A common criticism that I get with some of my side hustles is that they’re – to be frank – a waste of my time. In all honesty, I can’t necessarily argue with that. I went to four years of college and three years of law school. My education has a retail value of well over $200,000. With all of this expense to educate myself, my time (at least in theory) should be pretty valuable. Yet, if you follow along with this blog, you know that I spend a lot of my free time doing things that seem pretty stupid – things like delivering food on my bike or walking dogs.
Depending on your point of view, these side hustles could really be viewed as pretty stupid – at least “beneath” what someone with my credentials should be doing. Instead of wasting my time doing these things, I could be hustling more at work to try to improve my income at my job. Or I could instead be doing something on the side that actually uses my legal training, and that presumably, would allow me to earn more on an hourly basis.
Instead, I’ve basically done the opposite of that. Over the last two years, I’ve taken two pay cuts in an attempt to find work that’s a better fit for me (to the tune of $70,000 less than what my salary was when I left biglaw). And rather than doing stuff on the side that utilizes my legal training, I’ve instead opted to do things that can be considered pretty low-level and obviously, are completely unrelated to my legal career – dog walking, bike deliveries, and other silly things like that.
While I understand the criticisms, I still think that there’s a lot more value to these sort of simple side hustles than people give credit for. As much as I talk about how much I make with these side hustles, to be real, side hustles have never really been about the money to me. I’ve always earned enough from my day job to accomplish my financial goals, and even when I was paying back my student loans, side hustles played a pretty minimal role in my ability to pay back my debt.
If not about the money, then what’s the point of these side hustles? For me, they’ve always served as an outlet – an escape from the pressures of my day-to-day life. In a profession like law (or medicine, or dentistry, or any other high-stress job), where stress and mental health issues are becoming more and more prevalent (or at least talked about), it’s important to figure out ways to keep yourself physically and mentally healthy. Picking up these little side hustles here and there, ones that weren’t mentally taxing and that I found fun, is what worked to keep me in physical and mental balance. It’s the main benefit I got from them and why I still do them today.
Stress and Mental Health In The Legal Profession
Professions like law have abnormally high rates of anxiety, substance abuse, and depression. It’s been a dirty little secret of the legal profession for a while – although being brought to light more with articles like this one from the New York Times. I imagine that law is similar to other high-stress professions as well – jobs like dentistry, medicine, and the like.
You can see why this is the case when you think about how these kinds of jobs work and the people that fall into these careers. Lawyers have always been high achievers. We’re perfectionists. Prone to working long hours with tight deadlines. The pressure can be overwhelming, with pressure coming from clients, partners, senior-associates, not to mention the internal pressures that we create for ourselves (what will my friends and family think if I don’t make it as a big-shot lawyer!?).
Unique to a lot of jobs, being a lawyer is based heavily on outward appearances. Even when I was overwhelmed with work, I always had to bury all of that anxiety deep within me and act like I had everything under control – “fake it til you make it,” is what they say. You’ve got a lot of people looking at you. If you’re visibly overwhelmed, no one’s going to trust you with anything.
With that backdrop, it’s easy to understand why lawyers might turn to other outlets to make up for their stress and anxiety. If the stats are any indication, all too often, that outlet becomes drugs, alcohol, and other things that harm us. It’s a sad state of affairs, unfortunately.
The Therapeutic Benefits of a Random Side Hustle
I’ve always been a pretty anxious person in general, and that definitely didn’t improve after I graduated law school and got my first real job. I needed an outlet, and side hustling filled that void. But not just any side hustle. I didn’t want to do more “work” since I already had plenty of that during the day
So instead, I looked around and saw what the sharing economy and gig economy had to offer. Bike deliveries were the first side hustle I did and the one that I still enjoy the most. It appealed to me in a lot of ways – it was totally different from my normal work, I could get outside and explore my city, it was simple and didn’t seem all that mentally taxing, and most importantly, it gave me a lot of control. I could just turn the delivery app on and off whenever I wanted.
I remember how silly I felt during those first few months of being a bike delivery person – I was a lawyer, with a high priced degree, and I was out on my bike doing deliveries to random people. But it was just too much fun for me. Even if a little embarrassing, the benefits to my physical and mental health were too much for me to pass up on. It was a stupid side hustle, sure, but it did something for me internally. When I was out doing deliveries, I could just shut off my mind, get out in the world, and explore.
What works for you, of course, will differ from what works for me. “Low-level” side hustles like these kept me balanced. They gave me the escape I was looking for – a brief moment when I could stop freaking out about the stresses and problems with work.
Side Hustling Can Be About More Than Money
Side hustling, no doubt, is probably about the money. I wouldn’t deliver food or walk dogs for free. But at the same time, money doesn’t have to be the sole focus of your side hustle. It can do more than just be a way to make more money.
