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Author Topic: how to inform your family about your source of income  (Read 1407 times)
Tigerheart3026
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August 12, 2024, 12:41:28 PM
 #41

why do i have to tell my family about my income? even i have never needed to disclose my family or friends about my income source.
it's my personal matter and i think it also confidential to me and my family never asked me about it. though i shared some of my friends of mine know about my online income.

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August 12, 2024, 01:04:55 PM
 #42

I am not sure what you mean by "family", like if you are talking about your cousins then yeah hide it if you can. But when we are talking about a married person, your spouse should know what's your income and where you make it, or what you mom and dad knows and how you make it. Those are the three people that should know about your income and how much you make, that is very important subject.

I personally believe that we are going to make it harder on ourselves if we do not let these people know about the situation, we should be making it known to them. Otherwise, if we are talking about like aunts, uncles, or anyone you married into like brother in law or something, yeah those people do not really need to know about it at all.

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August 12, 2024, 01:18:19 PM
 #43

As an adult you don't owe extended family members and casual friends explanation about your source of income, so far you're law abiding and you don't have any criminal records. It's however important to let your spouse to know the source of your income and it'll be good if your siblings know the work that you do. This is because if trouble arises they can be able to attest and stand by you that you're not a criminal. So if it's online work that you're into, you can take your time to explain to them that there are legitimate works on the internet.

Aside from letting your loved ones to know the kind of work that you do or atleast one of them, I don't think that you're under any obligations to tell anybody how much you earn. This is where everybody needs to be discreet, otherwise they might transfer all their financial burdens to you. Infact no responsible family and friends should ask you what you earn, if anyone does, you need to be bold and ask them why they want to know or simply don't tell them what you're actually worth. Except that you're super rich, the more people know your financial worth the more unsafe that you'll be because some can plan to harm or eliminate you.











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August 12, 2024, 01:23:18 PM
 #44

Why do you have to tell your family about your source of income? You are an adult person. You are living your life and your business is your business. Period. I told my mother that I work in the IT sector and that's it. She doesn't know anything about crypto. She doesn't know how much money I'm making(the amount of money I'm currently making isn't big). I wouldn't tell anything about my sources of income to anyone of my relatives-uncles, cousins, aunts, etc... There's no need for me to share with them such information and I can assume that they most likely wouldn't even care about my income sources.
For me, I don’t see anything wrong telling them about your source of income, but when it comes to the amount of your income, no one should know that but only yourself, not even your parents if that is your choice. But talking about spouse, I still believe transparency is compulsory. Your spouse should be aware how much money you are making, and she should also do the same.

However, if you are still single and is living with your parents, I guess they deserve to know what you do for a living, even if you keep privately how much money you are capable of earning.

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August 12, 2024, 01:44:29 PM
 #45

First of all,             
                -know the ideology of your family member about online businesses ; to tell your family members about how you         
                 generate your income online ,you will need to define their ideology about online businesses by doing so you will   
                 know the right manner of approach you will use.some families define any online business as illegal,so if your family
                 is part of these group don't be in haste to inform them about your source of income and instead try to change their
                 ideology or perspective about that first before informing them.

I know how this is because I also belonged to a conservative family, so I can relate, but let me tell you one thing, no matter how conservative your family or your parents are, they will always be happy for you if they see you are becoming responsible and earning money. Of course, you will need to make them understand that what you are doing isn't illegal, but that's mostly not the issue.

Second step, those to inform and those not to inform
                -be cautious  about those you inform ; I'm talking about some family member that deep inside them don't want to
                 see you progress,if you are to inform your family about your source of income inform your closest family i mean
                 your mother,father and sibling.

Remember that you need to open up about these things only to your immediate family which is your parents and siblings, others are your relatives, and you are never supposed to discuss such things with them.

Third and last step, know the amount to mention to your family
               - know the amount you mention to your family;its depend on the basic understanding of the type of family you were
                 born to,by understanding this you will know the amount you are suppose to mention to your family.some family
                 after knowing your income will impose unnecessary responsibilities on you which will stop you from achieving your
                 plans and goal while others will avoid doing that and in any way help you achieve your plans and goal.

