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Re: Working hours

Posted: Tue Mar 19, 2019 11:13 pm
by thrifty++
classical_Liberal wrote:
Tue Mar 19, 2019 4:15 pm
Yes, I do. Unfortunately I did not realize it until I reached a level in which it's importance became abundantly clear. I have a couple of very non inventive attempts percolating. Any suggestions?
My god so many. I have to keep a list of them as so many come up from time to time. Part of the reason I think also of ditching my by the hour side hustle too, for more entrepreneurial possibilities. I guess for one, an easy place to start is your existing skill set. Can you segue off that? What is what I have done with my consulting. Then other things. My god so many. Just off the top of my head... personal trainer at the gym, massage (friend does this for $100 cash per hour), writing for magazines and newspapers, developing websites, blogging, if you are in the USA you can get huge tips working in restaurants, drop selling products online. God there are really just so many options. That's just a blurt without me thinking.

Re: Working hours

Posted: Wed Mar 20, 2019 12:28 am
by Augustus
Seppia wrote:
Tue Mar 19, 2019 9:26 pm
So far nursing and computer programming seem promising, I'm sure there are more. CL seems to be doing fixed length contracts for nursing already.

Re: Working hours

Posted: Wed Mar 20, 2019 4:25 am
by Seppia
Programming is definitely out for me, I have zero talent for everything that is related to IT. Nursing could be a good idea, thanks

Re: Working hours

Posted: Wed Mar 20, 2019 11:55 am
by Augustus
Seppia wrote:
Wed Mar 20, 2019 4:25 am
Pretty sure I'll be pursuing a nursing degree after I semiRE, definitely fits my web of goals. Just need my kid to grow up a little so I can work night shifts for a year without messing up my family life, ugh.

Will probably also try out substitute teaching for a lark, who knows? I might like it!

Re: Working hours

Posted: Thu Mar 21, 2019 11:22 pm
by classical_Liberal
FYI. It's not just nursing. Pretty much any technical medical specialty has contract work. Think respiratory therapy, physical and occupation therapy, Rad tech, even CNA's. Some of these have less educational requirements for licensure, some have more. 13 weeks seems to be the preferred length of most contracts, often people renew.

Re: Working hours

Posted: Fri Mar 22, 2019 4:20 am
by Seppia
Thanks Augustus and C_L
I’ll look if that applies to here in Europe as well, could be a great idea.

Re: Working hours

Posted: Fri Mar 22, 2019 5:29 am
by Crazylemon
CL is Exactly right and certainly also true of the UK. Although there is a preference for full timers most places are so short if you push you can pretty much dictate terms if you don't mind where you do it. Or, work agency and DIY it.

I have plenty of colleagues who have done at least a few years of 6 months on/off (normally work long enough to take the desired holiday rather than a fix contract) or a variation. Obviously can't comment on the mainland.

As a trainee currently I have to work 48 hours on paper, more in reality. It sucks.

Re: Working hours

Posted: Tue Aug 06, 2019 2:50 am
by thrifty++
Ok I am resurrecting this subject again as I have recently been asked by another company to do some work for them.

They found out about my side hustle and started asking questions. The work would probably be another 5 hours per week on average. So I will be doing probably an extra 10 hours a week for both clients. I am kind of exhausted thinking about it. But it will also be highly paid (and highly taxed) and would probably bring in another $10k/$11k after tax a year. Im going to meet with them to discuss it at least. It also another type of remote work I could do from anywhere in the world so I like that too. Building a little portfolio of remote work.

So I am tossing it up but also don't want to stress myself out with too much work or get unhealthy. I need to make time to eat well and exercise regularly.

Any thoughts on whether I should bang on ahead with it?

Re: Working hours

Posted: Tue Aug 06, 2019 4:30 am
by Bankai
Is it $10k for just the new gig? If yes, how does the hourly rate ($40 assuming 250 h per year) compare with your day job? If it's substancialy better (at least 50%) then you can consider it. If it's $10k for both gigs, it's not worth it.

