Dividends Are the Original Side Hustle

I wish I had a dollar for every time I read some advertorial about side hustles or claims of “easy” passive income to pay your bills. Do you know how many hours of surveys you actually have to complete to get a $25 gift card? Most of the so-called “passive income” schemes I’ve seen require a lot of your time. Last I checked, that wasn’t the definition of “passive.”

Over half of Gen Z and Millennials have a side hustle or some kind of gig work to supplement their income. The numbers show that nearly two-thirds of workers are living paycheck to paycheck.

Now don’t get me wrong. There were some years in my 20s when I wasn’t working full-time in the publishing business. I was teaching yoga as my main gig to cover the high cost of living here in South Florida.

So, I worked in retail part-time for a little bit. I would pick up odd sewing jobs, write freelance articles, and I did some DJing. I was even an Uber driver at one point.

I’ve got some interesting stories from those days. At the end of the day, it was a lot of hours for just ok money, but it kept a roof over my head. What can really make a difference is passive income. Making money while you’re doing something else.