We cannot predict the future and, if we’re honest, most of us need a “plan B” these days.
The world is not as stable as it used to be, and many people are worried about their job security and how they are going to deal with the rising cost of living.
What will happen if you lose your job? How will you be able to afford to pay the bills if the cost of living continues to rise far quicker than your income does? A side hustle will give you a safety blanket to prepare and protect you for if, and when, these worst-case scenarios manifest.
Some people think side hustles are just a hobby, and in some instances that could be true for some people. However, in the uncertain economic times we are now living in, a side hustle can give you increased financial stability. Many are calling it the “new security”.
According to a 2017 study from Bankrate.com, more than 37% of adults in America had a side hustle, earning an average of around $700 a month. The 2018 Deloitte Millennial Survey showed that two thirds of Americans considered diving into a side hustle in addition to their job.
Having multiple sources of income makes you less dependent and more self-reliant. When you make extra money, it can give you more financial security. It can be hard to increase your salary in a normal job and usually that money is already allocated to cover your monthly bills and expenses.
When you choose your side hustle, I suggest you find something that aligns with your interests and passions. One of the main benefits is that you don’t have to give up your full-time job – you test it out and see how it goes before investing too much time and money into it – a few hours a week can take you very far.
When you start making money doing something you love, it is one of the best reasons to continue working at it and the chances of it growing into your dream job become greater.
That’s the beauty of a side hustle – what it is, how big it becomes and what you get from it; all of these things are within your control – you decide.
WANT TO START YOUR OWN SIDE HUSTLE?
If you are looking for the perfect opportunity to start your side hustle, or if you have any questions, please get in touch!
You can send a message below or get in touch with me on social media, through the links at the bottom of this page.