Could Now Be The Time To Start Planning Your Side Hustle?
Earning extra money without having to give up the stability of an existing job is a powerful motivator.
Side hustles are something that we’ve always done— making use of our knowledge, skills, time or an opportunity to make some extra money outside our normal 9 to 5. However, it’s only in the last decade, through the internet and various share-economy tools, that the term side hustle has really taken off. We’re starting to see side hustles as something cool and admire others around us who take on the extra work.
Earning extra money without having to give up the stability of an existing job is a powerful motivator.
It was only after reading Chris Guillebeau’s book on side hustles and listening to his podcast, that I really understood just how many opportunities there were out there to be creative and make a little extra on the side.
Making some extra money can be life-changing when your 9 to 5 paycheck is just covering the bills. I know some people who used their side hustle money to pay off debt, save for a holiday or put money aside for their grandkids.
Whatever your reason for starting a side hustle, it’s a great way to learn essential business and finance skills that you don’t get in high school, in a very practical and hands-on way. The current climate makes some business ideas impossible, but, it’s also paving the way for a whole host of new ways to make some money.
Another option if you’ve got the time, is to start putting the building blocks in place for a side business when the world starts going back to normal (imagine all these books that will be written)!
COVID-19 Appropriate Side Hustle Ideas
Online yoga or fitness classes
Primary & Secondary school tutoring
Production and online store selling soaps, hand washes, hand creams, wipes and sanitizers
Home fitness and nutrition program creation
Online cooking classes
Creating digital artworks and portraits
Create an app with in-app purchases (kudos to you if you do this)
Monetise your skills by developing and selling an online course
Knit socks, beanies and scarfs for sale in Winter
Online language or music classes
I’d love to hear about your side hustle endeavours!
Kate — HTM Editor & Founder
Resources
100 Side Hustles — Chris Guillebeau (Book)
Side Hustle: Build a Side Business and Make Extra Money — Without Quitting Your Day Job — Chris Guillebeau (Book)
Side Hustle School — Daily Podcast
ABC: ‘Side hustles’ are all over social media, so what’s behind the trend?
The Ultimate Side-Hustle How-to Guide: 10 Rules for Side-Hustle Success
Want to learn more about money and personal finance? Check out our article archive, the How To Money Podcast and the Australian Finance Podcast. Catch us on Twitter @HowToMoneyAUS and Instagram on @HowToMoneyAUS.
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