I caught up with an old friend today. We talked about alot of things but since this is a personal finance blog, I’ll just highlight the financial issues of interest.

My friend, she works part-time giving tuition. She earns about RM8,000 during normal season, and easily double this amount during peak season. She does not declare her income, hence her income is tax free. Simple calculation will show that her annual take-home-pay easily exceeds RM100,000. Bear in mind that she earns this on a part-time basis.

This got me into thinking, maybe I should have gone the academic route instead of going the corporate route. When I first graduated, I got a telephone call from college inquiring if I have an interest in becoming a tutor. I guess they made that call because I scored the highest in one of the subjects. At that time I didn’t know that private college tutors could earn so much money by giving private tuition.

So, people will pay good money to acquire knowledge and tuition. What skills do I have that I can teach others? I need to really give a thought to this issue because this is a good money making opportunity.

And for all others out there reading, it might not be a bad idea to think about giving tuition to earn some supplemental income.