Does a side job/business improve your finanical stability ? - page 18.

Cryptock

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Quote from: erep on February 03, 2023, 02:34:04 PM

Quote from: Pamadar on February 03, 2023, 01:39:57 PM

If you succeed in finding the right investment, it will serve as another source for you, it will grow and
multiply, and with good knowledge you will invest it more to other investment to find more ways to
earn more.

It is very difficult to find the right investments to guarantee income from other sources, so there are three types of investments that can benefit including gold, property and crypto investments, even though they are risky, we must diversify our investments with greater capital for gold investments because there is no risk of high losses and the rest is distributed investing in property and crypto. For crypto investments I use capital from other sources of income and it has no effect on the main asset in the savings.

during the hardest time of my life- when I was struggling with so many things. I started an Airbnb project in my friends apartment.
I was in bad condition - but it give me a sense of satisfaction - although it's not much profitable - but it does help me pay off my bill and I made some good friends too.

erep

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Quote from: Pamadar on February 03, 2023, 01:39:57 PM

If you succeed in finding the right investment, it will serve as another source for you, it will grow and
multiply, and with good knowledge you will invest it more to other investment to find more ways to
earn more.

It is very difficult to find the right investments to guarantee income from other sources, so there are three types of investments that can benefit including gold, property and crypto investments, even though they are risky, we must diversify our investments with greater capital for gold investments because there is no risk of high losses and the rest is distributed investing in property and crypto. For crypto investments I use capital from other sources of income and it has no effect on the main asset in the savings.

serjent05

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Quote from: Z390 on February 03, 2023, 12:38:49 PM

Nothing beat multiple sources of earnings , you will be able to pay your bills and have good amount of money to play around with, see I am able to toy with crypto investment because I make a good amount of money from a different side jobs, different from my office job. I am able to build more than two crypto portfolios for the next bull market because of my income.

True, with extra earnings, it is easier to move funds from one investment to another. Having an extra job means multiple earnings where we can save money, pay bills and pay debt with extra funds in hand. It also makes our financial situation stable since we are able to pay for everything we need and still got extra so save for future use, and enjoy extra spending money. But of course, it is always better to balance things out. We should also consider our health condition if we can really take multiple jobs/business without harming our health.

Pamadar

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Quote from: Z390 on February 03, 2023, 12:38:49 PM

Nothing beat multiple sources of earnings , you will be able to pay your bills and have good amount of money to play around with, see I am able to toy with crypto investment because I make a good amount of money from a different side jobs, different from my office job. I am able to build more than two crypto portfolios for the next bull market because of my income.

A good way to spent your money, investment can bring more money if you manage to locate the right business or industry to put your spare that comes from your other sources of income.

If you succeed in finding the right investment, it will serve as another source for you, it will grow and
multiply, and with good knowledge you will invest it more to other investment to find more ways to
earn more.

Z390

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Nothing beat multiple sources of earnings , you will be able to pay your bills and have good amount of money to play around with, see I am able to toy with crypto investment because I make a good amount of money from a different side jobs, different from my office job. I am able to build more than two crypto portfolios for the next bull market because of my income.

serjent05

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Quote from: Wong Gendheng on February 03, 2023, 10:24:48 AM

If we want to be successful then we have to look for many sources of income, don't let our time be wasted because we feel that we have enough with 1 source of income, there are many things we can do and the easy thing of course is to find a source of income according to our expertise, for example if we become employees with a monthly salary so we have time when we are on vacation by looking for sources of income that are easy for us to do.

I highly agree. Time is very important, the reason why many say it is gold but I believe it is more precious than gold. Because time enables us to do things and change our lives through hard work and smart planning. Instead of lazing around, we should always be active in things that can give us profit or earnings. Just like having a side job or business can make us earn more money, save more money and have more capability to invest in profitable ventures. So don't let the opportunity pass us by just because we have a job that can sustain us. More earnings are always better, IMO.

Wong Gendheng

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If we want to be successful then we have to look for many sources of income, don't let our time be wasted because we feel that we have enough with 1 source of income, there are many things we can do and the easy thing of course is to find a source of income according to our expertise, for example if we become employees with a monthly salary so we have time when we are on vacation by looking for sources of income that are easy for us to do.

livingfree

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Quote from: Lubang Bawah on February 02, 2023, 11:01:56 PM

Right now I work at a lawyer because I am a law graduate, I also get a side job, for example, helping to take care of land documents, and in my opinion I am very helped by the existence of a side job, 2 or 3 years I plan to open my own office and is currently the licensing stage , of course a side job/business can improve our financial.

