How can professors make extra money

And you have to do it of free will, because no one is going to stand over your shoulder and encourage you to keep going. Something has to be inside of you to keep going the extra mile as a side hustle marketer or side hustle blogger.

This line of work can potentially make anyone a millionaire. Long story short…the side hustle is what you make of it. If you coach to make money there are more effective ways. Coaching at the highschool level usually means making less than minimum wage. I love it, but the money is pennies compared to what you have to put in. Still fun though and he enjoys building lesson plans to sell. Coaching and summer school teaching are what our teacher-friends do throughout the year and during the summer to earn extra money.

When I was in education, I side hustled by working at Old Navy. Finally, I had a science teacher in middle school who did roofing in the summer. In the middle of the Phoenix, AZ summer. He was a tough man, and a wonderful teacher! Mary, Anyway I can contact you for some help with this? I teach 8th grade intro to engineering. Metal recycling, buying abandoned storage lockers at auction and selling what I find on eBay, Amazon, Craigslist, Facebook Sale groups, and Yard Sales, refereeing youth sports just finished football season and 85 flag football games!

I am blessed and grateful to be able to hustle and grind to do good things for my family and my finances and thank you for letting me share my side hustles! Hi Nick, I run a FB page for homeschoolers as well as a new page for side hustlers. Thanks so much for this great list of ideas and resources—I will share it on both of those pages.

I could definitely see blogging as being a huge boon for teachers, at least ones that teach elementary kids. Pinterest will love you! The classes are fun to teach. Occasionally, I use my writing skills and write articles on textbroker. Any little bit helps the monthly budget! My extreme goal is to double or triple my teaching salary and then I can make my side-hustle my only hustle. Airbnb is on my list as well. I think once I pay off some credit cards, that will be my next endeavor!

Any experience with respondent? Will be signing up today but just want to hear some feedback from your readers Nick. Thanks to all the people that chimed in, you truly inspire me. Does anyone have a referral code? Hey there! Is there anyone who has tried the voice over work? I am curious as to how it actually works, and if you have found it to be beneficial.

Hi Sandi, I am a former private teacher. I have been teaching ESL from the comfort of my home and pajamas for almost two years. Can you email me please Sandi, I would like to ask a question.

RositaLJ gmail. This year we are teaching 50 workshops. Libraries hire us primarily in the summer and during vacation weeks which is perfect for teachers!

The best part is — the kids who attend want to be there, so they are a joy to teach. We blog about it at popupartschool. Teaching Court Mandated Classes is the best! I make 6 figures doing it. I highly recommend this if you are a teacher. Fireworks Tent operator is an excellent side gig for teachers.

Typically, the sale only last days and you profit several thousand dollars. The fireworks company will typically provide the location, tent, fireworks, and permits. You supply the staff. Great list! Driving for dollars was interesting, but it took a ton of time. That, and we did mailers as well, which cost a ton. My recommendation for people would be an Amazon FBA business.

Wholesale on Amazon is essentially setting up a tiny little retail shop online. You buy from other brands who are already successful. Your only job is getting the inventory to the fulfillment center, and keeping your pricing competitive. You can start with a few hundred bucks and keep flipping.

Worst case, if you start out with a bad buy, you lose a couple hundred bucks at the start as a learning experience, and you just keep getting better. This post may contain affiliate links.

Please read my disclosure for more info. Table of Contents show. Tutoring 2. How do university professors earn money beyond their salary? Ask Question. Asked 3 months ago. Active 3 months ago. Viewed times. Forming their own consultancy firms or doing freelance consultancy for external entities. Am I correct? What other viable sources do they have for earning money? Improve this question. Ben 35k 5 5 gold badges 81 81 silver badges bronze badges. At least in Europe, I believe the answer is: The vast majority doesn't in any non-negliable way.

The question in section 1 makes it sound like professors get grant money and then dole some of it out. At least in the US, institutions get grant money directly, on behalf of professors, and then use that money to pay part of the professor's salary.

The professor doesn't keep any other portion of the money personally, just their salary. Some positions are paid on a "9 month" basis and grants may allow for a full "12 month" salary, but that's it.

I'm with DanRomik on this one. If I put into an NSF grant one summer month of salary for myself and 12 months of funding for a graduate student, then the student still gets substantially more than I do.

It's not like I can choose how much of it I give to myself and how much to the student. The statement is just insulting. The allocation of grant money is specified by the budget that is part of the grant proposal. That budget must be approved first by the university administration before the proposal can be submitted. Then the NSF can fund the grant as proposed, can reject it, or can partially fund it.

In the last case, it gives guidelines for how the budget is to be adjusted, and ultimately the new, reduced budget must be approved by the university and the NSF. Continuation of previous comment: Any later changes in the budget require NSF approval, but for some minor changes the NSF delegates that authority to university administrators. As far as I know, increasing the budget line for the PI's salary is the most difficult usually impossible change to get approved.

Show 6 more comments. Active Oldest Votes. I feel a lot of the existing answers are rather US-based. Monetizing your research - more of a theoretical option for most people, but in principle my university claims no IPR intellectual property rights for any research we do. Hence, you are free to, for instance, patent some of your work and licence it to companies.

In my field computer science this is exceedingly rare I know nobody who has generated noteworthy money that way , but in other fields this may be a realistic option. Paid service - there are some "academic services" for which you get compensated.

Examples include reviewing for some grants or serving on external PhD or appointment committees. That said, the amount of money you are going to get this way will likely be at best a small bonus, not a real "income stream". Administrative posts - some higher academic posts say, department head and upwards come with an increased salary while you are serving.

However, you should not expect getting rich this way either, it's normally a rather small bonus to your standard salary, nothing that will substantially change your life situation. Improve this answer. Physicians will generally have a much higher debt from medical school to pay off though and thus can take years to catch up in net worth. Another career route for postdoctoral fellows is to pursue jobs in industry. Although I could not find a reliable way of searching for salaries in the private sector, it is understood that salaries in industry can be 1.

If you start comparing hourly wages, these differences can get magnified. While industries generally have fixed and rigid working hours, professors have complete freedom and flexibility. This freedom generally leads faculty to work much longer hours 50 to 60 hours per week to achieve the required productivity to be successful.

If you listen to the podcast from the intro of this article, it concludes that feeling rich is all about comparisons. Personally, I feel comfortable with my finances. In the end, to me, the independence of my job is especially important.