As I said above, you should only discuss such things with your immediate family such as your parents and siblings, and I don't think your parents or siblings would put unnecessary responsibilities on you, and taking responsibility for your family doesn't stop you from achieving your dreams. A man feels proud when they become capable enough to do something for their family.

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August 12, 2024, 04:07:13 PM
 #46

I don’t need to tell anyone how I make my money except when lawfully required in an investigation. Why should I want to inform my family or friends how I make my money? I expect my friends and family to know from intuition what kind of a person I am, what am capable of or not and how they could come in to support and not being curious as to how as though, they question the process and integrity. It’s unstained man, they’ve got to use that for a stronghold.
We run our family with income so family members especially parents often want to know how we are earning. my parents ask me many times they try to know whether my source of income is legal or illegal. Even if I don't tell them about my work process, it tells them that my work is not illegal.
Friends are very dear to us. At the same time, we are affected more by friends. So I never share my source income amount with any friends. Many times I hang out with my friends and give them treats but do not discuss about my financial status and income strategies or sources.











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August 12, 2024, 04:07:35 PM
 #47

Why so much bureaucracy on this matter? It should be simple to tell your family about your job and source of income (if you wish to share these informations with them). You don't need to follow a protocol or write a manual to talk to your family. If they have any issues with your job or your source of income size, that is their problem, not yours. Don't feel sad, frustrated or guilty for anything they may reply or think about you.

If you are consciously working on something you are proud of and feel there is nothing wrong on it, it's ok and you should not feel otherwise due to third party's judgements. However, if you are working on something illegal, criminal or shady, then you should stop immediately. Not because of your family, but because it's not going to be benefical and uplifting for you in first place.

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August 12, 2024, 04:11:56 PM
 #48

Only your immediate family (spouse or parents) should know about your source of income. And if they are not tech savvy, it is up to you to explain your job description to them in a way that they can understand. For a teenager living with his parents, it is only right that you tell your parents how you’re now able to take care of your wants and needs. Any responsible parent would be concerned if their child who is presumed jobless (since you do not have a physical job) is spending money and if you cannot explain properly they might think you are into something illegal.

This topic reminds me of a discussion on the forum last year:
My father thinks I'm working in a shop,he didn't know I'm bitcointalking

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August 12, 2024, 04:54:44 PM
 #49

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
 
 To decide whether to tell your family about your income and its source you will need to identify the things i talked about below


 First of all,             
                -know the ideology of your family member about online businesses ; to tell your family members about how you         
                 generate your income online ,you will need to define their ideology about online businesses by doing so you will   
                 know the right manner of approach you will use.some families define any online business as illegal,so if your family
                 is part of these group don't be in haste to inform them about your source of income and instead try to change their
                 ideology or perspective about that first before informing them.

Second step, those to inform and those not to inform
                -be cautious  about those you inform ; I'm talking about some family member that deep inside them don't want to
                 see you progress,if you are to inform your family about your source of income inform your closest family i mean
                 your mother,father and sibling.

Third and last step, know the amount to mention to your family
               - know the amount you mention to your family;its depend on the basic understanding of the type of family you were
                 born to,by understanding this you will know the amount you are suppose to mention to your family.some family
                 after knowing your income will impose unnecessary responsibilities on you which will stop you from achieving your
                 plans and goal while others will avoid doing that and in any way help you achieve your plans and goal.so when you
                 understand the family you belong to, you will then decide on the right amount to tell them as your income.let take
                 an instance about the importance of this.there was this friend of mine ,he was a trader he invested in bitcoin and
                 when he decide to sell his bitcoin its was at its peak and so he got allot of money from that and he decided to
                 inform his family about that .after they knew this source of income they began to bill him on unnecessary thing and
                 him thinking he got allot of money made him pay for all their unnecessary bills. before the blink of an eye he
                 noticed he was almost bankrupted and he began looking for ways to get some money to invest into trading bitcoin
                 and he got zero that was how that friend of mine became poor again and still his family didn't understand and they
                 thought he was just trying to be wicked,he later on convinced them he was poor.                               
                 So what I'm trying to say about this is be very cautious about the amount of income you will mention to your family.
 I hope this help some of the youth facing this challenges figure out their problems.
                                   What is your say about this
I mean as far as everything's concerned unless it's something that is a big deal for your family I don't think you really have to break it to your family where you money comes from. It's not like they have all the rights to make you switch careers, or demand that you give them dividends of what you earn cause what the fuck. And at the end of the day, it's all about how you make your money, and how much money you make, everything else is irrelevant.

