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Author Topic: Which do you prefer  (Read 1377 times)
irhact
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May 01, 2023, 04:57:43 AM
 #61

Permanent job I will make this job as income for my safe zone or center, and now I'm also starting a small business because I don't want to be an employee forever, I also want to be independent, and lastly I also invest in bitcoin, because I believe bitcoin will continue to have great potential and can double my money in the long term (if there are no obstacles and it goes well). So basically I think about each of those things in the short term, medium term, and long term.

Well said, permanent jobs aren't as bad as people say it is, we have to stop listening to this motivation speakers that don't have any real life experience. People think immediately you start trading that you'll begin to make profit. You will need both time and other sources of income for suitability and that can be gotten from your permanent job that you know the salary is constant.

Having double sources of income should be what you should prefer instead of choosing one. All rich individuals have multiple sources of income because they know one of them could stop been profitable at any moment and when that happens, they need to have other sources of income to rely on which is something poor people don't have.

R


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May 01, 2023, 04:58:14 AM
 #62

I will be greedy, I will choose both jobs because having multiple sources of income is a good thing not a bad thing. It's not easy to get a job with a stable salary these days, so don't give up on it. As for trading, you can do it in your spare time, it's not forced like other jobs. As long as you can arrange the time, I believe you can still operate both well.

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May 01, 2023, 05:55:03 AM
 #63

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer and why.

When choosing between jobs, the money I not the first thing I look at. Don't get me wrong, I still look at the money but compare other things first.

Immediately after my college degree, I really needed a job, so I applied to a lot of companies related to my field. I had no investments and I was surviving on my savings so I really needed a job and fast, but it didn't come. So I gave up job hunting and learned a digital skill. Within a year of learning the skill, I started earning from it, not very much money but it was okay at the time, not regularly too (you know how it is).
Then a job offer came. about 14-15 months after the interview. It was from one of the biggest banks in my country here.
A year ago I would have grabbed that opportunity with open hands, but now I had to think. A job like this, in a reputable company like this, added to my resume will open career doors for the career I had in mind at the time.
But I didn't accept it. I would be working Monday-Friday, 8am-5pm. It was defiantly going to be a hindrance to the skill I was building because I still had a lot to learn and I was at the foundation stage where it required maximum attention.
I thought about things like the stress of going to work every day and only having time for myself only weekends. I know how stressful a bank job can be. Then I thought about the money. In my country, I feel like the idea of working in a big firm is part of your salary. Funny but true. I mean the prestige that comes with such a big company. You have to be either very good or very connected to work in a company like that. The salary wasn't worth the actual job you do.

Years later, I still tell myself I made the right decision and I believe it, not just because I will make it again if I was taken back in time but also because even if I'm not where I want to be, I know someone who took a similar role to the one I was offered and she's been telling me to help her look for another job because she tired of the one she's doing and I, on the other hand, is not tired of what I'm doing after so many years.

R


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May 01, 2023, 06:48:01 AM
 #64

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.

Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

What if the two comes at once or expect the two anytime, the world has change and revolved round our life and we have to adjust to the way to the way it comes at us, you cannot work as a civil servants and expect that to pay all the bills around you. If you depend on only civil servant salary, how do you plan to get a car or build house or you want to be taking loans through the days of your life under the government, it doesn't make sense that way.

Find a civil servant work if that is available to you but take a business or a side husle along side so that you can have money coming from different angles, I will even suggest you take the business more serious than your civil servant job because it is not always strict like the regular companies work.

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May 01, 2023, 07:19:54 AM
 #65

Personally, if you can do both, you should. Multiple streams of income are great and you can have more money coming in and maybe you can trade a lot more with having more with that. Unless you are satisfied already with that then go with it and focus on your trading balance and grow a lot more of it.

As long as you believe in it, you can for sure achieve it. Don't let others tell you otherwise.

I'm doing both and for the trading part, I let my trading bot run 24/7.

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May 01, 2023, 07:40:24 AM
 #66

I will be greedy, I will choose both jobs because having multiple sources of income is a good thing not a bad thing. It's not easy to get a job with a stable salary these days, so don't give up on it. As for trading, you can do it in your spare time, it's not forced like other jobs. As long as you can arrange the time, I believe you can still operate both well.
Everyone who is still alive in this world has the same amount of time in his life, and what distinguishes it is the way it is managed because when someone already has two different jobs in his life, of course managing time becomes very important in order to be able to carry out both every day. But this also doesn't need to be said as greed because there are many business people in this world who have more than one business so that the level of income is always higher.

