Post
Topic
Board Economics
Re: How can it be possible coping with one source of income
by
AnonBitCoiner
on 09/03/2024, 19:15:45 UTC
Having a single source of income in this current inflation affecting the globe is very dangerous, and again, you believe that when you can get more income, that is when you need to increase. Yes, everyone knows that, and let me inform you why that usually happens when you start getting another source of income, which means your money will definitely increase. That is when you will start thinking of things, and you will decide that with the source of income that you have presently, you can afford them, but when you don’t have that much as your income, all that will never come to your might because it is like your life is limited, which clearly shows that you will always deny what you want just because you don’t have the money to afford it. 

Moreover, having challenges is like a way to have more experience than before because thinking about how to solve those issues is what will increase your activity to be able to encounter many challenges that might arise, so I don’t see that as something that is not good because if your life is limited, you will not be able to view other things in life. 

when earning of individuals are minimum then they wants to live a normal life and they minimize their expenses but if they starting to earn more money then they start to spend more and the reason behind this is that they start to buy unnecessary things which they were not buying in past with lower income.

Every person changes his lifestyle according to his income and is buying materials according to his status. If a person having little money when become rich will be able to save some amount for emergency because he has lived a life previously which will act as a lesson for him in future.