I like a bit of structure in my life, but I prefer safety more. I mean safety in terms of having something to fall back on when, (not if) but WHEN something goes wrong, financially. Having a side hustle is a method of protecting yourself from bad things that may occur.
January of 2016 taught me a very important lesson. I remember standing in line one morning for coffee, and my phone vibrated. It was my boss at the time. She said that my entire department was being dissolved, and my job was no more. This was my only source of income and I had no way of paying the bills.
Ever since then, I vowed to never put all my eggs in one basket. Within a few months I had 3 jobs, and eventually 3 turned into 5. Maybe I took this philosophy a bit overboard, but at least if I suddenly lost one of my jobs, I’d still be able to take care of myself.
In other words, having a side hustle isn’t just to, “bring in some extra money” as you’ll often hear internet entrepreneurs say. Having a side hustle is a method of preventing yourself from falling into a financial crisis.
Imagine if you lost your job tomorrow. Do you have 3-6 months of income saved that you can live off? Most likely not. If you have bills to pay, that would be a huge issue. (Side-note: If you don’t have an emergency fund, please read my guide to ending the paycheck-to paycheck cycle.)
Protect yourself. Get a side hustle… BEFORE you actually need the extra money.
How to Get a Side Hustle Today
The good news is that acquiring a side hustle has literally never been so easy. The answers to all your questions are right at your fingertips!
Some common things people tend to gravitate towards are driving for Uber, bartending on the weekends, and selling stuff on eBay or Etsy. I would encourage you to think outside the box, however. Think about your interests. What would you be excited to do every day, whether you got paid for it or not? Is there a way to monetize that? I’m 99% sure there is. You just have to be creative!
For inspiration, here are 50 random side-hustle ideas from The Penny Hoarder.
Now get to work!
As always, if you have any questions or concerns, feel free to leave a comment below or send me a message. 🙂