To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
Having a side job or starting up a business can definitely improve financial stability. A side job can provide additional income that can be used to pay off debt, save for the future, or cover unexpected expenses. It can also provide a cushion in case of a job loss or reduction in hours at the primary job. It is important to consider the impact on work life balance and make sure the side job doesn't interfere with the primary job or personal life. Starting a business can aslo improve financial stability, but it requires more time and effort upfront. A successful business can provide a steady income and potentially even replace the primary job. There is also risk of failure and financial loss, so it is important to do a research and plan before starting a business. Whether a side job or business is the best option for improving financial stability depends on individual circumstances and goals.