What came to mind when you read the topic? I would assume financial freedom. Before I proceed, Ladies, if you have not read my blog post on “My path to personal development” check that out because that will be a boost to starting a side hustle. But for now, let’s get into this money talk.
Starting a side hustle, is a form of investing in yourself by devoting your energy, focus, time and value into areas that you are passionate about. Doing so, makes you stand out from the rest of the crowd. As the saying goes, no one is you and that is your power. When you start a side hustle, you acquire knowledge, develop your skills and experiences, cultivate your character, maintain a balance, and discipline in the long term.
Allow me to reiterate that the goal of Mom Rapport is to empower women by encouraging a healthy balance between feminine roles as women, wives, and mothers.
This content is very important for women because every woman needs education and a push to be a boss by seeking financial freedom.
What is a Side Hustle?
According to Forbes, “A side hustle is all about your personal growth, development, and entrepreneurial creativity.” Thanks Forbes, I will add to that. My definition of a side hustle, refers to an extra source of revenue that aids in alleviating some financial stress. You should look into earning an extra income outside of your main job and it is even much better when it’s focused on something you enjoy doing. Take for example, it is only wise to render help to people and in return make profit out of it especially if it’s something you are truly passionate about. It doesn’t hurt to have multiple streams of income.
So, if your passion leads to a side hustle that can generate you wealth. Why should you not take advantage of that and make it happen? Of course, it is good to render a helping hand when the need be, and offer advice without making profits but somethings you need to apply wisdom.
Why to Have a Side Hustle.
In a developed country like the United States, “Forty-three percent of side hustlers work full-time, while 51% are part-time workers, according to yahoo finance.” Does this surprise you that people venture into side hustle ? The hunger for a financial safety net and money to cover regular living expenses is spiking up everyday. It doesn’t matter how wealthy one is, or how well your career pays. Unless you want to live like an average person, you can choose to depend on one stream of income.
Greatness and mediocrity do not mix – Vera Yanney
The economy remains far from fully recovered since the Great Depression but is steadily healing. The cost of living keeps spiking up in healthcare, education, housing, food, vacations etc. We are paying more, but are not paid enough. Ladies, have you thought about why the wealthiest people have multiple sources of income? Save yourself a google search. The answer is because having one source of income makes you trapped, and it limits you from knowing how to negotiate on your finances. I don’t know about you, but I want financial freedom.
A side hustle does not typically require a huge sum of capital investment upfront depending on what you choose to venture in. In fact, a side hustle can earn you more than your typical day job provided you apply a healthy does of adaptability, consistency and tenacity.
How to Choose a Side Hustle.
There is power in having choices. But how do you come about choosing a side hustle? It is simple, do not over think it. Over-thinking only limits you from getting started. I call this “analysis paralysis” which simply means when one is unable to move forward with a decision due to overthinking.
For example, when I got the push from the Holy Spirit to start blogging. I did not think too deep about how to draw traffic to my blog, or how many people would view it because doing this will only convince me not to start. Though, those are very important questions. But, being that I got the push from the Holy Spirit, and it is also a passion of mine to talk on issues related to empowering women and providing tips on a healthy balance between feminine roles. So, I got right into blogging without over- thinking.
Did you pick up on why I started blogging? That brings us to the next point on how to choose a side hustle. You need to ask yourself why you chose to venture in whatever it is you want (side hustle in this case). After asking why, answer the question on who are you? Doing so, will help propel you in the right direction.
Are you seeking a side hustle for financial freedom? Do you want to travel more and work less? Do you want to work from home? Will your side hustle become your main stream of income in a few years’ time? These are questions to ask yourself. Side hustles are often fixated toward things of interest outside of a typical day job. It can offer you an opportunity to make money from a passion of interest and it allows for flexibility.
Types of Side Hustles.
Like I mentioned, a side hustle is best invested into a passion you have because it propels you in the right direction. For examples of types of lucrative side hustles, check out the list below.
- Drive for Uber or Lyft
- Rent your spare room for AirBnB
- Become a personal chef .
- Walk dogs
- Baby sit part time or full time.
- Start a youtube channel.
- Utilize shopping websites like Etsy and poshmark to sell products
- Teach driving lessons.
- Advertise your interior decor skills.
- Write Resumes and advertise your writing services on platforms like LinkedIN
These are just few of many examples of course. So, do your research and focus on what suits you best.
Having multiple sources of income is empowering and you could turn your side hustle into a job you love. As Millennial women, we should aim to have financial freedom. I would assume that we want more for ourselves and we do not want to stay with a company for decades out of comfort and loyalty. Instead, we believe we can make another reality for ourselves.
You should aspire to generate wealth from multiple streams of income- Vera Yanney
Like everything else, there are pros and cons to anything and a side hustle is no exception. One benefit of having a side hustle is having a safe financial net while a considerable factor would be a potential conflict with your full time job. However, this should not discourage you. Start off with baby steps and then work your way up. It is important that you pray and ask God to direct your steps because when he leads you, he gives you wisdom and drive in your endeavors.
As always, see you beauties on my next blog post. Be sure to share, like, comment, and leave suggestions on topics you’d be interested in. Remember to stay kind, and gentle to yourself and don’t forget to check out my blog post on “My Path to Personal Development.”
See you soon !!! 🙂