Let’s face facts; becoming a stay-at-home parent can be extremely challenging. This can be particularly true for fathers who choose to become the primary carers to their children, as this is not only a major decision financially, but males may also suffer from social prejudices and outdated conventions relating to gender roles.
Not only are these conventions entirely out-of-date in the modern world, but they are also increasingly irrelevant given the rise of the freelancer and the way in which citizens can now make money from home. In fact, you can now be a primary carer and stay-at-home parent who makes significant money from a home-based role, particularly in advanced and developed economies such as Singapore.
With this in mind, here are some practical ways in which you can make money as a stay-at-home parent while thriving as a primary carer:
1. Market a specific skill or talent
We have already touched on the popularity of freelancing in the modern age, and offers the most obvious vehicle through which to make money as a stay-at-home parent. This is particularly true if you have a clearly-defined and marketable skill, and one which is in-demand in the current climate.
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Social media management, copywriting and SEO are among the most popular skills at present, and learning how to market and execute these can deliver significant gains. The key is to focus on scaling your efforts organically and in-line with demand, while also creating a working schedule that suits your role as a carer.
2. Trade the financial markets
Similarly, those with financial market knowledge (or a keen sense of determinism and a willingness to learn) also have a unique opportunity to profit from home. Thanks to technological advancement and the rise of online trading platforms, for example, it is now possible to trade across multiple areas of the financial markets.
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These platforms also include real-time analysis and news feeds, helping you to make informed decisions that optimise your gains. It is also relatively easy to trade flexibly and in line with your existing schedule, and should appeal to stay-at-home parents with busy workloads.
3. Embrace the thrift market
Interestingly, Singapore also has a thriving thrift market too, with a number of off and online stores enabling customers to buy and sell items at a discounted rate. While you may have previously shopped at thrift stores to save money, however, now may be the ideal time to list your unwanted items online and sell these for a profit.
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This can translate into viable returns, particularly as your monetising items that would otherwise have been discarded. This also represents an easy and passive way to earn income, which is ideal for anyone charged with caring for children.
So there you have it; three relatively simple ways through which stay-at-home parents can generate income from home while caring for their children. There are other options too, depending on your particular skill-set or workplace experience, but the options detailed here should apply to the majority of those who serve as primary carers to their children.
ALSO READ: Stay-at-home mums and grannies in Singapore, this job could be yours!
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