work from home

9 Must-Have Items You Need to Create the Perfect Remote Office

Nick Wharton — Mon, 11 Jun 2018 08:30:15 +0000

Being able to work from anywhere in the world is an appealing way of life, but without the right gear, it can quickly turn from a dream into a nightmare. A laptop, a smartphone, and Wi-Fi are the absolute basics for building a portable office, but there are some other gadgets that will make your working life more productive and much easier. Here are nine items to help build the perfect remote office. (See also: 15 Ways to Make Money While You Travel)

1. Portable projector

Staring at your laptop screen all day can put strain on your eyes, particularly if you have a compact model that's easier to travel with. It's convenient when you're packing, but this can cause all sorts of problems from headaches to neck pains, and has become one of the main perils of remote working.

Moving around with a desktop computer or large screen is clearly not practical, but a miniature portable projector can provide the perfect solution. It fits in the palm of your hand, making it easy to carry around. It's ideal for when you want to watch video on a larger screen that has HD resolution, or even for when you need to give presentations to clients on the road. You connect your computer to the projector with a USB cable, and the projector shows your computer screen on a larger space, like a wall, curtain, or projector screen.

I just picked an Axxa projector and it's been great. I can just open up Netflix or Hulu on my computer, phone, or tablet, connect it to the projector, and turn any wall into my very own big screen TV. It's bright enough to use inside during daylight, but works much better in lower light. For presentations, it works best if I can dim the lights and close the curtains.

2. Wi-Fi range extender

A strong internet connection is key to working remotely, but depending on where you are, it's difficult to guarantee. There's nothing a like a spotty or painfully slow connection when you're just at the edge of the Wi-Fi range to ruin a day's work.

A Wi-Fi range extender will allow you to increase the reach of an existing network and improve the signal strength. So when you get stuck in a hotel room at the end of a corridor with a dodgy Wi-Fi connection, or find yourself in a cafe with a weak signal, you're still able to make it work.

I definitely recommend checking out either the TP-Link AC1900 Range Extender or a D-Link N300 Range Extender as they both plug into the wall, have great range, and a solid, portable build. You’ll need the Wi-Fi password, but you should already have that anyway from the hotel or cafe where you’re working. (See also: 4 Tech Add-Ons That Can Save Travelers Time and Money)

3. Surge protector

Power surges are an unavoidable reality. Even when you're at home, it's a good idea to always use a surge protector when you're charging your valuable electrical devices, as a sudden jump in power can instantly destroy the components in things like smartphones or laptops — leaving you high and dry.

In some countries, these power surges occur more frequently, so it's even more essential you protect against them. Surge protectors are a cheap and effective way of doing this, and will take the damage instead of your gadgets. You can get some with international plug adapters, too, for when you’re traveling in different countries.

4. Bluetooth speaker

Many people believe that music improves their productivity when they work, and a Bluetooth speaker will allow you to wirelessly blast out all of your favorite tunes no matter where you are. Also, if you're giving a presentation with video or audio content, you don't want to rely on tinny laptop speakers for the sound.

There are lots of affordable options that are compact, lightweight, waterproof, and shockproof, making them great for travel.

5. Noise-canceling headphones

If you're a remote worker who spends a lot of time in public places, then you know just how annoying it is when there's a high level of noise in the background. It can be distracting and make it extremely difficult to concentrate on even the simplest of tasks.

Noise-canceling headphones will make you feel as though you're all alone in a sealed room, even when the world around you is bustling. Models with a microphone will also allow you to make calls in peace, so you can work just about anywhere you please.

6. Power bank

There are very few gadgets that don't require power to function, and even less that you don't need to charge regularly. Smartphones, tablets, speakers, headphones, and other gadgets can all quickly run down after consistent use, leaving you in the lurch if you're relying on them to work.

A portable power bank is ideal for when you're out and about and one of your devices needs some emergency juice. Larger ones are able to hold several full smartphone charges, while smaller ones that can easily fit in your pocket or purse will hold a single charge. (See also: The 5 Best Power Banks)

7. Universal power adapter

If you're a remote worker who travels between different countries regularly, then a universal power adapter is an essential item to have in your bag. Rather than carry numerous adapters, just one will do the job, allowing you to plug in your devices anywhere in the world. Some also come with a built in surge protector that has both plug and smart USB outlets.

8. External hard drive

One of the most important considerations for any remote worker is how to best backup their files and documents. The last thing you want is to have a problem with your laptop and lose all of your work.

The cloud has made it easy to store documents online quickly and safely, but if the Wi-Fi is slow or nonexistent, it's not a feasible option, and it's certainly not possible to work offline. An external hard drive will give you the ability to back up and store all of your important data regardless of the internet situation.

I recommend getting a SSD (solid state drive) external hard drive, as opposed to a traditional HDD (hard disk drive) that works with a mechanical arm-type reading system. HDD systems can be more fragile. I dropped one of my 1TB HDD external hard drives and it never worked again, so I lost 1,000 GB of data!

Today, I use the Crucial MX500 SSD as my external drive along with the StarTech adapter cable to plug it into my laptop through the USB port. This drive is meant to be inside of a laptop, but I find that it's more compact and affordable than most drives that are meant to be external.

9. Backpack

One of the best things about remote working is just how flexible it is. With the right collection of gear, you can set up virtually anywhere in the world and complete your day's work as though you were in a permanent office. But all that portable gear costs money, so it's important to keep it safe when you're moving around.

A good backpack is as crucial as any of the gadgets above to help keep your remote office safe. You should get one that provides some padding for your gadgets, has a separate laptop compartment, some integrated anti-theft components, and is also comfortable to carry around.

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This article is from Nick Wharton of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

11 Ways Anyone Can Make Money Online

Nick Wharton — Wed, 14 Feb 2018 09:30:05 +0000

The internet has opened up a million and one possibilities for earning money online. But not everyone knows exactly where to look, or how to get started. The good news is, many moneymaking opportunities don't require years of training or experience. Having those doesn't hurt, but even novices to the job market can earn money online. Whether you're strapped for cash and looking for a quick way to earn a few bucks, or you're interested in making some serious long-term income, here are 11 ideas to get you started.

1. Start a blog

You may have heard that the top blogs on the internet bring in millions of dollars per year from advertising or other sources of income such as affiliate marketing. But blogs with much smaller readerships can make great incomes, too. It takes hard work and dedication to build an audience, but it doesn't take long to set up a blog. Pick a subject you're knowledgeable and passionate about and start writing.

When my wife and I started our travel blog, we didn't know the first thing about WordPress, CSS, HTML, or any other blogging tools. We were complete newbies, but we have since built our site up to be one of the 50 most popular travel blogs on the web.

You don't need previous experience to become a blogger. You can research and learn everything you need to know about starting a blog on other blogs and in YouTube tutorials. My favorite places to learn about blogging are Neil Patel's blog, w3schools, WP Beginner, and the Yoast SEO blog.

2. Sell your stuff

Those boxes of junk stashed under the bed, the clothes you no longer wear taking up space in your closet, and even your old electronics and appliances can all be converted into hard cash. Simply sign up to an online marketplace site and get listing. It's surprising how much you can make from things you no longer want or need. (See also: How I Make $800 a Month Selling Used Clothes on eBay)

3. Take surveys

Large companies pay good money to get an understanding of how consumers think, and these days they often use online surveys to do that. There are lots of sites that allow you to complete surveys for various clients, so sign up for a few. You probably won't get rich taking surveys, but avid survey takers can earn up to $500 per month. (See also: How to Make Money Taking Surveys Online)

4. Create a YouTube channel

YouTube enables people to earn money through advertising when their videos get a high number of views. To make good money on YouTube, you'll need to create engaging videos that attract a large audience. But even small monetized channels can bring in a few dollars per month, so if you've got something to say, get started and see what you can build from there.

You don't necessarily need a background in filmmaking. In fact, many of the most popular creators have built an audience using very basic filming equipment. What the top talent does have in common, though, is a sense of humor. Laughter sells, so if you're a closet comedian, this may be your medium.

Even if you're not a natural-born clown, if you've got a unique personality or something that's visually interesting to show, you may be able to grow a following that can eventually lead to an income.

5. Sell stock photos

If you've got an eye for a great photo, now it's easier than ever to sell your images online through stock sites like Shutterstock. Companies pay to use these images for various purposes and you get a percentage of each sale when a company buys your image. The photos need to be of excellent quality, but that doesn't mean you have to be a pro photographer to sell images. Even a single photo that's frequently purchased can make a lot of cash.

