I've had this idea hibernating at the back of my brain-thing for a few years now, but never got around to really making the effort to wake it up...
Can I come up with 100 easy Side Hustles each of which bring in a certain amount of money a month to cover X% of my expenditure...
I'm a bit reticent to put figures on this as a goal, but here's an ambitious and modest couple of scenarios...
| Optimism | Ave income per month | Total Hustle Income | Expenses covered |
|---|---|---|---|
| High | £20 | £2000 | 100% |
| Low | 4 | £400 | 20% |
So my approximate monthly outgoings are around £2000 a month, which means if I can find 100 Side Hustles paying an average of £20 a month each then they'd cover 100% of my income.
I don't think that's very realistic!
However the 'low optimism' scenario I think is VERY achievable... an average of just £4 a month.
And that's a nice minimum meaningful level as that's 1 day of paid-work! So worth it!
When I start exploring side-hustle options more broadly it's inevitable I'll discover a range of incomes from different hustles... ranging from maybe several hundred pounds a month to £1 or £2 a month.
It's basically an initiative, project, or work you do besides your main job through which you earn extra income on the side.
Some of the ones I've come across which I'll be writing more about later...
Most definitions online refer to a side hustle as a job or occupation besides your main job as being a side hustle - which would mean doing 8 hours work in a bar or cleaning would be a side hustle, but I'm discounting these as there's no real 'hustle' involved, they just mean working for someone else!
If I included these, getting to 100 would maybe be too easy, but I'm keeping the option open, I mean doing some cash in hand cleaning for your neighbour kind of feels hustle-like, doing it for a company doesn't!
Obvious question: two answers...
I'm looking forward to getting research, if you have any ideas of what works for you, drop me a comment!
