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Author Topic: Are you comfortable with your basic income?  (Read 575 times)
Brizi5000
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Today at 06:27:53 PM
 #81

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
Human wants are highly insatiable, you’ll always want more even if you might seemingly have had enough to take care of your basic needs. Sometimes it’s not just all about having numerous sources of income, what matters most is your ability to manage your finances properly and this gives rise to having a good financial management skills. There’s nothing bad in wanting more sources of income to increase your earnings but even with the little one you currently have you can still be able to make a very good account of it if you have a good financial management skills and discipline. Sometimes what makes most people struggling to meet up with their basic needs is because they lack proper financial management skills, they waste funds on irrelevant things.

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Today at 06:29:37 PM
 #82

Investing is not a way to increase your income.. It's just a way to grow and preserve your wealth over time.. If you want to increase your income, then you can start a business, find better opportunities, or develop skills that can make money for you.

If we cannot use investment to increase our income what is the essence of investing?, actually income is the primary goal of every investment both in Bitcoin investment or business investment so if there is anybody who said they're just using it to preserve their wealth I don't think is true because if someone is preserving their money is mostly on something that's free from volatility they would put the money on. However business is not even the only thing people usually do aside Bitcoin investment because most of them are salary earners and that's their source of income.

 
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Today at 06:43:54 PM
 #83

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
It is the much responsibility that normally makes one think of increasing income because being okay without any financial responsibilities can make one relax with what they are earning. Planning to increase your income is a decision that everyone would have a different opinion on based on their environment and the knowledge and skills they already have; with this, one can think of what they can pursue. But if you are not comfortable with your income, you have no choice but to get another job or look for another stream of income.

If you don’t know what to do, think of a skill you believe you can do well, focus on it, and it will definitely yield income for you. The problem people normally have is that they don’t make the move to acquire the skill or go into business that can yield money; they only procrastinate.

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Today at 06:50:36 PM
 #84

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
Human wants are highly insatiable, you’ll always want more even if you might seemingly have had enough to take care of your basic needs. Sometimes it’s not just all about having numerous sources of income, what matters most is your ability to manage your finances properly and this gives rise to having a good financial management skills. There’s nothing bad in wanting more sources of income to increase your earnings but even with the little one you currently have you can still be able to make a very good account of it if you have a good financial management skills and discipline. Sometimes what makes most people struggling to meet up with their basic needs is because they lack proper financial management skills, they waste funds on irrelevant things.
Having good income flow whether numerous or not, is as important as managing those income properly if not you will be worst than those that you have more than but can manage their income properly, people who are too comfortable never move forward and I see making money as a continuous process. Look, talking about those wasting money on irrelevant things, sometimes that which you may consider to be irrelevant can be relevant to that person but that doesn't change the fact that having a good financial management skills is good. Everyone will need more money or source of income if they can and that's just the nature and it is normal.

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Today at 07:50:10 PM
 #85

Human wants are highly insatiable, you’ll always want more even if you might seemingly have had enough to take care of your basic needs. Sometimes it’s not just all about having numerous sources of income, what matters most is your ability to manage your finances properly and this gives rise to having a good financial management skills. There’s nothing bad in wanting more sources of income to increase your earnings but even with the little one you currently have you can still be able to make a very good account of it if you have a good financial management skills and discipline. Sometimes what makes most people struggling to meet up with their basic needs is because they lack proper financial management skills, they waste funds on irrelevant things.
Indeed, it is more challenging to cultivate the habit of saving money than to make more. Yet, it does not mean that everybody faces financial difficulties since they are unable to manage their spending. There are many people whose income level is so low that they are unable to save any money when covering their needs. In my opinion two aspects are equally important in this case, including attempts to increase income and to learn how to manage this income. Even if there is a little bit of money left, regular accounting and saving on unnecessary spending may be of great importance in the future.

