SALARY IS NOT ENOUGH

[khiholangkang]

I admit that I myself also get a salary that is not much, besides that of course everyone definitely wants a high salary but not everyone can get it what must be done is to be grateful for what we have received, on the other hand we must also have other efforts, meaning when you already have an income, don't just rely on that, if we are still strong then it is not wrong to look for additional income to get an income that is slightly higher than the main income. The majority of people in my country, all have standard salaries, this can be seen from jobs that are not much different. However, we should not only look up, sometimes we need to look down, because there are still people who have no income or salary at all, so we must be able to be grateful for what we have received, pleasure will be felt when we can be grateful by using our income as best we can.

Yes you are right in talking about being grateful, but being grateful does not mean you feel enough with what you have got, being grateful is an attitude of accepting what you have got to your God, God does not limit humans to get more than what you have got.
If you want to get a bigger salary, then we need to improve our skills, increase our profit opportunities and continue to be consistent in the path you want to take to achieve a salary that can make your life better and much more secure, and of course you can help people who don't have that salary for you to hire in the future, and don't compare you with those who are weaker than you because it won't make you ambitious.

[imamusma]

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.

Currently, it becomes very difficult to support the family with a specific job, therefore, side hustle jobs are necessary in addition to the job.

I guess it just depends on what kind of job you have. Not everyone needs a side job, while most of them only have one type of job. They have a good income which exceeds the family's needs for a month, and they can even invest or save it. A large salary from certain jobs is enough for them, but of course having a side job can help increase income that can be saved and invested.

That's why nowadays there are many job seekers who are working on different sides online in addition to job. Day by day the prices of goods are increasing in such a way that it becomes very difficult to maintain the money of one's own expenses with the salary money of a single job.
Moreover, nowadays the unemployment rate is increasing so much that it is very difficult to get a job and online freelancing is definitely very important at this time. If such a part time job can be done in addition to the small business then the added money of this part time job along with the monthly salary can be very helpful in supporting the family.

Side jobs are really needed by those who are employees. Of course we know that employees do not have a larger income and in most cases they have great difficulty meeting the living needs of their families and themselves. Having more than one source of income is much better, but if they feel their main income is large enough, then it is not too important to pursue side income.

[GideonGono]

It is not enough to rely on single source of income specially if you have a family to support, we need to be prepared or ready for any unforeseen circumstances, an emergency funds should always be prepared, so relying on a single source of income isn't really good unless you're earning so much from it, e.g high positions in company, degree holders, or business owner.

[lixer]

Adding additional sources of income is a must nowadays. The salary that people get from employment isn't really enough unless the salary is one of the highest paying.

But if it's about those people that are into business, you'd see them how good they are at finding more sources of income. They're diversifying once they have mastered already the business that they have established.

More often, it's amazing to see that many from employment that have been tired of cycle of life that they're having, started to explore and build their own employment.

You are right, having a single source of income doesn't cut it in current economic situations, however, as they say, it's easier said than done.

It might be easy for a business owner to have multiple sources of income because they have the necessary resources that they can use to start multiple businesses or make investments here and there to have multiple income streams, but a person who earns a minimum wage will barely be able to do anything because the money they earn is barely enough for them to feed their family for a whole month.

Also, most people who are employed but aren't earning enough find it difficult to try and venture into something they like doing or always wanted to do because they don't have any back up. When you know you don't have any savings or funds that you can use while you are trying to start something on your own, you can't get rid of your current job no matter how good or bad it is.

[EFS]

I remember stories from elders, a generation ago people could buy a house with the bonuses they earned after retiring from work. Now this is just a dream.
It has become difficult even to live on a salary. How will people save money and invest? Living conditions are getting harder every day. It's necessary to invest and create passive sources of income. It's definitely very difficult to live only on a salary but luckily you and everyone else here know about Bitcoin. That should be the starting point to differ us from regular joes.

