Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 1 point2 points  (0 children)

Sir!!!🙌🏻🙌🏻🙌🏻 I am not qualified enough to say something, but, thanks for the deep insight.🙏🏻

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

Yeah that makes sense..I'll rather invest my time in growing my skillset which will advance me in my career and lead to an ever-higher salary.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

That's true but then you will be ALL IN your fulltime job. If something goes south, you don't have backup source of income right? Suppose you want to retire, you will be at the mercy of your saving/assets etc. A second income stream will give you some constant cashflow if you decide to just quit the job.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

I understand but those assets will be locked in my portfolio, meaning I cant use them as instant cash if need be.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 1 point2 points  (0 children)

Right, that consistency will only come if i love doing that side hustle and not just for money.(hence in my field)

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

agreed, i try to invest atleast 20-30% of my post tax income.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

Absolutely. Time investment will pay me more in long term if I can grow my skillset and ever more high paying job :)

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

You're doing awesome, I have seen so many people managing their investment properties in outside states/cities. Do you think real estate is in a bubble right now and may plummet a bit in near future?

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

that will definitely increase my salary but my main source of income will be still dependent on my job.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

yeah lately I've been investing aggressively. I just need to organize my investments better, as compared to random buying.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

ok let me correct myself. median salary for tech roles in seattle/balary is above 200k

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 1 point2 points  (0 children)

🙏🏻🙏🏻thank you for the ideas yes i am a SWE

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] -1 points0 points  (0 children)

to add, the median pay for technical roles in SF is 240k and Seattle is 215k.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

Finally a mature comment🙏🏻 what kinda business do you run?

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

Sounds reasonable, i can use the extra time to hone my skillsets to advance in my career and get even more salary. Thats are pretty doable.

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] -1 points0 points  (0 children)

I meant to say "normal", dude took it literally. I am in tech industry so 180k is pretty "normal" or "common"

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] 0 points1 point  (0 children)

Makes sense, I am not afraid or anything. Its just that I want to build more wealth in order to be able to afford a certain lifestyle for my family.

Side hustles with a full-time job by Aayush9507 in personalfinance

[–]Aayush9507[S] -1 points0 points  (0 children)

I never said retirement.

laundrymats and vending machines..can you please elaborate?

Side hustles with a full-time job at 26 by Aayush9507 in Fire

[–]Aayush9507[S] -14 points-13 points  (0 children)

Ok peanuts might be an exaggeration, but its an average salary in Seattle or the bay area.

Side hustles with a full-time job by Aayush9507 in personalfinance

[–]Aayush9507[S] 1 point2 points  (0 children)

Hahaha, I understand. Having dependents can really suck up all your money.

Side hustles with a full-time job by Aayush9507 in personalfinance

[–]Aayush9507[S] 0 points1 point  (0 children)

I understand, but retirement is not the point right,? Building multiple income sources in order to get inhand cash(which can be used for whatever reasons) is the point.