Why Having Two Jobs Is Actually Better Than One
Many commentators see the prospects of people holding down two jobs as a damning indictment on today's capitalist economy. In order to survive, people can't just work a single job. They need at least two or more in a trend that's being called poly-working. However, there are reasons that having two jobs can actually be better than just having one. It's not all bad news, and many people choose to divide their day up into two portions.
So, what are the benefits of having two jobs, and how can it help you?
Built-in income diversification
One of the biggest benefits of having two jobs is the fact that it offers built-in income diversification. Many people who are reliant on a single employer are vulnerable to layoffs, especially if they don't have transferable skills. But when you have two jobs, even if one no longer requires your services, you can still use the other for a moderate income until you find another second job.
The great thing about this approach is it essentially ends the risk of redundancy. Having only one job puts you at high risk, but it's unlikely that two jobs are going to sack you at the same time, especially if they're in different industries. Furthermore, it can be useful to have a portfolio career in an unpredictable job market. If you're not sure what's going to happen in one niche from one year to the next, then the presence of other opportunities can be a lifesaver.
Faster skills growth
Having two jobs also gives you the option to develop your skills faster. You can learn multiple industries and how they then interface with each other. This sort of cross-disciplinary skill is rare in today's labor force because so few people have multiple jobs. But if you can prove yourself to be versatile and adaptable, it's actually more attractive to future employers.
The best situations are where job A makes you better at job B, and vice versa. Getting into a synergy like this improves your skills and allows you to progress in each individual job.
Higher marginal productivity per hour
Another reason that you might want two jobs is that you're better able to use the time available to you. Many people in office roles only work 2-3 hours per day, and the rest of the time is spent standing around the water cooler socializing or responding to unproductive emails. However, if you're able to have two jobs, then you can prioritize your time so that every hour you spend on each is as productive as possible. For example, you could focus on the 20% of your job that generates 80% of the reward in both activities. This way, you could maybe more than double your income compared to working full-time at one or the other.
Variety beats burnout
Imagine doing the same job for 40+ hours per week. For many people, it's repetitive and soothing, but for some, it can be so boring that it leads to burnout. Stagnation and disengagement are real risks in today's economy.
When you start switching contexts and tasks, though, burnout becomes less of a risk. Your brain has a new novelty to cling on to every time you do something different in one of your roles. It remains stimulated and productive. You don't feel stuck in some sort of monotonous culture or toxic environment. No matter how bad things get at one job, you've always got the other one to go to. When this happens, no single job drains you, and while this might sound strange, it can have a profoundly positive effect on your psychology.
Greater flexibility
You also get far greater flexibility when you work two jobs. Part-time jobs tend to have more flexible hours, or you're simply paid by the gig or the project that you complete. This is something that you can often find on sites like JobFlexy. You choose the hours you work, and when you're in the office, you can also adjust the amount of work you take on up and down depending on your requirements and the stage of life that you're in.
When you have flexibility, you essentially have control. You feel like you're in charge of your life and you can use your time how you want. You're not beholden to some boss or manager or a rota.
Optionality and future-proofing
The other big benefit, of course, is the additional opportunity and future-proofing that having two jobs provides you with. If you have more than one role, you can build career capital in multiple directions and then take advantage of opportunities when they arise.
For example, let's say that you have one job in marketing and another job in retail. You could do your marketing job for a couple of hours in the evening after working a day in retail. This approach allows you to progress on the retail ladder by becoming a manager and perhaps a regional manager, but it also allows you to take advantage of new marketing opportunities when they arise, as they did for remote businesses during the pandemic.
If you just have one employer or one work role, you're much more restricted in the avenues that you can take in the future. You might see marketing opportunities arise casually, but you may not have the skills or the embeddedness in the industry to take advantage of them.
Double income for financial freedom
Finally, and perhaps most importantly, having two jobs allows you to essentially double your income for financial freedom. Especially if you spend your time in a productive way, you can gain extra cash flow and build up a huge emergency fund for financial security. You could also save for a house or stack your retirement accounts and leave paid employment early if you want. Many people use a second income for high-impact activities. For example, they might use it to pay for education to develop a skill that they want or pay down student debt. Either of these approaches is great for improving lifestyle.
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