Being a student is the best phase of anyone's life.
Everything is new and full of promises when you enter college or university.
New experiences, new peers, new options to choose for your career and many more exciting things surround you in college.
Being a student also means, you need to support yourself financially.
The financial pressure is pretty BIG when it comes to student life. You need to pay your tuition fees, expenses, living, etc.
Tuition fees are probably the most significant debt anyone will have in their life, and if you tackle this in a right way, then you are on track with your finances for future as well.
A recent study conducted by a recruiting platform revealed that the younger generation is more likely to take up a side hustle or second source of income.
The biggest reason why so many millennials are choosing side hustles is because they are very diverse and easy to get started.
And they are perfect for students.
Well, today I am going to show you some undeniable reasons to take up a side hustle if you are in college.
Paying Student Debt
This is the most important reason to take up side hustling.
Over 70% of students graduate with significant student debts. Having debt at this stage of life can adversely affect you.
As someone said, ‘need is the mother of invention' many new side hustles were started by students or side hustlers who wanted to pay down their student debt.
There are loads of online side jobs for students that can be done simultaneously with studies which will help you to pay your student loans.
There is another greater perk if you pay down your student debt, you have won over the vicious cycle of debt early in life, which in turn prepares you for a better future.
Learn Something New
If you use Facebook (I am sure you do), you cannot deny the success of Mark Zuckerberg.
In fact, I will give you a very personal example, my cousin, who is a Stanford graduate started a company with some of his friends and has been hugely successful with his start-up.
What's common between them?
Tip: Check out this great list of side hustles perfect for students.
The need to try something new.
When you are a student, there are endless possibilities for everything, and it is the same case with side hustles.
Whether it is flipping, website testing, graphic designing, captioning, coding, proofreading, editing you learn something new with all these hustles. So, try a new hustle and develop a unique skill.
Is This Your Calling?
I am sure 80% of all the success stories of successful entrepreneurs started from their college.
Because during this phase you are ready to take risks, try things you are passionate about, experiment with those new ideas in your mind. That's where it all starts.
Side hustles can potentially give a peek into your future career.
They can give you a possibility of a promising future career or business you can have. The exposure to all the options you have out there when you are studying combined with your ‘try this out' streak might make you the next Richard Branson.
Ready to get started?
Learn The Value Of Money
I am a work-at-home mom of two kids and every day I try to teach my kids the value of money. It's important for everyone to learn and understand how to manage money at a very early age.
As a student, you are at the doorstep of the working and earning phase of your life. This is the perfect time to learn financial management.
And what better way to do that than earning money on the side?
If you are worried about not having any experience to try these side hustles, many side jobs don't require any prior experience.
Side hustling during college will give you practical experience of doing taxes, managing your expenses, learning to save money, etc.
Personally, I think this is the most vital reason you should side hustle as a student.
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Self-sufficient Early In Life
Who doesn't like being in control of their finances? I do.
What if you could reach that stage in college? Great, right?!
You can, when you side hustle.
Side hustling means you can do any number of side jobs or side gigs and earn a good income. For example, blogging is one such hustle which has proven to be hugely profitable for many students like Alexis.
I am amazed at her success, and I genuinely appreciate the hard work she puts in towards her side hustles.
Being self-sufficient at an early stage in life can put you in the right mindset to take better decisions about life, career, and finances.
Juggle Two Jobs if you Start Working Full-Time
The one question everyone faces after finishing college – What's next?
You will have hundreds of options and a lot of time to choose what you want to do. But what if you have a good paying hustle, while you search?
It would be perfect.
It could give extra income, an experience of hustling, become better with managing time, being more productive and an outlet to your passions.
In today's times, there are infinite hustles that can be done easily along with a full-time job.
Whether you are studying part-time or full-time, side hustles can give you the perfect balance between work and study.
Network With Others
Side hustles give you a great chance to get in touch with other like-minded people.
For example, if you are side hustling as a pet sitter, you get to meet or network with other pet sitters or pet owners which can be amazing for you, after all, we thrive in the company of people with similar mindsets.
You can learn, socialize and explore new possibilities when you network with others with similar hustles. This can, in turn, open new opportunities for your future career and build strong relationships.
After all, it was the combined effort of Steve Jobs and Steve Wozniak that gave the world the giant called Apple.
Financial Security When You Are Out Of College
There is no guarantee that after you graduate you are going to get a job.
More than 50% of the students who graduate become job seekers for a considerable amount of time. The period between finishing your studies and getting a full-time job can be little stressful if you don't have a side hustle.
There are a couple of ways a side hustle will help you during this time; it can lessen your pressure on the repetitive task of applying for jobs because you are doing something you love. It can also give you the financial freedom of not depending on anyone till you land a full-time job.
Let's face it, it's an achievement not to depend on your parents after college, even if don't have a job.
Side hustles will help you do that. They can become your primary sources of income while you look for your full-time jobs.
The power of side hustles is unmatched. Whether you are a student or a stay-at-home parent, they are so diverse that you can choose any hustle and earn a good income. Just keep in mind to find the right one.
There is literally no limit to the types of hustles available which is what makes them so desirable for students.
As a student, side hustling would be your first step towards a financially successful future.
Sireesha is a career blogger and an avid side hustler helping people to find remote jobs, and unique side hustles through her blog, Crowdworknews.com. She also has a free course on Starting a Profitable Side Hustle.
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In a nutshell:
1. You can pay off student loan debt with a side hustle.
2. You can learn new skills while in college.
3. Discover new career paths with a side hustle.
4. You'll become self-sufficient early on in life.
5. You can network with others.
6. You'll have more financial security when getting out of college.
Do you have a side hustle? What is it?
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