Current Events > honestly are there any disadvantages to just doing side hustles full time?

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Swagnet0
07/20/21 7:09:26 PM
#1:


are thre


sick of this clock in clock out for the man bull shit I'm just a cog. i could just scale my side hustles to the next level and be done with all of this corporate politicking mumbo jumobo..

discuss.

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Xethuminra
07/20/21 7:10:01 PM
#2:


If youre doing it full time, it aint a side hustle, hustler.

That makes you an entrepreneur
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Dingydang166
07/20/21 7:10:48 PM
#3:


I mean it depends what the side hustle is. If it's selling knives/your ass then prob not too worth.
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Turbam
07/20/21 7:11:05 PM
#4:


yes

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RedJackson
07/20/21 7:12:44 PM
#5:


No check = not being able to get a loan from a bank to buy a home is one

Unless your side hustle makes you so much that you can end up buying a home somewhere

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philsov
07/20/21 7:13:15 PM
#6:


if the breakeven is there, including stuff like insurance and 401k gains, go for it
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Wii_Shaker
07/20/21 7:13:55 PM
#7:


There are. The hustle gets exhausting and often times you don't know where your next meal is coming from, or if it's coming at all.

Also side hustles don't offer benefits at all.

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Trumble
07/20/21 7:14:20 PM
#8:


Yes, but there are a lot of advantages too. Figure out what both are, seriously (rather than taking a "ignore the downsides of the approach I personally want to go for already" approach), and then decide whether it's a good idea or not.

You could also consider scaling your main work back to part-time (if it isn't already) as a middle point, to see how well it works for you.

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Swagnet0
07/20/21 7:23:31 PM
#9:


on my side hustle I get 20 bucks in like 10 minutes.

I'm not seeing anything convincing me to do otherwise...

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Swagnet0
07/20/21 7:24:20 PM
#10:


Wii_Shaker posted...
There are. The hustle gets exhausting and often times you don't know where your next meal is coming from, or if it's coming at all.

Also side hustles don't offer benefits at all.
you would know this and account for it before going full time though... I'm making so much more money that I can pay for my own beneifts just fine.

and I LIKE looking for my work, I'm in full control.

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NecroFoul99
07/20/21 7:54:38 PM
#11:


Swagnet0 posted...
on my side hustle I get 20 bucks in like 10 minutes.

I'm not seeing anything convincing me to do otherwise...
Assuming its legal, blah, blah, blahmake your bank while the minute is hot. If you can hustle, then you can adapt if the hustle dies. Justdont mess up with taxes. That has the power of making a fun hustle a nightmare.

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SauI_Goodman
07/20/21 7:55:27 PM
#12:


No health insurance

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thronedfire2
07/20/21 7:56:06 PM
#13:


No benefits/health insurance

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TrollTrace
07/20/21 8:07:20 PM
#14:


The only disadvantage is that it is risky. A side hustle is how most people start off building their own business organically, especially if you are talented at what you do.
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Unsugarized_Foo
07/20/21 8:08:32 PM
#15:


Be a hotshot driver

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Swagnet0
07/20/21 8:18:46 PM
#16:


NecroFoul99 posted...
Assuming its legal, blah, blah, blahmake your bank while the minute is hot. If you can hustle, then you can adapt if the hustle dies. Justdont mess up with taxes. That has the power of making a fun hustle a nightmare.
huh?

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Payzmaykr
07/20/21 8:28:17 PM
#17:


When you start using side hustle money for rent/mortgage, thats when you enter the realm of having to report it to the irs. If you use the money for groceries and gas, you should never report it. Basically, when your side hustle becomes your full time job, you have to pay taxes on it.


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Swagnet0
07/20/21 8:30:41 PM
#18:


Payzmaykr posted...
When you start using side hustle money for rent/mortgage, thats when you enter the realm of having to report it to the irs. If you use the money for groceries and gas, you should never report it. Basically, when your side hustle becomes your full time job, you have to pay taxes on it.
says who? they can su

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Swagnet0
07/20/21 10:33:00 PM
#19:


exactly

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DandyQuackShot
07/20/21 10:39:34 PM
#20:


DoorDash is fun but I would go Postmates for better pay if I had the time to side hustle

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Swagnet0
07/20/21 11:43:23 PM
#21:


DandyQuackShot posted...
DoorDash is fun but I would go Postmates for better pay if I had the time to side hustle
huh?

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