We discuss 7 Ways to make money in retirement and keep the funds flowing.
Retirement should be the time of your life, when you get to enjoy the things you couldn’t while working and making money.
However, once you are retired, how do you make sure that money doesn’t run out?
Luckily, there are plenty of ways to make money in retirement, such as by starting an online business or affiliate marketing venture, writing a blog about your passions, or even taking part-time work from home jobs if you can handle it!
Here are 7 ways to make money in retirement that don’t require going back to the office!
1. Increase Your Income.
Retirement can mean many things to different people. For some, it means they are ready to give up work forever, while others simply want a slower pace of life without as much responsibility.
Whatever your reason for retiring, you will want to make sure that you have enough money saved and invested so that you can enjoy your retirement.
One of the most popular ways to increase your income during retirement is via the Internet. These days it’s easy for anyone with access to a computer or smart phone/tablet device to make money working from home via affiliate marketing.
Then there is freelancing or selling items on eBay or Amazon.
Working from home is quite fulfilling. If you enjoy staying at home with kids or grandkids and would like to make money while doing it, then you could consider doing childcare work from home.
These are just a couple of quick ideas for ways to make money in retirement.
2. Invest Your Savings.
Are you worried about running out of money when you’re old? As it turns out, retiring without enough money is more common than many of us think.
In fact, many studies have shown that about 50% of all Americans aren’t prepared for retirement .
With that said, not all hope is lost. Rather than panic and start blowing through your savings (which isn’t a good idea), save and invest as much as possible.
Currently, there is much talk about the rising price of Silver – definitely a worthwhile investment. Investing in precious metals like Silver and Gold can ensure that you will have funds available for your retirement.
Over time, any extra savings/investments can compound into a nest egg to deliver income in your later years.
3. Write And Publish Your Own Books.
If you are blessed with the ability to write, you can consider writing your own book(s). These days many authors publish their own books on Amazon.
Amazon is a great platform for this. It is currently the most widely used platform for all kinds of purchases – people buy everything from books to golf clubs through Amazon.
If you are nervous about retirement planning, then you should definitely consider becoming an author and earning royalties and sales from books and ebooks.
While writing can seem like a solitary pursuit—particularly when you’re just starting out—the fact is that successful authors (for example) need help with editing, designing covers, marketing and publicity.
You might even hire assistants or interns to help generate content for your book.
The point here is that this is a great way for retirees to make money from home, as long as they have ideas about what they want to write about and how they want their work packaged and presented.
4. Work From Home Part-Time.
One way to make money after you retire is through part-time work.
If you already have a job, it may be possible for you to continue working for the same company on a part-time basis from home.
This means that you could supplement your income after retirement while working from home. It may also mean that your employer will pay for some of your internet and phone expenses.
Even if they don’t, there are other ways for you to save money on these services. All you need is a little creativity and some determination—after all, it’s worth it if it means more time at home with family!
5. Start An Online Business.
An online business can be one of many things. You can start a home-based business that allows you to make money while working from home.
We would suggest that you consider starting an affiliate marketing business. This is one of the easiest and most successful models for working online.
The only tools you will need are a computer (preferably a laptop) and access to the internet. With these in place you are ready to begin.
We recommend doing your research before diving into anything headfirst and you can start by reading through our full article: Wealthy Affiliate University – Why You Should Join.
By following the step-by-step training on the Wealthy Affiliate Platform, you will very soon develop your skills as an internet marketer.
Before you know it, you will be accomplished at one of the very successful ways to make money in retirement.
6. Sell Products on eBay or Amazon.
It is fairly complicated to build an e-commerce store and you may not want to do this. If you don’t want to, a great way to make money online is by reselling products on eBay or Amazon.
In this way, you buy products at wholesale prices and then sell them at a markup on one of these platforms.
It is certainly easier than starting your own business from scratch, right?
You can easily get started by signing up for an account on one of these platforms and then researching to learn how everything works.
The hardest part is figuring out what product you want to sell and where—but when you figure that out, selling online becomes much easier.
7. Write A Blog About Hobbies Or Interests.
This section actually ties back to 5 above. This is because some of the most successful affiliate marketers write blogs on topics about which they are passionate.
One way to enjoy your golden years and make some extra money on top of your pension is by writing a hobby-based or general interest website. This is known as niche marketing and you can read more about niche marketing right here.
So, writing a blog about interesting topics and promoting products for sale on that blog, actually describes the affiliate marketing process.
Final Thoughts on 7 Ways To Make Money In Retirement.
Many people dread retirement because they don’t know how they will pay for everything. Not only does retirement present financial concerns, but there are emotional and spiritual questions as well.
So here is what we have discussed in this article today:
- Increasing your income for retirement.
- Investing your savings sensibly.
- Writing and publishing your own books.
- Part-time work from home in your old job.
- Start an online business in affiliate marketing.
- Sell products on eBay or Amazon.
- Write a blog about hobbies or interests.
These are some of the ways you can ensure enough funds for your retirement.
If you would like to get started with your online business, click on the image below.