Introduction There are many reasons you may choose to look for a second income. Sometimes people just get bored with their full-time career and they want to expand their horizons in their spare time and make a little extra money. Some ...
There are many reasons you may choose to look for a second income. Sometimes
people just get bored with their full-time career and they want to expand their horizons
in their spare time and make a little extra money.
Some people use extra income to buy those extras at home, to save for a mountain
bike, or to pay for some other hobby like skiing, tickets to concerts or even a tattoo.
Whatever the reason you are seeking extra income, you have come to the right place.
First, we should be clear on what this book will and WILL NOT cover.
This is not a book about starting your own full-time home-based business or
transitioning out of work to start your own company. It is a book that will give you ideas
and recommendations and resources to help you develop a second income.
In addition, we have taken the rather novel approach of suggesting that you match your
existing skills, talents or interests, wherever possible.
We hope this helps you to choose second income work that you will find enjoyable and
fun, or something that will help you grow or meet new and interesting people.
Let’s face it, unless you LOVE your current job, you can use some fun and interesting
times in your life, can’t you?
If you have to work to make money to pay bills or buy those extras you want or need,
why not have a good time?
Don’t worry if you cannot think of any skill or interest you might use in this
Later in this book, we will review a list of skills, abilities and interests.
Then you will create a profile that will help you consider what second income
opportunities you have that may help you learn, grow and have fun, while you are
For now, let’s dig in and see where you can go with this idea of a SECOND
The first order of business is to decide whether you think you have the focus, time and
interest to handle a second income opportunity.
Can I Really Juggle a Second Income Opportunity?
Remember, you will be making extra money, but in exchange, you will have to juggle
your current responsibilities and spend more time working in order to get more income.
If you decide to choose something that interests you, you will find it easier to spend the
time on your new ‘job’, but that second income opportunity WILL take you away from
other things you may like to do.
Before you rush out and buy supplies to start the new task, or take out an
advertisement, be sure you have considered all the tradeoffs.
Do you KNOW whether you really WANT or need to do this?
Here are the things you must consider:
Ø Available Time
Ø Interest in Second Income vs. Other Interests
Ø Net Income (after you pay for things like transportation, supplies, etc.)
Ø Other Responsibilities and Obligations
Ø Tax Implications (we’ll talk more about those later)
Ø Resources (can you do this alone, or will you require help?)
We will take a look at each of these in more detail later in the book when you complete
We will ask you to answer questions about each of these considerations.
Your answers will help you complete your profile and decide if a second income
opportunity is right for you.
If you DO choose to proceed with a second income opportunities, your Personal
Profile will help you choose an opportunity to suit your interests.
Some Recommendations for Second Income Jobs
You are ready and excited about this opportunity. You want to move forward and get
There is just one problem!
You have NO idea what you want to do or what you CAN do to make extra money.
Before we dive into your Personal Profile and figure out what is best for you, let’s talk
about some ideas to get your creative juices flowing.
There are endless possibilities for second income, and we certainly can’t cover them all
here, but these will start you thinking.
By the time you are finished with this book, we hope you will have chosen two or three
ideas for further consideration.
From those you can make your final choice and start on the path to that second income
you want or need!
Coaching – Coaching for young and adult sports teams can pay a little bit of
money, though some coaching positions are often voluntary, so check first before
you sign up.
You will need to have a good knowledge of the sport, some free time in the
evening and on weekends and you MAY have to take a few vacation days if your
team makes it to the playoffs or has to travel to a tournament.
Paying jobs for small fry coaching are often in the Southern and Western U.S.
where sports are played year round.