Choosing a side hustle can be a great way to make extra money. However, there might be a few things to consider before taking on a new gig, according to Kiplinger magazine.  

What’s Your Goal? 

Consider what you want to accomplish from the side hustle. It could be saving up money to buy a house or following a passion. Think about how your personal interests could affect your approach to making extra cash. 

Finances and the Law 

Make sure that you obtain proper licensing and seek legal advice, especially if you’re starting your own business. Being properly insured and setting up an emergency fund is also essential.  

Plan for Taxes 

Since you’re making supplemental income, you’ll also be taxed for it depending on how much you make. Make sure you set aside money to pay taxes, and perhaps hire a tax adviser.  

Read more about what to consider when pursuing a side hustle in Kiplinger magazine.   

15 Side Hustle ideas for 2023.

Wilmington University, the sponsor of VISTA Today — Career Corner, is a private, nonprofit, open-access institution that serves more than 20,000 adults, including those seeking advancement through higher education and traditional-age students who aspire to become successful global citizens.

One of the most affordable private universities in the Delaware Valley, WilmU is committed to the idea that finishing an undergraduate degree or obtaining a master’s or doctoral degree can be affordable and accessible.

The University offers over 200 accredited and career-relevant degree and certificate programs in flexible online and hybrid formats designed to accommodate adults of all ages who work full- or part-time or juggle demanding career, family, and personal schedules.

Learn more about WilmU here or register to attend one of the University’s webinars. You will find information about academic programs, flexible scheduling options, tuition, admissions, student services, athletics, and more.