Are you comfortable with your basic income?

[Noorooo]

E-commerce business is best option for u to start as an second business. Its a great way to increase your source of income without opening a physical shop.This business also dont require a huge amount of investment, you can also start this business with a small investment.In this type of business you will find products that have amazing market demand and also there is good profit margin, then u will sell them through platforms like Amazon, eBay, or your own online store. Advertising your products is also important to attract customers and to explain your product quality and benefits.The risk involve in this business is not that much compare to other businesses.and also its not that stressful and can be easily manage as a second business.I believe that with proper research, good marketing, good product quality, and consistency e-commerce can become a good additional source of income for u.

[BitcoinLitingNetwork]

In the current economic climate, relying on a single source of income is quite risky. Therefore, creating an alternative or additional stream of income alongside your primary earnings is essential for financial security. A fast food or food related business can be highly profitable, provided you secure a good location and ensure the quality of the food. Since managing a shop directly while holding a job can be challenging, it is a wise decision to entrust its operation to a reliable person or a business partner.

[WatChe]

E-commerce business is best option for u to start as an second business. Its a great way to increase your source of income without opening a physical shop.This business also dont require a huge amount of investment, you can also start this business with a small investment.In this type of business you will find products that have amazing market demand and also there is good profit margin, then u will sell them through platforms like Amazon, eBay, or your own online store. Advertising your products is also important to attract customers and to explain your product quality and benefits.The risk involve in this business is not that much compare to other businesses.and also its not that stressful and can be easily manage as a second business.I believe that with proper research, good marketing, good product quality, and consistency e-commerce can become a good additional source of income for u.

There are too many options to start with, all we need is the will to do the necessary effort to change our financial status. eCommerce business is very easy to start with but its failure rate is very high and if someone is starting eCommerce business then keeping in view the failure rate, its a good strategy to start with small capital. Having said that one can identify the area where he can do well and then move in that direction. Like if you are are a good programmer then you can work on freelance platforms to earn extra money apart from your job salary. I have an electrician in my office and he install solar panels after office hours to earn extra money. 

[Mallampue]

With the current conditions where inflation is always happening and the income that sometimes looks big but it is only enough for daily needs actually feels a little reasonable when we say it is always less and need more income but it certainly has a challenge when someone wants to try to improve financial conditions and save value with investment.

Investment is certainly a very good thing and I agree with that and there are many types of investments that we can choose but that needs to be a concern here is before we look for many investment instruments as a choice we also have to look at the financial condition we have.
With ordinary money, of course, investing in some things like land and buildings is obviously not suitable and for bonds it might be considered but it is certainly not too suitable with ordinary capital too so if you really want to be and have risk then bitcoin remains an option.
If indeed you have invested in bitcoin at this time then focus on one instrument first, there is indeed a term do not keep eggs in one basket but in this condition when your financial condition is ordinary try to be in many investments also this becomes a complicated situation because it is too much investment actually makes the results not optimal.

[Grace333]

The word basic alone shows that the amount isn't really enough, no one is actually comfortable with just a basic amount as an income because the economic situation alone makes it difficult to cope, when there's an increased rate of inflation. If you are someone that's into investments then it is reasonable for you to diversify your income, this is going to help you multiply the capital you must have allocated  to make these investments. People try to get multiple sources of income because they aren't comfortable with the basic income that they are earning.

[Uhwuchukwu53]

More than 50% income earners can't be satisfied with their average income, except those who are already having diversify source of income, the economy of many has been inflationery to the point that even the income is not enough for basic need despite the increase in the income but seem worse than when it's not because the inflation is high. Today my country the average income like that if my nation can't be satisfying because inflation have affect everything, relying on the income basically for everything makes it worse except the individual really diversify with others sources of income.

[Swift_tr]

The entirety of a second stream of income will depend on the time you have on your hands after closing from the first job. For starters you can gradually develop a skill by learning a software and becoming good at it. If you can achieve this within a period of time then start advertising I'm sure that could fetch you a good second income stream.

You could also consider buying a machine that reduces workload on people and hire it out to them depending on how long they want to keep it. That's something that is underrated, people need certain tools for their various jobs but can't afford to buy it so they resolve to hiring.

[Halifat]

The entirety of a second stream of income will depend on the time you have on your hands after closing from the first job. For starters you can gradually develop a skill by learning a software and becoming good at it. If you can achieve this within a period of time then start advertising I'm sure that could fetch you a good second income stream.

You could also consider buying a machine that reduces workload on people and hire it out to them depending on how long they want to keep it. That's something that is underrated, people need certain tools for their various jobs but can't afford to buy it so they resolve to hiring.

You mention an important point here, closing from your first job, it will be very difficult to go into another one because of the time you have spent there. The thing that will replace that is the machine which you are advising to go for because with that you can be making money without even appearing, people will come and borrowed it and once you give it out definitely you must be expecting something good from it. For instance the like building material tools which are very Common and also the demand of it is very high because no matter what we must build a shelter.

