Are you comfortable with your basic income?

[JoyMarsha]

Increasing one's income isn't just about working harder, there are things one can do to achieve that and not stay broke when they have an increased income.

Many people have I seen who had an increased income through the different hustles they have, but they don't have better money management that sustains them before the month ends.

However, the advice to separate business money from feeding money is a nice way to start. Learning to save in dollars or assets is a good idea so that inflation won't eat it up. Reinvest the first two months when others spend their first week of profit. That makes your profits double with little effort

[Orpichukwu]

What’s your current job schedule like? Are you a student, or what exactly can you do? The questions I asked above and how free you are can contribute to you getting increased earnings. You can learn new digital skills online, which you can do as a part-time job.

Investment can only preserve your money, and if you don’t have somewhere that increases your earnings as expenses increase, that’s how your income won’t be enough to settle them again.

[Crypto_Timothy]

Give ur candid inputs

I am certainly not okay with my current basic income and I need more ways to increase my money income, I have tried learning new skills so I can try my luck with other sectors different from what I do, you know just trying to explore other options. Well sometimes, I see something that can sustain me for a while but it's never constant for a long while and that's why I'm still trying to find new ways to explore, so I can keep meeting this opportunities.
The cost of things in my country is ever rising and I fear next year may even be worse especially as it is election year, so if someone can secure something before the years runs out then I know I can start the next year well

[Sanitough]

For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Some would be comfortable because they are making high compensation from their basic income. But if you are earning only low minimal income, even those that are not breadwinners will definitely aim for additional source of income.

The signature campaign we have in the forum is already a good start, but since there is no guarantee that we will always keep up with this, we have to apply some online jobs that is related to your main job or something that you got skills and knowledge.

We can also create business based on our passion and do online marketing. Since we have our basic income, its already a good thing to save up for the capital and let it grow as long there is knowledge and good strategies on the business.

[abhiseshakana]

To be sincere there are people who are basically comfortable with their basic income because they aren't attracted to much responsibility..
I would want to know, what are the things you should be doing to increase your income. I know that investment is one of the major thing to do, but aside from investment (Bitcoin investment or altcoin) what other investment you think can increase the income of someone or person as we know?
For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Give ur candid inputs

I prefer earning money in the real sector and my biggest income coming from export  and selling something from my country that demanded aboard. Sometimes I act as an exporter, at other times, I serve as a mediator, specifically when I feel the risks are high and the potential profit does not justify those risks. I think you can try being a mediator to add your income.

Once I ever thought that I have an online worldwide network within this forum which mean being part of Bitcointalk offers a significant strategic advantage for me as an exporter. Direct access to global market without mediator, so i can validate market and find trend or finding new buyer. Easy speaking as the largest Bitcoin forum, the majority of its members are very accustomed to making payments using cryptocurrency which mean ease cross border payment, i can have access to investor and alternative funding and the most interesting and important thing I can ask local residents in the target export country directly about local customs regulations, which commodities are currently in short supply, or for recommendations on reliable logistics agents in their country.

[DanWalker]

Increasing one's income isn't just about working harder, there are things one can do to achieve that and not stay broke when they have an increased income.

Many people have I seen who had an increased income through the different hustles they have, but they don't have better money management that sustains them before the month ends.

However, the advice to separate business money from feeding money is a nice way to start. Learning to save in dollars or assets is a good idea so that inflation won't eat it up. Reinvest the first two months when others spend their first week of profit. That makes your profits double with little effort

You hit on something a lot of people overlook.
Many folks are so busy chasing a higher income that they forget about money management, and without it their finances won't improve much even when income goes up.

Making more money does not necessarily mean you will build up more savings, especially when your spending increases along with your income.

As for investing , be careful tho. Don't  assume it'll automatically double your profit with little effort. Investing comes with risk and nothing's guaranteed. Not to mention the risk isn't just price volatility, it's  also all the black swan stuff outside our control, like hacks or  exchange outages. So again, be careful and always have a plan B.