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May 01, 2023, 07:54:37 AM
 #67

My question is guys which do you prefer
If both can be carried out then why not remain in both, becoming civil servants and also becoming traders.
I also experienced a dilemma when I had to stay as an office worker or focus on trading and at that time it was very easy to make profits in trading so I made the wrong decision thinking that trading is a job that will always earn money but it turns out that this is not always the case, so I had to face economic difficulties because I was no longer working and trading was experiencing a decline in yields.
So if you can stick to both then it will be better until you actually have enough assets for retirement later, so that inflation won't reduce the value of your assets, but instead these assets provide regular income.

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May 01, 2023, 09:12:13 AM
 #68

My question is guys which do you prefer
If both can be carried out then why not remain in both, becoming civil servants and also becoming traders.
I also experienced a dilemma when I had to stay as an office worker or focus on trading and at that time it was very easy to make profits in trading so I made the wrong decision thinking that trading is a job that will always earn money but it turns out that this is not always the case, so I had to face economic difficulties because I was no longer working and trading was experiencing a decline in yields.
So if you can stick to both then it will be better until you actually have enough assets for retirement later, so that inflation won't reduce the value of your assets, but instead these assets provide regular income.

I don't want to disappoint the OP, but to be honest, very few people can make a living from trading because it's so unpredictable, and we can't always make a profit from it. I have never seen anyone who always wins without losing in trading, and most of the professional traders I know also have outside business. OP is making a lot of profit from trading, but that doesn't mean in the coming months, in the future, it will always be. Therefore, in my opinion, he should not give up his job as a civil servant despite a low salary and a lot of pressure.

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May 01, 2023, 09:12:18 AM
 #69

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
Having a civil service job is everyone's dream since no matter what happens, you are at least sure of having your salary paid at the end of each months and it's also pensionable, which is an added advantage. But for me, I will likely go for the two, that is, both my civil service job and my extra source of income (i.e trading) since to become very rich, one don't need to rely on just only one source of income.

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May 01, 2023, 10:23:17 AM
 #70

I will prefer a government job, because getting a government job in my country, you have to aquire some potential degrees before the Job will be giving to you with free official car, free accommodation and huge amount of money as monthly payment, which it can help you to save enough money for future growth. Don't forget that, for you to start trading, you need money that will help you to purchase enough coins and hold for a period of time before you can sell which not everybody that can take such risk in the community. I think, before you will have a bad day in your office that will make the management to sack you, you have already save enough money that will help you to create a good business that will be bringing income to you daily or weekly.

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May 01, 2023, 10:34:51 AM
 #71

I will prefer a government job, because getting a government job in my country, you have to aquire some potential degrees before the Job will be giving to you with free official car, free accommodation and huge amount of money as monthly payment, which it can help you to save enough money for future growth. Don't forget that, for you to start trading, you need money that will help you to purchase enough coins and hold for a period of time before you can sell which not everybody that can take such risk in the community. I think, before you will have a bad day in your office that will make the management to sack you, you have already save enough money that will help you to create a good business that will be bringing income to you daily or weekly.
Well, the benefits and monthly income security make someone think that choosing a day job is the best option. Unlike when trading which you can't assure how much you get monthly but the advantage is that we can possibly generate more profit than the salary we get working. But of course, if you can manage to have them both, well, I honestly say that you really make multiple sources of income. Besides, trading doesn't require 24 hours on the computer nor do we have to do it and we can do this after work or any time of the day.

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May 01, 2023, 01:29:06 PM
 #72

If you think you can do both, why not just take both? You can get two sources of income that can add to your income and add capital to trade and make ends meet. But you need to pay attention to allocating money from your income to have savings for sudden needs. That would be better because not many of us can have two sources of income that can be used for our lives. And you should be grateful to have both.

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May 01, 2023, 01:55:50 PM
 #73

Trading and job are not same. The company will give you a salary at the end of the month after doing certain hours of duty at the place where you will work but the training is not like that, there is no salary system in trading and the income will depend on the individual. That is, the person who will trade will depend on whether he is trading at the right time or not. If you can trade any coin at the right time, when the value of that coin increases, you will generate some profit from your capital and you can set aside that profit and spend it on your needs. 

But it is not always possible to profit by trading, many times by trading many people put their money and resources at risk and suffer a lot. The main reason is not having enough knowledge about trading and not being able to trade at the right time.

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May 01, 2023, 02:04:14 PM
 #74

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
Having a civil service job is everyone's dream since no matter what happens, you are at least sure of having your salary paid at the end of each months and it's also pensionable, which is an added advantage. But for me, I will likely go for the two, that is, both my civil service job and my extra source of income (i.e trading) since to become very rich, one don't need to rely on just only one source of income.
It cannot be denied that until now, being a civil servant is still a dream for most people for the reasons you have mentioned,
i agree with you and its better to have more than one source of income because it will make us much more financially secure,
especially with today's life many basic necessities have experienced price increases.

