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Author Topic: Does a side job/business improve your finanical stability ?  (Read 3434 times)
xSkylarx
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June 01, 2023, 10:31:11 AM
 #501

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!
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.
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.

You can't work until your lifetime. When you are really old, you only want to rest and also enjoy life. Having a business is really good, but not all of us can do it or have the skills to build one. It is really good because you aren't working under a boss as you are now the boss. But others still prefer going to work until old age, but only if they have savings or are investing in a pension so that they still have money even when they are old. But for me, it is really better to have a business because your grandchildren can take care of it, and it will run over a few generations, which is sure to make you happy.
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June 01, 2023, 10:32:21 AM
 #502

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.
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.
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June 01, 2023, 03:13:36 PM
 #503

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.

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Chainsmokers
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June 01, 2023, 03:39:17 PM
 #504

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.
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.
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.
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June 01, 2023, 04:01:55 PM
 #505

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.
Improving your financial capability also needs to decrease your expenses,

I mean if you already have some side job, better to make sure that you will not add any additional expenses, it's common
that after getting side income the expenses are also increasing because of some changes in how you spend your money,

if you are wise and you can control yourself, you can add more to your savings or add more to finance either your investment
or your business or can be done both, it will surely increase your financial capabilities.
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June 01, 2023, 04:15:52 PM
 #506

It is important to proactively prepare and take steps towards your goals, as it is essential to navigating uncertain times. While we can't predict the future with certainty, having a clear vision, setting goals, and taking action can increase your chances of success. Remember that setbacks and obstacles are a natural part of any journey, but resilience and perseverance can help you get through them. So focus on your long-term goals while being flexible in your approach. And most importantly, take care of your physical and mental health along the way.
bayu7adi
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June 02, 2023, 02:17:54 AM
 #507

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.
During leisure time, having a side job is always preferable to wasting time on nonessential matters. The greatest challenge for many individuals in pursuing a side job lies in maintaining consistency, often leading to premature exits before valuable lessons can be learned.

Today's younger generation is increasingly engaged in video editing and creating their own YouTube channels as platforms for their creative works. This is a commendable step that can serve as an inspiration for those who are unsure about which side job suits them best.

A YouTube channel serves as a medium through which one can open vast doors to success. With the enormity of the platform, numerous opportunities arise, but reaching the pinnacle of achievement demands sacrifices.
nesty
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June 09, 2023, 08:18:24 AM
 #508

Of course having a side job or a business can definitely improve financial stability. By having additional source of income you can increase your overall earnings and have more money to save or invest. This can help to achieve financial goals faster, such as paying off debt, saving for a down payment on real estate or saving for retirement. Starting a business can also be a great way to improve financial stability. It allows us to be our own boss and we have the control over the income of the company. We can choose to start a business in an area that we are passionate about which can make the business more fulfilling. Though it is risky to start a business we will need to be hard working and exert on dedication.

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June 09, 2023, 10:04:13 AM
 #509


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 ?
You have to change the mindset from relying on muscle to increase financial stability, make money work for you in order to achieve that goal. Work has a broad definition, at certain times you have to rely on experience and use technology to make money. Success can be achieved by opening a business, you can get regular income every day from the business you run. In addition, you need to combine your main job with a side job. It's a bit tiring to run two businesses at the same time, but you will achieve your goal of increasing financial stability more quickly.

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BRINIRHA
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June 09, 2023, 10:17:25 AM
 #510

It is important to proactively prepare and take steps towards your goals, as it is essential to navigating uncertain times. While we can't predict the future with certainty, having a clear vision, setting goals, and taking action can increase your chances of success. Remember that setbacks and obstacles are a natural part of any journey, but resilience and perseverance can help you get through them. So focus on your long-term goals while being flexible in your approach. And most importantly, take care of your physical and mental health along the way.
Maintaining health and still giving enough time for our bodies to rest is also very important and must be prioritized. Because to be able to remain a productive person and work optimally certainly requires a strong and healthy body. Especially if we also have a solid amount of working time such as having a side business to generate additional income.

