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☆ Side hustles are becoming young people's safety net amid so much economic uncertainty
▼ + stars: | 2024-02-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at why side hustles are all the rage these days . Call it “overemployed light,” but working side jobs for some extra income is en vogue, especially for young people. For as much energy as they put into eliciting change, they also view their job as… just a job.

Persons: —, I've, Andrew Hollenhorst, we’re, hasn’t, Gen Zer, Jackie Mitchell, Mitchell, Business Insider’s Madison Hoff, Michell isn’t, Zers, don’t, Z, Eve Upton, Clark, Keida Dervishi, Jeremy Grantham, ” Grantham, Riley Wealth's Paul Dietrich, Bryan Erickson, Craig Hastings, Isabel Fernandez Pujol, Oppenheimer, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Citi, Boston Globe, Labor, Getty, Netflix, Walmart Locations: California, TikTok, New York, London

☆ A millennial explains how he makes over $250,000 secretly working 2 remote jobs — and shares 4 tips for the overemployed
▼ + stars: | 2024-02-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

To this day, Tomas is secretly working two full-time remote jobs that pay over $250,000 a year in combined salaries, according to documents viewed by BI. Tomas is among a small group of US workers — many in the tech and IT industries — secretly holding multiple remote jobs. He’s even encouraged some colleagues to look for second jobs and provided advice on pulling it off. He said one of his jobs became much more demanding and that he wanted to adjust to the workload before he took on a second job again. All but one of his jobs were remote — he said flexible working hours enabled him to juggle a hybrid and remote role for a while.

Persons: —, Tomas, ”, overemployment, “, he’s, it’s, didn’t Organizations: Service, Business, BI Locations: Georgia

☆ Why a millennial gave up on 'overemployment' despite making over $500,000 secretly working multiple jobs
▼ + stars: | 2024-01-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Secretly working multiple remote jobs at once made an "incredible difference" to his finances. He thought the idea of secretly working multiple remote jobs to boost his income sounded appealing, so he decided to see if it was possible. While juggling multiple roles proved to be possible — and financially lucrative — William said overemployment began to take a toll. First, workers should check if a company has an explicit policy against employees having multiple jobs. AdvertisementAdditionally, William said it's easier to balance multiple jobs when you have more control over your day-to-day responsibilities and schedules.

Persons: —, William, he'd, overemployment, Overemployment, jugglers, it's Organizations: Service, Business Locations: Texas, Reddit

☆ The end of workplace loyalty
▼ + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +16 min

Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.

Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, —, it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business

☆ A new era for the market means a new way to think about investing
▼ + stars: | 2023-12-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market volatility in the wake of the pandemic gave people visions of getting rich overnight, but true investing is a long-term play. As a result, a new market regime means new investing strategies will be necessary, James and Will write. Setting aside recency bias, it's been relatively easy to generate good returns in the market over the past 10 years. AI names may have commanded the market's attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets.

Persons: —, Liam Eisenberg, Insider's James Faris, Will Edwards, Let's, James, Will, Spencer Platt, that's, Arantza Pena Popo, bitcoin, Alyssa Powell, Prasad Kalyanaraman, Cybertruck, Elon Musk's Cybertruck, Jay, Tyra Banks, Blake Snell, Thomas Carlyle, I'd, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Getty, Marathon Digital, Oxford Dictionary Locations: America, Europe, EU, New York City, San Diego, London, New York

☆ A Gen Xer making $344,000 secretly working 3 jobs got laid off from 2 of them. He said that's exactly why he was overemployed.
▼ + stars: | 2023-12-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

A 48-year-old began secretly working three full-time remote jobs last year, earning a combined $344,000. He was laid off from two of his jobs in October — and said this is why he sought out extra job security. Last year, Joseph earned a combined $344,000 working three full-time remote jobs at the same time, according to documents viewed by Business Insider. While working three jobs has been life-changing for him and his family financially, he said balancing emails and meetings — and keeping his other jobs a secret — was becoming unsustainable. Joseph said he managed to juggle three jobs for over a year by blocking off his work calendars to prevent meeting overlaps.

Persons: —, Joseph, it's, he's, BI's Aki Ito Organizations: Service, Business Locations: Texas

☆ How to talk to your secretly 'overemployed' friends
▼ + stars: | 2023-11-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

There's a secret world of "overemployed" people who are holding down multiple high-paying jobs. "Overemployed" workers use their own language and codenames on Reddit. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Taking on multiple jobs to make ends meet isn't new, but these are professionals, often making large salaries, who are making hay in the remote work sunshine. Facebook mom groups talk about DH (dear husband) or LO (little one, or kid); and on looksmaxxing TikTok they talk about mogging (being more handsome than someone else).

Persons: —, Insider's Aki Ito Organizations: Meta, IBM, Service, J3, RJ

☆ 'Overemployed' Workers Secretly Juggle Several Jobs for Big Salaries
▼ + stars: | 2023-11-13 | by ( Aki Ito | ) www.businessinsider.com time to read: +21 min

Holding down multiple jobs has long been a backbreaking way for low-wage workers to get by. They freeze their employment histories with Equifax and hibernate their LinkedIn profiles, so employers can't see they're holding multiple jobs. Those with multiple jobs also seek out positions they hope will be OE-friendly — light on meetings, as well as on the workload. There's another incentive: Unlike most Americans, those who work multiple jobs don't have to worry about layoffs. There's something radical that happens to a worker's psychology when they have multiple jobs.

