Money can’t buy you happiness, but having a little bit more of it to spend on your needs and wants isn’t a bad thing, either. People have different reasons why they want to earn more or grow their money—pay off accumulated debt, fund their loved ones’ healthcare expenses, or have enough to spend on their children’s education—and these financial goals help them stay on track.
If there’s one thing you should be putting your money into, though, it has to be life insurance. Not only can it protect your wealth if something bad happens to you, but your loved ones or beneficiaries can also reap the rewards of your hard-earned money and continue to live comfortably.
Understandably, you can only achieve your financial goals or pay off insurance if you have a stable inflow of cash. If you’re being paid enough in your day job, good for you! Unfortunately, not everyone enjoys a high, steady income, and some even experience setbacks like being fired or laid off. The good news is there are many ways to earn extra income.
Hustling on the Side
A side gig is extra work you can do when you have free time, though it doesn’t have to be relevant to your day job. It can be a passion for other things or a skill that you want to put to good use. Filipino professionals, especially yuppies, can bring in bigger bucks for better income flow to fund their insurance through side gigs.
The best part about side hustles is, unlike your 9-to-5, it’s very scalable. You can get more work if you have the time and energy, and scale back if you need to focus on other aspects of your life. Here are some side hustle ideas for the financially savvy professional who wants to pay off their life insurance.