What Are The Tax Benefits of an Limited Liability Company (LLC)?

What Are the Tax Benefits of a Limited Liability Company (LLC)?

When people are starting a business, it’s likely that they’ll consider the tax benefits of different company structures. In some cases, founders may create a limited liability company (LLC) specifically for its tax benefits.

Here, we’ll delve into the tax benefits of LLCs for business owners, as well as other pros and cons.

Key Points

•   LLCs offer flexibility in choosing tax classification, such as sole proprietorship or partnership.

•   Pass-through taxation allows LLC income to be taxed once at the individual level, avoiding corporate taxes.

•   Members report income and losses on personal tax returns, potentially lowering overall tax liability.

•   LLCs can opt for S-Corp taxation, retaining pass-through benefits while potentially reducing self-employment taxes.

•   Tax benefits vary by state, so consulting a tax professional is recommended for specific advantages.

What Is an LLC?

An LLC is a type of business structure available in the United States. A kind of hybrid, it combines some characteristics of corporations with others from a partnership or sole proprietorship.

According to the IRS, LLC owners are called “members.” Depending on the state in which you set up the LLC, members may be individual people, other LLCs, or corporations. There is no maximum number of members that a company can have, and most states allow LLCs with just one member. Check your state for specifics.

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


Tax Benefits of Forming an LLC

As mentioned above, company founders may choose an LLC structure especially for its tax benefits. Here, we go into detail about what those benefits are.

Limited Liability

An LLC, as its full name implies, provides limited liability to its members. This means that, if the company fails, the owners’ and investors’ private assets are not at risk and can’t be seized to repay company debts.

Flexible Membership

As noted previously, an LLC can have one member or many, and those members can be individuals or companies. This business structure gives owners significant freedom when starting their company.

Management Structure Options

LLCs can be managed by a member (owner) or by a hired manager. A member-managed LLC may be chosen if the company has limited resources or few members. An owner may select a member with management experience to oversee the business, or they may want all members to actively participate in the company’s operations.

A hired manager is someone who is not a member but has the appropriate experience and skill sets to run the LLC. An accountant or financial advisor can go into detail about the tax benefits of member-manager vs. hired manager approaches. (Here’s what to know if you’re filing taxes for the first time.)

Pass-Through Taxation

LLC member-owners have some control over how their business will be taxed. If there is only one member, it will automatically be treated like a sole proprietorship, and if there is more than one, like a partnership. In those cases, business income will pass through the business to the member-owners, and they’ll only get taxed once. Members will report income and losses on their personal tax returns, while the LLC itself is not taxed. (Learn how business income differs from other types of income.)

Because income and losses are reported as part of members’ personal financial pictures at tax time, taxes will be owed at each member’s personal tax rate.

Alternatively, the LLC owners may decide to be taxed as a corporation. If they choose an S-Corp structure, pass-through taxation still applies.

Recommended: How Long Does It Take Taxes to Come Back?

Heightened Credibility

When someone opens an LLC, it shows that they’ve gone beyond just hanging a shingle. Instead, they went through the decision making and paper filing processes involved in setting up the LLC.

Limited Compliance Requirements

According to the U.S. Small Business Association (SBA), another form of business structure — the corporation — has the strictest requirements. In contrast, LLCs have some but fewer.

In general, an LLC should maintain a current operating agreement, hold annual meetings, ensure that they have appropriate shares recorded for each member, and keep records if membership interests transfer. (Find out if you can use a personal checking account for your business.)

Disadvantages of Creating an LLC

So far, the LLC sounds like the ideal low-maintenance company structure. However, there are several caveats to be aware of.

Cost

Forming an LLC can cost a few hundred dollars, which may be more than what a small business wants to spend. (An online budget planner can help business owners set budgets and track spending.) The company will also need to file annual reports along with annual fees and taxes. These taxes and fees may cost a miniscule amount or several hundred dollars annually.

No Stock Ownership

When a corporation wants to raise funds, they sometimes issue shares of stock. An LLC cannot issue stock.

Recommended: How to Start Investing in Stocks

Transferable Ownership

Some states may require that an LLC be dissolved if there is a change in ownership. If the people starting the business expect to take in outside investors over the years, a corporation might be a better choice.

How to Form an LLC

Once you’ve decided to start an LLC, you’ll want to choose and reserve a company name that doesn’t conflict with currently existing ones. Typically, an LLC must have what’s called a registered agent — someone who will handle official documents for the company.

Then, you’ll need to document the nuts and bolts of the operating agreement that describes the structure of the company. This can include who owns what portion of the company and who gets to vote on which issues. You’ll detail how profits and losses will be addressed, how the company will be managed, when meetings will be held, and how to handle the business if a member leaves the company or dies. This document should also describe what should happen if the company goes out of business.

How LLCs Are Different From Other Business Entities

An LLC is formed to be a legal entity that’s separate from its owners and is responsible for its business debts. Here’s how an LLC differs from other company structures.

LLC vs Sole Proprietorship

Profits in an LLC are only taxed once because of the pass-through taxation structure. This is reported on and addressed through owners’ personal tax returns by filing a Form 1040, Schedule C, listing profits or losses. As an LLC owner, you may be taxed as a sole proprietor, a partnership, or a corporation.

A sole proprietorship is owned by one person and is the simplest structure available. A sole proprietorship also involves pass-through taxation with the business owner paying taxes on the business’s profit. There isn’t as much flexibility in filing as a sole proprietor as there is with an LLC.

LLC vs S-Corp

An LLC is a business structure. An S-corp, meanwhile, is a tax classification. Many businesses decide to have their LLC taxed as an S-corp. The nuances can be complicated, so it makes sense to consult your personal accountant or other professional before making this decision.

LLC for Rental Property

If you create an LLC to buy rental homes, you’ll have the benefits of no personal liability and pass-through taxation. There can be a flexible ownership structure, personal anonymity, and fairly simple reporting.

However, it may be harder to finance rental property as an LLC. There can also be significant fees to get the LLC up and running. LLCs for rentals can be more complex at tax time, and property transfers can also be more complicated.

