Relocating and jobless

Tuesday - posted on 07/07/2013 ( 4 moms have responded )

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I am relocating to Fort Worth, TX and I will officially be a S.A.H.M.(stay at home mom). Although I love the fact that I will be home with my girls, but I don't like the fact that I will be solely dependent on my husband for cash. I want to know what type of jobs I can do at home to make money for myself or even business opportunities that will possibly give me a new career or new start in life.

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[deleted account]

It is never a good idea to be completely dependent on another person. I too am a sahm, but I make sure I always have enough cash to support myself should I need to leave suddenly, or should my husband leave suddenly, or should he pass away and our assets be frozen, or should he commit some crime that results in frozen assets....so many things can happen when we depend on others!

Make sure you have a few thousand dollars in a checking or savings account with only your name on it at all times. This way, even though you are married, it will not be affected by your husband's actions.

I bought an office building that I now lease out to several corporate tenants. It isn't much money, but (along with my savings) it would afford me a VERY modest life until I could get on my feet, should I find myself alone. Right now, my husband and I use the income for vacations and other "fun" things, but the building is in only my name, so I would get it, as well as the income, should we split. I use a property management company to run it, all I have to do is pay taxes once a year and keep my insurance current, they deposit my monthly checks directly into my accounts and handle all of the landlord headaches. I would make about twice as much if I did it myself, but that would mean several hours a month, possibly more, working, and I want to focus on staying at home. This might be a good option for you....

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Margie - posted on 12/10/2013

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Hello and how are you doing since your move? I am celebrating my 5th Christmas in a new city. I found out I was pregnant just after major knee surgery, and we had just moved cross country. FInding a job out outside of the house in my background was not an option for me, so I started looking for something I could do from home, and continue to do once my baby was born. He is due in April. I found a great company. You can get to know me, and check out what I do at
www.mommyworkathomeoptions.com.
I look forward to hearing from you and hope you are doing great in your new city.
Margie Grooms

[deleted account]

I do understand the adjustment--I worked until I had my son, then I couldn't adjust to being a SAHM so I went back to work several times before finally making peace with it. It is a HUGE change.

My first two companies, I started from "home" (technically I was homeless, and I started them by working on my laptop in my hospital room). I started an online company that connected vendors & clients. You could do something like that from home very easily, especially if you already have a background in business. There is almost no start up cost, and the return can be quick, but it was very time consuming. I didn't have a child yet, I think as a mother, you would need someone to help with children while you worked.

After J was born, I tried working from home, 3 different approaches. I never could make it work. I just couldn't get anything accomplished with him home with me--even after we hired a live in nanny. I know some parents do, but I never found the balance. I liked the office building because it requires very little time. I did need some capital for a down payment on the mortgage, but not much. I was able to write a business plan for the bank to secure a loan with less than 3% down. The money I make from leasing it is split between the property manager, repayment on my loan, and a tax account. The rest goes to me. Once it is paid off (in a LOOOOONG time), I'll get a nice raise! Plus, I will have something to give to J. He can sell it for a lump sum or keep it to supplement his own income after I pass away. The other businesses would have been difficult to pass down to him, as they required more skill and commitment to learn, and they were only worth as much as they were making--harder to sell if he didn't want them later.

Tuesday - posted on 07/07/2013

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That's wonderful advice, but I am trying to build my assets because they have seriously dwindled. And since I won't be returning to work anytime soon, I need something to help me regain my financial independence. My husband loves the idea of me staying at home, and so do I but when you have worked for the last 20 years of your life it is hard to now be content with practically nothing. Just looking for work for a sahm...

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