how to inform your family about your source of income

[LogitechMouse]

Re: how to inform your family about your source of income

When they asked me where I'm earning money when I'm still new to it, I only say the word "Online" and maybe that's enough for them to think that I'm really earning money online.

While that was true, I still hear people saying around like "I'm not working, and my family is the only one that's working" because they don't see me going out in the morning, going to an office and going home at the afternoon. You know the typical 8-5 job. Nothing surprising TBH especially when you're living in a province where most of the people are earning through the traditional way and not the one that's becoming popular right now and that's working online. I didn't inform about my family exactly how am I earning, and they don't know about my exact income source until now, and I don't think that's relevant still to them knowing that they see that I'm not having a hard time in my life and I'm not asking money to them at all.

As for others out there, telling your source of income to them is a good thing and don't do the same as what I did.

[Onyeeze]

For me I don't think that it is relevant for you to inform your family your source of income except the wife because informing your family your source of income is like someone who is letting everyone in the family to know the method he or she applies to make money so I don't think that it knowledgeable from my own understanding of investment method and also a business method because not everyone in your family can be happy for you to succeed in life I'm not everyone that we like you to be great for life so that is why it is not good to review your source of generating income to your family people

[Nothingtodo]

There can be no hindrance in explaining all these bitcoins to those who openly discuss everything among family members. However, there is no way to explain Bitcoin to those who do not have good relationships among family members. But I have informed my family members about my bitcoin investment long ago and sometimes I get encouragement about bitcoin investment from members.

[ancafe]

In terms of the process I do agree that explaining is really tough as volatile market will give them a pain in the ass understanding how they can make money from this type of investment, and most of those people who got attracted because of money, they will quickly find ways to invest without fully understanding the system.

End outcome they might lose and they will blame the business, though if ever that they find ways to deeply  research and understand the flow, that kind of interest will allow them to a much widely idea on how they will be able to make money from doing this investment, not easy as it is but doable for those who can take time to study and analyze the business correctly.

Something that is easily obtained is not good because people do not learn through the process and for the long term process it will not provide a guarantee. If the income we get on social media by utilizing content, maybe this is easier to explain because they can see directly the videos we make and are paid through advertising methods or so on. It is precisely difficult to explain investment or trading because they will not easily understand the process that occurs in it. But fortunately now there is learning that can be seen in media sources so that when they want to learn to run they can learn first.

Operate investments or businesses must be based on the right knowledge so that if something happens they have knowledge in control. Although in running both risks cannot be separated because they are related to the money spent. But if they understand the pattern in running it will provide an overview before getting involved in it.

[kawetsriyanto]

No matter how much you earn online, live modestly. Don't try to be flamboyant that's when you start turning eye bros.

I agree that we must live modesty. There is no advantage to be flamboyant. Besides it takes people's attention, it just wastes money.
If we have extra money, it is better to use for savings or investment. We don't know how long we can get money from online jobs, it may be no longer exist in the future. If we have savings and investment, we can deal with any possible condition in the future.

And depending on the family you come from - conservative or liberal, one doesn't need to give the details of their online activity. Simply say, you do freelance jobs online will suffice.

Sure, we don't need to explain in details as long as our family can understand our explanation. But sometimes we can't fully avoid to tell it to our family. They should ask our jobs someday because it is something usual in our family. Because of this, we must prepare it with convincing explanation (answer). Even if it isn't a very detail explanation, it should be an answer that doesn't lead to hesitation/confusion.

~~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.

~~But I have informed my family members about my bitcoin investment long ago and sometimes I get encouragement about bitcoin investment from members.

Which one is true according to your story?
In the previous post, you said you didn't tell your parents yet. But you said you have informed them long time ago now.
Anyway, there is no need to tell them if they don't ask anything about your jobs.

[Fredomago]

In terms of the process I do agree that explaining is really tough as volatile market will give them a pain in the ass understanding how they can make money from this type of investment, and most of those people who got attracted because of money, they will quickly find ways to invest without fully understanding the system.

End outcome they might lose and they will blame the business, though if ever that they find ways to deeply  research and understand the flow, that kind of interest will allow them to a much widely idea on how they will be able to make money from doing this investment, not easy as it is but doable for those who can take time to study and analyze the business correctly.

