{"id":6627,"date":"2022-02-07T11:34:02","date_gmt":"2022-02-07T11:34:02","guid":{"rendered":"https:\/\/www.clickdo.co.uk\/business-news\/?p=6627"},"modified":"2022-02-08T08:25:10","modified_gmt":"2022-02-08T08:25:10","slug":"retirement-freelancing-investing-and-a-new-baby","status":"publish","type":"post","link":"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/","title":{"rendered":"Retirement, Freelancing, Investing, and a New Baby &#8211; How to Have It All?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a0b79adee033\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a0b79adee033\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/#Saving_Money_With_A_Family\" >Saving Money With A Family<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/#Balancing_Work_And_Family_Life\" >Balancing Work And Family Life<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/#Increasing_Efficiency\" >Increasing Efficiency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/#Freelancing_As_A_Solution\" >Freelancing As A Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.clickdo.co.uk\/business-news\/retirement-freelancing-investing-and-a-new-baby\/#What_do_You_need\" >What do You need?<\/a><\/li><\/ul><\/nav><\/div>\n<p style=\"text-align: justify;\">Did you ever consider retiring early, but without constantly thinking about whether you\u2019re going to have enough money? Even though the corporate world wants to convince you that this is just not possible and that you need to work for as long as you can &#8211; that\u2019s not true at all! If you plan out things correctly from the onset of your adulthood; you\u2019ll be able to retire early and enjoy the fruits of your labor!<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Saving_Money_With_A_Family\"><\/span>Saving Money With A Family<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">So, all of us would like to retire early; after all, there\u2019s absolutely nothing better than knowing you\u2019ve got the financial security without constantly working all day long. Of course, unless you\u2019re born into a rich family, there\u2019s practically no way to have a decent retirement without ever working. However, the line of work you get into will make a huge difference (duh) &#8211; but even more importantly, the kind of <a href=\"https:\/\/www.clickdo.co.uk\/business-news\/what-job-is-best-for-me\/\" target=\"_blank\" rel=\"noopener\">job is best<\/a> for\u00a0you to find. Or rather &#8211; the kind of job you don\u2019t!<\/p>\n<p style=\"text-align: justify;\">Sure, once you start searching for ways of saving money, all the guides in the world will have some basic sound advice. But when you try to test them out in reality, you\u2019ll find out a hard truth &#8211; being thrifty when you\u2019ve got a family isn\u2019t easy. Naturally, you can save up a tidy sum by not splurging on things you don\u2019t need when you\u2019re young and single. But once you\u2019ve got a new baby on the way, can you still save up enough money for early retirement? Don\u2019t worry &#8211; the answer is actually yes! And we\u2019ll tell you all about it.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Balancing_Work_And_Family_Life\"><\/span>Balancing Work And Family Life<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6629\" src=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Balancing-your-Family-and-Your-Work-300x191.png\" alt=\"Balancing your Family and Your Work\" width=\"550\" height=\"351\" srcset=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Balancing-your-Family-and-Your-Work-300x191.png 300w, https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Balancing-your-Family-and-Your-Work.png 622w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p style=\"text-align: justify;\">Let\u2019s get one thing out of the way &#8211; if you\u2019re willing to focus hard enough on your work, you can definitely save enough money to retire before your golden years. However, if you\u2019re looking to start a family, or you already have a new baby &#8211; you also need to be careful so your family life doesn\u2019t suffer. Yes, maintaining a balance between your work and your home life is difficult if you simultaneously want to save money; but it\u2019s not impossible.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Increasing_Efficiency\"><\/span>Increasing Efficiency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6630\" src=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Increasing-Efficiency-300x172.png\" alt=\"Increasing Efficiency\" width=\"550\" height=\"316\" srcset=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Increasing-Efficiency-300x172.png 300w, https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Increasing-Efficiency.png 601w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p style=\"text-align: justify;\">Yes, you definitely need to work hard to save money or to build up your savings for some investment. One of the ways would be investing in long term goals, like retirement, so you can be safe and sound if something unexpected happens. You can invest in various stocks and dividends, but the ones that can generate a lot would be<a href=\"https:\/\/www.suredividend.com\/high-dividend-stocks\/\" target=\"_blank\" rel=\"noopener\"> high dividend stocks<\/a>. Those are the stocks that pay out a dividend significantly in excess of market average dividends.