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Once upon a time, retiring meant hanging up the proverbial boots and saying goodbye to working. Today many Americans are redefining retirement by choosing to work after the age of 65. If you’re looking for a way to join them and make extra money in retirement, read on!
If you’ve just retired, it’s time to pop a bottle of champagne, celebrate your achievements and say goodbye to working in the traditional sense. You’ve earned it. Then you might consider that retirement is a great opportunity to earn extra money on your terms while staying active and social. Whether it’s to supplement your pension and Social Security or simply to monetize a hobby or skill you’ve always wanted to try, there are many achievable ways to earn a decent income after you retire.
Oh, and if you’re worried about your Social Security benefits being affected by extra income after retirement, don’t be. When you reach full retirement age, your benefits won’t be affected by your earnings[1]. Your additional income will be taxable. If you’re not sure how additional earnings would affect your tax status, consult a tax professional to ensure that there are no surprises when tax season comes around.
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This is an ideal strategy for younger retirees or those who want to use their extra money to build a nice nest egg for their children or grandchildren.
Learning how to invest wisely can be one of the best ways to earn extra income leading up to retirement and well after. I’m not talking about the get-rich-quick schemes you see on YouTube. The key is to start as early as possible and invest in something modest and safe like Index Funds or ETFs.
Make sure you do your research if you plan to start investing after retirement. Having a diversified portfolio and keen eye for risk is key to being successful and protecting your assets. Market volatility is not the only thing you should protect your assets from. Learning how to spot and avoid investment fraud is crucial, especially since seniors are often targeted by fraudsters.
💵 Earning Potential:
That depends on how much you can afford to invest and for how many years you’ve been doing it. Just to give you an idea, according to CNBC’s calculations, if you invested $500 monthly at a 4% rate of return in the last 10 years, you’d have over $73,000 now and over $91,000 if that rate was doubled[2].
Letting strangers into your home is one of the most profitable ways to earn extra money in retirement. You can make a solid income by safely renting out your home using platforms like Airbnb and VRBO.
If you have a newly renovated basement, a cottage you rarely use, or you go on vacation for a month, you have prime real estate! Instead of leaving your unused property vacant, you can rent it out and make a profitable side income. One retired host rents out her New Orleans home to travelers and makes enough money to support herself and supplement her Social Security.
Make passive income renting unused space. Turn your garage, shed, driveway, attic, closet, or any storage space into cash. List Your Space →
💵 Earning Potential:
In a recent analysis of tens of thousands of loan applicants, loan provider Earnest reported that Airbnb hosts make an average income of $924/month[3]. It’s a realistic and achievable way to earn extra income in retirement. And take it from a frequent Airbnb user: a clean, nicely decorated space will get you top dollar.
Thanks to high-speed internet and Covid-19, virtual learning has become the way of the future.
If you enjoy teaching, this is something worth considering after you retire. One of the most popular ways you can do this is by teaching English online. Many websites will require you to have a Bachelor’s degree and an ESL certificate will increase your chances of landing a higher-paying teaching job. Previous teaching experience is a plus but it’s not mandatory. If you’re interested in tutoring, you can sign up on websites like VIPKid or Preply and find flexible tutoring opportunities that fit your skillset. It’s a great way to make extra money in retirement without having to leave your home!
📘 Interested in teaching English with VIPKid? Teacher Michael shares everything you need to know to start teaching English online: Teaching English With VIPKid: How to Earn Full Time Pay Without Ever Changing Out of Your PJ’s
If you prefer to teach or tutor face to face, you can do this too. Advertise your services or respond to job postings on websites like Indeed or Monster. Tutoring children of friends, neighbors, or relatives can give you a start, and word of mouth can bring in new clients.
💵 Earning Potential:
Online English teacher Shannon Fernandez compiled a list of the top online teaching companies[4] to work for and according to their average pay, you can expect to earn anywhere from $15–$26/hour. Similarly, Chegg reports a starting salary of $20/hour, with tutors earning over $1000/month.
If you have a skill you’d like to monetize in retirement, now is the time. An estimated 57 million Americans worked as freelancers in 2019, with skilled freelancers making more than 70% of the “traditional” American workforce[5]. Better yet, 29% of those workers are baby boomers[6]!
