Starting a side hustle provides you with an opportunity for fun and profit. It’s fun because you’re doing something you enjoy. It’s profitable because you’re making money doing it.
But here’s a word to the wise: don’t misunderstand that having fun means you can treat your side hustle like an extension of your personal finances. If you want to keep track of how your side hustle is doing, you’ve got to treat it as a business.
“I would keep records completely separate from my earned income with a separate bank account,” says Stephen Davis, CEO and founder of Total Wealth Academy in Houston. “This is the