extra income http://www.wisebread.com/taxonomy/term/12639/all en-US Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_thinking_question_mark_586948240.jpg" alt="Woman wondering if she should host on airbnb" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So you're looking to make some extra cash, and you realize you have the perfect house or apartment to list on Airbnb. It seems like an easy way to earn money, and many people earn enough to cover their rent or mortgage payments. However, there are many things to consider before opening your home up to strangers as a potential side gig. Here's everything to keep in mind before taking that step.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/couple_backpack_vacation_516895030.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-easy-ways-to-make-good-money-from-airbnb?ref=fbf" target="_blank">5 Easy Ways to Make Good Money From Airbnb</a> &mdash; Think about the entire process from the customer's point of view. What would make your listing stand out among the rest? Taking professional photos, including personal touches in decor, and offering added services require minimal effort in exchange for big bucks.</p> <p><a href="http://www.wisebread.com/13-things-i-learned-from-renting-out-my-home-on-airbnb?ref=fbf" target="_blank">13 Things I Learned From Renting Out My Home on Airbnb</a> &mdash; Learn from the personal experiences of others. Sometimes the money is totally worth the nonstop cleaning and worrying about getting good reviews. Sometimes it isn't. Seek out honest reviews like this one to understand exactly what you'll face.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_paris_travel_486971456.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-cities-where-airbnb-is-way-cheaper-than-a-hotel?ref=fbf" target="_blank">5 Cities Where Airbnb Is Way Cheaper Than a Hotel</a> &mdash; Understand the market. What are hotels charging in your area? Do you have a second home to rent in a more desirable location where Airbnb might be the cheapest option? Local hotels are also your competitors, so research what they're offering before setting your price point.</p> <p><a href="http://www.wisebread.com/what-to-do-about-a-terrible-airbnb-stay?ref=fbf" target="_blank">What to Do About a Terrible Airbnb Stay</a> &mdash; You can't please everyone, and you might run into some unhappy guests. Learn what their rights are compared to yours, and how negative feedback is handled.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/when_the_party_is_over.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-costly-pitfalls-of-hosting-on-airbnb?ref=fbf" target="_blank">5 Costly Pitfalls of Hosting on Airbnb</a> &mdash; As an Airbnb host, there are some costs that will come out of your wallet. Before you create your listing and start accepting guests, make sure your budget can accommodate those expenses.</p> <p><a href="http://www.wisebread.com/this-is-how-you-rent-your-place-on-airbnb-and-succeed?ref=fbf" target="_blank">This Is How You Rent Your Place on Airbnb &mdash; and Succeed</a> &mdash; Airbnb has been around for years, so there are many people who have learned the ins and outs of hosting, and now know how to do it right. This is one of them. Learn from their mistakes, and heed their expert advice.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-bodily-fluids-you-can-exchange-for-cash">5 Bodily Fluids You Can Exchange for Cash</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/this-is-how-you-rent-your-place-on-airbnb-and-succeed">This Is How You Rent Your Place on Airbnb — and Succeed</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-the-82-best-spring-cleaning-hacks-we-ve-ever-shared">Flashback Friday: The 82 Best Spring Cleaning Hacks We’ve Ever Shared</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Home AirBnb extra income fbf flashback friday rent your home side hustle travel vacation rentals Fri, 15 Sep 2017 08:30:10 +0000 Chrissa Hardy 2021151 at http://www.wisebread.com How to Save for Retirement While Caring for Kids and Parents http://www.wisebread.com/how-to-save-for-retirement-while-caring-for-kids-and-parents <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-save-for-retirement-while-caring-for-kids-and-parents" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/three_generations_women_laughing_in_the_kitchen.jpg" alt="Three generations women laughing in the kitchen" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>As a member of the sandwich generation, you're not only raising your children, you're also caring for your aging parents. The financial burden, not to mention the daily responsibilities, can leave you struggling to invest in your own financial future. Here are some ways you can still save for your retirement while caring for those who depend on you. (See also: <a href="http://www.wisebread.com/5-money-strategies-for-the-sandwich-generation?ref=seealso" target="_blank">5 Money Strategies for the Sandwich Generation</a>)</p> <h2>1. Make your financial future a priority</h2> <p>Your financial future matters as much as the current responsibilities you have. Consider the stress you experience as you try to navigate life while being a parent and caring for your own aging parents. Do you want to repeat the cycle of stress by failing to plan for your retirement? No, of course you don't. However, by letting guilt and the needs of the moment dictate your financial choices, you may end up in that place. (See also: <a href="http://www.wisebread.com/6-financial-steps-to-take-when-your-aging-parents-move-in?ref=seealso" target="_blank">6 Financial Steps to Take When Your Aging Parents Move In</a>)</p> <p>When you're juggling medical bills and child care costs, retirement may seem far away and unimportant. It isn't. You deserve to have your financial needs met in the future as much as your children and parents deserve to have good care now.</p> <h2>2. Take advantage of employer programs</h2> <p>If your employer offers any sort of matching contribution to your 401(k), take full advantage of that opportunity.</p> <p>As you're able, increase the amount of money you're putting into your 401(k) from each paycheck. Having it automatically deducted &mdash; which is how most employers handle contributions &mdash; will keep you from depending on these savings for your daily expenses. Your goal is to bring your savings amount to the point of maximum matching contributions from your employer. It's an easy win, as those matching contributions double your savings.</p> <h2>3. Take advantage of tax-free savings</h2> <p>If you don't have a 401(k), now is the time to set up a traditional IRA. It's another way to maximize your retirement savings, as a traditional IRA will generally allow you to defer taxes on the money you save until much later &mdash; when you start withdrawing it. Deferring taxes enables you to save more now, while you're living in the sandwich generation budget crunch.</p> <h2>4. Find and apply for available tax benefits</h2> <p>Some additional tax breaks exist for adult children who are providing full-time care for their aging parents. Talk to your CPA about the requirements for claiming your elderly parents as a dependent.</p> <p>Additionally, examine your options for claiming tax deductions for medical care and other dependent expenses such as transportation, food, and supplies. Not all costs will qualify for tax deductions, but those that do can save you a good chunk of money that can go straight into your retirement savings.</p> <h2>5. Liquidate the assets your parents no longer need</h2> <p>It can be difficult to work through big financial decisions with your aging parents, but doing so can help you both navigate the somewhat rough financial waters of elder care. (See also: <a href="http://www.wisebread.com/6-things-youll-encounter-when-taking-over-a-loved-ones-finances?ref=seealso" target="_blank">6 Things You'll Encounter When Taking Over a Loved One's Finances</a>)</p> <p>Identify the assets that are used very little but require ongoing maintenance, such as a house that's not lived in, or a boat or car that sits unused. These unused assets are financial drains. Work together to come up with a plan for liquidating them. Then put the money gained from their sale into an account that pays for your parents' monthly expenses. This relieves the financial burden you're carrying so that less of your income is required for your parents, and more of your income can go to your retirement savings.</p> <h2>6. Reduce a big, ongoing expense</h2> <p>The goal here isn't to come up with a one-time win, but to find a monthly cost that eats up your income and find a way to reduce it. Then you'll take that difference and add it to your monthly savings.</p> <p>Make a list of your monthly expenses, rank them from most to least expensive, and start going down the list with your goal in mind. You can shop for better insurance rates and a cheaper cellphone plan. You can sell the expensive car you're still making payments on, buy a cheaper one outright, and put the amount you used to spend on a car payment directly into your savings. The key is to make sure that the amount you save goes into savings; don't let it get absorbed into your budget and spent on other things.</p> <h2>7. Take a money challenge</h2> <p>A <a href="http://www.wisebread.com/7-smart-money-challenges-you-can-totally-do?ref=internal" target="_blank">money challenge</a> is a fun but temporary way to reduce your costs and increase your savings by cutting an expense for a short amount of time. It's doable because it's temporary, which also makes it fun. You might not want to haggle over expenses or shop from thrift stores all the time; however, you can do it for a month or so and use what you save to add to your retirement.</p> <h2>8. Invest in a hobby that makes money</h2> <p>Taking on yet another responsibility may seem impossible. However, prioritizing your own interests &mdash; in this case, one that can make you some money &mdash; is a good idea. You need time to dedicate to your own interests in this time of intense caregiving. If you put time into developing a <a href="http://www.wisebread.com/10-awesome-money-making-hobbies?ref=internal" target="_blank">hobby that has income potential</a>, you'll be able to add to your retirement fund.</p> <p>If finding the time is an issue (and of course it is!), don't be shy about asking family members and friends to pitch in on child care and parent care. You may handle most of the responsibility for your aging parents, but you don't have to do everything yourself. Set up a schedule so that adult siblings, cousins, and community members take on caregiving for a day or afternoon out of the week. Use that time to work on your side hustle, and funnel the money you make from it straight into your retirement savings.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fhow-to-save-for-retirement-while-caring-for-kids-and-parents&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FHow%2520to%2520Save%2520for%2520Retirement%2520While%2520Caring%2520for%2520Kids%2520and%2520Parents.jpg&amp;description=How%20to%20Save%20for%20Retirement%20While%20Caring%20for%20Kids%20and%20Parents"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/How%20to%20Save%20for%20Retirement%20While%20Caring%20for%20Kids%20and%20Parents.jpg" alt="How to Save for Retirement While Caring for Kids and Parents" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/annie-mueller">Annie Mueller</a> of <a href="http://www.wisebread.com/how-to-save-for-retirement-while-caring-for-kids-and-parents">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-help-your-parents-retire">How to Help Your Parents Retire</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-your-daily-latte-wont-sink-your-retirement-savings">Why Your Daily Latte Won&#039;t Sink Your Retirement Savings</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-you-can-cut-costs-right-before-you-retire-0">6 Ways You Can Cut Costs Right Before You Retire</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-age-milestones-that-impact-your-retirement">6 Age Milestones That Impact Your Retirement</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-questions-financial-advisers-hear-most-often">8 Questions Financial Advisers Hear Most Often</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Family Retirement aging parents caregiving cutting costs extra income IRA raising kids sandwich generation saving money taxes Thu, 14 Sep 2017 08:31:09 +0000 Annie Mueller 2019188 at http://www.wisebread.com 14 Best Side Jobs For Fast Cash http://www.wisebread.com/14-best-side-jobs-for-fast-cash <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/14-best-side-jobs-for-fast-cash" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-621729028.jpg" alt="Woman working side job for fast cash" title="" class="imagecache imagecache-250w" width="250" height="142" /></a> </div> </div> </div> <p><when you="" need="" money="" have="" several="" options.="" could="" sell="" a="" bunch="" of="" refinance="" the="" or="" borrow="" from="" friends="" relatives.="" look="" into="" something="" much="" getting="" side="" gig.="" href="http://www.wisebread.com/13-ways-to-make-money-online-that-arent-scams?ref=seealso">When you need money fast, you have several options. You could sell a bunch of stuff, refinance the house, or borrow money from friends or relatives. Or, you could look into something much simpler: getting a side gig. (See also: <a href="http://www.wisebread.com/13-ways-to-make-money-online-that-arent-scams?ref=seealso" target="_blank">13 Ways to Make Money Online That Aren't Scams</a>)<br /> </when></p> <p>Side gigs are not exactly second jobs, because they come with a lot more flexibility and leave you in control of your hours and commitment. But, they can still be invaluable sources of income when you're really in a pinch. If you're ready to start bringing in some extra money, quickly, here are some great places to start.