Does a side job/business improve your finanical stability ?

[laurenB7742]

unfortunately making a business is not as easy as we think, because it is not easy and has many competitors, and of course it is advisable to learn from someone who runs a business.
you can do it yourself but it will be harder because you start without having any knowledge of it.

A side job doesn't have to be a business. If you do not have the ability to do business or do not like business, you can choose another job to increase your income besides the main job. Like me, in addition to my main job, I spend the rest of my time on online sales, I also spend part of my time researching and investing in crypto and forex. It is also called a side job, and sometimes it gives me a better income than my main job. But I can't give up my main job, even though the income is low, it's more stable and regular than my side job. With a life full of difficulties like today, we should have at least 2 jobs to ensure our lives.

[cydrix]

To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.

[DoverDoane]

unfortunately making a business is not as easy as we think, because it is not easy and has many competitors, and of course it is advisable to learn from someone who runs a business.
you can do it yourself but it will be harder because you start without having any knowledge of it.

For side jobs, you can go through a web freelancer, it doesn't have to be a physical or offline business, you can run it online now, and a lot can be done from the skills we master, of course, it will be successful if you are diligent and consistent to do your best for getting clients and gaining their trust, and like a snowball you just have to look for the opportunity actually, in fact I've seen many people who can earn tens of thousands of dollars just by doing their freelance work.

[Fortify]

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 ?

It seems kinda obvious that a side business would be useful to your financial stability, as long as you manage it well enough to determine whether it is profitable. That is surprisingly overlooked by many people who go into business blindly without figuring out all the costs, you probably want a decent margin in there and not just to be scraping a profit (which can easily get lost in small deductables like fuel to drop off parcels or stationary costs which might be overlooked in calculations). It can also help to build a structure and routine, which is missing from some peoples lives and can actually be very beneficial for people. It teaches new skills and involves some innovative thinking most of the time, so generally a side business will be helpful.

[og kush420]

Yes and No, it depends on how much this side job is fetching you, some side jobs are for extra money and they are not much and some are so good that you can be able to invest using such money.

I don't like side jobs because you are still going to work under someone, I won't expect anything great or life changing from this, it will be good if you can learn a skill that's not going away any time soon, a skill that will last you for a very long term, for example, I.T specialist.

Your life starts changing the moment money starts flowing into your bank account from different sources of income, a good side job or business can be very handy for a grown up man.

I think side jobs don't just refer to working under someone. however, developing a business is also included in a side job. However, the aim of side jobs is to increase income which leads to improvement and stability of one's finances. many people seek and develop their side job, then leave their main job because the side job has a bigger income. However, I think people who have second jobs or businesses have a goal of improving their finances.

you have got a point here the best approach to life is to have your own small side business till the time you dont have investment

[nesty]

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 ?

Everyone of us needs to work to make a living. A regular job now a days is not sufficient to sustain our family's daily needs because of global economic crisis the goods prices surge up that affects our daily budget. Not only the goods but also the tuition fees of the kids, medical needs etc. That is why it is necessary to have a business and other sidelines to cover up our daily needs. Lucky enough if you could still save some for investments even if the budget is too tight. We need to work double time so that our family's could live a comfortable life.

[Pamadar]

To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.

If your timing is right and you fully understand what you need to do to ride along with the market, the chance is good for you to make some earnings inside this venue of investment.

Side job or any available venue to earn extra may allow you to improve your financial capability, but it's in need
for you in also budget yourself and try saving and not to overspend your extra earnings.

It's on you, if how you will manage your extra income, more on self-control and wise choices of investment.

[xSkylarx]

Yes and No, it depends on how much this side job is fetching you, some side jobs are for extra money and they are not much and some are so good that you can be able to invest using such money.

I don't like side jobs because you are still going to work under someone, I won't expect anything great or life changing from this, it will be good if you can learn a skill that's not going away any time soon, a skill that will last you for a very long term, for example, I.T specialist.

Your life starts changing the moment money starts flowing into your bank account from different sources of income, a good side job or business can be very handy for a grown up man.

I think side jobs don't just refer to working under someone. however, developing a business is also included in a side job. However, the aim of side jobs is to increase income which leads to improvement and stability of one's finances. many people seek and develop their side job, then leave their main job because the side job has a bigger income. However, I think people who have second jobs or businesses have a goal of improving their finances.

you have got a point here the best approach to life is to have your own small side business till the time you dont have investment

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.

[LastKiss]

To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.

~snip~
Side job or any available venue to earn extra may allow you to improve your financial capability, but it's in need
for you in also budget yourself and try saving and not to overspend your extra earnings.

It's on you, if how you will manage your extra income, more on self-control and wise choices of investment.

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.

[og kush420]

To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.

~snip~
Side job or any available venue to earn extra may allow you to improve your financial capability, but it's in need
for you in also budget yourself and try saving and not to overspend your extra earnings.

It's on you, if how you will manage your extra income, more on self-control and wise choices of investment.

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.

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.

[Dalib]

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 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.

[YinShuiSiYuan]

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.

[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 ?

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.

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

[Pamadar]

To complement a full-time job, it's always a good idea to have a side gig. Trading cryptocurrency or forex, especially during a bearish run, is a good alternative, but combining the two will take a lot of time. Investing in cryptocurrencies, especially during a bearish run, is another good option, though it is better for a long-term perspective that can guarantee a reasonable profit, setting up a side gig.

~snip~
Side job or any available venue to earn extra may allow you to improve your financial capability, but it's in need
for you in also budget yourself and try saving and not to overspend your extra earnings.

It's on you, if how you will manage your extra income, more on self-control and wise choices of investment.

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.

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.

[GigaBit]

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 ?

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.

[bettercrypto]

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.

[Iadegbola34]

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.

[salad daging]

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.

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.

[Oilacris]

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.

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.

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.

[smile1218]

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 ?

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.