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The Opportunity Cost of Hustling
Everyone says you "need" a side hustle. But if you are earning $150 on the weekend but spending $50 on gas and supplies, plus 10 hours of work, is it worth it?
Calculate Your "EHR" (Effective Hourly Rate)
Take your total profit (Revenue - Expenses) and divide it by TOTAL time spent (driving, prepping, working).
- Revenue: $150
- Expenses: $50
- Profit: $100
- Time: 10 hours
- Rate: $10/hour
If your main job pays $25/hour, you are effectively undervaluing your weekend time by working for $10/hour.
When to Say Yes
Say YES if the EHR is higher than your day job, OR if the work teaches you a skill that will get you a promotion later.
Conclusion
Don't hustle just to look busy. Hustle to increase your net worth. If the math doesn't make sense, enjoy your weekend off instead.