Forget Aspen and consider the Alps. Depending on how close you live to the mountains, it may actually be cheaper to ski in Europe, including flight costs, than to ski in the U.S.
Skier Sam Weintraub, founder of ski resort review website PeakRankings, can attest to the price difference — after all, he’s skied at about 135 resorts worldwide. This past January, Weintraub hit the slopes at six European ski resorts across 20 days. He spent $3,800 in total, including $800 on a round-trip flight to Geneva, Switzerland, from Newark Liberty International Airport.
Weintraub paid about $670 out of pocket for eight days of lift tickets. As for the other 12 days, he flashed his Ikon and Epic ski passes, which are season passes to select ski resorts worldwide. (Those pass prices weren’t included in the $3,800 total price estimate since he had already been using them in the U.S. earlier this ski season).
But he said even travelers who pay for lift tickets individually could see significant savings. The average daily U.S. ski lift ticket costs $198 this ski season, according to vacation rental booking site HomeToGo, which analyzed 48 major U.S. ski areas. Meanwhile, Weintraub paid on average just $83.75 per day for lift access at resorts not covered by his passes.
With a combination of getting a good deal on flights and lift tickets, a European ski trip could be less expensive than you think. Here’s how:
Deals abound on European lift tickets
The lower cost of skiing in Europe is largely due to cheaper lift tickets. A single lift ticket in the U.S. can sometimes cost more than $300 per day. At Deer Valley, which is one of Utah’s priciest resorts, you’ll owe $315 for a one-day adult lift ticket on most weekends after taxes and fees. Tickets for children can cost more than $195.
Contrast that with deals found in Europe, such as Switzerland’s Jungfrau region. Located at the foot of the Alps, it’s traditionally thought of as an expensive bucket list destination. A one-day ski pass costs 75 Swiss francs (about $85 at the time of writing).
But the deal gets even sweeter for families. On Saturdays, each adult who buys a one-day ticket can bring up to three children for free. That’s just over $20 per lift ticket for an adult with three kids who takes full advantage of the deal.
Some people chalk up the lower cost of European lift tickets to increased competition. In the U.S., there are more than 500 ski resorts. In Europe, which is similar in land area, there are almost 4,000 ski resorts, according to ski data provider Skiresort Service International.
Ski passes for international ski resorts
Weintraub’s Ikon and Epic Passes accounted for a big chunk of his low trip costs. These season passes grant access to various resorts worldwide, including three of the six resorts visited on his trip. Depending on how much you ski in the U.S. and abroad, such passes might help you save as well.
If you’re skiing for about a week or more in Europe specifically, multi-resort passes might also be cheaper than one-day lift tickets. For example, Italy’s Dolomiti Superski offers a 500 euro pass (about $540) that lets adults ski eight days across any of its 12 interconnected resorts. That’s less than $70 per day.
Flights to Europe can be affordable
Airfare may be a huge chunk of the budget of skiing in Europe, but it’s getting cheaper. According to the American Express Global Business Travel (AmEx GBT) Air Monitor 2024 report, average economy airfares from North America to Europe are expected to drop by 3.5% this year.
Falling airfares correlate with an increase in routes. For example, Air France’s North America capacity increased by 20% in winter 2023 versus 2019, and includes a new seasonal route to Innsbruck, Austria. The city is famous for snow sports and has played host to two Winter Olympics.
Book flights early
Weintraub booked his flight less than a month before departure. That’s outside the two-to-eight-month window that travel experts recommend for booking international flights. According to Google Flights, flights between Newark and Geneva usually cost between $485 and $770 — lower than the $800 Weintraub paid.
“I would have saved hundreds more if I had been more proactive,” he said in an email.
Other ways to save on European ski trips
Just like the U.S., Europe has ultra-expensive mountain regions. To save money, skip iconic resorts like France’s Courchevel in favor of lesser-known gems like La Clusaz.
Eastern Europe can be especially affordable. At Bulgaria’s Bansko Ski Resort, one-day adult tickets cost about $53. Not only will you typically find lower prices, but also perhaps shorter lift lines.
No matter where you choose to ski across the pond, take into account the costs of lift tickets and airfare, but also other transportation, food, lodging, lessons and rentals to see if a European ski trip might help you save on the slopes.
Looking for the best business ideas for kids? Finding business ideas for kids is a great way for them to learn about starting their own business, being responsible, and understanding money from a young age. They get to understand how to set goals, handle money, and feel the joy of earning their own extra income….
Looking for the best business ideas for kids?
Finding business ideas for kids is a great way for them to learn about starting their own business, being responsible, and understanding money from a young age. They get to understand how to set goals, handle money, and feel the joy of earning their own extra income.
Whether it’s in the summer, after school, or on weekends, having a small business can be a fun and educational thing to start.
I did many different things as a kid to make extra money, and they all taught me so much. There are many different ways for kids to make money, as you will learn below.
Best Small Business Ideas for Kids
Here are the best business ideas for kids to start.
1. Sell arts and crafts
If your kid enjoys being creative and making things with their hands, selling arts and crafts can be a great business idea for them. It’s not only fun but can also help them earn some money.
Here are some crafts kids can make and sell:
Bead jewelry – They can make necklaces and bracelets with colorful beads.
Homemade candles – Candles are simple to make and can be sold to people who like to add a cozy feel to their homes.
Paintings – If they like to paint or draw, they can create artwork to sell.
Slime – Slime is really popular and fun to play with. Kids can make and sell their own slime in different colors and maybe even add things like glitter to make it unique.
Pet toys – If they love animals, they could make toys for pets. Choose materials that are safe for animals and design toys that pets would enjoy.
Soap – Homemade soap is always nice to have, and people love to buy it. This can be a fun item to make on their own.
Stickers – Everyone loves stickers and this can be a fun way to make extra money on Etsy or in person.
Recommended reading: 16 Best Things To Sell On Etsy To Make Money
2. Tutoring
If your child is really good at a subject like math or science, they can start a tutoring business. They can help other kids who might find those subjects tough.
Tutoring is something they can do after school when they’re finished with their own homework. It’s a great way to use what they know to help others and even make some money.
Learn more at The Best Online Tutoring Jobs.
3. Babysitter
If your child loves being around kids, babysitting can be a great way to start their journey into the world of small businesses for kids. It’s not just about watching kids; it’s about creating a fun and safe environment while parents are away.
Your child’s reputation is important, and they can start with their neighbors or family friends who already know and trust them.
To decide what they should charge, you can look at what other babysitters charge in your area, but consider how much experience your kid has.
I recommend having your child learn about basic first aid and child care, and you can find classes through community centers or the Red Cross.
Babysitting is what I did the most of as a kid. It was my first full-time job, actually. Starting at the age of 14, I was working around 40 hours per week in the summer taking care of a baby in my neighborhood (I found the babysitting ad on a local bulletin board!). I earned $10 per hour. The mother was a nurse, so I was working about 13 hours per day for a few days each week.
4. Pet sitting and dog walking
If your kid loves animals, starting a pet care service or dog walking business could be perfect for them. It’s more than just a job; it’s a way to care for pets when their owners can’t.
In this job, you might look after pets either at your own home (called pet boarding) or take care of them at their home.
Depending on their age, your child may walk the dog for 15 to 30 minutes a day, or more.
I was recently looking at a local bulletin board, and a parent put up an ad for their 10-year-old to walk dogs. The parent would be there as well (to ensure the safety of both the child and pet, of course), but it was a small business idea that the kid wanted to start. If your child is a little older, they may be able to do this on their own as well.
5. Lemonade stand
Starting a lemonade stand is more than just a fun activity; it can be their first step for starting a business as a kid!
Your child will probably want to start with a simple recipe, as lemonade does not have to be hard. They can try different flavors, like strawberry, to make your stand unique.
They will need pitchers, cups, ice, and a table.
Work out how much each glass of lemonade costs to make, and then decide on a price that makes a little profit but is still affordable for customers.
6. Mow lawns
Mowing lawns is a great way to start a small business as a kid. It’s simple to get going, and kids can make money during spring and summer.
They’ll need a lawn mower, fuel, and basic gardening tools.
Next, it’s time to set rates. Figure out how much to charge for each yard. A good plan is to look at what others charge and then set a competitive price.
Your kid can talk to neighbors, family, and friends to find new lawn mowing jobs.
I know many, many families who have kids who mow lawns to make money. I also know several people who have older kids who have turned this into a full-time business that has grown with them as an adult.
7. Rake leaves
Raking leaves is a great business idea, especially during the fall. Trees drop their leaves and many homeowners need help gathering and disposing of them.
To get started, your kid will need to have a sturdy rake, bags for leaf collection, and a pair of gloves to keep their hands clean and protect them from blisters.
8. Shovel snow
If you live in a place where snow falls, a kid can make money by shoveling snow. This job is great if they enjoy being outdoors and don’t mind the cold. Start by asking family and neighbors if they need help clearing their driveways and walkways.
They will need a few things to start:
A shovel: This is the main tool, of course!
Warm clothes and gloves: Stay warm while they work.
Your kid can hand out flyers or tell friends to spread the word. Social media can be a big help too. A simple post can let everyone in your neighborhood know that your kid is ready to help clear the snow.
9. Birthday party assistant
If your kid likes being around kids and celebrations, becoming a birthday party assistant could be a fun way for them to earn money.
They will help set up decorations (balloons, banners, and table settings), organize games (such as being ready to lead a game of musical chairs or a treasure hunt), and make sure the party runs smoothly (they might help serve cake and snacks to the little guests.).
10. Start a YouTube channel
Starting a YouTube channel can be exciting. If your child is under 13, remember, they can’t have their own account. But with a parent’s help, they can still share videos.
Your child can pick something they love, whether it’s science experiments, video game walkthroughs, or crafting tutorials.
They will want to post videos regularly – maybe post once a week to start.
Remember, it’s all about doing something fun and sharing what they love. Starting a YouTube channel takes work, but if they stick with it, they could make something really cool.
11. Lifeguard
If your child is looking for a responsible way to earn some extra cash, becoming a lifeguard could be a way to make money.
Not only does this gig teach important life-saving skills but it also teaches them responsibility and discipline. Many local pools or community centers offer lifeguard certification courses, giving them an excellent opportunity for young entrepreneurs to get valuable training.
Running a small lifeguard business can be a win-win situation for kids and the community. They can sell their services to local events, pool parties, or even provide private swimming lessons.
Note: In most states, you need to be at least 15-years-old to become a lifeguard.
