Hello! Today, I have a great article from Brian Winch. Brian makes a living (it's a $650,000+ per year business for him) by picking up trash. I've been hearing his story a lot recently, so when he asked to write for Making Sense of Cents, I, of course, said YES! Below is his story and advice.
The number one reason to work a side hustle is to make extra income on the side. Show me one person who wouldn’t like to boost their income! Besides the positive cash flow, by using your non-work hours more productively, here are some advantages of launching your own side hustle idea:
Creative outlet. You may be really successful within your career, but are you passionate about it? What do you do in your spare time as soon as you clock out at your job? Having a side hustle focused on your hobby can provide a positive outlet for your creative energy.
Freedom. When you are focused on your side hustle you are your own boss. Not only are you free from management but also in my case I am able to be physically free and not chained to a desk.
Income diversification. Losing a job can put the average person into a tailspin – especially if they don’t have a backup plan. In this unfortunate scenario your side hustle can be your backup plan for a while. Having multiple streams of income can also help in case of medical emergencies, if you decide to change jobs, or are faced with relocation. [Read more…]