Why You Need A Side Hustle

A side hustle is a job outside of your normal “day” job. Maybe you work 9 a.m. to 5 p.m. every single day (this is your day job), then you come home to work on your business for 3 hours each day. These 3 hours are your “side hustle.”

A side hustle can be anything. It can be your business that you operate on the side, walking dogs, writing online, creating art, a job where you work for someone else such as at a retail store, and so on.

Why You Need A Side Hustle

A side hustle can increase your income.

This is a given. If you work a side hustle, you will be bringing in extra money each month. This will help you reach your financial goals. Your day job income may not be enough and your side hustle income may help you.

A side hustle can help you save more money each month.

Since you will be making extra money each month, you can possibly start saving more as well. You can save a part of your side hustle, or maybe you can save every last penny of it. I know of people who put their side hustle earnings towards retirement, a dream vacation, college, and more.

A side hustle helps diversify your finances.

With a side hustle, your entire income is not just dependent on your day job. Since you have more than one form of income, you are more diversified.

A side hustle can help you achieve financial independence.

With a side hustle, you will be making more money and hopefully saving more money each month as well. If you are careful and plan everything out well, then you may even be able to achieve financial independence.

A side hustle can help you figure out your passion.

One thing that side hustles do for many people is that it can help you figure out whether you should pursue a certain job further.

For example, maybe you have thought about pursuing a certain job, but you have been afraid to because you are not sure if you will like it or if it can financially support you. Starting it off as a side job instead of as your full-time job can help ease some of your worries.

Why do you have a side hustle?

 

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Comments

  1. Great post! I have one because of the first two reasons you stated above, it’s for me to earn more and save more each month.

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