A side hustle can be defined as “any type of employment undertaken in addition to one’s full-time job,” and it’s typically freelance work that provides a supplemental income. Many people enjoy side hustles because they allow room for creativity, self-expression, and even adventure. College students and recent grads are especially likely to pick up a side hustle in order to mitigate student loan debt.
There’s no limit when it comes to options for a side job. From dog walking to app development, there are side hustles for every personality and skill type. Whether you have a secret passion or like to learn new things, side hustling is likely to lead to a more satisfied and fulfilled life. Not to mention the usefulness of extra funds!
While side gigs can be good for mental health and happiness as well as your bank account, they still require extra effort. Running a successful side hustle calls for dedication in addition to excellent time-management skills. Because of the extra work, time, and money you have to invest, there are many factors to consider before deciding to start a side hustle.
So, should you start a side hustle? Self Lender developed the visual below to help you find out. Follow the flowchart to see if side hustling is for you!
A side hustle is a good idea, but only if you have sufficient bandwidth to actually see it through.
Most side hustle efforts are of your own passions and interests anyway, and the prospect of making extra cash out of something you love to do, or something you're already good at greatly appeals to a lot of people.
It's easy to get lost in the minutiae however, so don't lose sight of your goals, rein in your budget well, and look for like-minded individuals you can share your journey with.