Is Your Side Hustle Actually Making You Money? Is the extra income going toward luxuries or savings?
By Phil Town
Opinions expressed by Entrepreneur contributors are their own.
Many people are involved in side hustles today. This can include driving for Uber, running a shop on Etsy, or completing graphic deisgn projects and other forms of reliable sources of revenue.
In this video, Entrepreneur Network partner Phil Town notes that side hustle income is often treated like luxury income. The money is often used by people to buy luxury items, rather than being put toward savings. Whether you're making an extra $50 or $500, you must have a plan before the money is in your hand.
Some smart moves to make with your side hustle earnings include putting more money into your retirement and more into your investment portfolio. You can even invest further into your side hustle, so that one day it will blossom into a full-time, discernibly lucrative job.
Click the video to hear more.
Related: How You Spend Your Money Sends a Message to the World
Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.
Click here to become a part of this growing video network.