[DYOR+BTC]

The current economic difficulties or challenges hitting on daily basis has made survival become very difficult even with the existence of a source of income, to scale through i think it will be imperative if an alternative source of income is placed side by side with the already existing one so all financial requirements won't be channelled to that one source pf income.  The only way out in this current unstable economic situation is different or multiple source of income,  then alone can survival becomes very easy if not all efforts at times may look as if its not enough to provide the needs of man.

[Mate2237]

Just because people say that they are comfortable with what they earn doesn't mean that they are, a lot of people are just trying to be content with what they make not because it's enough but the reason behind it is because they don't want to get bothered by it which is the best way to think while you are still trying to sort out a lot of thing. No one is comfortable with basic income because life will always come with things that requires good income but you just have to start with the amount.


Lastly, don't be comfortable with an amount of money that's basic, this doesn't mean that you should put yourself under pressure but at the same time it is important to make sure that you are working hard to ensure that, basic income does nothing at all in this economy

[Crypto_Timothy]

Just because people say that they are comfortable with what they earn doesn't mean that they are, a lot of people are just trying to be content with what they make not because it's enough but the reason behind it is because they don't want to get bothered by it which is the best way to think while you are still trying to sort out a lot of thing. No one is comfortable with basic income because life will always come with things that requires good income but you just have to start with the amount.

Yea alot of persons will naturally just tell you I'm fine with my basic income just because they want to practice content especially in developed countries where things are working but just like you said, deep down there are alot of factors than can arise and you will need extra money, like if you were single, your basic income will be okay but when you get married and even give birth to a child, you obviously cannot just depend on your basic income, you have to find more, alongside maybe health issues or natural disaster, the point is, something you're not expecting will just happen and you will need extra money, so you be making extra money is never a bad thing but like i said, some persons, just to practice content, will say they are good with their income.

[2Pizza410000BTC]

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 never express dissatisfaction with my income because I earn only what I have in my destiny. If I have a lot more in my destiny, then maybe I will go to that income through some means. But of course we have to try, we cannot be short of effort. Because our creator has said that human effort can change human destiny. So if we who are not satisfied with our income work hard, then we can definitely increase it, but if we sit idly and blame our destiny, then it will not work. But there are definitely different ways to increase income, for example, if you have a job, along with your job, you can do a cow farm, buy land and keep it, you can open a small grocery store. In short, many things can be done with your own power and hard work, and if you can do these, your income will definitely increase and not decrease.

[kawetsriyanto]

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?

I'm also not satisfied with my income. I've tried to have few side jobs. I think having some side jobs is the most appropriate solution. Meanwhile for investment, it is for a long term goal. To deal with lack of regular income, we need more sources. By the way, I don't suggest to have more altcoin investment if you have lack of income. It tends to lose money than earning money from altcoin investment.

In the current economic climate, relying on a single source of income is quite risky. Therefore, creating an alternative or additional stream of income alongside your primary earnings is essential for financial security.

It depends on what job it is. There is a job that can earn a lot of money. People who have the job, they probably don't need side jobs. Meanwhile for the people who have lack of income, it is very advisable to get some side jobs. I also do this, I think it has been something familiar nowadays.

A fast food or food related business can be highly profitable, provided you secure a good location and ensure the quality of the food. Since managing a shop directly while holding a job can be challenging, it is a wise decision to entrust its operation to a reliable person or a business partner.

There is no guarantee the fast food or culinary business to get high profits. Here, it even becomes quite difficult to build such business because there are too many competitors.

[WhoYouCantKill]

The word basic alone shows that the amount isn't really enough, no one is actually comfortable with just a basic amount as an income because the economic situation alone makes it difficult to cope, when there's an increased rate of inflation. If you are someone that's into investments then it is reasonable for you to diversify your income, this is going to help you multiply the capital you must have allocated  to make these investments. People try to get multiple sources of income because they aren't comfortable with the basic income that they are earning.

Another thing is that, as time goes buy, inflation grows and things becomes more expensive and so at some point, the income that appeared to be just okay for people, automatically becomes devalued and can barely sort themselves basic expenses. So I don’t think anyone would be okay with their basic incomes. Excluding the fact that the income gets devalued, people would always want to sort for opportunities that’ll help them increase their income level, no one wouldn’t want some extra income.

[HajiBagi]

I don't even think Bitcoin investment is the answer to your problem as it isn't necessarily a means to boost your basic income rather it takes from it, the best you can do is pick up a second hustle you can do in relationship with work, a second hustle that is less time consuming and most importantly a remote job, or you can pickup trading or even watching YouTube for other options

I agree with you, taking bitcoin investment as the way of increasing your income is not a good idea, in fact, a person should not see bitcoin as a second way of increasing their income because they will feel disappointed in the end when the price drops or the market is not going up, people invest in bitcoin for the future, not another way of boosting their income, the best thing is to look for another side hustle like business or any other way that will increase your income, their are many ways of increasing our income including Bitcoin but we shouldn’t think about it because bitcoin can not be predicted, i will not advise anyone to even buy use bitcoin as another source of increasing income.