</p> <h2>1. Drive for Uber or Lyft</h2> <p>If you have a car, and you don't mind adding some extra miles, driving for either Uber or Lyft is a great way to earn extra money in a very short amount of time. As a driver, you can set your own schedule and work on your own time. You could even sign up to drive up for both services. Uber drivers can earn between $13 to $30 an hour, while Lyft drivers can earn anywhere from $8 to $25 an hour. (See also: <a href="http://www.wisebread.com/how-to-earn-extra-money-driving-for-uber-or-lyft?ref=seealso" target="_blank">How to Earn Extra Money Driving for Uber or Lyft</a>)</p> <h2>2. Rent out a room in your home with Airbnb</h2> <p>This isn't for everyone, but if you have a guest room, or can find a way to make one in your home, you can rent out the space on Airbnb. Some people do this seasonally, and others rent their space year round. It can become very lucrative, especially if you live in cities that experience tourism surges throughout the year. Some people have made up to $60,000 a year from Airbnb. (See also: <a href="http://www.wisebread.com/5-easy-ways-to-make-good-money-from-airbnb?ref=seealso" target="_blank">5 Easy Ways to Make Good Money From Airbnb</a>)</p> <h2>3. Become a mystery shopper</h2> <p>If you are out and about a lot, you can turn that into a profit. Mystery shopping is something that happens daily around the world in thousands of stores. The idea is to help businesses improve their experiences, and they are willing to pay for genuine feedback. While you may only earn $5&ndash;$20 per store, it can really add up. In 2013, one person <a href="https://www.forbes.com/sites/learnvest/2013/03/01/how-i-made-14000-a-year-mystery-shopping/#190196164feb">made $14,000 in one year</a>. (See also: <a href="http://www.wisebread.com/check-out-these-5-legit-mystery-shopping-gigs?ref=seealso" target="_blank">Check Out These 5 Legit Mystery Shopping Gigs</a>)</p> <h2>4. Become a &quot;tasker&quot;</h2> <p>There are other sites offering similar gigs, but TaskRabbit is the leading provider of small services right now. The idea is simple enough; you make yourself available to do small tasks, and the site matches you with people who want things done. It could be hauling large items, assembling furniture, cleaning, yard work, or even small repairs. You set your own rate, your own hours, and your availability. You could do it on weekends, mornings, or evenings. The site takes roughly 15 percent to 30 percent of the advertised rate. For example, if the customer sees $100/hr, you would get between $70&ndash;$85 for the task. It all depends on the type of service. So far, taskers have loved the experience. (See also: <a href="http://www.wisebread.com/4-ways-to-make-money-doing-household-chores?ref=seealso" target="_blank">4 Ways to Make Money Doing Household Chores</a>)</p> <h2>5. Sell things on eBay</h2> <p>Start with items you have laying around the house that you just don't need any more. You might be surprised at the money you can make just by putting these things up for sale. If you're not sure how to price something, do a quick search on eBay's &quot;sold listings&quot; to see what an item's typical selling price is, and then use that as a template for your own auction. You can easily make a few hundred dollars in the first week alone. (See also: <a href="http://www.wisebread.com/11-easy-ways-to-earn-more-on-ebay?ref=seealso" target="_blank">11 Easy Ways to Earn More on eBay</a>)</p> <h2>6. Take online surveys</h2> <p>How does an extra $250 per month sound? Well, it's achievable by taking online surveys in your downtime. Some survey sites offer just a few dollars for a lot of work, so make sure you do your research and sign up with companies that are known for reasonable payouts. (See also: <a href="http://www.wisebread.com/can-i-really-make-money-taking-surveys?ref=seealso" target="_blank">Can I Really Make Money Taking Surveys?</a>)</p> <h2>7. Dog walking or pet sitting</h2> <p>If you're an animal lover, dog walking and pet sitting is another quick and easy way to raise some extra cash. Many dog owners just don't have the time (or the energy) to walk their dogs, and are more than happy to pay someone else to do it. The money is excellent, with the average walk paying $1 per minute, according to Angie's List. If you walk a few dogs at once, you can bring in $40&ndash;$60 every morning for just a half-hour of work. Similarly, you can make money pet sitting. Angie's List reports around $50 per day for pet sitting. (See also: <a href="http://www.wisebread.com/get-rich-walking-dogs-in-9-easy-steps?ref=seealso" target="_blank">Get Rich Walking Dogs in 9 Easy Steps</a>)</p> <h2>8. Cook meals for people with Feastly and EatWith</h2> <p>This concept has been called the &quot;Airbnb for dinner&quot; and it's really starting to take off. If you have a knack for cooking, but don't want to work in a kitchen or open a restaurant, then Feastly or EatWith could be just for you. The basic idea is that you cook a meal for a group of strangers, usually at a place where you host. The strangers get to share an exciting meal with a group of new people, and you get to show off your culinary skills and make a nice profit. EatWith states you can <a href="https://www.eatwith.com/brand/be-a-host/" target="_blank">make up to $700</a> per event, and Feastly says you get around <a href="https://eatfeastly.zendesk.com/hc/en-us/articles/220771648-Does-Feastly-charge-a-fee-for-each-transaction-" target="_blank">88 cents on the dollar</a> for whatever you charge.</p> <h2>9. Participate in clinical trials</h2> <p>How far are you willing to go to get some money in a hurry? Well, every year hundreds of companies require human guinea pigs to test the safety of their products. By the time the trials come to humans, they have already undergone some rigorous testing, so the chances of making you sick are slim. But, there's still a chance, so know this going into it. However, you can make some serious money from this kind of side hustle. Some clinical trials pay as much as several thousand dollars. (See also: <a href="http://www.wisebread.com/making-money-from-clinical-trials-worth-the-risk?ref=seealso" target="_blank">Making Money From Clinical Trials: Worth the Risk?</a>)</p> <h2>10. Rent out your friendship</h2> <p>Are you a people person? The life and soul of the party? Then you should rent out your friendship with RentAFriend.com. The pay is not great, usually $10 an hour or less. But, you're making money doing things most people spend money on. From going to movies and amusement parks, to nightclubs and bowling, there are a lot of people out there who just need a friend for the evening. You could be that friend, and earn a tidy sum at the same time.</p> <h2>11. Become a background artist</h2> <p>Also known as &quot;extras,&quot; these actors are used to fill out the scenes of TV shows and movies so that everything looks as true to life as possible. There is usually work to be found in almost every state, although it's not always glamorous. Background artists are paid on a sliding scale based on what kind of performance is required, whether you're in a union, and if you speak or not (if you do, you get more money). Check out Backstage.com for more information. (See also: <a href="http://www.wisebread.com/look-ma-im-on-tv-life-as-a-background-actor?ref=seealso" target="_blank">Look Ma! I'm on TV! Life as a Background Actor</a>)</p> <h2>12. Officiate weddings</h2> <p>Did you know that almost anyone can become ordained to officiate weddings? And, in many cases it costs absolutely nothing to get the credentials you need. Once you get the legal authority to perform weddings, you can then hire yourself out. The average cost to preside over the ceremony and read the vows comes in between $300&ndash;$500 per wedding. Do one of these every weekend, and you're looking at up to $2,000 extra every month for very little work. Of course, you have to be a good public speaker, and love weddings.</p> <h2>13. Tutor students</h2> <p>Do you have a particular area of expertise that would be useful to a student? From math and science, to music and foreign languages, parents across the country are always looking for people to help their children advance in school. You can advertise your services on a site like Craigslist, and meet your clients at local libraries or their own homes. You can easily make $15&ndash;$30 per hour, or more. You can also <a href="http://www.wisebread.com/how-to-earn-1000-a-month-or-more-as-an-online-tutor?ref=internal" target="_blank">make money as an online tutor</a>.</p> <h2>14. Model for art students</h2> <p>Art models do not have to be Greek gods. Most art colleges would actually prefer a range of body types, because students need a wide variety of models to hone their skills. To become an art model, understand that you will be stripping off in front of strangers who will be staring at every wrinkle and blemish. So, you should be very comfortable in your own skin. You also have to realize that you could be holding some poses for up to an hour (although you will be allowed to take short breaks). If this all seems like no big deal to you, then apply at a local art college or night class, and you can easily make $20 per hour, or more. (See also: <a href="http://www.wisebread.com/8-freelance-gigs-anyone-can-do-to-make-extra-money?ref=seealso" target="_blank">8 Freelance Gigs Anyone Can Do to Make Extra Money</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F14-best-side-jobs-for-fast-cash&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F14%2520Best%2520Side%2520Jobs%2520For%2520Fast%2520Cash.jpg&amp;description=14%20Best%20Side%20Jobs%20For%20Fast%20Cash"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/14%20Best%20Side%20Jobs%20For%20Fast%20Cash.jpg" alt="14 Best Side Jobs For Fast Cash" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/14-best-side-jobs-for-fast-cash">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-can-earn-more-money-heres-how">You CAN Earn More Money — Here&#039;s How</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-side-jobs-for-people-who-are-good-with-money">6 Side Jobs for People Who Are Good With Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-new-income-streams-anyone-can-create">5 New Income Streams Anyone Can Create</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income extra income side jobs Tue, 08 Aug 2017 08:00:06 +0000 Paul Michael 1995781 at http://www.wisebread.com Who Really Benefits From a Class-Action Settlement? http://www.wisebread.com/who-really-benefits-from-a-class-action-settlement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/who-really-benefits-from-a-class-action-settlement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-481471171.jpg" alt="class action lawsuit" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A couple years ago I got an unexpected letter in the mail. A company where I had interviewed for a job 10 years prior was accused of using discriminatory hiring practices. My human resources record with the company had been unsealed as a result of the lawsuit and, according to this letter from the lead law firm for the plaintiffs (the people filing the lawsuit), I had been discriminated against during the hiring process. I needed to respond with a phone call and letter confirming that I had indeed interviewed during that specific time frame.</p> <p>The letter struck a chord. I had indeed gone through a harrowing interview process with that company and I was devastated when I didn't get an offer because they were my dream company to work for at the time. Their reasons for not hiring me were very hurtful (they were actually honest about their discrimination when it happened), and it left a scar on me that persisted for a long time.</p> <p>About a year after the law firm contacted me, I received a sizable check in the mail for a settlement. This incident prompted my interest in class-action lawsuits and who benefits from them. You see stories about class-action settlements all the time in the news, and you may even get contacted if you purchased a certain product within a period of time, with a message saying you could be entitled to a settlement. Many of these settlements will only yield a few dollars per person, so the effort put forth may not be worth it, but how can you tell?</p> <p>Here's what I learned from this experience.</p> <h2>Settlements vary widely</h2> <p>Depending upon the damage done to plaintiffs and the number of plaintiffs in a case, the amount of a settlement varies widely from a handful of dollars to thousands of dollars per plaintiff. Almost all class-action suits that resolve favorably for plaintiffs result in a monetary settlement. As a plaintiff, you don't have much, if any, say in how the case is argued, the way the firm representing the plaintiffs presents the evidence, the amount of the settlement, or even when to take a settlement rather than continuing to litigate. (See also: <a href="http://www.wisebread.com/8-smart-things-to-do-with-your-settlement-money?ref=seealso" target="_blank">8 Smart Things to Do With Your Settlement Money</a>)</p> <h2>How to track them down</h2> <p>In my case, I was fortunate that the law firm directly contacted me at my home address. I didn't even know the lawsuit was underway. I thought it was odd that I wasn't aware of this, but actually, it's not that uncommon.</p> <p>Many people don't realize a lawsuit is underway unless it makes headline news. Fortunately, you can keep tabs on some class-action suits by checking <a href="http://www.consumer-action.org/lawsuits" target="_blank">Consumer Action</a>. If you suspect you may be entitled to money from a class-action lawsuit, type in the name of the company being sued, for example, and see what pops up. If you do find something, this website provides instructions on how to file your claim as part of the lawsuit.</p> <h2>Who cashes in?</h2> <p>The law firm of Mayer Brown LLP did an empirical <a href="http://www.instituteforlegalreform.com/uploads/sites/1/Class_Action_Study.pdf" target="_blank">study of 148 consumer or employee class action suits</a> that were filed in or removed to federal court in 2009. This kind of study is very rare and it turned up some disappointing data.</p> <ul> <li>It turns out, 14 percent of cases during that period had not reached a resolution.</li> <li>Of the 86 percent that did have a resolution, less than a third involved any kind of settlement for the plaintiffs. So most of the time, there was absolutely no benefit to those who were suing the company.</li> <li>Also, of the 86 percent that did have a resolution, not a single one went to trial. This means that the merits of the plaintiff complaints were never fully considered by a judge or jury in any of the cases.</li> </ul> <h2>Given the data, should you participate?</h2> <p>Should you even participate in a class-action suit? That's a very personal question and despite the data, I would say &quot;maybe.&quot; If, like my class-action participation, there is a high amount of potential payout versus time involved to participate, then it can be worth it.</p> <p>For 10 years, I felt badly about what had happened to me with that potential employer, so the emotional stakes were high. But the time investment needed to participate was small. It took me just 15 minutes to make the phone call to the law firm, confirm my details, and send them a short letter. I didn't have to do anything else. I didn't have to pay anyone any money to participate or to collect my settlement. Through my research, I found out that my case was the very best case scenario of a class-action suit. The vast majority don't resolve nearly as favorably as mine did.</p> <p>Even if my class-action suit hadn't resulted in any kind of settlement for me, I would still consider my participation worthwhile. I had felt wronged by this company for a very long time. For me, just the fact that the case had enough merit to be brought to the company's attention was a form of vindication that relieved a lot of sadness and shame for me. In my book, that's a victory.