Myth #1: Everyone needs a side hustle. — Question: While a little extra money sounds nice, do you want to risk less rest, family time, and relaxation?
Myth #2: Your side hustle will solve all your money problems. — Equipment, software, education/courses, fees, and commissions often put hustlers into the red early on and/or cut into initial profits.
Myth #3: There won’t be an impact on your full-time job. — The pull of side hustle-related messages and calls while you’re at work can be, for some, irresistible. — Make sure your side hustle doesn’t directly or even indirectly compete with your employer’s livelihood.
Myth #4: Turning your passion into profit is a dream side hustle. — Enthusiasm can wane once all the additional duties [marketing, accounting] kick in.
Myth #5: It’s easy to turn a side hustle into a profitable business. — Expect long hours and plenty of ups and downs. — Most inital side hustles aren’t successful.