Comments on: Why Everybody Needs A Side Hustle

By: Political Atheist

Political Atheist — Mon, 22 Nov 2010 21:17:09 +0000

Hello Fellow Frugaler and side hustlers! I recently started my side hustle a few months ago (freelance, resume writing). Its not going to make me rich but what it IS going to do is provide me with some tax benefits. Running a small home biz allows you to deduct operating expenses, your home office, lunch and entertainment expenses and other benefits. A book that I found really useful (and got me motivated to get off my butt and do it!) is Sandy Botkin’s “Lower Your Taxes Big Time.” Its basically a primer for starting your side hustle and how to LEGALLY reduce your tax footprint. Good luck everyone! We can all do this!

By: 10 Ways to Invest $1,000 Dollars, Without Putting a Dime in the Stock Market

10 Ways to Invest $1,000 Dollars, Without Putting a Dime in the Stock Market — Mon, 22 Nov 2010 09:01:37 +0000

[...] you’ll have a much tighter handle on your cash flow if you are in the driver’s seat. Start a side hustle with low overhead and invest that $1,000 to get it off the ground. Having a second income is great [...]

By: Andrea @ Consultant Blog

Andrea @ Consultant Blog — Wed, 10 Nov 2010 01:12:06 +0000

This is a really thoughtful post. I tend to see consulting as the most lucrative kind of side hustle or side job out there. Most other work pays a modest amount, unless you can get into some sort of gig where you sell your knowledge. Consulting, freelancing or maybe home renovation work can pay $50 to $200 an hour or more. When I look at those numbers, it’s hard to justify just about anything else…unless you are looking to hit the ground running, which a part-time job at minimum wage certainly can provide. But, with a little elbow grease and foresight, you can set up a side income by hustling consulting work and it will end up being way more lucrative. In fact, I tend to encourage people to start out consulting as a side job, rather than plunging right in.

When you think of it, even if you earn $100k a year, a 5% raise is just going to get you $5,000 more a year and then a chunk goes to taxes. If you get a side job as a consultant and make $5,000, you may be able to do that in 100 or even 20 hours…and you can write off your use of home and other things, so you keep more. That sort of math makes way more sense to me.

Of course, if you think strategically, you can turn something like lawn mowing into a more lucrative business and still earn big bucks.

By: Taiisha Pinkney

Taiisha Pinkney — Sat, 04 Sep 2010 13:30:19 +0000

I’ve had numerous side hustles, which ultimately weren’t worth losing my evenings, weekends and more time away from my toddler. I was already tired from my full time! I was introduced to 5LINX, a company that allows you to sign on as a rep and offer cell phones, voip home & business service, satellite tv, home security, video phone and a few other services via your company website. While it took some effort getting it going, word of mouth has done the rest. My first customer was myself, then my family & close friends who then spread the word. Now the money flows in with alot less effort and hits my account every Friday! Best side hustle ever because you don’t have to convince people to buy what you offer, at a discount at that! By the way, I still work a full time job but am getting laid off soon, so thank God for my plan B to get us by!!

By: Bottom On Up: One Small Step for Man « The Climb to Financial Freedom

Bottom On Up: One Small Step for Man « The Climb to Financial Freedom — Thu, 29 Apr 2010 07:05:17 +0000

[...] how would I go about doing it? What skills do I have that can make me more money? Can I get a side hustle? Which of my debts do I pay off first? Where can I learn more about paying off my debt? Who can I [...]

By: » Make Extra Money Blogging | PT Money

» Make Extra Money Blogging | PT Money — Mon, 15 Feb 2010 21:19:41 +0000

[...] 40% of my full-time job monthly income. Enough to pay my mortgage and then some. It’s been a great side hustle. My numbers are definitely not typical when compared to all bloggers (most bloggers don’t [...]

By: Saving With Purpose: Retirement Phase II | Frugal Dad

Saving With Purpose: Retirement Phase II | Frugal Dad — Mon, 01 Feb 2010 09:03:18 +0000

[...] addition to real estate, I will always have a side hustle or two going, and in the future may elect to invest more money to grow a current hustle, or develop [...]

By: Passive Income Idea With A Spin | Frugal Dad

Passive Income Idea With A Spin | Frugal Dad — Wed, 09 Dec 2009 19:26:50 +0000

[...] always been a big proponent of developing a side hustle – an additional income-producing endeavor you cultivate along with your full-time job. A side [...]

By: How To Become A Millionaire | 5 Practical Steps Anybody Can Follow

How To Become A Millionaire | 5 Practical Steps Anybody Can Follow — Thu, 29 Oct 2009 11:47:22 +0000

[...] is really nothing more than a way to earn a side income. Jason over at Frugal Dad calls it a side hustle. The idea is to find a way to make extra income above and beyond your regular work. I make extra [...]

By: Ms. No Single Mama Drama

Ms. No Single Mama Drama — Sat, 29 Aug 2009 05:57:58 +0000

The term “Side Hustle” has long been used in the African-American community–and it is NOT a part-time job. The original meaning referred to something that was done on the side that is entrepreneurial in nature.

Anyone can get a side gig (a part-time job), but it takes someone with the entrepreneurial spirit (and balls) to be able to “get their hustle on”, as we like to say in the African-American community. It requires you to be a marketer, a risk taker and a believer in self to hustle effectively–and, unfortunately, having another job (albeit on the side) just doesn’t fit the bill of the true and intended meaning of the side hustle.

I would love for the term side hustle to be used authentically (but I digress)

I’ve been writing about Side Hustles for years and have many ideas on my blog, check it out if you’re interested.