By Kurt Kaeser on 2014-04-30 in Editorial
Aside from financial need and material gain, the pursuit of fulfilling work often plays a big part in a person’s sense of identity and self worth.
Beyond making extra money, parents choosing to stay at home might want to find flexible work for a number of reasons. Parenthood is no doubt extremely fulfilling, and many people feel complete in an exclusively full time parenting role. But a growing number of parents admit that they feel a powerful need to contribute to society in a professional manner, in addition to raising good citizens.
Finding a way to work from home can be mentally stimulating and can contribute to a healthy outlook and positive attitude.
Here are some benefits that motivate parents who want to work from home:
They seek out mental challenges. They get a great sense of personal satisfaction from solving adult problems in the professional and business realm.
They are naturally competitive. They want to be in the professional mix and they want to win.
They have a strong desire to always be learning new things. They have a mindset of constantly seeking continuous self improvement.
They strongly desire to have a personal identity and sense of self beyond being spouse and parent. They want some autonomy. Independence and individuality are important to them.
Keeping a hand in the professional game and maintaining business relationships helps them avoid a feeling of social and professional isolation.
They want to maintain their professional acumen and build their business experience. They don’t want to “lose their place” on the career ladder.
In her recent book, Feminine Feminism, author Sramana Mitra, says that entrepreneurship can be a solution for women looking for a flexible way to balance a career with raising children.
She acknowledges that just because entrepreneurship is a solution doesn’t make it easy, and that raising children while maintaining a career will always be a complex proposition for women.
Mitra says, “One of the greatest defeats of the feminist movement in America has been the phenomenon that women in their thirties are quitting the workforce in large numbers. Many of them are highly educated, and just as they acquire sufficient experience to take on more substantial roles, the body clock sets off an alarm. Time to have babies. Women are programmed to want to have children. There is no point in denying or defying biology. Whatever it is that the feminists want women to do, asking them not to have children isn’t something that will gain any traction.”
Her parting message to all the talented women facing this dilemma is: “Do not quit. Become an entrepreneur. Do not risk losing your sense-of-self. Work is not just for livelihood. It is as much a source of fundamental life force.”
By Kurt Kaeser on 2014-03-10 in Editorial
How to make extra money for private school tuition
You’ve already made the commitment to private school education for your children, but costs keep rising and it gets tougher each year.
Can you continue?
In your heart, you want to continue the path. Providing children with an excellent education has always been an integral part of the American Dream. When your children are thriving in a private school environment, you discover, as parents, that you have a high threshold for personal sacrifice to keep your children enrolled.
But in your mind, you have doubts when you’re feeling the financial pinch. How do you make extra money to fill in the tuition gap?
Get hired for a traditional job
Working for someone else outside the home is the solution that many people think of first. But it often results in extra child care costs, commutes, transportation and lunch expenses. After you’ve earned enough to pay for all of those things, will there be enough left over for it to be worth it? It’s difficult to make a good wage unless you are qualified for a specialized position and your skills and experience are up to date. This is unlikely for a parent who has been home raising young children. And it can be difficult to re-enter the traditional workplace after an extended absence to stay at home with young children.
Another roadblock is finding a flexible position. What extra schedule sacrifices are you willing to make? What day-to-day family activities and experiences are you willing to miss?
Buy an existing business or franchise
Buying an existing business or franchise can provide a turnkey way to make extra money, but it can take time to realize a profit and requires a huge upfront investment in the tens or even hundreds of thousands of dollars. This can be a great opportunity, but is the timing right? It would likely be more than fulltime – leaving little time for proper, involved parenting.
Invent or make something and sell it
Taking your idea for a better mousetrap and bringing it to market is an exciting proposition. But the runway needed to develop a new product so that it is ready for the store shelf is usually long, very costly and filled with hurdles that can derail your efforts before you ever make a sale. The path of an inventor is risky and not for the faint of heart. An alternative is to find a craft or other homemade product that you can create on your own time and sell for a profit. But it can be difficult and time consuming to find something you enjoy doing and are good at, that is profitable enough and has the demand to generate a significant level of income.
Seize a part time business opportunity
More and more savvy parents are choosing is to start a part time business working from home.
This option can have less consistency than a traditional job that provides a limited pay check every two weeks, but it is very flexible and there is no limit to the supplemental income you can generate.
The key is finding an opportunity that is appealing to you, profitable enough to meet your financial goals, and will generate enough supplemental income to pay that private school tuition, and fits with your family culture.
The marketplace is crowded. It can be difficult to distinguish a legitimate business opportunity from all the noise of entities – some more valid than others - clamoring for attention.
Kaeser & Blair Inc. is a trusted family-owned company that has been in operation for over 100 years. Their independent dealerships allow parents to make extra money and “be in business for yourself, not by yourself.”
You own it. You run it. They help. And it’s a professional business opportunity with great earning potential. Your target customers are the businesses and organizations all across your community.
Once you make a sale, you are paid within 24 hours of order entry via direct deposit.
