A retirement hobby that can actually make you money
Whether it’s painting, joining a walking club, gardening or pickleball, hobbies can be a good thing in retirement. They organize your schedule and expand your social circle. But sometimes, they can earn more money as well.
In retirement, you’re not just looking to replace your income, but getting some income can be a way to preserve your nest egg.
How to make extra money with a hobby
You don’t have to stop earning when you move away from the nine to five. Hobbies can provide income while allowing you to pursue careers you love.
Here are four hobbies you can explore that can and will increase your income.
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1. Selling your art
Platforms like etsy let people sell handmade goods and create their own brands. If you make art that you think others would enjoy, such as bending or special woodwork, consider selling your products online.
You can also sell your handmade products in the local cloud. They may have a small audience, but you can meet new people in your area and build rapport with customers in a way that you can’t with online transactions alone.
2. Special Consultation and Teaching
If you’re fresh out of the workforce, you may have developed lifelong skills that other people will pay to learn. You may have links to specific school topics or you may offer career advice. People also pay for Language tutors and writing help.
The pay scale for tutors varies widely. A niche is your area of expertise, the highest you can charge for your services.
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3. PET AND ANALYSIS
Home pets and house sitters are great ways to make extra money – and they usually don’t require a lot of work. Also, they give you the opportunity to check out a new neighbor with a house sitting and be with your pets without the long-term commitment of being alone with a pet sitting.
You can start a pet sitter one pet at a time, but some pet sitters care for multiple pets at the same time. Taking advantage in seasonal ways, such as increasing your donations during the summer when many families go on vacation, can help net extra income.
Instead of taking the pet from your place, the client may want you to visit their home a few times and make sure the pets are fed and moved.
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4. Being a local tour guide
If you live in a destination that has a lot of tourists, you can find opportunities as a local tour guide. Some retirees tap into their local knowledge and guide visitors on historical and morning tours.
Tour direction is also a form of exercise, because it involves a lot of walking.
