Comments on: When To Give Up A Side Hustle

By: DDFD at Defensive-Entrepreneurship

DDFD at Defensive-Entrepreneurship — Mon, 13 Jul 2009 02:35:44 +0000

Side gigs can be started and ended as needed. They can be stop gap or they can be goal specific if need be.

If they are on-going, the need for balance between full-time job, side gig, and family is paramount.

By: Dan Holt: Laid Off

Dan Holt: Laid Off — Tue, 07 Jul 2009 23:29:19 +0000

“Do not allow earning money to completely consume you, even if you are doing so for a noble goal.”

My thoughts exactly. Money is a tool to help you live your life. If you don’t live your life, what good is the money?

By: The Urban Cowboy

The Urban Cowboy — Tue, 07 Jul 2009 21:51:19 +0000

You are correct in the side hustle dilemma. I know of many who will work as much overtime as possible in order to afford a lifestyle that is beyond their means. When there is no longer overtime available, I have seen those same people loose their cars, have to look for second job, etc. Great post!

By: Amiyrah

Amiyrah — Tue, 07 Jul 2009 19:27:48 +0000

Frugal Dad,

Thank you so much for posting this! And the comments are wonderful. I now feel even better for letting go of the side hustle I had. I already see a difference in my husband’s attitude and my son’s behavior from me not stressing about continuing with that secondary income.

By: Craig @ Money Help For Christians

Craig @ Money Help For Christians — Tue, 07 Jul 2009 18:10:26 +0000

Goals are extremely important. Our lives can only be out of balance for a short period of time. The more focused you are on a goal the longer you will be able endure your life being out of order. However, it is also important to have a definitive ending point. This light at the tunnel will fuel you to continue for as long as the side job is necessary.

By: DONNARAE

DONNARAE — Tue, 07 Jul 2009 16:29:06 +0000

I met my husband mid career (his) . He told me his parents raised him and his sibs, NOT to depend on anyone. His choice to do 20 years in the mil. was based on investing in himself (he was a corpsman/Navy). It paid off. Of course our house isn’t a mansion (far from it) but it works. We ran up debt, but we are still working at being responsible for our choices and paying it off (along with the interest that accumulates) but i found Dave Ramsey and tweaked his advice to work for us.

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Tue, 07 Jul 2009 16:18:20 +0000

What a terrific post with superb follow up commentary by all.

No small point on lifestyle inflation. I can’t count the number of people I came accross during my mortgage career who used a part time income (in addition to the full time) to qualify for a mortgage.

Now on the surface, this may seem well intended, but if you need the income to make a house payment for a 30 year loan, then you basically will need to manage two careers for the foreseeable future.

Many of us understand the concept of staying on a lousy job to pay the bills, but can you imaging needing to stay on two? And with no end in sight?

By: DONNARAE

DONNARAE — Tue, 07 Jul 2009 15:59:11 +0000

Everyone is right, and it boils down to values, and knowledge.
I have made more than my fair share of mistakes in life.

By: Dawn

Dawn — Tue, 07 Jul 2009 15:53:17 +0000

I agree with Miss White. Finding side hustles that are pleasurable makes really helps with not getting burned out. You have to find things that fit your personality and availability,

By: Faye

Faye — Tue, 07 Jul 2009 14:22:48 +0000

I don’t know if my 2nd job as a professor at the graduate school every Saturday is a side hustle, but I know that I enjoy it so I don’t really let it stress it out. But then teaching has its normal stresses. For example, my work doesn’t stop at the university because I still have to make a new exam and visual aids. It’s tiring, but still I love it.

As for income, it’s a little bit extra but at times not enough as Philippine income is quite smaller than the usual. Compared to other people here though, I’m very much blessed to be able such income.

It’s true though that we tend to have lifestyle inflation because of extra income. I just bought a new netbook. But I think this is a reasonable purchase as my back already hurts from lugging my regular size laptop whenever I have a lecture. But it sure puts a dent in my pocket.

I’m not yet sure when I’ll decide to stop my side hustle. I’ll just make sure that I have enough free time for me so that I won’t feel stressed.