How to Choose the Right Business Type

Consider how simple or complex your proposed business will become. Do you plan to basically run the business yourself, or will it ideally turn into something bigger? What kind of legal protections will you need based on your business plans?

Entrepreneurs should also weigh the tax benefits of LLCs and sole proprietorships. The two structures, along with partnerships and S-corps, feature pass-through benefits, meaning that profits are taxed only when they’re paid to the company owner(s). A C-corp, meanwhile, is taxed as a company as well as when shareholder payouts are made.

Consult your accountant or financial advisor for specifics on your situation.

No matter what business structure you choose, it’s important to keep track of your finances. SoFi’s spending app provides you with an easy-to-use online budget planner so you can stay on top of your finances.

The Takeaway

Limited liability companies (LLCs) come with plenty of advantages and a few disadvantages. As its name implies, the owners’ and investors’ private assets are not at risk if the company should struggle financially. Owners of the LLC are referred to as members. Membership may range from one individual to multiple individuals to other companies.

A major benefit is pass-through taxation, where income passes through the company to its members, who report it on their personal taxes. One disadvantage of LLCs for very small businesses is the startup cost and annual fees, which can run to several hundred dollars a year. Consult a professional to find out whether an LLC is the right fit for your business plan.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What are the tax benefits of having an LLC?

With an LLC, you’ll have flexibility in deciding the structure under which your company will be taxed. There are more tax benefits of an LLC, including pass-through taxation, which means you’ll only get taxed once at your individual tax rate.

What are the benefits of a limited liability company?

They can include limited liability, meaning that owners aren’t personally responsible for company debts; flexible structures; pass-through taxation; more credibility; and fewer compliance requirements compared to a corporation.

What is the best tax option for an LLC?

Each situation is unique, so consult your accountant or financial advisor for specifics.


Photo credit: iStock/hh5800

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-006

Read more
21 Good Paying Jobs Without a College Degree and Experience in 2022

Good Paying Jobs Without a College Degree or Work Experience

A college degree doesn’t guarantee a good paying job. And the reverse is even more true: Not having a degree doesn’t doom you to low paying jobs forever. In fact, many occupations that offer competitive pay don’t require any college.

According to Bureau of Labor Statistics (BLS) projections, about 60% of new jobs in the 2020s won’t require a college degree. And many command salaries higher than $60,580, the median wage for all occupations.

We’ve gathered 21 good paying jobs you can get without a degree. We’ll also discuss the pros and cons of jumping into the job market right out of high school.

Key Points

•   Some 60% of new jobs in the 2020s are projected not to require a college degree.

•   Industries like transportation, construction, and renewable energy offer competitive salaries without a degree.

•   High-paying roles include wind turbine service technicians, solar photovoltaic installers, and commercial pilots.

•   On-the-job training, apprenticeships, or technical school education are pathways to an array of careers.

•   Renewable energy jobs, such as wind turbine technicians and solar installers, emphasize technical education and offer significant job growth.

Reasons for Choosing Work Over a College Degree

Choosing to work over a college degree (or vice versa) is a personal decision that can’t be labeled “right” or “wrong.”

For many people, the cost of college is the main reason to choose work instead. Not everyone is willing or able to take on student loan debt.

Working can also allow people to experiment with different career paths until they find something that’s right for them.

If your main motivation for attending college is to secure competitive pay after graduation, know that there are many good paying jobs you can get without college.

No matter how much you earn, it’s important to track your cash flow so that you can reach your financial goals. SoFi’s spending app helps you do that by monitoring your credit score, tracking your debts, and connecting all your accounts in one mobile dashboard.

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


Recommended: The Highest Paying Jobs by State

Who Should Consider a Job Without a College Degree or Work Experience?

Jobs that don’t require college are typically suitable for people who are interested in blue collar professions, such as technicians and machine operators. These jobs can also be good for people who prefer training outside of a school environment, such as in an apprenticeship or on-the-job experience.

Pros and Cons of a Job Without a College Degree or Work Experience

Consider both sides before making a decision to skip college for a job.

Pros

•   High-paying trade jobs hire candidates based on skills rather than credentials.

•   You’ll get more experience in the field and earlier opportunities to move up.

•   Education can be inexpensive or free, especially in a paid apprenticeship or on-the-job training.

Cons

•   There are fewer networking opportunities than in college.

•   Good candidates may not stand out alongside those with a degree.

•   Earning potential is not as high overall.

Average Salary of Workers Without a College Degree by State

The following table shows median salaries for workers without a college degree. Wages vary depending on whether workers have attended some college.

State

Median Salary with an Associate Degree

Alabama $37,181
Alaska $40,475
Arizona $37,368
Arkansas $34,062
California $44,707
Colorado $41,422
Connecticut $49,811
Delaware $41,427
Florida $37,862
Georgia $36,104
Hawaii $41,360
Idaho $34,900
Illinois $41,407
Indiana $39,291
Iowa $40,080
Kansas $37,398
Kentucky $38,845
Louisiana $37,332
Maine $37,688
Maryland $51,525
Massachusetts $46,109
Michigan $37,149
Minnesota $41,689
Mississippi $34,252
Missouri $36,151
Montana $35,678
Nebraska $39,026
Nevada $44,153
New Hampshire $42,253
New Jersey $50,254
New Mexico $36,218
New York $46,245
North Carolina $36,107
North Dakota $45,085
Ohio $39,729
Oklahoma $36,144
Oregon $39,875
Pennsylvania $41,887
Rhode Island $45,184
South Carolina $36,986
South Dakota $37,826
Tennessee $37,413
Texas $41,520
Utah $41,284
Vermont $39,453
Virginia $42,908
Washington $45,932
West Virginia $36,596
Wisconsin $42,392
Wyoming $41,069

Data courtesy of U.S. Census American Consumer Survey and GOBankingRates

21 High Paying Jobs That Don’t Require a College Degree

1. Wind Turbine Service Technician

National average salary: $61,770

Job growth outlook: 60%

Job description:

