Many people are not too confident that they’ll have enough savings to live comfortably in retirement. Irrespective of where you are in life, it’s always good to make some extra cash, especially with the economic instability. But how do you make money when you are supposed to be enjoying life? Well, thanks to modern technology, there are several ways to boost your retirement income without the hassles of commuting. For instance:
Rent Your Space
Most retirees find themselves with extra space when their kids move out. You can make money by renting out rooms to travelers or getting a tenant. There are several vacation rental websites that can connect you with people looking for unique and affordable places to stay while on vacation. If you’re traveling the world, as most retirees do, you can rent out your house for the time you’re out of town. If you are not comfortable sharing your space with strangers, consider renting your basement or garage as storage space.
Sell Handmade Products Online
Turn your craft skill or hobby into a stream of income. Sites like Etsy give the platform for creative people to sell handmade or vintage products. These handmade products include art, jewellery, toys, pictures, bath and beauty products, nick-knacks, food, clothing, and much more.
A lot of people make money from blogging and it’s their sole source of income. So, if you have a way with words, you should consider blogging. Pick a topic that interests you, research, and then write posts online. You won’t make money overnight but with consistent dedication and great content, you’ll soon reap the financial benefits.
Sell your life insurance policy
Many retirees have children who are all grown up and independent. This means that they probably have a life insurance policy that no one really depends on. If this is the case for you, you might want to consider selling your policy. Most people don’t know how to go about selling their life insurance policies, let alone knowing that it’s possible, that’s why you need Mason Finance to help you get the best possible deal.
Sell Items on eBay
Retirees have a lifetime of accumulated possessions clogged up in their basement, garage, or attic. Make some quick cash clearing out those spaces. You could sell the old-fashioned way by holding a garage sale or taking your clothing, bags, and books to nearby second-hand shops or to local consignment stores. Alternatively, sell your stuff on eBay. The site offers a place to market your products or services online.
Get Paid for Online Surveys
Several websites and companies will pay you to provide feedback on their products or services. Participating in online surveys may not earn you a lot of money but they take up very little of your time and can be done at the comfort of your home. Plus, any extra cash you can get in retirement will certainly help.
Become a Local Guide
With your unique perception and your knowledge of the local community, you can make money as a local guide. Better yet, you can become a virtual tour guide for Vayable. Make your tour thematic, for instance, showcase distinctive coffee shops in the area or dig deeper to find the hidden gems of the area. Also, seeing that a lot of people are interested in responsible traveling and have the desire to know more about the native environment of an area, consider ecotourism.