Latest news with #sidehustles
Daily Mail
a day ago
- Business
- Daily Mail
I'm 24-year-old with £80,000 in savings - here are the things I'd NEVER spend money on so I can retire at 40
A young woman who is 'hoping to retire early' has revealed the items she would 'never' spend her money on. Mia Rose McGrath, who is 24 and has £80,000 in savings, hopes to retire by the time she's 40. She currently lives in London in a zone 2 flat that she shares with her partner and split the rent and bills equally. Mia hopes to 'soft retire' by the time she's 40 - meaning she will likely still do part time work or things she's 'passionate' about, but won't need to work full time to 'stay alive'. As well as having 'side hustles' which she credits with gaining her £10,000 in the past year, there are certain things Mia doesn't spend money on to help her save. She says she will rarely spend cash on things like takeaways and coffees - only having them when she's with friends. 'These are the things I just don't spend money as a financially responsible 24-year-old who wants to retire early,' she said in her TikTok video, which has racked up more than 500,000 views. The first thing on her list is takeaways - and she says she doesn't even have the Deliveroo app on her phone. However, she makes an exception if she's hanging out with friends. She explained: 'I won't get a takeaway if I can't be bothered to cook. If you can cook really good food, you just don't need to get a takeaway. 'And also, eating in the actual restaurant is so much nicer.' In a similar vein, she also doesn't usually treat herself to a coffee or a pastry - but still gets them with friends. 'I don't see the point of buying one every single day. They're four or five pounds sometimes. That really adds up,' she added. The third item on which she's unwilling to splash the cash is home decor and trinkets, instead collecting them over time when she's given them as gifts. Mia referenced the viral 'labubu' trend - 'monster toys' that have grown popular on social media - and said she would never be caught buying one. She also doesn't buy 'extra' make-up and skincare beyond the 'capsule' collection she sticks to. She said: 'I couldn't tell you the last time I tried out a new product. I really just stick to the same routine of the same essential products and I just top up when they run out.' When it comes to alcohol, Mia said the maximum she'll spend at a time is around £15. 'I'm just not a big drinker. If I'm out with friends, I'll probably just have one or two,' she explained. While some people praised her for her 'sensible' financial decisions, others were worried she's not having enough 'fun' in her 20s. Taking to the comments, people wrote: 'No hate, but what do you do for fun? There's a fine line between being sensible to save money and doing/ buying nothing. You should set some cash aside for treats'; 'Remember to enjoy life as well, I'm 31 and saved a lot during my 20s and now have £200k+ savings, does it make me happy, not really'; 'I thought this is normal... I guess I'm just poor lol'; 'At your age, you're going to make an incredibly big positive difference to your (early) retirement by investing with the savings you're making with these choices'; While some people praised her for her 'sensible' financial decisions, others were worried she's not having enough 'fun' in her 20s 'This is fantastic. I'm exactly the same. Most people love wasting money and they hate seeing others being frugal, because it illustrates their bad spending habits'; 'The amount of money I've wasted on takeaways just to feel awful after eating them anyway is scary.' In another video, Mia revealed there are some items she will splurge on. These include experiences, buying whole foods and renting a nice flat. She also revealed how she's managed to save £80,000 at just 24 years old, revealing she hopes to increase it to £100,000 this year. Mia said she always. 'pays herself first', paying money into her savings account at the start of each month She also credits her savings to becoming 'financially literate' and learning about the stock market. She said that she's spent time 'living below her means' and when she was living at home and had disposable income, saved it towards a home deposit. The financially savvy TikToker emphasised the importance of her side hustles - which include modelling, UGC, content creation and affiliate marketing. In addition, she's done two placements and has been working full-time, saying it took her around five years to reach the savings goal. Though she and her partner split their rent and bills equally - due to being the same age and earning a similar salary, she admitted other things have a 70/30 split. Mia believes the 'man should be trying to impress a woman a little bit more' as it keep the romance alive - for example, she will be spoiled by her partner for Valentine's Day and on birthdays.
