Turning Free Time into Dollars
Dec 20, 2024Saving Strategies
These days, a lot of folks are jumping into side gigs to snag some extra cash and dive into stuff they love outside their 9-to-5. Whether you're saving up for a trip, knocking out some debt, or just want to make the most of your downtime, side hustles can help you turn your skills and hobbies into money.
A Forbes article mentions that more people are hopping on the gig economy train, juggling part-time gigs alongside their main jobs. Everyone has their reasons—some want a little financial cushion, while others crave a creative outlet their day job doesn't offer. Whatever the reason, side hustles are all the rage now.
In our recent podcast episode, "Is Your Free Time Your Next Payday?: The Power of the Side Hustle" we dive into this trend. In this episode, we brought in three dynamic entrepreneurs to talk about all things side hustle—from starting small to turning your hustle into a full-time business. With their diverse experiences and unique perspectives, this conversation is packed with inspiration, strategy, and practical advice for anyone looking to level up their financial game. They say the best side gigs are the ones you love, and that people actually need.
One big takeaway from the podcast is about balance. Sure, making extra dough is awesome, but you don't want to burn out. Keeping your time in check and setting boundaries is key to staying healthy and hitting your money goals.
If you're thinking about starting a side hustle, here are some tips:
- Identify Your Skills and Interests: Think about what you're good at and what you enjoy. It could be anything from designing and writing to tutoring or crafting. The more you dig it, the less it'll feel like work.
- The Convenient Gig: Some folks just want to make a little extra cash. If that’s the case, look at the convenience of the gig and if it works in your schedule. A Door Dash Driver or Uber Driver could be a great fit to provide a little extra cash.
- Research Market Demand: Once you know your skills, see what people are looking for. Websites like Etsy, Fiverr, and Upwork can give you a peek at what's hot and how much you can charge.
- Time Management is Key: Balancing a side hustle with your main gig means getting your time in order. Use tools or apps to keep yourself organized and on track.
- Set Realistic Goals: Keep your expectations in check to dodge disappointment. Set goals you can actually hit, whether they're about cash or personal growth.
- Be Prepared for Challenges: Side hustles come with their own set of hurdles like staying disciplined and dealing with competition. Being ready for these and having a plan can help you crush it.
In the end, while not everyone needs a side hustle, they offer a sweet chance to turn your free time into something fun and profitable. Whether you need extra cash, want to get creative, or both, side hustles are out there waiting for you. With some solid planning and passion, your next payday could be just around the corner.
Source: https://www.forbes.com/sites/melissahouston/2024/04/27/beyond-the-9-to-5-exploring-the-real-benefits-of-side-hustles/
Annie Jacobs
Integrated Marketing Specialist | HAPO Community Credit Union