How to thrive with low income in a humble area

[bitzizzix]

I think management is very important, regardless of the amount of income. All you said is true, and once you don't manage well it starts resulting into always collecting borrowing before receiving your payment. It is better to plan because he or she who does not plan in life is then planning to fail. That is where most people go wrong because they do not budget their income and do not plan.

Financial literacy of a person is one of the most important items that a person should have. This will allow you to correctly plan an available budget, so that not only enough to survive, but also to create some kind of start-up capital (albeit not large), which will allow you to start a business, or start investing. We are not taught financial literacy in school, this is what we must learn ourselves.

Yes, it's true, literacy cannot be taught in schools except by reading books and also looking for it on the internet and even then if you want to know it. Even though with good financial literacy, you can be greatly helped to live a more prosperous life financially and do it with discipline and consistently regardless of the income you generate.
basically financial literacy is very related to our daily lives. However, it seems that most people are not aware that it is financial literacy.
and take this decision to save or invest to achieve financial goals or you plan to do business, and it doesn't need to be big, the most important thing is that you do it regularly until your goals are achieved. And you should also keep at it and even increase your investment once your business is doing well.

[1714291675]

1714291675

[1714291675]

1714291675

[1714291675]

1714291675

[xSkylarx]

I think management is very important, regardless of the amount of income. All you said is true, and once you don't manage well it starts resulting into always collecting borrowing before receiving your payment. It is better to plan because he or she who does not plan in life is then planning to fail. That is where most people go wrong because they do not budget their income and do not plan.

Financial literacy of a person is one of the most important items that a person should have. This will allow you to correctly plan an available budget, so that not only enough to survive, but also to create some kind of start-up capital (albeit not large), which will allow you to start a business, or start investing. We are not taught financial literacy in school, this is what we must learn ourselves.

That's also my question. School is just preparing us to be employees in an office setup, not to venture into other businesses or start on our own. That is why we need to learn it, and luckily the information right now is free on the internet. If we are not financially literate, even if we are earning a lot, we are still not able to save money, have emergency funds, or have savings because we can't manage our money well. That is why others are hiring financial advisers to know their spending is still good and manage their money.

[Raizok21]

One of the biggest difficults in life is to manage growing your patrimony and income, when earning minimum wage and living in poor areas where opportunities are scarce, as is the money circulating in the local economy. Some hints that could be useful:


Get rid of addictions/habits: addictions or habits (in mild cases) are harmful not only for your health, but also for your finances. Cigarettes and alcohol are responsible for consuming a large portion of the income from individuals living on minimum wage. It's not that unsual to find people spending at least 1$ on cigarettes daily, what after 1 month will result in 30$ expenses, which could be going into bitcoin investment, for an example.

Choose carefully where you go shopping: some supermarkets are more expensive than others. Shopping on physical stores is more expensive than shopping online. Don't go for the first price you see on the labels. Search for promotions, try to adequate your demand for products to your currently financial budget in a way you don't spend all your money in the end of the month.

The impression which matters is the one you have about yourself: forget about boasting yourself to friends and suitors around. Live a realistic life and don't pretend to have a superior lifestyle in order to make people's eyes shine in front of you. There is nothing wrong in displaying some style, it's actually pretty good and satisfactory, but only when we can really afford it.

Doesn't matter how depressing is your day, never give up: everyone has their depressing days, but these days can't become a rule in someone's life. Don't feel pitty of yourself, don't blame your life and your currently conditions. Think it's just temporary and that an exit from this situation is reachable with good will, effort, hard work and a positive attitude with people around you. Sometimes opportunities come from where you least expected, so be receptive to the society in general, while being careful with potential abusers of every kinds.


Step by step you are going to improve your financial status, be patient and determined. Good luck!

https://i.imgur.com/8oTYv2j.png https://i.imgur.com/VzRT4cl.png
Images created using Midjourney AI, see more at: Bitcoin AI Generated Images

In addition, be with people/friends that are also thriving. Having people around you with the same mindset and determination might give motivation and discipline to do what you're suppose to do.

[fuer44]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

[Cryptock]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

[Cryptodebjoe]

Thriving with low income must be practical and not wishful thinking it must be deliberate and intentional and attention to details of every expenditure here are some of my personal examples;
1. WhatsApp calls instead of normal recharge cards it sounds funny but you could save more...
2. Calculate total monthly or daily income and compare with daily expenses and endeavor to spend less than 50 percent of your income.
3. Save emergency fraction 10%
4. Avoid impulse buying
5. Eat home cooked food avoid restaurant and eatery's also avoid drinks, drink only water
6. Don't spend to impress or prove a point... Etc

[BitDane]

I think management is very important, regardless of the amount of income. All you said is true, and once you don't manage well it starts resulting into always collecting borrowing before receiving your payment. It is better to plan because he or she who does not plan in life is then planning to fail. That is where most people go wrong because they do not budget their income and do not plan.

