We are in the “age of the side hustle.” With soaring rent prices and student loan debt plaguing former students, millions of people have begun looking for side jobs (colloquially referred to as “hustles,” or gigs) to supplement their income. In fact, according to a CNBC survey, the gig economy has increased 27 percent more than traditional jobs in the past two decades. However, just because these side hustles are growing in popularity doesn’t mean they all lead to good money. It’s important to know what you’re getting yourself into before joining in on the gig economy, here are three points to keep in mind. 3 POINTS TO REMEMBER WHEN PURSUING SUPPLEMENTAL INCOME YOUR ROLE IN THE GIG ECONOMY TAXES. You already know that you’re required to pay taxes on any income you earn, but even if you work for smaller sums, paid in cash or not, you’re still legally obligated to report it. Additionally, if you expect to pay more than $1000 in taxes on your side hustle, the IRS may require you to make quarterly estimated tax payments. TIME. One of the most appealing aspects of side hustles is flexibility. Being able to work when you want to is perfect for people with fluctuating schedules. However, once you’re in charge of your own work schedule, time can easily get away from you. For example, anyone working with other people also spends time dealing with customer service problems, like hounding clients for invoices and making requested changes to submitted work, among many other issues. Make sure you charge enough to cover most of these unpleasant surprises. UPFRONT COSTS. They say “no risk, no reward,” but you can find a side hustle that doesn’t involve buying pricey supplies or tools. For example, many digital jobs, such as writing content, graphic design, or web development, fall into this category. Streamlining your work while keeping costs low are two of the most important things to remember if you’re considering a side job. While side gigs make up a significant portion of our current economy, there’s a lot to consider if you or someone you know is thinking of trying to earn some supplemental income. Have any follow-up questions? Don’t hesitate to let us know!
SHRIMP SAUSAGE SKEWERS
INGREDIENTS
Inspired by PaleoLeap.com
Creole Seasoning Ingredients
• 1/2 pound raw shrimp, peeled and deveined • 1/2 pound cooked sausage, cut into 1-inch pieces • 2 zucchini, cut into 1/2-inch cubes • 2 tablespoons extra-virgin olive oil • Wooden skewers, soaked in water for 30 minutes
• 2 tablespoons paprika • 1/2 tablespoon garlic powder • 1/2 tablespoon onion powder • 1/2 tablespoon cayenne or chili powder • 1/4 tablespoon dried oregano • 1/4 tablespoon dried thyme
DIRECTIONS
1. Heat your grill to medium-high. 2. In a bowl, combine all ingredients for creole seasoning. 3. In a large bowl, combine the shrimp, zucchini pieces, and sausage pieces, and cover them with the olive oil. 4. Add creole seasoning and mix well until all ingredients are covered. 5. Load up skewers with alternating pieces of shrimp, sausage, and zucchini until they’re full. 6. Grill skewers until shrimp are well-cooked (6–8 minutes).
PATRIOT WEALTH | 919.322.4113 | P3
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