Second Salary for Teachers

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Second Salary for Teachers
You work hard at your job doing a wonderful task --
educating the future of our country and world.

Wouldn't it be wonderful if teachers were compensated like
star athletes?  After all, what is more important?
Teaching children or playing basketball in front of 20,000
people.  There certainly might be more entertainment value
in the basketball game but the real importance lies in the
classroom.

Do you know any teachers who would like to be independently
financially secure?  What if a teacher could teach because
he or she loved teaching, not in order to get a paycheck?
Think about the freedom it would give to be able to know
that all of your monthly bills were paid for every month,
whether you received your teaching paycheck or not.
Imagine not having to worry about whether the School Board
approved another pay raise or not.

Unfortunately, our financial educations are not as
developed as they might be.   Most of us go get a job to
work for many, many years and save money so that we will be
able to live on that money after we stop working.  Very few
of us though start saving a hundred dollars a month while
still in high school and increase it slightly as time went
on so that by 45, there was enough saved to actually live
on without having to work for a paycheck.

Do you know anyone who wants to own their own life?

Do you know anyone who would like to be able to retire in
one to three years from now without having to save
thousands of dollars every month?

Let's talk about retirement for a moment.  How much would
it take in savings to provide a monthly check of $5,000 per
month.  $5,000 per month is a gross salary of $60,000 per
year.

If a savings account were to pay 5% interest (and few are
near that today), one would have to have $1,200,000 in cash
in the savings account to take out that much money, just
taking the interest earned.  That money would have to be
accumulated in savings after you had paid your house note,
your car note, utilities, insurance, and all of your other
monthly expenses.  That necessity is a rather daunting
requirement while still trying to enjoy life.

Worse, salary income only comes from trading hours for
dollars.  If one cannot work, the income stops.  You are at
risk every day when you drive a car or do any of the many
life activities that we do every day.  While there is
insurance for disability, it does not provide the same
level of security that a second stream of income would
provide.

The potential is there to create a second income stream,
particularly with the talent that teachers have – how to
teach.  The key to that income is learning a system and
then being able to teach others how to follow the system
and teach others to do the same.


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Jim Montgomery is a business owner and law firm owner in
San Antonio, Texas. He helps people develop exit strategies
through their own business to get what they want from life.
For detailed free information, visit
http://howtostartabusinessfromhome.blogspot.com or email
him at jemmktg@mac.com.