Related Posts
Rising Star
Does LTI provide reimbursement for WFH setup ?
I've been interviewing with some companies, and now I have to decide between JPMorgan Chase and Globant.
Globant is more innovative, and has remote work. I will enter to work with a Sillicon Valley startup based in San Francisco. The tech stack is React, Nextjs, AWS, and a serverless architecture.
JPM is semi remote, and less innovative. The tech stack Java, SpringBoot and AWS. But I'd do more migration tasks, like dockerize projects and pass them to kubernetes. What would you choose?
Hi I’m a current Graduate student, hoping to get my foot in the door for Deloitte Healthcare Consulting, Accenture CDP, or EY specifically within Chicago Offices. Is there anyone open to connecting and speaking on their experience being hired? I have previous experience working prior to my degree so hoping to get insight on how I can best score an interview. If you’re also open to providing a referral that would be a bonus!
SoFi Stadium in LA, opening in 2020 (MSP-LAX)
More Posts
Bowl Leader
Additional Posts in FIRE Financial Independence Retire Early
Anyone else into Bank Bonus churning?
Visual Storyteller
Ubering for the bonus. My little hack.
New to Fishbowl?
unlock all discussions on Fishbowl.
Pump & dumping SPACs. See: Chamath
I used to think side hustle was the way to go, but it’s really just a temporary state. There’s very low probability you’re going to make it to FIRE by burning the candle on both ends on two completely different (active) income streams.
Not FIRE, just sharing my thoughts after following this movement for awhile.
I would prefer to focus on generating passive income rather than working two jobs (day job and side hustle).
If you define passive income as a “side hustle” then I’d say my best passive income streams so far are my investments in the stock-market. I’ve also got some rental income from real estate but these depend on getting tenants in, which during Covid is not so easy to maintain.
My stock investments on the other hand is currently generating $150K a year in cash dividends, not including value from stock appreciation.
It takes money to make money though, so will take a while to save and invest continually before it hits a significant amount. However, once it hits a certain critical mass, it just keeps going with zero effort from you - which is awesome compared to many other side hustles that require ongoing effort in order to generate money.
@A1: I’m not based in the US so unfortunately most of the funds I’m invested in aren’t available for sale in the US. But I can share a bit more about the characteristics of the funds I look at if that helps.
It depends a little on what your philosophy towards investing is. There are two broad schools of thought - 1) value investing (where you invest in a stock, wait for it to appreciate and sell down the stock to get cash) or 2) dividend investing (buy stocks and hold forever, but pick stocks/funds that pay a consistent dividend over time for you to live off of).
My preference is option 2 as you don’t run down your investments in order to get access to cash for your spending needs, which could happen in option 1.
@D1: What I look at are funds that are well diversified - spread across US & Asia and across a wide range of industries; focus on income growth rather than short term capital appreciation. So I look for funds with very stable dividend payouts but not necessarily increasing dramatically in value like a Tesla or Amazon. My approach is typically to put in a small amount that I don’t mind losing and then park it for 6 months to see how it performs. If it seems fairly stable with relatively little fluctuations in dividends or capital value then I slowly add more into that fund.
Since I started investing 8 years ago, the fund values have fluctuated, especially last year where fund values dropped 20% but rebounded 30-40% by year end. Dividends-wise had remained stable throughout the 8 years, which was great given last year. Will see how they hold up in the next couple of years as the world slowly recovers from the after-impact of the pandemic.
If money were as easy as a ‘side-hustle’, everybody would have a lot of it.
I’m not sure that it’s a FIRE specific activity, but I was doing two things as a “side hustle”.
1) Playing music at churches - so really dependent on your skill level. Close to $20k a year
2) I picked up a blue collar license and am currently an apprentice. There’s relatively high dollar effort that you can get at pretty much your schedule. Once I get out of 6 month apprentice, I know I’m going to make money because I’m already bringing in business.
Analyst 2 - lots of blue collar is looking for workers. Certifications aren’t too hard, it’s the on the job learning you want. And you typically just call the numbers that show up on Google. Pretty old school
I agree with OW1 100%. I’m not in a place yet to allow my money to make money yet. In the meantime, working that side hustle for me gives me that extra cash to save towards my goal which is real estate.
Upping my game to bring in a rich partner.
Playing online poker and cashing out winnings into BTC. Games are much tougher nowadays and my regular income has outpaced my hourly in poker so I haven’t been playing nearly as much. But this is how I somehow found myself to own over 6 figures worth of BTC.
Outsourcing
Stonks