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5 Reasons that Stay at Home Parents Should Consider Learning to Trade Forex

5 Reasons that Stay at Home Parents Should Consider Learning to Trade Forex

If you are a stay at home parent, earning money can seem like an overwhelming proposition. However, when you look at the bills each month, it may be becoming increasingly obvious that you need to boost your family’s income. While a second job for your spouse or a part time job on the weekends or in the evenings could work for your family, these options are also very stressful. Instead, why not consider learning to trade forex from the comfort of your own home?

There are many benefits to doing so, including the following:

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Set Your Own Schedule

When you have children at home, your schedule can change dramatically from one day to the next. You may need time available during the day to volunteer at your child’s school, work on a craft project, or take your son or daughter to the doctor and nurse them through a childhood illness. If you need to be available for these parenting tasks, but still need to earn an income, it may be wise to learn how to trade forex. This home business allows you to earn money on your own schedule, while taking care of the needs of your children.

Make Extra Money

As you raise children, it can sometimes seem as though there is never quite enough money to go around. However, if both parents work, you have to pay for childcare all day for small children, or before and after school care for older children. This extra expense can make it almost seem like it’s not worth it to work at all, especially after you factor in fuel for your car, business clothes for work, lunches, and additional expenses.

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When you choose to trade forex at home, you can instead work in the clothes you already have, while keeping an eye on your children at the same time. This allows you the freedom to earn extra money without needing to spend additional money to do so. There are also money management apps that can help you keep track of your income and expenses.

Use Your Free Time Wisely

While it can sometimes seem as though you never have enough time as a parent, chances are you have chunks of free time during the day that could be used for trading forex and earning money. If your child naps, reads or plays quietly, or goes to school during the day, you have that time available to earn an income from home. This allows you stretches of time to dedicate to learning how to trade forex successfully, so that before long, you can be earning quite a nice income from the comfort of your home computer. The start up costs are quite low, making it an easy work at home business to start for stay at home parents.

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No Need for a College Degree

Many jobs require that you have at least a four year degree in order to get started, while others require that you complete specialized training on location or over the internet. When you decide to trade forex, this type of training is unnecessary. Instead, you teach yourself the skills that you’ll need, and your success is determined by your own motivation. This makes the barrier to entry especially low, allowing anyone to succeed if they’re willing to put in the work it takes to do so.

Access Work from Many Geographical Locations

In some families, accessing part time work is difficult. Maybe your family moves around a lot due to a traveling sales job or a spouse is in the armed forces, or perhaps you simply live in a remote area where there are not many part time jobs. In situations like these, learning how to trade forex can be quite beneficial, as you can simply log on and get to work, from almost any geographic location. This makes it easy to help support your family, no matter where you live. If you need to boost your family’s income, it simply makes good financial sense to consider learning these skills.

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If you need to earn additional money to boost your family’s income, trading forex may be a great way to do so. Consider getting started in this exciting field today, so that you can start paying off debt, accessing additional luxury items for your family, and working towards the savings goals that you’ve been putting off. Adding an extra income may dramatically improve your quality of life — why not get started today?

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Rob Boirun

CEO The Reviewster Network

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Last Updated on October 28, 2020

The Crucial Letter Your SMART Goal Is Missing

The Crucial Letter Your SMART Goal Is Missing

SMART goals are a simple, logical way to organize your goals as you set them throughout life. Not only does this technique help you identify reachable goals, but it helps break down goals into smaller and more manageable pieces.

However, there is one crucial element (or letter) that is missing from this acronym. This missing letter can potentially make it harder for you to reach your goal – no matter how well you have broken down your goal into different pieces and action steps. However, once you understand this missing piece, you’ll be able to use it to move forward with your goals.

What Are Smart Goals?

