For various reasons, many Australians seek out ways to make money after they stop working.
For some, earning extra is essential to top up their retirement savings and pensions to pay living expenses, while others choose to work to cover the cost of personal projects or retirement dream holidays. Sometimes earning income in retirement isn’t about the money itself, but having a chance to learn and develop new skills while keeping active mentally or physically and connecting with others.
Regardless of the aim, after a working lifetime it’s always a smart move to select a way to earn money in retirement that you enjoy that fits your lifestyle and routine. In this detailed guide, we’ll explore some of the popular ways that people in Australia select to make money when they leave the workforce.
Part-time work
A popular option is to find a part time role to make money. Finding a position in easy reach of your home can cut travel costs and part-time hours let you still appreciate your retirement while bringing in some extra funds. Offline and online roles are both available.
Traditional roles
There are plenty of conventional jobs retirees can engage in that involve training, so experiences required is minimal. Such part-time employment options include retail, admin and customer service.
Ridesharing or delivery
Drivers in retirement who enjoy being on the road can also make money. Sociable drivers can register on ride sharing and ride sourcing apps like MenuLog and Uber to pick up paying fares while delivery drivers are always in demand. Retirees with a good knowledge of their local area can connect with logistics companies and deliver in easy reach of their address to make extra income.
Monetising hobbies and skills
On reaching retirement, many people find they have more times to enjoy their pastimes. However, hobbies can also offer a way to earn. Artistic retirees like painters, illustrators, sculptors and photographers can sell their artworks online or guide others interested in enhancing their abilities. However, surfers and sailors can also impart their knowledge to others and provide instruction for pay as can retirees who like to garden or arrange flowers. Whatever your interests and skills are, there are likely ways to monetise them.
Selling handmade goods
Skilled seamsters and seamstress can make clothes while arts and crafts fans can create gifts. Today there are an abundance of online platforms like Etsy where retired people can sell products they fashion by hand at home. These include greetings cards, candles, paper flowers, clothing, jewellery and more.
Tutoring and teaching
Many people in retirement with a qualification or specialist skill pass on their knowledge and experience for payment. Students of all ages seek out tutors and teachers to help them revise or pass important examinations.
Pet sitting or dog walking
Animal loving retirees often find dog walking and pet sitting is an ideal option, especially if they have a sociable pet of their own. Taking an extra couple of dogs for walk or letting them hang out with your own four-legged friend can be easy money, and owners of expensive breeds on sites like Pawshake and MadPaws may pay well for a caregiver they can count on.
Freelance writing and editing
Among the most popular ways to generate revenues flexibly, freelance writing and editing have much to offer. If you have a good command of the English language, freelance work lets you work agilely in your own chosen hours and can be very rewarding. Work can involve writing or editing blogs, news and feature articles, press releases and product descriptions and retirees with niche knowledge of a specialist subject can often earn more for their experience.
Unlike many other roles in retirement, freelance writing and editing doesn’t require a formal education or years of experience, making it easy to access.
Are you interested in writing in retirement and earning income?
If you’re no longer in full time employment and looking for a way to earn money that doesn’t require qualifications or experience, we can help. While you’ll need solid English skills and be dedicated to meeting deadlines, if you can hand in high quality work, we have a wealth of assignment available that pay by the word.
Start earning in retirement when you apply to write with Words of Worth Australia today.