Episode Transcript
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Speaker 1 (00:00):
I like asking questions, and the reason why is because
the fund begins when you start researching for answers such
as is it healthy to make the decision to work
a third or fourth job? I mean, somebody's got to
pay the bills, but at what cost? Plus what if
you decided to rent out part of your home? Good
or bad idea? My name is Erro. I'm a daily writer,
(00:22):
a silent wolf. I stand on the sidelines and do
nothing but watch, listen, study, then activate. I happen to
call it the daily Mess, a chronological walk through an
everyday world. Yeah, it's my morning pages. As a receiver
of thoughts and ideas, we as people tend to throw
things to the side because we think we're going to
deal with it later on. Well, when a subject arrives
(00:43):
inside of me, I know it's time to dig in.
It's still keeping that daily journal, but by doing the research,
the picture becomes clearer. This is the daily mess, making
that choice to pick up a third or fourth side hustle?
I mean, rent is do? Government are no longer coming in,
there's too much competition with instacart. What are we going
(01:05):
to do? What can we do to make ends meet?
Believe it or not, Only five point two percent of
the workers in the United States have multiple jobs. Five
point two percent. Remote working is adding to the growing list,
but it's still not enough to create a physical wave.
People trying to hold down three to four jobs is
very rare. Remember, the more jobs you're hosting, the higher
(01:29):
the stress level. I mean, all four jobs have got
to work together as one machine. Financial necessity is a
real deal. The cost of life is at its highest
and wages pretty much suck. People have been known to
take on three and four jobs to gain access to
new skills. I mean, it looks better on the resume.
What are we truly talking about when it comes to
(01:51):
why we have those jobs? Are you saving money? Are
you hoping for future goals? That should be your focus?
Holding down what I call and emergency job gives you
peace of mind when life is suddenly given a curve
ball once again. Mental health experts warn that having more
than two jobs can be very, very tough on your spirit. Hey,
(02:14):
coming up next, wouldn't it be a great idea if
we rented a little bit of this house to help
pay for the house payments? Hey, thanks for coming back
to the daily mess During these times of change, is
it better to rent out space in your home to
help pay the bills. As great as it sounds to
have what appears to be financial relief, renting part of
(02:36):
your home has its share of drawbacks, such as your privacy.
You also take the risk of property damage or difficult tenants.
Making the right move depends on your circumstances, risk tolerance,
and whether you can handle the responsibility of being a landlord.
The prose of renting out part of your home includes
(02:58):
steady income, taxiductions, and there's always partial property appreciation. If
you live in an area where home values are rising,
guess what you can raise the cost of your rent.
So what are the cons Little to no space for you,
Increased responsibilities. You are the fix it person. You should
(03:18):
always have access to whatever is the risk tomorrow. Review
your insurance. You may need to create an umbrella to
protect everything that's going on. Make sure that you have
a bank account that's ready to take on what's going
to go wrong. I'm Meryl, and that's the daily mess