Sadly, many people enter retirement without the funds necessary to sustain them for 20 or more years of retired living. This can leave them in a terrifying position at the beginning of what should be their “golden years” and in even worse positions as they continue to grow older. If you’re one of those people, take heart. It may be intimidating to know that you need to find a way to continue to earn enough money to keep the bills paid, medications paid for, and groceries in the kitchen but there’s hope for you. Here’s a look at some ways to earn extra cash in your retirement.
Find a New Role in the Same Field
Depending on what field you retired from, it’s entirely possible that you can find a retirement role as a consultant for a company in that field. Smart business people are always willing to learn from the men and women who have already “been there and done that” when it comes to their company. Don’t be afraid to reach out to local businesses and offer your services as a consultant and work as a sole proprietor which can produce a healthy amount of extra income.
While retirement has been a goal for decades, many retirees realize that they’re not sure what to do with all that free time. Don’t be afraid to find a part-time job that can supplement your income without putting you back to work more than 2-3 days per week. Find companies who are looking for part-time employees in the 50 and older crowd and reach out to them. There are opportunities out there.
Be a Driver
While many people hear about driving and think about Uber or Lyft, there are other options out there. Consider reaching out to local businesses such as flower shops and see if they need a delivery driver 2-3 days a week. It will give you something to do, get you out of the house some, and allow you to bring in some extra cash.
You worked for years and certainly deserve to enjoy your retirement. Hopefully, some of these ideas help alleviate some of the financial stress that comes with this new chapter in your life.