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Author Topic: How can it be possible coping with one source of income  (Read 1069 times)
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March 06, 2024, 02:55:25 PM
 #141

Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.

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March 06, 2024, 03:33:37 PM
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 #142

Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.
Learning to control our desires amidst the current influence of social media is indeed very difficult, there are always urges that make us want something that is not actually a basic need. The hedonistic lifestyle has influenced most of society, social media encourages us to spend more money that we could have saved or invested. It is very important to think in the long term, especially if we are the head of the family who is responsible for our wife and children. All income should be managed well, adjusting to priorities between needs and desires.

Controlling needs and desires is sometimes difficult for someone, like a gambler who cannot play responsibly, all income is spent without thinking about what will happen tomorrow. You need to have awareness and learn from other people experiences, how to manage your income well, and control it so that it is balanced. Don't be too wasteful and don't be too stingy with yourself, don't let our lives in old age become a burden on our children, and difficult them with debts.

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March 06, 2024, 03:54:52 PM
 #143

Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us
If we can differentiate between these two things, of course we will be able to manage our finances well, because if we cannot separate our needs and desires, of course the income we get will be used on things that are not intended even after buying them we never use them. what we have bought will be very detrimental to us and if we can differentiate between these two things, of course we will be able to save and also be able to invest for our old age.

Yes, of course we must be able to learn from other people who use their income for the things they want and we have seen that many of their lives experience difficulties and some are even no longer able to pay their debts because their lifestyle does not match their income.
Learning to control our desires amidst the current influence of social media is indeed very difficult, there are always urges that make us want something that is not actually a basic need. The hedonistic lifestyle has influenced most of society, social media encourages us to spend more money that we could have saved or invested. It is very important to think in the long term, especially if we are the head of the family who is responsible for our wife and children. All income should be managed well, adjusting to priorities between needs and desires.

Controlling needs and desires is sometimes difficult for someone, like a gambler who cannot play responsibly, all income is spent without thinking about what will happen tomorrow. You need to have awareness and learn from other people experiences, how to manage your income well, and control it so that it is balanced. Don't be too wasteful and don't be too stingy with yourself, don't let our lives in old age become a burden on our children, and difficult them with debts.
Totally depends on what kind of person you are on which there are ones who cant really be able to control up themselves on the time that they've seen that they cant really be able to fight that urge and
since they do know that they do have the money that they could really be able or to make use with, then this is where they would really be making themselves that being wrecked because
they would really be go out of budget specially if you are really just that having that single source of income then  you are really that putting yourself on huge trouble.

Yes, we are just humans and we do have those kind of hopes and dreams but we should really be that having the control with those urges specially on what we are currently been earning with.
You would really be putting up yourself on such disaster if you wont really be having that kind of control on which it is really that crucial on these kind of times
on which people do really that becoming that impulsive or losing up that control.

R


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March 06, 2024, 05:02:35 PM
 #144

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

     There is no problem if we only have one source of income, as long as it is able to sustain all expenses during the month we are going through. Now, if you're going to enter the crypto space, as long as you know how to manage your budget, you can actually do it.

     Because there are other people whose source of income is not that big but they are able to save money for things just in case there is an emergency, you have money to draw from that you don't need to borrow money from other people, but the size of the source of income is different; they still have businesses, but they are expensive, so they don't save any money.

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March 06, 2024, 05:25:46 PM
 #145

Feeling the squeeze lately, even with a decent job? It's a total bummer, right? We all see those folks online living large on one income and wonder what secret sauce they're using. Here's the thing: everyone's financial situation is like a weird pair of jeans – unique to them. Comparing yours to someone else's won't do much good.

Ever heard "you can't manage what you don't measure"? Tracking your income and expenses for a month is like looking under the couch cushions – you might find some forgotten cash. Be honest, are there sneaky subscriptions or daily lattes draining your dough? Focus on the essentials like rent and groceries, then see if you can cut back on stuff you don't really need, like that gym membership you never use. Getting financially healthy takes time and effort. Don't beat yourself up if you don't see results overnight.

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March 06, 2024, 05:34:29 PM
 #146

We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.
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March 06, 2024, 08:10:52 PM
 #147

We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.

If one source of income can be managed as well as possible, then one source of income is enough if only to fulfill a need, but will never be enough to fulfill our desires.

For example; Our needs are food every day, a place to live, a cellphone to make it easier for us to communicate, and a vehicle to make it easier for us to move here and there. If that's all, then one source of income is enough to fulfill it. But what we want is not just that, but we also want that we can eat every day with food that has adequate nutrition, have a safe and comfortable place to live, a cellphone that is good and not easily damaged, and a vehicle that feasible, as well as other desires such as saving and investing. And there is little chance of all of this being realized, if we only depend on one source of income, and therefore we have to add other sources of income, which can increase our income. On the other hand, by having a side job or additional income, this can also help us if something happens that we don't want at our main job.

and if you really feel that you care enough about people who are in trouble, such as unemployment. then make sure that you will become someone who is very rich, and open a business that can provide them with employment opportunities, so that they have income and can meet their needs. Indeed, if you intend to help people, you don't have to wait to become someone who is rich first, but when you become someone who is rich and has financial freedom, then you will not only be able to help one person, but many people through the wealth you have. .