Make it a habit to keep things to yourself, cause the more people you tell your job about, the more issues regarding money's going to arise. You'll first see them asking for money, then they'll depend upon you, until they stop working for themselves and depend upon you as their sole income provider, effectively making you a breadwinner by your own volition.

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August 12, 2024, 06:31:16 PM
 #50

One day, my Dad was telling me that he has raised me with a good discipline and has thought me all the things that is supposed to guide me through life and also how to handle my finance and also to raise my own family. So, at my age, my parents doesn't bother to start question me about my nature of job or what so ever. They will not also get scared about my nature of job because they are confident that they have given me a good home training not to ingagge in any illegal activity that will cause me or cause them problem.

If one is living a life where they have to start convincing or explaining to their parents if their job is legit or not, that means the parents are scared that the job might be illegal.
That's what a parent can do as their best ever job. If you raise a kid that can handle themselves then you are going to end up with a good result, it will not matter too much and you are going to be able to handle it easily. We are going to end up with a good result as a grown up if we had parents who raised us well.

When you do that, you are not going to get a result that will be just fine, or something that will not be a big deal or anything like that, if we have something like this, we are going to get no questions asked, because it's going to be just a normal situation without any other situation, it's going to be just fine and we will be just fine. Of course this takes time, but we are going to be fine in the end.

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August 12, 2024, 07:03:26 PM
 #51

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
 
 To decide whether to tell your family about your income and its source you will need to identify the things i talked about below


 First of all,             
                -know the ideology of your family member about online businesses ; to tell your family members about how you         
                 generate your income online ,you will need to define their ideology about online businesses by doing so you will   
                 know the right manner of approach you will use.some families define any online business as illegal,so if your family
                 is part of these group don't be in haste to inform them about your source of income and instead try to change their
                 ideology or perspective about that first before informing them.

Second step, those to inform and those not to inform
                -be cautious  about those you inform ; I'm talking about some family member that deep inside them don't want to
                 see you progress,if you are to inform your family about your source of income inform your closest family i mean
                 your mother,father and sibling.

Third and last step, know the amount to mention to your family
               - know the amount you mention to your family;its depend on the basic understanding of the type of family you were
                 born to,by understanding this you will know the amount you are suppose to mention to your family.some family
                 after knowing your income will impose unnecessary responsibilities on you which will stop you from achieving your
                 plans and goal while others will avoid doing that and in any way help you achieve your plans and goal.so when you
                 understand the family you belong to, you will then decide on the right amount to tell them as your income.let take
                 an instance about the importance of this.there was this friend of mine ,he was a trader he invested in bitcoin and
                 when he decide to sell his bitcoin its was at its peak and so he got allot of money from that and he decided to
                 inform his family about that .after they knew this source of income they began to bill him on unnecessary thing and
                 him thinking he got allot of money made him pay for all their unnecessary bills. before the blink of an eye he
                 noticed he was almost bankrupted and he began looking for ways to get some money to invest into trading bitcoin
                 and he got zero that was how that friend of mine became poor again and still his family didn't understand and they
                 thought he was just trying to be wicked,he later on convinced them he was poor.                               
                 So what I'm trying to say about this is be very cautious about the amount of income you will mention to your family.
 I hope this help some of the youth facing this challenges figure out their problems.
                                   What is your say about this

What a load of bollocks, what AI generated crap did you pull for this? You do know that 99% of the world don't try to hide their main job and it's a key component of who they are, why would you need to write a guide on how to share this information with your family, it's ridiculous quite frankly. Your friends and family should be supportive of you however you try to make a living, or are you trying to suggest that people who make money through unorthodox means like adult work might not what to share? It's weird how you've verged into mentioning bitcoin as if it is some kind of shameful activity, when most people around here are perfectly comfortable with it and happy to educate others around them.

