Going bankrupt while working

[uneng]

What should happen is that people became more interested and educated on economical matters, on how the economical system works, on why prices are so expensive and keep increasing without limits. If they had that knowledge, they would become more critical on the real reasons why such issues are present in society, therefore they would know from where to start solving these problems.

Nothing changes for real, because people are ignorant and disinterested in such matters. They want to complain and ask for ready solutions, although they know nothing about it, and once someone starts pointing them on a feasible direction, they are easily manipulated by those in charge of power to become hostile against the ones who propose potential solutions which could benefit the society as a whole.

Since that is how reality works, it's simply waste of time to talk about what should change. It's definitely not going to change. We have to deal with this fact. Social causes are doomed to failure. People have just become too different from each other. There isn't a common element to unite us anymore.

Work hard, do your best, pray for God to give you motivation and health along the journey. And then you can overcome the difficulties faced step by step, progressively.

[Alpha Marine]

So I ask you, what do you think should change for the working man to be in a better spot among all this?

We will keep getting worse because instead of tackling the actual issue, everybody is looking for ways to work harder and earn more, but we forget that the more we work and the more we earn, the more the cost of living keeps going up and the cycle continues.
Currently, I earn more than my father was earning when he was my age, but he was able to train 2 people in school at my age. Right now, I can't afford the things he could afford, not because I don't work hard, not because I don't earn but because the cost of living in my country is astronomically high.

What we need to is find a way to reduce the cost of living and only the government can do that. I understand that its nit that bad in other countries, but its extremely bad in mine. Until government put the right policies in place and find a way to bring down the cost of living, the suffering will continue for the greater population.

[Plaguedeath]

There's no option, all you need is thinking how to make money in every possible way.

This including illegal, dirty, sins or no moral jobs, fuck off with people who said to avoid working at such jobs, they don't understand how the reality only respect to people with money.

However, make sure you not pick the high risk jobs like becoming drug dealers or something that lead you to be in jail. Being jailed is really not worth it if the reward you get is smaller than getting jailed.

[Hewlet]

A larger percentage of the the population is unable to save anything now than pretty much anytime before in recent decades.

unfortunately, we have to adapt to the fact that inflation is a serious concern we have to deal with not just in the short time but in the long run. the pay for most jobs have not increased while the price of goods and services for most instances has increased exponentially. fact is that if you are still doing the conventional jobs, you must always eat from hand to mouth and savings will totally become impossible for you to achieve. the only way not to get bankrupt in the midst of the prevailing reality is to multitask or find a way of doing other jobs that can complement whatever little income you are earning from your primary job. a single job is never going to be enough to meet your needs and starting up a new business takes a huge capital before you can even get started. skills is good but when you are of an age where getting new skillset becomes difficult, you just have to look out for additional job for stream of income that can sustain you.

[Lucius]

~snip~
So I ask you, what do you think should change for the working man to be in a better spot among all this?

What should happen, maybe a global strike/rebellion against the system that allows a small percentage of people to constantly get rich at the expense of ordinary people who serve them as modern slaves? Of course, it is illusory to expect that something like that could happen, because even the biggest protests fade away over time without changing anything radically.

Ordinary people find themselves in a vicious circle that simply does not allow for change - because if they protest they may lose their jobs or not be paid for the days they do not work - and the bills have to be paid, the children fed and the taxpayers will eventually ask for their share.

However, not everything is so black, because every person has freedom of thought and his own creativity - which means that he can decide at any moment to start his own business, move to another country or make any other radical (positive) change that can bring progress in life.

[Natalim]

With today’s everything around is expensive, saving is not the priority anymore, but daily’s survival is more than good enough. If you can eat 3 or 4x a day, that’s already something to be grateful of. However, we all know this is not the ideal one.

It would be much better if we can still allocate some extra funds for savings and for emergency funds. And for that to happen, we need to get out from our comfort zone. Get some extra job that will suit your interest and skills. That will be a great relief already since we can reserve some extra funds already that we can save and invest in the future.