And once you enter the order, they handle the order processing, from billing and financing through direct shipment to your customers, leaving you time to sell and earn even more.
Let Kaeser & Blair show you the advantages and benefits of being in control. Become a dealer today and begin living a lifestyle and earning income you can be proud of.
Are you focused more on saving for college instead? See this related article about parents who are seeking ways to pay for their children's college education as well.
In business for over 100 years, Kaeser & Blair Inc. helps individuals seeking to make extra money by providing them with resources and training, supporting their efforts to do work they feel passionate about. Our authorized dealers work with schools, social organizations, non-profits and for-profit businesses of all shapes and sizes providing them with creative tools for building awareness and communicating their messages in a powerful and meaningful way.
Learn more about how the Kaeser & Blair business opportunity can provide you with the chance to make extra money.
This article was contributed by Michelle Spelman on behalf of Kaeser & Blair.
By Kurt Kaeser on 2014-02-27 in Editorial
How to plan a family vacation on a tight budget
Families are finding themselves getting pinched financially more and more. In better times, they could usually count on taking at least one annual vacation together. But disposable income has declined for many in this harsh economy. To maintain a vacation tradition, families must work together and get creative in finding ways to plan for, and make extra money to pay for a family vacation.
Include the kids!
Kids are capable of researching and prioritizing destinations thanks to the internet. Empowering them with this task positions them to learn what things really cost and teaches them to have realistic expectations. When they are involved in the planning, they appreciate the outcome even more!
Here is a list of tasks that kids can do to be actively involved in planning and saving for a fun, family vacation.
Have them brainstorm potential locations and encourage them to consider a range of places – both high-end, dream destinations that might seem out of reach, and more modest places that are closer to home. This will help them gain perspective as to what they can get for their vacation dollars.
Help them list the pros and cons of potential destinations. For example, consider the distance and length of time it takes to reach the destination and the various modes of transportation that would be required.
Have them help to research lodging choices, amenities, entertainment opportunities available and food options to help them analyze their destination choices by cost and appeal to the whole family.
Don’t feel like you have to decide which place to go right away. Sometimes part of the fun is to imagine about the different possibilities for a while. Make this process an opportunity for your kids to learn about the different places being considered.
Look at the history, attractions, weather and geography. Ask your kids to host periodic family meetings after dinner to share their latest research findings. Have them build the case for each destination and after a few sessions, the family’s collective choice will become clear.
Help them decide how long the trip should last.
Have them figure out a list of daily expenses for each destination and multiply it by the number of days you want to be on vacation to project the total cost of each choice.
Once you have narrowed down choices, you may decide that a longer trip at a less expensive destination is most appealing for the group. Or, maybe a shorter trip that is more extravagant is what the family wants to do. Either way, choosing together creates a shared spirit of teamwork where everyone can feel included and have a sense of enthusiastic anticipation.
When you have calculated approximate costs, determined your location and length of stay, then you can define savings goals and a timeline to make sure you stay on track along the way.
Divide the total amount needed to pay for the trip and divide it by the number of weeks or months you have to save. This will help the whole family visualize how much really needs to be saved to take the trip. It also helps to see if the timing of the trip is going to be realistic or if it needs to be pushed back to a later date to be a reality.
Set goals for how much everyone in the family will be expected to save and contribute to the vacation fund. Obviously, expectations of younger children will need to be looser, but they can still get a sense of participation.
Get buy-in and give kids ownership of this part by enlisting them with creating a special vacation fund bank. You could take a wooden box or perhaps an empty oatmeal can and cover it with paper, then have each child draw a picture on the can that represents something they are hoping to do or see on the vacation. This will inspire, engage and motivate them to save their money and contribute to the group’s efforts.
Find ways to make extra money!
Encourage everyone in the family to toss loose change and extra pocket money into the bank. Give kids chores around the house that they can do to make extra money for the fund. Have the kids count the money in the box every couple of weeks and give the family an update on how the fund is growing.
When treats and outings come up, allow them to opt instead to put some of the money that would have been spent into the vacation kitty. Sometimes it can be easier to skip a trip to the ice cream parlor when you know the money you would have spent is going toward a trip to the beach!
Encourage the whole family to find ways to make extra money. Kids can do odd jobs for neighbors. They can babysit.
Work together as a family to sell unwanted belongings. Stage a garage sale, post items on Ebay or Craigslist, or take items to a consignment shop to make extra money.
Examine household expenses and look for extras that can be cut. Eliminating monthly subscriptions can be a great way to find cash that can be earmarked for a family trip instead.
Depending on their work schedule, parents can look for part time opportunities to work from home in addition to their regular occupation. An independent business opportunity offers flexible work hours and can be quite lucrative if you find the right company to work with.
When the vacation bank becomes full, deposit the cash into a savings account and begin filling it again until the family reaches its goal.
Have a great trip!
When a family works together to plan and save, a vacation becomes an experience that brings the family closer together. And isn’t that what a family vacation is supposed to be for?
