Moonlighting or Overtime???

[DrugPusher]

---

Members do not see this ad.

I plan on trying to get my loans paid off as soon as possible after school. Some say its a bad idea because interest rates are so low, but honesty, I just want that burden out of the way. I was wondering whether moonlighting or working overtime would have better compensation. I know some pharmacies encourage over time, but is there a limit as to how much OT one can do?

Assuming someone, either with OT or by moonlighting works 65-70 hours a week, how much could they bring in their first year? I dont plan on doing it for a while, just to get the loans out of the way and to build a little savings before I start a family.

 

[imperial frog]

I plan on trying to get my loans paid off as soon as possible after school. Some say its a bad idea because interest rates are so low, but honesty, I just want that burden out of the way. I was wondering whether moonlighting or working overtime would have better compensation. I know some pharmacies encourage over time, but is there a limit as to how much OT one can do?

There' no federally set limit for OT so it's going to be up to the employer. As to which pays better, you're just going to have to compare the two when you get out and go with the higher.

However, as far as paying off your debt, you really need to find out what your interest rate is going to be and compare it to what is available as income to you at the time. Right now, you can get a higher savings rate. I believe right now ING is over 3% which is higher than the current rates. I'd put the money in the bank and collect on the interest difference.

 

[ZpackSux]

I plan on trying to get my loans paid off as soon as possible after school. Some say its a bad idea because interest rates are so low, but honesty, I just want that burden out of the way. I was wondering whether moonlighting or working overtime would have better compensation. I know some pharmacies encourage over time, but is there a limit as to how much OT one can do?

Assuming someone, either with OT or by moonlighting works 65-70 hours a week, how much could they bring in their first year? I dont plan on doing it for a while, just to get the loans out of the way and to build a little savings before I start a family.

Most employers won't approve too many OT hours. Your best bet is Moonlighting...

If you work 70 hours per week, @ $48 per hour for a whole year, you'll make $174,720.00 with no overtime.

 

[vafcarrot]

what is moonlighting?

 

[ZpackSux]

what is moonlighting?

A TV show that ran from 1985 to 1989 while I was in college which propelled Bruce Willis' career.

 

[bananaface]

what is moonlighting?

Working a second job for another employer. (and the TV show referenced above)