As I get ready to start this blog post, I take a deep breath and memories from the past 10 years wash over me. Just a little over 10 years ago, I was a single high school French teacher in rural Indiana. In the past 10 years, I have adopted a child, gotten married, had two more children, started a new teaching job, quit the job, started a business, sold the business, gone back into teaching, moved to Norway, and started a career in an international school. Whew! It makes me tired just listing it.
As you may have guessed from that list, I am a do-er. And often I get frustrated by the fact that I am not ‘do’ing more. I want to have 100 blog posts and 10,000 readers and start mentoring teachers on financial freedom, all while being a perfect, involved mom, creating enthralling lessons, and making dinner from scratch every night. I mean, come on, that’s not too much to ask, is it?
OK, um, maybe it is. A little.
Yes, I want all those things, but I will also admit to being happier than I have ever been in my life because of one question that I learned to ask myself during the continual change that has defined my life for the past 10 years.
So here it is:
Is it forever, or for a season?
When I’m struggling with something that I really want to do, but can’t seem to get it done, I ask myself “Is this forever, or for a seaon?”
Maybe I’m trying to get ahead on my blog posts (true story, at the moment) and I’m relying on a lot of convenience foods (which I HATE to do). But I ask, “Is it forever, or for a seaon?” And it is for a season. I know because I usually cook dinner, but right now I’ve got to get a little bit ahead on blogging. So no, it’s not forever. I can give myself some grace. And my kids can cope with the flavored cardboard that passes for frozen pizza here in Norway.
Or we are trying to get a house on the market so we can move to Norway with three kids. And I have to stop working on my beloved blog. Not cut down on it. Stop. Completely. But is it forever or for a season? Well, as you can tell by the one year gap in my posts, it was a few seaons, but it was NOT forever.
It depends on priorities. And those change and shift constantly. And you know what? That’s OK. More than OK, that’s life. And the sooner we give ourselves a bit of grace, the sooner we’ll have the courage to get up and dust ourselves off after those ‘seasons’ that are going to happen one way or the other.
With that said, I’m going to go read to my son, because that stuff, that’s forever! And as you go through this thing called life, remember: You’ve got this!
So you are thinking you need a side hustle, but you are frustrated because you feel like there is not much you can do until society opens up a bit more? Actually, ground work you do now could put your side hustle or micro-business light years ahead of where you would be if you jumped right in. Here are 5 questions to help find the perfect side hustle for you.
What are my side hustle priorities?
And do not write: “#1 Make money. #2 See #1.”
NO. I mean, really give this some thought, based on your personality and your family situation. What are the underlying reasons you have for wanting a micro-business or side hustle? Is it for little extras like vacations, eating out, or other treats you could give up if the market turned down? Or is it to pay rent or medical bills?
If it just ‘fun’ money, you can choose something that is good in good times and not good in bad times. But if this side hustle is the difference between you making rent or a car payment, you are going to want to give serious consideration to side hustles that will produce income no matter what the general economy does.
Another thing to consider is your family situation and life goals. Do you have kids? If so, what is best for them is going to play a major factor. I’m not trying to be alarmist here, but one of the (several) issues that kept me from every seriously considering using our extra room as an AirBNB was the fact that there was no separate entrance, and I didn’t want strangers in and out of our house when our kids were little.
Another thing that I would love to do is pet sitting. Unfortunately, my husband is allergic to both cats and dogs, so that is a non-started based on our family situation.
Be aware that your goals and situation will change over the years, so don’t try to predict everything that could possibly happen. But don’t be unrealistic about the facts, either. If you have 4 kids under age 4, a Saturday afternoon Mom’s Day Out babysitting service might be a lot more practical than a side hustle that requires hours of uninterrupted concentration.
Some ideas to consider:
Is this going to be ‘fun money’ or is it money you need just to pay the bills?
If you have a significant other is s/he on board?
Is it more important to you to make money right away or to have the potential to grow your income?
Do you need to be able to do your side hustle from home? While watching your own kids? At a certain time of day?
Do you have plans to move to a different city within the next few years?
Are you looking for something that could eventually replace your day job, or do you just want some extra cash on the side?
