I have recently asked this question to the women in our community. Their replies were nothing short of amazing, and they show the levels of creativity remain high during our golden years.
Today, I would like to share 20 creative ways you can make money during retirement, and I genuinely hope you find them helpful.
Writing this article has inspired me to add a few more resources to Sixty and Me, namely a few more interesting ways to make money doing what you love. You’ll find that link here: 6 Ways to Come up with New Business Ideas in Your 60s.
Now, let’s jump into our list.
1. Try Errand Running Services
Sign up for TaskRabbit. TaskRabbit is the website you go to when you have a task to do, but you don’t have the time or the skills to do it, so you hire someone else to do it for you. At TaskRabbit, you can bid on tasks that best fit your skills and experience and start making money that way. For now, the site’s only available in select cities but check online for something in your local area. If anything, TaskRabbit can give you the resources you need to start your own errand service.
2. Become a Yoga Instructor
You’re never too old to start teaching. Besides, I remember meeting some of the best yoga instructors while I was in Bali, and they were all over 50. Everyone has to start somewhere, so why not start now? Who knows where this journey might take you?
3. Consider Dog Boarding
Dog Vacay brings dog owners together with dog lovers who are then hired to watch over their pets while they’re away. If you love dogs, then this is an excellent way for you to make some extra money while you keep the pup company. Though this is an American company, new members are always invited to sign in their own country. You could be the very first to introduce Dog Vacay to your community.
4. Give On-Demand Ride Sharing ago
The internet has made it infinitely easy to collaborate online. Lyft is a website that helps connect car owners with those in need of a ride. With just a smartphone and a car, you can start charging for people as you drive them around your local area. You’re free to take as many passenger requests as you’d like.
5. Look for Expat Jobs
Applying for an overseas sure sounds exciting. It’s a guaranteed way to switch things up a bit. Start by searching for jobs overseas and prepare to be amazed. Job opportunities are waiting for you worldwide. Overnight, you can become a French Tutor or start teaching classes in Hong Kong. Pick a country to find out more.
6. Consider starting your own business
Do you have this great idea for a business but need the money to back it up? Draft a business idea and work out how much you’ll need to make it happen. Then post it on Kickstarter and allow your fans to sponsor you. Once you’ve reached the necessary funds, people can still contribute until the fundraising period is over. Some projects are known to have gone over 2000% above their initial goal. It’s your chance to make it happen on Kickstarter.
7. Be a Movie Extra
Sign up as a movie extra and let your talents shine! Extra work offers from eight to twelve work shifts, a lot of downtimes,s and a chance for you to be up on that silver screen. Productions can take place anywhere. You can find local opportunities by looking up entertainment news outlets or looking up casting calls on Craigslist. You can even register for free with a local casting agency. Just remember, there’s no business like show business.
8. Become a Freelance Teacher
It’s more than just babysitting; it’s also about making a difference. Think of what you can pass on to the younger generations, important values such as philanthropy, social ethics, and spirituality. There is so much you can look into. Start with paid lessons. Your life skills can be turned into something that both kids and their parents will appreciate. Check out Learning to Give for inspiration.
9. Grow Your Own Mushrooms
You can decide to grow mushrooms, especially gourmet mushrooms, and make it turn into a side gig or a full-time enterprise. You’ll find all the necessary information online, along with some networking opportunities. Growing mushrooms could easily become your own profitable urban farming project.
10. Check Out the Senior Job Bank
This website will teach you never to underestimate an over 60’s potential. Here you can connect with employers who are actively seeking more seasoned professionals, as they value the experience and skills you’ve acquired over the years.
11. Teach at a Senior Center
If you have any special talents, be it music, writing, performance, or visual arts, you’re qualified to offer paid lessons on your specialized subject. Fees are usually nominal. You’ll only meet students a couple of times during the week over a limited period. This is more than just an arts and crafts class. This is about real artistic development. Think about the type of skills you would like to share with others.
12. Become a Board Member
Once you’ve reached the top of your profession, climbing up the corporate ladder might be a good next step for you. Boards are mostly composed of retired CEOs along with senior and upper management types. You become part of organizations dedicated to helping successful women attain successful careers.
13. Organizing Relocation Tours
These uncertainties have made retirees all over the world look for more affordable locations. You could easily help ex-pats become a part of your local community by starting your own relocation company. We know of a retiree in Panama named Jackie Lange who has long been in charge of his own relocation company.
