Cheap labor. People who love you. Hiring family members for your business seems like a slam dunk. Unfortunately, it isn’t. It could go very, very wrong. Read More...

If you’ve ever started a company, you’ve probably at least considered hiring family. Just about everyone has a sibling, cousin, or nephew who needs a job – and may even have the skills to make it work.

In some cases when you hire family members, the arrangement can be fantastic. Not only are you working with someone you presumably have a deep personal connection with, but you’re helping a loved one and getting an opportunity to spend more time with them.

If it goes sour, all of a sudden you’re spending Thanksgiving with your spouse’s family and explaining to every nosy second cousin what went wrong.

This is so situational – and so controversial – it’s hard to say for sure what the best option is.

Before you make a decision about whether or not to hire family members, carefully think through the situation. Here’s a detailed analysis of the pros and cons to help you decide what’s best for your business.

The advantages when you hire family members.

A family member is always more invested in your success than a random stranger, no matter how carefully vetted they are. When you’re starting a small business from scratch, you want your employees to care as much about the idea as you do.

Someone who you’ve known for your entire life is also more willing to be honest with you.

It’s hard to give a new boss criticism, but a family member shouldn’t have a problem speaking up when they feel you’re leading the ship astray.

Anytime you’re growing a business, you need those working under you to give real feedback, not just what you want to hear. A strange face might be hesitant to share a conflicting opinion, but not your big sister who grew up giving you wedgies.

One huge benefit to hiring someone close to you is that they probably need less time to settle into the business. It often takes a few months for you to feel comfortable with a new coworker, but your family member should be able to dive into the culture a lot faster.

Author and speaker Kylie Travers has hired her sisters off and on since 2009 when she first started her business. She’s never had issues with working with them.

“My sisters and I think alike so it was easier having them work for me than trying to explain everything to others,” she said.

The disadvantages when you hire family members.

The biggest downside to hiring a loved one to help you with a business is the looming question of how it will affect your relationship.

It’s easy to imagine a scenario where you all end up millionaires sipping cocktails on a beach, but it’s just as likely you’ll end up bankrupt and out of business.

The fact is, most startups fail. If you’ve asked your cousin to quit his or her day job to help you with your dream, they might be resentful if it doesn’t work out.

This is even more concerning if they’ve invested their own money in the company. Do you want to be responsible for your loved one losing their house because they sunk their finances into your startup?

Doug Nordman, blogger at The Military Guide and angel investor said he doesn’t think it makes sense to hire family members. In general, he doesn’t believe they should work together.

“Spouses or siblings are not necessarily a deal-killer, but at best it’s neutral and it’s usually a negative,” he said.

Another issue is the possibility of having to reprimand or even fire your relative.

When you disagree with an employee, the incident stays at work. When you argue with a coworker who’s also your little brother, the quarrel can follow you to the family wedding the next day, or that holiday dinner six months from now.

How to make it work.

If you’re worried about potential problems but still want to hire family members to help with your startup business, it’s imperative to talk it through beforehand. Ask about their working style, any issues they’ve had in the past, and anything they’re worried about.

You can also establish some ground rules, such as no business talk during family events and no venting to outside family members about work conflicts. If the venture goes south, you don’t want to suddenly divide the family between the two of you.

Damien Peters has worked with his brother several times, but never for long durations. Though they’re close, Peters said they think too differently to work together on a permanent or full-time basis. While Peters said that plenty of family members have issues being colleagues, not every family needs to avoid doing so.

“If it makes sense for your skills and relationship, try it out temporarily and set boundaries upfront,” he said.

Before you hire your loved ones, consider working together on a temporary basis.

Agree that if either person wants to terminate the arrangement at the end of the trial period, they can do so without backlash. That way, you can experience what it’s like to work together but not be committed right off the bat.

In the end, you have to do what’s best for your business and your family relationships. You can’t get caught up in trying to force the situation if it’s just not working. With a little experimentation, you can figure out pretty quickly if it makes sense to hire family members for your business.

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Your next work event doesn’t have to be about being bored or getting drunk. Instead, make it a career opportunity by networking. Read More...

Attending a work event, whether it’s a team building exercise or the company picnic, can be brutal.

What do you say to everyone?

It can be boring and lame.

