Hey everyone! Today I have an awesome guest post for you by Nicole from BudgetLikeALady.com! One of my goals this year is to cover more ways that you can make extra money, and what the process of running a side hustle is really like. Here are some actionable tips and great advice for anyone thinking about getting started. Enjoy! ~M$M
Need some extra cash? Start a side hustle. Side hustles are easy to find and start these days. After all, I started my first side hustle when I was in high school. I was a math tutor and got paid $8 per hour! That was big money for me since minimum wage was around $5 at the time.
Since then, I have moved onto other side hustles and I have learned a few things along the way. Although many of us get into side hustles for the extra money, there are many things that people don’t tell you about starting a side hustle.
Time commitment may seem like a no brainer until you actually start your side hustle. I used to dream about all the extra money I was going to have, just by working a couple of hours a day, at a side job.
What I didn’t know was working 2 hours really took 3 hours out of my day. I didn’t think about my travel time to and from the side hustle, or the time it took me to get ready.
If your side hustle requires commuting, changing clothes, or any preparation, remember – this time is unpaid and takes more hours out of your day. More hours means more time away from family and friends.
This means you may have to turn down the occasional night out, co-worker lunch or early bedtimes. It’s a sacrifice that may, or may not, be worth it.
You know the saying, “Burning the candle at both ends?” That is the feeling you get when you have a side hustle and a full time job. Side hustles require not only time, but also energy. There has been many times where I caught myself nodding off at my desk due to exhaustion.
One time, I almost fell out of my chair during a meeting! I was embarrassed. Imagine trying to play it cool after that!
Side hustles can be demanding and take away from your full time job. Being tired all the time will affect your job performance and your health. Lack of sleep can impair your judgement.
I recommend avoiding burn out to the best of your abilities.
Ways to avoid burn out:
- Find a balance between your main job and your side job.
- Get plenty of rest.
- Start small. Dedicate a few hours per week to your side job and build from there.
Side hustles can cause you to lose focus and neglect your full time job. This includes returning emails, taking phone calls and conducting research for your side job, while at your main job. I have been guilty of it so I know it is easier said than done.
You made a commitment to your main job. Doing side hustle tasks at your main job, without your employer’s knowledge, can be considered theft and grounds for dismissal.
They are paying you to do a job, not run a side hustle. All attention and energy needs to be with your main job during main job hours.
Related: The Free M$M Blogging Course!
My Side Hustles
I have done a lot of side hustles in my day, including my current side hustle: blogging. It is important to focus on what you are good at. If you are very knowledgeable and good at your side hustle, it will take little effort and you can save some energy.
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Some side hustles that have worked for me are:
- Freelance Writing
- Direct Sales
- Selling on Amazon and Ebay
I love to side hustle, and I have learned to manage my time and energy effectively. Although finding a balance took some time, I am glad I stuck with it. There is so much more than money to consider before starting a side hustle.
It is best to know these things now before you quit your side hustle due to not having enough time. If you still want to start a side a hustle after reading this post, go for it! I recommend it and I wish you all the luck!