14. Teaching Abroad
You can become an English Teacher online at Kukuspeak and offer individual lessons to Chinese students registered on the website. You don’t have a degree or a certificate to get started, merely a strong understanding of the English Language. You can teach at every level and meet people from different cultures at the same time.
15. Become a Team Leader
Next Summer, you could be working with teens at Bold Earth. Though originally based in the US, Bold Earth offers international projects for teens worldwide, from the Amazon Rainforest to the Swiss Alps. Team leaders volunteer their time and expertise to make this transformative journey as exciting as possible.
16. Raise Alpacas
If you’re missing rural life, then this is for you. These fun creatures can lead on an easy yet profitable road to financial success. One woman started her business with just eight alpacas, and in less than 6 months, she had already made more than two years working as a theater practitioner.
Do online research to help you connect with other farmers. You might have the skills to turn that luscious fur into something beautiful that you can sell.
17. Do Translations.
If you’re bilingual, you can put your translating skills to the test. You can try translating for Gengo. You choose the jobs you want and the hours which are most suitable for you. You get paid to your PayPal account. Give it a try.
18. Work from Home
Become a virtual assistant from the comfort of your own home. If you already have office skills, now you can use them to work from your desk at home, whenever and however you want it. Check out WAHM.com for related job opportunities.
19. Try your Hand at Graphic Design
For those with a graphic design background, Creative Overflow has all the money and resources you need. Plus, they give you a trio of websites you can use for inspiration; that’s thirty opportunities you can use to make that extra cash. Here’s a chance for you to start getting paid for all of your great creative skills.
20. Cook, Bake, or Cater
Are you the one with all the best recipes? Maybe you got tired of doing all the cooking, but now you miss it. There are so many ways for you to get creative. Look up Wikihow for inspiration. There you’ll find all the ingredients for your success.
That’s it, 20 creative ways to make money in retirement. Hopefully, you’ve found them helpful and inspiring enough to help you find your own way of making a little extra money. I wish you the best of you luck in all of your future endeavors.
If you are past retirement, what have you been doing for that extra cash? Or if you’re still employed, what do you plan on doing once you’ve retired? Do let us know what your plans are and whether you have any tips for those over 60. We can’t wait to hear it.
Retirement doesn’t mean the end of earning potential. In fact, it can be an excellent time to explore new ventures and capitalize on your skills and experiences. Whether you’re looking for some extra income or seeking to turn a hobby into a profitable endeavor, here are 20 more creative ways to make money during retirement.
1. Create and Sell Crafts:
If you have a knack for creativity, consider making handmade crafts or artwork to sell online or at local craft fairs. Platforms like Etsy can provide an avenue to reach a wide customer base.
2. Teach a Skill:
Leverage your expertise by offering lessons or workshops in subjects like cooking, painting, photography, or musical instruments. You can teach in person or through online platforms like Zoom.
3. Rent Out Extra Space:
If you have a spare room or property, you can rent it out on platforms like Airbnb or Vrbo. This not only generates income but also provides an opportunity to meet new people from around the world.
4. Become a Consultant:
Draw on your professional experience and offer consulting services in your field of expertise. Many companies are eager to tap into the knowledge and insights of experienced professionals.
5. Start a Blog:
Share your passion and knowledge with others by starting a blog. It can be about travel, cooking, gardening, or any other topic you’re passionate about. Monetize it through advertising, sponsored posts, or affiliate marketing.
6. Become a Virtual Assistant:
With excellent organizational and administrative skills, you can work remotely as a virtual assistant. Many entrepreneurs and small businesses require assistance with tasks such as email management, social media, and scheduling.
7. Write and Self-Publish Books:
If you have a talent for writing, consider self-publishing e-books or print-on-demand books. Amazon’s Kindle Direct Publishing and other platforms offer opportunities to reach a wide audience.
8. Create an Online Course:
Transform your knowledge into an online course and share it on platforms like Udemy or Teachable. This allows you to reach a global audience while generating passive income.
9. Pet Sitting or Dog Walking:
If you love animals, offer pet sitting or dog walking services in your neighborhood. Many pet owners appreciate reliable and trustworthy individuals to care for their furry friends.
10. Sell Vintage Items:
If you have a collection of vintage items, antiques, or collectibles, consider selling them online or at flea markets. Your treasures could be someone else’s prized possessions.
11. Become a Tour Guide:
If you’re knowledgeable about your city or region, become a tour guide and showcase its hidden gems. You can offer guided walking tours, historical tours, or specialized experiences.
