Introduction
So this evening, as usual i went to a shopping mall to get bread. I had literally stopped the using of cash, so mobile transfer has been my only method of transaction.
Without any form of surprise, I was told that the price of bread had increased. This increase keeps happening almost every month, though I clearly understood how inflation has been troubling so many.
After paying for what I purchased, I realized that my balance had gone down, and it wasn't even month end yet. I quickly understood the importance of having personal financial source that I can quickly fall back to.
Credit
The most common type of jobs are physical, and most salary payment comes at the ending of every month. Whatever amount a person receives, is expected to last for the next one month, or else he/she might be left stranded with money.
Sadly, inflation has taken rise in almost every country in the world, where it has made lifes so difficult for many. Prices of products in the market are no longer pocket friendly, and they aren't even rubbing shoulders with the salaries of people.
People have to go to work daily, not because they enjoy the pay, but because they really have to manage the little offers that comes in.
What if a person happens to be in my situation where my balance had gone down, what would have being the alternative ?.
Why Side Hustle?
With the current situation of inflation and lack of good pay from companies, having something to fall back on is more like having a backup plan.
Side hustle are basically little jobs that don't really take much of our time, but contribute little in assisting the main income.
Several issues might affect a company, which might made them delay the salaries of their workers, but having side hustle might sustain us for a short time, while we wait for the main income.
Interestingly, side hustle gives us the chance to use our main income for big projects and other important things, as we can fall back on it for basic things. I.e, our main income can go to bigger projects while the side hustle goes to basic needs.
Ranges Of Personal Side Hustle
Side hustling ranges from online to physical types of jobs, but the main type of job determines which one we can easily adapt to.
Physical - this side hustling are basically per time jobs, as they can be done when the main job is not active, or there is a break. This type of hustling requires physical appearance only, and every agreed time must be met.
This jobs ranges from teaching jobs cleaning jobs, house nanny, etc.
Online - This is literally the most common type of per time job, as people can easily navigate even while working at their main place of work. It does not require physical appearance, as digital devices can keep both worker and employer connected.
Online financial side hustle can grow to a certain extent where it even pays more than the main income job. This type of hustling requires consistency, dedication and patience to maintain a good financial growth.
My Opinion And Conclusion
The inflation rate has affected price of goods, making the price of commodities to be uncertain on daily basis. Monthly salary isn't living up to expectation any more, as price of things are far above our pay.
Personal financial side hustle is a remarkable alternative to main finance, as it helps to sustain us for a shorter period of time in the absence of main income.
Thanks for reading, please do well to rehive and share.
You can also check contents from @bradleyarrow.
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