A steady source of income is a man's bottom line to support his family

[Taskford]

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

Sticking up on your comfort zone will create a disaster in your life since even if you have steady income stream at the moment still there will be unfortunate changes like what happen to your friend. So while you are doing good right now better find another source of income since it can help you to be more secure in future if crisis came. More possible stream more better so don't became one of your friend and take action while its early since its so stressful to find a new job especially when you have family to feed.

[Raceonsucced]

Indeed, at this time jobs are very difficult to get, not least many companies go bankrupt. regarding your friend, he must be very depressed but I can only hope that he finds a suitable and well-paid job, also that his wife will get well soon.

but no matter how big the profit of a job is, even if it's a bit lower but not bad compared to no work at all. but maybe it's even better to have a backup job, just in case.

[GideonGono]

Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.

[maydna]

The next time he applies to a company and ends up getting hired but at a lower salary than another company, he should accept it because he can earn money to feed his family and survive until he can find another job. We cannot expect what we desire to always come true. And while someone wants us to work, we have to try our best so that the boss at the company can see that we really intend to work because we have a family.

But that story has passed, and now your friend has to try to find another job at another company. Hopefully, your friend can get the job he wants and survive with his family.

[Smack That Ace]

... If you have any advice for my friend, please let me know. Thank you.

Having a steady source of income is something we all want, and no one wants to be unemployed or lose a job that helps us feed our families. But like you said, in life, there are often unexpected things that happen, so having a stable income is not enough, but it is necessary to have one or more savings for those emergencies. That's also why I disagree with some people using their entire wealth to invest in bitcoin without any savings. They think it's smart to do so, but if the unexpected happens and the investment gets stuck, they're stuck.

In case of OP’s friend, he should consider first getting a stable job regardless if it’s low paid as long as it can provide their needs. But getting a job alone is not enough, he should have other side jobs that can give him additional income and so he can save too for their emergency funds. So that in case his wife will need a surgery later on, he can use the funds intended for emergency funds, or any other unforeseen events that are beyond their control.

Agree, I think he should accept any job, even a low salary because it is better than him earning nothing. Every day that passes is an extra burden so don't hesitate or be picky, he needs to accept and if possible, he doesn't need much sleep to work for money. OP's situation can be said to be the end of difficulties if he is not determined, his family will never get through. He is the family's only hope.

[Kelvinid]

Without a steady source of income how do you think that their Family could survive?
Even if you have a huge amount of money if your not using it wisely to have an income it would just drain up from all the food and bills for your family.
I've been there and done that it doesn't really work out unless you would have a passive or steady source of income.

That is why we should be wise in spending and change our lifestyle for this could really help us to survive from inflation draining our income. It is really a big challenge for low earners to budget their salary, so having a side hustle will give some breath. But we don't just stop there, saving is also important and changing our spending habits. And when it comes to having more extra money, investing is our next goal. We have to acquire multiple sources of income because this gives us the financial freedom that most of us are aiming for.

[ginsan]

If you're thinking that something might unforeseen to come and happen to you then you have to secure your family through availing an insurance.

It doesn't really look important at all when you're not in a tough situation. But availing a policy of insurance will make you feel secured for your family.

When you're the bread winner and there's no other people that you can rely on then, you have to protect yourself through it.

I think the fear of unexpected problems that come suddenly can be overcome by being thrifty or having savings from now on. Many of them out there may find it very difficult to find a job with an appropriate salary that can adequately support them, but there are many jobs with relatively low salaries and no benefits whatsoever.

No matter how difficult the work we do, we have to take care of it as best as possible at this time because that is the path that will lead us to achieve success and the most important thing is to be grateful and in this life, never complain because that is not a way out in this life.

[Cookdata]

I mentioned somewhere that my closest friend has been unemployed for over a year due to the devastating collapse of his line of business and and his wife's sickness. Last time we met was a month ago and he was depressed in certain ways which worried me a lot. I called him to see if he was fine last Sunday and he told me he was looking for jobs and the next day he would go to several interviews. I was glad to hear that. Last night I called to follow up and he said the interviews were not going well. I aksed why. He told me that nowadays most companies are not doing well, barely making even actually. The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time. I understand him and am trying my best to help him find a high-pay job.

