Side hustles are a passion of mine. I wouldn’t be a millennial millionaire and have achieved financial independence at the age of 30 without making extra money from side hustles.
I’ve always been hustling. It’s in my blood. I can’t help it. Everything I look at in life I see a business opportunity or hustle idea.
A side hustle can help you increase your income in your spare time, fast-track your financial goals, and chase your passion.
Below is a list of the best side hustles that I personally recommend to make extra money, invest more, and reach financial independence.
36 Best Side Hustle Ideas to Make Extra Money
Here are our top picks for the best side hustles to start earning extra cash in 2022:
- Make Deliveries
- Start A Blog
- Rent out Storage Space
- Freelance Work
- Host with Airbnb
- Drive with Ridesharing Apps
- Virtual Assistant
- Walk Dogs with Rover
1. Make Deliveries
Making deliveries is one of the easiest, most accessible side hustles of 2022. It can provide you with a steady stream of income delivering food, groceries, and supplies to customers.
You can easily pick and choose the hours you work, and everything is done through an app on your smartphone. Making deliveries is not going to be a passive income, but you can save the money you earn to launch your own company.
2. Proofreading or Copyediting
Bloggers, websites, and businesses need proofreaders and will pay well for these services. Not only can you start a proofreading or copyediting side hustle from your laptop from anywhere in the world, but you can also set your own rates and bill by the hour.
You can also build your own business where you broker other people’s time for money and hire others to do the proofreading.
Price: $9.95 w/ 30-day Money-Back Guarantee
The biggest site for finding remote, work-from-home jobs, both full-time and part-time for your skillset. The trained researchers at FlexJobs hand-screen job listings to eliminate ads and scams found on other sites. Find everything from entry-level to executive positions at FlexJobs.
3. Launching A Profitable Blog
A successful blog can make over $10,000 per month on advertising and affiliate revenue. When readers click on links to try a product or service, you get paid.
I didn’t launch Millennial Money to make money fast — I launched it because I really like thinking and writing about money and feel it’s my personal mission to share sound personal finance advice and spread financial literacy.
The money from the blog is simply a by-product of my passion for writing.
- How to start a blog [Guide]
- How to launch a profitable blog [Free Email Course]
- Best Web Hosting Services
- How to start a blog on BlueHost [Tutorial]
- How much money can you make blogging
- 15 Best Free Traffic Sources to Scale Your Website
Exclusive Discount: 63%
Start your blog with Bluehost and get your domain name FREE + receive a 63% discount on monthly hosting fees just by being a Millennial Money reader.
4. Rent Out Storage Space
Neighbor is an online peer-to-peer platform that’s been dubbed the “Airbnb of Storage”. It allows hosts to rent out extra storage space for everything from cars to overstocked inventory.
Turn your garage, spare room, or even closet into a profitable side hustle that earns several hundred dollars a month.
- Read our Neighbor Storage Review
List your space, set your terms, then start earning easy cash by converting unused space into money-making revenue streams.
5. Freelance Work
When it comes to freelance work, you can do just about anything there is a demand for. Platforms like Fiverr make it easier to find odd jobs and get paid, allowing you to focus on growing your freelance practice and making even more money.
Freelancing is the perfect side hustle for flexibility. You get to set your own hours and rates, but remember that you will be competing with other freelancers from all over the world. In any case, this means that you can easily keep your day job while joining other side hustlers in the gig economy.
Fiverr is one of the top platforms for finding freelance gigs for around the world. Sign up now for free!
6. Host with Airbnb
Renting out a spare room, apartment, or house can help you pay the bills and save money. You can easily see the going rate of similar places in your area and work it out from there.
If you have multiple properties, Airbnb can prove to be even more profitable as the economies of scale kick in to drive your earnings up.
Where you’re hosting on Airbnb matters a lot – some cities have a much higher earning potential than others.
7. Drive With Ridesharing Apps
Ridesharing apps like Uber and Lyft work best if you live in a major city with plenty of offices and tourists around. Some companies also allow you to rent a car on demand so that you don’t have to worry about wear and tear and servicing.
