If you’re of a certain age, you may remember a dance called “The Hustle” back in the 70’s. It was a line dance that had everyone on the floor when Van McCoy’s song was played.
Today when you say “hustle,” most people think “side hustle.” Otherwise known as a second job or a side gig.
You might want to consider developing a side hustle. Here are a few reasons why:
Somebody’s going to have to pay the piper
Surprise! That multi-trillion-dollar government stimulus package is going to need to be repaid one way or the other. And after the dust settles, it’s a good bet we’ll see a jump in tax rates. A tax increase means less money in your wallet. A secondary source of income may be necessary to maintain your current standard of living.
It keeps you current
Developing a side hustle often increases your skills and expertise. You’re able to grow your professional network in new ways while demonstrating that you’re continually putting forth an effort to deliver value.
It can help create a successful retirement
Not everyone wants to sit on their porch in a rocking chair. Or even spend every day at a golf course. Some are realizing that retirement for them includes a post-retirement career. If you discover a side hustle that you love, guess what? You’re ready for your second act.
If you take the time to develop a different skillset during your career, it will make that transition to retirement more comfortable. You’ll be able to shift from a full-time job to another venture that perhaps allows you to follow your true passion.
When it comes to discussing ideas for your future, we’d like to think that we can help you create the blueprint of your dreams. Just as it takes time and thought to create a custom-designed home, so it is with retirement.
If it’s been a while since we last talked—or you haven’t had a conversation with us yet—now is the perfect time to do so. We can’t promise you a dance floor, but we will teach you some new financial “steps” to try. Minus the spinning mirror ball, that is…
Call us at 513-563-PLAN (7526) or book online today.
Nikki Earley, CFP® & Dan Cuprill, CFP®
P.S. Tomorrow we celebrate the Red, White, and Blue. Let the fireworks begin!
P.P.S. To learn the steps you can take to protect and even capitalize on recent investment volatility in light of COVID-19, check out my webinar.