Supplemental Income Post Divorce

wonderer4920 · 2024-01-17T05:22:09+00:00

Donate plasma

Somadis · 2024-01-17T01:36:58+00:00

Alimony laws should not exist. Why should men pay to take care of their exes when they were doing fine by themselves before you guys got married?

brettfish5 · 2024-01-16T20:59:50+00:00

Not divorced yet, but I've been working on a painting business on the side with the hopes of going full time this year. I have a solid paying job, but there's a limit to what people are willing to pay you. There's no limit to how much you can earn in a business, and a trade business is relatively easy to start and scale.

SkeptiCynical · 2024-01-16T20:16:31+00:00

Stayed at the same job and got a handful of promotions over the years. Got lucky and met a great woman who has her shit in order so I married her. We're a great team in everything we do.

One big reason to stay with your job (aside from security, etc) is that you won't invite a premature reassessment of child support and alimony. If you're covering your ex or the kids on your health insurance, they're going to get new insurance cards, and that could trigger your ex's reflex to bring you back to court for an adjustment of alimony or to CSEB for more child support.

If you do side work for yourself, establish a corporation. These are super easy to set up and shields you from the "additional income" accusations. Don't actually pay yourself, this complicates your tax returns and of course affects your income . Just use the corporation's revenue to pay for things you already have to buy - car parts, car payments, gas, repairs, computers and monitors, tools, office supplies. Your accountant will make sure you show zero profit and pay minimum taxes.

domo_roboto · 2024-01-16T19:49:43+00:00

Normally I would be dialing up more bonds in investments, but given the loss in assets due to divorce I have no choice but to go YOLO for them chicken tendies. Shiba Coin ftw...j/k

But yeah, need to go aggro to supplement and make back the losses. Two tears in a bucket, fuc it...life's on a ridge

tragicaddiction · 2024-01-16T19:46:03+00:00

problem is that whatever extra you earn and shows up on your taxes will be used to calculate spousal/child support

so keep that in mind.

so unless it's under a LLC you made up yourself or is cash it can come back to bite you.

New-Amoeba9042 · 2024-01-16T19:17:26+00:00

Did some gig bartending, but like maybe one weekend a month

captainchippsixx · 2024-01-16T19:11:03+00:00

Also, can she ask for more support if your income goes up.

her_dog_is_odd · 2024-01-16T19:02:01+00:00

Probably depends on your corporate job. Is it something that can become a consulting gig? Set up an LLC, AFTER the divorce is final (if not already), and then use your network to find work for small-ish companies that can’t afford to hire someone with your specialty in house.

franfran007 · 2024-01-16T18:46:18+00:00

App based side gigs is the way to go if your area supports it or the old delivering pizzas gig. Regardless you'll need flexibility.

Title	Supplemental Income Post Divorce
Author	dadmacintosh
Upvotes	8
Comments	22
Date	January 16, 2024 6:40 PM UTC (2 years ago)
Subreddit	Posted in /r/Divorce_Men
Original Link	https://old.reddit.com/r/Divorce_Men/comments/198aaq5/supplemental_income_post_divorce/
Archive Link	https://theredarchive.com/r/Divorce_Men/supplemental-income-post-divorce.1243134 https://theredarchive.com/post/1243134

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