Its challenging enough to survive on
two incomes in this day and age. When the difficult
(and of course rewarding) decision is made to
stay at home with your children, what can you
do to fill the income void in your household?
children are the most important things in the
world to you. They deserve your full attentionand
you have gladly chosen to stay home and care for
them. You know that you have made the right decision.
choice to be a stay at home mother has come with
a price though. Careful budgeting alone cannot
offset that missing second income. Yes, you and
your husband are getting by and your family is
enjoying quality time together, but you have sacrificed
income and benefits to raise your children.
on your profession, your financial sacrifice can
be very significant after a few years. In Ann
Crittenden's book "The Price of Motherhood,"
she calculated that a couple that once earned
over $80,000 annually could lose over $1 million
dollars in lifetime earnings after they have a
child and the woman leaves work and stays at home.
retirement is in jeopardy as well.
matter what level your previous earnings were,
there are long term consequences on your finances
for the years spent raising children instead of
earning a paycheck. Aside from salary, you are
not earning any pension benefits from an employer
or medical insurance, both of which are quite
few women when they decide to stay home consider
that they will cease to accrue any social security
benefits from the federal government. No income
for you means that your benefit rating with social
security is stagnating.
a shame that there has to be such a cost for you
to stay at home with your children. You certainly
value your work as a mom. It's nice having time
to nurture your children's education and interests.
You even get to have fun, and you do not envy
the scheduling hassles that working mothers face
as they juggle job commitments and children's
are not alone either. More women are deciding
to leave the career track and stay at home with
their children. There is a growing trend for families
to decide to make it with only one person working
outside the home. A report from the U.S. Census
Bureau in 2001 showed that in 1998 59% of mothers
with infants worked at a full time job, but that
had dropped to 55% in 2000, only 2 years later.
The appeal of actually being the one to raise
your children is undeniable and more families
are pursuing this important goal.
a stay at home mom has many positive points, but
you still miss being able to earn an income. You
want to continue developing your skills and creativity.
Maintaining your professional skills that you
worked hard to get before motherhood nags at the
back of your mind. You wish you had a way to transform
your time into money without compromising your
need to be at home.
can enjoy the security of a second income again.
is a revolution starting in our society. People
are deciding that they don't want to struggle
through a traffic jam every day and spend 10 hours
at an office away from their families in order
to live. It's time for you to start learning how
people are earning a comfortable living from their
homes. You can start a home based business, raise
your children, and have a profitable professional
existence at the same time.
in a second income and avoiding childcare costs
would be doubly profitable. Think of all the important
things in your financial life that you won't have
to put off anymore.
starting your home based business you won't have
to scrimp and save so much. Yes, youwill still
bargain hunt because it's smart and you're good
at it, but you won't have to feel guilty about
that occasional dinner out.
is no arguing that the work you do as a mother
is exceedingly valuable. The salary research company
Salary.com even attempted to calculate what a
salary for a stay at home mother should be. After
factoring in everything from childcare, transportation
services, accounting, laundry, cooking, management,
and much more, Salary.com came up with a figure
of $90,000 a year. This sounds like a lot but
it was based on a 90 hour work week.
nice as it is to know that your work as a mother
is worth nearly six figures, there is no salary
fairy out there that is magically going to start
writing you checks. You need to take action and
earn money your own way. The way to do this is
with your own home based business. As your own
boss, you will be able to integrate earning an
income into your other valuable and important
the income from your home based business, you
will be able to enjoy the benefits of financial
security. You won't have to worry so much if your
husband loses his job. With your business income
you could even give him the freedom to pursue
a career change that he has been dreaming of.
start earning money for today, for your retirement,
and to give your children every advantage, fill
out the questionnaire below. You will then receive
information about a home based business opportunity
that will let you start supporting your family
in every way.