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March 06, 2024, 08:40:42 PM
 #148

We have seen many unemployed boys around us who have been trying hard for just one job or job. They only have one goal that any one job requires. Then when they get a job and feel that the salary they are getting from that job or job is not enough, they start looking for another job as well. In this way, after everyone's temporary needs are met in the world, another new need appears. Because the area of demand is infinite. When we had nothing we needed a job, even if it was just for two handfuls of food. If that is the case then even one source of income should be enough for us. If even that is not enough then outsourcing can be utilized as per the job as well as capacity from which good profit can be obtained.

If one source of income can be managed as well as possible, then one source of income is enough if only to fulfill a need, but will never be enough to fulfill our desires.

For example; Our needs are food every day, a place to live, a cellphone to make it easier for us to communicate, and a vehicle to make it easier for us to move here and there. If that's all, then one source of income is enough to fulfill it. But what we want is not just that, but we also want that we can eat every day with food that has adequate nutrition, have a safe and comfortable place to live, a cellphone that is good and not easily damaged, and a vehicle that feasible, as well as other desires such as saving and investing. And there is little chance of all of this being realized, if we only depend on one source of income, and therefore we have to add other sources of income, which can increase our income. On the other hand, by having a side job or additional income, this can also help us if something happens that we don't want at our main job.

and if you really feel that you care enough about people who are in trouble, such as unemployment. then make sure that you will become someone who is very rich, and open a business that can provide them with employment opportunities, so that they have income and can meet their needs. Indeed, if you intend to help people, you don't have to wait to become someone who is rich first, but when you become someone who is rich and has financial freedom, then you will not only be able to help one person, but many people through the wealth you have. .
There's no such thing about being enough because even there are people who are living in a life with having that sufficient income and could be able to eat thrice a day and having that good shelter and good education and other main things and priorities but still that feeling of contentment wouldnt be there. Well, im not saying that all people is something like this but majority would really be and this is why they would really be coming
on having those thoughts that they would really be needing up to have more to have that kind of fulfillment of their desires on which it isnt that bad as long you do find yourself having that in control.
We are all hoping on living in a life on which doesnt have any financial problems and able to buy on the things that they do really want.

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March 06, 2024, 10:22:50 PM
 #149

Ever heard "you can't manage what you don't measure"? Tracking your income and expenses for a month is like looking under the couch cushions – you might find some forgotten cash.

This sentence sounds simple, but it holds so much truth. Money management is the key. Most people don't realize that they have so many unnecessary spendings. Mostly they are not much, here a few dollars, there a few dollars. But summarizating all such small amounts makes a difference between I am struggling and I am living a good life with my income. So, I always recommend to note down all your spendings for a couple of money and you will get surprised how much you can save if you avoid unnessessary spendings.
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March 07, 2024, 05:36:39 AM
 #150

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Actually it's not that easy, it's possible, but what I think about it is that it's not sustainable, because I have been in a situation like this in the past, when I will be dependent on a single salary, at every month ending, what I usually does is that I draw down a budget and how I will be allocating funds, because I can't afford to spend wrongly, but still yet, I still go into debt, because it's not just enough due to the current economic situation in the country now, but the best way to survive right now, is not to depend on a single income, because it's really not easy if you do.

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March 07, 2024, 06:08:01 AM
 #151

Actually it's not that easy, it's possible, but what I think about it is that it's not sustainable, because I have been in a situation like this in the past, when I will be dependent on a single salary, at every month ending, what I usually does is that I draw down a budget and how I will be allocating funds, because I can't afford to spend wrongly, but still yet, I still go into debt, because it's not just enough due to the current economic situation in the country now, but the best way to survive right now, is not to depend on a single income, because it's really not easy if you do.
Maybe so far almost everyone has felt the same way you feel, so there are many people who no longer depend on just one source of income. Because we remember how difficult it is to meet our daily needs and we also don't want to always be in debt when all our budget funds are not sufficient for our important needs in life. The suggestion to get more income and not depend on just one source is a very good suggestion because only then can anyone be free from debt and also from the difficulties that can befall him at the end of the month.

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March 07, 2024, 06:13:54 AM
 #152

Your total income should exceed your expenditure that is the basic rule irrespective of how many ways you have to make that money and if you feel your expenses is getting ahead then you should find better job which is not easy due to the high unemployment rate then you should explore is there any way to make money in your free time with your skills.









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March 07, 2024, 06:37:29 AM
 #153

The current global situation amidst the looming war and economic challenges happening the different parts of the world has made life difficult. invariably, surviving on one source of income isn't sustainable any longer. One has to diversify into other means of making money. Having multiple streams of income has always been a solution from economic scholars. The issue or challenges people faces is what kind of profitable investment portfolio should one buy or start(for self-employed indiviuals)
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March 07, 2024, 08:05:42 AM
 #154

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
Indeed, basically when we experience financial problems we will feel stressed and worried. Financial problems like the ones you are experiencing can certainly be experienced by anyone without exception. Anyone will be confused about how to overcome financial problems if this happens, such as having lots of bills but only getting one income.