Another factor to consider is how much money you already have. The more years of expenses you already saved, the less you need to trade time for money. With only one year of expenses saved I'd definitely do it, with more than 10 I'd stay clear.

Another thing to consider is how it will affect your savings and free time in percentages. If 5h per week represent 20% of your free time but the extra money will only add 10% to your annual savings, it doesn't make sense. If however your only losing 5% of your free time for 25% boost in savings, that's a good deal.

Ultimately though your health is most important and since you are stresses by just thinking about taking this extra job on, it seems to me it's not a good idea. Even if the numbers add up

Re: Working hours

Posted: Tue Aug 06, 2019 12:41 pm
by classical_Liberal
Bankai wrote:
Tue Aug 06, 2019 4:30 am
Another factor to consider is how much money you already have. The more years of expenses you already saved, the less you need to trade time for money. With only one year of expenses saved I'd definitely do it, with more than 10 I'd stay clear.
Same concept, but framed differently. If you're already near 10 years of expenses, how close would the totality of this contract work come to covering all your expenses? Does it have the potential for more scalablity? Do you prefer it (and the side benefit(s) of location freedom, etc) to the institutional employment? Maybe you should consider quitting the FT work instead?

Re: Working hours

Posted: Wed Aug 07, 2019 6:05 am
by 2Birds1Stone
Personally I value time > money after you get to a certain income/NW.

Is what c_L mentioned a possibility? Would it improve your quality of life?

Personally my work hours have fluctuated a lot over my career. Per Seppia's comments on page one, I count commuting hours as work, this includes flights. I don't count free time on a weekend if on a work trip, as 99% of the time I enjoy it.

2010 - 2014, averaged ~45 hours a week with commuting time included. (retail management)
2015 - 2017, averaged ~50 hours a week with commuting time included. (inside sales/outside sales)
2018 - 2019, averaged ~30 hours a week with commuting time included. (outside sales, flexing that FU$)

Re: Working hours

Posted: Wed Aug 07, 2019 7:11 am
by BMF1102
I'm with 2birds I time > money.
I'm chiming in since you asked what everyone else's arrangements are. I generally work 7 days a week 12 hours a day with commutes of 10 minutes to an hour, for about 3-4 months every spring and fall. Sometimes it's only 6 days a week and perhaps up to a week off between jobs. For 2018 I worked approximately 1800 hours total but I had about 18 weeks with zero work and the remainder weeks not working full time were a day or 2 of work. I was off work from July through the middle of September.
I know what it's like trying to have a life outside of working 50-60 hours all year long as well. I far prefer my current arrangement.
I like the suggestion of perhaps replacing your "real" job with the side hustle, rounding up a couple more clients to make it lucrative but giving you more time to pursue what ever your heart desires.

Re: Working hours

Posted: Wed Aug 07, 2019 9:17 am
by CS
Augustus wrote:
Tue Mar 19, 2019 8:41 pm
Personally I think it would be preferable to work full time for a few months, then take the rest of the year off.
From my experience doing both (for several years each), it is far more preferable to work full time for a short stretch of time than part-time year round. What's the use of having six weeks vacation and only working three days a week when you can never use the vacation because your boss is a jerk who hates part-timers?

More part-time problems:
-The employer deciding that they can choose *any* of the 24hours/7 days to place your work. Changing by week, or even day sometime. I quit one job when I was not allowed to say I had two set days off a week. Seriously. And they were surprised.
-Not fitting in with everyone else and getting picked on, intentionally or not (this happens less with full time occasional - I think people's minds fill in that you're always working like everyone else, just someplace else.)
- I personally have a hard time switching gears. My forty hours in a row are more productive than forty hours spread over two weeks.
- Stuck in one location to keep costs down since traveling weekly is expensive and wasteful in time, money, and mental stress.

But I hate others having control over me, so perhaps these are more issues for me than they would be for others.

Re: Working hours

Posted: Wed Aug 07, 2019 4:40 pm
by Stahlmann
I'm gonna check what you do, because some posts look... depending on perspective... at least interesting.