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Life - official thread

Joe Bagadonuts said:
Provo, right below the Deer Creek dam
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I know the exact bridge I think. I could see how that would happen. So unfortunate. Horrible horrible situation.
 
went to portland 2 weeks ago. beautiful city. I love oregon. It is so green compare to southern california. I want to move somewhere else. Thinking about wahsington or colorado. Utah will be my top choice but hard to find a job there


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dong2ha said:
went to portland 2 weeks ago. beautiful city. I love oregon. It is so green compare to southern california. I want to move somewhere else. Thinking about wahsington or colorado. Utah will be my top choice but hard to find a job there


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Utah is one of the best places in the country for finding a job. What line of work are you in?
 
dong2ha said:
biotech. Not that many biotech jobs in utah...


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I think there are a fair amount in Salt Lake. Not much elsewhere in Utah. University of Utah, Myriad, a few others I think.
 
Have you guys read about those people who swear by having multiple income streams? Like the guy who wrote the book "The Four Hour Workweek" or those goons who talk about how they have 15 income streams so if they lose one they don't worry about it much?

Been thinking about that a lot lately. I am planning on starting a few different things this september, as soon as my season up here in Jackson Hole is done. I am hoping to basically replace my current income by committee. Looking forward to the flexibility and hopefully the chance to make a little more money.
 
b_line said:
Have you guys read about those people who swear by having multiple income streams? Like the guy who wrote the book "The Four Hour Workweek" or those goons who talk about how they have 15 income streams so if they lose one they don't worry about it much?

Been thinking about that a lot lately. I am planning on starting a few different things this september, as soon as my season up here in Jackson Hole is done. I am hoping to basically replace my current income by committee. Looking forward to the flexibility and hopefully the chance to make a little more money.
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The problem with this thinking is that how valuable are you in each stream? If you are making $50/hr in one line of work, does it make sense to start up another line at $20/hr? Or work more hours in your current stream?

For example, I have an uncle is has multiple streams of income. He has a fireworks stand, he sells pizza at fairs, he dabbles in this and that. He makes $1000 profit for a week at a fair...but his hourly wage comes out to $11/hr. That's a hella lot of hard work for $11/hr.

BUT, if you are only making $11/hr, then it's a GREAT idea.
 
green said:
The problem with this thinking is that how valuable are you in each stream? If you are making $50/hr in one line of work, does it make sense to start up another line at $20/hr? Or work more hours in your current stream?

For example, I have an uncle is has multiple streams of income. He has a fireworks stand, he sells pizza at fairs, he dabbles in this and that. He makes $1000 profit for a week at a fair...but his hourly wage comes out to $11/hr. That's a hella lot of hard work for $11/hr.

BUT, if you are only making $11/hr, then it's a GREAT idea.
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That is a good point, I have thought about that a bit. I guess the point I would make is that if its not worth it to do one of them, I can just discontinue that activity and get another going.

I have been doing a bit of this the last few years, between my day job, flipping homes, and some side work. I haven't felt ready to quit my day job just yet though, so that is kind of the next leap.

The other thing is that I need to move from a mindset of money coming in bi weekly to a mindset of budgeting the money that comes in a few times a year in big chunks sometimes, with small supplemental income weekly or so.
 
green said:
The problem with this thinking is that how valuable are you in each stream? If you are making $50/hr in one line of work, does it make sense to start up another line at $20/hr? Or work more hours in your current stream?

For example, I have an uncle is has multiple streams of income. He has a fireworks stand, he sells pizza at fairs, he dabbles in this and that. He makes $1000 profit for a week at a fair...but his hourly wage comes out to $11/hr. That's a hella lot of hard work for $11/hr.

BUT, if you are only making $11/hr, then it's a GREAT idea.
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So he's physically present at the fireworks stand and the fairs then? And setting up everything? That would seem to be the time suck issue there. The key is to make every stream as passive as possible, no? Even if it sucks up 1/2 your profits hiring a few guys....just so you can get another stream rolling.
 
b_line said:
Have you guys read about those people who swear by having multiple income streams? Like the guy who wrote the book "The Four Hour Workweek" or those goons who talk about how they have 15 income streams so if they lose one they don't worry about it much?

Been thinking about that a lot lately. I am planning on starting a few different things this september, as soon as my season up here in Jackson Hole is done. I am hoping to basically replace my current income by committee. Looking forward to the flexibility and hopefully the chance to make a little more money.
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Pretty sure pg~abitch wrote that book.
 
b_line said:
That is a good point, I have thought about that a bit. I guess the point I would make is that if its not worth it to do one of them, I can just discontinue that activity and get another going.

I have been doing a bit of this the last few years, between my day job, flipping homes, and some side work. I haven't felt ready to quit my day job just yet though, so that is kind of the next leap.

The other thing is that I need to move from a mindset of money coming in bi weekly to a mindset of budgeting the money that comes in a few times a year in big chunks sometimes, with small supplemental income weekly or so.
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You have to pay taxes on your profits from the flips, right?
 
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