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

There is a reason why the government set the minimum wage for workers, some companies are not following the rules, and they will rather see you suffer under their umbrella than see you earn what you deserve, this is the problem people face with private companies. I believe your friend knows his worth and what he presents to the table at the end of the day to sort out bills, we all want to work to feed the family but that doesn't mean we have to go the extra mile to be a slave under people.

Know matter what you earn, one source of income is not enough in this generation to feed a family, you need a side hustle or passive income in addition to what you earn today, look at inflation impact and things have become supper expensive for a common man to afford, we need to double our efforts in the ways we earn but passive income should be a priority in this new generation.

[Zaguru12]

He told me that nowadays most companies are not doing well, barely making even actually. The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time. I understand him and am trying my best to help him find a high-pay job.

Reject some jobs because the pay is small isn’t bad but doesn’t seems right to me when the job seeker is doing totally nothing. This days companies rarely pay up to the level of work that was done but one with a family to feed will just have to accept it and maybe still be looking elsewhere for a higher paying job. I have seen and heard of people who later had it big but they started with very low paying jobs.

Also we shouldn’t be too comfortable with jobs even if it is an high paying government job. One needs to diversify to probably owned businesses, this could serve as a insurance for the family should anything happens to the job or the person in the future

[Wong Gendheng]

The increase in commodity prices is increasingly difficult to control so that making a man especially those who have family must continue to try to find sources of income, on the other hand the trade is easier for us to do even by becoming a reseller we can get additional income, as long as we want to try seriously and the best of course all problems we can solve.

[Swordsoffreedom]

He told me that nowadays most companies are not doing well, barely making even actually. The interviewers would just say the job is not entitled to any insurance or benefits, what they can offer is a very low base salary and the commission part would be subject to how many sales the employee can bring to their company. My friend was not willing to take any of them because he has a family to feed and his wife's condition is unstable which could need a lot of money for surgery at any time. I understand him and am trying my best to help him find a high-pay job.

Reject some jobs because the pay is small isn’t bad but doesn’t seems right to me when the job seeker is doing totally nothing. This days companies rarely pay up to the level of work that was done but one with a family to feed will just have to accept it and maybe still be looking elsewhere for a higher paying job. I have seen and heard of people who later had it big but they started with very low paying jobs.

Also we shouldn’t be too comfortable with jobs even if it is an high paying government job. One needs to diversify to probably owned businesses, this could serve as a insurance for the family should anything happens to the job or the person in the future

I also disagree with his decision in this case, he doesn't have too much time to choose or demand. Why not accept that job and then get a second part time job? What he needs now is money to take care of his wife, not insurance or welfare for him, and if he has the real capacity, he does his job well, the salary increase will not be too difficult. No one is willing to pay him well when they don't know his skills, if he continues to demand high wages, he will not be able to find a job.

[zaki12]

That is why we should be wise in spending and change our lifestyle for this could really help us to survive from inflation draining our income. It is really a big challenge for low earners to budget their salary, so having a side hustle will give some breath. But we don't just stop there, saving is also important and changing our spending habits. And when it comes to having more extra money, investing is our next goal. We have to acquire multiple sources of income because this gives us the financial freedom that most of us are aiming for.

Yes, I also agree with you, don't give up easily and always be grateful. I have wanted to share my experience about my office friend who pity me because my salary is lower than him. But I don't just focus on one job after I get home from work I also make some extra money. Because I have a side business outside the office. I should be the one feeling sorry for him. His salary is higher but it's always used up to fulfill his satisfaction.

In my opinion, the most important thing is not about a small salary, but how we can be good at managing finances wisely so that there are no shortages of needs at home.

[savetheFORUM]

It’s hard to find jobs that will instantly offer you a high salary especially if you are a still a newbie. You can only expect for it maybe after years of being employed once you get the promotion. So my advice for your friend is he should never decline those jobs because it’s much better to have a low paying job so you can feed your family than to never have a source of income at all. If your friend really desire to have a higher source of income, a good investment can make it possible but for an 8-hour day job, I guess all it can offer are minimum wages unless if you are working in an executive department.

