It seems like everyone has a side-hustle these days. Yet, according to a recent article on CNBC, research shows that these side gigs may not be all they’re cracked up to be. Sociologists, Arne Kalleberg and Alexandrea Ravenelle explain there are caveats to consider before you invest time and energy into a side hustle.
Side hustles seem like easy and fun ways to make a quick buck. According to Kalleberg:
“Side hustles always sound like they’re going to be this cool, entrepreneurial activity…That’s part of the PR and the lure of these platform companies — that you can work and make money whenever you want and be flexible. But that’s not always the case.”
Research shows that side hustles require lots of time, energy, and money up-front, and it can be a while before your side hustle turns into a profitable endeavor. Turning your hobbies and passions into cash may sound like fun, but it actually make your favorite pastimes into tedious, energy-sapping hours on the job. As Ravenelle reminds us,
“Every hour that you spend working is an hour that has to come from somewhere else in your life, whether that’s sleep, leisure time or your time with family and friends.”
Finally, but importantly, it’s not as easy as you’d think to keep your side-job and full-time job separate; sometimes, you find yourself managing your side-gig during work hours. Though there’s a lot of pressure to have a side-job these days, it just might not be worth it.