Post
Topic
Board Economics
Re: You don't earn money only from others, but also when you avoid spending your own
by
Mahanton
on 26/07/2022, 22:53:27 UTC
Usually people get anxious and frenetic for new sources of income, to find new jobs, so they can maximize their patrimony as soon as possible, but many of them forget you don't accumulate wealth only when receiving money or being paid by others for a work. We can also decrease our expenses and stop third-partying tasks we can do ourselves, so at the end of a monthly cycle we will have earned more money to invest and make it grow overtime.

People create so many worthless fixed expenses nowadays. It can be monthly subscriptions of services they barely use, eating out too often, purchasing superfluous clothes, accessories and items in general just for vanity towards the society. Sometimes people have all the tools they need on their hands to finish a solid building, however, since they don't know how to use them properly, it will look like they constantly need more and more tools indefinitely.
This is correct, I have known people that earn a good salary and that live a good life but if they lose their job they will be homeless in a matter of months, and in fact I have seen this scenario playing out once in front of my eyes.

And while I do not earn nowhere near what those people earn I do save and invest my money, so even if I happened to lose my job I could survive without any problem for years and that is because I do my best to not spend my money in stuff I do not really need.
Always prepare for plan B's because you cant really have your day job like forever and there's always a risk on getting fired or had some lay off which means that once happened then you would really be ending up on getting broke or homeless if you could really not able to find another job to sustain your living because we know that living is really expensive nowadays even lets just say about living by just having a food on your table.
Therefore, it would really be just normal that you would really be finding another source of income through investment and it is really just suggestible that you would really be needing to be wise or else you wont
really be living a comfortable life just because you are really that short when it comes to expenses which you do need to sustain.