There are nearly limitless ways to make money in your spare time. If you want to get a better job, though, make sure that your side hustle is helping you get there.
Photo by Official GDC.
As personal finance site Funancials explains, side jobs can be anything from a second job to starting a blog. However, you’ll make more money in the long run if your side hustle can actually improve your career. If you can turn that experience into new job options, then you’ll do better than just earning a few hundred dollars a month:
A recent article I read was written by a girl who explained how she made an extra $4500 in a year by taking surveys, blogging, dog-walking, etc. It sounds awesome (who doesn’t want extra cash?) until you consider how much time went into earning the additional income. Side-hustles are usually a waste of time until you have maximized your income potential at your primary job.
If you’re paid hourly, there are overtime opportunities. If you’re paid commission, push for one more sale. If you’re paid a salary, take on extra responsibility and quantify your worth to get a raise. If these don’t apply to you, then learn a skill that will open up other opportunities. Take a course in Excel, learn how to code, etc. You’ll probably end up making $20-50k more a year, not just $5k.
If your main job isn’t in the field that you want to pursue as a career, your side hustle can be your entry point into a new field. If you’re in your chosen field but just want to move up, pick a side hustle that will teach you relevant skills. Making more money is a great goal, but if you’re going for the easier up front payout, you might be leaving cash on the table in the future.
5 Big Mistakes Broke People Make with their Money [Funancials via Rockstar Finance]
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