Latest news with #CareerNomad
Yahoo
19-05-2025
- Business
- Yahoo
5 Local Side Hustles You Never Considered (And Can Start Today)
Looking for some extra cash? The bad news is you will have to work for it. The good news is that you can find some untraditional ways to generate some additional income in your neighborhood, city or local community, as well as start them right away. Learn More: Find Out: Here are five local side hustles you never considered and can start today. According to Patrice Williams-Lindo, the CEO of Career Nomad, one of the best under-the-radar gigs for professionals with flexible time is mobile notary services. This is a job that requires person-to-person interaction and the ability to travel, but also isn't going away any time soon. 'After a quick certification, you can earn $15-$75 per notarization–higher if you specialize in real estate closings,' explained Williams-Londo, adding that a bonus perk is that the mobile notary business scales with your network. Business coach and founder of Unpause Your Dreams, Charlene Ridley, described how any owner operated or single operator businesses without the skills or time to create meaningful content can hire someone to generate it for them. 'Side hustlers can offer content creation services and provide short form video to increase market visibility, create interest, and help develop/manage the businesses online brand,' noted Ridley. Ridley pointed out that there is huge potential to scale up and tailor this side hustle by starting around 2-3 hours per week and going up to 5-8 hours each month depending on the client, with the low end of earnings starting around $80 per hour and going up to a range of $400-640 depending on the clients' hourly billing budget. Everyone has pictures and most people do not know where they are or how to find them. This could be tangible photographs in a box or digital ones shaved on a hard drive. Either way, YouTuber Tim Richard highlighted that it's one of the best side gigs to do in your area. One example Richard pointed to was a woman who started organizing her own photos, then friends and neighbors, until word of mouth had her charging between $200 to $1,500 per project. The time commitment is very low at 10-20 hours a week, with no high pressure turnaround to complete a job. Between working full time, taking care of kids, and having a social life, people tend to forget they need to manage the place where they live: home. That's where a house manager can come to their rescue and make some extra income on the side. 'House managers have an opportunity not to serve as task masters (that's what task rabbit is for) but instead as trusted partners that keep the household running,' Ridley commented. Ridley outlined that the range of services offered could include: home maintenance, calendar management, meal planning, grocery ordering, and anything else the home requires to function. House managers can start charging around $35 an hour and book about 2 hours a week. Depending on the arrangement, those numbers could increase to 16-20 hours per month and bring in $560-700 per client. Do you enjoy cooking and serving up delicious food, yet have no desire to be in a professional kitchen or deal with the stress of running your own restaurant? Try preparing specific meals for others right from your own home. 'Whether it's vegan soul food in Atlanta or paleo fusion in Portland, there's high demand for home-cooked meals aligned to lifestyle,' described Williams-Lindo. 'Licensed cottage cooks can charge $12-$20 per meal and serve 20-30 clients weekly with local pickup or delivery.' More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 8 Items To Stock Up on Now in Case of Tariff-Induced Product Shortages 8 Common Mistakes Retirees Make With Their Social Security Checks 10 Cars That Outlast the Average Vehicle Sources: Patrice Williams-Lindo, the CEO of Career Nomad Unpause Your Dreams, Charlene Ridley YouTube, Tim Richard, '7 Untapped Local Side Hustles You Can Start Today' This article originally appeared on 5 Local Side Hustles You Never Considered (And Can Start Today)
Yahoo
19-05-2025
- Business
- Yahoo
5 Local Side Hustles You Never Considered (And Can Start Today)
Looking for some extra cash? The bad news is you will have to work for it. The good news is that you can find some untraditional ways to generate some additional income in your neighborhood, city or local community, as well as start them right away. Learn More: Find Out: Here are five local side hustles you never considered and can start today. According to Patrice Williams-Lindo, the CEO of Career Nomad, one of the best under-the-radar gigs for professionals with flexible time is mobile notary services. This is a job that requires person-to-person interaction and the ability to travel, but also isn't going away any time soon. 'After a quick certification, you can earn $15-$75 per notarization–higher if you specialize in real estate closings,' explained Williams-Londo, adding that a bonus perk is that the mobile notary business scales with your network. Business coach and founder of Unpause Your Dreams, Charlene Ridley, described how any owner operated or single operator businesses without the skills or time to create meaningful content can hire someone to generate it for them. 