Being All You Can Be. Part III: Finance.

In Part II I outlined how there are three pillars to being all you can be: finance, self-sufficiency and enjoyment. And all of them are crucial to being a well-rounded person.

Finance is an important pillar, because it represents the resources that we cannot handle on our own. In Part IV I will discuss the ways in which we can handle as much work as possible, but it’s important to remember that there is a limit to how much we can do from scratch. It’s the whole reason we needed an economy to begin with!

However finance is not just about earning money. Finance is, at its core, about a trade of skills, where you swap what you’re good at for what someone else is good at. Here are a few ways of fulfilling the financial side of your person:

1: Getting a job. The easiest way. Here you swap your skills for money, which you then swap for someone else’s skills. The exchange is distant, but it’s the easiest way of predetermining the value of your work and making sure you have covered all your needs.

2: Swapping skills. A bit more ambiguous, but works in small communities. You bake bread for the neighbour, she weeds your garden. A simple trade.

3: Saving money. If making money isn’t your forte, then saving money is a good way of increasing your resources. This will be explored more in the next part, but in principle whenever you manage to haggle a price down, so something yourself or locate a cheaper version, you have generated wealth.

4: Enabling an earner. This is the way well to do housewives have traditionally generated wealth. It is a mash up of getting a job and swapping skills. You use your skills at home so that the earner does not have to do anything when they get back, allowing them to work to the fullest and make more money when outside.

All of these practices generate wealth by exchanging your abilities with someone else’s, making it easier to get someone else to do those jobs which you cannot do, such as make lightbulbs or treat your infected cut.

Next week we will address the ways in which we can develop our Self-Sufficiency, to become all we can be!

TTFN and Happy Hunting!

 

For help starting out homemaking, check out The ESSENTIAL Beginner Homemaker’s Guide. For help budgeting all your everday and not-so-everyday essentials, from food to transport to clothes, check out On A Budget: The good homemaker’s guide to economizing.
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6 Jobs To Do From Home.

With how much I go on about traditional roles and their benefit to couples, women and men, some may think I don’t support the idea of women working. However I do think women should work. Firstly because avoiding hard graft isn’t a good indicator of character. Secondly because everyone needs hobbies. Thirdly because in this economy both partners need to make and save money together. Fourthly because it offers you some independence in case your partner loses his job, passes away or, yes it is a possibility, leaves. In short, work is good. But not all work is created equal. I also believe most women are better off and happier in traditional roles, away from the stress and drudgery of office-life, looking after their children and their homes. Someone needs to make sure the food is made, the house is clean and tidy, the laundry is done and the cupboards are stocked. And how do I propose reconciling the two angles? By working from home, of course.

These are six jobs that you can do from home whilst still maintaining a home. They will be rated on time investment, startup cost and space needed. All of them can pay very well if you make good choices, use your time wisely and advertise far and wide. So pick one and stick with it, give them all a go or try them all at once and discontinue the least rewarding.

1.- eBay.

Many people think of eBay as either for people who want to sell old rubbish, people who want to buy something or people who have warehouses full of goods. But the simple reality is that you can start an eBay shop with an empty drawer or cabinet, a few hundred to spare, a local post office and a computer.

Time invested:

Wholly depends on how much you sell and how far you are from the post-office. Expect to make two trips a week to post items if you’re successful. Packing takes five minutes per item at the very most, but put time aside at the end of every day to pack anything you sold.

Money invested:

Depends on what you’re going to sell. However I would suggest that, to make it worthwhile, you will want to be investing at least £300 for your “starter” items. That might mean 300 items you buy at £1 and sell at £3 + P&P or 3 items you buy at £100 and sell at £150 + P&P. Therefore, good research is important.

Space needed:

This will grow as you do, but a drawer, cupboard or even a box is fine for storing your items. Maybe a corner of the room or a chair could be repurposed as a packing centre where everything is kept in easy-reach. If your business grows, you will likely expand into a room.

You will need:

-Something to sell.

-Somewhere to store it.

-Packing materials in the right sizes.

-A computer with a seller eBay account.

Things to be aware of:

-Choose a market you know well and research every item before buying it. Investing too much in a loss can seriously hit you when starting up.

-It will take 10 good reviews before your account is trusted by most buyers. It starts slow and steady and builds up from there, so always provide the best service possible.

-Make sure you get proof of postage or tracking on every item you send, to prevent false claims from would-be thieves.

-Only sell as much as you can handle. If you’re struggling when you have 200 items up at a time, don’t add another 100.

Possible returns:

This is a standard two months of selling on eBay. I have five to ten items up at a time, each worth £10-60. Many will sell within a week of posting, most will sell by the end of the 60 days.

Six jobs you can do from home.

2.- Tutor.