A side job will usually be quite tiring and also requires high enthusiasm and motivation to consistently do it. But working part-time also shouldn't rob us of our rest time.
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June 09, 2023, 10:20:54 AM
 #511


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 ?
You have to change the mindset from relying on muscle to increase financial stability, make money work for you in order to achieve that goal. Work has a broad definition, at certain times you have to rely on experience and use technology to make money. Success can be achieved by opening a business, you can get regular income every day from the business you run. In addition, you need to combine your main job with a side job. It's a bit tiring to run two businesses at the same time, but you will achieve your goal of increasing financial stability more quickly.

there are many things that a person can do to earn more income to stabilize finances, I don't blame people who rely on their energy to be able to make more money but everyone will open their minds when they are no longer able to do that and still have to make extra money so that's when ideas will emerge that allow them to get more money.
many people will seek additional income from their main job and that is inseparable from the demands of desire or to guarantee their old age but while there is still time and it doesn't impact other things then I won't blame it.
these humans have different thoughts and ways but many of us have the same intention.
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June 12, 2023, 10:00:08 PM
 #512

It does to an extent because that extra money you get from their will go a long way in solving some problems, as far as the money you are getting is taking care of some bills but for you to e financially stable you have to work very hard and think on things to do in other to get yourself on the right track

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June 12, 2023, 10:17:57 PM
 #513


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 ?
You have to change the mindset from relying on muscle to increase financial stability, make money work for you in order to achieve that goal. Work has a broad definition, at certain times you have to rely on experience and use technology to make money. Success can be achieved by opening a business, you can get regular income every day from the business you run. In addition, you need to combine your main job with a side job. It's a bit tiring to run two businesses at the same time, but you will achieve your goal of increasing financial stability more quickly.

there are many things that a person can do to earn more income to stabilize finances, I don't blame people who rely on their energy to be able to make more money but everyone will open their minds when they are no longer able to do that and still have to make extra money so that's when ideas will emerge that allow them to get more money.
many people will seek additional income from their main job and that is inseparable from the demands of desire or to guarantee their old age but while there is still time and it doesn't impact other things then I won't blame it.
these humans have different thoughts and ways but many of us have the same intention.
Really up to someone because not all would really be that mindful about having that progressive life on which they would really be just contented on having that 8 to 5 job which it is something that couldn't really give you a financially freedom kind of life and if you do have plans on having that life which doesnt have any problems when it comes to money then you should work hard or extra for you to attain up such condition or
situation in life and not really just be contented on what you do have now. Im not saying that being contented is bad but if we do speak about financial status then we should really be striving and make out some
sacrifices or else, we would really be ending up on having a non progressive life or something that would really be just sufficient if not then it would be lacking on finances which there are things in life
which we might be needing more specially on emergencies or other correlated things. This is why it would really be better that you should really be having those kind of goals.
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June 12, 2023, 10:23:10 PM
 #514


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 ?

I think this brings up a very important topic here..always have a few months worth of living expenses saved up and stored somewhere "safe".  What I mean by safe is, something like a bank account that you can trust ( I recommend online banks that don't have brick and mortar locations which enable them to offer a higher interest percentage).

But sure, having a side job is always a good idea but you can't drive yourself insane with work, otherwise what's the point to all of this?

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June 13, 2023, 08:11:13 AM
Last edit: July 07, 2023, 06:50:26 AM by slapper
 #515

~snip~
Really up to someone because not all would really be that mindful about having that progressive life on which they would really be just contented on having that 8 to 5 job which it is something that couldn't really give you a financially freedom kind of life and if you do have plans on having that life which doesnt have any problems when it comes to money then you should work hard or extra for you to attain up such condition or
situation in life and not really just be contented on what you do have now. Im not saying that being contented is bad but if we do speak about financial status then we should really be striving and make out some
sacrifices or else, we would really be ending up on having a non progressive life or something that would really be just sufficient if not then it would be lacking on finances which there are things in life
which we might be needing more specially on emergencies or other correlated things. This is why it would really be better that you should really be having those kind of goals.
One group believes in staying in the 9 to 5 grind till death, while the other is busy amassing wealth. Yes, and you know what? Both are completely reliable. Where you are at on the Monopoly board of life determines everything.

