Does a side job/business improve your finanical stability ? - page 21.

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Quote from: isaac_clarke22 on January 22, 2023, 01:07:46 PM

Quote from: buwaytress on January 22, 2023, 12:57:13 PM

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Freelancing became like the common side hustle during Covid and due to comfort of being able to work from home, it seemed like it became like another side hustle to do even if people still have their own 9-5s. It does not just add financial stability in the short-term, but also adds that financial cushion for people that are seemingly doing enough with their regular jobs. It can even be not the career you're looking for or interested in since I did VA which is not really my typical career to follow, but would be willing to work as a side hustle just for additional income.

As long as it allows you to generate additional income that is outside of what you earn in your regular job, I think it is safe to say that it is a "side job".

It's a necessity we need today since we need the security that we would be able to still provide for the family in the mid of the crisis. People don't care what kind of job it is. One of my options is to be an Uber driver or school janitor if they accept the graveyard shift.

My landlady just hired an engineer who will collect the tenant's garbage every Wednesday, I knew this because I've talked to the guy as I notice he is new while I throw my garage outside.

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Quote from: buwaytress on January 22, 2023, 12:57:13 PM

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Freelancing became like the common side hustle during Covid and due to comfort of being able to work from home, it seemed like it became like another side hustle to do even if people still have their own 9-5s. It does not just add financial stability in the short-term, but also adds that financial cushion for people that are seemingly doing enough with their regular jobs. It can even be not the career you're looking for or interested in since I did VA which is not really my typical career to follow, but would be willing to work as a side hustle just for additional income.

As long as it allows you to generate additional income that is outside of what you earn in your regular job, I think it is safe to say that it is a "side job".

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Quote from: dezoel on January 22, 2023, 09:41:00 AM

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well said, Mahn, If one has a job that pays so well, there is no need for the side hustle because the person would be pretty busy at that serious work that pays them well. But there are still some jobs that don't pay well, are time-consuming, and don't allow one to engage in a side hustle. But the truth is that it is so hard to get a well-paid job in some countries, as you mentioned.

According to the OP's question, yea, a side hustle improves some people's lives, but that's if they don't have a job that is paying well.

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I'm in two minds about all this talk of side-hustling, increasingly popular after Covid.

Yes, improves financial stability for the short and even medium term, but it usually involves some kind of enterprise that to me isn't sustainable without further investment into "upskilling"... and that takes away the focus from an existing career that, if spent time on, becomes the route to financial stability (provided it is a career you actually believe in and are interested in).

How about Bitcoin earning and DCA as a truly passive "side job"?

dezoel

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Side income is for people who do not have a proper job. You either own your job, or you work at a place that pays you well enough that you do not need it. If you both work, and it's also not enough which is very common in the current world then you have to improve yourself or just simply change your job. I have a job that I work, it's not my own job, but I like it as if it's my own job and I have to say that 24 hours a day is not enough for me to keep working, I could work even more if I had the time.

If I ever needed a side job then it means I am not earning enough from my job, and in reality it's the contrary, I could work even more and earn even more but I don't have the time for it. Find a job like mine.

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Quote from: Pamadar on January 22, 2023, 08:01:16 AM

Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

You need to learn how to adjust especially if you are saving some portions of your salaries, it will give you good backup funds in case emergency take place in the future.

Like you mentioned, high paying job means lots of competitions and it's not easy to acquire
you need to have huge knowledge about the job before you can land yourself in.

Acquiring more skills to find high-paying jobs should be our priority while we are can. Finding a side hustle to support our other necessities will be a good thing for us to be able to save and invest. Finding a high-paying job with a good working environment is a struggle nowadays but if we are equipped with the knowledge, we can find promising and decent companies. As the price of primary goods increases as well as our bills, we also have to double hustling.

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Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

Trust me to find a job that is stable as right now we can say that they pay high but you will not last for a year since they fire your or the company goes back up. Finding a company that has high wage are also difficult to find if you found one the requirements are very high and you are not applicable to apply for it. Others also take a lot of years like getting promoted to a position but you spend 10 years before you got it. On a low salary also you need to know how to budget and don't spend it on unnecessary things, also having a side hustle is difficult as you are just rendering a small time which is why others are just doing small businesses like selling things.

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Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

You need to learn how to adjust especially if you are saving some portions of your salaries, it will give you good backup funds in case emergency take place in the future.

Like you mentioned, high paying job means lots of competitions and it's not easy to acquire
you need to have huge knowledge about the job before you can land yourself in.

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Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

For me happened to go through several crises and I heard many times that it is difficult to find a well-paid job now, but I have always managed to find a job. It wasn't always an easy job, but I always made good money. This allowed me to save money and eventually I was able to go into the business that now provides for my family. Opportunities are always there, you should not be lazy to look for and find them, you should not hold on to one place where you are paid pennies, which are barely enough to live on, you deserve more.

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Quote from: og kush420 on January 21, 2023, 07:21:30 PM

Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

One should have a goal in life which they should work on and strive hard to achieve it.
Some people does that at early stage most of the people keep struggling the whole of their lives depending on their parents and sibiling

Having a goal in life is important, but everyone doesn't have the situation to move towards their goal. Majority of the common man just out of family commitment tries to find a job and end the life working on the same job. Dependence on parents and siblings is much experienced on the Asian countries than the western nations.

Having a side job in the present economic situation is really a must thing, as people were in need of more money to meet the life expenses as the inflation keeps increasing.