Yahoo
5 days ago
- Business
- Yahoo
7 Summer Side Hustles That Can Pay $1,000 a Week or More
As school lets out and the weather heats up, it's time to get a summer job! Even if you already have a full-time gig, summer side hustles are a great way to earn extra income — and you don't have to be a teenager or a teacher to work one. Explore More: For You: Depending on the amount of time and effort you put in, these gigs could even pay a grand per week and often higher. And the best part is that you don't have to quit your day job. Here are seven popular side hustles for the summer season that could pay $1,000 a week or more. Landscaping is a popular summer side hustle that has the potential to earn $1,000 per week if you land enough hours without having to cover a ton of start-up costs. Whether you start your own small business or join a local landscaping company that's looking for short-term help, the pay often ranges from $18 to $35 per hour or even more, depending on the market. Mowing lawns or general yard maintenance is in high demand during the summer months, and if you make $35 an hour, that means you would have to work just under 29 hours a week, which technically means it doesn't have to turn into a full-time affair. That's Interesting: Looking to get that summer bod while also making some extra dough? Becoming a mover is a way to do a 2-for-1 workout and side hustle. Moving can pay good money and it's a great way to earn cash with a pretty flexible schedule. There are plenty of weekend hours available if that fits around everything else you want to do this summer, or you can find moving companies that are hiring just about anywhere in the country. Though the hourly rate typically hovers just around $20, you can also count on getting tipped by many grateful customers. Freelancing is the original side gig, whether you do it in the summertime exclusively or all year round. If you have a knack for web development, why not try to turn that into an additional money-maker (that allows you to work inside and stay cool)? The estimated pay range for this gig is wide (generally anywhere between $30 to $75 per hour) as it depends on your experience and the complexity of the project. However, even on the lower end, you would still easily clear $1,000 a week with a part-time schedule. Make sure you leverage your skills and flexibility to maximize your hourly rates. The average pet sitter can earn about $17 an hour for taking care of furry friends while their owners are on vacation or out to work. That rate of pay goes up — often upwards of $25 or more — depending on if there is additional care the pets need, specialized training, or the requirement to stay at home with the animal for days at a time. If you pick up a few furry clients for this side gig, you can also segue into dog walking as another way to increase your earning potential within the same customer base. You can start with friends and family and then organically grow your services throughout your neighborhood and beyond by advertising on social media or simply depending on word of mouth. There are some big bucks to be made this summer by tutoring students who might be taking an additional semester of classes or looking to keep up with the material while on break. Either way, you can make a good amount of dough by aiding in their studies with private tutoring sessions, either in person or online. You can earn approximately $35 per hour, according to ZipRecruiter. Many parents still want their children to continue their education over summer or prep for the year ahead, so tutors are still in demand. Just by making the average rate, you would only have to work between 28 and 29 hours per week to clear $1,000. Food delivery gigs are a lucrative method to add some extra money to your checking account this summer. Popular companies like DoorDash, Instacart and Uber Eats pay you to deliver food to people whenever you are willing to work a shift. Keep in mind that you'll earn more by working in high-volume areas at peak hours revolving around mealtime. Delivery-based side hustles pay about $15 to $25 per hour, but don't forget about customers adding a tip to each transaction. Summer means that not only is it the time for barbecues and vacations, but it is wedding season as well. Rather than try to scrounge up catering jobs at the local event center, try your hand at officiating weddings. Each year, a couple million weddings take place in America, with an average cost of about $33,000. Officiants are always needed to make the marriage official, which means you can set your price starting around $200-$300 an hour. Most officiants are required to arrive an hour before the ceremony, stay through the nuptials and perhaps take a few pictures, which means that you could earn $1,000 in one day or a couple grand with multiple weddings in a week. More From GOBankingRates These 10 Used Cars Will Last Longer Than an Average New Vehicle 10 Cars That Outlast the Average Vehicle This article originally appeared on 7 Summer Side Hustles That Can Pay $1,000 a Week or More Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
7 days ago
- Business
- New York Times
Don't Call It a Side Hustle. These Americans Are ‘Polyworking.'
