Wouldn’t you like to have one of the best part-time jobs around? I’ve moved to a part-time job twice and I love it. That also makes me a “moving to part-time” expert and I want to share the light that I have seen.
I’m sure that many of you that have a full-time job wish you could have more freedom in your life. But by working 40-60 hours/week, you are minimizing your chances for a relaxed and convenient life.
When people think about creating a better work-life balance. Part-time work doesn’t usually top the list. But it really should. Part-time jobs exist to do just that… make your life better. I mean that’s obviously not the reason for their existence but either way, they are very efficient when it comes to this specific topic.
Related Reading in Amazing Careers that let you Live Your Life:
- What working for fun is like
- What the best temp jobs are: In case you work so little you need some extra hours
- The best retirement jobs: I consider myself retired with my tiny work week.
- Best jobs with summers off: Why change everything when you just want summers
- Best under the table jobs: It’s not actually nefarious and sometimes very lucrative!
- Best Online Jobs: Because working remotely is pretty awesome. Especially part time!
The benefits of part-time jobs?
… Countless. But I’ll list 5 amazing benefits.
1 – More time for you
First of all, you have the ability to take better care of yourself. Both mentally and physically. Free time is probably the biggest benefit of them all. You can spend time with your family and friends or even commit yourself to those crazy dreams you always had but never tried out.
2 – Increased Productivity
Oh, you’ll be more productive in your job as well. In fact, many employers have stated that hiring part-time people instead of full-time brings way better results to the business.
It’s really reasonable if you think about it. When you have more time to yourself, when you value your time and don’t spend it all working, you’re genuinely happier. That leads to better results in your part-time job.
3 – Good pay rates
But what about the money? As you might understand, the money when working part-time is not the same as full-time.
And that shouldn’t worry you at all. The best part-time jobs usually have higher hourly pay rates than full-time jobs or at least that’s what we are pursuing today.
Your household income will take a hit, but you will find a way to balance things. And you will do so. I mean with that much free time, anything is possible. You could even start your own business, succeed and become a fancy millionaire.
But I saved the best for last… Here are the 2 biggest reasons why part-time jobs are amazing.
4 – Ratios (Free time % increase vs % Income Decrease)
Part-time jobs are usually considered to be between 20-35 hours per week.
If that sounds big, always remember that full-time jobs are 40 or even 60 hours per week. And that varies depending on the profession. Because yeah there are jobs out there that require 80 hours per week.
When you work 5 days a week and only have the weekend free, the ratios can be very attractive when going part-time.
Let’s say you just cut down your workdays from 5-days to 4. That will only bring a 20% reduction to your income. And your free time will increase by 50%.
It’s like a sale on free time! Get 50% for 20% of the price!
It makes for a great deal, doesn’t it? Told you… ratios are in your favor.
When you go from 5 to 4 days, it’s not even that big of a deal. Imagine going to 3 days? Yeah, it’s a 40% reduction in pay, but think about the free time you’ll have in your hands!
Let’s look at an example…
A marketer from NYC that gets paid $40/hr and works 50 hours per week. Her annual income is $96,000. The truth is, though, that she doesn’t want to work that much. She wants to open a small business and devote her time to that.
But her job obviously limits her.
Therefore, she decides to start working 4 days per week. So basically go part-time. Her income goes down to $76,800 per year but voila she has one extra day to work on her dreams EVERY WEEK.
And who knows, her business might work and secure her money for the rest of her life.
Now, let’s go on to the second-best reason…
5 – Reduced Taxes
Do you know what comes with reduced workdays? Yeah, that’s right… reduced taxes.
Always remember that your income gets taxed, not your free time. Your free time could increase 100% and there won’t be any changes in your taxes.
But when your workdays reduce, your taxes do as well. Someone that works 5 days a week obviously pays more taxes than someone who works 3 or 4.
The beauty though is that taxes are graduated. People pay proportionally more as they make more.
Where I live my 5th workday/week is taxed at 37% while the 3rd and 4th are taxed at only 29%? (Once I work out my income tax rates). Well, it’s true…
Working a 5th day is just inefficient! You make less money per hour from your 5th day of work. So cut out the whole day!
But that’s just for my income and for my living area. Taxes are different around the world and but they always scale in a bad way as you make too much money.
It’s really worth it when you think about it. Lowest taxes possible, not that big income reduction, drastic free time increase… You basically have it all.