Is this side hustle recession proof? COVID-19 proof?
There are a lot of great side hustles out there that are only great until the economy goes south or we have another shutdown. That’s why it matters so much whether this is ‘fun money’ or you are relying on it to pay the bills.
If it’s fun money you have a little more freedom to choose based on what you will enjoy doing. If it is essential income, the last thing you want is to choose a side hustle that is super fun, but dries up the second people start cutting back on their own spending.
In the era of COVID-19, it’s also worthwhile to think about whether this is something you can do if your city or state shuts down again. That really limits the choices, I realize. But remember, you don’t have to rely 100% on a single side hustle. You can do Uber AND test websites. You can have a Mommy’s afternoon out where for Stay-at-home-moms AND do VIPKid. But you don’t want to count 100% on a side hustle that will drop to $0 in income with the first blip in the economy.
What side hustles can I pair up to get the best of both worlds?
Let’s look at a specific example. Let’s say you look at the options and decide you LOVE the idea of indexing. It seems right up your alley to be able to read books at home, create an index, and make money for it. (If that sounds like a dream job to you, check out more info here.)
But it just won’t work because you need to make $150 a month to pay your basic expenses. That is non-negotiable. And it needs to start this month, so you don’t have time to wait for the indexing to ramp up. So you think Uber might be better. But you know you can’t do Uber if there is another shutdown. Plus, you hate to give up the chance to create something that you could actually turn into a career in the future.
Newsflash: This ain’t a marriage. You can two-time your side hustles. You can have one to cover the essentials and one to build into the future. So you do Uber until you’ve got th $150 to cover your expenses, then spend the rest of the month on building your indexing side hustle. With luck, the indexing will eventually provide the full $150 you need a month – and more!
This side hustle doesn’t work for me. What else can I try?
OK, going back to that old relationship analogy. No one goes on one date and then dispairs if the person wasn’t Ms. or Mr. Right. Going into the side hustle search with the same attitude – that there will be some things that work out and some things that don’t – makes it a lot more likely you’ll actually be successful.
If you have gone through these steps and really given them some thought, make a list of 10-15 side hustles that could work based on your priorities. You might have to dig deep to get to that number, but sometimes those ideas that you stretch for are the ones that work out.
Here is an example list for someone who wants to work at home, needs to watch their kids at least part of the time, and has some background in art and design: running an in-home daycare, selling crafts on Etsy, flipping items on E-Bay, teaching English online though a service like VIPKid, offering a subscription box service with a focus on art for kids, creating and welling Pinterest templates, doing SEO optimization, testing websites, selling lesson plans on Teachers Pay Teachers, selling photos online, teaching Mom and Me art classes from home or doing calligraphy for weddings.
The important thing is not that you love every idea on the list; it’s that if one idea doesn’t work out, you have others to fall back on. Just don’t fall back too fast. Give each idea at least a couple of months to see if it will work, and longer if it is something that you have to build up, such as art classes or a subscription box.
A final thought: Your priorities will change
Moreover, even if you find a side hustle you love, that doesn’t mean you’ll love it forever. One of my side hustles was selling real estate. Man, I loved it! I’m a real estate addict, and I love talking real estate and helping people find their dream home. It’s totally something I would do for fun even if nobody paid me to do it.
But when I became a single mom, that just wasn’t an option anymore, and I had to say good-bye to that particular side hustle.
In another case, my preschool Spanish classes were really taking off when I realized that our family would be relocating within the next couple of years. Unfortunately, my business model was location dependent. So while I could take what I had learned and start over in a new place, it would definitely be starting over. As much as it broke my heart, I gave up my Spanish teaching business because it didn’t make sense to continue to pour my blood, sweat, and tears into it when it wasn’t portable.
But I didn’t stop. I still love my side hustles. Now I just prioritize options that are location independent.
Like I said, your priorities will change. You are likely to pivot several times before your find your long-term love. Hey, nothing is saying you won’t do the side hustle equivalent of marrying your high school sweetheart. But if you don’t there’s still a happy ending out there for you if you keep on trying.