For a growing number of Americans, juggling more than one job, or 'polyworking,' has become just another day at the office. The number of people with multiple full- or part-time jobs climbed to over 8.9 million in March for the first time since 1994, when the Bureau of Labor Statistics began tracking the phenomenon, before ticking down slightly in April. As a practice, it's not so new. Think 'moonlighting.' But as a term, polyworking (and the similar 'polyemployment') is more recent. It began cropping up in human resources research and in traditional and social media after the Covid-19 pandemic as an upbeat spin on millennial workers' reputation for taking on side hustles, trying to monetize hobbies and eschewing 9-to-5 work. How it's pronounced 'It's a way to take back ownership of work and one's career in a meaningful way, pushing back against the sense that you are identified by one job, one employer,' said Erin Hatton, a professor of sociology at the State University of New York at Buffalo who studies the labor market. Want all of The Times? Subscribe.
Forbes
13-05-2025
- Business
- Forbes
How Millennials Working Multiple Jobs Can Avoid Burnout
Millennials working multiple jobs risk burnout without a clear strategy. The traditional career path has fundamentally changed, creating a generation on the verge of burnout. While previous generations committed to a single employer, Millennials are finding that they need multiple jobs to support their lifestyles, often sacrificing their mental health in the process. According to research from Academized, 52% of Millennials are working side hustles to supplement their income, with a quarter juggling three jobs and a third managing an incredible four or more income streams simultaneously. This phenomenon, called "polyworking," represents more than a passing trend. It's a response to economic necessity. As wages continue to trail rising living costs, many Millennials need multiple income sources to stay afloat financially. But at what cost? Let's explore the strategies and tactics Millennials can use to avoid burnout while juggling multiple jobs. Several factors make Millennials particularly likely to pursue multiple jobs: Millennials face financial pressures, including student loan debt and stagnant wages, making supplemental income necessary. According to Academized's research, Millennials with side gigs earn an additional $12,689 yearly, with some tech freelancers pulling in an extra $45,000 annually. Digital platforms and remote work opportunities have dramatically lowered barriers to entry for side gigs. Academized's survey found that 35% of Millennials use digital and AI tools to manage their side hustles, especially in tech fields. Having witnessed multiple economic downturns, Millennials have learned that diversifying income sources provides insurance against job loss. The traditional notion of job security has been replaced by career security built on multiple revenue streams. Many Millennials prioritize flexibility and meaning over traditional career advancement. Working multiple jobs allows them to pursue passion projects alongside more practical income sources. While financial needs often drive Millennials to work multiple jobs, several less obvious benefits exist: The psychological security of having multiple income streams allows polyworkers to take more calculated risks with their careers. Skills developed in one role often enhance performance in others, creating a virtuous cycle of improvement. Having professional connections across multiple industries creates opportunities that would otherwise be unavailable. When you're not dependent on a single employer, you gain leverage to set boundaries and decline projects that don't serve your well-being. Despite these benefits, the burnout risk is real. New research from Moodle reveals that two-thirds (66%) of American employees today are experiencing burnout, driven by: The Academized survey also shows that 42% of Millennials managing multiple jobs experience burnout due to extended work hours, with 26% reporting personal relationship issues. If you're among the growing group of polyworkers, these strategies can help you maintain multiple jobs without sacrificing your well-being: Not all polyworking arrangements are created equal. Consider these common models: Successful polyworking requires clear separation between different roles: The most successful polyworkers build recovery time into their schedules: Be vigilant about early signs of burnout: Working multiple jobs is more sustainable when you have specific financial targets: Perhaps most importantly, recognize when polyworking is no longer serving you: Millennials are actively diversifying their income streams, driven by economic pressures and a desire for financial independence. The Academized survey found that 58% of Millennials plan to maintain multiple jobs or income streams long-term, suggesting this trend is here to stay. The key to sustainable polyworking lies in strategic planning. By choosing complementary roles, creating clear boundaries, and prioritizing recovery time, you can build a career that provides financial security and personal fulfillment without risking burnout.
