How to Stay Motivated with Your Side Hustle

Whether working as a freelancer, having a side business, or using a gig app, more and more people are taking part in the gig economy with side hustles designed to increase their income.

With a side hustle, you can pursue something you are passionate about, but it is not always easy to find the motivation to do so. But because of the importance of doing your side hustle regularly, it is important to find ways to stay motivated.

Look for More Passive Income Streams

Even the most motivated person can only work so many extra hours between work and a side gig before burning out. The most effective side hustles are ones that you can do long-term since this can help you build wealth. That’s why it’s a good idea to look for a passive form of income to add to your money-making endeavors.

Investing is a great way to put existing funds to work for you. You can often get a higher rate of return on investments than a checking or savings account, and this is a great way to fight erosion of your money from inflation. One way of investing is through rental properties.

You don’t even have to purchase an entire home, since you can get shares of various properties to add to your portfolio. Plus, you can experience some potential tax benefits with the qualified business income deduction, an advantage for small business owners to be able to keep more of their earnings so they’re able to reinvest.

Finding a Hustle You Love

If you already have a job you don’t love, it is especially important to make sure your side hustle is something you like or at least don’t dread doing. Consider whether your talents and interests currently match up with what you are doing and consider whether there is some other way to manage your time.

If you are organized or like working with others, consider taking on some virtual assistant work. On the other hand, you could make some money with a side business if you are good with social media and have the skills to grow your account. Setting goals will help you stick to doing the things you love.

Finding a Good Schedule

One of the benefits of freelancing, doing gig work, or being an independent contractor is that you can decide when and how much to work. In fact, the ability to choose your own schedule is often one of the determining factors in whether you are an independent contractor or an employee.

Gig work lets you pursue your career and put your free time to work for you. This can help you set your priorities straight because you control a lot of the semantics.

Because of the ability to choose your own schedule, you will need to have good time management skills since it is ultimately up to you to decide when you will fit your side hustle in.

Make a schedule and ensure you stick to it. Taking things a bit slower at first will help you gradually get into your side hustle. That way, you can determine how much you can realistically take on. If you do too much at once, you might feel burned out and unable to continue.