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Today at 08:07:45 PM
 #86

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.
There are many ways to increase your income aside investing,just incase you’re not interested in investing on bitcoin or other assets,you can acquire a skill.Today the world has become more digital and they’re lots of online skills that would expand your income.You can even go into content creating,in this present age a lot of youths are making tremendous profits,they’re are paid huge amounts of money to market and influence brands or services due to their visibility in the social media space.You can also create a page on YouTube and monetize the knowledge you have as you share it to the masses,YouTube pays pretty good.Infact don’t stick to only one source of income because they’re lots of ideas to create massive profits without even investing.

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Today at 08:21:17 PM
 #87

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
Whether you are comfortable with your basic income depends on your needs and wants. How many members are there in your family and how many members' basic needs you have to fulfill also depends on whether your income is comfortable in your bank. Human needs are endless, so no matter how big your basic income is, it will not be able to make you comfortable. This is because when your income increases, your needs will also increase. If your income increases, you will be interested in buying better quality products than the quality products you buy now. This is why maximum people cannot be happy with their income and their financial situation. Being satisfied often depends on your own mind.

 
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Today at 08:22:05 PM
 #88

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.
There are many ways to increase your income aside investing,just incase you’re not interested in investing on bitcoin or other assets,you can acquire a skill.Today the world has become more digital and they’re lots of online skills that would expand your income.You can even go into content creating,in this present age a lot of youth are make tremendous profits,they’re are paid huge amounts to market and influence brands or services due to their visibility in the social media space.You can also create a page on YouTube and monetize the knowledge you have as you share it to the masses,YouTube pays pretty good.Infact don’t stick to only one source of income because they’re lots of ideas to create massive profits without even investing.
Yes, there are options today to increase and acquiring new skills that is relevant to our current time is the most logical path to take if you don't want to spend much money. There are so many new skills born as the age of AI comes and some of those are high demand skills. Learning it would definetely take you months to be able to get hire but it is worth it especially if that skill will be relevant for years.

It's hard to find a way that will instantly draw you away from being a basic income earner. Finding what interests you the most and learning it will definitely be fruitful since you can earn money along the way. It takes time to acquire some high demand skills but it is worth it after you get hired and having your salary be increased from your past job.

Investments are good too, but it also takes time and the amount of capital you need is big if you want to do low risk and proven investments such as owning a real estate, buying lands and others.

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Today at 08:51:44 PM
 #89

Investments are good too, but it also takes time and the amount of capital you need is big if you want to do low risk and proven investments such as owning a real estate, buying lands and others.
Investments are passive, most of them are going up in value due to appreciation. Other than that, it can also be a source of continuous cash flow, such as rent from real estate or land. I only see most of those retired people who are relying to their investments in that way. It has become their retirement plan, but if they have fewer tenants, that makes their profit less predictable. While having that business and investment, it can also be a skill that can be added to cv of those who has it and are looking for a job and that experience can make them as property specialists or manager.


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Today at 09:20:47 PM
 #90

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?

The best way to increase your income when you come from nothing and poor background is to work very hard until you are able to have enough savings to begin investing. Hard work is the key to heaving lots of money to do other things including the things that the rich people are doing. You can not just start doing what they are doing until you have gotten some level of money to use to do like them because when you have enough then investing becomes less risky for you because you have other money that you can use for living if the investment was to go wrong. Also when you have some money then you will not be looking for fast earning investment but the one that can make you guaranteed profits for longer durations.

 
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Today at 09:23:37 PM
 #91

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

Human want can not be satisfy, even when you are comfortable with your basic income you will still be looking for ways to step up your game . Right now I’m not comfortable with my basic income , though I’m glad for how far I’ve come . But I believe I can do more , and there various way to do that , one can start by having various sources . Having sources can come from having a skill or business , talking of investment you have already mentioned some good ones I’m not too sure about altcoins . Also real estate also deserve a place in that list .

