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Would you work double the hours for double the money?
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stphnstevey
Posts: 3,227 Forumite


I have the opportunity of working alot of extra hours (effectively double what I do now). I don't get overtime, just the same per hour.
It means working 5am-6.30pm, with 30mins lunch,basically 13hrs day for five day week (wkds free). Before anyone says this is not allowed - I am self employed, so can work what hours I like. I also work from home, so could get up 4.45am and be working by 5am.
It means double my current salary, but is alot more hours than I am working now (double).
It fits in ok with my other half who is up 6am and back in the house by 5.45pm
I don't really need the money, but it would allow me to pay off the mortgage in half the time.
Also if I didn't do this, I would be probaly using the time to work on some sort of investment, although that investment wouldn't probaly double my salary though.
Any constructive thoughts greatfully recieved?
It means working 5am-6.30pm, with 30mins lunch,basically 13hrs day for five day week (wkds free). Before anyone says this is not allowed - I am self employed, so can work what hours I like. I also work from home, so could get up 4.45am and be working by 5am.
It means double my current salary, but is alot more hours than I am working now (double).
It fits in ok with my other half who is up 6am and back in the house by 5.45pm
I don't really need the money, but it would allow me to pay off the mortgage in half the time.
Also if I didn't do this, I would be probaly using the time to work on some sort of investment, although that investment wouldn't probaly double my salary though.
Any constructive thoughts greatfully recieved?
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Fine for some spending money but if I had kids I wouldnt want to work too many hours, you can never have that time back especially if they are so young0
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It's what I was doing years ago when I was studying at college and having a full time job at the same time. You can do it for a while but not forever.I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving boards.
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Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
All views are my own and not of MoneySavingExpert.com0 -
I think it's a great idea as long as you know when to stop. Is it something you can quickly decide to change and go back to original hours?
I'd possibly have a target in mind e.g. work the double hours until I've earned extra £5k, £10k...whatever - then either stop or reassess the situation and give yourself another goal.
Don't think about committing yourself permanently - it's a big step and depending on your age, it could totally burn you out (I'm 25 and I don't think even I could do it!)0 -
Also need to remember that double the hours does not mean double the salary. You'll be paying more tax at the higher rates.0
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Neh, I used to work 15 hours a day mixed with 10 hour night shifts for 10-14 days on the trot, with only maybe 1 or 2 days off. If you need or want the money, go for it.
Our greatest weakness lies in giving up; always try just one more time0 -
It's a no brainer in my eyes - you should do it, as long as you get enough rest and the moment it feels like it's getting too much you should stop, or cut to maybe half again. If I had the opportunity and it fitted in with my lifestyle, I would def go for it - do it before you have kids - and just make sure you make the most of those weekends with your other half!0
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As everyone has said, go for it. It will give you more options and opportunities just dont take it too far! Also keep the goal in mind. It will help you spend less aswel as when you are earning you tend not to be spending....Work in progress...Update coming July 2012.
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JFDI! Hard work never killed anyone. In my 20s I held down a stressful f/t job (often 60hrs+ pw), plus Saturdays, plus consultancy on top. I loved it!Value-for-money-for-me-puhleeze!
"No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio
Hope is not a strategy...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!
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Thanks everybody!
I don't have kids and think it's best to do BEFORE kids
It will be for about 6m at a time, so not an option to really drop the hours at short notice, but could give them up after that if not working
Would definately have to make the most of wkds with my wife - I have tried to plan the work time so it doesn't run into the wkds or evenings
With the extra money I would need to make as much use as possible of holidays - but I could afford to go on the dream holidays and travel further
I'm going to try doing the hours this week to see if I can stay motivated and actually work those hours (I currently don't have to work so long, but thought it would be best to have 'dry run' as such before committing to 6m of it)
If I didn't do this, I would just be using the time to sleep, in front of the TV or laptop, working on some other investment.
One of the things I have spent spare time on is renting out a house. But I do find this stressful, I'm not that experienced in it so do struggle. If I use the time to do more full time work, then at least I know what I am doing and get less stressed and the returns are similiar.0
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