Your side hustle can help you make some extra money each month. But it can also help you develop new skills, build your personal brand or portfolio, and achieve more freedom. So, have fun with it! Take a risk by starting a business or pursue a new hobby you've always been curious about.
There are benefits to many side hustles that can help with future career ambitions too. ... If a side gig helps you get launched (subsidizes important but low-paid work), get ahead (helps you whack debt or save for a goal), or directly feeds your professional ambitions, it may be worth doing.
Summary. Side hustles are a great way to both protect your income and enjoy some personal fulfillment. If you find something you enjoy working on you'll be learning new skills and building something in your own name that you can feel good about. In this case, the extra money is simply a bonus.
Successful side hustlers are earning a decent amount of money, with those surveyed saying they get around 20 percent of their income through their secondary job. However, there is a downside. Almost half of side hustlers said they regularly work 40 hours a week. A quarter work over 50 hours every week.
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A side job, also informally called a side hustle or side gig, is an additional job that a person takes in addition to their primary job in order to supplement their income.
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The marginal benefit of a side hustle is just not worth the time, to me. ... your side hustle can earn more than your main career though. My side hustle pays me about $100 per hour, about twice that of my regular job. But I don't get benefits for me and my kids, and it's not as enjoyable as my regular job.
You don't have to register with the government to be considered a business — even picking up some freelance or gig work on the side technically counts as a business. When you start earning money through a side hustle or side job, you're considered a sole proprietor, which in many cases is a fine status to stick with.
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