Secondary Income

[nadeem_k]

Hi Guys,

I was just wondering how many people have a secondary income be it active or passive. I would be interested to know what it is and have you been able to see the rewards?

 

[Wyzak]

Yep, one needs to diversify.

 

[^^vampire^^]

I run a web business in my spare time. Passive income for hosting, active income on doing one off web developments etc.

It's gotten me and my better half to Zanzibar, Mozambique, Egypt, Mauritius, Zimbabwe, Zambia, Botswana and soon Thailand so I guess you can say I've seen some rewards

Also working on my next passive income project that's estimated to bring in R100k a month if all goes well. Will take a year or so for it to build the clientele but I have some good contacts to push the product (software ) so it's just a matter of time.

From there I will be working for my current job 3 or maybe 4 days a week to keep busy

 

[Picard]

Teachers earn a basic salary, yet we are prohibited from earning a secondary salary for it may affect our dedication and performance.

Any secondary income above a certain amount (I actually don't know the number but it would be quite easy to find out) would have to be declared and subjected to approval ... which I doubt it would.

So if I fix computers after hours and I make say R4000 a month extra I would probably have a problem with the department.

 

[nadeem_k]

Hosting? I would imagine that would mean massive capital outlay? 100k a month! Any chance of sharing... The idea that is

 

[Wyzak]

Teachers earn a basic salary, yet we are prohibited from earning a secondary salary for it may affect our dedication and performance.

Any secondary income above a certain amount (I actually don't know the number but it would be quite easy to find out) would have to be declared and subjected to approval ... which I doubt it would.

So if I fix computers after hours and I make say R4000 a month extra I would probably have a problem with the department.

I struggle to see how that can be legal. How is what you do in your off-time any business of them?

 

[Picard]

I struggle to see how that can be legal. How is what you do in your off-time any business of them?

My off-time is supposed to be spent marking books and planning lessons.

There ain't no time to do that during a normal day. Sport, cultural, remedial and administrative duties take care of the extra time we may have had to spend on academic enrichment.

Not to speak of personal enrichment.

No you know why teachers are so frustrated when people criticize us for having the same vacation time as children. If we could have the 2 months extra salary in exchange for the time off, some teachers might take it ... but I, as one of many, would not.

I'm not the world's most emotionally strong person, but there are many other colleagues who are emotional colossi in this regard, who would rather take the time off during the year instead of receiving a greater salary.

Some kids, especially at my school, can do that to you.

 

[Wyzak]

My off-time is supposed to be spent marking books and planning lessons.

And once you are done with those you are a slave to their every whim? What law makes it illegal for teachers to have a secondary income greater than 4kpm?

 

[midnightcaller]

Teachers earn a basic salary, yet we are prohibited from earning a secondary salary for it may affect our dedication and performance.

Any secondary income above a certain amount (I actually don't know the number but it would be quite easy to find out) would have to be declared and subjected to approval ... which I doubt it would.

So if I fix computers after hours and I make say R4000 a month extra I would probably have a problem with the department.

Off topic : I'm curious to know what the departments position is on teachers who offer after hours tuition to students in exchange for a fee.

On topic : nope. Full time job doesn't allow time for creating a secondary income. But definitely need it.

 

[SauRoNZA]

Teachers earn a basic salary, yet we are prohibited from earning a secondary salary for it may affect our dedication and performance.

Any secondary income above a certain amount (I actually don't know the number but it would be quite easy to find out) would have to be declared and subjected to approval ... which I doubt it would.

So if I fix computers after hours and I make say R4000 a month extra I would probably have a problem with the department.

And how would they know?

As was said above after school tuition is the way to go, then again all of those I knew were ex-teachers not active ones.

 

[Picard]

I colleague of mine's husband is a wealthy businessman. My colleague is also a director in the business. She invested some money in the business which earns her some of the profit.

But she was recently reported, maybe by a jealous colleague or maybe someone from a rival business (I don't know), to the department and she had a ****-storm to explain what her role was in the business. I never heard the ending but I suspect that she had to, either lessen her involvement with the business or distantiate herself entirely.

