Topic: Does a side job/business improve your finanical stability ? - page 3. (Read 3451 times)

However, side jobs are optional depending on the conditions and needs of each person,
even so, as long as we still have a lot of time, maybe it's better to use it for useful things, one of which is by having a side job,
considering that the need can continue to increase and we never know what the future will be like, so set aside this additional income for saving.

A side job or business can improve your financial stability if it is managed properly. and your time and resources can be referred to businesses to benefit from training that can improve your financial stability. A side job business provides the opportunity to manage your finances. and it will help you to increase your financial resources and proper fixed money system. A side business will give you the skills to work independently. And your job training will allow you to manage your work hours and set appropriate rules. This will improve the financial stability of your side business.

Well, it's true that even though we already have income from our main job, sometimes we also need additional income from a side job to make our financial condition more stable. And I also do the same thing, namely I still have a side job to get additional income that I can use to invest and save. and I want to have a lot of investments that can help me in my old age and also help my children so they can get a decent education and life in the future.

Of course, the hope is that if we do a business or a side job, we can increase our income. I also do a lot of side jobs, such as being a property marketing, especially for apartments, because as an apartment marketing, you don't need to come to the office regularly, you just do simple things, namely promotions in many media and if there are candidates the buyer can then make an appointment when he gets home from work or on holidays.

the needs of the old age later encourage us not to rely only on work with a monthly salary, I have thought about this so that is the reason I build a business, even if it is small.
and another thing that encourages someone to work on the side is the lack of money to make ends meet, sometimes there are some people who cannot make ends meet with their monthly salary so they decide to work on the side.
if there is time and desire I think a side job should be done, not only to stabilize finances but can be a savings or investment for the future.

Absolutely... No one knows about it and the future. As long as someone isn't lazy, having free time is actually an opportunity to showcase their ability to grow. And it's important for someone to have a rival when they want to develop their skills or knowledge.

In my opinion, it is crucial for someone to have side activities that can thrive and evolve. A regular job cannot guarantee our productivity in old age. The elderly need passive income to continue enjoying life happily. Therefore, relying solely on a high-paying job and a monthly salary is not something extraordinary for the future. We need other sources that have the potential to provide us with prosperity in the future.

Take that time to upskill, maybe learn a new coding language or get certified in digital marketing. As you've rightfully pointed out, this could be a great time to pump some iron or devour some enlightening books. Because who knows, the skills or knowledge you gain during this time might just land you an even better side gig in the future!

In situations like that, of course the Money-over-Effort variation won't apply. In my prior post I said that there are factors (emphasize on the plural) that could help you gauge whether your hustle is a good one or not. Money-over-Effort still is the main pointer, but in certain situations like the scarcity of open jobs, as well as the creative drought as you have mentioned, well then it's up to the person itself whether they'd much rather spend time resting and making sure that their mental health is fine and dandy, or if they are going to take up another job that doesn't pay as much as they wished it would.

Personally, I'd much rather rest and do stuff on my end, stall opportunity, while at the same time bettering my self in other ways like lifting weights, taking care of myself, or reading self-help and good books that would nourish my brain.

The Money-over-Effort Variation is a great gauge for how PROFITABLE a side hustle is, in the event that you are in the position where you can find other ventures that would better suit you. If it comes to a point where it's between choosing a low-paying job over resting, it's something that the person itself could only answer. I'm no psychologist, just some dude on the internet trying to impart something that I think is good and might help people who are unknowingly lowballing themselves by staying in a dead-end side hustle when they have the opportunity to make the switch.

There will always be people whose salary is not enough for them not only to support the family but also to pay the bills and in most cases freelancing is the key to achieve that, even if it means they almost have no free time and almost their whole day is consumed by work. Nowadays due to expensive goods and other necessities, it is also very optimal to find extra income, but the problem is nowadays too due to high supply of freelancers and lack of demand, the competition of applying to decent paying ones are very high, that is mostly you can see in most cases several freelancers are flocking to apply on that said position.

There will always be people whose salary is not enough for them not only to support the family but also to pay the bills and in most cases freelancing is the key to achieve that, even if it means they almost have no free time and almost their whole day is consumed by work. Nowadays due to expensive goods and other necessities, it is also very optimal to find extra income, but the problem is nowadays too due to high supply of freelancers and lack of demand, the competition of applying to decent paying ones are very high, that is mostly you can see in most cases several freelancers are flocking to apply on that said position.

if you have free time of course that's great but if the main job takes a lot of time and already has enough income I think a side job is not needed anymore.
side jobs are only needed by people who have a lot of free time and lack of money.
our body also needs rest so that must also be considered, not only because of money everything has to be chased.

A side job or business is not a terrible idea at all, but both can enhance your financial situation. Anything that will bring in money matters, but operating a business in an economy with high inflation carries a lot of risk.  Earnings can't even keep you afloat anymore because everything is getting more and more expensive. I respect individuals who have wives and children because it's damn hard to take care of them and talking about feeding and other maintenance isn't even humorous. And if you're searching for a side job, I believe you should search for one that pays better because it will at least help you financially, albeit the higher the salary, the more complications there may be, Thats life for ypy.

~snip~ What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?

yeah that really helps. With additional work, I can save and invest more confidently because I have free money that I save. On the other hand, I still have money for my daily needs. we really need additional work if it is to make us want to develop financially so that we become people who have far more financial freedom than continuing to be employees.

side hustle, in this era it is very useful to make someone not dependent on just one source of income ^{(even a country, will not be able to develop if it only depends on 1 reliable source of income)}, apart from that, a side hustle can also help you achieve financial freedom, as long as the time you spend is well organized.  don't be lazy to think & don't be satisfied with what you get today ^{(if you only have 1 source of income)} keep developing your skills to be able to get more money from other sources.