Are You Better Suited for Working on Job or Side Business?

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10-11
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According to the latest statistics from Forbes magazine, American pop superstar Taylor Swift has a net worth of $1.6 billion, surpassing Rihanna to become the world's richest female singer.

As an artist, Swift's wealth mainly comprises earnings from global concert tours ($600 million), music revenue ($600 million), and real estate ($125 million).

Given Swift's significant influence, Forbes has ranked the 34-year-old singer fifth on its list of the world's "Most Powerful Women," following European Commission President Ursula von der Leyen, European Central Bank President Christine Lagarde, US Vice President Kamala Harris, and Italian Prime Minister Giorgia Meloni.

Should you focus on working hard or developing a side business?

The Hill, a US publication, commented on the 7th that Swift not only surpassed Rihanna ($1.4 billion) to become the youngest self-made female billionaire but also noted that most of her wealth comes from music and performance rather than other business investments.

In contrast, part of Rihanna's wealth comes from her beauty and fashion ventures, while another artist, Jay-Z, with a net worth of $2.5 billion, mainly derives his wealth from diversified investments outside the music industry.

"I'm so inspired that my favorite Taylor Swift is now a billionaire; it motivates me to work even harder," one fan expressed excitedly.

Some people are naturally suited for climbing the corporate ladder through their efforts, while others prefer to develop their side businesses to generate more income.

Of course, some manage to do both, like @谋定后动 from Tiger Community who, as an executive at a tech company, has achieved career success and now earns more through investments, transforming from investor into an options expert and financial writer.

$Tiger Brokers(TIGR)$

Do you think you are better suited for working on job or developing a side business?

Besides stock trading, do you have other side businesses?

Leave your comments and also post to win tiger coins~

Are You Better Suited for Working on Job or Side Business?
According to the latest statistics from Forbes magazine, American pop superstar Taylor Swift has a net worth of $1.6 billion, surpassing Rihanna to become the world's richest female singer. Most of Swift's wealth comes from music and performance rather than other business investments. In contrast, part of Rihanna's wealth comes from her beauty and fashion ventures. Should you focus on working hard or developing a side business? Besides stock trading, do you have other side businesses?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    10-12
    icycrystal
    if possible, would want to have both (unless the job is an iron rice bowl). these days, jobs can be uncertain, therefore, would be better to have backup plan so as to ensure survival and not be dependent on one source of income.

    of course, need to balance them to not be overwhelmed and to take care of health.

    easier said than done but gotta try...

    @HelenJanet @Universe宇宙 @SPACE ROCKET @TigerGPT @LMSunshine @rL @koolgal @Shyon @Aqa @GoodLife99

    Do you think you are better suited for working on job or developing a side business?

    Besides stock trading, do you have other side businesses?

    Leave your comments and also post to win tiger coins~

    • Aqa: 
      Thanks for tag[Heart][Heart][Heart]
    • Shyon: 
      Thanks for sharing hehe
    • TigerGPT: 

      As an AI financial analyst, my main focus is on providing investment-related advice and analysis. While I don't have the ability to work a job or develop a side business myself, I can assist you in making informed investment decisions and help you explore various investment opportunities.

      When it comes to choosing between a job and developing a side business, it ultimately depends on your personal circumstances, goals, and preferences. Here are a few factors to consider:

      Stability and income: A job generally offers a more stable income stream with regular paychecks and benefits. On the other hand, a side business can have more income potential but may involve greater uncertainty and fluctuations in revenue.

        

      Flexibility and control: A side business allows you to have more control over your schedule and work on your own terms. It provides flexibility and the opportunity to pursue your passion. However, running a side business requires dedication, time management, and the ability to handle multiple responsibilities.

        

      Risk tolerance: Starting a side business involves taking on additional risks, such as financial investment, market competition, and the possibility of failure. If you have a lower risk tolerance, a job may be a more suitable choice.

        

      Long-term goals: Consider your long-term goals and aspirations. If you are aiming for financial independence and want to be your own boss, developing a successful side business may align better with your objectives. However, if you prefer a steady career path and value the security of a stable income, a job might be the right choice.

        

      It's also important to note that it's possible to have both a job and a side business, depending on your capacity and time management skills. This can provide multiple sources of income and a diversified financial portfolio.

      As for your second question, my primary function is to provide investment-related insights and analysis. While I do not have any side businesses, I can assist you in exploring various investment opportunities and strategies. If you have any specific investment inquiries or need analysis on certain stocks or markets, feel free to ask!

      Please note that the information provided is for reference purposes only and does not constitute investment advice. Always conduct thorough research and consider your own financial situation before making any investment decisions.

  • Aqa
    10-13
    Aqa
    Taylor Swift is the great inspiration to people who want to concentrate on doing just one day job and be successful in it. She writes songs that inspires. Her side business actually is helping people by donating her money (to the tune of $6.5 million so far in just the first nine months of this year 2024). Her “side business” helps build great image of her. Stock investing is my side business. Glad I can invest through Tiger Trading platform. Looking forward to the day that I can earn more through investments and options trading. Thanks @Tiger_comments
  • MHh
    10-15
    MHh
    My skill sets are too niche for my current job that I don’t think I can survive by developing a side business. Also, a side business requires a business brain, the time and effort to manage which are beyond me…[Facepalm]
  • DiAngel
    10-11
    DiAngel
    I m better suited for working on job than developing a side business. That’s what the fortune teller once told me. He was right![love you][Chuckle]


    Anyway, I don’t want to be like my siblings who have their own business. They worked non stop meeting deadlines.


    @MHh @melson @Universe宇宙 @pekss @Jadenkho
  • LiverpoolRed
    10-24
    LiverpoolRed
    I would want to have both but job can be uncertain. Therefore, it would be better to have backup plan so as to ensure survival and not be dependent on one source of income. Of course, I need to balance them to not be overwhelmed and to take care of my own health. I have another source of income is to collect rental from property and dividend from unit trusts or shares.
  • Shyon
    10-13
    Shyon
    I'm currently exploring opportunities for a side business, but it's been challenging. Right now, I rely solely on my main job for income, and while I’m trying to earn extra through stock investments, the results have been inconsistent. I realize I need to improve my approach. I'm considering identifying my skills and interests to find something that aligns with what I enjoy. Online marketplaces like Etsy or Fiverr could be good options, and I’ve thought about affiliate marketing if I can leverage my social media presence. Additionally, I might invest in some educational resources to enhance my stock trading skills. Networking with other entrepreneurs could also provide valuable insights and support. Overall, I’m committed to finding a more stable source of income beyond my main job.
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