digital real estate creation

What is Side Hustling and Why I Side Hustle

Erik Entrepreneurship, Side Hustle, Thoughts of a Mastermind 8 Comments

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3 and a half years ago, I started employment at a salaried day job. The terms of the job were more or less:

  • Get in at 8:30 AM, get your work done, and leave around 5 PM
  • You’ll be paid every two weeks
  • You might be able to get a 3% raise at the end of the year
  • We don’t pay overtime because you are salaried
  • It will probably be a few years before talking about promotions

ace business planOne of my goals is to build wealth for the future and become financially free at a young age. I’ve had this goal since 21, and now I’m 26. Financial freedom to me is the ability to do what I want with my time and money – it’s not necessarily a “nest egg number”, but rather, a combination of assets, cash flow, and potential to earn more over time.

With these thoughts in mind, those terms above look pretty motivating, right? Not really.

Not more than 2 months after starting work, I already was starting to think about ways to make money on the side. Should I start a blog? Should I try to make money trading stocks? What about real estate? How can I learn more about saving for retirement or starting a business?

All of these questions kept coming up in my head and I couldn’t keep them down.

I started my first true side hustle in March 2015, and while I gave up on that side hustle 2 months in, I haven’t stopped in my pursuit of extra income on the side of my day job, and now have multiple side hustles.

In this post, I want to discuss what side hustling is, why I do it, and talk about the mindset behind hustling on the side of your day job.

What is Side Hustling?

For those not familiar with side hustling, side hustling is doing work on the side of your day job to increase your income.

In the past, this might have been called a “side gig” or “second job”. Now, many people are struggling to make ends meet with one job and are falling behind.

Through side hustling, those people are able to bring in some extra money, improve their skills, and potentially build a business to create other income streams.

Side hustling isn’t too hard to get started. Probably the biggest struggle is time management and figuring out what will be best for your skills and personality.

Over the past few years, I’ve started to side hustle and have found some decent success increasing my income on the side of my day job. What’s interesting as well, is that there have been intangible gains as well to side hustling, and I’ve grown and matured for the better!

Side hustling is now a staple of how I spend my time and what I do on a day to day basis.

That being said, this is just what I’m doing. I believe for every what, there needs to be a WHY, otherwise it’s not worth doing.

Why I Side Hustle and How You Can Too

With all actions I take, it’s always good to think about the why of your actions. We all only have 1 life and it’s short. Why are you doing the things you are doing?

What’s my why for side hustling? I touched on it a little bit in the introduction of this post, but I’ll say it again here:

Side hustling is important to me for a few reasons: I want to become financially free at a young age. I have a lot of energy and I want to help others. There is always something to learn and value to provide. 3% raises and multiple year promotion tracks are not motivating to me.

Yesterday, a Tuesday, I participated in a golf tourney I was invited to play in for the neighboring cities’ business and economic development association.

Unfortunately, I had to take a day off of work and will have to be in the office tomorrow.

One of the guys I played with in the tourney was a business owner and had grown his business over the last 12 years to a point where he doesn’t need to be involved in the day to day operations anymore. He now is playing golf multiple times a week in his 30’s while his business continues to pay him.

I didn’t talk to him too much about his family life, but to be essentially free enough to play golf multiple times a week leads to my conclusion that he is in a pretty nice situation financially.

He built a business over 10+ years and now is free to do what he wants with his time and money.

Through my side hustles, I’m looking to do the same. I’ve started this blog and podcast, The Mastermind Within. I started a subscription kit business, which I’m planning to share some more details in the coming posts with you. I’ve house hacked the last 3 years and made over $40,000 in extra cash. Finally, I do some statistical consulting for $85 an hour for a few hours a week.

I’ve been hustling for only a few years, and while I’ve made some progress, I still have a long ways to go.

Consistent daily disciplines do add up over time, and I’m looking forward to my progress.

Let’s Hustle Together

In the month of August, I’m going to be talking about a number of things related to my side hustles, how you can start a side hustle for yourself, and also dive into some details of what I’ve been spending my time on the past few months.

Side hustling is not for everyone, but if you are looking for something productive to do, or looking to make a little more money on the side, it might be for you!

My hope is that by the end of the month, you will have some ideas to start hustling, or inspiration to continue hustling.

Side hustling will help you become more mature, hopefully increase your income, and allow you to grow as an individual. Are you ready to hustle together this month?

Readers: do you have a side hustle? If so, what is your side hustle? What’s your why for your hustle?

Erik

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Comments 8

  1. Great post Erik!

    At the moment my side hustles consist of house hacking (one long term and one short term lodger, cover equivalent of whole mortgage and half of household bills), plus a bit of temp and private work aside from my main employment.

    Part of me wants to set up a scalable side hustle business, but at present there’s a lot more scope to increase my hourly rate for my main employment in the next few years by a factor of 2-3x, so I’m going to focus more on that in the short to medium term.

    Keep up the good work!

    TFE

    1. Post
      Author

      Thanks for sharing TFE. House hacking is sooo great for building wealth if you can make it work. Sounds like things are rollin’ for ya and I’m looking forward to checking out some of your content to see what’s going on 🙂

      Erik

  2. Great post! Keep side hustling and eventually you’ll be the guy in his 30s of the golf course a few times a week.

    Personally, I love side hustling and have always had 2-3. My main side hustle is real estate investing. However, I am always on the look out for other opportunities. Like you, the 3% annual raise and a possible promotion every few years doesn’t do it for me.

    1. Post
      Author

      Thanks Drew for stopping by and sharing a little bit about your side hustling story. You are doing very well with your hustles and I’m excited to see where you go in the next few years! 🙂

      Erik

  3. For me, side hustling has always been more than the money to me. You know my side hustles – they aren’t necessarily scalable or huge money makers. But I find them as a nice escape from my day job. They’re therapeutic, in a way. So side hustling can be about money, but it doesn’t always have to be. At least that’s what I think.

    1. Post
      Author
  4. Your side hustle game is so impressive Erik! I struggle with striking a balance between side hustling and my day job (and let’s be honest, Netflix), but it’s something I would like to work at. Currently I don’t have anything on the go outside of my day job. I consider blogging more of a hobby at this point but would like it to keep pushing it forward and earning more money so I could call it a real side hustle.

    1. Post
      Author

      If you are building up content and a following, I’d call it a hustle 🙂 Sounds like you have a lot going on, so it’s not too big of a deal if you are doing what you want with your time!

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