gig

Should you be a generalist or a specialist?

Way back in 2009, I read a blog post on whether you should be a generalist or a specialist.

Sure, the post’s focus was on freelance commercial writing, but every now and then, I would think about its premise: Can you earn more as a generalist or a specialist in a certain career field? Do generalist careers or specialist careers earn more overall? Is it easier for a generalist to be hired? Or does a specialist always rise to the top of the resumé pile?

Note: I’m defining a specialist as someone with a degree that narrows down the job possibilities. For instance, two people with business degrees may have two very different jobs in any number of sectors. Conversely, two nurses will have more similar jobs in the health care field.<

Need Some Quick Cash? 10 Ways How To Make Money Fast

Want to learn how to make money fast? Here are many different quick ways to make money fast today. Sometimes unexpected expenses come up and you have to find ways to make money fast. Maybe you have an unexpected home repair, something broke on your car, you forgot about a bill, or something else. Perhaps […]

The post Need Some Quick Cash? 10 Ways How To Make Money Fast appeared first on Making Sense Of Cents.

How to Make and Save Money to Invest in Real Estate

I have been a real estate investor for many years and built my net worth to more than 10 million dollars from almost nothing mostly thanks to real estate. However, I did not buy my first rental property for many years after I decided I wanted to be a landlord. Right now, it is especially … Read more

Want To Be A Rideshare Driver? Tips From The Rideshare Guy

Today, I want to introduce you to my friend, Harry, the owner and founder of The Rideshare Guy Blog and Podcast. Harry started driving with Uber and Lyft in 2014, while working as a full-time aerospace engineer. After finding a need in the driver community, he started his website to help drivers like himself. He […]

The post Want To Be A Rideshare Driver? Tips From The Rideshare Guy appeared first on Making Sense Of Cents.

Can’t get a job? Get a microjob!

Looking for work? Somebody out there wants you to design websites, board dogs, run errands, write blot posts, do laundry, deliver packages, be a virtual assistant.

Sites like eLance, TaskRabbit, Fiverr, 99designs and 3to30.com are virtual employment offices offering gigs you can pick up and put down as needed. Sometimes you bid on jobs and sometimes you post your own ad, whether serious or offbeat. (“I will create a lacrosse trick and name it after you.”)

Whether you call this consulting, freelance or “microjobs,” more of us are headed that way, according to Kristin Cardinale. The author of The 9-to-5 Cure, Cardinale cites U.S. Department of Labor projections that “millions of short-term workers” are needed.

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What Matters in Matters of Love and Finance

“You need to keep your skills fresh,” said a commenter in a recent post about the finances of parenting, referring to the concept of a mother staying at home with the kids. “In case of death or divorce.

I didn’t argue, but I shook my head and rolled my eyes. (I do this to avoid leaving snappy replies to people’s comments. Work with me.) I’ve long felt that combining one’s finances with a potential, or existing, partner should be approached with the same attitude as the partnership. What point is there in marrying (or otherwise vowing your eternal love) if you don’t think it has much chance of lasting?

Naturally, death is a part of life and should be considered as a possibility. But considering divorce when deciding whether a mother should stay home with her young babies, or which partner’s career should be primary, seems counterproductive. My motto is, if you’re so concerned about divorce that you don’t think you’ll make it through babyhood, perhaps you shouldn’t be having babies.

Side gigs vs. day jobs

If you’re in debt — especially if you’re in significant debt — frugality will only get you so far. To really make a dent, you have to increase your income.

The option recommended most frequently on personal finance blogs I have read is freelancing or consulting on the side. Another option is a second job (usually hourly work of some kind).

However, side jobs aren’t always the most effective way to increase your income. Freelance work is often sporadic and part-time/hourly work doesn’t typically pay all that well. Time and mental energy are finite resources. Focusing too much on your side gig(s) may come at the cost of your career or interfere with your balance between time and money.

Leave bigger tips, for others and yourself

When you leave bigger tips, you make a small sacrifice for another’s bigger gain. When else do we set aside resources for bigger gains? Investing!

What Are Non-QM Loans?

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