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MoneyFix Podcast: ‘What’s a Side Hustle and Should I Start One?’

Making Money, Managing Money, Personal Finance, Shopping Tips
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.

This week, hosts Sean and Dayana talk side hustles — what they are, whether they’re worth it and how to spot scams. NerdWallet reporter Laura McMullen joins the discussion.

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Takeaway tips

Consider the following when you’re deciding whether a side hustle makes sense for you:

  • Is the work enjoyable or fulfilling?
  • Do you have talent or time you can monetize?
  • Is it financially worth your time? Calculate the side hustle’s hourly wage. Don’t sell yourself short.

Spot side-hustle scams: Watch out for companies that ask for your credit card or bank account information upfront, or advertise that they offer exclusive access to government job listings. Most of all, trust your gut.

Research the company’s reputation: Find out how it makes money, and look for reviews or complaints from others who have worked there.

Consider asking for a raise instead: If you’re looking to earn more money, you may be able to get there by negotiating higher pay with your current employer.

More about bringing in a little extra cash

50 Legitimate Ways to Make Money Part-Time

How to Make Quick Money Online

Online Jobs: How to Dodge Scams and Time-Wasters

How One Engineer Made His Hobby Pay Off

Send us your questions! Email us at podcast@nerdwallet.com. You can also text or leave us a voice message at 805-751-6373 (that’s 805-751-NERD). 

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