It’s important to have outlets for your stress and anxiety. It’s up to you to decide what works for you. If you’ve got a little bit of an entrepreneurial edge, side hustling, even stupid side hustling, might be the outlet that works for you. And even if it’s a silly, low-level side hustle, only you can tell yourself how valuable it really is to you.
What do you think? Is your side hustle about more than just money?
More Recommended Ebike/Scooters
Check out these other ebikes/scooters I've had the chance to do a review for:
- GEN3 Outcross Bike – The GEN3 Outcross is a solid, affordable fat tire ebike that does a good job of doing what I need it to do. It works great for city riding, giving me a smooth ride in all conditions. It’s works really well as a winter ebike since the fat tires give it good traction over snow and ice. Check out my GEN3 Outcross Review.
- Himiway Escape Bike – The Himiway Escape is an interesting bike for anyone looking for a moped-style ebike. If you’re a gig economy worker, the Himiway Escape is particularly interesting and it’s possible to think of it as an investment, especially if you can opt to do deliveries with the Himiway versus using a car. It’s not cheap, but you can definitely make your money back when you compare the mileage you’ll put on your car versus using an ebike. Check out my Himiway Escape Bike Review.
- Espin Sport Bike – The Espin Sport is a good ebike for someone who is looking for an ebike that feels and rides more like a regular bike. There are many ebikes that are really only bikes in name. In reality, they’re basically electric mopeds. The Espin Sport, by contrast, is a bike you could probably ride without the battery and you’d feel like you’re just riding a regular bike. Check out my Espin Sport Review.
- Varla Eagle One Scooter – The Varla Eagle One is an excellent scooter that can make sense for a lot of people. It can work as a primary mode of transportation. You can use it to work on gig economy apps like DoorDash, Uber Eats, and Grubhub. And it can also be a recreational vehicle if you’d prefer to use it for that. Check out my Varla Eagle One Review.
- Fucare H3 Scooter – The Fucare H3 is a fun scooter and I’ve enjoyed testing it out. For a daily commuter or quick trips or errands, the Fucare H3 is probably the scooter I’ll use. It’s portable and easy to maneuver, so it’s just easier to take on the road when I need it. Check out my Fucare H3 Scooter Review.
More Recommended Investing App Bonuses
For additional investing app bonuses, be sure to check out the ones below:
- M1 Finance ($10) – This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account. Check out my M1 Finance Referral Bonus – Step-By-Step Guide.
- SoFi Invest ($25) – SoFi Invest is an easy brokerage account bonus that you can earn with just a few minutes of work. Use my SoFi Invest referral link, fund your SoFi Invest brokerage account with $100 and you’ll get $25 of free stock. I also have a step-by-step guide for the SoFi Invest referral bonus.
- Moomoo (5 free stocks) – Moomoo is a free investing app currently offering 5 free stocks (usually worth around $75-$100) if you open an account using a referral link and deposit $2,000. Read my Moomoo referral bonus guide for more information.
- Webull (5 free stocks) – Webull also gives you 5 free stock valued between $3-$3,000 each if you open an account using my referral link. Here’s a guide I wrote about how to earn your free stocks using Webull.
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- Public (1 free stock) - Public gives you a free stock valued between $3-$70 if you open an account using my referral link.
More Recommended Bank Account Bonuses
If you’re looking for more easy bank bonuses, check out the below options. These bonuses are all easy to earn and have no fees or minimum balance requirements to worry about.
- Chime ($100) - Chime is a free bank account that offers a referral bonus if you use a referral link and complete a direct deposit of $200 or more. In practice, any ACH transfer into this account triggers the bonus. This bonus is easy to earn and posts instantly, so you’ll know if you met the requirements as soon as you move money into the account. I wrote a step-by-step guide on how to earn your Chime referral bonus that I recommend you check out.
- Upgrade ($100) – Upgrade is a free checking account that’s currently offering a $100 referral bonus if you open an account and complete three debit card transactions. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Importantly, this bonus says that it’s now scheduled to end on October 31, 2022. As long as you get your account opened before October 31st, you should be eligible. Here’s a post I wrote with more details: Upgrade $100 Referral Bonus – Step By Step Directions.
- SoFi Money ($350) – SoFi Money is a free checking account from SoFi. They’re currently offering a $25 referral bonus if you open a SoFi account with a referral link and deposit $10. You can also make an additional $300 as well if you complete a direct deposit. This is a good bank that is also 100% free, so you won’t have to worry about managing this account. Here’s a post I wrote with instructions on how to earn your SoFi Money bonus: SoFi Money Referral Bonus: Step By Step Guide.
