The idea of a secondary income has become increasingly important. It is estimated that 4 out of 10 Americans now have a secondary income. While other countries are a little lower they are quickly catching up. If you are sitting reading this blog thinking I have always wanted to earn some money on the side but I don’t know how to get started, read on.
The easiest way to get started is to think about what you are passionate about and work backward. I was an avid kitesurfer and so started teaching kitesurfing on the weekends. It got me outdoors and put a little extra money in my pocket. If you have any skills or passions you can easily turn them into a side hustle. If you think you have no skills then you are just being negative. Everyone has something they can shine in, dig a little deeper.
The issues of Taxes
The bureaucracy involved in setting up a side business can be daunting but don’t let it stop you. So many people have done it before and you can too. Start by googling and you will find there are steps to make it really easy. There are even some trade offices that can help you get started.
The Easy Options
The easiest secondary incomes to pursue are in writing, website creation, tutoring, languages, and product selling. For now, leave the stock market to the pros as that is a good place to make money and a great place to lose money. Start actively listening to your friends, families, and coworkers. Do your coworkers always come to you to check their work? Sounds like you are an excellent proofreader. Do your family always come to you for advice? Maybe you should write a blog. Do your friends always ask you to design something for them? Maybe you could sell some of your work on Etsy.
Finding the Time
Finding time simply requires discipline. If you have time to relax and watch tv all night you have time to start your business. Set small goals to begin with by just giving thirty minutes a day or an hour on weekends. You are not in a rush to get there but the sooner you do it the happier you will be.
If you want to get one step closer to financial freedom and one step away from always answering to a boss, do yourself a favor and look into a path to a secondary income.