Private tutoring isn’t the scary monster a lot of people think it is. You do need a nice room to tutor from and a tidy, sorted house to welcome people into. Or a car so you can travel to students. You also need to know the subject you’re teaching and know it inside and out. But besides that, it isn’t that hard. I managed as an overworked A-level student without connections, so I’m pretty confident when I say that just about anyone could do it.

Time invested:

One hour minimum per lesson, plus fifteen minutes preparation for the first hour and an additional ten minutes for every subsequent hour, plus fifteen to thirty minutes homework prep where relevant. So if you have one student who has two hours a week, that is 135 to 165 minutes of your time.

Money invested:

Most of the financial investment is startup. You will need to make sure you have a computer you can always access, which may involve buying a new computer, for instance. A couple of hundred pounds to remodel the room a little, get some extra furniture and stock up on “school supplies” would be needed. Then from there you only need to pay for the materials your students use and for renewing advertisements.

Space needed:

If you will tutor from your home, you will need a room that is quiet, inviting and well-equipped. This could be your living room if you don’t have kids and your partner is at work, but you will likely need a second room. If you tutor only as outcalls, then you just need space to store your materials. If you tutor only online, then you need a quiet room and little else.

You will need:

-A computer you can always access.

-Relevant books and resources.

-Accounts on various tutoring sites.

-Advertisements on free websites, paid websites and local newspapers.

-All relevant materials.

-A Disclosure of Barred Services if you plan on working with children.

Things to be aware of:

-Many parents will want to sit-in on the first few lessons.

-You can learn as you go along, but practising on friends and relatives first will help a lot.

-Your students will expect your home to be at a good temperature, pleasant-smelling, dustless and organized.

-You will need to adapt your language for every student and deal with people that you may find frustrating or annoying.

-Don’t take on a student you don’t think you can handle.

Possible returns:

Depends on the hours you work, but £6-25/hour is the usual range. Think £6 for something more people could offer, like knitting lessons, to £25 for something fewer people offer, like Mandarin Chinese lessons. You will have to charge around the same as others in your area and often you will charge less for classes at your home than you will for classes outside it.

3.- Housework.

We don’t tend to think of housework as something we can make money for at home. But many people are prepared to outsource some very simple tasks, so it could be worthwhile trying to do their work for some extra money! You could offer a laundry service, a meal prep service, shopping collection or even a firewood preparing service.

Time invested:

Completely dependent on your workload, but not a lot. The customers will drop off their laundry at your home, for example, or you can get ingredients and logs for your customers when you get your own. If you’re doing your own laundry, then put theirs through too. Do their ironing after yours. Collect their shopping when you’re in town. Cook all the meals in a couple of large pots, ready.

Money invested:

The cost of some extra detergent, electricity or ingredients.

Space needed:

No more than if you were doing the job on your own. Though if you’re looking at cooking you may need to upgrade your kitchen and get certified, depending on where you live!

You will need:

-Advertisements on free advertisement sites and in local newspapers.

-Any certification required by law in your area.

Things to be aware of:

-This will need to be something you already do to make it worth your time.

-Your reputation and reviews will be 100% based on customer satisfaction, there is no room to argue your case if you upset a customer.

-It could interfere with your life if you take on too much work.

Possible returns:

Not much, you’ll probably get £5-8 for every hour of work, but it’s extra money for minimal effort.

4.- Care.

Whether it’s pets, children, elderly or disabled relatives or just houseplants, almost everyone has something they need to care for in their lives. But people go on holidays, get ill and have overtime at work. So the care industries are an excellent place to make a little bit of money on the side.

Time invested:

Travel time and however many hours you’re accepting. You could only accept people within half an hour of your home, for example. Or only accept people who want care that is four times the travel time, for example someone who lives 45 minutes away but wants three hours of care.

Money invested:

Depends on the care. Often with pet-sitting and plant-sitting you will be left with the necessary food and care products. However with daycare you may need to assume you will be feeding the children. You will also need to adapt your house to make sure you can properly care for whoever you will care for. For example, you can’t take over elderly or disabled care for anyone if your spare room is up two flights of stairs.

Space needed:

A spare room for whoever you’re caring for. Be it a few dogs, some hens, some potted plants or a teenager, you will need a place for them to sleep, eat and get some privacy.

You will need:

-The time to travel to other people’s homes for care.

-The space to put-up however many people, pets or plants you will care for.

-Experience in a relevant field of care.

-A Disclosure of Barred Services for caring for children or other vulnerable people.

Things to be aware of:

-You may need certification for looking after certain pets or even endangered plants.

-Always investigate anything you’re not sure of and feel free to ask questions. If you’ve kept snakes for years, nobody will worry much if you’re not sure about a certain species.