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August 12, 2024, 09:29:24 PM
 #52

My family knows everything about my income but I never told my family anything about bitcoin income till now. Yes, but it is better to inform about the source of income among the family members because sometimes the matter becomes different when the source of income is questioned by the family members. But I haven't told my parents about my bitcoin forum income till now because they are completely ignorant about bitcoin and if I tell them they will take it very seriously that's why I haven't explained it to them till now.

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August 12, 2024, 09:30:31 PM
 #53

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
 
 To decide whether to tell your family about your income and its source you will need to identify the things i talked about below


 First of all,             
                -know the ideology of your family member about online businesses ; to tell your family members about how you         
                 generate your income online ,you will need to define their ideology about online businesses by doing so you will   
                 know the right manner of approach you will use.some families define any online business as illegal,so if your family
                 is part of these group don't be in haste to inform them about your source of income and instead try to change their
                 ideology or perspective about that first before informing them.

Second step, those to inform and those not to inform
                -be cautious  about those you inform ; I'm talking about some family member that deep inside them don't want to
                 see you progress,if you are to inform your family about your source of income inform your closest family i mean
                 your mother,father and sibling.

Third and last step, know the amount to mention to your family
               - know the amount you mention to your family;its depend on the basic understanding of the type of family you were
                 born to,by understanding this you will know the amount you are suppose to mention to your family.some family
                 after knowing your income will impose unnecessary responsibilities on you which will stop you from achieving your
                 plans and goal while others will avoid doing that and in any way help you achieve your plans and goal.so when you
                 understand the family you belong to, you will then decide on the right amount to tell them as your income.let take
                 an instance about the importance of this.there was this friend of mine ,he was a trader he invested in bitcoin and
                 when he decide to sell his bitcoin its was at its peak and so he got allot of money from that and he decided to
                 inform his family about that .after they knew this source of income they began to bill him on unnecessary thing and
                 him thinking he got allot of money made him pay for all their unnecessary bills. before the blink of an eye he
                 noticed he was almost bankrupted and he began looking for ways to get some money to invest into trading bitcoin
                 and he got zero that was how that friend of mine became poor again and still his family didn't understand and they
                 thought he was just trying to be wicked,he later on convinced them he was poor.                               
                 So what I'm trying to say about this is be very cautious about the amount of income you will mention to your family.
 I hope this help some of the youth facing this challenges figure out their problems.
                                   What is your say about this
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August 12, 2024, 09:35:36 PM
 #54

Only your immediate family (spouse or parents) should know about your source of income. And if they are not tech savvy, it is up to you to explain your job description to them in a way that they can understand. For a teenager living with his parents, it is only right that you tell your parents how you’re now able to take care of your wants and needs. Any responsible parent would be concerned if their child who is presumed jobless (since you do not have a physical job) is spending money and if you cannot explain properly they might think you are into something illegal.

This topic reminds me of a discussion on the forum last year:
My father thinks I'm working in a shop,he didn't know I'm bitcointalking
Exactly my point. If you live under the roof of your parents, then they deserve to know your source of income so they will know whether you are doing things legally or illegally knowing they have seen you spending your own money. That way, they will be at ease thinking that you are doing good on your own and you have a reliable source of income or investment that will provide you consistent flow of money.

However, if you are in a married relationship already, your spouse must also be aware what you have been working through that makes you earn some money, at least your partner will think that she's also secure with you financially.

