Let’s get one thing clear: side hustles are NOT a replacement for your actual job. However, a side hustle can evolve into your own business.
The goal with side hustling is to create a side income stream that can eventually become your actual income.
Using this extra money you make from side hustling, you can get rid of debt faster, save more money more quickly for retirement, and get ahead financially even if it takes years longer than planned with your primary source of income alone.
In other words, side hustling is a transitional step on the road to financial independence. It’s a way to fast-track your journey and speed up the process of achieving early retirement or reaching financial freedom.
Aside from getting a raise or a new higher-paid job, starting a side hustle might be your next best option to help you with moving forward in your financial independence journey. Check out this video for a few side hustle ideas, especially if you are in your early 20s!