Building Financial Resilience: Navigating High-Paying Career Opportunities for Parents

5 High Paying Career Opportunities for Parents to Help Overcome Financial Challenges

During April, Supermums is shining a light on the importance of empowering women to earn more.

Finding high-paying career opportunities for parents is a common reason why men and women have decided to launch their Salesforce Career with Supermums. Our clients have to earn more than their childcare and living costs accrue otherwise it’s just not worth it. We are seeing parents make it pay to work.

The cost of childcare

Parenthood is a rewarding journey filled with love and joy, yet it also comes with significant financial responsibilities. In today’s world, where the cost of living continues to rise, financial resilience is essential for parents to navigate the challenges of raising children while securing their family’s future.

One of the most pressing financial burdens for parents is childcare. Recent statistics show that childcare costs vary significantly depending on factors such as location and type of care. In the United States, the average annual cost of full-time childcare for one child ranges from $8,000 to $22,600, while in the United Kingdom, it averages around £6,000 to £12,000. These expenses can strain a family’s budget, making it crucial for parents to find effective ways to manage them.

Impact on Household Budget

The cost of childcare is just one aspect of the financial strain that parents face. Housing, food, healthcare, education, and extracurricular activities also contribute to the overall financial pressure. According to recent surveys, nearly 60% of parents in the USA and nearly 70% in the UK report feeling stressed about their finances, with concerns about providing for their children’s needs being a significant source of anxiety.

Heather, the founder and CEO of Supermums, is a regular guest on a parenting podcast shows, sharing career opportunities for parents and how to successfully retrain and launch a new well-paid career. We have enjoyed collaborations with great allies including Your Ideal Mom Life with Nikki Oden, Dr Maryhan, The Expat Career Coach and Loree Phillips at WeSpark.

Building Financial Resilience

Despite these challenges, there are actionable steps parents can take to build financial resilience and provide a secure future for their families

1. Budgeting: Creating a comprehensive budget that accounts for all expenses, including childcare, is essential. By tracking spending and identifying areas where costs can be reduced, families can free up money to save for emergencies and future goals.
2. Emergency Savings: Establishing an emergency fund is crucial for weathering unexpected financial setbacks, such as job loss or medical expenses. Financial experts recommend saving three to six months’ worth of living expenses in a readily accessible account.
3. Investing in Education: While childcare and education expenses can be significant, investing in quality education for children can pay dividends in the long run. Research shows that children who receive a quality education are more likely to succeed academically and professionally, increasing their earning potential in the future.
4. Insurance Protection: Adequate insurance coverage, including health, life, and disability insurance, can provide peace of mind and protect families from financial devastation in the event of illness, injury, or death.
5. Long-Term Financial Planning: Planning for the future is essential for parents, especially when it comes to retirement. Contributing regularly to retirement accounts such as 401(k)s or IRAs can ensure a comfortable retirement while also providing tax benefits.

Career opportunities for parents

It is important to find career opportunities for parents with a high earning potential and the financial resources they need to support their families and achieve their financial goals. Here are some recommendations for pursuing high-paying careers

1. STEM Fields: Careers in science, technology, engineering, and mathematics (STEM) often offer lucrative salaries. Occupations such as software engineering, data analysis, and biomedical research are in high demand and typically command above-average salaries. Investing in education and training in STEM fields can lead to rewarding and well-compensated careers.
2. Healthcare Professions: The healthcare industry offers a wide range of high-paying career opportunities. Physicians, surgeons, dentists, and nurse practitioners are among the highest-paid professionals in the healthcare sector. Additionally, specialized fields such as anesthesiology, orthopedics, and dermatology often offer substantial earning potential.
3. Finance and Business: Careers in finance, accounting, and business management can also provide significant financial rewards. Positions such as financial analyst, investment banker, and management consultant are known for offering competitive salaries and lucrative bonuses. Advanced degrees and professional certifications can enhance earning potential in these fields.
4. Legal Profession: Law is another field where professionals can earn substantial incomes. Lawyers, especially those specializing in corporate law, intellectual property, or healthcare law, often command high fees for their services. Additionally, becoming a partner at a law firm or starting a successful private practice can lead to significant financial success.
5. Entrepreneurship: Starting a business or pursuing entrepreneurship can offer unlimited earning potential. Successful entrepreneurs have the opportunity to build wealth and create financial security for their families. While entrepreneurship involves risks, it can also lead to great rewards for those with innovative ideas and strong business acumen.

Conclusion:

Choosing a high-paying career is a strategic way for parents to build financial resilience and provide a secure future for their families. By pursuing careers in fields such as STEM, healthcare, finance, law, or entrepreneurship, parents can increase their earning potential and achieve their financial goals. Investing in education, gaining valuable skills and experience, and seizing opportunities for advancement are essential steps towards building a successful and prosperous career. With careful planning and determination, parents can navigate the financial challenges of parenthood with confidence and create a brighter future for themselves and their children.

How Supermums is providing career opportunities for parents

Supermums is empowering men and women to build financial resilience and earn more through elevating the career opportunities for parents in STEM.

We work with businesses and employers who choose to hire and empower women in the workplace

We help both men and women to launch and progress a flexible career within a higher paying profession so it pays to work.

We have actively help clients to:

• Build financial resilience to buy their own homes
• Increase their earnings to invest in their families and retirement
• Launch a career with progressive earning opportunities.

What our clients say….

Why we care at Supermums

Supermums is an Authorised Salesforce Training Provider and we provide training courses to individuals looking to upskill and launch a new career.
It was founded on a mission to help mums secure a flexible well paid resilient career. The idea originated from our founder Heather Black when she found herself looking for a new career that would fit around starting a family without losing her financial footing. She stumbled across a career in Salesforce and realised other mothers should hear about the flexible well paid career opportunities in tech.
This led Heather to completely change career and retrain as a Salesforce Consultant were she was earning £5k ($10k) a month working part time remotely. She felt that if she could do it then others could do to and she launched Supermums to spread the word about career opportunities for parents in Nov 2016. Fast forward to now she has helped over 1300 upskill and retrain across 10 different countries.

Helping parents learn in-demand skills

The highest-paid careers are aligned with the most in-demand skills that employers want right now and where talent shortages exist. These opportunities lie predominantly within the technology industry where the digital skills gap is accelerating. Salesforce alone estimate that they will create 9.3m jobs globally by 2026 globally.
LinkedIn highlights the following in-demand skills:

• Cloud computing
• Business analysis
• Emotional intelligence
• A.I. / Artificial intelligence
• Data Analytics ‌

At Supermums we teach these in-demand skills

We help people to launch a career working with Salesforce CRM, the global no 1 Cloud Computing Solution. It is a great example of an eco-system that requires all of these in-demand skills listed above. Working within the Salesforce sector you can choose to work in a range of jobs roles an there is probably one to suit you.

To work in these areas you:

Don’t need:

• a background in tech
• to spend years getting trained up
• to work in a technical role, there are lots of other roles.

Do need:

• A desire to learn
• Technology at home
• Business acumen

Are you looking for a higher paying career?

Are you looking for a financial stability?

Then explore Salesforce as a career choice! You have nothing to loose.

To find out more..

• Download our free Career Plan to learn more
• Book in a free Career Consultation with our team to discuss how you can transfer your skills and experience.