TL;DR
A person made $900 in three days shoveling snow during a storm, leading to potential ongoing work. While impressive, a financial writer reminds us to be cautious and consider the long-term sustainability of such ventures.
Story
“Wow, $900 in three days shoveling snow!” the post declared. My inner financial skeptic scoffed. It sounds impressive, but let’s dig deeper. Remember the dot-com bubble? People thought they were getting rich quick, then reality hit. This snow removal venture might be a short-lived flurry. Winter doesn’t last forever, and what happens when the snow melts? The post mentioned future lawn care work, but that’s not guaranteed. Contracts, anyone? Plus, relying on unpredictable weather for income is risky. Think of farmers—one bad season can wipe them out. The gig economy can be a feast or famine. Sure, the hustle is admirable, but sustainable long-term income needs more than a shovel and a snowstorm. Also, $40/hour for shoveling? That sounds steep. Are people really that desperate? What about insurance if someone slips and falls? It’s important to consider these real-world implications before jumping to conclusions about quick riches. Remember the housing crisis? People took on mortgages they couldn’t afford, and it all came crashing down. Don’t let the allure of fast cash blind you to potential pitfalls. The poster even mentioned turning down larger projects due to lack of equipment. This suggests a limited capacity to scale and potentially missed opportunities, but also potentially avoiding debt. Remember the subprime crisis? Overleveraging can be dangerous. Starting small and managing risk is key. While the initial success is exciting, it’s important to analyze things critically and think long-term. Is this a sustainable business model, or just a temporary windfall? Only time will tell.
Advice
Don’t let the allure of fast cash cloud your judgment. Evaluate long-term viability, consider potential risks, and plan for the future, or you might find yourself out in the cold when the snow melts.
Source
https://www.reddit.com/r/sidehustle/comments/1hwulfn/900_im_just_3_days/