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