When we’re younger, most of us can’t wait to retire. Why else would we call them our golden years? But for many retirees, the reality doesn’t live up to the hype. For some, there isn’t enough “gold” to live the lifestyle they want. Others took a great deal of satisfaction from working. Still others miss the camaraderie of coworkers, or the feeling of contributing to society or their community. In this post, we discuss seven ways to earn money after retirement.
1. Pursue Your Dream Career
For many, their first career was chiefly about paying the bills. Hopefully you had work you enjoyed, or that you felt proud of. But for most, it was still just a job.
The main reason for that is that many “dream” jobs don’t pay that well. And if you had kids to raise and bills to pay, you might have put those dreams on hold. Now that you’re retired, though, this could be the perfect time to chase those dreams.
Not sure if you have what it takes? Colleges and universities in every state offer free and/or steeply discounted college classes for seniors. A couple of classes could also reveal whether your dream job would be all you imagined – or your worst nightmare.
2. Provide a Service
People who are still growing their careers or raising kids – or both – are often so busy, they’d gladly pay someone else to provide a variety of services. That someone could be you! Starting a service business is about as lowkey as it gets. There’s no real startup costs, you can set your own hours, and the amount of work you take on is completely up to you.
Popular services include:
- Cleaning homes
- Dog walker or sitter
- Event planning
- Landscaping and lawncare
- Shopping and/or running personal errands
Advertising your business is as simple as joining a community board on a site like Nextdoor or Facebook, placing an ad in your community paper, or posting flyers at local businesses, churches, libraries, and community centers.
3. Turn Your Hobby into Money
Do you like to knit or crochet? Sew? Make jewelry? Paint? Do woodworking? Build bookshelves? Restore old furniture? Fix up old cars? Collect stamps, classic toys, or vintage comic books?
Like starting your own service business, making money off of your hobbies is simple and has little to no startup costs. You can start an Etsy business, launch your own website, sell on eBay or Amazon, grab a booth at a local craft fair – or all of the above.
4. Work as a Freelance
In addition to bringing you quality content like this, the Internet has created a huge world of opportunity for freelance workers.
Speaking of “quality content,” do you like to write? If you know a lot about a subject and are a good writer, you can make money writing web content. After all, the content you read online has to come from somewhere.
There’s also photography, drafting work, research. Basically, if you can do it on a computer, there’s someone, somewhere, willing to pay you for it.
5. Get a Part-Time Job
There are loads of part-time work opportunities out there. In addition to the ones you likely already know – cashier, office work – lots of companies now hire people to provide customer service from home.
A word of caution about remote, work-from-home jobs: There are loads of scams out there. If an opportunity seems too good to be true, it probably is. Before accepting any job, spend at least a few minutes researching the company online. Often, just typing the company’s name into Google is enough to ring those alarm bells. But even if nothing comes up immediately, check with:
Those are good places to start if a simple Google search reveals nothing. And always beware of any company that wants you to pay them.
6. Become a Temp
If you have even rudimentary office skills, one easy way to earn money after retirement is through temping. The process is simple:
- Go to your local temp agency
- Complete an application
- Take any skills tests required
- Start working
The great thing about temping is that you don’t have to stay at a job you hate. Is the boss a jerk? Just call the agency and tell them they need to find someone else. Can’t work next week because you signed up for that lady’s golf tournament? No problem; just let your agency know.
Temping is also a great way to keep your skills up-to-date or learn new ones if that’s something you’d like to do. And if you do decide to go back to work full-time, temping helps you weed out the nightmare jobs to find something you truly enjoy.
7. Rent Out a Room in Your Home
If you have an extra room, guest house, finished basement or attic, or even a garage, you can earn extra money by renting out that space. Just invest in a background check and talk to an attorney before signing a rental agreement.
More Ways to Add Gold to Your Golden Years
This isn’t the first time we’ve talked about earning money after retirement. For more ways to add gold to your golden years, read Retirement Income 911.
And to make sure you aren’t spending too much for your Medicare plan, call us toll-free at 855-350-8101 to talk to one of our licensed agents. You can also compare plan options yourself with our online tool.