Often, aspiring entrepreneurs take on side hustles to learn the entrepreneurial ropes and gain enough income to achieve major financial milestones, including homeownership, said Lotika Pai, managing director of the access to capital program at Chicago’s Women’s Business Development Center. “If your side work becomes more continuous, you might make it your primary hustle,” she said. “It can help you move up the value chain.”
All homeowners have to master cash flow and credit scores, and those hoping to use gig income as a springboard to homeownership must elevate those skills, said Pai, and learn to apply them to personal and business goals. Click here to read more.