Side Hustle
Search documents
More Than Half Of Gen Z Has A Side Hustle As 9-To-5 Jobs Lose Popularity
Yahoo Finance· 2025-09-18 17:31
Group 1 - The side hustle culture is significantly more prevalent among younger generations, with 57% of Gen Z engaging in side hustles compared to only 21% of boomers [1] - More than half of young professionals are opting for side hustles and investments over traditional W-2 jobs, viewing them as essential for financial success [1] - Career minimalism is influencing Gen Z's approach to income, treating day jobs as a foundation to support their side hustles rather than a long-term career commitment [2] Group 2 - Side hustles are increasingly seen as viable full-time career opportunities rather than just supplementary income sources [3] - Gen Z values flexibility in their careers, which side hustles provide, allowing them to prioritize experiences like travel and family time [3] - The traditional career ladder is being abandoned by Gen Z, who prefer the autonomy and project-based earnings that side hustles offer [5] Group 3 - Side hustles empower Gen Z by giving them more control over their income and reducing vulnerability to layoffs, as they can maintain multiple income streams [7] - The corporate ladder often lacks flexibility, making it difficult for individuals to advance based on merit rather than connections [6]
Ramit Sethi: 5 Easy Side Gigs To Help You Build Wealth
Yahoo Finance· 2025-09-15 15:19
Core Insights - The article emphasizes the importance of side hustles as a means to earn extra income and build wealth Group 1: Side Hustle Opportunities - Online tutoring is highlighted as a lucrative side hustle, with a high demand for English educators globally [3][4] - Data analysis is presented as another viable option, with companies seeking individuals to help interpret their data, making it accessible for those with basic skills in data entry [5][6] - Photography is noted as a high-paying skill, with some photographers charging up to $150 per hour, providing numerous opportunities for creative individuals [7][8]
This influencer is using her social media accounts to help retire early from the corporate world — here’s how
Yahoo Finance· 2025-09-13 17:00
Core Insights - Influencer Taylor Hayes is leveraging her brand deals and growing follower count to aim for early retirement while maintaining a full-time corporate job [1][2] - The trend of side hustles among Americans is declining, with only 27% of adults currently engaged in one, down from 36% in 2024 [3] - Hayes allocates her side hustle earnings strategically, with a focus on retirement savings and high-yield savings accounts [5] Group 1: Taylor Hayes' Journey - Hayes began her profitable side hustle after being laid off, realizing the need to catch up on retirement savings [2] - Her Instagram following increased by 100,000 in four months, prompting her to pursue brand collaborations [2] Group 2: Side Hustle Trends - The Bankrate survey indicates that 35% of respondents use side hustle income for living expenses, while 41% use it for discretionary purchases [4] - Only 28% of individuals allocate side hustle earnings to savings, highlighting a potential area for improvement in financial planning [4] Group 3: Financial Management - Hayes uses 10% to 15% of her side hustle income to pay her manager, 30% for taxes, 20% for retirement savings, and 35% to 40% for a high-yield savings account [5] - If she earns $1,000 monthly from brand deals, she contributes $2,400 annually to her retirement savings, aiding her financial recovery [6]
I Asked ChatGPT How To Build Wealth With Just a Side Hustle: Here’s What It Said
Yahoo Finance· 2025-09-10 11:11
Group 1 - The core idea emphasizes that building wealth through side hustles is more complex than it appears, requiring careful planning and execution [1] - Selecting the right side hustle involves balancing earning potential, scalability, and sustainability, with a focus on income growth beyond just trading hours for dollars [2] - Treating a side hustle like a business is essential, which includes establishing consistent cash flow and aiming for a net income of $500 to $1,000 per month as an early benchmark [3] Group 2 - Utilizing tools such as automation and AI can enhance efficiency and reduce costs in managing side hustles [4] - Prioritizing debt payoff and building an emergency fund is crucial before focusing on investments, with recommendations to use side hustle income for high-interest debt repayment and establishing a three- to six-month emergency fund [5] - Different categories of side hustles include low-barrier services like tutoring and freelance writing, skill-based hustles such as coding and consulting, and asset-based hustles like renting property on Airbnb [6] Group 3 - Financial management practices for side hustlers include opening a separate business bank account, tracking income and expenses, and setting aside up to 30% of income for taxes [7] - Before investing, it is important to maximize tax-advantaged accounts and consider high-yield savings for short-term goals, while allocating side hustle income to low-cost index funds or ETFs for long-term growth [8]