One income is good but two is even better! Three isn’t so bad either if you’re really ambitious. Seriously, who doesn’t love a little extra money?
While a job is what most of us rely on to pay off bills and provide life funding, it is the age of technology and millennials are speaking “hustle” very, very fluently. Here are some reasons why you may want to look a bit further into what a “side hustle” can do for you.
SAVE SOME COINS 💰
We all have something that we can save for. Maybe it’s a new car, a down payment on a house, a new computer or even just stashing money for your rainy day fund. Bottom line, a side hustle can really come in handy. As an adult, it is so important to have money saved because you never know what could happen. Unexpected expensed can arise at any time in the form of car trouble, family emergencies or even simply job loss. The smartest backup plan that you can have is to not depend solely on one source of income. I’m sure your piggy bank wouldn’t mind the extra padding.
RELIEVE DEBT ⚖
Everyone has, have had, or will have some amount of debt at some point in our lives. Let’s be honest, nobody wants to spend their entire paycheck on debt. Nobody. With rent, phone, the internet, and food shopping as necessities to survive these days, most of your net income is already designated for bills, and those are just the monthly occurrences. Not including any debt repayments. Although the most responsible thing to do would be to pay bills and use the remainder to pay down debt, who really wants to see a $0 balance in their account after busting your behind at work all week? With a lucrative side hustle income, your paycheck can go where it needs to and you will still have money left over after taking care of your responsibilities, like the responsible adult that you are.
Traveling is usually high up on the bucket list for most people. There are 50 states in America and 196 countries around the world, and you spend about 350 days a year stuck at your job. I don’t know about you but I could definitely use an extra trip or two (or five) per year. The reality is that when most (if not all) of your primary income is devoured by bills (or debt), there is very little left over to invest in travel expenses. Play your hustle cards right and you could be exploring sooner than later. Your side hustle dollars can send you to places you’ve never been before.
PURSUE PURPOSE 💡
By show of hands, how many of you are living your dream job right now? I’ll wait…because if that statement were true, you probably wouldn’t be reading this article right now. Everyone with a pulse has a purpose. A burning passion that ignites your drive and peaks your interest. Millions of people die never taking the chance to fulfill their passion. Take a look at your hobbies. Is there something that you enjoy doing and doing it well? It’s the 21st century, we have so many tools at our disposal to turn passion into profit! So, if you spend your day ‘s running behind 3-year-olds at Pat’s Daycare but your weekends are dedicated to designing new dresses for your daughters, it might be beneficial for you to turn that into a side hustle, girl! You never know, that hustle can turn into your next big career move.
TREAT YO SELF 🎁
With one source of income, most likely your “YOU” budget is pretty tight. Working a full-time job is hard work and it can be pretty stressful at times. It is extremely important to remember to take care of yourself. So often we get so wrapped up in work and responsibilities that we forget that we need maintenance too. A mani/ Pedi, a new pair of shoes, a nice dinner, or even an extra hour of babysitter time so you can take a quiet soak alone in your bathtub, compliments of your side hustle can help destress-itize your body and mind. Extra income will allow you to do things like this for yourself and your family more often. So, whatever you choose, treat yourself, you deserve it. After all your a hard working girl!
Do you have a side hustle? If not, what kind of side hustle would you start?