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I've been officiating football for 11 years, basketball for 9 years, and baseball for 8 years.
Just looked at my income/expenses spreadsheet, and in that time I've got a net income of approximately $28000, which basically amounts to $2500/year AFTER expenses, mileage, income taxes (yes, I report my income to the IRS) and all that.
Could I have done something more valuable with my time? Perhaps. But how many other people have a avocation or hobby that actually gives them a positive cash flow?
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