I've sold photos this way and I'm by no means a professional photographer. Like many people, I take thousands of photos and every once in awhile, I take one that's worth purchasing. I use my blog as an online portfolio, but I've also sold photos directly to brands and through online marketplaces. (See also: Earn Extra Income With Your Smartphone Camera)

6. Become a virtual assistant

If you have experience as an assistant, or simply love organizing and planning, this could be the perfect virtual business for you. Get paid by companies or even individuals for completing administrative tasks from the comfort of your home. Sites like Upwork are a good starting place to find clients, but there are also a lot of niche agencies that are constantly on the lookout for reliable assistants.

A lot of virtual assistant work will require previous experience, but not all of it. I've personally hired VAs to do very simple tasks that can be done by anybody, like going through my email list and finding emails with first names in them, or copying and pasting code to multiple parts of my website. Many people who hire VAs will expect to have to train them, so you can often find work as a VA with no previous experience.

7. Rent out your parking space

If you have a driveway or a parking space in a location where parking is sought after or expensive, then you can earn money by renting it out. Whether it's a short-term rental or a yearlong agreement, sites like Parqex allow you to list your space for free and rent it out when it's convenient for you. Manage it all online and get paid directly into your bank account with no hassle.

8. Teach online

If you have teaching experience, there are plenty of opportunities out there to tutor people in real time online. But even if you're not a qualified teacher, you can still sign up as a native English speaker to help people with their conversational English skills. Sites like italki allow you to create a profile, set your rates, and gather clients through the site. (See also: How I Created and Sold My Online Course)

9. Social media management

If you adore Insta, are fabulous on Facebook, or are a pro at Pinterest, then you could be putting your skills to use as a social media manager. Companies pay good money for people to create and curate engaged audiences on their social media platforms. If you can put together a growth strategy that works and create shareable content that appeals to a large audience, you'll be in high demand.

Similar to VA work, it helps to have some previous experience in social media to get hired, but not all social tasks require an expert. Many of the tasks that people are looking for are mundane and repetitive, but can be done by anyone.

Start out working for smaller blogs for less money and completing the simplest tasks. As you learn, you can work yourself up to higher paying jobs. Request to join different Facebook groups that have a lot of bloggers and online entrepreneurs. Post in the group that you're looking for work and you may be surprised at how many people are looking to hire others to help with social media.

10. Rent your possessions

Did you know that there are peer-to-peer rental websites that allow you to make money simply by renting out belongings that you don't use? That bike that's gathering dust in your garage, the digital camera that only comes out at Thanksgiving, or even the barbecue that only gets fired up once a year — all could be earning you a passive income. Sites like Zilok allow you to list your items easily and you can quickly begin earning an income from them. (See also: 13 Surprising Things You Can Rent for Extra Cash)

11. Rent out your home

If you have a spare room in your house or apartment, or spend long periods of time away from home, you could be making money from Airbnb or other short-term rental sites. You don't even have to be a host yourself. You can pay to have a local co-host who looks after all of the time consuming bits while you sit back and watch your bank balance grow.

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This article is from Nick Wharton of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

4 Creative Remote Jobs That Can Supplement Your Retirement Income

Nick Wharton — Mon, 04 Dec 2017 09:30:06 +0000

For some, retirement is a welcome chance to quit working forever, but for others it can mark the beginning of a new and exciting venture. It could be out of necessity to supplement a smaller retirement income, or a desire to keep yourself busy with a foot in the working world.

Either way, earning money in retirement is an option that plenty of people take, and thanks to the internet, there are jobs that can be done from anywhere in the world. This is especially true for people who have a creative streak. If you're on the lookout for a way to pull in a few dollars using your word or design skills, without stepping foot in an office, here are four remote jobs that can bring in some extra cash.

Blogging

If you plan to travel more in retirement, then travel blogging could be a great option for you. Or if you have some other hobby you’re passionate about, that could be your blog topic. For people who are articulate, skilled at photography, and enjoy sharing information about their passion, blogging can be a creative and fun way to earn some extra dollars. Bloggers earn money in a variety of ways, and though it's by no means a quick path to plentiful riches, you can start to build an income within months. (See also: 5 Easy Ways to Make Extra Money Blogging)

It takes minutes to set up a blog, and once you have the basics in place, you can begin creating your very own online kingdom. Start out with your friends and family and ask them to share your content with their friends and family to give your blog a boost.

The top bloggers on the internet earn six-figure salaries, though clearly not everyone will reach this level. It's not unrealistic to be able to rake in a few hundred dollars per month once your site is established.

Editing

Virtually any written text has the potential to require editing, and these days it's far more likely to be done online than with a pen and paper. If you're a stickler for grammar, efficient at fact checking, and can quickly and accurately knock a piece of text into shape, then you could try your hand at editing. To become a good editor, you should be able to provide objective and useful feedback to help writers improve their work, without being condescending or unnecessarily critical.

There are many places to find editing work online, which will vary depending on the type of content you're working on. Online job marketplaces such as Upwork and Freelancer are good places to start, and allow you to search for and submit proposals for jobs that appeal to you. There are also sites commonly referred to as "content mills" that might not offer high-paying projects, but can be relatively easy to get regular work from as a beginner. Sites such as CopyPress, allow you to go through their training program and earn a certification with them for copy editing, which you can then use to get jobs through the site.

Freelance writing

If you have a way with words and love to share your experiences, freelance writing can provide a great way to supplement your income. There are countless forms of freelance writing, from copywriting to technical writing, so the first step is to find one that suits you. This is different from blogging, in that you'll be writing for other publications, and some assignments may be in print, as opposed to exclusively writing for the web (though there are still endless opportunities to find work creating digital content). It's best to start off with an existing area of expertise that you possess, or something you're passionate about, and then you can expand your repertoire from there.

Many online publications have sections that detail how to make submissions directly to them, as well as information on exactly what they are looking for and how they want it presented. As with freelance writing, online job sites are often a good place to start your search. If you have publications in mind that you'd like to write for, then you can also approach them directly with a pitch.

Earnings vary wildly for freelance writing, and you may be paid per word, per article, or sometimes per hour. Your skill level and the client will determine what you can bill. But in my experience, you can expect to earn anything from a couple of cents per word, up to a few hundred dollars per article. (See also: 22 websites That Will Pay You to Write for Them)

Designing websites

I recently met a retired woman from the U.S. who had been working her way around South and Central America for over seven years. She told me that though her retirement income was enough to support a basic lifestyle, she liked to supplement it by doing extra work along the way. Her part-time hustle was designing websites, a skill she'd taught herself in her free time when she retired.

Whenever she turned up in a new location, she would head out to the local hotels to canvas for work designing or redesigning their sites. Over the time she'd been traveling, she'd built up a good portfolio and found it quite easy to pick up new clients.

Because it's all done online, you can find plenty of web design work that can be done remotely. Web designers can earn up to around $100 per hour, though the average stands at about $59 and it could be $40 at the lower end.

Most websites, particularly for physical businesses, are small and uncomplicated, so even with lower end web design skills, it's possible to create great sites that clients will be happy with. If this is an area you have expertise in, then you can also branch out into bigger projects, but it is still possible to be self-taught and find work.

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This article is from Nick Wharton of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

8 Life Lessons I’ve Learned from Self-Employment

Holly Johnson — Fri, 01 Dec 2017 09:30:05 +0000

In 2011, I started a side hustle that would ultimately lead to self-employment. I didn’t know at the time that I would become my own boss one day. But you know how life can be; sometimes the stars align and you end up doing exactly what you were meant to be doing all along.

And it didn’t take me long to figure out I was, in fact, in the ideal career for my personality and talents. So, after a successful year of part-time work, I quit my steady professional job in 2012 to begin a career as a blogger and online content creator.

Since those early days, my husband has come home to work with me, our profits have grown, and our business dealings (and taxes) have become a lot more complex. Where I was once a novice at all things self-employment, I feel like I finally know what I’m doing.

Of course, most of our biggest lessons were learned the hard way — by messing things up and figuring out how to fix them. I also learned a ton about what not to do just by realizing my own mistakes.

Here are some of the lessons I’ve learned about self-employment, and why I don’t think I could ever go back to my old life. (See also: 6 Moves Every First Year Freelancer Should Make)

1. With self-employment, you reap what you sow

At my old office job, there were days when I would sit and stare at the clock for hours, counting down to 5 p.m. so I could leave. Even when there wasn’t enough work to fill my day, I still got paid for being there.

