part-time job http://www.wisebread.com/taxonomy/term/9983/all en-US How Kids and Adults Can Earn Extra Income by Doing Voice-Overs http://www.wisebread.com/how-kids-and-adults-can-earn-extra-income-by-doing-voice-overs <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-kids-and-adults-can-earn-extra-income-by-doing-voice-overs" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/4462344821_f727a57b9b_z.jpg" alt="voice-over" title="voice-over" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>If you have a golden voice, you might be able to rake in a good part-time income doing voice-overs &mdash; recording the words for commercials, cartoons, or movie trailers. In recent years, the boom in podcasts and audio books has created more demand for the work.</p> <p>Plus, the rise of computers with digital recording software now allows voice actors to work remotely from anywhere. Voice actors often work part-time from their homes, and established professionals may take in thousands of dollars for a few hours of work. (See also: <a href="http://www.wisebread.com/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</a>)</p> <p>Still, becoming a successful voice actor isn't easy as plugging in a mic. Winning voice-over gigs requires training and persistence. Unless you're an established veteran or have a gifted voice, you should live near a large metro area like New York City or Los Angeles.</p> <p>Interestingly, your son or daughter might have a better shot at voice-over success. Many adults can artfully imitate children's voices, but casting directors seem to prefer &quot;real&quot; children's voices. Children have been known to make a few thousand dollars over the summer &mdash; and we're talking about a child too young to legally mow lawns or wait on tables at your local diner.</p> <p>Steven Lowell, community manager at the voice-over casting website <a target="_blank" href="http://voice123.com/">Voice123.com</a>, noticed that over the past two years the top-paying jobs have been going to children. One child, Lowell wrote in a voice-over industry <a target="_blank" href="http://www.voiceoverxtra.com/article.htm?id=xktuxxbn">blog</a>, received $4,000 and a recurring contract to do a series of children&rsquo;s audio books. In another instance, a voice-over professional told him her son made more money than she did in the past month.</p> <h3>Why Kids Get Good Voice-Over Pay</h3> <p>There are several reasons for the increasing demand for children's voices, Lowell explained.</p> <p>Studios demand real children. In the last couple years, Voice123 started getting emails directly from agents seeking child voices &mdash; from real children, that is. After an agent found that Lowell was 39, he never heard another reply.</p> <p>The decrease in privacy in today's online world has increased transparency, making it harder for grown-ups to hide their true identity &mdash; and their real age. Actors have been known to post a child's photo on their profile. At one point, Lowell's casting website banned children from creating profiles unless someone first spoke to their parents.</p> <p>Online networks have made children more visible. Since they have more time for social media networking, they might be more visible online.</p> <p>The fact that children can only <a href="http://www.wisebread.com/great-summer-jobs-for-kids-and-adults">work during summer months</a>, at least in the U.S. and Canada, has further increased the demand for real children.</p> <h3>Does Your Child Have What It Takes?</h3> <p>Doing voice-overs can be great fun for the kids, and it pays much better than babysitting or mowing lawns. But children need more than just a flair for the dramatic if they want to succeed in the business. Getting jobs means work.</p> <ul type="disc"> <li>Children must be able to, or be able to learn to: read well, memorize lines, and enunciate well.<br /> &nbsp;</li> <li>They must have patience. They'll be reading lines over and over again in a sound studio. Sound work is typically not as time-consuming as traditional physical acting. Still, kids who can't sit still for long in a studio don't work out well. Sound equipment picks up rustling clothes of wiggly children.<br /> &nbsp;</li> <li>Fame should not be their, or your, top concern. Voice actors don't get much recognition. Sometimes they don't even get a credit.<br /> &nbsp;</li> <li>Although their face isn't shown, they still have to be good actors with a feel for timing and emphasis.<br /> &nbsp;</li> <li>Having a unique voice will give them an extra advantage. Being bilingual, being able to sing, and speak in different dialects and accents are also advantages.</li> </ul> <h3>How to Break Into the Business</h3> <p>For both adults and children, finding voice-over work is about the same.</p> <p><strong>1. Train</strong></p> <p><a href="http://www.wisebread.com/10-classes-that-can-pay-for-themselves">Enroll in classes</a> with a professional voice-over coach or online classes. Practice reading scripts.</p> <p><strong>2. Produce a Demo</strong></p> <p>Make sure it includes a sample of voicing various commercials, cartoons, and so forth. In addition to teaching how to read scripts and audition, the coach can help prepare a demo to submit to agents.</p> <p><strong>3. Subscribe to an Online Casting Service</strong></p> <p>For example, <a href="http://voice123.com">Voice123.com</a> or <a href="http://voices.com">Voices.com</a>, which might cost a couple hundred dollars a year. Some casting websites offer special memberships for children. The service emails you &mdash; and hundreds of others &mdash; notices of auditions.</p> <p><strong>4. Record the Audition</strong></p> <p>You can do this at a home studio or pay to rent a studio. Email or mail audio files to prospective clients. If you get the job, you record it, again either at a home studio or a rented studio.</p> <p><strong>5. Obtain Agents Who Also Market for You</strong></p> <p>This does take time. Some agents accept emailed digital files; others prefer physical copies. Some may make a hiring decision after hearing a demo; others want to hear you in the studio.</p> <p><strong>6. Keep Trying</strong></p> <p>Keep auditioning, sending demos, and following up.</p> <p>If your child does the voice acting, the parent is the child's manager and handles auditions and other business matters. For more information, you can visit the <a target="_blank" href="http://bizparentz.org/thebizness/voiceoversforkids.html">BizParentz Foundation</a>, a nonprofit corporation for parents and children in the entertainment business.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/michael-kling">Michael Kling</a> of <a href="http://www.wisebread.com/how-kids-and-adults-can-earn-extra-income-by-doing-voice-overs">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/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</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-truths-from-a-mystery-shopper-you-must-read-before-you-get-started">8 Truths From a Mystery Shopper You Must Read Before You Get Started</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/9-ways-to-earn-extra-cash-when-money-is-tight">9 Ways to Earn Extra Cash When Money Is Tight</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/30-great-side-jobs">30 Great Side Jobs</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/making-money-from-clinical-trials-worth-the-risk">Making Money From Clinical Trials: Worth the Risk?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income part-time job side jobs summer jobs for kids Fri, 30 Nov 2012 10:36:42 +0000 Michael Kling 955722 at http://www.wisebread.com 6 Ways to Avoid Running Out of Money in Retirement http://www.wisebread.com/6-ways-to-avoid-running-out-of-money-in-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/6-ways-to-avoid-running-out-of-money-in-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/ladies_on_bench.jpg" alt="Women on a park bench" title="Women on a park bench" class="imagecache imagecache-250w" width="250" height="127" /></a> </div> </div> </div> <p>Here's a checklist of the key strategies to maintain your spending power for as long as you live. (See also: <a href="http://www.wisebread.com/how-much-do-i-need-to-retire-how-much-can-i-spend">How Much Do I Need to Retire, How Much Can I Spend?