Why should you work from home?
Why should you work from home?
If you need these four things
for your career, then working from home may be right for you:
1. Flexibility in time and location
2. Someone to be at home to provide child care or
other dependent care
3. Long commutes to an office are not for you
4. Prefer to work independently
What are the trade-offs when you work
from home?
There are several issues to consider
when you work remotely:
While the allure of working from home
may seem like a good match, there are issues to consider:
1. Potential disconnection from colleagues and company
culture
2. Your team members may think you work less than you
do
3. It may be harder to collaborate online and through
video conference calls
4. Less in-person, face-to-face time could impact your
career trajectory
21 Ways To Earn $100 Every Day Online
Google Adsense
You can added Google Adsense to my website, I you can able to earn atleast $100 payout within around three months. This is pretty cool,
Text
Links
The second way is to make $100 at first was via text links. If you’re
wondering what text links are, check out any article on the web and you’ll see
highlighted words you can click out to take you to another web page.
Sponsored
Posts
With a sponsored post, a company pays
you to talk about their product or service on their website. You can make $100 to $200 for each sponsored post you put
on Good Financial Cents,
Affiliate
Marketing
Affiliate marketing is one of the
most lucrative ways to make money online. You can add affiliate links to your
website
Display
Ads
Display ads are very similar to
Google Adsense except that the reader doesn’t have to click on the ad for you
to make money. Think of display ads as billboards that are on your website
instead of on the side of the highway
Freelance
Writing
Freelance writing is another way to
earn online income if you don’t mind earning some of your money with active
work. Another benefit of freelance writing is that you can gain exposure by
writing for larger websites.
Getting
New Clients for Your Business
You can start blogging, You can envisioned
your website as a marketing tool to get new clients for your financial practice
planning. This strategy works great..
Coaching
If you have expertise in a specific
field, you can also use the internet to build up a coaching business.
Selling
Leads
You create web site for your client
when someone optin you sell that leads to the business
.
Digital
Products
There are all kinds of digital
products out there, but there is always room for more. I even have a few of my
own!
Online
Courses
you can make nearly digital product
on your own. It could be a PDF, a video series, or a course — whatever you
think fits with your business model. Just keep in mind that you have to deliver
the goods and make sure your product is high quality. If you sell crap just to
make a buck, you’re going to lose street cred pretty quick.
Investment
Gains
Like anybody out there, you can set
up an online brokerage account and buy ETFs or stocks
Peer-to-Peer
Lending
I’ve been making money with
peer-to-peer lending for a long time. With websites like Lending Club,
borrowers and investors can connect for mutually beneficial financial transactions.
Crowdfunded
Real Estate Investing
There are a lot of real estate
investing websites out there, but the one
Sponsored
Social Shares
Like sponsored posts on a blog,
sponsored social shares take place a company pays you to post about them on
social media
Selling
Stuff Online
Another way my wife makes money all
the time is by selling stuff online.
Sell
a Physical Product
Back in the day, my wife and one her
business partners had a subscription box product called Happy Mommy Box.
YouTube
Ads
Even though I used YouTube back in
2011, I didn’t even turn on ads until 2017.
Buying
and Selling Websites
People buy and sell websites all the
time for a variety of reasons. And, if you know what to look for, it’s easy to
buy websites
Brand
Sponsorships
This strategy runs alongside
sponsored posts, but it’s much more involved. Many brands want more than a
sponsored post when they work with you. In fact, they are often willing to pay
for some sort of sponsorship package that includes written content, videos,
social shares, and more
Finally, you can also consider
writing a book. I wrote a book called Soldier of Finance several years
ago,
13 ways to practice self-care when you work from home
·
Working from home is not as easy as
it sounds.
·
You may not have a rigid work
schedule, but too much sitting and spending too much time indoors can have
adverse effects on your physical and mental well-being.
·
According to entrepreneurs who work
from home, it's important to stay hydrated, work out, find some social
interaction, and most importantly, go outside.
·
When working from home, it's
imperative to create boundaries and self-care rituals to maintain a healthy
lifestyle.
·
When your living space is also your
working space, it's particularly easy to fall into the bad habit of never
turning off — and that's not good for your mental or physical well-being.
·
Whether it's working out, meditating,
taking a warm bath, or indulging in a skincare routine, it's important to
nourish mindfully.
·
We reached out to entrepreneurs from
a variety of fields and asked them for their best self-care tips for people who
work from home.
·
Here's their best advice.
