Post
Topic
Board Economics
Re: How to thrive with low income in a humble area
by
lienfaye
on 02/02/2023, 01:04:24 UTC
One of the biggest difficults in life is to manage growing your patrimony and income, when earning minimum wage and living in poor areas where opportunities are scarce, as is the money circulating in the local economy.
That's true. I'm living in a third world country and life here is really difficult if you're not from a middle class or rich family. The minimum wage salary is not enough to sustain the needs of a family of 5 or more, it's already hard to budget due to the increase of almost everything unless other family members are also working.

So to survive, you really need to prioritize the needs before the wants. I think if you already experience hardship, you're already aware of what you should do that can make you become wiser when it comes to managing your money. In addition it is advisable to not rely on your main job because as we always said, having an extra income is much better because this can maximize your earnings. This way you can provide for what your family needs and can somehow save.