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Why would a Managing Director need 2 jobs ?
Eh, one job is insanely cool and the other is boring but insanely lucrative
Dang people! What’s with this passivity?
Take the second gig and do it man! I did it for like 4 months and from a financial perspective, I was able to get ahead in those 4 month further than I had in the previous 10 years!
Imagine just stacking your entire salary away for half a year? I got a down payment on a house collected in that time. Took a few months off and then hopped on another “job 2” and was able to renovate the new place entirely for cash.
Are you going to burn out? You might. I did. But I was managing a full blown construction site like a GC and my job 1 got insanely complex. Job 2 literally let me cruise for 2 months without asking me to do ANYthing! They just needed to know that they had an expert in my exact domain on hand in case SHTF, which it didn’t, so I pulled double salary for two months while working only one job.
Who cares about the burnout? Once you’re there (at burnout), you take a break, heaven knows you’ll have some cash lying around to take an extended vacation. The vaca won’t be enough? Drop job 2 and ease back into a schedule that won’t burn you out. It’s not rocket science.
There are so many scenarios for which a second job would be a great option. Not just cause you’re greedy. Stop it with this poverty mindset people!
Yeah, yeah, it might be against company policy, but it ain’t illegal. Add a jerk boss on top and he might think that he owns your time. Newsflash, he doesn’t. Especially in consulting where so often it’s whether or not the deliverables are delivered. No one cries a tear for you when you put in 80 hours. Don’t shed one if I rake in 💰for 80 hours worth of deliverables.
Do it! It’s called overemployed.com and I’d highly recommend it.
Thanks everyone for your thoughts and comments. I decided I will pursue both opportunities but I will pivot one of them from a full time role, which would have been as a senior executive at this company, to instead part time advisor on the Board. That will allow me to still tackle both but not destroy myself.
What kind of thoughts are you looking for
The way some MDs don’t even show up for meetings they requested, you could probably do both of them during regular business hrs 😂
It'd be a ton of work but possibly doable.
Most consulting firms will let you go if they find you are doing 2 jobs ("moonlighting")
You are going to burn out. I did this. 3 months into it, i was breaking from lack of sleep and over work
I think you're right
Great recipe for misery, health issues and fast-track to the grave
I’d look at “why” you want to do this in the first place.
If it’s just more money, then it’s likely misplaced priorities unless you have significant debt/financial obligations to support.
There’s research that shows more money doesn’t equal more happiness or fulfillment beyond certain levels. At MD even if one of your jobs pays 300k+ - i would just do that and ignore the other one. I’d do the lucrative job full time and the cool job as a side hustle capacity constrained to say 5hrs a week as an external consultant if that’s an option. What’s the delta between the two jobs?
Focus the rest of your time on health, family, friends, close relationships and hobbies. Else you’ll look back at your life 20-30 years from now and feel you spent your time working and earning but didn’t really live the life you could have lived.
Also if it’s to build generational wealth, you may leave a ton of money for your kids by working two jobs if that’s the intent but they’ll wish they’d gotten more time from you. A decent education plus even just passing your house along as an inheritance is probably better than a lot more bank balance but being a less involved / less present parent.
I suggest you do it, will change your life.
Most entrepreneurs are doing this, 9-5 (main gig) then 6-12 (dream).
I decided this would be a recipe for disaster and decided I'll only proceed with one job
That's very insightful, thank you. This is what I was looking for.
I can't juggle like that.