More Americans work from home than ever before, with one in four telecommuting some or all of the time. Telecommuting grew by a massive 73 percent between 2005 and 2011. If trading in your suits for sweatpants and your desk chair for the couch sounds appealing, these financial positions might be perfect for you.
1. Dabble in Stocks as a Day Trader
Spend your day monitoring the share market as a day trader. These financial experts hold stocks for short periods of time, sometimes just minutes, before trading them again. All business is wrapped up before the end of the day, which allows you to put away the laptop and connect with your family.
Day trading can be a bit risky as it doesn’t offer benefits or steady money. You also need to spend money on the market to make it. But if you have a talent for trading, you could easily exceed an office wage. Day traders have been known to post returns of 300 percent or more annually. It’s hard to argue with those numbers.
You’ll need a knack for interpreting share market movements and some serious emotional stamina to succeed, but these talents will hold you in good stead if you decide to return to office work. Your share market knowledge would make you a perfect candidate for career opportunities at Fisher Investments and similar firms.
2. Balance the Books as an Accountant
Accounting is a fairly flexible field which often allows telecommuting. Many accountants initially work in an office before transitioning to a full-time work-at-home role, so it’s worth discussing your desire to telecommute with your boss. Some small businesses prefer these arrangements as it frees up office space.
If your employer isn’t happy with a work-from-home arrangement, or you’d like to diversify your workload, you may like to strike out on your own as a freelancer. Whichever model you choose, you only need a computer, a reliable internet connection, and your favorite accounting software to get started. Local CPA firms are good places to approach as you start collecting clients.
3. Tackle Teaching Online
Online learning is on the rise, with 6.7 million students taking at least one cyberclass last year. That’s twice as many pupils e-learning than there was just five years earlier. You don’t always need a teaching degree to turn your hand to virtual education; many schools will employ online teachers with a master’s degree in a relevant area. For example, you could put that accounting knowledge of yours to good use teaching others to become CPAs via Skype or pre-recorded lessons.
Online teachers are typically paid by the course without benefits, although some would call working from home a definite perk. The steady paycheck these positions provide is another real advantage. Pay is commensurate with your workload and educational credentials, but the average online teacher makes $30,000 in their first year.
4. Become a Freelance Financial Writer
Freelance writing is on the rise with demand expected to grow six percent between 2010 and 2020. Finance writing is a booming area which requires more specialized knowledge than penning human interest stories or entertainment pieces. Your experience in the finance world makes you perfectly poised to beat out your competition and take on these roles.
You’ll be paid accordingly for your knowledge, with financial writers often commanding several hundred dollars per article. Some finance writers find they can easily make between $70,000 and $90,000 annually, without ever getting out of their pajamas. You won’t need to eat into that salary with additional business costs either, as writers need little more than a computer and internet access. To command the top pay rate it pays to have a master’s degree in journalism, economics, finance, or management behind you.
5. Go Corporate, Remotely
Being part of the corporate sector doesn’t have to mean joining the rat race. Employers know that jobs working with computers can be done anywhere, so more than ever trust these roles to independent contractors over in-house teams.
Financial analysts, tax researchers, financial advisors, and auditors can all hope to enjoy the perks of working for a corporate firm without the restrictions of an office environment.
The modern workplace is evolving, with qualified professionals realizing they don’t need to chain themselves to the office to make the big bucks. Opt for a better work-life balance by taking one of these finance jobs you can do from home.
Image by Kathy Cassidy