Good luck with your future plans of opening your law office.

Whenever I go into an office as well, I see those people that do side hustle and asks for someone for their help and in return, there's of course the payment that they're anticipating.

It's actually a good hustle and big help especially for those people that don't have a lot of time to process all of those documents that they have.

Someone who's being helped, saves a lot of time and as well as a lot of money.

autumnleaf

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Having a second side job is absolutely necessary in these economic downturn where commodities prices are rising, especially if you're a family man. Having a little business or a part-time job in addition to our regular jobs is great in order to pay for our daily costs. Living in a low-income neighborhood where prices are always growing is difficult, thus it is essential to have at least a side job to increase financial stability.

DOH!

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The main job of each person is different, which means that the nature and characteristics are also different. But if there is a side job to do, it would be great. That is really the expectation of every worker. I also want to find another side job to earn extra income during these difficult economic times. But I worry that my main job is very stressful, and the trend of most businesses and companies is to reduce personnel, so I have to focus on maximum productivity and always complete the job well to ensure my work the main work. That is really difficult.

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Quote from: Marcellin9 on January 14, 2023, 01:00:22 AM

To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?

The economy crisis is almost in every country in the world. When inflation has made one's income not to be enough to solve financial problems, I think theirs no other option to seek for another opportunity that can bring money in to balance life. I believe it is a good step for individuals to get some other things doing to better live because folding the hands and wait to see if things will get better is a big risk that no knows how tomorrow will be, if it will be better or not. It is better we take a step and follow the economy the way it is going to be alright financially.

Poker Player

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Definitely yes. What usually happens is that you have a job with which you cover expenses, or maybe you save a little and then you get a side job or two. With those side jobs you can save and invest a lot more, even increasing your spending level.

When someone wants to progress economically, the first thing they think about is saving, increasing income (while keeping expenses under control) is much better.

Quote from: CapGelatik on February 01, 2023, 04:00:50 AM

Quote from: Pejoh Asu on February 01, 2023, 01:56:11 AM

If you work and feel enough then you will not be interested in looking for a side job/business, but I suggest looking for multiple sources of income, the future economy will be difficult to predict and according to expert estimates that economic recessions will occur frequently, of course a side job/ business depends on our time and ability, we can be helped if we have a side job/business.

Actually not really because in reality many people are already rich but they still have a side business,
I think it's important to have more than one source of income, especially since we never know what the future will be like,
but it all depends on each individual's decision because everyone has their own decision.

Exactly, I will not tire of repeating it, rich people have several sources of income. Having only one is too risky.

It never hurts to have income from several sources, although there is usually one that accounts for 80% or more of income.

Lubang Bawah

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Right now I work at a lawyer because I am a law graduate, I also get a side job, for example, helping to take care of land documents, and in my opinion I am very helped by the existence of a side job, 2 or 3 years I plan to open my own office and is currently the licensing stage , of course a side job/business can improve our financial.

Marcellin9

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Quote from: ivankoh on February 02, 2023, 01:20:58 AM

Yes, Prices, food, food increase but wages increase very slowly or increase intensity due to work pressure. To ensure the quality of life, getting a side job is something everyone wants. The difficulty is that many side jobs, part-time, commission businesses are highly competitive, due to higher unemployment rates after the covid19 crisis. Some people experiment with inappropriate and unproductive types of side work and get frustrated, And I am one of them... Or need to balance time between main work and side work while ensuring work productivity and efficiency. if not? they may lose all their work. Lol, i think it is also difficult for workers nowadays.

An excellent point from the perspective of being"doable" or not. I wouldn't say it is impossible to balance between a side job and the main work but it is difficult. Your point is focused on whether ensuring work productivity and efficiency(the main work) but my perspective is on ability/suitability to do certain side jobs. Let's say, you are a computer engineer and generally perform well at work. Somehow you feel unsafe in this ecomomic situation and then find a side job as a waiter in a restaurant. Being a waiter does not need many skills except for your communication and serving people attitude. However, most comupter engineers are not good at interacting with people and definitely prefer an esay job to make extra money. Do you think they can shift between those two roles easily ? I doubt it. Even if they can, the sacrifice is too big compared to the little money earned.