•   Install, repair, and maintain wind turbines

•   Collect turbine data for analysis

•   Service underground systems related to wind turbine maintenance

•   Minimum interaction with colleagues makes this a promising job for antisocial people

Requirements: Likely need certification

How to get started: You can attend a technical school for this occupation and learn additional skills on-the-job to advance your career

2. Solar Photovoltaic Installer

National average salary: $48,800

Job growth outlook: 48%

Job description:

•   Set up, assemble, and maintain systems which convert sunlight into energy

•   Connect panels to electrical systems

•   Perform routine maintenance of photovoltaic systems

Requirements: High school diploma or equivalent

How to get started: You’ll typically need to take courses at a technical college and receive on-the-job training

3. Security and Fire Alarm System Installer

National average salary: $56,430

Job growth outlook: 9%

Job description:

•   Ensure work aligns with relevant local codes

•   Install and program security and fire alarm wiring and equipment

•   Perform routine maintenance and repairs to wiring and equipment

Requirements: High school diploma or equivalent

How to get started: You can attend technical school or get an entry-level job and receive training there

4. Floor Layers

National average salary: $48,690

Job growth outlook: 6%

Job description:

•   Remove existing floor materials to prep for installation

•   Lay and finish materials on floors

•   Lay and set materials on other surfaces such as countertops, showers, and walls

Requirements: None

How to get started: You can work as an assistant or apprentice, and learn additional skills on the job to advance your career

5. Tile and Stone Setter

National average salary: $48,690

Job growth outlook: 6%

Job description:

•   Remove existing materials to prep surfaces

•   Apply tile or stone to floors, walls, and countertops

•   Lay tile and stone in accordance to design plans

Requirements: None

How to get started: You can work as an assistant or apprentice, and learn additional skills on the job to advance your career

6. Industrial Machinery Mechanic

National average salary: $61,170

Job growth outlook: 15%

Job description:

•   Disassemble and reassemble problematic machinery

•   Repair or replace malfunctioning machinery components

•   Perform tests and calibrate machinery to required specifications

Requirements: High school diploma or equivalent

How to get started: Work as an apprentice or assistant, and learn skills on the job

7. Commercial Diver

National average salary: $61,300

Job growth outlook: 8%

Job description:

•   Build, repair, and inspect structures submerged in liquid

•   Work in teams to coordinate underwater tasks

•   Work with other professionals to ensure tasks are conducted safely, such as with engineers to lay foundations for a bridge

Requirements: Technical school

How to get started: You’ll need technical school and on-the-job training to advance

8. Aircraft Mechanic and Service Technician

National average salary: $75,400

Job growth outlook: 5%

Job description:

•   Diagnose electrical or mechanical problems on aircraft

•   Ensure work meets performance requirements

•   Test parts of aircraft with diagnostic equipment

Requirements: High school diploma or equivalent

How to get started: You’ll likely need specialized certifications

9. Mobile Heavy Equipment Mechanic

National average salary: $61,000

Job growth outlook: 9%

Job description:

•   Perform routine maintenance on machinery

•   Diagnose and repair or replace defective parts

•   Travel to worksite for heavy or large equipment

Requirements: High school diploma or equivalent

How to get started: You may need technical school or an entry-level position and on-the-job training

10. Farm Equipment Mechanic and Service Technician

National average salary: $48,010

Job growth outlook: 7%

Job description:

•   Perform routine maintenance on farm machinery

•   Diagnose and repair parts on broken farm equipment

•   Maintain records of repairs and maintenance

Requirements: High school diploma or equivalent

How to get started: You’ll need either technical school or an entry-level position to receive on-the-job training

11. Millwright

National average salary: $61,170

Job growth outlook: 15%

Job description:

•   Inspect and replace or repair broken or defective machinery in factories, power plants, and construction sites

•   Test major components when necessary

•   May need to travel to conduct repairs and maintenance tasks

Requirements: High school diploma or equivalent

How to get started: You’ll need an apprenticeship program, which can last several years

12. Airfield Operations Specialist

National average salary: $51,140

Job growth outlook: 5%

Job description:

•   Coordinate between air traffic control and maintenance personnel

•   Implement airfield safety procedures

•   Monitor and maintain flight records

Requirements: High school diploma or equivalent

How to get started: You’ll need some training in technical school or on the job

13. Pump Operators

National average salary: $54,690

Job growth outlook: 5%

Job description:

•   Tend, control, and operate pumps (portable, power-driven, or stationary)

•   Handle equipment to transfer materials such as oil, liquid, and gasses to and from vessels

Requirements: High school diploma or equivalent

How to get started: You’ll typically need either technical school or to work as an apprentice and receive training on the job

14. Aircraft Cargo Handling Supervisor

National average salary: $58,920

Job growth outlook: 8%

Job description:

•   Coordinate and supervise loading, unloading, staging, and securing of aircraft baggage or cargo

•   May need to assist members of flight crews in handling in-flight cargo

•   May need to determine cargo quantity to ensure it’s loaded safely

Requirements: High school diploma or equivalent

How to get started: You’ll need related experience, such as cargo handling, to be promoted to the job

15. Commercial Pilot

National average salary: $171,210

Job growth outlook: 5%

Job description:

•   Fly and navigate aircraft such as airplanes and helicopters

•   Ensure aircraft is balanced and in good condition before flights

•   Monitor aircraft during flight, takeoff, and landing

Requirements: High school diploma or equivalent

How to get started: You’ll need to complete flight training

Recommended: Is $100,000 a Good Salary?

16. Subway and Streetcar Operator

National average salary: $84,270

Job growth outlook: 4%

Job description:

•   Drive and maneuver public transportation

•   Watch for obstructions and other vehicles at crossings and remain alert to potential hazards

•   Report delays or mechanical problems using dispatch devices like radios

Requirements: High school diploma or equivalent

How to get started: May need formalized training

17. Massage Therapist

National average salary: $55,310

Job growth outlook: 18%

Job description:

•   Speak with clients about symptoms, treatment goals, and medical history

•   Manipulate muscles, ligaments, and other soft tissues on the body

•   Offer guidance on stretching and strengthening muscles

Requirements: You’ll need to get certified and licensed

How to get started: Attend training school; some programs help with job placement. Wages may be paid by salary or hourly.

