Recursive Complexity

Thoughts and musings of a programmer and wanna be entrepreneur

Posts Tagged ‘Money

Need to earn more money

with 4 comments

I want to earn more money than I am currently doing. I think most of us have gone through this feeling. Whats the solution to this problem ? I have come up with some answers.

They are…

  • Start freelancing by doing small projects in your free time.
  • Invest in the stock market.
  • Change your job.
  • Ask for a pay hike.

The above solutions look good, but don’t know why I havn’t been able to do execute them. The reasons for each option are..

1st option:

This requires some work to be done upfront like creating a profile, marketing yourself as a freelancer, knowing what you are good at and pitching yourself in that area to potential customers etc etc. I havn’t been able to do any of these till now. I want to do freelancing in creating websites for individuals and small organizations. As I am a C and C++ programmer, I have little knowledge about creating websites and the technologies used there. I have to get my hands dirty first by creating some websites and get a hang of it before taking up some projects. The biggest concern though is whether I will be able get the time to do these projects if i do get some ?? I am a geek and technology excites me…hence learning is not a problem…but its the second one….the question of time (and also dedication and commitment) for the projects that worries me. Hence I have not been able to do any progress in this area.

2nd option:

I have invested a good amount of money in the stock market and have got some good returns too. But stock market investment is a long term option and you won’t get that additional money every month or even after an year sometimes. Also you cannot utilize the money that you have invested as you don’t have it. You cannot get out of stocks that are in RED as you don’t want to incur any loss and your money is locked in that particular stock till it is making some profit. Therefore I can say that the extra money that you want (preferably) every month is not what stock market investment gives you (unless you are a stock broker yourself)

3rd option:

This option can really give you that extra money if you find the right job. But there are concerns here too. I really don’t know whether I will get the same kind of work that I am doing currently. I love what I am doing right now. If I don’t get the right work to do, then that extra money will be of no use as I won’t be motivated to do anything with that money as the primary thing that I am doing is not exciting. I am a geek as i said above and want something that acts as food for my brain, otherwise I am least interested in doing such things. Hence I have not been able to change my job.

4th option:

He hee… 🙂 This is a tricky area. I got a very good hike last year and theres another one scheduled this september. I can negotiate the percentage, but I don’t think much can be done about it as its the management which decides the percentage and whether I have been productive or not 😛 . I am optimistic though as the initial signs are that, I will be getting a good percentage this time too. But will this hike plug the hole that I am taking about ? What if I don’t get a good hike…I need something other than my work to fill this need and the hike is going to happen sometime in the future…what about till then ?

This is where I am right now (In limbo … watch Inception) wanting more money and doing nothing about it or in some cases things are not working out the way i expect them to be. Is there a fundamental flaw in my need ? Is my need flawed ? Can’t I have both money and good work together…do i need to do something else ? Am I being greedy here ? Will ponder on these things and write about it when i have a breakthrough.

Written by Vivek S

July 25, 2010 at 10:00 am

Posted in My different states

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