The following is by staff writer, Kayla.
With today’s economy and job market, new college grads are having trouble finding full-time jobs at all, let alone a career within their chosen field. Many are unemployed or under-employed and not earning nearly enough to live off of and pay all of their monthly bills, including their student loans. This is where a side hustle can come in handy.
Having a side hustle outside of your regular day job can mean the difference between getting your bills paid on time or racking up more debt on your credit card just to pay your monthly living expenses. But sometimes having a side hustle can also mean more than just financial benefits for millennials. Here are a few reasons why every millennial needs a side hustle.
Opens Up New Opportunities in Your Field of Study
If you take the traditional path of going to a 4 year university straight out of high school, chances are your skills are pretty specialized toward one subject or field of study. But what happens when there are no jobs in that field? You usually end up having to take a job in a different area to pay the bills. Luckily, starting a part-time side hustle can sometimes help you gain at least some work that pertains to the education you pursued in college.
Allows You to Learn New Skills
If you are like me and you don’t enjoy your full-time day job, a side hustle can allow you to learn new skills and work on things that you enjoy. For instance, at my day job I sit at a desk and crunch numbers all day long. This is NOT my life’s calling and I don’t enjoy it. However my side hustle as a freelance writer has allowed me to put my creative skills to use and I love it!
You Get Paid for Your Opinion
In many job fields you start out at the bottom of the totem pole when you graduate from college. At the bottom of the totem pole, not many higher-ups in your organization are interested in your opinion. By taking on a side hustle, like taking paid surveys at American Consumer Opinion, you are actually paid for giving your true opinion on things.
20-Somethings Tend to Have More Time
If you are a millennial in your 20’s, now is the time to start a side hustle. Most of us don’t have families or other time consuming obligations yet and we have the free time and drive to start a side hustle in addition to our jobs. Plus with time on our side, now is the best time to earn extra money for savings and investments. Surely you’ve heard of compound interest? Make sure compound interest is working in your favor by paying off debt and building savings with your side hustle money in your 20’s.
Starting a side hustle getting paid to write for blogs is one the best things I’ve ever done for myself. My side hustle has allowed me to earn way more money every month than I thought was possible. Plus I’ve learned new skills, made new friends, and had a lot of fun along the way too.
Do you have a side hustle?