SideHustle News & Analysis
2 articles
Market Mood
Eleri Williams makes £35,000 selling football shirts for university
Eleri Williams, 18, has generated over £35,000 through her vintage football shirt resale business, launched from her parents' home during her GCSEs. This venture allowed her to open a shop in Cardiff's Royal Arcade. Williams aims to graduate debt-free from Cardiff University, citing her profits as essential in funding her law degree. The rise of side hustles among young individuals has mirrored growing concerns around student debt in the UK, as many look for additional income sources amidst rising living costs.
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Investing vs Side Gig: $15-$30 Hourly Earnings vs 10% Returns
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.
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