<\/p>\n<p style=\"text-align: justify;\">But in order to make an investment in stocks, you\u2019ll need money earned from a job. So, while you\u2019re doing that, you need to remember an important distinction between hard work and smart work. Sure, depending on what kind of line of work you\u2019re in &#8211; you may definitely be working in a thought-provoking position that requires more brains than brawn. But if you take a moment to think about it, you\u2019ll come to a realization. Even at a smart job, you may be doing some stupid work. If you\u2019re not efficient in the way you do things in your workplace, everything will take longer. And that will make you less efficient overall, forcing you to spend more time working.<\/p>\n<p style=\"text-align: justify;\">Mind you, this isn\u2019t any extra work that\u2019s netting you higher profits &#8211; you\u2019re just not getting the most out of your daily schedule. Sure, if you\u2019re used to a specific routine, that\u2019s not easy to shake. But don\u2019t worry &#8211; with enough effort, you can be a lot quicker at what you do without losing focus.<\/p>\n<p style=\"text-align: justify;\">If you don\u2019t have time-tracking as a part of your job role, that might explain why you\u2019re not spending your work hours efficiently. So, install a time tracker yourself; there are plenty of apps on your phone for such a thing. Then, after a week has passed, check how many actual work hours you have. Perhaps you\u2019ve been slacking off on something? Or there are menial tasks to delegate to someone else? Whatever it is, we\u2019re guaranteed there\u2019s at least a little room for improvement.<\/p>\n<p style=\"text-align: justify;\">At the end of the day, though &#8211; your career may just be too demanding for your family life to bear. Regardless of how many improvements you make, the higher-paid positions that allow you to save up money require a lot of overtime. If that\u2019s the case, there\u2019s only one solution on the horizon &#8211; freelancing.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Freelancing_As_A_Solution\"><\/span>Freelancing As A Solution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6631\" src=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Freelancing-as-a-Solution-300x192.png\" alt=\"Freelancing as a Solution\" width=\"550\" height=\"352\" srcset=\"https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Freelancing-as-a-Solution-300x192.png 300w, https:\/\/www.clickdo.co.uk\/business-news\/wp-content\/uploads\/2022\/02\/Freelancing-as-a-Solution.png 584w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/p>\n<p style=\"text-align: justify;\">Yes, especially in this economy, freelancing might not always seem like the most attractive option. But if you have the skillset and the guts to go out on your own &#8211; you\u2019ll find that this is the perfect way to achieve everything you set out to do! You can build a nest egg and <a href=\"https:\/\/www.clickdo.co.uk\/business-news\/will-your-online-business-make-money\/\" target=\"_blank\" rel=\"noopener\">make money<\/a> for further investments, retire early, and support a family with a new baby.<\/p>\n<p style=\"text-align: justify;\">So, how would this work? In the broadest possible sense, freelancing means that a business or person pays you to employ your talent or skills on a specific project organization. Unlike with a full-time job, you get to make your own hours. However, also unlike a full-time job, you are your own boss. And that has its ups and downs, but if you learn how to do it well it will turn out to be the best decision you\u2019ve ever made.<\/p>\n<p style=\"text-align: justify;\">Crucially &#8211; you can do it from home. Of course, if you have enough work and clients, chances are you\u2019ll still need the help of your spouse or a nanny to take care of your new baby. But you\u2019ll be far more flexible, both in terms of scheduling and in terms of your finances. Remember &#8211; once you deal with the overhead and taxes, you keep all of your money! So, at the same time, you can work from home, take care of your baby (and any possible future children down the line), and save up money for retirement!<\/p>\n<p style=\"text-align: justify;\">Of course, many people will tell you that this is risky. And without a doubt, not having a full-time job with a new baby is not ideal. But if you have an employable and monetizable skill, you will find that the age of the Internet has made freelancing more attainable than ever before. For most modern office jobs, you can basically do the accompanying tasks remotely. Meaning that all kinds of people are opting for freelance.<\/p>\n<p style=\"text-align: justify;\">Plus, there are companies that offer constant project-to-project work as well. Looking for clients is not that difficult; at least not as hard as many people make it out to be. Once you have a good reputation and a couple of projects under your belt, you\u2019ll have no trouble finding work. In fact, more often than not, work will find you.<\/p>\n<p style=\"text-align: justify;\">So, at the same time, you can work from home, take care of your baby (and any possible future children down the line), and save up money for retirement! Of course, many people will tell you that this is risky. And without a doubt, not having a full-time job with a new baby is not ideal. But if you have an employable and monetizable skill, you will find that the age of the Internet has made freelancing more attainable than ever before. For most modern office <a href=\"https:\/\/www.clickdo.co.uk\/business-news\/career-and-job-opportunities-with-metaverse\/\" target=\"_blank\" rel=\"noopener\">career opportunities<\/a>, you can basically do the accompanying tasks remotely. Meaning that all kinds of people are opting for freelance.