But self-employment is an entirely different animal. When you work for yourself, slacking off means taking money from your own pocket. When you run out the clock or don’t do your best, you’re only hurting yourself. You don’t get paid for showing up (not to mention vacations and sick days!), nor will you automatically get a salary bump each year or be in line for a promotion. You have to reach for your potential on your own — grow your skills, raise your rate, and land your clients.

Once I became self-employed, I realized that I was the one in charge of my own destiny. If I wanted full-time results, I had to put in everything I had. So that’s exactly what I’ve learned to do. (See also: Day Job or Freelance: Which Is Right for You?)

2. You can’t avoid taxes, so you might as well plan for them

Paying taxes as an employee isn’t that painful. Although you can see how much is withheld from each paycheck you receive, the money is gone before you really see it. And as long as you set your withholdings up the right way, you shouldn’t owe too much money come April 15.

But self-employment taxes can really hurt, and they start hurting even more as your income grows. Since you don’t have money withheld from your paycheck, you have to make a payment each quarter for estimated taxes.

I hate writing those checks every three months, but it’s a lot easier to handle when you have the money already set aside. Over time, I’ve learned to set aside around 30 percent of my income as I earn it so I’m ready to pay my tax bill when the time comes. (See also: How to Budget Consistently Without a Steady Paycheck)

3. Living below your means is the best way to deal with an unpredictable income

While we always earn more than enough money to pay our bills each month, our monthly income often fluctuates by thousands of dollars. This is an inevitable part of self-employment, but it’s one I’ve gotten used to.

Since I hate owing money or feeling like I don’t have enough, I decided early on in self-employment that I wanted to keep our bills as low as possible. As a result, we live well below our means. We don’t have any credit card debt, we don’t have any expensive hobbies or toys, and our house payment is less than 10 percent of our gross income. Even though we could afford to live a little more lavishly, I’ve found the peace of mind that comes with living below our means is well worth it. (See also: 6 Moves Every First Year Freelancer Should Make)

4. When it comes to health care, you’re on your own

One of the biggest drawbacks of self-employment is the fact you don’t have any benefits unless you buy them. This means buying your own health insurance plan, purchasing your own life insurance, and paying all your dental bills out-of-pocket. (See also: How the Self Employed Can Cut Health Care Costs)

While health care has always been a struggle, we are finally at a place where we’re happy with what we have. We have tried a few different plans over the years, but we ultimately ended up in a health care sharing ministry called Liberty Healthshare after the Affordable Care Act was passed.

In terms of dental care, our local dentist offers a $799 per year for a family plan that includes two cleanings with X-rays for all of us plus a 20 percent discount on dental work.

None of this is ideal, but it’s the price we pay for self-employment and something we’ve had to get used to. (See also: 10 Work Perks You Can't Get as a Freelancer)

5. Saving for retirement is not that hard

A lot of people assume that health care and retirement are the biggest issues facing the self-employed. Personally, I’ve found that, while dealing with health care is a pain, retirement planning is a breeze.

You don’t need to have an employer to set up a retirement plan. We set up our own SEP IRA and Roth IRA plans with Vanguard when we first got started, but have since transitioned to Solo 401(k) plans instead. Either way, Vanguard funds are some of the least expensive available, and you can find all kinds of resources online to help you choose the right funds. When in doubt, you can even buy target date funds that automatically adjust for risk based on the year you want to retire. (See also: A Simple Guide to Retirement Plans for the Self-Employed)

6. You have to set limits on yourself

When you work a nine-to-five job, you can leave your work at the office and enjoy your free time at home. When your work is at home, on the other hand, it can be very challenging to separate your personal time from your work time. If you’re not careful, you end up working all the time.

I’ve fallen into the habit of working 50-hour weeks several times over the years, but I try really hard not to. These last few years, I have tried to work only when my kids are in school, or during the hours of 8 a.m. to 3:40 p.m. Once they get home, I put my computer away to do housework and spend time being a mom. It doesn’t always work out that way, but I have a much better work-life balance when I set clear limits for myself. (See also: The 5 Biggest Mistakes People Make When Working From Home)

7. Freedom is better than PTO

If I had a dollar for each time a person asked me if I missed having paid time off, I would be rich! For some reason, people assume that not having paid vacation is a huge drawback of self-employment.

While it may be a downside for some people, I am more than happy to forgo paid vacation in order to set my own hours and work when I want. With the freedom to make my own schedule, I can work ahead any time I take a trip. And I never have to ask permission, either.

At the end of the day, I value freedom over paid vacation and sick days — even if that means working during vacation or having fewer days off each year. (See also: Freelance Your Way to More Income and Flexibility)

8. I wouldn’t trade self-employment for the world

The final lesson I’ve learned from self-employment is that, for me, this was a one-way street. Even though self-employment isn’t perfect, I couldn’t imagine going back to a regular job now.

I truly enjoy the challenge of figuring out how to earn a living without a steady salary. I am used to putting my head down and working hard to achieve my goals without having to make small talk or drive to an office. And I love the fact I can earn more money by working harder, instead of relying on someone else to determine how much money I make. Even though my income varies widely and I don’t have any benefits, I have something more important — real freedom to live my life how I want.

No job is perfect, and that’s certainly true when you work for yourself. But self-employment lets me bet on myself every day of the week — and it doesn’t get any better than that. (See also: 8 Signs the 9-to-5 IS Right for You)

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This article is from Holly Johnson of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

7 Work-From-Home Jobs for People Who Hate Talking on the Phone

Paul Michael — Mon, 25 Sep 2017 08:30:10 +0000

Many work-from-home jobs involve answering or making phone calls as customer service agents or sales representatives. But what if you don't have the noise-free environment required for many of these jobs? Or you'd simply rather walk over broken glass in bare feet than talk on the phone? Well, that's actually not such a big problem these days.

There are many options available for people who want the freedom of a work-from-home job, without the hassle of being glued to the phone day and night. Here are some of the best options for "phonephobics."

1. Customer service email and chat support

How are your people skills? Can you happily sit and chat over a messenger app, or reply to emails like a pro? Well, you could do very well in a customer service position where you write your responses to customers. Several big companies now employ work-at-home reps to assist with issues over email and chat, including AppleCare and Convergys. In fact, at the time of this writing, AppleCare at Home has positions for over 60 advisers available.

You can make over $30,000 per year, or about $15 per hour, performing this kind of work for Apple and other companies, and all you need is a computer, reliable internet access, and good typing skills. Most of the time, you are provided a document telling you how to reply to specific questions or concerns. If you cannot handle the request, you can elevate it to an adviser with specific knowledge of the problem at hand.

2. Data entry

Perhaps the most popular choice for people who hate talking on the phone but want to work from home are data entry jobs. The typical data entry job is just as is sounds; you take data from one form, be it audio recordings or handwritten documents, and usually enter that information into a computer.

What you get paid for this kind of work depends on the kind of data you're entering, and the skills required to do it. You'll be paid more if it's a specialized service, such as medical transcription or language translation. Standard data entry jobs usually pay minimum wage, or less (if you're working per piece, for example, and aren't particularly fast), but it's relatively easy work and you can do it any time of the day or night.

Just beware of fraudulent data entry schemes that are really pyramid schemes or other scams that make you pay for classes or certifications that should be free. It's often hard to find reputable sources for data entry jobs, so be sure to research any potential employer company you find.

3. Tutoring

You can use your skills to make money at home doing one-on-one tutoring in a subject at which you excel. Whether it's math or physics, a musical instrument, or a foreign language, at-home tutors are in demand in every state. What's more, you can set your own hours, your own hourly rate, and the students can come to you. If you prefer, you can travel to them for an additional fee.

If you're looking to get into this kind of work, you have a few options. You can simply place ads online, on outlets like Craigslist and Nextdoor, or you can register yourself with an institution like Kaplan or Smarthinking. (See also: How to Earn $1,000 a Month or More as an Online Tutor)

4. Accounting, taxes, and bookkeeping

If you are skilled with numbers, you can set up a home office and help clients with their books, budgets, and taxes. To do the latter, you will need to be up to speed on all the latest tax laws, and have the best tax software available. For bookkeeping and accounting, you can actually do well even if you don't have a degree in those subjects. However, it usually takes several years of experience before you can build a roster of dependable clients from whom you get regular business.

Some of the biggest names in taxes, including Intuit and TurboTax, employ work-at-home accountants and bookkeepers, and places like AccountingDepartment.com offer full benefits. If you're self-employed, you could easily charge $250–$350 for a session that lasts just a few hours.

