In 2010, I worked at seven part time jobs, six of which are seasonal. Based on this experience, I am discovering my sweet spot for characteristics of retirement part-time jobs. Here are some elements of the sweet spot:
My two teaching jobs meet all four criteria. My technical advisor job meets three of the four criteria, missing only in the perks category. My financial services job meets two criteria, missing in the hourly commitment and wage categories. Of the remaining three jobs, two meet non of the criteria and one satisfies one criterion.
For now, I plan to continue the two teaching and the technical advisor jobs. The time commitment is reasonable. One teaching job requires two hours a week, 12 times a year. The other teaching job varies from four to eight hours every two weeks. The technical advisor role averages about five hours a week. The teaching jobs pay two to three times minimum wage and the technical advisor job pays significantly above minimum wage . I am learning a lot from these jobs. Also, the teaching jobs have free or significantly discounted service for children of employees.
I also plan to keep the seasonal financial services job one to two more years. The access to virtually free, unlimited educational training makes this job worth it. However, if I can't reduce the hours or increase the pay, I probably will drop this job in two years.
Finally, I plan to drop the other three jobs that meet one or zero criteria. Also, in the future, I will only apply to part time jobs that satisfy at least two, preferably three, of the criteria.
For more on New Beginnings, check back every Sunday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2010 Achievement Catalyst, LLC
Sunday, September 12, 2010
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2 comments:
It would be nice to see more details about these jobs, like what you do and how you got the jobs. This is my first time here so maybe I missed some previous posts. Also, is the commute to these jobs significant enough to take into account?
@ TR,
For reference, I have been purposely vague about job details to maintain my anonymity. However, I can answer your other questions.
Here's how I found the jobs. I got two of the jobs through contacts. The other five I got by inquiring directly or submitting an application to a job posting.
Here are the details of commuting distance. One job is mostly work from home. Three jobs have a 3 mile round trip commute. Three jobs have a 20 mile round trip commute, about 15 minutes of driving time each way. I won't be doing two of the longer commute jobs next year.
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