Persons: Bryan Roque, He'd, Roque, I'm, Isaac, Reddit, commiserate, he'd, it's, they're, —, Tyler Le, George, who's, I've, Allison, Cole, he's, Matthew Berman, hasn't, Meta, Tinder, jugglers, Taylor, they'll, normies, Redditor, she'd, she's, Aki Ito Organizations: Amazon, IBM, Meta, Financial Independence, J1, McKinsey & Company, J2 Locations: Meta, Tinder, New York, California, Meta's, tatters

☆ The Latest News, Headlines, and Business Stories for November 13
▼ + stars: | 2023-11-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at what the $650 billion in unrealized losses means for financial firms. That's the unrealized losses US financial firms wracked up as of September 30, according to Moody's estimate. That means there's a lot of wiggle room for how big banks can portray them on their balance sheet. To be sure, big banks are better capitalized than SVB. Big banks' share prices noticeably dropped as bond prices sunk.

Persons: —, it's, Nikolas Liepins, it'd, Matthew Fox, Dow Jones, isn't, Wall, Jim Chanos, Chanos, Ralph Lauren, Expedia, Apple, Dan Clancy, he's, Tyler Le, Tyson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Anadolu Agency, Getty, NFL, Bank, Bank of America, Orrell, CNBC, NBCU, Apple, Big Tech, Professional, Vegas Golden Knights, Stanley, Tyson Foods Locations: Florida, New York City, San Diego, London, New York

☆ It shouldn't matter if people work multiple jobs. The former VP of HR at Microsoft shares how to react to double dippers — 'get over it.'
▼ + stars: | 2023-11-06 | by ( Chris Williams | ) www.businessinsider.com time to read: +9 min

Working multiple jobs is commonYou know who also works two jobs? It even sprouted an online community at Overemployed.com of how-to articles and people sharing tips on how to work multiple jobs remotely. An employee working for a competitor — or even worse, leveraging confidential information — is a problem. AdvertisementAdvertisementRather it should be, "Can you teach everyone how you're doing that?" You have an employee doing good work and getting fairly compensated for that work.

Persons: Chris Williams, —, I've, Uber, You've, it's, they're Organizations: Microsoft, Service, Employees, Silicon, . Locations: Overemployed.com

☆ A Gen Xer who secretly works 3 full-time remote jobs and makes $344,000 paid off his mortgage and is saving to send his kids to college debt-free
▼ + stars: | 2023-06-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

A 48-year-old began working three full-time remote jobs last year. But before he was out the door, he said a colleague convinced him to stay and try to work both jobs at once. He's also among a smaller group of white-collar workers secretly holding multiple full-time remote jobs to, in many cases, double their salaries. "In the IT world, we never really work a full 40 hours a week," he said. "I am salary-based, so it doesn't really matter if I work 15 hours a week or 40 hours a week," he said.

Persons: he'd, —, Joseph, He's, they'll, It's, let's, he's, doesn't, he'll Organizations: Service, Disney Locations: Texas

☆ A 22-year-old making $144,000 from 2 full-time remote jobs explains why he's willing to take the risk — and shares 5 strategies for getting away with it
▼ + stars: | 2023-05-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A 22-year-old began working two full-time remote jobs in 2021. In November of 2021, he started a second full-time remote software engineering role. While juggling two roles can be stressful at times — like when he has overlapping meetings or receives unexpected work — Jason said that in some ways, his working arrangement reduces his stress. The desk in his apartment where Jason usually works Jason5 strategies to work two remote jobs and get away with itJason said he uses five different strategies to juggle both jobs and not get caught. Why he's not worried about an overemployment crackdownSince taking on two full-time remote jobs, Jason said he has immersed himself in the "overemployed community" online — the r/Overemployed subreddit has 176,000 members.

☆ Elon Musk runs 3 companies — and his executive juggling act is the perfect example of how the modern CEO job is broken
▼ + stars: | 2022-11-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +15 min

Musk is currently the CEO of three different companies: SpaceX, Tesla, and, of course, Twitter. But like many CEOs, he's accumulated a huge fortune by juggling several companies and directorships at once. While Musk may be an extreme case, he's also the perfect example of the modern CEO: a chaotic blend of unproductive micromanagement and highly-paid absenteeism. In the extreme, some CEOs like Musk have taken on the management of multiple large companies. And Musk isn't the only executive who would be better served focusing on one task.

☆ 3 managers suspected their employees were working another full-time job but didn't fire them. Here's why, and what they did instead.
▼ + stars: | 2022-07-26 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

Some employees are working two full-time jobs in secret to make extra cash. It was here he discovered that they were in fact working another full-time job, though they were spending less than 40 hours a week on it. "Even when they aren't handling another full-time job on the side, they still have families, friends, pets, and hobbies." Daivat DholakiaEssenvia doesn't allow employees to work a second full-time job at the same time that they're employed full-time with the company, Dholakia said. As was the case with Snead's employee, Dholakia's employee quit the second job, and they're still with Essenvia today.

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