In the last few years there has been a dramatic increase in part-time and remote work opportunities. Side gigs to supplement yearly incomes have become increasingly popular as the additional finances help families prepare for future expenses and pay off debts sooner rather than later.
The perks of a second income are obvious but juggling your day job along with your side hustle may not be. In this article, you’re going to learn how you can easily maintain your day job while making a few extra bucks on the side. Here are our top tips:
- Make a PlanEven the most thought out plans can go awry. What would happen if you didn’t plan at all? You’ll find it extremely hard to succeed!For best results, you should lay out a short-term goal and a long-term goal. For your short-term goals, you can plan out your week or your month. Are you trying to pay off credit card debt? Need extra funds for a vacation? Add these to your short-term goals. For long-term goals, think about where you want your side hustle to be in 3 years or 5 years. Is the ultimate goal to leave your day job and pursue your own ventures? If yes, then make it into one of your long-term goals. Be clear about what you to achieve and set deadlines to keep yourself on track.For every milestone you achieve, reward yourself. After all, it’s not easy working on a side business when you’ve got a full-time day job, too!
- Manage Your TimeIt’s no secret – having a side hustle along with a full-time job may leave you exhausted at the end of the day. But if you’re looking to make both jobs work, then know that it’s very much possible. You just need to know how to manage your time.Determine how much time you have to devote to a side hustle. Be realistic! It’s easy to say you will commit to working on a supplemental income before and after your day job but in reality this can be draining. Start with a few hours a week and increase as you become more comfortable and accustomed to your new lifestyle. Use your achievements as motivation to keep pushing forward.
- Sacrifices Will Be NecessaryWhether you like it or not, you will be making sacrifices. You may need to cut down on some of your favorite things to do on your days off. It would also be wise to let your family and friends know that you have decided to start a side hustle. Having their support when your energy starts to run low will be helpful. While it’s not necessary to transform into a total bore, you may need to seriously cut back on the fun stuff. Besides, remember why you started this in the first place – you’re new income and more thrifty lifestyle will contribute to a more secure financial future.
- Save Your Additional IncomeKeep your goals in mind when stashing away your extra cash. It may be very tempting to use your newly earned funds on a shopping splurge but it’s best to save up in order to achieve your ultimate long-term goals. Down the line, you may also look into making your money work for you by investing in a variety of financial instruments like stocks and bonds.