Side Hustle: Bookkeeping 101
Siri play, Diva by Beyonce.
If you know me, you know I'm all about getting that money, HONEY!
So here we are, 2023, and let's be real – building generational wealth? It takes more than just one job. Bills, inflation, student loans (Thanks, Joe), savings, investments, and the simple desire to live life the way I WANT TO – it all adds up. A single 9-5 gig? Nah, not enough for me.
Currently, I'm rocking it as a financial analyst from 8:30 to 17:00. I adore my job and the vibe in my workplace, but you know what? More money is always welcome. It's not just about my security; it's about securing a future and creating a legacy for my lineage.
But here's the truth: I don't plan on clocking in 9-5 my whole life. I have a purpose burning inside me, and I'm determined to work for it. God blessed me with gifts to build my legacy, and that's precisely what I'm doing. To chase my purpose, I need financial stability – a reliable income to handle the bills and fuel my dreams and my niche development in personal finance.
So, after my day job, I started hunting for contract gigs – something flexible, high-paying, and skill-enhancing. My search led me to opportunities in accounting and financial analysis. I stumbled upon an open position for an associate bookkeeping job, applied, and was offered the job. TOOK IT, anddddd LOVING IT!
Becoming a Bookkeeper:
If you are organized, have around 30 hours of free time a month, and have an interest in accounting. Bookkeeping can be an amazing part-time job, full-time, or entrepreneurship venture.
Embarking on the Bookkeeping Adventure: A Part-Time Gig with Big Impact
Becoming a part-time associate bookkeeper has added a wonderful layer of depth to my life. It’s not just a job; it’s a fulfilling commitment that allows me to contribute meaningfully to businesses while maintaining my minimalist lifestyle. Let me give you a sneak peek into my bookkeeping world and how you, too, can dive into this fulfilling journey.
A Glimpse into the Life of a Part-Time Associate Bookkeeper
In my role, I spend approximately 20 hours a month ensuring financial clarity for businesses. From meticulously recording transactions to organizing financial data, every moment I invest is a step towards fostering financial stability. Now, here’s the exciting part - this commitment allows me the freedom to balance my passions, work, and personal life effectively.
Flexibility and Variation: The Beauty of Part-Time Bookkeeping
One of the fascinating aspects of being a part-time associate bookkeeper is the flexibility it offers. The average time I spend monthly can vary based on where I practice this skill. Different places have different needs, and being adaptable is key. Whether it's a local business or an online venture, the opportunities are vast and diverse.
How You Can Dive into Bookkeeping
Curious about becoming a bookkeeper Here’s how you can start:
1. Explore Learning Opportunities: Begin by delving into the basics of accounting. There are fantastic online courses tailored for beginners. These resources allow you to learn at your own pace, making it perfect for anyone with a busy schedule.
2. Certification for Confidence: Consider getting certified. It not only enhances your skills but also provides a sense of confidence in your abilities. Look for programs that align with your time availability and learning preferences. THIS IS NOT MANDATORY FOR MAJORITY OF OPPORTUNITIES.
3. Network and Adapt: Connect with fellow bookkeepers and professionals in your area. Networking opens doors to various opportunities and allows you to adapt your skills based on the demands of different locations.
LinkedIn has a great platform for groups specific to Bookkeeping.
4. Stay Tech-Savvy: Embrace user-friendly accounting software. These digital tools not only simplify your tasks but also offer the convenience of remote work, allowing you to serve clients from the comfort of your minimalist haven. Example: Quickbooks Accounting.
Categorize income meticulously, maintaining accurate and organized financial records.
Manage sales tax across multiple states, ensuring compliance with diverse regulations.
Balance the financial needs of nine clients, providing precise and timely support.
Conduct in-depth financial analysis to inform strategic decision-making.
Utilize Quickbooks Accounting Online for comprehensive financial management.
Attention to Detail: Maintain precision in categorizing income and managing financial data.
Sales Tax Expertise: Navigate and comply with sales tax regulations across multiple states.
Financial Analysis: Extract insights from data to facilitate informed decision-making.
Efficient Multitasking: Juggle tasks for nine clients, ensuring accuracy and timeliness.
Tech Proficiency: Utilize Quickbooks for streamlined financial management.
I started off being paid hourly, I have 10 clients I do daily/monthly bookkeeping for. On Average I earn $665 of additional income on top of my salary job.
Now that I have worked past the 90 day training period, I am now being paid at a fix rate of $1,100 a month instead of hourly. Monthly I work approximately 20 hours, while learning a new skill in the comfort of my new home.
Bookkeeping has been such a great addition to my life. it provides healthy challenges for me to improve and develop my skills as well as make money while not absorbing up too much time to continue to pursue my passion for blogging. Bookkeeping may not be for you, but there are part-time jobs out there that can pay you more than minimum wage while offering a work life balance.
Stay fabulous and financially savvy!
With love and financial freedom,