18. Community Health Worker

National average salary: $48,200

Job growth outlook: 13%

Job description:

•   Develop materials and programs to teach the community about health topics

•   Help community find health services

•   Analyze data from community to learn how to help and improve services

•   Good opportunity for working after retirement

Requirements: High school diploma or equivalent

How to get started: You’ll usually need certification and on-the-job training

19. Private Detective and Investigator

National average salary: $49,540

Job growth outlook: 5%

Job description:

•   Conduct surveillance and collect evidence for clients

•   Search records to gather clues

•   Interview people to collect information that will help investigation

•   Because investigations are increasingly conducted online, this can be an interesting work-at-home job for retirees

Requirements: High school diploma or equivalent; may need licensing, depending on the state

How to get started: You’ll most likely need work experience, so it’s best to get started assisting another private detective or investigator

Recommended: Does Net Worth Include Home Equity?

20. Hearing Aid Specialist

National average salary: $58,670

Job growth outlook: 15%

Job description:

•   Administer and interpret hearing tests

•   Take ear impressions in order to prepare, design, or modify ear molds

•   Help select and fit hearing aids

Requirements: High school diploma or equivalent

How to get started: You can get hired as an assistant or apprentice and receive on-the-job training

21. First-Line Supervisor of Security Workers and Protective Service Workers

National average salary: $67,800

Job growth outlook: 4%

Job description:

•   Supervise and manage security and protective service staff

•   Create and maintain records related to the job

•   Ensure security and protective service workers are monitoring potential hazards and dangerous situations

Requirements: High school diploma or equivalent

How to get started: You’ll typically be promoted after years of experience

Recommended: What is The Difference Between Transunion and Equifax?

The Takeaway

It’s possible to earn a good income without having to complete a college degree. Many skilled positions still require technical school, apprenticeship, or on-the-job training. Certifications may also be required. Job growth looks promising for specialized mechanics and machine operators, security supervisors, and health workers. Other industries needing skilled labor include transportation, construction, and renewable energy. As long as you’re willing to put in the work and continue learning, you can be on your way to a fruitful career.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What job gets paid the most without college?

Some of the best paid jobs that don’t require a college degree include those in construction, maintenance and repair, and transportation.

What is the easiest job to get without a degree?

The easiest jobs to get without a college degree include entry-level positions in the construction or transportation industries.


Photo credit: iStock/dusanpetkovic

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-010

Read more
Best Self-Employed Jobs for Extra Income

Best Self-Employed Jobs for Extra Income

When life gets expensive (which is often), it can make sense to take on a side job to earn extra money. If you have skills you can put to work on a part-time basis (like writing, landscaping, or driving), you may be able to generate enough income to help pay down debt, build up emergency savings, or to get some breathing room in your budget.

What are the best self-employed jobs? Keep reading to find out.

Key Points

•   Self-employed jobs offer flexibility, which can be beneficial for balancing other responsibilities.

•   These jobs provide opportunities to earn extra income, gain experience, and expand professional networks.

•   Popular self-employed roles include writers, business consultants, and software developers, each with varying pay rates and growth outlooks.

•   While self-employment offers the chance to pursue passions, it also comes with challenges, like fluctuating income and increased responsibility.

•   The best self-employed job depends on individual skills, passions, and industry knowledge, with many roles offering potential for full-time opportunities.

What Are Self-Employed Jobs?

Being self-employed means working for yourself. For tax purposes, you may be considered a sole proprietor or an independent contractor. You can be self-employed on a full-time basis or part-time on the side.

Check your score with SoFi

Track your credit score for free. Sign up and get $10.*


Reasons for Getting a Self-Employed Job

These are some great reasons to get a self-employed job:

•   Earn extra money

•   Gain experience and improve skills

•   Expand your professional network

•   Make your own schedule around other responsibilities

Pros and Cons Of Getting a Self-Employed Job

Of course, there are advantages and disadvantages associated with self-employed jobs and side hustles, including:

Pros:

•   Flexible hours

•   Choose your work environment (home, cafe, office)

•   Great learning opportunities

•   Chance to pursue a passion

Cons:

•   Less collaboration

•   Starting a business can require long hours

•   Fluctuating earnings (having a budgeting app can help here)

•   A lot of responsibility

Recommended: What Trade Makes the Most Money?

What to Expect From Self-Employed Jobs

It can be hard to know what to expect from self-employed jobs since they don’t come with a job description or HR department. Some jobs can be done on a work-from-home basis, whereas others require showing up in-person.

Self-employed workers know to “expect the unexpected”: Don’t assume that your workday or client roster will be consistent or predictable, as it is with a full-time job. It’s normal for there to be speed bumps along the way to a more steady routine.

Self-Employed Job Tips

Now let’s look at some tips for making self-employment easier.

•   Focus on a passion. Having a second job or working as an entrepreneur is hard. But if you choose a field or mission you’re passionate about, it can be easier to stay motivated and on track.

•   Develop industry expertise. To really stand out and impress clients, it’s important to have a deep knowledge of the industry and skills required to do the job well.

•   Learn from mistakes. Mistakes happen, but they aren’t a reason to give up. Try to learn from mistakes and improve.

•   Make the most of your income. Once you start making extra money, you may need help managing it. A money tracker lets you connect all of your accounts in one place, so you can track your debts, keep tabs on your cash flow, and find ways to save.

16 Best Self-Employed Jobs 2022

What are the best self-employed jobs? Let’s take a look at 16 options, considering how much they pay and the skills they require. All of these jobs can be done on a part-time basis to generate supplemental income. They also have the potential to turn into full-time opportunities.

1. Writer

National average pay: $35.43 per hour

Job growth outlook: 5%

Job description: Write articles, books, scripts, advertising copy, and other materials.

Requirements: Strong understanding of grammar, communication skills, professional or academic writing experience.