Something that is easily obtained is not good because people do not learn through the process and for the long term process it will not provide a guarantee. If the income we get on social media by utilizing content, maybe this is easier to explain because they can see directly the videos we make and are paid through advertising methods or so on. It is precisely difficult to explain investment or trading because they will not easily understand the process that occurs in it. But fortunately now there is learning that can be seen in media sources so that when they want to learn to run they can learn first.

Operate investments or businesses must be based on the right knowledge so that if something happens they have knowledge in control. Although in running both risks cannot be separated because they are related to the money spent. But if they understand the pattern in running it will provide an overview before getting involved in it.

I like the way you state your opinion, provide the proper guidelines and with good amount of time they might learn and it will help them a lot to understand things out, with that good knowledge that they might developed it will allow them to enjoy especially if they start to catching up and they manage to work their way whatever venue of investment or industry that they choose.

[Zackz5000]

Telling your family about your source of income depends on the kind of family you came from, there are families you will come from even if you tell your parents that your source of is illegal they will encourage you to do more as long your bring money to family they don't care.
At this stage I can't really tell my family that my source of income is online though I have been educating then about cryptocurrency, because they will think am doing internet fruading that's a fruadster because they are Christian but I have a plan of telling them but right now am still trying to convince them that apart from internet fruading there are still other legit ways of making money online which crypto is included so by the time I will finally tell them about my source of income they won't think am into the other way round that's been a fruadster.

[Su-asa]

I have informed my family about my income long before and they are basically aware about my income long before. I usually make my income mainly with crypto currency trading, my family knows and they are quite confident about my income. But since doing all these transactions or trading is illegal in my country, my family informs me about this sometimes and I keep a small business as well as crypto currency trading. But I am not the only source of income in my family but I have more family members who are mainly involved in different incomes due to which my income can have a great impact on my family due to which my income source is not very important.

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself

[Emitdama]

I read a book called The Intelligent Entrepreneur and there is a part where it states that making money is like fetching water in a well, you don't know what to expect and you can't share what you get afterward! sometimes it is best to keep your source of income to yourself for the sake of sanity. People calculate the respect they give you once they know how you make a living, so it is up to you to map the level of respect you get.

But that doesn't apply to our family, I think on the contrary, our family should know the source of the income we have earned so far, not to share or other things, but at least what we have built and earned so far, there are those who continue it or there are those who help it one day when we are no longer able, so I don't think there will be fear of not having our family earn income from the same source, in fact, for the closest family we can help to get it, not the other way around.

I would say it depends on the family, some people do believe that it is a good thing, some people say that it is not a good thing, depends on the family. If you have a family that are supporters of you and would do everything to get you a better life, then letting them know about your source of income is alright, if you have a family that has been a trouble to you all your life then you are going to try to avoid that if you can.

You may have a good family, I certainly do have a good family and let them know years ago, but there are people who are so terrible at parenting, it's really not a good thing and I read online so many bad parents as well, and bad couples too, so it was clear for them to just avoid those people.

[coin-investor]

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

I don't know why its an issue telling your family about your online work when this is the new norm now, The society is changing and we have such things as online freelancing, call center agents and data analysts These jobs are in demand, in fact, there are schools that cater to jobs online.

You just have to enlighten your family about the reality of working online; this is normal, accepted and companies are looking for people to work online, As it's legal, you have to be proud telling this to your family

There's no need to write guides like you've mentioned; these are all a waste of time, Just tell them right away, and your family out of love and trust will understand it.

[ITExpert]

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

 I hope this help some of the youth facing this challenges figure out their problems.
                                   What is your say about this

Yes, this decision is very difficult, but my opinion in this is that you should not tell the family, well, whatever they want, if it is within your budget, give it to them, otherwise, collect it and give it to them. This will not make them guess their income, this will keep their intelligence on you and this will also help you collect small amounts of money that will come in handy tomorrow. Yes, if you want to tell, then don't tell the whole thing, but you should collect the remaining information less than that.  Because of this, there are many people who think a lot about doing this work but they don't.  I am very happy with this because sometimes not having income will hurt us and our reputation.