</a>)</p> <p>Item #1 is only for people who are not yet retired, but the rest apply to everyone.</p> <h3>1. Save More Before You Retire</h3> <p>This is where most people fall down. It seems like every week there's a new report about how people aren't saving enough. If you're going to have money to spend beyond what you get from Social Security (and maybe a pension &mdash; if you're one of the lucky few who can still expect one), that money will have to come from your savings.</p> <p>The two obvious ways to do this are to either spend less before you retire (thereby freeing up money to save) or work longer before you retire. I recommend the former; anyone can spend less, but a plan to work longer can go awry in many different ways (your job could go away, you could get too sick to do it well, etc.).</p> <p>Useful as it is, though, &quot;<a href="http://www.wisebread.com/just-saving-more-is-not-the-answer">just save more</a>&quot; is by no means a complete retirement plan. A complete plan lets you <a href="http://www.wisebread.com/dont-despair-over-small-retirement-savings">start from where you are</a> and make do with what you've got. Read on.</p> <h3>2. Spend Less After You Retire</h3> <p>Spending less before you retire may be even more important, but that was covered in point #1.</p> <p>Even though it's not as important, <a href="http://www.wisebread.com/getting-by-on-a-lot-less-money-3-ways-its-easier-than-you-think">spending less after retirement</a> has the advantage of being very easy &mdash; your taxes are lower (because you're earning less), and you're able to be more efficient about your spending (because you're not spending a third of your time at work).</p> <h3>3. Find a Way to Earn Money in Retirement</h3> <p>When you think about it, retirement is a funny idea. It used to be that everyone worked as long as they could. When they couldn't hold up to a full day of heavy labor, they worked shorter hours and switched to lighter tasks.</p> <p>With the way work is organized (at least in the United States), it's pretty hard to scale back moderately. You rarely have the choice to work half as many hours for half the money. But you probably don't need to earn anywhere near that much money. Just earning a few thousand dollars a year will stretch your retirement savings much further than you might expect.</p> <p>You can do that a lot of different ways, even something as small as finding a way to <a href="http://www.wisebread.com/make-your-hobby-pay-its-way">make your hobbies pay their way</a>. Wise Bread is full of ideas for <a href="http://www.wisebread.com/getting-by-without-a-job-part-2-boost-income">earning a little more</a>.</p> <h3>4. Invest for Income</h3> <p>Early in your career, you probably want to <a href="http://www.wisebread.com/the-false-goal-of-maximizing-investment-returns">invest for maximum growth</a>. But well before you actually plan to retire, you should start shifting some of your investments toward income &mdash; because income can be spent without depleting your capital.</p> <p>That isn't the fashion these days. The modern wisdom of retirement planning is to figure that you can spend some of your capital every year, on the theory that <a href="http://www.wisebread.com/the-end-of-the-4-rule">your money only has to last the rest of your life</a>, and you're not going to live forever.</p> <p>But investing for income, and then holding the line on spending beyond that, is much safer.</p> <h3>5. Monitor Your Assets in Retirement</h3> <p>Since you can't know the future, there's no way to be sure that your portfolio will achieve any particular investment return, nor that it will support any particular spending level. But you can know the recent past.</p> <p>Your portfolio will decline if the assets you've invested in go down. It will also decline if you're spending capital faster than it's growing.</p> <p>If you've got a diversified portfolio with a strong income component, you don't need to worry about day-to-day portfolio fluctuations. But year-to-year <a href="http://www.wisebread.com/pay-attention">portfolio fluctuations need to have your attention</a>.</p> <h3>6. Respond to Changes</h3> <p>When you see a decline in your assets (either because your spending is outstripping your income or because the markets have moved against you), find additional ways to economize.</p> <p>This is really the key action for avoiding running out of money in retirement &mdash; if your capital is declining at an unsustainable rate, spend less.</p> <p>There are a lot of ways to spend less, both on an <a href="http://www.wisebread.com/emergency-belt-tightening">emergency basis</a> and over the <a href="http://www.wisebread.com/living-cheaply-for-the-long-term">longer term</a>.</p> <p><em>This post was prompted by a headline I saw for an article that offered four ways to avoid running out of money in retirement. &quot;Four?&quot; I thought. &quot;I can beat that! I'll write an article about <strong>five</strong> ways to avoid running out of money in retirement.&quot; Then, once I started writing it, I found there were six.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/6-ways-to-avoid-running-out-of-money-in-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-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/7-essential-truths-for-a-successful-retirement">7 Essential Truths for a Successful Retirement</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/boost-your-retirement-savings-avoid-401k-fees">Boost Your Retirement Savings: Avoid 401(k) Fees</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/5-ways-to-boost-your-odds-of-retiring-early">5 Ways to Boost Your Odds of Retiring Early</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/canada-and-us-retirement-showdown-which-offers-more-for-retirees">Canada and U.S. Retirement Showdown: Which Offers More for Retirees?</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/6-thoughts-everyone-has-their-first-day-of-retirement">6 Thoughts Everyone Has Their First Day of Retirement</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Investment Retirement part-time job retirement planning ways to spend less Thu, 20 Sep 2012 10:24:42 +0000 Philip Brewer 954554 at http://www.wisebread.com The 10 Worst Ways to Make Extra Money http://www.wisebread.com/the-10-worst-ways-to-make-extra-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-10-worst-ways-to-make-extra-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/4445666753_51cb7e792f.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Having a side income can make life a lot easier. But there are some good ways to earn that side income and some seriously awful ones. I&rsquo;m not talking about dirty jobs or hard work &mdash; there&rsquo;s nothing wrong with sweating for your money or needing a shower after your side job. But it doesn&rsquo;t make sense to slave away over something that isn&rsquo;t actually going to put money in your pocket. The &quot;opportunities&quot; below fall into that category. (See also: <a href="http://www.wisebread.com/making-extra-cash">Ways to Make Extra Cash</a>)</p> <h3>1. Filling Out Surveys or Surfing the Web</h3> <p>This work isn&rsquo;t particularly difficult, and it&rsquo;s easy to sign up for. The catch is that you earn pennies (at most) for any survey you complete or any site you visit. Actually making enough money to make your time worth it is impossible. To make matters worse, most of these offers only pay out once you&rsquo;ve earned $20, which can take months.</p> <h3>2. Investment Schemes</h3> <p>Whether we&rsquo;re talking about day trading, trading in foreign currency, or other investment schemes, it&rsquo;s rare to make a lot of money with these approaches &mdash; and fairly typical to lose a lot. There are a few individuals who have done quite well with various investment schemes, but that&rsquo;s usually due to a combination of a lucky investment and the ability to invest quite a lot of money at once. For us mere mortals, it&rsquo;s a bad bet.