This has got to be super common in the Bay Area because the cost of living out here is so expensive that living off a single income can be extremely hard. I know several people at KFOX who have side hustles whether it be DJ-ing weddings and events or just working at other radio stations on the side.
A new survey of 2,000 Americans with full-time jobs found 27% also have a “side hustle” or second job to bring in extra money. People with side hustles spend an average of 16 hours a week on it . . . and bring in an extra $14,705 a year after taxes. If I would have known I could bring in that much money, I would have gotten a side hustle way sooner.
The most common reason we take on extra work is to make more money. But 41% also said their side hustle is something they enjoy doing. And 37% said it’s a way to pursue one of their passions. This is a reason I see a lot in the tech industry. My roommate works for a tech company to make money but works on side start up projects because those are his actual passions.
Here are the five most common types of side hustles in 2019 . . .
1. Beauty, health, and wellness. So, jobs like hairdresser or personal trainer.
2. Art, music, and entertainment. Things like wedding DJ, or event planner.
3. Retail sales. Either an online business, or working at a store.
4. Finance. Things like financial planning, or doing people’s tax returns.
5. Home improvement. Like handyman work and gardening.
The survey also found 39% of us think having a side hustle to make ends meet is the new norm. Do you have a side hustle? What do you do?