From Yahoo Finance: 2025-05-24 14:01:00

Recent research from PYMNTS Intelligence shows that 41% of consumers have a side hustle, with 22% using it to cover basic living expenses. Surprisingly, the extra income from side hustles accounted for 43% of total income for those with secondary income sources, especially for those earning under $50,000 annually.

For those feeling burnt out from juggling multiple jobs, there are ways to transition out of a side hustle. Experts recommend tapering off slowly instead of quitting abruptly, conducting a freedom audit to determine financial needs, trimming expenses, and redirecting income towards investments that generate passive income for a better work-life balance.

It’s essential to consider the real cost of a side gig, as it may compromise health and relationships. Reinvesting time and income into high-value skills or investments that generate passive income can lead to financial independence. Finding balance and making money work for you are key to quitting a side gig while maintaining financial stability.

Read more: 5 Steps To Quit a Side Gig You Hate When You Still Need the Money