Why I’d Rather Have A Side Hustle Than A Part-Time Job

Why I'd Rather Have A Side Hustle Than A Part-Time JobA few years ago, I decided I wanted/needed a way to make extra money.

I was working full-time as a financial analyst after I graduated from college, but I wasn’t making as much money as I hoped for.

I had a large pile of student loans and the small payments that I was able to make each month just didn’t seem like they were bringing my overall student loan payment down at all.

I believe my student loan minimum payments were around $500 each month, which was a good deal of money when you also added in the fact that I had a mortgage to pay for, food, pets, utilities and more.

It didn’t seem like there was much leftover, and we were hardly saving any money.

One thing I knew that I had though was time. Even though I was working full-time and I was going to classes full-time for my Finance MBA, I knew I still had some extra time where I could work towards making extra money.

The next thing I had to think about was whether or not I wanted a part-time job. I didn’t really know much about side hustling at this time, as it was still a whole new world to me. I had my blog, but I didn’t start it to make money so I was still stuck in the “get a part-time job” mindset.

Below are the reasons for why I knew I needed a side hustle instead of a part-time job:

I needed something with a flexible schedule.

Since I was working around 50 hours at my day job and attending MBA classes around 14 hours each week, I knew I didn’t have much time to fit in a realistic part-time job.

Between commuting, my day job and my classes, I was busy around 75 hours each week. I would leave for work at 7 a.m., get off around 5:30 p.m., then drive straight to my night classes until 10 p.m. each day.

Finding a part-time job that would have been very difficult. I would have only been able to work on the weekends, and I knew that I didn’t want to work 7 days a week for months or years into the future. I still wanted to keep at least somewhat of a normal life.

This meant that I needed to find something with a flexible schedule.

I decided that online side hustling was something that I wanted to try. Working online was a big positive for me because I would be able to work from home, and I would also be able to create my own schedule.

I could work in the mornings before work, on my lunch break, after I got home from my night classes, and on the weekends.

Having a flexible side job was the best solution for me.

I didn’t want to work for someone else.

Since I was already working for someone else during the day, I knew I didn’t want to continue that with my side hustle. I wanted something that I could have to myself.

I wanted to be my own boss. Also, I wanted something that I could maybe one day grow into a larger business and have it become my career. I didn’t have a game plan in the beginning, but luckily everything turned out exactly how I would have wanted it to.

I didn’t want my income to be limited.

With a part-time job, there is really only so much money you can make. You are usually limited to an hourly rate, and there are only so many hours that you can realistically work.

I knew that if I had a part-time job, there was realistically only two days where I could work – Saturday and Sunday – since I had my day job and my MBA classes usually Monday through Friday. So that would mean that even with the best part-time schedule, I could probably only work 16 hours a week at a part-time job, and it probably would have been at or close to minimum wage

However, with a side hustle, your income isn’t as limited. You can create a product or a service that is valuable to potential customers. You may even be able to create something that is passive that continually earns you money.

The options are endless with a side hustle. There are just so many different ways to make money!

Would you rather have a side hustle or a part-time job? Why?

 


Comments

Why I’d Rather Have A Side Hustle Than A Part-Time Job — 25 Comments

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  2. I would rather have a side hustle. Because my goal is to be my own boss. I would also like to do something I could leave my kids and maybe the family could work on it together. I agree with you about not wantin my income to be limited.

  3. The side hustle option is definitely the best. If you can create something that will make money while you sleep, that is fantastic. You just have to be able to work out what service or product people need and that they are willing to pay for.

    The side hustle will also be a lot more satisfying that working part-time for someone else.

  4. Limited income is one of the main reasons I hope to move away from my salaried position next year. I manage an entire department at work, which pays me a certain amount. However, with the company president dumps large projects on me with tight deadlines I get paid… the same amount. I end up working really long hours for nothing extra, and absolutely no control over when those stressful times will hit. Lately they’ve been hitting a lot.

  5. I like having both. I feel like having a day job gives me clarity, focus, and structure, and then I can be creative and have fun with the blog! I admire you for the discipline it takes to be self-employed!

  6. Side hustle. Absolutely no question about it.

    Commuting to another job would be another big pain to working a regular part-time job. Counting that, it would drop my hourly rate in a hurry.

  7. Side hustle – absolutely side hustle! – for the reasons you’ve already mentioned. I did the FT job and PT job thing for 3 years, and it was just too much. If I had a stressful day at the FT job, too bad, I still had to go work for another 4 hours. It left me with only an hour between shifts to go home, make and eat dinner, change and get back to work (thankfully the commute was under 5 minutes, otherwise I wouldn’t have time to eat!). No more of that for me, thanks!

  8. At this point, freelance work for sure. I LOVE the fact that I get to work at home so I can still be home with my babies all day. I think once they are in school, I will go get a “normal job” (too much time in front of this computer is going to fry my brain if I’m not careful), but I highly doubt I would ever give up freelancing all together.

  9. Side hustle is definitely something I want to move toward! I was working a full-time job I didn’t like and a part-time job to make up for the money I wasn’t making. Now I’m moving to a new location for a full-time job I (hopefully) will like and won’t have time for a part-time job since it’s in event planning. I’ve got to come up with some sort of side hustle to pay off some student loans! 🙂

  10. I’m a side hustle woman as well. I have an part time job in the early morning and I do freelance writing through the rest of the day and it works out for the best since my dream has always been to be a writer. I cut down my hours at my job to focus more on writing and it has been a good decision. Last weekend I made more from one project than I did in 2 weeks at my part time job.

  11. A side hustle is much harder to start up and monetize right away. That’s probably the only thing a part time job has an advantage over the side hustle. Other than that, I prefer the side hustle – you determine what it is you want to do and when to work!

  12. This is exactly what I went through about a minth ago. I figured I’d get an easy restaurant job and call it a day. But then with my crazy commute and early mornings I didn’t know when I would actually have a social life. Great perspective.

  13. It’s awesome that you’ve managed to make a side hustle into a full time job and you love what you do.

    A side hustle would be so much better due to the endless possibilities available and not just from an earning potential. A part time job means another boss, more rules, and earning limitations plus it often means another commute which just restricts the amount of time available to relax and spend time with loved ones.

  14. I’d definitely rather have a side hustle and work on my own terms and to my own schedule. Wow, that’s amazing that you started side hustling when you were working 50 hours a week at your job and also attending your classes too. For anyone who says they ‘don’t have time’ to earn extra cash, they should really read this!

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