SPY -0.26%
BND -1.09%
QQQ -0.28%
DIA -0.10%
VNQ -1.95%
GLD -1.66%
BTC -2.49%
AAPL +0.50%
GOOGL -2.04%
NVDA -1.69%
MSFT +3.99%
META +1.53%
AMZN -1.96%
TSLA -1.67%
UBER -0.37%
GS -1.39%
BAC +0.96%
JPM +0.87%
BRK.A +0.38%
COST +2.54%
XOM +1.13%
BABA -5.61%
WMT -1.96%
SPCX -3.86%
DIS +1.63%
F -2.90%
  • Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Budgeting
Shark Tank investor Robert Herjavec Dimitrios Kambouris/Getty Images

Robert Herjavec shares the harsh lesson his dad never meant to teach him: 'Nobody in life ever worked harder'

Advertisement

“Nobody in my life ever worked harder than my dad,” Herjavec said on Instagram. “The man worked three jobs in a factory, sweeping floors.”

Take control — get our free newsletter.

By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and Privacy Policy.

That hard work was invaluable to Herjavec’s family. But it didn’t make them wealthy.

“What I learned out of that was, if you work hard, you’ll never be poor,” Herjavec said. “But just because you work hard, doesn’t mean you’ll be rich. You have to be smart with your money.”

More Americans than ever are stuck working multiple jobs

Herjavec’s father isn’t alone in needing to work three jobs just to outpace poverty. In fact, there are more people working multiple jobs now than there have been in the past 25 years.

“When people start adding jobs, and certainly a second full-time job, that says something about affordability, and about needing money to meet household expenditures,” said Laura Ullrich, director of economic research at Indeed, to the Washington Post.

There are some people who are overemployed, or intentionally working at least two full-time jobs — sometimes without telling either employer. But many people are either adding on gig work like DoorDash to a current full-time job or working multiple part-time jobs instead.

The number of people in part-time work who would rather be full-time has been slowly rising over the past few years. Economically, that’s a bad sign.

“This is a classic barometer of underemployment, and it tends to go up when the labor market is getting worse,” said Guy Berger, director of economic research at the Burning Glass Institute, to the Washington Post.

Part-time work is convenient for employers because they don’t have to pay their workers benefits. Retail and food service industries especially tend to hire multiple part-time workers instead of one full-time worker, leaving multiple workers both without benefits and potentially without enough hours to make ends meet.

As a result, some part-time workers pick up multiple jobs — although the short-term scheduling inherent to a lot of part-time work can make it difficult to balance.

Advertisement

Must Read

Ways to make your money work smarter, not harder

If you have enough money to put some away every month, you can start building wealth by letting your money work for you.

At minimum, any money you’re saving for short-term goals should be in a high-yield savings account. While most savings accounts offer very low interest rates, many high-yield savings accounts currently offer rates in the 3% to 4% range.

As of August 2026, inflation was at 3.4% year-over-year. In a regular savings account, your money would be losing purchasing power over time, effectively costing you money. In a high-yield savings account, you can outpace inflation, growing your purchasing power instead.

This makes high-yield savings accounts a good place for emergency funds you might need in the near future.

For far-off goals like retirement, it’s generally better to invest. The average stock market return is around 10% annually before inflation. If you’re regularly investing some of the money you earn each paycheck, you can take advantage of compound interest to significantly grow your wealth.

You May Also Like

Share this:
Kit Pulliam Freelance Writer

Kit Pulliam is a DC-based financial journalist with over five years of experience writing, editing and fact-checking financial content.

more from Kit Pulliam

Explore the latest

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither investment, tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.