“Financial freedom” (also called financial independence) and “teacher” aren’t words that most people associate together. Not trying to brag on us here or anything, but “overworked” and “underpaid” are often more the go-to images of an educator than “working because she wants to”. Financial freedom for teachers is just not a trending phrase, despite the desperation of many teachers to get out of the classroom, either temporarily or long-term.
And yet, in some really important ways teachers are in a really, really good position to gain financial independence. So don’t let people tell you it’s impossible. There are more teachers out there who have achieved financial freedom than you may believe, and I’ll be highlighting some of them in a future post. Right now, here are some of the reasons why teachers can indeed achieve financial freedom.
NOTE: this post doesn’t deal with the insurance issue. I’m still researching how insurance fits into the picture. If anyone has decent insurance options, please feel free to comment below. I would love to hear them.
What is “Financial Freedom for Teachers”?
Before we get into the reasons, though, let’s make sure we are all on the same page. What is financial freedom for teachers? Almost every personal finance blogger will have a slightly different definition, so I’m going to just go with mine. When I talk about ‘financial freedom for teachers’, I mean the ability to know that you can teach or NOT teach without money being the deciding factor. So I’m not actually talking about you and your spouse being able to move to Tahiti (although that could be YOUR definition of financial freedom). I’m talking about either temporarily or permanently deciding to go without your teaching income and doing so knowing that the bills will still get paid.
What could cause you to walk away from a job you love? Here are a few things that I can think of.
You have 2 kids under age 3, a husband who travels for work and something’s got to give. You just can’t do a good job of being a mom and a teacher both at this exact moment. (This one happened to me.)
You just had a baby and have only 4 weeks of sick leave saved, so at the end of that time, you have to either go back to teaching or go without income. (This one happened to me.)
A family member becomes seriously ill and needs more help than you can give while teaching full time.
There is a job change that makes teaching miserable.
You are put in a position where standing up for your students or for what is right will put your job at risk. (This one happened to me. Do you see a pattern emerging here?)
You have the chance to move to your dream location and have the adventure of a lifetime, but you don’t know if you will be able to find a teaching job there. (Ahem, you guessed it. This one happened to me.)
And the current winner: Your state and/or district are forcing teachers to return to on-site classes during a global pandemic and it is JUST. NOT. SAFE.
All of these examples have a real impact on your family life and your mental health. And while you might know that you love teaching and you want to return to it someday (Yep. This happened to me!) – or not – financial freedom is the ability to leave the classroom if you need to.
So, with that, here are the many reasons teachers are actually in a great position to achieve that.
Low salary
Yep, you read that right. One of the reasons that teachers CAN achieve financial freedom is that they have a low salary. That sounds TOTALLY counter-intuitive. I imagine you’re thinking, “So you are telling me that it is EASIER to become financially free with a low salary than a big one? Well, Jill, we need to review basic math and basic logic. Which one would you like to start with?”
OK, you have a valid point, but low salary also means teachers don’t have a ton of income to replace. If a doctor wants to quit work, she often has to replace $150K+ or more per year. But the bonus of the low average salary we teachers earn is that many teachers would have to replace only a third of that – $50K or less to replace their income.
(Not) Keeping up with the Jones
That’s not news to any of us, but another aspect of that might be one that you haven’t thought of. Because pretty much everybody knows that teachers aren’t raking it in, they don’t have the same pressure to keep up with those crazy Joneses that people in other professions may.
Let’s go back to that doctor/teacher comparison, shall we? Let’s say a teacher chooses to drive a modest used Toyota Camry. That’s pretty much standard for teachers, so chances are no one would even notice. On the other had, let’s say our doctor – a surgeon – drove the same car. Don’t you think they might feel out of place parking next to their colleagues’ BMWs, Audis, and Saabs? Now, I know I am relying on stereotypes here. There are teachers who drive BMWs and doctors who drive Camrys. But I would say that isn’t the norm.
And cars are only one aspect of it. What about private school? Ski vacations? Family trips to Europe? Those are just part of what most people assume a high-income earner will do. Teachers, while they may choose some of these more expensive options, aren’t necessarily assumed to be tightwads if they opt for cheaper alternatives, either.
