Does a side job/business improve your finanical stability ?

[Lorence.xD]

It's an excellent point that people who are struggling hard are smarter than those who are begging for the loan and scammers. The fine line between them is whether they are willing to work hard as diligently as they can. We all know that all bankers lend money for profit and they don't accept any excueses if you can't pay off the loans. Sometimes they know many borrowers are not able to pay back but still they'll lend the money. Why ? Becasue for them, their job is to lend and it is other people's job to collect money and interest. If you can not pay back, that is your problem. Does this sound like a scam ? If it does, then we are living in a world full of scams and people who are working hard to make ends meet and even look for side jobs are decent and respectful.

I value people who earn money through hard work rather than those who scam people and get the money to spend on their luxuries.
There is no excuse why people scam. Some people believe they scam because they are poor - I think they are scammer that is why they are poor.

I agree, people who started from nothing is the people I respect a lot. I've seen a lot of people who got financially stable due to having a part time job. Focusing on having an income than finding a illegal money sources like scamming which really makes them poorer. Imagine you have to depend on scamming people for your needs what if one day you can't even scam 1 person for a week? Unlike part timing which they pay you and some of them respect your availability especially if you are a student. Being financially stable doesn't always mean you can buy whatever you want but its more like you can pay your bills with no worries. Any workers that have noble work is the people I respect a lot rather than justifying their actions by scamming people for their needs. Remember that your convenient will suffer others have some conscience.

[BenCodie]

If you can add a second/side job into your life without causing detriment to existing factors in your lifestyle, then why not? Work harder, plan smarter, progress faster! If you manage to balance something new alongside everything else in your life, there's absolutely no reason why you shouldn't end up better off or more financially stable, if combined with financially intelligent/responsible.

[xSkylarx]

If you can add a second/side job into your life without causing detriment to existing factors in your lifestyle, then why not? Work harder, plan smarter, progress faster! If you manage to balance something new alongside everything else in your life, there's absolutely no reason why you shouldn't end up better off or more financially stable, if combined with financially intelligent/responsible.

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

[Unbunplease]

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

Unfortunately, many people are now paid insufficient wages for a normal life at their main job (employers, taking advantage of the crisis, reduce wages, threatening to fire them). In addition, inflation leads to higher prices. That is why moonlighting becomes a necessity.

[Fatunad]

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

Unfortunately, many people are now paid insufficient wages for a normal life at their main job (employers, taking advantage of the crisis, reduce wages, threatening to fire them). In addition, inflation leads to higher prices. That is why moonlighting becomes a necessity.

Its todays standard and had become part of the reality on which lots of people had been suffering from underwage which its not surprising that mostly been suffering specially this economy is really having that bad inflation where every goods and needs had been affected which makes living even more harder.This is why it is really that important that you should really be finding other sources of income which would be able to patch
up on what you are currently experiencing. Most of the time to those people who do their best on finding one is the ones who do able to survive somehow and some do even gained even further which make
their lives financially free.This is why its always been ideal to act and not to just sticking on what you do have in mind but doing nothing.

[AmoreJaz]

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

Unfortunately, many people are now paid insufficient wages for a normal life at their main job (employers, taking advantage of the crisis, reduce wages, threatening to fire them). In addition, inflation leads to higher prices. That is why moonlighting becomes a necessity.

nowadays, the challenge is for the mankind to survive in various crises they are facing with. pandemic, inflation, food shortage, etc. they are all the current bottlenecks to survive. if you are not up to this challenge, you would easily find yourself in deep trouble, deep debt or having anxiety or you're struggling the depression brought by the hard life.

[Oasisman]

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

Unfortunately, many people are now paid insufficient wages for a normal life at their main job (employers, taking advantage of the crisis, reduce wages, threatening to fire them). In addition, inflation leads to higher prices. That is why moonlighting becomes a necessity.

It depends on the nature of primary job that you have. For the people here in a third world country, most of us here works for a minimum of 8 hrs 6 days a week, making it almost no time to perform a side hustle after your shift from your primary work ends for the day. I knew some people have the will to do 2 jobs every day, but I didn't see any significant changes in their financial status. Low paying jobs and continued high inflations are actually depriving people from the lower category to have their time for their family and for themselves, because working 8 hrs a day may not always going to be enough to feed his family.
Finding a 2nd job may not be necessary if you knew how to upskill and equip yourself from all the jobs that is in-demand over the internet today.

[DainSLane]

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 ?

If you have a stable job, consider starting a side hustle or freelancing on the side. This can help you earn additional income that can supplement your primary job, and even potentially become your main source of income if your primary job is lost. You could also consider investing in stocks, real estate, or other assets that can generate passive income.it's important to live within your means and avoid taking on too much debt. This can help you weather financial storms more easily and reduce the risk of falling into financial hardship.

[alastantiger]

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

Anyone with only one source of income or depending on only one source of income for survival is making a huge mistake regardless of how huge their salary in their current job. Side business no matter how small it is, hence it generates income on a daily basis is better than having just one source. I had a friend  who was working in telecommunication company, he had no other business aside from his work, he has three kids. Something happened in his work place and he was sacked, gradually he began to spend his little savings to a point where he had nothing and it was hard for him to get another job. He sold most of his properties just to survive. In conclusion, if he had a small business aside his work, he wont have go so broke. So i learnt from his mistake and today I have a little business aside from what I do.
So side business equals financial stability.

[autumnleaf]

Having more side jobs, especially in this day and age when so many people are switching to online employment, will still help you financially, in my opinion. A business, however, is still the best option for long-term success. We can't foretell what will happen in our lives or whether the current global financial crisis will still affect us, so just do your part to save and make plans for how to increase your income.

