Pro and Cons for Passive Income Home Workers

The Essential Guide To The Pros And Cons Of Working From Home

The popularity of the internet and the ease of online communication have made the option of working from home far more accessible. It is seen across the globe that many people are choosing the route of self-employment and freelance contracting over traditional full-time office jobs. Employers themselves have also seen the opportunities involved in online freelance work and many now choose to hire affordable freelance contractors instead of paying rates for “in office” employees. Yet, as exciting as working from home may seem it can be a difficult route to follow. This article will provide information on the pros and cons of working from home.

What Are The Advantages Of Working From Home?

1. Working At Your Pace

A great advantage to working from your home is the fact that you do not have an employer. This lack of a boss always checking in on your work means you can operate or proceed at your own pace. Of course, there are deadlines set for contracts but the time you take to complete the set tasks is based around your needs and you are able to work when you wish. This is highly convenient and very enjoyable if you are a person who likes sleeping in until midday.

2. Working Around Your Life

In addition to working at your own speed or pace, working from home allows you to build your working hours around your personal schedule. This is arguably the most beneficial aspect of working from home as you are now able to manipulate the working hours to suit your lifestyle, demands, and desires. For example, as a parent you will no longer miss soccer practice or dance classes due to work responsibilities. Family and friends will be placed at the top of your priority list.

3. Saving Money

One of the pros of working from home is the reduction in traveling expenses and saving money. Contrary to the belief that working from home sees a reduction in earnings, the money spent on work attire, commuting to work, and wear-and-tear expenses on the car will be eliminated. This increases savings and you can see an increase in the monthly income amount.

What Are The Disadvantages Of Working From Home?

1. Reduction In Income

While there will be a saving of certain items, working from home can be disadvantageous as people tend to see the overall income from projects is far less than working from an office. Of course, this is dependent on several factors including the type of online project being completed and the time of year. It is important to keep this factor into account and understand that the hourly rate for many jobs often works out to be at least or less than minimum wage.

2. Meeting Deadlines

While working from home allows you to spend more time with the family, families have a tendency to be a distraction and cause high levels of procrastination. Due to the lack of a supervisor and a need to work on self-determination, work can be pushed to the side if not careful and you may find yourself working long hours to finish projects. This can be tiring, distressing, and unpleasant – particularly if the deadline is within 24 hours – and you must be aware of this possibility when choosing to work from home.

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