Does a side job/business improve your finanical stability ?

[harapan]

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'll be so unwise of me to depend confidently in my present career or job in this ongoing crisis with finance.The Internet here also serves to us a better masterpiece of finding job opportunities.
It's true that to make a living,you must work hard,not necessarily you been a jack of all trade,but its best you're specific about what you intend to do and desire.Currently,there are no jobs anywhere,so many graduates are tired of rendering and submitting their CV's to companies/firms because almost all their efforts to seek one has displayed fruitless.
 The truth is that having a side hustle can literally improve your financial living.Consider the fact that you're spending every income/profit from your side hustle on your personal upkeep,and your salary alone goes to investment and savings.Then you need not to worry about anything in particular because you've literally created substitute for comfortable experience.

[Gormicsta]

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 ?

Well, I agreed with you. With the way our country is now, we don't have to only depend on our work that pays monthly, we have to do a side job or business that we earn money daily or weekly because it will save us from a lot of pressure from the country like high cost of goods and services and with side job or business, we will be able to save for future use and gives us peace of mind .
Doing a side job or business can be very helpful and improve our financial stability in some ways.

[Assface16678]

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 ?

Well, I agreed with you. With the way our country is now, we don't have to only depend on our work that pays monthly, we have to do a side job or business that we earn money daily or weekly because it will save us from a lot of pressure from the country like high cost of goods and services and with side job or business, we will be able to save for future use and gives us peace of mind .
Doing a side job or business can be very helpful and improve our financial stability in some ways.

Not just a side job or part-time job, because you are not sure for how long you can sustain working in your full-time, side job, or part-time job, right? Instead, aim to have a business where you know you can handle or manage it. Make use of your skills and mind in order to come up with a business you might establish that can guarantee you a profit for the long term. I said this because this is my long-term goal, where I don't want to work in corporate for too long. I want to have a business when I'm still young and make it grow and focus on it so that I am the boss and I can handle my own time. But of course, establishing a business is not that easy. That's why you can only do that if you know what you are capable of, business or investment that should be the goal for those who are already in corporate work.

[hyudien]

Not just a side job or part-time job, because you are not sure for how long you can sustain working in your full-time, side job, or part-time job, right? Instead, aim to have a business where you know you can handle or manage it. Make use of your skills and mind in order to come up with a business you might establish that can guarantee you a profit for the long term. I said this because this is my long-term goal, where I don't want to work in corporate for too long. I want to have a business when I'm still young and make it grow and focus on it so that I am the boss and I can handle my own time. But of course, establishing a business is not that easy. That's why you can only do that if you know what you are capable of, business or investment that should be the goal for those who are already in corporate work.

That's right, if we realize we have a skill then we should be able to hone it and make it an additional source of income for us. Because I think depending on the main job alone might be enough, but if we still have free time after returning from the main job, there's nothing wrong with doing our skills that might be able to produce income too. Full-time work is sometimes tiring, but I think when we work with the skills we have it will be fun, because the skills we have certainly have a fun side too.
I think almost everyone wants their own business, especially people who want to advance in life. They must be trying as much as possible to have their own business, because it's true what you said, it's also impossible to continue working in a company, sometimes I think I see those who work in the office or company boring, but I don't know clearly too. I myself prefer to work in the open field mingling with many people, even those I don't know. It's just that if you really want to have a side business, you have to be able to manage your time so that you don't lack rest too.

[MissNonFall9]

With today's rising standard of living and the volatility of the global economy, the importance of having another job or business alongside one's current job to improve one's financial stability cannot be expressed by words. And I think there will be more instability in this global economy in the future, either due to the arrival of various pandemics or wars. So to stabilize my future life or increase financial security in my future life I decided to invest in my present job as well as satisfaction and I invested in BTC in an initial and experimental very small scale. Although this seems to be a very difficult thing for me, I think that working through hardships is never in vain, hopefully from here, I can also create a stable economic system.

[sekalitas]

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 I will seek out additional income sources to diversify my financial security and avoid relying solely on one source in case it encounters difficulties. Ideally, I would like to have a diverse income portfolio, with one source providing a stable income to cover basic expenses and another offering long-term growth potential and the possibility of higher earnings. Additionally, I believe it is crucial to establish an emergency fund that can cover at least six months of living expenses.

[boty]

I think I will seek out additional income sources to diversify my financial security and avoid relying solely on one source in case it encounters difficulties. Ideally, I would like to have a diverse income portfolio, with one source providing a stable income to cover basic expenses and another offering long-term growth potential and the possibility of higher earnings. Additionally, I believe it is crucial to establish an emergency fund that can cover at least six months of living expenses.

When we know that having only one source of income cannot meet our needs and it will be very difficult for us to save and we have to look for other sources of income in order to meet our needs and also save or even invest for our future, Having an emergency fund is indeed a very important thing because we will never know for sure when we will need these funds, so the best thing is to prepare in advance so that it won't be difficult when we experience the need for emergency funds that we need, but if we only have one source of income Of course it will be very difficult to think about having these funds.

[Barikui1]

Considering the current economic situation all around the world, it's very wrong and it's unsustainable for and individual that have family to depend on a single source of income, because the economic pressure keeps on getting higher and higher even now, and then.

Like in my own state, I have two jobs am doing that even gives me spare time to use in some other productive things, but I also have some investment already in place which I believe will be rewarding to me in the nearest future, so it's very good that in this current economic situation, you have more than a source of income, though it can't garrantee financial stability, but your economic situation will be much more better.