SALARY IS NOT ENOUGH

[uche6215]

With the current economic realities on ground it is suicidal for anyone to still depend on salary for survival as the monthly expenditure of the average individual is far above the monthly income of the ordinary citizen's
 With the economic problems of the world we find our self today waiting for a monthly salary is like you shortly your life Spam by two as you will continue to be a slave to your salary and work.
Off recent I have come to the realization that self reliance and acquiring a skill that will fetch you Money at every given point in time is the best and should be encouraged over going to work where you will be paid peanut at the end of the month.
In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

[Zaguru12]

Everbody wants to be become independent with their own business which is reality but it  cannot happen because we aren’t equal. Personally I don’t have problem with government jobs because sometimes it is only source of income easy to get by poor people. One who isn’t rich cannot have the means to set up his own business right off but actually needed the money go about this and The most common opportunity presented is the company and government jobs this way they can earn some income and even get to start their own business from here.

I have also come to the realization that a single source of income isn’t actually a sustainable one again as we have multiple problems with high inflation this days as such even a two sources of income isn’t consider enough but rather more than that which is still subjected to ones funds.

[SatoPrincess]

Having only one source of income is not enough. You need to have side hustles that are bringing you money to complement your salary. Interestingly, I just saw another topic today on this board that the OP also said the same thing about workers being slave. My opinion is that if you feel you’re not getting paid enough for your work and you know that you deserve better, I advise you find a job that pays both commission and a base salary.

[Yatsan]

With the current economic realities on ground it is suicidal for anyone to still depend on salary for survival as the monthly expenditure of the average individual is far above the monthly income of the ordinary citizen's
 With the economic problems of the world we find our self today waiting for a monthly salary is like you shortly your life Spam by two as you will continue to be a slave to your salary and work.
Off recent I have come to the realization that self reliance and acquiring a skill that will fetch you Money at every given point in time is the best and should be encouraged over going to work where you will be paid peanut at the end of the month.
In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

This is a nice point that dependence on wages only somewhat assumes the nature of modern slavery, mainly when monthly expenses are rather more than the income. The complexity in the contemporary economic system, which has increased inflation and costs much more, makes reliance on wages seem to be somewhat old-fashioned. Emphasis on self-sufficiency and acquisition of skills would be transformational strategies. Enable various persons. Offer them an opportunity and be free from financial constraint. Facilitate personal development. Enthusiastic persons develop skill sets, entrepreneurial skills themselves and multiple income streams leading to financial freedom. This, in some way, is more adaptable as it opens the door to alternative participation in the work. It will allow people to exploit their skills and passions for developing sustainable income. Ultimately, being free from one's career leaves one to lead a more independent and self-reliant lifestyle.

Having only one source of income is not enough. You need to have side hustles that are bringing you money to complement your salary. Interestingly, I just saw another topic today on this board that the OP also said the same thing about workers being slave. My opinion is that if you feel you’re not getting paid enough for your work and you know that you deserve better, I advise you find a job that pays both commission and a base salary.

I agree wholly that it takes one source of risk to make it all unsafe. Especially in our current economy, a side hustle can provide financial clues that we all need right now. Of all the interesting aspects is how the concept of our "wage slaves" keeps getting popular. A potent metaphor for how trapped many people are in their jobs. It is a good loan with both fixed salary and commission: it will ascertain proper compensation for efforts. At the end of the day, it may turn out to be extra work, but, in fact, it can be a path towards more stable employment: seeking better pay. Time for taking proaction for the future-advancement toward financial freedom.

[freedomgo]

It depends on the country you live in and your level of satisfaction. For instance, if you’re in a wealthy country with good benefits for employees, like free healthcare and education, all you really need is to work enough to make ends meet.

However, if you aim for a higher level of financial success, starting a company might be the best route. But keep in mind, running a business comes with risks, and not everyone who tries will succeed...that’s why the rewards can be high. It’s important to weigh your options and do what you truly enjoy. Everyone wants to achieve financial freedom, but it all depends on your satisfaction level.

In our country, I’d say salaries aren’t enough for most of the population. Being in a developing country, wages are low while expenses like rent, food, education, and healthcare are costly. For someone earning a minimum salary of less than $200 a month, life can be a real struggle.

[Wexnident]

~

I'd say it depends? In our country at least afaik a person can still live with their own monthly salary. Doesn't take into account emergencies for the most part though so I guess that's a minus. It also depends on the level of how a person themselves live? I know quite a few people who always seem to want the latest stuff just to make it look like they're at the "top" of the social caste without being able actually to support themselves lol.

