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Being a notary is a great way to make some extra money. But is it really worth your time? We break down the pros and cons of being a notary public.
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Introduction
If you are thinking about becoming a notary, you may be wondering if it is worth it. There are a few things to consider before making a decision.
First, as a notary, you will be able to perform legal services for your community. This can be a great way to give back and make a difference.
Second, being a notary can be a good way to earn extra income. Notaries often charge for their services, so this can be a good way to make some extra money.
Third, being a notary can give you some added responsibility and prestige. This can be beneficial if you are looking for ways to advance your career or build your resume.
Overall, whether or not being a notary is worth it depends on your individual circumstances and goals. If you are interested in giving back to your community, earning extra income, or building your resume, then becoming a notary may be right for you.
The Pros of Being a Notary
Being a notary can be a very rewarding experience. You get to help people with important documents and you get to learn a lot about the legal system. You also get to meet new people and build relationships with them. However, there are a few downsides to being a notary as well. Let’s get into the details.
You can make your own hours
One of the biggest pros of being a notary is that you can make your own hours. You are not tied down to a regular 9-5 schedule, which gives you a lot of freedom and flexibility. If you have other commitments during the day, such as a full-time job or taking care of your family, you can work around those. You also don’t have to commute to an office, which can save you a lot of time and money.
You can be your own boss
One of the best things about being a notary is that you can be your own boss. You don’t have to answer to anyone but yourself, and you can set your own hours. If you want to work three hours a day or three hours a week, it’s entirely up to you. Of course, the more time you put into your business, the more money you’re likely to make. But if you have other commitments or obligations that limit the amount of time you can work, being a notary can be a great way to earn some extra income without having to commit to full-time work.
You can make extra money
While being a notary may not be a full-time job, it can be a great way to make some extra money. Notaries are often paid by the hour, and depending on your location, you could make $15-$25 per hour. You may also be able to charge a flat fee per document, which can range from $5-$50.
The Cons of Being a Notary
Being a notary can be a great way to make some extra money, but there are also some downsides to it. For one, you have to be available during business hours, which can be tough if you have a full-time job. You also have to be comfortable with people, as you will be dealing with them on a regular basis. Additionally, you need to be detail-oriented and organized, as you will be dealing with a lot of paperwork.
You have to pay for your own supplies
One of the biggest cons of being a notary is having to pay for your own supplies. Notaries are responsible for their own stamp or seal, as well as any other materials they need to do their job properly. This can be a significant expense, especially for those who are just starting out. In addition, notaries are often expected to have liability insurance to protect themselves in case of mistakes or errors. This can further increase the costs associated with being a notary.
You have to be bonded
You have to be bonded
In order to become a notary, you must purchase a surety bond. This bond is a guarantee to the state that you will perform your duties as a notary public faithfully and with honesty. The cost of the bond will depend on the state in which you live, but it is typically between $50 and $500.
You have to take a notary course
You can’t just decide to become a notary. In order to be commissioned as a notary public, you must first take and pass a notary course. This course will teach you everything you need to know about the duties and responsibilities of being a notary.
The course is not cheap, and it is not something that you can just decide to do on a whim. You will need to make a serious commitment of time and money in order to become a notary.
Conclusion
After weighing the pros and cons, you should decide whether being a notary is right for you. If you’re looking for a way to make some extra money, enjoy working with people, and don’t mind dealing with paperwork, then becoming a notary could be a good fit. Just be sure to do your research and understand the commitment before taking the plunge.
