You are working in research and you actually like it? But you are not very fond of the perspectives and odds of a career in research? And you would prefer doing research instead of getting a “decent” job, if it would offer the security of a tenured position for everybody? If this is the case, this blog might be interesting for you.
The blog posts feature different kinds of additional income, that are suitable especially for Ph.D. students and postdocs. It will answer the following questions:
- Which ways are there to have an income that doesn’t dependent on my research?
- What do I have to do to tap those income sources?
- How much time do I have to invest?
- Which potential is in there?
- Where can I get more information?
During my own Ph.D. studies in control engineering, I realized something: I don’t want to be forced to work somewhere simply for financial reasons, I want to do to something I am passionate about. Like Research. And I am not the only one:
Lots of Ph.Ds would prefer staying in research, but it can’t offer the security they need. So even very talented and passionate researchers get a job somewhere else and leave academia.
Other young researchers might be looking for ways to mitigate the financial risks of a research career, too. Hopefully the information and experiences I share within this blog will help you.
My name is Jonas, and currently I’m a Ph.D. student at Ruhr-University Bochum in Germany. Luckily, this Ph.D. position comes with a paid job at the university. With this regular salary coming in every month, I started to put some money aside, initially to boost the public retirement plans. Then I noticed, that the amount I’m saving is more than necessary for my pension. And with additional income and wise investments, financial independence is within reach. This also means, it’s possible to stay in academia, even if it doesn’t offer positions for everyone with a Ph.D. I’m sharing my experiences with you and hopefully this can inspire you to get a financial backup which allows you to stick with your passion for research.