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Fri, February 26, 2021 | 02:17
Books
Use your evenings wisely to earn side income
Posted : 2021-01-06 12:49
Updated : 2021-01-07 10:50
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'Power of Evening Routine' author says strategic time management key to diversification of income sources

By Kang Hyun-kyung

"The Power of an Evening Routine" published by Dongyang Books is a guidebook for full-time workers seeking extra income. Author Ryu Han-bin encourages readers to make the most of their evenings after knocking off from their main job by working on something extra ― for money or just for fun.

He said he himself was able to successfully diversify his income sources through several side jobs. He works from nine to six as a veterinarian. Once his day-job ends, the author says he uses his evenings to create YouTube content. According to him, editing a video takes six hours in total. He runs his YouTube channel through which he earns additional income by sharing his time management tips. He also earns money as a motivational speaker and an on-call theater actor.

"Those who have plenty of free time find it harder to work efficiently. This is because only people taught to manage their time can make the most of it," he says in the book. "If you set a deadline, it can help. If you work in the evening, you have only a few hours left before you go to bed, so you will want to finish your project sooner. The short deadline will help you concentrate on your work. This explains how my strategic time management in the evening works."

A 2019 Shinhan Bank report about full-time workers found one out of every 10 people have two jobs. The same report also found half of full-time workers are interested in diversifying their income sources through side jobs.

Various factors, including the economic downturn, job insecurity and Korea's ageing society, play a part behind the increase in people seeking extra income. Among others, an increase in life expectancy has caused older workers to feel anxious about their lives after they retire.

Depending on job types, full-time workers in Korea usually retire when they turn 60. This means if they don't find another job after retirement, they must live for the next two to three decades relying solely on their pension.

                                                                                                'The Power of an Evening Routine' by Ryu Han-bin
"The Power of an Evening Routine" by Ryu Han-bin

Ryu said managing your time to secure extra income is not as tough as it sounds. Based on an average worker's routine, he says, people usually spend nine hours in their workplace. If they sleep seven hours, they will have eight hours of free time. If they spend two hours for commuting back and forth from home and their workplace, they will have six hours of free time every day. Most people rest or waste those hours. If people use this free time to do something they really like and something creative, the author says, they will be able to diversify their income sources.

"The Power of an Evening Routine" encourages middle-aged or older workers to jump start their post-retirement career plan before they retire from work to find what types of work suit them and can be used to generate income.

The book gives realistic advice to millennials, too.

The author says he is curious about several different things and would like to explore them while doing his day job. He is defiant about the notion of a lifelong job. "Although I love my job, it would be miserable if I ended up spending all my life working as a veterinarian," he says. "We're taught that we need to dig only one well without being distracted by others if we really want to outperform competitors in our field. I think this advice no longer holds true, particularly for people of my generation, commonly called millennials."

Emailhkang@koreatimes.co.kr Article ListMore articles by this reporter









 
 
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