Importance of Having a Side Hustle Besides Your Daily Job

By David Indeje / Published January 25, 2022 | 11:54 am




KEY POINTS

People are working so hard but earning peanuts at the end of the month and all you are being told is if you cannot work with the provided salary and conditions then resign and pave way for someone more "appreciative".


investment

KEY TAKEAWAYS


Side hustling is the real solution to earning an extra amount if you are not comfortable with the amount you are earning or if you wish to save for your future use.


Money can never be enough no matter how much you earn at the end of the day or the month. People are working so hard but earning peanuts at the end of the month and all you are being told is if you cannot work with the provided salary and conditions then resign and pave way for someone more “appreciative”.

COVID-19 pandemic made people realize the importance of not depending on one job as a source of income and also why saving for the future is very important.

A lot of people lost their jobs and if you did not have a plan B or rather lucky enough to secure another job you can imagine how tough things were especially if you were the breadwinner of your family.

According to research, over 33 percent of survey respondents earn 500 dollars or more per month with their side hustle. Of those, nearly 15 percent work 5 hours or less on their side hustle per week. That’s an hourly rate of 25 dollars. Some side hustles are more lucrative than others.

ALSO READ: M-PESA Most Preferred Service by Kenyans in Diaspora

If you wish to have a financial breakthrough, having a side hustle besides your daily job is very important, and here are some of the advantages.

Paying your debts Off

If you have a debt and the money you are earning monthly is not enough to clear your debts and pay your bills, then having a side hustle that can assist clear the debts and start making profits will be great.

Financial Freedom and Flexibility

Everyone is always yearning to be financially free and enjoy their hard work money. If you have a side hustle that is doing well, you can no longer depend on your job to survive especially if you are working for a place that always has salary delay issues.

You can become your Own Boss

No one wants to be an employee forever, or rather at least once in a while, you have always wanted to be your own boss. Having a side hustle with great income can actually be your main source of income and you can leave your job and focus on your side hustle to make ends meet.

Have peace of Mind

Let’s be honest once you are not financially stable you will always be stressed especially when it comes to paying bills, you might be working but earning peanuts hence having a side hustle that can assist in sustaining you will bring you peace of mind and you will be less stressed.

Side hustling is the real solution to earning an extra amount if you are not comfortable with the amount you are earning or if you wish to save for your future use. It has become our daily norm therefore if you wish to achieve your goals and enjoy your money therefore side hustling is the way to go.

EDITOR’S NOTE: Article by Doreen.




About David Indeje

David Indeje is a writer and editor, with interests on how technology is changing journalism, government, Health, and Gender Development stories are his passion. Follow on Twitter @David_IndejeDavid can be reached on: (020) 528 0222 / Email: info@sokodirectory.com

View other posts by David Indeje


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2022
  • January 2022 (293)
  • February 2022 (329)
  • March 2022 (360)
  • April 2022 (294)
  • May 2022 (271)
  • June 2022 (232)
  • July 2022 (278)
  • August 2022 (253)
  • September 2022 (246)
  • October 2022 (196)
  • November 2022 (230)
  • December 2022 (4)
  • 2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (232)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (364)
  • December 2021 (249)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (333)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (283)
  • April 2019 (254)
  • May 2019 (269)
  • June 2019 (249)
  • July 2019 (335)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (318)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (275)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (282)
  • November 2018 (282)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (189)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (164)
  • February 2016 (165)
  • March 2016 (189)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (233)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (164)
  • April 2015 (107)
  • May 2015 (116)
  • June 2015 (119)
  • July 2015 (145)
  • August 2015 (157)
  • September 2015 (186)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (205)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950