12. Start a greeting cards business
Starting a greeting card business is something your kid can have fun with and get their creative juices flowing! They can make cards for birthdays, holidays, thank you, congratulations, or just to say hello.
They will need:
Art supplies, like colored pencils and markers
Cardstock or heavy paper
A printer (if they’re printing designs)
Digital design software like Canva (this is optional)
They could start by selling to family and friends or at school events. As they grow, they could try selling them at local markets or even online.
13. Neighborhood helper
As a neighborhood helper, they can sell their services to people around your community. This is a great way to help others and earn some money.
Your child can sell services such as:
Car washing: Wash cars for people in the neighborhood for a shiny finish.
Grocery running: Offer to pick up groceries for those who can’t go themselves.
Gardening: Help maintain gardens by planting flowers or weeding.
Lawn care: Keep neighbors’ lawns neat by mowing them regularly.
Pet walking: Walk neighbors’ dogs when they’re busy or away.
To get started, your kid should make a list of what they’re good at and what they might enjoy doing. Then, let neighbors know about their services with flyers or tell them directly.
If you have many kids, they could even involve multiple family members so that each kid has their own specialty or niche as a neighborhood helper.
14. Reseller
Starting a small business as a reseller means buying products at a lower price and selling them for a profit. They don’t need to make their own things; instead, they can find good deals on items, then sell them to others for more than they paid.
They can get items from yard sales, thrift stores, or their own home.
They can sell online on places like Etsy or eBay, or at school events and local fairs.
Recommended reading: 16 Best Selling Apps For Selling Stuff Online And Locally
15. Voice artist
Becoming a voice artist can be an exciting way for kids to explore and share their talent. If they enjoy speaking and have a unique voice, this could be a fun business idea for them.
They can sell services for character voices for cartoons and animations, narration for audiobooks or educational videos, commercial voice-overs for ads and marketing materials, and more.
They will need to start with a good microphone and recording software on a computer. They can practice by reading out loud and recording their voice.
To find work, they can join online platforms like Fiverr, where people look for young voice talent.
Recommended reading: How To Become A Voice Over Actor
16. Actor
If your child is interested in acting, the first step is to take acting classes, which can help them learn the skills they need to act in plays, movies, or TV. These can be found online or at a business near you.
Once they have some skills, they can try out for local theater productions and school plays, and join their school’s drama club. Being part of a production gives them practical experience and shows them what it’s like to work with a director and other actors.
17. Sell candy
Starting a candy business can be both fun and rewarding. With a love for sweets and a little creativity, your child can turn their passion into profit.
Candy is something that I see children selling all the time, and it completely makes sense – everyone loves candy! So, it is an easy item to sell.
They can sell homemade treats like chocolate-covered pretzels or gummy bears. Or, if you prefer, you can buy popular brands in bulk and sell them individually.
Next, consider where they will sell the candy. They may be able to sell at school, neighborhood, or local community events, and you should always ask for permission when selling in public areas or on someone else’s property.
Pricing the candy is important. You’ll want to make sure your kid covers the cost of what was spent and adds a little extra for their profit. Selling candy for $2 or $3 can make it easy for customers to buy without thinking twice.
18. Start a blog
If your kid is interested in working online, then they may want to try starting a blog. It doesn’t take a lot of money to get started, and it can teach a kid a lot about how to run a website.
I have met many teens over the years who have started a blog, and I think it’s a great small business idea!
Whether they want to share their hobbies, interests, or personal experiences, a blog gives them a platform to be creative and communicate.
Other business ideas for kids related to this include starting accounts on social media platforms like Instagram and Twitter, and starting a podcast.
Recommended reading: How To Start A Blog Free Course
19. Deliver newspapers
Newspaper delivery is a classic way for children to earn some money. It’s a job that can fit well into their schedule before or after school. Plus, they can get good exercise at the same time!
It’s usually pretty simple: they take newspapers and deliver them to people’s homes.
When I was younger, I had a friend who had a delivery route. Once, I went along with her and helped her deliver some newspapers. It was hard work but she ran it smoothly!
If your kid is interested in this job, start by checking with local newspapers. Call them and ask if they’re looking for delivery helpers. Some things they might need:
A bicycle or a reliable way to get around the delivery area quickly
A bag or basket to hold the newspapers as they deliver them
An early morning start if the paper is a morning edition
To dress for the weather, since they will be outside
They will learn responsibility by making sure the newspapers are delivered on time.
Sometimes there may be age limits, so if your child is younger, they might need to get a work permit. But often, kids as young as 11 or 12 can start with a bit of paperwork.
20. Sell used toys
Recently, I was on Facebook, and a parent was helping their child host a garage sale. They were letting their child take control of most of the sale, but the parent was posting about it in the group to get more traffic to their yard sale.
They were selling the kid’s used toys to help them declutter and make some extra money. I thought this was a great idea!
Kids can learn the basics of entrepreneurship by organizing and pricing their toys for sale. This activity not only teaches them about value assessment but also introduces the concept of supply and demand as they observe which toys are more popular among buyers.
People pay good money for used toys all the time, so this can be a great side hustle to get into.
21. Face painting
Face painting can be a fun and profitable small business venture for kids who love art and painting. They can start by setting up a face painting booth at local events or birthday parties.
Running a face painting business encourages kids to develop their entrepreneurial skills, from marketing their services to managing customer interactions.
22. Recycling collector
Kids who care about the environment can turn it into a business by collecting recyclables. With a passion for keeping things green, they can offer to gather recyclables from neighbors, schools, or local businesses.
This not only helps the environment but also teaches kids about reducing waste and recycling.
23. Vending machines
I have been seeing more and more parents starting vending machine businesses for their children.
Getting kids into the entrepreneurial world by running vending machines can be an interesting and educational small business idea. Whether they decide to place machines in school common areas or local community spaces, managing a vending business can help teach children valuable lessons in supply and demand, handling inventory, and understanding customer preferences.
Running vending machines also gives kids a chance to learn about financial responsibility as they handle income, expenses, and profit calculations.
Recommended reading: How To Start A Vending Machine Business
Frequently Asked Questions
In this section, you’ll find answers to common questions about starting a business as a kid.
What is a good business to start as a kid?
Starting a business that fits into their hobbies and interests makes a good choice. For instance, if they like technology, they might try starting a blog or YouTube channel. If they love the outdoors, then a lawn mowing or gardening business might be a better fit.
How can a kid make $100 dollars fast?
A kid can make $100 fast by selling their old toys or clothing items that they already have. You, the parent, can help them organize a yard sale or gather their items to sell in a Facebook buy/sell group.
What can kids sell to make money?
Kids can sell a lot of different things to make money, such as jewelry, paintings, greeting cards, homemade cookies, lemonade, used toys, and more.
What kind of businesses can young students start at school?
They can start businesses at school like a pencil and eraser store, a book swap service, or a snack bar (if the school allows it). Just remember to check in with the school’s rules to make sure their business idea is allowed on the school campus.
What steps can a child take to start their own business?
Here are steps a child can take to start their own small business:
Identify interests and skills – This will help them find a business idea that they actually like.
Research business ideas – Research different small business ideas suitable for kids and think about factors like their age, skills, and the resources available.
Create a business plan – Develop a simple business plan outlining the business idea, target audience, products or services offered, and basic strategies for marketing and sales.
Learn basic business – Introduce the child to basic business concepts such as budgeting, pricing, and customer service, and this can be done through discussions, educational resources, and more.
Decide on pricing – Teach your child about pricing by thinking about the cost of materials, time, and possibly profit. This helps them understand the value of their products or services.
Market the business – Your child could create posters, use social media with parental supervision, or spread the word within the local community such as by placing an ad on a local bulletin board.
Provide good customer service – I highly recommend making sure that you teach your child the importance of treating customers with respect and giving great service as this can lead to repeat business and word-of-mouth referrals.
Track finances – Teach the child basic financial management, including tracking income and expenses.
Celebrate achievements – Celebrate small victories and milestones to keep the child motivated and proud of their entrepreneurial journey.
Throughout this process, parental involvement is so important. Parents can guide, supervise, and provide a supportive environment for the child’s business, making sure it is a positive and educational experience (and safe!).
Can a 9 year old make a small business?
At around 9 years old, they can start businesses that use creativity and simple skills. For example, making greeting cards or friendship bracelets.
What business can a 10 year old make?
There are many things that a 10-year-old can do to make extra money. A 10-year-old can start a lemonade stand, sell crafts, do yard work, and more.
How can an 11 year old make cash?
There are many things that an 11-year-old can do to make extra money. An 11-year-old can rake leaves, walk dogs, sell baked goods like cupcakes, and more.
What are some simple business ideas for children under 12?
Younger kids can think about businesses like lemonade stands, which are simple to set up and manage. They also might create and sell craft items or start a pet sitting service for neighbors if they enjoy spending time with animals.
How can a teenager make money online?
A teen can make money online by blogging, offering online tutoring services, selling printables on Etsy, reselling items online, and more. I recommend reading 17 Online Jobs For Teens To Make Money to learn more.
How can children stay safe when starting a business?
When starting a small business as a kid, it’s important to think about safety and the rules they need to follow. For safety, always make sure they have an adult they trust to help watch over their business. If they’re selling something like food or crafts, make sure everything they use is safe and won’t hurt anyone.
For legal aspects, different places have different rules for businesses. They might need to ask for permission from someone (like you, the parent) or maybe need a permit.
They also need to make sure they have supervision, which means having an adult around to help them out and make sure everything’s going right. Monitoring what they are doing online, if they are dealing with customers, can be very smart because you never know who they are selling to or talking with.
Small Business Ideas for Kids – Summary
I hope you enjoyed this blog post about small business ideas for kids.
From traditional ways to make extra money like running a lemonade stand or mowing lawns to more modern business ideas like making and selling crafts or starting a YouTube channel, the possibilities for kid-run businesses are plentiful.
Starting a business as a kid can teach children valuable problem-solving and life skills. With the proper guidance and help, there are many different good business ideas that a kid can start.
I have been earning my own money from a young age, and it has taught me so much. I highly recommend helping your kids do the same!
Looking for the best summer jobs for teachers? Teachers, just like students, really enjoy the summer break. It’s a great time for them to relax and feel refreshed. But, this break can also be a chance for teachers to make extra money and even start a new business. I know many, many teachers who have…
Looking for the best summer jobs for teachers?
Teachers, just like students, really enjoy the summer break. It’s a great time for them to relax and feel refreshed. But, this break can also be a chance for teachers to make extra money and even start a new business.
