Author Topic: Should I work both jobs?  (Read 1293 times)

aljosu94

  • 5 O'Clock Shadow
  • *
  • Posts: 1
Should I work both jobs?
« on: September 02, 2016, 03:24:18 PM »
Hello everyone,

Long time reader, first time poster. I'm hoping someone could give me insight on a work-related situation.

I'm a 25-year-old with no debt, no dependents, and approximately $35,000 in assets (savings/checking/Roth IRA.) Yesterday, after months of searching for a new position, I finally accepted a full-time offer with a Fortune 500 company to work as a database management associate, making approximately $45,000 a year. This position offers excellent benefits, including both a pension and 401k, health insurance, and more. But now Iím interested in maxing out my earning potential and striving for that coveted financial independence state.

At my current position, I work as a communications professional with a local church. I love the job, but I only made $20,000 a year doing part-time work.

Should I attempt to work both positions? I want to continue in the communications field (and hope to rise through the ranks of the new company and into their communications department) and think that continuing my work with the church will pad my resume when the time comes. I also want to continue saving for a house, retirement, and graduate school. However, I would be working six days a week, 65+ hours a week, and have very little down time.

Advice welcome!

11ducks

  • Pencil Stache
  • ****
  • Posts: 559
  • Location: Duckville, Australia
Re: Should I work both jobs?
« Reply #1 on: September 02, 2016, 04:32:03 PM »
I say give it a try for three months and see how you go. If the PT church work can be fitted in after hours/on weekends, I don't see why not? Do you have a family or any of those responsibilities? IF not, do it

lhamo

  • Walrus Stache
  • *******
  • Posts: 9634
  • Location: Seattle
Re: Should I work both jobs?
« Reply #2 on: September 02, 2016, 05:19:10 PM »
Does the work for the church REALLY require 20 hours/week, every week?  If not, you might want to see if they would let you continue on an hourly/consulting basis, maybe for a slightly higher hourly rate than you are currently getting.  They get the benefit of possibly paying less, covering only the hours you really need to get the work done, and keeping you as a known entity.  You get the side gig income without having to commit to an insane 65 hour a week schedule.

If it really takes 20 hours a week to do the church work then you might want to try it for a few weeks/months and see how it goes, but I predict that you will get burned out pretty quickly without much downtime. 

Tjat

  • Pencil Stache
  • ****
  • Posts: 562
Re: Should I work both jobs?
« Reply #3 on: September 02, 2016, 05:55:49 PM »
Is also consider the possibility that the new position will occasionally or often require more than 40 hours a week.