</p> <h3>3. Medical Testing</h3> <p>Agreeing to try out new drugs or other medical procedures for money sounds like an easy thing to do. But while there are some people who make something approaching a full-time income from being a test subject, it requires not informing one lab that you're working for another lab. That&rsquo;s because being a lab rat doesn&rsquo;t pay well. Of course, that&rsquo;s not even considering the side effects you might experience.</p> <h3>4. Selling Body Fluids or Organs</h3> <p>While selling an organ is illegal in the U.S., selling plasma, eggs (if you&rsquo;re a woman), and other bits of yourself is considered okay. It&rsquo;s not particularly lucrative, though &mdash; even selling your eggs, which used to bring in a check of around $10,000, now pays closer to $3,000. Considering that there can be some major side effects, depending on how a doctor chooses to harvest those eggs, it&rsquo;s not an equitable pay off. Giving plasma repeatedly can also impact your health.</p> <h3>5. Sign Spinner</h3> <p>Standing by the side of the road to draw attention to a local business, such as by spinning a sign, has a long history. Businesses have hired people to stand outside their locations and convince buyers to enter for centuries. But it&rsquo;s become a less lucrative job over the years and can now rank particularly poorly, especially with the need to stand near busy streets and breathe in pollution for hours on end.</p> <h3>6. Renting Out Your Stuff</h3> <p>There are an increasing number of websites that let you rent out your car, parking spaces, a spare room, tools, or anything else you might have. But because most of these sites orchestrate short-term loans, you&rsquo;re not about to raise a lot of money this way. You better have other motives for renting out your things than just cash.</p> <h3>7. Recycling Scrap Metal</h3> <p>The prices that recyclers pay for scrap metal fluctuate pretty regularly. Even when they&rsquo;re good, though, it&rsquo;s hard to turn recycling scrap metal into a lucrative opportunity. In order to make a sizable amount of money (think over $500), you need to turn in something like an old car or camper. Collecting old soda cans isn&rsquo;t even going to earn you minimum wage, and you might get pretty smelly hunting them down.</p> <h3>8. Treasure Hunting</h3> <p>Infomercials for <a href="http://www.wisebread.com/metal-detecting-for-beginners-patience-and-profit">metal detectors</a> promise that you&rsquo;ll find all sorts of valuables while taking a relaxing stroll down the beach. But even if you take a more active approach to finding some treasure, the odds of actually finding something are slim.</p> <h3>9. Work-at-Home Schemes</h3> <p>There are plenty of lucrative ways to work from home, but there&rsquo;s a particular <a href="http://www.wisebread.com/6-ways-to-spot-work-at-home-job-scams">work-at-home scam</a> that goes around on a regular basis. Someone will post an ad offering people the chance to make money stuffing envelopes or assembling crafts at home &mdash; some sort of situation where you have to buy supplies from the advertiser before you can start making money. But when you actually do the work, the scammer tells you that your work doesn&rsquo;t meet requirements.</p> <h3>10. Playing Video Games</h3> <p>There actually used to be some well-paying opportunities that went along with playing video games, like creating in-game items and then selling them for real-world money. But these days, you have to compete with players in cheaper markets who have dramatically driven down the value of most of the items you can commonly sell.</p> <p>You may read through this list and think that you could make some serious money with any of these options &mdash; that you can buck the curve. But the reality is that with each of these situations, earning money is incredibly difficult. It requires more luck than it really ought to, and the odds are good that you won&rsquo;t even hit minimum wage with any of these ventures. You&rsquo;d be better off picking up a second job before considering any one of these options.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/thursday-bram">Thursday Bram</a> of <a href="http://www.wisebread.com/the-10-worst-ways-to-make-extra-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-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/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</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/cool-convenient-cash-11-easy-ways-to-make-money-online">Effortless Ways to Make Money Online That Don&#039;t Require Skills</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/making-money-from-clinical-trials-worth-the-risk">Making Money From Clinical Trials: Worth the Risk?</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/can-i-really-make-money-taking-surveys">Can I Really Make Money Taking Surveys?</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/resources/paid-surveys">How to Get Paid to Take Online Surveys</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income online surveys part-time job renting what is my time worth Thu, 03 May 2012 10:36:08 +0000 Thursday Bram 926070 at http://www.wisebread.com Great Summer Jobs for Kids and Adults http://www.wisebread.com/great-summer-jobs-for-kids-and-adults <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/great-summer-jobs-for-kids-and-adults" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/4486953295_bb2d8997ac_z.jpg" alt="kids washing car" title="kids washing car" class="imagecache imagecache-250w" width="250" height="166" /></a> </div> </div> </div> <p>The lazy days of summer may not be here yet, but for many kids and adults, now is the time to start thinking about a summer job. There are summer jobs for children of all ages, and some new opportunities for earning income as an adult become available during the summer months, too. Here are some ideas to get you started. (See also: <a href="http://www.wisebread.com/25-ways-to-make-money-today">25 Ways to Make Money&nbsp;Today</a>)</p> <h2>Jobs for Kids Under 12</h2> <p>Once children realize that having money means they can buy fun things, they want to earn some money of their own. Until the child is old enough to get working papers, they&rsquo;re not allowed to get a job. To encourage their entrepreneurial spirit and desire to earn some money, here are some ideas for helping young children earn some summer cash:</p> <ul> <li>Lemonade stand</li> <li>Bake sale</li> <li>Car wash (in your driveway)</li> <li>Yard sale</li> <li>Summer chores around your home</li> <li>Yard work (perhaps there are some elderly neighbors who could use a hand raking their yard or clearing away brush?)</li> </ul> <h2>Jobs for Tweens 12&ndash;16</h2> <p>As children reach their young teen years, they&rsquo;re often more determined to make some spending money of their own. This is the age when the kids begin asserting more independence and spending more time out with friends, and thus, the desire to have money in their pockets increases. Unfortunately, they&rsquo;re still too young to get on payroll at most places, but they have a few more opportunities for earning money than the younger children. Here are some ideas:</p> <ul> <li>Lawn care</li> <li>Babysitting, mother's helper, or junior camp counselor</li> <li>Pet sitting or dog walking</li> <li>Selling their outgrown toys and video games on eBay or Craigslist</li> <li><a href="http://www.retireat21.com/blog/top-20-young-internet-entrepreneurs-under-21">Online businesses</a></li> </ul> <h2>Jobs for Teenagers With Working Papers</h2> <p>Once a teenager is old enough to get working papers, he or she can start applying for &ldquo;real jobs.