  Yes, many people will stop you from doing this work because they will say that there is nothing in this work.  And you should also tell your mother and father why what they need and not someone else or even your brother who works outside can contact you if he needs it for any reason.  is  This is the main reason to tell the whole income, we can't add our share of income to it, because if you tell it too, they will know about it and they can take it from you later.

[Furious 7]

I don't know why its an issue telling your family about your online work when this is the new norm now, The society is changing and we have such things as online freelancing, call center agents and data analysts These jobs are in demand, in fact, there are schools that cater to jobs online.

Actually in this case we do not need to be afraid to disclose the work we do as long as it does not violate the norms and is not related to things that are illegal, I think it will not be a problem because in the end the family or closest people will also not experience problems with this.

The reason why we are afraid to disclose our work is of course based on a condition that is likely to become a problem in the future because in the end the family will also not prohibit or intervene when we are on the right track.

I don't know about other people, but I personally live with my small family and always tell them what I do. The reason is simple where I don't want to be suspected of doing something negative and to provide comfort to my partner and small family so that they don't worry too much when I'm at work.

[Fiatless]

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself

I had a friend who invested in an online platform, and he kept it secret from everyone. His wife only knows that he visits a particular website frequently but she knows nothing about the investment. Sadly, he was involved in a vehicle accident and he died. The family only needed his email and password to claim his funds but they couldn't find any. The family lost the money because nobody knew how to access the funds. Someone should know what you do online because life is unpredictable.

[bakasabo]

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself

I had a friend who invested in an online platform, and he kept it secret from everyone. His wife only knows that he visits a particular website frequently but she knows nothing about the investment. Sadly, he was involved in a vehicle accident and he died. The family only needed his email and password to claim his funds but they couldn't find any. The family lost the money because nobody knew how to access the funds. Someone should know what you do online because life is unpredictable.

Is it possible to that family to show that online platform death certificate and get access to his account? Not 100% sure, but if a person dies, even if he did not make any testament, after a period of time, his family get access to his bank account. Family also did not know neither login, not pass, but they get funds. I think that family should read that online platform rules carefully, and with help of a lawyer try to get access. That «online platform»  most probably is something official, not just a «wallet on a pc», to which, if password is lost and owner is no longer alive, nobody would ever get an access.

[dezoel]

I don't know about other people, but I personally live with my small family and always tell them what I do. The reason is simple where I don't want to be suspected of doing something negative and to provide comfort to my partner and small family so that they don't worry too much when I'm at work.

You're a good guy and a good husband/dad to your wife and kids but I think it's also not wrong to have something in secret and it doesn't mean that they are bad things. Also, there are people that even if we are only doing the right thing, they can't help but to think negatively to us but we shouldn't mind them because it will only make us go paranoid and lose our focus on what we are doing. They must be the ones who will end up looking crazy for having that kind of manners or mindset.

I don't know why its an issue telling your family about your online work when this is the new norm now, The society is changing and we have such things as online freelancing, call center agents and data analysts These jobs are in demand, in fact, there are schools that cater to jobs online.

Yeah right. We must be proud in fact and our parents must be proud of it as well when they found out because they can think that it was cool and when someone heard of online job, the first thing that comes in their minds is that the pay rate for it is good but this can also be a misconception since there are still lots of online jobs out there which are only paying less. This is why some says that this still depends on luck.

I won't only say that the society is changing though since the items that you have listed there aren't still new. It is just that during the Covid times people are mostly staying indoors, so this makes them to be highlighted again. Now that Covid is over, a lot of jobs have also been returned offline.

[Alone055]

Is it possible to that family to show that online platform death certificate and get access to his account? Not 100% sure, but if a person dies, even if he did not make any testament, after a period of time, his family get access to his bank account. Family also did not know neither login, not pass, but they get funds. I think that family should read that online platform rules carefully, and with help of a lawyer try to get access. That «online platform»  most probably is something official, not just a «wallet on a pc», to which, if password is lost and owner is no longer alive, nobody would ever get an access.

It's not that big of an issue. We live in 2024, everything can be accessed as long as the devices are available where the accounts or funds are stored. If someone passes away, their devices such as the mobile phone or laptop/pc will be left for the family to have, even if the device has a face lock, fingerprint lock, or any sort of lock, there are ways to unlock it and any software guy with necessary tools can do that, and once the device is unlocked, the same thing can be done with the accounts involved. The person must have had their Gmail accounts logged in on the devices, and that makes it easier to reset passwords and authentication methods.

