How can you avoid that? Start a side hustle you can fund through savings -- or better yet, that you don't need to fund. Provide a service that only requires the tools you already have. Sell products you either make or can procure by consignment. Prove to yourself that there is a market -- and that you can serve that market -- before you take on any debt.
The good news about starting a side hustle online is there’s no age cut off, no employment reference check, no having to get dressed for a job interview, no having to ask for a raise, no having to work around people, no having to get dressed for work, and you can take as many breaks as you desire all while still getting paid. Only thing is, you have to put away your own money for retirement (if you do decide to later on), pay your own healthcare, and money for additional costs.
Great list! I just started my financial website (still not live yet), and one of my side hustles is working for a company that hires teachers to teach English via Skype. 10-15 hours per week, making $10 a lesson. It’s great, since my mortgage was so cheap, that side hustle alone pays it off each month! Other side hustles include: adjunct professor for community colleges and a freelance writer.
It’s not on this list but Brand Ambassador/Promo work is another very flexible, fun, and lucrative side hustle! Basically you promote your favorite brands at awesome events (e.g. handing out Red Bull or demoing new products at high foot traffic areas). I created an entire resource website on how to succeed in this industry called “Brand Ambassador World”. It has everything from resume designs, to super helpful tips and tricks, to where to find promo gigs, to a comprehensive list of agencies, etc.
If you’ve always wanted to publish your own book as a side business idea, there never been a better time than now. That’s because access to self-publishing tools and marketplaces has never been easier and more affordable. This eBook writer currently earns up to a couple of thousand bucks each month from six ebooks she published; while you can reportedly demand around $1000 per eBook project serving as a ghostwriter. My good friend, Caroline Beaton used freelance writing as her side business idea to eventually go from secretary to self-employed, while focusing on her own personal development and looking inward to discover what she's truly passionate about.
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Thanks Steven. I’m all about fresh air! I run all of my side hustles through an LLC, so I can also take some deductions come tax time. It’s a win-win. I also do my best to pay quarterly taxes on the income, but sometimes really misjudge based on cash flow. I’ve gotten stuck with a few pretty big tax bills, but now I’ve gotten a better handle on it. LLCs are pretty amazing.
Martial Arts, huh? I teach too, and have found that when I want to offer a new class I give a free workshop. If you went around to the non-profits, churches and other type of groups and offer a free 1 hour talk on self defense with a question and answer period you’d get your name out there as the go to person to learn self defense. Set up a page on facebook, instagram on tips for self defense and invite people to follow you. 80% good info and 20% Hey hire me to train you. Bet you’d get a large following within 6 months. Let us know how it goes. Good luck