Well, the good news is nothing can stop you from doing so!

But remember,

It won’t be easy. No doubt, the struggle is real for all the single women out there let alone single moms. It is all about women who use their destitution as a weapon to emerge stronger and fiercer than before.

Being a single woman or single mom doesn’t mean your income opportunities are limited. You can take up multiple jobs or start a new business to boost your financial status. However, if you feel that a single income source is not enough you can always earn extra through freelance writing, blogging, surveying, photography or home-based jobs to reach your financial goals faster.

Let your passion drive you to get other sources of income. For instance, if you work as a receptionist and aren’t very fond of your job, you can launch a startup about something you love doing. This way your interest will stay alive and you’ll get sufficient income to make both ends meet. As Marsha Sinetar quoted very well,

do what you love and the money will follow!

Think carefully and devise an investment strategy. Don’t be scared to take risks, but remember to make every move wisely.

You can use certain charms and strategies to lure your customers in. The Turner Strategy allows you to set the most competitive prices so that the clients always prefer your services above others. It involves dropping 3 zeros; for example, you like to earn $50,000 at least, simply drop three zeros and you have your per hour rate i.e. $50 which seems more decent. Always keep in mind the minimum amount that will leave you discontented for a job, double that amount and charge it. You can also Google what rates other services are offering and set your price accordingly. These tactics work most of the time!

When it comes to striving for independency, single women/ mom should choose their acquaintances wisely. We all are the products of the company we keep whether it’s our friends, colleagues or even blood relations. If these people are envious or show slightest bit of unhappiness on your achievements, you should keep your distance from them. These faces will show up when you’re at your best and they will try to bring you down.

Managing income resources and keeping a close check on the savings is crucial for single women. Set a backup income option like emergency fund and life insurance policy to reduce the risk factors like a downturn in your business or sudden retirement.

Hope to have the best, but prepare for the worst!

Remember

You’re a role model for those around you especially your children. Impart your knowledge to your kids and give them the confidence to work hard for a bright future. Maintain a balance between your corporate and private life. Spend time with your family, because we all know that money doesn’t really buy happiness. And above all, be thankful for what you have.