This. Plus I want OP to do it as a grand experiment of sorts. And seriously consider writing a book about this or otherwise keeping some sort of journal. It would make a great story.
I doubt he'll have time. He is going to be working two full time jobs afterall. :)
Haha, exactly. A third job is just what I need!
I find the ethical argument some have pointed out to be the most interesting, because business ethics are so often a one way street. My current employer is a multinational behemoth motivated solely by profit. It does things like strategically refusing to pay suppliers, selling products it knows to be defective, violating the intent but not the letter of the law... my salaried employment contract is at will and I can be discarded at any time. They basically give zero shits about me. Yet, I am the ethically bankrupt one if I do not show complete loyalty in my behavior and putting my employer's interests first as expected. To this I say: I too can do everything possible in my own interest that is not illegal.
I think a relationship has to be reciprocal. For example, my previous job was for a small start up company that clearly cared about its employees. I worked 110% for them (nights, weekends, whatever was needed) because I believed in what they were doing, and they did things like get me company equity as soon as they could and allow me to set my own schedule no questions asked. Heck, I'd even try to help them out if they called me today, even though I no longer work there.
Despite my love for gaming the system, at the end of the day I have zero risk tolerance for actually breaking the law. Unfortunately, I don't understand the law well enough to know if I would be brushing up against fraud or theft of wages in my state. I doubt consulting a lawyer would be cost effective (plus they'd probably be scared to death to approve this plan.) Since I calculate in the best case scenario I could probably only come out with smug satisfaction and $20k or so, I will probably go with honesty and offer my current boss a part time outside the hours of 9-5 consulting arrangement.
Worth re-reading, for me at least:
http://www.mrmoneymustache.com/2012/04/11/get-rich-with-good-old-fashioned-honesty/As for a book plot line, there's an interesting idea...