You don’t have to go back to full time work to take the tension out of your pension and earn a little extra cash in retirement. In our latest post, we’re sharing 7 ways to earn extra cash in retirement – without giving up all of your leisure time.
Sell the fruits of your labour!
Do you have a hobby that has the potential to become a side business? Whether you love making homemade jam or pickles, are handy with woodwork or have a knack for knitting, consider selling your creations on an online marketplace like Etsy or at your local market.
Did you know that you can paid for sharing your opinion? Many organisations pay others to participate in surveys and focus groups. A quick Google search for “paid market research” could have you on the way to earning some passive income in as little as a few clicks!
Sell your time
Do you have a handy skill and some extra time up your sleeve that others don’t have? Perhaps you’re handy with a sewing machine and hemming garments, maybe you have a Ute that could help with moving items or maybe you’re a master with home maintenance. Whatever you’re handy with, you can bet your bottom dollar that there will be someone out there who would pay for time and skills they don’t have! Post a callout on social media, pin a poster to a community board or use a tool like Airtasker.com to find your next customers.
Sell your pre-loved items
If you’re in the process of downsizing, don’t throw everything away. Before considering the tip, think about whether the items you’re no longer using could add value to someone else’s life. To sell the items, host a garage sale, post them to Gumtree.com or if you’re already a Lifestyle Communities homeowner, you could sell your unwanted items in our Buy, Swap, Sell Facebook Group!
If you have a knack for persuasive prose you could make extra money on the side by writing articles about topics you know and love! Websites like Upwork.com and Freelancer.com allow anyone to create a profile and pitch for work posted by individuals and brands. List any qualifications you have along with your interests and experience in particular areas to put your best foot forward. You could be making extra cash in no time!
Share your skills
Teaching others is not only a great way to earn extra cash, but you’ll meet new people and feel a greater sense of purpose by sharing your valuable skills with others. Perhaps you could join a driving school and provide driving lessons or teach English to those who are learning English as a second language. Get creative with what value you could share with the world!
Start a blog
While taking this route certainly won’t earn you money overnight, blogging can ignite a sense of passion for the things you love and after some hard work and focus, can lead to a career in blogging. For more information about making money blogging, we love this article from ProBlogger.
Do you have any other tips and ideas for earning some passive income in retirement? If so, we’d love to hear from you. Head to our Facebook page and share your comments.