10 More Ways to Increase Your Cash Flow After Retirement
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4. Blogging or Writing
Want to write the story of your life? Starting a blog is today’s (cheaper) answer to writing a biography. If you’ve had a particularly interesting life or have years of experience on a subject, this could make for a really interesting blog.
You can literally write about anything, and to make money from it you can sell ad space on your website. It might take some time to start making a return, but the more interesting your blog is, the quicker it will happen. This can be a great thing to do, and it seems like there might be a gap in the market for seniors who write blogs. If you like to write, this could also be very enjoyable for you.
If you’d prefer to freelance you can offer writing, editing, and proofreading services on sites like Upwork and charge an hourly rate.
5. Altering and Fixing Clothing
There is actually still a market for clothing repair, despite the throw-away culture that we now live in. More often than not, people want jeans, pants, and jackets repaired. So, if you’re a wiz at sewing on a button, altering garments, and taking up hems this could be a great money earner.
If you’ve got already got a sewing machine, then this job will require no start-up funds either. You can probably advertise at your local dry cleaners or laundry service to get started. Just have some flyers or business cards ready for customers to see.
You could even go one step further and start upcycling old clothes into brand-new garments. Scroll through Pinterest as they tend to have lots of crafty idea like turning old sweaters into pillowcases or men’s shirts into pretty dresses. You could even sell your creations on Etsy.
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6. Get a Part-Time Job for Pay and Fun
Now that you are retired, it’s definitely time to slow down, but that doesn’t mean you shouldn’t get a part-time job that you’ll enjoy. If you love golf, for example, you could apply for a part-time job in the golf course pro-shop, you probably already got all of the knowledge needed.
Think about the perks you could get. Discounts of equipment, and free time on the green. Maybe you hate golf. Well instead, you could work at a bookstore, wine shop or some other place that you’d enjoy. Getting paid to chill out and have fun is something that retirees can really enjoy.
While these jobs might not seem to pay that much, it’s more about topping up your nest egg and enjoying your post-work life. Now think about things you like to do, and go and turn them into money.
7. Home-Style Cooking
While opening a bakery might be too much of a leap, you can still make money from food if you’re a particularly good cook. Again, there is a market for this as a lot of people work long hours and don’t want to cook once they get home. Additionally, there is also a lunchtime crowd that you could cook for.
Think about people you know in your community. Perhaps your grandson is at college without access to a proper kitchen and maybe he and his friends would love to pay for some real home food. Or maybe you’re book club need someone who can supply a few cakes every week?
No matter what you are making, people love to eat. There are even websites you can use to match with local people or travelers who are looking for home-cooked grub. Check out Eatwith.com, Feastly, Eat With a Local and Cookapp to start with.
