Ways to Make Money in Retirement
All our lives we work hard to Make Money in Retirement. After years of planning and saving we eventually reach a stage in our lives where retirement arrives to enable us all to enjoy life to the full.
Times have and continue to change meaning that more retirees than ever have to earn extra money to retire or even make more money during retirement to make end meet. The demand to find a way to earn more retirement funds are huge but with a little careful thought it can not only be a way to make more money for your retirement years but also a way to enjoy the work at the same time. Careful planning is the key towards securing a prosperous future and the first step should be to seek what pensions and advice is available from your local government.
BeIow is a list highlighting some of the more common ways to create an extra retirement income from your home for you to consider.
1. Bed & Breakfast
You could start a small bed and breakfast facility at your home. It is a great way to earn an extra retirement income and meet lots of new friends. It can however be hard work, expensive in terms of licensing, insurance and day to day operating costs so it is important to ensure that you charge accordingly. The down side is that you could end up becoming a slave in your own home, although if you are a home bird, then this shouldn't be an issue.
2. A Home Handyman
An excellent idea but avoid over doing it. I would recommend that you keep this type of service simple on one that you can do during the hours you choose. It is a great way to socialize and make money during retirement. Offering to carry out the simple DIY jobs most retired people hate or can't do will make you very popular indeed. You can make a little leaflet to advertise your services in the local day care centres, local shops or Post Offices where everyone collects their state pensions. Word will soon spread !
3. Tuition Service
Retired teachers, lecturers, and business training professionals are in big demand nowadays for part time coaching services. With the right skills there are lots of opportunities to teach individuals and local businesses to supplement your retirement plan and make money in retirement. This is becoming very popular can be very rewarding indeed.
If you enjoy a hobby such pottery, flower basket making, painting, dress making, photography then why not put it to good use. Sell the items you make or offer photographic services or even a baby sitting service. Avoid turning it in to full time work otherwise your retirement will end. With a little advertising your services will soon be in big demand and help you earn money during your retirement.
5. Garden Maintenance
Lots of people in retirement love a garden but find it hard to maintain. Gardening can be great fun and very rewarding indeed wwhilst at the same time it can keep you fit. If you enjoy this type of work you can make extra money during your retirement by offering gardening services, whether it is simply to cut people's lawns, a little bit of weeding or even planting flowers, this is a much sort after service.
6. Grocery Shopping and House Cleaning
Not everyone in retirement is active. Many can't even leave their own home due to some disability. Offering a helping hand as a friend is very often worth it's weight in gold. Some people however, are keen to pay for a helping hand to keep a sense of independence. Grocery shopping and general cleaning around the house are just some of the services you can offer. The social side is very rewarding indeed and also helps to keep an eye of the less fortunate and needy.
7. Desktop Publishing
There are lots of services you can offer if you own a computer and are able to carry out some basic computer skills, from letter writing, printing leaflets for local community groups, schools, a local Church and other retirement activity groups. It is also a great way of getting involved in social activities and meeting lots of friends.
8. Start Your Own Online Business
You can make a lot of money if you start an online business whether by selling a product you actually make as a hobby or by selling other peoples products online. It can be great fun and relatively easy to set up. You can earn an extra retirement income by carrying out online surveys for companies or for reviewing products online. All good fun and a great way to earn an extra retirement income.
9. Make Money on eBay
Ebay is a great way to make money in retirement. From selling all of your unwanted gifts to selling items that people are looking for each and every day. It is fairly easy to do once you have opened an account. If you would like to learn the basics you can do so via acquiring a do it all DVD here.
10. Write a Book on Your What You Know
People have lots of knowledge and tips to share with each other so why not write a book on what you know... it may be how to pot plants, paint your house, clean your car to get the best shine or how to make cakes. By making it personal and in a way we all live will make it more appealing. You can then sell it on ebay, in car boot sales and market stalls. Putting your skills to good use can be very rewarding.
11. Helping Local Small Businesses
If you fancy something completely different why not learn how local businesses can double their sales and profits and in trun sell them the same knowledge. Every business is looking to make more money and will jump at the opportunity to be able to do so if asked. You can find out more here on how to get started and can be a huge money spinner.
So What Can you do next to Make Money In Retirement?
Life is never boring unless you make it. Times are tough for some people so every little penny and dime counts to help make ends meet. Retirement should be about enjoying life. Earning an extra income in retirement can help but don't let things get on top of you. There is always a solution to meet every ones needs
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