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I have and it has been life changing. Here's the thing about a 2nd job. It isnt 2x better than a first job. Its about ~5x better by my calculation because it is
by 2xjob_throwaway 5y ago
I have and it has been life changing. Here's the thing about a 2nd job. It isnt 2x better than a first job. Its about ~5x better by my calculation because it is 100% savings.
Heres the math.
I make 10k a month at job 1. After taxes 7k. I spend 2k on rent, 1k on food, 1k on insurance and other recurring and 1k on fun.
That means im saving 2k / month from job 1.
Now i get job 2. Im now making 20k / month, 14 k after taxes. But my expenses are still exactly the same. My savings have now gone from 2k / month to 9k / month.
So im really making almost 5 equivalent years of savings every year. At that rate, if you could keep it up for a decade, youd essentially account for a whole career.
- toomanyrichies 5y agoWhat have been some of the obstacles you've had to overcome? For instance, how do you juggle potentially overlapping meetings?
- muzani 5y agoPersonally, I had double the savings after lockdown (no tolls, parking, fuel, car repairs, downtown lunches). So lockdown was basically like working twice as long. And then freelance work would be double that. So even a little part time work boosts you so much.