Does a side job/business improve your finanical stability ?

[xSkylarx]

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.

[Cling18]

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.

[dezoel]

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.

[buwaytress]

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"?

[Dr.Bitcoin_Strange]

Snip

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. 

[isaac_clarke22]

~

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".

[cabron]

~

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. 

[ningrum]

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.

True and we can have these skills if we try to keep learning,
keep learning new things I think it will open or explore our potential and of course that is a good thing,
High paying jobs certainly have a lot of requirements.

[og kush420]

True and we can have these skills if we try to keep learning,
keep learning new things I think it will open or explore our potential and of course that is a good thing,
High paying jobs certainly have a lot of requirements.

skill sells degree does not- we have seen and learnt in our lives that the skillful people are admired and valued everywhere.
During COVID many people started small home based business and earned a few extra bucks.

[Jensen Guttenberg]

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 ?

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

[erep]

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.

It is very difficult to find a high paying job unless you have the knowledge and degree of higher education to take job vacancies prioritizing skills and knowledge at the best companies, you will be competing with many other applicants with better skills than you. The choice is better to work in other vacancies even though the salary is sufficient for a month's needs, at least we don't use savings or withdraw crypto investment for monthly needs.

[Cryptock]

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.

It is very difficult to find a high paying job unless you have the knowledge and degree of higher education to take job vacancies prioritizing skills and knowledge at the best companies, you will be competing with many other applicants with better skills than you. The choice is better to work in other vacancies even though the salary is sufficient for a month's needs, at least we don't use savings or withdraw crypto investment for monthly needs.

That is why I have started thinking to make my own small business
Although I am not the sole owner but I will start my own small business and will work really hard to make it a successs.

[molsewid]

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 ?

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

I agree, it is always needs our participation of course. I believe that we ca get our promotions and salary increases if we will obey the manager and making the things that I given to your tas as an employee. We don't need to answer that questions we need to be patient because life seems so slow and we just want to fix things and made our financial stability into a success.

[Cryptock]

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 ?

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

I agree, it is always needs our participation of course. I believe that we ca get our promotions and salary increases if we will obey the manager and making the things that I given to your tas as an employee. We don't need to answer that questions we need to be patient because life seems so slow and we just want to fix things and made our financial stability into a success.

Most of the people are good at giving excuses - they don't want to work and and would spend most of the time giving excuses.
However there are a very few hard worker - infect smart workers who would really give their best and wins the heart of their master -sometime bad line manager is the worst thing you would ever get in life. But hard work don't go unrecognized.

[og kush420]

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 ?

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

not all the business needs much investment - when COVID hit - many people started their side hustle from their home and they earned so much with zero investment
The side hustle needs dedication and that is the only thing which can make a business successful

[blockman]

not all the business needs much investment - when COVID hit - many people started their side hustle from their home and they earned so much with zero investment
The side hustle needs dedication and that is the only thing which can make a business successful

There's affiliate marketing which is already known. You don't have to invest in stocks and products. The logic and simplest explanation of it is that you'll be promoting others' products and you need to use their affiliate link for you to have it count when someone clicks and buys the product you endorsed.
This is a side hustle but if you're able to make it your main niche and focus on the way of marketing it. You'll be able to earn a lot of passive income from it especially if you've made an interesting article/blog or video introducing the product and it gets viral.

[Fara Chan]

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 ?

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

And apart from a side job/business, we actually have to have sufficient knowledge to carry out all of these things, we need sufficient material/knowledge and knowledge to get started, courageous determination and optimal hard work greatly affect it, both before and now of course good skills really determine how efficient the side business is.

[awik p]

not all the business needs much investment - when COVID hit - many people started their side hustle from their home and they earned so much with zero investment
The side hustle needs dedication and that is the only thing which can make a business successful

There's affiliate marketing which is already known. You don't have to invest in stocks and products. The logic and simplest explanation of it is that you'll be promoting others' products and you need to use their affiliate link for you to have it count when someone clicks and buys the product you endorsed.
This is a side hustle but if you're able to make it your main niche and focus on the way of marketing it. You'll be able to earn a lot of passive income from it especially if you've made an interesting article/blog or video introducing the product and it gets viral.

during the Covid period until now in my country many online businesses have developed, especially the sales department, especially resellers, we can imagine when there is a layoff, and many people do not have sufficient capital to set up a business, besides that the risk is a scourge for those who have never started to running a business. therefore the reseller business is very promising and of course we don't need to produce goods to be sold, even just by working from home we can make money. besides that there is also a marketing system called drop shipping, we don't even know the form of the goods being sold, the product can reach the consumer and we get a service fee from the sale. and of course many of them who were only a side business actually earn more income than their salary working as employees, because of course they are not bound by time so they can be used as a side business

[blockman]

not all the business needs much investment - when COVID hit - many people started their side hustle from their home and they earned so much with zero investment
The side hustle needs dedication and that is the only thing which can make a business successful

There's affiliate marketing which is already known. You don't have to invest in stocks and products. The logic and simplest explanation of it is that you'll be promoting others' products and you need to use their affiliate link for you to have it count when someone clicks and buys the product you endorsed.
This is a side hustle but if you're able to make it your main niche and focus on the way of marketing it. You'll be able to earn a lot of passive income from it especially if you've made an interesting article/blog or video introducing the product and it gets viral.

during the Covid period until now in my country many online businesses have developed, especially the sales department, especially resellers, we can imagine when there is a layoff, and many people do not have sufficient capital to set up a business, besides that the risk is a scourge for those who have never started to running a business. therefore the reseller business is very promising and of course we don't need to produce goods to be sold, even just by working from home we can make money. besides that there is also a marketing system called drop shipping, we don't even know the form of the goods being sold, the product can reach the consumer and we get a service fee from the sale. and of course many of them who were only a side business actually earn more income than their salary working as employees, because of course they are not bound by time so they can be used as a side business

A crisis really makes everyone wants to find ways in surviving. That's all the main reason why everyone thrives to find a way to earn and make more for a living.
Even businessmen have done for sure a lot of things just to survive even if their businesses have struggled. The same goes for those employees that don't have a pandemic-proof job. Work-from-home setups have amazingly become a trend and it's good that many companies did what they have to do to give opportunities to those that have been in lock downs and looking to survive for their daily needs.
Now, the pandemic has taught a lot of opportunities shouldn't be taken for granted and everyone is striving to become better because of everything is unpredictable.

[fadhilz123]

Remember that starting a side business takes time, effort, and dedication like everything. You gotta be patient and precise. But with the right mindset and approach, it can be a great way to improve your quality of life for sure.

In addition to the time, energy and thoughts that must be poured into a side business that you want to start. There is one more thing that really supports the running of this side business and if it is forgotten then any business will not go according to plan even though someone has devoted more time, energy and thoughts. That is the initial MONEY or CAPITAL that will be used to buy side business needs that you want to build.

And apart from a side job/business, we actually have to have sufficient knowledge to carry out all of these things, we need sufficient material/knowledge and knowledge to get started, courageous determination and optimal hard work greatly affect it, both before and now of course good skills really determine how efficient the side business is.

Knowledge is also an initial capital besides money, energy, time and thoughts as I mentioned above. Because without sufficient knowledge, of course a person will not be able to run any business in his life even though he has provided money, thoughts, time and energy within himself to start a business. Because often some people don't start a side business, not because they don't have the four aspects I mentioned above, but because they don't have enough knowledge to start one.