Commit. Plan. Take action.
Part 2 of a 3-Part Series on Goal Setting
At the end of July, my husband and I decided that we wanted to get out of debt. We had made the commitment, and we knew we needed a plan. But before figuring out the plan, we needed to get clear about our goals.
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I feel like I’ve heard just about every single one of my millennial-aged friends say this at some point in our lives. “Why didn’t anyone tell me” (fill in the blank here). My thoughts about this are generally two things:
At the same time, there have been moments in my adult life I have been totally ill-prepared for, especially when it comes to finances. For me, it wasn’t that no one told me adulting was this hard, but no one really taught me how to manage being one.
Chances are, they did. What they didn’t prepare you for was the specific life crisis you’re going through right now. After all, your parents and mentors can only prep you for what they have been through, for what they know. No one goes through life having the same exact experience as the next person.
That being said, when it comes to “adulting” and why you weren’t prepared, you should also realize the environment we’ve been living in is vastly different from that of our parents. It is even different from the generations just a few years younger than us. A lot of the advice and tips your grandparents and parents bestowed on you is no longer relevant in many ways, especially when it comes to your finances.
It doesn’t make their advice or what they have to say less valuable. Many of the same things apply in today’s world, but you’ll need to alter it to fit your needs. Remember, doing what is best for you comes first and foremost – no matter what mom and dad always said you should do.
When it comes to your finances, your health, your home, your family, and just adulting, doing what is best for you is always the right decision. Keep your blinders on, try not to pay attention to what other people are doing, and perform what works for you instead of looking to others for direction. There is no “one size fits all” to anything – finance, life, or pants.
Lastly, don’t ask that annoying question “Why didn’t anyone tell me adulting was going to be so hard?” Life has its difficult moments, it always will. How you adapt, push through, and persevere is what counts.
Bad credit
Whenever people are unable to finance a certain project, they refer to the banks and online lenders for a credit loan. Online lenders are more famous for handing out smaller amounts of personal loans, while the banks deal with much bigger numbers. People often apply for these loans when they buy an apartment, car, or when they send their kid to college. Whatever the reason may be, the bottom line is that they don’t have the finances required at the moment.
Of course, not all credit loans are approved. The lenders do a background search on each client to see his or her credit score, their history with paying them off, and whether they caused any trouble. If a potential client has a low credit score, then the chances of being approved are low. Luckily, there is an alternative for those people and it goes by the name of bad credit loans. Although the name might not be the catchiest, it allows many to apply for a credit loan, even though they don’t have the best credit score.
We wanted to introduce you to this type of credit and that’s why we are willing to dig a bit deeper and give you an overview.
The Difference Between Bad and Regular Credit Loans
As you may have figured it out by now, people who apply for bad credit loans are seen as risky borrowers. That is why you may be faced with more interest rates and higher fees, which is not the case with regular loans. The only mutual thing that these two types of credit have is the application process.
The lenders check your credit history, your financial status, and with that information, they decide whether you’ll be eligible to repay them. If you are looking to read the tiniest details, like the credit score categories, best lenders, as well as guides to get a better loan, head over to bestloansforbadcredit.com – they have everything that you need to know.
Are Scams Possible?
The Internet opened up many possibilities for us. Unfortunately, not every outcome can be positive. Scams are happening much more often than they should since many people see the Internet as the best place to rob people of their money. So, to answer your question, yes – scams with bad credit loans are possible.
But, if you follow a couple of simple steps, you will be safe. First off, if the lender is asking you to register in a different state, rather than you home state, then the chances are that you are contacting a scammer. Guarantees without approval, lack of communication skills, and advertising methods are also some factors.
Extra precautions are always welcomed, especially if your financial status is not the best. On a side note, we wanted to mention that if you are struggling to pay off your debt, there are a few side jobs which can be helpful and provide you with a good income.
Types of Bad Credit Loans
Lastly, we wanted to cover some of the bad credit loans. There are 4 types in this section: instalment loans, payday loans, cash advances, and bank agreements. Payday loans and cash advances are the easiest to get, since they are considered short-term loans, but they have greater interest rates.
