With the explosion of the gig economy, the opportunities to earn extra cash are endless. Today more than 50% of millennials have a side hustle — some to cover essential expenses, and others, like Goldman Sachs exec Madelaine O'Connell, to fulfill a passion.
With the explosion of the gig economy, the opportunities to earn extra cash beyond a 9-to-5 job are endless. As a result, side hustles are becoming increasingly more common among the working class, especially among millennials — despite their income., more than 50% of millennials have a side hustle.
Take Madelaine O'Connell, a 29-year-old vice president at Goldman Sachs in New York City. On any given day, she works 12 hours; some days she doesn't get home before 11 p.m. And while her lifestyle is not one that could ordinarily accommodate a second job — and she doesn't necessarily need the additional income — she is passionate about dance and working out: At age 3, O'Connell started competitive dancing in jazz, tap and ballet.
"My alarm goes off and I jump out of bed, wash my face, change my clothes and get into a cab by 5 a.m. or 6 a.m. I live in Hudson Yards, so luckily I get to Obé within 20 to 25 minutes, since there's no traffic that time of day. I teach for an hour, then shower and get ready for the workday and get to the office around 8 or 9, depending on what time I teach," she said.
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