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Not at all. That's far too risky these days. Such things are easily tracked. Networks can log a person's action down to the keystroke. A few people where I work were escorted out for working on "side projects" during business hours. Those "projects" ranged from day trading to web design.
The only exception would be, as the person above does, to somehow classify it as "training." I have a feeling that the employers wouldn't appreciate it if they knew you were working with outside clients for money, however. It's a rare business that doesn't look down on that. But if you can do it, great.
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