A few days ago, Debt Roundup writer Kayla, asked whether or not having a side hustle is really worth it. One of the challenges of a side gig is the time commitment required to get it going and sustain it. Many people aren’t willing to sacrifice any of their time to building up a side gig because they think they’re busy enough and can’t possibly find the time without eliminating something else they love.
But what if you could find a whole chunk of time every day to focus on developing a side gig and making more money in the process? Here are some tips to do just that.
Conduct a Time Audit
Try this exercise for a week or so: track your time for seven days and keep track of what you’re doing. Take a good hard look at where your time is going and I bet you’ll find all sorts of time to devote to a new venture. You don’t have to track it to the minute, but use a watch or clock to help you keep track of what you’re actually doing throughout the day.
Is your house a cluttered mess and you have trouble finding anything? A little organization can go a long way. If you keep everything in its place you’ll waste less time digging through drawers, cabinets, or the garage when you need something.
Turn Off the TV
According to the Bureau of Labor Statistics American Time Use Survey, the average person spends almost three hours per day watching television. If your television habits are similar to those represented in the study, you can easily find yourself some free time every day just by switching off the TV for a while.
Use Your Lunch Hour
Building up a side gig when you are already working a full time can be a real challenge. There are only so many hours in the day and time spent working and commuting takes up a third or more of your day. So why not take a bit of that time back and use your lunch break to work on your side gig? Just be careful to check your employer’s policy about using company resources before conducting side work on their computers or phones.
You don’t want to get a call or email from HR telling you they know what you’ve been doing on the side. That could push you into the unemployment line really quick.
One of the keys to building a successful side business while working full time is to maximize your time so you are as productive as possible. The 80/20 rule (also known as the Pareto Principle) states that 20 percent of your efforts produce 80 percent of the results. Learn to recognize which is your most effective 20 percent and double down by putting even more effort into those tasks while dropping the time-killing tasks that are only slowing you down.
Another key to staying focused and getting the most out of your time is to minimize distractions so you can concentrate on your work. Having a dedicated work space is absolutely vital and so is a door with a lock to keep out the kids. Your family needs to know that your side gig is important and that you need some quiet time to work on it. Of course, you need to make time for the family too!
How do you find time to side hustle and make more money?
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