[yhiaali3]

I don't think anyone is satisfied with their income. Even major investors and businessmen are constantly looking for new sources to accumulate their wealth. Therefore, everyone seeks to increase their income, especially in light of this inflation that eats up every increase in income.

There are many opportunities to improve your income, but this depends on the skills you possess and the losses you are prepared to tolerate. If you have skills for working online, that is the best option, as it carries the least amount of risk.

[Jerrycrypto2024]

The current economy basically most third world countries are been hit harder than before this recession faced during COVID-19 that has brought many challenges fallen many nations economy, as well devaluate their currency kick out many citizens out of work or their jobs, only few can boost of been comfortable with basic income because inflation is already sucking any income that comes into the hand of citizens due to high cost of goods, service as all commodity is at the high side even house rent is not exempted and non negotiable, their cost is the most dangerous thing that makes many citizens income not been comfortable except workers who are working in offshore, onshore and some big reputable company like high tech. Who by some of income diversify by others businesses not solely depending on that very income will claim hundred percent comfortable in this very hard economy.

[Bityar]

For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Give ur candid inputs

You are right but in our life their are some peoples who simple have no other options they just only have one option of income and they are striving it otherwise every one wants to earn money more or they want that their income become doubles. Apart from from crypto there are many ways where you can invest work hard to increase your income. You should learn new skills like ebay amazon digital marketing. You should start a business open a shop or if you have some savings for investment so than you should invest in property or land because it is safe and long term profitable. I think every person should focus on multiple income sources like one physical and one online but you should do everything with your heart and full dedication only then will you succeed in life.

[fruktik]

Once again, I want to return to the topic of investing. Why doesn’t anyone write about the risks associated with this field? After all, that should be the foundation. Read the stories of people who decided to get into investing. How many of them succeeded in this endeavor? Very few. You can count them on one hand. That’s why we need to base our thinking on statistics, not spout nonsense.

Besides, what investment instruments are currently available on the market? Securities, cryptocurrency, or something else? And how many people have lost money in these areas? The majority. That’s why it’s better to think twice—or even three times—before giving advice like this.

[Odusko]

The thing with developing alternative sources of income is that, you must find the one that you have motivation and like for, because running a physical business is not something you jump into, you must carefully select which one fits your preference and how to develop yourself around that, is enough to have desire for extra source income, but very important to check their risks and take lessons from those already in that field to know how to handle uncertainty in the business, this is what we have to realise as the need to increase our income keep increasing with economic reasons, but let be careful not to lose the one we already have while trying to build another.

If you have the money to invest, you can go into transportations, the business requires capital but the turnover is also very good for starters if you have experience of managing your driver's and running a registered car hailing company.

[Dickiy]

To be sincere there are people who are basically comfortable with their basic income because they aren't attracted to much responsibility..
I would want to know, what are the things you should be doing to increase your income. I know that investment is one of the major thing to do, but aside from investment (Bitcoin investment or altcoin) what other investment you think can increase the income of someone or person as we know?
For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Give ur candid inputs

I don't focus too much on the investment sector if I want to increase income. Doing business in the real world, building products or I am now focusing on farming where utilizing available land to produce seeds, fruits and vegetables that can be marketed. As long as there is a profit gap in it, so you can start to pay attention to the surrounding environment and read what people need.

[fighter2627]

There are many ways for us to generate additional income besides the salary of an ordinary employee. just don't forget to be vigilant being investors of course.

Now if your salary is okay and you have a good position in the company you work for, this is a better advantage and opportunity in my opinion.

[Royal Cap]

To me, the best way to invest to get more income is to invest in your skills. As there is a possibility of losing money in Bitcoin or altcoins, along with gaining but a valuable skill always makes room for income generation in the long run. Like people may generate income by freelance through the gain of a new skill along with their jobs. And keeping in mind the current scenario, where everything has been made easy because of AI, we can learn different skills easily by now. I myself am putting some of my efforts into AI video creation. Getting something which will earn me income in the future is far more important to me than anything else.

