Having a “side hustle” is the latest thing Americans are doing to grow their personal wealth. For those who may not be familiar with the term, a side hustle is a means of making money in addition to your primary job.
While this isn’t necessarily a new thing, the amount of people taking on multiple jobs has grown significantly. One reason for this is to substantially grow your wealth you need multiple streams of income coming in.
The money you earn from this second job can be stashed away in savings or ideally, invested so it continues to grow.
So how can you find a side hustle that will allow you to make money?
Caron’s book is filled with advice and examples of how to navigate the “financial matrix” and help readers gain financial freedom.
Below are a few actionable tips that can help you figure out what side job you can create for yourself and build wealth.
Evaluate Your Skills
Reflect and figure out what you are good at. What skills do you have that otherpeople would pay you for?
This could be anything from graphic design to baking – whatever you know how to do and can do well.
May be you have good interpersonal skills and can sell your idea to others, why don’t you try sells jobs?
You may be good in writing, you can be a free lancer writer.
If you’re a talented educator and passionate about teaching you can try online teaching or tutoring. In case you want to do something different, here’s a list of side hustles for teachers.
Evaluate the Opportunity
So, you love to cook and you’re great at it – but is there a market for it? Are people in your community asking for caterers, or personal chefs?
How many competitors are in the area? Do you have the time in your week required to cook a meal for 100 people, for example?
It’s important to think the idea through to make sure you can make money off of it and that you aren’t wasting time or money on a business that won’t be prosperous.
There are opportunities galore in the internet. Search for some gig ideas, sites like Fiver.
Learn a New Skill
Another option is to learn a new skill to meet a need in your community.
It will take more time and effort on your part to master it but the rewards could be just as great if there is no one else offering your services.
Eith the new skill you can apply for new jobs with higher pays.
Even with the new skills acquired you can start a side business, may be you have a hidden talent for something which other may love to buy from you.
Once you’ve identified what a successful side hustle looks like, you can begin putting in the work to make it happen.
And who knows, maybe you can grow it to one day be your primary source of income! It is up to you to find out what work you can do apart from your regular day job.