| Looking at your teacher pay cheque can | | | | teacher pay. Not only will this give you more |
| sometimes be discouraging when you notice how | | | | disposable cash each week, but this will allow you |
| much gets deducted from your teacher pay | | | | to lower your taxable income so that you can |
| every two weeks. Teachers lose thousands of | | | | bring home a good chunk of the money that you |
| dollars every year to taxes. Teachers who pay | | | | lost each pay cheque to taxes. |
| the most in teacher taxes are those who have | | | | The first thing to do is to do some research |
| been in teaching longest, who have reached the | | | | online into different business opportunities. You can |
| highest pay category. | | | | either partner up with existing opportunities or |
| Here is a scenario that you can use for | | | | create your own. The most important thing to |
| comparison. As a high-school teacher, I make | | | | note is that the business is in demand according |
| about fifty five thousand dollars a year, eight of | | | | to current trends, and that it is something that |
| which gets deducted off my teacher pay for | | | | you could become passionate about. Ultimately, |
| taxes. That brings me down to fourty-seven | | | | you are not going to work on something |
| thousand. Once I pay all my deductions for | | | | part-time from your teacher pay unless you |
| pension, health insurance, and long term disability, | | | | enjoy doing it, and unless the payout is worth it |
| there was not much left at the end of the day | | | | to you. |
| from each pay cheque to live the lavish lifestyle | | | | It is those of us teachers who get comfortable |
| that I dreamed of. | | | | with our current teacher pay that lose motivation |
| Many other teachers worry that they pay taxes | | | | to do anything else, even though we have the |
| off their teacher pay though out the entire year | | | | time to create an income on the side. It is |
| only to pay more when it comes to tax season. | | | | extremely important to get out of the comfort |
| As teachers we have all been through university, | | | | zone, if you are not 'ok' with losing thousands |
| and I'm going to make an assumption that we are | | | | each year to taxes from your teachers pay. The |
| all hard working. Why is it then that we are not | | | | key to success is to take immediate action; look |
| clever when it comes to safeguarding our teacher | | | | at what's out there, brainstorm some ideas, and |
| pay from the tax-man? | | | | then get to work. |
| If you don't want to lose out on thousands of | | | | Do not forget to click on the link in the resource |
| dollars each year to taxes, it is integral that you | | | | box below. You'll find a great free report that |
| start brainstorming ideas for how to build your | | | | details the mistakes I made as a teacher on a |
| own business of some sort on the side of your | | | | budget so you know what to avoid. |