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fwho-really-benefits-from-a-class-action-settlement&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FWho%2520Really%2520Benefits%2520From%2520a%2520Class-Action%2520Settlement-.jpg&amp;description=Who%20Really%20Benefits%20From%20a%20Class-Action%20Settlement%3F"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Who%20Really%20Benefits%20From%20a%20Class-Action%20Settlement-.jpg" alt="Who Really Benefits From a Class-Action Settlement?" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/christa-avampato">Christa Avampato</a> of <a href="http://www.wisebread.com/who-really-benefits-from-a-class-action-settlement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-strange-ways-online-shopping-has-changed-the-world">6 Strange Ways Online Shopping Has Changed the World</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-questions-to-ask-before-buying-refurbished-appliances">4 Questions to Ask Before Buying Refurbished Appliances</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-ways-to-be-the-perfect-customer">10 Ways to Be the Perfect Customer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">10 Classic Impulse Buys We Need to Stop Falling For</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-7-dumbest-big-purchases-people-make">The 7 Dumbest Big Purchases People Make</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs cash in cash settlement class-action settlement extra income lawsuit legal settlement shopping Mon, 31 Jul 2017 08:30:09 +0000 Christa Avampato 1992968 at http://www.wisebread.com 5 Ways to Earn Extra Money With a Healthy Lifestyle http://www.wisebread.com/6-ways-to-earn-extra-money-with-a-healthy-lifestyle <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-earn-extra-money-with-a-healthy-lifestyle" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/morning_run_through_the_city.jpg" alt="Morning run through the city" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Whether you made yourself a promise to eat better, exercise more, or become healthier, you'll dramatically increase your chances of success by earning some bucks every time you stick to your plan. Here's a list of apps and sites that can help you turn your healthy lifestyle into a decent side hustle.</p> <h2>1. Explore your neighborhood for job opportunities</h2> <p>Use the <a href="https://jobspotter.indeed.com" target="_blank">Job Spotter</a> app from Indeed to explore your neighborhood in search of local help wanted ads.The app gives you five to 150 points per eligible shot of help wanted ads and allows you to convert points into Amazon gift card codes (one point = one cent in Amazon credit). A stroll through your nearest mall or marketplace could help you get a couple extra dollars. Yours truly made $42.37 in Amazon gift cards in 21 days.</p> <h2>2. Bet on your fitness goals</h2> <p>With <a href="https://www.stepbet.com/" target="_blank">StepBet</a>, you can put your money where your mouth is. By placing around a $40 bet, you'll join other players in a competition to meet personalized step goals every week for the entire duration of the competition. If you hit all of your personalized goals, then you split the pot with all the others that did, as well. (See also: <a href="http://www.wisebread.com/6-apps-that-pay-you-to-workout?ref=seealso" target="_blank">6 Apps That Pay You to Workout</a>)</p> <h2>3. Compete with friends on weight loss</h2> <p>With <a href="https://www.healthywage.com/" target="_blank">HealthyWage</a>, you can make a bet to lose a certain amount of weight over a period of time and win cash prizes. For example, if you were to bet $50 per month that it would take you up to nine months to lose 30 pounds, you could win from $500 to $1,323.53 in cash prizes.</p> <p>However, by joining forces with four more friends or relatives, you could compete for three top prizes of $10,000, $5,000, and $3,000! You just need to bet $25 per member per month for three months. To get at least your money back, you must lose at least 10 percent of your body weight within a nine-month period.</p> <h2>4. Track your weight loss goals</h2> <p>Every time you enter your weight into the <a href="https://www.walgreens.com/balancerewards/balance-rewards.jsp" target="_blank">Walgreens Balance Rewards</a> program, you'll get 20 points. With these points, you can accumulate points for dollars off your purchases at Walgreens. Every 5,000 points are redeemable for a $5 discount, but once you hit 30,000 points, you'll get bonus points (30,000 points and 40,000 points are redeemable for a $35 and $50 discount, respectively).</p> <h2>5. Walk dogs</h2> <p>Companies like <a href="https://wagwalking.com/dog-walker" target="_blank">Wag</a> and <a href="https://www.rover.com/?ref=header" target="_blank">Rover</a> are looking for individuals age 18 and over who are able to walk dogs for a few hours a day. If you're outgoing, eager to hang out with some cute pups, and looking to increase your daily step count, this is a great side gig. (See also: <a href="http://www.wisebread.com/8-ways-to-get-fit-while-hanging-out-with-animals?ref=seealso" target="_blank">8 Ways to Get Fit While Hanging Out With Animals</a>)</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F6-ways-to-earn-extra-money-with-a-healthy-lifestyle&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%2520Ways%2520to%2520Earn%2520Extra%2520Money%2520With%2520a%2520Healthy%2520Lifestyle.jpg&amp;description=5%20Ways%20to%20Earn%20Extra%20Money%20With%20a%20Healthy%20Lifestyle"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Ways%20to%20Earn%20Extra%20Money%20With%20a%20Healthy%20Lifestyle.jpg" alt="5 Ways to Earn Extra Money With a Healthy Lifestyle" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/damian-davila">Damian Davila</a> of <a href="http://www.wisebread.com/6-ways-to-earn-extra-money-with-a-healthy-lifestyle">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-easy-ways-to-fix-your-whole-life-this-summer">11 Easy Ways to Fix Your Whole Life This Summer</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-i-make-800-on-month-on-ebay-selling-used-clothes">How I Make $800 on Month on eBay Selling Used Clothes</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-bodily-fluids-you-can-exchange-for-cash">5 Bodily Fluids You Can Exchange for Cash</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Health and Beauty apps extra cash extra income healthy eating healthy lifestyle living well side hustle working out Fri, 14 Jul 2017 08:31:05 +0000 Damian Davila 1984016 at http://www.wisebread.com How I Make $800 on Month on eBay Selling Used Clothes http://www.wisebread.com/how-i-make-800-on-month-on-ebay-selling-used-clothes <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-i-make-800-on-month-on-ebay-selling-used-clothes" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-181129866.jpg" alt="Woman making $800 a month by selling clothes on eBay" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>When I graduated from college and started my first job, I was on a strict budget. I was always looking for ways to make extra cash and save money. I built my work wardrobe entirely from thrift store finds. It was while I was thrifting that I stumbled across one of my most lucrative side gigs: reselling clothes on eBay.</p> <h2>How I got my start</h2> <p>I love NYDJ jeans. They're the only jeans that fit me off the rack without tailoring. But they cost about $120 brand-new, which was way outside my budget. I would peruse the thrift store aisles, hoping to find a pair in my size.</p> <p>One day I did find a pair, but they were three sizes too small. But at just $4, they were too good of a deal to pass up. I bought them, thinking one of my friends would want them. But on a whim, I decided to check how much they go for on eBay. A used pair often goes for $30 or $40. I sold that first pair within a week and pocketed $25, after fees.</p> <p>It got me thinking about other things I could sell online. Within a few weeks, I was selling about 20 items a week and pocketing $800 a month in profits.</p> <h2>Building this hobby into a business</h2> <p>At first, I started very small. I bought just a few items at a time to sell and had very little in terms of supplies. I mostly relied on free priority shipping envelopes from the post office and printed shipping labels at the library. (See also: <a href="http://www.wisebread.com/from-fine-to-fabulous-7-ways-to-improve-your-ebay-business?ref=seealso" target="_blank">From Fine to Fabulous: 7 Ways to Improve Your eBay Business</a>)</p> <p>But once I had made several hundred dollars from this, I started taking it more seriously and reinvested in my business. I added the following tools and supplies to support the expansion.</p> <h3>Bulk vinyl envelopes for shipping</h3> <p>By switching to the vinyl envelopes and the scale, I could ship for much less money.</p> <h3>A dress form</h3> <p>The dress form made my clothes look better in photographs and helped make them more appealing to buyers.</p> <h3>Professional business cards</h3> <p>I also researched the competition, and ordered business cards with my eBay store name on them.</p> <h3>HTML templates</h3> <p>Another thing I noticed was that other sellers weren't just typing in the item description like I was. They had polished templates. I had zero HTML experience, but I found free eBay store templates, and I learned enough in order to customize them. It made my store look much more professional, and buyers were more comfortable buying from me.</p> <h3>Better photos</h3> <p>Other sellers also removed the backgrounds in their photos to highlight the items better. I mimicked that approach with a site that does the work for you, and I saw an increase in my selling prices.</p> <h2>Focusing on eBay best-sellers</h2> <p>Just about anything sells on eBay. But if you're looking to start your own store, it's a good idea to pick a niche you know well. By focusing on a specific customer type, you can build up your clientele and get repeat customers. (See also: <a href="http://www.wisebread.com/5-things-you-can-resell-on-ebay-that-make-the-most-money?ref=seealso" target="_blank">5 Things You Can Resell on eBay That Make the Most Money</a>)</p> <p>I've helped new sellers get started on eBay, and one of the most common problems that comes up is when a seller is tempted to sell things outside their niche. You might stumble across a set of china or sports equipment that just looks expensive. But unless you know a lot about that kind of item, you have no idea if it's junk or a treasure. And buying inventory without knowing if it will turn a profit can be a costly mistake.</p> <p>My niche was women's clothing, particularly workwear. I specialized in jackets, suits, dresses, and cardigans. I'd look for name brands and quality fabrics &mdash; cashmere, angora, and lamb's wool &mdash; and items in excellent condition. I'd check out thrift stores, estate sales, flea markets, and clothing swaps.</p> <p>If I thought an item looked to be high-quality but didn't recognize the brand, I'd search for it on eBay. Under &quot;filters,&quot; you can search for sold listings. The results would let me know if the item would sell for enough money to make it worthwhile; with eBay's fees, I aimed to sell items for at least four times what I paid for it. (See also: <a href="http://www.wisebread.com/10-things-you-should-always-buy-and-sell-on-ebay?ref=seealso" target="_blank">10 Things You Should Always Buy and Sell on eBay</a>)</p> <h2>Cashing in on eBay</h2> <p>By being diligent, I was able to make nearly $10,000 in one year from selling on eBay. That was money I used to pay down debt and bulk up my savings, and it gave me much-needed room in my budget. You can get started selling without a lot of startup costs or expenses, so you can start making money right away.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kat-tretina">Kat Tretina</a> of <a href="http://www.wisebread.com/how-i-make-800-on-month-on-ebay-selling-used-clothes">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-easiest-items-to-flip-for-cash">10 Easiest Items to &quot;Flip&quot; for Cash</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/13-businesses-your-tween-can-start">13 Businesses Your Tween Can Start</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/selling-stuff-online-avoid-these-8-flipping-mistakes">Selling Stuff Online? Avoid These 8 Flipping Mistakes</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-you-can-earn-18-to-25-an-hour-with-amazon-flex">How You Can Earn $18 to $25 an Hour With Amazon Flex</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Shopping declutter earn more money extra income extra money sell your stuff selling clothes side gig side hustle Wed, 26 Apr 2017 09:00:10 +0000 Kat Tretina 1934680 at http://www.wisebread.com 4 Reasons You Might Have a "Phased" Retirement http://www.wisebread.com/4-reasons-you-might-have-a-phased-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/4-reasons-you-might-have-a-phased-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-610450660.jpg" alt="Man learning why he might have a phased retirement" title="" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>The prospect of working full-time one day and then heading into a complete retirement the next doesn't work for everyone. Some people don't want to work a full-time schedule as they get older, but they don't want to completely ditch the working life altogether.</p> <p>Instead, they prefer what is known as a &quot;phased&quot; retirement. Rather than leaving the working world completely, they work on a part-time basis for several years, or even pursue freelance or small business opportunities, until they are ready to retire permanently. (See also: <a href="http://www.wisebread.com/6-great-retirement-jobs?ref=seealso" target="_blank">6 Great Retirement Jobs</a>)</p> <p>Some will embark on a phased retirement because they want to stay active. Others will do so because they have little other choice; they need the money from part-time work to supplement their retirement income.</p> <p>As you near your retirement age, a phased retirement might be in your future. Here are four reasons why you might choose this nontraditional retirement path.</p> <h2>Your current employer offers a version of phased retirement</h2> <p>A growing number of large employers are offering flexible retirement options for their workers. According to a 2015 report from WorldatWork, about 30 percent of large employers &mdash; those with 1,000 or more workers &mdash; offer flexible retirement plans, anything from allowing their employees to work on a part-time basis to letting them participate in job-sharing programs.</p> <p>If you're fortunate enough to work for a company that offers such a program, entering a phased retirement will be relatively easy. Instead of working full-time for your company, you'll shift to part-time or job-sharing duties. This could be a simple way for you to slow your work schedule while remaining active in the working world and bringing in extra funds each month.</p> <h2>You need the money</h2> <p>The most common reason why older workers choose a phased retirement is because they need the money. Not everyone enters their retirement years flush with cash. Even with Social Security benefits, savings, and, for the fortunate few, pensions, many retirees can't afford to maintain the lifestyle they want. Working on a part-time basis, or starting their own consulting services, can help these seniors afford the retirement they want.