Tools to help save $
Over the course of your first 15 jobs, you'll work with a variety of Senior Sons, as well as your Community Builder, who will show you the ropes.
This is a job with a purpose. 1,000 hours (~1 year) = $15,000 + Connections + Character Growth + Knowledge
The Pay Breakdown
Payday is on Mondays
$11/hour + Tips + Bonuses Every 100 Hours + Educational Tools
You get paid for your time at the job site, not your travel time from job to job (unless otherwise specified). This means you must remember to clock in/out at each job.
Neighbors pay for the amount of time they rent, so if a job goes short, don't worry, you will get paid for the scheduled amount of time.
After completing 500 hours, earn a raise to $12/hour and potentially become a Senior Son.
Insurance. All Sons and Daughters are required to carry liability insurance through Next Insurance. What is Liability Insurance?
Your Health. Because you are an independent contractor, you are responsible for your own healthcare if there is an injury on the job. Here is a bunch of legal mumbo-jumbo from our contract:
"You are not eligible to participate in any of our employee benefit plans, fringe benefit programs, group health insurance arrangements, or similar programs. We do not provide workers’ compensation, disability insurance, Social Security or unemployment compensation coverage for our Sons [and Daughters]."
Bonuses. If you work...
50 Hours/Month = $30 Bonus
100 Hours/Month = $60 Bonus
Tips: Our normal tips average from $20-$40 per job. In other words, you'll be averaging an additional $5/hr (in tips) per job, which means your average pay would be $15-$20/hr.
This App tracks every mile you travel for work, plus your expenses. You get a $0.55/mile deduction that most people never account for.
The average savings from this app is $4,340/year.
Pay Day is every Monday. If the money hits earlier, that's a bonus. But don't expect it.
Keep the Money You Earn. Rent Sons are self-employed. Here's some perks that come with that:
You determine when you work. We can't make you work.
You keep every dollar we pay you. There's no payroll tax, but you're responsible for filing your own taxes at the end of the year.
Most people make money and then lose it to poor spending, investing, tax management, etc.
So we want to help you out because a penny saved is a penny earned. Financial freedom is possible. TAKE THIS ADVICE. It will save you and make you thousands of dollars.
Acorn takes pennies on the dollar that you spend, then saves or invests it into smart portfolios.
Example: You buy a coffee that's $2.50 with your credit card. It then rounds up and charges your card for $3. The $0.50 difference is then invested. All of a sudden you're saving this money that is continually growing in the market.