'Side hustlers can offer content creation services and provide short form video to increase market visibility, create interest, and help develop/manage the businesses online brand,' noted Ridley. Ridley pointed out that there is huge potential to scale up and tailor this side hustle by starting around 2-3 hours per week and going up to 5-8 hours each month depending on the client, with the low end of earnings starting around $80 per hour and going up to a range of $400-640 depending on the clients' hourly billing budget. Everyone has pictures and most people do not know where they are or how to find them. This could be tangible photographs in a box or digital ones shaved on a hard drive. Either way, YouTuber Tim Richard highlighted that it's one of the best side gigs to do in your area. One example Richard pointed to was a woman who started organizing her own photos, then friends and neighbors, until word of mouth had her charging between $200 to $1,500 per project. The time commitment is very low at 10-20 hours a week, with no high pressure turnaround to complete a job. Between working full time, taking care of kids, and having a social life, people tend to forget they need to manage the place where they live: home. That's where a house manager can come to their rescue and make some extra income on the side. 'House managers have an opportunity not to serve as task masters (that's what task rabbit is for) but instead as trusted partners that keep the household running,' Ridley commented. Ridley outlined that the range of services offered could include: home maintenance, calendar management, meal planning, grocery ordering, and anything else the home requires to function. House managers can start charging around $35 an hour and book about 2 hours a week. Depending on the arrangement, those numbers could increase to 16-20 hours per month and bring in $560-700 per client. Do you enjoy cooking and serving up delicious food, yet have no desire to be in a professional kitchen or deal with the stress of running your own restaurant? Try preparing specific meals for others right from your own home. 'Whether it's vegan soul food in Atlanta or paleo fusion in Portland, there's high demand for home-cooked meals aligned to lifestyle,' described Williams-Lindo. 'Licensed cottage cooks can charge $12-$20 per meal and serve 20-30 clients weekly with local pickup or delivery.' More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 8 Items To Stock Up on Now in Case of Tariff-Induced Product Shortages 10 Genius Things Warren Buffett Says To Do With Your Money 5 Types of Vehicles Retirees Should Stay Away From Buying Sources: Patrice Williams-Lindo, the CEO of Career Nomad Unpause Your Dreams, Charlene Ridley YouTube, Tim Richard, '7 Untapped Local Side Hustles You Can Start Today' This article originally appeared on 5 Local Side Hustles You Never Considered (And Can Start Today)
Yahoo
21-04-2025
- Business
- Yahoo
This 1 Salary Mistake Can Cost You Thousands Over Your Career — And You've Probably Made It
According to the 2025 Salary Negotiation and Expectations Survey released by Resume Genius, 55% of employees didn't negotiate their salary when starting a new job. This is the biggest salary mistake that you can make, because you're leaving thousands of dollars on the table, especially considering that 78% of new hires received a better offer when they negotiated their starting salary. The report also noted that 51% of men negotiated their salary and only 39% of women did, with women being 31% less likely to ask for a higher pay rate. Try This: Read Next: Here's a look at how much this top salary mistake can cost you over your career, so you can avoid being part of the 57% of employees who admitted to regretting how they handled their negotiation when starting their jobs. Eva Chan, a career expert from Resume Genius, noted that not negotiating your salary can have a profound and lasting impact on your lifetime earnings. She said a single negotiation at the outset of a career can yield an additional $605,000 in total earnings. Here's the specific scenario that Chan used as an example: 'Suppose someone begins their career at age 22 with a starting salary of $50,000. Assuming they receive annual raises of 4% and work until the traditional retirement age of 67, their lifetime earnings would total approximately $6.05 million. 'Now consider what happens if that same individual negotiates just a 10% increase to their starting salary — raising it from $50,000 to $55,000. That seemingly modest bump doesn't just increase their first year's pay. Because future raises are typically calculated as a percentage of current salary, a higher base compounds over time.' The conclusion is that across the same 45-year career, this person who negotiated would earn roughly $6.66 million, an extra $605,000. Consider This: 'Not negotiating your salary can cost you over $1 million in lifetime earnings,' said Patrice Williams-Lindo, a career strategist and CEO of Career Nomad. 