Shark Tank investor Robert Herjavec says his father taught him the best piece of financial advice Herjavec had ever received — totally by accident.
Herjavec grew up watching his father work multiple jobs to keep his family fed.
“Nobody in my life ever worked harder than my dad,” Herjavec said on Instagram. “The man worked three jobs in a factory, sweeping floors.”
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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.
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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.
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Kit Pulliam is a DC-based financial journalist with over five years of experience writing, editing and fact-checking financial content.