5. Freelance writing and blogging

If you have a way with words and research, this is a perfect gig for you. Content is king these days, and there are thousands of websites and publications that are desperate for good, well-written articles and stories.

When you're just starting out, you should not expect to get a lot of money for your work. And if you are starting your own blog, it can take many months to even see a dime for your efforts. But blogging, and writing for the web and magazines in general, is a slow burn. Once you build an audience and get a reliable following, the money will start to trickle in. Do it well, and that trickle can become a rolling rapid. Some of the top bloggers out there earn six-figure salaries, all from the comfort of home. You can get started by browsing sites like Freelance Writing Gigs for jobs. (See also: 5 Easy Ways to Make Extra Money Blogging)

6. Proofreading and editing

How's your grammar? Do you have an eye for detail? Does the prospect of poring over hundreds of pages of text scare you, or could you handle the challenge? Proofreading and editing is meticulous and laborious work, and therefore it's not for everyone. But if you have a fabulous grasp of language, and know (or can learn) the various editorial style guides (such as AP), you could have a great career as a proofreader or editor.

The money you will make depends on what you're proofing, how quickly it needs to be turned around, and how many pages there are. Some places pay around $3–$4 per page, which can be to your benefit if you're fast. Other places charge a standard hourly wage, or you could find a gig that pays an annual salary with benefits.

7. Social media moderator

Also known as a content specialist, a social media moderator is responsible for the content of a brand's Facebook, Twitter, and Instagram channels. To do this job well, you need to have a strong grasp of the brand's core values, as well as the ability to speak in a tone of voice that is appropriate. For example, the contents of Nike's social media will differ vastly in tone from Dove.

You will also need to have almost unlimited availability, as social media is a 24/7 advertising medium. Social media monitors have to pay close attention to customer posts, and must be ready to respond quickly, even pulling posts if they cause offense or come at a bad time. The pay for this ranges from minimum wage up to $80,000 including benefits and bonuses. Just remember — you must be available day and night, and that can be stressful.

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This article is from Paul Michael of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

Beyond Silicon Valley: 7 Side Benefits Your Job Could Offer Soon

Paul Michael — Tue, 12 Sep 2017 08:30:09 +0000

Jobs usually come with an array of benefits. Depending on the size and generosity of the company, those benefits can be huge. Corporations know the value of getting and retaining good employees, and attractive benefits are one way to do that.

But what will those benefits look like in the near future? Here are some possibilities that may be coming your way sooner than you think.

1. Long-term paid maternity and paternity leave

Sadly, the United States is at the bottom of the class when it comes to maternity and paternity leave. The U.S. has no mandated paid time off for new parents, but that could soon change. Some companies, like Amazon, Google, Starbucks, and Etsy are leading the charge by giving their employees a generous amount of paid time off when welcoming a new baby to the family. Many companies are also expanding these benefits to employees who adopt or use a surrogate. With such big name brands setting the example, we may be seeing these benefits become much more common in the near future.

2. A self-driving company car

Make no mistake, self-driving cars are going to be a mainstay of everyday life. So why wouldn't employers embrace them as benefits? Think about the upsides: For starters, self-driving cars are considered safer and more reliable. They also give you time to work or read to and from the office, which means greater productivity for the company paying your salary. Your insurance rates will go down, which adds an additional benefit that the company doesn't have to pay for. You'll never get a speeding ticket, and your chances of being in a collision go down dramatically. If your future employer wants to attract the best and brightest talent, offering a self-driving company car is a no brainer.

3. Identity theft protection

Identity theft is here, and now. It affects millions of people every year, and costs the economy billions of dollars. It's no surprise that employers around the world are already starting to offer identity theft protection as an employee benefit. When someone is a victim of ID theft, it can turn their life upside-down. There is additional stress and pressure on the employee, and that spells bad business for companies. If your employer can cover you for a small cost, it's in their best interest to do so. It's estimated that around 70 percent of employers will offer this benefit by 2018. By 2020, it could be standard, just like health insurance and sick time.

4. Student loan assistance

The average college graduate leaves university carrying over $37,000 in debt. That's a heavy burden for someone just entering the workforce, and it's one that future employers might be willing to take on for the right candidate. Several companies are already helping their employees pay down their student loans, including Nvidia ($6,000 annually), PricewaterhouseCoopers ($1,200 annually), and Fidelity Investments ($2,000 annually). As the acquisition of the best and brightest minds heats up, we might see large corporations start to cover the entirety of the student loan burden for qualified employees.

5. Free health care for healthy employees

Few employers would offer completely free health care to every member of staff. But, if the employee could prove they were in the peak of health, free health care would be a generous reward. How could this happen? Well, some companies are already instigating large health care discounts in return for employees taking physicals, getting skin cancer screenings, and reporting weekly exercise routines. A healthy, fit employee is far better for the employer than one who is unhealthy and takes more sick days.

6. A home office

As each year passes, more companies are giving employees the option to telecommute. It makes good financial sense, and also saves time and effort. A long commute wastes gas, leaves the employee feeling frazzled and rushed, and eats up time that could be spent doing other things. So, it will behoove companies of the future to furnish their employees with everything they need to work from home. From a computer and smartphone, to a videoconferencing system and mail station, employees of the future may increasingly be offered an office away from the office — all at the expense of the company.

7. Catered meals

Good nutrition is the foundation of good health. Companies of tomorrow could encourage this practice by offering free catered meals to every employee. This will, of course, mean that your employer will have a say in what you eat, but having two of your three meals provided free of charge, Monday to Friday, is not only saving the employee money, but the time taken to go out and get meals or prepare them at home. Some companies, like Twitter, already do catered meals for their employees. Expect this trend to catch on as employers look for out-of-the-box ways to entice top talent and encourage healthy living.

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This article is from Paul Michael of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

Flashback Friday: 36 Ways to Stay Productive While Working From Home

Chrissa Hardy — Fri, 01 Sep 2017 08:30:10 +0000

Working from home is fun, sure, but it can be tough transitioning into that professional lifestyle from a regular office setting. While you can roll out of bed and power up your workspace without getting all fancy, there are tons of productivity pitfalls that could ruin your workflow. Here's how to remain productive when you're working from home.

6 Ways to Prepare for Your Work at Home Gig — Preparation is key to being successful in anything you do, and working from home is no exception. You'll still need to create a clean workspace, complete all your tasks, and get in social interaction where you can. This guide will seamlessly ease you into that life.

The 10 Best Productivity Apps for Really Busy People Like You — When you work from your home office, it can be insanely tempting to take a nap on the couch between conference calls and have the TV on all day. The key to remaining productive can be found in any of these apps.

5 Ways to Stay Productive While Working From Home — Make sure you're taking enough breaks throughout the day to clear your head. And don't let your inbox suffocate your flow. These are extremely important to remember when you're working from home.

The 5 Biggest Mistakes People Make When Working From Home — One of the biggest struggles work-from-homers face is knowing when to shut it down for the day. When you're already home, you might inclined to keep working after a normal workday ends. Don't do it!

6 Rules of Creating a Powerfully Productive Workspace — You will not be productive in a home office unless your workspace is designed to keep you focused and productive. Need some help getting one set up? These rules will help!

How to Live the "Location Independent" Lifestyle — If you can work from home, you can probably make "home" just about anywhere. And if becoming location-independent is the route you choose, you should read this primer first.

This article is from Chrissa Hardy of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

These 4 Sites Pay Writers Serious Cash

Kat Tretina — Mon, 31 Jul 2017 09:00:04 +0000

When I first started my freelance writing career, I was happy to get any work I could find. I would take on any assignment no matter how little it paid, simply because it meant I was getting some money. Like many beginners, I turned to content mills to find work. (See also: 6 Places to Find Freelance Writing Jobs)

My wake-up call came when I completed a 1,000-word article and was paid a whopping $10 for the privilege. It had taken me hours, and I made less than minimum wage. From that moment on, I swore off content mills completely.

However, the industry is changing rapidly, and demand for quality content is rising. As companies grow, the rates they're willing to pay for quality writers have also grown.

If you're an experienced writer, you can diversify your income by working with more lucrative content mills. Here are four sites that offer jobs that pay up to $2 a word.

1. Contently.net

Contently.com connects big brands like Walmart and Facebook with seasoned writers, journalists, and other talent. They do this through their freelancer database, Contently.net.

Because the companies that work with Contently are established, well-known businesses, they are willing to pay much higher rates than others. In fact, many assignments pay between $1 and $2 a word, especially if you have expertise in a certain subject. For example, writers with legal knowledge can bring in up to $575 for a 400-word article.