The bigger interest rates and more detailed background checks that we are witnessing today, especially when dealing with banks, are the result from the 2008 world crisis when the banks around the world were handing out loans without having a plan of action.
For more great articles, read these:
Yes, You Can Buy Someone Else’s Debt
The Effects of Financial Stress On Marriage
Image Source: Cafe Credit.
My husband and I haven’t ever really celebrated Valentine’s Day in the past. Early on in our relationship, our finances were an absolute mess and we were homeless together. While that’s thankfully no longer the case, we’ve always looked at it for what it was: a retail holiday. However, with our little one becoming more aware of holidays and other things, this year was a bit different. Honestly, this Valentine’s Day was great for our family and fantastic for our marriage.
In the past, as I mentioned above, Valentine’s Day was typically a day that came and went without any fuss. Of course, we’d both say “Happy Valentine’s Day,” give the other one a kiss and go about our days. That’s not any different from any other day throughout the year though.
Our reasons for this varied. We had a lot of past relationship trauma from previous partners that made the holiday hard to enjoy. Not to mention, there were several years when celebrating some in-between holiday was not possible. We were broke and there was no room in the budget for any of it.
On top of that, Valentine’s Day always felt like a big deal for nothing. I’m not something who wants to be showered in flowers or candy – neither is he. We both enjoy more practical gifts and don’t like to buy into retail holidays (unless we are cashing in on the sales afterwards).
This year was a little bit different though, all thanks to my husband.
The past couple of weeks have been tremendously stressful in our household. My husband and I are both working on multiple projects at our jobs. Our little one is cutting more teeth and, to top it off, our dog got very sick. After a few months of health issues myself, everything piling up made the world feel like it was on fire.
Being the man he is, my husband knew how to turn that around, at least a little bit. He snuck out of the house during the day, grabbed me some roses and grabbed our daughter a small present. We both got little Reese’s candies. Then, he revealed he’d planned to order dinner in so that I didn’t have to stress over dinner after a busy workday.
In truth, it was absolutely perfect. It was a nice pick-me-up from the weeks and months of stress piling up. Even more than that, the gesture brought a spark back into our marriage that I hadn’t realized fizzled to begin with.
All of this to say, if you’re against V-Day, I understand. But don’t let a single day go by without telling your spouse you love them or making some small gesture to brighten their days. Don’t go way out of your budget or do anything crazy, but the smallest things can make a huge difference.
We’re people that celebrate Valentine’s Day now. What about you? Do you celebrate?
The financial sector is typically a great choice for graduates who are looking to get a job in their chosen field straight after college. There are plenty of roles to choose from, from working in a local business to working in a high-pressure environment as an investment professional. Some students also choose to specialize further after college, for example taking additional courses to become a certified accountant.
There’s no right or wrong path to take after college, and you may well change your role throughout your career. The days of sticking to one job for your whole working life are long gone, with modern employees changing things up when they want a new challenge. So what could you future hold with a finance degree? Let’s take a look.
A financial analyst is a key part of any large business. Their role is to gather data, analyze it, generate forecasts and create financial models, and present that information to the people who need it. They also adjust budgets to reflect this new data, after discussion with stakeholders. Financial analysis allows a company to identify any risks, as well as potential opportunities for growth.
This role would suit someone who thrives in a high-pressure environment, and isn’t afraid of presenting their findings and defending them in front of senior management. If you love a challenge, want each day to be different, and are interested in working in a corporate environment, this could be a good fit for you.
Worried about climate change, but don’t know how to make a difference? Good news – you could consider becoming an environmental accountant. These finance professionals use their reporting and modeling skills to calculate the environmental cost of business activities, with the aim of identifying ways to reduce the most harmful culprits.
It can be hard to understand exactly what impact a business is having when all the information is reported collectively as one carbon footprint figure. Environmental accounting breaks this down, allowing companies to have clear information so they can make informed decisions about their products and services. It’s a great way to use the skills you’ve learnt on your course and put them into practice for the greater good.
