Retiring for some means watching the news and lounging around all day.
Others might be still in the mood to earn money.
After all, if you saw an opportunity to boost your savings that doesn’t require much energy,
would you ignore it?
You could finance a trip to another state or buy a gift for a loved one.
Thanks to the digital age, many money-making options are available for retirees. This blog post will discuss 11 different ways to bring in some extra cash.
So whether you’re looking for a side hustle or want to find some additional sources of income, read on for some great ideas!
1. Earn Cash-Back on Your Purchases
One of the best ways to make extra money is using a cash-back credit card. These credit cards offer you a percentage of your purchase back in cash.
For example, if you use a card that offers five percent cash back on groceries, you’ll get five percent of the total amount of your purchase back in cash.
Many cards also offer bonus rewards for spending in specific categories, such as travel or dining out.
So be sure to compare different cards and find one that offers the best rewards for the types of purchases you make most often.
You can also use a cash-back app like Ebates or Rakuten, which gives you money back on your online purchases.
Simply download the app, find the store you want to shop at and start shopping!
Cash-back credit cards and apps are a great way to make some extra money, and they don’t require much effort on your part.
Remember to read the terms and conditions of the card before applying, as some cards have annual fees.
And be sure to pay off your balance in full each month, so you don’t pay interest.
2. Walk Dogs
If you love animals, especially dogs, why not take the time and become a dog-walker?
Spending time with a cute pup and walking them through neighborhoods or parks is also a great excuse to keep yourself healthy and fit.
You can reach out to people you know in your neighborhood or ask friends or family in your area if they need someone to walk their dogs.
You can also check Rover, which is a site that helps you connect with potential dog owners in your area.
3. Participate in Paid Surveys
What better way to spend a lazy weekend than taking surveys?
Many legit companies provide the opportunity to make money with online surveys.
The purpose of such surveys is to gather consumer insights about certain products. Many businesses want to understand better their product’s performance and how consumers perceive it.
You can take part in developing a product and earn cash at the same time!
Before you sign up with a survey site, ensure that it’s reliable by reading reviews and checking if there’s data security.
4. Become a House-sitter
If a friendly neighbor has to travel abroad for an extended period and has no one to look after their place, why not volunteer?
House-sitting can involve caring for and watering the plants to occasional cleaning and sweeping the floors.
5. Rent Out Your Car
Why let your vehicle collect dust when you can rent it out to someone?
You can rent it out to others via Turo if you don’t make daily trips anymore and rarely use it during the weekends.
You can also lend your car to someone you trust if they want to take a short road trip somewhere.
6. Become a Mystery Shopper
Like surveys, you can get paid to give honest feedback when choosing to mystery shop.
Mystery shoppers act like companies’ critics who want information about the real-life consumer experience.
You can dine at a restaurant or shop at a store to provide comments and feedback to companies.
Just ensure that the sites or businesses where you register to become a mystery shopper are legit. Do some background checking before agreeing to terms and conditions.
7. Cook and Prepare Meals
If Martha Stewart is one of your idols and you think you’re ready to charge people for meals, then you can become a meal-prepper.
Today, many young adults don’t have time to cook, and some detest spending too much time in the kitchen.
You can prep home-cooked meals, whip out anything that can tickle their fancy, and earn considerable cash in return!
To do this, you can create a Facebook page and include your phone number along with your address and name.
Or, if you want to commit to building a brand, you can create a website and advertise from there. You can even print out a business card and give it to new customers once they make purchases from you.
8. Utilize Your Hobbies
Whether you can knit a perfect sweater in a week or craft necklaces in a few days, you can earn money by doing a hobby that you enjoy.
To showcase your finished works, you can create a profile on Instagram and upload them there. Spread the word to your friends and family who can help you market your products.
You can also sell your works on websites like Etsy. And before you know it, you can gain customers in no time!
9. Engage in Landscaping or Gardening
Spending time among flowers and fruits can be very therapeutic. If you’re active and like to move a lot, you can take up gardening or landscaping jobs.
Many houses want someone reliable to take good care of their lawns or look after their gardens.
Ask around and see who wants their lawn or garden taken care of, and you can soon bag a wealthy client!
10. Teach English
English is the lingua franca and the go-to language for business.
If you think you can teach a foreign language and love to meet people from different cultures, then becoming an online teacher is for you!
Most positions require at least a fluent native level of English or an EFL certificate. Some might ask for teaching experience or a diploma.
You can find posts on Indeed, LinkedIn, or just by typing “teach English online” on Google.
Many websites provide language courses, so ensure to do your due diligence and choose one that’s suitable for you.
11. Provide Customer Service
If you don’t mind talking on the phone or engaging with people regularly, you can work as a customer service agent.
Companies are always in need of people who can easily talk to customers and accurately respond to their queries.
You can even do this job at home, and there’s no need to commute to the office every day.
Just check if you have a reliable internet connection, a headset, and a computer or laptop, and you’re good to go!
Start Earning Cash as a Retiree Today!
There are many other ways retirees can bring in extra money. The options above are just a few of the most popular choices.
You just have to find out which one works best for you. And don’t be afraid to think outside the box and put your skills and talents to good use.
Who knows, you might even start a side hustle that becomes your full-time occupation!