Have you ever thought about what would happen if you suddenly lost your job or if your company had a tough year and started letting people go? What would you do? Many of us have 9-5 jobs that we’ve been happily settled into for years and that’s a pretty great thing – but having a backup plan means some extra security just in case. And, there’s really something reassuring about that. No matter what your career goals – whether it’s to stay at the same company for the long haul or if you’re using your current position as a stepping stone to the next, it’s time to start thinking about a side income. It may sound like too much work or like it’s an extra time commitment that you’re not prepared for, but here’s the thing: it’s a backup plan and there’s nothing wrong with that. Not sure this is for you? Let’s take a look at six reasons to explore a side income.
6 Reasons to Explore a Side Income
Bottom line? It’s an awesome way to make more money. There’s something pretty great about seeing those dollars stack up in your savings account. One of the easiest ways to do that is by making a little extra income on the side. Save it for a rainy day, build up a savings or buy something you’ve been dreaming of.
Network. Network. Network. We’re always talking about how important it is to network – to grow your career and meet lots of cool and interesting people. Well, adding a side business to your day to day will give you more interaction with more people, all doing great and different things than your 9-5.
Too much free time? It’s a productive way to spend some of your free time. We all need time to relax, that’s for sure, but spending too much time binge watching television or taking naps can feel unproductive. Try filling up some of your time with a new side biz. It will keep your brain working, learning, and creative.
It’s a new and interesting challenge. It’s easy to get lost in the 9-5 workplace, slugging away and not doing much else. Adding in a new challenge for yourself will help keep you on your toes and keep life pretty interesting.
Broaden your experience. Want to build up your resume even more? A side job will help you do that in no time flat. No matter what type of work it is, you’re working and adding valuable skills and experience to your repertoire.
Security. Having an extra income means adding a pretty awesome layer of financial security to your bank account should things with your full time job ever fall apart. We live in a pretty challenging economy these days and it’s tough to know what to expect and what’s reliable. Add some backup work to your weekly routine and you’re covered, just in case.
Have you ever thought about adding some side income to your life and career? What’s stopping you?
