Nowadays, more American workers than ever have a side hustle — an additional job (typically some kind of gig work or a profitable hobby) alongside their main form of employment. But in order to make it grow, understanding how to fund a side hustle is vital.
Taking on extra work to make ends meet or have a little extra spending money is especially common among younger generations: Nearly half of all millennials have a side hustle of some kind. That could mean one of the more lucrative side hustles like web development or design, or even driving for a rideshare service.
Let’s say your side hustle becomes successful, and you decide it’s time to invest more in your operations. Maybe you need a website redesign, an influx of new inventory, or a new piece of crucial equipment. This is the first step of turning your side hustle into a legitimate … Read more