If you are looking for legitimate ways to add money to your bank account, here is a list of ways to make money in retirement.
When we think about retirement, many of us dream of traveling, spending more time with family and friends, and pursuing hobbies in our free time.
But as retirees settle into their new daily routine, many find their retirement money doesn’t go as far as they’d hoped, or in some cases, boredom sets in.
Thank you, s work from home jobs skyrocketing in popularity and availability, entering the retirement phase of life doesn’t mean the end of money, work or enjoying the routine you love.
Better yet, working online allows retirees to enjoy flexibility and extra income in their golden years.
Below are some easy ways to earn money in retirement from home while enjoying all the flexibility and freedom that retirement has to offer!
1. Transcription and subtitling tasks
Do you like writing? How about listening to others speak?
Rewriting as a retiree is the perfect way to earn extra money while doing something you love.
As a transcriptionist, you take live or pre-recorded audio and convert it into a written document.
You will need a computer, an internet connection and in some cases a headset to listen to the audio clips. Here are some companies that hire in-house transcribers on a permanent basis:
Roar: Make money as a transcriber or subtitler. Get paid weekly, choose from hundreds of transcription jobs, and work a flexible schedule. Rev is one of the most popular and trusted transcription sites out there.
TranscribeMe: As a transcriptionist with TranscribeMe, you’ll provide transcriptions for the medical, educational, and entertainment industries while getting paid to transcribe short, 2- to 4-minute audio clips. As with many of these work-from-home jobs, you’ll have complete flexibility with your schedule.
2. Complete short tasks online
From taking surveys to watching videos and more, you can easily make money from home, helping brands understand what consumers love.
Here are some fantastic opportunities to make money short simple tasks online:
- InboxDollars: Complete free offers, search the web, play games and more to earn money with the flexible InboxDollars platform.
- Opponent: Earn $60 to $140 on average for taking surveys, testing websites, and participating in groups.
- Swagbucks: Watch videos, take surveys and more to earn Swagbucks that you can turn into PayPal gift cards or cash.
- User chats: Take surveys and earn money! This research platform recruits focus group participants to conduct surveys and test websites.
3. Become an online English tutor
Do you enjoy chatting? Get paid for your gift of gab by teaching others to speak English. From simple conversational English to teaching younger students about the English language, becoming an online English tutor is easy and fun. Here are a few reputable ones English tutoring platforms you can start with:
Camble: This is an online learning platform that connects you with students who want to learn to speak English. The best part: no scripted lesson plans. You get paid for simple conversational English. Students and tutors discuss grammar, punctuation and slang in an informal setting. Another advantage lies in the flexibility of the platform: log in whenever it suits you and talk to students.
VIP child: VIPKid is an international education platform that hires individuals from the United States and Canada to teach English to Chinese students ages 4-12. You’ll earn $15-$22 per hour, have the ability to tutor from anywhere, and have written lesson plans available.
4. Selling an old thing
Do you have designer suits that you are now trading in for yoga pants or sundresses? How about those designer shoes that you won’t have to wear to town anymore? You can make great money selling all those items you no longer need in your retirement years. Maybe you like making handmade items? Yes, you can sell them here too!
Whether you’re downsizing your home or cleaning out your closets, there are several buy and sell apps that you can use to make money for items you no longer need. Here are some platforms to start making money as an online sales expert:
Poshmark: Poshmark is a clothing app that makes selling unused items extremely easy. Grab your smartphone, download the app, create an account and sell. From clothing and accessories to toys and more, Poshmark is a great place to start your online selling adventures.
Mercari: From new to used clothes and handmade goods, you can sell everything here! This app does not allow the meeting to sell your items, but it makes it very easy to send your items. It works like this:
- Sell it: List your items for free and in minutes with a picture, description and price.
- Send: A printable shipping label is emailed directly to the seller.
- Get Paid: A 10% sales fee is charged when the sale is completed.
VarageSale: This app is exactly what it sounds like a virtual garage sale. Here you can buy and sell items safely and securely in your local community. Here’s how it all works:
- Download the app.
- Connect your Facebook account and verify your identity.
- Post your items for sale locally and see other listings as well.
Vestiaire Collective: This high-end online marketplace specializes in designer items for women. Here is a little more information about using this platform to sell:
- Sell directly from your closet and post unlimited offers.
- Set your price and choose your preferred shipping method.
- Must be located in the United States
- Verify that your items are authentic (no fakes!).
5. Start a blog
do you like to write Why not continue to help others in your field through your blog? Whether you’re in personal finance, education, business, fashion, travel, food, or something else, you have knowledge to share!
