March 2020
Beginner
288 pages
5h 58m
English
Content preview from Work Your Money, Not Your Life
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Chapter 8Supplement Your Job to Explore New Opportunities
Slash careers. Side hustles. 20% projects. Whatever you choose to call them, more people than ever are supplementing their primary jobs with a second gig. In fact, according to a 2018 Bankrate.com report, nearly 4 in 10 Americans work more than one job.1
Extra cash isn't the only reason why people are increasingly pursuing side hustles. Many side hustlers use additional projects to fulfill their creative needs. For example, I've met people who have started photography, writing, and Etsy businesses on the side to develop artistic talents that they don't use in their regular day jobs. Other side hustles serve as testing grounds for potential full-time gigs. In his book The 10% Entrepreneur, author Patrick McGinnis highlights many successful business leaders whose ventures began as side projects, including Luke Holden, founder of the popular seafood chain Luke's Lobster.2 Holden initially launched the business while working as a Wall Street analyst. What began as a 200-square-foot hole-in-the-wall lobster shack has since grown into a global enterprise that generates tens of millions in annual sales.
The Perks
Side hustles might be an attractive and highly effective strategy if you are looking to gain more satisfaction in your professional life. Among the many benefits, supplementing your current job can allow you to:
- Safely Test Drive New Areas: Quitting your job to explore new areas may be extremely stressful and financially ...
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