To be honest, I believe it's easier to gain access to online accounts than to gain access to bank accounts or accounts that are with central authorities because they are going to give you a hard time with the process. It wouldn't be as easy as submitting the death certificate and getting the funds, no, they are going to make you do a hundred things, sign different documents, submit a bunch of documents, and still wait for a very long time before you are possibly given the funds kept in the account of the deceased.

[Republikcoin.com]

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself

This advice you said does not seem bad to be applied by everyone who already has a source of income in forex or crypto trading. But I think it will not be wrong if we tell them about what we do in the forex or crypto trading exchange because we ourselves can also explain the risks and potentials in the market so that those who hear it wisely will definitely understand the market conditions that are not always profitable for all traders. Besides that, keeping it a secret from your own family can also be a bit suspicious because when we have a lot of money from market profits, they will also ask where the money came from so we ourselves must also say it clearly rather than lying to them with various reasons.

[pusaka]

Anything that has to do with online investments should be kept private even from family, they can know about other sources of your income but when you are making money from forex or crypto trade it's better you keep it private because telling them about your profits if they are quite high might start attracting a lot of expectations that you might not be able to fulfill, remember that the financial market is filled with ups and downs, what happens next when they get too comfortable about your income and you blow your accounts, it's better you tell them about your jobs and keep your online investments to yourself

I had a friend who invested in an online platform, and he kept it secret from everyone. His wife only knows that he visits a particular website frequently but she knows nothing about the investment. Sadly, he was involved in a vehicle accident and he died. The family only needed his email and password to claim his funds but they couldn't find any. The family lost the money because nobody knew how to access the funds. Someone should know what you do online because life is unpredictable.

I agree with you, at least someone should know because we don't know what will happen, not expecting, but this is a form of anticipation of something unwanted. Don't we work for them (family)? So when they can't feel it because something happens to us, then it's a shame. Maybe it would be better if we kept it a secret from someone other than family.
Maybe some of our family members don't all understand the digital world or technology, but maybe there is one of them who can be relied on. If we are married, then we can tell our wife, that's a good choice. Yes, maybe op thinks not everyone can be trusted, actually I also agree with that, but I think we can trust family members by looking at their nature and personality.

[Furious 7]

I don't know about other people, but I personally live with my small family and always tell them what I do. The reason is simple where I don't want to be suspected of doing something negative and to provide comfort to my partner and small family so that they don't worry too much when I'm at work.

You're a good guy and a good husband/dad to your wife and kids but I think it's also not wrong to have something in secret and it doesn't mean that they are bad things. Also, there are people that even if we are only doing the right thing, they can't help but to think negatively to us but we shouldn't mind them because it will only make us go paranoid and lose our focus on what we are doing. They must be the ones who will end up looking crazy for having that kind of manners or mindset.

Because after all, openness to your partner or family can actually make a good relationship situation because we don't have to bother to cover everything including work matters.

But even so I don't think that we should always be open because surely we also have to have a special privacy space because not all openness will produce something good but for work issues I will not cover it up because in my opinion it is one of the things that my partner needs to know so that he knows where the source of money I get to support my partner to date.

Not to say that covering up work is considered bad because as I said earlier this is only my own perspective but when there are those who do by covering up where the source of income from their family is for others it is up to each individual because after all we cannot force ourselves to be open when it is difficult to disclose for privacy reasons.

[Lida93]

~~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.

~~But I have informed my family members about my bitcoin investment long ago and sometimes I get encouragement about bitcoin investment from members.

Which one is true according to your story?
In the previous post, you said you didn't tell your parents yet. But you said you have informed them long time ago now.
Anyway, there is no need to tell them if they don't ask anything about your jobs.

True or not you informed them I don't see anything alarming about that being a matured man you're responsible for yourself and how you make a living shouldn't be forced out of you to explain just to satisfy others curiosity. When family members get to have a clue about your source of income and how much money you probably be making, they tend to increase their billing on you base on what they believe you're making either monthly or weekly because it's captured that you can afford it. So keeping them oblivion saves you to a large extend.