Having enough money can help people feel secure and not worry about basic needs like food, shelter, and healthcare. It can also help people achieve other goals, such as starting a business, buying a home, or supporting a family. Money has always been a driving force behind a succesfull life. Earning money can help people feel more independent by giving them the chance to manage their own money. Some people may be motivated by the prospect of financial success and the rewards it can bring, such as a comfortable lifestyle, luxury items, and a higher social status. However, how to determine the earning limit?
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In todays time everyone are free to earn as much as they can. If they have the potential and capability, they go on ammasing huge wealth. On the other hand, those who are content and satisfied remain within their earning limit and spend time on other things in life.
The desire to earn more money can motivate people to work longer hours or seek higher-paying jobs. However, some say that chasing money can be a bad idea because it can lead to poor decision-making and financial instability. For example, people who are constantly chasing money may make bad business deals or take shortcuts that increase the risk of failure. Others say that chasing money can become an endless cycle, because the more money someone has, the more they want.
I remember, in begining of my career I was indulge many activities. I had many spare hours to put them in best use. And when it comes out with some monetary gain then it was icing in the cake.
I planned my day accordingly, I used to begin the day, as a gym coordinator. From 5AM to 8AM, for 3 hrs part time alongwith my own workout helps me earn extra. From 9AM to 6PM, I use to work in a office. And post 6PM, I scheduled my private coaching.
I did not stopped there, when I switched back to corporate, I took an oppurtunity to rent out cab to my office transport team. Which helps me in getting some side uncome apart from other sources. Alongwith creating stocks and crypto portfolio.
Those were some serious gruelling days, when I was running after the money like crazy, pretty occupied with many stuffs. I was making use of my time and oppurtunity in the best possible manner. Every individual have their own earning potential. With so many differrnt earning avenues available a person can opt put for multiple option to earn. Earning potential is the amount of money a person can make in their work, based on a variety of factors:
Education : The level of education a person has can have a big impact on their earning potential. The more qualified and skilled a person is , the more the opportunities to him.
Experience : A person's work history and relevant certifications can affect their earning potential.
Job market : The current job market and earning opportunities can impact a person's earning potential.
Location : Where a person lives can affect their earning potential. A person in big cities, has more potential than a person of small towns.
In my opinion at the competitive time, everyone is placed to earn as much as they can. Putting a restriction or capping on individual earning capability may spoil the job market. A capping on earning may lead to wastage of skills and knowledge. A person who is more calibre remain stagnant as their resources were not fully utilised. This may demotivate them in life. Such capping not only affects an individual but the economy as well. Just take an example of a grocery store business.
A business has a seperate legal entity. If we put a capping on its eaening, suddenly the grocery store is closed because they reached to their capping for that year. This will restrict them to sell any more groceries until the next year. They will close until they can earn more money again in the following year.
It is better to let everyone to earn as much as of their potential. Everyone have their rights and that are aware of balancing their lifestyle.
