Why You Should Have A Side Hustle

Thinking of starting a side hustle? What are you waiting for?

Let me ask you one question. Do you think that your job is going to give you the dream life you desire or even deserve?

Most people realise that going back to school is not the answer. Most people are wondering how they’ll be able to save enough money to buy a home or start a family.

You might love your job. That’s awesome. But that doesn’t mean you shouldn’t have a side hustle.

A side gig will provide you financial security. While your job might be safe and secure, at the end of the day, you’re trading your time for money. When there’s an economic downturn and the business downsizes, you’re going to be left out in the cold.

And that’s why you should have a business on the side. As much as you love your job, no one will care about you as much as you. Which means you are the only one who will build your financial security for you.

However, that doesn’t mean you should quit your job right now and become a full-time entrepreneur.

Instead, you should still be working at the job you currently have. But spend an hour before or after work to build up your moat. The moat that will save you no matter how dire your financial situation becomes.

A Side Hustle Is More Than Just Money

A side hustle doesn’t just mean more money, it also gives you more confidence, a backup plan, and most important, opportunities that you might not have otherwise.

By building something tangible and measurable, you’ll be more confident in yourself. Things you once thought were impossible, are now possible.

By building up a side hustle with cash flow, you’ll have something to fall back on in case you lose your job. You won’t worry about what you’ll have to do in order to afford food or rent, because you still have another stream of income.

By building up a side hustle, you’ll be exposed to opportunities that would have never otherwise encountered. You might be asked to present a TED talk on what you’ve built, or asked to be a keynote speaker at a conference in another part of the world, or even be presented with an award by the Prime Minister.

The opportunities are endless.

But obviously, a side hustle will generate extra cash flow for you. What will you do with the extra money?

Pay off your education debt? More money in your retirement account so you can retire 10 years earlier than your colleagues? Travel more often and experience the world?

Remember, the opportunities are endless.

There are numerous benefits to starting a side business, and no downsides.

So what are you waiting for? Get started today!