[Umulala-alala]

In the current economic climate, relying on a single source of income is quite risky. Therefore, creating an alternative or additional stream of income alongside your primary earnings is essential for financial security. A fast food or food related business can be highly profitable, provided you secure a good location and ensure the quality of the food. Since managing a shop directly while holding a job can be challenging, it is a wise decision to entrust its operation to a reliable person or a business partner.

There are many lucrative business to go into and make money as long as it's a business you have idea on. The rich people you see today don't only have one source income, there is every need to increase one source of income, depending on only one source of income is like wishing yourself to be poor, one thing we should know is that prices of things don't always stay one place, as the year go things continue to increase and responsibilities also increase so as these increases their is also need for people not to only reply on one source of income but rather they should increase it.

[SDS11]

Just because people say that they are comfortable with what they earn doesn't mean that they are, a lot of people are just trying to be content with what they make not because it's enough but the reason behind it is because they don't want to get bothered by it which is the best way to think while you are still trying to sort out a lot of thing. No one is comfortable with basic income because life will always come with things that requires good income but you just have to start with the amount.


Lastly, don't be comfortable with an amount of money that's basic, this doesn't mean that you should put yourself under pressure but at the same time it is important to make sure that you are working hard to ensure that, basic income does nothing at all in this economy

I agree with you. Many people that say they are comfortable, it's not really that the money is enough, it's just that they don't want to overthink and give themselves depression. It's like a coping mechanism manage what you have while you work for more. Because honestly, no one can be truly comfortable with basic income in this economy. Every day one bill or the other will show, School fees, house rent, fuel, foodstuff, Family problems, basic salary can't carry all that.So being content at the moment is good for mental health, but staying comfortable with basic income is dangerous. You must still push, hustle, find side income, improve skills. Contentment should be temporary, not permanent.

[Faisal2202]

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

What do you mean by they are not attracted to much responsibility? It's not like everyone has the option to be attracted to more responsibility while some have the option to prefer less responsibility. It's not like everyone has that option. Although some people may have one person in the house working, let's say their parents are also working, and the son or daughter, whoever is working, can contribute to the house as well.

These days, bro, everyone is working part-time jobs. If they are not, that means their main job is giving them enough money. And if they fail to find part-time jobs, they are either going live on TikTok or Facebook. They are using social media to earn money, and they are even selling their services and products online. Most of them are selling products.

In this economy, no one is comfortable with a basic income. Everyone is looking for ways to increase their income because what does a basic income even mean? When you define yourself on the basis of a basic income, you remove all of your options and just focus on that basic income and the kind of work you have to do for it. You don't even realize how much more potential you have and how much more you can earn until you see those who are of your age and have more.

[MissNonFall9]

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

In reality, human desires are never ending. If a person were to own one mountain of gold, they would immediately create a desire for another. This is simply part of human nature. However there are many people in the world whose income is insufficient to cover their basic expenses, leaving them no room for any luxuries. Consider for instance, someone who previously lived in a mud built house, as their income increases, they might feel the need for a brick house and I do not mean that such type of desires are wrong or useless. Building such a house would likely create financial pressure, leading the individual to feel the need for additional income. This is just one example, people develop thousands of such desires, all of which may prompt them to seek new avenues for extra earnings.

Regardless, one could pursue a business involving physical goods to generate additional income. however, it is essential to carefully analyze the location, the environment and the specific needs of the people in that area. The nature of a business can vary significantly depending on these factors such as location, environment, and consumer demand. Currently, online based product businesses are becoming increasingly popular. People today have become more inclined toward comfort and convenience, they value their time and prefer to obtain products easily and without any hassle. In this context, an online based business is a viable option provided, of course that the products offered are carefully tailored to the location, the environment and the needs of the target audience.

[slapper]

You don't even realize how much more potential you have and how much more you can earn until you see those who are of your age and have more.

Is this how you want to be motivated? See your age group's flex posts and feel your potential dwindle? Remember that a flex post is the best five minutes of some guy's life. We used to compare ourselves to our village and now it's millions of strangers. And of course we only see the highlights. Half the guys flexing on TikTok lives are earning from... other people watching TikTok lives lol.

And the selling online thing, let's say an entire neighbourhood starts making and selling products online. Who's got the money to buy all of it? More sellers don't equal more money floating around. Competition drives prices (and profits) down. Suddenly the little side hustle isn't pulling in as much an hour as the day job. Everyone doing the same thing at the same time isn't going to beat inflation.

I hear all the messages to hustle...but tbh a fulltime job these days doesn't even pay enough to cover the basics. In order to make ends meet, many people end up needing a parttime job to supplement. This is not laziness and not some kind of "mindset" issue, this is an issue of stagnant wages and ever increasing costs of living. So hustle if you can. Just don't sugar coat it, people who have to hustle just to get by aren't comfortable. You got that part right bro.