While you may not make a lot of money driving for companies, any hustle is worth at least trying to see if it fits your lifestyle and earn some extra money in the meantime.
If you decide to drive for a ridesharing app, save as much money as you can to be able to invest in a side hustle that can earn you even more money.
8. Become a Virtual Assistant
Becoming a virtual assistant is one of the most in-demand, profitable, and best side hustles in the digital economy.
You can work as a virtual assistant from anywhere in the world on a laptop, making it a good side hustle for digital nomads or full-time travelers. As more people are launching digital businesses, there is an incredible demand for people to help run them.
For a comprehensive blueprint, check out my post on how to become a virtual assistant.
While I have never personally worked as a virtual assistant, I know many people who have made quite a bit of money doing it, including my friend Sarah who after just 3 months of launching her own virtual assistant business was able to quit her full-time job and both make more money and spend more time with her kids.
9. Walk Dogs with Rover
Dogs are some of the most fun creatures around, making a side job such as this one fun and rewarding. Rover offers a number of dog-related services including dog walking, boarding, pet sitting, and house sitting.
You can choose the services you’re most comfortable with and enjoy the time you spend playing with pooches.
Walking dogs is not going to make you rich and you need to have a passion for pups to make it work. But it can be quite relaxing and a way to fit some regular exercise into your schedule, while earning some extra cash.
What can be easier or more fun than walking sweet pets that you don't have to take home at the end of the day? Start dog walking with Rover today!
10. Help People
Few jobs are as rewarding or fulfilling as helping those in need. From childcare to senior care and everything in between, websites like Care.com make it easy to turn the act of helping others into a side hustle. You will need some previous experience or a relevant qualification to join and traveling may be required to visit clients.
$12 per hour is not going to make you rich but it will allow you to understand how the industry works. Once you have gained enough experience you can use what you have learned to open your own care company or move up the corporate ladder for even bigger payouts.
- Read our full Care.com review
Care.com offers you the ability to list your services as a care giver, or to list your needs for a caregiver and review background checks.
Companies often outsource transcription jobs because they require a lot of attention to detail and can be difficult.
Here are a few transcription options:
- Transcribe Anywhere: With Transcribe Anywhere, you can not only find work as a transcriptionist but also learn how to do it.
- Scribie: After passing an online test, you can earn between $3 and $25 an hour, depending on your pace.
- TranscribeMe: The site claims to offer between $15 and $22 an hour. However, your wage is likely to be much lower unless you’re super fast.
- GoTranscript: You can earn up to $0.60 per minute after passing an assessment to get the job.
- Speechpad: Spechpad offers $0.25 to $2.50 per minute and demands high-quality and experienced transcribers.
- Scoping: Instead of transcribing audio, scoping involves turning shorthand from court reports into legible writing. You can expect to earn between $20 and $30 an hour
- Medical transcribing: This option requires a certificate from the Association for Healthcare Documentation Integrity, and the earning potential is similar to scoping.
12. Share Your Car
With apps like Turo, you can share your car with people looking to rent one and make a bit of money on the side for it.
Turo accepts many different vehicles, from family cars to classics and exotic ones. Listings are completely free and you get to set your own daily price and availability, so your car will still be available when you need it.
If you have a spare car or barely use yours for multiple days at a time, definitely look into this hustle idea for quick cash.
13. Freelance Graphic Design
With many businesses focusing their marketing efforts on websites and social media, graphic design is in high demand. Small business and startup owners often turn to freelancers for their graphic design needs rather than having a graphic designer on their payroll.
You get to work with different clients on versatile projects, which keeps things exciting and fresh.
If you are highly educated, then becoming a tutor could be a great side hustle.
There are several online tutoring platforms that can help you find work. For example, Chegg facilitates online tutoring via video call in a wide range of subjects, and pay starts at $20 an hour.