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Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

One should have a goal in life which they should work on and strive hard to achieve it.
Some people does that at early stage most of the people keep struggling the whole of their lives depending on their parents and sibiling

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Quote from: redsun114 on January 21, 2023, 01:12:22 PM

I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

To me there comes a time in everyone's life when we really struggle hard. In most cases - many people start struggling at early age.
For some people - sometimes the side hussle becomes their business and full time job. Depends on the mindset of the people and how ready they are to give up and give in!

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I think that even on the past, a stable and high paying jobs are already rare to find and in case you came across one, it will still be hard to apply on them due the benefits that entails on them. But we don't really need one. What important for now is to have any job which makes you some $$$. It must be enough to keep yourself alive.

If it pays less then you should learn how to budget or try to add another one (side hustle). That should make you feel better now. Saving must be practiced so that when unexpected events happen like a loss of job, you will still have something to get while you currently hunt for another job replacement.

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Quote from: crunck on January 14, 2023, 01:14:48 AM

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 ?

Well, it is not easy to get financial stability, especially during the current economic crisis caused by the pandemic and war. I have never felt financially stable even though my income is increasing year by year. Currently, I have just worked 2 jobs and added investment, but to be honest, I have never found myself having a stable income before.

You will never experience financial stability if you always stick to your old mindset regardless of how many jobs you earned right now. Because it’s not literally that once you attain bigger income, you will also set higher standards in living. Because if you do it that way, you will never prosper, but will always remain struggling when it comes to money matters. Instead, live simply and save your extra money so you will attain financial stability in the future.

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Quote from: Cryptodebjoe on January 19, 2023, 02:00:00 PM

As much as im a believer of the importance of side hustle i strongly believe that every man was created with a purpose inertly residing in our hearts. its therefore our duty to find that thing develop it and follow it passionately, now where side hustle is importan is that sometimes we may not have adequate capital to push our desired business or projects so we can hustle here and there untill we can gather enough then we tone down on the side hustle or else it may end up being a distraction to our ultimate goals....

Dont make yourself been covered into those distractions and you should tend to purse on what you do have in mind or in passion on doing so.its true that we do have those plans in our minds but there are things or factors which would really be hindering us for us to do so.Who doesnt really want to have that financial freedom or something that do talks about having a prosperous way of living when we do talk about money?
It is really just a matter of time and effort on how you would be handling yourself on achieving those things.Yes, it wont be simple but it isnt something impossible and this could really make you able to reach out
on things that you havent been able to do so.

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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 digital age has open everyone’s eye that relying on a single job isn’t always satisfying particularly to handle today bills that has been skyrocket with inflation, we are paying 3-4 times of what we were paying back then, there is need to have a side husle or job to bring more to the table, something that can help you as backup to your main job.

Side husle can also be time consuming but the advantage of it is that it's flexible, it's that kind of job that you do at leisure time and shouldn't inconvenient you like the main job. In fact, it should something you should do that you should enjoy, if it doesn't gives you room for flexibility, switch it up. Kiss

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As much as im a believer of the importance of side hustle i strongly believe that every man was created with a purpose inertly residing in our hearts. its therefore our duty to find that thing develop it and follow it passionately, now where side hustle is importan is that sometimes we may not have adequate capital to push our desired business or projects so we can hustle here and there untill we can gather enough then we tone down on the side hustle or else it may end up being a distraction to our ultimate goals....

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Without a doubt mate. Side jobs or any business small, medium, or large scale other than having a regular job helps immensely during this time of financial instability. This is the difference between the rich and the average/poor. Rich people usually have many streams of income, they are too diversified that they remain liquid if 1 or 2 of its business fail. The current financial instability actually enhances people to grind harder and smarter. Soon once the world economy is normalized, more ordinary people will become rich.

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Quote from: Inspiron14 on January 19, 2023, 06:00:36 AM

Quote from: libert19 on January 18, 2023, 10:47:42 PM

Yes it does. To ensure that, one can do side gigs irl or on sites like fivver, participate in bounties here, start a blog or a YouTube channel, learn investing.

There are many ways but above are some off the top of my head.

Actually, right now there is a lot we can do to have a side job, but that depends on ourselves,
there are many platforms that we can use even though we still need to learn them,
what is clear is that achieving financial stability requires hard work and it would be nice to have more than one source of income.

It sure would be nice to have more than one source of income. That way, an individual could afford whatever one needs and can still actually have some savings kept aside for the proverbial rainy day.
There actually may be ways through various platforms to earn some money but that also would warrant some sort of skills to be had. Financial stability does require hard work, a great deal of skills and some high level of formal education to enable one source for a good paying job, get and keep it. Not everyone can get and keep a side job though as it requires a great deal of time and effort.

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Quote from: Inspiron14 on January 19, 2023, 06:00:36 AM

Quote from: libert19 on January 18, 2023, 10:47:42 PM

Yes it does. To ensure that, one can do side gigs irl or on sites like fivver, participate in bounties here, start a blog or a YouTube channel, learn investing.

There are many ways but above are some off the top of my head.

Actually, right now there is a lot we can do to have a side job, but that depends on ourselves,
there are many platforms that we can use even though we still need to learn them,
what is clear is that achieving financial stability requires hard work and it would be nice to have more than one source of income.

Yep, income earning opportunities are very wide open at this time through the internet network, but indeed it will be difficult for people who do not have expertise and are not affected by the internet, therefore it is important for us to improve the abilities we have, to execute the opportunities that come our way. us either in the internet world or in the real world as additional income to stabilize our economy.
It is true that additional income outside of the main job can lighten our current economic burden.

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