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Are you worried about the state of the economy and how it will affect your career?
You’re not alone. Many people are concerned that they will lose their jobs in the next recession. Don’t panic!
While experts say there is a 96% chance of a recession in the next year , there are some things you can do to get your finances in shape, like starting a side hustle.
There are tons of great recession proof side hustles to help you get by when times get tough. Let’s dig in!
KEY TAKEAWAYS:
Some of the best recession proof side hustles include: Child care services like babysitting or nannying
Pet care services like pet sitting or dog walking
Bookkeeping and tax prep services
Online side hustles like blogging or working as a VA
Best Recession Proof Side Hustles
1. Delivery Driver
Delivery services have become extremely popular in recent years with over 50% of adults claiming it’s essential to the way they live .
Delivery side jobs like delivering food with Doordash or delivering groceries can be another great side hustle to consider when a recession hits.
These are pretty simple gigs that can help you make ends meet when times get tough and they cost nothing to start.
All you’ll need is a vehicle and some free time to start making money!
The pay for these jobs will vary depending on your city and the amount of tips you can generate, but it’s possible to earn over $25 per hour with this part time job.
Some people can even make a full time living delivering food by using a few hacks !
With Doordash you can set your own schedule and work when you want. Earn over $20 per hour today! Sign Up Now! 2. Babysitting While being a babysitter might not be everyone’s call, it’s an excellent recession-proof side hustle for people who like kids.If you enjoy being around the young ones, caring for them, and teaching them things, this might be the perfect side hustle for you. Child care services will never grow old, even during the recession, as there’s always going to be a person who needs someone to watch their kids while they run errands or simply relax. It’s typically a rewarding gig as you can earn a nice income while doing something fulfilling like spending time with kids. However, before deciding on this side hustle, remember that babysitting requires a lot of patience and commitment. You’re in charge of someone’s safety and care, so you must be sure that this is something you can handle.Babysitting can be a full-time or a side hustle you can combine with your regular job, which is essential during a recession.If you like kids and feel you’re up to the task — go for it! 3. Live-in Nanny People with babysitting experience could also try out being a live-in nanny.This career option is excellent during a recession, as families need constant care of their kids.This profession will bring you a good income, while it also has other conveniences because it is a job that pays for housing .Live-in nannies live with the families they work for, meaning they typically have housing and food for free. That said, by working as a live-in nanny, you’ll earn money while reducing your spending, which is incredibly important during the recession. 4. Camp Counselor Being a camp counselor is also a good job for people looking for a recession-proof side hustle because many camps are sponsored by government agencies.While these camps mainly operate during summer, it’s not a gig you can commit to for more extended periods, but it’s still rewarding.You don’t need special skills to be a camp counselor, but you should be well-organized, honest, and hardworking.This job may seem easy, but it’s up to you to organize all the activities, supervise the kids, ensure their safety and promote development.If you like jobs where you’re frequently active and you get to do a lot of fun activities while working, you should try out for the next cam counselor, as it could be fun while helping you save some money. 5. Rental Real Estate Investing Many companies will experience lower sales during a recession making the stock market a very risky place to put your money.But people will still need places to live.As a result, rental real estate investing could be a fantastic recession-proof side hustle for […]
source 19 Recession Proof Side Hustles – Proven Ideas (2023 Guide)
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