But what if you could use a work event to boost your own career prospects? At the very least, you can use this as a chance to get to know others at work and creating rewarding relationships.

Networking at a work event can be a good way to improve the situation in your company and boost your own opportunities.

Figure out what you want to accomplish.

The company picnic isn’t just a place to sit around and be bored. Your team building exercise shouldn’t be about gritting your teeth and getting through it. An office holiday party isn’t an excuse to get drunk.

All of these are events that allow you the chance to make a new connection or show yourself in a good light.

Figure out what you want to accomplish ahead of time. Do you want to spend a couple minutes speaking with the boss? Do you want to get to know someone in another business unit?

As you’re networking at a work event, concentrate on your objective and what you hope to gain from it. Getting to know someone in another area of the business might be useful if you want to make a lateral move. Face time with the boss is always a good thing.

Maybe you just want to show yourself a friendly and enthusiastic presence in the office — someone others speak well of.

Once you know what you hope to accomplish, you can create a game plan.

Work on rapport.

Networking at a work event is all about building relationships. You want to work on a rapport with others. You can’t just show up and then ask people for something.

Instead, take an opportunity to show interest in others and build a solid foundation.

In any networking situation, building rapport is important. However, it’s extra-important at a work event. You need to be able to call on your relationship with others later on.

Building these relationships can also help your career later. When you network, you get a chance to let others get to know you. If there is a promotion opportunity or some other chance to advance, you are more likely to come to mind if you have been building relationships.

Ask questions.

Ask good questions and glean insights. If you can get the other person talking, you can learn about them. And you also help them feel as though they have had a great conversation.

Think of some good, relevant questions to ask before the work event. Insightful questions go a long way toward impressing others. Show you are a good listener, willing to learn and ready to ask good questions, and you might be surprised at how much that can help you in the long run.

Don’t be too pushy, though.

One of the most difficult parts of networking at a work event is avoiding being too pushy. In some cases, your coworkers are just trying to relax.

So, even though you definitely want to do a bit of networking, don’t be too pushy about talking about work. No one wants to do a deep dive into next quarter’s projections at the summer picnic. Instead, keep your networking to somewhat light topics, or ask a more general question about where you think the company stands in relation to other firms in the industry.

Try to be engaging without being overbearing. The idea is to show yourself as open and insightful, but you also need to know when to have fun.

Offer help.

A key tenet of networking, no matter the situation, is offering help first. Rather than asking what others can do for you, try to figure out how you can help others.

Think about what you have to offer. How can you help someone else with a work project or assignment? Can you be an asset? Do you have a good idea that could provide special help to someone else?

Know what you have to offer, and then offer it. Take an interest in at-work struggles and then show how you can help solve the problem. It’s a way to be valuable, and show your interest in teamwork.

Later, others will want to help you and recommend you.

Be yourself.

Ah, the most cliché advice ever. But it’s true. It’s especially important to be yourself when networking at a work event. These are people who will find out pretty quickly if you’re faking something.

It’s always best to be yourself when you’re networking. You want to be the best version of yourself, of course, but you do still need to be yourself.

As you are genuine, you are more likely to make real connections that last your career — and can even enrich your life beyond work.

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Your resume probably needs a little help. Take it up a notch and make a resume that will get you hired. Read More...

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Looking for a new job? You need a resume. You need a great resume. Your resume needs to showcase your skill and present the case that you are perfect for the for the job.

So how do you create a resume that gets the job done? You have to be aware of the latest trends in resumes, as well as understand the importance of having your resume available in different formats.

Concepts

  • How resumes have evolved over time.
  • Using LinkedIn for your resume.
  • Should you create a multimedia resume?
  • Tips to create a resume that works well as a digital or hard copy.
  • Items that should included on your resume.
  • Tips to create a resume with a clean, readable design.
  • How to use keywords in your resume.
  • Ideas for tailoring your resume for the job.
  • Things you shouldn’t do on your resume.

If you are ready to create a resume, this week’s “do nows” will get you on the right track. Start by scrapping your current resume and starting from scratch. Google yourself to get an idea of what others see when they search you. And, while you’re at it, complete your LinkedIn profile.

Our listener question this week focuses on using career sites to find jobs. What should you do with the resume you build through the career site?