'Raises, bonuses, severance — everything is tied to that first number. When you don't speak up, you're not just leaving money on the table — you're locking yourself out of wealth you've already earned.' The amount you lose out on will depend on the industry you work in and the starting salary you could've negotiated, which can be challenging to determine. However, research from Business Insider in 2017 pointed out that you could lose out on up to a million dollars throughout your career by not negotiating your starting salary and subsequent pay raises. 'Many companies base future raises, bonuses and promotions on your starting salary,' said Alari Aho, HR and talent acquisition expert and CEO of Toggl Hire. 'If you accept a lower number, that becomes your baseline, and each percentage increase moving forward is based on that lower starting point.' Even a $5,000 gap at the start of your career can become a significant loss when you consider that it will be compounded over decades of raises and promotions. If you're concerned about negotiating your salary, the experts have shared a few additional insights so that you can feel more confident in your job hunt. Here's the truth about asking for a higher salary. 'Employers often expect candidates to negotiate and leave room in their offers to accommodate that,' said Chan. 'Declining to do so typically means accepting less than what might have been possible, and that decision has consequences that extend far beyond year one.' While it may feel intimidating to ask for more money when you're desperately trying to find a job, you have to remember that employers expect this and that you're not doing anything wrong. The worst case scenario may be that your request is declined, but it's always worth at least asking what you're worth based on industry standards. Aho stressed that not negotiating can also impact how you're perceived professionally. He said, 'Hiring managers expect candidates to negotiate. When done respectfully, it shows confidence, self-awareness and an understanding of your value — all traits employers respect.' Negotiating your starting salary can also determine your career trajectory, as you're showing that you understand your value. Aho stressed that it's always worth asking for a higher salary, even if you just do so to confirm that the offer is the best that they can offer you at this time. Even small wins, like flexible work hours and a signing bonus, can make a big difference over time. 'Being excellent at your job doesn't protect you from being underpaid,' said Williams-Lindo. 'I work with high-achievers who've led million-dollar projects and still accepted lowball offers because they thought the work would speak for itself.' If you don't negotiate your salary at the beginning, it can be more challenging to do so in the future. While you may rely on the quality of your work, you have to remember that you can become undervalued by not negotiating from the beginning. Chan concluded, 'You're not being aggressive or difficult, but you should see negotiating as understanding your value and ensuring that your compensation reflects it — not just today, but over the course of your entire professional life.' More From GOBankingRates 5 Luxury Cars That Will Have Massive Price Drops in Spring 2025 4 Things You Should Do if You Want To Retire Early 4 Affordable Car Brands You Won't Regret Buying in 2025 5 Types of Vehicles Retirees Should Stay Away From Buying This article originally appeared on This 1 Salary Mistake Can Cost You Thousands Over Your Career — And You've Probably Made It Sign in to access your portfolio
Yahoo
07-04-2025
- Business
- Yahoo
5 Common Paycheck Mistakes To Avoid When You're Switching Jobs
Starting a new job? You might want to make sure that everything is lined up to get your paycheck ready, which could require connecting some information and transferring some data from your last employer to your current one. If not, you could put yourself in jeopardy of hitting some payroll errors that could potentially be costly. Read More: Consider This: Here are five common paycheck mistakes to avoid when you're switching jobs. One of the biggest and most expensive mistakes you can make on your paycheck is assuming your last paycheck includes all owed compensation from your previous workplace. 'Bonuses, unused PTO and final commissions often fall through the cracks if you don't advocate for them upfront,' advised Patrice Williams-Lindo, the CEO of Career Nomad. Krusha Sahjwani Malkani, the director of Sociabble's Asia operations, suggested that everyone 'check if your new job offers a similar benefits package or has a waiting period before the benefits kick in. Many employees fail to check their potential loss of vacation or sick leave, and this leads to financial loss.' Explore More: According to Williams-Lindo, forgetting to verify the new pay cycle is something that happens frequently when employees transition from one employer to another. 'Many new hires go weeks without a paycheck due to different payroll schedules and are caught financially off guard,' Williams-Lindo described. Sahjwani Malkani agreed, noting that 'Every company has a different payroll schedule. Make sure to learn about your new pay cycle in the beginning to ensure there are no gaps in income. This proactiveness will help you plan your cash flow and avoid any financial strain during the transition.' Leaving retirement contributions or equity on the table is another mistake that Williams-Lindo tends to see when someone changes up jobs or where they work. Williams-Lindo explained that '[n]ot understanding vesting timelines or forgetting to roll over a 401(k) can be costly and create long-term financial setbacks.' According to Sahjwani Malkani, many people forget to claim expenses like relocation reimbursements or signing bonuses if they are not clearly briefed during the transition from job to job. 