Navigating Multiple Side Hustles: Balancing Income and Integrity
How Many Side Hustles Are You Currently Involved With?
In today's fast-paced and interconnected world, many are turning to side hustles to supplement their incomes and achieve financial flexibility. Whether it's running a small business, freelancing, or engaging in various micro-entrepreneurship endeavors, side hustles have become a common practice among individuals seeking alternative sources of revenue.
For example, I have a juggling and pick-pocketing business that originated as a side hustle but has evolved into a full-time venture. Additionally, I now provide booking services for other entertainers and run a dinner show. Currently, I'm also in the process of starting a business consulting side hustle. Balancing these diverse activities can be challenging, but it's also incredibly rewarding. Keeping prices competitive and hiring reliable team members have been key to navigating these multiple engagements effectively.
Why Do You Call Work a 'Side Hustle'?
Work classifications can be subjective, especially when it comes to side hustles. Traditionally, the term 'side hustle' has been associated with activities that might involve some level of risk or dishonesty, such as scamming. However, the term is increasingly being used to describe a wide range of legitimate income-generating opportunities, including blogging, babysitting, and gig work on platforms like Craigslist.
As a stay-at-home mom, my primary role is to take care of my children. Therefore, anything I do for income is considered a side hustle. I blog regularly, though the income is inconsistent. I also babysit occasionally, which can be a flexible way to earn some extra money. Additionally, I participate in taste testing programs organized by the local University Food Sciences Department, which pays in Walmart gift cards. These gift cards help me with budgetary expenses and everyday purchases, making the side hustle a practical and useful part of my income diversification strategy.
While some of these side hustles don't require me to be away from my children, others like gig work on Craigslist can be more challenging to manage. I spend several hours each week scanning job listings and applying to those within my capabilities. However, the success rate and profitability of these gigs have significantly diminished over time, making it necessary to balance the effort and time investment carefully.
Understanding 'Side Hustle'
The term 'side hustle' has become somewhat elusive, with varying interpretations. Some people still associate it with dishonest work, while others view it as a legitimate way to earn additional income. For instance, selling products on Amazon is often considered a legitimate side hustle, not a hustle in the traditional sense of the word. It involves honesty and skill, and it's certainly a way to generate steady income.
If the question strictly revolves around how I make money, it's much simpler to answer. I spend a couple of days each week scouring local Craigslist listings for gigs. These gigs can include music performance for tips, teaching music lessons for tips, shoveling sidewalks and driveways for tips, and various odd jobs. These activities allow me to earn a modest income while fitting around my family responsibilities.
Overall, the key to successfully managing multiple side hustles is to maintain a clear understanding of what activities are worth pursuing, how much time and effort each one requires, and how to balance these engagements with your primary responsibilities. Whether you're a juggling performer, a freelance writer, or a temp in the gig economy, the goal is to strike a balance that suits your lifestyle and financial needs.