Jobs With Great Hours (and Great Income)
Sep 28, 2024Read time - 3 minutes / Disclaimer
Today I’m going to share a few jobs with great hours and great income.
Having a job with great hours offers many benefits like:
• Seeing family more.
• Sleeping in more.
• Working less.
Unfortunately, 40+ hour work weeks are considered normal.
There Is No Other Way
Most people think 40+ hour weeks is the only way to:
• Pay bills.
• Get ahead.
• Survive inflation.
Yet, many people work part-time and earn a full-time income.
True wealth is not:
— John | Millennial Wealth (@johnhenry0804) February 17, 2024
• Big yachts.
• Private planes.
• Red Lamborghinis.
True wealth is:
• Going on a hike at 9am on Wednesday.
• Seeing a movie at 12pm on Friday.
• Sleeping in any day you want.
I spent 6 years in Private Client Banking.
These clients are masters at working less.
Here's what many do (you can too):
Choosing a Job
Be picky when choosing a job.
It's hard to "work less" if you only get paid when "on the clock".
For example:
• Teachers
• Lawyers
• Doctors
All respectful jobs but— you trade time for money.
You're either on the clock making money.
Or you're off the clock not making money.
Pick a job where you still make money off the clock.
For example (none of these jobs require a degree):
Financial Advisors
Financial Advisors help manage other people's money.
Most are paid a fee each year regardless of the hours they work.
The fee is often based on how much money they help manage.
They might meet with a client 1 time per year.
Or they might meet with that same client once every 3 years.
The point is— their income isn't tied to working 40+ hour weeks.
Insurance Agents
Insurance Agents help protect your property and assets.
They help you set up an insurance policy.
Then they're paid each year when your policy renews.
They might talk to you once a year— or once every 5 years.
Either way, their commission from your policy continues year after year.
Entrepreneurs
Entrepreneurs help customers by providing products or services.
The creator economy is a popular option.
For example:
Dave is an expert mountain climber.
He decides to start sharing his activities on social media.
After building an audience of followers, he decides to create a digital product.
He records a 2-hour video on "How to Become an Expert Mountain Climber".
He then offers it for $99 to his 80,000 followers.
2% of them buy his course each year.
2% of 80,000 = 1,600 buyers
1,600 buyers x $99 =
$158,400 in annual income
Anyone can buy Dave's online course 24/7 without his help.
Long Term Value
Most jobs provide a cheap gift if you've been there for 5 or 10 years.
Not the above 3 jobs.
You're building something that increases in value over time.
After 5-10 years of being a Financial Advisor or Insurance Agent, you'll have many clients.
It's called your "book of business".
It has value.
In banking, I worked with several Financial Advisors and Insurance Agents.
Many sold their "book of business" for $500,000+.
Most had been in their jobs for 10+ years and were ready to move on.
Dave could also sell his small mountain climbing education biz if desired.
It too has long term value.
Conclusion
If the above careers don't interest you.
Consider jobs that have similar qualities.
These job types are usually relationship-based.
Meaning, you help the same person or group of people over and over again.
People wanting to work with you is extremely valuable.
You also have more control over your time.
That's all for today.
See you next week.
P.S.
If you've ever thought about starting your own little online biz. Try this: 7 Tips To Start Your Online Biz
