As mentioned in an earlier post most teachers are not satisfied with their current teacher salary. You can hope for your district/school board to reward your efforts in the next salary negotiation and give you a better raise than your current salary schedule or you can start doing something NOW to earn more. There are at least 6 things you can do now to raise your income.
- Internal subbing – Email your administrators now (whoever handles internal subbing) and ask them contact you when an internal sub is needed and do this as soon and often as possible. Subbing one extra day a week or pay period will add up over the long haul. For example, if your district pays $25 per hour for an internal sub and you sub once per week (approximately 35 weeks) you will earn an additional $880 per year before taxes.
- Extra duties/extra curricular activities – Does your school need supervisors for the lunchroom? Are there coach openings? Yearbook? You are already at school and these activities can also help you pocket an extra $1,000 or more per year. Sign up for one or more of these
- Max out your education on the salary schedule – Most school districts have a salary schedule that moves teacher pay up based on years teaching and your level of education. Get your Master’s or as far beyond Master’s that your district pay schedule will go up to. If your school reimburses you for taking these classes even better. I STRONGLY encourage you to wait to do this until you can pay out of pocket for this and not taking out student loans. Finding the most affordable Master’s level courses will be the topic of a future post. Be sure to subscribe on the right to make sure you don’t miss that post.
- Work a side job – Teacher’s have a LOT of skills that transfer to non-education situations. We work with people, create schedules, create presentations and much more. You could use these for any number of side jobs. You could tutor, do some writing, do some freelance editing/writing work, coach for a local gym or park district, etc. Be creative, you’ve got a skill that is worth money.
- Sell your lesson plans – There are websites like TeachersPayTeachers.com, TeachersNotebook.com, TES.com, and WeAreTeachers.com now out there where teacher’s can sell their lessons to other teachers for a profit. Deanna Jump has made over a million dollars doing this. Make sure you create these lesson plans on your own computer during your own time. There should be no problem testing out your lesson plans on your own students though.
- Summer jobs – Yes, most teachers want to take advantage of resting/relaxing over the summer but this open time period is a huge opportunity for you to boost your income. This could be full-time or part-time. You could start your own business, babysit, dog walk, drive for Uber, cut grass, cook and sell meals…you get the idea. You could do anything you want IF you want.
None of these options are easy but they are simple and if you look at this as a long term decision these things add up thousands of dollars. You will need to get started though and take action and thank yourself later.
What income raising tactics have you tried so far? What has worked and not worked for you? What would you do with an extra $1,000 or more per year?