Business and Money

Top 5 Things Seniors Can Do to Stay Busy and Earn Extra Revenue

Dan Vega | April 2016

If you find yourself at the age of retirement and have found the adjustment more difficult than anticipated, then you are not alone. In fact, over 4 million people are retiring each year, and most of them have experienced periods of loneliness, detachment, frustration, and depression at one time or another. If you can relate, then don’t worry because there are plenty of solutions to help you acclimate to what should be some of the happiest years of your life. You have to remember that as a senior, you have a lot of experience and value to impart, so let’s make the most out of those skills you spent so many years developing. The following list will give you 5 things you can do to stay busy and earn extra money. Remember the most important thing: Now is the time to truly follow your passion.

  1. Selling Crafts or Antiques
  2. Some seniors take it upon themselves to embrace their passion and sell crafts or antiques. Although it would take a lot of work to maintain a full-time income, many seniors have found this avenue to be a great way to supplement their existing income.
    Whether you’re into making your own crafts or shopping for items that can be resold, crafting or antiquing can be an extremely fun, rewarding and lucrative endeavor. Don’t underestimate the power of Craigslist and EBay. If you’re a crafter or antiquer, this may be the life for you.

  3. Becoming a Consultant or Tutor
  4. If you have spent a considerable amount of time in a certain field or have developed some unique or valuable skillsets, then it may be time to pay it forward. Why not share your knowledge and impart that wisdom to others as a consultant or tutor? Remember, in order to be old and wise, one must once be young and senseless.
    Many retired business experts, engineers, and scientists have found consulting rewarding as their senior career. Perhaps you excel at reading, math, or other fundamental skills, if so, becoming a personal tutor can become a lucrative option.

  5. Writing Your Own Book
  6. Most people at one time or another have had a great idea for a book. So why not take advantage of your new found freedom and make that dream a reality. If you are viewed as an authority on a certain subject or have overcome great adversities in your life, yet somehow managed to survive, then writing a book could be a great way to share your story and resonate with a large audience. If writing a book initially seems overwhelming, try starting with your memoirs as a way to jump-start your creativity. This can start as simple journal entries or you can record your past adventures and experiences and share them with loved ones. Try to write a little everyday to establish the habit of writing. Also consider joining a writing group in your local area for support and direction. There are many free writing tutorials online to get you on the right track. Who knows, you could be the next best seller waiting to be discovered. You will find that writing daily is not only very therapeutic, but can also be a great way to earn a substantial income.

  7. Becoming an Editor or Test Reader
  8. If writing a book proves to be more than you bargained for, then you might consider becoming an editor or test reader for some of the publishers in your region. If you are a strong reader and excel at writing and language skills, then this may be a good option for you. Even the best writers need a strong editor.
    Also, there are different types of editing. Structural editing may prove to be more difficult for some, but publishers have a large need for basic detail editing and individuals who have an eye for grammatical errors. It is not uncommon for publishers to pay $50-$100 to test readers for a particular project. If you love to read, then why not get paid for it and expand your library with free books.

  9. Home Based Franchise Business
  10. If you fancy yourself as having good business sense or possess a wide array of skillsets, then you may want to consider buying a home-based business franchise. This is a great way to create an amazing income and opportunity with relatively low risk. Many of the top selling home-based franchises can offer a professional income within the first 12-18 months for an investment as low as $5,000. You can find a great list of possible opportunities by searching “Top 100 Home Based Franchises”, which is provided by Entrepreneur Magazine. Make sure to narrow the list of your skills and interests before considering options that would suit you.

Whether you start or purchase a business, become a consultant, or write a book, I think it is important to remember that your senior years can be some of the greatest years of your life. You have learned many of life’s lessons, developed many abilities, and have gained much value that could be of great benefit to the next generation. Why not take full advantage of this opportunity and not share the sentiments of one retiree who said, “It’s frustrating when you know all of the answers, but nobody bothers to ask you the questions.”

You’re Retired, or Getting Close. What’s Next?

Sherry Moore | Manpower Staffing

A flexible schedule. Variety of experiences. Learning new things. Sound appealing? Then maybe you should take a closer look at temporary employment. Demand for good temporary workers continues to grow across a wide range of industries, from high tech and healthcare to office services and manufacturing. Companies use temporary employees to manage periodic increases in their workload or to take on specific assignments. A 2009 study from the Journal of Occupational Health Psychology found those who work after retirement are physically and mentally healthier than those who don’t, and they’re more financially prosperous.

With many retirees working longer or launching second careers, there’s a strong argument for staying employed later in life. In fact, employment after retirement makes sense for a lot of reasons. For many retirees, sitting on the couch watching television while their worlds grow “smaller and smaller” is simply not an option. And why should it be, when the benefits of staying employed can be so enriching?

Site Map