Some of the highest paying freelance gigs are copywriting, graphic design, law, marketing, and e-commerce. You can join popular freelance websites Upwork and Fiverr to land clients, or you can independently market your services. Many popular freelance niches have job boards dedicated specifically to that specialty.
These often contain higher-quality postings than the more general work exchange sites.
💵 Earning Potential:
According to the 2019 Freelancing in America Study[7], many freelancers earn around $20/hour, while those doing skilled services earn $28/hour.
Being around animals and staying active are proven to release endorphins that make you happier. You can get paid for doing both those things by signing up to popular websites like Rover and Wag!. Rover is the largest network for pet sitters and walkers. You can easily create an account and offer services like dog walking, pet sitting, drop-in visits, and more. You can set your rates, choose how much you want to work, and pick the type of animals you want to care for.
📘 Dog Sitting With Rover: How I Make $1000 a Month (and How You Can Too)
💵 Earning Potential:
Dog walkers on Rover earn an average of $15–$20 per walk in most areas, while in some metropolitan areas like New York City you can earn even $30 for a walk! If you’re looking to earn more, dog sitting or boarding can get you upwards of $35/night.
Even if you decide to do this as a part-time gig you can make over $600/month.
Selling online can be a steady, easy way to earn some money on the side. You can sell items you already own or things that you make because you want to flex your creative muscles. I’ve made hundreds of dollars by selling old items on Facebook Marketplace and Craigslist. This can be anything (and I mean anything) from furniture, old jewelry, tools, clothes, or even cars. You can join countless “buy and sell” groups in your area on Facebook, list your items, and accept cash (most popular) or a bank transfer.
Retirement is a perfect time to explore your talents and hobbies. If you‘re crafty and enjoy making things like paintings, portraits, or pottery, consider selling them online on websites like Etsy or Shopify. Etsy explains how to set up your shop and reach millions of people that may want to buy your creations.
💵 Earning Potential:
You can potentially make a few hundred a week selling goods you already own, depending on what they are.
The best selling items in my experience are furniture, electronics (check out Decluttr for that), and items that you refurbish. If you’ve got an online store, you can learn what it takes to be successful on Etsy to make a good profit.
📘 Reselling on Poshmark: How I Earned Over $25K in One Year With My Side Hustle
One of the most rewarding ways to earn extra income in retirement is by offering your services to care for children or elders who need assistance. If you’ve had kids or grandchildren of your own (and you’re not tired of it yet) then consider joining websites like Rent A Grandma, UrbanSitter or Sittercity.
If babysitting days are behind you, many of these websites are also looking for people to take care of seniors. One website that solely specializes in caregiving is Seniors Helping Seniors. Just like all the other jobs I’ve listed here, they have a flexible schedule so you can set your own hours.
💵 Earning Potential:
According to Business Insider[8], UrbanSitter nannies earn $11-$16/hour on average and get to keep 100% of their earnings.
Indeed reports that Seniors Helping Seniors have a similar earning potential, with caregivers earning $11/hour, while a caregiver and companion can earn even $23/hour[9].
Do you enjoy speaking to people, or did you have had a client-facing role in your previous career? Working as a customer service representative is another way to make extra money in retirement. You can choose to do it from the comfort of your home, or in a retail environment. Customer service jobs are constantly in demand especially during the holidays, so there are countless opportunities for you. Websites like FlexJobs are a great resource to find and apply for these types of jobs.
But a word of advice from someone who used to work with customers: you must have patience and be empathetic. As long as you keep that in mind, this is a great way to socialize and make extra money.
💵 Earning Potential:
According to Glassdoor, the average hourly salaries for CSR roles in the United States range from $9–$17.
The average yearly base pay is $27,834.
Temping is a genuinely great way to make extra money in retirement. It’s flexible, you can try new things, and you can choose between jobs that are more or less physically demanding. Some examples of common temping jobs include secretary, administrative assistant, and sales. You can join a temp agency or look for opportunities yourself on job boards like FlexJobs or websites specifically helping seniors find work like RetiredBrains or Seniors4Hire.
💵 Earning Potential:
This depends on the job you choose. Most start at a minimum of $15/hour and many can be done from the comfort of your home.
You may see articles online about things like doing surveys, transcribing videos, or writing an e-book to earn extra income. You can make some money from those activities, but most either pay below minimum wage or are not a realistic source of stable income. So when you decide to supplement your retirement nest egg choose wisely, because your time is valuable.