[Faisal2202]

The feeling a worker gets is increasingly being driven out of everything.
You can't buy the food you like, you can't spend on going out, you can't go on trips.
You can't rent in the neighborhood you grew up in etc...

The economy has recovered since COVID and kept doing ok, but the large numbers don't represent more individuals.
The salary has not gone up as much as the costs. Life is too hard now and even with two income earners in a household, expenses are so much you have to give out all your money to pay stuff without being able to save much if at all.

A larger percentage of the the population is unable to save anything now than pretty much anytime before in recent decades.

So I ask you, what do you think should change for the working man to be in a better spot among all this?

I don't know about you, like how much you make, and how big your family is and what's the current pay in your country, how's inflation is there, etc. etc. But speaking of myself, here a normal pay if counted in dollars for a month starts from $100 and don't get the idea that here people don't work for even less money, I have seen people working for whole month giving 12 hour shift for $70 a month too.

Although that's too rare as it happens only in most backwards areas, overall pay starts from $100 and this for single person is enough alone, as one person can make living on $100 easily in my country for whole month if he/she have no medical or other accidents. But for a whole family like 3 to 5 members it's not enough you have to make at least $300 to $500 per month for a middle class living. This money is not a big deal in developed countries and making this much money in those countries is not a big deal too but here it's a big deal.

[stomachgrowls]

With today’s everything around is expensive, saving is not the priority anymore, but daily’s survival is more than good enough. If you can eat 3 or 4x a day, that’s already something to be grateful of. However, we all know this is not the ideal one.

It would be much better if we can still allocate some extra funds for savings and for emergency funds. And for that to happen, we need to get out from our comfort zone. Get some extra job that will suit your interest and skills. That will be a great relief already since we can reserve some extra funds already that we can save and invest in the future.

Totally situational because not all will really be having on the same state when it comes into their kind of job and the skills that they do have and also with the mentality that they do have. If it turned out that you are just earning sufficient just to have that daily living then still be grateful for what you do have but i do agree that this one isnt ideal and its impossible that as an individual you wont really be thinking off about the probabilities about making your life way more better on which you will be having this kind of mindset and ideas that you can deal up with other things as well. It will really be that up to you on how you would be handling up yourself on such condition on which this one wont really be easy.

Even having your day job wont really be guaranteeing out that kind of success because if you do really just live on paying up your bills then you are just that living a life on where its only good that you can eat 3x a day and just paying up bills and debts and then whats next? Some people do say that its just that finding up some other opportunity on which this one is possible but it wont really be that simple no matter what you do. Different life conditions and situations that we do have as an individual on which its normal that you do need up to take up such step if you do really want to have such progress.

[Rockstarguy]

So I ask you, what do you think should change for the working man to be in a better spot among all this?

Keep working and just try to double it up in whatever way you can and don't have in mind to just depend on salary, just try to invest from the money that you and with time your investment can be profitable which you may not struggle to get the basic things you want. In life their is time and season, one needs to be hard working and patience believing that with time everything will become better.

Another reason. Why things may be difficult for some works is that they do not know what they want by going for the basic things and they lack money management by going for what they can afford to lose.

[jaberwock]

Even we do want something better but due to lack of opportunity then its really that something inevitable when it comes into this aspect and we dont really have any choice. We do know that this is indeed the reality on here the world we are living on, on which we are living in a world on where we do really struggle up because on the moment or time that we do just solely focus on our paycheck with our dayjob and living with having only that enough for day to day survival then its really that hard but of course there's nothing we can do since this is how we do live our life and we must able to survive. It just turned out that you cant find yourself on having some other options because of lacking some opportunity or does lack out of doing self action.

When you are on a tough situation on which you do look yourself having some hardship on living in terms of finances then the best thing to do is to make yourself finding up another opportiunity on which you  can be able to obtain even more money aside from your job. You can also deal up with investment or business if possible but this will be requiring up some capital for you to make up such action but of course on this action wont really be giving out some guarantees that you can be able to do it On the time that you have been thinking about these actions then you should be doing to act accordingly so that you wont just stick on simply planning.