</p> <p>The key to deciding whether phased retirement is a smart move is to create a detailed budget that lists all of your retirement-year expenses. Depending on where you want to live and whether you want to boost your travel, the income from a phased retirement could make all the difference in how happy your retirement years might be. (See also: <a href="http://www.wisebread.com/9-easy-ways-retirees-can-earn-extra-income?ref=seealso" target="_blank">9 Easy Ways Retirees Can Earn Extra Income</a>)</p> <h2>You'd be bored without working</h2> <p>Then there is the specter of boredom. Relaxing days spent reading books, golfing, binge-watching TV, and visiting your grandchildren might sound great when you're commuting to work every day. But in reality, retirement can be long and boring. You might find that you don't have enough to fill the hours of your suddenly emptier days. You can only travel so much, after all.</p> <p>A phased retirement might be the solution. You can still travel, visit your family, and spend relaxing afternoons catching up on your reading or pursuing favored hobbies. But you don't have to relax all the time. By working on a part-time basis, you'll retain some of the structure that many people need in their days.</p> <p>And if alleviating boredom is the issue and not a lack of retirement funds, you're free to pursue only that work which interests you the most.</p> <h2>You've always wanted to be your own boss</h2> <p>Maybe you won't spend your phased retirement working for your former employer. Maybe you won't spend it working with any company. You might spend your phased retirement working for yourself.</p> <p>Your retirement years might give you the opportunity to finally start that business you always dreamed of running. Maybe you've always loved animals and you want to start your own pet-sitting or dog-walking business. Maybe you're the inventive type who's created your own product. In your retirement years, you can devote more energy to building a business around this invention.</p> <p>If the entrepreneurial spirit has always burned inside you, a phased retirement might provide the perfect opportunity to unleash it. Freed from the chore of driving into work each day, sitting through meetings, and filing reports, your retirement years can provide you the time you've always lacked to finally build your own business.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/4-reasons-you-might-have-a-phased-retirement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-save-for-retirement-while-caring-for-kids-and-parents">How to Save for Retirement While Caring for Kids and Parents</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-millennial-money-habits-every-retiree-should-learn">6 Millennial Money Habits Every Retiree Should Learn</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-cool-jobs-for-retirees">6 Cool Jobs for Retirees</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-your-daily-latte-wont-sink-your-retirement-savings">Why Your Daily Latte Won&#039;t Sink Your Retirement Savings</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-are-people-retiring-in-their-30s">How Are People Retiring in Their 30s?!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement extra income part time jobs phased retirement retirees saving money self employment small businesses Tue, 04 Apr 2017 18:21:50 +0000 Dan Rafter 1918287 at http://www.wisebread.com 11 Good Money Habits That Will Keep You Out of Debt http://www.wisebread.com/11-good-money-habits-that-will-keep-you-out-of-debt <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-good-money-habits-that-will-keep-you-out-of-debt" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_glasses_smile_518885222.jpg" alt="Woman with good money habits staying out of debt" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Staying on the straight and narrow, especially when it comes to your finances, can feel like a struggle. Recreational activities, impulse buys, monthly bills, and unexpected expenses lurk around every corner, and if you're not careful, you can slide into debt without really trying.</p> <p>If you practice good money habits as a general life philosophy, however, you're giving yourself the best chance of staying in the black consistently &mdash; and perhaps even making those coveted savings gains. Here's how.</p> <h2>1. Create a Budget Based on Life Goals &mdash; Not Numbers</h2> <p>Every article you read about how to improve your personal finances includes creating and maintaining a budget. That's because actively keeping track of what's coming and going helps you manage your money more responsibly than simply throwing caution (and cash) to the wind. But your budget is only serving a single purpose when it's strictly rooted in numbers opposed to relating to your personal activity and short- and long-term goals &mdash; like an upcoming vacation or contributions to your retirement fund, for instance.</p> <p>As such, instead of living your life around your budget, you'll find much more satisfaction in building your budget around your life. By planning ahead for expenses, even frivolous things, you can identify the areas where your budget is lacking and (hopefully) close those holes by either amending your plans to accommodate your cash flow or increasing your income to afford the things that make you happy.</p> <p>I recommend the latter, of course &mdash; because you only live once.</p> <h2>2. Charge Only What You Can Afford to Pay Off Every Month</h2> <p>Let's get something straight here: Credit is not as dastardly an institution as you've been led to believe. Yes, there are credit cards with astronomical APRs. And, yes, there are credit cards with ridiculous late fees. But at the end of the day, you're responsible for reading the fine print (you know it's there!), and nobody is forcing your hand in accepting an offer.</p> <p>Still, credit is attractive because it allows us the freedom to have more than we can afford. But whose problem is that when you can't pay the bill? All yours. Avoid this downward spiral by making your credit card payments top priority each cycle.</p> <p>&quot;Credit cards are not evil, but they can make a mess of your finances if used unwisely,&quot; says savings expert Kendal Perez. &quot;Ultimately, you should only charge what you can afford to pay off every month. Using your credit card to pay bills is a smart strategy since you have to pay these expenses anyway, and using credit means accruing points, rewards, or travel miles to offset future expenses.&quot;</p> <p>See also: <a href="http://www.wisebread.com/fastest-way-to-pay-off-10000-in-credit-card-debt?ref=seealso2" target="_blank">12 Habits of Responsible Credit Card Users</a></p> <h2>3. Look for Savings on Everything You Buy</h2> <p>I personally save many thousands of dollars every year by being a smart shopper, because there are few things I buy for which I don't have a coupon or discount. From dining out to going to the movies to the clothes I wear to the gas I put in my vehicle &mdash; everything comes with savings.</p> <p>It's not hard to get into this habit, either. I save by using loyalty cards, clipping coupons, redeeming cash back deals, signing up for promotional emails, waiting for items I want to go on sale, shopping clearance sections, and buying secondhand, among a myriad of other strategies. It's like a game for me, and I hardly ever spend money on something for which there are no savings; I look for a cheaper alternative instead. It's a major reason why I always have enough money in the bank to cover my bills, plus add to savings while still doing the things I like to do every month.</p> <h2>4. Buy Groceries Based on What's on Sale and in Season</h2> <p>Groceries are one of the biggest spending categories for Americans, next to mortgages and insurance. Instead of buying what you're craving, buy groceries based on what's in season and what's on sale. (See also: <a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries?ref=seealso" target="_blank">The 5 Best Credit Cards for Groceries</a>)</p> <p>&quot;This will require some meal planning, but you can craft similar meals based on what's on sale each week,&quot; explains Perez. &quot;Use a tool like Flipp.com to easily compare grocery sales and deals between stores in your area, and consider looking for grocery coupons for items on your list through CouponSherpa.com.&quot;</p> <p>Another trick I use to cut my grocery bill is to shop the clearance section. Most supermarkets have these sections with drastically reduced prices on damaged or about-to-expire food that's still perfectly good if you get to it in time. Ask your grocer where these items are located in your store.</p> <h2>5. Organize Your Bill Payments to Avoid Lateness</h2> <p>As soon as a bill arrives, I grab my checkbook (yep, I'm old school), write out the check, and prepare the envelope. On the back of the envelope I write the dollar amount that's inside as an at-a-glance reminder, and I organize the bill on my desk according to when it's due. Then I stagger the mailings &mdash; sending each payment out about five days before it's due &mdash; to ensure that I can reconcile all the bills with my bank account.</p> <p>Consumer finance expert Kevin Gallegos offers more tips on how to avoid late payments.</p> <p>&quot;Open all mail &mdash; including bills &mdash; upon receipt, deposit all checks and cash immediately, and set up a system for payment that works for you and that you'll use consistently,&quot; he says. &quot;This might be automatic online payments, a spreadsheet, a reminder on your cell phone, or a list on the refrigerator.&quot;</p> <h2>6. Map Out Your Long-Term Financial Goals</h2> <p>The only way you'll get ahead in your finances is if you know where you're going. Take a look at what's coming up in terms of required expenses and also think about some of the things you'd like to do with your money. Do you want to go back to school, on vacation, or purchase a new car or home? Set these milestones as goals and calculate what it'll take financially to reach them, then start saving in increments along an established timeline.</p> <h2>7. Review Your Finances on a Regular Basis</h2> <p>Reviewing your finances on a &quot;regular basis&quot; is a relative term, but I typically suggest once a month. There's value in doing it more often, however &mdash; like once to twice a week &mdash; according to personal finance expert Larry Jacobson.</p> <p>&quot;You need to set regular intervals to stay on the right path,&quot; he says. &quot;That way, you can course correct, if necessary, before it's too late.&quot;</p> <p>When reviewing your finances, be sure to cover all your bases. Browse your credit score for any errors, review bank and credit card statements for inconsistencies, and make sure all checks have posted. It's also a good idea to call your service providers once a year to inquire about better deals, like cheaper mobile phone or cable plans.</p> <h2>8. Treat Savings Like One of Your Monthly Bills</h2> <p>Instead of regarding contributions to your savings as a chore, start considering it a requirement, says Gallegos. Treat your savings deposits like a monthly bill; find that extra money somewhere in your budget (a reasonable amount that you can handle) and tuck it away as if you'll be penalized if you don't. You may have to make a sacrifice somewhere else, like in your &quot;fun&quot; fund, but, well, that's life.</p> <h2>9. Learn to Live Below Your Means</h2> <p>If you're one of those people who responds well to logic, here's a pro tip on staying debt free: Live below your means.</p> <p>&quot;Know exactly what you have to spend each month &mdash; and spend less,&quot; says Gallegos. &quot;Living beneath your means goes further than living within your means. It means taking responsibility and choosing where your money goes instead of being influenced by whims, advertising, habits, or peer pressure.&quot;</p> <p>If this is a tactic you'd like to try, you'll need to re-evaluate your budget entirely. Find items you can reduce or eliminate altogether to free up funds, like subscriptions and memberships that you aren't using to their full potential, cutting back on dining out, and reducing your monthly fuel bill by carpooling with a coworker or using public transportation more often.</p> <h2>10. Switch to a Cash-Only System</h2> <p>Here's another piece of practical advice that leads your wallet away from debt: Only pay for things in cash.</p> <p>&quot;You can't go into debt if you don't borrow,&quot; says Mike Sullivan, a personal finance consultant with Take Charge America, a nonprofit credit counseling and debt management agency.</p> <p>I recognize, of course, that that's easier said than done, so Sullivan offers a couple more strategies for holding yourself cash-accountable.</p> <p>&quot;Save with direct deposit at out of town banks,&quot; he says. &quot;You don't want your savings available on a whim; Internet banks are a good choice. And don't sign up for overdraft protection. That's agreeing in advance to spending more than you have and paying for the privilege.&quot;</p> <h2>11. Make More Money</h2> <p>One of my own personal money manifestos is to always have at least two sources of income. I'm self-employed, and I consider my media business my main source of income, but I supplement that with several side gigs, like renting out rooms in my homes on Airbnb, watching other people's pets through DogVacay, and driving for Lyft and Uber. That's three extra sources of income right there, but I'm always eager to find more ways to make money.</p> <p>I feel personally satisfied when all my bills are paid on time, money is consistently going to my savings account, and I'm cash-positive enough to enjoy life the way I want to. If you can't seem to get ahead, use your resources and carve out time to make more money. You'll achieve your financial goals and alleviate the burden of debt faster, and that can only lead to good things.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/11-good-money-habits-that-will-keep-you-out-of-debt">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/easy-budgeting-for-first-time-singles">Easy Budgeting for First Time Singles</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-handle-a-sudden-loss-of-income">How to Handle a Sudden Loss of Income</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-budget-when-you-rely-on-cash-tips">How to Budget When You Rely on Cash Tips</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-six-figures-really-that-much">Is Six Figures Really That Much?