Over60
Money & Banking

6 creative ways to make money

If you’re planning for retirement or have already retired, it’s quite likely you’re conscious about sources of income to support your lifestyle change. Leaving the nine-to-five workforce doesn’t have to mean you will need to start to rely solely on your nest egg and investments for money.

Here are a few ways you mightn’t have thought of to keep the money coming in;

Sell old stuff – Look around you at home. You may find an Aladdin’s cave of treasures, some of which are no longer any use to you. These can be a valuable source of pocket money – as long as your kids and grandkids don’t have eyes for them! There are an increasing number of ways to find potential customers hungry for your bargains. Sites like eBay, craigslist and Gumtree are the most popular if you’re digitally inclined, however don’t forget the old faithful garage sale – it’s also a great way to build your social connections with the local community.

Rent a room or car – This is another big growth industry as people and businesses look at their assets and clever ways to create two-way benefits by making them available to rent – users get an affordable and convenient resource and you get the hip-pocket benefit for something often under-utilised. There’s the obvious ideas such as renting out spare rooms to boarders, but also consider unused car parking spaces, a car that you may not often drive, even your house for location shoots for films and commercials.

Consulting or teaching – If you’ve left that 20-year corporate career but are still interested in options for work, there’s no shortage of ways to reinvent yourself. Think of how you can bridge your career experience and skills with part-time, consulting or tutoring roles.

New work – You can also try something completely different such as being a film or television commercial extra (there are lots of roles for more mature characters), mystery shopper, dog walker, pet or child minder, tour guide or part time gardener.

Online gigs – Online outsourcing and working remotely is more popular than ever, and there’s a broad range of work you can now find online and undertake from the convenience of your desktop. Look at market research, blogging, paid surveys and reviews as a few options. Websites like Airtasker offer everything from jobs you can do from home such as copywriting, data input and logo design through to trade jobs such as lawn mowing or deliveries.

Home business – You might consider finally starting up your own business from home, whether it’s catering or cooking goodies for the local markets, making furniture, becoming the next Van Gough or writing thrillers. It’s a great way to realise a new or unexploited talent or skill and make some extra cash along the way. Another way of consolidating housing costs while supplementing income might be setting up a B&B or taking a role as an onsite property manager.

Tags:
money, income, retirement