[Abiky]

I don't think it's wise to compare WW2 with COVID; the detrimental effects of war don't cancel the consequences of the pandemic. Everything has been going downhill after the COVID-19 pandemic; inflation is on the rise, the cost of living has increased tremendously, while the situation doesn't seem to improve, which is why a large number of people, including myself, are pessimistic about the future. Large-scale wars have broken out in Ukraine and the Middle East, without that excluding the possibility of a new one, as tensions are increased between countries such as China and Taiwan, or Serbia and Kosovo.

Older generations were met with vast technological and medical advances and had something to look forward to; their living conditions were constantly improving, while nowadays, the advancing technology is said to be a danger to humanity as we know it.

Exactly. Everything is going downhill at a very fast pace. Ever since Joe Biden became President of the United States, it has been one crisis after another. Bidenomics, right? With Trump, there was peace between countries. Even his administration went as far as improving relationships between Saudi Arabia and Israel. The Middle East and Europe was riding along smoothly. Now it's complete disaster. Constant wars, alongside the negative effects of the COVID-19 pandemic will fade away our hopes of a global economic recovery.

Now Elon Musk and other wealthy people are talking about AI taking over human jobs. Will the situation improves if this happens? I don't think so. Although, every new industry brings new jobs opportunities with it. Inflation is still at large, yet the FED decided to cut interest rates by 0.50 points. This will enable the "money printer" soon (which equals higher inflation in the long run). Just you wait and see. Is this all part of the plan for a global reset? Could be. With CBDCs (Central Bank Digital Currencies) right around the corner, anything's possible. Here's hoping for the best.

[Smartprofit]

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.

It is believed that if you receive a salary at a hired job that is sufficient to pay for food, rent and clothing, then you are a slave.

At the same time, modern employers pay their employees a minimum amount of money. The main goal of any commercial organization is to maximize profits. Profit is the difference between the income and expenses of the organization. Accordingly, by paying a small salary to their employees, organizations maximize their profits.

In addition, they insure themselves against the emergence of new competitors. After all, without initial capital, an employee will not be able to leave the employer and start his own company.

For this purpose, they also try to load the employee with a huge amount of complex and often meaningless work. The employee should not think, this is one of the tasks of any employer.

[Minor Miner]

I don't think it's wise to compare WW2 with COVID; the detrimental effects of war don't cancel the consequences of the pandemic. Everything has been going downhill after the COVID-19 pandemic; inflation is on the rise, the cost of living has increased tremendously, while the situation doesn't seem to improve, which is why a large number of people, including myself, are pessimistic about the future. Large-scale wars have broken out in Ukraine and the Middle East, without that excluding the possibility of a new one, as tensions are increased between countries such as China and Taiwan, or Serbia and Kosovo.

Older generations were met with vast technological and medical advances and had something to look forward to; their living conditions were constantly improving, while nowadays, the advancing technology is said to be a danger to humanity as we know it.

Exactly. Everything is going downhill at a very fast pace. Ever since Joe Biden became President of the United States, it has been one crisis after another. Bidenomics, right? With Trump, there was peace between countries. Even his administration went as far as improving relationships between Saudi Arabia and Israel. The Middle East and Europe was riding along smoothly. Now it's complete disaster. Constant wars, alongside the negative effects of the COVID-19 pandemic will fade away our hopes of a global economic recovery.

Now Elon Musk and other wealthy people are talking about AI taking over human jobs. Will the situation improves if this happens? I don't think so. Although, every new industry brings new jobs opportunities with it. Inflation is still at large, yet the FED decided to cut interest rates by 0.50 points. This will enable the "money printer" soon (which equals higher inflation in the long run). Just you wait and see. Is this all part of the plan for a global reset? Could be. With CBDCs (Central Bank Digital Currencies) right around the corner, anything's possible. Here's hoping for the best.

Personally, I also like Trump better because I believe his economic policies will be more effective than the current administration, but I think it would be unfair to blame the Biden administration entirely for what is happening. Covid happened under Trump and the Biden administration is trying to repair the damage caused by the pandemic. He may not have solved all the problems in his four years in office, but there's no denying that things are improving, with inflation slowly falling below 2% and Fed rate cuts a sign that we're getting better.

