There are two ways that you can save more money:
It’s a pretty simple formula when you boil it down.
The problem with the first point above – spending less money – is that there is a limit to how much less you can spend. If you are spending $1,000 a month, the maximum you can save is $1,000.
Oh and that assumes you just spend no money. Good luck finding a place to live (and eating) for free.
With point number two – earning more money – the upside is limitless. You could earn an extra $100, $1,000 or $10,000 a month if you work hard enough.
Sure, earning an extra $10,000 is 10,000 times easier said than done. But it’s possible.
And below, you’ll get some great side hustle ideas to help you start thinking about how you could earn more money (including passive income!).
work from home jobs here and there. But if you’re already working a regular 9-to-5, aren’t you already way too busy? How do you find the time to do all of this hustling … and still enjoy living your life? It’s true that a lot of side hustles focus solely on the “hustle” part. For example, you’ll find suggestions all over the internet about becoming a driver for Uber or Lyft ridesharing, and Amazon Flex or Prime Now delivery services. GrubHub and DoorDash are popular services for restaurant delivery. But what if you don’t have the time or bandwidth to do all of that physical hustling? What if you already work a full-time job, therefore only have a few hours a week to dedicate to side gigs?
Why Some Side Hustle Ideas Just Don’t WorkAdditionally, there are some people who may not have the flexibility or convenience of doing extra work outside of the home. There could be many different reasons for this, such as:
- Not having reliable transportation
- Caring for children or older family members
- A physical or emotional disability keeping them at home
- Unpredictable or longer hours during their full-time job
- No familial support for working an additional job