In this episode of Money Made Simple, Liv and Jennie dive into the world of side hustles - exploring whether they’re a hustle worth pursuing or a hassle to avoid! With rising living costs, more Kiwis than ever are turning to side gigs for financial support, new skills, or to explore passion projects.
This episode covers:
- The rise of hustle culture in NZ and why nearly half of Kiwis are considering a second job
- A quick-fire list of practical side hustle ideas, from renting out spare rooms to selling online, freelancing, or dog walking
- The pros and cons of taking on a side hustle, including the potential for burnout, tax obligations, and managing multiple priorities
- Jennie and Liv’s personal experiences with side hustles, along with their top tips for success - whether it’s setting boundaries, marketing yourself, or choosing a hustle that fits your lifestyle!
Resources mentioned in this episode:
- MoneyHub: Offers comprehensive guides on side hustles and avoiding scams.
- Canstar: Provides a list of 25 side hustle ideas tailored for New Zealanders.
- Business.govt.nz: Includes helpful information on managing tax obligations for second job holders, contractors and side hustlers.
By the end of this episode, you’ll be better equipped to decide whether a side hustle is right for you and how to hustle smarter, not harder %)
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.
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