Think I’m making this up? No. In The Millionaire Next Door Thomas Stanley and William Danko, who spent years researching millionaires, came to the same conclusion. If you haven’t read it, you’ve got to. It’s one of the best personal finance books I’ve ever read.
Summers
Final thought: summers. I know, you are sick of people saying, “Why do you complain about what teachers make? You get summers off!” But those summers , besides being an essential part of recharging our batteries so we can go back at it the next year, are a valuable resource to begin closing the gap between your income and your expenses.
Say you decide to start a side hustle during the summer. Something you actually enjoy doing, but can also get paid for. And you spend about 20 hours a week on this side job for about 6 weeks of the summer for a total of 120 hours. (For info on side hustles that can earn you some serious money, check out my posts on VIPKid, pet sitting, indexing or other side jobs that bring in great money.) You start up slowly because it takes a while to figure things out, but that first summer, you earn about $2000 dollars, which is absolutely do-able. That works out to between $15 & $20/hour. Not great, but not so bad, either.
Summer numbers – had me a blast
Now that you’ve got the hang of it, you decide you are going to continue it during the school year, but only about 5 hours a week. After all, you chose something you actually enjoy doing, so why not? But now you are better at it, so you earn an average of $20/hr. That’s $100/week, or an extra $400 a month. Let’s say you skip back-to-school month, and two other months during the ten-months of the school year. That’s still an extra $2800 at the end of the school year. You have earned $4800, and you are now almost $5000/year closer to being able to quit teaching.
And if you have used that money to pay off some debt, your monthly expenses might even be going down as your income is going up. You can start to see how this whole thing could actually work. It won’t be easy, but it could definitely happen.
Bottom line is this: if you are determined to find reasons you can’t have financial freedom, you’re right. On the other hand, if you are determined to find reasons you CAN, you’re right, as well. To a large extent, what you believe is possible will actually influence what is possible.
Even if you honestly believe that leaving teaching is impossible for you in your current situation, there are loads of things you can do to make it a viable option in the not-too-distant future: investing in your retirement funds, paying down credit card debt, buying used cars when an upgrade is necessary, and doing more cooking at home, shopping at nice consignment stores instead of. Little things mean a lot, and even more importantly, they put you on a path you want to follow long-term.
Note: This post may contain affiliate links. These links allow me to earn a commission on some really great products or services at no cost to you. I only recommend products that I really believe in, because your trust is worth a lot more to me than a commission.
We all know that life has changed within the past two months. For many of us, our pre-pandemic “normal” is only loosely related to our social distancing “normal” .
Moreover, we are in vastly different situations depending on family situations, job situations, and emotional states. Some people are completely overwhelmed by trying to work from home, learn the new programs and apps, they need to use in their new virtual life, help their kids with online school work, all while keeping themselves emotionally healthy. Right next door, there may be someone frustrated because they have more time on their hands that ever, but no idea what to do with it.
Spoiler alert: This article was not written for that first group. If you are struggling just to keep up with the day to day, don’t put more guilt or pressure on yourself for not being up for something new at this exact moment.
On the other hand, if you are in that second group, OR if you are someone (like me) who deals with stress by producing something and distracting yourself with work, you might be feeling as if you WANT to do something, but just have no idea what to do. Even if your side hustle or micro-business is on hold at the moment because of social distancing, there are a TON of things you can do to make your business and your life run more smoothly-and hopefully produce more income – when life outside the four walls of our houses becomes a reality again.
Obviously, not all of these will work for everyone. Focus on the 1-2 that you think will make the biggest impact. (Or that you have the mental energy to tackle.) Some of these actions are all about setting a foundation for later, while others can actually help you improve your bottom line right now, depending on your business and/or side hustle.
No matter your situation, remember, I believe in you. You’ve got this!
Improve your online presence
Depending on your side hustle or micro business, creating or expanding your online presence could potentially bring in money today, while also increasing your business’s visibility for the future. Here are four ways to do so.
Create or update your website
Yeah, I know it just screams “Let the good times ROLL!” but updating your business’s website, or creating one if you don’t already have one, is a great way to leverage this forced time at home.
