Young people like myself tend to love a good side hustle. I know this because people are constantly searching for information about the topic. Many of them find there way through one of our side hustle articles.
But since we don’t have too many posts on the subject (you can never have too many posts, am I right?), I assume searchers would like more. Plus, many of the Phroogie blog subscribers already work side hustles. It’s not easy juggling a full-time job plus a side hustle. But it can be done. Here are ways keep your day job while starting a new adventure.
1. Understand Your Goals
Working both a full-time job and a side hustle means you’ll be stretched thin. You’ll be pushed and pulled in many directions. You’ll look like Gumby being tortured. And you’ll constantly wonder if you should commit yourself more to your day job and forget the side hustle.
Create financial goals aligned with your values. This is why goals are necessary. What exactly do you want out of life? Do you want your full-time job to always be there? Do you want to take the hustle full-time? Can you afford to do that?
If your full-time job is necessary in order to keep food on your table, keeping the full-time job must be your primary goal. Once you start bringing in good income from the side hustle, you can shift to a new goal. Your new goal may be to take the hustle full-time. Or, you reach a point where you don’t want it to grow anymore.
Knowing your goals means making time decisions will be easier. If your goal is to keep your full-time job – that should be your focus. If your goal is to go out on your own ASAP, your side hustle deserves more attention. Goals help decision-making.
2. Maximize Your Time
Ah, time. There are only so many hours in the day. When working two jobs, you must cut out as many time-wasters from your life as possible. Time is similar to money. Phroogal founder, Jason Vitug, wrote in his book, You Only Live Once, that “time is the most valuable asset you own.” So, don’t waste it.
Here’s a quick list of common time wasters:
- Unnecessarily long commutes
- Doing simple tasks you could outsource to a VA for little money
- Hanging out with people you don’t really like
- Watching TV even though you don’t know why you’re doing it
- Trying to cook everything from scratch
Find ways you waste time and do your best to eliminate them. The current time-waster I’m trying to eliminate is shopping. I need a better routine so I spend less time doing it each week. Are you spending a lot of time sifting through your social media feeds? You have time for a side hustle.
This is really hard for some Phroogies like myself. It’s hard to give up money you’ve earned. But math doesn’t lie. Let’s say you make $20 per hour writing. You can spend an extra $5 per day buy conveniently packaged groceries which make meals far less time-consuming. This could save you an hour each day. You are now $15 ahead by spending $5 more each day on groceries. That works out pretty well, doesn’t it? This is why outsourcing makes sense. Even though it’s so hard for me to do.
Outsourcing is hard but often necessary to build a business. Fiverr is a great resource for dipping your toes into the world of outsourcing. You can find anything from cheap meal plans to cheap graphic designers.
4. Consider Whether You Should Tell Your Employer
Should they know about your side business? The answer differs on a case-by-case basis.
First and foremost, make sure you’re not breaking any employer contract rules by running your side hustle. Check all employment contracts such as a non-compete agreement. If you break the contract, you risk your entire side hustle as the company may sue you.
I used to work for a financial tech company. My boss heard about one of his employees working a job on the side that was taking up a lot of their time. He told me he wished he didn’t know about it. He said he always wonders if her mind is elsewhere now. I get it. Take the time to ask yourself if your employer should know about the hustle.
Keep your sanity
You probably started your side hustle because it’s interesting to you. Make sure you keep the passion (and your sanity) in-tact by relaxing every now and then. People do have breaking points. Don’t test yours. Remember, #TheSmileLifestyle advocates for personal growth while being happy. Don’t put either in jeopardy.
Find ideas to earn or make extra money and put that cash towards your goals. Check out our list and come back often as we update and add new ways to make and earn money.