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Resources

Things to stop putting on your resume
Employers using social media to screen applicants
Tools that can help you create a multimedia resume

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You might be a superhero and not even know it. Change the world one person at a time with the right career. Read More...

Simultaneous trends of millennials and GenXers are searching for more altruistic careers.

For millennials, they watched their parents suffer through the 2008 housing crisis, subsequent Great Recession, stagnant wages, high unemployment, and low national gross domestic product (GDP). Now many are saying, “If I’m going to struggle, I may as well struggle to do something good in the world.”

Millennials want to change the world, making a difference with what they do every day.

For us GenXers, it likely because, well, we’re older and seeking we’re more meaning in our lives. Many of us worked through the 2008 housing crisis, subsequent Great Recession, stagnant wages, high unemployment, and low national gross domestic product (GDP). Even though we may only have a small piece of our pie, we want to share some of it before we’re no longer here to share it.

For those considering more meaningful first or second careers, here are some jobs to consider:

Good samaritan.

You know how some days, weeks, even years are hard?

Social workers help people manage those times when we can’t manage on their own. From advocating for children who need an advocate to be there for the older adult who’s all alone to everything in between, social workers are there to care.

Life isn’t as easy for all of us and some of us find it harder to deal with than others. It’s social workers who help change these lives for the better.

Money maker.

Unfortunately, the financial professionals who break the rules get all the attention. They deserve the bad press they get.

Their honest, hardworking colleagues don’t.

Financial planners and the people who support them help everyday people with their money every day. Most financial professionals have their client’s best interest in mind, and that’s why this can be a rewarding career.

They help want-to-be parents prepare financially to have their children. They help fulfill the student’s dream of going to college. They assist the widow who lost the spouse responsible for managing the family finances. They help people make sense of retirement and legacy planning.

Financial professionals help make dreams come true, and nightmares go away.

Baby maker.

Among the many ways family planners help families, they help grow families.

Don’t let your high school years confuse you. Having children for many women isn’t easy, particularly since women and couples are having kids later in life.

Family planners can help these women and couples navigate the waters of growing their families with in vitro fertilization (IVF), various means of surrogacy, and any other medical advancements medicine has developed, including the different ways to adopt.

Fixer.

If you’re in pain or recovering from an injury, your physical therapist may just be your best friend. Like any decent best friend, your physical therapist sticks by you through the screams, tears, pain and frustration until you’re 100% again.

Physical therapists help their patients overcome negative conditions and achieve long-term health. Good health is consistently listed on the top of people’s most important things. If you’ve ever been in bad health, you know that returning to good health becomes the most important aspect of life second to family.

Modern-day Aristotle.

Christa McAuliffe, one of the seven victims of the Space Shuttle Challenger disaster, once said, “I touch the future. I teach.”

Anyone who’s ever amounted to anything is in debt to a teacher. Successful people from President Obama to Oprah Winfrey have publicly thanked particular teachers who helped them achieve their successes.

As a good teacher, the impact you have on a student could world-changing.

Healer.

Sure, doctors get all the glory, and the work doctors do is amazing.

It’s just that when you want that pain medication in the middle of the night and you’re stuck in a hospital bed, your doctor’s not coming to your aid.

That buzzer buzzes straight to a nurse’s station. When you need that very embarrassing, very necessary help in the bathroom, it’s your nurse who saves the day. When everyone else is gone, your nurse is still there.

Want to make a different in people’s lives? Be a nurse.

Sower and reaper.

Other than John Mellencamp, America doesn’t give farmers much love, and that’s a shame.

Everything healthy we eat is grown by a farmer. Growing healthy and nutritious food is an important and noble profession that helps all of us live from day-to-day.

If you’re scared you have to move far away from friends and family, don’t be.

Of course, the most abundant farming happens in the middle of the country, but you don’t have to uproot yourself to root some vegetables. Urban farming is a thriving industry these days, especially with more people in urban areas seeking more healthy food.

Space cowboy.

Being a space cowboy or cowgirl isn’t just for eight-year-olds. It’s for full grown adults, too. Space is the final frontier, and we’re finally making aggressive efforts to conquer space. Space exploration and space technologies already help millions in many ways. Someday, it may even save the human race.

Becoming a space cowperson or one who supports them isn’t easy, as space is only accepting the best of the best. But, if you can pass the test, helping the human race pioneer the space frontier can change the world and, possibly, the universe.