&rdquo; There are limitations on the type of work they are allowed to do, but some common summer jobs for this age group include:</p> <ul> <li>Fast food employee</li> <li>Restaurant waitstaff</li> <li>Paper delivery person</li> <li>Camp counselor</li> <li>Lifeguard</li> <li>House cleaner</li> <li>Amusement park staff/ride operator</li> <li>Telemarketer</li> <li>Administrative assistant</li> </ul> <p>Once your teenager is old enough to get on the payroll of a company, you should stress the importance of saving a percentage of their income if you haven&rsquo;t already. You can even <a href="http://www.wisebread.com/help-your-teenager-earn-their-first-million">help your teenager earn their first million dollars</a>, since they have adequate time to use the power of compounding interest.</p> <h2>Jobs for Adults</h2> <p>As an adult looking to earn extra money during the summer months, you have a wide range of options, from temporary employment at local tourist destinations to part-time evening or weekend jobs centered around your existing career. You can even start a summer business to grow your income. Here are a few ideas to get your creative juices flowing:</p> <ul> <li>Lawn and garden service (See also: <a href="http://www.wisebread.com/the-6-best-lawn-mowers">The 6 Best Lawn Mowers</a>)</li> <li>Tourist destinations: hotels, day camps, resorts, and campgrounds</li> <li>Bartending</li> <li>Babysitting (many parents are in a jam during the summer months when school is out)</li> <li>Freelance and <a href="http://www.wisebread.com/3-sources-for-freelance-work-at-home-jobs">work-at-home</a> jobs</li> <li>Farmhand</li> <li>Organizing assistance (help others get their garages, basements, closets, etc organized)</li> </ul> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/debbie-dragon">Debbie Dragon</a> of <a href="http://www.wisebread.com/great-summer-jobs-for-kids-and-adults">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-4"> <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/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</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/making-money-from-clinical-trials-worth-the-risk">Making Money From Clinical Trials: Worth the Risk?</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/the-10-worst-ways-to-make-extra-money">The 10 Worst Ways to Make Extra 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/five-jobs-for-children">Five &quot;Jobs&quot; for Children</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-kids-and-adults-can-earn-extra-income-by-doing-voice-overs">How Kids and Adults Can Earn Extra Income by Doing Voice-Overs</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income kids and money part-time job summer jobs Mon, 09 Apr 2012 10:24:08 +0000 Debbie Dragon 916313 at http://www.wisebread.com 12 Side Jobs for Stay-at-Home Moms and Dads http://www.wisebread.com/12-side-jobs-for-stay-at-home-moms-and-dads <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/12-side-jobs-for-stay-at-home-moms-and-dads" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/baby%20with%20laptop.jpg" alt="baby with laptop" title="baby with laptop" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>There are many reasons a person might <a href="http://www.wisebread.com/7-things-to-consider-before-becoming-a-stay-at-home-parent" title="7 Things to Consider Before Becoming a Stay-at-Home Parent">choose to be a stay-at-home mom or dad</a>. The cost of childcare might be prohibitive, or you might feel that having a parent at home is essential for your child's development. However, staying at home with your child can be a sacrifice in terms of the income you could be bringing in if you were out in the workplace. (See also: <a href="http://www.wisebread.com/9-ways-to-earn-extra-cash-when-money-is-tight" title="9 Ways to Earn Extra Cash When Money Is Tight">9 Ways to Earn Extra Cash When Money Is Tight</a>)</p> <p>If you're a stay-at-home parent, you might be looking for ways to create additional income to help with mortgage payments or bills around the house, but feel limited in what jobs you can take because of your child's needs. To help you generate extra income while taking care of your little ones, here's a list of flexible side jobs that are great for stay-at-home moms and dads.</p> <h3>1. Sell Crafts Online</h3> <p>If you enjoy knitting, sewing, crocheting, woodworking, jewelry-making, or another creative craft, you may want to consider selling your creations online on <a title="Etsy" href="http://www.etsy.com">Etsy</a>. All you need are some start-up materials, your creative skills, and the ability to pack and mail orders. You'll probably be paid via <a title="Paypal" href="http://www.paypal.com">Paypal</a>, and you can set up your Paypal shipping options so that you can print shipping labels from your home computer. There is a huge market for hand-crafted items today, and if you market yourself well, you can create quite a successful small business.</p> <h3>2. Host an Exchange Student</h3> <p>If you live near a university or college campus, your home may be prime real estate for hosting exchange students. Many university students come to the States for intensive English-training courses and are looking for quality &quot;homestays&quot; where they live with a local family for a few months in order to practice their English and learn about American culture. You will need to provide a private room with Internet access, as well as a few meals a day. If you live near a bus or subway stop and have a spare room, this is a great way to use your space to maximize your income. Contact your local university's exchange program for details.</p> <h3>3. Start a Freelance Business</h3> <p>Perhaps you have amazing illustration or photography skills, make beautiful cards, are an expert at cake decorating, or feel that you can write better articles than most of the crap that's on the Internet. Whatever your skill is, make it work for you by marketing yourself as a freelancer. Start a website or a blog where <a href="http://www.wisebread.com/how-to-find-freelance-clients-part-one" title="How to Find Freelance Clients - Part One">potential clients</a> can find you, and start doing small free (or cheap) jobs for friends to build up your portfolio and a word-of-mouth network.</p> <h3>4. Monetize Your Blog</h3> <p>Many of my friends who are stay-at-home moms have blogs where they document their cooking mishaps, crafting adventures, and gorgeous pictures of their babies. You can create an easy additional stream of income by putting Google ads onto your website or blog, and then marketing your blog on websites such as <a title="Foodgawker" href="http://www.foodgawker.com">Foodgawker</a>, <a title="Craftgawker" href="http://www.craftgawker.com">Craftgawker</a>, <a title="Pinterest" href="http://www.pinterest.com">Pinterest</a>, and other websites.</p> <p>(See also: <a href="http://www.wisebread.com/why-you-should-think-twice-before-bidding-on-freelance-gigs">6 Tips for Landing Freelance Blogging Gigs</a>)</p> <h3>5. Tutoring or Teaching an Instrument</h3> <p>Tutoring is a great way to use your skills and earn extra income while staying at home with the kids. Often, you can have students come to your house, so you don't even have to drive or be away from home. Search listings on <a title="Craigslist" href="http://www.craigslist.com">Craigslist</a> or at local schools and colleges, and you'll quickly come up with many opportunities. Along the same lines, teaching piano or another instrument from your home can be an excellent way to earn very good money.</p> <h3>6. Direct Sales</h3> <p>Bet you never thought you'd be one of those <a title="Avon" href="http://www.avon.com">Avon</a> ladies, did you? If you're outgoing and have contact with a large number of friends and acquaintances, or if you have a business (such as teaching piano) out of your home, doing direct sales might be a good option for you. It requires party planning and a certain amount of prep work, but if you're a good salesperson you can earn income this way. Jewelry, cosmetics, and cookware are all options for direct sales. However, be careful when researching this option; go with a trusted, reputable company that has good reviews.