Side Hustles are hard!

Get yourself passive income, add to your monthly income stream to reach FI fast, I am doing it, and so can you.” Did you ever notice that far too many blogs and Youtube channels have these list articles, and explain how easy it is to side hustle. A typical post picks some Side Hustle statistics like the one below to prove how its way more common than you think, and how you are missing out.

The Millennials are at it again…usual suspects

Not convinced? Look at my recent Youtube search, the results were seemingly infinite!!!

The reality is, most of these hustles require way more effort and time, and do not guarantee a steady or any return. Sometimes, the ones telling you about the hustles are pushing their own ebooks or courses instead.

…..but Side Hustles work, don’t they?

Well, some of them do. The fact is, that only some side hustles or nebenjobs are quick to start with (Uber driving or food delivery) with no initial investment.

Most Youtube channels or blogs fail to indicate how hard it can be to start off on most side hustles, often they are touting their own storefronts, blogs, ebooks or online courses. Their platforms are for their own marketing. The lead time, the effort and uncertainty is often hidden.

No association with this guy, but he kind of covers every side hustle ever!

If it were all so easy, wouldn’t everyone be doing it?

….I think I can still my side hustle work

Great, if you have an idea or time to work on a side hustle you are confident with, then please go ahead and do it. I do not want this post to sound that this does not make sense and you shouldn’t try. All I wish to say is that be aware of the potential failure and hard work needed. Finally, be aware if it is a long term thing or a short term gig.

…so what does actually work?

If I knew, I’d be doing it :-D.

I think skill based side hustles really make sense, if you can coach a sport, or help kids with homework, or teach baking. Skills which are real, and local are the ones which I’d opt for.

Finally, first try to maximize your skills and income at your job, this will have a compounding benefit as you grow more.

…what is Mr A’s side hustle?

I don’t have one. I do get those ideas, but my daily work and family life keeps me occupied. A side hustle has a cost of time on it, and right now I am not willing to sacrifice my family time chasing a side dream. I am yet to have an idea which I feel can be long term sustainable for me.

I am yet to have an idea which I feel can be long term sustainable for me. Also, I do not regard this blog as a side hustle, I do have ads and some affiliate book links, but I’d be surprised if I can recover hosting costs from it (also not our goal)

2 thoughts on “Side Hustles are hard!”

  1. I don’t think side hustles are a great idea if you have a demanding job and aren’t needed if you are a high earner. I focused on my main job but at the same time I built skills not really needed in my day job because I thought they’d be helpful after I retired to let me work a little. So I left a multiple six figure job before conventional retirement age and started doing four side gigs about eight hours a week and still earned nice income doing just that small amount of work. Mainly it keeps me mentally challenged and engaged plus even if you don’t need money it’s kind of fun being paid. It also keeps me marketable in case something wiped out my investments. I get job offers every year to go back to work somewhere because I’m visible in the marketplace due to my side gigs. I’d recommend everyone put some thought into side gigging after retirement, even if they don’t do them while working full time.

    1. Dear Steve,
      Thank you for sharing your comments. Its great to know that you could find side gigs and skills which worked for you.
      As I said, if one knows and wants to experiment they should. Your plan for prepping it as a post retirement action is very reasonable, and i think you knew fully well that these require work and might not fly?

      A.

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