Thousands of people are turning 65 every month, but far too many of them are learning too late that they are financially unprepared for retirement.
As the cost of living continues to increase, the costs attached to retirement have gone up. Unfortunately for many of their pensions were not set up to account for these changes, and they find that cost of living in retirement is much higher than expected.
Unless they have helped friends or parents deal with these costs in the past, this comes as a shock to many people. Without realizing it, they’ve suddenly been left with a severe shortfall in the retirement savings.
We field questions all the time about different methods that can help you earn an additional income in retirement. Telling people is straightforward, only taking action but creating change in your life. There are many part-time gigs that seniors can either do from home or with local businesses to supplement their retirement income.
Remember that it takes courage to change one’s life and distance and perseverance, but with a little online research and help from family and even Facebook friends, really quickly see that there are many ways to earn money in your retirement. We’ve asked some experts in the field for advice, and in no specific order, they have given us 25 creative ways for you to supplement your retirement income.
1.Do Some Temping
Many retired professionals still have skills that businesses value. Talk to a local temping agency to see if there are staffing shortages in your expertise field. I know hundreds of people who already had part-time jobs within a few weeks of retirement. This helped them deal with any additional financial burden and also the risk of boredom coming home every day.
By partnering with a professional staffing agency, they can quickly find assignments for you to shoot your schedule. Whether you end up feeling for people who are on vacation or you find a business that needs you for a short-term assignment, either of these will provide you with an extra income to deal with meeting your financial goals comfortably.
2.Start a Dog Walking Business
If you don’t fancy getting back into the hustle and bustle of an everyday job, you can easily find fun ways to make money. Many retirees have started dog walking businesses, which allows them to spend time with animals that they love while getting much-needed fresh air and exercise. No matter how odd it may seem, dog walking a great way to earn money.
It allows you to tackle another fear that arises in retirement: your overall physical and mental health. A dog walking business can be started by simply posting a local Facebook group to sign in your local community center or supermarket.
3.Pet Sitters Are in High Demand
If you want to add to your dog walking business, you can also become a pet sitter who will allow you to earn an extra few bucks on top. Pet sitting will pay higher than standard dog walking; you can either welcome a few furry friends into your own home or spend the night or two and someone else’s house.
Adopting the mindset that If you do nothing different tomorrow than you did today, nothing will change helps people make the changes they need in their lives.
4. House Sitting Might Suit
If you’re not a fan of pets, not to worry, house sitting can quickly become a nice source of additional incoming retirement. All you have to do is take care of the home, maybe feed the goldfish water the plants bring in the mail, and ensure that the house is safe. Many clients spend the last amounts of time away from their homes and are happy to pay for the knowledge that it’s safe in the hands of someone that they can trust.
5. Become a Party Planner
Party planning is a career for younger people; however, if you consider yourself an entertainer, there are many different companies whose employee party planners are even greeters. You could even try working with a company such as Avon Mary Kay, your license.
6.Put Your Baking or Hugging Skills to the Test
This may seem strange to some people, but everybody needs a hug now and then. So something smart entrepreneurs have taken this idea and turned it into a retirement income. Set up a booth and give people hugs for small donations; you could start at your local church big sale and work your way up to local health fairs; many of these will allow you to set up your boots for free and just split the profits.
Many younger people live far away from their families, and the thoughts of hugging a grandpa or Grandma are worth every cent. Also, hugging is great for maintaining your physical and mental health. Considering how the world has changed so much, these hugs will become a precious commodity.
Trust me when I tell you that if you set up a Facebook page, you’ll be surprised with the responses you’re going to get. More than anything else, this suggestion to get you thinking.
7.Set up a Water Station
If you live near a popular running, cycling, or walking trail, setting up a stand so cool bottled water to people passing by is an excellent way to earn an additional income in your local park or by your local trail on a hot day. Buy your water at your local Costco’s in bulk. I need to make a significant profit on each bottle.
8.Start Writing for Others
The amount of businesses that pay good money for people to create content for their magazines and websites is growing annually. If you’ve always enjoyed writing and reading, why not try your hands at getting paid to write? Focus on a niche that you understand, such as coping with retirement. A site such as Upwork regularly post writing games, and you’ll quickly find that once you narrow your niche publish a few articles, customers will come knocking.
9.Work in Your Local Library
Not dissimilar to the job listed above, some local libraries are always looking for part-time staff, especially ones who have a passion for reading and extensive knowledge of books. The workload is usually light, and the hours are pretty reasonable.
10. Look at Fiverr
After 30 or 40 years, thank you for your employment. It would surprise you with the list of skills you have that other people will pay for. Fiverr is one of the largest freelancing services marketplace online; here, you can sell services for whatever price you want.
If you have a human resources background, you can help people create resumes. If you work in sales for years, you can work as a sales coach jobs start from as little as five dollars(thus the name), and I really have no upward limits depending on what people will pay for the service calories include lifestyle fun business teaching programming music and audio writing digital marketing design and graphics.