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Today at 09:24:37 PM
 #92

I am not comfortable with my income which is only enough to meet my needs, I always do what I think has the potential to make a profit, investment is not to increase income but it is just the nature of saving for the long term, adding work is my way to earn extra, I have not thought about opening a business because it requires capital that is far beyond my reach, besides I don't want to leave my job

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Today at 09:34:28 PM
 #93

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
Henestly speaking, I can say that my current base income is almost nothing compared to my daily life needs, and that I am always looking for more ways to increase my income which the hardest mission I am facing all the days. I have been trying to improve my skills to give myself the opportunity to take a risk and enter a different sector. Sometimes I find an opportunity to help me out for a while. I confess that nothing ever lasts for that long which is why I am always looking for some new opportunities

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Today at 10:24:50 PM
 #94

Investing is not a way to increase your income.. It's just a way to grow and preserve your wealth over time.. If you want to increase your income, then you can start a business, find better opportunities, or develop skills that can make money for you.

If we cannot use investment to increase our income what is the essence of investing?, actually income is the primary goal of every investment both in Bitcoin investment or business investment so if there is anybody who said they're just using it to preserve their wealth I don't think is true because if someone is preserving their money is mostly on something that's free from volatility they would put the money on. However business is not even the only thing people usually do aside Bitcoin investment because most of them are salary earners and that's their source of income.

You are right mate, everyone is investing to increase their income because even though some of us do have the idea that we are saving our money from inflation hence the reason why we chose to invest then what will be the essence of holding for 10 years and above without substantial profits. Inasmuch as volatility is concerned, one's investment in bitcoin and other cryptocurrency is subject to a decline or an increase. Investment is a kind of giving financial security to the future so of what need will it be when we meet our investment the same way it was when it started.

Salary earners cannot be satisfied with their earnings that is why they need to start up a business or invest in a productive asset. Anyone who depends on their salary alone cannot be able to acquire wealth over the years so salary earners should not be comfortable with their basic income.

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Today at 10:39:44 PM
 #95

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
Every person wants his income to increase because every person is not satisfied with the current income he has because inflation and the increase in the price of everything do not make people satisfied with their minimum income. No matter how much I earn, my need increases on my income. Maybe I did not earn much at one time, but then the need was not too much. Now I can earn more than before. My need has also become more than before. That is why I say that no matter how much a person earns, his need will continue because the need of a person is unlimited, he will never be satisfied with his income.

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Today at 10:53:27 PM
 #96

What I have noticed for many people is that they all want additional source of income to increase their current income, but we tend to ignore if these people are capable enough or are willing to take bigger risk, and experience more stress and pressures.

Because let's be honest, its easy to tell everyone that we can do this or do that to achieve more sustainable income, but in the end, we find ourselves lack of knowledge and skills, lack of perseverance, and lack of courage and motivation that block us from not doing what we somehow need to do, not want to do.

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mirakal
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Today at 11:21:30 PM
 #97

I am not comfortable with my income which is only enough to meet my needs, I always do what I think has the potential to make a profit, investment is not to increase income but it is just the nature of saving for the long term, adding work is my way to earn extra, I have not thought about opening a business because it requires capital that is far beyond my reach, besides I don't want to leave my job
You can start your own small business without leaving your job, but find someone who you can trust and let him run the business while you are still working. It does not require your presence 100% but you also need to monitor your business if its making progress or not, otherwise it can only be a waste of money and time.

But to be honest, if you want to achieve financial stability soon, you have to make some sacrifices even if it means leaving your job. But never take uncalculated risk, prepare for it first before finally leaving your job.

 
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Doll2233
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Today at 11:29:10 PM
 #98

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 think that if someone is comfortable with their basic income it is not a bad thing but it become problem when the income is so less that it cannot cover up the basic needs of a person because of the inflation or because of the unexpected expenses. In today's time period nobody should be dependent on a single source of income they should try to make multiple sources, so that they can survive in today's economy. Apart from traditional investment and crypto, I think people should be more focused on trying to develop more skills.
They should try to start any sort of small business, do any freelancing projects or investment that can create a regular source of income for them in future. There is risk involved with every investment and sometimes improving skills or trying to expand an already present business gives better return on money. The goal should be to have a sustainable source of income rather than just trying to get quick profit.

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