Those who are content with their current working situations sometimes say things like, "I'm sailing smoothly, why rock the boat?" Others, however, are perpetually on the lookout for fresh opportunities to enrich themselves, and they jump at the first sign of success. To paraphrase their motto: "If you aren't living on the edge, you're taking up too much space."

Currently, society operates on a "gig" basis. If you're prepared to put in the effort, you can generate money in virtually any number of ways. We're able to side hustle, work extra jobs, etc. In the end, though, it all depends on us and the kind of lives we want to lead.

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June 13, 2023, 03:05:49 PM
 #516

I have a circular job that many people see me go to every morning and come back to in the evening, for me I will take this Bitcoin as a side hustle which is to help me becomes financially stable in case of any financial met down or loss of job. A side hustle is to improve your financial stability

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June 13, 2023, 06:36:50 PM
 #517

We can choose to start a business in an area that we are passionate about which can make the business more fulfilling. Though it is risky to start a business we will need to be hard working and exert on dedication.
In truth, everything carries risks, and without risks, we cannot attain the things we desire, such as wealth. Engaging in a side business for additional income is not a bad idea. Although it takes time to nurture its growth, it holds the potential to elevate our financial status as it expands.

The journey to becoming an entrepreneur indeed requires greater effort compared to being an employee. However, it's akin to a tree that needs nurturing from its early stages and daily watering. Yet, once it grows, the tree will bear fruit effortlessly, without requiring more significant exertion than before.
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June 13, 2023, 08:20:57 PM
 #518

It is important to proactively prepare and take steps towards your goals, as it is essential to navigating uncertain times. While we can't predict the future with certainty, having a clear vision, setting goals, and taking action can increase your chances of success. Remember that setbacks and obstacles are a natural part of any journey, but resilience and perseverance can help you get through them. So focus on your long-term goals while being flexible in your approach. And most importantly, take care of your physical and mental health along the way.
Side hustle is one of the important hustle we need to take serious to earn more money mostly when we ha e other things we are doing. Those we know how to find there way would not have problem on how to make money money and take care of there need when necessary. There are people today that are being choked with there work and they don't have time to add another hustle to there employment job which could have some effects of they are not being paid well I'm there various jobs.
Side hustle can make us not to even relent on the salary that we earn making us a profitable worker employing workers and growing businesses.

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June 14, 2023, 06:00:20 AM
 #519


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 starting up a business can definitely improve financial stability. A side job can provide additional income that can be used to pay off debt, save for the future, or cover unexpected expenses. It can also provide a cushion in case of a job loss or reduction in hours at the primary job. It is important to consider the impact on work life balance and make sure the side job doesn't interfere with the primary job or personal life. Starting a business can aslo improve financial stability, but it requires more time and effort upfront. A successful business can provide a steady income and potentially even replace the primary job. There is also risk of failure and financial loss, so it is important to do a research and plan before starting a business. Whether a side job or business is the best option for improving financial stability depends on individual circumstances and goals.

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June 19, 2023, 07:08:09 AM
 #520

Yes, having a side job or business does improve your financial stability. You are bringing in additional money that you would not have if you did not have a side job or business.
The good thing about having a side job or business is that having a supplemental income allows you to be financially ahead with your bills, rent, or other expenses.
This is why I like having my side job or business because I can generate an additional income in my free time.
Find different ways to make additional money and not be comfortable with your full-time job. Get ahead and get a side job to further achieve your financial goals.   

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