Side hustles are necessary, even if you have a 9-5.
Do you want to earn extra income? Pay down some debt? Or even go on a vacation? If this sounds like you, then you are not alone. If you are on the fence about starting your side hustle, you’re in luck! Here you’ll find 3 reasons why side hustles for women are important even if you have a full time job.
1. Your Side Hustle Can Be Your Setup For A Backup or An Exit Plan
Jobs are a lot like people, they can be extremely fickle. Employers, much like people, can love you one day and ghost you the next. And we all know that when your job ghosts you that typically means you’re fired. In December of 2020 alone, the U.S. workforce lost 140,000 jobs but women overall lost 156,000 net jobs which equates to women losing nearly 100% of the jobs.
With the state of jobs being so fragile, and women so frequently being on the chopping block it is essential to have options. As a woman, having a side hustle can help generate an additional stream of income should you find yourself without full time employment one day.
Think about your current job. Is it somewhere you see yourself long term? Or do you have visions of leaving and flying solo? If that is the case, you can use the stability that comes from having full time earnings to build up your savings account while also working on your side hustle.
2. A Side Hustle can help you Save For a Rainy Day or Boost Your Current Income.
Let’s face it, a girl just wants to have funds! And truthfully speaking, life just isn’t that fun if you don’t have funds. This is where your side hustle can help. With the money earned from your side hustle, you can save or put money away into an emergency fund. To be honest, who couldn’t use some extra income? Your side hustle can put more money in your pocket or your bank account.
No matter where you decide to put the extra income, having extra cash available is an asset. And if you feel you are not bringing in enough income at your current job then a separate stream of income is an excellent resource to have. In fact, reports show that most millionaires, on average, have seven streams of income.
So, even if you don’t want seven additional streams of income, having at least one additional source will certainly help. Whether you want to save, splurge or give to charity, having an extra source of income opens the door and gives you the ability to have choices when it comes to having extra cash and what you can do with it.
3. Your Side Hustle Can Reignite Your Dreams and Help You Pursue Your Passions.
Everyone has a dream and their own ideas regarding where their lives will lead. But, more often than not, life gets in the way and causes dreams to be put on hold and forgotten . We often find ourselves meeting the needs of others at the expense of our own. Which then leads to our dreams getting pushed aside and forgotten.
Pursuing a side hustle allows an opportunity for you to reignite the dreams you once had and also get paid to do something you love. For many women, a side hustle can serve as a creative outlet as well as a way of identifying strengths and talents.
Take some time to consider the dreams you once had for yourself. There are likely ways you can combine the knowledge you gained in your present career with your own passion pursuit and make an excellent side income. Whether you have something to prove to yourself or to others, a side hustle is a perfect opportunity to do so all while making an income.
A Side Hustle can be All that You Allow It To Be.
Whether you desire to supplement your income or save for a rainy day, a side hustle can be either one of those things or both.
If you decide to use your side hustle as a way to restore old dreams and reignite previous passions then it can be that for you as well. The reality is that with side hustles for women the opportunities are limitless. The only thing that can stop you is YOU.
So What’s Stopping You?
What obstacles do you see standing in your way of achieving your side hustle goals? The truth is side hustles for women are not only important but in today’s economy a side hustle is often considered necessary.
Is there a way I can help you achieve your side hustle goals? Let me know in the comments how I can help you get started!