Another option, Studypool focuses on homework help – students post questions they need help with and offer a price, which varies depending on time and difficulty. Studypool claims on its website that you could make up to $7,500 a month.
Steady App is another great job marketplace to find local tutoring opportunities.
Steady makes it easy for you to find flexible work opportunities by bringing together a huge selection of gig economy jobs AND giving real data from the Steady community into what others are earning in your area. Make extra cash and reach your financial goals!
15. Run Facebook Ads and Digital Marketing Campaigns
I have worked as an SEO and digital marketing consultant for over 10 years, booking side gigs ranging from $500 to over $100,000. This has been by far my most successful side hustle.
Even though SEO has become more of a commodity service, I have built a referral network that continues to generate new clients. In total, the SEO work I’ve done has resulted in hundreds of millions in additional traffic.
If you want to take your traffic to the next level, take a few minutes to read my Free SEO Tips for Bloggers and consider getting your feet wet with an SEO side hustle.
Another profitable side hustle in the digital marketing sphere is running search and social campaigns. You can get started by reaching out to small businesses in your local community. The business owner might also be looking for a part-time social media manager.
I specialized in Google and Facebook CPC campaigns when I was working as a digital marketing consultant. I used to make over $10,000 a month running Facebook ads and it’s never been easier to do.
Learn More: Check out my friend Bobby’s Facebook Ads course to help get you started.
16. Get a Part-Time Job
Depending on your skills and qualifications, you can find well-paying part-time jobs for a side hustle. Part-time side jobs take away the hassle of finding clients and can be excellent for saving money to pay debts such as student loans. It could be anything – from part-time design work to part-time teaching.
If you struggle to find a decent-paying job, it might be time to invest in a new skill set. Many online resources offer free tuition that can increase your earning potential. Check job boards for any part-time jobs near you or consider remote working for extra money.
Price: $9.95 w/ 30-day Money-Back Guarantee
The biggest site for finding remote, work-from-home jobs, both full-time and part-time for your skillset. The trained researchers at FlexJobs hand-screen job listings to eliminate ads and scams found on other sites. Find everything from entry-level to executive positions at FlexJobs.
17. Become an Amazon Seller
Just like eBay, Amazon enjoys a worldwide audience. You can find pretty much anything on Amazon. This means there’s a potential for repeat customers, which lowers your cost of acquisition (how much it costs you to acquire a customer).
If you don’t have space for your stock, you can also use Amazon FBA (Fulfilled By Amazon). Through this scheme, Amazon will not only handle your stock but take care of returns and customer queries, leaving you free to focus on selling more and building up passive income.
18. Freelance Writing
Working as a freelance writer for websites can earn between $200-$300 each. However, I found a way to get paid $5,000 – $10,000 to write reports! I haven’t written as a freelancer for any websites, but what I have done quite a bit of is write white papers for companies.
Here’s basically how it works.
Consulting companies, engineering firms, law firms, and tons of other professional service firms like to put out “thought leadership” reports which basically are blog/research reports on steroids. Sometimes they are pretty big.
The firm wants to look smart on a topic and then use the white paper as part of its sales strategy. The funny thing about these reports is that very few companies actually write them – they hire freelancers to do it.
If you were good at writing college papers then you will be awesome at writing white papers. I’ve written papers on all kinds of things and even hired my own researcher in India to do most of the fact-finding for me. Always be hustling!
A great place to look for these gigs is on Craigslist or through networking at local corporate events. If you go in expressing interest in white paper writing you can find likely find some gigs for extra income.
19. Sell Jewelry with Worthy
Have jewelry from a previous engagement, an old high school class ring, or other items that you no longer wear? Sell them on Worthy.com, a jewelry auction site.
Anyone can sell jewelry online with Worthy. They’ll even provide you with a GIA-certified appraisal completely free.
You can “flip” jewelry there just like you flip furniture, cars, and houses. And just like any form of flipping, you need some capital to start.
If you have gold or silver items that you no longer want, at over $1,600 an oz for pure gold, you could be looking at some serious cash!