Contently works differently than the content mills you've used in the past. Rather than a job board or bidding process, writers create portfolios of their past work. Contently editors then search these portfolios to find writers that would be a good match for an assignment. For example, a writer with a background in IT would likely be a good candidate for a computer software company needing an article. While this process is simple and hands-off, the downside is you may be waiting weeks or even months between assignments.

If an assignment matches your experience, Contently editors will contact you with an offer. They will share details on what the assignment entails, along with the pay rate. From there, you will work directly with the Contently editors as your point of contact until the article is complete and you receive payment.

2. ClearVoice

Founded in 2015, ClearVoice is relatively new to the market. When you sign up for an account, you can set your minimum rate. Afterward, the company will only send you opportunities that meet your pay requirements, weeding out the lesser assignments. Right now, there are assignments that pay between $0.10 and $1 a word.

If your work has been published on well-known sites, you likely have a ClearVoice portfolio already. The company searches for prominent writers, and automatically creates a page for them. You can create your own account and get started quickly.

Like Contently, ClearVoice likely won't be your primary source of work. You might not get assignments for a while, or may go weeks between jobs. However, it can be a good source of supplemental income.

3. SkyWord

SkyWord works with companies like Lending Tree, Overstock, and others to offer decent-paying gigs to experienced writers.

With SkyWord, you create a portfolio to build your visibility. Unlike other platforms, SkyWord showcases how many shares your work has received on social media. If you produce more engaging content, you are more likely to get more opportunities that are also higher paying.

Rates can range from $40 to $150 per article.

4. eByline

eByline works with both large and small companies, and has a database of over 2,000 writers. Clients set their own rates, so you'll find that the pay ranges from a low $0.05 a word up to $1 a word. It depends on the size of the business, complexity of the assignment, and your location.

Unlike the other three sites, eByline has a job board where writers can submit a pitch for work. Or, if a brand likes your work, they can send you an offer for a particular article.

eByline is careful about what writers they accept. They look for recent publications in your portfolio, and look to fill gaps in expertise. For example, if you're a beauty writer, you might have a harder time with your application than someone with experience in a smaller niche, like economics. If you are in a competitive industry, you might wait weeks for an assignment that fits your expertise.

Bottom line

If you're sick of writing for peanuts and are looking for higher-paying gigs, these four content sites can help connect you to better work. While these companies are not ideal for beginner freelancers, they can be a strong source of supplemental income for established writers. (See also: 22 Websites That Will Pay You to Write for Them)

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This article is from Kat Tretina of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

How to Live the "Location Independent" Lifestyle

Sarah Winfrey — Tue, 25 Jul 2017 09:00:10 +0000

Have you dreamed of traveling the world, using your laptop and a Wi-Fi connection to do all the work you need to do, from anywhere you want, whenever it's convenient for you?

For years, this has been called telecommuting and more recently, digital nomadism. Lately, this lifestyle has been called "location independent," because you can live and work from anywhere. I have been living this life for over five years now and, while I haven't used my freedom to travel the world, I wouldn't trade my current life for anything.

Living this way seems like a lofty goal, reserved for a few people with trust funds or for those lucky enough to have that perfect, unattainable job. But the truth is, living the location independent lifestyle is probably within your reach. Before diving in, here's what you need to consider. (See also: 7 Trendy Destinations for Digital Nomads)

Determine what your goals are

Before you make any solid plans to quit your job, decide what you want from a location independent lifestyle. Do you want to travel the world? Or do you want to keep your home and much of your life, but have the freedom to take days off when you want them, or maybe spend more time with your kids or an aging parent?

I chose location independence because I knew that my husband's job was going to involve at least a couple of moves in pretty quick succession, and because I wanted to spend time with my children while they were young. It's not quite as romantic as working from a beach in Tahiti, but it has worked quite well for us.

Make a plan

If you like the work you're doing now, would your company let you work remotely? This can be a toss up, depending on what, exactly, you do and who you work for. But it can be worthwhile to ask around or to approach your boss directly. The worst they can do is say, "No."

Fine-tune your skills

Consider, too, your skill set. A lot of work can be done on a freelance basis. Things like writing, editing, proofreading, business coaching and consulting, and more, are easily done with just a computer and an internet connection. When I made my transition, I chose to focus on writing and editing, because I had already done a little work in both fields, and because I saw a lot of good opportunities around me. Whatever you choose, make sure it's something you like and something where work seems readily available. (See also: 22 Websites That Will Pay You to Write for Them)

Sell the stuff you won't need

If you're going to travel, you will also want to think about what to do with all of your possessions. Will you store them or sell them? Even if you only plan to travel part-time, you might not need to own as much or have as much space.

Figure out health coverage

Health insurance is another important consideration. If you are currently getting that through an employer, you will want to figure out what you will do once that expires. Will you buy your own, or go on a spouse's plan? Map it all out beforehand so you're prepared for any potential obstacles.

Test the waters

Before I went location independent, I built up a freelance clientele while I kept my day job. This meant quite a lot of hustling to get everything done, but it also meant that when I cut my ties to that steady job, I knew I had other sources of income coming in.

Sometimes people also find out that they aren't cut out for working independently. They miss their coworkers, they don't feel motivated, or get sad and depressed. So spending some time actually doing the work that you plan to do after you quit can be key to ensuring your future happiness. (See also: 8 Life Skills Every Freelancer Needs)

Be flexible

Living a location independent lifestyle has it's own set of problems, separate from those that people face when they live more traditional lives. Clients can up and disappear, or you can be so swamped with work that you don't look up from the computer for four days. People forget to pay, or they think they can get away with shorting you. A client could reject a project after you've put hours and hours into it. Or maybe the Wi-Fi dies at your hotel, 30 minutes before a big pitch. Or your Airbnb doesn't even have Wi-Fi, or someone else is in it when you get there, or you find out you actually hate the part of the world you've moved to.

While you do have recourse in most of these situations, you will get through them easier and like your lifestyle better if you remember that these are simply the ups and downs of this kind of life. They can feel bigger and harder because they are so different from the ups and downs of a regular life, but the truth is that they will all pass. Things will get better. You will become more savvy at figuring out which clients to take, where to stay, and more.

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This article is from Sarah Winfrey of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

7 Surprising Ways to Earn Money Online

Damian Davila — Mon, 12 Jun 2017 08:30:14 +0000

The internet isn't all about cats with attitude, hashtags on social media, and endless Reddit discussion threads. There are also plenty of ways — some a bit off the beaten path — to make money. Here are seven surprising ways you can earn money online.

1. Sell your photos

National Geographic estimated that every American took an average of 322 digital photos in 2015. If you can easily beat that number and have serious photog skills, you should consider uploading your photos to sites that pay you every time somebody wants to download and use your image. Sites such as SmugMug Pro, Shutterstock, Foap, Clashot, and iStockphoto allow you to submit your digital masterpieces for review or you can apply to become a paid contributor. (See also: Earn Extra Income With Your Smartphone Camera)

2. Complete microtasks

If you have some extra time on your hands, rather than scrolling through your Instagram feed, make a little money by writing 50-word product descriptions, transcribing audio, or making sure that uploaded photos don't contain sensitive material. Sites, such as CrowdFlower and Amazon's Mechanical Turk, allow you to find single, self-contained tasks that provide a monetary reward. Initial tasks usually pay just a few cents, but once you obtain higher qualifications you can earn much more. (See also: 6 Ways to Earn More Money — Without Working More Hours)

3. Create an online course

When you're really good at something and could teach it to anybody in your sleep, then you could earn passive income by creating a robust online course and receiving royalties every time that somebody watches your lessons or tutorials, or signs up to the service as a paid student. Some options to build on-demand courses are Skillshare and Udemy.

4. Tutor in real time

Since some students learn better by doing, you also have the option to deliver live tutoring through the web. Sites like Chegg Tutors and Tutor.com are constantly looking for experienced tutors on a wide range of subjects at the high school and college levels. (See also: The 3 Best Jobs for Expats and Travelers)

5. Become a beta tester

Some people wait in line for hours to get the latest smartphone model or video game platform. If you're one of those, ErliBird.com offers you the opportunity to get a sneak peek and provide feedback on upcoming apps, websites, and products. Some assignments require ownership of a Windows PC, Mac, or other specific devices. Depending on your set of demographics and the needs from clients, the site provides up to five assignments per month, each one paying $10.

