Abacus Wealth Management

What's Your Side Gig?

Most people who are currently running their own companies started them as a mere side gig to get an extra penny. Emma Nganga, a once successful PR associate, turned to dairy farming, her longtime side gig. Eric Kinoti, founder and managing director of Shade Systems East Africa, started out as a cashier in Kenya’s coastal town of Malindi and developed his business as a side gig. Njeri Rionge, one of Kenya’s most successful and revered serial entrepreneurs started out as a hairdresser, and her side gig was selling yogurt to the International School of Kenya and Loretto Convent Musongari.  She’s now the founder Ignite Consulting, Business Lounge and Ignite Lifestyle.

It is one thing to work, but it is another thing to work when you really feel that you aren’t getting what you deserve at the end of the month. Just another crummy amount that leaves nothing behind after you’ve paid the rent and other utility bills. This is when the good old side gig comes to the rescue. They probably aren’t the greatest money-making options and they are certainly not the type that you’ll want to brag about, but side gigs do offer a pretty simple and painless way to make extra cash.

Times are tough and our salaries alone are not enough to cater for our every need. Identify that ideal side gig and get it going.We always have these extra hours that we can put in somewhere for the extra money. However, one needs to be careful not to affect the current job with the side gig. There is no point  making extra cash if you lose your primary income source when your boss fires you for slacking.

Most successful entrepreneurs realized that the secret to their financial freedom lay solely in their side gig. You never know where this side gig might take you, apart from just bringing in the extra penny at the end of the month to boost the salary.

 

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