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5 Benefits of Starting a Side Hustle

People are constantly looking for ways to supplement their income without leaving the workforce, so side hustles are on the rise. In addition to your main job, you can supplement your income and professional development with a side hustle. In this article, we’ll go over some of the benefits of starting one.

1. Learn New Skills

A side hustle can help you earn extra cash, but sometimes it’s even more valuable than that. You can learn new skills that will make you more marketable in your current job or help you transition into another one.

For example, you can learn to build websites. HubSpot estimates that there are currently more than 1.8 billion online websites, and that number will only grow in the coming years. If you’re in marketing or sales, knowing how to build websites could be an invaluable skill for your career and one that might not be taught in school or at work.

2. Make Extra Money

Personal finance is one of the most crucial aspects of your life. It can help you save money, invest wisely, and make smart financial decisions. Another benefit of starting a side hustle is that it can make you money. The ability to supplement your income is priceless, whether your goals are to reduce your debt load, build an emergency fund, or simply live comfortably.

You may be surprised at how quickly your side hustle can start paying off. You can easily start making money by the end of the week if you’re willing to put in the time and effort.

3. Get Experience in Your Field

Launching a side business can be a great way to gain experience in a new industry and pave the way to a full-time job. You’ll get experience working in a new area and can show potential employers that you’re serious about making it in the industry.

In addition to building up your resume, you’ll also gain valuable skills by doing something independently. When you’re working on your side hustle, you’ll learn new techniques and processes that may help improve your performance at work.

4. Establish a Network

When you start a side hustle, you establish yourself as a professional. You are showing your ability to work on multiple projects and meet deadlines, which is an invaluable skill. You also have the opportunity to build relationships with people who can help you in your future career. Having more contacts opens up more doors for you socially and professionally.

Ask a new acquaintance about their work, how it operates, and what they enjoy about it. This will help you find out what jobs are out there, what skills are needed, and which ones you might be interested in pursuing yourself.

5. Expand and Grow

When you start a side business, you have the potential to earn more than your full-time job. A new business’s potential earnings are infinite. You can work on your start-up as much or as little as you want, and it’s up to you how quickly you grow and scale.

If you have a successful side hustle, you can leverage it into a full-time job or use it to expand your current business. Profitable businesses in the $100,000 per year range should be valued at $200,000 to $300,000 because they have more potential for growth than most other types of businesses.

Starting a side hustle can be an excellent way to get ahead with your personal finance, but it’s important to ensure you’re not leaving yourself open to lawsuits. Business tort lawsuits accounted for less than 5% of civil filings in state courts in 2017, which means you should still be aware of the risks. As long as you stay informed about your rights and responsibilities as an entrepreneur and follow best practices for self-employment, it’s easy to protect yourself from liability and other legal issues.

Bonus Hustle: Selling Vintage Comic Books

Collectors pay top dollar for valuable vintage comic books. You can sell old comic books online to collectors via auction sites whenever new comic book films are announced. The collectors’ market experiences surges and spikes whenever a new comic book film or streaming show is announced. If you can find the source material comics or comics created in the same era, you might be able to sell it to interested collectors.

It helps to be a comic book fan, but you don’t need to be one. After all, the people who buy your comics will mostly be comic book fans.  Try to make connections. Go to comic book stores.  Connect with comic book fans. Learn something about comic book fandom.

You can find free comic books, or cheap ones, at yard sales or through family and friends. Many people give their comics away on social media and classified sites. To understand the value of the comics you’re selling, there are many online comic book price guides that you can use to check the current market value of the comic.

Keep in mind that you won’t become financially secure overnight doing this. But if you keep sourcing comic books to sell, you could make it a regular side gig to make a few bucks every now and then.

How Plumbing Can Impact Your Finances

Plumbing is a critical component of any home or building. It ensures that water is delivered to various areas for different purposes such as drinking, cooking, bathing, and cleaning. However, not many people understand the impact that plumbing can have on their finances. In this article, we will discuss how plumbing can impact your finances, including the average indoor water use, the revenue generated by the plumbing industry, and the prevalence of low water pressure.

