Ask HN: How can I prepare for hard economic times?

Re:Ask HN: How can I prepare for hard economic times? by devoutsalsa on Monday March 14, 2022 @07:44AM (#30671241)

I don't think diversifying one's income is necessarily good advice. I'd rather have one better paying job that allowed me to invest & save than multiple streams of income that split my focus too much. If you have a day job that covers basic expenses, getting a better job might be a better answer than getting a 2nd job.

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Re:Ask HN: How can I prepare for hard economic times? by ldoughty on Monday March 14, 2022 @07:53AM (#30671312)

There are second jobs that can be done alongside full time jobs...

I'm in a situation getting similar to this Ask HN... I have a family that depends on my income (plus, it's very stable/secure, enjoyable, but unfortunately under market pay). If I find a better job, and things don't work out, we'd have virtually no household income... However, I was able to find a second job (which required honing one additional skill) to pull in $3000/year working a few nights a year... Which helps pay for unexpected expenses.

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Re:Ask HN: How can I prepare for hard economic times? by devoutsalsa on Monday March 14, 2022 @10:17AM (#30672718)

It’s definitely harder to be comfortable taking risks when one have dependents. There’s a lot of ways to get ahead. Find a way that works for you.

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