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living Budgeting bills cash extra income groceries live below your means money goals payments sales side jobs Tue, 24 Jan 2017 10:00:11 +0000 Mikey Rox 1870058 at http://www.wisebread.com Check Out These 5 Legit Mystery Shopping Gigs http://www.wisebread.com/check-out-these-5-legit-mystery-shopping-gigs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/check-out-these-5-legit-mystery-shopping-gigs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_72359019_LARGE.jpg" alt="get paid to mystery shop" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The idea of someone paying you to shop is quite an attractive draw. But unfortunately, due to rampant scams over the years, many shoppers roll their eyes at the idea of being a mystery or &quot;secret&quot; shopper. With this in mind, I want to detail some completely legitimate companies that will indeed pay you to shop and provide detailed feedback about your shopping experience.</p> <p><a href="http://www.wisebread.com/8-truths-from-a-mystery-shopper-you-must-read-before-you-get-started">Mystery shopping jobs</a> could be anything from walking into a convenience store and examining the cleanliness of the joint, to making a purchase from a major retailer and grading your overall customer service experience. It's definitely not a get-rich-quick scheme, but a legit way to make some extra money, often on shopping you'd be doing anyway. Here are a few companies worth pursuing.</p> <h2>1. BestMark</h2> <p>For over 30 years, the folks at&nbsp;<a href="https://www.bestmark.com/become_a_shopper.htm">BestMark</a> have been providing valuable data and information to retailers via their mystery shopping program. They provide 10,000+ mystery shopping assignments every month that span over 12 industries. If you're at least 19, have reliable transportation, and Internet access, you can apply for jobs in your local area. The key to success with your &quot;shops&quot; is a keen eye for detail and the ability to express them concisely via written reports. Your initial jobs, referred to as &quot;shops,&quot; will pay in the $7-$20 range each. Once you get your foot in the door and start to deliver excellent reports, your pay schedule can rise substantially.</p> <h2>2. IntelliShop</h2> <p>Variety is the spice of life with&nbsp;<a href="https://www.intelli-shop.com/about">IntelliShop</a>, as their mystery shopping program serves over 50 industries including retail, real estate, automotive, and restaurants. If you have at least a high school education, reliable vehicle, and a working computer with online access, you can apply. Preference will be given to those with strong writing skills. Noticing a pattern here? They also have a shopper rating system that allows you to move up on their pay schedule if you do solid work and avoid any &quot;Flake&quot; or &quot;Cancel&quot; citations. As for pay, expect $8-$20 per &quot;shop&quot; to start.</p> <h2>3. MarketForce</h2> <p>The team at&nbsp;<a href="http://www.marketforce.com/become-a-mystery-shopper">MarketForce</a> has been around since 1972 and has a strong track record of training skilled mystery shoppers to help improve a customer's overall experience. To qualify, you must have a high school diploma, a working computer with Internet access, and be at least 18 years old. They will reimburse you on any purchases that the &quot;shop&quot; assignment requires. And yes, you get to keep your purchases &mdash; which is a really cool perk. Jobs pay anywhere from $5-$50 depending on the time involved to complete them. It's also worth noting that higher paying gigs will require you to have a digital camera available for use.</p> <h2>4. Pinnacle Financial Strategies</h2> <p>Since 1995,&nbsp;<a href="http://pinnaclemysteryshopping.com/">Pinnacle</a> has been assisting financial institutions with valuable information via mystery shoppers. They have the same minimum requirements as the companies listed above; high school diploma, computer, and reliable transportation. They differentiate themselves by focusing on banks, credit unions, and financial service companies. Some jobs only take 2-3 minutes to complete, while others can last an hour or longer. Their pay schedule ranges anywhere from $4-$110 per job depending on the time involved. If you'd rather solely work from home, then their telephone and Internet shops could be a perfect fit for you.</p> <h2>5. Sinclair Customer Metrics</h2> <p><a href="http://www.sinclaircustomermetrics.com/Mystery_Shopping.cfm">Sinclair</a> has been around since 1987, and is one of the more reputable secret shopping companies in the U.S. Once approved, you can pick the &quot;shops&quot; that appeal to you. Their jobs include restaurants, banks, and retail establishments in your town. You'll start at $6-$15 per shop and get partial reimbursement on purchases (if required). Most of their assignments will take between 10-25 minutes to complete. Their training program is highly regarded and includes video tutorials on the &quot;shops&quot; that you've chosen to complete.</p> <h2>Red Flags It's a Scam</h2> <p>Unfortunately, not all mystery shop gigs are completely above board. Here are the sure-fire red flags that the mystery shopping job is a total scam.</p> <h3>Fee Required</h3> <p>If the company requires you to pay a fee before they give you any mystery shopping assignments, it's a scam. Legit companies will never require you to pay money.</p> <h3>Certification Required</h3> <p>If you're required to pay for training in order to be considered mystery shop &quot;certified,&quot; it's a scam. Legit companies will never make you pay for training.</p> <h3>Credit Card Number Required</h3> <p>While some companies may require your social security number for tax purposes, they'll never ask you for your credit card information.</p> <h3>You're Dealing With an Individual, Not a Company</h3> <p>If you find a mystery shopping gig via the Internet or Craigslist, and you're dealing with an individual rather than a company, it's almost positively a scam. Only deal with reputable companies that have a solid track record with the Better Business Bureau.</p> <p>For more information on avoiding mystery shopper scams, visit the Federal Trade Commission's <a href="https://www.consumer.ftc.gov/articles/0053-mystery-shopper-scams">page on mystery shopping</a>.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kyle-james">Kyle James</a> of <a href="http://www.wisebread.com/check-out-these-5-legit-mystery-shopping-gigs">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-terrible-work-from-home-jobs-you-should-avoid">8 Terrible Work-From-Home &quot;Jobs&quot; You Should Avoid</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-i-make-800-on-month-on-ebay-selling-used-clothes">How I Make $800 on Month on eBay Selling Used Clothes</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/18-cool-jobs-for-fashion-lovers">18 Cool Jobs for Fashion Lovers</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Job Hunting Shopping extra income get paid to shop job hunt job search mystery shopper mystery shopping jobs side jobs side hustle Wed, 26 Oct 2016 09:30:24 +0000 Kyle James 1820586 at http://www.wisebread.com 18 Cool Jobs for Fashion Lovers http://www.wisebread.com/18-cool-jobs-for-fashion-lovers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/18-cool-jobs-for-fashion-lovers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_fashion_jewelry_90987693.jpg" alt="Woman finding cool jobs for fashion lovers" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>When most people think about a career in fashion, they think only of being a designer or a model. Fashion, like any creative industry, is hugely competitive. Luckily, for fashionistas and garmentos, there are many different jobs in fashion to fit a variety of personalities and skill sets.</p> <p>It's important to note that while the glamorous fashion jobs like designing and modeling get all the press, it's only the very top tier of those people who actually make money. It's much easier to make a decent living on the business side of fashion. (See also: <a href="http://www.wisebread.com/6-job-perks-that-can-lead-to-a-dream-career?ref=seealso">6 Job Perks That Can Lead to a Dream Career</a>)</p> <p>Here's a list of fashion jobs that may or may not involve sewing.</p> <h2>1. Buyer</h2> <p>Fashion buyers are responsible for keeping the sales floor stocked with clothes and accessories that will sell. Although it sounds like a fun shopping gig, buying is high-stakes, speculative work. Buyers have to anticipate what customers want before they even know they want it. This means that buyers have to place orders for their winter inventory in the dead heat of summer and hope that the customers, and the weather, will line up in time for Thanksgiving.</p> <p>In addition to deciding which trends will be big three months from now, buyers work with suppliers to translate the high-fashion styles that are shown on the runway into affordable and wearable clothes that can be mass-produced for their customers.</p> <p>While it's true that buyers are <a href="https://en.wikipedia.org/wiki/Coolhunting">professional coolhunters</a>, they are also expert data analysts. The mark of a successful fashion buyer is not objective good taste; it's the sell-through rate of their inventory. Fashion buyers must work with the sales force, study sales records, and maintain a detailed purchase database to make sure that their store or department always has a high percentage of product that will sell at full price.</p> <h2>2. Costume Designer</h2> <p>Costume designers create the personal style of every character and provide a key element to the overall look of films, television shows, plays, and operas. Depending on the budget, time period, and complexity of a project, costume designers might make every article of clothing from scratch, or they might assemble the wardrobe from existing garments they have purchased or rented.</p> <p>To quote Judith Bowden: &quot;The <a href="http://artsalive.ca/collections/costumes/designer_role.php?page=1&amp;lang=en">main job of costume design</a> in a production is to provide physical and emotional support to every actor through the clothing he or she will wear to enhance characterization. The design must provide strong visual support for the story, concept, and context of the play as a whole. It is my role to ensure that the costumes reflect the visual style of the production and help actors portray their characters on their journey through the play's action.&quot;</p> <p>The best costume designers are obsessive researchers of history, and not just the history of fashion. When it comes to characters, clothes really do make the man. Costuming can be storytelling. It can show the audience everything about the external life experience of a character, as well as reveal his secret, interior world.</p> <h2>3. Design Assistant</h2> <p>Design assistants are the worker bees of every <em>atelier</em>. Fashion designers are responsible for the creative vision of a brand, but design assistants can be called upon to be responsible for everything else. This job can include sewing garments, making patterns, fitting models, sourcing fabrics, tracking samples, supervising production workers, going to trade shows, coordinating schedules, and managing the studio.</p> <p>Assisting is not all schlepping. In fact, it's often an important career steppingstone. Immediately after Alexander McQueen's death, Sarah Burton, his longtime assistant, was <a href="http://www.nytimes.com/2014/08/22/t-magazine/alexander-mcqueen-sarah-burton-interview.html?_r=0">named the new creative director</a> of his fashion house.</p> <h2>4. Editorial Assistant</h2> <p>If you've watched <em>The Devil Wears Prada</em>, you've seen the G-rated version of this job. If you're lucky, you will get incredible hands-on experience learning how to produce a fashion magazine from start to finish. But, if the job were easy, everyone would do it. Editorial assistants have to be super organized, enjoy scheduling like it's a hobby, and have the stamina to constantly work long hours to meet deadlines. Also, you have to communicate well in person and on paper, and be a grammar nerd.</p> <h2>5. Fashion Journalist</h2> <p>Fashion journalists are writers who cover the fashion industry. While fashion journalism used to be a super-VIP club of well-connected it-girls, young writers can now break into high-profile magazine and blogging work based entirely on their fresh fashion criticism. If <a href="http://www.thestylerookie.com/">Tavi Gevinson</a> can cover New York Fashion Week as a 12-year-old, what's your excuse?</p> <h2>6. Fashion Publicist</h2> <p>Publicists are responsible for maintaining a brand's image. They build relationships with editors, journalists, influencers, and celebrities to make sure that their client stays in the public eye. To that end, publicists are one part crisis management, one part cruise director. They are the keeper of the guest list for publicity events, the maker of the all-important seating charts for fashion shows, the issuer of news releases, and the procurer of swag bags and gift baskets. More importantly, publicists are tasked with getting their brands the most press for the money. Publicists do this by convincing actors to wear their client's clothes on and off the red carpet, by working with product placement companies to get their brand featured in films and TV shows, and of course introducing their designer to style influencers who will talk up the brand to the public in magazines, blogs, and TV appearances.</p> <h2>7. Fit Model</h2> <p>If you have the right measurements, you can work as a <a href="https://www.businessoffashion.com/articles/intelligence/from-mannequin-to-muse-being-a-fashion-fitting-model">fit model</a>. Fit models are literally human mannequins for clothing manufacturers. Before putting a garment into production, a designer will use a fit model to ensure that the piece will be flattering and wearable by actual humans with similar proportions.</p> <p>Fit models are chosen for their specific measurements, but this doesn't mean that they are just Barbie dolls in the flesh. Designers depend on fit models to tell them if a garment is uncomfortable and to demonstrate how the garment moves on the body.</p> <p>Perk of the job: free clothes. Downside of the job: human pincushion.</p> <h2>8. Hair Stylist</h2> <p>If I could switch lives with one of my friends, I would switch with my friend Eric because he gets to travel constantly for a creative job that he loves. A scion of a hairdressing family, Eric started styling hair professionally as a teenager. He decided early on that he didn't want to cut hair in a salon, and instead, do editorial work exclusively. Foregoing the stability of salon work to hustle for freelance magazine jobs was a risky financial move, but it paid off handily. Eric works with the best photographers, models, and editors on the planet. (If you have seen the Sports Illustrated Swimsuit Issue, then you have seen Eric's work).</p> <p>Hair stylists are part of the creative team who create the mood or storyline in advertisements, fashion shows, and editorial content. Don't believe me? Try and imagine what the Victoria's Secret catalog would look like without the models' sexy hair. You can't. The angels' hair is part of the brand's narrative.</p> <p>Hair stylists who want to work in editorial have to be extremely self-motivated and flexible. It's a freelance job that can require traveling for work at a moment's notice.