Average Indoor Water Use in a Single-Family Home

According to data, the average indoor water use in the typical single-family home is almost 70 gallons per person per day. This high water usage means that there is a constant demand for water. It also means that there is a significant amount of money spent on water bills. By keeping up with your plumbing maintenance, you can ensure that there is no water being wasted. This is important to get the most out of what you are using.

The Revenue Generated by the Plumbing Industry

The plumbing industry is a significant contributor to the economy, with more than $107 billion in revenue generated in 2018. This shows that plumbing is an important part of society and that there is a high demand for plumbing services. However, it also means that there are many opportunities for plumbing companies to take advantage of consumers by charging high prices for their services.

Low Water Pressure

A national study revealed that 6% of homeowners have low water pressure. This can be a major issue as low water pressure can impact the overall water supply of the house. This can also mean that there is an issue with the plumbing system, which could lead to expensive repairs. Low water pressure can also be an indication of a leak, which can waste a significant amount of water and increase water bills.

Repairs and Maintenance

One of the biggest ways that plumbing can impact your finances is through repairs and maintenance. If there is an issue with the plumbing system, it can lead to expensive repairs. They can range from a few hundred dollars to several thousand dollars, depending on the extent of the damage. For example, if there is a leak in the plumbing system, it can lead to water damage, which can be costly to repair. It is important to keep your plumbing system in good working order to prevent costly repairs and to ensure that you have a reliable water supply.

Water Bills

Another way that plumbing can impact your finances is through water bills. If you have a high water usage, you can expect to pay a higher water bill each month. This is because water usage is often charged based on the amount used, so the more water you use, the more you will have to pay. Additionally, if you have low water pressure, it may be an indication that there is a leak, which can waste a significant amount of water and increase your water bill.

Investing in high-quality plumbing fixtures and appliances can also help to reduce your water usage and water bill. For example, low-flow toilets and showerheads can significantly reduce water usage, and energy-efficient water heaters can reduce energy costs. By making these small changes, you can significantly reduce your monthly water bill and improve your financial situation.

In conclusion, plumbing can have a significant impact on your finances. From the average indoor water use, the revenue generated by the plumbing industry, and the prevalence of low water pressure, it is clear that plumbing plays an important role in our lives. Therefore, it is crucial to ensure that your plumbing system is in good working order to prevent costly repairs and to keep your water bills low. Regular maintenance and inspections can help to identify any potential issues before they become bigger problems. It’s also important to educate yourself on the plumbing system in your home so that you can identify any issues and address them in a timely manner for your personal finance and lifestyle.

Winter Car Maintenance That Can Save You Money

The emergency of winter weather is something very few drivers are looking forward to. Driving during the winter brings multiple risks. You have to be aware of the road conditions as well as the behavior of other drivers. Accidents are inevitable. However, there are a few things you can do to prevent winter weather driving from being a major inconvenience. Consider these winter car maintenance tips that can help you save money.

Schedule a Tune-Up

One of the first things you can do to get your car ready for winter is to schedule a tune-up. It’s recommended that you schedule the tune-up before it starts freezing. Getting a tune-up helps ensure that your car will operate at peak performance during the winter. A mechanic should be able to check your car for any potential issues.

Inspect Your Brakes

Hundreds of accidents occur every year due to brake mishaps. Having good brakes is essential during the winter. Check your brake fluid before the first snowfall of the year. You may need to replace your brake pads for more security. Check your emergency brake as well, so you will have the ability to make urgent stops. Good brakes can prevent your car from suffering major damage in an accident.

Inspect Your Car Battery

Cold weather puts a significant strain on your car battery. It’s important to have your mechanic check your battery, so it maintains peak performance even in harsh winter conditions. Some retail stores will test your car battery for free. Perhaps your battery is functioning properly, but it’s dirty. You can use a wire brush to clean excess grease and other buildup off of the battery.

Tire Overview

Your tires are especially important during winter when inclement weather compromises traction. More than 1 million people die in car crashes every year, with an extra 30 million suffering injuries or permanent disabilities because of traffic collisions. These are alarming statistics and many of these fatal accidents could have been avoided if drivers had better tires. It is imperative that you winterize your tires even if you have to purchase new ones. While purchasing new tires may put a strain on your personal financial situation, think of the alternative.