12. Provide Home Maintenance Services:
Utilize your handyman skills to offer home maintenance services such as gardening, painting, plumbing, or carpentry. Many homeowners prefer hiring reliable individuals for these tasks.
13. Offer Personal Shopping Services:
Become a personal shopper for busy individuals who need assistance with groceries, gift buying, or wardrobe selection. Your knowledge and sense of style can make a difference.
14. Start a YouTube Channel:
Share your expertise, hobbies, or unique experiences through a YouTube channel. Monetize your content through ads, sponsorships, or merchandise sales.
15. Create and Sell Online Courses for Seniors:
Help other retirees navigate the digital world by creating and selling online courses specifically tailored for seniors. Topics can include computer basics, social media, or using smartphones.
16. Rent Out Your Car:
If you have a car that sits idle most of the time, consider renting it out through platforms like Turo. This allows you to earn money without the hassle of full-time driving.
17. Provide Elderly Companion Services:
Offer companionship and assistance to older adults who may
need help with daily tasks or simply desire some social interaction. This can include reading, conversation, or going for walks.
18. Become a Freelance Writer:
Use your writing skills to become a freelance writer. Many websites, blogs, and publications are in constant need of content creators. Platforms like Upwork and Freelancer can help you find clients.
19. Offer Home Staging Services:
Help homeowners sell their properties faster by offering home staging services. Your interior design skills can make a significant impact on how a space is perceived by potential buyers.
20. Become a Personal Fitness Trainer:
If you’re passionate about fitness and leading a healthy lifestyle, become a personal fitness trainer. You can offer personalized workout plans, coaching sessions, or lead group exercise classes.
Retirement opens the door to endless possibilities for generating income. By exploring your interests, skills, and experiences, you can find creative ways to make money while enjoying the freedom and flexibility retirement offers. Whether you choose to pursue a hobby, start a new venture, or leverage your expertise, there are numerous opportunities waiting to be explored. Embrace the joy of earning in retirement and embark on a fulfilling and financially rewarding journey.
Retirement is often seen as a time to relax and enjoy the fruits of one’s labor, but it can also present an opportunity to explore new avenues for making money. With increased life expectancy and a desire for financial independence, many retirees are looking for creative ways to supplement their income and stay active. Here are some ideas for side gigs or hustles that can help seniors generate income during their retirement years.
1. Freelancing: If you have skills in writing, graphic design, consulting, or any other field, freelancing can be an excellent way to earn money on a flexible schedule. Websites like Upwork, Freelancer, and Fiverr provide platforms to connect with clients worldwide.
2. Renting out a room: If you have extra space in your home, consider renting it out on platforms like Airbnb. This can be a great way to meet new people and earn a steady income from your property.
3. Pet sitting or dog walking: Many retirees enjoy spending time with animals. Offer your services as a pet sitter or dog walker in your local community. This not only provides a source of income but also allows you to stay active and enjoy the company of furry friends.
4. Teaching or tutoring: If you have expertise in a particular subject or skill, consider offering private lessons or tutoring services. You can teach anything from music to languages to cooking, either in person or online.
5. Crafting and selling handmade products: If you have a knack for crafting, turn your hobby into a small business. Platforms like Etsy allow you to sell handmade goods to a global market.
6. Virtual assistance: Many businesses, entrepreneurs, and busy professionals require assistance with administrative tasks. As a virtual assistant, you can provide support remotely, managing calendars, answering emails, and performing various administrative duties.
7. Consulting: Leverage your experience and knowledge by offering consulting services in your field of expertise. Many companies are willing to pay for seasoned advice and insights.
8. Home maintenance and repair: If you have skills in home repairs or maintenance, you can offer your services to neighbors or friends. Tasks like painting, gardening, or fixing appliances are often in demand.
9. Tour guide: If you live in an area with tourist attractions or historical significance, consider becoming a tour guide. Share your knowledge and passion with visitors and earn money while doing so.
10. Online content creation: Start a blog, YouTube channel, or podcast on a topic that interests you. By creating engaging content, you can attract an audience and monetize your platform through advertisements, sponsorships, or merchandise sales.
When considering the best side gig or hustle for yourself, it’s important to consider your skills, interests, and available time. Find something that aligns with your passions and offers flexibility to suit your retirement lifestyle. Remember, the best side gig is one that brings you joy and fulfillment while also helping you achieve your financial goals.
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