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Got a passion you want to pursue? Or want to break out of the 9-to-5 routine, be your own boss and achieve your ideal work-life balance? A side hustle might be just the ticket.
“While earning potential varies greatly based on factors like your work experience, career field and industry, there are high-paying side jobs that make it possible to earn as much as or more than a full-time role,” writes Toni Frana, career services manager at FlexJobs, in an email to Money Talks News.
As of July 2022, the median wage for full-time workers is just more than $1,000 weekly, according to the U.S. Bureau of Labor Statistics. Some side-hustlers say they earn at least that or much more working just 10 to 15 hours a week — once their gig takes off.
Remember, though, gigs generally do not offer traditional employment benefits such as health insurance and paid time off or sick leave.
Side gigs — also known as side hustles or freelance work — come in all shapes and sizes, Frana says. Before you jump in, do a self-audit to determine how much time you truly have available so you can avoid over-scheduling and realistically estimate how much you can expect to earn, she advises.
The following examples have the potential for you to earn around $50,000 or more — even millions — annually, but it might take 40 hours a week or more, especially as you get started.
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