[Fiatless]

If not for future emergencies, inflation, and other poor economic conditions, I would have been comfortable with my income. It might look like I am not ambitious, but that's how I feel. I don't have the intention of becoming so rich that I can buy anything I want. I cherish peace and spending time on things I love. For example, I would like to spend more time with my family and also volunteer in different humanitarian programs. I would also want to spend time studying and researching different areas of life. Life to me is not about making more money. Engaging in so many economic endeavours to make more money wouldn't give me the time to pursue my goals.

Sadly, I cannot do all these with my present income from my full-time job. For me to enjoy life, there is a need to establish avenues of income flow. A long time ago, it was possible to live a good life with a single income.  Now, I am focusing on investing in agriculture because it might be a viable means to achieve my goals.

[Nokku]

To be sincere there are people who are basically comfortable with their basic income because they aren't attracted to much responsibility..
I would want to know, what are the things you should be doing to increase your income. I know that investment is one of the major thing to do, but aside from investment (Bitcoin investment or altcoin) what other investment you think can increase the income of someone or person as we know?
For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Give ur candid inputs

Long term investment is not a way to increase basic income. short term investment sometimes work. when we think about investment there comes a lost of question in our mind. where should we invest? starting a new business is not a easy task. regarding risk factor is one of the most important concern. you have to gain adequate knowledge about the business you are going to start. online job can be a solution if you get sufficient time after your 1st job. price there is a common say if you save money you earn money. so reducing consumption from your daily expense can be a source of increasing income. though it is quit difficult due to price hike.

[Somegory]

Majority of people aren't comfortable with their income and the only solution to this problem is to find something else to add up, I am not comfortable with mine too but it's all work in progress.

Many people are taking more than one job and that's something I can't do because I care more about my health than anything else, it's better to earn a certain amount of money and have your good health than want to make more and lose your health doing it.

Money isn't everything and humans are programmed not to be satisfied always, even if you are making what you want it's possible that it will never be enough.

[Tamaperdana]

To be sincere there are people who are basically comfortable with their basic income because they aren't attracted to much responsibility..
I would want to know, what are the things you should be doing to increase your income. I know that investment is one of the major thing to do, but aside from investment (Bitcoin investment or altcoin) what other investment you think can increase the income of someone or person as we know?
For me, I am not really comfortable with my basic income and I am looking for a way to expand it to make it flow In a bigger way. As we know, the inflation is really high and everyone is looking for an alternative to double their income so that they wouldn't be that so much affected by the inflation.

Give ur candid inputs

As you said, investing is definitely a great way to increase our income in the long term. But investing also carries the risk of loss. So, yes, it's a good path, but the risks are also significant. So, you need truly secure capital to invest. This way, when something unexpected happens, it won't feel like a threat to your life. Also, speaking of my current income, to be honest, I'm quite satisfied at the moment. I have several jobs, including being a content creator, and I also enjoy trading occasionally. I also invest. So, I'm quite satisfied with my current income. Basically, I can save and invest every month. And my family's living expenses are well covered. So, I think with that, I'm quite satisfied with my income. However, everyone has different needs, so everyone's standards will certainly vary.

[Akaenyi]

Due to economic hardships in many countries you can not comfortably rely only one the same income for a few years, your standards of living will reduce because costs of goods and services must have increased multiple times. To continue enjoying the standard of living that you're used to and possibly to increase it you have to increase your income, it means that you can either get a better paying job, get a side hustle or learn a skill.

It is good to have investments that can increase in value and make you to be rich but remember that you require money to invest, if you don't have sufficient income to take care of your basic expenses it will be difficult to have extra money for investment. Basically being able to afford savings and using it for things that can bring value to you is the way to survive and become wealthy.

[crwth]

I think there's no problem with aspiring to have another income; it's always been the best case because you could, and that's how you would build wealth once you have those multiple streams of income.

The journey right now is to know what you would build, and i think the current world that we have now could rely on something new; maybe you could do a subscription business or something in that area.

It will be different for different people, but i think it's worth trying for people who really want to explore.