If you are not familiar with the SMART goal setting technique and what the acronym means, here is a brief rundown with a simple example:

  • S = Specific — Your goal has to be specific enough (“I want to lose 4 inches off my waist”).
  • M = Measurable — You can measure your waistline every week to keep track of your progress.
  • A = Achievable — Do you think that you can do this? Or are you going too far by getting rid of yet another 4 inches? Or should you expand the goal to 5 inches; is that within reach?
  • R = Realistic — Is your lifestyle stable enough that you can commit to this goal?  Are you mentally prepared to do this? Do you have the resources you need for this goal?
  • T = Time-framed — You could want to achieve this goal within a week or within six months, but it should have a specific time frame.

As you can see, when you break down your goals like this, they become much more manageable and concrete than just saying “I want to to be slimmer.”

All fine and well, except that there is a crucial letter missing in this package – another letter “A.”

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The Missing Letter

The other letter “A” stands for accountability, and this is a great way to make sure that your defined plan is actually executed and is not left just on the talking or planning level. Even if you have crafted a masterful plan by using the SMART goal technique, it becomes useless if you don’t actually execute it. To make sure you start the execution phase, you want to throw some accountability into the mix.

By having some external pressure on your back (in the form of accountability), you are more likely to take action on your goal steps than if you just keep the plan to yourself. Accountability is based on the fact that you want to stand behind your words and save face. When you announce your goal to the world, you realize that the world is now watching you, and you don’t want to let the world down.

Accountability is also about facing the expectations of others. If you announce a goal or a task in public, other people are expecting you will achieve the tasks and goals you have laid out for yourself.

Watch this video and find out how by having dependable accountability, you can reach your goal more efficiently:

Ways to Implement the Letter “A” in Your Goal

There are plenty of ways you can go about creating accountability. Choose which one will work to motivate you the most.

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1. Keep It to Yourself

I was a bit hesitant to include this, since in this scenario you are not telling others about your plans or tasks. However, for some people this might work since your conscience is your accountability partner in this situation. And you don’t want to let your conscience down.

2. Announce It to Other People

Your people could be your colleagues at work, your local golf club buddies, the subscribers and readers of your blog, or your Twitter followers. I would say that accountability is more effective when dealing with “offline people.” Being accountable face-to-face to someone is very effective.

I’m in no way underestimating the power of “online people” either. If you are trying to form solid relationships with others online, you want to keep your word – even if you don’t necessarily meet the people in the same sense as in the offline world.

3. Find an Accountability Partner

A more intimate way of being accountable is to find an accountability partner. This could be a friend or spouse, but it needs to be someone you feel comfortable reporting to. When this route is chosen, you might decide to call your partner on a frequent basis to tell them how well you are progressing on the goal.

4. Get on Stickk.com

If none of the above ways work for you, it’s time to put Stickk into play.

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Stickk.com is a website where you can announce your goal (“Commitment Contract”), and to make you even more committed to reaching that goal, there is money at stake. Money is not mandatory to get set up with Stickk, but knowing that you will lose a certain amount of money if you don’t reach your goal can give you an extra push to get stuff done.

5. Join Mastermind Groups

A mastermind group is a group of like-minded people gathering on a frequent basis (online or offline), trying to push each other closer to their goals. This type of accountability is very common in the business world. When you are in a mastermind group and you have set the objectives you want to achieve by the next meeting, you want to get stuff done and fulfill other’s expectations.

Mastermind groups are a great way to improve your productivity and reach your goals with the help of others.

6. Hire a Coach

If you really want to get personal attention for your goals, then hiring a personal coach may be the best way to stay accountable.

Not only are you accountable to your coach, but you also have to pay for his/her attention. This makes the coach option even more effective. You want to make sure you do everything you can to get the assignments done before the deadline you two have set. So, there is a money factor to keep you accountable as well. Since you want to quickly move forward, this option is a very effective for staying accountable with your SMART goals.

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The Bottom Line

Next time, set your goal using “SMARTA,” instead. Add that letter “A” to the SMART goal setting technique:

Specific, Measurable, Achievable, Realistic, Time-framed, Accountable.

The accountability factor of reaching your goals may be just the thing you need to make them a reality.

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Featured photo credit: Estée Janssens via unsplash.com

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