Is Your Side Hustle Worth It?
Hustle culture is a huge part of our lives.
In fact, a recent survey from Bankrate found that nearly half of Americans under 35 reports having a side hustle, and nearly 1 in 3 of those side hustlers need the extra income to be able to pay their bills.This article will walk you through some things to consider when looking for a side hustle.
Pros and Cons to Hustle Culture
Pros – Increased income – Exploring passions or interests – Expanded social circle – Learn new skills – Increased exercise, change of pace, or other related benefits – May open new doors such as starting a business
Cons – Burnout – Reduced social time or time spent doing things you love – Family or relationship strain – Health-related issues like stress, lack of sleep or exercise, or unhealthy eating
Pros and Cons to Hustle Culture
What Are You Good At?
When looking for a side hustle, the first thing to consider is your skill set or what you’re good at. Many great side hustles come about when people take skills to excel at and pursue them outside of their career.
What are You Interested In?
If you’re looking for a break from your areas of expertise or skill or don’t feel as though you have any specialized skills, the next thing to consider when picking a side hustle is your interests. Some people use side hustles to explore interests or passions that they are unable to in their everyday jobs.
What are You Willing to Do?
It’s critically important to consider what types of tasks you’re willing to do, how much money you’re willing to make, who you’ll be dealing with, and what type of work environment you’ll be in before jumping into a side hustle.
How Much are You Willing to Work?
The last major thing to consider when picking a side hustle is how much you’re willing to work. As mentioned above, the cons of side hustles are very real, and if you’re not careful, you may find yourself burning out.
Is Your Side Hustle Worth It?
You now know some of the critical things to consider when looking for a side hustle so let’s jump into some things to consider when deciding if your side hustle is worth it.
Time Cost of Your Side Hustle
You see, the time-suck for your side hustle isn’t just the time you’re there working. You must also think about the commute to and from work, the time spent getting ready, and any other time involved. Also, think about things you are missing out on because of working extra and whether the money you’re making is worth it.
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