Monday, July 22

Living on a Fixed Budget? Earn More With These 6 Retirement Gigs!

So you retired, you are finally done with your 9-to-5 job, and your golden years are waiting for you. It is time to live your best life. But in order to live the life you’ve always dreamed of, you need a few bucks, and if you are living on a fixed budget like most of us do, it can be pretty difficult.

But don’t worry. If you are retired, that doesn’t mean you can’t take a gig that can help you make some extra cash. Actually, there are plenty of options that are waiting for you. This sounds pretty great, right?

But you know what? Many of these side hustles are perfect for seniors because they don’t require physical effort, and you can do most of them online, right from the comfort of your home.

Stay with us and discover the best retirement gigs that can help you earn additional cash.

1. Make YouTube videos

Maybe you are really passionate about a topic and you know everything about it. Did you know that you can actually make real money from your hobbies and passions by using YouTube? And especially now that you are retired, you will have even more time to invest in your passions.

Over the past decade, YouTube has grown at an incredible speed and, at the moment, is the second-largest search engine in the world. Millions of people use the platform every day for entertainment and to stay informed.

You can take advantage of this and start your own YouTube channel. Choose your topic and begin to make videos about it. Your videos can literally be about anything that you want, from how-to and lifestyle to daily vlogs or essay-type videos.

You can start earning money by promoting various services or products and by displaying ads. Oftentimes, you will get free products because the producer wants you to make an honest review of them on your channel.

Also, if you have gained a little bit of notoriety, big companies will be aware of it, and they will probably notice you because you can help their product reach out to more people.

We know that starting something new is hard. If you are really thinking about having your own YouTube channel, this book might be a good place to start.

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Photo by fizkes at Shutterstock

2. Freelance writing

If you feel like you are ready to earn some extra bucks after retirement, you need to know that freelance writing can be one of the most profitable gigs you can make. With the right skill and a sufficient amount of experience, you can make up to $60 per hour!

The best places to find jobs are Freelancer and Upwork. On this website, you can find numerous jobs listed and choose what you think suits you the best. Also, if you want to attract clients, you can have your own blog or website and post articles on it.

The best writing jobs you can start doing are writing articles for various websites or blogs, proofreading documents, and editing texts.

So, if you enjoy writing and find it easy, start doing some freelance writing to earn a little extra money to help you make the most of your golden years.

3. Get into the Airbnb business

It is very easy to become an Airbnb host. All you need is some free space in your home, like a spare room, and the willingness to be nice to your guests. If you have another empty property that you don’t use, it would be the ideal scenario, but most of us don’t have an extra house that we can rent.

The first thing you need to do is sign up for Airbnb. In this step, you will need to post photos of the room, describe the general space, and answer some basic questions about the neighbors.

Make sure that your guest will have a positive experience, and they will probably give you a nice review when they leave. You can even ask them to leave a review on the website’s designated section.

You will need to take care of the room that you are renting and always clean up after every guest. Taking on a responsibility like this one should be pretty accessible during retirement when you have more free time. Also, depending on the location of your home, Airbnb can really help you make extra money.

If you live in a central location or one that is close to some important tourist attractions, you can charge more than the average.

4. Online tutoring

This is one of the most popular gigs that can help you earn some money once you retire. And the whole process is really simple: you need to teach a subject that you are really good at, in your own space, whenever the time is right for you. After that, you get paid for it. This is sounding great, isn’t it?

And you know what the best part of this job is? It doesn’t matter where you live. Since all the tutoring sessions will take place online, you can live in the middle of nowhere as long as you have a decent internet connection. There is no need for you to commute or use public transportation. Everything can be done right from the comfort of your home.

And now let’s get down to the financial nitty-gritty. The online tutor job is actually one of the best-paid side hustles out there. Depending on your skill and experience, you can earn more than $20 per hour. That is actually not that bad when you compare it with other jobs.

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Photo by Anton Romaniuk at Shutterstock

5. Renting various items

The trick behind this business is to buy low and sell high. You need to have some items that are in high demand, rent them, and when you no longer need those items, sell them for profit.

The secret is to have the right item, which is highly needed, in the right place. For example, if you live on the coast in a place where surfing is popular, you can rent surfing equipment. Or if you live in the mountains, you can rent snow sports equipment.

If you want to start a business like this, find out what items make the most sense to rent based on the area where you live and post them on Craigslist or Airbnb.

Being retired gives you plenty of time to do this, and if you are lucky and live in a good area, you can make some good money.

6. Selling printables

Stickers, coloring pages, and posters: these are all things that will be timeless, and people will always buy them. And just by knowing that you can start and make some extra cash during retirement.

It is true that when starting a business like this one, you will need a good computer and an even better printer. But after this initial investment, you will surely get your money back in no time.

Some printables are sold as they are; you buy them and then you can use them however you want. But other printables can be customized, and you will need to add text to them or whatever your client asks you for. For this, you will need some digital photo editing skills but don’t worry too much about it because it is easy to learn and you can find great tutorials online.

The good part is that if you are willing to sell customizable products, you can ask for more money because you made an extra effort to customize them.

Also, printables will always be popular, so a business like this will last for a long time, and it can be a great job for a retiree.

You should also check out: How to Get Rid of Debt in Less Than One Year: 6 Tips

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