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May 01, 2023, 02:45:31 PM
 #75

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
There is a saying, When a blind begins to see, he gets rid of his stick first, which helps him when there was no one, Point is without that civil service job, would you become a tension free trader because you have to get your expenses in line before starting tension free trading, if yes. Then you don't need it.

But i prefer you to not leave the job for trading because as a civil servant (stick) job helped you in the first place, and it will help you in the ups and downs of trading too. Because there is a rise there is a down too. So if you already have a pre-caution option which you can choose to live a tension-free life then why trouble to think about choosing one?

If you can't take the weight of both work then that's another discussion but in your post, "you mainly mentioned due to money which you can earn in week and in days while you were earning monthly". So that's not an option.

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May 01, 2023, 02:47:06 PM
 #76

I think a fixed monthly salary will never make us rich, I have felt a monthly salary for almost 8 years and finally I left and tried businesses such as apartment marketing, house marketing and so on, and when I'm lucky, within a month I can earn the equivalent of 2 years while working in the office.

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May 01, 2023, 03:00:59 PM
 #77


My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

There's nothing like getting paid for something you love doing because its no longer work and you will never get tired of doing it because there is love and there's always a burning motivation to do that even if we have bad days doing, there's no such thing as perfect work or vocation, we will always encounter hard times because its part of our learning process on that job.

Between trading and office service, I will prefer trading if I become good at doing it and the office work becomes boring, or if I still find my office work fulfilling and challenging and I'm still learning how to trade, I will retain my office work and treat trading as my sideline or another income source.

The most important is we love what we are doing and it satisfies our financial needs.


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May 01, 2023, 03:12:55 PM
 #78


My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

i prefer to focus on things that provide better income,, it can be business or trading,, because according to the fashion that I have that I don't like being under other people or sitting in an office for 6 full days, I can't imagine living like that .. if I do business or trade, it does give a burden on my mind that is no less heavy, but at least I can work freely without the need to be regulated by people and focus on other things that can increase the value of myself,, and that's the life that i want.

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May 01, 2023, 03:19:50 PM
 #79

If you are this good at trading like you said then keep trading, to me trading and making a good amount of money daily requires skills and also a lot of money, sometimes the market won't move a lot in the next 24hrs, meaning you may only make 10% from an uptrend or downtrend, so you need a large some of the money for that 10% gain to worth your time and energy, if you are using 1000$ for trading you can make 50$ to 100$ depending on your chart skills.

I don't recommend futures trading, you can make a lot of money from futures trading but it's too risky, you can also lose every money you have if the trading call goes against you in futures trading.

As for your job/salary, only you know if it's worth keeping, it's always good to have an extra source of income but if you feel like the salary is too less and you are making a lot from your trading then it's good for you. Keep it up.

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May 01, 2023, 03:51:44 PM
 #80

I will definitely go for a business, I have to be self employed then I will back it up with crypto trading, am not really the type that really like government job, I don't like to be controlled, I prefer to be the boss, but I can't leave cryptocurrency, so even if am running any business, then I will still be trading and I will be investing in bitcoin.
As much I also wanted to be in business and trade crypto at the same time, I wouldn't leave my 9-5 work if my business is still like in its growth stage. The pride of not being controlled or being your own boss, just like you said, has its own downsides. Once your business starts to show failure, assuming you only own a single business, your chances of being broke just snowballs in an avalanche.  It's kinda scary getting broke these days considering that inflation is an ass.

It's not a matter of being controlled or being your own boss, it's about being financially stable. There are still 9-5 works out there that still offer flexibility even if you work under someone just like mine. Corporate jobs aren't that bad at all, but I guess it depends to a lot of people. Another thing worth mentioning is that these days, you almost need to have another source of income so I guess that's where crypto investment/trading comes into place, I guess?

i prefer to focus on things that provide better income,, it can be business or trading,, because according to the fashion that I have that I don't like being under other people or sitting in an office for 6 full days, I can't imagine living like that .. if I do business or trade, it does give a burden on my mind that is no less heavy, but at least I can work freely without the need to be regulated by people and focus on other things that can increase the value of myself,, and that's the life that i want.
Not all office works require you to work for 6 full days. Even after our RTO policy, the office days still remained 5 days with offered flexibility wherein everyone has the choice to at least work from home 2 times per week. This kinda depends on the field though. If you really love what you're doing, then sit shouldn't really matter that much.
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