6. Be a virtual jury member

If you just can't wait for the day to be called for jury duty, you can increase your chances of becoming a juror by signing up for eJury.com. Don't let the late '90s retro design fool you, this site is real and the Texas-based company has an A+ rating with the Better Business Bureau. Assignments depend on location and demand from attorneys in that area, so it may take a while for you to land an assignment. But when you do, expect a $5 to $10 payment via PayPal. (See also: 13 Ways to Make Money Online That Aren't Scams)

7. Snap photos of help wanted signs

With the Job Spotter app from job search engine Indeed.com, you can accumulate points by taking photos of local job signs with your smartphone camera. For about 30 seconds of your time, you can win up to 150 points for submitting a local job sign. Once you hit 100 points, you can turn that into a $1 in Amazon.com credit. If you're a frequent Amazon shopper, this is a pretty good deal for the amount of time that you have to invest.

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This article is from Damian Davila of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

How to Live a Retired Life Before Retirement

Nick Wharton — Fri, 02 Jun 2017 08:30:07 +0000

Many of us dream about being able give up the day job and settle into a life of freedom, flexibility, and financial security in retirement. But unfortunately for many Americans, this dream is getting further and further out of reach. The reality is that the average age at which U.S. citizens are able to retire is on the increase.

Being financially prepared is rightly a large concern, particularly because people tend to make big plans for when they do finally retire. It also means that some people put off following their dreams with hopes that they will be better able to afford them later in life.

But if you're sensible with your savings and clever with your planning, it's possible to find a balance between securing a comfortable retirement and still living life to its fullest.

Take more time off

Taking vacation is something that shoots fear into the hearts of millions of people. Reasons for this vary from being worried about the amount of work that we'll face when returning to the job, to fears of losing our job altogether as a result of taking too much time off. It's a sad fact that the majority of Americans don't take their full vacation allowance each year, with 55 percent reporting leaving days unused, according to Project: Time Off.

If you're among the large number of Americans who don't use their vacation days, then the first step to getting more holidays is simply to take them. Booking your vacations far in advance will allow your employer to plan effectively for the time that you're not there. It also gives you time to help ensure that whoever is covering you knows what they are doing and is properly prepared.

If you're already using your allotted time off, consider asking for more. Requesting extra vacation is understandably daunting for many people, but as the old saying goes, if you don't ask, you don't get. It helps if you can provide justification for your extra holiday time, like a dream trip to Europe, and it's even better if you can demonstrate it will have a positive effect on your productivity. In fact, a study by the Harvard Business Review directly linked having more vacation days to an ability to get work done quicker.

Another option that many don't even consider is to take unpaid time off. Though this may seem counterproductive, it's basically like buying extra vacation days. If you value your time off then it can work out to be very cost effective.

Ask your employer about "banking time," which basically allows you to work overtime shifts for regular pay (instead of the regular time-and-a-half), and then use those banked days to extend your holidays or take a few extra days off throughout the year when you need a break from the grind.

Focus on discounted, cheap, and free experiences

A great way to enjoy the quality of life that you crave without breaking the bank is to take advantage of discounted and cheap experiences. You might have a list of things that you want to do, see, or accomplish in your lifetime that you're putting off because you think it's too expensive. Instead, try looking out for when it's possible to do these things on the cheap.

Always wanted to visit a certain country? Research when high season is and make a plan that allows you to go in low season instead. This will save you money on flights, accommodations, and many activities to do while you're there.

Create a bucket list with a twist. Rather than containing activities that cost money, focus on experiences which cost little but provide you with a high sense of personal achievement. Physical activities are good for this, like hiking a certain mountain route or running a marathon, as well as things that will tax your brain like writing a book or learning an instrument.

Move somewhere cheaper

Lots of people envision moving away to a rural area or a tropical place when they retire, but why put it off until then? Moving to a cheaper city, state, or even country could allow you to live out your dreams, save more, and work less all at the same time. If you're not tied to your home by your job, then it doesn't necessarily even have to be a permanent move. You could spend half your time in the cheaper place having fun while still saving money.

Numbeo ranks the U.S. as one of the most expensive places to live in the world. This means there's a lot of choice if you are looking for somewhere cheaper to settle down abroad. With 8.7 million Americans living overseas, you won't be alone. There are many attractive, cheap locations that could be the perfect place to call your new home.

If you don't know where to start, write a list of what's important to you in your everyday life and research which places can accommodate those aspects of your life. Lots of countries in South America, Asia, and Europe are significantly less expensive than the U.S. but still offer a great standard of living.

Moving to a new country isn't a decision to be taken lightly, and definitely not one that should be made based purely on cost. You need to be sure that the move is right for you and is one that will have a positive impact on your life. But there's no need to hold off until you're 65 to move to an amazing location.

Work from home

If your career is getting in the way of living the life you want right now, then perhaps it's time to start thinking about changing to something that will allow you to do this. The office environment is rapidly transforming, and working from home is no longer a rare and prized entitlement for the lucky few. If you don't have to spend time commuting or dressing for an office environment, you can free up time to do more of what you want to do.

Lots of employers are becoming more flexible when it comes to this idea and there is a wide range of opportunities that are well suited for remote work. Advancements in technology have made remote working progressively easier, with a Gallup survey showing that 43 percent of employed Americans spend some portion of time working from home.

Some industries that have embraced remote working include finance, insurance, and information technology, so it's a bonus if you already have a background in one of these fields. But even if you don't, the trend of working from home is growing, and may hit your industry soon.

Don't confuse working from home with doing less. It's not a way to ease into the retired life in that sense. What it does bring is flexibility around when you work, as well as potentially huge savings in the time wasted getting to and from the office. It's also common for it to lead to increased productivity thanks to having fewer distractions at home than in a typical office environment.

This article is from Nick Wharton of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

How to Tell if That Home Business Opportunity Is Really a Pyramid Scheme

Holly Johnson — Fri, 03 Mar 2017 10:30:39 +0000

Work from home! Get out of debt! Make a full-time income selling products you love! Such are the promises of companies and their agents looking to recruit people to be distributors or "consultants" for them.

These types of "job opportunities" are called multilevel marketing (MLM), and most people who sign up never realize the benefits. If you're considering becoming a distributor for an MLM company, beware of the many warning signs that you could end up making little to no money, or worse, adding to your debt. (See also: Multi-Level Marketing: The Future or Folly?)

Tupperware, Avon, and Mary Kay are some of the best known MLM firms, though they sometimes shun that term in an attempt to distance themselves from controversy-laden companies such as Herbalife and Amway. Both of those companies have been accused of making inflated earnings claims and of being pyramid schemes. The main difference between MLM companies and true pyramid schemes is that the primary purpose of a pyramid scheme is recruiting other distributors, rather than making direct sales. Pyramid schemes are illegal. (See also: 8 Terrible Work-From-Home "Jobs" You Should Avoid)

What Are MLM Companies?

MLM companies, also called network marketing or direct selling companies, incorporate a business model in which representatives make money in two ways. The first is direct sales to consumers — often friends and acquaintances — through parties, social networks, and other web sales. The second income source is commissions from sales made by team members you recruit, also known as "down line" distributors.

IBISWorld estimates the direct selling industry makes $41 billion in revenue and employs about 800,000 people. Intense competition from mass merchandisers has kept growth to a modest 0.6%.

MLM Promises Are Tempting

The sales pitches of MLM companies can be alluring, especially for stay-at-home moms, students, and the unemployed. Just imagine, they exclaim, a work day that includes jumping on social media, talking up strangers at the grocery store, or networking with friends. By selling products you love and believe in, you could earn extra money while enriching others' lives. And if you could convince a few friends to become distributors beneath you, you could have your own business — becoming the "boss" for the first time in your life. The promise is this: If you pour your heart into your business, get people to sign up beneath you, and never give up, you can (and will) become successful — no matter what.

And when it comes to recruiting new distributors, some MLM companies pull out the big guns. It Works! — a company that sells body wraps, supplements, and personal care products — advertises huge cash payouts for new distributors who meet specific sales goals. How huge? The company frequently advertises bonuses of $15,000 or more for their top tier sellers, although it's hard to find concrete data on how many sales you need to make to earn these bonuses, or how they are paid out. (See also: 17 Part-Time Jobs to Do While Your Kids Are at School)

The Problem With Multi-Level Marketing Operations

While people can and do earn huge sums of money with MLM companies, there are myriad pitfalls to avoid. First, it can take a ton of sales to get anywhere near the mind-blowing income levels posted on corporate websites. And to reach the highest ranks of earners with any MLM, you may need to recruit dozens of people to work beneath you (with them recruiting people to work beneath them as well).

