| If you are an aspiring work from home mom, you may | | | | Maintenance allowance $7.00 (towards the cost of |
| have already heard these common objections from | | | | routine oil changes) |
| your husband (and perhaps that nagging mother in | | | | Daycare (1 kid) - $540 |
| law): | | | | Clothing - $60 (towards a yearly budget) |
| We shouldn't have to pay for an extra phone line. | | | | Cell Phone - $80 |
| We can't afford to upgrade the computer. | | | | Lunches - $130 (She ate out roughly three times a |
| The company should pay for the transcription | | | | week) |
| equipment. | | | | Coffee - $76 (She stopped every day at Starbucks |
| You will be wasting your time and not making a "real" | | | | for a __mocha) |
| income. | | | | TOTAL MONTHLY EXPENSES - $1367 |
| Why can't you keep your "real job" / get a "real job"? | | | | INCOME - $2080 at 40 hours per week and $12/hour |
| So how can you overcome these objections? It's | | | | PROFIT - only $713 for an entire month! |
| simple. | | | | Working from Home |
| The secret is in numbers. Men understand figures and | | | | The car was sold, so she eliminated the costs of gas, |
| costs. | | | | insurance, repairs, and the hefty car payments. Her |
| If you are presently working outside of the home, what | | | | son no longer went to daycare. She could go to work |
| kind of expenses do you have? | | | | in her sweats, eliminating the need for work wear. She |
| You may have car insurance on a second car you | | | | discontinued her cell phone service as soon as the |
| wouldn't need. Add in the cost of routine maintenance, | | | | contract was up and she eats lunch at home and |
| gas, repairs, eating out at lunch time, that coffee you | | | | makes her own coffee. She is saving a bunch of |
| grab on the way to work, professional clothing, dry | | | | money! |
| cleaning, a second cell phone, and if you have children, | | | | However, there are a few expenses she now has to |
| DAYCARE! Note that these expenses are ongoing. | | | | include: |
| Now compare that to getting started with a | | | | High-speed internet - $39 |
| telecommuting company as an independent contractor. | | | | Second phone line - $25 |
| Once you have your home office set up, your only | | | | Coffee from home - $20 |
| monthly expenses will be the added telephone line (if | | | | Lunches at home - $60 |
| required), high speed internet (most people like to have | | | | Now we will calculate her income at a slightly lower |
| that anyway), and the electricity you are using (which | | | | hourly rate, as telecommute jobs typically pay around |
| is a very minimal amount). | | | | $9/hour. To be realistic, we will also reduce the |
| Not everyone has these figures readily available, so I | | | | working hours to 30, as that is more typical of working |
| thought I would ask my good friend to share her | | | | from home. |
| monthly expenses from when she worked outside of | | | | TOTAL MONTHLY EXPENSES - $144 |
| the home as compared to what her current expenses | | | | INCOME - $1170 at 30 hours per week |
| are. | | | | PROFIT - $1026 for an entire month! |
| Working Outside of the Home | | | | What? More profit? Working less hours? What does |
| Gas - $78 (drives an average of 30 miles a day, or | | | | that ultimately equate to? |
| 650 miles a month) | | | | A happier mom, which means a happier house |
| Insurance on second vehicle - $107 | | | | because anyone who can work less and keep more |
| Car payment on second vehicle - $289 | | | | of their paycheck will want to jump for joy! |