Financial literacy of a person is one of the most important items that a person should have. This will allow you to correctly plan an available budget, so that not only enough to survive, but also to create some kind of start-up capital (albeit not large), which will allow you to start a business, or start investing. We are not taught financial literacy in school, this is what we must learn ourselves.

That's also my question. School is just preparing us to be employees in an office setup, not to venture into other businesses or start on our own. That is why we need to learn it, and luckily the information right now is free on the internet. If we are not financially literate, even if we are earning a lot, we are still not able to save money, have emergency funds, or have savings because we can't manage our money well. That is why others are hiring financial advisers to know their spending is still good and manage their money.

Not really, school are preparing us for the needed foundation so that we can stand up by ourselves when time comes.  School is not only teaching people to be an employee, there are lots of courses that specializes on entrepreneurship, business management, technical skills for freelancing and so on and so forth.  Financial literacy is also thought in school, you just need to find a proper course for that.

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

to be able to have some emergency funds when income is just enough for the family budget and bills is to have side jobs.  Having extra earnings surely help us in terms of financial stability.

[Lanatsa]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

Greed isnt bad when it is really still in moderation and you are still in control towards your will and decisions that been made up.We all do really hope for a good living and status when it comes to potential and this is

why we do strive out on doing out best to find the best way on getting some income and do dive into other opportunities which we do see that it could give out the chance for us to earn more.
Yes, we should really be thankful in every day that we are really that alive and still breathing yet we could really still able to find opportunities to make our lives at best as we can.
Do in your own methods and ways because living isnt that simple and you do need to work hard.

[Ryu_Ar1]

That's also my question. School is just preparing us to be employees in an office setup, not to venture into other businesses or start on our own. That is why we need to learn it, and luckily the information right now is free on the internet. If we are not financially literate, even if we are earning a lot, we are still not able to save money, have emergency funds, or have savings because we can't manage our money well. That is why others are hiring financial advisers to know their spending is still good and manage their money.

Talking about school today can be said that there are many wrong thoughts actually about school. The real reason we go to school is not to work but to enable us to learn various knowledge for our future lives but the problem is that the school's stigma seems to change. I don't know in other countries, but for my own country, the benchmark is that many students study in high school, for example, they always think about work and the main goal of learning becomes distracted because the focus is not studying, but getting a certificate for work.
This is clearly wrong even though we also have to think about the future like work and others, but this is not the right place, I think it's just that the stigma is always like that now.

[fadhilz123]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

I think what you said is more appropriate for those who still live in areas with low levels of income, because apart from having to move to places with more opportunities for them to develop. Those who still live in areas where income is still low must also open themselves up to gain more insight elsewhere so that there are more offers they can receive for an income that can make them develop better.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

Being grateful for what we have is a special thing for everyone where everyone does it in a different way. And in terms of finding a place that has more mobility to develop, I don't think it's an attempt to be greedy, because everyone needs to develop and become more independent in their life by continuing to try as much as possible according to their abilities.

[DrBeer]

The answer to a topic question, such as the question - how to manage finances? REASONABLY!
No matter how much money you have - unreasonable spending - the path to bankruptcy and a beggarly life. Don't buy what you don't really need. But on the other hand, you don't have to wear the same socks for 10 years Seriously, thinking and image attract what you are. If you walk around in rags, not washed, not shaved - due to inadequate economy - you will not become rich, you will become a miser, for whom accumulation will be the goal of life. And as practice shows, such people end their life before they can use the savings.
Do not buy "fashionable things". A new collection of Lewis, GAP or iPhone - I'm not sure that you can't live without it! It's easier to take care of things and not change your wardrobe, for example, once a quarter.
You live in an environment of your own kind in terms of income - no offense, but clothes from the "luxury fashion" segment are not yours. No, you can buy yourself, but WHY?
And so in everything! Ok, I agree, for example, sometimes you want to drink alcohol, for example. But this does not mean that you need to buy Lheraud XO Charles VII, there are excellent inexpensive quality wines!
Yes, and a very important remark, please do not be offended, but understand correctly! Always try to be (work / communicate / ....) in a society that is "a step above" you. Believe me - it will be very useful! This is just a recommendation, but it allows you to solve many problems that cannot be solved in a society "one step down" ...

[DOH!]

One of the biggest difficults in life is to manage growing your patrimony and income, when earning minimum wage and living in poor areas where opportunities are scarce, as is the money circulating in the local economy.

Very true, I live in such an area and the salary is quite meager 600-700$/month.  In general, if you have a family and children, most of the living expenses will be equivalent to nearly $500/month.  If you do not have a family, your savings will be greater with $300-350/month.  For such a fixed job and salary in the modest sector, the most important thing is to save, spend appropriately and take advantage of opportunities from savings to invest properly.  Human needs are infinite, each income generated / compared to expenditure is different.  I don't think anyone should learn from the wasteful spending problem that you have to bear the consequences of.