Superhero.

A lot of people do a lot of good work. Truth be told, there are a lot of superheroes out there.

However, police officers, EMTs, and firefighters save and protect lives every day. For many, their career is in their blood, having been passed down from generation to generation. For some, it’s an innate desire to help.

If you have such a desire, the world will be a better place with people like you in one of these jobs.

Many professions that make a positive difference in the world. Sometimes even a seemingly mundane job can make all the difference to someone.

Consider your skills and abilities and focus on giving to others. If you do, nearly any career will help you change the world.

 

 

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Freelancing is totally everything it’s cracked up to be. But it also comes with unexpected shittiness at times. Know what you’re getting into. Read More...

Just about everyone fantasizes about freelancing at some point.

When the daily grind is wearing you down and the stress of office culture is driving you crazy, you start to wonder what a career with no strings actually looks like.

Here’s the honest truth: it’s great. Also, it’s terrible. Sometimes it’s just okay.

Just like anything else in life.

More than anything, freelancing is a mixed bag. The lack of structure can be freeing, frustrating, and confounding.

The sense of agency can be empowering and terrifying at the same time. You can wake up some days feeling like a giant and go to bed feeling like a mouse – and vice versa.

I’ve been a full-time freelancer for several years now. Here’s the honest truth about freelancing. The best parts and the worst parts.

The good.

Having more flexibility in my workday is the best part of freelancing. At any point in a day, my husband and I can go for a hike, drive to Costco, or catch a movie. As long as I’m caught up on work, I’ll say yes.

Working for yourself allows for more freedom than any other job. You can take off as much time as you want and work when you need to. Many freelancers choose to work while they’re traveling, so they can stay longer and travel more often.

“Last year I was able to live in Chicago and Ann Arbor for a little over a month, and I plan to be away for two months this summer,” said freelance writer Jackie Lam of Cheapsters.

A few months ago, my husband and I got a puppy. We already had a dog – a lazy Beagle mix who mostly slept all day – but our new puppy needed lots of exercise and constant attention. The other day I realized that if one of us wasn’t working at home, we wouldn’t have been able to properly care for her. I can’t imagine not having Naga in my life. Freelancing made that happen.

Freelancing also lets you choose projects based on what you care about, not what your boss wants you to do. Valerie Rind, the author of “Gold Diggers and Deadbeat Dads,”  said freelance writing gives her the chance to stretch her limits and learn more about an issue she’s interested in.

“Instead of writing about the same topic, I try to accept assignments even if I don’t know much (or anything) about the subject matter,” she said. 

Most of the time, for me at least, the truth about freelancing is that it’s awesome. But there are times it’s not super-great. And you need to know that before you ditch your job and jump into the world of freelancing.

The bad. 

Most employees get paid every two weeks. No matter how well their company is doing, they still see a regular paycheck.

Not so for freelancers. How much you earn is dependent on not only how hard you work, but also on factors outside of your control. A client goes on vacation for a month and doesn’t need your services? You’re the one who has to scramble for work. Need surgery and can’t work for a few weeks? You’ll have to cover your own expenses.

Plus, the work is variable. Unless you have a steady stream of clients, freelancing can swing from feast to famine very quickly. One month you’ll earn more than you ever have, the next you’ll be living off of your emergency fund.

“Freelancing can test your character for sure,” said writer Melanie Lockert of Dear Debt. “The good times can have you feeling on top of the world, and the low times can have you questioning everything in your life.”

When I receive a lot of edits from a picky client or get all my carefully crafted pitches denied, I start thinking, “Maybe I’m not cut out for this.” Pushing through those rough times requires more mental fortitude than I ever needed in a day job.

The ugly.

Here they come. The things you really need to know about freelancing before you get started.

When you work for yourself, there’s no one else there to give you encouragement, praise, or guidance. There’s no annual review where you can find out what your strengths and weaknesses are and how to improve. It’s just you.

“If you want to grow, you have to push yourself,” Lam said. “No boss is going to hand you a raise or give you a promotion.” 

One of the worst aspects of freelancing is chasing down vendors who pay late. Once, I waited five months for a client to pay a $3,800 invoice.

When I reached out to my contact, he told me the company had shut down. I had to call all over the place to get someone to write me a check.  Some clients also balk at my late fee, even when I’ve been waiting two months to get paid.

