Comments on: Take a second job or build a side business?

By: Estate Tax

Estate Tax — Fri, 20 Nov 2009 09:21:14 +0000

For me, I prefer applying to another job instead of venturing into business. The fact that you really need adequate funds for a business, you will never be secured unless the business is actually earning its profit.

By: Become A Mystery Shopper Then

Become A Mystery Shopper Then — Wed, 06 Feb 2008 19:36:00 +0000

Mystery Shoppers and their taxes…

Mystery Shopping is one of the world’s most unique and rewarding ways to earn money. That’s why there are over one million registered Mystery Shoppers worldwide….

By: The Dividend Guy Blog

The Dividend Guy Blog — Wed, 30 Jan 2008 14:22:26 +0000

Carnival of Personal Finance #137 – The Passion Edition…

Nothing great in the world has ever been accomplished without passion — Hebbel
That image at the start of this post is a Passion Flower. My passion is investing, primarily dividend investing. However, the thing about blogging and reading …

By: jblee

jblee — Sun, 27 Jan 2008 14:01:11 +0000

“Another relatively important reason why you might take a job rather than start a business is security. It would seem to me that this reason is a red herring because it’s clear to me that depending on one employer for income is far less secure than depending on dozens, hundreds, or even thousands of clients for income.”

Totally agree with this. Most people think that being employed is much more secure than having a business. As you’ve said, having a job means getting an instant paycheck, while starting a business does not.

It’s always good to have a side business, in case you’re uncomfortable leaving your job. That way, you’ll have two sources of income. And you won’t feel threatened unlike having one source of income.

By: Jerry

Jerry — Fri, 25 Jan 2008 15:03:36 +0000

The more you can make a side gig run on its own (automation, contracting out, etc.), the better off things will be in the long run. Having additional streams of income are crucial to giving yourself some insurance of a solid financial future. The regular 9-5 job doesn’t always get it done any more!
Jerry
http://www.leads4insurance.com

By: tracy ho

tracy ho — Thu, 24 Jan 2008 03:29:01 +0000

Thanks a lot, great inspiring post,

Tracy Ho
wisdomgettingloaded

By: Potbs Db

Potbs Db — Wed, 23 Jan 2008 20:31:06 +0000

Hopefully that side job soon becomes a full blow career. Passive income can easily become pro-active income, with the stakes upped accordingly.

By: Abstract Annie

Abstract Annie — Tue, 22 Jan 2008 15:49:37 +0000

I agree with Ms. Weston’s sentiment – but it also depends if you have made an investment in your own business too – or even more tricky – if you have had to borrow money from the Bank to do start up. In this case you haven’t got endless time to wait for things to take off.

However, good advice if you are looking at short, medium and long-term goals.

By: Money Management and You

Money Management and You — Tue, 22 Jan 2008 08:09:08 +0000

The key is to make that additional income passive. That way your time isn’t directly tied to the alternate source of money. When you free your time from the cash flow you can go and create a new income stream, thats how you get an income with virtually no limit (like you said above).