Millennial Money: Job plus a side gig? Avoid these mistakes
It’s the first quarter of the year, and many people may be interested in starting side hustles for extra income or to finally pursue their entrepreneurial dreams
At the beginning of the year, many people have their eyes set on goals. Some of these goals may include increasing your income, starting a dream business, or both if you’re reaching for the stars. Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few pitfalls to avoid.
NOT HAVING A PLAN FOR YOUR SIDE HUSTLE INCOME
People get side hustles for different reasons. It could be to help make ends meet, save toward a dream vacation or grow your business to a point where you can quit your job. Catching up on my retirement savings is one reason I decided to start a side hustle.
But you need a plan for that motivation to help make your side gig worthwhile. Think about having goals for your income and a strategy in place to help you achieve those goals.
