With regards to the current issues happening around the globe— battle with coVID 19, war between nations, conflicts on territory properties, decreasing economic rate, name it all. These are not just ordinary problems that we will come up with solutions, but they seem to be a chain that continues and grows as time passes by. Relating to each other that causes another set of chaos. I have spent my quarantine days ( a whole year, to be exact ) thinking how to grow the savings that I fortunately have in my wallet. I thought, I was going to have extra pennies for future plans. But things happen, pandemic has brought me the complete opposite.
Last year, I have started a clothing line business. Due to the health crisis, I aimed to help my parents to make a living. My papa got laid off from his company, as well as my brother who is a call center agent. With a 500-peso bill that I have borrowed from my brother, I find a supplier and of course, negotiated with them. At first, I was able to reach my quota and return the borrowed money that served as my capital. I did literally everything— from shirt hoarding, contacting the supplier, sales talk with my customers, packaging and the shipping. It was very tiring, but I enjoyed it. In each shirt that I sell, I earn for about $1 only. So orders should be shipped by batch so that I could reach my desired quota. To keep my small business going, I make sure that every week, I add 500 php or $10 to my savings and my capital. But my orders were not that too much yet, so I had to find another things to sell.
My sister's friend was a direct supplier of shorts, tops, and other cheap clothes. I have decided to resell, even though my profit is just low. I have also resell make ups, skincare, and foods. I save my earnings as much as possible. I tend to avoid ordering online, and gave my mother a little amount for our groceries and daily needs. Then the rest, I have put it on a jar and kept it in my drawer.
But here is the problem.
I have tried my best to keep it going. However, I ran out of capital, besides, my parents were not supportive that much which I have fully understand since they were busy and focused in striving too. All I have is myself, and some point I wanted to stop. My customers were loyal, thankfully. I receieved repeat orders. But still, it was not enough.
I have realized that whenever I have something to buy, I was forced to get money from it. When we lack of shampoo, I would just tell my sister to get some from my drawer. And it became a routine— to the point that I have forgot that I am trying to save pennies for future purposes. In my surprise, my savings was gone the last time I checked it. Perhaps, this kind of money saving is not for everyone.
Or, is it really good for anyone?
Don't get me wrong, this is the way how the past generations keep their savings. On a jar, the famous piggy bank, on somewhere they can just shoot their money in. But with the latest inventions and what technologies have brought us, this traditional saving seems to have no place anymore in a modern world.
Instead, here's cryptocurrency.
Ironically, I have first posted this article weeks ago. This is the part two, but most likely explains what cryptocurrency is for the beginners. As a newbie to this kind of platform, I also wanted to extend help for my co-newbies.
Bitcoincash— the currency of tomorrow
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