Hello there!
Long time lurker, I recently decided to become more active in the community :)
Question is : Should I quit my side hustle job? I haven't been able to decide for a long time now, so i'm turning towards the internet's wisdom = )
Context/Background : I have always been fairly Mustachian. Hate shopping and consumerism, etc. When I was younger I was doing it the other way around, by working tutoring 10/12h a week and living off this income. I eventually became bored and got a much higher paying job in my field, leading me to think about FIRE and trying to make more money.
I have no student debt and my net worth is about $30k AUD. I am in my twenties.
I have had my current position (4days a week) for almost 2 years, with a side hustle bringing in about $9k AUD after tax (about 8h a week including transport, taking up my 5th day and 3 early evenings).
My current saving rate with this side job is about 61%.
I recently changed jobs (another 4 days week position), and thanks to the pay increase of the new position (about the same amount as side hustle) I can
A/ Keep side hustle, spend $50 more per week and increase saving rate to 66%
B/Quit side hustle, keep same spending habits, keep 61% saving rate.
What should I do? Help!
Obviously more money means FIRE quicker, and I dont mind the side job but I am already rather frugal, dont have enough time for everything I want to do outside work, and can easily afford working 4 days a week and maintain over 60% savings rate.
Solve my dilemma fresh eyes ;)