<\/p>\n<p style=\"text-align: justify;\">Plus, there are companies that offer constant project-to-project work as well. Looking for clients is not that difficult; at least not as hard as many people make it out to be. Once you have a good reputation and a couple of projects under your belt, you\u2019ll have no trouble finding work. In fact, more often than not, work will find you.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_do_You_need\"><\/span>What do You need?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">So, what do you actually need to start freelancing? Well, first of all, you need a skill that\u2019s sought after by <a href=\"https:\/\/www.clickdo.co.uk\/business-news\/find-remote-jobs\/\" target=\"_blank\" rel=\"noopener\">remote job<\/a> companies and individuals worldwide. The good news is &#8211; your startup costs won\u2019t be that high, especially if you work from home instead of a coworking space. The potentially bad news is &#8211; you will need some business acumen and skills. However, this isn\u2019t rocket science. And it\u2019s something you\u2019ll need if you want to get the most out of your freelancing life. While some sleepless nights will be in order, we recommend you talk to an accountant or a CPA with experience.<\/p>\n<p style=\"text-align: justify;\">For starters, you\u2019ll also need a strong desire. You need to be passionate about what you do. Sure, most people will tell you that having a marketable skill is the most important thing. But the truth is, any skill is marketable if you\u2019re good enough. Of course, programming, design, or writing are the most basic ones that will get your foot through the door.<\/p>\n<p style=\"text-align: justify;\">Also, you will need enough money for all of the starting costs. These aren\u2019t high, as we\u2019ve mentioned; but if you need software or training courses, you may need a credit card for a couple of online memberships. Luckily &#8211; there isn\u2019t much you can\u2019t learn online these days.<\/p>\n<p style=\"text-align: justify;\">Next &#8211; you need a good workstation at home. That means a computer you can rely on to get the job done and a good internet connection. Having a comfy chair and a proper desk always helps; it keeps your mind psychologically rooted in the feeling of being in an office.<\/p>\n<p style=\"text-align: justify;\">Crucially, there are no age limits when it comes to freelancing. If you end up liking the combination of a relaxed home atmosphere and constant income &#8211; you may not wish to retire early at all. On the other hand, if this is still your goal, you will be able to build up sizable savings through freelancing work. The key thing to remember is &#8211; it\u2019s never too late to begin.<\/p>\n<p style=\"text-align: justify;\">All estimates show that the \u201c<a href=\"https:\/\/www.investopedia.com\/terms\/g\/gig-economy.asp\" target=\"_blank\" rel=\"noopener\">gig economy<\/a>\u201d is on the rise, especially in the United States and the <a href=\"https:\/\/www.britannica.com\/place\/Western-Hemisphere#:~:text=Western%20Hemisphere%2C%20part%20of%20Earth,America%20and%20the%20surrounding%20waters.&amp;text=Some%20geographers%2C%20however%2C%20define%20the,continuing%20to%20the%20180th%20meridian.\" target=\"_blank\" rel=\"noopener\">Western hemisphere<\/a>. There has never been a better time to become your own boss before now. So, what are you waiting for? All that\u2019s holding you back is uncertainty. But if you play your cards right, you can be damn sure that you\u2019ll make it. Just put together a solid plan about how you\u2019ll transition from a full-time job to a freelance career, and don\u2019t make the jump until you have enough saved to cover <em>at least <\/em>6 months of expenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Did you ever consider retiring early, but without constantly thinking about whether you\u2019re going to have enough money? Even though the corporate world wants to convince you that this is just not possible and that you need to work for as long as you can &#8211; that\u2019s not true at all! If you plan out [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":6632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[278,277],"class_list":["post-6627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-tips","tag-how-to-have-retirement-freelancing-investment-and-a-new-baby","tag-retirement-freelancing-investing-and-a-new-baby"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/posts\/6627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/comments?post=6627"}],"version-history":[{"count":3,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/posts\/6627\/revisions"}],"predecessor-version":[{"id":6646,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/posts\/6627\/revisions\/6646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/media\/6632"}],"wp:attachment":[{"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/media?parent=6627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/categories?post=6627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.clickdo.co.uk\/business-news\/wp-json\/wp\/v2\/tags?post=6627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}