Don’t be discouraged if the first method you try isn’t the right one for you. There are many ways to make extra money in retirement, and you’ll find the one that fits!
📘 Read more about how to start making extra income: Extra Income Ideas
Just because you’re retired doesn’t mean you want to abandon work completely. Your reasons for wanting to work may be to supplement your retirement income or because working enhances your life socially or emotionally. On the employer side, seniors can offer a deep reserve of perspective, emotional intelligence, skills and contacts -- all things that retirees can emphasize when looking for a job.
If you’re a senior, you can check out job sites explicitly for older job seekers, such as Workforce50.com, Retired Brains, Seniors4Hire, YourEncore (for older scientists, engineers and product developers) and RetireeWorkforce.
Check out these 17 part-time and freelance job suggestions that may suit the retiree who may not want to get entangled in a full-time office job.
Related: 21 Low-Cost Ways to Make Money from Home
Roberto Westbrook | Getty Images
Retirees can make extra money indulging in their love for animals and pet care, whether it’s dog walking, grooming or pet sitting when owners go on vacation or travel for work. 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.
Other duties related to animal caretaking may be feeding, watering, inspecting, cleaning (cat litter box, cage or kennel), bathing or giving medicine. If you’ve had any experience with your own pets -- or your children’s -- that counts as experience toward this type of job. Those hiring simply want to see that you’ve got a positive track record, related experience and reliable references. The median wage for animal caretakers is $10.82 an hour.
To market yourself, you can post flyers with your information at local pet stores and animal hospitals, and there are plenty of pet-care job marketplaces where you can create your profile, such as Rover, PetSitter, Fetch! and Care.
com (which offers a range of care services, including senior care and childcare).
Related: 20 Creative Ways for Introverts to Make Money
Bruce Yuanyue Bi | Getty ImagesWhether you already have experience as a tour guide or not, part-time work as a tour guide may be a great fit for art, food, celebrity or history buffs -- or someone who knows a lot about a city’s architecture or history. A part-time tour guide position will allow you to share your knowledge with others and interact with locals and tourists.
If you already have an area of interest or expertise, that’s a good place to start. You can apply to various places for tour guide work, such as local museums and historical monuments. You can also research private tour companies in your city. It’s work that combines a social aspect -- you need to be a bit of a performer -- and intellectual and physical aspects as well. You’re teaching people and have to trek around for the job.
The median rate for a tour guide is $12.
42 an hour, not including tips. Get started on looking for tour guide work on job sites including ZipRecruiter, Indeed, SimplyHired, Monster and Craigslist.
Related: How to Make Money as a Stay-at-Home Mom
Klaus Vedfelt | Getty ImagesRetirees travel a lot, touring the world or seeing their children and friends. Those who live in big cities heavy in tourism or vacation destinations can rent out their houses, extra rooms or guest houses to travelers on Airbnb or a vacation rental site such as HomeAway.
Joseph Carbone, a financial planner at Focus Planning Group based in Bayport, N.Y., said some of his retired clients “rent out their home for the whole summer. They use the rent they receive to pay their mortgage for the whole summer, if they have one, or use the income to help supplement their retirement."
You can make extra income by not only renting out your living space, but also renting out your driveway using sharing platforms such as Rover Parking, JustPark, Parklee, Panda Parking, Pavemint and CurbFlip.
If you have a much-coveted garage or additional storage space in your apartment, you can use the apps Roost and Spacer to rent out storage space. The money you can make from renting out space varies, depending on where you live and the demand in your community. However, according to Spacer, you can make from $2,000 to $4,000 annually renting out your garage for storage.
Renting your car (or cars) while it’s not in use is also an option. Car sharing websites, such as Getaround, HyreCar and Turo, make it easy. These companies have different provisions, but Getaround will actually rent out your car, clean it and take care of it. (They have a $1 million insurance policy.)
Do some research on whether there is demand for storage, parking and rooms in your area. What’s in demand in an urban area, such as a parking space, may not be for a rural area where parking isn’t a problem. However, that doesn’t mean that someone may not want to rent your driveway to stash their boat or RV.
By researching the platforms to see what people are renting out in your area, you’ll get a better idea of how to market your rental spaces.
