Discovering YOU Magazine July 2023 Issue | Page 48

Tired of Tightening your Budget? Here's How to Find

a Side Hustle You'll Love

BUSINESS CENTS

Article by Ibi Montesino, Herbalife's executive vice president

to deal with the rising cost of living, 38% to be less reliant on a single source of income and 36% wanting to have a disposable income.

"In addition to providing an extra source of income, many side hustles are flexible, allowing people to work at their own schedule," explained Ibi Montesino, Herbalife's executive vice president of distributor and customer experience. "Our research shows that on average, most people say that they'd need to earn about $404 more per month to live comfortably."

"Our research shows that on average, most people say that they'd need to earn about $404 more per month ...."

(BPT) - Tighten the purse strings. Balance the budget. Cut back. There are many ways to say it, but the current economy has millions of Americans doing the same thing: struggling to make ends meet. Wouldn't it be nice to alleviate the financial pressure? For some people, this means asking for help. Four in 10 people have asked their loved ones for money over the past year to deal with the rising cost of living, according to an Herbalife survey of 8,500 respondents across 10 countries, including 2,000 Americans. Results show respondents are relying on others for help with essentials, including groceries (40%) and their rent or mortgage (29%).

Asking for help is hard to do, but it's certainly not reflective of people's lack of effort. In fact, 56% of respondents currently have a side hustle or other form of supplemental income. Of those people with side hustles, 55% shared they started it solely to make ends meet, 40%