In business for over 100 years, Kaeser & Blair Inc. helps individuals seeking to make extra money by providing them with resources and training, supporting their efforts to do work they feel passionate about. Our authorized dealers enjoy a flexible work schedule. They work with schools, social organizations, non-profits and for-profit businesses of all shapes and sizes providing them with creative tools for building awareness and communicating their messages in a powerful and meaningful way.
Learn more about how the Kaeser & Blair business opportunity can provide you with the chance to make extra money for your family’s next vacation.
This article was contributed by Michelle Spelman on behalf of Kaeser & Blair.
By Kurt Kaeser on 2014-02-07 in Editorial
How to make extra money for college savings? Set a goal first!
It can be difficult to think about saving for your children’s college tuition when you are busy changing diapers. But education costs continue to rise at an average rate of 7% per year. Most parents don’t want to saddle their children – or themselves – with massive loan debt. The sooner savings begin, the more opportunities you will be able to offer your child when they are ready to choose a college path. For most families, this means they must find ways to make extra money now.
On average, parents expect to pay for approximately 62% of total college costs, including tuition, room and board and other fees, with the remainder of the cost being covered by financial aid. (Source: Fidelity Investments – 7th Annual College Savings Indicator Study)
For most families, the income generated by the main breadwinner in the household is consumed by basic cost-of-living expenses like housing, food, clothing and other incidentals associated with daily life. For many, saving for college seems out of reach without generating supplemental income. So, how can a family make extra money now to ensure they will be ready to pay the tuition bill when the time comes? Finding a new career that pays more money can be the answer, but it may require a parent to return to college themselves. A part time business working from home can be a solution that can help bridge the financial gap and put a family’s college savings goals within reach.
The financial planning community has been banging the college savings drum for decades. Saving early and regularly is the main theme and they are ready to offer an array of financial vehicles to facilitate the process. But when the numbers begin crunching, a reasonable college nest egg can feel overwhelming and out of reach in a hurry.
It helps to start out by identifying some simple numbers that you can use to establish real, tangible, reachable goals, and then work from there to find ways to make the extra money needed to reach those goals. To that end, we found a couple of simple, FREE, online calculation tools that can help you do that.
First is the College Savings Plans Network College Cost Calculator. This tool is easy to use and can easily help you project cost for tuition to private or public schools and in-state vs. out-of-state tuition so that you create a realistic financial vision for your child’s college career.
The second tool is a simple Savings Goal Calculator by Bankrate.com. Once you have calculated your target number for the amount of money you will need when your child is ready to go to college, plug it into this tool to see how much you need to save on a regular basis to reach your goal. This type of planning will ensure you are well prepared to start paying those bills when the time comes!
Here are a couple of examples that calculate what amount parents might need to save using these tools:
For the sake of keeping it simple, we focused on comparing numbers for in-state public college tuition. The calculator tools linked above will allow multiple scenarios – including private school, community college and out-of-state public school tuition calculations. For these projections, we assumed a 7% annual tuition inflation rate, and a 5% monthly compounding interest rate earned on savings. Using those numbers, here is approximately what parents would need to save for each individual child, if they begin now, based on children aged three, five and seven years old:
Based on Child’s current age:
To pay 100% of total estimated tuition needed for four years of average in-state public college tuition
To pay 62% of total estimated tuition needed for four years average in-state public college tuition
3 year old child
Savings goal per week:
Savings goal per month:
Savings goal per year:
$234,0000 tuition cost in 15 yrs
5 year old child
Savings goal per week:
Savings goal per month:
Savings goal per year
$205,000 tuition cost in 13 yrs
7 year old child
Savings goal per week:
Savings goal per month:
Savings goal per year:
$179,000 tuition cost in 11 yrs
This is a hypothetical example using typical estimated returns generated by the mentioned third party calculators and is not intended to represent or recommend actual results of any particular or specific investment. Actual results can vary depending on what financial investments are chosen, changing economic conditions and investment performance. Consult a professional financial advisor for specific recommendations and advice.
But you have to start somewhere. Once you know how much you need to save, then you can find ways to make the money you’ll need to meet that goal.
There’s an old saying that goes, “How do you eat an elephant? By taking one bite at a time.” That is how parents must think about saving for college. It feels like a giant elephant! But if you start now, taking that first bite, you can eat the whole thing over time. And a bright future for your children is a wonderful dessert.
Kaeser & Blair Inc. is a family-owned, U.S. company that has been in business for over 100 years. Based in Cincinnati, Ohio, Kaeser & Blair provides part time business opportunities that allow parents to work from home and make extra money on their terms in the growing promotional advertising products industry. Independent Kaeser & Blair dealers enjoy schedule flexibility and attractive earnings, making it an ideal way to generate supplemental income and build savings for their children’s college education. Learn more about how you can quickly make extra money with the Kaeser & Blair business opportunity by ordering our free information kit today.
Parents aren’t just saving for college these days. See this related article about parents who are seeking ways to pay for private PreK-12 education as well.