I don’t know about you, but I’m actually not a fan of tech stuff. It messes with my head, I have trouble with the plug ins, and all the little fiddly stuff never seems to work. So if you are techie, this doesn’t apply to you. But if you are intimidated by tech, I’m going to give you my absolute BEST tip here: Check out Shannon Mattern’s 5 Day Website Challenge.
I used it for the first time about 2 years ago, and I – yes, the woman who can make a computer malfunction just by walking into the room with it – I built a website in WordPress. But wait, there’s more! Shannon takes you through all the fiddly bits step by step. Plugins and banners and email lists, OH MY! Shannon does it all, and makes it, if not easy, at least completely do-able.
Seriously, if tech intimidates you, but you want a professional looking and functional website, you’ve got to check her out!
And if you have a website, but it is not bringing you the traffic you want, Shannon’s got your back again! For FREE again! She also offers a Free Jumpstart Your Website Traffic Mini-Course that I am actually working my way through as we speak – or um – as we blog. And in case you think I’ve got a girl crush on Shannon (OK, so maybe she is my business crush. Is that so wrong?) here’s why I keep sharing her stuff: I recently paid over $200 dollars for a course. It’s not bad. I’ve learned several helpful tips from it. But Shannon’s free stuff totally blows the paid course out of the water! So if you are taking the time to read my stuff, I want you to benefit from the content creators who are really head and shoulders above the rest.
Create a media presence
Let’s say you aren’t about the headache of creating a whole website. That doesn’t mean you can’t let people know about your talents. If you pet sit, how about starting an Instagram account for your business? Posting pictures of you doing fun and cute things with your pet (or perhaps a borrowed pet) will help your friends and family, and even people outside your circle associate you with pets and keep you top of mind when people once again need dog walkers and pet sitters.
Learn a new social media platform and create a presence
I am NOT a Pinterest girl. But as Marie Forleo says, “Everything is figureoutable!” So I’ve been trying it, and I have to say, it is a bit addictive to see my stats update and trend upwards.
If you have an online presence, but it’s not getting you the traction you want, why not use this time to try out a platform you don’t normally use? Here’s the trick: Don’t try it a week and then give up. Commit to using it every day for at least 2 months. See what happens. Every platform has different algorithms and it takes time to figure out what works and what doesn’t in each different situation.
Build a mailing list…
So you have a website, but you don’t really have an email list, or you have a list, but it is not something you really engage with. Now is the perfect time to change that.
If your website isn’t set up to collect email addresses, you are letting potential customers just slip away. I was terrified by the idea of setting up a mailing list. But again, with the help of the FREE 5 Day Website Challenge, I did it. THEN, I tackled switching providers. I won’t say it went without a hitch, but I will say that I have an actual email list now.
…And use it to create a ‘know, like, trust’ relationship with potential customers
If you already have a list, but you have kind of neglected it, this is the time to turn that list into a real asset for your business. Potential customers are more likely to buy from you if you 1) have a product or service that will solve a problem for them 2) they feel good doing business with you.
As a business owner, this is a great time to provide real value to your customers for free so that they begin you see you as a trustworthy expert in the field. Give some thought to what frustrations or challenges your customers might be wrestling with right now, and provide free resources (to the extent you can) to help them cope. Chances are good, they will remember you the next time they are dealing with a similar issue.
This brings us to our next point.
Create and send valuable content
What does your customer need to cope with this crisis?
If they are a teacher, they probably need someone to cut through the million and one offers they are getting right now and help them figure out what online teaching aids are really worth investing their time and energy into and which are so-so.
If you provide pool service, perhaps they are trying to figure out how to maintain their pool on their own right now without access to their normal pool maintenance technician OR how to manage it on their own long term if their finances have changed.
If they are a parent, they probably need some assurance that they are not alone and that everyone is struggling.
My readers are probably a bit stressed about money, so this is the perfect time for me to promote my free 5 Day Free Money Challenge.
Figure out what you can provide to your ideal client that will massively improve their life at this point, and share it with them. And don’t underestimate your ability to do this. The people on your list are there for a reason. They have some need or desire for what you offer. If you can figure out what they need and how to help right now, you may have a customer for life.
