Three lessons to know before pursuing a side hustle

17 thoughts on “Three lessons to know before pursuing a side hustle”

  1. I’ve only had a few side hustles in the past. I ref’d weekend basketball tournaments a couple summers. That was fun and it was some decent money. But you are right about finding one that is worth the time and effort. Thanks for sharing the comparison spreadsheet, I look forward to browsing!

  2. Thanks for the tips – the only side hustling I have done to date is work on my site but that also crosses into a hobby.

    I like your approach to setting a value for your time and searching for opportunities that meet or exceed. My biggest hesitation to the bulk of the side hustles out there is I value my time more than the money

  3. When we reach FIRE, I always joke that Mrs. PIE should ramp up her side hustle of awesome cake baking and decorating. But she replies with the reasonable argument of ” would you like to be delaying a vacation or road trip such that I can get a wedding cake out urgently to a soon to be young married couple?”. It is that aspect of time versus prioritizing other things in your life. Invariably sounds good but when you think of priorities, it gets tricky. Sounds like you have learned a great deal through experience of hustling and it is not a bed of roses by any stretch of the imagination.

    1. Ooo…definitely love this idea! Wedding planning happens so many months (or even years) in advance, so I imagine that she’d have those dates set in advance. She could be super exclusive, doing only a handful of weddings each year! 😉

  4. Yes yes yes. I think a lot of people get caught up in the idea of side hustles without planning out the actual return. A side hustle is still a business, and businesses need to be profitable. You have to know when something is worth the time and effort.

    1. You are so right. A side hustle is essentially a bootstrapped business, so it’s best to run it as such. Assessing whether or not a side hustle could be a full-time business could help differentiate gigs that are worth it and those that aren’t (even if one isn’t interested in going into it on a full-time basis). Thanks for the feedback!

  5. Finding that time/value ratio is SO hard. Especially when your side hustle starts costing you extra in other subtle ways. There are only so many hours we can work before we start buying take out food or eating junk. I try to deny it, but it’s true. And all the extra hours start costing us in those other ways.

    1. You’re right! When I was hustling multiple gigs, I found myself stopped for takeout all the time! I think that’s why it’s so important to set limits to what can one can reasonably achieve without sacrificing health, money, etc.

  6. Thanks for the guest post Claudia. I’ve been working the side hustles myself using sharing economy websites, like Airbnb. For myself, my key to side hustling is basically three fold: (1) I find them fun, (2) they incorporate tasks I’m already doing or should be doing, and (3) they give me a side benefit beyond just making money.

    So as an example, I’ve been doing Airbnb lately. I find it fun to meet new people. I already have a spare room in my house and it doesn’t take me very much time to set up a guest room for a new guest. And my house has never been cleaner. You know those days when you just let your house turn into a pigpen or let dishes pile up? That doesn’t happen for me anymore.

    Or with my dogsitting adventures. I already own a dog, so petsitting a second dog doesn’t really add any more time to my daily schedule. Walking 1 dog isn’t really all that different from walking 2 dogs. And as a bonus, I get to play with a second dog!

    1. Wow! I LOVE your enthusiasm for your various side hustles. Taking advantage of the sharing economy/gig economy is what I’m all about, especially when you highlight the benefits that you did. I am definitely prone to letting dishes pile in the sink, so I just love your Airbnb solution. That’s great!

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