The Federal Reserve raising and lowering interest rates and printing money has been going on for centuries, it's nothing new but our economy is still holding up so far, so you don't need to worry too much. Things will return to normal soon and we will have a period of prosperity before things get worse, the economy is also cyclical and we should adapt to that.

[Ferozas]

That is very crazy the point that we are now.
In the past one person would bring him 2 wages, now 1 person brings home 1/2 of a wage.

The big question what is the solution?

[dunfida]

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.

It is believed that if you receive a salary at a hired job that is sufficient to pay for food, rent and clothing, then you are a slave.

At the same time, modern employers pay their employees a minimum amount of money. The main goal of any commercial organization is to maximize profits. Profit is the difference between the income and expenses of the organization. Accordingly, by paying a small salary to their employees, organizations maximize their profits.

In addition, they insure themselves against the emergence of new competitors. After all, without initial capital, an employee will not be able to leave the employer and start his own company.

For this purpose, they also try to load the employee with a huge amount of complex and often meaningless work. The employee should not think, this is one of the tasks of any employer.

When running up a business or a company then of course the main priority that you would really be having in mind is on how you would be able to maximize profits on which it will really be just that normal that you would really be thinking up on how you would really be able to save up on which the primary ones that will really be affected on this one is on the employees itself. On employee point of view then it will really be normal that
you would really be that satisfied on the things that you are really that dealing into because you wont really be having no choice. Just like on what others been saying that there would really be those individuals who would really be that contented on what they do have and there are ones who are really that having the plans on trying out to improve their lives on having other side hustles as much as they could.

We do like to have a good life in terms of finances on which we would really be wishing that we would really be having no problems when it comes to money. We can buy everything we do want but
of course human beings doesnt really that get easily get contented on what they do have.

[Uruhara]

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.

We don't always have to depend on the basic salary we receive from the company where we work. Because now we can even open a business via the internet even though we are still tied to other jobs in the real world. And that will make us have more income. I work in the real world and I also look for additional side jobs on the internet. Apart from that, I am also trying to build my independent business. We just have to be good at managing our finances so that the money we receive can be a tool to increase our productivity. Because in the current era we cannot only depend on one source of income.

[Lida93]

I admit that I myself also get a salary that is not much, besides that of course everyone definitely wants a high salary but not everyone can get it what must be done is to be grateful for what we have received, on the other hand we must also have other efforts, meaning when you already have an income, don't just rely on that, if we are still strong then it is not wrong to look for additional income to get an income that is slightly higher than the main income. The majority of people in my country, all have standard salaries, this can be seen from jobs that are not much different. However, we should not only look up, sometimes we need to look down, because there are still people who have no income or salary at all, so we must be able to be grateful for what we have received, pleasure will be felt when we can be grateful by using our income as best we can.

It takes only a grateful heart to be appreciative of whatever amount he is constantly receiving monthly as a salary because there are a million others that don't really have that privilege, and it's not that they ain't qualified but they just are not opportune to. But with the economic hardship that keeps getting ironically better each day, it then makes it a necessity that no man should be comfortable with one income source but to strive to spread his tentacles across borders to be able to add to what the salary is bringing. Reality is, we now live in a world economy where multiple streams of income is the only way out. 

[justdimin]

There are people who are blessed with high or enough salary. For those who aren't, maybe they can budget it evenly and decrease the quality of their living only for their salary to fit for it. That is only the solution there because sometimes the problem is only on us and not our salary as you know humans are a greedy kind of creatures and they always want more.

We can also follow your advice there of finding extra sources of income if we think it is heavy for us to downgrade our lifestyle. Salary is more stable than any other forms of incomes out there, so it is actually dependable. Salary in a job usually pays every 15th and 30th of the month and investments pays off longer than that, so we will be needing to rely in the money of our pockets if we are a daily spender.

Or they could try to find a job that pays more, which is another option. Not everyone can, but some people do not take risks and I see a lot of people who do not have the will power to learn a new trait. For example for many years people talked about how devs make so much money, and I mean like a lot, these days they are not making as much as they used to, but certainly still make more than most people, there are few jobs who make more than devs.

