Exploring Side Hustles in Finance
I’m seeking some additional income to help recover from a challenging real estate investment.
I currently work as a Director of Reporting in the U.S. and hold an MBA. I initially ventured into Upwork, but breaking into that space has been tough. I also explored part-time remote opportunities, but the competition is fierce. My expertise includes P&L and Balance Sheet analysis, PowerQuery/Powerpivot, report design, and simplifying financial metrics for non-financial audiences.
I’m reaching out to the r/FinancialCareers community for insights—I’ve searched for past discussions but couldn’t find anything relevant. Apologies if this question has been asked before!
One response
It sounds like you have a solid background in finance and valuable skills that could be leveraged for a side hustle. Here are a few options to consider that can help you generate extra income and make use of your expertise:
Freelance Financial Consulting: Since you have experience in P&L and balance sheet analysis, you could offer consulting services to small businesses or startups that may need help with their financials. You can find clients via platforms like LinkedIn or by networking within your community.
Create Financial Courses or Workshops: Use your knowledge to develop online courses or workshops focused on financial literacy, reporting, or analysis tools like PowerQuery/PowerPivot. Platforms like Udemy or Teachable can help you reach a broad audience.
Personal finance Coaching: If you enjoy teaching and sharing knowledge, consider becoming a personal finance coach. You can help individuals with budgeting, investing, and understanding financial statements.
Freelance Report Creation: Many companies are looking to streamline their reporting processes. You can offer your services to create or enhance financial reports, utilizing your skills in report design and data visualization.
Part-time Teaching or Tutoring: Look into part-time teaching positions at community colleges or universities, or offer your services as a tutor for finance students. This is a great way to share your expertise while earning extra income.
Invest in Real Estate Education: Since you mentioned a bad investment experience, consider taking courses on real estate investing to build your knowledge and network before diving back in. You could also blog or create content about your learning journey and tips from your experience.
Affiliate Marketing or Blogging: If you’re interested in writing, starting a blog focused on financial advice, investing tips, or personal finance can be a long-term side hustle. You can earn income through affiliate marketing or advertising once your traffic grows.
Networking in finance-oriented groups on Reddit or other platforms can also help you find openings or freelance opportunities that match your skills. Good luck, and don’t hesitate to reach out to your professional network for potential leads!