Making money under the age of 16

Making money before the age of 16 can be difficult, but not for preteens and teenagers that babysit or pet sit. “I started babysitting when I was 14 [years old] in order to make money without having a formal job and as a way to practice for having a real job,” said Bailey Balinski, who babysat for three years. Balinski usually made around $50 when she would babysit from 7 a.m. to 4 p.m.

“I started babysitting because I wanted to make money and my neighbors needed a babysitter,” said Kelsey Berndt, who started babysitting when she was 12 years old. “I typically make $8 an hour. Sometimes $10.”

Babysitting is a great job for younger teens because it is a way to make money without doing too much work.

Q&A: financial security vs. passion

How do you strike a balance between finding financial security and following your passion? Answering related questions are Mackenzie McClellan, a student at Oakland University, is a psychology major who aspires to become a clinical psychologist; Braxton Buckner, a student at Michigan State university, majors in advertising with a media management focus’; and Katelynn Warfle, a student at Michigan State University studying arts and humanities for her undergraduate degree and plans on attending medical school to become a physician assistant. Q: Why did you choose your major/career field? McClellan: “I chose my major and career path because I think psychology is incredibly interesting, and I really love it. It could potentially result in a lot of pay, but that was not a deciding factor for me.”

Can you eat on $1,000 per year? Yes, says efficiency expert

Finding ways to save money can be difficult. Everyday people have to make decisions about where and how to spend their hard-earned dough. Back in 2014, Michael Kirk decided not only to help people save money, but time as well. After using engineering concepts, he was able to eat for $1,000 a year and decided to share with people what he had learned. He developed a company called Efficiency is Everything (EIE). Through this, he utilizes his master’s degree in engineering to give people tools and data that will allow them to become more efficient in their spending.

When clothing is shed, some see cash appear

When most people hear of a gentlemen’s club many thoughts start going through your head. What many do not know is that the United States strip club annual revenue as of September 2016 was $3.1 billion according to information provided by the Bureau of Labor Statistics. The average earning for a “dancer” or “stripper” as well as club managers can be anywhere from $40,000 to over $100,000 based on the club’s location, customer base and the amount you are contracted to work. According to information from IBISWorld industry research report on strip clubs published in March 2017, the industry over the last five years has grown steadily, while per capita disposable income increased at an annualized rate of 1.6 percent contributing to consumers engaging in leisure activities such as visiting a gentlemen’s club. Waitresses, bartenders, DJ’s, managers and general staff help to make sales and all reap the benefits of a good nights work.

Journalism at Michigan State University

Real estate offers opportunities to grow one’s own business

The trend of property buying has continued to grow, especially in Detroit. There are currently 1,300 properties in Detroit that are in some stage of foreclosure, default, auction or bank owned, while the number of homes listed for sale. With the increase of available property being sold and auctioned, there comes an increase in the number of of property buyers. Like Vernon Grimes III, a Detroit native who has recently started his own property development and management company with four other co-owners. There are almost 28 million small businesses in the U.S. and over 22 million are self-employed with no additional payroll or employees, according to the U.S. Small Business Administration.

AUDIO: Cans and bottles for cash

Cans and bottles have become a norm to society. They are a part of our every day life. Beer can be found in either bottle or can form. Soda is found in a can as well, but can sometimes be found in a bottle also. It is now possible to find water that is served in a can too.

Need for money + lack of cash = stress, study says

Many Americans today must understand the concept of having a healthy work-life balance. When it comes to making ends meet, many Americans must sacrifice one, two or several other aspects of their life that they would have if not for financial burden. A 2015 study by the American Psychological Association found that money is the leading cause of stress among Americans. The study reported that for many Americans (64 percent) money is either “somewhat” or a “very significant” form of stress. Young adults with a college education who have just entered the work force have found that student loans have created an incredibly large burden causing them to forgo purchasing their first car, buying a house or even moving out from their parents’ house entirely.

CHARTS: College costs and its’ effects on students

“College costs have caused a lot of stress and confusion in my life. I went to college to get an education that
would allow me to have a career, but the career I am pursuing will not allow me to pay off college costs any time
soon. This makes me want to go to school for more education in order to make more money and pay off my debt
sooner, but then I will just end up having more college costs to pay off. Do I stay with the bachelor’s degree I have and try to pay off my college costs with a teaching job, or get my master’s and try to pay off six years of college with a different degree and a job that is higher paying? I think about it all the time and question if I chose the right degree, knowing teachers don’t make a lot of money and that I will be in debt for a while.