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Money-making tips: Woman shares side hustle earning her up to £1,500 a month | Personal finance | Finance

At a time when bills are skyrocketing and inflation continues to soar, any extra money one can earn could be vital in helping to tackle the cost of living crisis. Nikki, who works as a GP, started a blog to share how she straightened out her finances. She started out as a blogger, passing on what she was learning about her own money issues to others, before a fellow blogger introduced her to the world of financial coaching.

It was then that she realized that was what she wanted to do next. Fast forward five years and she is earning over £1000 a month but still working her main job.

Doctor Nikki spoke exclusively with Express.co.uk about how she was able to grow her brand.

After building up a clientele, she decided to train to become a professional financial coach to help women become financially empowered. She wanted to change their mindset about money, plan for the future, and clear their debt.

She said: “Coaching is my main side business, and I aim to make it my main source of income.

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“I make around £1,000-1,500 a month doing this at the moment. Coaching is both individual work and group work.”

She currently spends 60-70% of her time as a general practitioner and 30-40% of her time as a financial coach. As her business grows, she increases her working hours on the business.

She said: ‘I used to be terrible with my finances but for a while out of my day job as a GP I realized how bad things were in terms of debt and became preoccupied with finding a way out.

“I also saw the impact of poor money management on the mental and physical health of my patients and colleagues, and realized that many people had problems. There also seems to be a big gap between men and women in terms of money knowledge and confidence.

DO NOT MISS

“I originally started a blog to write about my experiences and document how I was getting out of debt. It wasn’t until someone told me I could be a coach that the penny dropped. So , I trained to be exactly that and am now a professional financial coach.My blog was the start of it all.

“Now I help empower women with finances, so they can make better decisions, think about the future, start investing and build their savings. I work with them to help them get out of their debts and improve their mindset about money.

Dr. Nikki pointed out that having a side hustle isn’t always a get-rich-quick scheme, it takes time.

She said: “I’ve been doing this for almost five years now.

“It definitely takes time and dedication! That’s the problem with starting a side hustle – it takes time and persistence.

“It doesn’t necessarily happen overnight, and you still have to put in the work.

“Don’t be fooled by the advice ‘get rich quick with minimal effort’; there is no such thing.”

She added, “Especially when you see that eureka moment with a client and they’re like, ‘Oh! I can do it!’ or when they realize they can change their mindset about money.

Despite being so successful now, Dr. Nikki explained that when she started, her biggest concern was failure. She explained that even now she was not yet there to work full time because she was worried that she would not be able to pay her mortgage.

Dr Nikki has suggested some things for other Britons to consider if they want to start starting their own stampede.

Identify why you are doing it.
What is this extra money for? Is he repaying the debt? Is it to create an emergency fund? Is it beginning to invest for the future?

Do not abandon.
She said: “There were many times when I wanted to give up, but I’m so glad I didn’t. So the pandemic was a big hurdle.

“Working as a GP at this time was difficult and I struggled to balance both my business and my job as a GP. The business took a bit of a step back in the last six months of 2021 because my mental health was struggling from all the pressure. Things have improved in 2022 and I am much more optimistic about the future, having now found a better work-life balance.

Give yourself a break
Sometimes people have to give themselves a break.

“You are a beginner, you may have a lot to learn. If it doesn’t work at first, don’t just leave it and go find something else. Stick with it. A business is not going to generate money overnight. You have to work,” she said.

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