But I wonder what are some side hustles I can do to make some money on the side? I was thinking about doing Instacart, but I have software engineer skills why not use those?
Are there any side hustles you recommend on doing?
I would check out HN who is hiring and apply there. Going to your current employer and asking for a 100% raise might be something you would only consider once you have another offer on the table. Don't be bashful about going after another offer--depending on how young you are and when you take into account compound interest you can be freeing decades of your life up later in life. And keep in mind applying to jobs can be competitive in this market--but nobody ever asks about the jobs you didn't get later on.
- build your own side project that you really believe it will bring some income, something that actually provides value to someone
- hunt short-term gigs, there are many marketplaces, see UpWork for example
- YouTube/Streaming is booming at the moment and can be turned into incoming coming in (monetisation through ads, sponsors, etc)
I think it takes time to create a descent side hustle so whatever you choose, you have to stick with it for a while. Don't expect high returns from the first week.
I would suggest IndieHackers[0] as a resource for building bootstrapped businesses but may not be exactly what you are looking for.
I would also like to mention the YT channel TechLead[1] which I have been following for a while now. The guy has been putting content out there for quite some time now, until he built a paid side project and has just been using his YT platform to promote that. He's giving lots of info on that on some of his videos[3]. Whether you like the guy or not, I think he has some valuable resources and information to take.
Refs:
You're getting taken advantage of. Even if you're 22 (and if you are, I'd delay having a family tbh), you could probably get to six figures by applying to another job.
I understand times seem tough but honestly my company and others have been hiring just as much if not more. No offense to any service workers but a software engineer in NYC having to Instacart is... not right.
That brings you up to 50 hrs/wk at least. Are you going to have the energy to share home and childcare work on top of that?
Honestly you can double your salary right now by leaving NYC. Your company isn't paying you NYC-adjusted wages anyway. I made (annualized) $80k as a summer intern there in college years ago. You should get more as a software dev with a degree.
Places like Nashville, Atlanta, Tampa Bay, and Research Triangle all have lower cost of living than NYC (you could pay the same rent and actually have a yard) and lots of software jobs if you don't want to go remote.
Remote jobs should become easier to find as well, in case you want to move somewhere that doesn't have a big tech presence.
If you are mid to senior level, yes, you're grossly underpaid. If you're entry to junior level, then I'd say you're still underpaid, but not extremely so.
Unless you're working in a tech company (excluding early stage startups) or finance (banks, hedge funds), I'd say 70k for a junior engineer isn't extremely underpaid.
FYI, I started my career a decade+ ago in NYC at 45k, but at a (big) company notorious for underpaying. Five years later I moved to a better company, but that 45k starting salary continued to hurt me and my new base salary as a 5yoe SWE was 75k - in finance at that. Meanwhile we have fresh grads starting at FAANG at well above six figures :)
But to directly answer your question, the "side hustle" that will most easily (relatively speaking) help you to increase your income is to become a Professional Leetcoder/Professional Whiteboard Technical Interviewer. I say that with no snark, and I too, am in a quest to become one.
Why wuld you want a side hustles when you can double your salary ? That may not be easy, but it's doable. Side hustles: improves; so you can get a good salary.
Get on LinkedIn. Update your profile and start looking for a new job. With a good profile recruiters will message you.
You need to first build your user base. You need to have a user base to sell something to. There is a few ways to do this:
Youtube channel Twitter Github
Once you have a follower base belonging to a particular niche, its easier to sell to them than to random paid followers you can get on fb.
Plenty of programmers and designers do this. This takes time, you need to post quality content to build up a user base and then sell them something they need.