- Fifth Third Bank ($250) – This offer is limited to customers in the following states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, West Virginia, and South Carolina. If you don’t live in one of those states, you won’t be able to open an account online but you can still open an account in-branch if you happen to be visiting a city that has a branch. This is a fairly easy bank bonus to earn, especially since there are plenty of data points showing what will trigger the direct deposit requirement. In addition, you can open the Fifth Third Momentum Checking bank account, which comes with no monthly fees or minimum balance requirements. Read my guide on this bonus here.
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- OnJuno ($100) – OnJuno is a fintech/neobank that is currently offering a $100 referral bonus if you open an account using a referral link and complete a direct deposit of $250 or more. The account has no fees or minimum balance requirements. Even better, the bonus posts immediately after you meet the requirements. If you can meet the direct deposit requirements, OnJuno is an easy bank bonus that’s worth snagging. Check out my OnJuno referral bonus guide here.
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- Fairwinds Credit Union ($100) – Fairwinds Credit Union is offering a referral bonus for users that sign up using a referral link. Fairwinds has no fees or minimum balance, so this is a particularly easy bonus to earn. Since this is a smaller credit union, my gut instinct tells me this offer won’t be around long, so if you’re in a position to meet the bonus requirements, grab this bonus before it’s gone. Here is my step-by-step guide on how to earn your Fairwinds Credit Union bonus.
- Novo Bank ($40) - Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. In addition to being a good bank bonus, Novo is also a good business checking account. It has no monthly fees or minimum balance requirements and operates a good app and website. Indeed, it’s the business checking account I currently use for this blog. Check out my post on how to easily open a Novo account.
- Spiral ($50) – Spiral is a fintech bank that's currently offering new customers a $50 signup bonus after opening a free checking account with them. The Spiral referral bonus is especially good because it's a free checking account and doesn't require a direct deposit to earn the bonus. Here is my step-by-step guide on how to earn your Spiral Bank bonus.
- One Finance ($50) – One Finance is a fintech bank that’s currently offering a $50 signup bonus if you open an account using a One Finance referral link and have a direct deposit of $250 or more. This is a completely free bank account with no minimum balance requirement, so if you can meet the requirements, it’s worth doing. Check out my One Finance referral bonus guide here.
- Albert ($150) – If you can manage to do a real direct deposit, Albert is an easy account you can use to earn a referral bonus. Here’s a review about Albert I wrote. And here’s a step-by-step guide on how to earn your Albert referral bonus.
- Netspend ($20 + 5% Interest Savings Account) – Netspend is a company that provides 5% interest savings accounts. If you sign up using my referral link, you’ll get a $20 signup bonus once you make your first deposit into your Netspend account of $40 or more. That means you get a 5% interest savings account and a free $20 to start! Make sure to check out my in-depth guide on how to set up these accounts.
Kevin is an attorney and the blogger behind Financial Panther, a blog about personal finance, travel hacking, and side hustling using the gig economy. He paid off $87,000 worth of student loans in just 2.5 years by choosing not to live like a big shot lawyer.
Kevin is passionate about earning money using the gig economy and you can see all the ways he makes extra income every month in his side hustle reports.
Kevin is also big on using the latest fintech apps to improve his finances. Some of Kevin's favorite fintech apps include:
- SoFi Money. A really good checking account with absolutely no fees. You'll get a $25 referral bonus if you open a SoFi Money account with a referral link, and an additional $300 if you complete a direct deposit.
- Upgrade Bank. Upgrade is a free checking account that’s currently offering a $100 referral bonus if you open an account and complete three debit card transactions. These bonus terms are easy to meet, so it’s well worth doing this bonus as soon as you can. Note that it’s now scheduled to end on October 31, 2022.
- Novo Bank. Novo bank is a free business checking account that’s currently offering a $40 bonus if you open a Novo business checking account using a referral link. It’s the business checking account I currently use for this blog.
- M1 Finance. This is a great robo-advisor that has no fees and allows you to create a customized portfolio based on your risk tolerance. You also get $10 for opening an account.
- Personal Capital. One of best free apps you can use to monitor your portfolio and track your net worth. This is one of the apps I use to track my financial accounts.
Feel free to send Kevin a message here.
Great post Kevin, parts of it reminded me of Mr. Groovy discussing “egotrage.” Who’s to say that a side hustle is stupid for “beneath” them? I have a side hustle doing stats for a minor league baseball team. It’s a minimum wage gig, but I love it. It’s an outlet for me to do something I enjoy, get out of an office setting, and make a little money on the side. Sounds like you enjoy your hustles, they’re a great outlet for you, and there’s nothing stupid about them!
Thanks Matt! I love Mr. Groovy’s egotrage ideas – really speaks to me because that’s sort of what I’ve been doing by accident.
You find something you like to do, and if it works for you, it means much more to you then what the income actually says. The stats thing for a minor league baseball team sounds like fun.
