For many Americans, it’s just not possible to go without an income when there are children involved. Whether you really need two partner’s incomes to provide the best life for your family or you’re a single parent who needs the equivalent of a full-time income in order to give your children the life they deserve, there are options. You don’t necessarily have to have a nine to five setup in order to make ends more than meet. However, you do need some creativity.
There are many jobs and careers that are flexible enough to allow you to enjoy time with your children while still earning a respectable income. Here are a few ideas to get started. Depending on your skills, where you live and the amount of income necessary to thrive, some of these options may be better than others. It’s all about designing an income that works for you, too (and not just the other way around).
1. Digital freelancing
The IRS considers freelancing, contracting and sole proprietorship all one and the same. You can be a freelance writer, designer, makeup artist, photographer or whatever other skill you may have. “Freelancing” has unfortunately got a bad rap because people are calling themselves freelancers when they’ve had a single gig for a friend. The actual earning potential here is limitless, lets you set your own hours and/or work from home, but it does require a lot of ambition.
If you’re in the position to purchase or finance properties that will lead to a passive income from renters, that’s a great thing. However, being a landlord can be demanding since you’re in charge of maintenance, repairs and perhaps even lawn maintenance in order to secure the best tenants. If you get a property manager, though, you can cherry pick exactly what you do (and don’t) do for your tenants.
3. Joining a telecommuting team
If you’re really lucky, maybe a current or previous employer will hire you on as a telecommuter. There are many jobs and careers where telecommuting is a good fit since more employers are realizing having workers on-site isn’t a necessity. Start researching your options for telecommuting and you’ll be surprised by how common it actually is.
4. Capitalize on your childrearing skills
Many successful childcare centers start when a parent realizes they can get paid (quite well) to do what they’re already doing. Whether you simply want to offer childcare services to a select few or you’re dreaming of opening your own preschool, now is the time to get that idea rolling.
Finally, don’t overlook the option of a job that’s very family-friendly and oriented. There are many companies offering on-site childcare, flex options where you can choose your own hours and other perks for parents.