Four Reasons to Run a Side Hustle

Whenever I hear the word "hustle" or "hustler" I think of dirty magazines. Not such a great connotation for a name I get called weekly. But people don't mean it in a bad way, they are actually just referring to the fact that I have a lot of things going on - aka, the side hustles. 

I have actually turned in multiple areas in my real estate career into various "side hustles" to combine into my regular "work." 

I hold down a regular (amazing) consulting gig, run three companies, sit on two real estate related Boards, own a portfolio of rental properties and have a pretty amazing family life. How, may you ask, do I hold down on all the hustles? You know the saying, "Do what you love, and you’ll never work another day in your life," well that's me. I freaking love all things real estate. 

ANNNNNDDDD (please note the caps lettering here), I have designed my hustles to work around each other. For my consulting gig, which is a large portion of my income, I was sure to be a part of a company that shared my same entrepreneurial values. That valued my time and knowledge, more then me clocking minutes sitting at a desk. I own companies that i can mostly automate. And, well the real estate portfolio, there's nothing really passive about that, but we have designed our family life accordingly. My husband "retired" from his 9-5 about 6 years ago allowing him to manage our day to day work on the real estate portfolio. So you see...the mingling of side hustles did not happen over-night, but took years to create a balance between one another. 

In addition to my LOVE for real estate, for me, the side hustle is essential to me (and for so many others) for these four reasons: 

1. Multiple Revenue Streams: Every good hustler knows the average millionaire has 7 streams of income. How many do you have? Can you survive financially if one of them falls? I find financial security in my side hustles.

2. Sense of Purpose: Having a full time job can be wonderful, but a side hustle can leave you invigorated and give you a new sense of purpose. Working for yourself, even on the side, can bring you a new sense of joy.

3. Risk Aversion: Think back to #1. Multiple Revenue Streams. You know the old saying “don’t put all your eggs in one basket”….well, don’t!

4. The Opportunities: A regular job can support the network you’re building, but you’ll find a side hustle can provide you with limitless opportunities to create your own wealth.

Interested in finding out whether you're meant for the side hustle? Check out my side hustle quiz here!

Here's to the hustle my friends.

Michelle, AKA Real Estate B.O.S.S.