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August 12, 2024, 10:37:27 PM
 #55

My family knows everything about my income but I never told my family anything about bitcoin income till now. Yes, but it is better to inform about the source of income among the family members because sometimes the matter becomes different when the source of income is questioned by the family members. But I haven't told my parents about my bitcoin forum income till now because they are completely ignorant about bitcoin and if I tell them they will take it very seriously that's why I haven't explained it to them till now.
It's good to know the origin of the foot, but I wouldn't say I like knowing how everything turned out. One knows the source of income from which I earn, but I never share with them the income that can be earned from this world of cryptocurrency, and I will never discuss it with them in the future because they don't know and understand about it. I consider the income from this forum and the world of cryptocurrencies to be an optional income in addition to my work.

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Nothingtodo
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August 13, 2024, 06:12:55 PM
 #56

My family knows everything about my income but I never told my family anything about bitcoin income till now. Yes, but it is better to inform about the source of income among the family members because sometimes the matter becomes different when the source of income is questioned by the family members. But I haven't told my parents about my bitcoin forum income till now because they are completely ignorant about bitcoin and if I tell them they will take it very seriously that's why I haven't explained it to them till now.
It's good to know the origin of the foot, but I wouldn't say I like knowing how everything turned out. One knows the source of income from which I earn, but I never share with them the income that can be earned from this world of cryptocurrency, and I will never discuss it with them in the future because they don't know and understand about it. I consider the income from this forum and the world of cryptocurrencies to be an optional income in addition to my work.
Of course anything I gain from this Bitcoin forum is my optional gain.  It gives extra benefits to my family.  But I share what I earn with my family and let them know that it is my income from any source.  Initially though my parents had a lot of difficulty in explaining this bitcoin forum in detail but now again my parents understand this.  But I think it is better to inform your family members about the source of your income.

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August 13, 2024, 11:11:13 PM
 #57

Long story cut short. I do not have to start writing or making analysis on how to tell my family the nature of job or work i do online. At the end of the day what you tell them is what they will rather believe or not believe. I tell them i work remotely as a web developer then they have all the resources to go search the meaning of it, how the work strucutre is and the pay rate per annual. However, i do not know the reason why they will be so interested in how much i earn they only need to know what i do incase they do want to refer someone to me or know where i work for safe purposes.

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August 14, 2024, 01:54:27 AM
 #58

For me personally, I don't have too much trouble telling my family about my online income, because my family understands what freelancing is, so I explain to them that I work on forums as a freelancer. Maybe it's quite different from what I do here, but at least my family understands what I do and I don't do bad things to earn money. Because if I explain in detail about what I do, maybe they will be a little confused and not understand what I'm saying, especially since they have very little knowledge about bitcoin.

R


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August 14, 2024, 02:42:04 AM
 #59

I know some people working online find it hard to decide whether to let their family know about their income and its source. this problem is one of the major problem that youth working online in some countries are facing. so today we are going to talk about this.
I don't know why it is hard though, if you are talking about the youth, obviously their parents and their families are going to know what they are doing. And I know a lot of those young generations who earns good money is helping their family. I personally know one individual who prior to the pandemic was doing youtube content until he become so successful that he was able to build a house for him and his mother. Unfortunately, he passed away. But my point is that if you are earning good money, and as a young kid, you can help your family from the money that you are getting. And for sure, you don't need to explain whatsoever, where the money is coming from. Unless you are doing illegal stuff that your family might question you on where you are getting that money to help them.

R


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August 14, 2024, 07:20:37 PM
 #60

Snip

Any parent that can't easily digest the true means of their children ways of earning is threat to digitalization. I'm not sure if this problem exist in western part of the nations, but it's a problem here where I stay and I must confess, my own family are woke parents, they understand the internet has evolved for the best where people can make money and the fact that my schedule on the internet is mixed together with my office work, they are the best understanding group of people I ever know.

If there is evidence of mean of payment, there is source and there is evidence of work, there shouldn't be any dramatic questions to banter someone who earn money. I'm very sure the child understands the adverse effect of doing bad and if he doesn't know, I will inform him or her about the negativity, it is left for them to chose between good and bad. If they don't follow the the good step, they will take the consequences later.

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