We all could use a little bit more money.
Your full-time job might be good to meet your day-to-day expenses, but you may need some extra money to pay down your student loans, plan a wedding, make a big-ticket purchase, save for a vacation or improve your lifestyle.
There are various ways of earning extra income, but the real problem is doing this without leaving your job. Fitting a gig into your schedule can be tough.
Enter side hustles. A side hustle is basically an activity outside of your 9-5 job that aids you in earning more money. It is flexible and can be something that you’re passionate about.
In this post, we’ll discuss 5 side hustles for 2022 that will make a difference in your wallet while giving you the freedom to do the things you’ve always wanted.
Let’s dive right in!
Virtual Assistant
With the workforce becoming increasingly more remote, there’s been a growing demand for virtual assistants. If you have exceptionalorganizational and communication skills, you can get paid up to $40 an hour!
As a VA, you will assistbusiness owners and professionals with handlingtasks such as bookkeeping, email/social media management, bookings, scheduling calls/meetings, administration, and other tasksthat make your client’s business operations smoother.
This side hustle doesn’t force you to commit to specific work hours.And instead ofworking in a company’s office cubicle performing mundane tasks,you will work in a remote location.
While you can land clients on popular freelancing sites when starting this side hustle job, consider branching out on your own as an independent contractor with time.
Day Trading
Do you have time to watch price charts and spot new opportunities? Then day trading can be a good side hustle for you!
Day trading involves buying and selling assets with the intention of closing the position by the end of the day. You can trade for 1-3 hours per day, then move on to other activities.
As a day trader, you can use leverage and short-term trading techniques to complete your trades. The greatest possible returns are usually concentrated around 9:30 a.m. and 4:00 p.m. EST – the official opening and close of stock trading.
To excel in this side hustle, you will need to develop a solid plan and familiarize yourself with basic trading strategies. Also, don’t trade with money you cannot afford to lose
Create an NFT project
NFTs or Non-Fungible Tokens are the new face of digital trading.
You can hardly unlock your phone or open your laptop without reading about these digital assets that are irreplaceable.
This side hustle basically involves making money from intangible items like digital art, tweets, music tracks or even baseball cards. Provided there’s a market for your NFT out there; you can sell it at 100X or 1,000X more than its value in physical form.
However, you’ll need to go through a small learning curvebefore you can start making money with NFTs. Once you get a hold of the process, you can sell your NFTs online on platforms like OpenSea.
Freelancing
Ever thought of tapping into your creative side to earn cash?
We all have something we’re good at.
If you’re a guru at programming,making logos, designing websites, proofreading, writing killer articles, or any other skill that’s indemand, you might choose to take up freelance gigs.
Sites like Fiverr and UpWork connect freelancers with buyers from all over the world. Depending on the site you choose and the gigs you take on, you could make anywhere from $500 to $2000 a month.
As a freelancer, you will have to meet your clients’ deadlines. But you will enjoy the freedom to work at your own pace as long as you meet those deadlines.
The secret to making it as a freelancer is charging clients based on the value you’ll bring. Don’t undercharge your services as doing this may result in fast burnout with little payoff.
Blogging
Blogging is a lucrative, long-term side hustle that allows you to grow your brand while owning your assets.
With just a laptop and a reliable WiFi connection, you can turn any location into your personal publishing den and write about something you’re passionate about. Running a blog in a niche you know inside out lets you reach an audience with the same interest as you.
Fashion, travel, beauty, health and fitness, interior design, women empowerment and personal finance are some of the popular niches for many people running a blog part-time.
A word of caution, though. Blogging starts slow, and it’s a lot of work. It can take a while before the money starts streaming in, but you can earn extra income by running ads, selling your own products or adding affiliate links to your post.
Conclusion
A side hustle could do wonders for your finances, but it’s imperative to maintain a decent work-life balance too.
These are only a handful of the gigs you can take on, so it pays to explore your options if you’re serious about boosting your income.
Good luck side-hustling!