Another pet peeve is working by myself. I miss having co-workers to talk to when I need a break or a boss to bounce ideas off. I do work with my husband, but he prefers solitude when working. I’m an extrovert, and it took me a few months to get used to being inside my house all day.

Are you ready to freelance?

There’s no doubt I love freelancing. This has been a great lifestyle for me. And it might work for you, too. But before you dive in, it’s good to know the truth about freelancing so you aren’t taken off guard by some of the challenges.

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Want to make more money without the hassle of a second job? A little ingenuity can go a long way. You might be surprised at what’s available to you. Read More...

I became a fan of multiple streams of revenue ever since I started hating my one, single W-2 job.

Even with my emergency savings account, I detested the idea of one person or one entity dictating my cash flow.

If you’re like me, or simply want to make more money on the side, here are seven recommendations for you to increase your income without getting another job.

Update your W-4.

The only thing I detest more than relying on someone else for all my income is giving The United States Government an interest-free loan.

Can I get a “Hell yeah?”

I’m sure I heard something.

Too many of us give Uncle Sam too many interest-free loans between April 15th and April 15th year after year. The IRS reported that it refunded $125 billion in tax refunds last year in 2015 with an average refund of $3,120.

A great start to seeing more money in your budget without getting a second W-2 is to update your W-4. Increase the number of allowances you claim on your W-4 so that you owe or are owed near $0.

You’ll keep more of your paycheck each month, resulting in better cash flow. Sometimes that matters more than whether or not you get a tax refund.

Sell stuff.

Most of us have more stuff than we need. Try watching Minimalism: A Documentary about the Important Things and tell me you don’t agree. Consequently, stores are bigger and cars are bigger and TVs are bigger, and everything is bigger.

Many of us have tools and exercise equipment we don’t use. We have clothes we bought a year ago that still have their tags.

Most of us have more gadgets than we know we have or need. When I got my first laptop, it was special. When we got our first iPad, it was special. For this article, I did a quick search, and my household of two has three laptops and two tablets. Laptops and tablets aren’t special anymore.

This overabundance is an opportunity to make money. All of these items, new and used, can be sold. You can sell used clothes on sites like Tradesy and Material World. Sell new clothes and gadgets on eBay, Facebook Marketplace, and Amazon.

Get a roommate.

A quarter of a million millennials live at home with their moms and dads. That sucks for them, but it’s an opportunity for you. If you have an extra-large closet, you can rent it to someone in need of independence. That may be an exaggeration, and it may be illegal, but you get my point.

People need a place to live and rent’s expensive. Having one or more roommates will either increase your income or decrease your expenses. Either way, you’ll have more money.

Airbnb.

If you don’t want a full-time roommate but have the space for an occasional guest, try Airbnb or competing marketplaces to make money on your extra space. Alternatives to Airbnb include VRBO, Tripping, and Couch Surfing.

After a vetting process, you can rent your extra space to travelers looking for a homier or a more affordable experience than a hotel. You can pick and choose what dates to rent your space, so you’re not constantly hosting. When you travel away from home, you can make money while you’re away.

This is a great way to make more money. And other areas of the sharing economy, including driving for rideshare businesses while you run errands, can be a good way to make a few extra bucks.

Blog.

My name is John Schneider and I’m a blogger. You should be a blogger, too. I think most people could make money blogging about their expertise, their hobby, or whatever they want.

I think most people could make money blogging about their expertise, their hobby, or whatever they want.

When you start a blog and create a following, your site traffic is money. You can monetize your site with affiliate advertising, such as Google Adsense, and Amazon.com affiliate codes. You can add particular affiliates that are appropriate for your particular niche. You can even sell your products and services.

If you make art, design clothes, are into woodworking, or do any number of creative things, you can monetize your hobby and sell your creations in a store on your website. If you already have a hobby, you may as well make money doing it.

Take surveys.

Data is king in these days of statistics and algorithms. Businesses and organizations want to know more things about more stuff.

Use their piqued interests to make top dollar. Rather than scrolling through Facebook or Twitter, go to sites like My Survey, Swagbucks, and others to earn money taking surveys.

Write a book.

This suggestion may be another version of monetizing a hobby, but Les Brown says that the graveyard is filled with a library of unwritten books.