- Read the full Worthy.com Review
Worthy.com offers you an easy way to sell your unused jewelry online, safely and at great prices. Send your jewelry to Worthy today for a free GIA certified appraisal.
20. Concert/Event Ticket Reselling
I can’t buy tickets to an in-demand concert without buying 4 extra tickets to sell on the side to pay for mine.
Sometimes if I can get a pre-sale code I’ll buy 12 tickets just to make the extra money. I bought 12 Beyonce tickets and made over $5,000 from less than 3 clicks on my computer.
“Buy” “List in Stub Hub” “Confirm Purchase”. What did I do with the money? I used it to make my annual IRA contribution.
21. Domain Reselling
Investing in domains is one of the easiest side hustles. There is no other place where you can get a 1,000%+ return on your money in a pretty short amount of time (less than 90 days in some cases).
I buy and sell domains at $400+ profit regularly and have been doing so for over 10 years. Domains are the real estate of the internet, and they’re only getting more and more valuable. I have seen the average price for a mid-tier domain jump from $400 to $3,300 in the past 3 years alone.
I currently own over 800 domains and a vast majority of them have a “Domain For Sale” landing page where visitors can submit an offer to me. I have them all set up so unless an offer is over $1,000 then I don’t receive the email.
22. WordPress Website Building (& Maintenance Fees!)
I no longer build WordPress sites, but back in the day I easily built over 100 of them and worked on even more.
My early clients were found on Craigslist and eLance (now UpWork). I built websites for law offices, consulting firms, non-profits, churches, real estate companies, and e-commerce startups.
Afterward, my clients wanted to buy ongoing website maintenance services, like keeping the website secure and uploading content. I was able to get some maintenance contracts at $1,000/month, a tiny expense for a big firm.
While there are still a ton of WordPress website projects – it’s now more of a commodity service that can be tough to scale.
23. Sell on Etsy
Etsy is the go-to marketplace for everything handmade, including jewelry, clothing, and home decor. If you’re good at making things that people might want to buy, setting up your own shop on Etsy can be one of the most lucrative side hustles available today.
There’s a $0.20 listing fee and a 5% transaction fee whenever you sell something. If the sale comes through an advert hosted by Etsy, there will be an additional 15% charge but this is optional in most cases.
24. Buy and Sell on eBay
Selling on eBay has huge potential with a worldwide audience of shoppers turning to eBay for just about anything. Earning good money will take time and a lot of hustle but it is certainly possible if you play your cards right.
Due to the very nature of eBay, you can go about selling on this marketplace in several different ways, so how you execute it is totally up to you. This means you can dedicate as much time as you would like to this hustle idea but the extra money will reflect this.
25. Sell on Shopify
Shopify is an eCommerce platform that allows you to sell products and services online. It offers an end-to-end solution that includes an online store as well as a POS (Point Of Sale) system.
You can also integrate your website and social media channels to increase the number of channels through which you can sell. Just like other online selling solutions, the earning potential is only limited by your target market and the time you put into it.
Either way, Shopify presents an easy way to start selling online, especially if you have your own website. This allows you to keep control over the experience you provide to buyers, which can increase customer satisfaction and sales.
26. Start a Dropshipping Business
Dropshipping offers an easier way to get into the online retail business. You don’t have to hold any stock; you simply take the order and let the manufacturer do the rest without any of the risks usually associated with purchasing and holding stock. You’ll earn a nice commission for your work.
You will need to build your own eCommerce website, which you can easily do with WordPress and other CMSs (content management systems).
To maximize your sales, make sure you have a strong marketing plan with a strong enough advertising budget. You can leverage the power of social media to boost those numbers. Your website can also bring you passive income via affiliate marketing.
27. Design an Online Course
Designing an online course is no easy feat, but once done you can look forward to residual, passive income from your creations. Online course platforms like Udemy and Teachable make it easy to sell your courses online with plenty of help available to make sure you can get the most out of it.