[Bitcoin2009]

A side job/business can certainly increase income, apart from working I also market the houses around me, this is because many houses are being sold and it is a good opportunity to increase earnings, and since 2023 I have sold 3 units of houses and if the sum of the commissions that I get is equivalent to a year's salary that I receive.

[BRINIRHA]

Having more side jobs, especially in this day and age when so many people are switching to online employment, will still help you financially, in my opinion. A business, however, is still the best option for long-term success. We can't foretell what will happen in our lives or whether the current global financial crisis will still affect us, so just do your part to save and make plans for how to increase your income.

increasing income through side jobs can indeed help our financial condition to be better. but we also have to control our rest time. that is, don't let side jobs make you not have enough time to rest, such as lack of sleep. but at this time there are indeed more side jobs that can be done through online jobs that can be done even while we are relaxing and resting. Side jobs now are different from jobs in the past which only relied on physical side jobs that can make us more tired and have less time to rest. and we must not forget that health must be the main thing to be maintained. because health is our most valuable asset.

[Davian144]

A side job/business can certainly increase income, apart from working I also market the houses around me, this is because many houses are being sold and it is a good opportunity to increase earnings, and since 2023 I have sold 3 units of houses and if the sum of the commissions that I get is equivalent to a year's salary that I receive.

That is a very reasonable commission for you to receive, because selling a house is not an easy job and not just anyone wants to buy a house unless the price is really cheap. Successfully marketing three housing units this year, which generally hasn't been running for too long, is a very extraordinary thing, especially if the commission can be equivalent to your salary for a year of work.

I think it's a very decent side job for you to run by taking advantage of the conditions in your own neighborhood where you say there are lots of houses for sale. Because now to get a side job, you also have to be able to see opportunities so you can use them to get that job, which of course can increase your income.

[Hamza2424]

I don't know the name of the person but my elders say that must find more than 2 two sources of income and never tell the exact amount of money you earn not to anyone including the closest person. It will be beneficial for you in the future so according to my analysis and observations in society Side Jobs work as the antipodes to the poison just (an example). Sometimes extra money saves your dignity and sometimes even life too. So its necessary for everyone to have extra sources of income.

[erep]

I don't know the name of the person but my elders say that must find more than 2 two sources of income and never tell the exact amount of money you earn not to anyone including the closest person. It will be beneficial for you in the future so according to my analysis and observations in society Side Jobs work as the antipodes to the poison just (an example). Sometimes extra money saves your dignity and sometimes even life too. So its necessary for everyone to have extra sources of income.

Work from other sources is not a priority even though they get extra income for economic growth, because some people already earn high income from their main job and don't have other time to work extra, so any type of side job must maximize time so they don't force themselves to work without allocating time. for rest and exercise. I'm only suggesting from the fact that my friend worked hard from several side jobs but in the end he had an illness and his money was not enough to restore him to his previous condition.

[Dunamisx]

Doing side jobs pays for one to afford a desired standard of living because you will always finds something doing occasionally to help meet up with the financial needs, most of the side jobs takes no much time in doing them, some even comes with a good package that pays than the major income earned per week, some people can't just do without menial jobs because of the profits that comes in through such.

[Farma]

as you said, until now I am still trying to maximize the income from the business that I am currently doing. if one day my job disappears, I still have a business to run. after all, we cannot depend on a single income. we need to have a side job to build a business that can give us profit every day or every month. we do this as a precaution when we lose the main source of income that we have today.

[Marcellin9]

I don't know the name of the person but my elders say that must find more than 2 two sources of income and never tell the exact amount of money you earn not to anyone including the closest person. It will be beneficial for you in the future so according to my analysis and observations in society Side Jobs work as the antipodes to the poison just (an example). Sometimes extra money saves your dignity and sometimes even life too. So its necessary for everyone to have extra sources of income.

Work from other sources is not a priority even though they get extra income for economic growth, because some people already earn high income from their main job and don't have other time to work extra, so any type of side job must maximize time so they don't force themselves to work without allocating time. for rest and exercise. I'm only suggesting from the fact that my friend worked hard from several side jobs but in the end he had an illness and his money was not enough to restore him to his previous condition.

That's true. Another source of income is indeed a blessing but there is always a balance between work and rest/life. I have also seen many people from my parents' generation who maximized every minute to do any jobs they got but as they grew old, their bodies just could not bear all the sufferings and collapsed. Physical and mental stress must be considered whenever considering a side job. I know it is hard to find that balance but we must do it if we want to live a better life in the long term.

[MusaPk]

There are no way to find a side jobs that you wont sacrificing any , like your time , sleep or energy because my self right now even i do work remotely as well as sidehustle i still don't have time to play on my child and also lack of sleep which you really need to sacrifice those things for you to achieve those things. Lucky those people who can still manage their time but again don't go over it that your health will got affected.

If you are doing a side job with existing job then defiantly it will take your time and energy that is meant for your family and for yourself. If you have a full time job then go for options like participating in some bounty here on bitcointalk.org that can give you good return after every week or month. Such type of work wont effect time reserved for your family and also your sleep. If you do a side job apart from your full time job then surely your health will deteriorate in the long run. Money is essential for good life but it must not come at the cost of your health and happiness.   

[DainSLane]

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 ?

In my Opinion Diversifying income sources and having a practical financial plan can help ensure financial stability in uncertain times.it's essential to have a realistic and practical financial plan that takes into account your current income, expenses, and savings. This can help you identify areas where you can cut back on expenses and increase your savings to create a financial buffer for unforeseen circumstances.