CNBC: Here’s How to Balance a Side Gig and a Full Time Job

Chad Parks / 24 Oct 2019

Are you using a sidehustle to supplement your income? Have you ever tried your hand at freelancing or jumping into the gig economy? If you have, you’re definitely not alone. According to a recent survey by SunTrust, more than half of Americans report having a side gig at some point.

On average, side jobs pull in an average of $8,794 a year, with millennials making almost 20% more per year at $10,972.

Ubiquity founder and CEO Chad Parks shared his insights with CNBC on the importance of planning ahead and saving for new side-giggers–including budgeting for hefty self-employment taxes. Balancing a side gig and a full-time job can be hard, but planning and managing your time and financials well makes it easier.