What motivates you to start or keep up a side gig? Is it just having more income or a specific financial goal?

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To stop working my day job

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That is my reason!

I started my side gig while working full-time with the goal of time and location independence. I wanted to make enough money on my own time to do the things I love to do while my body is still capable of doing them. It made those early mornings and late nights of writing before and after work bearable. That was almost 6 years ago, and now I ski 5 days a week during the winter, MTB 5 days a week during the summer. And there is no shortage of funds to do so. My next step is to take the gig on the road and ski/ride throughout the U.S.

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Retirement $ so I can leave the rat race asap

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Not quite to my financial goal, but working on it 😃

My advice is to have a purpose. I personally use my side gig to pay off my phone bill, car insurance, Roth IRA contributions, and restaurant expenses each month! Tie a reason to your side gig and it will motivate you to meet or exceed your goals!

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Sounds counterintuitive, but I do it for job security. My day job isn't the most loyal place, so it's nice to know if they randomly can me I'm not completely without an income stream.

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Same!

For me, it's passion. I would literally be depressed if I didn't have something to look forward to outside of my regular job.

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Buy my freedom! Ability to be work optional and retire my parents

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Time and location freedom while solving a problem that bothers a lot of people

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Extra fun money. I like being able to travel and never say no to fun opportunities. The extra money is really nice.

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More income and specific financial goals.

I think it is to help people, that’s the only reason to have a business period

I need extra income, the company does not provide yearly increases in pay.

I’ve always wanted to own/run a small business and get much more satisfaction growing my personal revenue than my salary.

I like being able to help others and my side gig does that. Currently my personal goal is to eliminate my debt but eventually it would be to work my side gig full time and have that time freedom to spend with my kids and grandkids.

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Question about solo/self-employed 401ks: If I create a sole-member LLC for a side business and create a solo/self-employed 401k, am I only allowed to make contributions from the earnings earned via the LLC? Or am I allowed to contribute money earned from a different source (ie W-2 job).

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Hi. Does anyone remember the provider of our 401k and wealthbuilder? Trying to rollover accounts but benefits express is closed!

Hello all!
I'm 26, I studied economics but I don't know why I'm not much into investing/trading. Someone else like this?
I recognize this is not a very good approach for someone with money "knowledge" and I would like to change this mindset. My main weakness is that I easily get bored of following the market and that I do not see big opportunities. Any advice?
Where to start learning, general advice for LT and ST investments, things you learnt, books that changed your pov on the topic etc.

Thx!

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Fishes honest opinion needed. Me and My so presently live in Arkansas, living in our first home with a child 4 year, both of us recently changed our jobs and have HHI ~ 420K, current mortgage 1600/month. We are looking to move to Dallas and thinking of buying a house ~996K with a 15% down. Questions -
1. Should we go for house of that budget? We can afford, but asking based on market.
2. Should we down 15% or just 5% ? Or go for 20% ?
*Getting a rate lock 4.25% 🤞🏼

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I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

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Did anyone randomly get a $250 deposit in their account from the government? I think it’s a child tax credit but I don’t have kids. How do I investigate this?

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Building im applying to has a $1,000 move in deposit. Are these usually refunded? The agent is checking with management but they are being super slow to answer. I want to move quick on this so I don’t lose the apartment

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I consolidated grad loans in ‘15, kept federal separate from private (w SoFi @6.75%). Can I refinance w SoFi or w Earnest? Should I combine the federal and lose the protections for better %?

Has anybody invested in Yamuna gaur city or planning to do so?

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Hear me out! I left my 15 year career in the corporate world to pursue being a realtor.1) It was never boring
2) It was the most challenging
3) It was extremely rewarding to be able to help families find their dream homes

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How do real estate lenders take cash flow into consideration? For example, typically I would probably only be approved for a $500k loan ($125k comp and $100k for down payment), but if I’m buying a multi-family home and planning to live in a unit and rent the others, will lenders approve a bigger loan?

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Hello fishes, will be really insightful to understand cost of living in Doha for a single person. Rent + food and other expenses manageable at 8-10k QAR/ month?

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Based on the Gross salary offered I have calculated the in hand salary per month would be around 152000 considering 150000 in 80C, 50000 in NPS and 200000 deductions due to home loan interest. Total tax liability is around 400000. Any other options do I have to save tax further (other than HRA, LTA)? Thanks in advance.

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What is personal independence??
Why Pwc asked me to fill all investment details for me and my dependant.
Can anyone please help me on this ??

@pwc

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Taking a personal loan of 20k or more will it affect perm (GC) process?

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Has anyone here had a problem with a background check? I accidentally forgot to put a semester at a community college and to list schooling as periods of unemployment. Emailed HR to disregard form.

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How do I start building rental property portfolio so I can FIRE?

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Good recommendations for realtors in LP/OT area? Apartment rentals. Thank you!

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Use savings to (partially) pay for business school or invest and fully cover via loans?

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I found out that I can make more money starting, buying and running businesses than I can in law. Plus I'm home at 6pm every night. Did anyone find that out?

likeuplifting

Give me some likes to reactivate my DM.

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How early in advance do you start preparing for a deposition that you are conducting? One month? One week? The night before?

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Hi All, posting on behalf of a sibling based in Bangalore,India. She has been impacted by the ongoing layoffs and is in search of a new role. She has about 6 years of experience working in Business Development in the Edtech domain. If you or anyone you know is hiring then please comment and I can get you connected.

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Considering switching careers:

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Is Caribou Coffee on Monday morning worth it? Line is usually 40 people deep in terminal B.

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Additional Posts in Side Gigs

Hey everyone- any of you need a website for your side gig? Feel free to message me.

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Has anyone successfully turned their side gig into full-time? Or an income enough that it could be?

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I am a salesforce developer, I want to do salesforce admin stuff on the side. Its usually super easy and I could probably do like 10 hours a week of work. But idk how to find some business to hire me for like 40 hours a month. Small shops aren't usually using recruiters I would think?

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Thought on coaching as a viable side gig? Who has done it?

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Ladies do you buy shoes from psohmark or other secondary hand shoes places?

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Anyone working/starting on a side hustle and wants an accountability buddy/cheerleader going into the new year? I’d love one and thought this might be a good place to find one.

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Looking for recommendations for an on-demand t-shirt print shop. I’m interested in printing various designs and artwork :)

Hi there. Has anyone here invested in a manual car wash? If so, how profitable is it realistically and also what to look for when buying one? Thanks in advance:)

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Is opening a boxing gym worth it?

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Starting a staffing company, suggest some name for it. Most liked one will be selected.

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How long does it take to create a business on paper, officially?

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Hello everyone am looking for Side hustle , anything works driving ,plumbing ,construction etc anything works just hit me up and I I’ll make time to get it done for you thnx 💪

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I’m a Geoscientist by profession and have been working at big tech for half my career - the other half in Geosciences - i think i have a brilliant plan for the next best thing in Geosciences and have a working proof of concept already - how should one go about this? I don’t think i can do it alone and need both an investor and a partner.

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I’m an aspiring musician in the greater Boston area looking to make connections outside of my sporadic work schedule. Are there any recommendations one could share aside from open mic nights? I’m looking for some different ideas

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Who here has successfully built a side hustle or startup? Who here is successfully creating additional income? Does anyone have resources [books, podcasts, anything] that have helped them?

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