LOOK BEYOND YOUR PAYCHECK Linda Whiteman, a personal finance teacher at Outschool, an online learning platform for kids, teaches her students to think entrepreneurially. After all, she tells them, most millionaires are business owners. “You don’t have to work for someone,” she says. She asks her students to consider what they can teach others, whether offering piano lessons online or creating digital art. Pursuing additional income streams outside of a paycheck can help grow wealth, she adds. Jean-Baptiste found success doing exactly that: She used her experience as a teacher to create and sell lesson plans online. “I was bringing in $10,000 a year that I could put toward debt,” she says. Her lesson plans eventually turned into the financial literacy business that she operates today. Earning additional income outside of a paycheck, she says, “can be a game-changer”— financial wisdom that applies at any age.
This article Financial Tips for New College Grads was originally published on NerdWallet on June 8, 2023.
KIMBERLY PALMER is a writer at NerdWallet.
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