I know many, many teachers who have side hustles in the summer. From part-time gigs to full-time summer businesses, there are many side jobs for teachers that you may want to try out.
Best Summer Jobs for Teachers
There are many summer jobs for teachers listed below. If you want to skip the list, here are some jobs that you may want to start learning more about first:
Flexible way to freelance – Proofreading
Side job for teachers from home – Blogging
How to make passive income as a teacher – Sell printables
Work as much or as little as you want – Flea market flipping
Creative job idea – Dog treat baker
Side job for teachers in summer – Grocery shopper
Camp counselor – If you love the outdoors, being a camp educator can be both rewarding and enjoyable, combining teaching with adventure activities.
Summer school teacher – Many schools have summer classes where you can continue teaching.
1. Teach summer school
One clear way for teachers to earn extra money in the summer is by teaching summer school.
It’s a good way to use your teaching abilities and make some additional income. The best part is that summer school happens during your summer break (big surprise, right?!), so it fits well with your schedule when you’re already off from regular school.
To start, check with your local school districts. A lot of them have summer school programs, and they usually share job opportunities on their websites or local education job boards.
2. Sell educational printables
Selling educational printables is a way for teachers to earn extra money. It’s especially good for those who want to make passive income as a teacher.
Your materials, like worksheets, lesson plans, and activities, are helpful to other teachers and parents looking for high-quality educational content.
Some places to sell your educational printables include:
Teachers Pay Teachers(TPT) – This is a popular site where millions of teachers buy and sell original educational resources.
Etsy – This site is known for handmade items, but also is a great place for selling educational materials and printables.
Educational printables include things like math problems, vocabulary cards, and science experiments. They’re useful for different grades, age groups, and learning goals, making it simple to improve regular teaching or homeschooling. You can share these resources online or print them for in-person classes too.
Recommended reading: How I Make $400,000 Per Year Selling Educational Printables.
Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
3. Flip used items for resale
Trying your hand at flipping items from flea markets and thrift shops can be a fun and money-making summer job for you as a teacher.
Flippers are people who find items at flea markets, yard sales, and thrift stores that are priced lower than their actual value. They then sell these items for a profit.
The summer is a great time to do this because there are typically a lot of yard sales, flea markets, and people just in general decluttering more (so you may find more things that people are giving away), where you can find items to resell.
Some items that you can buy and resell include clothing, antique furniture, collectible toys, sports equipment, electronics, rare books, jewelry, and more.
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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.
4. Tutor
During the summer, your teaching skills are still needed. Tutoring can be a flexible and fulfilling summer job that lets you work with students one-on-one either online or in person.
You may be able to tutor on subjects like math, foreign language, science, and more. You also may be tutoring kids, teenagers, or even adults.
To begin, you can look for tutoring jobs on online tutoring sites like Tutor.com. You can also sell in-person local tutoring sessions by reaching out to tutoring companies nearby or advertising your services on social media or in local Facebook parent groups for your area.
5. Camp counselor
Becoming a camp counselor could be a rewarding experience for you in the summer. In this job, you’d guide groups of children through indoor and outdoor activities, as well as educational programs at summer camps.
Your daily tasks would include keeping campers safe, organizing games, and giving both educational and emotional support.
Summer camps come in different types, ranging from general adventure camps to specialized ones focusing on sports, arts, or science.
6. Freelance bookkeeping gigs
If you like numbers and you’re a teacher, online bookkeeping can be a way to spend your summer.
A bookkeeper is someone who assists in managing and tracking the financial aspects of a business. They usually keep records of sales, track expenses, and generate financial reports.
People with virtual bookkeeping jobs work from home, handling their responsibilities remotely. Virtual bookkeeping is a great choice for remote work as all tasks can be completed online or with computer software, eliminating the need to go into an office physically.
Recommended reading: How To Find Online Bookkeeping Jobs
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This free training will teach you what you need to know to become a virtual bookkeeper and make money from home.
7. Swim instructor
If you’re a teacher who loves the water, becoming a swim instructor for the summer could be the perfect seasonal job for you. Your educational background gives you the ability to communicate and manage classes, which are important skills for teaching swimming.
To find swim instructor jobs:
Look on websites like Craigslist or Facebook for listings, including summer-specific roles.
Check out local community centers, pools, and summer camps.
Networking can help, so let friends and professional contacts know you’re looking.
Another job similar to this would be to become a lifeguard at a local pool.
8. Tour guide for local attractions
As a teacher, your ability to tell stories and lead can be very useful for a summer job as a tour guide. Your skill in explaining things well makes you a great choice to share history and local stories with visitors.
Check out jobs at museums, historical places, or become an ambassador for your city by guiding people to discover hidden treasures.
9. Pet care jobs
If you’re a teacher who loves animals, you may want to look into summer jobs in pet care, like being a dog walker or pet sitter. Your caring skills can easily transition to taking good care of furry friends while students are on break.
Rover is a website that connects pet owners with pet sitters and dog walkers. You can choose to do this job on weekends throughout the year or only open your schedule during the summer months – it’s your choice.
Starting on Rover is simple – you create a profile sharing your experience with pets and the services you can offer, such as dog walking, pet sitting, and house sitting.
After that, customers will send you requests, and you can discuss pricing. Rover handles the payment process, and you’ll get paid directly into your account.
Recommended reading: 7 Best Dog Walking Apps To Make Extra Money
10. Test prep instructor
As a teacher, your knowledge of academic subjects is very helpful, especially in the summer. Becoming a test prep instructor can be a great chance to help students in getting ready for their exams and earn extra money.
Test prep instructor jobs include subjects like math and English, and they cater to different education levels, from elementary school to college.
11. Sell your lesson plans
Teachers Pay Teachers (TPT) is a website made just for educators to buy and sell educational items, and it’s a well-liked side hustle for teachers. If you’ve created lesson plans, worksheets, or other teaching tools for your class, you can share them on TPT and make some extra income.
The school year may be over for you, but that doesn’t mean that you can’t create and sell lesson plans – these are bought year-round!
You can sell:
Lesson plans and unit studies
Worksheets and printable activities
PowerPoint presentations and interactive notebooks
Posters, charts, and visual aids
On Teachers Pay Teachers, the typical teacher can earn around an extra $300 to $500. However, some teachers make hundreds of thousands of dollars extra each year.
12. Coach a school sport
If you love sports and you’re a teacher, coaching a school sport during the summer might be a great match for your skills and interests.
Coaching a school sport is a great option within your own school district, as many schools need help with their sports teams. You can try coaching sports like soccer, basketball, volleyball, and track and field. Additionally, there are opportunities with after-school clubs such as yearbook, chess, choir, and more that can be a teacher’s side hustle.
13. Run a dog bakery
Beginning a dog bakery can be an enjoyable side job for teachers who adore both dogs and baking. By creating treats for dogs such as cupcakes, cookies, cakes, and more, you can earn an additional $500 to $1,000, or even more, each month.
Recommended reading: How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).
14. Sell handmade goods on Etsy
Etsy is a popular online marketplace that connects makers and shoppers looking for unique handmade goods. If you’re a teacher with a creative side, this could be a great site for you to showcase and sell your crafts during the summer months.
Some examples of what you can sell on Etsy that are related to school include:
Educational games and activities
Educational materials like lesson planners and printable worksheets
Handcrafted classroom decorations or educational games
Personalized items such as bookmarks, nameplates, or tote bags
But, you don’t have to only sell teaching-related items. You can sell many other things such as furniture, clothing, jewelry, soap, home decor, and more.
15. Work at a restaurant
Many teachers work part-time or full-time at a restaurant during the summer as servers, hosts, bartenders, and kitchen staff.
Working in restaurants can fit teachers well since they have flexible hours that can match your open summer schedule, and you can leave the job easily once school resumes in the fall.
I know many, many people who have done this, and I would say this is one of the top summer jobs for teachers.
16. Proofread
As a teacher, you likely excel at proofreading and can easily catch mistakes. Using these skills, proofreading can be a fantastic side job. By proofreading, you can help authors, website owners, students, and others in their writing while earning extra income.
Even the best writers can overlook errors in grammar, punctuation, and spelling. That’s why having a proofreader can be helpful for nearly everyone.
You can usually set your own hours, which is perfect for the irregular schedules you might have.
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This free 76-minute workshop answers all of the most common questions about how to become a proofreader, and even talks about the 5 signs that proofreading could be a perfect fit for you.
17. House sit
House sitting is a good option for teachers looking to make extra income during the summer months because a lot of people take vacations in the summer. As a house sitter, you are typically responsible for maintaining someone’s home while they are away. This can include watering plants, collecting mail, and making sure the house remains secure.
People hire house sitters to make sure their homes aren’t left empty, as a visible presence can discourage potential thefts.
To begin house sitting, you can join house-sitting websites to find gigs in your area or ask for referrals from friends and family. Starting with people you know for house-sitting and then using their references can expand your job search.
18. Blog
Blogging can be an enjoyable way for you, as a teacher, to earn extra money from home. Many teachers run blogs, and it makes sense – you can blog when you have free time, without sticking to a strict schedule.
To start your blog, first, pick a topic you’re passionate about, maybe something related to your teaching field or a hobby you enjoy. There are plenty of different niche ideas such as personal finance, travel, food, home, pets, and so much more.
You can earn money as a blogger through ways like:
Affiliate marketing – Share links to products or services related to your blog topic and earn a commission for sales made through your referral links.
Advertising – Add display ads or sponsored posts on your blog.
Courses and ebooks – Create courses or ebooks in your expertise area and sell them through your blog.
Learn more at How To Start A Blog FREE Course.
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Want to see how I built a $5,000,000 blog?
In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
19. Freelance writing
If you’re looking for remote summer jobs for teachers, then becoming a freelance writer can be a great option.
Freelance writers create content for blogs, websites, magazines, newspapers, advertising companies, and more. You can find writing jobs on platforms like Upwork and Fiverr. Also, you can find clients independently by reaching out to websites you are interested in writing for.
I have been a freelance writer for years, and it all started as a side hustle. This is a great side hustle because you can choose to work as much or as little as you want, such as if you are only looking to do freelance writing in the summer months when you are not teaching at a school.
Recommended reading: 14 Places To Find Beginner Freelance Writing Jobs
20. Transcribe
An online transcriptionist’s role involves listening to video or audio files and typing out the content they hear. Various types of transcriptionists exist, including legal, general, and medical transcriptionists.
This job demands solid typing and listening skills, and the flexibility to work from home on your schedule. Transcriptionists typically earn an average of $15 to $30 per hour.
