Hello, beautiful people from across the lands. Side hustling can be very attractive when achieving certain financial goals. With everything, there is some good and some bad, side hustling is no exception. I wanted to share my personal view on some of the pros and cons of side hustling giving some things to consider before just hopping in. What is a side hustle one may ask? A side hustle is a gig or job you are doing in addition to your regular 9-5. It is something that helps generate additional income to help meet your financial goals. Now let’s get into some of the pros and cons of that.
Pros to Side Hustling
One immediate pro is the money. Side hustling allows you to get creative in bringing in more money outside of your regular 9-5. It allows achieving certain financial goals like paying off debt, saving or simply treating yourself to something nice. Side hustling also builds character in my opinion. It forces you to think outside of your normal routine and make things happen. It can help develop your time management skills, communication, creativity, and much more. The side hustle can grow to a point where it becomes your main hustle and that is pretty freaking awesome!
Cons to Side Hustling
Side hustling is definitely a trial and error process, not all side hustles are created equal. Some may take time causing you to actually lose money at first. While the learning can be beneficial to your character development as an entrepreneur or professional it could possibly make your financial situation worse. Because this is something that is done in addition to your regular 9-5 you may experience burn out or become overwhelmed trying to juggle it all. It is important to try to find some balance when adding more to your plate. It may take time away from things you enjoy doing or people you love to be around. Usually, when one decides to take on a side hustle there are sacrifices to be made that can be uncomfortable.
When deciding to embark on a side hustle be sure to do your due diligence to see if it makes sense to start. Keep in mind both the pros and cons not solely focusing on one more than the other. It is important to keep in mind that side hustle usually requires a short term sacrifice for a long term gain. Weigh your options and make a decision for what’s best toward your financial goals.
Until next time keep dreaming, believing, and achieving.
