TEMPLE, Texas — We have reached that time of year when a Christmas bonus just might not be enough!
It might be time for a second job, a seasonal job, to add a little money to your budget to pay for Christmas or clean up some debt, or maybe save for that much wanted purchase.
Extra income is the focus of this weeks all new money talks! So, we asked, could now be a good time to bring in a little extra revenue?
For the answer we turned to Financial Planner Rolandus Johnson to sound off, and he didn't disappoint, by delivering a great quote telling 6 News, "I believe that side hustles are a really good thing, you know they always say there's two ways to make money, is you know money at work and people at work."
According to Rojo, this doesn't have to be something that you hate doing. He said, "The good thing about a side hustle is it's usually something that you love, and so 'Side Hustles' are a great way I believe to bolster the budget or bolster the finances and bring you in little bit of extra cash especially if it's something that you love and you don't mind doing."
And because of modern delivery convenience , the opportunities are now bountiful. ‘Rojo’ told us,
"Oh yeah for sure, you've got uber eats you've got uber itself grub-hub I mean you can work 2-3 hours a day doing a certain job and do it at your convenience for your time of day and so if you've got the time and the ability to do a side hustle I would always encourage you, especially for the young folks out there I would always encourage it," Rojo exclaimed.
Once again, we just have to remind you to be responsible with this extra income. "It goes to my whole philosophy on money, whenever you get a chance to pay yourself first, why not do it! ‘Side Hustle’ money could be used for a number of things you know if you are a person that wants to travel the world especially for my young recent college grads out there if you want to travel the world and vacation quite a bit, ‘Side Hustles’ are a way to fund those. Christmas you know, we are 3 months away from Christmas and it's a great way to build up the Christmas budget, or a Christmas fund if you will."
Don't forget, the flexibility is the best part, so whenever you need to go back to the well, it's easy to do so. ‘Rojo’ told 6 News, "You know a side hustle you can work for the months of October or November and then be done and not work until March or April you know so it's one of those things that gives you the freedom and flexibility to make the extra money whenever you have the energy and ability to do so and again it's a great way for extra money."
The number of people working more than one job is on the rise. Multiple jobholders reached over 8 million in March, or 5.1% of the total employed population, according to the latest data from the bureau of labor statistics. They went on to say that some of that can be attributed to inflation.