10.5 million individuals were considered among the working poor in 2010 and that figure has increased by 32% according to the U.S. Bureau of Labor Statistics. In today's economy having a second job is almost as important as having a first one when it comes to meeting a household's daily needs.
Having a second career is no longer taboo. In many cases, having a second career can help you become both financially and emotionally fit. Here's how.
Having a second career can relieve stresses at your first job. Not getting a raise any time soon? Having a second job gives you the monetary cushion and security to passively search for other opportunities in your current field providing insight into what your skills are actually worth in today's market.
Feel overdue for a promotion? A second career gives you the opportunity to be your own boss and put the management of your success in your own hands. Want to expand your professional skills? A second career makes it easier for you to afford the costs of courses, fees and books.
Bored at work and need inspiration? Having a second career forces you to improve your time management, makes you more efficient and encourages you to take more professional risks all while working your main gig.
Having a second career, unlike having a second job is about turning your passion and talents into cash. Celebrities for example create side careers.
You may know Nicki Minaj for music, but she has successfully partnered with Myx Moscato, a beverage company with products available at major retailers all over the country. Tia and Tamera Mowry, launched a line of herbal teas called Milky that new moms swear by even though the wonder twins are known for their television work.
I know what you're thinking, celebrities have discretionary income and can afford to branch off into new ventures. This is of course true. Celebrities have more access to capital to launch their dreams. But take a cue from their book and start your side career with something that you are the subject matter expert on.
Wendy Williams, known for being a "wiggy" started her own wig line, and award winning producer Dr. Dre developed Beats Audio. Here both celebrities utilized their expertise to expand their brands.
You don't have to be a celebrity to diversify. Your discretionary income is not only generated from having a second job itself but you may also be able to claim tax advantages for tools and equipment, office supplies, and in some cases rent and utilities if you run your business from home (www.irs.gov).
Still not convinced you have what you need to start your side career? Besides having a hobby you love or a passion with a purpose, you can earn start-up money from one of the creative "side hustles" below. A side hustle unlike a side career, is a quick means to gain smaller capital that you can build upon.
Creative Side Hustles
• Have a garage sale - As the saying goes, one man's trash is another man's treasure. Having a garage sale will help you clean house and earn bucks.
• Brand your car - vehicle advertising companies like www.adzinmotion.com and www.wrapmatch.com pay you to advertise by wrapping your car
• Rent a room in your home - www.Airbnb.com and www.homestay.com pay you to become home hosts
• Referee - Recreational sports officiating is a way to stay in shape while earning some coins officiating a sport you already love www.becomeanofficial.org
• Virtual Assistant - VA's support multiple clients in a variety of industries by providing administrative, creative, and technical services in your spare time. The international virtual assistance association shows you how www.ivaa.org
• Copy Editor: If you know someone writing a book or who blogs regularly, you can offer to edit for them. Bone up on your skills first here: www.apstylebook.com
• Event Planner: Just because someone has an event doesn’t mean they know how to plan it. From weddings to anniversaries to banquets to birthdays to baby showers, people need help planning, coordinating, and executing. If this is something you like to do, there will always be events and you will always have business.
• Photographer: A quality camera doesn’t cost that much nowadays. With a little practice, YouTube, and reading, you can learn the ins and outs of any camera. The next thing you know, you could be getting paid to do head shots, take family pictures, or capture events.
Creative Side Hustles courtesy of julliengordon.com