One Job Enough?
vast majority of American wage and salary workers
today fall into the middle class. That means an
annual income of somewhere between $30,000 and
$50,000-before deductions for social security,
federal and state (and sometimes city) income
tax, Medicare, health insurance (if you're lucky
enough to be offered it), and a 401K plan. The
federal minimum wage is still stuck at an amazingly
low $5.15 per hour, providing half a million minimum-wage
workers with less than $12,000 a year.
One Way Out
Given these figures, it is not difficult to see
why one in 17 Americans, or about 7.5 million,
work two or more jobs. It's called "moonlighting."
Sounds romantic, doesn't it?
Minimum-wage earners moonlight
just so they can pay the rent and put food on
the table. Middle-income workers cite different
reasons, such as
- to attain a higher standard
- to pay off debt
- to save for a home
- to save for the future-their
children's education, their own retirement
Some moonlighters' extra jobs
are part-time, but others work two full-time jobs,
or three part-time jobs or some other combination.
Obviously, it can be pretty stressful. Moonlighters
don't see their families much, because they average
75 hours a week at work. It's an especially sad
situation for single parents.
According to an August, 2006, report on CNN Money.com,
"...most workers have not seen wage gains
keep pace with inflation during the current economic
expansion." And the New York Times reported
that while the median hourly wage for American
workers has declined 2% since 2003, while prices
have increased 4%. Prescription drug costs alone
have soared out of control: Americans pay the
highest prices in the world. Although corporate
profits keep climbing, their employees' shares
of those profits-in the form of increased wages-is
Meanwhile, the median price
of a home in the US is $208,000, shutting out
the possibility of homeownership for millions
of hardworking people. That leaves rentals, and
they too are going up in price. Added to the woes
of the middle class is the tendency to rely more
and more on credit, driving many into depths of
debt that seem inescapable.
If you're a average-income worker
still hoping to move up in your company, you may
want to keep in mind that in the past ten years,
there have been 9.7 million job cuts. You know
all about it-downsizing, outsourcing, not replacing
people who leave and expecting the ones left to
pick up the slack. Most of the time, you'll have
no clue that a layoff is about to happen. There's
always unemployment-but in most states it replaces
only about half of your lost income, and to make
matters worse, you'll have to pay income tax on
it come April 15th.
A Better Way
75 hours a week watching the minutes creep by
on a clock at work isn't appealing to anyone.
But what if you could work in the comfort of your
own home? Picture this: You have dinner with your
family, and then, while everyone is watching TV
or doing their homework, you're close by on your
laptop-making the extra money you need. You can
even take your job with you when you travel.
While this may sound "too
good to be true," the Internet has made it
possible for millions of people to supplement
their incomes and beat the economy at its own
game. You may need to put in as little as five
hours a week to replace the income you'd make
from a grueling 35 hours of moonlighting time
at some dead-end second job. And you can put those
hours in when and where you want to and deduct
many of your expenses on your income tax return.
You may become so successful at your "second"
job that you'll be able to ditch the first one
and work at home full time.
Before you even think about
taking a second job away from home, consider the
advantages of being your own boss...of being able
to go to bed at a reasonable hour...of not having
to deal with yet another boss and set of corporate
Do it for yourself.
A home-based business could
change your life. It costs nothing to explore
the possibility. Just fill in the form below for