</p> <h2>9. Makeup Artist</h2> <p>As with hair stylists, fashion and media makeup artists work with designers and editors to create a cohesive look for a brand or story. Although editorial makeup is usually the supporting character to the star clothing, occasionally makeup becomes the featured look of a season or part of a brand's permanent identity. For example, most people will never be able to afford a Chanel jacket, but, for the past two decades, legions of budget fashionistas have paid homage to the fashion house by wearing Chanel's iconic <a href="http://nymag.com/thecut/2015/11/calling-all-chanel-vamp-fans-chanel-vamp-collection.html">Vamp nail polish</a>.</p> <h2>10. Patternmaker</h2> <p>Do you love jigsaw puzzles? Are you a perfectionist? <a href="https://www.fitnyc.edu/ccps/certificate-programs/credit/patternmaking.php">Patternmakers are the magical elves</a> who can take a 2D design concept and translate it into a blueprint for a 3D garment. Patternmakers are a critical part of the production process. The ideal pattern is a clearly drawn document that sewers can easily follow without wasting time or fabric. A poorly drafted pattern can cost a company millions of dollars by not only slowing down the production line and squandering materials, but by being a dud on the sales floor. Mismatched patterns, bad button placement, and gaping pockets are all <a href="http://www.wisebread.com/9-qualities-to-look-for-in-well-made-clothing">problems on finished garments</a> that should have been resolved in the pattern-making process.</p> <h2>11. Production Manager</h2> <p>Production managers are the logisticians of the fashion world. They oversee the physical manufacturing process of textiles and clothing. Production managers work with suppliers and stores to ensure a quality finished product. In addition to being in charge of quality control, they supervise the supply chain and the workflow. It is their job to ensure that the clothes are made on schedule, on budget, and under ethical labor standards.</p> <p>Production management is a high-pressure, technical job within a creative industry. Since production managers are the ones responsible for fixing production issues, they have to be IT troubleshooters, have excellent people skills, and be wizards at budgeting and scheduling.</p> <h2>12. Retail Sales Clerk</h2> <p>Although many people see retail work as a minimum wage, summer job for teen mallrats, retail sales can be a lucrative and fun career. When I worked at Nordstrom, I knew clerks in Men's Suiting who turned down promotions to management positions because it would mean taking a pay cut. In high-end stores, it is possible for a sales associates to make six-figure salaries working on commission. However, the threshold you have to meet to keep those top jobs is high. For example, in the early '90s I had to sell $60,000 in merchandise per month to keep my job in a sought-after department at Nordstrom. While I would argue that high-end retail is one of the best jobs a person can get without a college degree, it's not a job for dummies. Many top shops like Chanel and Prada have language requirements: you have to be bilingual in Spanish, Chinese, Japanese, Arabic, or Russian to be considered employable.</p> <h2>13. Retail Store Manager</h2> <p>If your dream is to one day open your own store, you should learn the ropes on someone else's dime. Managing a store will not only give you on the job training on how to set up and run your own shop, it will also give you an overview of the fashion industry.</p> <p>Great managers will not only be able to tell you what sells and why, they will also be able to tell you how to increase sales. When I worked in active wear, my manager noticed that a lot of our customers were elderly or had mobility issues. They weren't buying tracksuits for working out; they were buying them for comfort. When she rearranged the racks on the sales floor to improve wheelchair access, our sales went up by 10%.</p> <p>Many corporate chains will groom and promote their best managers to executive and buyer jobs within the company, but beware! While this job can be the first step in an amazing business career in fashion, at many companies wage theft is baked into the store manager job description.</p> <h2>14. Street Photographer</h2> <p>Scott Schuman is the Cinderella of fashion photography. Schuman started out on the business side of fashion before accidentally becoming the darling of street fashion. Eleven years after taking his first photography class, Schuman's blog, <a href="http://www.thesartorialist.com/">The Sartorialist</a> is hugely influential, and Schuman has become one of the best-known fashion photographers on the planet.</p> <p>Although his critics love to complain that Schuman was already a fashion insider before he took up photography as a hobby, there are many people who have similar business connections, but not his gimlet eye. Due to the success of first generation street fashion photographers, a blog as a personal portfolio is now a viable way for emerging artists to catch the eye of potential employers.</p> <h2>15. Stylist</h2> <p>Stylists like <a href="http://thezoereport.com/">Rachel Zoe</a> have made their name dressing celebrities for the red carpet, but her job entails so much more than acting as wardrobe guru to the rich and famous. To quote stylist extraordinaire, Sally Lyndley: &quot;Stylists work with creative teams including photographers, design teams, or art directors to create a vision for an image or a brand. At the same time, we also face the <a href="http://fashionista.com/2010/08/sallys-styling-seminary-the-lineage-of-styling">challenge of making the clothes look awesome</a> (regardless of their quality).&quot;</p> <h2>16. Social Media Assistant</h2> <p>The fashion industry has always been linked to images and marketing, so it makes sense that everyone in the fashion industry, from the most established fashion houses to upstart designers, understand that social media is a powerful advertising tool. If you are good at curating photos and charming in 140 characters, the job of social media assistant is a great way to get your foot in the door.</p> <p>Since traditional print campaigns can cost hundreds of thousands of dollars, it used to be easier to overlook brands that lacked the advertising budget. Because social networking platforms have a global reach, it's now possible for even the smallest companies to sell to a huge number of customers. Research shows that if you follow a brand on Instagram, you are 53% more likely to shop with them.</p> <p>Inventive social media campaigns have recently started getting the praise they deserve (and book deals for the social media smarties). For example, it has recently been pointed out by feminist publications like Bustle and Jezebel, that <a href="https://www.instagram.com/mccallpatterncompany/">McCall</a>, your mom's favorite sewing pattern company, is <a href="http://mccallspatternbehavior.tumblr.com/">killing it</a> on social media.</p> <h2>17. Textile Designer</h2> <p>Textile designers create the 2D repeating pattern for fabrics, carpeting, wallpaper, vinyl flooring, upholstery, and pretty much any other textile you can think of. Although this is a creative job, textile design is highly technical. Textile designers have in-depth knowledge about all aspects of the physical production of textiles: types of fibers, weaving looms, dyes, printing methods, and special processes such as stone washing.</p> <p>Although most textile designers work for large textile manufacturers, fashion designers will often employ textile designers to create custom fabrics for their fashion and home lines.</p> <h2>18. Visual Presentation</h2> <p>If you have ever been stopped dead in your tracks by a store window display, you've seen the power of visual merchandising. Great visual presentation is both aspirational and practical. For example, it's easy to see the target customer of Anthropologie through its <a href="https://www.behance.net/gallery/21175615/Anthropologie-Window-Display-Birds-of-a-Feather">store design</a>: affluent, Gen-X women who like to travel. The company isn't just selling clothes and home accessories; it's selling a lifestyle. But even the most <a href="http://tmagazine.blogs.nytimes.com/2010/11/01/tinsel-town-simon-doonans-very-foodie-windows/?_r=0">fantasy-driven store décor</a> must also be super-functional. If the customer can't see herself wearing the product, she won't buy it.</p> <p>Visual presentation is no longer just about store display. Museums, libraries, and other public spaces are now hiring visual merchandisers to design art installations to showcase their collections. This is a great job for creative night owls because all the magic happens when the store is closed. If you don't like burning the midnight glue gun, this job is not for you.</p> <p><em>Do you work in fashion? Please brag about (or complain about) your fabulous job in the comments section. </em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/max-wong">Max Wong</a> of <a href="http://www.wisebread.com/18-cool-jobs-for-fashion-lovers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-answer-23-of-the-most-common-interview-questions">How to Answer 23 of the Most Common Interview Questions</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Job Hunting Style career extra income fashion fashion lovers gigs jobs side hustle style Mon, 29 Aug 2016 09:00:09 +0000 Max Wong 1780054 at http://www.wisebread.com 8 Ways to Turn Your Stress Into Money http://www.wisebread.com/8-ways-to-turn-your-stress-into-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-ways-to-turn-your-stress-into-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_73912007_LARGE.jpg" alt="turning stress into money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Are you prone to stress and anxiety? Do you believe it's holding you back from being successful in your career and making money? It doesn't have to be this way. In fact, when your <a href="http://www.wisebread.com/beat-stress-with-these-28-inexpensive-pastimes">stress and anxiety are properly managed</a>, there may be ways to turn them into positive things for you financially &mdash; like extra cash!</p> <p>Let's take a look at these ways you can turn stress into financial freedom.</p> <h2>1. Channel Your Stress Into Hard Work</h2> <p>Employers don't want their employees to be stressed out, but they do want people who care. So if you have a little bit of anxiety about your work, that could be a good thing. If you can find a healthy way to channel that stress into being productive and conscientious, it will pay off in the workplace. The chemical produced by stress can, at certain levels, actually enhance alertness, memory, and attention.</p> <p>Many managers even say that giving workers a small amount of anxiety can help them perform better overall.</p> <p>&quot;Without anxiety, little would be accomplished,&quot; David Barlow, founder of the <a href="http://www.fastcompany.com/3025488/how-to-be-a-success-at-everything/relax-being-anxious-makes-you-a-good-leader">Center for Anxiety and Related Disorders</a> at Boston University, told <em>Fast Company. </em></p> <h2>2. Turn Your Stress Into Excitement</h2> <p>Stress can be debilitating. But excitement can help you reach new heights. There's a fine line between stress and excitement, but researchers say you can often find ways to frame stress in a positive way. In her paper, &quot;Get Excited: Reappraising Pre-Performance Anxiety as Excitement,&quot; Alison Woods Brooks of Harvard Business School <a href="https://www.apa.org/pubs/journals/releases/xge-a0035325.pdf">argues that you can perform better</a> in a situation simply by repeatedly telling yourself, &quot;I am excited.&quot; And the more you do it, the more it helps.</p> <p>&quot;Highly skilled individuals may be more likely to say &lsquo;I am excited&rsquo; before they tackle challenging tasks. In this way, emotional self-statements could operate in an upward spiral process in which successful individuals are more likely to express excitement, and saying &lsquo;I am excited&rsquo; then improves subsequent performance,&quot; Brooks writes.</p> <h2>3. Get a Side Hustle or Second Job</h2> <p>For many people, stressful and anxious thoughts come during downtime. It's hard to worry about things when you're busy at work, and the stressful thoughts may only come when your brain has a chance to think. If this sounds like you, maybe a second job will help you stay busy and keep your mind from wandering into Stress Town. And if you're the type of person who gets stressed about never seeming to have enough money, a second job may be what you need. It doesn't have to be another full-time job. Maybe you can take up freelance writing or design, or a craft. Anything to stay busy, keep your mind off your troubles, and make a little extra money in the process.</p> <h2>4. Become a Good Leader</h2> <p>In his book, <a href="http://amzn.to/29I0g4t">My Age of Anxiety</a>, writer Scott Stossel argues that being anxious can be helpful to people in leadership roles. He said anxious people are more likely to be tuned into other people's emotions and social cues.</p> <p>In their book, <a href="http://amzn.to/29Whaep">Wiser</a><em>, </em>researchers Cass Sunstein and Reid Hastie argue that groups can make the best decisions when they are led by an anxious and detail-oriented person. So who knows? Maybe your stress is your ticket to becoming CEO.</p> <h2>5. Save and Invest Like Crazy</h2> <p>If you are prone to anxiety, you worry about the future. That means you're probably good at preparing yourself financially for the days ahead. You may have cash set aside for every conceivable emergency, and are aggressive about saving for retirement because you stress about running out of cash as you age.</p> <p>If this sounds like you, you're probably in great shape financially and may even become quite wealthy as your investments and savings grow over time.</p> <h2>6. Become a Pet Sitter</h2> <p>If you suffer from anxiety or high stress, there's a lot of evidence suggesting that time with a pet can help you. Studies show that pets can provide the kind of unconditional love that would benefit those with mental health conditions, and may even improve social interactions.</p> <p>Pets can often be creatures of routine, demanding to be walked and fed at certain times. Being forced into that kind of routine may also be helpful to those with stress and and anxiety.</p> <p>What's more, if you <a href="http://www.wisebread.com/how-to-make-400-a-week-as-a-pet-sitter">make money by walking pets</a>, you'll be getting some exercise, which is also beneficial when battling stress.</p> <h2>7. Channel It Into Something Creative</h2> <p>Perhaps you've found that your stress goes away when you play the guitar, or paint, or make pottery. Maybe you feel better when you act or dance. You may think of these activities as mere outlets for your stress, but they can be moneymakers. Make some music and join a band. Sell your artwork. Join a theatre company. Take that stress and go make some dough.