Duties:

•   Write short-form or long-form copy

•   Edit written copy

•   Craft headlines and campaign slogans

2. Business Consultant

National average pay: $47.80 per hour

Job growth outlook: 11%

Job description: Consult businesses on how they can improve their performance.

Requirements: Business experience and good communication skills.

Duties:

•   Help a business perform better in chosen area(s) of focus

•   Measure and report business performance

•   Create strategy and present that strategy to key stakeholders

3. Videographer

National average pay: $31.28 per hour

Job growth outlook: 3%

Job description: Capture video content and edit it for clients.

Requirements: Video and editing skills.

Duties:

•   Shoot and direct video content

•   Edit video content using professional software

•   Plan video shoots

4. Social Media Specialist

National average pay: $13.71 per hour

Job growth outlook: 4%

Job description: Plan social media marketing strategy, create and post social content, and engage with audience.

Requirements: Marketing analytics and social media marketing knowledge, including paid social media.

Duties:

•   Plan social media campaigns: organic and paid

•   Create written and visual content

•   Interpret metrics to understand strengths and weaknesses

5. Makeup Artist

National average pay: $32.97 per hour

Job growth outlook: 9%

Job description: Apply makeup on models, individuals for special events, or actors for movies and red carpet events.

Requirements: License in cosmetology and strong cosmetic skills.

Duties:

•   Apply makeup to professional or individuals

•   Consult on beauty looks before big events

•   Design and apply special effects makeup for the film industry

6. Graphic designer

National average pay: $28.32 per hour

Job growth outlook: 2%

Job description: Design graphics such as logos and advertisements using digital tools.

Requirements: Understand design and color theory and be adept at digital design programs

Duties:

•   Use software to create visuals for digital or printed materials

•   Edit photographs

•   Create company branding

7. Career Coach

National average pay: $29.67 per hour

Job growth outlook: 4%

Job description: Help clients set professional goals and guide them as they work toward them. Coaching can be a rewarding way to make money from home.

Requirements: Strong understanding of job market and active listening skills.

Duties:

•   Help clients complete job applications effectively

•   Assist with cover letter and resume writing

•   Practice interview scenarios

8. Software Developer

National average pay: $62.58 per hour

Job growth outlook: 17%

Job description: Developers write computer code in order to create applications, websites, and other digital products or to update existing ones. Coding is considered the quintessential job for introverts.

Requirements: Knowledge of coding languages.

Duties:

•   Write computer code

•   Design and install programs and applications

•   Create or update websites

9. Event Planner

National average pay: $27.36 per hour

Job growth outlook: 7%

Job description: Plan corporate events, weddings, and parties.

Requirements: Plan and execute events, from compiling guest lists and booking the venue to selecting a caterer and choosing decor.

Duties:

•   Plan events from start to finish, from concept to tiny details

•   Run and manage the event day-of

•   Connect clients with vendors

10. Hairstylist

National average pay: $16.87 per hour

Job growth outlook: 7%

Job description: Cut, color, and style hair for clients, as well as providing other beauty services.

Requirements: Cosmetology license (most states)

Duties:

•   Cut and color hair

•   Style hair

•   Educate clients on hair care and products

11. Photographer

National average pay: $19.60 per hour

Job growth outlook: 4%

Job description: Take photographs of places, objects, and people for business clients or individuals who want a special moment or event recorded.

Requirements: Digital photography and photo editing.

Duties:

•   Plan photoshoots

•   Take digital photographs

•   Edit photos in post-production

12. Transcriptionist

National average pay: $17.82 per hour

Job growth outlook: -5%

Job description: Listen to recorded or live speech and transcribe it into text. (Transcribing is a good job for antisocial people.)

Requirements: Active listening, typing, and spelling and grammar skills.

Duties:

•   Accurately transcribe audio into text

•   Edit transcripts for proper spelling and grammar

•   Work for businesses or transcription services

13. Driver

National average pay: $19.21 per hour

Job growth outlook: 9%

Job description: Pick up and drive passengers to desired locations safely.

Requirements: Valid driver’s license and good driving record. If driving for a company, you may have to pass a driver’s test and own a car.

Duties:

•   Pick up passengers at desired location

•   Drive passengers to their location safely

•   Provide ride-share services or private driving services

Recommended: What Credit Score is Needed to Buy a Car?

14. Landscaper

National average pay: $18.12 per hour

Job growth outlook: 5%

Job description: Plan and plant landscaping and maintain existing plantings to ensure garden health and aesthetic appeal.

Requirements: Knowledge of landscaping best practices.

Duties:

•   Plant grass, flowers, trees, and shrubs

•   Maintain health of plants

•   Mow grass, trim and prune plants, and water landscaping

15. Nanny

National average pay: $14.60 per hour

Job growth outlook: -1%

Job description: Take care of children: Cook for, clean up after, play with, and transport them to and from school and social activities.

Requirements: Childcare experience; some parents prefer safety certifications such as CPR.

Duties:

•   Keep children safe, clean, and fed

•   Play with children and help them with their homework

•   Assist with household chores

16. Personal Trainer

National average pay: $22.35

Job growth outlook: 14%

Job description: Help clients master workout routines and make physical health progress. While this used to be an in-person job exclusively, many trainers now work from home, coaching and leading classes via web-cam.

Requirements: Education in kinesiology or exercise science.

Duties:

•   Create custom workout routines for clients

•   Help clients set fitness goals

•   Instruct clients on how to properly perform exercises and monitor their physical progress

The Takeaway

The best self-employed job for you depends on your skills and passions. There are many self-employed job opportunities across various industries that can help you earn extra money. Benefits include flexible hours and schedules, your choice of workplace, and the opportunity to expand your knowledge and skills. Disadvantages include fluctuating income, unpredictable workdays, and total responsibility.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

How can I make $1,000 a month passively?

Passive income takes work to set up, but it can be rewarding once the initial labor is done. Investing is a good example of passive income. It takes time and money to build a strong investment portfolio, but once you do, you can earn money passively each month with little effort.

What self-employed jobs make a lot of money?