[Fivestar4everMVP]

Get rid of addictions/habits: addictions or habits (in mild cases) are harmful not only for your health, but also for your finances. Cigarettes and alcohol are responsible for consuming a large portion of the income from individuals living on minimum wage. It's not that unsual to find people spending at least 1$ on cigarettes daily, what after 1 month will result in 30$ expenses, which could be going into bitcoin investment, for an example.

For those who are chronically addicted to smoking, Alcohol and maybe gambling, I can you that giving up this is one of the hardest things to do, I've meet several smokers who if you ask them to stop smoking because smoking is destroying their finance little by little, they are ask you that, you that is not a smoker, what have you achieved?.

The advices in the OP are all good, but unfortunately, not for everybody, succeeding in life take hard/smart work and great discipline, even a smoker and an alcoholic can still succeed if they really know what they want out of life, and work hard and smart towards achieving it, and also applying discipline and consistency in the work towards achieving their dreams.

[Doan9269]

When you're leaving by a low income earnings and have a low budgets plan for your living expenses then we can assume ou to have balance the means, but many people don't know how they can make this a reality by adjusting their normal lifestyle to the level of their income capacity, it affects that making a savings because hard and unbearable when the needs arising is more than the income budget plan, that is it is also encouraged that one cannstart in a low budget area to gather up resources in other to meet up by having low expenditures or cost of living to say.

[passwordnow]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

It's true that taking risks and taking other opportunities will be the best way to get out of being low in income. The increase in income also varies on how you're good and skilled are. Sometimes even if you're good at budgeting, it won't just be enough. I've done it myself and it's frustrating when it's the end of the month and you've got all of your expenses written on a paper as you track all of them and still, you can only do so much.
With inflation hikes, the way to defeat is or you can get along with it is to increase your income.

[19Nov16]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

A greedy person will not be happy and he will die before he can enjoy the money or wealth he has, every day he will always think about adding money and not caring about other people, nowadays many people are difficult and doing social activities such as helping others is noble things that will make the heart happy and of course eliminate greed.

[electronicash]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

A greedy person will not be happy and he will die before he can enjoy the money or wealth he has, every day he will always think about adding money and not caring about other people, nowadays many people are difficult and doing social activities such as helping others is noble things that will make the heart happy and of course eliminate greed.

those greedy bastards can sleep well in the evening thinking they have food on the table the next day or months. don't think of it that it's a bad thing to make money. they become greedy because they have more mouths to feed and they have plans for the future.

you actually can't think straight when you have no money prepared for the next week's budget. having a low income is like living paycheck to paycheck and a person will need to save and be greedy so they can leave more money for thier kids when they check out this world.

[fuer44]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

It all comes back to our respective choices. Do you stay with this situation or take the risk of getting out into a wider area with a bigger or even smaller result?
The benchmark of happiness is not about how much money or assets we have, but how we use it with gratitude.

[fuer44]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

It's true that taking risks and taking other opportunities will be the best way to get out of being low in income. The increase in income also varies on how you're good and skilled are. Sometimes even if you're good at budgeting, it won't just be enough. I've done it myself and it's frustrating when it's the end of the month and you've got all of your expenses written on a paper as you track all of them and still, you can only do so much.
With inflation hikes, the way to defeat is or you can get along with it is to increase your income.

That's what I mean, not how we manage money with the same income throughout our lives. But how do we change this income to get opportunities whether we can get bigger or at the risk we can lose it. There are many ways to change that, for example by doing business, trading, become a seller or going to the metropolis for a job with a higher salary than before.

[fuer44]

An explanation of how staying thriving in a low-income area is a way to survive. If it continues like that then it will be difficult for us to develop. The right way to grow is to take the risk to get out to a place with high mobility so that it can cover all aspects of the business that can be used as opportunities.

the best practice is to have some emergency funds.
Work hard - have a roof over your head and be thankful to God whatever you have. The greed for more and the worry for the future is always a useless thing and killing our present joy.

A greedy person will not be happy and he will die before he can enjoy the money or wealth he has, every day he will always think about adding money and not caring about other people, nowadays many people are difficult and doing social activities such as helping others is noble things that will make the heart happy and of course eliminate greed.

those greedy bastards can sleep well in the evening thinking they have food on the table the next day or months. don't think of it that it's a bad thing to make money. they become greedy because they have more mouths to feed and they have plans for the future.

you actually can't think straight when you have no money prepared for the next week's budget. having a low income is like living paycheck to paycheck and a person will need to save and be greedy so they can leave more money for thier kids when they check out this world.

And developing a business or building a profession that is our passion, in my opinion, is not greed, but self-development. What is called greed is if we as clothing sellers see that on front side us there are bakers whose sales are good, in the end we join in selling bread with the aim of competing with the bakers on front side us.