Originally Posted by
Peoloto
Yup, they are so stressed and work harder on their days off. Meanwhile the guys that just go to work and go home seem much more relaxed and more financially sound.
They may be more relaxed temporarily while times are good. When you have a medical, displacement, furlough, etc., the secondary income stream is very relaxing. The side hustle requires balance. Personally, the extra income provides more schedule flexibility and I'm less stressed at work.
Originally Posted by
Tummy
I agree. My side hustle is putting in green slips. Sometimes they call me. Most of the time they don't. I spend more time on the lake fishing than most professional fishermen.
That's not side, that's charging straight down the middle. It is probably the best option for trading hours for dollars though as you point out in your specialization remarks. It works great short term, but not so well long term unless the money is properly invested.
Originally Posted by
Tummy
As you know, the flip side is specialization and productive efficiency. I make more money for my time making myself available to fly airplanes than any other way.
Too many miss this valuable point when embarking on a side hustle. If you are managing properties, fixing toilets, painting, etc, you might as well print up business cards that say handyman. Just because you CAN do this work, doesn't mean you SHOULD. Embrace your specialty and let the other trades embrace theirs. Besides, if the investment can't support market rates for repairs and maintenance, it isn't really an investment.