Related: 15 Ways to Make Quick Cash on the Side
Westend61 | Getty ImagesIf you're retired and looking for ways to make easy money in front of your computer, participating in focus groups and surveys may be a good option. Companies will pay you for your opinion and feedback, although the requirements and pay for the work really varies. Focus groups can pay up to a few hundred dollars for a few hours of your time, while surveys tend to take up less time and pay less.
Related: 18 Low-Cost Ways for Parents to Make Money From Home
You’ll need a computer or smartphone and internet access to get started. Here are a variety of ways for you to participate in market testing and research:
Website tester: You provide feedback on apps and websites for an average of $10 a completed test, which typically takes 10 to 15 minutes.
Some companies you can check out for this type of work are UserTesting.com, Whatusersdo, UserTest, UserFeel, Startuplift and Analysia.
Become a mystery shopper: You get paid to secretly visit stores and report back your experience. The average U.S. wage for a mystery shopper is $14.73 an hour. Find out more through these mystery shopper companies: Mystery Shopper Providers Association, Market Force, Best Mark, Sinclair Customer Metrics and Experience Exchange.
Join a research study or focus group: Companies will pay you to sit in groups and answer consumer questions. This can take from an hour to all day. The pay varies. You can sign up for focus groups at SIS International, Focus Group, Focus Groups, Global Strategy Group and PaidFocusGroups.com.
Fill out online surveys: Register your information for a market research survey site, and you’ll be contacted when there is a survey that fits your demographic.
Here are some survey websites where you can register: MySurvey, MyPoints, Survey Junkie, Pinecone, Survey Spot and Opinion Outpost.
If you’re missing office life or want to make some extra income, temping may be the way to go. You have the experience, the maturity and the know-how, so register at a temp agency in your city for short-term projects, seasonal work or filling in for employees who are on vacation or maternity leave.
Temp work varies, depending on the industry and role you’d be filling in for. If it’s general administrative work, the responsibilities can include word processing, answering the phone, data entry, information organization, filing, copying, book travel, writing an expense report and light research. The average hourly wage seriously varies from location to industry, however the average national yearly salary is $28,782.
Related: 22 Ways for College Students to Make Money on the Side
Westend61 | Getty ImagesGardening is a skill set that many professionals hire out, and if you’re an avid gardener, you can help others maintain or landscape their lawns, trees, gardens and bushes.
As any gardener knows, it’s a pretty physical job so much sure you’re up to snuff.
The work is mostly seasonal, depending on where you live. You can work for private clients or at botanical gardens or community garden programs, but the point is if you already have a green thumb and desire to work with plants, then this may be a perfect post-retirement job for you.
You can search for jobs, such as “part-time gardener,” on job sites that include Indeed, Care, Hortjobs and MyWeekendJobs. The median hourly wage for a gardener is $14.85 an hour.
Related: 5 Ways to Help Your Aging Workforce Embrace Digital Transformation
Adam Hester | Getty ImagesRetirees can make extra money by helping working parents by babysitting. If you’ve already raised children, and have grandchildren, who better to provide temporary childcare for busy parents?
The responsibilities vary, from picking up a child from lessons or school, to helping with homework, making dinner or bathing.
Decide what responsibilities you’re comfortable with. The hourly wage for babysitting and nanny services vary, depending on the responsibilities (such as if you’re asked to tutor and help with homework) and geographical location. The average babysitting rate is $12 per hour. You can research the average rate in your area.
To kick off your job search, try searching online babysitting job marketplaces, such as Care.com, Urbansitter.com and Sittercity.com, which connect childcare and babysitting professionals with jobs. Or you can join Rent a Grandma, a company that “specializes in placing caring women, possessing deep life experience with families as nannies, babysitters, and in-home care providers,” its website reads.
Related: How Older Entrepreneurs Can Turn Age to Their Advantage
Marc Romanelli | Getty ImagesWe all have skills that are valuable, and we can turn some of them into teaching opportunities, especially if you have talents that are now considered DIY or “old school,” such as pickling, carpentry or quilting.
"Skills that used to be considered commonplace might now be in great demand," said Alex Whitehouse, a financial advisor based in Vancouver, Wash. So, even if you think you don't know anything worth teaching, you might be pleasantly surprised.
