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WHAT IS A SIDE HUSTLE
A side hustle is any type of employment undertaken in addition to one’s full-time job. A side hustle is generally freelance or piecework in nature, providing a supplemental income. Side hustles are often things a person is passionate about, rather day a typical day job worked in order to make ends meet. What is a side hustle?
A side hustle is not the same as a part-time job. While a part-time job still entails someone else (your employer) calling most of the shots (including hours worked and what you’ll be paid), a side hustle gives you the freedom to decide how much you want to work and earn.
With financial security a problem for nearly half of Americans, side hustles prove to be a viable option for many people working to get out of debt or testing the entrepreneurial waters.
Any form of work done in addition to a full-time job is considered a side hustle. Usually freelance or piecework in nature, a side hustle generates extra revenue. Instead of doing a regular day job to make ends meet, side jobs are frequently topics a person is enthusiastic about. A side business is what?
Part-time employment is not the same as a side hustle. A side hustle provides you the power to choose how much labor and money you want to put in, but a part-time job still involves someone else (your employer) making most of the decisions about your schedule and compensation.
Side businesses seem to be a practical solution for nearly half of Americans, for whom financial stability is an issue.
There are endless examples of side hustles, but some popular side hustles that many people engage in include:
Selling clothing
Making and selling handicrafts; starting an Etsy shop
Freelance writing
Teaching online courses
Tutoring or coaching
Babysitting
Photography services
Selling baked goods or home cooked family meals; catering
House cleaning
Providing lawn work or maintenance services
General labor or warehouse work
Dog walking or pet sitting
Providing delivery services
Mystery shopping
Brand ambassador or product demonstrator
Survey taking
All of these ideas are great ways to earn a little extra income on the side, without having to give up your day job.
BENEFITS OF SIDE HUSTING
Side hustling gives you the opportunity to pursue your passion or pursue your dream job without giving up the steady paycheck of your day job. A part-time job not only brings additional cash flow to your bank account, but also helps increase your overall life satisfaction.
Another benefit of a side hustle is the flexibility you have in your workplace and working hours. Side hustles are often solo or entrepreneurial ventures that you are responsible for, including when and how long you work if you are the boss. This is appealing to those who feel overwhelmed by the rigors and expectations of a traditional 9-to-5 job. The greater financial freedom that part-time work offers not only helps you pay off debt, but also saves for recession, builds nest eggs, and takes care of big purchases and household chores. You can also add any spending to your monthly budget.
Part-time jobs usually do not require a large up-front investment. Some side hustles focus primarily on providing services, while others involve selling merchandise that they have made themselves or procured from others and resold. No formal training or special skills required. In fact, some people find that their side hustle earns them more than their full-time job.
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