Ever worked part time as a tutor and felt the money coming in was an extremely good deal? How about when you decide that perhaps the money could be multiplied even more by dedicating your entire career towards becoming a full-time tutor? In Singapore where the education industry is rampant and so many parents are beginning to understand the implications of a good education, good tutors are in extremely high demand and is hard to come by. If perhaps you think that you have what it takes to become a full-time tutor, take a look at some of the following facts that you’ll be faced with when taking up this job.
Pros and cons of being a full-time tutor
Of course, the pros of a full-time tutor are limitless. On one hand, you not only get to choose your students, but you get to choose the rates also known as your take home pay. This could mean more to you as opposed to being an ordinary school teacher, having to submit to the authority of the principal and manage stuff like Co-curriculum activities and so on. In addition, there isn’t a need for you to deal with the normal troublemaker in the class or even cater to the needs of students at different paces.
Be that as it may, the cons of being a full-time tutor is no small feat. With each child you get, you have to deal with planning the curriculum and customising it to fit the child’s learning style as well as study space. With it comes the risk of the child not responding to the lessons and thus leading to failure. Of course, that is just one student and with each additional child you take on, the risk and responsibility merely amplifies.
Will there be enough to make end meets and are the hours really flexible?
Thus so comes the question of making ends meet with a job such as tutoring. You have to remember that although the job is stable once you have an arsenal of students, it can also mean instability because the students have the choice to pull out at any point in time. Adding to that, a comfortable amount of supporting yourself is decided by you which means your work will vary. If you can survive on three thousand dollars a month, then the number of students you will have to take in will obviously be much lesser than that of one that requires six thousand dollars a month.
With more students comes the need to plan your time and that could mean rushing between places at odd timings throughout the day. However, with proper time management, hours are indeed flexible and you may even have the luxury of rest days.
CPF Contributions and Becoming a Millionaire
When planning your finance, it is important to note that you have to factor in savings for your medical expenses and retirement plan as there are no CPF contributions. To truly become a millionaire tutor, you have to plan your life and goals accordingly. If you wish to become a millionaire by a certain age, of course, the dedication and work has to be put in place. Furthering your teaching techniques and employing different revenues aside from teaching in your spare time will increase your reputation and income, speeding up the process.
