6 Reasons Why Having A Side Hustle Is Good For You

Even if you’re earning top dollar in your day job, you may still want to think about getting a side hustle. Here are some of the top reasons why having a side hustle is good for you:

  1. Improve your quality of life

When you’ve got extra cash flow coming in, then you basically have more disposable income. This means you can use the money to buy your wants and not just your needs. You can go on vacations and do fun things with the family! You can buy the latest gadgets if you like. Of course, do all these fun stuff in moderation. You don’t want to get used to a more expensive lifestyle if your side hustle income isn’t even all that stable yet. 

  1. Have an outlet for your creativity

If you work a relatively boring and routine job, then you may not have much room for creativity. A side hustle you’re passionate about will help you get the creative release you so desire. This means that when you work on your day job, you should generally feel good most of the time!

  1. Have a backup plan

Keeping all your eggs in one basket isn’t a good plan. When it comes to finances and income streams, diversity is key. If, for any reason, you suddenly decide to quit your job or you get fired, then you’re not going to go hungry because you’ve got other means of earning money!

  1. Pay debts and loans

If you’ve accrued some debt and loans, then you’ll find it hard to pay off all these if you just depend on your salary. This is especially true if you live paycheck to paycheck and have no savings. If you have a profitable side hustle, you can use the additional cash flow to pay off your debts and loans.

  1. Build your emergency fund

Emergencies don’t exactly announce themselves. They just happen. And when they do, then you better be prepared. If you don’t have an emergency fund, then you could wipe out your entire savings, and you’d fall into even more debt!

  1. You’ll meet new people

There are tons of benefits to meeting new people. You not only widen your horizons, but you also have plenty of opportunities to get referrals from people in your network. You’ll get a new perspective on things, and there’s always the opportunity to learn something new from your new friends!



Gregory is the Co-Founder of Finive and a number cruncher himself. He leads the obsession for cash flow for small businesses that is the Finive spirit. With insights into cash flow, business owners make better decisions, increase profit, and achieve their win.

Financial Apps & Tools

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. 

Forecasting Guide

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. 


Free Cash Flow Is  | Helping you understand cash flow and become a cash flow winner

Cash Performance Report

Translating EBITDA into Cash Flow Performance to fuel growth.

Understanding the cash flow activity of the organization creates insights to drive results. The cash performance report creates a clear cash flow picture of the organization by merging the Income Statement and Statement of Cash Flows. 

Three Things Your Budget Must Have

Key elements of a successful budget for a growing business.

Many organizations are starting to think about the 2021 budget cycle. Before you get too far in the planning consider these three elements to produce a quality budget.

Why Your Business Needs Cash Flow Forecasting

Regular cash flow forecasting is an essential part of strategic planning to fuel growth.

A regular cash flow forecasting routine is a catalyst to achieve your growth goals. The forecasting process will force you to do the mental exercise of working ON your business instead of merely IN it. 

Evaluate Performance and Drive Success with KPIs

An introduction creating KPIs for behavior gains in your business.

Business leaders are often seeking ways to find a higher tier of growth and motivate the team to achieve more than they thought possible. We discuss performance with other words, such as targets and objectives. 

Finive, Inc.  © 2023 All Rights Reserved