Tools to help save $
Over the course of your first few jobs, you'll work with a variety of Sons or Senior Sons, as well as your Community Builder, who will show you the ropes.
This is a job with a purpose. 40 hours/week for 1 year = $26,000 + Connections + Character Growth + Knowledge
The Pay Breakdown
$12.50/hour + Tips + Bonuses + 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 200 hours you may potentially become a Senior Son. This comes with more responsibility and a raise. This depends on many factors but we want to promote the talent that we already have!
Insurance. All Sons and Daughters are required to carry a $1,000,000 liability insurance policy. Next Insurance provides the specific type of insurance plan we require you to have and is about $50/month. When signing up, you will have to pay your first month's and last month's insurance but it is a month-to-month plan. When your first pay check comes through you will receive a $50 sign up bonus to help pay for your first month. Before your second week starts, you MUST be signed up for the liability insurance. this can be filed as an expense at the end of the year.Please send your Live Insurance Policy link to Hello@rentsons.com. What is Liability Insurance?
Bonuses. To help cushion the cost of insurance each month, you will receive a $25 bonus after 50 hours worked each month or a $50 bonus after 100 hours worked each month.
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]."
Tips. Our normal tips average from $20-$30 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. Also, just because you don't walk away with a cash tip, doesn't mean you won't see a tip in your paycheck! Many Neighbors tip on their card.
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 two Mondays after the work week ends. Example: for work week Monday, April 16-Sunday, April 22, the money will hit your account on Monday, April 30. 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 and there are no minimum or maximum hours you must 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.