To get started on teaching opportunities, check out your local community colleges, extension school or school for continuing education. Ask what sort of credentials are needed (some require teaching credentials or a master’s degree) and what classes are in demand, as well as how to submit a proposal for a class.
Also, you can take your teaching online to make some side cash. Create a class in your area of expertise (e.g. personal finance, public speaking or fundraising) on one of the many online learning platforms. This would require considerable work in the front end: recording video lectures, creating a class syllabus and coming up with assignments. However, once the work is done, you simply have to post your class and get a percentage of the sales.
Some online learning platforms to consider are Zeqr, Skillshare and Uscreen. Pay models vary, but typically you get a percentage of the sales combined with royalties calculated by minutes of your videos watched.
Related: Enough About Millennials! You Can Use Influencer Marketing to Target Older Audiences, Too.
Jose Luis Pelaez Inc | Getty ImagesAs a retiree, you have decades-worth of things you have accumulated -- so sell them. You could do it the old-fashioned way -- by holding a garage sale or taking your clothing and handbags to local consignment stores or second-hand shops. Books can be sold at a used bookstore. You can even sell your extra car to the local car dealership.
However, you may be able to earn more if you go online to sell your possessions. Two general marketplaces are eBay and Craigslist. You can also go on Facebook and look for buying and selling marketplaces in your local area or try the Letgo app for buying and selling used items.
Or if you have technology (such as smartphones, cameras, computers) you want to offload, try selling them to a platform such as Decluttr. You simply scan you item’s barcode, see what Decluttr is willing to pay and print out a label for free shipping.
Or if you’re like the majority of us, with way too many clothes, sell them online. Online consignment offers introverts a great opportunity to make money through a completely virtual process. Today there are a number of online platforms -- such as Asos, Bib + Tuck, Poshmark, SnobSwap, The RealReal, Vestiaire Collective, Tradesy and ThredUp -- specifically for selling your unwanted clothing, jewelry and accessories. Make sure to research the sites to see what sort of items they’re looking for -- high-end designer, super vintage or Zara-friendly.
You will need a computer and a digital camera to take photos of your clothing. The rest is easy. Do your research, pick a great user ID or name for your shop, use quality images and vivid descriptions of what you’re selling and if you’re doing the selling (some of these sites are peer-to-peer selling and others sell for you for a cut of the profits), make sure you offer responsive customer service.
It’s hard to say how much you’ll make, but start small. Once you get the hang of it, you’ll be able to start selling for others, too, for a commission.
Related: This New Crop of Entrepreneurs May Surprise You
Hill Street Studios | Getty ImagesIf you’re a retiree with experience tutoring in a subject or test preparation, this is a great way to supplement your income. You can either sign up for a tutoring company that requires you to show up in the office or go to children’s homes, or you can tutor online. The tutoring companies vary in experience requirements, so it’s best to do a search for local tutoring companies hiring in your area and look for jobs in your particular expertise.
Or you can tutor online. Virtual tutoring is a good way to work from the comfort of your own home. Virtual tutors use FaceTime, Skype, Google Hangouts and other technologies to communicate with students.
The majority of tutoring companies require a bachelor’s degree and some sort of demonstration of expertise in a subject through experience or some type of assessment.
Many tutoring companies offer convenient online training modules.
The median hourly wage for a tutor is $17.50 an hour. Do a quick online search of tutoring wages in your area to manage your expectations and set your price.
Tutors in math (all grades, as well as the math used on the SAT and ACT) are always in high demand, along with physical science subjects (physics, chemistry, earth science) and English (critical reading and reading comprehension for test taking), writing (essays) and ESL (grammar, test preparation and English for Specific Purposes, e.g. specific occupations).
You can create a profile for virtual tutoring companies, which will allow you, in most cases, to be contacted by clients, or you can “bid” on clients looking for tutors. Check out the tutoring companies and marketplaces, including Wyzant, Tutor, Revolution Prep and Course Hero, to get started.
Another growing opportunity lies in teaching English to students abroad in countries such as China.
Some English tutoring companies to research are VIPKid, Englishunt, Topic-Time, Twosigmas, Lingoda and Funbulous.
Related: There Are More Older Americans in the Workforce Than Ever Before, Pew Says
Westend61 | Getty ImagesWhile jury duty is a fact of life for every American, as a retiree, you may appreciate it more when you’re not having to take time off of work. You can get paid to help lawyers prepare for real cases by joining an online mock jury. You may be asked to listen to audio, view video presentations, read material and answer questions.
