Lucy Nicholson/Reuters
Many people are driving for ridesharing apps like Uber in their spare time.
- Side hustles are becoming increasingly common these days.
- There's a wide range of them, after all, from driving for Uber to making passive income from selling e-books.
- Here, 13 people share how much money they've made from their side hustles.
Side hustles are becoming increasingly common these days, especially with the popularity of apps and platforms such as Uber and TaskRabbit. While some people are driving for Uber in their spare time, others are making passive income from e-books or products they sell online through sites like Amazon or Etsy.
The online investment company Betterment found that 67% of people with a side job are doing them primarily for financial reasons, such as paying off debt and saving for retirement. This figure was based on a survey of 1,000 Americans 25 years or older - 500 of whom have a side hustle in addition to their full-time job and 500 of whom rely on their side hustle as their main source of income.
According to the Intuit 2020 Report, nearly a third of US workers today are freelancers. "And this figure is expected to grow to 40% by 2020," Andrew Westlin, a certified financial planner (CFP) and a financial planning professional at Betterment, told Business Insider in an email. "More and more, workers are supplementing the traditional 'nine-to-five' career with independent or temporary work."
Westlin said a major benefit of starting a side hustle is the opportunity it provides to diversify your income. "A diversified income can be a key component in planning for your future," Westlin said. "Even if the side hustle does not appear to be quite lucrative in the beginning, every dollar adds up along the way."
Here, 13 people share how much money they've made from their side hustles. (Responses have been condensed and edited for clarity.)