To get the most money for your efforts, pick a subject you understand deeply, and focus on the value you offer to students.
Keep in mind that you’ll need equipment to record the lectures and some video editing skills to make them shine as an enjoyable online course. You can easily see which courses have the most students and study the approach they take to better your USP (Unique Selling Point).
28. Start Your Own Podcast
Starting a podcast is as exciting as it can be financially rewarding. You will need to focus on growing your listener base to a good number before you start seeing serious money coming in, with sponsorship making the bulk of your revenue.
Podcasts come in all shapes and sizes so you can be as creative as you would like to be. Podcasts have huge earning potential – and, according to Bloomberg, top podcasts can bring in more than $1,000,000 per year in revenue.
29. Join Focus Groups
As far as hourly rates go, focus groups offer some of the most lucrative pay rates out there. By being part of a focus group, you get to share your opinion and provide feedback about upcoming products and services, which in itself can be very rewarding.
Focus groups are usually held in physical locations but we are starting to see these move to the online space.
Survey sites are also a way to give feedback and opinions for extra money.
Want to earn some extra cash in your downtime? Sign up for Branded Surveys and get paid to not only take surveys but by completing polls or referring your friends!
30. Start a Coaching Business
Coaching is a rewarding job as it allows you to help people in need. Executive coaches tend to make the most money, but you can also become a life coach, sports coach, health coach, or anything in between.
There are different certifications available that can increase your credibility as a coach, and you can coach online or in person. Once you build a name for yourself, you can start hiring other coaches to expand your reach and increase your earning potential.
31. Become a Mobile Public Notary
A mobile notary is Notary Public that comes to your house or workplace to legally witness the signing of documents. Notaries are used in all types of industries, but most commonly in real estate when purchasing a house or signing loan documents.
The process to become a notary public is different for each state in the US. Typically it involves a background check, a short exam, and some state required insurance. Once you are licensed, there are several freelance websites that can help you book clients, and the pay can be anywhere between $100 – $200 per signing appointment.
32. Social Media Influencer
Influencers are the social media royalty who make money from the posts they upload. The amount of money you make depends on how many followers you have. The unwritten rule is that you can make $10.00 for every 1,000 followers once you get past the 100,000 followers benchmark.
This varies depending on the platform, whether you’re an Instagram influencer, TikTok influencer or YouTube star.
As an influencer, you can pick any niche you like – from sports to philosophy to food to makeup.
33. Start Consultanting
If you have a lot of expertise in a given area, consulting can be a very lucrative side hustle. How much money you’ll make will depend on the nature of the problems you solve, with more complex problems demanding higher hourly rates. In some cases, you can also charge a retainer.
Marketing and business management are usually hot areas that demand higher prices. To succeed as a consultant, look for areas that are experiencing growth then figure out how you can add value.
34. Affiliate Marketing
Affiliate marketing has huge potential to make decent cash without too many investments. You’ll need to build a website (or more than one) to attract visitors and attempt to convert them to paying customers. You do not make the sale, but instead earn a commission from the company offering the affiliate program for each sale they make.
There are many different affiliate programs, from selling software to online casinos. Different programs tend to have different rules so you’ll need to check the ones you’re interested it to understand how much money you could potentially make.
35. Buying and Flipping for Profit
I have been buying and selling both VW Campers and mopeds since I was in college. This is probably the side hustle I have the most fun doing.
A lot more mopeds than VW campers, but when I find a good camper deal I don’t hesitate. I love VW Westfalia Campers from the 1970’s and 1980’s and have owned 2 over the past 10 years.
They have gone up a ton in value over that time, but you can still find deals on them locally.
I also buy and sell mopeds – little 49 cc Italian and Austrian mopeds made in the mid 1970’s to the 1980’s. These are super cool and command premium prices in cities since they are easy to ride and get 100+ mpg!
I have Craigslist alerts set up in Chicago for mopeds and pounce quickly on the deals. I actually have a storage facility just for my mopeds and still love buying and selling them.
