In today’s world, there are many retirees who weren’t able to save much for their retirement. These seniors that are struggling to get by need to know how to make money in retirement to add to their Social Security checks that aren’t keeping up with their living expenses.
There are also others who planned well and have a sufficient amount of income, but need an activity or something new to sink their teeth into. Sometimes, new retirees who are so used to working all the time decide they’d like to take on an encore career.
These ideas on how to make money can instead be a way to fill all that free time you have now.
How to Make Money Online
A freelance writer is someone who writes for people or companies that need content. You could potentially write for blogs, newspapers, magazines, and company websites. A great source to find freelance writing jobs is Problogger.
This is a great option for someone who enjoys writing and has a lot to say. You’re able to work whenever you’d like, and you can do it all from the comfort of your own home office.
Sell on Etsy
Etsy is becoming one of the most popular websites for buying and selling products around the world. With that said, there is a lot of competition on the platform. It could be a while before you see any income from your Etsy store.
However, you could market to your friends and family first, and grow your Etsy store from there. The more sales you make, the more likely a stranger will purchase something from you.
Represent an Online Company
One of the most prevalent ways to make money now days is selling a product from a specific company online. You can represent companies such as Mary Kay, Thrive, Plexus, Chloe & Isabel, and so many more.
With these companies, you earn a commission off of the products that you sell. Companies like these that hire everyday people to advertise and sell their product also offer rewards for top sellers. If you were to truly commit and become a top seller, you could earn rewards like trips, cars, and even cash bonuses.
Tutor Via Webcam
Later, we will talk about tutoring in person, but if you would rather stay home and tutor, this is a way you could. There are many kids today that are struggling with their schoolwork. Many kids think going to tutoring will look “uncool” to their friends, so they simply don’t go. More kids would be willing to do tutoring at home by themselves rather than at school.
If you have a certain school subject that you are particularly skilled in, tutor students. This is a nice way to help grow today’s youth without having to leave your home. You can use KooCam to tutor via webcam.
How to Make Money from Home
Host a Garage Sale
The older we get, the more clutter we seem to accumulate. Go through it. Weed out the items that are simply unnecessary to keep and add them to your “garage sale” pile.
Once you have a substantial pile of items, host a garage sale to make some extra money. Depending on your items and how many visitors you have, you could make a chunk of change in just a weekend.
Then, do it again when you have a new selection of items to sell.
Become a Pet Sitter
There are many ways someone can be a pet sitter today. You can have the pets brought to your house each morning and you pet-sit them in your own home, or you could visit the owner’s house during the day to check on them or play fetch for a few minutes. Some petsitters also take on multi-day gigs when they watch a person’s pet when the owner goes out of town.
Musical Instrument Tutor
Do you know how to play the piano? Or maybe you enjoy the saxophone. No matter the instrument, this is a way you could tutor in person.
Invite students to come to your home, or you can meet them at theirs. This is a great way to earn some cash while continuing to take part in your favorite hobby.
Maybe music isn’t your thing. Maybe you have a skill in the kitchen and know how to make tons of fabulous dishes. Take advantage of that special skill and teach people the way around their kitchen.
If you’d like to venture outside of your home, you can go to theirs and teach. However, if you’d rather teach from your own kitchen, you can do this via webcam as well.
How to Make Money Outside of Your Home
Become a Substitute Teacher
If you’re looking for a more stable job in retirement and live near a school, you could become a substitute teacher. Substitute teaching is a great way to get out of the house for a while and get some human interaction.
Drive for Uber or Lyft
Do you enjoy driving? Many retirees drive for a modern-day taxi service. You’re able to work when you want and where you want.
To grow your check, add a little flare to your service. You can offer your riders water, snacks, and their choice of music for the trip.
Drive for Favor or Door Dash
If you don’t like strangers in your car, but wouldn’t mind driving around, become a driver for a company like Favor or Door Dash. Drivers for these companies pick up food and other types of orders for their clients. The client will place an order on the website, and then you can run to pick it up and then deliver it to the client.
Do you have a knack for gardening? Start a gardening service. This could be a versatile service. You could either teach people how to begin and maintain a garden or you could simply create their garden for them. You could also have people hire you to just maintain their garden.
Be the Neighborhood’s Dog Walker
If you’d like a job that allows you to get a little exercise in, become the neighborhood’s dog walker. You could offer your time once a day, or even multiple times a day. A great company to work with for this part-time job is Wag! Either way, it’s a fun activity you could add to your daily routine.
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Leave a comment below with either your favorite money maker from this list, or an idea we could add to the list!