And now that we’ve talked about all the technical details, let’s see the best part-time jobs for you.
Common traits of the best part-time jobs
There is a common thread to jobs that are good for being part-time and I’m a big fan of distilling things down to the driving forces.
- Standardized Education
- High full time wages
These are the things to look out for when finding a perfect part-time job. If you have extreme leverage at a workplace they will allow you to be pretty flexible with your hours. This is the method I’ve used twice to make my life more agreeable.
If you are in a union (like a teacher) or a profession with standardized education (also like teachers) then you’re also in good shape to work part-time.
Unions usually have some perks that allow for nice amounts of time off over and above normal vacations.
And people with standardized educations are replaceable. As bad as that sounds it is also quite freeing. If an electrician is sick another can take his place, because they are both electricians.
Then to cap it off, if the full-time version of the job can make some great income, the part-time version of it is usually as good or better.
The 5 best part-time jobs and their fields
These are the 4 best part-time job fields I’ve come across. I’m always adding to my list but I’ve never found anything better than these.
1 – Keeping your job
If you want to pursue the best part-time job, there’s no need to quit your current job. You can just ask your boss for a reduced workload. There’s nothing wrong with that. I’ve done it twice (full-time to 1-day/wk to full-time to 3-days/wk) and I think it’s amazing. You take more free time and your boss pays you less money.
It’s a win-win situation if you have some leverage to pull on.
The best part about this though is that you’ll be much more valued if you keep working in the same job than signing up at some new place.
I mean they already know your value, historical knowledge, your skills, and your abilities so your pay rate will probably be higher than it would be in a brand new job.
Let’s not ignore the fact that you have friends and a great time when going to work. Would you want to miss out on that? Yeah, I didn’t think so!
If that’s not the case, if you are having an awful time at your current job, leave immediately. Why didn’t you leave before?
By the numbers: Using myself as an example. I’m in an enviable place (that I’m trying to teach you how to attain) where I make $180K/yr but when I retired the first time I made $120K/yr which is more normal so I’ll use that.
When I dropped down to a 1.5-day work week I was able to negotiate a little higher rate and still bring in $40K/yr. That’s awesome. My work-week and weekend swapped places and I still had a decent income!
2 – Consultants
Becoming a consultant is like keeping your job but you go hourly and your employer can lay you off whenever they feel like it. Anyone can do it if you can find the work.
I never wanted to do this because I don’t want to drum up clients but some people are good at it.
By the numbers: I hired one of my full-time employees as a consultant. He made $100K/yr and now he works 8 hours a week with no perks for $55/hr. It’s pretty awesome and he lives like a king in South America now. Yes, I am kind of jealous.
3 – Side hustles suck, Mini-Entrepreneurship is…interesting
There are thousands of people promoting the idea that side hustles are the best part-time jobs. But is that actually true?
When talking about side hustles, there are some things you should keep in mind.
Side hustles usually require a lot of time to develop and become profitable.
So should you get into the side hustle life? Personally, I wouldn’t. Here’s why…
By the numbers: Let’s take Uber for example.
Becoming an Uber driver is a well-known side hustle. But the hourly pay on that, compared to a good job, isn’t great. Especially when they take a 25% fee on every fare.
So would you want to do something like that? I wouldn’t! I’d skip the low hourly rate and keep my high hourly rate thank you!
You’ve probably heard of these “easy”, quick-money side hustles like selling things online or flipping stuff.
Selling things on Amazon
This is another classic side hustle. You’ll find hundreds of “gurus” saying that you can make piles with this method in the first month.
But you won’t be able to do it. Unless you buy their course… of course!
Selling things on Amazon can make you profit but like everything, it requires time, money and work. It’s risky as well.
Because in order to sell, you have to advertise. And ads need money. You also need inventory which needs money. And you need time, to make all of the above work.
Yeah, you spend money on ads with the vision of making it back from selling things but… what if you don’t? What if you break even. Where did your time go?
You’ll probably see most people doing this with Shopify stores ( e-commerce ) but as I see it, the market is oversaturated and the competition is more than high.
I have a friend who did this. Not as easy as it sounds. That’s for sure.
By the numbers: He worked maybe 30 hours a week building up his amazon empire. Now he makes $10,00/yr and works 20 hours a week at it. But that’s still <$10/hr which is under minimum wage in most places. Blech Pass.