With sites such as Smashwords and Amazon’s Kindle Direct Publishing, it’s never been easier to publish a book. If you’re already writing or want to be a writer, publish your book.

Granted, for every story you read about a self-published author who rakes in $500,000 a year, there are thousands of stories of self-published authors who make nothing.

As a self-published author of three books, I know from experience that it isn’t easy. There is a social strategy, though, to get one book in front of a lot of people or gain a following by self-publishing books regularly.

As co-blogger Miranda Marquit would caution, don’t self-publish a book through a company that needs an unreasonable amount of money from you first.

If you’re already writing or want to be a writer, you may as well try to earn some money. If nothing else, you can tell your next date that you’re a published author.

These are just seven ways to have a second, third, or fourth income without needing an equal number of jobs. It just takes a little creative thinking. Hopefully one of more of these ideas will help you increase your income or, at least, inspire ideas of your own to make more money.

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More formal education isn’t always better. Before you take on even moar student loan debt for a graduate degree, stop and run the numbers. Read More...

The only thing better than bigger is more, right?

Depending on what we’re talking about this is arguably true.

When talking about a pint of Ben & Jerry’s with a dose of Golden Girls, more is better.

When talking about the housing bubble, student loan bubble, and Taco Bell, not so much.

Moar student loans? Maybe not better.

College tuition has been on a steady increase since the 1990s, and college graduates are graduating with more debt than ever. Between 2008 and 2012, the number of students to graduate with debt increased from 1.1 million to 1.3 million.

Too often now, college students graduate with a mountain of debt. They’re forced to move back home with mom and dad and take a job with pay not commensurate with their student loans. Many graduates are underemployed and are seeking a better future.

The daughter of a good friend of mine recently graduated with $100,000 in student loans with a degree in social work from a premier college in a major city. She moved back to her small hometown and took the first job she could get because she was afraid not to have money to pay her student loans. She currently earns $13 per hour. She’s now considering graduate school to increase her opportunities because her big city degree is too expensive for her little city job.

For many, the logical next step is to either kill time or make a better future is to get their graduate degree. This, often, requires taking on more student loans – and the cycle continues.

Is a graduate degree worth it?

As with any investment, one must look at the potential return on that investment. About 70% of undergraduates already have about $30,000 of student loans to repay. The cost for graduate school on the low end for public colleges is another $30,000.

Will $60,000 in student loans do for a student what $30,000 can’t?

One way to evaluate the return on investment (ROI) of a graduate degree is to look at the potential increase from a salary with an undergraduate degree to a salary after a graduate degree.

Considering that many employers pay employees just enough to get them to stay and that wages have been stagnant for decades, there’s a good chance a salary increase won’t help you pay off your student loans faster.

The second way to evaluate the ROI of a graduate degree is to compare the maximum salary potential with an undergraduate degree and the maximum salary potential with a graduate degree.

For this method, a 2015 study done by SoFi that compared the ROI of earning different graduate degrees based on wage increases for each of the first 10 years after graduation from graduate school may help.

It’s also important to determine if you have the stamina to complete a graduate program when your primary driver is income. The benefits of credits obtained for graduate degrees are reduced when the graduate program isn’t finished.

How can you keep your cost low if you must go?

If graduate school is in your future, it helps to lower your costs of school. If you’re considering graduate school and already have student loan debt from undergraduate school, you’ve likely exhausted all education savings and gift accounts, such as 529 Plans and Uniform Gift to Minor Accounts. However, it may help to find out if you have relatives or even friends with money in 529 Plans that aren’t completely used.

One benefit of 529 Plans is that they may be transferred to another beneficiary if the original beneficiary doesn’t pursue a higher education or doesn’t use all the money in their 529 Savings Plan.

It’s also helpful to exhaust grants and scholarships offered by the federal government, state governments, and schools.

Research www.grants.gov and apply for grants that are appropriate for you. You’re likely already familiar with FAFSA (Free Application for Federal Student Aid). Complete an application at www.fafsa.ed.gov to apply for federal student loan assistance authorized under Title IV of the Higher Education Act of 1965 to help subsidize your graduate degree.