Set boundaries between your home and your work
When working remotely, it's tempting to allow the work to continue well into the evening, as there isn't a true separation from home and office.
That's why
it's important to establish a start and finish time each day and to schedule
breaks.
"When
you work from home, it can be hard to determine where the work day begins and
ends "Taking 30 minutes in the morning to think ahead about your day
before turning on your phone and email can help you feel more in control.
Stock your fridge with nourishing snacks
"It can be all too tempting to stress-binge on unhealthy foods when you're having a tough day at work and the kitchen is just a few seconds away,"
This is
especially true when you're the only one working from home and there's no one
around to keep you feeling accountable. While it's certainly not easy to curb a
bad snacking habit, you can limit the impact by only stocking healthy,
nourishing foods in your fridge and pantry.
Work out — even if it's just walking
"I don't care if it's a walk, but you need to work out every day and, if you can, do it in the morning to get it out of the way," a business coach and speaker, told Business Insider. "Start your day with your blood flowing, because when you kick off your day with your tank full, you have more to give to your work."
Working out
is also a great way to avoid isolation as it involves interacting with people.
Take a lunch break
"Take a real lunch break — not the kind where you shove food in your face while reading emails on your laptop and scrolling through Instagram,". "Take a real lunch break and take it away from your computer. It'll be there when you get back. How are you going to take over the world if you don't have any fuel
Create a meaningful morning routine
"A meaningful morning routine can involve journaling, yoga, meditating, or whatever else you find relaxing," Just let it be your time before you start answering calls, texts, emails, and checking social media."
"By
doing so, you set a positive and relaxed tone for the day instead of rushing
into it stressed and anxious. Some of my favorite things to do before getting
into work mode: deep breathing, stretching, making tea and breakfast."
Have a designated workspace
A European Union study found that people working from home have a tendency to have longer work hours and create an overlap between work and personal life compared to those who always work in office.
"No
beds or couches, as comfy as that may seem," she said. "You don't
want your areas of relaxation to be associated with work. Keep your phone and
laptop out of the bedroom when sleeping if possible so that you're not
constantly connected to work."
Get up and move around when possible
Working out once a day isn't enough. According to the experts, you need to be moving throughout the day.
"When
sitting, less energy is consumed leading to weight gain and
chronic health concerns,". "Prolonged sitting has been
linked to higher incidences of metabolic diseases. Take a break every 30
minutes to move. Studies recommend for every hour of sitting, at least five
minutes of activity should be done. I recommend keeping a jump rope or
resistance bands handy for a quick and easy whole-body workout."
Get dressed every morning like you're going to an office
"I was outfitted in workout gear or pajamas for years when I first started my company. "I thought it was the best thing ever until I realized it hurt my productivity, inhibited socializing, and limited how much I left the house."
"Get
dressed like you're going to see a client every day. Keep slippers around or a
hoodie for when you're chilling."
Have a solid skincare regimen
"When you work from home, the lines between work and home life can completely blur. "I use my daily skincare ritual as a way to delineate and create boundaries. In the morning, I use it to regroup and reflect on the day ahead, and at night, my skincare ritual helps me shut off from work and find a precious moment of peace."
Set a sleep schedule
Its recommended setting a schedule to ensure you get at least eight hours of sleep. And if that's not feasible, he said you should try to "steal a nap as often as you can throughout the day."
"For
people who work from home, sleep cycles often get thrown off, as they tend to
not pay attention to time,". "Not getting the adequate amount of
sleep can affect your mood, weight, focus, and productivity."
Meditate
"Meditation is probably one of the most important self-care practices everyone should incorporate into their schedule,". "It not only allows you to rest your mind, but also to recalibrate and prioritize your days."
He
continued: "I recommend meditation to my patients not only for these
reasons, but as a proponent of the importance of connection between the mind
and body. I have seen the positive effects meditation can have on an
individual's overall health and well-being."
Get enough water and fresh air
"There have been studies that show people who work from home tend to overwork, and I definitely find that to be true
"Without
people around, it can be easy to get sucked into the computer, so I make it a
point to schedule mini-breaks throughout the day where I go outside and get
fresh air and refill on water," she said.
Refueling on
water is also key to helping prevent mindless eating, as people often confuse
thirst for hunger,.
"For
some people, it may mean setting an alarm to remind them to drink water every
one or two hours, while for others it may mean keeping water readily available
at their desk. Staying hydrated not only has helped my patients in terms of
energy and focus, but also to maintain a productive lifestyle."
