What to do to make money in retirement, 6 Fun Ways To Make Money During Retirement | AAG
Make sure the line of work is compatible with your level of strength and fitness -- dog walking requires strength and stamina, and grooming sometimes requires heavy lifting. Other duties related to animal caretaking may be feeding, watering, inspecting, cleaning cat litter box, cage or kennelbathing or giving medicine. To market yourself, you can post flyers with your information at local pet stores and animal hospitals, and there are plenty of pet-care job marketplaces where you can create your profile, such as RoverPetSitterFetch!
A part-time tour guide position will allow you to share your knowledge with others and interact with locals and tourists. You can apply to various places for tour guide work, such as local museums and historical monuments.
You can also research private tour companies in your city. Those who live in big cities heavy interesting about options tourism or vacation destinations can rent out their housesextra rooms or guest houses to travelers on Airbnb or a vacation rental site such as HomeAway.
They use the rent they receive to pay their mortgage for the whole summer, if they have one, or use the income automatic earnings on the Internet help supplement their retirement.
If you have a much-coveted garage or additional storage space in your apartment, you can use the apps Roost and Spacer to rent out storage space.
The money you can make from renting out space varies, depending on where you live and the demand in your community.
Car sharing websites, such as GetaroundHyreCar and Turomake it easy. These companies have different provisions, but Getaround will actually rent out your car, clean it and take care of it. Do some research on whether there is demand for storage, parking and rooms in your area.
Retirement Hobbies That Make Money
Market researcher and tester Image credit: Westend61 Getty Images If you're retired and looking for ways to make easy money in front of your computer, participating in focus groups and surveys may be a good option. Companies will pay you for your opinion and feedback, although the requirements and pay for the work really varies.
Retirement once was built on the three-legged stool of Social Security, personal savings, and company pensions. But pensions, we all know have basically vanished, and these black swans keep undermining our personal savings. This means if we want to shore up the stability of our retirement finances, we need to bolt a new leg onto the stool. And that new leg is our ability in the technology age to exploit the gig economy to our own benefit.
Focus groups can pay up to a few hundred dollars for a few hours of your time, while surveys tend to take up less time and pay less. Some companies you can check out for this type of work are UserTesting. Become a mystery shopper: You get paid to secretly visit stores and report back your experience. The average U. Join a research study or focus group: Companies will pay you to sit in groups and answer consumer questions.
This can take from an hour to all day. The pay varies.
6 Fun Ways To Make Money During Retirement | AAG
You have the experience, the maturity and the know-how, so register at a temp agency in your city for short-term projects, seasonal work or filling in for employees who are on vacation or maternity leave.
The work is mostly seasonal, depending on where you live. You can work for private clients or at botanical gardens or community garden programs, but the point is if you already have a green thumb and desire to work with plants, then this may be a perfect post-retirement job for you.
You can research the average rate in your area. To kick off your job search, try searching online babysitting job marketplaces, such as Care. So, even if you think you don't know anything worth teaching, you might be pleasantly surprised. To get started on teaching opportunities, check out your local community colleges, extension school or school for continuing education.
Also, you can take your teaching online to make some side cash.
Write a Book
Create a class in your area of expertise e. This would require considerable work in the front end: recording video lectures, creating a class syllabus and coming up with assignments. However, once the work is done, you simply have to post your class and get a percentage of the sales. Some online learning platforms to consider are Zeqr, Skillshare and Uscreen. Pay models vary, but typically you get a percentage of the sales combined with royalties calculated by minutes of your videos watched.
You could do it the old-fashioned way -- by holding a garage sale or taking your clothing and handbags to local consignment stores or second-hand shops.
Books can be sold at a used bookstore. You can even sell your extra car to the local car dealership. However, you may be able to earn more if you go online to sell your possessions. Two general marketplaces are eBay and Craigslist. You can also go on Facebook and look for buying and selling marketplaces in your local area or try the Letgo app for buying and selling used items.
Or if you have technology such as smartphones, cameras, computers you want to offload, try selling them to a platform such as Decluttr. Online consignment offers introverts a great opportunity to make money through a completely virtual process.
You will need a computer and a digital camera to take photos of your clothing. The rest is easy. Or you can tutor online.
Virtual tutoring is a good way to work from the comfort of your own home. Virtual tutors use FaceTime, Skype, Google Hangouts and other technologies to communicate with students. Many tutoring companies offer convenient online training modules. Do a quick online search of tutoring wages in your area to manage your what to do to make money in retirement and set your price. Tutors in math all grades, as well as the math used on the SAT and ACT are always in high demandalong with physical science subjects physics, chemistry, earth science and English critical reading and reading comprehension for test takingwriting essays and ESL grammar, test preparation and English for Specific Purposes, e.
Check out the tutoring companies and marketplaces, including WyzantTutorRevolution Prep and Course Heroto get started.
Create “How To” Videos
Another growing opportunity lies in teaching English to students abroad in countries such as China. You can get paid to help lawyers prepare for real cases by joining an online mock jury.
And that is especially true in retirement.
You may be asked to listen to audio, view video presentations, read material and answer questions. You can register on some websites that connect mock jurors with legal professionals looking for mock jurors who fit your criteria and locale.
The screening process varies from company to company. Why not capitalize on that and take on project-based consulting work? First, determine your area of expertise -- it may be in multiple areas, but some common areas rich with independent consultant work include business development, marketing strategy, market research, talent sourcing and project management.
Start with your current contacts and feel out whether they could use your guiding hand on projects or know of anyone who may. Gone are the days of bake sales, although you can check out local farmers markets to see what the requirements are to get a stand or part of a what to do to make money in retirement or sell to a local coffee shop or cafe.
There are also websites that match people who love to cook with locals and tourists who are looking for home-cooked meals, such as EatwithFeastlyEat With a Local and Cookapp. Rent a Grandma matches people looking for a nurturing and mature woman for home care services, including cooking. Also, the job can provide pocket money and a fun reason to get out of the house.
David Kindness is an accounting, tax and finance expert. He has helped individuals and companies worth tens of millions achieve greater financial success. While many people envision retirement as a time when you stop making money, start spending your savingsand relax, it can also be a time to increase your wealth.
To get started, you can search for open assignments on the Mystery Shopper Providers Association website and also search on general job sites, including GlassdoorFlexJobs and Monster. Also, beware of scams.
This is an extremely detail-oriented job for people who have an affinity for the English language and a high standard of accuracy. Often, copy editors and proofreaders are expected to abide by certain writing style guides -- the AP Stylebook or The Chicago Manual of Style are the go-to standards.
Sell Your Photos
The hourly wage for a web copy editor in the U. The median annual salary in the U. The industries you can work in as a copy editor or proofreader are varied: from print magazines to financial institution reports to web copy to nonprofit newsletters.
However, academic and medical written material tend to follow different guidelines, such as the AMA Manual of Style. You can fine-tune your copyediting and proofreading skills by taking an online copyediting course for certification at recognized online organizations, such as the American Society for EditingMediabistro or Poytner.
Create a profile on these sites. Typically, you can either apply for jobs available or your profile may attract potential clients. Keep in mind, some places may ask you to take a short copyediting test to assess your skills.