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The Evolution of the Side Hustle

By: Michael Millington


With so much debt swimming around our heads, it’s kinda hard even trying to get out of bed. And while I’m sure Snoop Dogg doesn’t deal with debt the same way we do, there are many more people who have to deal with debt every single day. Even back in the old days, if your salary was not enough to pay for necessities and handle debts, you had to do something else to make due. What was once known as a second job is now more commonly referred to as a “side hustle”. A side hustle will help with a lot more than just some extra bills. In fact, there are plenty of things that go into creating and maintaining a side hustle.

 

Creating a Side Hustle

The best thing about a side hustle is that it differs from a job in so many ways. Unlike a regular job, you can plan your side hustle around the rest of your life. Your side hustle can be anything you want (so long as it makes you money) and can take up any amount of time you want it to. In many instances your side hustle can be way more enjoyable than your regular day job. Getting to a point that your side hustle can make you money depends on the type of gig you have lined up.

 

What Your Side Hustle is For

Whether it’s a legitimate second job or a smaller scale side gig, the point is to make more money. What you do with that money can vary. You can either put the money to use or you can save it.

 

Saving Your Money

If you pay off your necessities with your main source of income and you still have a bit of money left over afterwards, you might want to consider putting the rest into a savings account for future use. If you have a big ticket item to purchase, you want to have a nest egg for the future or to borrow against to improve your credit, a savings account can accomplish all of these things and more.

 

Using Your Money

Outside of savings there are many other uses for extra money. You can invest your money, which is a riskier version of saving your money. You can use your money to pay off debts that are outstanding. You can use your money to achieve lifestyle goals (update your wardrobe, get your driver’s license). Just make sure you don’t put yourself in a monetary situation you can’t handle.

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