It's payday for this high school science teacher that makes over $100,000 a year

@miggyito

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SoundTikTok sound · Velvet Balcony

Why it worked

The video resonated by providing a transparent and relatable look into the financial realities of a teacher working multiple jobs. The detailed breakdown of income and expenses, combined with practical savings strategies, offered valuable personal finance insights that likely appealed to a broad audience interested in budgeting and financial planning.

Summary

A high school science teacher breaks down their bi-weekly paycheck, detailing earnings from teaching, a weekend job, and TikTok. They explain their savings and investment strategy, including contributions to a passive income portfolio and a high-yield savings account, as well as rent and student loan payments, leaving a small amount for discretionary spending.

Structure

1Introduction of payday and multiple jobs
2Breakdown of teaching income
3Breakdown of weekend job income
4Mention of TikTok income (excluded for now)
5Total income calculation
6Savings and investment allocation
7Rent and utilities expense
8Credit card and student loan payments

Original caption

It’s PayDay for this High School Science Teacher that makes over $100k every ear working 3 different jobs! Breakdown my paycheck with me! #MoneyHacksTikTokContest #PersonalFinance #payday #paytransparency #miggysmalls

More from @miggyito

Product placement

TikTok (platform) - it is a social media platform where creators can post videos. It ACTS as a platform for the creator to earn money, and removing it would change the video's topic. It merely APPEARS as a source of income, not something the creator operates within the video. The creator also mentions their YouTube and Instagram accounts, which are social media platforms where creators can post content and interact with their audience. These merely APPEAR as additional platforms for the creator. School's First Credit Union (financial institution) - it is a financial institution that offers savings accounts. It ACTS as a place where the creator saves money, and removing it would change the video's financial breakdown. The creator also mentions their student loans, which are financial obligations. These merely APPEAR as expenses.

On-screen text

It's payday for this high school science teacher that makes over $100,000 a year working three different jobs. Let's break down my paychecks together. First for teaching, after 401k contribution and insurance, I made $1,972.29 And then my weekend job made me an extra $389.87 I also get paid for TikTok. Tomorrow it's gonna be an extra couple hundred dollars, but for now I'm not including it. That means in total over the past two weeks I made $2,362.07. Very first thing that I do every single paycheck is save and invest $1,000. $500 in my passive income portfolio and $500 in my high yield savings account. Currently with school's first credit union at 6.1% APY! Then put aside $810 for rent. It's $1,600 plus utilities. So that's where the extra ten dollars comes from. But I put that aside every single paycheck. Up next, I didn't have any other bills besides my credit card bill, which is $185.58 So I put an extra $350 towards my student loans. Which means left over I have $16.49 until tomorrow where I get paid from TikTok. Happy first day of school to all of my teachers out there. It's gonna be a great year. I'm Especially excited to teach my new AP Business class. But in the meantime, for those curious,

Transcript

It's payday for this high school science teacher that makes over $100,000 a year working three different jobs. Let's break down my paychecks together. First for teaching, after 401k contribution and insurance, I made $1,972.29 And then my weekend job made me an extra $389.87 I also get paid for TikTok. Tomorrow it's gonna be an extra couple hundred dollars, but for now I'm not including it. That means in total over the past two weeks I made $2,362.07. Very first thing that I do every single paycheck is save and invest $1,000. $500 in my passive income portfolio and $500 in my high yield savings account. Currently with school's first credit union at 6.1% APY! Then put aside $810 for rent. It's $1,600 plus utilities. So that's where the extra ten dollars comes from. But I put that aside every single paycheck. Up next, I didn't have any other bills besides my credit card bill, which is $185.58 So I put an extra $350 towards my student loans. Which means left over I have $16.49 until tomorrow where I get paid from TikTok. Happy first day of school to all of my teachers out there. It's gonna be a great year. I'm Especially excited to teach my new AP Business class. But in the meantime, for those curious,

Teaching Salary Progression as a High School Science teacher #MoneyHacksTikTokCo