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How We Earn Extra Money: Teaching Piano

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Wednesday, February 1, 2012

How We Earn Extra Money: Teaching Piano

I recently mentioned that we are saving up for a new vehicle despite having no extra room in our budget. We have managed to save up about $3000 towards this by finding ways to earn extra income aside from our regular paycheques. This is one of the ways we've been earning extra money! You can see the rest of the ways here!

My parents invested a lot of money into piano lessons for me while I was growing up. I also invested a lot of time and energy into going to lessons and practicing (unfortunately less than I should have...) I worked my way up to Grade 9 of the Royal Conservatory of Music and did fairly well. I was really great at theory, quite good at music history and OK at the practical exams.

I have begun to make all of this effort pay off now by teaching student(s). I used to do a bit of teaching some years ago but was never very confident in my ability and honestly too busy with all the other stuff in my life to put in a good effort. I'm trying again though and so far it is going well.

I currently have one student. It's a start. I make $15 for a half hour of teaching which works out to $60 extra bucks a month. I am working on getting more students but all of my music contacts are in our old town so it's slow going as I'm having to start from scratch here. I am optimistic that I will be able to increase this though. Ideally, I would like to fill up one afternoon/ evening with students and provide a healthy extra income stream.

Labels: earning extra money, financial freedom, getting out of debt

2 Comments:

At February 13, 2012 at 6:25 PM , retirebyforty said...: Every little bit counts! Great job with the extra money.
At February 13, 2012 at 7:28 PM , Marianne said...: Thanks! I find the 'little bits' usually grow anyways as one student leads to another etc...

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: Name: Marianne; Location: Toronto, ON, Canada

We are a husband and wife, baby, cat and American Bulldog that are working towards a more financially free life. We live in a 100 year old house and have seen enough lathe and plaster to last us a lifetime. We try to be frugal in areas that don't matter to us so we can enjoy the areas that do matter to us!

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