Retirement doesn’t necessarily mean that you can’t continue to be productive. More and more seniors nowadays are looking for ways to keep themselves busy post-retirement and increase their monthly income. With a little commitment, you can channel your entrepreneurial spirit to convert hobbies cultivated through life into serious cash. Let’s take a look at the top five side hustles for the elderly.
Teaching
If you possess a skill that you can pass on, and you are willing, there’s money to be made still. Options include offering online classes or applying to be a tutor at a local school. The upside of teaching post-retirement is that you can create a schedule that suits you. Passing on skills like playing a musical instrument, mastering a language or art can help you continue contributing to society while still keeping you occupied.
Baking and gardening
If you love baking and are good at it or if your vegetable garden is the envy of the neighborhood, you could consider setting up a stall at a local farmer’s market.
Online or physical garage sales
People love collecting things through their lifetimes, and one man’s trash is another’s gold. Whether it is coins, stamps, CDs, or books, there is always someone interested in buying your pre-loved treasures. The evolution of internet technology now allows seniors to sell their products online through various e-commerce websites. While it may require a little know-how and tech-savviness, you could stand to gain much more than if you held a garage sale.
Writing
Keep an eye out for websites and local newspapers that need people with excellent writing and language skills. Work tends to be project-based, and working freelance as a writer can keep you mentally active.
Party planning
Keep your creative juices flowing by offering paid party planning. If you have great ideas to keep people entertained and thrive off the high of organizing and meeting people, this might be an excellent way to stay active during retirement.
The best way to make money from a hobby is to continue doing something that you enjoy. The satisfaction derived from doing something you love can potentially help you find a new career for your senior years.