Welcome back from the holiday weekend. You don’t have the time to sift through all the headlines you missed over the past several days — so EveryIncome has done it for you:
Looking for a career that requires tech skills or certifications? Consider apprenticeships
How many of us knew what we wanted to do with our lives while we were still in high school? A new program in the state of Washington might increase the number.
This year, 120 high school students in the state will work apprenticeships, according to the Seattle Times, getting paid to earn high school credit, experience and certifications in a field the might enter after graduation.
That’s not the only industry offering programs, though. Students will work full-time over the summer, in aerospace industry, advanced manufacturing, culinary and automotive fields.
People already beyond high school graduation can benefit, too. Washington’s Workforce Education Reinvestment Act, passed at the end of the 2019 session, is aimed at training the state’s residents for jobs of the future, aerospace related or not.
Apprenticeship programs are growing nationwide as the need for skilled workers grows. According to the U.S. Department of Labor, there were 585,000 apprenticeships in fiscal 2018, up 56 percent from 2013, the Times points out.
Want to explore more about apprenticeships and whether they could be right for your career? Or are you an employer who’d like to offer one? The Department of Labor has a one-stop shop, apprenticeship.gov. That’s a good place to start. And maybe your salary-paying path to a spot in a changing workforce.
New math: USA Today introduced us to Jen Regan, a former fourth-grade teacher who turned a lesson-plan exchange idea from Pinterest into a $100,000-a-year enterprise, which allowed her to quit her teaching job.
She’s one of a wave of “teacherpreneurs” who turned a side hustle into a career, making life easier for other teachers in the process (albeit at a cost) through sites such as teacherspayteachers.com.
The options available range from single lesson plans (sample cost: $1.50) to entire courses for $50 or so that can be used year after year. Stressed-out, underpaid teachers see the lessons in a box as buying time, and flock to the plans in droves.
Wallflowers need not apply, and other advice: Social savvy is one of the five skills all successful entrepreneurs possess, according to BlackEnterprise.com, which is terrible news for the introverts among us. But if you can hide the shy at least through dinner (and demonstrate these other four traits) you have a shot. Pass the potatoes. (H/T @BlackEnterprise)
Rhodes less traveled: An economist at Oxford says he won’t pay for active financial management because it’s biased. And that you are too hopeful. And shortsighted. And it doesn’t matter which side of the pond you are on. But other than that, everything’s good (H/T @RockWealthUK).
Truck Drivers vs. CEOs: The New York Times marked threshold of the longest economic expansion in American history with a sobering editorial.
“The wealthy have also reaped most of the gains from rising stock prices. The least affluent 70 percent of American households had less wealth at the end of 2018 than at the beginning of 2007, according to the Federal Reserve. The top 30 percent of households saw at least some increase, but the big gains were heavily concentrated at the very top, in the hands of a small proportion of extraordinarily wealthy families.”
Cover one eye before clicking to read the rest.
Cart blanche: Money for your IRA or emergency fund? Richard Quinn, a former compensation and benefits executive, says he can find $10 in your shopping cart every week. But his tips for cost-cutting aren’t for everyone. Looking at you, organic food fans.
Tips of the week
Rules are rules, except when they aren’t: Kiplingers has a great article on whether the 4-percent rule still applies when it comes to withdrawing your retirement savings. Their analysis is fascinating, and their conclusion – maybe – isn’t nearly as squishy as that sounds.
We need to talk: CNBC dives into a difficult task – having the money talk with your parents. Good luck.