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Even if you aren’t worried about job loss, a side hustle can be a great source of extra income to pay down debt, save money and invest. It can also have tax advantages. If you make purchases for the business, you may be eligible for tax deductions.
A side hustle is a way to earn extra income in addition to a full-time job. With the extra money, it might be easier to pay bills, contribute to savings or assist with other expenses. The additional income could also help make your side hustle a growing business.
It can really change your life. When you build something for yourself, even as you continue to work your day job, you become empowered. You gain confidence. You create security, both in the form of that extra cash and also in the fact that you’re opening up future opportunities for yourself.
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