“The tendency is to think if you are a professional woman, it’s because you’ve turned your back on the traditional side. The tendency is not to recognize that we can excel as professionals without giving up our identity of being mother, wife, and homemaker.” – Lucille Roybal-Allard
There are many reasons to open a small startup (or work part-time) from home while you are a homemaker. As Lucille Roybal-Allard notes in her quotation mentioned above, as a wife and mother, you do not need to give up your professional career. It is possible and doable for you to start a part-time gig as well as be at home for your family.
Micha Kaufman in his 2014 article “Glass Ceiling Smashed by Freelancing Moms” cited the Bureau of Labour Statistics which showed that “women are making more money than men in part-time jobs. Female part-timers earned $10 more in median weekly salaries than their male counterparts.”
What are the global financial markets?
Before we look at the reasons why you should consider investing on the world’s capital markets, let’s have a look at what the world’s financial markets are:
Succinctly stated, a financial market is a “market in which people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.”
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There are different markets or stock exchanges that are housed in a physical location such as the New York Stock Exchange and the London Stock Exchange. Other markets like the foreign exchange markets are a virtual network of global financial houses that facilitate the buying and selling of the world’s currencies.
Financial market trading: Reasons to open your own startup
There are many justifications for the need to open up your own part-time business. Some of these reasons range from personal fulfillment to the need to generate extra money to save for a vacation or other large purchase. However, the point of this article is not to determine whether you should or shouldn’t work as a freelancer, it is to say that financial market trading is a good option to consider when looking at what part-time business you should look at.
Therefore, here are a list of reasons why you should consider trading on the global financial markets as a viable means of earning a part-time (or full-time) income:
Advancements in financial technology
The financial and technological know-how that underpins the different online trading platforms has advanced to such an extent that it is now a simple matter of sitting down in front of your computer and getting on with the task of placing successful trades. In real terms, it is slightly more complicated as you need to sign up with an online trading broker, work through their exhaustive educational documents, utilizing the demo platform to practice placing successful trades, and then getting on with the business of making successful trades. The good news is that you can trade 24/5, any time of the day or night. As a result, online financial market trading is something that you can do when you sit down after putting the kids to bed at night or when they are at school.
Reach your investment goals
You and your family will have financial goals such as pay off study loans, buy your own home, or go on an extended vacation. Or your goal might simply be to earn enough money to meet your monthly budget. The importance of reaching your savings goals, or even just adding to the monthly pot to be able to meet your budget cannot be underestimated.
Reduce the risk to your savings by adding a mix of investments
According to a financial market analyst from Stern Options, “the way to reduce the risk of your investments losing value due to inflationary pressures, etc., it is wise to diversify your investment portfolio into high-risk, high-reward, short-term investments and low-risk, low-reward, long-term investments.”
One of the best strategies to implement when you are investing in short-term, high-risk investments is to make sure that you open and close your trading position before the end of every trading day. It is not a good idea to keep high-risk trades overnight because of the current financial market instability and volatility.
Online share trading in all its different guises is a perfect solution to the challenge of being a wife, mother, as well as an income-earning professional.
By Taylor Wilman