I think there is already an opportunity there. What about the job? If there is something that we lack here, that may be contentment because we still crave for those things that I'm sure can be said to already as unnecessary. Another thing that we may lack of is budgeting. We still can do something about it in order for us to feel great again. Saying that finding another opportunity or sources to earn money is not always easy. What if we are already a full-time worker?

If it is about about investing money, we may also lack on money for it to get started. If we badly want this, we need to fix our current life first. As for the job, we might mostly need a luck here like for example our boss put us in a better position with less working ours and workload. That is if we are already doing well in their company.

[Stepstowealth]

So I ask you, what do you think should change for the working man to be in a better spot among all this?

A working man has to obsessed the with the idea of making money so that they never get too comfortable with any financial position that they are currently occupying. If it is a skill, there is a need to try to make sure to be better, that is improving on it, or seek other ways to make money outside what you are already into. Spending money is inevitable so there is need to make more. Workers who go bankrupt have poor financial practice. They did not make efforts to save money, same time no effort to better their skills to make themselves indispensable.

[Unknown Op]

So I ask you, what do you think should change for the working man to be in a better spot among all this?

It is what it is, a large percent of people working in my country live from paycheck to paycheck, and yet they cannot still survive as they have to also add debt to that, so by the time the next salary comes, they already have debts to settle and not long after that, they have to borrow again, rinse and repeat.

There are things we can do though, we can try and increase our earning, that is by learning more skills and taking up more part-time jobs, with more earning, we can have enough to feed and live on and still have some left for long term investment, with more investments we are closer to breaking out of poverty.

Absolutely right. If any country is facing inflation then should deal by doing hard work. China is the example of that because where all people of family do work,even grand father and grand mother for the meal and it is the reason that they are economic power. People should learn from the that kind of public. They should get knowledge of cryptocurrency because that is future of whole world and they should learn how to do business and if any country has more employees then that country will be poor could and if that could has more business owners ,even they are small business owners and they will play important role in the economy of country. Now in many countries free lancers are earning good and they are making their economy strong.

[uchegod-21]

There used to be a time in my country when employees lived comfortably because what they w being paid was enough to afford their basic needs and help them save too. But now, alot has changed about the economy and even a pay raise cannot solve the problem. Many workers even use up their salaries before the next pay day. In this Current economy, any worker who still depends on only his salary is not ready for growth. Lots of workers are already being conscious of the economic situation in the country and have managed to invest in various investments and also carry out part time jobs that does not interfer with their main jobs. Although this effort put in by workers to increase their cash inflows can be mentally, emotionally and even physically draining these workers, they do not have any other option because the government can no longer help with the constant price increase of every good and service.

[Fortify]

The feeling a worker gets is increasingly being driven out of everything.
You can't buy the food you like, you can't spend on going out, you can't go on trips.
You can't rent in the neighborhood you grew up in etc...

The economy has recovered since COVID and kept doing ok, but the large numbers don't represent more individuals.
The salary has not gone up as much as the costs. Life is too hard now and even with two income earners in a household, expenses are so much you have to give out all your money to pay stuff without being able to save much if at all.

A larger percentage of the the population is unable to save anything now than pretty much anytime before in recent decades.


So I ask you, what do you think should change for the working man to be in a better spot among all this?

Younger generations like to think that these things only ever applied to them, and sure it has got slightly harder as time passes, but each generation in the last 50 years has probably faced very similar challenges - always thinking they have it must worse than their predecessors. Even if it is true, one thing that will make you a winner in life is adaptability and somewhat trying to read the future. In the current age, that means it is getting tougher to become a writer or graphics designer because AI has replaced certain functions in this area - so if you do become one you have to be exceptional quality. The best thing you can do, as always, is either try to pick a quality higher level education course or get stuck into a trade like electrics, building or plumbing.