Even if you think you have nothing to offer, a quick scan of the posts that you’ll find on Fiverr every week will reveal this is not the case. Get creative what you’re thinking cap on and consider that people sell services such as I will take a pie in my face just for fun(a service which 29 people have paid $5 for to date)
11. If You are Creative, Check out Etsy
If creating scrapbooks or home decorations is your thing, there’s an amazing marketplace called Etsy, which allows you to set up your own online store and sell anything from crafty items to handmade or vintage memorabilia. Etsy had a turnover of 2.8 billion spread among 30 million buyers on this market is only continuing to roll.
12.Write Greeting Cards
So many people love the idea of sending out Christmas cards; however, they need to have the time or the talent needed to handwrite them if you have time on your hands and have excellent penmanship offer to write people’s Christmas cards for them and even mail and address them for an additional fee.
13.Do Some Holiday Temping
If handwriting isn’t your thing, most major retailers worldwide look to hire seasonal staff, which will not change. So if you want to earn an extra couple of dollars in the run-up to Christmas, get a part-time seasonal job. Once you secure, it does every chance that this retailer will rehire you the next season.
If you think your age will put retailers off, think again most are fully aware of the fact that you will be dependable, reliable, and need little or no supervision or training. You come with 30 or 40 years of experience and the wisdom and knowledge that can easily apply to various industries. The only negative seasonal part-time work is it only lasts for 1 to 2 months, so you may need to find something else in the meantime.
14.Human Billboards are in Demand
A new company called nomad technologies is paying people to attach tablets to their backpacks play different messages and advertisements in densely populated areas. All you have to do are walking around as a human being born for a few hours every day.
15.Your Body is in Demand
Certain parts of your body are still in high demand, and I’m not talking about a lung or a kidney. Will send out a significant amount of cash for donations, and this is something you can do regularly before you get your haircut. If you kept it while maintained, wigmakers would pay a pretty penny for it.
If you find yourself with a large home designed to raise a family but now it’s full of space, there are websites such as Airbnb and home away, which will let you rent rooms or even the entire house. This can quickly become a significant side income, especially if you are in a popular location where traditional accommodation prices are high.
17.Taking in a Tenant(s)
Not similar to the concept above, but if you have a large home converting it into smaller Apartments and keeping one for yourself can quickly become an excellent way to earn an additional income in your retirement. These tenants offer you a level of security. Putting in a separate entrance and working with a trusted contractor will mean that name won’t even have to disturb you as they come and go. The only have to worry about is some basic maintenance and connectives.
18.Rent Unused Garage Space
In many parts of the world storage space that are premium if you have an empty driveway or garage or you can store extra vehicles RVs or even bolts many people in your area who live in apartments that are constantly looking for the additional space needed to store these items as they may not use them more than a half a dozen times a year
While teaching online may be a stretch for some retirees, it’s not impossible, and you can make a significant side income by teaching English. If technology is beyond you, many schools in your area have a severe shortage of qualified educators to the stage where you don’t even need a teaching certificate.
Talk to your local school district to see what the requirements are, and you could quickly find yourself with many subbing assignments. If teaching itself is something you don’t want to commit to, you couldn’t consider just applying for a teacher’s aide position, or you’ll have to help with the general control of the classroom setting up equipment, and grading papers.
20.Many Business People Need Virtual Assistants
If you have some basic tech administrative and secretarial skills and a second language, you could easily become a virtual assistant for business people worldwide. Whether for a short- or long-term project, if you have the research and data entry schools needed, you can make a nice income working with VA services such as priority VA.
21.Secret shopping is a lot of fun
My grandmother does this, and she absolutely knows every second a few years back. While I was in college, one of my friends suggested we do some mystery shopping over the weekend. I didn’t really have an obvious idea what she was talking about.
However, after a visit to McDonald’s that took about 15 to 20 minutes, we got two free meals and 10 dollars each, and I got a pocket for a student who is surviving on ramen noodles that was an outstanding gig. as the income derived from retirees is becoming increasingly important to many businesses they’re constantly looking for older secret shoppers you can choose from a variety of different assignments everything from testing cars to shopping in Costco’s
22.Put Your Driving Gloves On
With Lyft and Uber, many retirees have taken advantage of the fact that they can work a flexible schedule and earn a steady income besides tips by offering great conversation, small packages, or bottled water on top of an immaculately clean vehicle and a safe, comfortable journey.
23.Get Paid to Explore
Some services, such as roadie.com, will pay you to deliver packages. To sign up as a driver and quickly scan through the variety of different driving games available. You’re only obliged to work on games that suit your needs. For example, if you’ve already planned a trip from Arizona to Michigan, you can see what deliveries are available along the roof, and instead of having to risk delivering people, all you have to do is get the package safely from A to B.
24.Cook for Busy Families #9 Work in you
Many parents these days barely have the time to get to and from work. Never mind cooking a healthy meal for them and their family. If you have the culinary skills, you can provide them with healthy meals daily and make a significant profit while you’re doing it.
You can specialize in the dishes that cater to specific dietary needs that can help you learn an additional income. By talking to local health spa and gym owners and leaving your business cards with them, they will help you by talking to the members and promoting your business.
25.Why Not Become a Personal Assistant
Besides cooking for busy families, you could also offer them additional services such as dog walking and even personal help. Many families really have the time to run basic errands such as picking up groceries, taking their dogs to the green room, or even dropping off dry cleaning. Think of any service you can offer to busy people, and you will find people in your locality will pay for it.
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