Title IV of the Higher Education Act of 1965 covers Pell Grants, Supplemental Educational Opportunity Grants, and the Federal TEACH Grant, along with other grants, loans, and work-study programs. Research www.ed.gov to find additional grants for which you may qualify. Simple ways to search grants and scholarships available through your state are through your state’s Department of Education or state grant agency website or with Scholarships.com.

Get that (scholarship) paper.

A trick to get the most money available through grants and scholarships is to be a bottom feeder.

Most people shoot for the higher, five-figure grants and scholarships. The competition for these higher-dollar grants and scholarships is stiffer. Fewer people apply for lower dollar scholarships and grants, which makes them relatively easier to win.

By creating systems and standard responses that just need to be nuanced from application to application, acquiring the lower dollar grants and scholarships may be your best strategy for keeping your costs low.

Get your employer to invest in you.

Finally, get an employer to pay for all or some of your graduate degree. If you’re currently employed, contact your human resource department to determine how your employer may be able to assist. Reimbursement usually covers up to a certain dollar amount in each year and doesn’t require repayment. It does typically require that the student meet a minimum GPA.

Tuition reimbursements over $5,250 a year may generate a tax payment for the employee. This will likely require that you work full-time and go to school part-time and will take you longer to complete graduate school, but it will mean less student loan debt for you.

If you aren’t currently working for an employer that offers tuition reimbursement, consider finding a job with a company that does. UPS, Home Depot, Starbucks, and Apple have businesses in most parts of the country and all offer excellent incentives, including tuition reimbursement.

It may be that more is better for your situation. If so, be strategic with how you get more because at some point it may get cost-prohibitive. It may be that more school isn’t necessary if you’re creative or strategic with your career planning. Don’t get so wrapped up in the “more mentality” that you don’t see this.

Have you gone back to school? Did it work for you? Or was it an unnecessary expense? Join the conversation in the #Adulting Facebook community.

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You work too much for too little pay. It’s time to ask for a raise. But you have to do it right. Read More...

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You work hard. You provide value to the company. But you’re still being paid like a noob. How do you ask for a raise?

Because it’s not going to just show up for most of us. Most of us have to ask for more money. It’s never fun, but it needs to be done.

If you want more from work — whether it’s a raise or a promotion — you need to prove your value and then take your evidence to the boss. In this episode, we’ll talk about how you can do that.

Concepts

  • How to recognize that you actually deserve a raise or promotion.
  • Tips for figuring out how to quantify your contributions.
  • Reasons it’s time to ask for a raise.
  • When to approach your boss about a raise.
  • What you need to know about the process of asking for a raise or promotion.
  • How to make a presentation to your boss.
  • Suggestions for what to include in your presentation.
  • How to focus on your value to the company.
  • Tips for compromising on the amount of the raise.

Our “do nows” this week are all about reflecting on the reality of your situation and paying attention to the value you offer. We also take a look at how you can assess when the best time to ask for a raise is.

A listener also has a question about how much work has been piled on. We talk about what you can do if your boss isn’t willing to acknowledge your work, even though it’s the right thing to do.

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Resources

When to approach your boss to ask for raise
Are you ready for a raise?

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O.K. That seems a little crazy. But does it really matter how messed up it is if you make some extra money? Read More...

Whether you want to pay off debt, save for a new car or travel around the world, one of the best ways to fulfill your financial goals is to earn more money.

But if you’ve asked for a raise or tried to look for a new job without success, it might be time to start a side hustle.

A side hustle can help you earn money while allowing you to maintain your regular job. Plus, many of these gigs have flexible hours so you can work around the schedule you have at your real job.

If you need more money, you can ramp up the work. If you want to take a break, you can do that too.

And if you’re ready to make bank, you might be surprised at how many strange niches you can fill. Here are some of the weird side gigs you can do and still make decent money:

Give plasma.

I started selling my plasma in college when I was a senior.

Graduation was near, and I needed money so I could afford to stay in town while doing an unpaid internship.

It was easy work. Lay down, get poked with a needle and sit for an hour while the machines collect your plasma. The room was cold, and even though I never did anything productive while I was in the chair, I made decent money.

Most plasma centers offer between $20 and $50 per donation and some even provide bonuses if you come at least a certain amount per month. They usually require that you weigh at least 110 pounds and have no major health issues.

Sell used underwear.

Ever have a pair of used panties that you throw away because they’re too small or because they have holes in them?

Instead of tossing those undies, try selling them online. There’s a huge market for used underwear.

It’s true.

Costs can range from $30 to $75 depending on the type of underwear, how long you’ve worn it and whether you’re willing to include photos of you wearing it. Some girls buy briefs in bulk so they can maximize their profit.

Everyone has their thing. If you aren’t creeped out at the thought of someone drooling over your undies, this can be a legit way to make money.

Yard sales.

When was the last time you went to a yard sale? If you’ve been to one recently, you were probably looking for something you could buy for yourself. But some people go to yard sales to shop for items they can resell elsewhere.

It might seem like a little bit normal in terms of other weird side gigs you could be doing, but going to yard sales as a business can still raise a few eyebrows.

Your possible profit depends on what you find, the condition it’s in, if you can fix it, and what it’s worth now. Finding a Waterford crystal vase is unlikely, but you can score some kid’s football gear that can be resold.

Rent out a room on Airbnb.

Many people have made renting out their house on Airbnb a successful side hustle. But most do it when they’re on vacation or if they move out.

What about renting out a room while you live there?

It seems a little weird to let strangers hang with you while you’re at home, but it’s a way you can make money all the time — not just when you’re out of town.

Having a boarder was common a few decades ago, when being single meant you couldn’t afford a whole apartment or house. Nowadays, you can rent out a spare room, air mattress, or couch on Airbnb and similar sites.

Depending on your location, city, and amenities, you can make more than $100 a night.

Not bad for one of those weird side gigs that requires you to entertain complete strangers.

Thumbtack.

Everyone has a skill. Some people like dog sitting, others are champion green thumbs. No matter what you specialize in, you can find a gig on Thumbtack.

Thumbtack is a hub for anyone peddling a skill. My husband found his piano teacher on Thumbtack by posting what he was looking for. I found suggestions for house cleaners.

To start working, you have to create a profile and respond to jobs when they’re posted.

It can be hard to get started if you have no reviews, so I recommend charging low prices until you get a few solid testimonials. It sucks, but you can start raising your prices as soon as you are recognized as an expert.

Online surveys.

This option is best if you work at a job with computer access and lots of downtime, or if you want something to do at home besides browse Netflix.

I did this while I was paying off my student loans until I found more profitable freelance work.

I used a Reddit forum to find the best surveys, usually $1 for a few minutes. This sounds paltry, and it was. But there are no requirements for startup money, no huge time sink, and no restrictions.

According to Amazon’s reports, I made $242 in 2012. If you work a job where you have lots of downtime and computer access, it’s not a bad way to earn a few bucks.

Plus, there are ways to make even more if you join a site like Inspired Opinions. Sometimes, you can qualify to take part in focus groups for $50 to $75 an hour.

Sell advertising space on your car.

Ever seen those cars with tacky ads plastered all over them?

Well, some of those are business owners trying to drive their brands, but sometimes it’s regular people trying to make a buck. Carvertise is one startup that pairs companies with eligible drivers.

In the realm of weird side gigs, this one can be a bit taxing. After all, your car is an extension of who you are. It’s hard to plaster it with ads.

You have to be at least 21, drive 800 miles a month, and have a 2005 car or newer. According to the FAQ, you could make $100 a month.

That’s not bad, for just doing what you normally do around town.

What other interesting ways have you heard of to make money? Let us know about your favorite weird side gigs in the comments, or by visiting the #Adulting community on Facebook.

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Eva Baker from Teens Got Cents and The Teenpreneur Conference shares how being an entrepreneur while in school gives you valuable skills. Read More...

Once in a while, we present Adulting.tv LIVE! Subscribe on YouTube to hear about future events, and share your questions about or suggestions for our next discussions!

Show Notes

Eva Baker from Teens Got Cents and The Teenpreneur Conference join Harlan and Miranda today to talk about the experience of being an entrepreneur while in high school and/or college, and why entrepreneurship is an important piece of educational development.

Watch the live video above or listen to just the podcast audio by using the player below.

Hosted byMiranda Marquit
Produced byadulting.tv
Edited and mixed bySteven Flato
Music bybensound.com

Like what you’ve heard?

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For a limited time you’ll receive our new book, The Best Bank Accounts for Adults, when you sign up!