We could all do with a little extra cash right now. Inflation hit 3.5% in 2021, while wages only increased by 2.3%. Speaking from experience, full-time parents are feeling the squeeze more than most. So how can you improve your financial situation?
Many mums worry they don’t have the time or energy to commit to the most fulfilling or financially rewarding professions. Sure, now might not be the time to start (or restart) your career as a human rights lawyer. But thankfully there are plenty of non-conventional ways to earn good money in the modern age without committing to a rigid 9-5 job.
Lots of these side hustles revolve around an internet connection and a flexible schedule. No draining daily commute, demanding bosses or stuffy offices. Sound appealing? Then read five ways to create a new stream of income that suits your lifestyle.
Freelance writing
Have you always had a way with words? If so, freelance writing could be your ideal venture. You might write anything from social media posts to website copy or emails, taking on new projects on a one-off or retainer basis.
With clear deadlines and deliverables, you can write whenever best suits you – whether that’s during nap time, school hours or after your kids have drifted off to sleep.
Language tutor
It’s easy to overlook your ability to speak English. You’ve probably done it for most of your life without giving it a second thought. But you might be surprised by the demand for English language tutoring from people in China, Japan or even your local area.
As an online tutor, you’ll hold short video call sessions at scheduled times each week. Your allotted time might depend on the time zone of your students – which could suit your parenting schedule anyway.
Retail investor
A combination of lockdown boredom and increased accessibility drove 435,000 Australians to trade shares for the first time in 2020. You can sign up in minutes and start investing from your smartphone at any time of the day.
There are plenty of markets to explore, from foreign exchange to commodities and contract for difference (CFD) trading. You’ll need a solid foundation of knowledge first – but with a little practice, you could make healthy returns with minimal effort.
Pet sitter
If you’ve mastered looking after children, then how hard can it be to care for pets? Lots of people with busy schedules need someone to feed, exercise and groom their animals when they’re away.
Regular dog walks in the great outdoors could do wonders for your mental and physical health too!
Fitness coach
Have you rediscovered exercise after having children? Lots of mums (and dads) are desperate to get back in shape, and fitness coaching allows you to dictate your hours while helping people like you.
You might create content or courses online or coach in person in your local area. Either way, you can plan workouts on your own time and stay active yourself.
Could any of these side hustles allow you to boost your income this year?
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