By Terence Loose
WWR Article Summary (tl;dr) Some great expert advice on keeping sane while starting a side job to earn extra cash or launching a new business!
GOBankingRates recently asked top finance experts this question: What is the No. 1 thing you wish someone had told you before you started your side hustle and why?
Whether you’re starting a side job to earn extra cash or launching a new business to pursue your passions, keep reading for some expert advice on keeping sane while working a side hustle.
HAVE A CLEAR END GAME
When you’ve got your nose to two grindstones, trying to earn additional cash and putting in extra time, it’s easy to lose sight of your overall goal. Bobbi Rebell, author of “How to Be a Financial Grownup,” said that there’s a difference between having a career-boosting side hustle and working two jobs. The latter involves having a clear, strategic reason for working hard.
“For example, to earn money to pay down a debt. Or to save for a vacation. Or to acquire a new skill that can expand your professional options. Or to explore whether a business is financially viable. You have to be careful not to just work two jobs for the sake of it, because that can be exhausting,” she said.
Rebell knows something about balancing multiple roles. An award-winning journalist and advocate for financial literacy, Rebell heads up the U.S. business video unit for Reuters and finds time to write a syndicated finance column for millennials. She recommends that aspiring entrepreneurs be strategic in the way they use their time if they hope to achieve career excellence.
UNDERSTAND THAT THERE ARE NO RULES
Get a job, buy a house, start a family, save, retire, or don’t. Just because most of your friends follow a certain path in life doesn’t mean you have to walk in their footsteps.