Topic: Does a side job/business improve your finanical stability ? - page 12. (Read 3451 times)

That's the good thing about cryptocurrencies right now.

They've added a new source of income for freelancers, and the best part is that we can now work even we are staying at home. Of course not all who knows cryptocurrencies have jobs related to it, but there are still freelancers who wants to work from home, or at least use it as a side job aside from their main day-to-day job. Faucet sucks that's for sure.

Like you, I also broadened my knowledge about cryptocurrencies. Back when I was new to crypto, I always spend more than 5 hours watching documentaries about Bitcoin, and reading some blogs that is related to cryptocurrency. Overtime, I learned the basics of Bitcoin and crypto, how they are moving, how to pick which projects are scam or not etc. Not only that, but crypto is also the reason why I have another source of income today as like you, I'm also accepting online jobs that pays crypto like Bitcoin.

Some business are struggling due to recent pandemic but there are businesses like technology and food sector are not struggling as it stands strong that time of pandemic. I think just a simple business right now wont work so it is best to have a good idea about business to start up. Also those side hustle is you can add another source of income from it but doesn't mean that you are now financially stable because stuff right now are very expensive so still side hustle is just enough for us to make a living

I started out with Bitcoin when faucets were still very popular, so I can tell you.. for some people that was like an extra job. They spend hour after hour, clicking on a button to get free money. I quickly saw that faucet sucking was a waste of time and that the same time could be better spend on doing things that were more profitable.

So, I started to study and research Crypto currencies and I broadened my experience and took on other projects on a part-time basis that were more profitable. Those projects paid for many things that I could not afford on my primary income from my day-to-day job. 

I would also like to agree with your words, and I think to make life more easier we can do job and business together. It may vary from person to person, but I think starting a business that is within your means and suitable to your situation, keeping the job as primary or through the income from the job.
I think this way one can be a successful businessman and a successful employee at the same time. Many of my relatives are pocketing extra income like this. And I don't think it's a bad thing but now this step will help you to live a comfortable life.

This is true since with the continuous increase of inflation and other economic struggles, it is hard to be successful at this time in having business. But this isn't the case all the time since there are some businesses that take opportunity at this time but it is still risky in my opinion. Side jobs or hustles is a great way to improve your financial stability since it would add additional income to you. It is really hard to make ends meet this period but we should just be competent enough to have our jobs and have money to provide our needs and wants.

Recessions happen every year and if you can't keep moving and don't take a side job that can make you profitable maybe the monthly money you receive won't be enough to pay all your bills. every year all prices will continue to soar and you will only be paid with $ 150 per month. so sad.

it depends on the country that you find yourself getting job from government is very difficult because of the country we find ourself I believe but those people who works in government always benefit from it and before they will get retired define another option in order to replace their self through their love ones or family members it is the reason why scatter piece of work has been into existence or in total collection in some local countries that are not civilized

almost everyone is currently experiencing bad economic conditions, making good use of time and taking every opportunity or opportunity that exists is part of the solution that needs to be done. like the opportunity that you have done, in my opinion it is very good to stabilize your finances besides you get a monthly salary from what you do.
I hope for the best and from whatever we live to meet the needs of our family and stabilize the economy which has been sinking so far

You must understand the level of discipline and know how to look for opportunities to generate sufficient finances, the economic situation is worsening the image of the current job, you are required to work hard under the pressure of the system, while welfare is bullshit for companies that keep forcing us to follow their system.

In this case I prefer work in the business sector, even though it has to start from small things because we are owners who can adjust to the way the business goes, it takes perseverance, patience and skills to develop the business, but at least we are fighting for our fate themselves and not enriching others.

If you have several work places that can be adjusted according to each other's working hours why not, logically when you work in many places the profits you get will also increase, so that the increase in the amount of financial income will also increase.

But to maintain integrity, I'm sure not much work can be combined in one day or week, when you are still working in someone else's place that has a system and way of working that is applied. Usually people who are able to work in several places are generally not tied to the work system and are more related to technology. The risk of fatigue, energy and thoughts will continue to be consumed, it is unavoidable, but if you want to increase your financial income you are required to be more proactive and consistent for this increase.

