If you are like most people, you might want or need to take steps to increase your financial security during retirement. The good news is that there are many different ways to make some extra cash regardless of your age or physical health. Let’s go over a few of the more popular ways to create extra sources of income when you’re no longer working.
Sell Items Online
You can sell items that you have around the house online through your own website, social media channels or various online marketplaces. While some sites charge fees to post listings or to facilitate transactions, they can also help to expose your listings to thousands or millions of people throughout the world. Furthermore, many sites make it possible to sell digital goods that you have created such as songs or eBooks.
Find Freelance Work
It may be possible to find work as a freelance author, editor or proofreader. You could also leverage your experience in a given field to make money as a consultant. Working on a freelance basis can be ideal because you get to set your own hours and your own rates. Therefore, you won’t have to worry about a project getting in the way of your holiday plans or anything else that you may be looking forward to.
Take Surveys Online
Companies are always looking for feedback about their products and services. In many cases, you can get paid to tell organizations how much you would pay for an item or how often you shop online. It is worth noting that not all survey sites pay in cash. Instead, you could receive a gift card or a code that can be redeemed for a discount on a given retailer’s website.
Get Paid to Read Articles or Watch Videos
Websites can enhance their reputations by increasing the number of times a video is watched, liked or shared. It can also establish itself as an authority by having articles or other content read and commented on. It is not uncommon for companies to pay people to engage with content or take other actions that are ultimate to their benefit.
You May Have Unclaimed Money
There is a relatively good chance that you have money in a bank or brokerage account that you never closed but haven’t used in years or decades. There is also a chance that you were gifted shares of stock in a company or inherited assets without your knowledge. State government websites can help you learn more about how to claim assets that are in your name.
Play Online Poker
For many people in retirement, there are games they have been playing for a very long time. Poker is one of those games for so many. Why not use your knowledge of the game to make some extra money. You can play live poker tournaments online where the buy-in can be as little as $10 and as large as you want.
For many, the idea of what it means to be retired has shifted over the past several decades. Therefore, it is good to know that there are still many ways to stay active and maintain the financial stability that you need to maintain the lifestyle that you want.