You can register on some websites that connect mock jurors with legal professionals looking for mock jurors who fit your criteria and locale. Beware of any website that asks for money or a fee in return for mock jury cases -- it’s likely a scam. The screening process varies from company to company.
Some companies you can check out to register as a mock juror are eJury, JuryTalk, JuryTest, OnlineVerdict, Resolution Research and Virtual Jury.
You can earn anywhere from $10 to $150 for your time (it varies case to case).
Related: Forget Retirement. Baby Boomers Are Looking to Franchising to Stay Active.
Jose Luis Pelaez Inc | Getty ImagesBy the time you’re retired, you have so much accumulated experience, contacts and expertise. Why not capitalize on that and take on project-based consulting work?
First, determine your area of expertise -- it may be in multiple areas, but some common areas rich with independent consultant work include business development, marketing strategy, market research, talent sourcing and project management. Start with your current contacts and feel out whether they could use your guiding hand on projects or know of anyone who may.
Another way to find work is to join online consultant marketplaces that match projects to consultants, such as Catalant, EXPERT360, Talmix, SpareHire, Flexy, Clarity and Mindbench.
What’s more, "Don't be afraid to charge a premium price for your experience and expertise," recommends Charles Scott, a financial advisor at Pelleton Capital Management in Scottsdale, Ariz.
"Since you're not on anyone's payroll, companies don't have to include all the employee benefits, so you could still look like a bargain to them."
Related: Many Baby Boomers Are Choosing Entrepreneurship Instead of Retiring
Hero Images | Getty ImagesIf you’re a retiree who is also an outstanding cook or baker, you may be able to share your love for the culinary arts with locals and travelers and make some money to boot.
Gone are the days of bake sales, although you can check out local farmers markets to see what the requirements are to get a stand or part of a stand or sell to a local coffee shop or cafe. There are also websites that match people who love to cook with locals and tourists who are looking for home-cooked meals, such as Eatwith, Feastly, Eat With a Local and Cookapp.
Rent a Grandma matches people looking for a nurturing and mature woman for home care services, including cooking.
Related: 10 Secrets to Making Money While You Sleep
Westend61 | Getty ImagesAs a copy editor, you’ll review written material and check for factual accuracy, spelling, grammar and readability.
This is an extremely detail-oriented job for people who have an affinity for the English language and a high standard of accuracy.
Often, copy editors and proofreaders are expected to abide by certain writing style guides -- the AP Stylebook or The Chicago Manual of Style are the go-to standards. The hourly wage for a web copy editor in the U.S. is $29 to $31 an hour. The median annual salary in the U.S. is$46,702.
The industries you can work in as a copy editor or proofreader are varied: from print magazines to financial institution reports to web copy to nonprofit newsletters. If you already possess knowledge in AP or Chicago styles, then you’re better suited for copyediting and proofreading for the media publishing industry as well as many advertising agencies. However, academic and medical written material tend to follow different guidelines, such as the AMA Manual of Style.
The bottom line is, if you’ve already got a solid handle on the basics of grammar rules and punctuation and readability, then learning various styles is a matter of simply purchasing the style guide (or an online subscription to the style guide) and looking up rules.
You can fine-tune your copyediting and proofreading skills by taking an online copyediting course for certification at recognized online organizations, such as the American Society for Editing, Mediabistro or Poytner.
To find work as a freelance copy editor or proofreader, you can check out major job sites including LinkedIn, FlexJobs, Glassdoor, Monster, ZipRecruiter, CareerBuilder and Indeed. You can also research freelance sites, such as FlexJobs, Fiverr, Upwork or Freelancer, Freelanced, PeoplePerHour, FreelanceWritingGigs, Super Copy Editors, Mediabistro and Global. Create a profile on these sites. Typically, you can either apply for jobs available or your profile may attract potential clients. Keep in mind, some places may ask you to take a short copyediting test to assess your skills.
For a further list of freelance writing and editing resources, check out “101 Places to Find Freelance Writing Jobs,” “The 7 Best Freelance Sites to Find Work” and “The 15 Best Freelance Websites to Find Jobs.