</p> <h3>7. Babysitting and Daycare Jobs</h3> <p>You've definitely got the childcare experience, so why not make it work for you? Babysit a neighbor's kids while taking care of your own. In general, you'll need a driver's license and a clear driving record in order to pick kids up after school, drive them to sports engagements, and take them home. Making a healthy meal and minor housekeeping duties may also be part of the package.</p> <h3>8. Substitute Teaching</h3> <p>Depending on the state you live in, you may be qualified to be a substitute teacher if you have a bachelor's degree. Although this will require you to be away from your family and to find childcare for your work days, you can work as little as a few days a month but take home a substantial paycheck.</p> <h3>9. Become Certified as a Notary Signing Agent</h3> <p>Becoming certified as a notary can be a lucrative gig. You'll need to take a training course to teach you how to notarize official documents such as loan and mortgage documents. While this job is flexible and allows you to spend more time with your family, you'll need to get childcare for times when you are meeting with clients, and it does require a significant investment of time to be really profitable.</p> <h3>10. Home Beauty Services</h3> <p>Get certified as an esthetician or massage therapist and offer manicures, massages, facials, and other beauty treatments at home. I have personally gone to several estheticians who work from home, and I have enjoyed the personalized service and better prices. You'll need to have a room in your home dedicated to your beauty services, specialized equipment (such as a massage table, steam machine, etc.), and beauty products, so it will require some capital to start up. However, you can schedule your services to suit your schedule and be at home the entire time. Please note that you'll have to find out what restrictions, requirements, and other laws there are for home-based beauty services in your local area.</p> <h3>11. Resell Vintage Items</h3> <p>There's a huge market for vintage items on the Internet. By browsing thrift stores, yard sales, estate sales, and consignment stores, you can find plenty of treasures that people are willing to pay for. List them online on <a title="eBay" href="http://www.ebay.com">eBay</a> or <a title="Etsy" href="http://www.etsy.com">Etsy</a>, and watch your bank account grow.</p> <h3>12. Office Support</h3> <p>Many companies are looking for customer service agents who can answer the phone at home and provide support to clients, or someone to provide administrative support with paperwork, data processing, or other tasks. Check out job boards like the one at <a title="WAHM.com" href="http://www.wahm.com/jobs.html">WAHM.com</a>, which lists flexible jobs specifically geared to work-at-home moms.</p> <p>When looking for a side job, be sure to be wary of <a href="http://www.wisebread.com/6-ways-to-spot-work-at-home-job-scams" title="6 Ways to Spot Work-at-Home Scams">work-at-home scams</a>. Never pay upfront for promised future employment, and beware of offers that sound too good to be true. Caution aside, by being creative you can increase your streams of income to generate a nice tidy sum that will help out with the finances while allowing you to spend time with the kids.</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/12-side-jobs-for-stay-at-home-moms-and-dads">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/30-great-side-jobs">30 Great Side Jobs</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-kids-and-adults-can-earn-extra-income-by-doing-voice-overs">How Kids and Adults Can Earn Extra Income by Doing Voice-Overs</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-truths-from-a-mystery-shopper-you-must-read-before-you-get-started">8 Truths From a Mystery Shopper You Must Read Before You Get Started</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/9-ways-to-earn-extra-cash-when-money-is-tight">9 Ways to Earn Extra Cash When Money Is Tight</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/making-money-from-clinical-trials-worth-the-risk">Making Money From Clinical Trials: Worth the Risk?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income part-time job side jobs stay at home jobs stay at home parents Tue, 08 Nov 2011 10:00:35 +0000 Camilla Cheung 772855 at http://www.wisebread.com Making Money From Clinical Trials: Worth the Risk? http://www.wisebread.com/making-money-from-clinical-trials-worth-the-risk <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/making-money-from-clinical-trials-worth-the-risk" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/iStock_000015627360Small.jpg" alt="Woman having her blood pressure taken" title="Woman having her blood pressure taken" class="imagecache imagecache-250w" width="250" height="164" /></a> </div> </div> </div> <p>As a broke college student, the allure of a huge payday for a weekend of &quot;selling my body to science&quot; was all too appealing. My roommate and I saw an ad for a study that would pay $750 for participating over a weekend. We had all the time in the world, needed money, and figured it was a no-brainer, so we signed up.</p> <p>As it turns out, it was an early phase clinical trial for a migraine drug. In retrospect, I have my doubts whether the candidate ever made it to market, or at least at the dose we were subjected to. I was the lucky one &mdash; as I found out after the study, I received the placebo. My roommate got the good stuff. Shortly after an IV injection, he started to experience severe headaches, and then he threw up all over the place. This continued for some time and didn't subside until they dropped the dosing (which they administered every several hours). He was quite miserable. To make matters worse, we weren't allowed to talk to other people at the facility. They had some seemingly strange rules we never figured out. We joked that it was kind of like prison, but without the guards and shackles. We did have a PlayStation to pass the time, however, and it makes for some memorable conversation to this day. (See also: <a href="http://www.wisebread.com/9-ways-to-beat-a-killer-headache-with-stuff-you-have-around-the-house">9 Ways to Beat a Killer Headache</a>)</p> <h3>Is Making Money From a Clinical Trial Worth the Risk?</h3> <p>All clinical trials are different, and they shouldn't be condemned outright. First off, I work in biotech, and I'm fully aware that without human trials, we'd never see any innovative drugs introduced. Chances are, if you're reading this, you've been the beneficiary of some sort of medicine or cosmetic that underwent both animal and human testing.</p> <p>However, it's not something I'd recommend for my kids or other people looking to <a href="http://www.wisebread.com/5-money-making-activities-you-can-do-today">earn extra money</a>. Like most things in life, the greater the risk, the greater you'd expect the pay to be. If you're testing out a cosmetic or you're a food taster, chances are you're not going to make nearly what you would in a medical clinical trial, where you're likely subjecting yourself to more risk. While it's rare, people do experience seriously adverse events and even death during clinical trials.</p> <p>During the enrollment period, you'll be asked to review and sign various documents. Some good pointers in this month's <a href="http://www.consumerreports.org">Consumer Reports</a> print edition include ensuring that you retain the right to sue for adverse effects and the right to withdraw at any time. I hadn't really thought of these things when I participated, and in retrospect, if my roommate tried to go home, I wonder if they would have forcibly detained him?</p> <h3>How to Find Clinical Trials</h3> <p>The most widely used (and legitimate) resource for clinical trial recruitment is through the registry at <a href="http://www.clinicaltrials.gov">clinicaltrials.gov</a>. However, often you'll also hear radio spots or see newspaper advertisements recruiting as well. As I recall, we found out about the trial through a campus newspaper ad. Word of mouth is another means to learn more about what the actual conditions and experiences were at the facility from people who already participated. If possible, it's ideal to find out what company is overseeing the trial and learn a bit about the facility in advance.