Forbes
12-05-2025
- Business
- Forbes
4 Side Gigs Earn Up To $30k Annual Income For Full-Time Workers
Side hustles are no longer optional in today's economy. Many American full-time workers need ... More lucrative side gigs like these to keep up with rising costs. Gig jobs are not longer optional in today's tight economy. Amid the rise of financial uncertainty and inflation, more people are turning to flexible online work, including freelancing, e-commerce and AI-powered content creation to keep up with skyrocketing costs. One reason side gigs are becoming the new normal is that workers are tired of the stress and uncertainty in a job that could end at any moment. Side gigs give you the autonomy to be the captain of your own ship, instead of a passenger whose fate is determined by big business that might not have your best interests at heart. Statistics show that 71% of Americans are searching for secondary income sources through side gigs. As prices soar and the new administration continues making cuts, the economy is tightening, and AI advances are causing massive layoffs. Here are five reasons you need a side gig in the 2025 job market: to increase your income, reduce financial stress, gain more opportunities, enjoy more flexibility and save time with job searches. I spoke with Avery Morgan, CHRO at EduBirdie, and she told me that extra money isn't really extra anymore, that it's a necessity for many of today's workers. 'For many Americans, side hustles aren't optional in today's economy, they help them to keep up with rising costs, uncertainty, and evolving career priorities.' Morgan cites statistics showing that nearly 39% of employed adults already earn extra income, and another 17% plan to join them soon. she points out that for 41% of workers, that extra cash already goes to make ends meet. 'And with Trump's tariffs projected to cost the average household $1,200 a year, according to the Peterson Institute for International Economics, low- and middle-income Americans could be hit much harder,' she asserts. A new survey from the global online tutoring platform Superprof reveals a growing shift in how Americans are approaching side gigs. One in three survey respondents said they're willing to dedicate five-to–10 hours a week to online work. Respondents say the top five online money-making activities they're involved in are taking online surveys, online investing, freelancing, selling on e-commerce platforms and testing websites and apps. You can find more high-paying side hustles, requiring no experience here. Morgan argues that, if you think side hustles aren't worth it, you're wrong. She notes that in 2024, the average gig job brought in $891 per month (that's over $10K per year), with nearly 19% of people earning over $1,000. The best part, she underscores, is that many of the side gigs can fit into your schedule without overwhelming your day job. She lists four lucrative side gigs that can earn top dollar: 'Good writing skills are still in demand, no matter what they say about AI,' Morgan insists. 'The ability to break down complex ideas and make engaging, thoughtful content can easily turn into a lucrative side hustle.' She points out that many coaches, executives or creatives are looking for someone to help them with their writing, such as LinkedIn posts, podcast scripts or online course modules. She emphasizes that they need this assistance on a regular basis, willing to pay about $500-$2500 per month. 'You don't need many clients to get started,' Morgan notes. 'Just offer your services to people you know, or email someone directly on LinkedIn. If you have strong writing skills, it's a great way to earn extra income remotely. Plus, you'll get to learn from industry pros and build valuable connections.' Morgan points out that an empty garage, parking space, shed or even your backyard can all be turned into extra income. 'On platforms like Neighbor, Spacer or Peerspace, it's simple: take a couple of photos, list a price and place an ad. A garage or shed can be rented out to store other people's stuff, it can bring $50 to $300 a month. And your backyard can get you $100-$1000 per booking, if you host photo shoots or small events. Another option is to rent out things you have lying around, such as power tools, marquees, barbecues, sports gear or musical instruments. Altogether, it can bring from $500 to $2000 per month.' 'If you like plants, try growing simple succulents or cacti at home. They are unpretentious and do not require much care,' Morgan recommends. 'After one to two months, you will have accumulated mature plants you can use to make sets like 'a gift for a colleague' or 'greenery on the desktop.' She suggests selling them on sites like Etsy, eBay, or Amazon Handmade. 'It takes about $50 for pots, soil, and the first plants to get started," she explains. 'From there, all you need is a little time for plant care and sorting out the delivery. Selling three to five kits a week at $20 to $40, you can make $300 to $1,000 a month doing this in your free time.' Morgan mentions that you can earn money simply by sharing your opinions on buying goods, services you use or just your experience. 'These sessions are held online, often via video and typically take 30 minutes to an hour,' she explains. 'You can get $50 to $250 per participation.' She recommends that you try sites like User Interviews, and Prolific, which target working professionals, parents or niche audiences. 'To get started, just sign up, fill out your profile and respond to offers,' she advises. 'Even if you only participate in 2-3 surveys a month, that's already $200-300.' advises employers and job seekers to prepare for a potential hiring surge starting this month. May is the peak month for people to quit their jobs, with 27% of resignations each year happening during the month of May. If you're tight for income, side gigs can help you get ahead and stay on your feet in this fast-changing, uncertain economy.
