- A full-time account manager at a software company started another job as a sales representative.
- He still works 40 hours per week, but expects to earn about $40,000 in additional income this year.
- The money goes toward his credit-card debt, his wife’s college tuition, and his retirement savings.
Fayette Woods, 26, says he needs two jobs to meet his financial goals, including paying for his wife’s college tuition, saving to retire at age 60, and one time Including paying your bills. four decades of high inflation,
But Woods does both of his jobs during the same hours, and neither employer knows about the other.
“In this economy, you can’t get by with one income,” Woods said. He requested that his real names and employers be kept anonymous for privacy reasons, but his identity is known to Insider.
Woods, who is a full-time account manager at a software company, also sells furniture for a retailer. He said working remotely for both jobs allowed him to avoid being caught – and that was only possible during the pandemic.
By working about 40 hours a week — paying for 60 — Woods expects to see a salary increase of $40,000 this year. He’s on track to earn more than $160,000 at the software company this year, including commissions, pay stubs, as shown by Insider.
This has opened up new possibilities for Woods, who has paid off all of his credit-card debt since starting two jobs last November and plans to start his own business with the extra cash.
More Americans are finding it necessary to follow a path like Woods as the cost of living gets higher and higher. except last year record high inflationcost for Accommodation, educationAnd health care growing for decades. And while great resignations have forced companies raise wagesit’s a drop in the bucket later Decades of stalled salary, To cope, there are some white-collar activists secretly holding Two remote jobs, many of which earn between $200,000 and $600,000 per year, as originally reported by The Wall Street Journal.
“It feels like it’s a lot of work, doing two jobs, and the first month is difficult because you have to find the balance,” he said. “But once you go through that phase, it becomes a part of your day-to-day life.”
the science of choosing another job
Woods said he realized his work at the software company didn’t fill a 40-hour week, and that he could spend time making money elsewhere.
“I don’t have a college degree, and I’m only 26, so it’s impossible for me to land two positions where I’m making more than $150,000 a year,” Woods said. “I wanted to make more money so that I could do more things, so that I could invest. I wanted to build my nest egg.”
Woods said there are two factors to consider when choosing a second job. First, make sure that the timing of the tasks required for each task does not overlap. It’s also important that your second job isn’t so much extra work that you get burned out.
He said he learned these lessons the hard way with his first attempt at a second job. Last November, he started working part time at an analytics firm in addition to a software job, but the analytics firm wanted him to cold call at a time that would hinder his second job.
“I realized I shouldn’t go after positions for money,” he said. “I needed to pursue my own happiness, too.” He said he prefers work-life balance in conjunction with his current jobs, where he doesn’t have to call after working hours.
He also said that his system appears to be the best way to deal with rising costs around him – namely Record-High Rentals in America.
The extra cash from his job at the analytics company meant Woods could clear the balance of his credit-card debt — more than $7,000, insider verified. Before getting his second job, he said, he was only able to pay interest every month. With the extra income, he was finally able to tackle the original loan.
The second job also means that he and his wife can rent a four-bedroom apartment for $2,000. And having kids is something they feel more comfortable with now that they have more savings.
release from more employment
Woods said doing two jobs brings an adjustment period, but now he’s got a groove.
He works in a software company from 7 am to 10 am. From 10 a.m. to 2 p.m. he balances his software work with calls to the furniture retailer. Then from 2 pm to 4 pm he again works exclusively for the software company.
Woods said it’s manageable because the tasks for his job at the retailer fit in between the duties of his full-time position. He makes five phone calls an hour selling furniture, and he controls his hours at the software company. It also helps that she doesn’t have daily meetings.
But that doesn’t mean he doesn’t have close calls.
When Woods combined a previous part-time job at an analytics firm, he said, he sometimes had to be in two meetings at the same time, with his cameras and microphones turned off and using two sets of headphones.
Once, while he was talking to his manager in another company, one of his bosses tried to call.
“I was able to say that I was having a technical problem on Zoom,” he said. “If I had been working in the office, I wouldn’t have been able to do this at all.”
‘swallow your pride’
Woods said it’s important not to be particular about reputation in another job. He said that work-life balance and work-work balance are more important.
“My advice is to just make sure you create a schedule and stick to it, and swallow your pride and take that extra $15 an hour,” he said.
Woods said he had a “great resignation regret”, while leaving the job was “just going after a higher paycheck” when he left his job at the software company in 2020 to work at JPMorgan. He was laid off after six months and returned to the software company, which he called “a blessing in disguise”.
“Some companies expect a lot from you and look good on paper,” he said. “Instead of leaving the job of your choice, add another job,” he advised. His sentiments match the sentiments of many employees who have left their jobs in the past year for better pay, only leave at the end His new position as well.
Woods said being ineligible for his retail job makes it easier.
“I have 10 years of sales experience, so I can go looking for a more high-potential job,” he said. “But with one comes a lot of stress.”
But moonlighting as a furniture salesman doesn’t inspire those sentiments.
“It’s the equivalent of LeBron James picking a game of 21 at a community college — a little work here, but not that much,” he said. “And I’ve been really successful at it.”