Post
Topic
Board Economics
Merits 1 from 1 user
Re: When your passive income equals or slightly above your salary, what would you do
by
uswa56
on 08/02/2023, 08:27:32 UTC
⭐ Merited by fadhilz123 (1)
My attitude is that you should never be a job slave and you should always try to escape from working for others as soon as possible and become more independent, even if it might be more stressful. If your passive income become greater than your job, okay, let's think about this, you probably spend 10 hours a day or more in your job and probably 4 hours on your side project(s). You should analyze the market, is your side project something that will work well in the near future? Is it something that can generate much more money if you quite job and spend 12 hours a day? Are there any side projects that you wanna create and keep with it?
You should analyze your situation, possibilities and demand on your side project. Only you can decide whether it worth or not.
But I want to give you some my favorite people as an example:
Blumaan - It was a side project done during a free time that turned into a very successful profitable business.
Chris Bumstead - You may know Chris Bumstead, a very successful young bodybuilder. Bodybuilding wasn't his side project but he is an example of dedication for me.
Dustin Bates - music was always a side project for me that he was doing during his free time when he was studying electrical engineering in Ohio State University, he even holds Doctorate. He founded rock band called Starset that is doing very well. Their song My Demons is a real hit that a lot of people know around the world.
,this is really a true advice. I have somewhat similar situation in which I needed to choose between my job and my small time business, as of now I didn't want to pressure my self into deciding immediately. As of now I could still say that everything is within my control and I don't want to rashly choose, coz maybe what if something happens and I'll regret it right? I guess my best choice for now is to observe.
that's the right thing because all decisions taken in a hurry allow for regrets in the future.
If business and work can be done together, I think it's good enough without having to leave one of them.
because in both jobs there is no guarantee at all that it will continue to be the same as we expect.

input or suggestions from our friends Synchronice is good enough that we can't drag on to work we don't like and also because of a lot of pressure from other people / work superiors.
fun work is work that we love that we will do with all our hearts without thinking about the appropriate rewards even though everyone who works needs money but that is not the main thing but what we do makes ourselves more satisfied.