It's payday for this high school teacher that makes $98,000 a year.

@miggyito

117.9K followers · usually 680 views a post

Views

135.5K

Likes

8.5K

Comments

260

Shares

173

SoundTikTok sound · Sakura-lined street

Why it worked

The video taps into the widespread interest in personal finance and salary transparency, particularly within the teaching profession. By providing a detailed, transparent breakdown of income and expenses, the creator offers relatable financial insights that resonate with a broad audience.

Summary

A high school teacher breaks down their paychecks from their teaching job, summer school, a weekend job, and TikTok earnings. They then detail their expenses including savings, investments, student loan payments, rent, phone bill, and credit card spending.

Structure

1Introduction of teacher and annual salary
2Breakdown of two paychecks (regular and summer school)
3Total earnings for the last two weeks
4Savings and investment allocation
5Student loan payment
6Rent and phone bill expenses
7Credit card spending and leftover money

Product placement

TikTok (platform): Appears as a source of income for the creator. Removing it would change the narrative about the creator's earnings. Hello Kitty (character): Appears as a decorative item. Removing it would not change the video's narrative. Winnie the Pooh (character): Appears as a decorative item. Removing it would not change the video's narrative.

Original caption

It’s PayDay for this high school teacher that’s makes $98,000 a year! Let’s breakdown my paychecks together! #LearnOnTikTok #PersonalFinance #paycheckbreakdown #paytransparency

More from @miggyito

On-screen text

It's payday for this high school teacher that makes $98,000 a year. Let's break down my paychecks together. I actually got two different paychecks cause I'm currently doing summer school. But my first paycheck was for $1,924.61 And then my summer school paycheck was for $1,671.73 it was $3,596.24 Summer school is a little bit less because it's half days. Then at my weekend job I made $550.14 Last but not least, TikTok paid me $546.64 Bringing my grand total for the last two weeks to $4,693.12 The first thing I do every single paycheck is save and invest $1,000. $500 in my passive income portfolio, $500 in my high interest savings account. Currently the school's first at 6.1% APY. Made an extra student loan payment of $550. Rent is $1,600 every paycheck. Phone Bill was $219. That's for my entire family, not just for me. Online bike membership was $19.99. Everything else goes on my credit card which this month was $457.18 Leftover is $846.95 for those wondering.

Transcript

It's payday for this high school teacher that makes $98,000 a year. Let's break down my paychecks together! I actually got two different paychecks cause I'm currently doing summer school. But my first paycheck was for $1,924.61. And then my summer school paycheck was for $1,671.73. It was $3,596.24. Summer school is a little bit less because it's half days. Then at my weekend job I made $550.14. Last but not least, TikTok paid me $546.64. Bringing my grand total for the last two weeks to $4,693.12. The first thing I do every single paycheck is save and invest $1,000. $500 in my passive income portfolio, $500 in my high interest savings account. Currently the school's first at 6.1% APY. Made an extra student loan payment of $550. Rent is $1,600 every paycheck. Phone Bill was $219. That's for my entire family, not just for me. Online bike membership was $19.99. Everything else goes on my credit card which this month was $457.18. Leftover is $846.95 for those wondering.

Teaching Salary Progression as a High School Science teacher #MoneyHacksTikTokCo