Don’t rely on one stream of income. Have both passive income & lump sums of income
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Published on 17 Apr 2023 / In
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Generate both passive income as well as lump sums of income
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Hey bro, I totally respect you. I have two streams of income based on my current time/skill set. During the the week, I work a four in finance: a very responsible and involved job in operations with one degree of separation from the advisors. On the weekend (two shifts), I work as a concierge/security guard at a corporate office in the town where I live.
While I have no social life for sure (at least for now), I can't tell you how much peace-of-mind two incomes gives me. The earnings from my weekend job completely pay my rent. That's right...my side hustle pays all of my rent. Even if it paid most of it I would be happy.
While I'm doing these two jobs, I'm becoming professionalized in my primary job which will allow me to make more money there but also "at some point in the future" switch out the weekend job for higher paying remote/freelance part time work doing other areas of finance. By that time, the remote/freelance work becomes a "side business" which if need can be scaled into a full business if my "week day job" is eliminated due to economic conditions.
I can do all of this because I'm not married nor do I have children. For those of you who are married, the side hustle part of my narrative above is at least available to you.
I wish all a very prosperous life.