If you get a buzz out of talking to people, then a sales role might be a good choice – it’s far more social than many financial jobs, which involve crunching numbers in an office. As a manager, you’ll also be in charge of monitoring, supporting and motivating a team of people, which can be incredibly rewarding. You may even be able to travel in this role, attending conferences and visiting clients, depending on the sector.
Your finance degree will stand you in good stead when it comes to understanding forecasts, setting targets and looking at the data to identify potential market opportunities. Some companies will offer graduate schemes that get you straight into higher level roles, so look out for these if you want to have higher earnings straight out of college.
Risk managers play a critical role in identifying, assessing, and mitigating risks that could impact an organization’s financial stability and reputation. With a finance degree, you can pursue a career as a risk manager in banks, insurance companies, investment firms, corporations, or government agencies. Risk managers assess potential risks associated with financial transactions, operations, market fluctuations, regulatory changes, cybersecurity threats, and other factors. They develop risk management strategies and policies to minimize exposure to risks, protect assets, and ensure compliance with regulations and industry standards.
Risk managers also implement risk mitigation measures, such as hedging, diversification, insurance, and contingency planning, to safeguard the organization’s financial interests. Additionally, they monitor and analyze risk metrics, conduct risk assessments and stress tests, and provide recommendations to senior management or board of directors to support decision-making processes. A career as a risk manager requires strong analytical skills, problem-solving abilities, and the ability to anticipate and respond to emerging risks in a dynamic business environment.
Investment bankers are financial professionals who facilitate complex financial transactions for corporations, governments, and other institutions. With a finance degree, you can pursue a career as an investment banker in investment banks, financial advisory firms, or corporate finance departments. Investment bankers advise clients on various financial matters, including mergers and acquisitions, capital raising, restructuring, and strategic planning. They help companies evaluate potential merger or acquisition targets, structure deals, negotiate terms, and raise capital through debt or equity offerings.
Investment bankers also conduct financial due diligence, assess valuation metrics, and prepare financial models and presentations for clients. Moreover, they maintain relationships with clients, industry professionals, and investors to identify potential business opportunities. A career as an investment banker requires strong analytical skills, attention to detail, and the ability to thrive in a fast-paced and competitive environment.
Financial planners help individuals and families manage their finances and achieve their financial goals. With a finance degree, you can pursue a career as a financial planner in financial planning firms, investment advisory firms, or wealth management departments. Financial planners work closely with clients to understand their financial objectives, assess their current financial situation, and develop personalized financial plans. They provide advice on various aspects of financial planning, including budgeting, saving, investing, retirement planning, tax planning, estate planning, and risk management.
Financial planners also recommend appropriate investment strategies, insurance products, and retirement accounts based on clients’ risk tolerance, time horizon, and financial goals. Additionally, they monitor clients’ financial progress, review and adjust financial plans as needed, and educate clients on financial matters and investment options. A career as a financial planner offers the opportunity to make a positive impact on clients’ financial well-being and help them achieve financial security and independence.
Accountants play a crucial role in helping businesses and individuals manage their financial records, comply with tax laws and regulations, and make informed business decisions. They prepare and examine financial statements, such as balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance with accounting principles and regulations.
Accountants also maintain financial records, reconcile accounts, and prepare financial reports for internal and external stakeholders. They may specialize in areas such as auditing, tax preparation, forensic accounting, managerial accounting, or financial analysis, depending on their career goals and interests.
Loan officers play a crucial role in facilitating loans for individuals and businesses. They evaluate loan applications, assess borrowers’ creditworthiness, and determine the appropriate loan products and terms based on their financial situation and credit history. Loan officers also help clients understand the loan application process, gather required documentation, and navigate the complexities of lending regulations. They work closely with underwriters, processors, and other professionals to ensure the timely processing and approval of loan applications.
Additionally, loan officers build and maintain relationships with clients, real estate agents, and other referral sources to generate new business opportunities and promote loan products and services. A career as a loan officer requires strong communication skills, attention to detail, and the ability to work effectively in a fast-paced and customer-focused environment.
