Here's the Best Way to Start a Side Hustle and Make Extra Money Each Month

Here's the Best Way to Start a Side Hustle and Make Extra Money Each Month

Quick summary:

1. You'll typically receive 1099-NEC or 1099-MISC forms from companies you side hustle for, but even if you don't, you'll need to report your side hustle income when filing your taxes on IRS Schedule C, Profit or Loss from Business.

2. Roughly 31% of Americans have a side hustle in 2022 -- and 41% of those with a side hustle rely on this income to pay everyday expenses, according to a June Bankrate survey.

3.  Find work through your network and side hustle apps No matter which industry your side hustle is in, finding and building your clientele is paramount.

4.  It's important to prioritize your mental health and your full-time job over any side endeavors, and set clear boundaries of time and effort before embarking on your side hustle journey

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