Side Hustle Risks You Should Watch Before You Start [Infographic]

Millennials tend to unhappy with his main job will look to struggle on side job

There are plenty of reasons why people doing a side job either side hustle. Millennials employee, in this case, need extra income to fulfill their lifestyle needs, or even to meet their “experience budget”, such as traveling. There are only two ways for that calculation to work, and those involve spending less or making more cash.

side hustle

According to a recent millennial report by Deloitte, 66% of millennials expect to leave their job by 2020. A few of the reasons for this are insufficient pay, lack of purpose in their work, inability to develop their skills, and desire to discover more outside the bounds of a traditional job. And for those who want to keep their main job consider taking side hustle to make ends meet.

Furthermore, those are the findings of several surveys, which conclude that millions of workers moonlight. “One in four Americans have a side hustle. This includes about half of millennials,” according to a survey by Bankrate.com.

Besides that, more studies are revealing that millennials seek to work for organizations that align with their purpose and passion. Of course, exploring how and where companies give back to their communities is the norm for a millennial job candidate.

Therefore, side jobs considered the coolest things to do. As an entrepreneur or as a freelancer, side job bringing extranet to our income. There are plenty of websites that provide more information about the side hustle.

Hence, in this digital era, we could get a side job easily, some people have a side job employee part-timer or in a sales/commission-based role. While others find themselves running a low-key company as an entrepreneur or some people open submission for their ability or services.

However, there are times when the extra net income may not be worth the time you spend on side hustling. There are several risks you might face when you do the side hustle as shown in the infographic below.

What is the Side Hustle?

“A side hustle is any type of employment undertaken in addition to one’s full-time job. A side hustle is generally freelance or piecework in nature, providing a supplemental income. Side hustles are often things a person is passionate about, rather day a typical day job worked in order to make ends meet.”

(https://www.wanolo.com/blog/what-is-a-side-hustle/)

Young millenials & side hustles

18-to-26-year-olds are the most likely age group to have a side gig

https://theliberaLie/5-side-gigs-that-actually-make-money/

The Side Hustle Favorite

Graphic
Designer

Translator

Writting
Articles

Running Online
Business at
Market Place

Photographer

Social Media
Officer


etc..

The Benefit of
Side Hustle

Tips to Kickstart Your Side Hustle
while Working Full-Time Job

Risk You (might) Face

Childcare

Transportation

Opportunity Cost

Tax Bracket

Main Job Interference

Health Risk

Less Quality & Leisure Time

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