5 Ways to Make Additional Income in Your Retirement Years

What does retirement look like to you? Lemonade and a book on the back porch? A day at the golf course? Traveling? While everyone’s idea of the perfect retirement will be different, many people share the same need for extra money during this time. Making extra money in retirement begins by rethinking how you view your retirement. Consider the following ways you can bring in some additional income:

  1. Find a Part-Time Job

Retirement does not necessarily mean that you will never work another day. If you want to increase your income, but still enjoy those afternoons at the golf course, consider finding a part-time job that suits your interests. If you have always enjoyed wine tastings, consider working at a wine shop. Do you have a period of history you research in your spare time? Consider working at a museum.

  1. Launch a Business

Time has a way of changing our interests and goals. Life changes, and we change with it. Many start out on a career path, but fail to enjoy the job as much as they had hoped. Retirement could present the opportunity to pursue a business you are passionate about. In fact, your age means you possess experience, an extensive social network and the working knowledge necessary to make a business venture a success.

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  1. Share Your Knowledge

Your years of experience could not only bring in additional income, but also help to educate the next generation. Were you a business executive? If so, you could serve as a mentor to a business startup or a coach to small business owners. Were you a teacher? You could spend time tutoring children in math.

  1. Pursue a Hobby Job

If you enjoy making crafts, baking, sewing or woodwork, you could easily turn this into a job. Make your items, create an online shop and then sell your wares online. Many people seek items that are unique – your crafts may be just what they are looking for. If you would like to test your product first, share it with those closest to you, ask for feedback and build some word-of-mouth.

  1. Become an ISO Agent

Becoming an ISO cash advance agent for a provider like First American Merchant (FAM) allows you to offer great business solutions to clients and work with one of America’s top lending providers. This position gives you the opportunity to receive a commission for each referral you make (the commission amount is agreed upon before the broker agreement is signed).

All these options provide you with a means of making a little extra cash – without cutting into your leisure time too much. You can make sure you have the cash you need to be comfortable, while also enjoying the finer things in life.

Business Funding expert, Nathan Hale, founded First American Merchant with his eyes set on helping the backbone of our country, small business owners. His passions include writing/producing music, and travel. First American Merchant isthe best ISO cash advance company, serving both traditional and high-risk Businesses.