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Related: 8 Ways to Save $1 Million Dollars Before You Retire
Hero Images | Getty ImagesMystery shoppers get paid to shop and provide feedback on their experience so companies can know what’s working and where to improve.
Mystery shoppers don’t get paid a lot -- expect minimum wage starting out. However, the longer you’re in it, the more you get paid. Also, the job can provide pocket money and a fun reason to get out of the house. To get started, you can search for open assignments on the Mystery Shopper Providers Association website and also search on general job sites, including Glassdoor, FlexJobs and Monster. Also, beware of scams. If a company is asking for a fee to gain access to mystery shopper jobs, it’s not legitimate.
Related: Want Money? Learn to Answer Objections.
Pawel Libera | Getty ImagesAs a retiree, you can indulge in your dreams of becoming a movie or television star (OK, extra).
It’s not something you may want to do every day, but wearing costumes and rubbing elbows with celebrities once or twice a week could be fun.
It doesn’t pay much, and you typically have to work eight- to 12-hour days with a lot of time spent waiting. You can find this kind of work in your area by checking Craigslist for casting calls, or registering for free with a casting agency. Two of the better-known background casting agencies are Central Casting and Backstage.
Related: 9 Ways to Make Money While on Vacation
Tom Merton | Getty ImagesTranscription work can be ideal for retirees with fast typing skills and who want a job that provides autonomy and control over the work schedule. To transcribe, you need accuracy on top of speed in typing. The average annual salary for a transcriptionist is $24,857. (You generally get paid by how long the audio file is, not how long it takes you to type. That’s why it only pays to become a transcriptionist if you type fast.
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Equipment-wise, you’ll need high quality headphones, a computer and word processing software. You may want to invest in a foot pedal, which allows you to stop, rewind and fast forward the recording quickly. Skills-wise, you’ll have to download media files, so if you don’t have the media or audio player on your computer, you'll need to download what's needed. Along those lines, you also need to be able to convert word processing files into whatever file format the client needs.
When looking for transcription work, emphasize any transcription or word processing experience you’ve had and underscore your knowledge in the aforementioned computer skills.
To get started on your job hunt, do a search of “transcription” or “transcriber” on job sites such as FlexJobs, Glassdoor, Monster, ZipRecruiter, CareerBuilder and Indeed. Or you can register as a freelance transcriber on job marketplace sites such as TranscribeMe, Go Transcript, UpWork and PeoplePerHour.
Related: 8 Ways to Save $1 Million Dollars Before You Retire
Ezra Bailey | Getty Images Retirement is not a reason to refuse additional income.
There are many ways to earn money that are suitable for older people, for example, remote work. It allows you to work according to a convenient schedule and does not limit the level of income. We will tell you how to earn a pensioner without leaving home.
Need help?
Entrust your work to a PhD!
Want to learn more interesting life hacks? Join our telegram channel. A special group with promotions and discounts will help you save. nine0003
The choice of income for pensioners depends on personal preferences: someone will be happy to do needlework and sell finished products, someone will teach children and teenagers. We offer 10 ways to make money on the Internet for pensioners without investments, which will allow you to work at a convenient time and do not require specific skills.
One of the easiest ways to earn money is by filling out surveys for which the user receives a reward. This type of employment does not take much time: usually from 1 to 3 questionnaires come in a week.
And you won’t earn a lot of money on it for the same reason. nine0003
If you still want to try it, we recommend the Questionnaire service: it has been working for a long time and does not cheat with payments.
This lesson is suitable for those who have retained good eyesight and do not experience problems with typing. Such work is also not paid too high, but it is suitable for assiduous people who have a lot of free time.
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An easy way for a pensioner to earn money on the Internet is to complete simple tasks:
First you need to register on a special website, where you can find similar paid tasks. For example, on Yandex.Toloka.
We have already talked in detail about this way of working from home.
It is suitable for those who can decipher handwritten texts and have a high typing speed. The main thing is to choose reliable clients and in no case make an advance payment: usually scammers make such requests, not real employers. nine0003
If you do not want to deal with manuscripts or retype text from pictures and scans, you can try this type of income for pensioners on the Internet as transcribing audio recordings. The principle of searching for such vacancies is the same as with typing - the main thing is not to make any prepayments, but to look for trusted employers with a large number of reviews from performers.
