Investing vs Side Gig: $15-$30 Hourly Earnings vs 10% Returns

AI Summary

According to a MyPerfectResume survey, 72% of American workers use supplemental income sources, with side gigs and investments being the most common. Side gigs can generate $7,200 to $14,400 annually if working 10 hours a week at $15-$30 per hour. In contrast, investing $50,000 yields about $5,000 in a year, reflecting an annual return of 10% based on the S&P 500. Experts suggest that side jobs may be more viable due to lower capital requirements for immediate income. Notably, a rideshare driver can earn up to $25,000 gross in a year compared to the stock market returns.