That you should be doing to make money too

45% of working Americans have a side hustle
This is equivalent to around 70 million people. 
This includes the fact that 
almost 31% of millennials in the 
US earn money on the side
, compared to 16% of Gen Xers 
and 18% of baby boomers. 
And, interestingly, of those with a side hustle, 
more than 
half are women
.
2
And how much can you earn by adding an extra income 
stream to your life? 

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Well, those with a side hustle 
earn an average of $1,122 
per month 
from it, or 
$13,464 per year
. 
 
(Which, if you invest this in a low-cost index fund for the 
next 10 years, will net you a cool $200,000.) 
They spend an average of 12 hours a week on this, 
meaning they 
earn around $23.38 per hour
. 
 
Do you have 12 hours extra per week to boost your 
income by five figures every year? 
 
So why do people choose to earn money on the side? 
 
Bankrate.com found that: 
 
• 
34%
 say it’s to have 
extra spending money
• 30%
report doing this to 
pay for regular living expenses 
• 
27%
are using this money to 
boost savings
• 
5%
noted that it’s for 
“other” reasons
 
(And the remaining 4% chose not to answer. Oh well.) 

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So...what are the 
most popular, 
effective ways to 
make money on 
the side?
 

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Three studies
3
surveyed a total of