Love your post Kevin and how side hustles can be more than just about money. I have a list of a few side hustles I want to try and will make a lot less than what I earn at my job but I think they will be fun. At least i want to try. Plus no additional corporate politics or stress about deadlines (I am in finance)
Thanks Caroline! For sure, if you got something you want to try, then try it out is what I say. It might be good for you to get out of the finance world, even if for a short while each day, week, or month.
Likewise, I wash my dishes and clean the house as an outlet (and a chore). Would my time be better spent fixing up someone’s appendix? Sure, for the greater good of society and probably my wallet too. But I would rather not do it on a Saturday night at the expense of my own health (but unfortunately many doctors don’t even have the luxury to choose–you take call as dictated by the system you work under).
Call for doctors is like how it is for us lawyers – always gotta be ready to answer an email. I like washing dishes too – I find it soothing.
I’m so with you! I do Wag! and Rover on the side (I’m an accountant) and, like you, it’s not about the money. It’s about everything that’s different than what I do day in and day out. Dogs needs are so much different than clients. #KeepOnRocking
That’s awesome – you’re like the same as me! A professional doing something on the side that seems “beneath” you. But it works for you and that’s what’s important. Will you get rich off your side hustles? Maybe. But you’re getting way more out of it than just earning some money.
If a side hustle is not something you would enjoy then why do it on the side? Lol. I recently started my own blog as a way to escape the monotony of the grind. It gives me an opportunity to learn what you and many others before me have done so well and excel. And if one day I earn a dime then it would be great joy. Any suggestions or recommendations would be much appreciated. Thanks Kevin!
Good point about why you would side hustle in something you don’t enjoy. I think the main thing I was thinking was that a lot of people ignore low paying side hustle (like my gig economy stuff) because they don’t think it’s worth the time. My thought is that there’s more to them than just earning money – I do them because they’re fun and really, the money is just a nice bonus.
I’m still figuring out the whole monetizing thing too, so I’m no expert in that! If you keep pumping out content and be real with people, eventually, people will notice. I’m a real big fan of the 1000 true fans idea by Kevin Kelly – google that and it’ll really change your perspective on being a content creator.
I’m looking forward to trying some side hustles in the very near future. You have been a great inspiration. Keep it enjoyable.
Thanks Linda!
There is no question about it, many side hustles are not as lucrative as main hustles. For me, it is thrilling to make a buck outside of my training. It feels extra innovative!
Yeah, I feel the same way about the thrill of making a buck outside of your normal stuff. Makes it feel like it came out of thin air.
Very good post! Side hustles are definitely not *only* about money. It’s a very good way to keep your life balanced.
Thanks! Yeah, do what’s enjoyable to you is what I say.
Great post! I hustle to meet new people, get exposed to new experiences, and spend time on my passions. Plus our dogs get to hang out with other dogs while I get paid.
Do people at your workplace know you do these side hustles? Would you be embarrassed if it became known at work that you have a side hustle as a dog walker or bike delivery messenger? If so, then that is enough reason not to do those side hustle. Be a normal person and get yourself a hobby. Ride your bike but don’t try to monetize it. Get a dog and walk your own dog.
If you have no problem with people at work knowing you are a dog walker or bike delivery messenger, why do you feel the need to defend you decisions?
To be frank, based on what you share on this blog you exhibit obsessive compulsive behavior towards your side hustles. That’s what this blog is about. You say it’s not solely about the money but every post in which you write about your side hustles mentions the money and very few (if any) mention the “therapeutic benefits.” If you are going to be a freak then fly your freak flag proudly. Are you a financial panther or a financial skittish kitty? How many lawyers do you know who work on the side as bike deliverers and dog walkers and pick furniture out of the trash and snap photos of help wanted ads? You are unusual – embrace it or change it.
Damn, doing some psycho-analysis of me. Post wasn’t really meant to be a defense, just a way of thinking – but sure, I probably have to be a freak to spend my time writing about this stuff. Don’t think I’ve ever not embraced my inner weirdo.
Thank you, Kevin. “Menial” jobs or task can be very therapeutic. That’s why I love picking up litter a couple of days a week. Gives me time to enjoy the outdoors and think.
I’m in semi-retirement mode right now, so side hustling is more about trying something new and trying to fill up my spare time.
Great post Kevin, just because you don’t talk about something doesn’t mean that is not real. What I mean by that is, yes, you mention and provide updates on income from these gigs but I think that catches people’s attention but does not mean that’s the only value they bring to someone’s life. I’ve been following your blog and have picked up some of your side hustles (job spotter) and honestly we don’t care so much about the money but is a fun little competition between the wife and I. I agree with your thought on having outlets, we may love what we do but I can certainly appreciate the need for completely disconnecting and side hustles are a great opportunity to do that (and yeah if you make a couple of bucks along the way what is the big deal). Anyways keep it up and let the relaxation continue!