Unless he has skills which let's say is way higher than others though you'll start at low salary. That is why others are spending a lot of time honing their skills last pandemic so that they can get into competitions towards getting the positions. Also, the other solution to this is having multiple sources of income like side jobs, I noticed after the pandemic a lot of people are doing side jobs and working as hard as they can since the prices of foods right now are higher. OP you have no choice but to accept it and find another source of income even if the salary is low but still you have 2 sources of income.

I think that even if you already have skills and your skills are way higher than the existing old employees, you will still start at the very beginning only to be fair. It might take a few months before your boss are fully convinced about your ability and that could be the time that he will promote you and your salary will now increase.

It's nice to know that people don't take a rest after the pandemic hit and many of us are mostly staying at home but they use that time to practice and improve their skills more. They know that the pandemic can soon end and they will return in their own jobs again. If they didn't do that, their ability might deteriorate and their performance will get affected at work.

[mvdheuvel1983]

If there is one thing that the Coronavirus has taught us, it is that it is too dangerous to live on or have only one source of income. In the twinkle of an eye, it can be taken away and if you have a dependent, it run the risk of becoming depressed for your inability to provide for their needs.

The recession that saw a lot of organization layoff a good percentage of their staff is another reason why it is too risky to depend on only one source of income. The OP should talk to his friend, he should consider his current state of unemployment as a redirection. Who knows maybe it is time to turn his hobby into a side hustle.

[palle11]

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

Whether you have a good job or not, or whether you are careful not to lose your job is not really important but what is important is the policy that can affect our line of income or the environmental change or condition that affected your friend. Therefore, what we can do is to diversify our source of income into different places that are not related so that economy challenges will not hit them at once and we can keep surviving and reinvesting when we have saved up some money. Challenges will come especially health challenges and it is also related to old age. Making hay while the sun still shines also depends on the capital we can gather to diversify our source of income.

[Botnake]

Or better yet, have multiple income streams. Just so you have a backup if you get fired from your job or your main income goes bust.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

[samcoin]

My friend's story sends me a signal: no matter how much I earn right now, try to keep my job and souce of income stable. I am also a family man and have responsibilities. Anything bad can also happen to me so I have to be prepared to the unforseen problems, although I am doing fine now. Make hay while the sun shines. If you have any advice for my friend, please let me know. Thank you.

In my opinion, everyone of us should try to find multiple sources of income while he works for a steady income job. Saving a part of the salary is becoming much needed now as the financial status of the world is changing fast and no one knows how things will go. Unfortunately, FED rising up interest rates may be helping USA to mitigate the effect of inflation, but it's hitting hard other parts of the world as companies have been relegating some of their employees, resulting in a lot of people like your friend might find themselves forced to accept a low paying job in order to feed their families.
This situation will probably continue for some additional months, but I believe it won't last forever, so we should have patience and be convinced with what we are offered.

[Yamifoud]

Or better yet, have multiple income streams. Just so you have a backup if you get fired from your job or your main income goes bust.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

However, we also need to control our expenses as well because no matter how big we earn in a day or in a month but still spend more than our income, we will still suffer financial problems. Many people had come like this and this will emphasize how important is to have proper budgeting, particularly for expenses.

We can only gain financial freedom if we have plan and budgeting which most of us don't have it. We can't just make this is a word but it should be seriously followed otherwise, we never see any changes in our finances.

[KennyR]

Or better yet, have multiple income streams. Just so you have a backup if you get fired from your job or your main income goes bust.

It would be wiser for us to engage in side jobs so we can be more stable with our finances knowing there are multi sources of income that would generate money for us. So in case of emergency or any sudden incidents that will occur, we will not worry about the expenses knowing we have reserved funds for that. The more jobs we have, still keeping the main job, the more we can live our life stress free.

Making way for multiple sources of income is good, but this needs to be done with some stable income that won't gets disturbed at any scenario. When we go for multiple income streams we need more investment and the same will be out of the primary income. Beyond certain level the primary earning shouldn't be disturbed, it needs to be allocated for family needs. The income out of different streams can be used for reinvestment.

[Ludmilla_rose1995]

@OP, the story that your friend experienced really touched me, but I don't have much advice for him because if I were in his position then I would definitely be very confused about the situation that I would be in. during the Covid pandemic, I have thought hard about the future, I will take care of my financial condition and only buy things that I really need, the future is truly a mystery, without a good financial foundation, I am sure I will be in a deep depression when there is problem.