</p> <h2>8. Blog About Your Stress</h2> <p>About <a href="http://www.nimh.nih.gov/health/statistics/prevalence/any-anxiety-disorder-among-adults.shtml">40 million adults in the United States</a> suffer from some sort of anxiety disorder, according to the National Institutes of Mental Health. That's a huge potential audience of people who may be looking to get advice, or simply connect with those who are going through similar challenges. Finding ways to write about your stress and anxiety may be therapeutic for you, and if the blog takes off, you can earn a little bit of cash in the process.</p> <p><em>What other ways can you channel stress into money? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">17 Part-Time Jobs to Do While Your Kids Are at School</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/18-cool-jobs-for-fashion-lovers">18 Cool Jobs for Fashion Lovers</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/can-you-really-make-a-living-as-an-ebook-writer">Can You Really Make a Living as an Ebook Writer?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-great-side-jobs-for-introverts">10 Great Side Jobs for Introverts</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-unexpected-side-benefits-of-your-side-hustle">5 Unexpected Side Benefits of Your Side Hustle</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Extra Income anxiety earnings extra income jobs part-time job side hustle side jobs stress stress relief workplace Wed, 20 Jul 2016 09:00:07 +0000 Tim Lemke 1755547 at http://www.wisebread.com 5 Ways to Handle a Forced Early Retirement http://www.wisebread.com/5-ways-to-handle-a-forced-early-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-ways-to-handle-a-forced-early-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_taking_notes_73540307.jpg" alt="Woman finding ways to handle early retirement" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You had a plan: You would work until 67, contributing the maximum amount of each paycheck into your company's 401K plan. You would then <a href="http://www.wisebread.com/how-to-plan-for-retirement-when-you-re-ready-to-retire">enjoy a retirement</a> of traveling the world and spending time with your grandchildren.</p> <p>But then your company changed your plans. They let you go you at age 55 or 60. Finding a new job at this age isn't easy. According to an AARP study released in 2015, 45% of job hunters aged 55 or older were members of the long-term unemployed, those who were out of work for 27 weeks or longer. And when these older job seekers did find new jobs, they tended to earn less money. The same AARP survey found that almost 48% of people 55 or older were earning less on their new jobs than they did at their old ones.</p> <p>Those are intimidating numbers. But they don't mean that a forced early exit from the workforce will dash your retirement dreams. Here are five steps that you can take after you've been laid off or fired to make your earlier-than-planned retirement a successful one.</p> <h2>1. Assess Your Financial Reality</h2> <p>It's easy to panic when you've lost a job. But your financial situation might not be as dire as you think. To find out, it's time to perform a quick financial assessment.</p> <p>First, list your monthly expenses. These might be lower if you are no longer paying a mortgage each month. Then list the income you have coming into your household. Maybe your spouse's income means that you can still save enough money each month for a happy retirement. Maybe you'll need an extra income boost from somewhere to still hit those goals.</p> <p>Depending on how close you are to your official retirement age, you might decide to start receiving your monthly Social Security payments. You'll get less each month if you haven't reached full retirement age, but if you can't hold off on the extra monthly income, receiving your benefits a few years early might be a sound move.</p> <p>If you were laid off or fired, you probably qualify, too, for unemployment insurance. Make sure to take advantage of this. That extra monthly income could help you stay on track for your retirement goals.</p> <h2>2. Get Realistic About Your Retirement Goals</h2> <p>You might have to scale back your retirement goals should you be forced to exit the workplace earlier than planned. Maybe you planned to take a long trip every year. If you're forced out of work five years early, you might have to scale that back to just three big trips spread out over your entire retirement.</p> <p>This doesn't mean that your retirement is ruined. But you might have to refocus. Maybe instead of joining that high-priced country club, you'll be taking your golf clubs to public courses throughout your city.</p> <h2>3. Make Sure You Have a Plan for Insurance</h2> <p>You'll need health insurance even after you lose your job. You might qualify for Medicare or Medicaid, though you might not qualify for these government programs depending on your age and income levels.</p> <p>If you need insurance not offered through the government, you can search for a low-cost plan through the insurance exchange created under the Affordable Care Act.</p> <p>Letting your health insurance lapse can be a costly mistake.</p> <h2>4. Find Part-Time Work to Fill in the Income Gaps</h2> <p>If you need some extra income each month, consider taking a part-time job. This work, even if it doesn't come with the benefits of a traditional full-time job, could provide you with the extra bit of cash that will keep your retirement dreams alive.</p> <p>Depending on your field, you might find a part-time job as a consultant. But even if you can't, you can still find enjoyment, and some extra financial security, by taking on a position in a new field.</p> <h2>5. Meet With a Professional</h2> <p>Retirement planning is complicated when everything goes according to plan. When those plans are suddenly changed? It's even more of a challenge to make sure that you have enough dollars saved for your after-work years.</p> <p>That's why it's important to meet with a financial adviser who can help you determine what financial steps you need to take now. Depending on your income and community, you might even qualify for free financial advice.</p> <p>A financial planner can help you create a new budget and a new financial plan that fits with your new money reality.</p> <p><em>Have you faced early retirement? What steps have you taken?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/5-ways-to-handle-a-forced-early-retirement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-actions-women-can-take-right-now-to-get-their-retirement-on-track">5 Actions Women Can Take Right Now to Get Their Retirement On Track</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-your-taxes-will-change-when-you-retire">Here&#039;s How Your Taxes Will Change When You Retire</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-reasons-people-dont-retire-early-and-how-you-can">4 Reasons People Don&#039;t Retire Early — and How You Can</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-keys-to-an-early-retirement">4 Keys to an Early Retirement</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-moves-that-guarantee-a-great-retirement">4 Moves That Guarantee a Great Retirement</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement 401k early retirement extra income forced retirement insurance job loss medicaid medicare part-time jobs unemployed Tue, 07 Jun 2016 09:30:33 +0000 Dan Rafter 1725699 at http://www.wisebread.com Flashback Friday: 68 Best Ways to Make Money That Are Actually Fun http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_outside_photographer_000025506033.jpg" alt="Woman making money and actually having fun" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Most people rarely have fun during their workday. And that's because you're there to work, not play. But with the gig economy going full steam ahead, folks young and old are finding ways to make money by doing things they enjoy. Besides, if you thoroughly enjoy your work, it won't feel like work. You'll be more interested in taking on similar projects, and you'll make more money as a result. You might even get to a point where you can turn your fun side job into a full-time career. Not bad, right?</p> <p>Here are 68 coolest ways to make extra money that won't feel like work at all.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_working_from_home_000025337892.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/22-websites-that-will-pay-you-to-write-for-them?ref=fbf">22 Websites That Will Pay You to Write for Them</a> &mdash; If you spend your free time writing stories and poetry, why not make a little money at it? Tons of websites and brands are looking for digital content creators, and these 22 sites are a fantastic place to start.</p> <p><a href="http://www.wisebread.com/6-great-side-jobs-for-book-lovers?ref=fbf">6 Great Side Jobs for Book Lovers</a> &mdash; If you prefer the company of books to people, these side gigs are perfect for you. That's right, your love of literature will help you bring home the bucks! Not bad, right?</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000057673262_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/12-great-side-jobs-for-outdoorsy-types?ref=fbf">12 Great Side Jobs for Outdoorsy Types</a> &mdash; Being trapped inside behind a desk sounds like a nightmare, yes? Well, there's no need to be stuck indoors all day when you could be making extra cash while spending your days in the great outdoors.</p> <p><a href="http://www.wisebread.com/get-paid-to-watch-your-favorite-tv-show-live?ref=fbf">Get Paid to Watch Your Favorite TV Show Live</a> &mdash; Yep, that's right. You can actually make money by watching TV. Being paid to be an audience member at a live show in cash, prizes, and free food isn't a bad way to earn a buck. And it certainly won't feel like work.</p> <p><a href="http://www.wisebread.com/20-places-besides-etsy-to-sell-your-handmade-goods?ref=fbf">20 Places Besides Etsy to Sell Your Handmade Goods</a> &mdash; If your hobbies include arts and crafts, you might want to consider selling them online. Your creative projects deserve more than to collect dust on a shelf. Sell them on etsy or any of these 20 sites and you might develop a booming little side hustle.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/iStock_000024530979_Large.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/how-to-make-400-a-week-as-a-pet-sitter?ref=fbf">How to Make $400+ a Week as a Pet Sitter</a> &mdash; Believe it or not, you can make a solid income from walking dogs, and hanging out at other people's homes with their pets. You will obviously need to care for their pets and keep things tidy, but it's not a bad way to earn extra money, especially if you're an animal lover.</p> <p><a href="http://www.wisebread.com/6-ways-to-make-extra-money-using-social-media?ref=fbf">6 Ways to Make Extra Money Using Social Media</a> &mdash; If you're a social media maven and have accrued a large mass of followers on your own, here are six brilliant ways to make some cash from your likes and shares. Becoming a brand ambassador or influencer can land you a load of free stuff and potentially a decent chunk of change. Cha-ching!</p> <p><em>What are some other fun side jobs? Share with us!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-68-best-ways-to-make-money-that-are-actually-fun">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-the-65-best-career-tips-weve-ever-shared">Flashback Friday: The 65 Best Career Tips We&#039;ve Ever Shared</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-52-things-you-need-to-know-about-hosting-on-airbnb">Flashback Friday: 52 Things You Need to Know About Hosting on Airbnb</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/18-cool-jobs-for-fashion-lovers">18 Cool Jobs for Fashion Lovers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/check-out-these-5-legit-mystery-shopping-gigs">Check Out These 5 Legit Mystery Shopping Gigs</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Job Hunting easy jobs extra income fbf flashback friday fun jobs job search jobs make money side hustles side jobs Fri, 13 May 2016 10:00:10 +0000 Chrissa Hardy 1708887 at http://www.wisebread.com 17 Part-Time Jobs to Do While Your Kids Are at School http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/17-part-time-jobs-to-do-while-your-kids-are-at-school" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_working_home_000089876851.jpg" alt="Woman doing part-time jobs while her kids are at school" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Balancing parenting and work can be a challenge, especially if you have young children. With school days ending in the early afternoon, many working parents have to get additional after-school care if they want to work a full-time job. Like many parents out there, I would love to have the flexibility to work during school hours, and be able to be home when my kids are done with the school day.</p> <p>While they may be harder to find, there <em>are</em> jobs out there that are either part-time, or work within the school schedule, giving you time with your kids <em>and</em> the ability to contribute to the family income. (See also: <a href="http://www.wisebread.com/6-best-jobs-for-working-moms-and-dads?ref=seealso">6 Best Jobs for Working Moms and Dads</a>)</p> <h2>1. School Jobs</h2> <p>It's obvious, but one of the best ways to work during school hours is to work at a school. You could get credentialed as a classroom teacher, but there are also many other support positions available at schools. These include: teacher's aides, bus drivers, cafeteria staff, administrative assistants, counselors, nurses, speech therapists and other instructional specialists, as well as substitute teachers.</p> <p>Some of these positions require specialized education; others do not. In California, for instance, the requirements for being a substitute teacher are having a bachelor's degree and passing a reading/math/writing test. One huge benefit of working at a school is that you can be on break during the summer just as your kids are, reducing the need for additional childcare.</p> <h2>2. Freelance Writer/Editor/Proofreader</h2> <p>Freelance jobs give you the flexibility to set your own hours and work as much or as little as you'd like. However, they usually don't offer benefits, and may not always provide a steady income. They may also require a significant amount of unpaid legwork looking for gigs and drumming up business.</p> <p>Freelance writing, editing, or proofreading jobs are perfect for working from home, and all you need is an Internet connection and a word processor. If you are gifted with words, blogging or copywriting might be a good fit. A few online courses could also prepare you for a part-time job as an editor or proofreader. (See also: <a href="http://www.wisebread.com/22-websites-that-will-pay-you-to-write-for-them?ref=seealso">22 Websites That Will Pay You to Write for Them</a>)</p> <h2>3. Freelance Artist or Designer</h2> <p>I know of several people who are working flexible jobs in creative fields. One is a freelance graphic artist who designs wedding and party invitations, as well as websites. Another does beautiful calligraphy and watercolor art for weddings and events, and has collaborated with various companies to put her designs on phone cases and other products. If you love being creative, consider turning your hobby into a career as a freelance artist.