Budget Snob

Seven Careers in a Lifetime – True or False?

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Although the Bureau of Labor Statistics (BLS.gov) does not provide estimates on the number of times people change careers in the course of their working lives, there’s a claim (or misconception) floating around that states most people will change careers 5 to 7 times during their lifetime.

Is that true? Or is more fairy tale?

According to a recent Wall Street Journal article, the number of lifetime career changes is sketchy at best.

“The problem is career change is tricky to define,” says Solomon Polachek, a professor of economics and political science at Binghamton University in New York, who nonetheless calls the seven-career figure “a considerable overestimate.”

… Read the rest

5 Ways to Generate a Second Income

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No matter how much you earn, a little more wouldn’t get turned away would it? Of course not, and as a result, you may be looking for ways to generate a second income. A quick internet search will reveal a myriad of ways you can earn money from home, many of which promise you’ll be able to work just an hour a day and earn more than your regular full time wage.

While this sounds enticing, the truth is there are just as many scams out there as there are legitimate opportunities. Following are five popular ways of supplementing your income and advice on making that supplement a success.… Read the rest

Retirement for Young’uns

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If you’re under the age of say 45, have you ever stopped to think about what your retirement will look like? With the recent mulling over of raising the Social Security eligibility age (to 70 in case you didn’t know), maybe it’s time to take a reality based look at our golden years.

The good people over at FrugalDad are questioning the typical retirement rules.

As our economy shifts away from manufacturing (something I personally find very sad), and into service, I think people will be more likely to change jobs dozens of times in their lifetime.

I personally have worked for 5 different companies in the span of 10 years—not including the 5 legitimate and as many illogical businesses I started over the same period.… Read the rest

7 Unusual Jobs with Great Pay

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It used to be that when your job title included the word “Director”, “Chief” or “Chairman” that you could expect to make the big bucks, but in this day and age, if there’s a job not many people will do, or can do, then the earning potential is endless.

Maybe you’ve heard of unusual jobs like chicken sexers, who separate the male and female baby chicks, or odour judgers, who sniff armpits to judge the long lasting effectiveness of deodorants (and there must be someone who writes the messages that come in fortune cookies), but here’s a list of unusual jobs that also pay exceedingly well.… Read the rest

Kicking Your Job to the Curb

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Would you quit your job if you won the lottery? Duh, right? For those of us working on creating our own lottery (i.e. building our tiny, solo businesses), how do we know when it’s time to quit? Sierra Black from ChildWild, posting on GetRichSlowly attempts to answer the “when do I quit my job?” question:

How do you know when it’s time to quit your day job and go full force into your dream job? Sometimes the date is chosen for you. You’ve gotten into law school, or been hired as an English teacher abroad, and your new contract spells out the dates.

… Read the rest