I stumbled upon this thread only just now so I haven't really had time to research all the questions yet. Give me some time and I will get back to you.

Pose some specific questions, and I will see what I can do.

 

[Mystic Twilight]

And how would they know?

As was said above after school tuition is the way to go, then again all of those I knew were ex-teachers not active ones.

Maybe a restraint of trade is in place? Or a conflict of interest clause. Politicians and tenders should be subjected to this .

All you extra income earners, did you declare your tax obligations for the gravy train

 

[SauRoNZA]

Maybe a restraint of trade is in place?

All you extra income earners, did you declare your tax obligations

In the case of being a teacher after hours that would make sense, but to say you can't do anything else becuase it might affect your performance is bollocks.

Anything can affect your performance. ****ing too much or watching too much TV even.

 

[Wyzak]

Not all secondary incomes require such a time investment.

 

[HavocXphere]

I struggle to see how that can be legal. How is what you do in your off-time any business of them?

You get contracts that are written like this. Not sure on the exact details - but it seems to stick (unlike restraint of trade). As far as I can tell it boils down to the contract saying you are expected to work on X full time and all intellectual output during employment is considered the property of the company.

...

hmmm...in the commercial context few ever try to enforce or even mention it I think. Seems to act more as a tool to threaten when an employee is splitting his/her attention in a obvious way.

 

[Picard]

You get contracts that are written like this. Not sure on the exact details - but it seems to stick (unlike restraint of trade). As far as I can tell it boils down to the contract saying you are expected to work on X full time and all intellectual output during employment is considered the property of the company.


hmmm...in the commercial context few ever try to enforce or even mention it I think. Seems to act more as a tool to threaten when an employee is splitting his/her attention in a obvious way.

Which is why the only reason that my colleague got flak for it was because someone reported her and some officials felt that something had to be done according to the theory of policy.

 

[Y'all Qaeda]

Teachers earn a basic salary, yet we are prohibited from earning a secondary salary for it may affect our dedication and performance.

Any secondary income above a certain amount (I actually don't know the number but it would be quite easy to find out) would have to be declared and subjected to approval ... which I doubt it would.

So if I fix computers after hours and I make say R4000 a month extra I would probably have a problem with the department.

Not my wife nor any of the teachers at her school has any issues with this. They have varied extra sources of income, including someone taking wedding pics, someone has an aftercare facility, extra classes, music lessons, someone does do some web hosting and none of them has ever had any flak nor has the principle even mentioned they aren't supposed to do this. Also, they work public school, not private so there is a variation of state employed and school body employed teachers, neither groups have issues.

I think you perhaps you didn't hear the whole story and made your own assumptions. Or there is more to the story with your colleague and the business, and it was more tax related? By having the income split between husband and wife perhaps they were trying to trick the tax people.

 

[Picard]

I think you perhaps you didn't hear the whole story and made your own assumptions. Or there is more to the story with your colleague and the business, and it was more tax related? By having the income split between husband and wife perhaps they were trying to trick the tax people.

Yep, that's the issue.

I had it arse about face.

All government workers, not just teachers, have to declare any second income. But it is solely for tax purposes.

The appropriate numbers will then appear and the correct tax deduction will then be made on your monthly pay sheet.

But the fact is, you have to declare it otherwise you'll have some issues with the the various departments.

 

[Y'all Qaeda]

Yep, that's the issue.

I had it arse about face.

All government workers, not just teachers, have to declare any second income. But it is solely for tax purposes.

The appropriate numbers will then appear and the correct tax deduction will then be made on your monthly pay sheet.

But the fact is, you have to declare it otherwise you'll have some issues with the the various departments.

That is more standard - also to avoid conflict of interests.

 

[Wyzak]

Yep, that's the issue.

I had it arse about face.

All government workers, not just teachers, have to declare any second income. But it is solely for tax purposes.

The appropriate numbers will then appear and the correct tax deduction will then be made on your monthly pay sheet.

But the fact is, you have to declare it otherwise you'll have some issues with the the various departments.

Everybody needs to declare additional incomes, not just government workers. This sounds much better.

The other system would be slavery.