Moonlighting?

[BondGirl]

Do you do something on the side to make extra $$$?

[BondGirl]

I meant, "I do something light" ... can't figure out how to edit poll options

[DW Simpson]

Originally Posted by BondGirlJAS

Do you do something on the side to make extra $$$?

http://www.actuarialoutpost.com/actu...&postcount=126

I used to teach test prep classes, but not for the money. My fiancee was the center manager, and I did it to cover classes when she couldn't find a teacher.

Once I'm done with exams, I may do it again. I really enjoyed it.

[BondGirl]

Have any associates/fellows considered investing in real estate, buying an apartment complex and renting it out, or franchising a burger king, etc. to make extra money? Or is it better just to put it in mutual funds or something like that?

[BondGirl]

Thanks for the link D.W.Simpson!

[1695814]

family is like a 2nd job & studying is like a 3rd. I don't think I could fit a 4th in there.

[Simply Brilliant]

Originally Posted by BondGirlJAS

Have any associates/fellows considered investing in real estate, buying an apartment complex and renting it out, or franchising a burger king, etc. to make extra money? Or is it better just to put it in mutual funds or something like that?

I know a few fellows that have done the apartment/house(landlord) thing. I don't know to many actuaries that have the finances to do the franchising thing of BK or MCD, I think you have to have 400k of liquid assets, in addition to assets valued at 1.5m to do that (not including the investment).

[Maine-iac]

Originally Posted by BondGirlJAS

Have any associates/fellows considered investing in real estate, buying an apartment complex and renting it out, or franchising a burger king, etc. to make extra money? Or is it better just to put it in mutual funds or something like that?

It's a personal thing. For me, my time is WAY more valuable than any money I might make in a side business. Investments fit the bill nicely.

[ReserveRage]

Note that at least several years ago, some consulting companies made you sign a contract stating that you would not engage in any moonlighting. I don't believe they made any distinction either between something innocuous like a nighttime bartender and something that could be client sensitive.