Personal trainer, event planner, software developer, business consultant, videographer, and makeup artist are some of the best paying self-employed jobs. But many different types of jobs can generate good income once you have some experience.

Which career is best for the self-employed?

As they say, one person’s heaven is another’s hell. And so it is with self-employed jobs. Think carefully about what you’re good at, your industry knowledge and experience, and the type of role you’re passionate about in order to find the right self-employed job for you.


Photo credit: iStock/dusanpetkovic

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-008

Read more
27 Most Fulfilling Full-Time Jobs That Pay Well for Extroverts in 2022

27 Fulfilling Jobs for Extroverts That Pay Well

You know when you’re an extrovert. So does your employer. If your vibrant personality doesn’t feel like a good fit with your current job, you may want to join the 28% of workers who said they’re likely to quit their job in 2024.

We’ve rounded up dozens of fulfilling jobs that pay well and welcome extroverts. Because sometimes, the grass looks greener elsewhere because it really is.

Key Points

•   Extroverts thrive in roles that require frequent interaction, team management, and public recognition.

•   High-paying jobs suited for extroverts include CEO, marketing manager, nurse practitioner, dentist, and financial manager.

•   Due to their outgoing nature, extroverts tend to earn more, benefiting in interviews and performance-based roles.

•   Healthcare, business, technology, and public relations may all offer fulfilling, well-paying opportunities for extroverts.

•   Careers ideal for extroverts involve communication, teamwork, and competitive pay, leading to both personal and financial satisfaction.

Are You an Extrovert?

Extroverts are known for their outgoing personalities that are energized by interactions with other people. They often enjoy the spotlight and seek attention. Employees with this type of personality thrive in roles that would be pure misery for antisocial people.

If this sounds familiar, pat yourself on the back: Being an extrovert often gives candidates a leg up in job hunting. Generally speaking, the job seeking process tends to favor extroverted job seekers, who may come across more natural and comfortable in interviews than more reserved candidates.

Extrovert or not, people who are passionate about their jobs often don’t have time for much else. The right financial software can help busy professionals manage their day-to-day finances. SoFi’s money tracker app is the kind of app that keeps any personality type on track. It monitors your credit score, tracks your spending, and helps you set savings goals — for free.

Common Characteristics of Good Extrovert Jobs

The right job can make you feel more fulfilled in and out of the office. Extroverts are wise to look for jobs that offer:

•   Interaction with people

•   Frequent opportunities for communicating or persuading

•   Room for risk-taking

•   Opportunities to work with a larger team

•   Public recognition for good performance

•   Outlets to express positive energy

And don’t miss our roundup of trade jobs that make the most money.

27 Fulfilling Jobs for Extroverts That Pay Well

Here are some ideas of where you can start looking for fulfilling jobs that pay well. Our criteria in highlighting these jobs were frequent interaction with people, opportunity to manage teams, recognition for good performance, and outlets to express positive energy. And high pay doesn’t hurt.

1. Registered Nurse

Average salary: $86,070

Primary duties: Provide patient care and education. Patients and loved ones really appreciate an extrovert’s positive energy and communication skills.

2. Nurse Practitioner

Average salary: $129,480

Primary duties: Diagnoses and treats illnesses in patients. Like doctors, NPs may order prescriptions and procedures to improve the health of a patient.

3. Physical Therapist

Average salary: $99,710

Primary duties: Helps injured people with pain, mobility, fitness, and overall function. Extroverts may enjoy demonstrating exercises and seeing progress in patients.

4. Physician Assistant

Average salary: $130,020

Primary duties: Practices medicine under the supervision of a licensed doctor. May prescribe medication or diagnostic tests.

5. Surgical Technologists

Average salary: $60,370

Primary duties: Assists with surgeries, prepares the operating room, and organizes equipment. Best for an individual who can calmly assist under pressure.

6. Dentist

Average salary: $170,910

Primary duties: Provide preventative dental and surgical care for oral diseases and tooth decay. Sees many patients every day. Great dentists combine precision technique with the ability to reassure nervous patients. Here’s one job where paying off student loans shouldn’t be a problem.

7. Dental Hygienist

Average salary: $87,530

Primary duties: Under the supervision of a dentist, cleans teeth and helps with preventative oral care and education for patients. As with dentists, a positive, reassuring attitude is key.

8. Medical and Health Services Manager

Average salary: $110,680

Primary duties: Directs medical and health services, including hiring staff, creating work schedules, working with finance managers, and developing goals for a department or organization. Managers need strong egos to take charge and get employees to fall in line. (You might also be interested in Is $100,000 a Good Salary?)

9. Sales Representative

Average salary: $73,080

Primary duties: Sells products and services for businesses. High-energy, extroverted individuals often do well getting people to buy whatever they’re selling. Sales reps who work on commission can earn big bucks.

10. Marketing Manager

Average salary: $156,580

Primary duties: Develops a client base for a business, works on the brand image, oversees creation of marketing materials, and performs market research. Manages teams that implement the vision of the company. Positions range from staff jobs on salary vs. hourly pay for freelancers.

11. Industrial Engineer

Average salary: $99,380

Primary duties: Designs systems that integrate people, resources, equipment, and processes for building products or providing services. Engineers tend to be the center of attention while building systems for an organization.

12. Financial Manager

Average salary: $156,100

Primary duties: Responsible for the financial activities of an organization, including financial reporting, investments, and decisions that drive profitability. Managers oversee teams of people and the financial direction of an organization. (The next best thing to a personal financial manager? This spending app.)

13. Human Resources Manager

Average salary: $136,350

Primary duties: Responsible for the management of an organization’s talent recruitment, training, retention, compensation, benefits, and adherence to state and federal employment law. (These folks help determine entry level salaries.) Dynamic personalities in HR help companies attract high-performing employees to an organization.

14. Chief Executive Officer

Average salary: $206,680

Primary duties: Coordinates, directs, and manages the business activities of a company. Responsible for large groups of people and programs. CEO is typically not a job for introverts, though there are high-profile exceptions to that rule.

