Maybe you have a passion for something with potential to bring in extra cash, and it’s not your day job. Before committing to turning that passion into a side hustle, take some time to think about whether the upside may be worth the cost.
Thinking about returning to school to pursue a master’s degree or even a doctorate? While an advanced degree has the potential to improve earnings, it won’t necessarily guarantee a big impact on a career trajectory or salary prospects.
Family businesses can span generations, creating unique bonds as members come together to pursue common goals. At some point, a changing of the guard will happen, whether it’s a planned transfer or an unexpected bequest due to a sudden death.
The idea of sticking with a company for decades, climbing its corporate ladder and winning a generous pension is largely a thing of the past. Today’s workers tend to change jobs more readily, and regular transitions are increasingly acceptable for career development. But can job hopping too frequently cost you?
For freelancers and the self-employed, there’s a certain feeling of liberation that comes from being your own boss and playing by your own rules. While running your own business can be exciting, following some money management tips can also make it financially awesome.
You’re your own boss, which means you’re wearing multiple hats in a day’s work: CEO, COO, CMO and CFO, just for starters. Keeping a business thriving is no easy task, and neither is keeping up with changing tax laws and the perks for the self-employed.
Tax season probably isn’t anyone’s favorite time of year, but it is a necessity. By investing a little time and energy, you can uncover some opportunities to reduce your tax bill through various tax deductions offered by the IRS.
Maybe it’s your first job after college, or maybe it’s a few years into a third. No matter which situation you’re in, if your salary seems like it could be better, there’s one way to find out: negotiation.
Starting a business can be an adrenaline rush. Maybe your food truck gets top props for its plant-based burgers, you’ve tapped into the sharing economy with an indispensable app, or your side gig crafting sustainably sourced clothing has amassed a loyal following. If your passion has turned into a viable business, take the time to do some research and protect it with suitable insurance.
Whether you’re moving on a side hustle or going all-in on your entrepreneurial dream, starting a business is no small feat. It takes a brilliant idea, but also organization, planning and an infusion of cash to get the ball rolling.
Considering retirement could be 30, 40 or more years off in the distance, it’s perfectly understandable that more pressing needs are taking precedence. After all, if you’re finding your way along a career path, paying off student loans and keeping up with rising rents, then blowing off steam with a splurge on travel or entertainment can be a worthy reward.
Making job moves is a natural part of finding the right career or life path for you. Whether you’re in a position for the experience it provides, the paycheck you need, or the alignment with your education and talents, there will likely come a time when the work just isn’t cutting it anymore.