Secondly, as we mentioned before, the line between MLM firms and pyramid schemes is fuzzy. In a pyramid scheme, the price of the products sold is inflated, making them hard to sell and causing the vast majority of participants to lose money. The Federal Trade Commission (FTC) warns of the similarities, noting:

Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it's probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.

Even if the company is legitimate, most MLM companies require a "buy in." You'll need to pay a certain amount of cash upfront to sell their products. While these "starter kits" normally cost a nominal amount (a few hundred dollars), they will certainly start your business in the red. If you're trying to make money to pay off debt, that's the last thing you need. (See also: 11 Signs the Job Is Too Good to Be True)

How Much Do MLM Distributors Really Make?

If you make money right out of the gate, then a nominal investment could be money well spent. Unfortunately, most distributors for MLM companies barely eek out a profit, let alone earn a full-time income from home. You can find proof directly on their websites.

Let's go back to It Works!, the body wraps and personal care products company. According to its 2015 annual income disclosure statement, 82% of its representatives had been with the company for an average of one month and were still on the first rung of the payment hierarchy — distributor status. Their monthly earnings ranged from a low of $1 to a high of $3,847, with a monthly average of $54.

Income grows incrementally up the ranks, and tends to coincide with longer time spent growing the business. But income growth is slow, and the percentage of distributors who stick around more than a month drops dramatically. Only 7.8% of It Works! sales people are at the Executive level. They've been there an average of three months and earn an average of $231 a month. About 0.6% of reps are at Double Diamond level, making an average of $4,741 a month after 13 months of effort.

Of course, some huge, mythical incomes do exist. According to the disclosure, the top tier income earner (. 02% of all distributors) — Ambassador Diamond — pulls in around $37,583 per month.

Unfortunately, the average income for all It Works! Distributors was only $227 per month in 2015.

And It Works! is far from the exception; their distributors actually make more than those working for many other MLM companies. Check out these annual income figures from other multilevel marketing disclosures for more proof:

Thirty-One Gifts: a company that sells organizational totes and monogrammed bags. In 2015, the average consultant (92.1% of distributors) earned $548 per year.
Scentsy: a company that focuses on candles and wax warmers. In 2014, the average lowest-level rep, called an Ecsential Consultant, earned $81 per year, while the average Certified Consultant (one level up from Ecsential) earned $463 per year.
Advocare: a company that sells nutritional supplements and diet products. In 2015, the average annual compensation paid by Advocare to active distributors was $1,586.
BEACHBODY: a company that sells fitness products and nutritional shakes. In 2015, the average BEACHBODY coach earned $502.
Isagenix International: a company that focuses on nutrition and diet products. In 2015, 87% of Isagenix business builders earned between $702 and $2,101, on average per year.

As you can see, the average "little guy" is not making bank with any of these companies. In fact, your average distributor may be earning $100 per month or less. If they're a hobbyist who signed up for product discounts, then that might be fine by them. But when someone signs up to follow their dreams, the reality of not earning much can burn.

MLM supporters argue that the reason so many people don't earn more is because they aren't really dedicated to building the business. Barriers to entry are very low, so many people sign up, then lose interest and give up in a way they wouldn't if they were building a regular business in which they'd had to invest more.

But there are also real challenges to growing a viable business using the MLM model, even for committed salespeople. For example, many MLMs ask you to focus your sales efforts on family members and friends, which can be awkward and presents a limited pool of customers. Even if you expand your sales network, the products may be overpriced, making them difficult to sell.

Lastly, it's not easy to grow your sales if your MLM is overly saturated with distributors already. And if you happen to recruit a distributor (the key to earning commissions), they then often become your competition.

Tips for Vetting an MLM Company

Just like anything else, it pays to do some research before you sign up for a multilevel marketing company. As the FTC notes, it's smart to not only consider the products, but to learn more about the company itself.

Questions to ask should include:

How long has the company been in business?
What is its standing with the BBB?
Has the company been sued for deceptive business practices?
What are the company's annual sales?
What percentage of average sales are made to distributors, as opposed to retail consumers?

Beyond those considerations, the FTC suggests making sure you understand compensation structure, terms and conditions, and potential business expenses. Also, get all the company's details, including their refund policy, in writing.

The U.S. Securities and Exchange Commission also offers an array of tips for people vetting a MLM and trying to avoid a pyramid scheme. According to the SEC, you should:

Watch out for MLMs that don't appear to offer a product or service. If you can't figure out what a MLM sells, run.
Be leery of MLMs that promise huge returns in a short amount of time. If it sounds too good to be true, it probably is.
Be skeptical of companies that offer compensation for little work. Terms like "easy money" and "passive income" should be a red flag.
Look for proof of retail sales. Ask to see documents that show how the MLM generated revenue from the selling of its products to people outside the program.
Think long and hard before you "buy in." Question the value of any opportunity that makes you purchase a product to get started.
Watch out for complex commission structures. If it's hard to understand how you'll get paid or you can't figure out how commissions work, beware.

Lastly, the FTC and SEC both suggest avoiding MLMs that place a heavy emphasis on recruiting members to work beneath you. The hallmark of a pyramid scheme is when you make more money recruiting than you do for product sales.

Check out these FTC and SEC pages for further details on how to vet a multilevel marketing company. While these companies do offer a path to earning extra income, the reality is that most of that income goes to the very top few earners, not to the average distributor like yourself. And if you don't wind up earning much, the costs of buying a "starter kit" and hosting parties could easily leave you in the red.

This article is from Holly Johnson of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

11 Ways Freelancers and Telecommuters Can Make Friends and Network

Andrea Cannon — Wed, 22 Feb 2017 10:30:36 +0000

Working from home can be a great thing. It allows you to work where you want, when you want, and has a number of other perks. However, it can be a bit lonely. Luckily, with the power of the Internet (and some motivation to get out and socialize), even those without an office water cooler to mill around can network and make new friends.

Networking Resources

Working off-site can take a toll on your professional network. To build your reputation, find mentors and collaborators, and connect with people in your industry, take advantage of some of the following networking resources. (See also: 15 Simple Networking Tricks)

1. LinkedIn

LinkedIn is one of those most common, popular ways to build and maintain professional relationships. It makes it so easy to network online with other professionals in your field. You can also use LinkedIn to find networking events and opportunities in your area, or connect you with organizations you are interested in.

2. Shapr

Shapr is an app that can connect you with like-minded people, allowing you to swipe left (pass) or right (interested) on your connections. You can set your favorite ways to meet, your passions and interests, and what you're looking for (collaborators, job opportunities, inspiration, potential investments, or new friends).

3. Work Your Existing Connections

Ask friends, past and current co-workers, or even your employer for recommendations on local networking events or seminars. Most cities have their own organizations that specialize in these types of events for working professionals of all kinds. If you can't find any from asking around, try a Google search, LinkedIn, or social media.

4. Take Classes

Consider taking a night class. In addition to growing your skills or teaching you something brand-new, you might befriend some fellow classmates along the way. Even online classes can connect you with new people with similar interests or background in your field.

5. Volunteer

Research some local organizations that could use a hand, and offer your time. Not only will you be contributing to a worthy cause, but you'll also be gaining experience (which looks great on a resume), expanding on your skill set, and of course, meeting new people. Volunteering allows you to become part of a community, which is a great way to expand your network.

Friendship Resources

If you don't get out much, maybe you should start! In the meantime, your smartphone or computer can also be the perfect friendly matchmaker.

6. Bumble BFF

Bumble was originally a dating app, but has expanded to include a "Bumble BFF" feature. Instead of swiping left or right on potential dates, you'll do the same for potential friends. Once you're paired with a new friend, you have only 24 hours to start a chat, so procrastinators and fair-weather friends aren't welcome.

7. Atleto

If you're looking for a workout buddy, then Atleto can help you find local sports activities and fellow fitness enthusiasts. The app can connect you with friends from your existing social media accounts, or you can find new friends in your area. This is a fun way to find an accountability buddy to help you reach your fitness goal.

8. Friender

Friender allows you to swipe left or right on potential connections. You'll create a profile based on personal interests and activities you enjoy, and Friender will recommend a few folks with mutual interests. This app is only for making friends, however, so you won't have to waste time with people who are looking for more.

9. Meetup

Meetup is an online organization with nearly 30 million members that hosts endless gatherings and social functions. You can meet people based on your occupation, personal interests (like hiking or cooking), location, and other factors that are important to you. Join a local club, take up a brand-new hobby, or explore somewhere new, all while making new like-minded friends along the way.