15. Real Estate Agent

Average salary: $56,620

Primary duties: Assists with the buying and selling of real estate. Advises clients throughout the process, on pricing, marketing, contracts, financing, and negotiation. Charismatic agents can make very competitive pay.

16. Police Officer

Average salary: $74,910

Primary duties: Protects life and property, keeps the peace, interacts with the public, investigates crimes, and files reports. While the starting salary isn’t huge, extras like holiday pay, night-shift differentials, and overtime can push salaries over $100,000. Some departments are even offering signing bonuses.

17. Talent Manager / Agent

Average salary: $123,720

Primary duties: Manages the business interests of artists, performers, and athletes. Works in booking, contract negotiation, and money management. Superior communication and negotiation skills required.

18. Producers and Directors

Average salary: $82,510

Primary duties: Direct the business and creative endeavors of visual productions for television, stage, and film. This is show business, baby!

19. Construction Manager

Average salary: $104,900

Primary duties: Directs construction projects, including timelines, scheduling subcontractors, managing budgets, responding to delays, finding resources, developing relationships, and ensuring work complies with legal requirements.

20. Architect

Average salary: $99,310

Primary duties: Combines structural requirements and client preferences to design beautiful and functional buildings and interior spaces. Works in a team with many other professionals. Bringing a vision to life can be incredibly rewarding for architects.

21. Mechanical Engineer

Average salary: $99,510

Primary duties: Addresses problems through the creation of mechanical and thermal devices. Works in teams to research, design, manufacture, and test tools, machines, and engines.

22. Public Relations Professional

Average salary: $66,750

Primary duties: Create and maintain a positive public image for clients through traditional media networks and social media platforms. Great communicators will perform above expectations in this job.

23. Social Media Specialist

Average salary: $58,190

Primary duties: Learn social platforms and engage followers. Build a brand’s reputation through images and text shared with the public. It’s a job that doesn’t require a college education. It can also be a fulfilling part-time job.

24. Sales Manager

Average salary: $135,160

Primary duties: Direct sales activities for an organization. Develops new markets, trains sales representatives, coordinates distribution of a product or services, and creates goals for the department. Pursuing shared goals and collaborating with many people make this a great job for an extrovert.

25. Sales Engineer

Average salary: $116,950

Primary duties: Sells technical, complex, or scientific products or services to businesses. Persuasive individuals with a technical background are best suited for these roles. Also called software sales or technology sales.

26. Computer Systems Analyst

Average salary: $103,800

Primary duties: Also called systems architects, analysts design computer systems for organizations to help them operate more efficiently.

27. Pilot

Average salary: $171,210

Primary duties: Responsible for the safe operation of aircraft. Files flight plans, communicates with air traffic controllers and monitors weather conditions. May operate helicopters or planes as commercial or private pilots. High-achieving, extroverted personalities can do well. You may also want to read our tips on paying for flight school.

Track your credit score with SoFi

Check your credit score for free. Sign up and get $10.*


Recommended: What Is The Difference Between Transunion and Equifax?

The Takeaway

Extroverts can do any job they set their mind to, but the most fulfilling jobs for extroverts are the ones where their work can be seen and appreciated by others. Extroverts gravitate toward careers that demand high performance, often under pressure: medicine, sales, finance, even the C-suite. In exchange, many roles in those fields offer competitive pay.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What job is best for extroverts?

While there’s no one job that is best for everyone, extroverts tend to find jobs that harness their drive to perform and their superior people skills most fulfilling.

Do extroverts make more money than introverts?

Extroverts tend to make more money than their introverted peers, though introverts and extroverts are both positioned to be successful leaders in their fields.

Can part-time jobs be fulfilling?

Part-time jobs can be fulfilling. They may also allow you extra time to yourself. To find a fulfilling part-time job, search websites where this is a primary feature, such as Indeed.com.

Do fulfilling jobs ever pay well?

Fulfilling jobs can pay well. If you don’t want to sacrifice your financial well-being to enjoy a rewarding occupation, pay attention to salary reports from the Bureau of Labor Statistics. They can reveal where high-paying jobs and industries are.


Photo credit: iStock/andresr

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-009

Read more
Work From Home Jobs With Flexible Hours for Moms

Work From Home Jobs With Flexible Hours for Moms

In the not-too-distant past, when couples had kids, one partner stayed home — and essentially gave up their career for a while. Today, however, more companies are accommodating remote work and flexible hours for an expanding roster of jobs. Stay-at-home parents may be surprised to see that the industry they left behind is now open to hiring them back on a part-time or freelance basis.

We’ve rounded up the most promising work-from-home jobs with flexible hours across a range of occupations. Some require a relevant degree or specialized training or experience, while others are more open to motivated generalists.

Key Points

•   Remote work and flexible hours are more common, which can help parents who are re-entering the workforce.

•   Some work-from-home jobs require specific degrees, while others are open to generalists.

•   Companies increasingly accept remote work, with many employees on hybrid or fully remote schedules.

•   Sales representatives, advertising sales agents, and public relations specialists have remote work opportunities.

•   Financial sector roles like financial analysts and accountants offer good entry-level salaries and remote work options.

Is Working From Home Here to Stay?

Companies are finally accepting that work-from-home situations can be beneficial for businesses and workers. Today, 41% of American workers who have the ability to do their job remotely are working a hybrid schedule, according to a 2023 Pew Research Center survey. And 14% are able to work from home the entire week.

This is great news for the millions of Americans who can’t swing a full-time office job, from job-seeking retirees to self-described “antisocial” folks.

That said, telework is unlikely to be available for occupations that have a need for workers at a jobsite, including trade jobs. But many more professional roles can be fulfilled by remote workers.

Are WFH Jobs and Remote Jobs the Same?

WFH and remote jobs may be different in how they’re set up. Some companies define “work from home” (WFH) as a temporary situation, like working from home on a Friday but coming into the office other days of the week. The expectation for remote workers is that they define their own workday and may never need to go into the office.

Do All Part-Time Jobs Have Flexible Hours?

No. Some part-time jobs have set hours rather than flexible hours. It all depends on what your employer requires. If you need flexible hours (or would prefer set hours), be sure to communicate that with the hiring manager.

