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Full Time Income
A full-time income differs from a full-time job. In the United States, the standard for a full-time job is a 40 hour work week. An employee is paid an agreed upon sum of money (salary) based on fulfilling the job requirements and working the required number of hours. A full-time job may include additional benefits in the form of paid vacation, health insurance, and savings or retirement plans.
As a consultant, small business owner, or freelance worker, it is possible to generate sufficient work to produce a full-time income and at the same time set a flexible work schedule. Full-time income is the amount of money earned over a span of time an individual perceives as necessary to cover their living and business expenses. Generating a full-time income does not always require full-time work.
Considerations when comparing a full-time income to a full-time job:
• Business and income must be self-generated
• All “benefits” must be individually contracted and purchased
• The individual is responsible for paying all taxes
For Example: A business consultant made $35,000 per year as an employee of ABC Corporation. As a consultant they want to make $40,000 per year. The consultant works intermittently throughout the calendar year, earns $40,000, and considers this a full-time income. The consultant pays for their own benefits, taxes and business expenses.
Recently on 20/20, there was a story on work from home scams. View their story at http://abcnews.go.com/2020/. As the industry of telecommuting grows, so does the potential of being scammed into losing money. Some people have lost ten to fifty dollars, and some have lost up to thousands of dollars. There are things you can do to protect yourself from being scammed and losing money. Read on to learn how to protect yourself and your money. // Working from home ...Continue
Many parents who work from home have a hard time convincing their friends and family members that a full time job does not always involve going out each day to earn a living. Some parents have to deal with the stereotyping society imposes on them, because they live in a society where the concept of working from home is not taken seriously. * Parents who work from home are often regarded simply as stay-at-home moms or house-husbands. // There ...Continue
Flexibility at work has increased over the last decade and many people now have the opportunity to work from home on one or more days each week. This has many benefits for both employee and employer. For the employee, it means that they have a break from commuting and can build their working day around other commitments. For the employer, it grows loyalty by providing this almost as a benefit. Also, many employees are far more productive at home than ...Continue