WORKPLACE SUCCESS / 23 January 2019The Importance of 'Water Cooler Talk’
Finding a full-time job post college graduation can be a daunting task. You’re probably trying to find the best balance between your desired position and level of pay. Working a high-paying job that you absolutely hate isn’t worth it. But, working the job you want for minimal income may not be the best option either.
This is why many millennials have taken up side hustles. College degrees are far more common than they used to be, making it increasingly harder for grads to distinguish themselves. Side hustling is a way to earn a supplemental income while developing new skills.
When you begin gaining skills outside of your job description, you can become a unique contributor to both your regular and side job. Having a side hustle means you’ll be able to solve problems and bring unique skills to your day job. Plus, a number of side gigs can be done from your own home with low startup costs, meaning that you start earning right away.
When it comes to finding the side hustle for you, there is a plethora of options. Side gigs such as freelance design, photography, or wedding planning allow you to flex your creative muscles. If you enjoy management and logistics, then e-commerce or managing social media may be good options.
Side Hustle Statistics
Around 40% of Americans have a side hustle
Men earn around 57% more on average than women
Over 70% of side hustlers took up side gigs to pay off debt
On average, side hustlers can make around $836 monthly
As you can see, people have taken up side hustles to combat debt and the rising cost of living. Unfortunately, these flexible jobs reflect the gender income inequality. Don’t let that discourage you from picking up a side hustle -- they are beneficial to everyone.
Side hustlers can garner an additional $8k annually. Not to mention side hustles are more flexible and generally more fun than your day job.
Furthermore, side gigs allow you to pursue any creative or business endeavor you desire. Whether you recently graduated, have been in the workforce for 20 years, or retired, it’s time to finally realize your passion.
Look at the flowchart in this infographic from Self Lender to see if you should start a side hustle.
Cover Photo Credit: Designed by Freepik