6 Financial Jobs for Work From Home Moms
Many people believe that work from home financial jobs are a prestigious occupation and an ever-growing field of work. Ensuring stakeholder satisfaction is the dream of almost the majority of companies. That involves the right financial statistics, analysis, and reports. If you have a degree in finance and accounting, you are qualified for this field. But if not, don’t worry; there are many financial job options that I will share with you below.
Financial Planner
For many individuals, families, or businesses, working with a financial planner is a good idea when they need help managing their investments or creating a financial plan for the future. So, that’s why you can consider becoming a work from home financial planner.
Financial planners, sometimes known as financial advisors or wealth managers, give clients advice on how they can reach their personal financial goals. Planners work with clients to map out and realize investment and fund management aspirations.
Based on data provided by the client, they will develop plans for debt management, savings objectives and strategies, and personal and family budgeting. Besides, they offer expert counsel on investment strategies, insurance protection, retirement distribution and accumulation, and even estate planning.
Financial planners can make money in a number of ways, such as client fees (management fees, planning fees, performance fees), commissions, or salaries.
For example, if you manage $1,000,000 worth of investments for a client and charge a 1.5% management fee, you can receive $15,000 for the year. You think this example is too good to be true. So let’s see the second example. A client decides to invest $5,000 into a mutual fund that you recommend. So, you can easily receive a 3% commission fee, $150.
The interesting thing is a Bachelor’s Degree in finances is not a requirement for this field. To help advance your financial planning career, you can get some professional certificates, like the Certified Financial Planner (CFP).
Financial Analyst
With the recent growth of business and financial markets, employers’ interest in qualified individuals to provide financial analysis for their businesses is on the rise.
A report estimated that between 2016 and 2026, the American economy will have added 32,200 of these new jobs—an 11 percent increase in opportunities. Additionally, according to the Federal Bureau of Labor Statistics, the median salary of a financial analyst is $85,660.
If you attain a Bachelor’s Degree in finance, economics, or statistics, you can become a finance analyst from home. Financial analysts will examine data and statistics to aid companies in making business decisions.
Based on client fundamentals and market observations, financial analysts suggest courses of action with regard to investment based on performance, outlook, and trends. In addition, they can also help clients determine the efficacy of marketing campaigns or the best possible utilization of grant funding.
Accountant
Accountants can work from home. They can work for small or large companies, either as employees or contractors or start their own accounting firms. According to the figures given by the Federal Bureau of Labor Statistics, work from home accounting jobs are expected to realize a 4% growth within the years ranging from 2019 to 2029.
In order to work as an accountant, you will likely need a Bachelor’s Degree in Accounting. If you want to increase your salary, you may consider becoming a CPA, or Certified Public Accountant. Besides, a Master’s Degree in Accounting may be a good option.
The specific roles of accountants depend on the demands of the industry or the company. Generally, one of the most popular accountant jobs working from home involves preparing, analyzing, and maintaining financial records, reports, and statements.
Bookkeeper
Virtual bookkeeping is a job opportunity that’s open for both the experienced and inexperienced. If you already have a background in accounting or bookkeeping, you can start offering remote services. Besides, it is one of the most lucrative jobs you can get as a stay-at-home mom. An entry-level bookkeeper can earn about $18.50 an hour.
A bookkeeper and an accountant are often misunderstood. Unlike accountants, bookkeepers often oversee the day-to-day financial operations of a company. They maintain daily records of all debits and credits, including the amount of money going in and going out.
Check out one of our articles about what you need to know to get started and where to find bookkeeping jobs. You can find it here.
Financial Writer
Become a financial writer is perhaps one of the least publicized in the industry. However, talented and experienced writers are constantly in demand. In addition to an explosion of financial news, literature, and websites, recent years have witnessed an increased demand for professional financial education and training.
This job is perhaps one of the easiest to do from home for moms who don’t have a finance degree but are interested in this field. You know, there is rarely a shortage of work for a competent writer. Some writers have become successful by writing consistent professional-level copy on financial topics that are well-researched and financially sound.
To become a financial writer right now, you can start your own blog and choose the niche topic related to finance that you’d like.
For example, investing, cryptocurrency, corporate finance, stock trading, accounting etc. Then write blog posts and offer your services. If you don’t know how to blog, this article will guide you step by step. Don’t worry, it’s simple!
Day Trader
As a day trader, you hold onto stocks for a really short time, often just minutes to a few hours, and make lots of trades every day. Most of the time, day traders close all their trades before the day ends.
Even though day trading doesn’t guarantee a fixed salary or benefits, those who do well at it can make big profits. Being a successful day trader is more than just luck; it involves specific skills, using advanced tools, having enough money to invest, and being emotionally strong.
Day traders need to be tough to handle big short-term losses, and they should have enough cash saved up. Some mainly trade stocks, while others deal with derivatives or foreign currencies.
While successful day traders can make a lot of money, even the best will see their profits go up and down a lot from year to year. If you need a steady income, this might not be the right job for you.
Summary
Here’s some financial jobs that you can work from home. These days, a lot of businesses provide that task to moms like you, allowing you to do it at your convenience from home. These work from home jobs may be ideal for you if you have a certificate or degree in finance. If not, becoming a bookkeeper or a financial writer may be a starting point for your financial career. Are you ready?