Upgrade your business
In Steven Covey’s famous book, The 7 Habits of Highly Effective People, the 7th habit is “Sharpen the Saw.” In other words, invest in yourself and constantly improve your mental, physical, and spiritual health. Don’t allow yourself to neglect things that are truly important in favor of actions that seem urgent, but don’t move you forward. Here are 4 ways you can use this time productively to sharpen the saw by investing time in business systems and improvements that really are important, but might be pushed aside during more hectic days.
Free online trainings (or paid ones)
There is an amazing variety of online professional development trainings available that will allow you to add to your business skills. Today, you can find both free and paid courses on accounting, coding, marketing, creating online courses, running webinars, and about a thousand other topics that may apply to your specific niche. While you don’t want to waste time or money on a fluff course, reviews make it easier to find the courses that really deliver and the ones that are mediocre, at best.
One thing is for sure: When the economy starts up again, the competition is going to be fierce. Stratigic skills you develop now will give you more options and more credibility with potential customers and clients.
Set up tracking and accounting systems
Blec! Blec! Blec! Yeah, I don’t like accounting either. At. All. But as a small business owner who does her own books, I have to cope with them. So I’m investing a bit of time during these weeks to revamp my budgeting spreadsheets, run through my subscription services to see which ones I really use, and set up systems that will help me stay on track during this coming year.
It doesn’t have to be a weeks-long torture session. Just a few hours a week (with a nice reward at the end – I’m looking at you, Lemon Gelato!) can make a huge difference! Come on and join in the fun. Please? Misery loves company, after all!
Front load the work
Are there tasks you can do to get ahead or to give yourself a cushion in case something comes up and you can’t keep to your normal schedule? As teachers, we often have a folder of “emergency sub plans” just in case we wake up too sick to make plans or have some kind of accident that keeps us from sending work in. They are not the perfect, optimal plans. They are the “just got to get through this” plans.
Your business needs that kind of emergency plan, too. But we are often too busy to just sit down and do it. Have a blog? Write some extra blog posts? Teach private lessons in person or online? Create props or videos for upcoming lessons. Order books, or just pick them and put them in the shopping cart for later. Do you clean houses? Inventory your cleaning supplies, especially the ones you don’t use often so you know what you need and what you have an over supply of.
Figure out 2-3 little things that will make your life easier when it gets hectic again, and focus on those.
Build strategic partnerships
This is a great time to build connections with people who provide different services to a similar clientele. If you teach art classes to preschoolers, you could offer area preschools a video of 5 at-home art projects they can share with their families (who might be struggling mightily to keep those kiddos entertained). If you are a photographer, you could contact local florists or DJs and offer to write a blog post for them about how to pick the perfect wedding photographer or wedding shots you don’t want to miss. They may be willing to return the favor. That’s what we call a win-win.
The point is to think about other businesses, blogs, or individuals whose clients would also benefit from your services, but aren’t your competitors and use that connection to enhance both businesses.
There you have it. So whether you are totally into tackling the entire list, or just counting it a victory to make it out of bed in the morning, I believe in you. Remember, you’ve got this.
If you’ve been reading my blog for long, you know the story that really got me started thinking about financial independence for teachers. My best friend’s infant son had a health issue that caused him to ‘seem’ sick based on the criteria of his daycare. He wasn’t sick, and he had a note from the doctor to attest to the fact that his body just worked a little different from the norm. However, the daycare didn’t seem to care. Consequently my friend was getting 1-2 calls a week to come pick him up within an hour. Not an ideal situation for a busy high school English teacher.
I saw how stressed she was. I saw how she felt like she was failing both at work and as a mom. And I decided right then that I had to do something so that I could choose not to teach if I needed to. I needed to put myself in a position where teaching was a lifestyle choice not a financial requirement.
Taking action
I watched my expenses, increased my income, and stashed the extra away. I’ll skip the gory details – ok, they weren’t that gory, but they could be boring, so we’ll cut to the chase. Let’s just say that put me in a position fairly early in life to choose whether I wanted to teach or not. At four different points in my life, I’ve been able to step out of the workforce for various reasons. And each time, I’ve gone back to a job I liked even better than the one I left. Even better, each time I have returned to teaching with more energy, more joy, and more enthusiasm than ever. My breaks from teaching have made me a better teacher.
