Graduate school is all about lots of work, little sleep, and often tight budgets. But after years of ramen and roommates, you’ll graduate with an advanced degree and likely some student loan debt as well. Fortunately, new data from SoFi reveals that your extra work really can lead to increased earning power —and the ability to pay down your debt faster.
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You’ve worked hard and have made strides in your career. Despite racking up some debt, including perhaps student loans, you’re climbing and may be even seen as a mover and a shaker. And time will come —if it hasn’t already— when the coveted word “senior” or “partner” will be added to your title and bring with it a sweet raise. Before you know it—boom!— you’ll be in the money.
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We’re now in the so-called “gig economy,” where many people juggle multiple income streams. Side hustles—everything from teaching hip-hop dance on the weekends to selling leg warmers for chairs on Etsy—abound. While it’s difficult to quantify the exact number of contingent workers, it’s estimated that millions of Americans participate in the gig economy. These gigs not only bring in extra cash to help pay off debt or save for the future, but can also help you achieve your long-term career goals.
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