'Make notes of these items and follow up on them if your new employer is offering such benefits,' advised Sahjwani Malkani. Skipping a W-4 review or benefits re-enrollment can wreak havoc on paychecks, which is why Williams-Lindo urged employees switching between employers to take the time to review these details of their paycheck carefully. 'Changes in your withholding status or healthcare coverage can wreak havoc if not reviewed right away,' added Williams-Lindo. While your former employer and new one might be taking all the necessary steps to make a smooth transfer of payment to you, mistakes can happen and it's up to you to make sure all of the numbers add up. Williams-Lindo stressed the importance of owning your value and navigating compensation conversations with confidence, which ultimately starts with you understanding how your paycheck works. More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying How Much Money Is Needed To Be Considered Middle Class in Every State? 4 Things You Should Do if You Want To Retire Early 4 Affordable Car Brands You Won't Regret Buying in 2025 This article originally appeared on 5 Common Paycheck Mistakes To Avoid When You're Switching Jobs Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
6 Key Signs Job Hopping Will Hurt Your Finances
There are lots of reasons why people change jobs multiple times, from moving to career pivots to seeking advancement. While not all job hopping is a bad idea, too much of it can start to hurt your finances, depending on how you go about it. Find Out: Read Next: While some people may have the benefit of a partner's income, consulting income or solid savings, be sure you know the consequences of changing jobs before you do it too frequently. Here are six key signs that job hopping will hurt your finances. According to Patrice Williams-Lindo, career strategist, workplace culture expert and CEO of Career Nomad, frequent work transitions can lead to missing out on valuable benefits such as: 401(k) vesting schedules Annual bonuses Healthcare coverage gaps While not everyone is motivated by traditional benefits, especially if you're in career pivot mode, launching side businesses or investing in flexibility and well-being, Williams-Lindo said you should just make sure you've got a plan to self-fund what you're walking away from. This could include opening a high-yield savings account, a solo Roth IRA and/or getting on an affordable healthcare plan. Learn More: While job hopping to find the right fit can make sense, be warned that 'when your résumé reads like a revolving door with no through-line or upward mobility, that's when the red flags go up for recruiters,' Williams-Lindo said. However, if your moves make sense, show advancement or are tied to life or values pivots (like caregiving, health or building a business), you can still maintain leverage in the job market, she suggested. Inconsistent employment can make things tricky if you want to take out loans, especially with traditional lenders who want to see two years of stable income in a similar field, Williams-Lindo said. However, this is also changing, especially for entrepreneurs, gig workers and consultants. What matters most is having the following: Documented income (W-2s, 1099s, bank statements) Good credit Proof of financial responsibility There are some other possible financial downsides of job hopping too quickly, Williams-Lindo said, including: Sign-on bonuses that must be repaid if you leave before a certain date Higher tax bills if you have multiple W-2s or untaxed contractor income Delayed health benefits that leave you vulnerable Missed vesting on equity or profit-sharing plans The biggest financial risk people face when they switch jobs frequently is they do not build a long-term career path that reflects someone who is reliable and loyal, according to Steven Lowell, career coach and reverse recruiter at Find My Profession. 'If a company sees that you will only stick around for a cup of coffee to get one project done, they see no reason to invest in your professional development or trust you with a greater scope of responsibility that will lead to higher pay,' he said. The other risk people face by job hopping is not getting paid salary increases to keep up with inflation, Lowell pointed out. If companies see you've changed jobs numerous times, they may not think you have the skills or seniority to warrant a higher salary. 'They will be unable to get a significant pay increase that will allow them to save money, build credit, or buy a home,' Lowell said. Job hopping can be strategic, but only if it's aligned with your goals, values and financial readiness. More From GOBankingRates4 Things You Should Do if You Want To Retire Early 12 SUVs With the Most Reliable Engines 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 6 Key Signs Job Hopping Will Hurt Your Finances