What you need to do now is be good at managing your finances, both income and expenses must be balanced. Don't just keep silent if you feel that your financial condition is not good, you must be sensitive and try to find solutions to stabilize your finances again. look for another job that can provide additional income. Apart from the main job, part-time work also has a big role in improving finances. What's more, the conditions you are currently experiencing are really necessary to cover the bills, so don't be too picky in your work. Get involved and pursue work that suits your abilities.

Currently, many people are looking for freelance services that you can do anywhere without disturbing your main job, or maybe you can do direct work such as using the internet to find additional income without disturbing your main job.

R


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March 07, 2024, 12:35:06 PM
 #155

With the inflation, expenses and other bills seems like you need to have an extra job, it depends on the country you have if they are supported a half day set up so you can work another job with the other hours just to cater for your expenses, actually base on my experience with my country its not enough to cater my needs, of course you are getting older your responsibilities increases too or else you are with your parents at your back so you don't need to worry too much. Watch out too your lifestyle inflation sometimes people get more stuff because they can afford but in the end, they didnt have enough funds or savings so instead stick that is bare minimum and if you are settled enough you can enjoy your life. Could be spent now and suffer later, or saved now and enjoyed later.

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March 07, 2024, 04:48:54 PM
 #156

We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

Nowadays living cost is utterly level expensive. That's why it is totally impossible to manage all the living costs with one income source. That is the reason everyone tries to do something else besides his or her regular work or job. You know the Russia-Ukraine war is another shit which is fueling the fire and the price of everything going high day by day which affects our normal life. So it is totally impossible to cope up with this with one source of income. we must try to find out other side income with our regular one.


I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.

I also read that quote and it influenced me greatly. I always try to do something besides my job because it gives me more financial support. So everyone must keep two income sources. So that if one source is stopped then the other source will work. Today life is to much unpredictable, anything can happen at any time so everyone must be financially strong. you know this is only financially strong people who can solve any problem in their life. So its important to have at least two incomes, job+farming, Job+investing, Job+whatever you can do.

You are talking about investment too, keep in mind there are so many scams nowadays when it comes to investment, always have to be aware.

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March 07, 2024, 08:45:52 PM
 #157

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It's called budgeting, writing down all your expenses for a month and then try to fit it in your salary. It might take some big sacrifice in your end to do it. Been in this situation before, and still is, but I do try to manage everything up to the last money I got. Of course, I'm into crypto now and I save some for the bull run. But still, it is very difficult situation for everyone and it takes a lot of will power to do this day in day out. And obviously, maybe you need to get a second source of income, what we call a sideline. Just try everything, as life is unfair. But if we have a positive mindset, we can conquer everything and who knows, fulfilled our dreams by really working very hard and have the motivation to get up early to work  because we have families to feed, kids to put in school.

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March 07, 2024, 08:59:48 PM
 #158

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
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March 07, 2024, 09:24:08 PM
 #159

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help
It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
Very possible but you would really be living on the most standard way of living on which everything in budget and really very right. It would be also basing up on the situation because on the time that you do already have a family to feed then this is where story would really be starting to change on which you would really be needing to adjust according into it because if you do have some mouths to feed then it would be totally affecting out
overall about your budget and you would really be surely get short in terms of that. This is why it would really be that best that you should really know on what you are doing because if you are really just sticking into a single job or source of income and seen that you are already that overdropped ? then it would really be that common sense that you would really be looking up for something more.

It would really be just that depending into some individual on how they would really be hovering themselves in speaking about such life condition on which we do know that
majority of us really that having this kind of problem.

R


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March 07, 2024, 09:34:24 PM
 #160

It is very possible to live and cope fine with a single source of income, what is expected in that condition is to discipline oneself to living within the boundaries of what his income could afford and make accessible to him/her. With a good financial planning a single source income earners could make a better life for himself than a multiple sources income earner who's extravagant and wayward in spending. Life is all about budgeting and planning and when you fail to do so, no matter your sources of income you can't be able to cope satisfactorily well.
That is true that someone can still live off with one single source of income but that's what he has to do, living within his means. Because if someone is going to live beyond his means and he doesn't have a huge source of income and they're just few, he's going to have hard time supporting that kind of lifestyle. Many become broke because they're too worried about their status and always comparing with the life of others. Forget about people being showy of their lifestyles on social media, don't set it as a measurement of how you're going to cope with life.

There is more to life and just live within your means and be happy with what you have currently. If you can have multiple source of income then that's so much better because you're showing and proving that you can do that and you're a responsible person. Don't live with extravagant and don't be too envied with the life of others if they can get what they want. If you can't get what you want, that's fine as long as the bills are paid and you're getting the needs that are essential for our survival. Someday, you'll be able to get those things that you want but for now, you have to keep on working smart and hard.

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