3 Areas of Finance Where Paperwork Pays Off

Have you ever noticed that processing paperwork is a high paying skill?  For example, the automobile and home insurance companies all fight for your business.  Once they have it, they will slowly increase costs on you and sneak in fees from any angle they can.  After a few years, you decide to compare rates again.  You might spend five hours switching companies to save $400.  That equates to $80/hr.  My point.  Paperwork is a high paying skill.

What about taxes?  What if you have to write a letter to the IRS and jump on the phone to possibly reverse a fee of $1,500.  If this takes you 15 hours of phone time and research, then you have just made $100/hr.

What is another great area where paperwork pays off?  Funding.  This might include grant work for a business, request for proposals or funding a college education.  Imagine you take two weeks or 80 hours learning a new skill.  This skill is the art of applying for funding.  Imagine that you complete application after application, building up your capability to demonstrate value and win contracts or grants.  After several rejection letters, you finally score some funding.  If the funding amounts to $75,000, you just made close to $937/hr.

Do you have a story where paperwork put a lot of money into your pocket?

This post was reposted from http://finlit.biz/business/3-areas-of-finance-where-paperwork-pays-off/, originally written on February 7th, 2013.