Get a Side Gig As a Strategy to Pay Off Debt

The freelance economy is growing. According to a 2014 study done by the Freelancers Union, about 34 percent of Americans are freelance workers. That number is expected to jump to 50 percent by 2020! You may be interested in making extra money on the side and keeping your 9 to 5. An excellent way to do this is by starting a side gig. This way, you won’t have to get a second job doing something you hate. You can continue to live your life and it won’t take years to pay off debt.

Some more reasons for side gigs:

Side Gigs
Source: Pixabay
  • Provides extra security if you lose your job
  • Can help you save for your dreams, like vacations and weddings.
  • Can help you pursue something you love, such as writing.
  • You may be able to leave your current employment.
  • You can generate passive income.
  • You can take your blog to the next level if you have one.
  • Provides freedom, flexibility and travel.
  • Can help you make a difference in the world.
  • You can save for an emergency fund.

Not sure what to do for your side gig? Here are some ideas:

  • Writing
  • Blogging
  • Selling on Etsy, Ebay, or Craigslist
  • Data Entry
  • Transcription
  • Proofreading
  • Editing
  • Uber or Lyft
  • Sell courses on Udemy or Teachable
  • Sell photos
  • Customer Service (Call Center)
  • Virtual Assistant
  • Micro Tasks on Amazon Mechanical Turk

In Conclusion

Starting a side gig is an awesome way to make extra money to pay off debt. You may find that you become extremely successful if you dedicate yourself to a project. Make sure you frequently research the latest trends in what you are doing. Stay on top of the competition. You’ll have to really work for it. Entrepreneurs are driven.

If you do put in the work and find success, you may wish to share what you know through a blog of some sort. This is a good way to make a name for yourself in the freelance realm. You can set up affiliates and generate passive income on a blog. It’s a popular side gig and if you research it, you can master that as well.