Being a mother is a full-time job and it is always a big decision to start going back to work after having kids. You have to find a place that has a somewhat flexible schedule, is close to home, and is something you enjoy doing.
There’s also the fact that many mothers simply miss working. Even after staying home and taking care of the baby for a few months, there is a natural urge to head back to work and keep advancing in the career.
Up until the last few years, it was always a black/white option. Either stay home with the kids and don’t work, or find work.
Fortunately for many, there is a third option that exists: passive income. Finding a passive income job crosses many bridges. You can work from home, often choosing your hours and mixing it up with your flexible lifestyle.
If you’re looking for that perfect middle road, then you should look as a passive income job. Some of them may require skills that you already have while others may take a bit of a learning curve.
Writing and Blogging
If you’re someone who enjoys writing, then why not make that a side gig? There are tons of writing options out there, from writing articles to contributing to blog posts.
For those that are just starting out, it’s necessary to start making a writing profile. In order to show your abilities as a writer, you need to show that you’ve actually written something. You might need to start out by writing for free with some websites before moving on until you find a stable gig.
Since many writing jobs are “pay as you go”, this is the perfect form of passive income. You won’t be required to write all the time and if you take your passion into blogging, you might be able to make money while you sleep.
You’ll be able to build up a website via affiliate marketing and generating ads. Plus, you’ll get to choose the topics and write what you love!
If you’ve got some business acumen, then ecommerce could be the right step for you. An industry that’s exploding across the globe, figures project that one out of every five retail purchases will be made online by the year 2021. Crazy!
Ecommerce can take many shapes and forms. You could be selling items from your house or using your website as drop-shipping, which is where you serve as a middleman between the manufacturers and clients. That way you won’t ever have to handle the products yourself, but instead just taking care of the logistics.
You could also develop online courses or ebooks. These take time to develop, but people may be shopping for them all the time, meaning that you won’t have to do as much work after creation and publication!
While you might not become a real estate mogul, owning multiple properties is a great way to build up your passive income. Many people save that money for their retirement, as it’s going to be a steady stream as long as you have tenants living there.
Getting started may be difficult or out of the question for some, but you can at least have a look at lenders to see if there are any options for you.
Then, it’s all about managing the properties and collecting rent. With property management, you can choose who you work with and when, setting up your own schedule and choosing your hours.
Investments can be a scary beast, because of the relative unknown the activity brings. Plus, it can be hard to wrap your head around if you’ve never taken an interest in it in the first place.
One of the safest bets is putting money in an index fund. You’ll have to put aside a certain amount of money for yourself every month and keep doing so in order to see any real return, but it’s a way to make money for the long-haul.
That could be a retirement option or putting away money for your kid’s college. It requires little work, but you’ll want to make sure you’re speaking with a financial adviser beforehand.