Post
Topic
Board Economics
Merits 3 from 1 user
Re: Invest on your dependants if you too must grow further
by
Hyphen(-)
on 14/04/2024, 21:33:16 UTC
⭐ Merited by The Sceptical Chymist (3)
I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.
No matter the amount of money you are earning, if people around you are not earning any amount and they depend on you, then you just one step away from poverty because I don’t think you can be able to save some for rainy days. The best way to be financially stable is to have various streams of income and also look for opportunities for people around you that depend on you so that they can be taking care of themselves and you will have the chance to be financially stable.

For people working and depending only on salary, they are always not financially stable because the amount been paid is small and most of the money will be used to take care of their needs, which means there is no room for investment.

The best thing to do is to go into tech and learn skills that you can do and get paid, join it with your physical work payment to earn survula.