WHY IT IS IMPORTANT TO HAVE A SIDE HUSTLE AND HOW TO MAKE IT
By: Mounika Rayaprolu
Tags: How To Become Rich, Freelancing, How To Earn Money Online, Side Hustle, Financial Planning

WHY IT IS IMPORTANT TO HAVE A SIDE HUSTLE AND HOW TO MAKE IT Mounika rayaprolu Apr 7·5 min read

“The goal is not about making money, the goal is to living your life on your own terms.”_ Chrish Brogan.

We all need the freedom to live our life. We need the freedom to express

our thoughts. We need the freedom to live happily, freedom to eat,

freedom to sleep, freedom to travel. But, we also need another freedom

to live our lives and that is financial freedom. I want to ask a question.

Think deeply and comment me the answer in the comment box. “ Is every

human being ambitious?” Well, there is no right or wrong answer to this

question. The answer depends on your perception.

My answer to the question would be, “ Yes.” Imagine a lazy man who

doesn’t want to work at all. Still, he dreams to live in a good home, eat good

food, wear good clothes, travel the world. And the dreams of a hardworking

person go without saying. The dreams of every human are countless and

definitely have no end. But, how to fulfill our dreams with the income we get?

How to live our life on our own terms? How to become financially

independent? All these questions are answered in this blog post. So,

hold your attention and continue reading.

Mary and Cherry are good friends. Both their fathers work in a school.

One day a fight happens between the board members and the school was

closed. Both their fathers lost their jobs. The situation at Mary’s house

was very miserable. Fulfilling the daily needs became difficult. But, in

Cherry’s house the condition is not that worse. Mary’s father reached

Cherry’s father and asked, “ How are you managing the expenses of the

home?” Cherry’s father replied, “ I take tuitions along with my

regular job and that is what saving us today.”

My dear readers, this is exactly what I want to tell you today. “ Making

side hustle to earn extra income.” Let me simplify by answering all

the questions.

WHAT IS A SIDE HUSTLE?

A side hustle is a source from which you earn extra income apart from the

regular income that you get from your job or business. It is a parallel source

of income you can earn out of your passion.

2. WHAT IS THE DIFFERENCE BETWEEN A SIDE HUSTLE AND PART

TIME JOB?

Well, both side hustle and a part-time job can help you to get extra income,

a part-time job won’t give you the privilege of your own working hours.

While a side hustle is a freelancing piece of work which means you have the

control of choosing your client, how many clients you want to take up and

the comfortable working hours.

3. WHY IT IS IMPORTANT TO MAKE A SIDE HUSTLE?

Well, the answer to this question is explained above. But, let me give

a quick tour. Everyone wants to be financially independent. But, there will

be times where we need to face a financial crisis. And this is proved in the

pandemic. We saw people losing their jobs, massive salary cuts, and

businesses shutting down. To ensure any major hassle won’t affect

us financially and to become financially secured a side hustle is very

important. Here, are my four top reasons to build a side hustle.

a) Having an extra income always gives you strength and makes you

feel secure.

b) You can clear off your debts with that extra income, in case if you have any.

c) You can save for your future with that extra income.

d) You can invest in your growth(Pursuing a course, learning something

which you love to but postponing to balance the expenses)

4. HOW CAN YOU BUILD A SIDE HUSTLE?

You need three pre-requisites to build a side hustle.

a) What are you interested in: Because a side hustle is extra work you

do apart from your regular job and activities in daily life. So, doing a

boring task along with managing all the other things will be a nightmare

and you won’t be able to continue it for a long run. So, you need to

choose something that you are really interested in.

b) Time: How much time can you dedicate to do that work?

c) Income: How much extra income you are expecting from that work?

Once, you figure out these, you are all ready to build a side hustle. Now,

let us dive deep find out how can you choose your side hustle. Well, most

of the people choose their side hustle which they are passionate about or

from the skill they are good at.

For example, I choose freelance content writing as my side hustle because

I am passionate about writing. You may be interested in painting, dancing,

photography, editing and the list is endless. Ask yourself “what is that

one thing I am interested in and can add value if I offer the services.”

Once, that is clear there are a lot of online courses(paid and free) available

on the internet. Again, a question comes “ Is it compulsory to take a course?”

My answer would be, “ Yes.” Because there are a lot of people who offer the

same services you want to

For example, there will be a lot of content writers to offer their writing

services. To stand out of the group I should provide something more

valuable and that can happen only when I upskill myself. If you are

looking for progress, then upskilling is the key. But, in the initial days,

there is no need to take a paid course a free course is enough to

start your journey. Once, you start earning money you can invest

a little portion of that in upskilling yourself.

“ There is no downside to a side hustle. There are only benefits to building

more than one source of income.” If you like this blog post then I suggest

you check my Instagram and LinkedIn where I post feed on content writing,

copywriting, freelancing, and digital marketing. Have a successful journey

ahead.

https://www.instagram.com/mounikarayaprolu/

https://www.linkedin.com/in/mounika-rayaprolu-665abb147/