Insurance underwriters assess the risk of insuring individuals and businesses and determine the appropriate coverage and premium rates based on their risk profile. They evaluate insurance applications, review medical records, financial statements, and other relevant information to assess applicants’ insurability and calculate insurance premiums. Insurance underwriters also analyze market trends, claims data, and underwriting guidelines to develop risk assessment models and pricing strategies.
Underwriters also collaborate with insurance agents, brokers, and other professionals to underwrite policies, negotiate terms, and ensure compliance with regulatory requirements. Insurance underwriters may specialize in various types of insurance, such as life insurance, health insurance, property and casualty insurance, or specialty lines of insurance, depending on their expertise and interests. A career as an insurance underwriter requires strong analytical skills, attention to detail, and the ability to evaluate risks effectively to make sound underwriting decisions.
Corporate treasurers play a critical role in managing the financial assets and liabilities of corporations. They oversee cash management, capital budgeting, and investment strategies to optimize the organization’s financial position and liquidity. Corporate treasurers monitor cash flows, forecast cash needs, and develop strategies to fund ongoing operations and capital projects. They also manage relationships with banks and financial institutions, negotiate financing agreements, and ensure compliance with debt covenants and regulatory requirements.
Corporate treasurers also assess and manage financial risks, such as interest rate risk, foreign exchange risk, and credit risk, through hedging and other risk management techniques. A career as a corporate treasurer requires strong analytical skills, financial acumen, and the ability to collaborate with internal and external stakeholders to achieve strategic objectives and mitigate financial risks.
A Chartered Tax Accountant specializes in tax law and regulations, providing comprehensive tax planning and advisory services to individuals, businesses, and organizations. They analyze financial data to ensure compliance with tax laws and optimize tax strategies to minimize liabilities. Additionally, they assist clients in preparing and filing tax returns, while also offering guidance on tax-efficient investment strategies and estate planning. Overall, Chartered Tax Accountants play a crucial role in helping clients navigate complex tax matters while maximizing financial efficiency.
A Financial Consultant offers personalized financial advice and guidance to individuals and businesses to help them achieve their financial goals. They assess clients’ financial situations, including income, expenses, investments, and debts, to develop customized financial plans. Financial Consultants provide recommendations on investment opportunities, retirement planning, risk management, and wealth accumulation strategies tailored to clients’ needs and objectives. They also offer ongoing support and monitoring to help clients stay on track towards financial success.
An actuary analyzes financial risks using mathematical and statistical methods to help organizations make informed decisions. They assess the likelihood and financial impact of future events, such as accidents, natural disasters, or mortality rates, on insurance premiums, pensions, and other financial products. Actuaries use complex models to develop strategies that minimize risks while maximizing profitability for their employers or clients. Additionally, they often communicate their findings and recommendations to stakeholders, such as executives, regulators, or policyholders.
In conclusion, a finance degree can open doors to a wide range of rewarding careers in the financial services industry. Whether you’re interested in analyzing financial data, facilitating corporate transactions, helping individuals achieve their financial goals, managing risks, or maintaining financial records, there are plenty of opportunities to pursue a fulfilling career path in finance.
Barbara Friedberg and I had a chance to sit down and have a chat recently. Usually, when I talk to people about their finances they are sharing some inspiring and amazing debt freedom stories. What is most inspiring about what Barbara had to say is that she never really had any debt, to begin with. For her, the idea of accruing debt never occurred to her. (Why couldn’t I have had that mindset, right?)
Here’s a look at the highlights of our discussion and the full video below.
According to Barbara, the secret to wealth has been hustling. There has never been a time she and her husband didn’t have multiple jobs or hustles at once, she said during our interview. Here are a few more of the highlights of the discussion…
Have a listen to the full chat below.
I enjoyed getting to talk to Barbara. Her mindset and ideas about money are something to be looked to for motivation. No matter where you are financially, you can hustle and make your goals happen and succeed.
