Finding the right side hustle that suits your needs, resources, and skills requires introspection and a lot of research. Once you decide what your next side hustle is, it will be like finding the final piece of a puzzle. Take the quiz in this article to find out what your next side gig could be.
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A side hustle can be an alternative way to build up your wealth and find something meaningful to do with your extra time. They have become increasingly popular and desirable among the working class, especially considering they are becoming necessary to achieve financial freedom. It is somewhat easier to pursue another source of income outside of your day job if you have the time, resources, and skills to do so. However, there are still some factors to consider before embarking on this journey.
1. Set your expectations first
Before pursuing a side gig, find out what your goal is - whether it is exploring a creative outlet, learning new skills, or making some extra money while at it. If your primary aim is to earn more money, then you might want to take a step back to evaluate your professional positioning first. You might be better off consulting with your field or going for a promotion instead if you are in a high-paying profession. Choose the option that will save you energy and time to help you achieve higher earnings in your career. Alternatively, if you’re in a job or industry where you can’t do much about your financial compensation, then getting a side gig could help you earn more income.
2. What is your current position in life?
Understanding this will also contribute to your decision to pursue a side hustle. For example, a university student might have more time to dedicate to a potential side hustle perhaps compared to someone who is trying to start a family. Evaluate the amount of effort and time it will take to establish a business from the ground up against the possible pay-off. What will you need to do or sacrifice to get returns that make sense financially?
If you also feel discontented or unhappy with your job, a side hustle can help you explore your passions or creativity with the possibility of making it into a full-time business. Overall, consider your priorities and your skills before choosing a side hustle.
With that said, take this quiz to help you find out what kind of side hustle could be best for you.
