Here is why you need a side hustle
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Here is Why You Need a Side Hustle
It’s no secret that Side Hustles are growing at a massive rate right now.
Can you blame them?
The experience of the Pandemic, Job loss, and nationwide Health Crisis have affected every household in one way or another. Millions of families have found themselves trying to figure out how to make ends meet.
So, even if you were able to never be financially affected by the major changes, you probably know of someone who decided to capitalize off of their gifts, ideas, hobbies, passion, or just as a way to subsidized another source of income.
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So why do YOU need a Side Hustle?
Let’s discuss a few reasons we hope you will consider one.
Side Hustles can be passive income. If you’ve heard of the term Passive Income, you know how much it’s sought after for the everyday household. Families are finding themselves with more bills than time in the day, so having another source of income that doesn’t require as much time, but creates some relief in paying bills is the goal.
You create your schedule. Having a Side Hustle can be a great way to balance the work-life schedule. Often, we find that entrepreneurs seek Side Hustles as a way to retain more of their time at home or traveling. Side Hustles tend to have the flexibility to work at their own pace, allowing people to decrease the overload of their primary jobs and subsidize that time with a Side Hustle that requires less time.
Don’t keep all of your eggs in one basket. If this pandemic doesn’t teach you anything, it will teach you how to pivot your income and create multiple income streams. Having a Side Hustle allows you to build a security blanket around your main stream of income, in the uneventful circumstances, you will have another source of income to contribute during the process.
The way that households make money will continue to change. This means at some point, the every day 9 to 5 may become less and less efficient for your household. In fact, over 67% of households state that they find themselves with more bills than income at some point.
Outsourcing of Freelance work is on the rise. Here is some great news, according to an article in Forbes magazine, over 57% of companies are outsourcing their work to freelancers (Side Hustlers) to save money! This means that your options of finding a Side Hustle to offset some of your expenses will become even easier to find.
So, how do you feel about Side Hustles? Have you tried one? Have you converted one into your main source of income?
Let us know in the comments below, we love sharing real-life experiences with our Community.
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