The Truth About Side Hustles

Date: August 18, 2020
young female looking at laptop

Nowadays, side hustles seem to be more popular than ever, there are countless blogs on the Internet on how to start one. These ideas range from the starting a blog to taking up extra work. Most bloggers seldom discuss the truth about side hustles.  In this blog, I will take an honest look at them.

What is a side hustle?

A side hustle is an income stream a person creates outside their main source of income or 9 to 5 job.  Popular hustles include starting a blog, completing online surveys, starting a YouTube channel, just to name a few.  Starting a side hustle seems like a wonderful way to leverage your skills, interests and resources in order to create more freedom and wealth, but the truth is that side hustles have many pitfalls. It is important that you are aware of these before you start!

One thing I have observed is that many bloggers on this topic tend to indirectly perpetuate common myths; such as it is easy to turn a side hustle into a business or a constant income stream. They tend to do this by trivializing the entire process. They don’t always explain in detail the time and effort needed in order to make a hustle generate money. Then, there are others that offer just plain silly ideas. For example, once I read a blog that discussed the idea of becoming a poker player as a side hustle! I’m sure there’s no need to say why this is not a great idea.

Most people start a side hustle hoping to convert their efforts into cash within just a few days; nothing can be further from the truth. Starting a side hustle correctly can take a great deal of time and effort, you will invest countless hours and hundreds to thousands of dollars before seeing tangible results, so commitment and perseverance are keys to succeed. Also, a side hustle shouldn’t interfere with your day job otherwise you’ll run into serious trouble.

What’s the best side hustle for me?

So, before starting a side hustle, spend some time working out what is the best side hustle for you. Do an audit on your current situation by asking questions the following questions:

How many hours do I work (are you working full time, part-time or casually?)?

Do I have time for it?

What skill sets do I have?

Can I spare some money for its start up?

Be honest with yourself and do your research.

From experience, the most important question you need to ask yourself is: how badly do I want to succeed at it?

In future blogs I’m going to discuss several viable ideas that most people can do.

Written by Kirio Crespo

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