I’m here to share some honest insights on when to embrace that additional gig and when it's time to step back.
If you search for “side hustles” today, you’ll find a flood of suggestions and resources aimed at helping you hustle your way to financial success. Save your energy, though — as someone who's navigated this path, I’ve explored countless options, only to find myself exhausted by the process.
I’ve been there, juggling multiple gigs — from being an extra on TV shows to completing paid surveys and even delivering cupcakes (yes, really). While side hustles can indeed provide a fantastic way to boost your income, a perfectionist mindset can lead to burnout. Here are key lessons I learned while balancing my various roles.
Be Purposeful
My venture into side gigs began when I was transitioning between stable jobs. However, even after securing more consistent work, letting go of side gigs proved challenging, as they often became burdensome.
“Side gigs are most beneficial when approached with intention,” says Adam Hardy, a gig-economy expert. “Setting a financial target, like paying off debt by delivering food on weekends, or gaining experience in a new field through freelancing can make a real difference. Achieving these goals doesn’t happen by chance.”
My Key Insight: Don't hesitate to release a smaller income source when a larger opportunity arises. This shift can free up your energy for more rewarding work, allowing you to use your time wisely.
Remember the 'Side' in 'Side Hustle'
“If your side hustle starts covering your essential expenses, it’s time to consider a change,” Hardy advises. “Gig income is often unpredictable. If something unforeseen happens, like an injury or a vehicle issue, you may struggle to meet your bills, leading to stress.”
My Key Insight: I realized I was spending more on gas to reach side gigs than I earned, which took a toll on my mental well-being, especially with the traffic in LA.
Evaluate the Cost vs. Benefit of Each Gig
Dr. Kathleen Hall, founder of The Mindful Living Network, suggests assessing the cost-benefit ratio of your side hustles. This means making a detailed list of pros and cons. For benefits, consider how the job aids your career, like networking opportunities. Even if the gig isn’t ideal, does it connect you to larger possibilities?
On the cost side, reflect on the negatives: long commutes, difficult coworkers, low pay, or feeling drained every day. Take time to think through your list critically.
My Key Insight: During my time in the entertainment industry, being an extra was tough and not very lucrative. Yet, it helped me connect with key people that led to bigger opportunities. This experience taught me to consistently evaluate the purpose behind my side jobs and retain those that align with my long-term goals.
Prioritize Self-Care
My Key Insight: Being kind to yourself involves recognizing how many hours you can realistically work. Understand what you need from each side gig, and know when it’s time to step away.
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