So, if you are some cashier at some store, why not go home after your job, learn dev, learn coding, learn how to build stuff, and then get a job like a dev in some company? Not saying everyone can, but I see people who give up too quickly. One friend wanted to be an "influencer", in crypto world twitter accounts with many followers do have this as income, what did he do? Tweeted for three weeks everyday, then gave up.

[Jody.Drummer]

I admit that I myself also get a salary that is not much, besides that of course everyone definitely wants a high salary but not everyone can get it what must be done is to be grateful for what we have received, on the other hand we must also have other efforts, meaning when you already have an income, don't just rely on that, if we are still strong then it is not wrong to look for additional income to get an income that is slightly higher than the main income. The majority of people in my country, all have standard salaries, this can be seen from jobs that are not much different. However, we should not only look up, sometimes we need to look down, because there are still people who have no income or salary at all, so we must be able to be grateful for what we have received, pleasure will be felt when we can be grateful by using our income as best we can.

It takes only a grateful heart to be appreciative of whatever amount he is constantly receiving monthly as a salary because there are a million others that don't really have that privilege, and it's not that they ain't qualified but they just are not opportune to. But with the economic hardship that keeps getting ironically better each day, it then makes it a necessity that no man should be comfortable with one income source but to strive to spread his tentacles across borders to be able to add to what the salary is bringing. Reality is, we now live in a world economy where multiple streams of income is the only way out. 

What you said is true, we must be grateful for what we have earned every month because out there there are many people who have no income at all every month besides that with the same circumstances, our current situation is a dream for some people outside who are experiencing financial or economic difficulties. The income that has been obtained must be used as well as possible, even though we think the income is small but it is the result of the efforts we have made.
Considering the income of course everyone wants a high value every month, but of course it depends on our own efforts. We can get a high salary but it seems difficult and only a few people can get a high income but don't be discouraged because at least we have made the effort that we can and as much as we can.

[Abiky]

Personally, I also like Trump better because I believe his economic policies will be more effective than the current administration, but I think it would be unfair to blame the Biden administration entirely for what is happening. Covid happened under Trump and the Biden administration is trying to repair the damage caused by the pandemic. He may not have solved all the problems in his four years in office, but there's no denying that things are improving, with inflation slowly falling below 2% and Fed rate cuts a sign that we're getting better.

The Federal Reserve raising and lowering interest rates and printing money has been going on for centuries, it's nothing new but our economy is still holding up so far, so you don't need to worry too much. Things will return to normal soon and we will have a period of prosperity before things get worse, the economy is also cyclical and we should adapt to that.

Then how do you explain the tightening labor market? Isn't that a sign that the economy is bad? Trying to find a new job these days is becoming extremely-difficult. At least, that's what my friend says. And when you find a job, you realize the pay or the benefits aren't worth it.

Besides, wages/salaries aren't increasing at the same pace inflation does. This new rate cut from the FED, will only increase inflation in the long run. Not lower it. Please correct me if I'm wrong. The economy will never recover as long as COVID-19 and foreign wars persist. Erradicate COVID and broker a peace deal between Russia/Ukraine and Israel/Hamas/Hezbollah/Iran and everything should go back to normal. Otherwise, a dark future awaits for all of us.

[Baki202]

The continuous rise in inflation is affecting so many businesses and many employers are not able to pay workers considering the high cost of buying raw materials, paying for electricity and other miscellaneous expenses in the floor. Companies are folding and the government is doing nothing to make sure that businesses are going back to operation which has affected so many employees trying to manage their expenses with the penny they are being paid. Although their are people that are being paid hugely but we can't compare it to the high number of workers that are collecting penny as salaries.

