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8 Work-From-Home Jobs That Earn You Serious Money

8 Work-From-Home Jobs That Earn You Serious Money

It’s no exaggeration to say that a large portion of the working class would absolutely love to work from home. No traffic, no meaningless water cooler chat, no extraneous distractions to deal with. Sounds like a dream come true.

But is there really money to be made working in your pajamas? You bet. You just have to get in the right industry, and you’ll find you can create a steady cash flow regardless of whether or not you got dressed in the morning. Some of the best paying jobs that allow you to work from home are:

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1. Clinical Regulatory Affairs Director

As a regulatory affairs director, you’ll be tasked with planning, preparing, and submitting products that have been clinically tested and approved to the national and international markets. Working from home, you’ll document the trial process, as well as create the marketing documentation to accompany the product being sent for approval. Snaring a position as a work from home affairs director will also snare you a lofty $150K a year.

2. Supervisory Attorney

Not all lawyers spend their days in court. Many people with law degrees who are also members of the Bar opt to simply act as advisers to those in need of legal assistance. These attorneys may focus their efforts on other aspects of the law rather than criminal cases, such as tax or real estate law. By making themselves available through telecommunications, they can reach a far wider clientele than if they were to practice locally. You’d still need to be a member of the Bar in the state in which you plan to practice, though. Going this route would earn you around $117K per year.

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3. Senior Medical Writer

Like many technical writing gigs, senior medical writers can work remotely as they review medical information and translate it into various medical documents. They also may be tasked with reviewing and editing documentation created by peers and supervisors, proofreading for typographical and factual errors. Attention to detail is an absolute must when dealing with medical writing, and you also must have a medical or science degree to your name to be considered for the job. If you’re qualified, you can end up making $110K a year as a senior medical writer.

4. Environmental Engineer

Environmental engineers aren’t necessarily homebound, but most of their paperwork can be done from anywhere they please. These engineers design and assess pollution reduction and prevention approaches and plans, and analyze the best course of action for municipalities to take. As mentioned, they will often have to work in the field while conducting research and collecting data, but they’ll be able to take the information home with them to study and report on from the comfort of their own living room. Like medical writers, environmental engineers’ salaries fall around the $110K mark.

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5. Director of Quality Improvement

Regardless of the industry, all companies strive to be the best they can be. A quality improvement director works to design and develop best practices related to systems administration and data architecture. If that’s too much jargon for one sentence, basically these employees analyze what a company is doing well, and what it could improve upon, and reports back to the managers and CEO. Quality improvement directors are natural leaders who have knowledge of on-going trends regarding quality, safety, and reliability within the industry. Working remotely on quality improvement could net you $100K a year.

6. Senior Software Engineer

It shouldn’t be a surprise that computer programmers can work from their home computer. Software engineers develop and design software, maintain oversight of programs, manage development teams, and troubleshoot issues colleagues face throughout the process. Collaborating online may actually be more effective for software engineers, as they won’t have to leave their work stations to discuss progress, and can continue to work on their projects seamlessly. A talented software engineer can bring home around $100K for his contributions to a company.

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7. Director of Business Development

As a director of business development, you’d be tasked with managing large sales territories and maintaining steady revenue, while simultaneously researching ways in which to increase your business reach and income. You also would collaborate with directors in other territories and develop programs in order to increase coherency throughout different areas. Directors of business development will often have to travel and make in-person sales pitches, but a majority of their work can be done remotely. Working as a director can earn you around $100K or more, depending on your success.

8. Research Biologist

One advantage of working from home as a biologist is you’ll never be pressured into saving a beached whale. All kidding aside, research biologists usually specialize in a specific area of biology, such as microbiology or wildlife studies. They conduct research and analyze test results, then report back to their company regarding their findings. Like environmental engineers, research biologists will sometimes have to go into the field to conduct research, but can do the rest of the work from anywhere they feel comfortable. Although not as hefty as some of the other salaries on this list, research biologists can earn around $93K a year working mostly from home.

Featured photo credit: -3-2/USC Santa Barbara Library via farm3.staticflickr.com

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Matt Duczeminski

A passionate writer who shares lifestlye tips on Lifehack

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Published on January 8, 2021

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

How To Pay Off Credit Card Debt Fast: 7 Powerful Tips

Ever wondered whether your credit card debt is the reason you’re in a bad financial situation? You can’t enjoy any fun activities because a good chunk of your money goes toward debt payment. Heck, you’re even behind on some of your monthly bills.

The effects of clumsy debt management are too many to list here. This guide is going to help you discover how to pay off credit card debt fast and start chasing your financial goals.

Debt problems are the last thing anyone wants to encounter. But things can get out of hand when all the “little debts” you take accumulate in interests.

What if you knew some simple and proven ways to be debt-free quickly? Implementing them would mean better financial health for you. It becomes possible to free up cash for your “wants.” These include taking a trip or buying something you’ve always desired. All that while paying your bills on time!

Let’s not wait any longer. Here are 7 powerful tips for paying off credit card debt fast:

1. Pay More Than the Minimum Credit Card Payments

Many people only pay the monthly minimum on their credit cards. Truly, that’s the right amount for staying on good terms with your credit card company. But you need a different approach if you’re looking to achieve financial independence within a short time.[1]

Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing. As a result, it becomes more expensive to eliminate your debts.

