4 Ways to Make Extra Money from Your Passions After 50 | Sixty and Me

Make money at 50

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. No matter your skill set, no matter what you do now or did in the past, there is an option that will align with your own skills and passions.

Read on as we share how you can make your dreams of making money anywhere come true.

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Stock photography websites are huge repositories of photographs, covering almost every possible subject you could imagine. Photographers from around the world simply upload their images to any one of a number of these huge databases, allowing magazine editors, designers, or practically any organization with a website to buy them. Instructors can monetize their videos by charging a subscription fee or password protecting content for paying customers only.

You also need to know the exact phrases that people search for. Make sure to use the same keywords when you write your video title, description, and tags.

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Once you have a loyal and engaged following, you can start partnering with brands that will pay a fee to have their product mentioned or reviewed. And there are thousands of magazines all over the world that will take them—both in print and online. Finding these publications takes some research starting out, but it pays off big dividends down the road.

Ways to Make Money in Retirement - International Living

Thankfully, the internet has made this process so much easier for writers. These are instructions from the editors to freelance writers. Copywriting is a mega-industry, ripe with opportunity.

But it can be done. Here are seven people who found their fortunes after reaching They tell AARP how they did it — and how you can, too. But her heart was always in the kitchen.

That includes all those countries with a super-low cost-of-living. English teachers are in huge demand! All of that means huge opportunities for English teachers. Teaching English as a foreign language jobs are available in virtually all countries where English is not the first language. A simple microphone, a laptop, and free recording software, plus some low-cost hosting, will get you up and running.

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Assuming you have a laptop, your biggest start-up cost is a good microphone. One episode a week usually works best.

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You should create something a listener can easily consume while commuting to and from work. There are a number of ways to make money from your podcast. The most obvious is through commercial sponsorship, but you can also use it as a platform to advertise your own products or services.

Perhaps you are one yourself. What you might not find in your new overseas home are businesses that showcase art…or studios that have art classes and retreats. Herein lies an opportunity, especially in towns where tourists frequent, and expats live, but which lack museums, galleries, and other opportunities for appreciating art.

You can teach classes or host retreats…there are many possibilities.

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One of the easiest ways to make a profit with coffee—and for coffee lovers to enjoy make money at 50 satisfying and fun endeavor—is to open your own coffee shop. For example, a growing number of tourists and expats in Asia are looking for European- and American-style coffee like espresso, cappuccino, and latte, as well make money at 50 classic American foods and desserts.

Set up a Consignment Store Consignment shop owners face stiff competition in North America, but in many other countries these make money in the financial market of bargain outlets are few and far between.

Setting up a reselling business has many advantages.

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Maybe you want to show friends around your new country or take family members on a trip to your favorite destination. Your tour guiding business can take different forms, from walking tours to excursions. Consider Ecotourism Savvy locals and expats have been cashing in on the tourism industry for years, especially in regard to ecotourism. With an increasing number of folks showing interest in responsible traveling and a desire to learn about the native environment of a place, ecotourism has exploded in popularity.

You might be pleasantly surprised by the level of expat demand for expat services—even if locals also do the job. Health and Wellness Skills Pay Overseas Wellness…fitness…natural healthcare…they have a following all make money at 50 the world.

There are all sorts of ways to run your business.

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You could rent a small room for treatments or buy or lease a location—and invest in equipment—for a gym. You can organize yoga retreats anywhere in the world you choose… or you can be the person who makes your studio available to visiting retreat groups. Sidelines in nutrition, aromatherapy, or consulting can generate additional income. If you want to live in a place where people take vacations—sunny, beach resorts or bustling, tropical cities—getting a slice make money at 50 the rental action could be your ticket to income.

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So what do you need to set up as a wedding planner? Energy and patience are high on the list. But if you love to organize details and enjoy the fuss and frills of a wedding, this could be the perfect opportunity for you in the right destination.

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Training and certification classes are available, primarily online, but the best way to become a wedding planner is through experience. Rent Your Space There are many websites that allow you to monetize your spare room, or whole apartment, advertising it to travelers from around the world.

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But renting your space can be more than just a much-needed extra income boost. It can also be a great way to meet people from all over the world. You just need to keep a few things in mind. It should be close to public transport, historical sites, or offer a great view. You also should decide whether you want to rent out the whole place, or live in it and rent out rooms. Being a live-in host is a full-time job, but if you have the energy and you love looking after people, it can also be great fun.

Try Housesitting If you are considering an overseas move, housesitting is the perfect way to judge whether a culture, region, or country is a good fit for you. There is a housesitting opportunity to fit almost any lifestyle change you may be considering.

The beauty of housesitting is that it is an exchange. You bring the best of yourself, and the experience receives you and pays you back in unimaginable ways. Housesitting assignments are as diverse as the people offering their homes.

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Some are free in exchange for property responsibilities, such as pets and gardens. Some opportunities require payment for utilities.

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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.

Set up a Camp or Retreat With a growing number of vacationers seeking a break focusing on a specific theme or activity, the market for venues hosting retreats, camps, or workshops is on the increase. All sorts of themes are possible…natural healing… team building…painting…dance…weight loss…writing…winetasting…self-improvement…yoga…and so on.

Attendees get to step away from their everyday routine to learn a skill, engage in an interest or treasured hobby, express themselves in a new art form, or improve their life in some way. For those who spend a lot of time outdoors this can be especially concerning. Take surfers. They spend hours in the water in direct sunlight.

But sunscreen is not only for surfers.

Tour guide

Anybody involved in water sports, boating or fishing, or even just spending the day at the beach is a potential customer. The experience of putting it together will tell you whether or not you enjoy it enough to do it for others.

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There are many great online tools out there that make developing beautiful websites a snap without getting too technical. Examples include WordPress, Wibly, and Joomla for web design.

Interpreter services are in more demand in countries where few residents have lived abroad in English-speaking countries or whose language is difficult to learn.

Working as an interpreter in China, for instance, might be more lucrative than in Latin America. Translators are more likely to make a profit in places with more established bilingual communities. These are places where folks are willing to invest in good translation and where a translator can build a clientele.

But many might dismiss it as too much hard work, or too expensive to get started. In the heavily industrialized, heavily regulated U. Or maybe you see yourself overseeing a large acreage of land, churning out big profits. How about a farm that looks after itself, and you only visit on weekends? Instead, when a customer makes an order, you purchase the item from a third party, and they ship it directly to the customer.

Dropshipping eliminates some of the biggest expenses and hassles of doing business online. And it makes getting started in ecommerce possible with a much lower investment.

Hannon says you need to start with a deep dive into your soul: "a solid MRI of your own passion and personality, talents and inner drive to start a business. Why you? And why now? They also say they wish they'd started sooner.

This method can work in conjunction with your own ecommerce website, as well as online selling platforms like eBay or Amazon. You could specialize your facilitator option as salary primarily on visa processing, for example—or you could offer a broad range of catch-all services.

Beer drinkers have increasingly sought out alternatives to mainstream lager beers, and embraced small-batch craft beers—flavorful brews inspired by Old World recipes and experimentation with ingredients. The United States were the first to ride this new wave of craft beer. Then Europe. Now craft beer has made its way to South America, where the scene has exploded in only a few years, with numerous microbreweries popping up in countries like Peru.

Start a Tutoring Service Establishing your own tutoring service can be a lucrative business that provides you with a comfortable and flexible lifestyle. The best part make money at 50 all, you can set up a tutoring business in almost any country in the world. You can start by offering discounts to long-term clients who promote your business to family and friends. Word-of-mouth marketing is still one of the most valuable marketing tools you can have when starting out.

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