Working from home or while out and about is becoming increasingly prevalent thanks to modern technology. In fact, it is estimated that 13.9 per cent of the entire workforce in the United Kingdom enjoy telecommuting as a profession. However, these roles still represent only a single step away from traditional forms of employment. How can you enjoy a location-independent lifestyle while still earning a substantial income? Let’s look at four steps towards this form of independence.
1. Think Beyond the Nine-to-Five Routine
Before any action can take place, you must develop the correct mindset. What game plan do you have in place? Are you looking to earn a full-time income or do you instead wish to generate nothing more than a side hustle so that you will be able to travel more frequently? You need to be able to step outside of the traditional employment paradigm in order to be able to appreciate the options at your disposal. Answering these questions will help to point you in the right direction.
2. Become Involved with Online Investing
One of the most effective ways to embrace a flexible lifestyle is to become involved with the world of online trading. While the ability to secure an additional source of income is an obvious benefit, there are other advantages which should not be taken lightly (2):
- Online trading has become quite affordable.
- There are a host of modern trading platforms to choose from.
- You will have greater control of your finances and assets.
- Real-time trades have now become a reality.
Now that we have painted the “broad strokes”, let us quickly examine the finer points of this profession.
3. Consider CFD Trading
One of your options when you first enter into the world of online investing is CFD trading. Otherwise known as contracts for difference, these instruments will not require you to physically own the underlying assets. Therefore, you should not be concerned with taxation issues. Furthermore, it is even possible to turn a profit if the asset loses value. You simply need to correctly predict the direction of this movement. With plenty of CFD trading examples out there, it’s hard to go wrong. You can access Forex pairs, commodities, stocks, indices and more.
4. Maintain Discipline and Focus
The fourth step is often glossed over by many of those who would otherwise remain self-employed. Discipline here is key to success. Most entrepreneurs who work independently have not set hours. They must become their own boss and this requires a significant amount of discipline. Flexibility should never associated with a lazy work ethic. Carefully consider this perspective, as you could otherwise soon find out that you have bitten off more than you can chew.
Finally, be sure to choose the respectable trading platforms associated with CMC Markets. Not only are these instruments used by professionals, but the fact that they can be accessed from anywhere with the help of a mobile application signifies that you can remain connected at the appropriate times. Becoming independent from a specific location is actually much easier than you may have initially realised. Online trading is perhaps one of the best ways to appreciate what this lifestyle has to offer.