[DeathAngel]

The cost of living has risen dramatically in the last 4 or 5 years. I think it affects all of us, no matter how wealthy we are. What you could buy from the supermarket for $40 a few years ago now costs $65 or $70. It’s not just that though, my utility bills are more than 50% higher than they were. Gas for my car is more, seemingly everything costs more. The average person can’t do much except change their spending habits.

[Yaunfitda]

So I ask you, what do you think should change for the working man to be in a better spot among all this?

It's really very hard though, even with two jobs, still not meeting the needs of yourself or your family. And then you can save money as you wanted before in the first place your salary is not enough. So I guess you really need to improve yourself and be competitive in the market so that you can look for higher salary paying jobs, a good 9-5 job, corporate one. And most likely it's were education enter the picture, I mean if you are at least a graduate with a degree under your name then maybe you can get a decent job itself. So it's really very important that you get your education no matter what specially in the current situation. But if you are really tight, then you should budget your salary and maybe you can still save some money.

[tottong]

The feeling a worker gets is increasingly being driven out of everything.
You can't buy the food you like, you can't spend on going out, you can't go on trips.
You can't rent in the neighborhood you grew up in etc...

It all happens because we don't have money or even on the contrary we are going bankrupt in business or starting to lose jobs that can make money.
There are many people who alternately experience these conditions, but the level of financial management skills can affect their lives for the worse or can survive before getting back on their feet and that's why we need to prepare finances to be more focused and measured.

The economy has recovered since COVID and kept doing ok, but the large numbers don't represent more individuals.
The salary has not gone up as much as the costs. Life is too hard now and even with two income earners in a household, expenses are so much you have to give out all your money to pay stuff without being able to save much if at all.

A saving step is needed in conditions like this and you are required to open up avenues to make money in some other places.
Don't let the conditions make us feel helpless but do something so that these steps can help us get out of trouble.
Now I only earn my own money because my wife doesn't have a job but I'm still lucky enough to be able to enjoy life in peace and comfort.
When the income we earn is small, this is where the ability to control and management is needed to manage finances so that all the necessary needs are met and also don't forget to think about future steps by making a percentage of investment or savings.

[Darker45]

I guess the working man should just improve his skills, achieve things, add feathers to one's cap, make his curriculum vitae amazing, make himself more valuable. In other words, the working man should make himself expensive.

In addition, another job would be of great help. One could also start a business. An investment here, a passive income there, would also contribute a lot to make one's life better.

At the same time, of course, everybody should contribute a little pressure for the government to shape up.

[Richbased]

The economy has recovered since COVID and kept doing ok, but the large numbers don't represent more individuals.
The salary has not gone up as much as the costs. Life is too hard now and even with two income earners in a household, expenses are so much you have to give out all your money to pay stuff without being able to save much if at all.

What i figured out in the life of people is just that majority of people who are salary earners, always want to live above their standard regardless of the fact that they ain't earning enough to meet their daily demands. It is true that the cost of living is very expensive now but will increment in earning actually solve the problems of human wants not being satiable?
   
It is obvious that a lot of people can never be satisfied regardless of how much they earn because you will see someone that their salary was increased, instead of living at their standard they will rather involve in things that will make it looks as if they are not earning enough money.

There is no need to increase one's status when your salary is being increased until you have met a target like adding to your source of income by opening a business that will generate more income for you while you are still earning from your basic salary and everyone should learn to save money for the future even when we feel we ain't earning enough because someone who can't take out money from their little salary to save will still find it difficult to do so if their salary increases.

[mindrust]

govs closed down the economy and printed money to make things better but little they know, it only made the situation even worse.

It is like you started a fire, which was a mistake, I mean nobody lights his home on fire knowingly, everybody makes mistakes sometimes, and then, to put the fire down, you put gasoline on it instead of water. At this point one can be sure that both of these actions weren’t mistakes. It was either intentional or sheer stupidity.

Stopping the world economy wasn’t a mistake. Printing more money was indeed not a mistake. (I mean it was a mistake but what I mean is it wasn’t unintentional). So that leaves us to two possibilities. Either the govs were stupid or they did it intentionally.

I don’t think they are stupid.

They did this us to us to make us poorer.