Unsalaried Income - what do you do?
Discussion
Not 100% sure if this is the right place so Mods feel free to move.
There seem to be quite a few people on here who are smart and doing well for themselves so I thought you an ideal audience for questioning!
Basically I'm interested in trying to gain some income other than my Salary from work, as both a top up, and something to fall back on to ease if I should find myself out of work for a bit. So what do / have you done in the past to supplement your Salary. I happy to put time, effort and some money into it (to make some back obviously!).
I don't have any land sadly to come up with any hair brained schemes (such as growing Veg, Car storage for PHers...), I already let out a room as its just me at the moment.
My Career is in IT if that helps at all?
I appreciate there may be not a lot other than keep plugging away at savings and ISA's etc, and I'm by no means at a point to be maxing out my allowance on an annual basis on that front.
There seem to be quite a few people on here who are smart and doing well for themselves so I thought you an ideal audience for questioning!
Basically I'm interested in trying to gain some income other than my Salary from work, as both a top up, and something to fall back on to ease if I should find myself out of work for a bit. So what do / have you done in the past to supplement your Salary. I happy to put time, effort and some money into it (to make some back obviously!).
I don't have any land sadly to come up with any hair brained schemes (such as growing Veg, Car storage for PHers...), I already let out a room as its just me at the moment.
My Career is in IT if that helps at all?
I appreciate there may be not a lot other than keep plugging away at savings and ISA's etc, and I'm by no means at a point to be maxing out my allowance on an annual basis on that front.
You say you work in IT - depends which area but what about website building for small businesses?
Depending on your skillset, this could be a nice little earner. I've done a few in the past and it doesn't take long before your best mate comes a knocking informing you that the barman at the pub knows his Auntie Fran has a small flower shop wants a website presence.
It doesn't make much cash unless you really get into it and if your on a decent wage the cost over your time isn't always worthwhile, but you can make money from it and you can make very good money from it if you offer a unique service.
I'd recommend that you do things that interest you though. Its ultimately going to use your spare time so you've got to enjoy it unless it pays substantially more than your day job (otherwise, you might as well just do overtime or concentrate on building your career to a higher salary).
Amongst other things, I enjoy writing about stuff so I do that in my spare time. Some of it pays, some not but it is enjoyable for me.
Depending on your skillset, this could be a nice little earner. I've done a few in the past and it doesn't take long before your best mate comes a knocking informing you that the barman at the pub knows his Auntie Fran has a small flower shop wants a website presence.
It doesn't make much cash unless you really get into it and if your on a decent wage the cost over your time isn't always worthwhile, but you can make money from it and you can make very good money from it if you offer a unique service.
I'd recommend that you do things that interest you though. Its ultimately going to use your spare time so you've got to enjoy it unless it pays substantially more than your day job (otherwise, you might as well just do overtime or concentrate on building your career to a higher salary).
Amongst other things, I enjoy writing about stuff so I do that in my spare time. Some of it pays, some not but it is enjoyable for me.
Thanks for the info chaps, all very interesting,
some form of reply to a few!
- I have a DSLR and do some photography as a bit of a hobby, unfortunately I'm not very talented yet and there seems to be huge swaves of people pottery around with £2Ks worth of kit just snapping amazing photos! well its how it feels anyway! But an interesting option perhaps I think there are a few sites where I could post some of my better ones as a profile sort of thing and people who like them pay a small amount for a digital copy / large print etc.
- I do IT Support, Not that good at web stuff, I used to a little a few years ago but quickly got out-stripped by people who do it for a living doing a little on the side.
- I'm not what I'd consider poorly paid, I'm just conscious that I want to continue living where I do rather than move to one of the areas where work is more lucrative, and I'm not prepared to live in a hotel all week and work in a high pressure environment to get an extra £100 a week. At least when its just me, if I need to for a family of mine, I'd be there in a shot.
I'm just conscious that short of going into a managerial role, I'm close to the top of what I can expect to earn, and it seems to not particularly cut the mustard in terms of mortgage etc if I ever needed to move / wanted a bigger house etc. I'd not factor this income if I get any into that equation really but It would go towards savings / car funds etc. Just want to maximize my income potential whilst its just me! If I'm already doing that at the moment in all practical terms without going nuts...as it may appear, then that's fine.
some form of reply to a few!
- I have a DSLR and do some photography as a bit of a hobby, unfortunately I'm not very talented yet and there seems to be huge swaves of people pottery around with £2Ks worth of kit just snapping amazing photos! well its how it feels anyway! But an interesting option perhaps I think there are a few sites where I could post some of my better ones as a profile sort of thing and people who like them pay a small amount for a digital copy / large print etc.
- I do IT Support, Not that good at web stuff, I used to a little a few years ago but quickly got out-stripped by people who do it for a living doing a little on the side.
- I'm not what I'd consider poorly paid, I'm just conscious that I want to continue living where I do rather than move to one of the areas where work is more lucrative, and I'm not prepared to live in a hotel all week and work in a high pressure environment to get an extra £100 a week. At least when its just me, if I need to for a family of mine, I'd be there in a shot.
I'm just conscious that short of going into a managerial role, I'm close to the top of what I can expect to earn, and it seems to not particularly cut the mustard in terms of mortgage etc if I ever needed to move / wanted a bigger house etc. I'd not factor this income if I get any into that equation really but It would go towards savings / car funds etc. Just want to maximize my income potential whilst its just me! If I'm already doing that at the moment in all practical terms without going nuts...as it may appear, then that's fine.
Gassing Station | Finance | Top of Page | What's New | My Stuff