This is another great side hustle because you can choose to work as much or as little as you want, such as if you are only looking to make extra money during the summer months.
I recommend signing up for FREE Workshop: Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.
Recommended reading: 18 Best Beginner Online Transcription Jobs To Make $2,000 Monthly
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
21. Rent out an unused room in your home
If you have a spare room in your house, you might want to try renting it out over the summer. Platforms such as Airbnb or Vrbo make it easy for you.
I have rented out rooms to others in the past, and it has been a great way to make extra money. If you live in a touristy area, this could even be a gig that you only do in the summers and earn enough to cover your bills or at least pay for some of them.
22. Rent your garage space
If you have available storage space like a garage, driveway, closet, basement, or attic, you might consider renting it out to make extra money. This can be a profitable side hustle without requiring much of your spare time.
Neighbor is a platform where you can list your extra space for rent and potentially earn up to $15,000 per year.
This is a gig that may take up more than just your summer because typically people may store their stuff more long-term. But, you may find some people who only need to store things a few months at a time or perhaps you can also try to turn this into a year-round side hustle.
Recommended reading: Neighbor Review: Make Money Renting Your Storage Space
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You can use this website to list your unused space for rent and make up to $15,000 per year by doing so. With Neighbor, you can rent out your garage, driveway, basement, parking lot, shed, warehouse, carport, attic, street parking, or even a closet.
23. Teach English as a second language
If you’re a teacher looking for a seasonal opportunity, teaching English as a second language (ESL) during the summer can be a rewarding experience.
Many institutions are looking to hire for ESL teaching jobs, ranging from local schools to international language camps and online platforms. Here’s how you can get started and what you might expect:
Typically, ESL teachers need a bachelor’s degree and a teaching credential like TEFL (teaching English as a foreign language) certification. Some positions abroad might have additional requirements.
24. Answer online surveys
If you’re looking for a flexible way to earn extra cash during the summer, answering online surveys could be a great fit. Companies are always in search of genuine feedback to improve their products or services, and your opinions are valuable.
Now, this won’t be a full-time job, but you share your thoughts and can make extra money or free gift cards on your own schedule.
The survey companies I recommend are:
Swagbucks
User Interviews – These are the highest paying surveys with the average being around $60 for an hour of your time.
Branded Surveys
American Consumer Opinion
Pinecone Research
PrizeRebel
InboxDollars
Recommended reading: 18 Best Paid Survey Sites To Make $100+ Per Month
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User Interviews pays very well for market research studies and these are some of the highest paying online surveys, with each paying $50 to $100 or more. The average pays over $60.
25. Mystery shop
Companies hire mystery shoppers to gain insights into their customers’ experiences. They seek genuine opinions on products, feedback on customer treatment, evaluations of phone call interactions, and more. Mystery shoppers play a key role in providing valuable feedback to companies.
This is a great summer side hustle for teachers because you can simply pick up mystery shopping jobs when you need them. So, it’s completely okay and normal to only accept jobs during the summer.
Here’s what mystery shoppers do:
Visit businesses anonymously.
Complete specific tasks, such as purchasing a product or asking questions.
Record your observations.
Provide a detailed report on your experience.
I have done many secret shopping jobs over the years, and I often got mystery shops that provided me with $100 to cover a free dinner.
Recommended reading: How To Become A Mystery Shopper
26. Find gigs on Craigslist
Craigslist can be a goldmine for finding great summer jobs for teachers. It’s a site where individuals and businesses post quick jobs to make extra money.
You can find these gigs by going to the Craigslist website for your city or area. Right on the home page, you’ll spot a section labeled “Gigs.” This is where short-term job offers are posted, ranging from labor-intensive tasks to more skill-specific roles.
Here are some jobs I have found in the past on Craigslist:
Moving boxes to a new house
Deep cleaning a home
Putting together new furniture out of a box
Taking down a shed in a backyard
Handyman
Movie extra
Event parking help
27. Deliver groceries with Instacart
If you’re a teacher looking for flexible summer jobs for teachers, try delivering groceries with Instacart.
Grocery delivery services, like Instacart, are in demand as more people prefer having someone else do their grocery shopping.
Becoming a personal grocery shopper with services like Instacart can earn you an average of $15 to $20 per hour for delivering groceries. You’re paid per order, and you get to keep 100% of your tips. The flexibility allows teachers to choose their schedules, working in the evenings, on weekends, or even exclusively during the summer.
Recommended reading: Instacart Shopper Review: How much do Instacart Shoppers earn?
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Instacart is a popular website for people looking to earn extra money shopping for and delivering groceries. Instacart gives you the option to turn your free time into a chance to make some extra money.
28. Real estate agent
If you’re a teacher looking for a productive way to spend your summer months, you may consider becoming a real estate agent.
Some teachers work as real estate agents alongside their full-time teaching jobs. This is possible because you can list and sell homes during weekends, breaks, evenings, and over the summer.
However, selling homes may have some challenges, as clients may occasionally require your full attention during the day, and you might be occupied with teaching. This is something to consider before getting into real estate as a side job.
29. Virtual assistant
If you’re a teacher looking for a flexible summer job that pays well, becoming a virtual assistant (VA) could be a perfect fit. As a VA, you can use your organizational skills and attention to detail to help businesses and entrepreneurs from the comfort of your home.
Some examples of what a VA does include:
Email management – Keep inboxes organized and respond to emails on behalf of your clients.
Scheduling – Manage calendars, arrange meetings, and send reminders.
File organization – Keep digital files in order using online tools like Google Drive or Dropbox.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
30. Drive for Uber or Lyft
Driving for Uber or Lyft can give you a flexible way to earn money during your summer break.
You get to set your own hours and work as much or as little as you desire, meaning you can align this job with your summer plans.
31. Library assistant
As a teacher, your skills are a natural fit for a summer position as a library assistant. Libraries often seek additional staff during the summer months, providing a great opportunity for you to engage in a role that supports literacy and learning in a calm environment.
Your job may include doing things such as:
Organizing books – Keeping the library orderly and materials easy to access
Circulation desk duties – Checking books in and out for people
Helping library users – Helping visitors find books and resources, and answering inquiries
You can simply contact libraries near you to see if they are hiring.
32. Driver’s ed teacher
Teaching driving lessons to teenagers and adults is a popular side hustle for teachers. If you’re interested, you can check if the high school near you needs a teacher for this subject. Alternatively, reach out to a local driving school to inquire about potential teaching opportunities.
Driving instructors make around $20 an hour more or less, depending on where you live.
Back when I was in high school, I actually took my driver’s ed course at my high school in the summer. It was an easy summer credit, and I also got a discount on my car insurance. One of the teachers taught this course and it seemed fairly easy (other than having to deal with a bunch of us high school students over the summer who were wanting to learn how to drive, ha!).
33. Babysitting
Babysitting can be a side job for teachers, and depending on your location, you might earn around $15 to $25 per hour. Parents tend to prefer hiring teachers as babysitters due to their extensive experience with children.
Becoming a babysitter can be a great way to make extra money in the summer as well, as you can choose to sign up for babysitting jobs that are only during this time.
Plus, many families need extra help during the summer because school is not in session, but the parents still have to work. That is where you come in!
Another job similar to this would be elderly companion care.
Frequently Asked Questions
Below are answers to common questions about finding summer jobs for teachers.
Do teachers still make money during the summer?
Yes, many teachers do receive income during the summer, especially if their annual salary is distributed over 12 months. However, if you’re paid only for the months you work, looking for summer employment can supplement your income during this period. Not all teachers have summer gigs, but those who want to make income in addition to their teacher salaries may try to find something in the summer.
What is the best summer job for a teacher?
The best summer job for a teacher often capitalizes on their skill set. Positions like tutoring, educational program coordination, or teaching summer school are highly relevant options. Teachers might also consider roles in curriculum development or educational content creation.
What jobs exist for substitute teachers looking for summer employment?
Substitute teachers can find summer jobs in other educational roles, such as tutoring, mentoring, or working in summer camps. Many community centers and educational institutions also look for qualified professionals to lead summer workshops or help with childcare programs.
What are some summer jobs for teachers from home?
Teachers looking for summer jobs from home can find opportunities such as online tutoring or virtual summer school teaching. Other side gig ideas include writing content for websites, blogging, transcribing, and more.
Best Summer Jobs for Teachers – Summary
I hope you enjoyed this article on the best summer jobs for teachers.
As you can see, there are many ways to make extra money over your summer vacation.
Teachers have lots of options during the summer. They can stick with education by teaching summer school or tutoring. Or, they can try something new like being a camp counselor or giving local tours.
Teachers who like trying out new things might sell educational printables, sell things for profit, or sell services like pet care or freelance writing.
What do you think are the best jobs for teachers in the summer?
Why should lenders and vendors care about servicing? (STRATMOR’s current blog is titled, “It’s 2024: Do You Know Where Your Servicing Is?”) Not only do servicing values fluctuate, which impacts the prices that borrowers see, but servicing is a huge touchpoint with consumers and therefore garners the attention of regulators like the CFPB, headlines, and the courts. The latest example is a California couple suing Specialized Loan Servicing, LLC for negligence that led to a “lost home and destroyed life.” Of course, anyone can sue anyone at any time, but the multi-count lawsuit against Specialized Loan Servicing, LLC alleges breach of contract, theft, and several other counts, accusing SLS of negligence as the mortgage servicer added a quarter of a million dollars to the couple’s mortgage, leading to their “financial and personal ruin.” (Today’s Commentary podcast can be found here and this week’s is sponsored by Lender Toolkit and its AI-powered AI Underwriter and Prism borrower income automation tools. By providing lightning-fast underwriting decisions, your market reputation with borrowers and Realtors will soar, which means more repeat and referral business. Hear an interview with Jeremy Potter and Marvin Chang on broader and more flexible tools for homeowners to navigate our fast-paced and modern economy.)
Lender and Broker Software, Products, and Services
What’s better than a free consultation from a mortgage tech expert? Getting the advice of six. That’s what’s in store if you join “Strategies to Master the Market Now with the Right Mortgage Technology,” next Wednesday, Feb. 21 at 2 pm ET. This free webinar, co-sponsored by Floify and Truv, Christy Soukhamneut, chief lending officer at UFCU; Raven Johnson, VP business systems at Legacy Mutual Mortgage; Craig Ungaro, COO AnnieMac Home Mortgage; features Jodi Hall, founder & CEO of DandaRoad, LLC; Richard Grieser, vice president of marketing at Truv; and Sofia Rossato, president & GM of Floify. Click here to register.
