There is a LOT of talk these days about creating a “side hustle” to boost your income. A side hustle is nothing more that what folks used to call a “second job”.

Common examples of a modern side hustle are:

Uber/Lyft/Doordash driving, buying and selling on sites like eBay and Amazon, renting out a room in your home, getting paid to review products, etc.

The reason these are popular as opposed to the traditional part time job is that they allow you to work on your own schedule and do as little or as much as you want. While I admire the effort to add to your income and thus improve your financial situation, the downside is that they ALL require some level of administration to make certain you are complying with various laws involving licensing and taxing. If you attempt to “hustle” your way around these, you may find yourself in a lot of trouble.

It is advisable to at least discuss your “side hustle” with a professional who can advise you on such implications.