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Author Topic: Invest on your dependants if you too must grow further  (Read 1103 times)
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May 12, 2024, 11:03:25 PM
 #101

Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.
Yes, I totally agree with you on what you just said above about how good it is to optimize making provision on your dependant, because doing well alone as the breadwinner of the family is never the best financial decision to make, because just as it said that a tree can never make a forest, so can a single breadwinner satisfy everybody at everything, Hence, it's important teaching people how to be financially free.  Hence, if you are opportuned to engage your family members to be all financially buayant it else the burden off your shoulders.

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May 12, 2024, 11:35:16 PM
 #102


I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.

Perhaps Africans have such a vision as a cold calculation about not being dependent on those people to whom they, in principle, owe. But in my country, there is a slightly softer definition of everything that the OP wrote.
The fact that parents should raise their children, teach them, and give them an education, the value of which children will understand when they become adults, is natural! This is normal, and this is correct. Telling children they are dependents? No. It was you who gave birth to them. And you owe it to them. And if children grow up to be slackers, it’s again your fault, not theirs.
Family involves relatives, and what kind of family relationships you have will be visible in the children you raise. The more successful they are, the more you realize that you gave them everything you had to give, namely love and the desire for a better life for them.
Dependency might be the word but, duty or obligation over rides it when it comes to the children you’ve got. Your job can never be referred to in that context and having a child means, it’s in your place to teach to that child all that he or she needs to survive in the real world as an adult and what ethics to live by. Let’s not forget, these little ones come to us as clean slates and begin to learn and unlearn through different thought patterns which involves mimicking what they see and hear as well as I been directly taught to them.
So also is the means to define what is important and not, how to be financially responsible for one’s self and the people around them. At some point in life, your ward gets to try being his or her own person and then you would find out what jobs you might have done well or not.

When it comes to friends and other family relatives, yes, it’s also a case of having to teach them what means it would be to fbe financially stable. A tree doesn’t make a forest they say and if all the birds in the forest are to nest on a single tree, you would have a sick tree that would weirder and dies. So does a human that doesn’t care about enriching his or her circle, you don’t get to grow financially as you directly or indirectly become responsible for a whole lot of individuals.
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May 13, 2024, 06:51:10 AM
 #103

If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era.  If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.
Analyzing the history of the births of famous people in the world, it can be seen that most of them came from famous places. So to be economically self-reliant we have to make everyone around us employable, there is no alternative. Therefore the same characteristic is noticeable in a family, such as if a person is the only earner, the financial pressure on him is much more than another earner in that family. So if we want to grow up we have to create another income earner in our family.

Growing up is an action that happens faster sometimes alone and sometimes all together. Everyone's goal is to increase their current income and help those around them live a better life. To do this, the number of income earners needs to be increased.

Sometimes, investing in education or something else for a while may cause the person you invest in to earn income. Even a small positive impact we can make on the people around us will be beneficial in the future.
If a person only wants to grow up alone then he can grow up but there is nothing good in that achievement. Moreover, if one thinks only about his position without observing the situation of the people around him, then he will be considered selfish. In most cases if the number of earners in a family is less then it is natural that the pressure on the earner will be more. He will not be able to fulfill his duties well to everyone. Moreover, in a family which has more members but less earner always lives under stress which increases over time until the number of other members start to earn. A person is judged by his actions. If one can devote himself to the needs of others and stand beside others when need, then those individuals can be benefited.

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May 13, 2024, 04:47:10 PM
 #104

If you want to keep yourself successful, you should also make people around you self-reliant. Because it is not possible to maintain a good position by earning a single income in the family. Because it is difficult to manage a family with a single income in today's era.  If everyone in the family earns, then it is easy for everyone to maintain it. Also, if everyone around you is poor, if you alone are rich, it is not possible to maintain that wealth for long.
Analyzing the history of the births of famous people in the world, it can be seen that most of them came from famous places. So to be economically self-reliant we have to make everyone around us employable, there is no alternative. Therefore the same characteristic is noticeable in a family, such as if a person is the only earner, the financial pressure on him is much more than another earner in that family. So if we want to grow up we have to create another income earner in our family.

Growing up is an action that happens faster sometimes alone and sometimes all together. Everyone's goal is to increase their current income and help those around them live a better life. To do this, the number of income earners needs to be increased.