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You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner. All you have to do is double that $100 minimum payment to $200 or go higher.

The good thing is that minimum credit card payments are affordable in most cases. By paying a higher amount, you reduce your interest costs, lessen your borrowing period, and boost your credit score.

2. Start With High-Interest Credit Card Debt

If you have more than one credit card debt, prioritize putting the extra money toward the ones with the highest interests. This debt pay-off strategy, known as the debt avalanche method, is essential for being debt-free quickly.[2]

First, you need to list down all the credit card debts you have in the order of their interest rates. Next, you choose the one with the highest interest and pay a significant amount toward it each month. It can be an amount twice or even thrice larger than the minimum payment.

At the same time, you make monthly minimum payments on the other debts. Their interest charges won’t be as costly as that of the first debt on your list. You only move on to the next high-interest debt after the first one is gone. Remember that your focus is on the interest rates and not the balances.

3. Revisit Your Budget

Budgeting is useful for tracking your financial moves. Once you create a budget, some tweaks along the way can make it work for you better. One situation that requires you to revisit your budget is when you’re struggling with debts. It might hurt a bit to slash some expenses. But you also don’t want to miss out on achieving financial freedom in the long run.

You can reduce some variable expenses to free up more cash for credit card debt payments. They’re the ones that change from time to time. Some examples are groceries, fuel, and clothing.

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Other opportunities for cutting down your spending lie in non-essential expenses. Instead of dining out all the time, you can cook at home more to save money. You can also share some subscriptions with friends and pay a fraction of the cost.

If you’re determined enough, you can eliminate all your unnecessary expenses and focus on paying off your credit card debt first.

4. Avoid Using Your Credit Cards

Do you want to know how to pay off credit card debt with a low income? One simple way is to stop using them. Having your credit cards everywhere you go means that you’ll be more tempted to buy unnecessary stuff. In this case, you spend money that you don’t really own and get deeper into debt.

The quickest fix to stop the debt build-up is spending with cash. You’ll be more aware of everything you can afford at any particular time. If you decide to keep one or two cards to ease the transition, always make wise choices. For instance, only use them when experiencing financial difficulties.

It’s best to categorize your fun activities under “discretionary spending” in your budget. This way, you won’t need more debt to kill your boredom. By halting your credit debt from accumulating, it’s easy to pay down what you already owe and be happy with the progress.

5. Start a Side Hustle to Boost Your Income

You’re probably turning away a lot of money by not monetizing your skills. Everyone has something that they’re good at doing. And you can use that to generate extra income for attacking your credit card debt.

If you look around your neighborhood, you can find several side hustle opportunities. It can be pet sitting, tutoring, or lawn mowing. You can start an online business by offering services such as digital marketing, content creation, and web development. Such skills go in high demand on freelance sites and job boards.

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Finding clients on social media is also a good strategy to utilize your skills and make more money. Facebook groups, Quora Spaces, and subreddits are some places to look for side jobs. You only have to join a niche-specific platform, share your services, and respond to any opportunities.

It’s possible to learn a skill, practice it, and earn from it. Use the free resources online or purchase some e-courses to get started.

6. Sell Your Used Items for Extra Cash

Starting a side hustle isn’t the only way to generate extra money. You can turn unwanted items into cash for paying off credit card debt. Whether it’s an old TV, book, or furniture, there is always someone itching to buy your used stuff.

A garage sale, as much as it’s old-fashioned, is perfect for getting your neighbors and passers-by to buy from you. You keep all the money because there are no business permits or taxes involved. While you may not make much cash, it’s better than leaving your stuff to go defunct in your storage.

Other than that, you can sell your used stuff on online marketplaces. Facebook groups are great places to start if you want quick approvals and hence sales. You only have to ensure that your listing follows Facebook’s commerce policies.

When selling any pre-owned items online, ensure they’re in good shape to avoid problems with your buyers.

7. Know When to Seek Help With Your Debt

Asking for help with your credit card debt can be challenging to do. But letting it drown you is a road you don’t want to take. While you may feel embarrassed at first, it’s the best way to get back on track when you run out of options.

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There are tons of non-profit credit counseling organizations that can offer you free guidance on how to escape the debt trap. An example is The National Foundation for Credit Counseling. They simply review your finances and help you determine the source of your financial problems. After that, they match you with an actionable debt management solution.[3]

In extreme cases, the debt solution can be:

  • Debt relief – where your debt is partially or wholly forgiven
  • Debt consolidation – taking out one loan to repay others
  • Debt settlement – the creditor forgives a significant portion of your debt
  • Bankruptcy – legal process for seeking relief from some or all your debts

It’s necessary to carefully weigh your options before deciding on the way to go. Find out how it might affect your credit score and any other risks.

Wrapping It Up

Debt is a major setback when you’re trying to prosper in life. Paying off credit card debt is essential if you want to reach your financial goals. That means having more free income, a good credit card score, and even a chance to retire early. You become more productive each day because of the peace in your mind.

So, you now have some tips on how to pay off credit fast. Go ahead and get rid of that good life progress killer!

More Tips on How to Pay Off Debt

Featured photo credit: rupixen.com via unsplash.com

Reference

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