All articles tagged with #side hustle
Gen Z workers are increasingly using their work hours to create and share content on platforms like TikTok, turning mundane office activities into viral videos and supplementing their income through brand partnerships, while also raising concerns about professionalism and confidentiality in the workplace.
Many celebrities are creating their own brands and side businesses outside of their main entertainment careers, driven by the desire to diversify income and build personal brands, as exemplified by figures like Lisa Loeb and John Legend.
Dawn Norton, the CFO of Wilton, Connecticut, resigned after it was discovered she was also serving as a town administrator in Greybull, Wyoming, which she claims was fully disclosed and compliant with her employment terms. The town officials were unaware of her second role, leading to her resignation and a vacancy in Wilton's CFO position. Norton cited workplace stress and ongoing departmental issues as reasons for her departure.
The Starmer family in Florida spent $69,000 converting their garage into a rent-free apartment for their son to support his startup, which also became a successful side business for them by sharing renovation plans and courses online.
The article explains how to leverage ChatGPT with strategic prompts to create scalable digital products and passive income streams, potentially earning six figures, by automating idea generation and product development within a weekend. It emphasizes the importance of market research and maintaining brand authenticity while using AI tools.
The allure of digital side hustles promising easy money has grown, but the reality is often different. While success stories abound, the majority of people struggle to earn significant income from online ventures. Financial educator Melissa Jean-Baptiste advises focusing on monetizing existing skills rather than pursuing every available opportunity. She suggests researching and testing potential side gigs to find what works best for you, cautioning against overcommitting and emphasizing the importance of balancing a side hustle with your primary job.
A recent study found that 54% of Americans have taken on a second job to supplement their primary income, with younger generations being the most economically vulnerable and likely to have multiple jobs. Despite the additional income, many still struggle with financial insecurity due to the high cost of living and stagnant wages, leading to a lack of discretionary income and little relief from the current economic challenges.
Tessa Barton and Cole Herrmann started their photo editing app, Tezza, as a side hustle to make extra income to pay rent in New York City. The app, which started as a passion project, has now evolved into a lifestyle brand bringing in $2.2 million a month, offering photo filters, collage kits, apparel, and a magazine. The couple's journey involved learning from mistakes, working unglamorous hours, and differentiating their app by catering to an audience seeking an accessible way to make their lives look Instagram-worthy. They now serve as co-CEOs of their company and plan to expand the brand into physical spaces while continuing to experiment and pursue new ways to be creative.
Jasmine "Jazzy Mac" McCall, a 32-year-old mom, shares the five books that helped her start her successful business, PayBump, which now generates $143,000 a month in passive income. The books include "The Power of Broke" by Daymond John, "Rich Dad Poor Dad" by Robert Kiyosaki, "The Lean Startup" by Eric Ries, "The YouTube Formula" by Derral Eves, and "Ask and It Is Given" by Esther and Jerry Hicks. These books provided practical guidance on entrepreneurship, money mindset, customer feedback, YouTube content creation, and the law of attraction, ultimately helping McCall build her business and achieve financial success.
Aries, choose what's right over what's easy today, and recognize the power of acting conscientiously. Trust in your integrity as your superpower and surrender the "how" of turning your side hustle into a profitable venture to the universe. Focus on taking the first step, and the path will reveal itself as you go along.
Daniela Hoyos from London has made £1,500 in just over two months by renting out her car on the car-sharing marketplace Turo, covering her monthly car repayments and insurance while still earning an additional £300. She aims to expand her business by buying another car and eventually growing it into a fleet, emphasizing the importance of good customer service, professional photographs of the car, and staying organized. She also recommends car-sharing to others and shares tips for car owners looking to earn money from their vehicles.
Chisom Okwulehie, a 35-year-old architect at the Port Authority of New York and New Jersey, started a side hustle called Juntero with her husband, bringing in over $400,000 in revenue in 2023. Despite her six-figure salary at her job, she wanted to cover mortgage costs and build generational wealth. Okwulehie manages a team of designers and puts most of the company's profits into savings. She plans to use her savings to build a house and invest in her children's future, while also continuing her full-time job at Port Authority.
More people are turning to side hustles to supplement their income, but are facing unexpected tax bills due to the different tax rules for self-employment. Governments are cracking down on unreported income from side gigs, with the UK and US implementing new reporting rules for digital platforms. Many side hustlers are unprepared for the extra paperwork and tax obligations, leading to potential penalties and investigations. Tax experts suggest updating tax rules to better align with the changing nature of work to help people accurately report their taxable profits.
Today's horoscope for Sagittarius suggests that life is working in their favor and advises them to embrace delays and difficulties as lessons. The horoscope also encourages Sagittarius to invest in a potential side hustle.
Becky Powell, a 41-year-old kindergarten teacher, earns $125,500 a year through her side hustle of creating and selling digital worksheets on Teachers Pay Teachers. Powell's store, Sight Word Activities, offers a range of listings from free downloads to paid bundles. She started the side hustle in 2015 and has found success by filling a niche in the education market. Her husband, a computer engineer, also runs a Teachers Pay Teachers store, bringing in an additional $51,800. Powell believes that passion, market knowledge, and identifying gaps in learning are key to replicating her success.