These two hobbies of mine are actually great side hustles that I don’t ever imagine stopping. Facebook Marketplace is quickly becoming a great local Craigslist alternative to find and sell items too!
36. Watch Advertisements
Getting paid to watch ads isn’t going to make you rich, but it can make you a considerable amount of coin if you do it consistently. There are many reputable companies out there willing to pay you to watch their advertisements. These include Branded Surveys, Swagbucks, LifePoints, Survey Junkie, and InboxDollars.
By watching these video advertisements, you can earn points which you can then redeem for cash withdrawals or gift cards. Many offer sign-up bonuses as well to provide you an introductory incentive.
3 “Musts” Before Starting Your Side Hustle
1. Figure out what you want to do
Because you’re your own boss, you can test out a lot of different ideas to find the one you really love and/or that makes you the most money. That’s the beauty of side hustling – you aren’t stuck with any one idea.
Still, I recommend you start with one side hustle at first so you don’t spread yourself too thin. Use every opportunity to learn, build new skills, and make new connections.
2. Open a high-yield savings account
Starting with the very first penny, your side hustle money needs to be stored in a safe place earning as much interest as possible, even while you sleep. Learn more about top online high yield savings accounts or go straight to one of my favorites: CIT Bank.
3. Keep track of your net worth
Manage your finances and keep track of your side hustle money in one place while tracking your progress towards retiring early. My favorite FREE tool is Personal Capital.
With Personal Capital, you can see your net worth, analyze investments, and discover any hidden fees you weren’t aware of before – as well as set spending and saving goals.
What is the Best Side Hustle?
Not all side hustles are created equal. The best side hustle is something you love that has loads of profit and growth potential. If you just want to fill some extra spare time, try making food deliveries or taking online surveys.
But understand that you can make a ton of money in your spare time. Having the right mindset and strategy as you evaluate your side hustle ideas will help maximize the return on your time.
Benefits of Side Hustling
Here are some of the biggest advantages of starting a side hustle:
Make More Money
By working at a side hustle, you can bring in more cash and start socking it away toward retirement. The more money you bring in now, the less you’ll have to work later in life. There’s never a better time than right now to make money.
Pay Down Debt
Being in debt is no fun. By working a side hustle, you can pay down student loans or credit card debt and start saving more. Starting a side hustle is an excellent way to pay down debt and create a better financial situation for yourself.
Expand Your Skills
We’re living in an unstable world, where many workers are at risk of displacement. The best way to protect yourself is to keep learning, growing, and expanding your skills.
Working a side hustle can teach you valuable skills that you can use to improve your trade and knowledge and become a more well-rounded person.
Build Your Own Career
In the past, people went to school, got a degree, went into a certain field, then worked until retirement. Today, It’s up to you to build your own career and determine where you want to go in life. By starting a side hustle, you can open doors that you never thought were possible.
Keep in mind that if you start a side hustle, there is a nonzero chance that you can become extremely successful beyond your wildest imagination. Plenty of people have done it before. And you can do it, too, if you set your mind to it.
Is Your Side Hustle Scalable?
Before you begin investing your time into a particular side hustle, you should consider the potential for scalability. This will help narrow your ideas to only the most profitable.
Shift your thinking from ideas that are strictly limited by your own time, to side hustles that have the potential to be scaled.
|Limited to Your Time||Potential to be Scaled|
|Being a dog walker||Launching a dog walking company|
|Driving for Lyft or Uber||Launching a Party Bus Company|
|Shoveling snow||Launching a snow removal company|
|Making deliveries||Launching a courier service|
|Babysitting||Launching a babysitting platform or daycare|
|Mowing lawns||Launching a lawn service company|
|Doing handyman services||Launching a handyman company|
How Much Money Can You Make Side Hustling?
I launched my first business at the age of 5 when I started a newsletter for my neighborhood. Selling subscriptions for $10/year to my neighbors, I promised to keep them informed of the happenings in the neighborhood.
They paid up-front either with cash or check. I sold 18 subscriptions and made $180 in one weekend at the age of 5.
