Choosing a side hustle can be a great way to make extra money. However, there might be a few things to consider before taking on a new gig, according to Kiplinger magazine.  

What’s Your Goal? 

Consider what you want to accomplish from the side hustle. It could be saving up money to buy a house or following a passion. Think about how your personal interests could affect your approach to making extra cash. 

Finances and the Law 

Make sure that you obtain proper licensing and seek legal advice, especially if you’re starting your own business. Being properly insured and setting up an emergency fund is also essential.  

Plan for Taxes 

Since you’re making supplemental income, you’ll also be taxed for it depending on how much you make. Make sure you set aside money to pay taxes, and perhaps hire a tax adviser.  

Read more about what to consider when pursuing a side hustle in Kiplinger magazine.   

15 Side Hustle ideas for 2023.

Montgomery County Community College, the sponsor of MONTCO.Today’s Career Corner offers more than 100 associate’s degree and certificate programs at the college’s Blue Bell, Pottstown, Culinary Arts Institute in Lansdale campuses and online.

Funded by Montgomery County, the Commonwealth of Pennsylvania and student tuition, Montgomery County Community college offers a high-quality, affordable, accessible education that leads to relevant, rewarding transfer and career opportunities.

Take advantage of all the college has to offer — from challenging educational and professional development opportunities to stimulating activities and cultural programs. Its doors are always open.

Learn more about the college’s degrees and programs or plan an in-person visit to get a firsthand look at the college’s state-of-the-art facilities and friendly campus life. 

Montco Momentum for All!