And if the problem is reliance on a job that doesn't pay you properly, you can always look for better ones while keeping the one you have right now. And you can do some side gigs even while having a fulltime job. It's a lot more stable imo compared to suddenly just doing side gigs as your entire full time job. I'd only ever do that if my side gig makes enough and is stable/constant enough to actually replace a corpo job.

[JeffBrad12]

A tough situation we live in but it's the truth, sometime salary just doesn't cut it, that's why you also need side hustle, you might say learning skill and all is better than working for a company with low salary, but sometime a man need money to fulfill basic needs otherwise they got nothing for living and the easiest way is being employed.

this is why I also trade heavily on the side, to pay bills and all, it's surprisingly a good skill that I have, though, I won't call myself an expert but it's sufficient enough for me.

if you want to get out of this hellish marathon of just work after work just to have barely enough money to make a living, you should do a different pathway than other people even then there's no guarantee you will succeed, because this path will have so much risks.

[yhiaali3]

Yes, I share your point of view that working in a government or private institution full-time for a monthly salary that is not enough for your monthly expenses is more like slavery. Yes, I have experienced this myself when I was a former government employee, but now I have resigned, thank God, and I work in private business with much higher productivity.

The requirements of daily life have become expensive in most countries, even those rich countries that give high salaries, so you find most people looking for additional work because the basic salary is no longer enough to meet all needs, especially for those who have a family and children.

[Reatim]

In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

It’s true but the system is too difficult to break down now that we have no choice but to accept it and work for these companies at least until we are able to stand in our own two feet. If we know how to find other sources of income and can manage our finances well, we might be able to escape this system. The higher ups do not want you to build a mindset that can threaten their stance. But in all honesty, business is what will get us out of this modernized slavery as you call it.

[Plaguedeath]

Imagine you're live in a country that jobs pays with minimum salary require you have bachelor degree and experience, but you're just graduated from high school and have no experience. You can only work in shit jobs pays lower than minimum salary and you work for 10-12 hours in six days per week.

Someone will suggest to learn new skill and take a college for working people, but how can someone learn a new skill when their full time jobs already drain their physical and mentality, while take a college requires you to pay a good amount of money.

[Jemzx00]

With my current position and salary on my current job, I'd say I relate to your opinion but this isn't really the majority of it. There variety of jobs out there which is enough to provide needs and wants to each individual without having a need of an extra job or side hustle.
Like you've said, we also have a role to provide more skills and abilities to receive a higher position with larger compensation which some companies offer for free by giving certification and training to their employees.
Also, you're more of an asset to the company than a slave as the more you offer, the more compensation you receive like any other businesses out there. But still, this varies depending on the company you work for.

[Iranus]

Everbody wants to be become independent with their own business which is reality but it  cannot happen because we aren’t equal. Personally I don’t have problem with government jobs because sometimes it is only source of income easy to get by poor people. One who isn’t rich cannot have the means to set up his own business right off but actually needed the money go about this and The most common opportunity presented is the company and government jobs this way they can earn some income and even get to start their own business from here.

I have also come to the realization that a single source of income isn’t actually a sustainable one again as we have multiple problems with high inflation this days as such even a two sources of income isn’t consider enough but rather more than that which is still subjected to ones funds.

Honestly, no one wants to be someone else's employee, everyone wants to be the boss but there is a huge gap between thinking and doing. When it comes to ideas, everyone has ideas, but not everyone has the ability or courage to turn them into reality.

Like OP, he eventually realized that working for hire alone wasn't enough to survive, let alone become rich. But what will he do next? Will he invest or start a business but will he have enough capital, experience and courage to step out of his comfort zone? I'd really like to know OP's next move after he realized that being an employee for someone else wasn't ideal.

Life is like that, we don't easily get what we want and sometimes we don't even have any other choice because we don't just live for ourselves, we also have relatives and family.

Everyone has ideas, everyone has dreams...but how many people can turn them into reality? Our world is harsher than we think, it is not as rosy as we imagine.

[pinggoki]

Having only one source of income is not enough. You need to have side hustles that are bringing you money to complement your salary. Interestingly, I just saw another topic today on this board that the OP also said the same thing about workers being slave. My opinion is that if you feel you’re not getting paid enough for your work and you know that you deserve better, I advise you find a job that pays both commission and a base salary.

