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Do you have time on your hands and could use some cash? Here’s how you can earn extra income right now.
Are you a senior or retiree who could use some extra money? Over six million older adults are struggling to make ends meet after retirement, according to CNBC. On top of benefits from social security and investment accounts, you can earn extra income to supplement your lifestyle.
Whether you have a 401k, IRA, or pension to fall back on or are struggling after losing consistent income, everyone could use some extra cash. Based on a study from Self for 2022, the average 50-64 with a side hustle earns over $1,000 per month. Imagine what you could do with an extra $1,000 a month!
Check out our top five side hustles for seniors below.
1. Rent Out Space You Already Own
Do you own a home or other space and don’t mind renting it out? Chances are you could be earning a significant amount from rent each month.
Companies like Neighbor and Airbnb will pay you to rent out space — even a single room will work! You could make over $200 monthly by renting out your shed, garage, or any other storage space with Neighbor, and over $1,000 monthly by renting out a home through Airbnb.
2. Paid Surveys
Take a few minutes to answer some questions about your experiences — it can earn you rewards and cash!
Companies like Rakuten Insights will pay for your opinion, costing you nothing except your time and opinion!
We also found this survey from Consumer Digital Survey which gives you a chance to win $750 for answering a few questions. There are tons of these surveys available; although you won’t be able to make a ton of money this way, it’s a great option to get some extra cash with minimal effort.
Just be sure to check and not give away sensitive information like your social security number or bank account information.
Hot Tip: When filling out surveys, be sure to not give out sensitive information like social security number or bank information!
3. Provide Child Care
Do you have experience taking care of children? If so, this is a great way to earn extra income. Sites like Care.com and Sittercity are always looking for babysitters and nannies!
Sign up, describe your experience with children, and search for people that need child care in your area. If you love children, want to spend your free time taking care of them, and get paid, this is the perfect gig for you.
4. Sell Things You Don’t Need
Do you have appliances, clothes, or anything else that just sits in your garage? Why not turn that “junk” into extra money?
People are always looking for quality used items on sites like eBay, OfferUp, and Poshmark, which are marketplaces for used clothes or items. You could also use Facebook Marketplace to find buyers in your area.
All you have to do is create an account (or log in if you have one), put your items up as a listing with images, and wait for someone to buy them!
5. Life Coaching
If you’re a retired senior, you probably have a lot of career experience. Younger people can always use coaching from an experienced source. You could get paid to provide life and career advice!
BetterUp is a company that is focused on personal and career development. If you have experiences that you want to share with people who are looking for advice, this is for you.
Navigate to their site, sign up as a coach, and see if you get approved to start!
There are many ways to earn extra income, especially with opportunities through the internet. Check out our article on senior discounts to make sure you’re saving as much as you can on your purchases.