5 Reasons to Keep Side Hustling
Here from my patio today, I’m going to give you 5 reasons to keep on side hustling and 3 instances where it may be time to stop side hustling so much.
1. Money in the Bank
Saving money is always good. J$ at Budgets are Sexy has his Gigs for Goals, where perhaps you have the day job to pay all the bills and the second job to build an emergency fund, pay off a particular debt or save for a vacation. If you don’t have an emergency fund, you really should, they will help you stay on financial track even when something happens.
2. More Choices
If you have savings and you hate your job, you can quit and go find something else. It gives you options. Whether it is trying to decide where to go on vacation, instead of a staycation maybe you go to Italy because you can. It gives you choices, it gives you freedom of choice in what you can and want to do in pursuing those things.
3. Financial Independence
If you are part of a couple, good for you, you are probably sharing the financial burden, sadly relationships don’t always work out. I’m not trying to be a downer, it’s just the truth. If the relationship were to end it is nice to know that you could support yourself without help. Being able to financially support yourself is a great feeling no matter your relationship status.
4. Pay Off Debt
Rather than build up savings, you are hustling to pay off debt, be it credit card debt, student loans, a car loan or a mortgage. The faster you pay off debt the less interest you will end up paying to those that own the loans.
5. Give Back
Hustling doesn’t have to be about money or earning money, it can be about volunteering your time or your services to help others. If you are hustling it opens up those possibilities and it allows you to give back to others.
3 Reasons to Stop Side Hustling
1. You Have No Life
If all you are doing is working and you don’t get to have a life at all then you may want to give up the hustle. Whether that means going out with friends, going on a trip, or spending time with family and seeing your kids, then it is time to reevaluate to see if the hustle is worth it.
Sometimes it may be necessary to hustle to pay the bills, but if you are hustling for some other reason, reconsider. Life is for living. While there will sometimes be spurts where you work really hard so it pays off in the long run, you have to make sure you actually get to the point where it pays off so you can enjoy the fruits of your labor.
2. It is Having a Negative Impact on Your Relationships
Whether it is friends, family, a SO, or just your pet. If you don’t get to chill with your dog and take him to the dog park, your dog will still love you unconditionally, but you should totally feel guilty about not chilling with your dog. If you can afford to stop hustling do it and spend the time with your super cute dog or whoever.
3. There is No Need
If you ultimately do not need it. If you have extra money in the bank and you’re debt free, there really is no need to keep hustling. Now one exception would be if it is something you are really passionate about, then, by all means, keep going. But if you don’t have a need and you hate it, stop. Sometimes it just takes being told to stop for you to realize that is what you should do.
Wrapping it Up with a Bow on Top
There are tons of reasons to work a side hustle but you need to find balance. While a side hustle can help you reach your financial goals faster if it is at the expense of having a life or damaging your relationships then it may not be worth it. Make sure you always evaluate why you are side hustling and make sure it is worth it to you.
What are your reasons for hustling or stopping a hustle? Let me know in the comments!