As far as the secret to wealth or success in your finances, I think Barbara was right in many ways. You have to be willing to be a little uncomfortable to truly improve your situation. No good change comes from being comfortable. Paying off debt is uncomfortable. Living frugally to meet savings goals can be difficult. Hustling to get by or meet your investing goals can be nerve-wracking.
In the end, though, it is all worth it. Your financial freedom will be your reward. For every uncomfortable moment during your journey right now, infinite comfort awaits once you are free from financial worry.
As my birthday approaches, my husband has been asking more about what I’d like as a gift this year. Now, since my birthday falls so close to Christmas, I don’t usually expect much of anything. This year, I asked for his help in creating a relaxing space in our home where I can wind down and feel at peace.
After a while, I thought more about it. People don’t invest enough time or money into creating a home that brings them peace. Usually, they are trying to create a home that looks Instagram-ready (or even just company ready). However, investing in a relaxing space in your home and putting more stock into utility than looks can go a long way.
When it comes down to it, many of us work from home these days. It can be hard to escape from your desk and whatever work you might need to get done. Even if you don’t work from home, having a relaxing space that is meant just for you can make a world of difference.
As a mom and a wife, it is hard to feel like anything is just mine. I wind up sharing my water, my food, my bed, and my space. People living in homes with their families often feel that way too. So, again, having that space set aside for JUST YOU can be amazing.
Think about what you would put in this space and consider how much you’d need to do to make it relaxing for you. For me personally, I’d love a big comfortable chair with an overhead tall reading lamp. A side table with a few books within reach and a yarn bowl would complete it. It’d also be ideal to have that spot near a window in our home.
Overall, it will probably cost less than $500 to put together, especially if I stick to Facebook finds. The price will be well worth the peace it will bring me. Not to mention, I’ll be less tempted to run out and spend money if I have an amazing space to curl up in with my books.
All in all, I suggest utility over cosmetic desires when it comes to buying things for your home. Think about how you want your home to serve you and buy furniture, electronics, appliances, etc. that further that purpose.
This goes for everything from investing in your relaxing space or getting what you need for your kitchen. Buy what works for you and don’t pay any mind to what’s trendy.
Similarly, buy things even if they aren’t pretty, especially if they’ll fix a problem for you. Baby proofing is oftentimes ugly looking, but it is extremely useful when you have a one-year-old wanting to explore everything. A shoe rack might not meet the eye well, but it holds all of your water bottles so you don’t have a pack sitting on the floor somewhere. Things like that can make a huge difference in your day-to-day life.
At the end of the day, investing in a relaxing space and investing in making your homework for you is always worth it. You’ll look forward to crossing the threshold every day.
Lets face it, as kids a lot of us wished we had the resources available to kids today, and while we all love back “back in my days” stories, we should take pleasure in giving our kids the tools we never had, or took for granted while growing up.
Children have the opportunity to develop their entrepreneurial spirit and learn the fundamentals of money management at a young age in a world where invention and creativity recognize no age boundaries. There are many methods for youngsters to make money while simultaneously learning important life skills, whether they are motivated by a desire for financial independence or the excitement of seeing their ideas come to life.
This article explores the topic of young people’s entrepreneurship, illuminating the various ways that young people can succeed financially, acquire valuable skills, and take control of their lives.
Sure you can donate your kids’ old clothes and toys to benefit from a small tax break. But often time you could make more cash as well as instill everlasting life-long lessons by teaching your children how much value is still left in their old clothes, toys, and even videogames. Once they see the results, kids may even being to take better care of their possessions knowing that they could recoup some of the value in the form of cash which can be used towards the next “it” toy or game.
Sites like Ebay, Facebook Marketplace, Offerup, and even Craigslist and great for letting go of unwanted items and bringing in some extra cash. Like many of the suggestions on this list, some level of supervision may be required. These platforms are filled with collectors, budget gamers, and frugal parents looking for a great deal on a pair of sneakers knowing it will be covered in mud in a few days. Your child may not play his old dusty PlayStation 3 console anymore, but there may be demand form console mod enthusiasts and videogame repair stores.
