It is not always a easy solution for people with kids and a family, but the rewards of the extra money may be worth it. A lot of jobs don’t require any special skill (fast food) and they can used to help you save some extra money. The important thing to remember is that it is not forever. You can use a second job as a platform to jump start a business idea or get yourself out of debt.
How to Start a Business With a Second Job
Not all business start ups require money, but a lot of them do. If you are looking to start your own business, then working a second job may be the answer you are looking for.
Let’s say you want to open a snow cone stand and you need $10,000. If you worked a second job that gave you an extra $800 a month, you could start that business in as little as one year.
You have to remember that you are sacrificing your free time right now in order to live out your dreams tomorrow. Isn’t your personal dream worth investing one year of your life?
Your dreams could be smaller or much bigger. You will have to decide how long you can work a second job and how much time you could commit to it. The great thing about working a second job is that you can always quit for a while if it becomes too much.
Paying Off Debt With A Second Job
Countless people are now using a second job to pay down their debt. Many people like the idea of using a second job to pay down debt because they can be out of debt more quickly than if they just continued to make the minimum payments.
If you want to pay off debt using a second job, then its best to set some goals before you start. You don’t want to end up spending the extra money you earn on items other than debt.
For example, lets say that you have a car loan that you would like to pay off. The current balance is $4000 and you were able to make an extra $500 a month by working a second job. If you used the entire $500 from the second job toward the car loan you could be out of debt in as little as 8 months. Some people have more debt which would require a longer time period or they could work more hours to get it paid more quickly.
The great thing about using a second job to help you with your current goals is that it will speed up the process.
You may have had a dream of starting a business or paying off debt, but wasn’t sure how to get started. A second job is not the easiest option, but you may find that a year from now that you are glad you did it. Just remember that its only for a short time. You can quit anytime you start to feel overwhelmed and can pick up where you left off later.
You may find that you can handle it and you will be one step closer to achieving a goal that you have only been previously dreaming of.
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- Ken Colwell PhD MBA
- Publisher: ClydeBank Media LLC
- Paperback: 287 pages
- Ilana Griffo
- Publisher: Paige Tate & Co
- Paperback: 200 pages
- Inc. The Staff of Entrepreneur Media
- Publisher: Entrepreneur Press
- Edition no. 7 (08/14/2018)
Last update on 2020-03-19 / Affiliate links / Images from Amazon Product Advertising API
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