Interior Cleaning

Cleaning your car’s interior removes dirt and prevents permanent stains from forming. Interior cleaning also gives you the opportunity to wax and seal different areas that may be vulnerable to salt buildup. Interior cleaning benefits your personal financial situation by preventing potentially expensive repairs in the future. Research shows that in 2017, the total cost of service and parts sales at dealerships in the United States were greater than $100 billion.

Clean Your Windshield

Driving in rain and snow impairs your visibility. Your windshield blades will suffer punishment. Clean your wiper blades before winter to get rid of dirt and other buildup. Replace the blades if they are worn out, so you can remain safe on the road at all times. You can use traditional window cleaner, alcohol, or vinegar to clean your windshield. Research shows that 30% of auto insurance claims are windshields. This means it’s important to stay on top of things.

Check the Headlights

Due to shorter days during winter, you will likely spend more time driving in the dark. It’s important to have functioning headlights so that you can be aware of your surroundings at all times. Check your headlights to see if you need to replace the bulbs. In most cases, simply cleaning your lights will restore them back to their optimal level.

Pack an Emergency Kit

Pack an emergency kit so that you’ll be prepared for the worst-case scenario. Perhaps the battery gives out while you are stuck in traffic, or you suffer a flat tire. It’s recommended that your emergency kit include a flashlight, food, water, warm clothing, jumping cables, and a snowbrush.

Utilizing these tips can help alleviate some stress involved with winter driving. It may be a good idea to find a mechanic near you so that you can get started.

4 Tips for Building Wealth

Building wealth is an important part of personal finance. You want to make sure that you and your family have the money you need to lead comfortable lives. However, building wealth takes a lot of work and patience. You need to establish healthy habits in order to maintain your finances. Here are some tips for building wealth.

1. Set a Budget

If you don’t know how much money you’re spending, you’re not going to be able to build on it. Your budget is a personal finance essential. You need to know how much money you’re bringing in and how much money you’re spending. Make a budget, then stick to it. You’ll likely need to alter it throughout the year since there are so many different events and necessities that’ll come up. For instance, the Department of Energy states that three-quarters of American homes have air conditioning. Air conditioners use 6% of the energy produced in the US and annually cost homeowners about $29 billion. You only need air conditioning during hot weather, so your budget should take that into consideration. If you make a good budget and revisit it regularly, it can help you maintain your finances.

2. Be Careful with Debt

Debt can be very useful, but it can ruin your life if you misuse it. Take on as little debt as you can. You want to make sure that you can pay back the money you borrow before it accumulates interest. The best way to do this is to plan out major purchases and have an emergency fund. That way, you’re prepared for anything that might happen. For instance, you may get in a car accident and total your car. Up to 80% of car accidents are the result of diver inattention, and it can happen to you. If you don’t have an emergency fund, you may end up taking out a loan to fix your car or get a new one. This can result in a long payment term or high-interest rates, which have a negative impact on your personal finance.

3. Maintain Your Property

Once you buy something, you want to take care of it. Certain parts of your home need to be replaced on a particular schedule, but this can often mean years or decades in between upgrades. For instance, metal roofs can last 40 to 70 years, depending on the material used. However, if you don’t take care of your property, it might not last as long as it could. Make sure that you inspect your home, car, and other property regularly. Get repairs promptly when problems arise. This will keep everything working smoothly and prevent you from having to buy replacements.

4. Focus on Savings

Once you can pay your bills each month, you should start focusing on saving money. Having a savings account can be extremely useful. You might decide to start saving for a future goal. This can help you achieve new things without having to go into debt. You might also build an emergency fund, which can be a good tool to have. This not only gives you money to spend when you need it, but it also provides peace of mind when it comes to your personal finance. There are many different types of savings accounts, so look into all of your options. But no matter which kind you use, saving money helps you build wealth.

Building wealth provides your family with security, peace, and options in life. If you want to start building this type of wealth, you need to take certain steps to do so. By following the tips listed here, you will be in good shape to build up your family’s wealth in the future.