</p> <h2>4. Sell Stuff Online</h2> <p>It has become increasingly easy to sell things via e-commerce platforms like eBay, Etsy, Amazon Marketplace, and even social media platforms like Instagram and Facebook. Do you love thrifting? Consider selling some of your vintage finds or name brand clothing. Are you crafty or artistic? You could open a small business selling jewelry, handicrafts, cards, baby accessories, and more. I know one stay-at-home-mom who started a business selling a monthly beauty subscription box. If you want to sell on a larger scale, you could also try starting your own e-commerce store.</p> <h2>5. Fitness Instructor</h2> <p>Yoga and Pilates instructors, personal trainers, and other fitness instructors often have a great deal of flexibility to set their own hours, whether they work at a studio or on their own. If you're already a fitness buff, consider turning something you enjoy into a money-making venture.</p> <h2>6. Teacher</h2> <p>If you enjoy teaching, there are many part-time opportunities to share your knowledge without being tied to a 9-to-5 workday. Many learning centers, language schools, private schools, community colleges, and music schools may hire teachers or tutors for just a few hours a day. True, some of these hours may be in the evening, but it may be easier to arrange for a partner, grandparent, or babysitter to watch the kids in the evening after traditional work hours.</p> <h2>7. Online Tutor</h2> <p>Tutoring or teaching online is now a great option for people looking to work from home. With your computer, a headset, and a high-speed Internet connection, you can teach people from all over the country (or the world) from the comfort of your couch.</p> <h2>8. Offer In-Home Daycare</h2> <p>If your children can get transportation to and from their schools, allowing you to stay at home, you might be able to operate an in-home daycare. This can be a great way to care for your own children while making some extra money. Be aware of the licensing requirements in your state, though. If you're caring for children from more than one family, you probably need to be licensed.</p> <h2>9. Test Scorer</h2> <p>Standardized testing is a big part of the education system these days, and all those tests need people to score them. For instance, <a href="http://www.pearsonassessments.com/careers.html">Pearson Assessments</a> hires college-educated people to score tests and essays from home, on a flexible schedule.</p> <h2>10. Freelance Bookkeeper or Tax Preparer</h2> <p>Help a small business owner by keeping track of their accounts and helping them with quarterly taxes. This kind of work is often very flexible and, aside from meetings with your clients, can be done anytime during the day. While an accounting background can be helpful, it's not necessary as long as you have a good head for numbers and can learn to use some of the many accounting software tools available.</p> <h2>11. Freelance Photographer</h2> <p>If you're gifted with a camera, doing family portraits, product photography, and even wedding and event photography can be a good part-time job. While you often have to work weekends for events, you can do the rest of the work &mdash; such as editing and retouching &mdash; on a flexible schedule.</p> <p>Don't forget, there's also money in stock photography. Submit stock photos to sites like <a href="http://www.shutterstock.com/">Shutterstock </a>and <a href="http://www.istockphoto.com/">iStockPhoto</a>, and you'll be paid every time someone purchases your image. My husband submitted a few dozen photos and graphics several years ago, and we still earn passive income every month even though he no longer has the time to submit new photography.</p> <h2>12. Social Media Manager</h2> <p>The explosion of social media has opened up a whole new field of employment. Because you can manage social media accounts remotely, these jobs are often quite flexible. Many businesses hire social media managers to generate content and post to their Instagram, Twitter, and Facebook accounts, as well as interact with their audience online. If you are naturally good at social media and find it easy to gain followers, this might be just the job for you.</p> <h2>13. Party Planner</h2> <p>If you're known in your social circle as the parent who always throws the perfect party, you might be able to put those skills to use as a party planner. Yes, parties often take place on weekends, but you can do a lot of the prep work while your kids are at school.</p> <h2>14. Translator</h2> <p>If you are fluent in more than one language, doing online translation can pay quite well, depending on the company and content. The best thing is, doing online translation work is often very flexible, as long as you can meet your deadlines.</p> <h2>15. Online Customer Service Agent</h2> <p>Many companies now source their customer service agents from people working from home. Depending on the company, you might answer using your Internet connection and computer, or via your cellphone. Often these programs are flexible and you can work whenever you want. Check out sites like <a href="http://www.workingsolutionsjobs.com/">Working Solutions</a> as a place to start.</p> <h2>16. Administrative Assistant</h2> <p>Often, offices require extra help for clerical work on a part-time basis. You may be able to find administrative work on a part-time basis for a few hours a day. Think outside traditional offices and broaden your options with churches and other religious organizations, small businesses, and self-employed entrepreneurs who might need a personal/administrative assistant.</p> <h2>17. Driver and Delivery Services</h2> <p>Companies like <a href="https://www.uber.com/">Uber</a>, <a href="https://www.lyft.com/">Lyft</a>, <a href="https://www.doordash.com/">Doordash</a>, <a href="https://postmates.com/">Postmates</a>, <a href="https://flex.amazon.com/">Amazon Flex</a>, and more have made it easy for people to hire drivers and couriers through an easy-to-navigate app. You'll need a car and a smartphone, but you can set your hours whenever it's convenient for you &mdash; though you'll make more at certain times than at others.</p> <p><em>What other jobs can be done during school hours? Let us know in the comments!</em></p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" data-pin-save="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F17-part-time-jobs-to-do-while-your-kids-are-at-school&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F17%2520Part-Time%2520Jobs%2520to%2520Do%2520While%2520Your%2520Kids%2520Are%2520at%2520School.jpg&amp;description=17%20Part-Time%20Jobs%20to%20Do%20While%20Your%20Kids%20Are%20at%20School"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/17%20Part-Time%20Jobs%20to%20Do%20While%20Your%20Kids%20Are%20at%20School.jpg" alt="17 Part-Time Jobs to Do While Your Kids Are at School" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/camilla-cheung">Camilla Cheung</a> of <a href="http://www.wisebread.com/17-part-time-jobs-to-do-while-your-kids-are-at-school">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-unexpected-side-benefits-of-your-side-hustle">5 Unexpected Side Benefits of Your Side Hustle</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-you-can-earn-18-to-25-an-hour-with-amazon-flex">How You Can Earn $18 to $25 an Hour With Amazon Flex</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/18-cool-jobs-for-fashion-lovers">18 Cool Jobs for Fashion Lovers</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-make-more-money-as-an-uber-driver">How to Get a High Rating and Make More Money as an Uber Driver</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-turn-your-stress-into-money">8 Ways to Turn Your Stress Into Money</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Family Job Hunting extra income freelancer part-time job side hustle side job stay-at-home mom working mom Mon, 02 May 2016 09:00:05 +0000 Camilla Cheung 1700127 at http://www.wisebread.com Here's How Spending 3% On You Will Advance Your Career http://www.wisebread.com/heres-how-spending-3-on-you-will-advance-your-career <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/heres-how-spending-3-on-you-will-advance-your-career" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000089208971_Large.jpg" alt="Spending on herself to advance her career" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Never underestimate the value of investing in yourself. Many professionals seem to miss out on the importance of it. People are more likely to treat themselves to a new outfit or a nice dinner out, but when it comes to increasing their knowledge and business skills, somehow there isn't room in the budget.</p> <p>Some of the most successful individuals in the business world believe in the power of investing in yourself. Brian Tracy,&nbsp;<a href="http://amzn.to/1qdHt4l">bestselling author of over 70 books</a>, said, &quot;Here is a rule that will guarantee your success, and possibly make you rich: Invest 3% of your income back into yourself.&quot;</p> <p>Similarly, Warren Buffett, one of the richest and most respected businessmen in the world, said, &quot;Investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you.&quot; (See also:&nbsp;<a href="http://www.wisebread.com/6-pearls-of-career-wisdom-from-brian-tracy?ref=seealso">6 Pearls of Career Wisdom From Brian Tracy</a>)</p> <h2>Does It Actually Work?</h2> <p>The idea of investing in yourself is not just motivational, business fluff. It truly can be the tool that helps you to make more and advance in your career. If you are constantly growing your skills in your field, you are constantly becoming more valuable in your field, and becoming an important asset for your company. Your employer will want to pay their top employees more, and if they don't, another company surely will.</p> <p>Asking for promotions or getting hired in a better paying position is easier to do with more experience and knowledge you gain. A common misconception is that your college degree is all you need to succeed. If you earn your degree and secure a good position, then you cannot just rely on experience alone to move you up the ranks. In fact, you might get passed up by younger professionals who have more up-to-date training.</p> <p>On a personal note, my husband has been pursuing a degree over the past few years and has earned several IT certifications. Similarly, his salary has increased over $20,000 in those three years. I truly believe my husband's increased salary is directly related to investing his time and money to learn as much as he can. Not only has he become more knowledgeable, but he has also become more confident in his craft.</p> <h2>How Much Should You Invest?</h2> <p>There is no set rule of how much you should invest, but Brian Tracy's idea of 3% of your income is a good principle. Of course, you can always invest more. Some companies even offer reimbursement for tuition and certifications, making it easier to invest the 3%.</p> <p>How much is 3% to the average professional? If you earn $55,000, you should aim to invest $1,650 back into yourself each year, or $137.50 each month. That may seem like a daunting number if you are on a tight budget, but if you are able to earn $58,000 the following year, you will have almost doubled your investment.</p> <h2>Knowing What to Invest In</h2> <p>You should invest in building the knowledge and skill set that will get you to your next promotion or pay raise. Don't make the mistake of investing in the next big, profitable thing. For example, when real estate was a hot market before the crash in 2007-2008, it seemed like everyone was a real estate agent on the side. When the real estate market crashed, many professionals were safe because they had their full-time jobs, that was completely unrelated, but they had spent all of their time learning to be real estate agents, rather than growing in their full-time field.</p> <p>If you are not sure what certificates, training, or education you should invest in, think about the position in your company that you would like to have. The next step is to ask coworkers in that position what special training and certificates they have. If possible, ask your boss what is needed to move up to the next position in your company. If those two suggestions do not work, look at job listings for positions you would like to have. What are the qualifications needed and desired?</p> <h2>Ideas for Investing in Yourself</h2> <p>Here are just a few self-investment ideas, and how to grow your knowledge and experience:</p> <ul> <li>College degree;</li> <li>Certifications;</li> <li>Seminars and workshops;</li> <li>Books;</li> <li>One-on-one consulting with top experts in your field;</li> <li>Classes and courses in related business areas, such as social media marketing, communication, productivity, and accounting.</li> </ul> <p>Investing in yourself doesn't just stop with learning new skills, though. Improving your physical and mental health will directly affect your workplace performance. Investing in areas that inspire your creativity, such as learning a new language or taking a graphic design course, could also put you ahead at work. (See also:&nbsp;<a href="http://www.wisebread.com/11-ways-a-second-language-can-boost-your-career?ref=seealso">11 Ways a Second Language Can Boost Your Career</a>)</p> <p>If you want to grow in your career, then you have to grow as a person. Make yourself a valuable employee at your company by developing expert skills that set you apart from the rest of your coworkers.</p> <p><em>How do you invest in yourself each year? Have you seen a difference in your income?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-eneriz">Ashley Eneriz</a> of <a href="http://www.wisebread.com/heres-how-spending-3-on-you-will-advance-your-career">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-places-to-find-cheap-or-free-education">6 Places to Find Cheap (or Free!) Education</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-succeed-as-an-online-student">How to Succeed as an Online Student</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-fun-games-that-make-you-smarter-too">11 Fun Games That Make You Smarter, Too</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-are-what-you-do-16-ways-to-improve-your-body-language">You Are What You Do: 16 Ways to Improve Your Body Language</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-jobs-proven-to-make-you-live-longer">5 Jobs Proven to Make You Live Longer</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Personal Development education extra income invest make more money professional growth training Thu, 14 Apr 2016 09:30:24 +0000 Ashley Eneriz 1689531 at http://www.wisebread.com