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Quote from: Marcellin9 on January 14, 2023, 01:00:22 AM

To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?

It's always a nice thing to have side income/passive income to backup your main income in case your main income does have issues and you probably need another source of income for your daily bill. The great thing about side income is that you are the boss so you are free to do it whatever you can do with whatever thing you have in that side income. Sure it takes lot of time and efforts to do it, but many people have successfully do it and the income from side income is surpassed the main income in long run if they can manage it really well. It does surely improve your finance.

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Quote from: Pejoh Asu on February 01, 2023, 01:56:11 AM

If you work and feel enough then you will not be interested in looking for a side job/business, but I suggest looking for multiple sources of income, the future economy will be difficult to predict and according to expert estimates that economic recessions will occur frequently, of course a side job/ business depends on our time and ability, we can be helped if we have a side job/business.

Feeling satisfied with the results of the main job will not guarantee that someone will become rich because he also needs to spend money for his life every day so that I think side jobs are still very much needed now. Especially if you say that everyone needs to earn a lot of income for themselves and that clearly cannot be obtained easily or from just one job because there is always an income measure for each job. We can see examples of big businessmen like Elon Musk who have managed more than one business and he is now one of the richest people in the world.

Quote from: CapGelatik on February 01, 2023, 04:00:50 AM

Actually not really because in reality many people are already rich but they still have a side business,
I think it's important to have more than one source of income, especially since we never know what the future will be like,
but it all depends on each individual's decision because everyone has their own decision.

What you say is true, because of all the business people in this world. On average they become successful by running more than one job and we can take that as an example that work doesn't have to depend on a place or job because that won't be enough to make someone rich or successful faster. So it is very important to get more than one job for better income to enjoy a more beautiful future.

ivankoh

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Yes, Prices, food, food increase but wages increase very slowly or increase intensity due to work pressure. To ensure the quality of life, getting a side job is something everyone wants. The difficulty is that many side jobs, part-time, commission businesses are highly competitive, due to higher unemployment rates after the covid19 crisis. Some people experiment with inappropriate and unproductive types of side work and get frustrated, And I am one of them... Or need to balance time between main work and side work while ensuring work productivity and efficiency. if not? they may lose all their work. Lol, i think it is also difficult for workers nowadays.

Marcellin9

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Quote from: CapGelatik on February 01, 2023, 04:00:50 AM

Quote from: Pejoh Asu on February 01, 2023, 01:56:11 AM

If you work and feel enough then you will not be interested in looking for a side job/business, but I suggest looking for multiple sources of income, the future economy will be difficult to predict and according to expert estimates that economic recessions will occur frequently, of course a side job/ business depends on our time and ability, we can be helped if we have a side job/business.

Actually not really because in reality many people are already rich but they still have a side business,
I think it's important to have more than one source of income, especially since we never know what the future will be like,
but it all depends on each individual's decision because everyone has their own decision.

Financially speaking, it is always good to have a side job/business to back up any unforseen emergency needs. After viewing so many comments, a lot of you have mentioned this but nobody has ever brought up the mental benefits a side job/business brings. Our mindset is pretty much like a machine. Once it runs smoothly and consistently, it will be more likely to decrease the chances of dysfunction and increase the lifespan. Another stream of income from side job/business not only brings a sense of financial security but also boosts one's confidence to be more active in doing what has been done well. The combination of both generates more benefit in the long run.

CapGelatik

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Quote from: Pejoh Asu on February 01, 2023, 01:56:11 AM

If you work and feel enough then you will not be interested in looking for a side job/business, but I suggest looking for multiple sources of income, the future economy will be difficult to predict and according to expert estimates that economic recessions will occur frequently, of course a side job/ business depends on our time and ability, we can be helped if we have a side job/business.

Actually not really because in reality many people are already rich but they still have a side business,
I think it's important to have more than one source of income, especially since we never know what the future will be like,
but it all depends on each individual's decision because everyone has their own decision.

Pejoh Asu

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If you work and feel enough then you will not be interested in looking for a side job/business, but I suggest looking for multiple sources of income, the future economy will be difficult to predict and according to expert estimates that economic recessions will occur frequently, of course a side job/ business depends on our time and ability, we can be helped if we have a side job/business.

Topic: Does a side job/business improve your finanical stability ? - page 18. (Read 3440 times)