Retirement is something that every American plan for. However, a decent chunk of the population isn’t prepared for it. It’s estimated that 36% of Americans don’t have to retire, and many more don’t have the money to live comfortably after retirement.
Age should never be a barrier to earning. Whether you want to support yourself or supplement your retirement, there are plenty of opportunities out there for people of all ages. Here are five ways that you can keep earning even if you’re 60.
Thanks to the internet, it’s easier to start freelancing and earning an income from home. Here are some great freelancing jobs you try out:
Affiliate marketing is when you sell someone else’s product and get a commission from that sale. It’s a great way to make money online, and you can do it from the comfort of your own home.
There are plenty of affiliate programs out there. You can sign up for multiple programs and promote products in various niches. For example, you could be an affiliate for a fitness company and advertise their workout gear on your blog.
If you have a knack for writing, you can start freelancing as a writer. Many different types of writing jobs are available, such as copywriting, SEO writing, and ghostwriting. In addition, you can find writing gigs on job boards like Upwork and Freelancer.com.
If you like assisting younger entrepreneurs, you can start freelancing as a virtual assistant. As a virtual assistant, your job will be to help with administrative tasks, such as customer support, data entry, and social media management.
Start a Blog
It’s a simple way to start earning, especially if you already have some followers from your previous field of expertise. For example, if you love to cook, you could create a food blog and share recipes with your readers.
Freelancing is something you can do regardless of your age. The best part is that you can dictate your time when you feel like working.
Get a Part-time Job
A part-time job is an excellent option if you need a steadier income. Many employers are happy to hire older workers because they tend to be more reliable and have more work experience. Plus, with a part-time job, you can still have some free time to pursue your other interests.
Many part-time jobs exist out there, such as:
The odds are that you can find a part-time job in your desired field. There are also jobs for seniors with disabilities. These jobs are great if you have a debilitating disorder such as arthritis. Try them out when you can!
Invest in Rental Properties
Another way to earn is by investing in rental properties. This can be a great source of passive income, mainly if you invest in properties in high-growth areas. Not only will you earn rental income, but your property value is likely to increase over time. Here’s how you can start investing in rental properties:
- Get the money: The average cost of a residential property is around $400,000. So make sure you have the money for it. If not, you can always get a mortgage.
- Do your research: Once you have the money, it’s time to start looking for properties. First, look for areas with high population growth. This could mean a new hospital or university is being built in the area.
- Hire a property manager: If you’re unfamiliar with the ins and outs of being a landlord, consider hiring a property manager. They’ll take care of the day-to-day tasks, such as collecting rent and dealing with repairs.
Start a Business
If you’ve always wanted to be your boss, starting a business is a great way to do it. There are plenty of businesses that can be started with little capital investment, such as online businesses and service businesses. And once your business is up and running, it can provide you with a steady income stream for years to come. Here are some easy companies to start once you get older:
Start an online business: With an online business, you can reach a global audience with just a few clicks. Plus, you don’t need to rent office space or hire employees. All you need is a laptop and an internet connection.
Start a service business: If you have a specific skill set, you can start a service business. For example, you could start a home-cleaning business or a pet-sitting business.
Whatever your age, there’s no reason why you can’t continue earning and supporting yourself financially. With some creativity and effort, anyone can find ways to bring in an income-it just might take some thinking outside the box. So if you’re nearing retirement or just looking for some extra cash, consider one of these five options for continuing to earn even if you’re 60.