10. Social Media

There can be more to interacting with your Facebook friends than a simple "like" or the occasional comment. Reach out to those friends and old co-workers through Facebook, Twitter, and/or Instagram. Invite them out for lunch or drinks, and simply catch up. It'll feel great to get out and sit with people face to face.

11. Get Out More

Once you are no longer in school or working from an office, it can be challenging to meet new people in person. The best thing to do is visit places where connections naturally occur. Maybe find a book club through your local library, or sign up for that fitness class or 5K you've been aspiring to run. Try a local arts or cooking class, or even take your kids on a playdate where you can mingle with fellow parents. There are countless ways to meet new people if you just get out there!

This article is from Andrea Cannon of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

8 Terrible Work-From-Home "Jobs" You Should Avoid

Andrea Cannon — Tue, 04 Oct 2016 10:00:15 +0000

Working from home can be very rewarding, and it can provide the type of lifestyle you've been seeking. The number of remote jobs is also increasing, with 20 to 30 million people working from home at least one day a week. If you're ready to start working remotely, it's important to do your due diligence and use reputable job sites to find a legitimate work-from-home job.

However, there are some work-from-home jobs that just aren't worth the time or energy. According to FlexJobs, there are 60-70 scams for every legitimate job opportunity, so we've covered some of the most common scams to help save you time on your search. When in doubt, if it sounds too good to be true, it probably is.

1. Stuffing Envelopes

Stuffing envelopes is the oldest scam in the book, dating back to the 1920s. Many people consider this to be a pyramid scheme that will end up costing you more than you make. According to the Federal Trade Commission (FTC), the only way to make money from this "job" is to persuade your friends and family to sign up for the same scam that you did.

Often, you'll be required to invest in a starter kit, so you'll need to spend money upfront, and typically, the kit never even arrives. It is extremely rare that anyone actually makes money stuffing envelopes, and even if you did make money, it would be in the pennies, or you would only generate income if the mailings generate responses.

2. Craft Making

It may sound like fun to craft for a living, but you will often spend more than you make with these endeavors. If you are required to pay for your own materials upfront, this is a good sign that it's a scam. In fact, most of these companies are making money selling the starter kits, not selling the assembled product. Often, the company will claim that the crafts you assembled don't meet their specifications (even if you assembled them perfectly), so you won't get paid for your hard work and will be left with assembled crafts that you can't use.

3. Costly Billing

Any position that requires you to purchase expensive computer software or equipment upfront is typically a scam. Medical billing "jobs" typically require this. In fact, when it comes to medical billing, the vast majority of offices choose not to outsource their billing services to individuals in order to observe health care privacy rules. Instead, they opt for established companies with on-site, trained workers.

4. Check Cashing

Typically, these types of jobs will require you to cash a check in your personal bank account. You get to keep a portion of the check and send the remainder to the hiring company. In most cases, the check is a fake and you will be held financially responsible. Cashing a check for someone puts the full responsibility on you. This means that if the check bounces, it's your responsibility to repay the debt. Along with potentially costing you money, check-cashing schemes can be illegal.

5. Money Laundering

This scheme works similarly to a check-cashing scheme. You will be asked to transfer money in and out of your personal bank account. This money may have been acquired through illegal means, which means that you could be at risk of having criminal charges brought against you.

6. Filling Out Surveys

Completing online surveys may seem like fun, easy work, but you will only get paid pennies for each one — meaning it will usually take more than a day to make just $1. These companies usually don't pay out until you've made $20 or more, which can take weeks or even months. It's just not worth your time.

7. Reshipping Services

This "job" may sound simple enough. You are required to accept shipped goods to then repackage and ship them to new locations. However, the items have usually been ordered with stolen credit cards, which means that you could be at risk of prosecution for the transport of stolen goods.

8. Postal Jobs

While working for the post office isn't a scam in itself, one of the most common work-from-home scams is for hidden or "previously undisclosed" federal government jobs, such as post office positions. According to the Federal Trade Commission (FTC), any federal and postal job postings should be free to apply to and can be found on USAjobs.gov or through the USPS site.

Another common scam is paying someone to help you pass the postal exam. This exam is basically an aptitude test, so it isn't something you need to study for. Therefore, it doesn't make sense to pay for practice exams or tips to help you pass. Some companies will even offer a refund if you don't pass the postal exam, but then won't pony up when you do fail.

How to Avoid a Scam

The best way to avoid a terrible work-from-job is to do your research. Check the company out on the Better Business Bureau, look online for complaints or reviews, and think twice before spending any money on the position. You should be cautious of any job that requires you to pay money upfront for supplies, training programs, or application processing fees. You should never have to pay to get a job. If the job title or description is generic or vague, this can also be a red flag. (See also: 6 Ways to Spot Work-at-Home Job Scams)

If you're confident that you're working for a legitimate company, but they still want you to purchase equipment or software upfront, inquire about the return policy if the position doesn't work out. Most importantly, you should never give out your credit card or bank account number to a potential employer. Another red flag is if they ask for any sensitive personal information, such as your social security number or driver's license number. Not only is this a red flag, but it may also put you at risk of identity theft.

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This article is from Andrea Cannon of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread:

6 Surprising Things You Still Can't Do Online in 2016

Sarah Winfrey — Wed, 10 Aug 2016 10:00:09 +0000

It's 2016. The digital age, right?

Well, that's mostly true. There are more and more things that we can do online. And it's nice. Who wants to spend time standing in line when you can take care of business from the comfort and privacy of your own home?

Still, every once in awhile, you run into something you can't actually do on the Internet. Here are the things I've found that you still have to do in-person.

1. Use Food Stamps

It has recently come to light that people using food stamps cannot purchase groceries online. This can keep those who live in food deserts from obtaining healthy, unprocessed food. There are some movements online to change this but, for the moment, you have to show up in-person to buy groceries via a government program. While it might be harder to eliminate food stamp fraud, allowing food stamp use online would allow many Americans to eat healthier.

2. Make DMV Changes

This can vary a bit from state-to-state, but many places will not allow you to do things like change your address online. While some states will let you fill out an online form to make the change, you will still have to print it out and either send it in or take it to the DMV to get the change into the system.

Since you can't usually change your address online, I suppose it follows that you can't take the written driver's test online. While this makes sense in terms of eliminating test fraud and cheating, it means that every single person who wants to take the driving test needs to make an appointment, making for crowded DMVs in many states.

3. Apply for a U.S. Passport

Similarly, you can input all of the information you need to get a U.S. passport online, but you can't actually submit the form. For that matter, you can't pay for it online, either.

When it comes to passports, you have to submit your old passport when you apply for a new one. This helps eliminate fraud and helps the government track the different passports you have had. Since you can't send your passport through the computer, the government asks you to send your whole application packet together, by old fashioned mail.

4. Vote

While you can register to vote online, you can't actually cast your vote that way. It seems like it would be a positive move: more people would participate in elections, and the overall cost of having an election would go down.

However, voter fraud is a real thing. While there are probably some ways to implement online voting that would at least make fraud hard, the government hasn't invested itself there yet. Some states, like Colorado, are starting to send every registered voter an absentee ballot, though. That way, you can vote from the privacy of your own home, even if you have to send the ballot through the mail instead of the wires.

5. Pay Some Utility Bills

I don't know about you, but I still have a couple of utility bills that I can't pay online. Instead, I have to either send a check or pay by phone. You would think that even small companies would permit online payment, but there are still those that don't.

It seems like this is more common with small utility companies, like the family-owned trash company that services my area, or rural ones. If you can't pay online, try giving them a call. Paying by phone is almost as easy, and many companies are more than happy to let you use your credit card that way, so you don't have to have checks in order to pay your bills.

6. Register a Birth Or a Death

While you can often request documentation of a birth or a death via the Internet, you can't actually register either online. Even U.S. citizens born in other countries have to visit an embassy (or have parents do so) before they can get an official U.S. birth certificate or passport. For children born in the U.S., it's usually enough to have a hospital verify the birth and submit the proper paperwork, so the family doesn't have to actually present the baby anywhere.

When it comes to birth and death, the chances for fraud are very high. Even with all of the cyber security that's possible these days, more birth and death certificates would be fraudulently issued if the process was available online. When someone is held accountable for issuing these certificates, fraud is less likely.

Have you run into anything you can't do online? Do you think that's a good decision or not?

This article is from Sarah Winfrey of Wise Bread, an award-winning personal finance and credit card comparison website. Read more great articles from Wise Bread: