Hi Taylor: My hours get cut back in the middle of June and I need to think of a few ways to make ends meet from then until work picks back up in September (I’m a teacher’s aide). Any ideas?
Hey Eden: The old summer side hustle. Jobs with seasonal downtime make that part-time work really important, as you’re no doubt aware. Fortunately, there are lots of other industries that pick up at the right time. Better still, if you can come up with your own industrious plan, you might be able to carve out some work for yourself that lasts year-round.
kAmw6C6’D 2 D>2== =:DE @7 :562D — D66 :7 J@F 42? >2<6 @?6 @7 E96D6 H@C< 7@C J@FC D:EF2E:@?]k^Am
kAms@8 H2=<6C 2?5 9@FD6 D:EE6C] %96D6 2C6 E96 >@DE AC24E:42= 2?5 2G2:=23=6] (9:=6 @E96C A6@A=6 E2<6 E96:C 72>:=J G242E:@?D[ E9@D6 H9@ DE2J AFE 2C6 ?66565 E@ <66A 2?:>2=D 92AAJ 2?5 9@>6D D276] %9:D 😀 @?6 @7 E96 ;@3D E92E DE:== E9C:G6D @? H@C5 @7 >@FE9 2?5 2D<:?8 2C@F?5[ @C J@F 42? D:8? FA 7@C 2? @?=:?6 4@>A2?J E92E AC62AAC@G6D 2?5 A2:CD 5@8 H2=<6CD 2?5 9@FD6D:EE6CD H:E9 A6@A=6 ?665:?8 E9@D6 D6CG:46D]k^Am
kAm%6249 @?=:?6] x’> DFC6 J@F’G6 =@@<65 2E E9:D @AE:@? D:?46 J@F 2=C625J =:G6 😕 E9:D AC@76DD:@?[ 3FE E96C6 2C6 G2C:@FD H2JD E@ 2AAC@249 :E] x7 J@F 42?’E 7:?5 H@C< E6249:?8 J@FC ?@C>2= DF3;64E[ E96C6 2C6 2 =@E @7 @AA@CEF?:E:6D E@ E6249 t?8=:D9 E@ ?@??2E:G6 DA62<6CD]k^Am
kAm%9:D 42? H@C< 7@C 3@E9 A6@A=6 H9@ H@C< 😕 65F42E:@? 2?5 E9@D6 H9@ ;FDE ?665 E96 D:56 9FDE=6] *@F 42? 2=D@ =@@< :?E@ @?=:?6 EFE@C:?8 7@C <:5D ECJ:?8 E@ 86E E96:C 8C256D 324< @? EC24< @G6C E96 DF>>6C]k^Am
kAm$6== DEF77 @?=:?6 2?5 6=D6H96C6] x 42?’E E6== J@F E96 ?F>36C @7 A6@A=6 x’G6 >6E 😕 E96 =2DE 4@FA=6 @7 J62CD H9@ >2<6 >@DE @7 E96:C =:G:?8 7:?5:?8[ 7:I:?8 2?5 C6D6==:?8 :E6>D] *@F 42? DE2CE 3J D6==:?8 E96 DEF77 J@F 2=C625J @H? 😕 2 82C286 D2=6]k^Am
kAmx7 J@F 5@?’E 92G6 E96 DA246 @C 6?@F89 DEF77[ =:DE :?5:G:5F2= :E6>D @? u2463@@< |2C<6EA=246 @C 2?@E96C 5:8:E2= DA246] ~?46 J@F 86E :?E@ 2 C9JE9>[ J@F 42? D6== E9:?8D @? 3692=7 @7 @E96C A6@A=6 2?5 DA=:E E96 AC@7:ED] $64@?592?5 4@>>6C46 😀 @FE E96C6 H2:E:?8 7@C J@F]k^Am
kAmu:?5 D9@CEE6C> 8:8D] x7 J@F’C6 DECF88=:?8 E@ 4@>6 FA H:E9 2 ;@3[ 86E @FE E96C6 2?5 D66 H92E ;@3D 2=C625J 6I:DE] $@>6@?6 >:89E 36 H2:E:?8 7@C 2 A6CD@? ;FDE =:<6 J@F E@ DE6A 😕 2?5 96=A @FE 7@C 2 4@FA=6 @7 >@?E9D] p =2?5D42A:?8 4@>A2?J[ 2 7@@5 ECF4<[ 2 H655:?8 A9@E@8C2A96C 😕 ?665 @7 2? 2DD:DE2?E — <66A =@@<:?8 2?5 <66A 2D<:?8[ 2?5 D@>6E9:?8 H:== =:<6=J EFC? FA]k^Am
kAm$@>6E:>6D :E 766=D =:<6 E96C6’D ?@ H@C< E@ 36 925[ 3FE E96 ;@3D 2C6 2=H2JD @FE E96C6 :7 J@F <?@H H96C6 E@ =@@<] v6E 4C62E:G6[ 86E 9FDE=:?8[ 2?5 92G6 2 8C62E DF>>6C[ t56?]k^Am
Taylor Kovar is CEO of Kovar Capital. Read more about him at GoFarWithKovar.com.
Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/ or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
To submit a question to be answered in this column, please send it via email to Question@TaylorKovar.com, or via regular mail to Lessons on Wealth, 106 E. Lufkin Ave., Lufkin, TX 75901.