10 Side Hustles To Avoid If You Don’t Like Taking Risks

Andrew Derse
3 min readOct 25, 2023
Photo by Pixabay

In today’s “Hustle Nation” it’s easy to find tons of people saying you can get “rich quick” by following these 3 simple steps…!

News flash, if it sounds too good to be true, it is!

Here are 10 side hustle ideas to avoid if you are someone who is not comfortable with taking big risks.

Multi-Level Marketing Schemes

One of the top side hustles to avoid is getting involved in multi-level marketing (MLM) schemes. While they may promise significant earnings and financial freedom, the reality is that the majority of participants end up losing money. MLMs often rely on recruiting others to make money, which can resemble a pyramid scheme and lead to financial stress for many.

Cryptocurrency Trading

While cryptocurrency trading has gained popularity, it’s a side hustle that should be approached with caution. The volatile nature of cryptocurrencies means that you can easily lose a significant portion of your investment in a short time. It’s crucial to have a deep understanding of the market and a risk management strategy in place if you decide to venture into this arena.