Sometimes, investing in education or something else for a while may cause the person you invest in to earn income. Even a small positive impact we can make on the people around us will be beneficial in the future.
If a person only wants to grow up alone then he can grow up but there is nothing good in that achievement. Moreover, if one thinks only about his position without observing the situation of the people around him, then he will be considered selfish. In most cases if the number of earners in a family is less then it is natural that the pressure on the earner will be more. He will not be able to fulfill his duties well to everyone. Moreover, in a family which has more members but less earner always lives under stress which increases over time until the number of other members start to earn. A person is judged by his actions. If one can devote himself to the needs of others and stand beside others when need, then those individuals can be benefited.
Humans are social creatures walking alone is not possible or comfortable for any normal human being. So he prefers to form a family in groups. Likewise, it is common for people to find it relatively difficult when taking on family responsibilities alone. If a person gets another earning person next to him he will feel comfortable there too. Thus we can build our family environmental and financial environment in our own hands while going through life.

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May 16, 2024, 08:05:07 AM
 #105

Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.

If you're too proud of yourself, delightful and relaxed without being bothered on how to ease your responsibilities within your home when  you've the capacities to lucrate everyones minds by introducing them or encouraging them on how they can also breakthrough their financial reliances, you'd either end up struggling to have more values to your finances or your relentness engagement on always being the provider could picture you as one of a kind who have the potential to elevate others but chooses to let everyone settled beneath your foots which can actually inspire some negative thoughts on people envying your success.

Buttressing the whole fact, to help people of your responsibilities in staying financially reliable when you've the capacities would as much reduce the level of your expenses with the people in concerned and would enable you to flexibly focus on your personal issues hopefully in your projects of gaining more wealth and enlarging your incomes.

I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.

I  agree with your perspective. As the saying goes, "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."  Empowering our family members with the skills and knowledge to be self-sufficient financially is a far more sustainable and impactful approach than simply providing for their immediate needs.

One valuable lesson we can impart is the power of delegation.  By learning to delegate tasks or even hire others to do certain jobs, we free up our time and energy to focus on activities that generate more income. This mindset shift, away from the belief that we must do everything ourselves, opens up new opportunities for growth and success.

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May 16, 2024, 05:29:16 PM
 #106

Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.
Yes, I totally agree with you on what you just said above about how good it is to optimize making provision on your dependant, because doing well alone as the breadwinner of the family is never the best financial decision to make, because just as it said that a tree can never make a forest, so can a single breadwinner satisfy everybody at everything, Hence, it's important teaching people how to be financially free.  Hence, if you are opportuned to engage your family members to be all financially buayant it else the burden off your shoulders.
It is indeed a smart move to invest on people who rely on you. A man who is wise should always understand this that everyone that comes around you or benefits from you should one way or the other contributing something important into your life. It shouldn't be a criteria but you can make them be useful to you without them noticing. If we do not want to invest in them we can possibly give them a task to do which might have take more time from us if we do them. Time is money and the more time we have the more money we can make.

One simple step to do this is to teach them how to make some money or set up a business that they would be managing for you so that they are not only dependent on you but they are working for you and your paying them which is fair enough.

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May 16, 2024, 05:56:21 PM
 #107

It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...

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May 17, 2024, 09:03:30 PM
 #108

It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
It is good that people are self-reliant in our society but there is some shortage. If they think and implement a new business with their family members it will be very supportive for them. But yes it will be better if there are no elderly children and sick people. If the whole family can do together the work that is difficult for one person then his burden will be much lighter and peace will come to the family.

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May 17, 2024, 09:57:06 PM
 #109

~Snip
It is indeed a smart move to invest on people who rely on you. A man who is wise should always understand this that everyone that comes around you or benefits from you should one way or the other contributing something important into your life. It shouldn't be a criteria but you can make them be useful to you without them noticing. If we do not want to invest in them we can possibly give them a task to do which might have take more time from us if we do them. Time is money and the more time we have the more money we can make.

One simple step to do this is to teach them how to make some money or set up a business that they would be managing for you so that they are not only dependent on you but they are working for you and your paying them which is fair enough.
Becoming a financier for other people's businesses with a profit sharing system is basically quite popular with people. I've considered this before, but definitely have to be very careful when making a decision. I once wanted to invest my money in a jewelry shop with profit sharing at the end of the year, but that never happened after I analyzed the possibilities and risks involved.

Instead of being an investor with profit sharing, I tend to maximize my money by investing in businesses and assets in my own name. I focus on investing in bitcoin and several other crypto assets, this gives me more returns than being an investor in other people's businesses. But of course it's good if we have both at the same time, that means you will have more sources of income.

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May 17, 2024, 10:04:38 PM
 #110

It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
It is good that people are self-reliant in our society but there is some shortage. If they think and implement a new business with their family members it will be very supportive for them. But yes it will be better if there are no elderly children and sick people. If the whole family can do together the work that is difficult for one person then his burden will be much lighter and peace will come to the family.
There are many ideas and things which can happen around the family but for the better implementation and having good results we need to be had fair and honest mind-set as well because recently we are having too many things which are not helpful for the families to grow and have financial independence because we are losing communication and having no get together which is helpful for the all family to grow and have better ideas for the independence in finances which are now creating negativity.

