Welcome to the Income Increaser Module
Press Play to watch the video and read the information below to get started.
In this section, you will:
- Learn how to increase your income
Income is money received. We should start by incorporating recurring monthly income. This is income that you receive on a regular basis. If teaching is your only gig, then you should list your typical paycheck.
As the whole world knows, teaching is an underpaid profession. That’s half the reason you’re here. Breaks and holidays are some of the most sought after components of teaching, so we are going to use them to our advantage. As teachers, we anticipate breaks just as much if not more than students.
During my 18-month journey to tackling debt, I gave up almost all of my breaks minus Thanksgiving and Christmas days. It sounds kind of crazy, but I was determined to get out of debt. When I was a kid, I used to run from my parents before a spanking and my dad would say, “might as well get it over with.” That’s your mentality until all debts are gone. Remember, sacrifices now will mean complete freedom in the future!
The summer before I was completely debt-free, I worked my ass off cutting my neighbors grass, driving pedicabs (bicycle cab), working in a local bicycle shop on the weekends, driving Uber, charging Bird and Lime scooters, tuning up bikes by word of mouth, selling things that I didn’t use. Literally any opportunity to make more money, I did it and you will too.
You NEED to find ways to increase your income after work, on the weekends, or any other time that you can find. If you have children this could be a more difficult, so you’ll need to be creative. Could you and your spouse alternate watching the kids? Maybe you’re involved in a church that has a youth group that meets two nights a week. Do you have trusting family or friends that might be able to help out every now and then? Grandparents love this part! Check into before and after-school programs that are offered at your child’s school. Again, you will need to be creative. Even if it’s just one or two days a week, make it happen.
So let’s take a look at somethings you can do for extra income. Naturally, teachers are good at teaching. Use your talents and certifications to teach or tutor online. There are a few reputable tutoring websites and teaching opportunities. Check the RESOURCES page for a list of these. Also, put up flyers at the YMCA, local community centers, libraries, and social media.
There may be some coaching opportunities available in your district and possibly your school. These positions are usually decided at the beginning of the year, so act accordingly. Once, I served as head basketball coach at my school, even though I didn’t have a clue what I was doing. We went 2-10 that year. It wasn’t pretty, but I used that income to repay student loans and was about $3,000 closer to becoming debt-free. The good thing is that there’s a sport for every season. Feel free to use Google and YouTube religiously. The bad thing is sports can be very time consuming. Before accepting a position, you might want to consult with another coach and consider the amount of time the eligibility and behavioral components take up.
Next, consider things that you are already good at or may have an existing connection to. I have a fair amount of knowledge and experience with bicycles, so I reached out to the owner of a local bike shop and picked up some weekend shifts.
Then there are things like Uber, Lyft, Bird, Lime, and quite a few other companies (also listed on the RESOURCES page) that outsource work to contracted employees. They allow you to work when you are ready. I recommend doing a bit of research to find the secrets to capitalizing your income and using your time wisely. There is a method to the madness, so don’t give up if you aren’t killing it immediately. At the end of the day, anything that is increasing your income is a step in the right direction.
|Charge Scooters, Tutor, Additional Teaching opportunities, Recycling, Uber/Lyft, Teach English to foreign students online, create content for Teacherspayteachers.com or any other similar website, bartend, Rover App, Pet sitting/walking apps, donate plasma, wash cars, cut lawns, rake leaves, babysit, drop shipping, make YouTube videos, social media content, become an affiliate for your favorite websites (Ebay, Amazon are great!), House cleaning, Clean Airbnb’s, Airbnb, VRBO, Flipkey, HomeAway, Homestay, paid online surveys, Rent your car out using Turo, Sell the gift cards you never used online, sell things you aren’t using around the house or up in the attic. Think Craigslist or FB Marketplace, Garage Sale, Use your talent (photography, teaching, music, graphic design, sewing, etc). There are thousands of ways to make more money.|