The problem with this solution is that a lot of people already knows about this solution already and there's probably so many freelancers doing their side hustles that it's the same thing as finding a new job already comparing the amount of available side hustles back then to now, the competition is just much higher and at the same time, there's only so much side hustle that you can do, I also would love to advocate for people to find the time to rest and have time for other things besides wanting to earn more money to survive the current economy, this kind of argument only enables the capitalists to further disincentivize increasing the minimum wage because people are always advocating for doing side hustles instead of living the life outside of work.

[mamesso]

Relying on just one source of income is clearly not enough to cover all daily or monthly needs amidst soaring inflation. As an employee, they always remind that with a bigger salary, the company may not be able to pay more salary to its employees. When it comes to insufficient salary, the basic concept is of course to look for additional income or learn new skills or expertise as a form of investment for yourself for the long term, if you have mastered it, the skill can be used as a new source of income.

[Die_empty]

In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

The increase in the prices of goods and services has made money worthless. You can hardly depend on only your salary to survive. However, many countries have reviewed the minimum wage to enable workers to earn higher. An increase in salaries is not the solution because prices always skyrocket when salaries are increased.

Cutting your expenses at these hard times is non-negotiable. Getting a side might be a good idea since you could even extra cash. Learning a skill in areas where salaries are high is another option. Starting a business can also help to relieve the financial pressure. Regardless of how small, we should also save because we need to invest for the future.

[mindrust]

That's a very common problem everywhere nowadays. People don't want to work anymore because their pay checks are barely enough for their mandatory needs. They want to enjoy the life too and they feel like they are throwing their life away by working. The reason is the inflation of course. No matter how much they earn, it will never be enough because the FED will be printing money even faster. We need to invest in limited supply assets like bitcoin and gold to get out of this mess. Gold has been doing incredibly well recently btw. ATH after ATH and it doesn't look like it is going to stop any time soon.

[EluguHcman]

I am realistically not in doubt that salaries are not enough for individuals with responsibilities or one aim a future target.
Infact, you would be enslave on relying on salaries because your job can always be terminated anytime.

Though some amount of salaries could be much attractive on a long run to meet up some appreciative goals but one thing is sure that everyone wants increase of incomes for as the more our incomes increases is the more we also updates our expenditures.

So at this course is a point why we need to diversify our source of incomes so that even if at the time of financial challenges or inflations our savings and future targets can not be obstructed.

[DeathAngel]

It depends what salary you have doesn’t it. If you are very highly paid then living on a salary with no investments is fine. If you are on a mediocre or low salary then it might be a good idea to invest in crypto or stocks to increase wealth. We are on a Bitcoin forum so I can’t think of a better way to increase your net worth than buy Bitcoin.

[SmartGold01]

In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

You are correct but there are people who don't have choice on what to do towards this because that is the only way they have learned to live and depends on because when they aren't attached there they may find it so hardly to find for another way of earnings. For instance, there are teacher who are above 40-50 years which hoping and depending to be retired and this people can't look for alternative rather depends on their pension to sustain themselves. But for young vibrant youth these people can actually look for alternative were they can through multiple streams of income and some of them may likely involved themselves with freelance job,such as affiliate marketing and some other remote jobs that pays well without depends on only one source.

[MarjorieZimmermanGinger]

With the current economic realities on ground it is suicidal for anyone to still depend on salary for survival as the monthly expenditure of the average individual is far above the monthly income of the ordinary citizen's
 With the economic problems of the world we find our self today waiting for a monthly salary is like you shortly your life Spam by two as you will continue to be a slave to your salary and work.

Surviving on a meagre salary will not give anyone a chance to find a better life as now all forms of goods are going up without exception. But it is far worse when people have no income as compared to those with low incomes because even though our income is low we can adjust. Economic problems are getting harder to overcome by some of the poor people due to the limited jobs available.

Off recent I have come to the realization that self reliance and acquiring a skill that will fetch you Money at every given point in time is the best and should be encouraged over going to work where you will be paid peanut at the end of the month.
In conclusion I am of the view that working for an organization for salary which is not up to half of your productivity in the month is like you giving yourself for slavery and to me is one of the ways the modern world as modernized slavery to be.

If you don't want to be a slave to others, then try to build your own business because even though it's small, you can set your own strategy to develop it and we don't need to be controlled by others. In an increasingly sophisticated world that relies on advanced technology, there are many things that can be done to make money, but we are required to have skills to know which opportunities are more suitable for us to pursue.

Money will be a big problem in human life when someone is unable to produce because everything needs money to buy. Don't give up just because you've failed because the characteristics of successful people are daring to take big steps even though they often fail at first.