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Jun
Moonlighting for a Second Income
As oil prices rocket and push up inflation, more and more people around the world, are looking at ways to subsidize their income.
In the U.K. a foreclosure is called a repossession. Market analysis shows U.K. mortgage issues mirroring trends in the United States, as home owners find it difficult to refinance. The Council of Mortgage Lenders said the global credit crunch was exacerbating trends that were already emerging in the housing market. It said it had already been expecting arrears and possessions to rise, but the situation would be worse than previously expected because of the tighter lending criteria many mortgage lenders are now imposing.,
More people now, experiencing the “credit crunch” are “Moonlighting” with the sole purpose of generating an extra income to survive and which before, used to be to afford luxuries.
Moonlighting takes on various forms, ie those that take a second job over and above their normal job and the other individuals who also have a regular job, but who are skilled in what they do and offer a service to anyone prepared to pay them outside of normal working hours.
With the latter type of “Moonlighter” this can be a win win situation for both the consumer and the moonlighter alike.
The consumer gets a job done by a professional for a fraction of the normal cost of hiring maybe the same professional through the Company he or she works for. Add to this, the benefit of the moonlighter offering his or her services outside of normal business hours. ie no need to take time off work to wait for the washing machine engineer to call and fix your broken appliance.
The moonlighter gets an additional boost to his or her normal income.
Needless to say, there are risks associated with this practice, for both the moonlighter and the consumer.
From a Consumer point of view, if wishing to use the services of such a moonlighter, it makes sense to use only someone recommended or at the very least, ensure that he or she has suitable liability insurance cover for any unforeseen accidents etc.
The greatest risk however, is for that of the moonlighter.
Most employers, will take a very dim view of anyone carrying out or offering a service in the same field as which the moonlighter is employed by them. Anyone considering this route would do well to check their contract of employment to ensure that they do not breach the terms of this and which could lead to dismissal if found out. If in doubt ask!
Moonlighters should always make sure they have adequate liability insurance, to cover them against claims for accidental damage or even negligence etc.
There is another type of moonlighter. Those individuals and there are more and more of them, who start an on line home business part time. The attraction of being able to make a substantial increase in income on line, is drawing in hundreds if not thousands of people daily.
No matter what type of moonlighter, they are all striving for a common goal….to make money!
It cannot be stressed enough, that when you make money, you attract the Tax Man! You must keep records of all income and expenditure and be prepared to put some aside for when the Tax man wants his cut!
Copyright © Graham Maddison-2008
For more advice on moonlighting or to register your services visit the Moonlighters Web Site
Hello Graham,
You’re totally right, and any online entrepreneur with the intention of starting a work from home sweet home business should take notice of the advice.
June 14th, 2008 at 11:55 amGreat post…there certainly plenty of us who would love some supplementary income.
June 14th, 2008 at 12:52 pmMore income outside the job?
Yes please Graham!
Alan
June 15th, 2008 at 6:00 amSimple Work From Home Opportunity
Thanks for the excellent information. I hope you’ll share your insights by contributing some of your business advice to my article directory.
And I hope everyone who reads this will heed your words!
Melissa
June 15th, 2008 at 8:49 pmHi Graham,
Thanks for the gt=reat article, you are right, whenever you wanted to moonlight in the past, it was a job in a bar, or waitress in a resturant. But you can make more money online, it just takes a little time to start.
Regards
Alan
June 16th, 2008 at 8:13 amHi Graham,
Thanks for the information, I guess we are all here for the same goal – extra money.
Tanny
Home Business Ideas
June 17th, 2008 at 4:12 amMoonlighting for a Second Income | Second Income Opportunities…
Moonlighting for a Second Income…
June 17th, 2008 at 11:21 amHi Graham,
Good post, I suppose if it’s internet marketing in your spare time or any other part time job, it’s all a form of moonlighting for extra cash until you are ready to go full time.
best wishes,
Mal
June 17th, 2008 at 3:28 pmI love the topic of second income. Awesome post and blog. I document my search for finding second income streams over at 20s Money.
Thanks for the great info and a great blog. Keep up the awesome work. Look forward to reading more.
June 19th, 2008 at 11:56 amHi,
September 20th, 2008 at 10:57 pmMy name is robin. I want to say this is one of the best blogs and informative one I have ever visited.
Nice information. I would come back to read more and get myself educated and updated.