Why Aren't More Millenials Starting Side Hustles?
This afternoon while I was checking e-mails I saw an e-mail in my box from Redfin titled "Redfin Survey: 36% of Millennial Homebuyers Took a Second Job to Save for Down Payment"
I was kind of surprised it was such a large percentage of millenials taking second jobs to buy a home. This is the supposed "lazy generation" so it's cool to see they are doing what needs to be done to get what they want.
The second thing that came to mind was "man working a second job sucks". I've worked 2 and even 3 jobs and I can tell you the last thing you want to do when you get home from a long day at work is to get dressed and go to another job for another couple hours.
It also got me thinking about some of my side hustles. Take Amazon Merch for example. Amazon Merch makes me about $1,000 per month. If I had a part time job making $15 per hour, which I think is on the higher end of what part time jobs pay, it would take me 66 hours to earn the same amount as I do on Amazon Merch. That's 16.5 hours per week.
Now Amazon Merch is hard work at times, but what's nice is it's fairly flexible. Sometimes I'll work really hard for a few weeks and then take a week, or two, or even three weeks off. You can't do that with a part time job. Oftentimes when I'm designing and uploading to Merch it's in the evenings when I'm hanging out watching tv with my girlfriend. This got me thinking, which would you rather do?
Would you rather have to go work a part time job, or would you rather do a side hustle from home that offers some flexibility, that actually has the possibility of going somewhere and doing something bigger, and just doing something for yourself that you know you created? For me I'd much rather take the side hustle route.
Millenials are okay with working hard, I just wish more of us would work smart and start our own things.
Your thoughts? Drop a comment below...
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