</p> <p>Personally, I don't see myself ever participating in a clinical trial again, but in the name of scientific progress, the medical community will always need volunteers and compensate them accordingly.</p> <p><em>Have you ever participated in a clinical trial?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/darwins-money">Darwins Money</a> of <a href="http://www.wisebread.com/making-money-from-clinical-trials-worth-the-risk">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-6"> <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/12-side-jobs-for-stay-at-home-moms-and-dads">12 Side Jobs for Stay-at-Home Moms and Dads</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-sell-your-hair-for-cash">How to Sell Your Hair 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/generic-drug-price-lists-for-six-major-pharmacies">Generic Drug Price Lists For Six Major Pharmacies - Updated</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/great-summer-jobs-for-kids-and-adults">Great Summer Jobs for Kids and Adults</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-5-gadget-that-can-save-you-thousands-of-dollars">The $5 Gadget That Can Save You Thousands of Dollars</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Extra Income Health and Beauty drugs medical care part-time job testing Mon, 23 May 2011 10:24:20 +0000 Darwins Money 546184 at http://www.wisebread.com Who Cheated Us Out of Our Amazing Future? http://www.wisebread.com/who-cheated-us-out-of-our-amazing-future <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/who-cheated-us-out-of-our-amazing-future" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/futuristic-sculpture-in-chicago.jpg" alt="Futuristic sculpture" title="Futuristic sculpture" class="imagecache imagecache-250w" width="250" height="156" /></a> </div> </div> </div> <p>At least as far back as the 1950s, people were talking about how automation would mean that in the future, we'd only have to work 20 hours a week to support ourselves &mdash; freeing up the rest of our time for recreational or creative pursuits.</p> <p>The technology came through, but the lifestyle didn't. In any field that's been amenable to the application of technology, worker productivity has increased drastically, but I don't know two people who're working 20-hour weeks and devoting the rest of their time to their art.</p> <p>So what happened?</p> <h3>Rising Standards of Living</h3> <p>In 1950, about 30% of the average household budget went to food. In 2009, only 14% went to food. So for that category of spending, the utopian future actually did materialize &mdash; a consumer only needed to work half as many hours to pay for food in 2009 as in 1950.</p> <p>The same was true in one other large category: clothing. Households had to allocate 12% of their spending to apparel in 1950, but only 4% in 2009 &mdash; only one-third as many hours needed to be worked to cover the cost of clothing.</p> <p>The other large spending categories don't show a similar pattern &mdash; except maybe they do, if you dig down a bit. Instead of choosing to work fewer hours, we've worked the extra hours in order to get more and better stuff.</p> <p>Housing took 30% of a household's spending in 1950 and it took 42% in 2009 &mdash; but there was a huge difference in size and quality. In 1950 the average housing unit was much smaller &mdash; about half the size. It lacked many of the accouterments that virtually all houses and apartments have now. It wouldn't have had air conditioning and might well not have had central heating; many didn't even have indoor plumbing. Most households also lacked many of the small appliances that we take for granted nowadays &mdash; mixers and vacuum cleaners were rare; microwaves, blenders, and breadmakers unheard of.</p> <p>Transportation took 13% versus 16% now, but improvements there have been at least as remarkable as those in housing &mdash; practically everyone owns a car now, and the cars run well for many years with minimal maintenance. In 1950 only about three-fifths of households had a car (only the wealthy had two cars), and those cars wore out in just a few years. Carpooling was ordinary, and many people still commuted by bus or rail.</p> <p>In the 1950s, the average household had to allocate 85% of its spending to cover the basic necessities &mdash; food, clothing, shelter, transportation. If you can downscale your housing and transportation to what was typical for 1950, the same standard of living could be purchased now for about 40% of spending.</p> <p>So we really did get our magical future where we only had to work half as many hours to live a comfortable, middle-class (1950s) lifestyle. Except we chose to live a luxurious twenty-first century lifestyle instead.</p> <p>But there's more to it than that, because most people didn't really get a choice. Yes, they could have cut their <em>spending</em> to get by on just half their income, but the option to work <em>half as many hours for half the pay</em> was largely not available.</p> <h3>Greed and Laziness</h3> <p>Instead of the future the utopians hoped for, as technology has made it possible to do more work with fewer people, employers have let workers go. (And, as technology has made it possible to do work overseas where workers are cheaper, they've moved production overseas and cut their domestic workforce even more.)</p> <p>At one level, you might say the answer is simply greed &mdash; since the 1970s, the gains due to automation have gone all to the providers of the capital that financed it, and none to the workers whose work has been automated. Still, one man's greed is another man's ordinary good business practice, so that's not a completely satisfying answer.</p> <p>I think there are two other aspects.</p> <p>Part of the answer is that managers are lazy. (Or, if you prefer, clever.) They <em>could</em> hire twice as many half-time workers, but that turns out to be a lot of extra work for them.</p> <p>There's the overhead of running a payroll, of keeping track of (and following) the ever-changing laws and regulations on employment, managing them on a day-to-day basis, doing performance appraisals, dealing with turnover, etc. Some of that overhead is fixed as soon as you add employee #1, but a lot of it ends up being multiplied by the number of employees you've got.</p> <p>The upshot is that employers prefer having the smallest number of employees possible (and working them as hard as possible), as opposed to having a larger number of employees who work part-time.</p> <p>The employees themselves, of course, have diverse perspectives on this. Some are perfectly happy working very long hours &mdash; especially those who get paid by the hour, but also those who are trying to build careers. Others would much rather work fewer hours for less pay.</p> <p>Under the influence of big companies, government has also weighed in on the side of &quot;full-time&quot; employment in the sense that many rules to protect workers rights to pensions and other benefits only apply (or apply more strongly) to full-time workers.</p> <p>The upshot is that common practices, together with the incentives that businesses face, largely close off the opportunity for the happy futuristic utopia that we were promised.</p> <h3>Take Back Your Future!</h3> <p>The productivity gains are real. If you want to live a 1950s lifestyle, you can do it for about half the cost a household would have had to pay in 1950.</p> <p>Jobs that support such a lifestyle are more limited, but that doesn't mean that there are none. And if living the 1950s fantasy of techno-utopia appeals to you, it doesn't matter if there are a lot of such jobs. You just need to find one.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/philip-brewer">Philip Brewer</a> of <a href="http://www.wisebread.com/who-cheated-us-out-of-our-amazing-future">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-7"> <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-things-you-must-do-before-you-quit-your-job">5 Things You Must Do Before You Quit Your Job</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/when-should-you-say-no-to-those-who-want-to-borrow-money-from-you">When Should You Say No to Those Who Want to Borrow Money from You?