How to use gig-economy jobs to change your life

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Side hustles can change your life. But you have to be strategic about it. Here are nine tips for using a side hustle to earn serious money:

“It was more therapeutic than it was just about money,” Ha says. “I was stressed at work, sitting 10 hours a day at a computer. I figured if I could spend an hour a day exploring the city while making deliveries on the way home, it was good for my mental health. And I was getting paid to exercise.”Since you are not an employee, you can work with as many apps as you want, Ha adds. The more apps you have, the more likely you can double or triple up with jobs that can be done on the same trip.

The Internal Revenue Service estimates that it costs 57.5 cents per mile to use your car for work. That figure includes the cost of gas and depreciation on your car. Your real costs could be somewhat different. But that’s a good guesstimate to use when you’re trying to figure out whether a delivery is worth your time.There’s nothing guaranteed about side-hustle income. Some months it’s great; other months, you’re hard-pressed to find work.

That’s fine if you like your day job. But if your goal is to give yourself long-term freedom, you have to resist the urge to use this extra money for living expenses, says Ha. It makes earning enough to quit your day job far harder.

 

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