![]() You’ll learn new perspectives and flesh out your professional network at the same time. In many side gigs, you’ll get the chance to interact with a wide variety of different people. Your side gig can serve as a useful backup plan, serving as an extra source of income if you lose your job.and perhaps a potential alternative path forward. You might have ambitious goals for the future of your full-time career, but there’s no guarantee it will pan out the way you think. Several people have turned side gigs into lucrative careers. If you’re successful with a side hustle, you might be able to turn it into a full-time business. For example, you might learn more about photography and design as part-time side gigs and then use those skills to advance in your full-time design career. In many cases, a side gig also gives you an opportunity to receive training and take on new skills. While it’s true that some side gigs bring in barely enough money to be considered profitable, it’s also possible to find some that pay more than $25 an hour. Of course, you open up the potential to make extra money. While the benefits of side gigs will vary from person to person, there are five things that almost always rise to the surface in the decision-making process. With these four criteria in mind, consider both the pros and cons listed below. It might help you to assign a dollar value to the effect your new side hustle has on your peace of mind. If you genuinely enjoy what you’re doing in a side gig, the money may not matter to you. Side hustles aren’t just about the money or the experience. There’s a personal preference component to consider as well. On the other hand, if you start a new part-time job from scratch, your entire schedule may need to be adjusted. For example, if you’re acting as a caregiver for a parent or loved one, you can get paid for your services through CDPAP with few changes to your current schedule. In some cases, you might be able to get paid for doing something you were going to do anyway.
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