The continuous rise have affected what ever is available because if you look at demand I don't know for other countries but it as affected demand in every single way because people have come to accept that what they can not buy they will just leave it and it is affecting a lot of businesses and I love the way everyone is trying to cut down cost because of how expensive everything is looking, the cost of bills then follow by feeding which is the most essential. Like in my country a lot of companies are folding up because it is no longer favorable and do you think the government care he'll no. Everyone is trying to manage everything that they can get, to see if they can sustain the business. Not until everything gets extremely worse that is when the government will now decide to look into it, been paid hugely is no longer the thing here how long will your payment keep you up with how the price of things are going up.

[Onyeeze]

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 thing is that we need to have like two or three source of income so that whenever our first generating income get close there will be hope of surviving or hope of living because another two is still existence but many persons does not understand that way that you need to have two different way of surviving, basically if you are trading with Bitcoin you don't need to focus on bitcoin only you need to extend or expand your investment to another way so that whenever once of it's been affected the order will be open so that is benefit of diversification of investment

[Falconer]

I remember stories from elders, a generation ago people could buy a house with the bonuses they earned after retiring from work. Now this is just a dream.
It has become difficult even to live on a salary. How will people save money and invest? Living conditions are getting harder every day. It's necessary to invest and create passive sources of income. It's definitely very difficult to live only on a salary but luckily you and everyone else here know about Bitcoin. That should be the starting point to differ us from regular joes.

That's right, the retirement salary (severance pay) is only enough to meet living needs for 1 year and I can confirm this because this also happens to my family. He was an employee at a government agency who worked for almost 35 years, but his pension (severance pay) was not much. The basic salary he received per month after retirement was the same as when he was actively working, but it was only enough to meet his daily needs for a month. Luckily he had built a house during his working life and also invested in gold from his saved salary, while he was in retirement to enjoy it.

Today we are in a different generation and we know bitcoin. That is a great advantage we have, but only if we are able to take advantage of it. Not many people in my social circle are involved in bitcoin either as investors or traders, but bitcoin is an innovation that is developing very quickly.

[Nwada001]

It is not enough to rely on single source of income specially if you have a family to support, we need to be prepared or ready for any unforeseen circumstances, an emergency funds should always be prepared, so relying on a single source of income isn't really good unless you're earning so much from it, e.g high positions in company, degree holders, or business owner.

For the start, salary earning should be seen as a means to manage and start life. From there, one can be able to set up a goal for himself if there is none existing already. Save up and chase that goal, because before you can start anything in life, you need money, and that money is not what you are going to pick up on the street, especially for those who don't have helpers from home. Learning a skill requires money, and starting up a business also requires money, which is where the salary earning comes in.
 
Salary earning most times can't make someone financially stable or rich, but it can give you a ticket to greatness if you plan wisely.

[Ultegra134]

Exactly. Everything is going downhill at a very fast pace. Ever since Joe Biden became President of the United States, it has been one crisis after another. Bidenomics, right? With Trump, there was peace between countries. Even his administration went as far as improving relationships between Saudi Arabia and Israel. The Middle East and Europe was riding along smoothly. Now it's complete disaster. Constant wars, alongside the negative effects of the COVID-19 pandemic will fade away our hopes of a global economic recovery.

Now Elon Musk and other wealthy people are talking about AI taking over human jobs. Will the situation improves if this happens? I don't think so. Although, every new industry brings new jobs opportunities with it. Inflation is still at large, yet the FED decided to cut interest rates by 0.50 points. This will enable the "money printer" soon (which equals higher inflation in the long run). Just you wait and see. Is this all part of the plan for a global reset? Could be. With CBDCs (Central Bank Digital Currencies) right around the corner, anything's possible. Here's hoping for the best.

To be honest, I don't keep track of the USA's politics; however, I've also noticed what you've pointed out. Trump had far better relations with Russia and perhaps would have handled the ongoing war differently, and the two nations along with the rest of the world wouldn't have suffered so much. From how I see things, although I don't claim to support the candidates, nor does Trump, as he had said some quite dumb stuff during COVID-19, I believe that he managed to resolve crisis situations far better than Joe Biden is.

I honestly believe that the world is going downhill; the increased inflation and tensions between many countries sound like a ticking timebomb to me.