Should You Side Hustle? [VIDEO]

Yes, you should.

Whether your idea of a side hustle is starting your own business, or working a second job, cranking out the work to bring in extra cash is not a bad idea.

Student loan debt in the United States has surpassed $1.2 trillion. The average student loan debt of a 2015 graduate is $35,000, more than any other previous graduating class.

(Data via newyorkfed.org here, and WJS.com here)

If student loan debt is not crippling enough, add on rent, bills, insurance, and car payments. Millennials do not have it "easy."

Starting a second job can bring in enough cash to help cover the groceries, rent, or make a dent in student loans.

What kind of work can You do?

Think outside of the box.

A side hustle can be anything:  from selling your hand-made hobby on Etsy to coaching a sports team. Extra cash is extra cash.

If you're a recent college graduate, you're probably on the hunt for your first, full-time job. Your side hustle will have to be flexible enough so that it doesn't interfere with your 9 to 5.

This is where the creative thinking comes in. What skills do you have that might be marketable?

Think virtual assistant, freelance writer, e-commerce, focus groups, and night or weekend jobs.

Taking the entrepreneurial route

A recent University of Phoenix survey revealed that from the 1,600 adults surveyed, 63 percent of people in their 20s either owned their own businesses or wanted to, and of those who were not already entrepreneurs, 55 percent hoped to be in the future.

The entrepreneurial route may be more than a side hustle. If you eventually want to claim a business of your own, testing out your idea while still employed full-time may not be a bad idea. If you're making a profit, great.

Start out small, and once your new business is financially stable, go from there.

Tell Us about your side Hustle!

Are you working two jobs? What's it like, how do you fit it all into your schedule, and could you manage without the side job?

Share your thoughts, experiences, and advice and help out your fellow Millennials!

Take care,

Mallory