But I would not have been able to check out and check back in if it weren’t for the fact that I didn’t need my teaching paycheck. And as I watch what is going on in education, I desperately want every educator to be able to make the choice of whether to continue teaching or not, especially today.
So why is financial freedom for teachers more important now that it ever was before?
Reason #1: Mental health
The pressures put on classroom teachers by administration, parents, and society in general are taking a huge toll on teachers’ mental health. According to a 2017 survey of 5000 American teachers conducted by the AFT, 58% of teachers polled indicated that at some point in the previous 30 days their mental heath was “not good.” (By comparison, just 2 years earlier, only 34% had responded similarly.) In personal experience, I have been amazed by the number of teachers who have told me they were on anti-depressants because of the pressures of teaching.
Look, we all want to be there for “our kids.” But at some points in time, you have to prioritize your own mental health. And let’s face facts, our students really deserve to have teachers who aren’t stressed and depressed. Just as importantly, we deserve to have professional lives that don’t require an anti-depressant to cope with the stress of our jobs.
Reason #2: Transition and uncertainty
Education is in transition right now. In some states, there are movements to privatize public schools. In most states, a teacher’s and a school’s value is based heavily on standardized test scores. And with the impact of the global pandemic on education, who knows when classroom teaching will return to ‘normal’ whatever that is. Even teachers who would never choose to leave the field of education might not have that choice. And if a teacher who loves teaching with every fiber of her being is pushed out of the classroom, the last thing she needs to be worried about is money.
Reason #3: Force for Good
In my most recent job, I was touched by an angel. No, not the Hallmark-esque 90’s TV show. A former teacher who made my classroom a lot more like heaven. Marla Tasch was a former classroom teacher who volunteered in my English as a New Language classroom 2-3 days a week. It was the best thing ever! You know how you sometimes wish you could clone yourself because there is Just. Too. Much. To. Do. Well, having Marla in my classroom was like having that often-wished-for clone. She still wanted to work with kids, and she had the skills and empathy to do so. But she didn’t need the paycheck. So she made my life better, made the kids’ lives SO much better, and I think we made her life better, too. Best of all – get this – she didn’t have to grade papers! Sounds to me like everyone lucked out.
But seriously, she was able to hold onto the parts of teaching she enjoyed and let go of the ones she didn’t. What kind of impact could we have on education if we had an army of Marlas? What if all those people who were leaving education to go into some other field, instead just hung around and helped out all the teachers who are still in the trenches? It would be a revolution in education.
Reason #4: The tough stuff
Strikes. There I said it. Across the nation teachers have gone on strike these past few years, not just for themselves, but for their students, as well. Kids deserve small class sizes; they deserve competent school counselors, nurses, and other support staff; they deserve specials like music, art, and PE. But if we teachers don’t stand up for them – and stand up STRONG – they often don’t get those things. Financial freedom means that if – God forbid – your school decides that a strike is the best way to stand up for teachers and students, you won’t be wondering what those days of lost pay are going to do to your family.
And then there is doing what is best for kids. I was once put in a situation where I had to speak up about some very popular and powerful people who were harassing students. Make no mistake, I would have done it no matter what. But it was super stressful, and I’m glad that the “How will I pay my bills if they make up a reason to fire me?” wasn’t part of the mental calculus I was doing.
But aren’t teachers above all that money stuff?
As teachers, we are often kind of told that we shouldn’t think about money. After all, teaching is a calling. And when you are doing something so noble, you shouldn’t even think about money, much less about having more than you need to pay for the bare necessities, right? Isn’t financial independence for teachers just selfish?
Hogwash! (Sorry, that’s the country girl coming out in me.) Being paid like the professionals we are, having extra money for things that just make us happy, and even financial freedom – these things can ease the worry and actually make us better teachers.
So if you are ready to learn more about financial freedom and how to make it happen for you – whether you want to quit teaching as soon as possible or never in a million years – read on. This blog is for you.