What’s even better is that starting a blog retirement is more than just a hobby. You can create a blog and monetize it by writing about the topics you love.
You can monetize your efforts in ways that feel good to you, whether it’s writing and selling online courses or electronic booksadvertising revenue, affiliate income, monthly membership, brand sponsorshipor something else.
6. Selling printers online
Do you like to create? Then take your creativity and turn it into a profitable online business in your retirement years! Sale of printed materials such as worksheets, templates, coloring books, etc SVG files is a flexible and easy way to flex your creative passion while making money from home.
Another benefits online print sales include:
- Zero shipping costs: All are available for download!
- Design with ease: Many design tools and software programs such as Canvato make creating printables and graphics a breeze.
- Sell on different platforms: OF Etsy, Stages, Shopify, Patreonand more, there are various ways to get your beautiful creations seen to make those sales.
- Passive income: You create them once and sell them again and again without any extra work.
Does that sound interesting? Learn more about designing and selling printed matter online with E Printables Side Hustle Course!
7. Rent things
You’ve probably accumulated a lot of stuff over the years, some maybe just sitting around collecting dust. Whether you have big things like an RV, boat, extra garage space or spare room, or smaller items like tools, sports equipment or camping gear, you can probably rent them out online for extra retirement income. With the popularity of platforms like Airbnb, other platforms have launched to rent almost every item imaginable. Whether you want to rent a car, a driveway, expensive clothes or a camera, you can do it.
Depending on how much stuff you have and how often you rent it out, you can make good money just by renting out stuff you already own. Some people even turn this business idea into a full-time business by renting out their homes or party equipment like bounce houses. Check out this post for a full list of sites where you can earn extra money by lending things.
8. Walking dogs and watching pets
If you are a pet lover, this next idea is for you! with Rover and Joker app, you can create an account and earn money for pet care. The services you can offer are as varied as the types of animals you track. With these apps, you can choose when you want to work and how much you want to charge. Be sure to check out our full review Rover application and how much you can earn each month.
9. Virtual assistant
Throughout your professional career, you’ve likely acquired a lot of valuable expertise that can be used to help small business owners. Whether you’re a fast and accurate typist with excellent proofreading skills or a master at booking travel and managing your calendar, companies like Byron, Time etcand My VA Rocks they are almost always looking for talent virtual assistants work on administrative tasks. In these part-time jobs, you’ll work as an independent contractor and get to choose how many hours you work per week.
10. Start freelancing
Take your professional talents and turn them into cash with a freelance side gig! Whether you want to earn a little extra money or a lot, with freelancing you can take on as many projects and clients as you have time to complete. With platforms like Upwork, Fiverrand Legal, you can easily connect with hungry clients who desperately need your skills. Whether you are skilled at it graphic designwriting, photography, proofreadingediting, video editing, bookkeepingor something else entirely, your skills are in demand.
You can create a profile, list your services and offer projects using the platforms mentioned above. Each platform takes a small fee from your total earnings, but getting started and making money quickly is a snap.
11. Train AI tools
As AI becomes more popular, there are many The AI party is in a hurry for detail oriented seniors with excellent written communication and research skills to earn money training AI tools. For some projects, you can evaluate search results, written responses from AI tools, audio or video clips, images, and more. With this part-time job, you’ll be able to choose your own hours and work as an independent contractor. To get started, explore DataAnnotation Tech, Applicationand TELUS International Company.
12. Sell Crafts on Etsy
If you want to start your own business that sells arts and crafts, handmade items such as jewelry, soap or lip gloss, craft supplies, or antiques and antiques, consider Etsy. Etsy makes it very easy to start an online store. Just create a seller account, upload quality photos and SEO rich descriptions for the items you sell and promote your listings on social media sites like Instagram, Pinterest and TikTok. You will be charged a small fee per sale ($0.20 per listing) and a 6.5% transaction fee.
One retiree who has been successful selling products on Etsy is Carolyn Wainscott. She sells handmade quilts and vintage items on Etsy and eBay. It even has a YouTube channel where he demonstrates craft tutorials.
Final words about making money in retirement
As a retiree, you may have your days, weeks, and years fully scheduled, but there may be opportunities when you’re making money from home (or when you’re traveling the world) that may be a necessity or something you want to do.
If you need a steady income, AARP has a list of legitimate companies that hire older workers to work from home.
Whether you’re doing short tasks or tutoring online, retirees have endless ways to make money from home while having fun!
Originally published on August 31, 2020. Content updated June 2024.