Hard work and perseverance are frequently used to pave the way to financial freedom. Kids have the chance to make money while developing a solid work ethic by performing chores and yard labor.
It takes strength and endurance to work in the yard, such as mowing lawns, raking leaves, and gardening. Kids rapidly discover the thrill of turning an unkempt yard into a neatly maintained area via their diligence. This event teaches the importance of perseverance, discipline, and the benefits of making a sincere attempt.
A strong work ethic is further developed by performing chores for neighbors and at home. The duties involved with chores are a reflection of adult expectations, where it is necessary to do daily tasks in order to maintain cleanliness and order. Kids gain valuable life skills through this experience that support their personal development and responsibility.
The well-known lemonade stand is a representation of young entrepreneurship that embodies the qualities of imagination, initiative, and involvement in the community. Selling pleasant drinks at a lemonade stand in your community is more than just a way to get kids interested in business, marketing, and money management. The takeaways from this ostensibly straightforward undertaking go far beyond the tinkling of coins at the cash register.
More than merely pouring lemonade into cups is required to run a lemonade stand. It entails a complex learning process that begins with planning and preparation. By estimating the amount of lemonade to create based on the anticipated foot traffic, children may learn the fundamentals of supply and demand. As they determine the costs of the components and supplies, this process introduces children to the ideas of resource allocation and budgeting.
It takes imagination and design to produce appealing signs and banners that draw customers. Children learn about visual communication, color psychology, and the value of leaving a lasting impression through this component of the lemonade stand experience. Young business owners may get their first experience of marketing by creating appealing messaging for signs.
Kids with a creative streak can turn the world into a canvas on which to turn their interests into money. Whether their specialty is making personalized T-shirts, painting, or making jewelry by hand, creative endeavors give them a way to express their artistic energy while making money. These activities not only release creativity but also develop a variety of useful skills that establish the groundwork for future entrepreneurial efforts.
For instance, making jewelry by hand helps children develop their fine motor skills and artistic expression. Young businesspeople participate in a hands-on process that cultivates patience and attention to detail, from choosing materials to constructing complicated components. The fundamentals of pricing, inventory control, and customer service are introduced to them when they sell their works at craft fairs, neighborhood markets, or even internet marketplaces.
Similar to writing, painting allows children to visually express their thoughts and feelings. Students are introduced to the commercial aspect of art through the process of making their works marketable, where students learn how to assess the worth of their work, determine prices, and negotiate sales. Their communication skills and self-confidence are improved via interaction with potential customers and the process of describing the motivation for their artwork.
Older children who are strong in a particular area can help younger students by tutoring or providing academic support. Struggling pupils gain from this by getting better marks, and the tutor also develops personally as a result. Tutoring improves communication, patience, and teaching skills since the tutor can modify their strategy to fit the student’s preferred learning method.
Due to the fact that students see the benefits of their knowledge in others’ lives, tutoring cultivates a sense of responsibility and accomplishment in students. The encounter fosters empathy and a deeper comprehension of various learning requirements. Additionally, tutoring sharpens problem-solving abilities as tutors come up with creative ways to break down challenging material and explain complex ideas.
Online platforms have transformed tutoring by enabling virtual sessions that don’t depend on a particular location. Children can interact with classmates who attend different schools, giving them exposure to many cultures and educational opportunities. Their influence is increased by their global presence, which also equips them with a connected world.
Kids now have a ton of options to make money online, thanks to the digital era. The online environment provides young businesspeople with opportunities to explore, including content production on websites like YouTube, compensated online survey participation, and freelance writing for websites geared toward children. Freecash is an easy-to-use game rewards app that lets you play games, complete surveys, all while earning rewards like gift cards and crypto.
Children can express their hobbies, demonstrate their talents, and interact with a large audience by creating material for websites like YouTube. Crafting, gaming, and making instructional videos are all activities that foster presenting abilities, creativity, and a flare for narrative. By focusing on online etiquette, cybersecurity, and the significance of responsible online behavior, parents play a critical role in assisting children as they navigate the digital world.