</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/is-six-figures-really-that-much">Is Six Figures Really That Much?</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/tips-for-finding-legitimate-work-at-home-opportunities">Tips for Finding Legitimate Work at Home Opportunities</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/welcome-to-the-real-world-my-best-advice-for-new-graduates">Welcome to the Real World - My Best Advice for New Graduates</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Career and Income part-time job retro standard of living Mon, 03 Jan 2011 13:00:10 +0000 Philip Brewer 427734 at http://www.wisebread.com How to Build Wealth in a Depressed Economy http://www.wisebread.com/how-to-build-wealth-in-a-depressed-economy <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-build-wealth-in-a-depressed-economy" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/325588888_9369962730_z.jpg" alt="coin jar" title="coin jar" class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>The current economic environment has led many investors to become pessimistic about the United States'&nbsp;economy. Consumer confidence is low and unemployment is running high. But as Warren Buffett has often noted, economic recessions are when investors can find some of the absolute best opportunities.</p> <p>Let&rsquo;s take a look at a few ways to build wealth during the current downturn. (See also: <a title="5 Money Lessons From Millionaires" href="http://www.wisebread.com/5-money-lessons-from-millionaires">5 Money Lessons From Millionaires</a>)</p> <h3>Invest in areas where no one else is&nbsp;</h3> <p>One of the easiest ways to lose your hard-earned dollars is by following the crowd. Fear is causing many investors to rush to the safety of Treasury bonds and gold. These assets do have some value, but they are not the best opportunities right now. The time to rush into gold was when no one was buying it at $300 or $400 per ounce. Gold now trades at nearly $1,400 an ounce. You never want to chase an investment when it is trading close to its all-time high valuation.</p> <p>Investors looking for a nice return should turn their attention to the assets that investors are avoiding. Stocks and exchange-traded funds (ETFs) in the financial sector have been underwater for years now. Many technology stocks are still trading at prices below their true value. The steel and industrial production sector contains some great values as well. These investments are long-term holds that could reap serious rewards for risk-taking investors.</p> <h3>Build another income stream</h3> <p>Unemployment may be running high, but that shouldn&rsquo;t deter you from <a href="http://www.wisebread.com/10-small-businesses-that-are-free-or-cost-little-to-start-up" title="10 Small Businesses That Are Free or Cost Little to Start Up">starting your own company</a>. A bad economy is the perfect impetus for starting an online business. There are needs for temporary agencies, consultants, and webpreneurs. All of these businesses require very little overhead and can be started from the comfort of your own home. Most just require paying a few bucks for a domain name to get started.</p> <p>A part-time job can also add a little income. You can do freelance writing or design work for other companies and bring in an extra couple hundred dollars a month. You can start you own catering business or run errands for people in your neighborhood. If you love pets, then start a pet-sitting business. Your entrepreneurial venture could end up turning into a full-time job.</p> <h3>Buy residential real estate</h3> <p>The real estate market looks like an absolute mess right now. Foreclosures are peaking and home prices continue to be depressed. Every market pundit is predicting more pain for the real estate sector. But while the market may be tough now, but there are signs that the sector may finally be reaching bottom.</p> <p>Mortgage rates are the lowest that they have been in decades. This could help entice some homebuyers and real estate investors back into the market. Remember back in 2009 when everyone was so pessimistic about the stock market? The market reached its low early in 2009 and has bounced back nicely. Many investors missed the rebound waiting for another market drop.</p> <p>The same thing could be setting up right now in the real estate market. Everyone is waiting for commercial and residential real estate to hit bottom. The truth is that no one can tell when a market is at its lowest point. Investors with the capital should consider getting in these markets now, as they are much cheaper than they were just a few years ago.</p> <p>Remember that during a bad economy can be the best time to implement your wealth-building strategy. Just because the economy is in a downswing doesn&rsquo;t mean that you cannot emerge from these difficult times in better financial shape than you entered them.</p> <div class="field field-type-text field-field-guestpost-blurb"> <div class="field-label">Guest Post Blurb:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <p>This is a guest post by Mark. Mark publishes his own financial blog at <a href="http://buylikebuffett.com/">Buy Like Buffett</a>. He is a registered investment advisor and has written financial columns for Baltimore and Washington D.C. area newspapers. Read more by Mark:</p> <ul> <li><a href="http://buylikebuffett.com/index.php/2010/08/5-ways-to-start-investing-with-50/">5 Ways To Start Investing With $50</a></li> <li><a href="http://buylikebuffett.com/index.php/2010/09/3-great-sites-for-earning-freelancing-income/">3 Great Sites For Earning Freelancing Income</a></li> <li><a href="http://buylikebuffett.com/index.php/2010/09/3-companies-that-have-virtual-monopolies-in-the-united-states/#more-4096">3 Companies That Have Virtual Monopolies In The United States</a></li> </ul> </div> </div> </div> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mark">Mark</a> of <a href="http://www.wisebread.com/how-to-build-wealth-in-a-depressed-economy">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-8"> <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-ways-to-avoid-running-out-of-money-in-retirement">6 Ways to Avoid Running Out of Money in Retirement</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/real-estate-investing-is-cheaper-and-easier-than-you-think">Real Estate Investing Is Cheaper and Easier Than You Think</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/what-i-miss-about-the-recession">What I Miss About the Recession</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/retirement-not-just-for-people">Retirement: Not Just for People?</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/etfs-offer-incredible-benefitswith-a-dark-side">ETFs Offer Incredible Benefits...with a Dark Side</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Financial News Investment freelance jobs part-time job real estate investing recession Thu, 28 Oct 2010 13:00:12 +0000 Mark 272346 at http://www.wisebread.com Should you take a second job? http://www.wisebread.com/should-you-take-a-second-job <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/should-you-take-a-second-job" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="/files/fruganomics/imagecache/250w/blog-images/mop.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Right now is actually the perfect time to take a second job. The holiday season is gearing up in most retail stores, and chains everywhere are <a href="/use-holiday-hiring-to-get-your-next-job-%E2%80%93-and-keep-it">hiring seasonal workers</a>. Whether it&#39;s stocking shelves, mopping floors, filling displays, or selling goods, the shopping season is ramping up and now is the time to locate and nab that those holiday gigs. </p> <p>If you, like most Americans, are <a href="http://money.cnn.com/magazines/moneymag/money101/lesson9/">deep in credit card debt</a>, you might be wondering how exactly you are going to pay it off. Or maybe you&#39;re not in debt, but need to make some extra cash to put a down payment on a car or condo, or start your own business. Maybe you just want to buy your sweetheart (or cat) something really special this holiday season. </p> <p>Basically, you need more money, and you need it soon.