Comments on: How Should I handle “Alternative Income” Opportunities when Friends and Family are Involved? http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/ Elite Personal Finance and Estate Planning Information for Everyone Thu, 09 Feb 2012 20:43:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Do you Develop and Utilize The Talents and Functional Skills of Friends and Family? | My Journey to Millions http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-4271 Do you Develop and Utilize The Talents and Functional Skills of Friends and Family? | My Journey to Millions Thu, 30 Jul 2009 22:19:54 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-4271 [...] have discussed my constant struggle with charging family and friends for legal help.  But, my personal feelings are…if it costs the helper time and energy it is not crazy to [...] [...] have discussed my constant struggle with charging family and friends for legal help.  But, my personal feelings are…if it costs the helper time and energy it is not crazy to [...]

]]> By: Some Things to Think About Before Meeting an Attorney to Draft Your Last Will and Testament | My Journey to Millions http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-3382 Some Things to Think About Before Meeting an Attorney to Draft Your Last Will and Testament | My Journey to Millions Thu, 18 Jun 2009 12:21:27 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-3382 [...] note:  Since I created a whole post about Charging friends for “side” professional work, I should mention – I am not charging them, but will be charging their parents who have a very [...] [...] note:  Since I created a whole post about Charging friends for “side” professional work, I should mention – I am not charging them, but will be charging their parents who have a very [...]

]]> By: Michelle http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-2541 Michelle Mon, 18 May 2009 14:58:25 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-2541 Part 2 - and this relates to your bartering post too!: His criteria for agreeing to a request is pretty specific: if I called this person and asked them to help me with a home-project (like building a deck or something), would they help? (he values people who are willing to get their hands dirty) If so, he'll generally do it and he'll either barter for services OR charge $50 for a housecall/evaluation or simple request and $40/hour for something more complicated/time consuming. But he has no problem saying he doesn't have time OR energy for side projects when necessary. On the bartering front, we received a free weekend at a family-friend's beach cottage (that normally is rented out when the family isn't using it), a mechanic friend changes our oil (it seems in perpetuity, but it's a 2 year deal, since hubby replaced his house service, which is a $3500 job excluding materials!), and got help building our deck. (gulp - tax implications?! Ack! This is anonymous, right?!) Part 2 – and this relates to your bartering post too!: His criteria for agreeing to a request is pretty specific: if I called this person and asked them to help me with a home-project (like building a deck or something), would they help? (he values people who are willing to get their hands dirty) If so, he'll generally do it and he'll either barter for services OR charge $50 for a housecall/evaluation or simple request and $40/hour for something more complicated/time consuming. But he has no problem saying he doesn't have time OR energy for side projects when necessary. On the bartering front, we received a free weekend at a family-friend's beach cottage (that normally is rented out when the family isn't using it), a mechanic friend changes our oil (it seems in perpetuity, but it's a 2 year deal, since hubby replaced his house service, which is a $3500 job excluding materials!), and got help building our deck. (gulp – tax implications?! Ack! This is anonymous, right?!)

]]> By: Michelle http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-2540 Michelle Mon, 18 May 2009 14:54:09 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-2540 It's interesting how this same issue hits every work strata - the highly educated professional down to the skilled labor/tradesman! A normal person wouldn't expect their cardiologist cousin to treat them for free, would they? Anyway - yes, it's important that you follow your heart in providing a valuable service to those who you care for/about, but you also have to have boundaries, too! Charging a modest amount can help with that, I think. In my life, I am ALWAYs fielding requests from friends, neighbors, coworkers about my husband helping them with their electrical issues - from a bad outlet to wiring a ceiling fan to replacing service panels! My husband is a master electrician and it's been years since he's had to climb ladders and run wiring for a living - not that he's 'above' that work, but he got tired of climbing around in attics in the Texas summers and prefers not to do it for himself, either! So he did the work to become a master and spends his days drawing plans, doing proposals, etc. It's interesting how this same issue hits every work strata – the highly educated professional down to the skilled labor/tradesman! A normal person wouldn't expect their cardiologist cousin to treat them for free, would they? Anyway – yes, it's important that you follow your heart in providing a valuable service to those who you care for/about, but you also have to have boundaries, too! Charging a modest amount can help with that, I think. In my life, I am ALWAYs fielding requests from friends, neighbors, coworkers about my husband helping them with their electrical issues – from a bad outlet to wiring a ceiling fan to replacing service panels! My husband is a master electrician and it's been years since he's had to climb ladders and run wiring for a living – not that he's 'above' that work, but he got tired of climbing around in attics in the Texas summers and prefers not to do it for himself, either! So he did the work to become a master and spends his days drawing plans, doing proposals, etc.

]]> By: SavingDiva http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-2424 SavingDiva Fri, 15 May 2009 02:20:57 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-2424 I think it's a great discount, and I think that is very generous! I don't think you should do it for free! I think it's a great discount, and I think that is very generous! I don't think you should do it for free!

]]> By: Evan http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-2353 Evan Tue, 12 May 2009 21:09:25 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-2353 Amy, It is a VERY weird feeling. Especially since I (and I assume him as well) enjoy what you do, and there are no "bad guy" partners to blame. Amy,

It is a VERY weird feeling. Especially since I (and I assume him as well) enjoy what you do, and there are no "bad guy" partners to blame.

]]> By: Amy http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/comment-page-1/#comment-2350 Amy Tue, 12 May 2009 15:01:43 +0000 http://www.myjourneytomillions.com/articles/how-should-i-handle-alternative-income-opportunities-when-friends-and-family-are-involved/#comment-2350 My husband is a computer tech and when he is doing work on the side, he has the same problem of what to charge. The going rate for what he does is at least $85 per hour. He charges $45 per hour, and only when he feels that he really did an hour of work. A lot of times, the fix is simple and he only charges about $25 to $30. He would never make it as an independent business owner--he is way too nice and charges way too little. My husband is a computer tech and when he is doing work on the side, he has the same problem of what to charge. The going rate for what he does is at least $85 per hour. He charges $45 per hour, and only when he feels that he really did an hour of work. A lot of times, the fix is simple and he only charges about $25 to $30. He would never make it as an independent business owner–he is way too nice and charges way too little.

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