When you’re just starting out, earning extra money on the side is always a good thing. But between your 9-to-5 job, leisure time and adult responsibilities, not everyone has time to commit to an actual second job…you know, one where you actually have to put in effort for. For this week’s post, I interviewed three fellow millennials with side jobs to help give you a glimpse of a few cons to working second jobs.
1. Don’t sell a product with a high initial investment.
“A girlfriend of mine guilted me into attending her aunt’s party for a well-known makeup company. I went, and was instantly hooked by the success she experienced. She only worked like 20 hours a week and had a free car and made all this money. I was suckered into becoming a sales associate under her. She made it seem like the $150 investment was a drop in the bucket compared to how much I would make. Over the course of a month, she kept pressuring me into spending another $600 on product for all my sales. I knew then that I should walk away. I lost $150 and will never sell anything again that requires an initial payment up front!” -Jennifer N., Columbia, Mo.
2. Avoid taking a job somewhere that requires you to spend your hard-earned money.
I speak from personal experience with this story. The summer between my junior and senior year of college, I worked a full-time, 40+ hour per week internship at an advertising agency. I also decided to keep my part-time retail job on the weekends. In the end, it was definitely not worth all the extra money I had to spend to keep the retail job. Not only was I expected to buy trendy accessories and shoes at the store, but I also had to wear trendy clothes. It just wasn’t practical to spend all that money on clothes I couldn’t wear to my full-time job. The discount was great, but it wasn’t worth spending most of my side money.
3. Ask yourself if it’s worth the extra effort.
“As a graphic designer, it’s so easy to take side jobs to earn extra money. You agree to do a logo design for a small business for, say, $500…and then you remember why you’re not a collections agent. Tracking people down for money, or not getting paid at all, are the worst feelings as a freelancer. For now, the occasional successful experience is not worth the lost time and wasted potential income.” -JP B., St. Louis, Mo
4. Consider the burnout factor.
“I bought a dance studio when I was 24. I loved my full-time job as a child life specialist, and I also loved this business. I grew up a student there, and I wanted to own it when the opportunity presented itself. I still love owning it, but 6 years in, something had to give. I ended up having to cut down to part-time at the hospital because I just didn’t have any balance. Either scenario was completely heartbreaking, but I decided to put more effort into my dance studio. My advice? You can have it all, but you can’t have it all at once.” -Jaana S., Overland, Mo.
Having a second income is great, but being happy and healthy are even more important. Do you have any experience with a second job? We’d love to hear about it. Comment below!