Three ways to maximize your earnings as a remote worker in Latin America
It’s 2022 and everyone’s talking about remote work. It’s here to stay and people are loving it. All around the world, more and more employers are embracing flexible schedules for their remote teams leading to new remote work trends and more remote work options.
Over the last few years, the number of people around the world working remotely has increased significantly and the number keeps growing. According to Forbes, 25% of all professional jobs in North America will be remote by the end of 2022. Just go to Linkedin’s job posting section, add in the ‘’remote’’ filter and you’ll get a good idea of how remote work is getting more and more traction as we speak. Remote work doesn’t come without challenges. Communication, efficiency, productivity, and security are all buzz topics heavily related to the future of work for companies, large and small. But, challenges don’t only apply to hiring companies. Individuals such as remote contractors, independent workers, and freelancers looking to improve both their professional and personal lives are also faced with challenges as they look to earn better salaries and improve their overall financial health.
Remote workers in countries like Mexico, and others in Latin America, looking to maximize their earnings come across a wide range of different financial challenges. If you’re a remote worker, you may have already asked some of these questions yourself. How do I earn more than the low-paid national average for my position? Can I really get a job for an international company without having to move? How do I not only land an attractive job position I love but also enjoy the benefits I need? Most importantly, how do I maximize my earning potential for the skills I bring to the table?
Whether you’re a software engineer, a skilled freelancer, a creative, or someone simply looking to work for an international company (or already working for one), we’ve got good news for you! Here are 3 ways you can start growing your wealth, maximize your earnings and be in control of your financial future as you work remotely.
Find a job at a company hiring remotely
Covid really wreaked havoc around the world, but not everything Covid did or caused was necessarily bad. During these post-pandemic times, hundreds of thousands of companies of all sizes have turned to both hybrid and remote work models. The benefits of this are both reduced costs for companies and, well, happier employees!
Today, it's easier than ever before to find attractive remote job opportunities - even from companies in other countries such as the US, Canada, and Europe. Here, the most important first steps you’ll have to take are updating your resume and making sure it's available in English. Next, make use of international job portals that showcase remote jobs around the world (Doing a simple search on Google will do the trick). Linkedin is another great way to do a job search by filtering out what you’re looking for.
Using Linkedin’s job search options, you can filter out the type of job role you’re looking for, select the ‘’remote’’ filter option, and even choose to add specific companies to your job search ‘’hitlist.’’
Once you find an international, remote job, the chances you’ll be earning above the average salary for your position in your own country is almost certain. For example, many US companies hiring remotely offer attractive salaries (by paying in US dollars) to employees located in countries like Mexico. Although you still won’t be earning the exact same salary that an American would be earning in the US, you will be earning above your own national average which makes it all worth the while.
Open and own a real USD bank account
Another way remote workers in Mexico can maximize their earnings is by opening a real USD bank account. This sounds too good to be true. A few years ago (or maybe even months) this wasn’t possible, but with Fintech just being so awesome, it now is!
No, you don’t have to go to Texas or anywhere else in the States to open your account. And you don’t have to figure out how to do it yourself. There are low-fee options and solutions that help you get your account set up in just a few minutes.
Owning a USD bank account means that your money is safe and protected from harsh currency conversion rates. Plus, you don’t have to worry about your bank thumping you with huge, hidden commissions every time you receive an international payment. This is all possible simply because the dollars you’ll be earning won’t be converted into Mexican pesos, meaning you’ll save much, much more every time you get paid.
Check out Coba’s USD bank account offer here.
Find a career & finance partner you can trust
Going remote and the journey that comes with it is exciting, but it doesn’t come without its headaches, doubts, and concerns. It’s important that you’re on top of all things legal, that you understand what your employment framework looks like (Some people are freelancers and contractors, while others get a full-time job offer), and that you’re aware of how to manage your own taxes.
What about benefits such as health plans and options to invest your money? Most contractors, freelancers, and employees working remotely for international companies don’t always consider the importance of these and the implications of one not having access to them. Remember, a good salary isn’t the only thing you should be looking out for.
The great news is that today, with the rise and triumph of the remote worker, employees of record (EOR’s) and other human resource partners are able to provide some of these solutions, giving the remote worker peace of mind.
The financial stack for the modern remote worker
Whether you’re a seasoned remote worker or just starting out, we want to make sure your experience is one to remember. Everyone deserves to get the most out of their professional careers by maximizing their wealth - remote workers included!
Start out by opening your US Dollar bank account, without even having to leave home. You’ll get your very own card, enjoy easy ATM withdrawals in your local currency, and experience instant, international transfers, without hidden bank fees, for your peace of mind.
Join our waitlist on the next link.
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