Kids learn about customer behavior and market research by taking paid online surveys. These surveys provide a window into the information-gathering process used by businesses to develop their goods and services. The experience teaches children about data gathering, analysis, and the significance of their thoughts, even though the revenues may be minimal.
Collecting recyclable items like cans, bottles, and paper goods is a necessary step in participating in recycling activities. Kids may get money by selling these goods to recycling facilities while also actively decreasing trash and conserving resources. They learn the value of responsible consumption and waste minimization as a result of this experience, which helps them make the connection between their activities and their effects on the environment.
By repurposing waste into fresh, usable products, upcycling goes beyond recycling. Children with artistic flare can recycle materials to make jewelry, home décor, and useful objects. Upcycling emphasizes the idea of giving outdated products new life while showcasing their creativity and resourcefulness. As children learn to repurpose items in creative ways, this practice fosters critical thinking and problem-solving abilities.
Making money off of a child’s natural affinity for plants and gardening is a fulfilling endeavor. They can discover the world of horticulture while learning about responsibility, patience, and the cycles of nature via gardening and plant sales.
Growing plants, herbs, or vegetables fosters a profound respect for the natural world and the cultivation process. Through their care and attention, kids see the magic of a little seed growing into a healthy plant. Because gardening involves consistent work, it teaches children the value of dedication and the benefits of caring for living things.
Kids learn about entrepreneurship and marketing by selling the products of their gardening labor at neighborhood markets or internet marketplaces. They learn how to determine prices, showcase their goods in an appealing way, and interact with potential clients. Their ability to communicate more effectively, negotiate more effectively, and get a practical understanding of supply and demand dynamics are all improved by this experience.
As children become older, opportunities to make money rise, and additional tasks that resemble adult responsibilities are added. In addition to providing cash remuneration, babysitting, and pet sitting are two jobs that emphasize responsibility, reliability, and empathy while teaching important life skills.
Babysitting entails providing a secure and nurturing environment for young children. Children who are given this duty learn how to successfully manage their time, making sure that their needs are satisfied and that their activities are enjoyable. As they deal with unforeseen circumstances and make decisions on behalf of their charges, they also develop problem-solving skills.
In a similar vein, caring for pets necessitates a strong sense of responsibility and empathy. Children are entrusted with the care of pet owners’ cherished friends, demanding proper nourishment, exercise, and company. Through pet sitting, children develop empathy and understanding for animals by learning to anticipate their needs.
Regulations pertaining to employing kids vary by state. Check with city agencies about teen jobs in your area for availably and requirements. Search the web for “”teen job openings near me” or ‘teen job hiring near me.” Another option is to pay attention to concerts, events coming to your city, and holiday celebrations. Often times agencies are hiring for these events and will gladly support motivated teens looking to make some extra bucks.
Another benefit of taking on local temporary jobs is the chance to network and make connections. Get your name and work ethic out there. Like financial literacy, its never too early to start fostering traits that are essential to success as an adult.
If you’re creatively inclined, selling crafts or artwork can be a lucrative way to make money as a kid. Consider making handmade jewelry, paintings, pottery, or other unique items that showcase your artistic talents. You can sell your creations at local craft fairs, farmers’ markets, or community events. Additionally, you can set up an online store on platforms like Etsy to reach a broader audience. Don’t forget to invest time in marketing your products through social media, word of mouth, or collaborations with local businesses. By offering high-quality and visually appealing crafts or artwork, you can attract customers and establish yourself as a talented artisan.
If you have a knack for baking, consider turning your passion into profit by making homemade treats such as cookies, cupcakes, or brownies to sell. You can experiment with different recipes and flavors to create a unique product that appeals to your target market. Once your treats are ready, you can set up a small bake sale in your neighborhood, at local events, or even online through social media platforms. Make sure to package your treats attractively and consider offering samples to entice potential customers. Additionally, you can build a loyal customer base by consistently delivering delicious and high-quality baked goods.