-Your house will have to be safe, accommodating and roomy enough.

-What people care for may seem odd for you. Someone may love a potted plant more than you love your pets. Someone may want their terrapin to be pampered. If you must turn someone down, do so politely by explaining you’re not sure you could provide their loved one with the care he/she/it deserves.

Possible returns:

The minimum care salary for your area up to £25/h.

5.- Food.

Producing your own food may seem like a smart option, even if you’re space-restricted. But many people don’t realize how easily you can grow a little excess and sell it on. Everything from potatoes, to berries, to eggs, to jams, to cake can be produced in bulk and sold, provided you abide by local restrictions and regulations.

Time invested:

Even if you’re just growing and not processing anything, some time will need to be set aside. For example, if you have fifty rehoused hens that are largely still laying, it may not be enough to collect and box the surplus eggs. You will need to make sure the sizes are either separated (a box of smalls, a box of mediums and a box of larges, for example) or very well mixed (so no box is entirely smalls, for example). You will need to put your signs up. You will need to be hospitable to anyone who shows up asking about eggs and maybe show people the hens. In short, from the moment the sign goes out, you could be busy.

Money invested:

Not much. The cost of extra seeds or a bit of extra feed for some more hens isn’t that high. Just keep growing or producing whatever your land is good for.

Space needed:

Depends how large you want to go. On a medium garden you could probably make space for many vegetable and fruit plants. You could grow herbs and keep rabbits on a tiny patio. You could turn your whole garden over to laying hens. Look at what you have and see what you can do.

You will need:

-A sign to place somewhere fairly busy, with clear directions to your house.

-A sign for outside your house.

-Enough spare food to sell.

Things to be aware of:

-In some places you can only sell fresh produce, in others you need a license to sell certain items. Always check.

-Recommend use-by dates to your customers.

-Keep hygiene spot-on.

Possible returns:

Expect to sell a few baskets of items a day, so keep them priced moderately and it will be easy to get rid of surplus food and start making a profit on your own groceries!

6.- Writing.

This is one people don’t know how to get started on. The easiest way to just start writing immediately and make money is to use a freelance website like fiverr.com. That way you can learn what you’re good at and get ready for more challenging things, like writing ebooks, blogs or novels for publishers.

Time invested:

It takes around half an hour to set up the basics to look right, maybe fifteen minutes to set up each Gig. Advertising isn’t really needed for writing work.

Besides that, however much you want to work. You can expect many people to order many types of text, so consider making a Gig for each of them and then temporarily suspending some when you’re more overworked.

Money invested:

None at all. However bear in mind that all freelance websites will charge a fee and take it out of your earnings.

Space needed:

Somewhere quiet to sit and focus.

You will need:

-A working computer with a good writing program on it.

-A backup hard-drive in case anything happens to your computer.

-A quiet space to work from.

Things to be aware of:

-It’s better to cancel an order than to get overbooked.

-Encourage customers to contact you before ordering.

-Sometimes people will be annoying. If they start acting out, check their page for reviews from sellers. Chances are they’re a first time customer.

Potential earnings:

This is a month of fiverr earnings on the side of my main work, probably an hour a day at the most.

Six jobs you can do from home.And those are six jobs you can do from home with minimal investment in terms of time, money, energy and space. With all of them you largely work your own hours, can cancel and have a few weeks off when you need to or even increase the prices if demand is high. You could do a little of all of them or make one your full-time job.

Got any questions about getting started with any of these? Just ask and I’ll help you out!

TTFN and Happy Hunting!

What is your work worth?

Everyone is obsessed with women’s work. Whether a man chooses to work, live off welfare or be a house-husband, the main contention is with his personal identity. But every time a woman makes a choice about what work she does, people everywhere must ask what value her work provides her, her family and society. And, seeing as there are many sorts of value, I’d like to briefly explore them, their upsides and their downsides.

The first value is, apparently, the only value work has to most people, especially feminist women. Monetary value. How much cash you can squeeze out of your every drop of sweat. The rewards of this value are fairly obvious. More money means more of everything you can buy with money, which, in our society, is everything. Most people’s jobs provide stable income or even secondary perks, like discounts, health plans and freebies. The cons are often neglected. The first and most obvious one is that most people dislike their jobs. And the sizable minority who don’t actively dislike them don’t really like every aspect of them. The vast majority of people, for example, would not do overtime that had no potential reward, or take work home. The second con is that when put in a job, you are often stuck in one place, doing one thing, from about 8 until about 6. If you account for preparation and travel time, many people spend from 6 until 7, or 13 hours, working. This leaves little room to enjoy the rewards of your money, such as extra time, entertainment sources, better food and better clothes and vehicles. If you sleep 8 hours and work 13, that leaves three hours a day to enjoy your bigger house, nice clothes, meals out, entertainment products and the likes.

