12 Comments

  1. Me gusta. Te trabajas mucho, te obtienes mucho dinero.

    I had no idea guile and hustle could do so much for a teacher’s salary. It’s nice to know these opportunities are available. Great post, my friend. Hasta la proxima vez.

    • Hola Mr. Groovy,
      There’s a lot of money available for teachers who want to hustle. Don’t get me wrong, it’s not a ton of moolah, but you can generate enough to max out your 457 and 403b accounts. Do that for 5 to 10 years and you’ll have a nice pot of money that can change your life. Of course, if you don’t save your hustle money in your retirement accounts, you’ll just pay the taxman more while working yourself to the bone. We chose working-hard-to-save-a-ton over working-hard-to-increase-lifestyle. See you in Mexico amigo. Ed

  2. Jonathan

    Really interesting post, thanks for the write-up. As for teaching extended day, how does this work? Are these classes or just after school programs? How do I learn about these things? How do you go about managing your time doing these things and still having time for your son and wife?

    Maybe I’ll even make it over to Georgia, the Peach State. I’ve always loved your state song “Georgia On My Mind”.

    • Teaching an extended day or in some districts it may be called an auxiliary or extra period, it’s usually up to the school site and what the needs are for the school year. It also depends on the school district. When you have an auxiliary, your prep or conference period depending on your school districts’ guidelines, can be either before school or after school. It may be a class before regular classes begin for the day which is often called a zero period.

    • Jonathan, I have to admit that time was scarce due to all of the teaching, coaching, and graduate study obligations. It was my main reason to FIRE when I did. We’re not averse to working again, but we understand the sacrifices that come with full-time employment in the field of education. It’s more than a job, it’s an alternative lifestyle.

      The best way to learn about a district’s extended day policies is to ask a teacher who works there. Most will tell 10 reasons why you should never do it, but there will be a few crazy people on staff working extended day. Someone will know about it, but it’s not the kind of question people usually ask in an interview. My extended day teaching was not an after school program. I’m sure there’s some insane teacher out there doing extended day with an after school program stacked on it. In my case coaching was my after school activity, not more teaching.

  3. Joe

    Ed, is that the salary schedule for all public teachers in Georgia. In Maryland each county has their own schedule. It makes for a lot of competition between counties and pushes salaries higher!

    • Joe, that salary schedule is for base salaries. Most districts also have local supplements on top of base salaries. The biggest local supplements are in metro Atlanta region, but in my opinion they don’t even come close to off setting the increased cost of living. When we took jobs in Echols County, we received $0 in local supplements. However, we did receive enough stipends to cover the local supplements that we lost in the move. Plus, that district did not take out for social security AND put 6% of our salaries in an extra retirement account. Sometimes seemingly low-paying districts are a much better options than the ones with bigger local supplements. Thanks for the reading.

      • That’s interesting in Georgia it’s left to the local school district to decide if they want to take social security out of your checks or not. It’s not statewide. Can a teacher opt into social security and is medicare withheld from your checks?
        If low paying districts are a much better option, then you must have a pretty interesting state teachers’ pension plan in Georgia. Since your pension in part is usually based on your one highest salary year or consecutive years depending when you were hired.

        • Beachbum,
          I don’t know of any teacher who ever opted into S.S. in Georgia. As for medicare, yes, it was deducted from our paycheck. Our teacher pension formula is: (number of years of service * 2%) * highest two-years salary average. Here’s how I determined my pension that I’ll receive at age 60:

          Years of service 16.5 * 2% = 33% * $70,000 = $23,100. So, at age 60 I’ll starting receiving my annual pension of $23,100 or about $1,925 a month. That’s if I don’t work again in Georgia. My salary average is an estimate.

          • 16.5 yrs. of service? You’re just a baby! LOL! I just celebrated my 36th yr. , 32 yrs. in the same school and school district. Yes, I will be retiring early in June. While I always planned my retirement, 3.5 yrs. ago (I checked when I purchased my retirement planning books from Amazon), I really started to ramp it up. However the true decision came in Fall 2015 as I was getting ready for work one day, I asked myself what would make me happier. Not the happiest but happier and the reply was to retire. So I decide to work one more year and now here I am. Although several of my colleagues are retiring this year as well, I am the youngest. I personally don’t feel the need to work to the bitter end to ring out the last penny from the district. It was never about the money but rather the freedom.

            I preach early retirement to anyone who will listen. I have a list of books and websites for people to reference and I stress to them you must do the reading. You gotta do the legwork. That’s how it happens. And to think this all happened with one little book titled Where Are the Customers Yachts? and that followed with Late Bloomer Millionaires by Steve Schullo and Dan Robertson and it just kept snowballin’ from there. In fact I was so impressed with Steve and Dan’s book, that I gave a copy to my new colleagues at the time along with The Bogelheads Guide to Retirement Planning and I said to them we didn’t have this information 30 yrs. ago. Times sure have changed and thankfully for the better.

          • Beachbum,
            Congrats on your impending retirement…you certainly have earned it! You’re correct, you and I would have greatly benefited had there been a FIRE movement a generation ago. Oh well, at least we eventually caught wind of it. Like you, I will continue to push the idea that teachers can FIRE after a 10 to 15 year career if they choose to do so. Good luck finishing out the year. Ed

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