10 Ways to Make Extra Money During Your Retirement

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7. Renting Out a Spare Room

Your house probably feels a little empty since your children moved out, and you might even have a few spare rooms. So, why not rent one out? You can advertise your spare rooms on sites like Airbnb and VRBO.

These sites are really popular as they often offer rooms that are cheaper than hotels. This idea also works for people who want to find someone that knows the area – this way you can tell your guests all the best-kept secrets in your area, the best restaurants, and the nicest place to catch the sunset for example.

Just be sure to check out the Airbnb’s terms and conditions to make sure you are doing things the proper way. Then, just figure out a nightly-fee, take some great photos of the room you’ll be renting out and you’ll be well on your way to becoming a host.

8. Becoming a Part-Time Driver

You’re no longer going to need your car for the daily commute, but if you’ve always loved to drive – then you should become a part-time driver. There are companies out there like Uber and Lyft that will offer you a better deal than a regular taxi driver job.

By joining ride-sharing services Uber or Lyft, you can earn money whenever you choose. These companies allow you to make your own schedule and you can work as little or as many hours as you’d like. They are also known for offering generous cash-bonuses to new drivers who sign-up. Many drivers report earning $20 – $30 per hour, too.

If you’re not into driving, you could consider renting out your car to other drivers instead. You can use Turo, to list your car for free, and earn hundreds of dollars per week. It’s safe too, as the site offers insurance and vets all drivers before renting to them, giving you peace of mind.