The experience of working for money as a young person goes much beyond monetary gain. Every entrepreneurial endeavor offers a special chance for kids to acquire important life skills that mold their character and determine their future success. Children who participate in different business activities not only learn about their hobbies and passions but also develop a sense of empowerment and independence. Their personal development is aided by the lessons they acquire from handling money, engaging with clients, and conquering obstacles.
Imagine no longer having to wake up at 5am by the annoying BEEP, BEEP, BEEP of your alarm.
Think about what it would be like to set your own schedule and not have to work the normal 9 to 5, or more often these days, 7 to 6?
Am I right?
What if instead of getting stuck in rush hour traffic both on your way to work AND on your way home from work, your commute was as short as walking from your bedroom to your home office?
Let’s talk about making money from home!
Whether you’re home with little ones (like me) or simply prefer the convenience of working in your pajamas on your own schedule, as technology advances, securing a work at home position is becoming more and more appealing and more and more attainable.
Today, I’m going to share three ways that you can bring home the Benjamins without leaving your home.
From nurses to call center agents, transcriptionists and even teachers, there are growing opportunities to work from home for a reputable company. Companies like BabyCenter, 1-800-Flowers, and even the Hilton, will pay you to work from home. You may have to stick to a certain schedule and follow the rules of the company you work for, but you’ll have the convenience of working in your own home.
The sky is the limit when it comes to the type of jobs you can do as a freelancer. You can be a writer, graphic designer, virtual assistant, or video editor. Whatever skills you have, you can use them to create a side income or even a full-time income. With freelancing, you are your own boss so it’s on you to find the work, but when you do, you usually sign on for one project at a time. Check out websites like Upwork, Fiverr, and Hire My Mom that can help you find projects or ongoing positions. If you want to get out of the house, consider becoming a Tasker for TaskRabbit, where people can hire you to hang pictures, do their grocery shopping, or even stand in line.
Imagine getting a ding on your phone, and someone wants to pay you $25 to drive them to the airport! Well, you can make that happen by becoming a local driver for Uber or Lyft and get paid to drive people around town. And don’t forget about Craigslist! As you likely know, Craigslist is a free forum where millions of people post items to sell, places for rent, and job opportunities. But you can also post on Craigslist if you’re looking for work. List your skills and specifically what type of work you’re looking for, and you might be exactly the person that someone is looking for! It’s completely free, and free is definitely worth a try!
Becoming an entrepreneur is only limited by your creativity. It’s similar to freelancing, but entrepreneurship is where you focus more on creating a sustainable business rather than performing one-off projects. For example, as an entrepreneur, you can sell new or used physical products, on websites like Craigslist, eBay, Amazon, or Etsy. You can either create the product yourself or sell an item you purchased for a higher price. If you find a company whose products you love, you can often get them at an extreme discount or even for free by selling the products to others who may love them just as much as you!
Do you have a message that you want to share with others? Do you have something you can teach others how to do?
1. You can sell digital products, such as eBooks or online courses and programs. It’s now easier than ever to become a self-published author by uploading your eBook to the Amazon Kindle store and gain access to their hundreds of millions of customers. Alternatively, you could potentially charge higher prices by selling the eBook on your own website.
Websites like Udemy and Teachable, make it easy to create and sell self-study online courses. You create the course, customers purchase the course, and you get paid.
2. In line with that is to become a coach or consultant. Do you have a skill that people keep asking you to teach them or help them with? Are you an expert in marketing, gardening, nutrition, or fitness? If you make it known what you can help people with, you can find clients that will pay you to coach them. For example, my husband and I paid off $120,000 of debt in two years on a single, middle-class income, and now people pay me to help them create and implement their plan to get out of debt!
3. And there are millions of bloggers, podcasters, and YouTube sensations who make a full-time living by sharing their message on the Internet! Usually, they earn money from advertisements or sponsorships, but they may also use the other strategies that I mentioned to create multiple income streams.
Gone are the days where the only way to earn a paycheck is by trekking to an office building across town, working for someone you don’t like with people you don’t care for.
Today, there are more opportunities to work from home than ever before. If you long for the convenience of working in your pj’s or you just want to bring in some extra income, then I encourage you to explore some of these options.
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