Which is fine, if your work provides another value: enjoyment. Enjoyment isn’t easily quantifiable. It can’t really be measured, only compared. But you know your work provides enjoyment when you look forward to it, rarely think about anything else when doing it and wouldn’t rather do anything else. Seeing as most people don’t like their jobs but still need to do them, it’s fairly easy to see the downside to enjoyable work: it doesn’t always pay. The upside is, your time is being well spent. When you tidy your whole garden because you love gardening, it doesn’t matter that you’re not paid to do it, because it has value in and of itself. On the other hand, doing the dishes and accounts are examples of work that we bear a grudge against because it provides no monetary value and no enjoyment.

Between money and enjoyment, we work out our third value: time. This is more accurately described as the monetary value of your time (the value you put into it) versus the money and enjoyment it provides (the value you get out of it). Work will either fall into the valuable: something where your time is adequately compensated or rewarded, or the worthless: something where your time yields no tangible reward. The easiest way of balancing your time value is to look at its monetary value, as enjoyment is very variable. So, if you usually get paid £8/h, that’s your time’s base value. If you need to do an hour of unpaid gardening and you enjoy it, it is worthwhile because you enjoy it. If you are doing an hour of gardening for £8 or more, it is worthwhile even if you don’t enjoy it, because that is what your time is worth. If you are getting less than £8 for your hour of gardening and don’t enjoy it, then the activity is worthless to you. On the other hand, let’s assume the gardening needs doing. If you have to pay £12 for it, then it’s more worth your time to do it yourself, as your work is only worth £8/h. If you have to pay £4 for it, then it’s more worth your time to do your own work and pay for the gardening. You will also need to factor how flexible your time is. If you simply don’t have more than 3h a day free to do things and dislike gardening or just don’t feel like it, then maybe it’s worth paying £12 to get it done, because your leisure is worth that extra £4.

Finding that balance between money and enjoyment, the value of your time, is highly important to understanding the value of your everyday work, be it monetized or not. For example, a waitress on 15k who becomes a kept housewife to a man with a salary over 50k may be looked down upon by more “professional” and “liberated” women. But if she enjoys housework more than waitressing and her quality of life has gone up through extra money and enjoyment, her work is actually very valuable to her. On the other hand, a woman who despises housework and has an earning potential of £25/h may not be quite so happy with that arrangement.

The final factor to your work’s value is whether the rewards are something you use up or a reward that creates another reward. So your basic living expenses are used up. Once they’re gone, they’re gone. But all the money you have left after that has some potential. Your enjoyment, on the other hand, is a fleeting thing, even though the things you enjoy might give you a return later. By carefully investing your money and time into things that will give back later, you improve your quality of life without needing to work longer hours.

Bringing that back to women’s work, let’s, for a moment, imagine the home as a community, or a business. When at work, you don’t look at the secretaries, cleaners or apprentices and think “These guys really aren’t pulling their weight.” or “They would be better off as managers.” You understand that they do their job, their job is necessary and they are not ready and may never be ready to become a manager. Likewise, when asking what value someone’s work adds to their life, their family and society, you need to look at what they are capable of. A woman with education up to GCSEs is not a CEO in the making. Unless she has a particular skill she can and will monetize, her work is worth minimum wage, no more. If the cost of cleaners, convenience food, meals out, childcare, etc would work out as more than her hours times minimum wage, she is actually better off doing these jobs than going out and getting a monetized job to pay someone else to do them.

Similarly, we have all seen the effects of someone working a job they dislike. From unmotivating teachers, to bored friends and relatives, to coworkers who just don’t pull their weight. When someone is doing a job they dislike, not much of it gets done. Therefore, regardless of what a woman is doing, she’s probably doing a far better job of it if she likes it, making her work more valuable.

Finally, most of the debate around women’s work concerns women with families, be they just themselves and their partner, kids or even grandkids. Nobody views a single woman’s choice of work any differently to a single man’s. If she’s on welfare, she’s on welfare, if she works, she works, if she lives off her parents, she lives off her parents. Their opinion is likely to be the same for her as for anyone else in her situation. But when a woman is part of a household her work choices become a matter of some sort of gender-loyalty-war, where it is either her responsibility to stay home all day or her responsibility to get a “proper” job. What she actually contributes to her home and what she gets out of her work is not really the matter of the debate, although this topic is often weaponized to prove points. The real matter of the debate is whether she is being “woman enough” by doing whatever she’s doing. Which is a social argument.

And, to be honest, if the debate boils down to that, I have no idea what value your work adds to society.

What I do know is that if your work covers, saves or pays your earning potential, you are happy and your family is well, then whatever you’re doing is clearly valuable.

TTFN and Happy Hunting.