Shake it up + flashback to the 80s with Sagent at MBA Servicing! Be part of the most EPIC MBA Servicing party and shake it up with Sagent on Wed. 2/21 at 7PM ET at Jo Jo’s Shake Bar. Join the team and top industry players for some boozy milkshakes + throwback jams, where you’ll be dancing ‘All Night Long’… Don’t forget to pack your best 80s attire (think Member’s Only jackets, parachute pants) because this party is one you don’t want to miss. Click the link here reserve your spot and we’ll see you there!
“Tired of messy or late closings? LOs know that even if they provide the most amazing customer service, it won’t mean anything if there are delays in getting their borrower’s mortgage approved and closed. The biggest lenders are offering same-day approvals, and so can you. Lender Toolkit’s AI-powered AI Underwriter™ and Prism™ income automation help streamline underwriting so that you can get loans approved faster than ever. By providing almost-instantaneous underwriting decisions, your market reputation with borrowers and Realtors will soar, which means more repeat and referral business. Notes Mark Workens, CEO Mortgage 1: “My company’s ability to be profitable in any market condition is largely due to Lender Toolkit’s Maas™ Platform, including AI Underwriter and Prism.” So why get left behind? Schedule a demo here, or meet us in person for a live demo at EXP24 next month by booking here. We can’t wait to show you what’s possible with our high-tech solutions.”
New: Maxwell’s Q4 2023 Mortgage Lending Report Shows Signs of Market Recovery. Wondering what to expect from 2024’s market? Maxwell’s brand new Q4 2023 Lending Report shows powerful signs of market recovery. In a major reversal, loan volume in Q4 grew year-over-year for the first time since 2021. Plus, the report reveals areas where lenders are finding opportunity, such as through outside-the-box offerings like HELOCs. To gain exclusive data, charts, and advice on how to get ahead of the market reset, click here to download Maxwell’s Q4 2023 Mortgage Lending Report.
Get a Sweetheart Deal with Loan Stream’s February Specials on FHA/VA and Non-QM Price Improvements! Get 37.5 BPS Price Improvement on all FHA and VA, Low Balance, and High Balance >=680 FICO, excludes DPA and 25 BPS Price Improvement on FHA Streamlines/IRRRLS. Plus, a Non-QM Price improvement of 50 BPS on all Non-QM, not including Closed End Seconds and Select Programs. Valid for loans locked 2/1/2024 through 2/29/2024. Terms/Conditions apply see our site and talk with your Account Executive. Don’t miss this month’s webinar on Closed End Seconds and how to Prepare for the CalHFA Dream for All. Register now!
Lenders and borrowers deserve technology that improves the mortgage process, saves time and money, and is intuitive. As both a startup and a company with decades of technology experience, Dark Matter Technologies (DMT) has a unique vantage point for identifying how to improve value for customers, and how to work with an ecosystem of like-minded partners to bring many of those ideas to fruition. In its latest podcast episode, The Spotlight, we meet Chief Product Officer Stephanie Durflinger, the 15-year industry veteran now guiding DMT’s product development team. Stephanie formerly held key positions at both ICE Mortgage Technology and Ellie Mae and brings her unique perspective and discerning eye to guiding the future of Empower and other DMT products. The podcast is hosted by DMT Vice President of Marketing Wes Horbatuck. Listen to the interview now.
Picture this… it’s Saturday afternoon and your borrower finds out they were out-bid and have a small window to decide if they want to offer more on their dream home. You’re at your kid’s soccer game and they’re in panic mode… how much does the payment increase? How much more cash will I need? When can I get an updated pre-approval letter? Fortunately, it’s 2024 and lenders using QuickQual never have to worry about this. Borrowers AND Realtors AND Loan Officers can run accurate payment and closing cost scenarios from their phones and they can generate updated pre-approval letters within guardrails set by the loan officer. Crisis averted with QuickQual.
Technology and operations leaders who care about making sure their technology and operations are competitive for today’s market, as well as learning what’s possible when you push the limits, you don’t want to miss this live event! On February 15, at 1PM CT come join Jonathan Spinetto, COO and Co-Founder of NFTYDoor, Janelle Lindseth, Senior Product Manager of Docutech, and Richard Grieser, Vice President of Marketing of TRUV, as they unpack how Jonathan and his team launched the business with zero loan volume, and in just 2 years, NFTYDoor debuted its digital home equity loan platform, was acquired by Homebridge, and is now on track to reach 3,000 loans per month in 2024, making them a major player in the market. Their technology is built from the ground up and processes everything from credit, KYC, valuations, disclosures, closing (RON), and payments, and all in full regulatory compliance. This is a success story as Jonathan and his team pushed the limits and accepted the risk, but those lessons learned can be immediately applied by you. Come and see the future of lending technology.
Capital Markets
The link between interest rates, mortgage rates, and borrower behavior is always changing. Although the Federal Reserve is apparently “on hold” until its May meeting, it is still important to see and understand what will cause interest rates to move higher and lower over time. Mortgage rates have stayed close to where they started the year, despite swings in Treasury yields because of slowing inflation offset by stronger than expected readings on the job and the housing markets.
The U.S. Federal Reserve is keenly aware of inflation. No news was good news when it came to inflation revision data to close last week, with the Consumer Price Index revised downward slightly in December and the fourth quarter left unchanged at 3.3 percent. A year ago, revisions to the November and December 2022 reports showed higher core inflation than what was initially reported, sending bond yields higher as investors prepared for a “higher for longer” interest rate environment. Dallas Fed President Logan said that disinflation progress has been “tremendous,” but the central bank is in no rush to start lowering interest rates.
The CPI revisions likely give the Federal Reserve further breathing room while allaying any concerns traders might have had about progress on inflation. The revisions were also in sharp contrast to last year’s, in which CPI was revised significantly higher. It’s not at the “magic” 2 percent level, but there is progress. Easing inflation data, a resilient economy and a solid earnings season so far have sparked this year’s stock market rally, which has seen the three major averages tallying their fifth straight weekly gains, and this adds to consumer confidence.
The narrative of late has been a resilient U.S. economy, with low unemployment, inflation largely under control, and the Fed’s fabled soft landing very much in sight. Focus now shifts to January’s CPI tomorrow and if price pressures continue to recede, it may pave the way for the Fed to begin cutting interest rates sooner rather than later.
We also learned last week that January’s ISM Services Index rose to 53.4 from 50.5 in December. The expansion in the services sector of the economy exceeded economists’ expectations as consumers return to pre-pandemic spending behaviors. The prices paid subindex jumped from 56.7 to 64.0, a sign that inflationary pressures remain. This was the largest monthly percentage gain since August 2012.
Consumer spending remains strong and despite higher interest rates, expanded to a record $5.1 trillion in December, although the pace of consumer credit expansion declined from 7.6 percent in 2022 to 2.4 percent in 2023. Rising incomes due to a strong labor market are expected to support the pace of consumer spending as a meaningful slowdown in the job market has yet to materialize. Jobless claims fell to 218,000 during the week ending February 3 and continuing claims declined to 1.87 million, suggesting that those who do find themselves in the job market do not remain there for long.
This week sees the return of “first tier” data including updates on CPI, retail sales, industrial production / capacity utilization, PPI, and Michigan sentiment. Other data includes regional Fed surveys, import prices, factory orders, NAHB HMI, and housing starts. Fed speakers are currently limited to a few Fed presidents, while Treasury supply will consist of just bills. Regarding MBS, Class B and C 48-hours are tomorrow and Thursday, respectively.
Today’s lone data point is the January budget statement, due out this afternoon, with the CBO forecasting a deficit of $21 billion, compared with $38.8 billion in the prior fiscal year. Markets will also receive remarks from Minneapolis Fed President Kashkari. We begin Monday with Agency MBS prices a few 32nds (ticks) better than Friday afternoon, the 10-year yielding 4.16 after closing last week at 4.19 percent, and the 2-year is at 4.46.
Jobs
“Hey, mortgage sales professionals DO NOT join radius financial group for our amazing culture, president club trips, best workplace accolades, 100 percent 401K match or because of our shared success program which grants phantom stock to ALL employees. Join radius to grow your business, mortgage team and wealth. Over the past 23 years, radius has become the best at what we do by caring intensely about the career growth of our team members and investing in technology that simplifies and automates our process. We are a world-class customer obsessed team focused on our loan officers’ growth and success. So, if you want real opportunities to grow, the ability to make a positive impact starting on day one and the freedom to chart the career you’ve always wanted, at radius, you can! For confidential inquires please contact Carla Herrera and visit us at radius financial group inc., Mortgage Lending Careers.
The Money Store has announced that Coleen Bogle has joined the mortgage lender as its Chief Marketing Officer. Bogle has more than 15 years of experience leading marketing departments in the home financing industry, and in her new role, she will focus on enhancing the brand, expanding marketing services, and attracting top-tier mortgage origination talent to the organization.
Private mortgage insurance companies are hiring: MGIC, National MI, Arch MI, Radian, Essent, and Enact (in no particular order). And while’s we’re at it, Fannie Mae and Freddie Mac. And my cat Myrtle’s friend the CFPB has career opportunities.
Don’t forget that anyone can post a resume, for free, at www.lendernews.com for potential employers to view for a nominal charge of $75 for several months.
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Do you want to learn how to get paid to work out? If you have a passion for working out and want to turn fitness into a way to get paid, then you are in luck. There are many ways to get paid to work out, and today we will be talking about 19 ways…
Do you want to learn how to get paid to work out?
If you have a passion for working out and want to turn fitness into a way to get paid, then you are in luck. There are many ways to get paid to work out, and today we will be talking about 19 ways to make extra money while exercising.
In today’s post, you’ll learn:
Ways to turn exercise into cash
How to make money running
Apps that pay you to walk
How you can get paid to lift weights
19 Ways To Get Paid To Workout
Below are the best ways to get paid to work out. From popular money-making apps to full-time jobs, there are many people and companies that pay you to work out.
1. Sweatcoin
Sweatcoin is a free app that pays people to walk.
The app rewards daily steps with Sweatcoin currency (coins) that lets you spend the credits on gift cards (such as to Amazon or Starbucks), iPhones, Apple Watches, donate it to charity, and more. Other rewards include a free subscription to meditation apps, a free Scribd trial, wireless headphones, massage memberships, discounts on Barkbox, coffee subscriptions, gym memberships, and more.
This is one of the most popular apps in the world ever, with over 120,000,000 registered members.
2. Stepbet
Stepbet is another popular fitness app that pays you for walking. You can connect your fitness tracker (such as your Apple Watch, Fitbit, Samsung Health, or Google Fit) to the app and even set weekly step goals to keep you motivated.
The app works like this: You select a game to get your step goals, then bet into the pot to join. If you meet your weekly step goal, you can split the pot and get your bet back plus make a profit.
This app makes it easy to stay motivated to walk because you have a financial stake in it as well. This is a great way to get paid to work out from home.
3. Healthywage
Healthywage is one of the most popular fitness apps that pays you to lose weight. Once you’re on the site, you enter how much weight you want to lose. You also enter how long you’ll have to complete the weight loss goal and how much money you want to bet per month.
For example, if I wanted to lose 30 pounds in under 9 months and bet $60 of my own money, my prize range is between $588-$1,116.
There are weekly weigh-ins and support from other contestants to help you get closer to your weight loss goal. If you complete the weight loss goal, you win the prize.
The purpose of HealthyWage is to motivate you to lose weight and make it more motivating and engaging by using a financial incentive.
4. DietBet
DietBet is a platform with the concept of social networking with weight loss goals. DietBet functions essentially as a dieting game where contestants can bet money on the ability to meet their weight loss goals within a certain time frame. Winners get to keep the cash reward.
To get started with DietBet, you join a game that is basically a body weight loss challenge. You place a monetary bet into a communal pot. Whoever wins the pot (and achieves their weight loss goal) gets the divided winnings at the end of the challenge.
To make sure that everyone is playing fairly, you have to submit verifiable weigh-ins at the beginning and end of each challenge via photos or videos.
5. Fit For Bucks
Fit For Bucks is a workout app that pays people to walk, dance, run, and stay active. To get started, download the Fit For Bucks app and connect your activity tracker or Apple Watch. Then you can get moving and start earning rewards for your daily movement.
Rewards include things like free coffee, money towards fitness studios, free haircuts, and more. The goal of this app is to get people active and motivated to move more.
6. Waybetter
Waybetter makes losing weight fun by challenging you with fitness-related games. This app turns what could be described as boring into something that makes healthy habits sustainable and fun to help you on your weight loss journey.
The app works by making games that create micro goals and gives you accountability and support from other like-minded people. Games on Waybetter include things like walking at least 8,000 steps a day, drinking a certain amount of water, decluttering your home, reading books, flexibility challenges, increasing your plank time, and many more.
7. Charity Miles
Charity Miles is a little different than the other apps mentioned in that it doesn’t reward you personally. Instead, your rewards go to the charity of your choice.
To get started, download the Charity Miles app. The app connects with your phone’s Apple Health app and automatically pulls the steps from there. Any fitness devices linked to your Health app will sync to the app. The app turns all of your miles you walk, run, and bike into money for charity.
You can track all kinds of activities for Charity Miles including walks, runs, bike rides, shopping, golfing, dancing, and anything step-related.
8. Rover
One of my favorite ways to make extra money is walking dogs on Rover. Rover is an app that connects dog walkers with dog owners. I have been a Rover dog walker and absolutely loved it. I have been paid for walking dogs (which gave me exercise for the day) and spending time with really cute pets.
To get started on Rover, make a profile and list what services you offer. If you have previous experience dog walking, this is a major plus and will make you stand out from other dog walkers.
If you don’t have previous experience walking dogs, set your rates lower than other people on the app. This will make your rates competitive and you’ll get chosen quicker. These people will leave you reviews (and hopefully good ones, granted your services are great). The more 5-star reviews you have, the more you’ll stand out.
Recommended reading: 7 Best Dog Walking Apps To Make Extra Money
9. Evidation
Evidation is an app that rewards people for doing things like walking, sleeping, biking, and more. To get started, download the app and connect your Apple Health, Fitbit, Garmin, or Oura app. This will sync your daily steps, which will give you points you can redeem in the app.
You can also earn points in the app by participating in surveys that ask questions about your health. For every 10,000 points you earn, Evidation will pay you $10 which you can redeem via PayPal cash and other cash prizes.
10. MapMyFitness
MapMyFitness is an app that tracks workouts including running, cycling, and other physical activities. While you won’t get paid with MapMyFitness, you can enter challenges and win monthly prizes.
Some employers or organizations will use MapMyFitness to stay active by participating in fitness challenges. These challenges backed by employers may even have rewards.
11. Walgreens Balance Rewards
Walgreens Balance Rewards is a program that gives you redemption dollars at Walgreens for doing things like walking and other fitness activities. With the Rewards program, you can link your fitness trackers which will sync your steps in the app.
You can also earn points for doing things like tracking your blood pressure, sleep, and weight.
12. Guided walking tours
If you have a lot of knowledge of your local town or a historical place, you may want to sell guided walking tours.
To get started, find a historical or touristy spot that would work well with a guided walking tour. Create your walking itinerary and highlight key points of interest and historical facts.
Start small and gradually work your way up to offering larger walking tours. This is a great way to combine your love of fitness with your love of a local spot that tourists love to visit.
Recommended reading: How to Make Money as an Airbnb Experience Host
13. Ski instructor
If you love skiing and enjoy teaching others how to do this sport, you may want to try becoming a ski instructor. This way you can combine your love for the sport and teach others how to ski as well.
To become a ski instructor, you likely need to obtain a recognized ski instructor certification. This will make you more marketable and even allow you to teach more advanced lessons.
Ski resorts are pretty much always hiring ski instructors, and you don’t need to be an expert or an Olympic skier to become a ski instructor either. This is something that you can learn to do.
14. Rock climbing guide
If you like to rock climb, then you may be able to become a rock climbing guide. Earning money doing this requires a combination of skills, certifications, marketing, and networking with other people who also work as guides.
To get started, it’s important to obtain certifications offered by the American Mountain Guides Association. This will increase your credibility and give you more job opportunities.
You may even want to connect with local and online climbing groups to market your business and get the word out that you’re a rock climbing guide. Put up flyers in your local rock climbing gym and make it easy to get in touch with you about your services.
15. Fishing guide
Making money as a fishing guide requires a certain set of skills, certifications, and licenses. It’s also important you have extensive knowledge of the best local fishing spots, seasons, and regulations.
Working as a fishing guide takes a lot of physical activity since you’re doing a lot of walking, wading in water, and (obviously) fishing.
Many places are in constant need of fishing guides, such as lodges and guide companies in Florida and Alaska.
So, you can easily network with local businesses such as bait shops, fishing gear retailers, and local hotels. The more people that know about your services as a fishing guide, the better.
16. Fitness trainer
One obvious way to get paid to workout is to work as a fitness trainer. Working as a fitness trainer involves a combination of skills, marketing yourself effectively, and providing top-notch service to your clients.
To get started as a fitness trainer, it’s important to obtain a reputable certification from organizations like NASM, ACE, or ACSM. Once certified, you can teach others how to workout in person at local gyms or offer virtual training.
You could even sell workout plans as a personal trainer, such as on a social media platform. I have seen many fitness influencers do this over the years.
17. Landscaper
Landscaping is a physically demanding job, but if you love it, you can turn it into a way to make extra money. As a landscaper, you can offer all kinds of services such as lawn maintenance, garden design, and tree and shrub care.
You’ll want to make sure that you take photos of your work and gather a portfolio so future clients can see the incredible work you can do. Word of mouth plays a big role in the landscaping business, so it’s important to give the best service to your clients.
18. Yoga instructor
If you love yoga and want to make money teaching others how to practice, then become a yoga instructor. To get started, you need to obtain a teacher certification from a reputable organization. Reach out to local yoga studios and figure out where people are getting certified in town.
Once you get certified, you can even specialize in a certain niche such as prenatal yoga, therapeutic yoga, power yoga, Bikram yoga, and more. You can teach group classes, private classes, workshops, and even online classes.
You may even want to try developing an online presence which will attract new people to your yoga classes.
19. Share workouts on Instagram
You can make money as a fitness Instagrammer once you have a strong following. It’s important to share high-quality and visually appealing photos and helpful captions. Share workout routines, fitness tips, and inspirational content to keep your audience engaged.
Once you have a good number of followers, you can make money with sponsored content, affiliate marketing, and even selling your own workout training programs and guides. You can even promote your online coaching services and work with people 1-1.
Another way similar to this is to do something similar on a YouTube channel that you create!
Frequently Asked Questions
Below are answers to common questions about getting paid to work out.
How can I make money if I like working out? How can I make money being physically fit?
There are so many ways to turn your love of working out into money. This can be done using apps like Sweatcoin or running a business such as personal training or dog walking.
Can you get paid to run? What app pays you to run?
If you enjoy running, make some extra money or get free stuff by using apps that pay you to walk or run. If you want to make a part-time income, then become a dog walker on Rover and take dogs on walks or runs.
What app pays to walk?
Apps like Sweatcoin, Fit For Bucks, and Rover pay people to walk. Sweatcoin and Fit For Bucks pay in rewards within the app, and Rover pays actual money for walking dogs. Some of these apps are available on iOS or Android devices, as well as on your laptop or computer as well.
Other fitness apps that you may have heard of include FitPotato, Runtopia, Step Younger, and Gym-Pact. I have not researched these, though.
Are there gig economy jobs that I can do while working out?
Yes, some gig economy jobs (such as DoorDash) can be done from a bike, which could be a great workout.
Can you get paid to lift weights?
While you’re lifting weights, apps like SweatCoin will count how many steps you’re walking during your workout. Besides that, you can make even more money by lifting weights by:
Competitive weightlifting and get paid via prizes, sponsorships, and endorsement
Fitness modeling
Social media and content creation (sharing your fitness tips with followers)
Offering fitness workshops
Sell weightlifting programs or training guides
Best Ways To Get Paid To Workout – Summary
I hope you enjoyed today’s article on how to get paid to work out.
If you enjoy exercising and fitness, turn that passion into extra cash by getting paid to workout. This list of ways to make extra money pays you to walk, lift weights, run, and do other physical activities that also benefit your well-being.
As you read above, there are many great apps and jobs that will pay you to work out.
What’s your favorite way to get paid for a workout?
Small Luxury Hotels of the World (SLH) is a collective of high-end properties that meet high standards for service and style. There are more than 500 boutique hotels in 90 countries that make the grade.
SLH will not become one of the many Hilton Honors brands, but the strategic partnership between the two unlocks the door to significantly more luxury properties than are currently in the Hilton portfolio.
For now, the details of using Hilton elite status benefits and credit card perks at SLH properties are still being ironed out, but Hilton members will soon be able to earn and redeem points at the participating luxury hotels.
What happens to the World of Hyatt partnership?
As Hilton Honors ramps up its partnership, World of Hyatt will end its connection with SLH. This comes on the heels of Hyatt’s new acquisition of travel club platform Mr. & Mrs. Smith, which gives World of Hyatt members plenty of opportunity to earn and redeem points at more than 1,500 luxury properties. Hilton will have an exclusive partnership with SLH.
9 Small Luxury Hotels of the World properties to look forward to booking with Hilton points
To book these new hotel options, Hilton Honors members can use any of Hilton’s traditional reservations channels to book a stay at participating SLH hotels. This includes earning and redeeming points, which multiply when you use a Hilton Honors co-branded credit card.
Hilton Honors is also a transfer partner of AmEx Membership Rewards. No matter which credit card you use, these are some of the exciting SLH options that may participate in the Hilton Honors partnership.
1. The Principal Hotel, Madrid
Along the famous Gran Via, this hotel is close to popular shopping, theaters, nightlife, dining and tourist attractions like the Prado and Retiro Park.
Be sure to visit the one of the rooftop restaurants and bar for cocktails and tapas before heading out to a night on the town.
2. Inverlochy Castle, Scotland
Want to sleep in a castle? Hilton Honors points could be your chance. The 19th century Inverlochy Castle is in the Scottish Highlands where guests can slumber like royalty.
Other activities include fishing, hiking, mountain biking, golf and even a ride on the Hogwarts Express train of Harry Potter fame.
3. Hotel Excelsior, Dubrovnik, Croatia
Hugging the Adriatic Sea, this year-round hotel provides excellent views of the city’s famous Old Town (which was used for filming King’s Landing in “Game of Thrones”) and the popular island of Lokrum across the bay.
Instead of a traditional sandy beach, guests have a stone-lined deck from which they can take a dip in the water or lay back in the sun. There is a heated indoor pool and spa when the weather is not ideal for sitting by the sea.
4. Nimb Hotel, Copenhagen
Facing Tivoli Gardens, one of the oldest amusement parks in the world, this hotel looks like part of a fairytale. Not only is there a convenient rooftop pool and sun deck available for guests, but anyone that stays here enjoys free access to Tivoli Gardens when it is open.
5. Hemingways Nairobi
Hemingways Nairobi is a solid option for visitors either before or after a safari trip because of its location near Nairobi National Park. It has its own gardens offering tranquility from the city of Nairobi, one of East Africa’s bustling downtowns.
An outdoor swimming pool, massive guest rooms and plenty of green space are all less than 30 minutes from the city-center Wilson Airport, where many safari flights depart.
6. The Anam Mui Ne, Vietnam
Along the East Sea, this resort is similar to a Hawaiian getaway with beautiful sea views and two sparkling swimming pools.
The Vietnamese restaurant serves traditional regional recipes from around the country, and don’t miss the evening sundowner music and dance performances.
7. Viceroy Bali
This small, family-owned resort five minutes from Ubud is surrounded by rice fields and lush foliage ideal for guests looking for a wellness vacation, especially one focused on meditation and self-improvement.
Its 40 private villas offer oversized infinity pools, and local experiences include everything from a walk through the rice paddies to Balinese dance lessons and temple offerings.
8. Keswick Hall, Charlottesville, Virginia
This luxury resort overlooking the Blue Ridge Mountains in the Virginia countryside boasts renovated interiors, a new spa and a Jean-Georges’ restaurant.
History buffs will appreciate its proximity to Thomas Jefferson’s Monticello.
9. The Roundtree, Amagansett
In the Hamptons on Long Island, this boutique hotel provides respite from the bustle of New York City and puts visitors within reach of the Atlantic Ocean.
A beach buggy takes guests to the shore during the summer, but back at the property, there is a lot to do, too. This includes popcorn and s’mores by the fire pit, afternoon tea and cookies, biking around the area, golf, baking classes and wine tastings.
The accommodations are made up of rooms, suites and private cottages.
The Hilton Honors and SLH exclusive partnership recapped
Hilton Honors members have another option for earning and redeeming points now that there is an exclusive partnership between Hilton and Small Luxury Hotels of the World. As long as you make a reservation through a Hilton channel, SLH hotels now offer Hilton Honors members access to more than 500 boutique hotels around the world.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
The Administration for Community Living (ACL), a division of the U.S. Department of Health and Human Services (HHS), announced this week the publication of a final rule that will update regulations for implementing programs under the Older Americans Act (OAA). One of the intentions of the rule is to better support the desires of older Americans to age in place in their own homes, ACL said.
Passed by Congress in 1965, OAA established comprehensive services for older Americans by creating a national aging network at the state and federal levels. First signed into law by President Lyndon Johnson, OAA was reauthorized by Congress in 2016 and 2020, and it is currently in effect through the end of 2024.
“The first substantial update to most OAA program regulations since 1988, the rule aligns regulations to the current statute, addresses issues that have emerged since the last update and clarifies a number of requirements,” ACL said in an announcement of the rule.
ACL oversees a national aging network designed to deliver OAA services, and this new rule is aimed at better supporting the network by improving program implementation.
“[ACL has] the ultimate goal of ensuring that the nation’s growing population of older adults can continue to receive the services and supports they need to live – and thrive – in their own homes and communities,” the announcement stated.
The announcement outlined 11 key provisions in the update, including clarification of requirements for state and area plans on aging, as well as details about requirements for coordination among state, local and tribal programs. Consistency of definitions between these programs has been improved, HHS said, and “provisions for meeting OAA requirements for prioritizing people with the greatest social and economic needs” have also been “strengthened.”
The new final rule also specifies “the broad range of people who can receive services, how funds can be used, fiscal requirements, and other requirements that apply across programs.” It also “clarifies required state and local agency policies and procedures” including the establishment of “expectations regarding conflicts of interest.”
The final rule added guidance for state-based agencies, as well as the National Family Caregiver Support Program and the Native American Caregiver Support Program, both of which were established since the last update.
ACL updated provisions for emergency preparedness and response, taking lessons from issues discovered during the COVID-19 pandemic.
“Older Americans should be able to live independently and age with dignity,” HHS Secretary Xavier Becerra said in the announcement. “The Biden-Harris Administration is committed to expanding access to health care, nutrition services, caregiving, and opportunities to age in place for all older Americans. This update to the Older Americans Act regulations strengthens the system of supports that help older people live independently and age with dignity.”
Alison Barkoff, who leads ACL, said that the new rule stems from data that indicates an overwhelming desire among older Americans to age in place.
“For many, [aging in place] is possible because of the programs and services provided through the Older Americans Act – such as rides to medical appointments, nutritious meals, in-home services and support to family caregivers,” Barkoff said. “The updated regulations strengthen the stability and sustainability of these programs, and we are looking forward to working with our partners in the aging network to implement them.”
Late last year, the U.S. Department of Housing and Urban Development (HUD) announced its own $40 million investment to support aging-in-place services. The investment is designed to “expand the supply of service coordinators who support seniors and persons with disabilities” who live in affordable multifamily homes, HUD said.
The Adirondack Mountains are a gorgeous outdoor wonderland, attracting tourists from all over the world. The park covers 20% of New York state (3x larger than Yellowstone!). Perhaps the “ADK’s” most extraordinary natural resources are the 46 “High Peaks” in the park’s northeast corner.
Friend-of-the-blog/pod Tyler led me on one of my first High Peak adventures (hey Tyler, thanks for reading!). We conquered the Dix Range, summiting four peaks in one day, trudging ~15 miles through the mountainous woods over 11 hours
Hiking is Hard Work
It was a draining day. I drank more water than expected and chafed in…uncomfortable…ways. I ate dinner for two that night and slept like a baby and learned many applicable lessons for my next hike.
For example, during our rest breaks at the summits, I observed the other hikers around us. What were they doing that I wasn’t? Some were fit and lean, others a bit overweight. Some had expensive gear, others had gym shorts and sneakers. The pros drank from Nalgene bottles and ate rehydrated meals. The amateurs had Poland Spring bottles and Nutrigrain bars.
All shapes and sizes. There was a broad spectrum between the expertly prepared and the woefully inexperienced. Yet all of these hikers had reached the top. And hopefully they all got back to the bottom, too.
Are You Prepared?
More preparedness requires more research, more time, and more money. But it provides a higher probability of summiting the mountain(s), a more straightforward path, and the mental confidence of knowing you’re prepared.
Less preparedness is easier upfront. But is it easy in the long run? Likely not. “A stitch, in time, saves nine,” as Ben Franklin said. This idea rhymes with the concept of, “Hard choices, easy life. Easy choices, hard life.”
Where do you want to fall on the spectrum of preparedness? That’s totally your call. There is no correct answer in general, but only a correct answer for you.
You’ll hopefully reach “the summit” either way. But your preparedness provides flexibility in how easy or hard that journey will be.
Retirement Works the Same Way
In my experience running The Best Interest and working professionally in financial planning, retirement preparedness works the same way. I received a perfect example last week via email from a blog reader, Jon…
Hi Jesse, my wife and I are 56 and 58 years old, respectively, and on the verge of retirement, I hope. We have about $2M in Traditional accounts, $510K in Roth accounts, and $430K in taxable accounts. 95% of that money is invested in diversified stocks. We’ll both receive significant Social Security benefits (north of $3K/month each at age 67). We live within our means…last year our total outflow of money was just shy of $90,000. Do you think we’re ready to retire? Can we chat with you about retirement readiness?
Jon (and Eva)
Some quick math: Jon and Eva have $2.9M in assets to support an $90,000 annual lifestyle. They’re at less than a 3% annual withdrawal rate, and we haven’t even accounted for their Social Security income. They are more than set!
Do Jon and Eva need professional help? I don’t see how.
Could Jon and Eva benefitfrom professional help? I’m positive.
It’s like my adventure in the Dix Range. I conquered the mountains! I didn’t need to be more prepared. But I could have (and should have) done many things differently to make my day more manageable and eliminate the probability of failure.
Many of us don’t need intervention. But it would undoubtedly help.
Questions for Jon and Eva
I find it hard to imagine a scenario where Jon and Eva live a failed financial retirement, regardless of professional advice. They’re on course to “summit the mountain.” Still, many critical financial questions come to my mind:
They’re retiring before 59.5 (the age of normal IRA distributions). What’s their plan for funding those intervening years?
Fof 99%+ of people on the verge of retirement, a portfolio of 95% stocks is inappropriate. Red flag!
In general, how do they plan on balancing withdrawals from their Roth accounts (no tax), their Traditional accounts (fully taxable as Income), and the taxable accounts (with capital gains)? Done poorly, they’ll “leak” money to taxes.
Are they sure waiting until 67 is the optimal Social Security move for both of them? It usually isn’t.
What’s their healthcare plan before Medicare?
Do they have any significant financial goals beyond “live our normal lifestyle?” Are they prepared to fund those goals?
And many more.There are lots of puzzle pieces to retirement and many ways to arrange them.
I’m sure Jon and Eva have answers. However, my experience with similar families is that their answers are rarely optimized. While it’s terrific that they’re better off than most, there’s still room for optimization – and therefore, room for dollars saved and dollars earned.
If they were hikers, they’d be in peak physical shape (peak?!) with plenty of water. I can’t see them failing to get up the mountain. But did they bring a map and compass, just in case? Are they aware those cotton underpants are going to get very uncomfortable? Or that the trailhead parking lot is “by reservation only?”
They’ll reach the summit regardless. But their day will be more annoying than it needed to be. Who wants that?!
Is Preparedness Worth It?
Just as I wrote earlier, I’m asking Jon and Eva,
“Where do you want to fall on the spectrum of preparedness? That’s totally your call. There is no right answer in general, but only a right answer for you.”
Based only on Jon’s short email, I have plenty of questions for them. They could use a sanity check (or more) for retirement preparedness.
But preparedness costs money, time, energy, etc. Do they want to incur those costs to get more prepared? Will they see enough benefit from those costs, or are they beyond the point of diminishing returns?
Perhaps they’re ready to hit the trail as is. They’ll reach their retirement goals regardless. But they might have more annoying financial moments than needed. Who wants that?!
Thank you for reading! If you enjoyed this article, join 7500+ subscribers who read my 2-minute weekly email, where I send you links to the smartest financial content I find online every week.
-Jesse
Want to learn more about The Best Interest’s back story? Read here.
Looking for a great personal finance book, podcast, or other recommendation? Check out my favorites.
Was this post worth sharing? Click the buttons below to share!
The Adirondack Mountains are a gorgeous outdoor wonderland, attracting tourists from all over the world. The park covers 20% of New York state (3x larger than Yellowstone!). Perhaps the “ADK’s” most extraordinary natural resources are the 46 “High Peaks” in the park’s northeast corner.
Friend-of-the-blog/pod Tyler led me on one of my first High Peak adventures (hey Tyler, thanks for reading!). We conquered the Dix Range, summiting four peaks in one day, trudging ~15 miles through the mountainous woods over 11 hours
Hiking is Hard Work
It was a draining day. I drank more water than expected and chafed in…uncomfortable…ways. I ate dinner for two that night and slept like a baby and learned many applicable lessons for my next hike.
For example, during our rest breaks at the summits, I observed the other hikers around us. What were they doing that I wasn’t? Some were fit and lean, others a bit overweight. Some had expensive gear, others had gym shorts and sneakers. The pros drank from Nalgene bottles and ate rehydrated meals. The amateurs had Poland Spring bottles and Nutrigrain bars.
All shapes and sizes. There was a broad spectrum between the expertly prepared and the woefully inexperienced. Yet all of these hikers had reached the top. And hopefully they all got back to the bottom, too.
Are You Prepared?
More preparedness requires more research, more time, and more money. But it provides a higher probability of summiting the mountain(s), a more straightforward path, and the mental confidence of knowing you’re prepared.
Less preparedness is easier upfront. But is it easy in the long run? Likely not. “A stitch, in time, saves nine,” as Ben Franklin said. This idea rhymes with the concept of, “Hard choices, easy life. Easy choices, hard life.”
Where do you want to fall on the spectrum of preparedness? That’s totally your call. There is no correct answer in general, but only a correct answer for you.
You’ll hopefully reach “the summit” either way. But your preparedness provides flexibility in how easy or hard that journey will be.
Retirement Works the Same Way
In my experience running The Best Interest and working professionally in financial planning, retirement preparedness works the same way. I received a perfect example last week via email from a blog reader, Jon…
Hi Jesse, my wife and I are 56 and 58 years old, respectively, and on the verge of retirement, I hope. We have about $2M in Traditional accounts, $510K in Roth accounts, and $430K in taxable accounts. 95% of that money is invested in diversified stocks. We’ll both receive significant Social Security benefits (north of $3K/month each at age 67). We live within our means…last year our total outflow of money was just shy of $90,000. Do you think we’re ready to retire? Can we chat with you about retirement readiness?
Jon (and Eva)
Some quick math: Jon and Eva have $2.9M in assets to support an $90,000 annual lifestyle. They’re at less than a 3% annual withdrawal rate, and we haven’t even accounted for their Social Security income. They are more than set!
Do Jon and Eva need professional help? I don’t see how.
Could Jon and Eva benefitfrom professional help? I’m positive.
It’s like my adventure in the Dix Range. I conquered the mountains! I didn’t need to be more prepared. But I could have (and should have) done many things differently to make my day more manageable and eliminate the probability of failure.
Many of us don’t need intervention. But it would undoubtedly help.
Questions for Jon and Eva
I find it hard to imagine a scenario where Jon and Eva live a failed financial retirement, regardless of professional advice. They’re on course to “summit the mountain.” Still, many critical financial questions come to my mind:
They’re retiring before 59.5 (the age of normal IRA distributions). What’s their plan for funding those intervening years?
Fof 99%+ of people on the verge of retirement, a portfolio of 95% stocks is inappropriate. Red flag!
In general, how do they plan on balancing withdrawals from their Roth accounts (no tax), their Traditional accounts (fully taxable as Income), and the taxable accounts (with capital gains)? Done poorly, they’ll “leak” money to taxes.
Are they sure waiting until 67 is the optimal Social Security move for both of them? It usually isn’t.
What’s their healthcare plan before Medicare?
Do they have any significant financial goals beyond “live our normal lifestyle?” Are they prepared to fund those goals?
And many more.There are lots of puzzle pieces to retirement and many ways to arrange them.
I’m sure Jon and Eva have answers. However, my experience with similar families is that their answers are rarely optimized. While it’s terrific that they’re better off than most, there’s still room for optimization – and therefore, room for dollars saved and dollars earned.
If they were hikers, they’d be in peak physical shape (peak?!) with plenty of water. I can’t see them failing to get up the mountain. But did they bring a map and compass, just in case? Are they aware those cotton underpants are going to get very uncomfortable? Or that the trailhead parking lot is “by reservation only?”
They’ll reach the summit regardless. But their day will be more annoying than it needed to be. Who wants that?!
Is Preparedness Worth It?
Just as I wrote earlier, I’m asking Jon and Eva,
“Where do you want to fall on the spectrum of preparedness? That’s totally your call. There is no right answer in general, but only a right answer for you.”
Based only on Jon’s short email, I have plenty of questions for them. They could use a sanity check (or more) for retirement preparedness.
But preparedness costs money, time, energy, etc. Do they want to incur those costs to get more prepared? Will they see enough benefit from those costs, or are they beyond the point of diminishing returns?
Perhaps they’re ready to hit the trail as is. They’ll reach their retirement goals regardless. But they might have more annoying financial moments than needed. Who wants that?!
Thank you for reading! If you enjoyed this article, join 7500+ subscribers who read my 2-minute weekly email, where I send you links to the smartest financial content I find online every week.
-Jesse
Want to learn more about The Best Interest’s back story? Read here.
Looking for a great personal finance book, podcast, or other recommendation? Check out my favorites.
Was this post worth sharing? Click the buttons below to share!
One about Charlie Munger, one about Taylor Swift, and one about a NASA astronaut who also starred (no pun intended) on the Big Bang Theory.
Charlie Munger’s Deathbed Regret
A few weeks before he died, Charlie Munger was asked if he had any regrets in life.
Only one, he replied.
“I would have paid any amount to catch a 200 pound tuna when I was younger. I never caught one,” he said in an interview with CNBC’s Becky Quick.
But at age 99, he didn’t have the youthful strength and vitality of a 96-year-old, he said.
“I am so old and weak compared to when I was 96 that I no longer want to catch a 200 pound tuna. It’s just too goddamn much work to get it in. Takes too much physical strength … Now if you give me the opportunity, I would just decline going after [the fish]. There are things you give up with time.”
Lessons:
At the end of your life, you don’t think about your net worth. (Charlie’s is estimated at $2.6 billion.) You think about experiences. Don’t trade the opportunity to enjoy experiences for the sake of clutching onto your cash.
If you’re under 96, stop complaining that you’re too old. The future version of yourself will regard your current age as young.
There’s no alternative but to act now. Opportunities are fleeting.
Munger also described fishing as a metaphor for investing:
“I have a friend who says the first rule of fishing is to fish where the fish are,” Munger said when he was 93. “The second rule of fishing is to never forget the first rule. We’ve gotten good at fishing where the fish are.”
Taylor Swift’s Windfall at Age 18
From TIME’s Person of the Year profile on Taylor Swift:
But some months later, at Swift’s 18th birthday party, she saw [Kenny] Chesney’s promoter. He handed her a card from Chesney that read, as Swift recalls, “I’m sorry that you couldn’t come on the tour, so I wanted to make it up to you.”
With the note was a check. “It was for more money than I’d ever seen in my life,” Swift says. “I was able to pay my band bonuses. I was able to pay for my tour buses. I was able to fuel my dreams.”
Most people, at 18, would spend that cash on a more comfortable lifestyle, or pay for college, or make market investments (stocks, crypto).
Instead, she invested in her fledgling music career. Tour buses.
Lesson:
The best investment is the one that you make in yourself.
In expanding your business or side hustle. In building your skills and smarts. In honing your craft. In strengthening your relationships. And even — dare I say — in your appearance.
No, the ROI can’t always be measured. I doubt anyone has plugged the cost of those tour buses into a spreadsheet and amortized those across her 15-year career.
But *YOU* are the investment with the strongest upside potential.
The Astronaut Who Almost Didn’t Make It
In this special Afford Anything podcast episode, former NASA astronaut Mike Massimino explains how YOU can take your own moonshot.
We met at a video studio in Brooklyn and spoke for hours about tenacity, drive, determination — and about sending the first tweet from space.
He described getting mocked by Seth Meyers on Saturday Night Live, joining the cast of the Big Bang Theory 💥, and how astronauts fart in space.
And he shared lessons that anyone can apply to their own life, as they chase dreams that society says aren’t “realistic.”