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The $52b side hustle economy offers a shot at getting rich

The $52b side hustle economy offers a shot at getting rich

The ATO estimates there are around 1 million side hustlers, including a fast-growing group of white-collar workers seeking new careers, extra cash and fun.

AFR

Pete Williams combines running a telecom company with his role as a professor of practice at Deakin University. Arsineh Houspian.

Pete Williams is the boss of a multimillion-dollar telecoms company with a side hustle teaching other young entrepreneurs to create their own successful businesses.

“The Aussie dream is not just about owning a home any more,” he says. “It’s about owning a home business too. It used to be putting food on the table, now it’s about adding dessert and maybe a glass of wine.”

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Duncan Hughes
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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Original URL: https://www.afr.com/wealth/personal-finance/the-52b-side-hustle-economy-offers-a-shot-at-getting-rich-20240813-p5k23h