I’m sure you’ve noticed that side hustles are becoming more and more popular. Many people are looking to side hustles to achieve that financial freedom. It makes sense after everything increases in price, and we’ve seen how a traditional job may not provide the security it once did.
In the most basic terms, a side hustle is a money-making opportunity beyond your typical “day” job. If you’re frugal enough to be here, though, you may already have perceived there is a distinction between a side hustle and something like a side job or a part-time job that you’d need a killer resume to get.
Side hustles are unique because they seem to be more about maximizing your income relative to the additional work you do. By developing and marketing niche skill sets in high demand, you can generate significant compensation for your efforts with a minimal commitment of time.
A good side hustle can provide you with a unique opportunity to maximize the economic return for your time. It can be a great alternative to the hourly toil of the types of part-time jobs that would only slightly increase your income but might severely drain your time and energy.
You might be surprised by the level of demand for a skill set you already have, though you may have to be creative in studying what other similarly positioned people have done to become successful.
For example, my wife and I have been looking into new flooring recently, and people around here generally charge 2 dollars and $3 a square foot to install it. Installing flooring professionally takes skill, but it is the type of thing you might be able to learn pretty quickly with the right mentoring.