Now, it’s pretty easy to make at least an extra $1,000 – $2,000 per month side hustling in your first few months, then if you keep at it and look for opportunities to grow you can realistically get to $10,000+ a month in side hustle income if you keep at it.
I’ve earned enough to buy my condo with side hustle money. My car was also bought with side hustle money. And I’ve traveled to over 25 countries using side hustle money.
Do You Have Time to Side Hustle?
If you want to make money side hustling, you’re going to have to put in the time. Before picking a side hustle, evaluate how much time you’re willing to commit.
Map Out How Much Time You Have
If you’re 25 and single, then you have a lot more time than if you’re 35 with 5 kids. But walking dogs in the evenings or on the weekends doesn’t require anything more than the ability to walk.
This doesn’t mean that if you’re busy you can’t find time to side hustle, it just means that you should calibrate the difficulty of your side hustle based on the amount of time you have.
I know many families who work side hustles at night after their kids go to bed and some who even bring their kids along on the weekend.
Consider Your Time As an Investment
I had the opportunity to work personally with two Millennial Money readers, Rob and Melissa, who have three kids and run their own side business flipping items they find at thrift stores and auctions.
Since they have 3 little kids, time is incredibly limited, but they always spend a few hours each night working on their business after the kids go to sleep. Since they are working on it together, they still get to spend time together and make money.
While time is really limited, both Rob and Melissa also realize that the time they are investing today is their investment in a growing business – that will hopefully grow and compound over time.
Just like saving, I viewed the time I was prioritizing for my side hustles, as an opportunity, not a sacrifice. Put side hustle time on your calendar and make it a priority.
Tips for Starting a Side Hustle
Here are a few important things to keep in mind before launching a side hustle.
Be Smart About How You Manage Money
If you’re working under the table or freelancing as a 1099 employee, you’ll still have to pay taxes on the money you earn. Get a good bookkeeping system and consider with a tax advisor so you don’t fall behind and owe a large chunk in earnings to Uncle Sam when tax season rolls around.
Check out my Freelance Tax Guide for more information
It’s also a good idea to set up a retirement plan if you haven’t already done so to delay having to pay taxes on capital gains and dividends when you start investing your side hustle money.
Be Careful About How You Promote Yourself
Even if you’re legally allowed to start a side hustle, your employer may not like the fact that you’re working extra on the side instead of devoting all your spare time to the company. Be smart about how you promote yourself.
That said, if you’re a savvy business person, you may be able to use your side hustle to your advantage when asking for more money from your employer when it’s time for a raise.
Don’t Quit Your Day Job (Yet)
Be smart about quitting your day job and going to work full-time for yourself. This can be a risky move if you’re not prepared.
Before you quit, make sure you’re in a position to absorb risk. Take a look at your side income, the startup costs, how stable it is, and how you can potentially bring in more leads for yourself.
Start Making Money on the Side
I encourage anyone who is interested in side hustling to try and look at your side hustling as a business – and then build that business.
I’ve done other side hustles, but these have been my most profitable and all helped me build new skillsets. I strongly recommend that you try side hustles that enrich your skills and teach you new things. Those are the side hustles that will pay you back for a lifetime.
To help you further narrow down your search for the perfect side hustle for you, here are a few more lists of the best side hustles for different people:
- Best Sides Hustles for Men
- Best Side Hustles for Women
- Best Side Hustles for Couples
- Best Side Hustles for Single Moms
- Best Side Hustles for Teens
- Best Side Hustles for Outdoor Lovers
- Best Side Hustles for Teachers
- Best Real Estate Side Hustles
- Best Side Hustles for Engineers
To learn more about how to pick, launch, and grow a profitable side hustle check out “Chapter 12: More Money in Less Time: How to Start A Profitable Side Hustle” in my international bestselling book Financial Freedom: A Proven Path To All The Money You Will Ever Need (Penguin Random House), where I break down step by step how you can launch your own successful and profitable side hustle.