In today’s technologically advantaged society, the traditional 9-5 work schedule no longer makes sense. Every day, our social media accounts are invaded by inspiring stories of people who have quit their jobs and decided to travel the world or retire at a young age, far away from civilization. We admire these people while envying them at the same time. Somehow, for most of us, this type of life seems impossible, even though we desperately desire it. However, it is time to stop looking for excuses and start looking for solutions. Because there are many people who have managed to quit their 9-5 jobs, and most of them lead fulfilling lives; and if they can do it, so can you. Here are a few solutions that can help you earn enough money each month to lead an unconventional life.
Turn your passion into your job
If you are passionate about travelling, you could become a freelance travel blogger/vlogger. Yes, the world is full of wannabe travel bloggers, but the market is far from being saturated. Since we all love vacations, travel is a topic that appeals to anyone. From bankers to artists, everybody follows at least one travel blogger. If you don’t know how to start, there are many companies that are interested in hiring travel reporters or photographers. To succeed in this field, you will need some good storytelling skills. Either you are a great writer or a great photographer, try to make your stories unique and engaging.
Invest in monthly dividend stocks
If you have no investment experience, it wouldn’t be wise to quit your job tomorrow and invest all your savings in stocks. Instead, you need to have a little patience and build up an investment portfolio. Start with small investments to supplement your current income, and as you start understanding the market, try to build a more versatile portfolio. The more versatile your stock portfolio will be, the more chances you will have to earn a steady monthly income, that can eventually replace your current job. There are many companies that pay dividends on a monthly basis. However, it is important to understand that the best monthly dividend stocks are not the ones with the highest yield, but the ones with the steadiest history. Keep in mind that a very high yield can sometimes be a strategy to attract investors, and you shouldn’t be looking for fast ways to get rich, but for safe ways to make a steady monthly income. According to the financial experts, the best monthly dividend stocks of the moment are AGNC Investment, Apple Hospitality REIT and Capitala Finance Corporation.
A lot of people are afraid of working as freelancers, because they are afraid of financial instabilities. As a freelancer, you are your own boss, and this is not always a good thing. You are in charge of finding your own clients and of pushing yourself farther each day. Moreover, you must be responsible enough to plan for the future either by paying your pension or social insurance contributions or by putting a lot of money aside for rainy days. Nonetheless, you don’t need to be a freelancer to enjoy a freelancer’s freedom. Nowadays, a lot of companies are looking for people who can work remotely. They legally hire people and pay their contributions, but it is more convenient for them to have remote employees to save money on the office rent and utilities. So, it is possible to work from home, or from any place in the world really, without having to take the risks of a freelancer.