</p> <p>I&#39;ve manage to get myself into and out of debt a couple of times (I&#39;m talented like that), and the way I always clamor out of crushing credit card totals is by taking an extra job on the evenings and weekends. It takes a little extra planning to make everything go smoothly, but the rewards of quickly making additional income are not to be underestimated.</p> <p>Some things to consider when taking on a side job:</p> <h4>Don&#39;t overdo it</h4> <p>There&#39;s no point in working yourself to death. I don&#39;t mean that there is anything wrong with being tired for a couple of months, but don&#39;t overextend yourself to the point that it effects your health or your current job performance. Also, no one needs your exhaustion-induced erratic highway driving during the holidays.</p> <h4>Can you organize your life around the busy schedule?</h4> <p>It&#39;s important, when faced with a tough and busy schedule, to downgrade other areas of your life. You might have to skip holiday parties if you are working nights. Lunch may become Cup O&#39;Noodles until crunch time is over. While there&#39;s no need to deprive yourself entirely while working 60+ hours a week, you need to be careful to let yourself work.</p> <h4>Is it worth your time?</h4> <p>I&#39;m unmarried and have no dependents, so childcare isn&#39;t an issue for me. If spending time away from your family is an impossibility, then this might not be an option for you. It does help to calculate how much money you expect to make during the time that you plan to hold a second job, but the earnings should always offset the costs. For instance, were I to take on a second job right now, I would likely need to hire someone to walk my dogs once a day. This would cost me approximately $60 a week, and my earnings would need to easily absorb this expenditure and leave me with enough money left over to make the additional job WORTH it.</p> <p>I&#39;ve often heard job experts warn that you should <strong>never</strong> take a lower salary for a side job than you earn at your day job. I disagree, for several reasons. First, many white collar jobs involve collaborating with other team members, and they can&#39;t  expected to stay up until midnight working on a grant proposal with you because that&#39;s when YOU want to work. Given the wacky hours that an additional part-time job might entail, it can be unreasonable to demand the same hourly wage that you make during the day. I&#39;m a tech writer - it would be tough for me to say to a potential hiring manager &quot;Yes, I expect to make as much as I do during the day, but I won&#39;t be available for daytime meetings or phone calls.&quot; I&#39;ll either have to charge less because I&#39;m inconveniencing the employer with my weird hours, or I&#39;ll have to find a different type of job. </p> <p>Moonlighting can also be a risk because of your current employer&#39;s rules about who you can and cannot work for on the side.</p> <h4>Will it affect your taxes?</h4> <p>If you already exist on the edge of a tax bracket, earning additional income might bump you into a higher economic stratus, which could result in the government taking a LOT more of your income through taxes than previously, thus eating up the additional money that you made by working a second job. This is definitely something to consider beforehand. </p> <h4>Will you keep at it?</h4> <p>The whole point of starting an extra part-time job is to make money, but it doesn&#39;t hurt to make positive network connections, if possible. There&#39;s no point in taking on a second job if you are just going to quit a week later. Not only will you not make the money you need/want, but you might alienate new coworkers or bosses who will have to scramble to hire someone to replace you.</p> <h4>Is it interesting, comfortable, or easy enough?</h4> <p>I work at a desk all day. As a result, when I look for a second job, I never seek employment that will have me physically in the same position for an additional 25 hours a week. Instead, I may look into waitressing (hard work, but great exercise), dishwashing (at least I&#39;m standing), housecleaning, yard work, babysitting, or something - ANYTHING other than my current job. The change of pace is nice for me. I don&#39;t think I could waitress full time, as I have a decided lack of patience for humanity, but on a short-term basis, it&#39;s a great change-up from my normal isolated work environment.</p> <p>I also don&#39;t look for anything that is particularly intellectually challenging. If I&#39;m going to be working late into the night, my brain cannot be trusted to maintain logical or rhetorical abilities. There&#39;s no way I could make any extra money tutoring people for the GRE, but there are some people who thrive on constant intellectual stimulation.</p> <p>If you don&#39;t have the luxury of being free to leave your home (say you&#39;re a stay-at-home mom), you might consider offering holiday childcare services, either during the day or in the evenings. People with enough disposable income might welcome a break from the kids for a holiday party or for holiday shopping.  </p> <h4>Are there any side benefits?</h4> <p>If you can find a temp job in an industry that you are fascinated by, you&#39;re lucky. But even if you don&#39;t LOVE washing dishes, there can be benefits to working in a restaurant. I worked in one all through college and got free Chinese food every night. Some retailers might give employees (even temp employees) discounts on products or services or even give our free product samples. While this shouldn&#39;t be a primary consideration when looking for a side job, it certainly can help sweeten the pot and make the extra effort well worth it.</p> <ul> <li><a href="http://www.consultantjournal.com/blog/second-jobs-ideas-and-tips-for-second-jobs">Side job ideas</a></li> <li><a href="http://jobs.aol.com/article/_a/when-moneys-tight-second-job-tips/20060524144009990007">Tips for working a second job</a></li> <li><a href="http://www.quintcareers.com/career_doctor_cures/moonlighting.html">Moonlighting tips</a></li> <li><a href="http://abcnews.go.com/GMA/story?id=5552062&amp;page=1">Maximizing your returns with a second job</a></li> <li><a href="http://www.moneyunder30.com/surviving-a-second-job-moonlighting-tips">Surviging a second job</a></li> </ul> <p><em>I&#39;d be interested to hear from Wise Bread readers who have held temp jobs over the holidays - what kind of work did you do? How did you make it work? Did you have to balance work and family? Where did you find the job? (I always find mine as a walk-in or on Craigslist).</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/should-you-take-a-second-job">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-9"> <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/tips-for-finding-legitimate-work-at-home-opportunities">Tips for Finding Legitimate Work at Home Opportunities</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-find-freelance-clients-part-one">How to Find Freelance Clients - Part One</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-warning-signs-that-it-is-not-the-job-for-you">6 Warning Signs that It Is Not the Job for You</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/fantasy-football-leagues-in-the-workplace">Fantasy Football Leagues in the Workplace?</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/notchup-get-paid-to-go-on-interviews">NotchUp - Get Paid to Go on Interviews</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building extra job extra spending cash extra work holiday employment holiday hiring Making Extra Cash moonlighting part-time job second job swing shift tax bracket. side job temp work temporary work Thu, 30 Oct 2008 23:58:58 +0000 Andrea Karim 2556 at http://www.wisebread.com