You're a property manager and that's a lucrative side job, you don't really need to be focused at all with it but just need to be patient looking for a tenant then you're all good.

That's one of the best side hustles that we've got on this current economy that we're in. You need to network with people even if you don't want to because that will show the best of you.

So, that's a commission basis or depending on the contract or casual talk and agreement you've made with those owners?

a side job can actually make you rich if it's something you have passion for and you're determined to make it work by all means.

A side job can eventually become your main source of income, I see people resign from their main job to focus on their side jobs.

a side job can help but it can't make you rich, there are people that also doing business but they end up loosing and closing businesses and don't ever think that this people are not doing well or uneducated that is why they close thier businesses, they also think what everybody's thinking about doing a business but still they are not lucky because business is just like gambling it needs capital and it needs focus and if you are not lucky you will also end up as loser.

I also do several side jobs and of course the results can help financially, around my house there are many empty houses that want to be sold, if the house is fully furnished then I will invite the owner to work with me to manage and rent it out daily to monthly, and this can make me earn about 40% of my monthly salary.

I myself always instill positive thoughts for everything, so that the results will be even better, and that also applies to handling my financial system. in times of economic turmoil, of course, everyone is also always thinking about the best solution and way out to get out and survive from a bad economic zone, and everyone has their own way. and each country may have a different settlement, depending on how severe its economic condition is.
 
and I myself have always applied this method to stabilize my economic situation when inflation hit. I already have a habit when working and economic conditions are normal. I always set aside my salary money every month for an emergency fund, and for business capital, which will definitely be useful in the future. then every time I come home from work I always take a walk to the market or to shopping centers, not just for shopping, but I always pay attention and research how everyone does business, I get a lot of knowledge from walking this afternoon, because every businessman starts from the lower class to the upper class has its own characteristics.
In the evening I always have time before going to bed, thinking about what business is right for me, because even though I am an employee, I don't want to continue being an employee, I also want to have my own business.

and from all the experiences that I have gone through when I was working and the economy was normal, I am practicing it all now, because in my country many companies have laid off employees because of the covid 19 outbreak yesterday, I was also affected by that, and I am now in a situation not working yet. but I have started my first business in several fields, namely in the field of food and clothing. even though my business is still not fully developed, but the income is more than enough for the life of my small family.

that's a bit of the experience that I experienced, from a normal economic situation then it went down and now it's in the process of rising again.
and my message, in essence, if there is an opportunity, don't waste it, use every opportunity to create new things for your future, and don't think too negatively.

You really need to sacrifice, i think all, like those rich businessmen who sacrifice their time to build their empires; they have no time with their family as they are always busy. The same goes for us; we will be giving up a couple of hours of sleep just to attend to our side hustle, or we can relax late at night and sleep late at night just to do our side hustle. No matter what we are going through, for sure we are tired now, but let's just think that we really needed this side hustle for extra income as we have a goal from it.

Side job/business is what helps us to gain more income. But once you enter it you must know its consequence like you must get tired in the long run but on the other side you still benefit from it since it will increase your income while having a regular job. You must be mentally prepared and ready when you start doing side job/business because its stressful especially when it collided your schedules and tasks. You must know how to manage well your time for you to easy do the task on time. Just be strong on your journey, after all your sacrifices it will be worth it in the end because it will help you to reach financially stable on the future.

I second with you!

In my opinion, with a situation like this, it is more important to have a permanent job to maintain economic stability.
side jobs also should not be abandoned, do whatever your side job, be it online and offline work, at least with this side job it can give real results and can cover family needs.
with the current economic conditions it is very important for all of us to maintain the financial stability that we have

agreed!
but sometime side hussle too is expensive - for example I run an Airbnb project
But during off season - I am only paying bills and not getting any return.

I agree with you too. It does increase your financial stability -  many regular professional who are doing 9-5 job are now doing side hustle as well and investing the money they are gaining
That is how they are doing far better than those who are doing only one job at a time.