Topic: Does a side job/business improve your finanical stability ? - page 7. (Read 3440 times)

Regarding side jobs it is an option and it depends on them whether they need more income or not,
if with their main job they feel financially stable maybe they don't need a side job,
it is much better if you have more than one source of income.

Yes it does mate , when i start learning this market I have my decent job , and yes I am earning enough but thats it, then I start working and investing here in crypto, having signature campaign(as side job) investing in some coin that I consider business lol , and yes it improves my financial stability and indeed, that i have best result now as i have savings , holdings and I can say that having a good way of living.

It should be everyone that their salary isn't enough needs side hustle but still there are still people lets say their salary is enough but they are planning to buy a car which mean to save time and it wont take long to purchase your car then you'll be finding another source of income to save a lot so still it depends on instances but again no matter what you'll be financial stable if you can buy your needs and wants without struggling like borrowing to others.

not all of that if someone has earned a lot of money from their main job and spent a lot of time on that one job I don't think they need a side job to stabilize their finances.
all of that is not only about money but also about limited time, everyone certainly has a great desire to be able to earn extra money by working on the side but not everyone has enough time for that.
so I think it doesn't apply to everyone even though it's true.

Usually, if the level of income from a business or side job can be far greater than the main job, someone will try to find the time and resources so they can run the business or side job without having to sacrifice their main job. Because every income or job that can generate money will always be valued and cared for very well by all and it will definitely be carried out even though it has to go through a method that may be slightly different from what is usual.

Because now it is also very difficult to build a business or side job that can make money in life, so many people are competing to make this happen so that they can earn a better income, even though they have to consider the time and resources available. After all, that time can be divided according to the needs so that the business can run, as well as resources which can also be by paying employees if needed in running the business.

Every person needs a source of side income for financial stability. Otherwise people always have to go through financial depression. Moreover, with the money earned during working life, many people only end up paying for their daily expenses. As a result, there is a limitation in the quality of life of those people. If any other site job can be kept ‍with main duty then we can expect something good. Through side job a person will be able to achieve financial goals along with financial stability.

A side job/business, of course, aims to increase income, if income does not increase then it's better to sleep, there are many things we can do to increase earnings, and in my opinion the easiest thing is to use the internet to earn income, we can open an online store without having to have stock because many resellers are giving attractive offers.

Having a side job or a business can definitely improve our financial stability. With that It can provide us with additional income streams and we can diversify our sources of income, which can help us better in our financial challenges or problem. However, it's important to carefully consider the time and resources required to start and maintain a side job or a business, as well we should know the risk we are about to face. So identify and evaluate yourself if you are capable of doing side jobs or business.

With having that inevitable inflation plus having that bad governance and lacks of opportunities around then it would really be just that hard to sustain your life on this way. If you wont really be finding

ways to make your life way more better then you would really be finding yourself into a bad situation and this is why it would really be just that right that you should really be that mindful in towards your actions on having or seeking more source of income to make your living way more better.Yes, its hard but if you wont really be making out some action then you would really just remain poor.
If on the current job you do have on which you do able to sustain yourself but almost close to border line, then it would really be just that right that you should really be that mindful
on getting some other income sources. It is really not a good way of living when you are really that too stressed just because your salary isnt really enough on paying
up the bills.

Life is becoming difficult day by day because the needs are increasing while the source of income is still there is no change that does not bring prosperity to our lives, I know it is very important to get additional work so that we are not lacking in what is needed now the price is getting higher while the value of money it is getting less and less, well if we are not in a government agency then there is no proper guarantee for that while those who work more work for very minimal wages, but to avoid this problem we must be able to increase other income from whatever we can.

Investing is good but I don't like altcoins, so it's better to choose bitcoin as an alternative for our future assets, and this is actually not a fixed source unless we have additional income to help life from a minimal salary.
So staying with an additional source of income is for welfare and we are not all lacking.

I completely understand where you're coming from. The pandemic has caused so much uncertainty in the job market, and it's become increasingly difficult to find stable employment with a good income. It's a challenging time for many of us, and having a side job or business seems like a smart move to ensure financial stability.

Personally, I believe that diversifying your income streams is key to weathering any economic storm. Having a stable job as your main source of income is important, but it's also essential to have other sources of income that can provide a safety net in case you lose your job or face unexpected expenses.

In my case, I've been focusing on developing my skills and expanding my knowledge in areas where there is a demand for freelance work. This way, I can take on side jobs whenever I have the time and capacity to do so. I also try to save as much as I can and invest my money in low-risk, high-return opportunities that can provide some passive income.

Ultimately, there's no one-size-fits-all approach to ensuring financial stability. It's all about finding the right balance between stability, risk-taking, and adaptability. It's a process that requires constant attention and adjustment, but I believe that with the right mindset and strategy, we can all thrive despite the challenges we face.

Maybe you mean part-time job? Actually having additional income can really provide stability to our finances especially if this extra income is stable and really helps.

        It's just like my stay here on this forum platform, it's just one of my sideline jobs and it's helping me a lot anyway, to be honest, and even in other communities here, they probably do the same for sure.

Living is becoming more difficult day by day. During this time if any other work can be done in addition to the specific work then it is much easier to make a living. Moreover, in this competitive world of work, there is a possibility of losing job at any time. A nongovernmental servant always leads his life with such uncertainty. Naturally it is better for a person to have an alternative source of income whatever his business or job. Which is able to provide financial security to that business or job. I have personally invested in cryptocurrencies along with job. I have taken up this investment as my side job or business. Though i am holding  i won't get any regular income from my investment but i am dreaming of owning big assets in the long term.

Not a guarantee at all, but if you will invest time to learn more about this venue of investment, the chance is good to earn decently.

We are on the same page in terms of not to overspend and use our money wisely. Buy what you need and not the wants
to make sure not to spend on something that is not necessary.

With that kind of goals and mindset, putting business or investing into something that you know better can give you
the success that will help you to attain financial stability.

side hustle is very important for the mental health as well otherwise people spend so much time in thinking
I have been an overthinker and wasted so much of my time in thinking about unnecessary stuff. But since I started side hustle I have been at ease financially and mentally

Yes with current inflation and financial burden everyone is having some business is a must to maintain a balance .
Realistically prices of everything is increasing but the wages of lower and middle class is not increasing with that proportion so for them its really difficult to provide basic facilities to their family.
There should be some side business and extra income for them to live thier lives easily.

In uncertain economic times like the present, it's crucial to have a plan for ensuring financial stability. One way to do this is by diversifying income streams, which can include having a stable day job while also developing a side business or freelancing gig.

By having a side gig, you can create an additional source of income that can supplement your main income and provide a safety net in case the main source of income is disrupted. It's also important to develop relevant skill sets and stay current with industry trends to make yourself more marketable.

Another way to ensure financial stability is by building an emergency fund. This can be done by setting aside a portion of one's income in a savings account or other low-risk investment. Having an emergency fund can help cover expenses in case of sudden job loss or other unforeseen circumstances.

sometime it depended on the business and sometime it depends on your luck as well. It is good to invest small amount than to take loan and repent later.

I agree that we need to do saving and not overspend on something first, many people tend to invest their money or trade their money to get more income but in my opinion, if we want to reach financial stability we need to not overspend on something that we actually don't need. Since investing and trading has a risk both of them won't guarantee our side income.

It is still depends on the someone preference because not all can start small business as there are no capital and difficult to run it without any knowledge but it is really best because it would be passive income in the future if your business will be successful but for now if you have like family to feed and if you take risk to start a business and then it wont be successful both of you and your family are at risk.