In this issue, we cover a crucial money topic before nuptials, 3 easy side hustles, and the highest-paying tech skill in hot demand. Read on to find out more.
Social media this week has been packed with all the gist about weddings, from Davido and Chioma finally tying the knot to SGIT fan-favourite Sharon Ooja saying I do to her much-talked-about beau. And it’s easy to see why everyone’s been caught up in the wedding fever; both affairs were amazing. Love is indeed something beautiful.
Now, whether your own big day is coming up soon or you’re still on the “God When?” train, there’s something most people need to consider before they say those two words. What are they? You’ll find out in this issue.
Also in this issue:
- 3 side hustles you can pick up anytime
- Indeed has identified the highest-paying tech skill in hot demand– and you can earn over $150,000 yearly!
Shall we?
Before You Say “I Do,” Are You Guys Financially Compatible?
Ramit Sethi is a self-made millionaire making his wealth from being a best-selling author, an entrepreneur, and his Netflix show “How to Get Rich”. He’s been married for about 5 years and gives one key advice for those looking to settle down– look out for financial compatibility. According to Ramit, there’s one thing to look out for:
The Red Flag to Watch For
If your partner refuses to talk about money, it’s a significant issue.
Money is central to many major decisions in a relationship, from where you live to whether you have children. Therefore, open communication about finances is as important as the ring itself. Since marrying his wife Cassandra in 2018, Sethi has emphasised the importance of managing their finances together. He wanted to avoid the common mistake of letting one partner handle all the money decisions, which can be typical for couples from traditional backgrounds. Instead, he aimed for both to feel empowered and be partners in running their household.
Starting the Money Conversation
Discussing finances can be challenging whether you’re married, dating, or somewhere in between. Here are Sethi’s tips on how to begin:
- Understand Your Money Habits
Before checking your financial compatibility with a partner, know your own relationship with money. Ask yourself questions like, “Do I want to be a millionaire by a certain age?” or, “Am I comfortable with debt?” This self-awareness is the first step in aligning your financial goals with your partner’s. - Be Open and Honest
If you have debt, be open about it and explain your plan to pay it off. This honesty can create a joint strategy to tackle financial challenges together. Transparency builds respect and trust in the relationship. - Have the Money Talk
Talking about money doesn’t have to be formal or intimidating. Start with simple questions about their background and experiences. Understanding the emotions behind their money habits can help you tackle financial challenges as a team.
Bonus Tip: Talking about money doesn’t have to be boring! Make it fun! Grab lunch, go for a walk, and chat about your financial dreams and goals. Building a rich life together is much more possible if you can do this.
The Highest-Paying Tech Skill in Hot Demand: Generative AI
Why is Generative AI the skill to have?
AI is the future, and employers know it. According to a Deloitte survey, nearly half of top executives invest in AI training and hiring. And it makes sense, as generative AI tops the list of in-demand tech skills, boosting salaries by 47%, according to a recent Indeed report.
Searches for generative AI jobs have surged nearly 4,000% in the past year, and job postings have jumped 306% since late 2022, so there’s something to take advantage of here.
High Salary Potential
The average salary for jobs requiring generative AI skills is around $174,727. Roles like machine learning engineer and software engineer are in high demand. Some employers need experts to build AI tools, while others seek individuals skilled in using tools like ChatGPT and Microsoft Copilot to enhance productivity. For instance, Fiverr experts using Midjourney for AI-generated images can earn up to a whopping $300 per project.
How to Gain Generative AI Skills
Want to boost your generative AI skills? It’s simple, really:
- Online Courses and Boot Camps: Enroll in courses from colleges, universities, or platforms like Google and Udemy. These offer practical experience and fit into busy schedules.
- Employer Resources: Utilize training programs and resources offered by your employer. Don’t hesitate to ask about available upskilling options.
- Networking: Lean on your network. Colleagues and peers can be valuable resources for discovering new tools, training programs, and opportunities to enhance your skills.
GenAI is clearly transforming the job market, offering high salaries and numerous opportunities. If you’re looking to stay ahead of the pack, then you should definitely look into it. And whether you’re starting from scratch or looking to improve your skills, there are plenty of resources to help you get there.
3 Easy Online Side Hustles You Can Start Anytime
Earn Extra Cash with These Simple Side Hustles
Side hustles are a great way to boost your income. And why not? The best way to beat the current economy is to outearn it, after all. Here are three easy online options to consider.
1. Consulting
Use your expertise in areas like marketing, healthcare, or any other field to offer consulting services online.
- Maven: Set up a profile, list your skills, and set your hourly rate. Jobs range from optimising restaurant menus to providing legal advice. Pay can be between $25 and $500 per gig.
- LinkedIn: Search for “part-time consultant job” and browse posts for opportunities. Many freelance gigs are posted by individuals rather than listed as official job openings.
2. Market Research
Many companies pay for feedback on their products through market research sites like Respondent and User Interviews.
- Respondent: Sign up, and you’ll get notified if you fit any survey opportunities. Surveys can take as little as 10 minutes and pay $25 or more.
- User Interviews: Create a profile, apply for studies, or wait for invitations. Examples include a 30-minute interview for $75 or a 45-minute study for $200. Payment is usually via PayPal or gift cards.
3. Teaching a Language
If you’re fluent in English or another language, you can get paid to tutor online.
- Cambly: Help people worldwide improve their English. No experience is required; just chat with students via video call. Pay is $10-$12 per hour.
- Wyzant or Varsity Tutors: If you speak another language, these sites offer opportunities to tutor and earn extra income.
These three online side hustles are easy to start and can help you earn extra income on your schedule. And there’s something for everyone.
There you have it!
All the top-tier advice on determining financial compatibility with your partner, 3 easy side hustles for boosting your income, and the most sought-after tech skill in 2024 to get you on your way to those goals.
What a way to round up the month of June & the first half of 2024, right?
SEE YOU in H2!
The SimplVest Team🚀
