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Best paying part time jobs

Date posted:  4/18/16 09:00:00 AM

Whether you are a student or young professional looking for extra cash to put toward your loans or a parent hoping to make some money to fund a family vacation, you want to make sure you invest your time in a part time job that will be more financially worthwhile.

While there are a number of different types of part-time jobs available, knowing which ones pay at the highest rate can help you decide where to concentrate your employment-seeking efforts. Your time is valuable, so finding a gig that pays well is important when striving to meet your financial goals.

Consider flexibility 
When you are searching for a part-time job, chances are you'll need something that offers flexible hours, noted Business Insider. Being able to work from home or request time off easily make managing work simpler.

However, if something seems too good to be true, it's important to recognize it right away.

"There are a lot of scams in work-from-home jobs, so college students should be aware of them and be cautious when searching," said Brie Reynolds, director of online content at FlexJobs, according to Business Insider.

Play up your skills 
Whether you are a talented writer, photographer or know two languages, you should use your abilities to find the most rewarding jobs you can do on the side. For example, Business Insider noted becoming a sign-language interpreter pays about $36.50 per hour and provides part-time flexibility. So, if you know sign-language, you might be eligible for this type of well- paid position. 

Some additional gigs that pay well and require a specific set of skills include: 

  • Bilingual legal assistant 
  • Freelance photographer 
  • Copywriter/copyeditor 
  • Online communications associate 
  • Social media expert 

If you know your skills and can find a position that allows flexibility, it is worthwhile to jump on the opportunity as it may pay good money for your talents and time. 

Focus on hourly wages 
Some part-time jobs typically pay more than others, U.S. News & World Report indicated, but they may also require extra training. Some of these high-paying positions with more flexibility include: 

  • Fitness instructor
  • Dental assistant 
  • Massage therapist 

While these salaries may tempt you to work toward these jobs, the money shouldn't be the only thing driving your decision when it comes to finding a gig to reach your savings goals.

Some part-time positions require additional schooling or certification. For example, a dental assistant is a great-paying job that offers flexibility. However, you must take additional classes to qualify for this position.

Consider a position that doesn't require you to dedicate more time to learning about the field or investing money in classes or certification. Working as a coach of a school's athletic team, security guard or bus driver can easily be worked into your schedule and get you more cash without extensive additional training.

Stay local when applying for a part-time position at any operation. Think about how close you will be to your home or other job. Time spent traveling to and from an additional gig can dig into the actual money you make while working. If you find you need to dedicate an hour or more on public transportation to get to the job, or you must spend money on gas or a taxi service, the pay will need to be higher. In some instances, the expenses you incur getting to and from your side job makes it no longer worthwhile.

Make sure you only take a job that offers convenience. While making money is the goal, you don't want to stretch yourself too thin.

Record your income
When you pick up a second job, you want to ensure your reported income is accurate. Record how much you make throughout the week not only to help yourself budget all incoming cash, but also to have a record to refer to when it's time to pay taxes.

If a business inaccurately reports your income, you can quickly identify that the information is incorrect and use your record as evidence for your claim. This is especially important if you decide to take on a job where you receive tips as part of your compensation.

Have a plan when you apply 
Getting a part-time job should not be taken lightly. Remember to prepare your résumé and be professional when you come in to interview. When you take the time to ensure you résumé best reflects your skills and ability, and you are on time and look the part, you can feel more confident in your ability to land the job. 

Having a little extra cash for your living needs or savings goals is always helpful. Taking on another job is a great way to improve your financial situation. However, you'll want to make sure you select something that works with your lifestyle and schedule. Consider your skills and what you want out of a second job before accepting an offer.