For those who are fluent in words and can create interesting texts, rewriting (retelling someone else's material in your own words) and copywriting (creating original publications) are suitable. Businesses always need such specialists: with their help, companies convey information about themselves, their products and services to customers.
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Orders can be found on popular freelance exchanges:
By the way! For our readers, there is now a 10% discount on any kind of work
and students. This is a great way for a pensioner to earn money at home using their knowledge. We advise you not to try to look for clients on your own, but to register on a special service that can offer a large database of orders. nine0003
The Zaochnik website has been operating in the educational services market for about 20 years and guarantees its authors:
Those older people who know a foreign language well can do translations. Orders can be found on special exchanges (Tranzilla, Perevod01). nine0003
Please note: most often they receive an order for working with technical documentation, which not every philologist can handle.
Those pensioners who, despite their age, know how to work with gadgets, can maintain accounts in social networks. This type of activity does not require much effort, it is enough to understand the principles of the social network and regularly post new posts, as well as answer questions from subscribers.
A good way to earn money as a pensioner is to share your knowledge with those who need it. You can engage in online tutoring (English and mathematics teachers are especially in demand) or provide legal advice.
The hardest thing is to find the first clients, and then they will start recommending you to their friends.
If a pensioner has the talent of a photographer, he can sell his pictures on special services or offer them to the media and various sites. This is a great option how to combine a hobby and additional income.
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Look at examples of work and make sure that we will help you honestly!
Now you know a few ideas on how to make money at home for a pensioner. And if you are still far from retirement, but the defense of a term paper or diploma is inexorably approaching, contact the student service. They will make sure you turn in your work on time and get an excellent grade.
Retirement is an important event in the life of any person. Finally, you can not go to work and completely devote time only to yourself. nine0003
And everything would be fine, but what to do if the money received from the state is sometimes not enough even for the most necessary things? The answer suggests itself: you need to try to choose for yourself an occupation that will bring both joy and good money.
How is earning money in retirement different from a normal 8-hour job? nine0003
The fact that a pensioner can afford the luxury of choosing when and with whom to work. He can meticulously and slowly consider every offer made to him - and boldly refuse everything that he does not like. Photo: Depositphotos
1. Money from the garden (farming). nine0003
This is one of the most familiar and accessible ways of earning money for the older generation. Farm products are very much appreciated by healthy lifestyle adherents (healthy lifestyle) and meat-eaters (vegetarians), because they are full of fresh vitamins and do not contain nitrates.
You have a huge scope for activities: you can grow vegetables or fruits, breed animals, sell dairy products, devote yourself to beekeeping or growing mushrooms. nine0003
It is better if both spouses are passionate about farming: joint work not only brings them together and prolongs life, but also helps to divide work so that everyone can find something to do. Photo: Depositphotos
2. Handmade. nine0003
Behind this buzzword is the opportunity to profitably do what you like - getting a decent reward for it.
Do you like to sew, knit or make something with your own hands? Then do this right now: nine0003
3. Minor household repairs. nine0003
Almost every man of retirement age can make money by doing the work of a “husband for an hour”. Troubleshoot plumbing, hang a shelf, fix a curtain, stick wallpaper - your help will come in handy both in small things and in more complex cases.
Women will also not be left without orders, because many families (especially with children) are looking for those who can shift at least part of the household chores. Photo: Depositphotos
4. Photography.
This is my favorite topic! For example, my VKontakte account has more than 40,000 photos that I took in just a few years.
If you see beauty everywhere and are able to capture a person in such a way that he likes himself, try photography. nine0003
5. Freelancing.
For anyone with a computer and Internet access, the doors of freelancing are wide open - it's a kind of remote work related to the performance of small assignments. nine0003
Check the literacy of writing an article, write an article yourself, leave a review, etc. simple orders are waiting for you on numerous sites for freelancers.
Final recommendation regarding personal finance : to always have enough money, you should learn to "befriend" it.
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Yes, we were not taught this in the Soviet Union, and even banned, promising that communism would come and money would be completely abolished. But since communism has not come, we will have to take care of ourselves financially.
What to do to learn how to live richly: nine0003
1. Read articles on financial literacy (or books on personal finance) every day.
2. Value your money - pay yourself first, and then others. Set aside 10-20% of any amount you receive. Learn how to multiply your money wisely.
3.
