If you’ve been hearing a lot about side hustles recently, you’re not alone. In recent years, the term has crept into our common consciousness, so much so that in 2022, Merriam-Webster added it to its dictionary. “Fast confusion is a word that is on the move,” the post reads. “While the precise definition of the term is still subject to some change, it appears to focus on “work performed for income additional to one’s primary job.” “It changes a little bit” is right. Having a side hustle means many things to many people. Some people rely on extra money to pay bills, others wish to have a fun hobby that may make some money, and still others wish to build a completely recent business or profession.
A 2023 Bankrate study found that almost 2 in 5 of all American adults now have a side hustle, and greater than half of Gen Z and Millennials do so. Among these younger hustlers, 1 in 5 Gen Zers and 1 in 4 Millennials hope their side gig will turn out to be a full-time job one day. Factors comparable to the normalization of distant work and a general sense of economic instability are actually driving this trend, but one thing is certain: it is not slowing down. As one hustler, Justin Cambra, told us: “In today’s world, stability comes from having multiple sources of income. I try to generate as many revenue streams as possible.” We hope the ideas below will help you achieve this.
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