12 things you didn't know you could write off on your taxes if you work from home
Home office
This is the big one for most people working from home.
"If you
use part of your home regularly and exclusively to perform administrative or
managerial activities for your business, you can claim a home office deduction,
Business equipment
Equipment purchased and used at home for your business such as computers, printers, business tools, and supplies are tax deductible.
Business meals
If you're dining out for business, you can deduct 50% of those costs.
Business use of your car
If you use a vehicle for your business, you can fully deduct the costs associated with its business-related usage, including mileage and depreciation.
Travel and lodging
On a business trip, you can deduct 100% of the cost of travel to your destination, whether that's a plane, train, or bus ticket. If you rent a car to get there or to get around, that cost is deductible as well, Hamilton said.
"While
you can't directly deduct the expense of bringing friends and family on
business trips, some costs can be offset indirectly," she said. "If
you're renting a car or a hotel room, you can fill the extra space and still
deduct those costs."
"Keep
in mind that if you incur extra costs such as racking up additional mileage or
upgrading to a double hotel suite, the expense will no longer be deductible
because it isn't 'necessary or ordinary.'"
Gorman
cautioned tax filers to be reasonable with travel expenses, as the deduction
could attract extra attention from the IRS.
"You
need to make sure you aren't being overly extravagant, and it's important to
keep accurate records and receipts," she said.
Telephone and internet
If using the phone and internet are integral to your business (which, they probably are), they're deductible.
"Keep
in mind that if you use your phone and internet connection for personal and
business reasons, you can only deduct the percentage of the cost of these
expenses that was generated from business-related use,". "Keeping
detailed records to prove the amount of business use will help justify these
expenses in the event of an audit."
Qualified business income
This is one of the biggest changes for the self-employed with the 2017 Tax Cuts and Jobs Act. The Qualified Business Income, or QBI, deduction will allow you to deduct up to 20% of the net income generated by qualified trades or businesses.
Music streaming services
"If you use a music streaming service for business, for example, if you host events or play music in your office to entertain clients, then your Spotify or Apple Music subscription is totally deductible,".
Insurance premiums
"Provided they are not COBRA payments, you can deduct self-employed health insurance against your income,". you can deduct renter insurance and home mortgage insurance for your home office.
Repairs and losses
Things like cleaning your home office and home office repairs can be deducted, , as can sudden, unexpected losses due to unusual circumstances in nature, like a fire or flooding.
Retirement plan
Don't forget to fund a retirement plan if you're self-employed.
Why A Passive Income Is Not Just For Retirees
As mentioned, a passive income could
prove to be a useful ally for investors of any age. In fact, it could become
increasingly appealing over the coming years. The world economy has enjoyed
uninterrupted growth since the financial crisis, but this now may be set to
come to an end.
A combination of factors that includes
rising US interest rates, a slowing Chinese economy and weaker economic data
emerging from both countries could lead to a fall in stock prices over the
medium term. An investor who is generating a passive income from dividend
stocks may be able to capitalise on this through having the required cash flow
to invest in high-quality stocks that trade on low valuations.
Furthermore, a passive income could
boost an individual’s overall financial situation. With house prices having
risen significantly in recent years, the cost of owning a property has risen at
the same time as interest rates have remained subdued. As such, it may be
possible to obtain a higher income return in the stock market than is being
paid on existing long-term debt. Over a period of many years, investing in
dividend stocks could therefore prove to be a more worthwhile idea than paying
back long-term debt which is being borrowed at a relatively low rate.
Buying dividend
stocks
While a high dividend yield is clearly
appealing when it comes to generating a passive income, so too is the rate of
dividend growth. This can impact on a stock’s valuation in the eyes of
investors, and may lead to improving capital returns over the long run. As
such, investors may wish to consider a company’s track record of dividend
growth, as well as its forecast growth rate.
Alongside this, the affordability of
dividends is a key part of income investing. A company that has a low dividend
coverage ratio (calculated by dividing net profit by dividends paid per year)
may be unable to raise dividends at a fast pace. It may also signify that the
company in question could be forced to cut dividends in future, should its
financial performance come under pressure.
Of course, checking a company’s balance
sheet and economic moat is crucial before buying it. Doing so could reduce the
risk of disruption to dividend payments over the long run, and may mean that an
investor is better able to benefit from the improved cash flow offered by
income stocks.
Comments
Post a Comment