ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Man Rakes in $344K Annually Holding Three Full-Time Remote Positions; Here’s How He’s Justifies It

Since the second job was completely remote and Joseph found it to be rather straightforward, he decided to stick with it while looking for a third.
PUBLISHED MAR 29, 2024
Cover Image Source: Workers are successfully juggling multiple jobs (representative image) | Photo by Andrea Piacquadio | Pexels
Cover Image Source: Workers are successfully juggling multiple jobs (representative image) | Photo by Andrea Piacquadio | Pexels

Many people in today's environment are searching for additional income opportunities. However, have you ever considered working two full-time jobs in addition to one? Unexpectedly, for some people, this strategy has improved their financial circumstances. This strategy is called "overemployment" and it involves individuals taking on multiple full-time jobs, working them remotely from home.

Image Source: Photo by fauxels |Pexels
Employees working remotely are increasingly becoming 'over employed' | Photo by fauxels | Pexels

Although this concept is not new, its acceptance has grown dramatically since the pandemic started. According to a survey done in 2023, a staggering 37% of professionals were working more than one full-time job and among them, 57% were even thinking about getting another job. For example, Joseph, a Gen Xer who works in IT has three full-time IT jobs and makes $344K annually without telling his employers about it.

Let's go back to 2020 when 48-year-old Joseph from Texas obtained a new IT position paying $120,000 a year. His former employment, which paid $117,000 a year, was coming to an end when a coworker made a suggestion that completely changed his life: why not keep both jobs? Joseph found this proposal to be quite meaningful. He discovered that he was only putting in roughly six hours of actual work each week at his current position, which is something that many professionals can identify with. He decided to give it a shot. The new position required 30 to 40 hours a week, which sounded reasonable given that an average workweek consists of roughly 44 hours. It didn't seem like a big problem to add more hours.

Nevertheless, when it appeared like he would lose his job, things took an unexpected turn. In an attempt to reduce his risk, Joseph secured a second job that paid $120,000. But in contrast to what he had anticipated, he kept his position, and his workload dropped to about eight hours per week, which was comparable to his previous job.

Since the second job was completely remote and Joseph found it to be rather straightforward, he decided to stick with it while looking for a third. Why not, he thought, since the compensation was good and the job was light?

Image Source: Photo by Andrea Piacquadio |Pexels
Many employees are working multiple jobs (representative image) | Photo by Andrea Piacquadio | Pexels

He continued with his multiple jobs and now he's reaping the rewards. He has paid off his cars and the remaining $129,000 on his mortgage. Moreover, he's saving money to put his kids through college without taking on any debt. Joseph acknowledges that he never intended to work several jobs: he assumed that each position would only be temporary. Strangely enough though, the workload never seemed to get too much for him to handle.

Nonetheless, juggling several occupations has worn him down. He is worn out and is unsure of how long he can go. It's taxing work, particularly in non-IT fields where downtime is generally shorter. Joseph is also concerned about the potential hazards. Although it's not illegal to work more than one full-time job, businesses do not support it either. The likelihood of being caught in this practice is increasing, which could result in repercussions from companies.

Despite the risks, Joseph believes it's worth it. The financial stability he's achieved, like paying off his house and cars, outweighs the uncertainties. He just wants security for his family's future. Regarding the moral aspect, Joseph argues that it's not him or others like him who created a job market where stability is rare and financial success seems out of reach without a substantial combined salary. He reasons that as long as he fulfills his job responsibilities, whether working 15 or 40 hours a week, he deserves his salary. It's hard to dispute that logic.

MORE ON MARKET REALIST
The counties with the most expensive housing are located in the West.
14 hours ago
The President recently signed an order barring corporations from buying single family homes.
1 day ago
If consumed the product could prove fatal for those with a peanut allergy.
1 day ago
She missed out on the car by just one number, which must have been painful.
1 day ago
Regional grocers had a fantastic performance as they took the top three spots in the rankings.
1 day ago
They wished to remain anonymous and took some time to seek financial and legal advice.
1 day ago
Increased consumer spending, exports, government expenditure, and investment drove the U.S. economy's 2.5% annualized growth rate.
1 day ago
"The A was a good guess but the B or the O could be used. Q is a rare letter but not frequently used here," a fan reacted.
2 days ago
She had a good feeling about the item when she saw it but she wasn't sure of its value.
2 days ago
The overhaul comes as a direct result of the Trump administration's aggressive budget cuts.
2 days ago
She did not put a foot wrong in her performance which left fans and the cast impressed.
2 days ago
He also credited US President Donald Trump for his vision of re-industrialization with AI.
2 days ago
His comments were made in response to a Danish pensioner pulling their investment from the US.
2 days ago
This ruling reflects growing trade tensions between the US and Europe amidst the Greenland crisis.
2 days ago
She did not win much but it would have been better than going home empty-handed.
3 days ago
Brian Moynihan told Fox that a number of factors will contribute to the US GDP growth.
3 days ago
The President has a desire to take control of Greenland, threatening allies with tariffs.
3 days ago
It seems like the people of Denmark are replying to the US by using their own tactics.
3 days ago