Recommended: Pros and Cons of Raising the Minimum Wage

13 WFH Jobs With Flexible Hours for Moms

If you need or want to work from home, there’s never been a better time. Take a look at these 13 occupations with the most remote opportunities, per the Bureau of Labor Statistics. Some may pay hourly vs. salaried, but all pay considerably higher than minimum wage.

We hope this list will inspire you to pursue a job with flexible hours that previously might have shut you out.

1. Market Research Analyst / Marketing Specialist

Median annual wage: $74,680

Job growth outlook (2023-2033): 8%

Requirements: Bachelor’s degree

What they do: Market research analysts study consumer behavior and preferences, then make recommendations to businesses that promise greater profitability. They also research a company’s position in the marketplace relative to their competitors.

2. Marketing Manager

Median annual wage: $156,580

Job growth outlook (2023-2033): 8%

Requirements: Bachelor’s degree

What they do: Marketing managers create interest in a product or service using advertisements, promotions, and other marketing tactics. They develop pricing strategies and negotiate advertising contracts. This is the highest paying job on our list.

3. Fundraiser

Median annual wage: $64,160

Job growth outlook (2023-2033): 6%

Requirements: Bachelor’s degree

What they do: Fundraisers organize events and campaigns to help raise money for an organization. They may work for political campaigns, nonprofits, or educational institutions.

4. Compensation and Benefits Manager

Median annual wage: $136,380

Job growth outlook (2023-2033: 2%

Requirements: Bachelor’s degree

What they do: Compensation and benefits managers administer an organization’s salary and insurance plans for employees. They analyze market trends to determine competitive pay and perks that attract and retain talent.

5. Claims Adjuster / Examiner / Investigator

Median annual wage: $75,020

Job growth outlook (2023-2033): -5%

Requirements: High school diploma or equivalent

What they do: Claims adjusters, examiners, and investigators are responsible for processing an insurance’s company’s claims. They determine if the claim is eligible and how much should be paid out. It’s one of the few jobs that don’t require college.

6. Financial and Investment Analyst

Median annual wage: $99,890

Job growth outlook (2023-2033): 9%

Requirements: Bachelor’s degree

What they do: Financial and investment analysts help businesses and individuals make decisions to become more profitable. Analysts may work on the “buy-side” (for companies with a lot of money to invest), the “sell-side” (for agents who sell stocks and bonds), or the media. They may specialize in a particular area or market, like tech or energy. The financial sector tends to have very good entry-level salaries.

7. Accountant / Auditor

Median annual wage: $79,880

Job growth outlook (2023-2033): 6%

Requirements: Bachelor’s degree

What they do: Accountants and auditors are responsible for preparing accurate financial reports, analyzing the financial health of an organization, and filing taxes. They may make suggestions to a business about how to reduce costs, eliminate inefficiencies, and improve profitability. Accounting has long been considered a good job for introverts.

8. Computer Systems Analyst

Median annual wage: $103,800

Job growth outlook (2023-2033): 11%

Requirements: Bachelor’s degree

What they do: Computer systems analysts help businesses become more efficient with specific computer technologies. They analyze the cost and benefits of IT systems and help managers decide which are best for their organization. They are sometimes called systems architects and usually specialize in a specific type of computer system.

When you’re earning a six-figure salary, it helps to have a big picture of your money. Tools like a spending app let you keep tabs on your budget and savings goals.

9. Network and Computer Systems Administrator

Median annual wage: $95,360

Job growth outlook (2023-2033): -3%

Requirements: Bachelor’s degree

What they do: Network and computer systems administrators are responsible for the day-to-day operation of computer networks for an organization. They may install, test, make upgrades and repairs, and train users. They manage servers, desktops, and mobile equipment. Much of this can be done remotely.

10. Computer Support Specialist

Median annual wage: $60,810

Job growth outlook (2023-2033): 6%

Requirements: Some college

What they do: Computer support specialists help users with computer network problems. They also maintain existing network systems. The potential as a part time job with flexible hours for students is there.

11. Sales Rep, Wholesale and Manufacturing

Median annual wage: $73,080

Job growth outlook (2023-2033): 1%

Requirements: Bachelor’s degree

What they do: Sales representatives can make money by selling products or services for an employer. They explain the features of the product and help the customer understand how the product can benefit them. They negotiate prices, prepare sales contracts, and submit orders for processing. They maintain a relationship with the client for ongoing business exchanges.

12. Advertising Sales Agent

Median annual wage: $61,270

Job growth outlook (2023-2033): -7%

Requirements: High school diploma or equivalent

What they do: Advertising sales agents sell advertising space to businesses and individuals. They build relationships with clients and explain the design, contracts, and cost of the ad space.

13. Public Relations Specialist

Median annual wage: $66,750

Job growth outlook (2023-2033): 6%

Requirements: Bachelor’s degree

What they do: Public relations specialists are responsible for maintaining a positive image for their clients. They do this by preparing information for the media, running social media programs, and preparing clients for interviews with the media.

Recommended: Jobs That Pay Off Student Loans

Track your credit score with SoFi

Check your credit score for free. Sign up and get $10.*


The Takeaway

There’s never been a better time to be a remote worker. Whether you’re an expert in your field or need to make a job transition, remote jobs with flexible hours are now possible for many workers. Sometimes, it’s just a matter of knowing where to look for the jobs and finding the right match for your skills.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What kind of job can I do as a stay-at-home mom?

Any job that can be done remotely is one you can do as a stay-at-home mom. Many well-paying jobs can be done remotely, such as legal work, marketing, sales, and more.

What is the best part-time job for a housewife?

The best part-time job for a housewife is one that fulfills you and helps support your family at the same time. Look for industries, occupations, companies, and individuals that are supportive of your goals and needs. In the competitive labor market we’re in now, you can ask for things that are important to you, such as a flexible schedule or remote work.


Photo credit: iStock/lechatnoir

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-007

Read more
TLS 1.2 Encrypted
Equal Housing Lender