Here in our country now things are going from bad to worse as we are already near to broken as nation due to divide and rule policies by few groups which are not helpful, and they are trying to break strong family's system which are working around for the decades.

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May 18, 2024, 11:31:07 AM
 #111

Instead of being an investor with profit sharing, I tend to maximize my money by investing in businesses and assets in my own name.
There's a different approach being a profit sharer investor type and also being an owner of your own business. I prefer the latter but if I've got some friends or connection that has a trustworthy name on their own game of their business and offers something like this for profit sharing. I'll check first the legality of it before doing a deal and partnership with them. It's being an angel investor and you're also helping them to collect pool of funds for their business expansion or whatever business related use of that money.

I focus on investing in bitcoin and several other crypto assets, this gives me more returns than being an investor in other people's businesses. But of course it's good if we have both at the same time, that means you will have more sources of income.
If you are a business owner, you definitely have the blood of being an investor as well. So, aside from doing stuff from your business. You also have to do things that are more of your passion and likes like investing in crypto assets. We all want to get a better life and that's why we're investing to anything that we think that's going to be worth it someday and not just to dependents of ours as we also try to teach them what we've discovered and learned from investing.

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May 21, 2024, 12:18:59 PM
 #112

As the saying goes, "Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime."  Empowering our family members with the skills and knowledge to be self-sufficient financially is a far more sustainable and impactful approach than simply providing for their immediate needs.

One valuable lesson we can impart is the power of delegation.  By learning to delegate tasks or even hire others to do certain jobs, we free up our time and energy to focus on activities that generate more income. This mindset shift, away from the belief that we must do everything ourselves, opens up new opportunities for growth and success.
I do agree that saying, it is true that you could make a lot more money if you know a skill, compared to just getting paid once. You can give me as much as 100k dollars, which is nearly enough for retirement in my country, but I could still end up being broke if I do not know what to do with it all, I may lose it, or I would just simply spend it slowly and end up with nothing.

But if you teach me a way to make 1000 dollars a month for the next 30 years, then I will end up with no problems at all, I will do a lot better and the results will be greater, it would take me less than 9 years to make that money anyway, and I would be doing fine. That is the most important part, learning how to make money, so that you can keep doing it.

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Lantind
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May 22, 2024, 10:55:01 PM
 #113

It is certainly necessary to help dependents find their way in life and be able to earn money. Various events happen in life and you should always be prepared for the saddest ones. Your family will not be able to survive in this world if it does not know and be able to earn money for itself. If you have the opportunity to help some members of your family start their own business, it will be very good. Unless they're old sick people...
Preparing family members to be able to have an income so that they can survive is our responsibility as parents so that in the future they can be more responsible for other family members and sharing the experiences we have in looking for work will certainly be a motivation for them to keep trying to get a job that can provide income to meet their needs. If you have enough capital, there is no harm in helping family members in building a business, but they must first show interest so that they can use what we have helped and this will also give us satisfaction because we can help them.

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May 22, 2024, 11:58:36 PM
 #114

In my country, there is a saying: don't give fish to a person in need; it may fill his stomach for the day. Instead, teach him how to fish, which will give him the will to survive and meet his needs. Not many people do this because they feel insecure. Maybe the person whom they taught can grow higher than them in wealth. A similar thing is being mentioned in the OP, just our growth isn't going to make a big change. The change needs to take place in a coordinated manner. If a man has grown, his surroundings should also experience the growth. This will make a transition in society, and when the same happens within a family, the better development of the family can be felt.

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May 24, 2024, 07:26:10 PM
 #115

In my country, there is a saying: don't give fish to a person in need; it may fill his stomach for the day. Instead, teach him how to fish, which will give him the will to survive and meet his needs. Not many people do this because they feel insecure. Maybe the person whom they taught can grow higher than them in wealth. A similar thing is being mentioned in the OP, just our growth isn't going to make a big change. The change needs to take place in a coordinated manner. If a man has grown, his surroundings should also experience the growth. This will make a transition in society, and when the same happens within a family, the better development of the family can be felt.
Right, In my country,most people want to get success by pressing poor people.If they are skilled in something,they will not teach to anybody because of the fear of getting less value after teaching him . Always, students become more successful than the teachers and that hurt them. But I am in the favour of teaching to the people if I knows about anything and that is the single way to change the society. If am not only talking about the money but I want to teach all aspects of life. Money is most important in my priority list and we can give skills to the youngesters.

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May 25, 2024, 01:00:17 PM
 #116

The solution is to balance expenses with income. No matter how big your income is, if you can't control your expenses your financial condition will never improve. and the most important thing is how you can save for capital to start a business because by doing business your finances will improve. Start by training yourself to live frugally by buying things according to your needs, not for your lifestyle.

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