Retirees are perfectly positioned to start a successful side hustle. With remote work the new norm, and gig work apps like Uber and Airbnb a part of our everyday life, it has never been easier to secure an extra income stream. Use the skills you have accumulated throughout your career to earn extra cash — or use it as an opportunity to get involved in a new hobby you have always wanted to try.
Retirees have a particular advantage because they have both time and expertise in various fields. Here are 15 ideas for generating an additional income stream during your retirement.
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Q1 2022 hedge fund letters, conferences and more
London Value Investor Conference 2022: Chris Hohn On Making Money And Saving The World
Chris Hohn the founder and manager of TCI Fund Management was the star speaker at this year’s London Value Investor Conference, which took place on May 19th. The investor has earned himself a reputation for being one of the world’s most successful hedge fund managers over the past few decades. TCI, which stands for The Read More
Start a blog or online course teaching others about your retirement planning strategies
If you specialize in any topic, there is likely a market for it on the internet. For example, If you are a retired teacher, share some of your most successful lesson plans. If you are an excellent cook, make a blog with your recipes. Have you mastered planning for retirement? Consider sharing this information online.
The possibilities are endless, and odds are you have a skill worth sharing online that can make you some extra income throughout the month.
Rent out a room in your house
Many retirees have tons of extra space in their homes, especially after their children have moved out. If you are a homeowner with some extra space, renting out a room in your house on Airbnb is one way to fill up the extra space and generate additional passive income.
If the idea of having strangers coming in and out of your home makes you uneasy, you could also find a more permanent tenant to share your home with. For example, consider opening up your home to a college student looking for a place to stay during …….