This can be done online or outside in the “real” world. You basically buy something at a low price and sell it for a profit.
The struggles with this are that you might not find someone to buy your things at a higher price or your profit might not be that great.
Of course, if you start doing this and you get good at it, but what’s the hourly rate? Pretty bad.
Are side hustles the best part-time jobs? They can be, but they generally suck. If you want to take my word for it, skip them.
Much time and hard work are necessary. And the whole concept of part-time jobs is to have free time for yourself and your family.
By the numbers: If you buy some $50 object off Craigslist and flip it for $100 it’s cool but you’ll likely spend 2 hours doing it, which only nets you $25/hr.
That being said, if you don’t have a job that’s part time friendly. let’s see what are the best part-time job roles that are fairly easy to get and pay well.
So why is this here if I think side hustles and entrepreneurship suck? I’ll get into this another day but side hustles are only good in my books if they are a warm-up to going full speed into starting a company. Entrepreneurship is hard and a world of 0.1%-ers. If you make it it’s worth it but you can usually only make it if go work at it 24/7.
By the numbers: My friend spent ~15 hrs / wk testing out a market for a startup. He made $0 for 2 years which is horrible. But he was confident enough to direct his lifesavings (~$200K) into it and now he makes about a half-a-million dollars a year and works 60 hr/wk. I guess that’s success.
After 3 years: Profit of $300K, 4680 hours input = $64/hr. Which is less than I make per hour…but who’s counting 😛
4 – Teachers
Looking for a part-time friendly job? Well, teaching might be what you’re looking for. We all know a teacher’s schedule. Summers-off, all other vacations off, the work day ends early. I mean, what else could you ask for?
How about no screaming children? Teaching isn’t easy but most teachers’ unions have a magic power that makes me jealous.
Teachers also have methods for reducing hours in their contracts and they make decent money. An average NYC teacher makes $87,000 annually and if you take the ‘frequent teachers union ability’ to skip a year and spread out your income. You have some massive, part-time abilities on hand.
By the numbers: Educators near me can spread out their pay over any random (full year) combination they want (1 year of pay over 2 years, 4 years of pay over 5 years), which makes part-time a-la-carte and amazing.
Full-time salaries aren’t amazing but they are pretty good when you factor in the flexibility:
Median American Educational Salaries
|Title||Full Time Salary||2/3rd Part Time Salary|
5 – Real Estate Agents
Many people work full-time as real estate agents, but it’s a notorious part-time gig. You show and compare properties to customers, you network, and you get paid. It can be hard but in upmarket like today’s I don’t think it takes much effort to sell a house.
All you need in order to practice this job, you need a current and valid real estate license.
You could imagine shedding a full-time job if you have some strong investments backing up a part-time job as a realtor.
Real estate agents are usually paid on commissions, so their earnings solely depend on how many properties they’ll sell. Having said that, the average annual salary of a real estate agent is $60,000 but the hours aren’t that bad if you try to minimize them.
6 – Medicine
Some doctors I know scoff at this. Medicine is hard for sure. The hours are weird and you need to get super in-debt to become a highly paid doctor. Once you are there though it’s part time heaven.
Standardized education, bonkers payrates, easy part time options.
My family clinic has 4 doctors on a rotation who co-own the practice. 1 is always on vacation and the other 3 cover 7 days/wk of clinic hours. Heaven!
Can all doctors arrange that? Maybe not but with massive incomes I’m sure they can figure something out.
Median salaries of medical jobs:
|Title||Full Time Salary||2/3rds Part Time Salary|
TL;DR – Best Part Time Jobs
- Choose something you like and enjoy doing, stick to it, and scale it up to the maximum level to max out your payrate.
- Your original job is likely a perfect fit for your new part time job.
- But there are some other good candidates.
- No matter what, stick to it so you can increase your hourly pay then scale back the hours as much as possible.
- That’s what the best part-time jobs are all about.
How many hours is part time work?
Most people would consider someone part time if they work less than 40 hours weekly. Some professions require huge hour commitments so part time work there could be a larger number.
Legally, the affordable care act considers someone part time under 30 hr/wk per week and as far as the IRS is concerned you are part time if you work under 25 hr/wk, or under 35 hr/wk if other employees work substantially more (Income Tax Regulations 1.105-11(c)(2)(iii)(C).