Retirement is for enjoying, no question about it. You’ve spent your whole life working towards having the financial freedom to retire and enjoy your life in the peace and quiet. The kids have left home, and might be having kids of their own; you might have less energy to get up and go. The idea of going ‘back to work’ sounds ludicrous, and so it should – you’ve earned this retirement.
Yet in this modern world, there are increasingly simple ways to make money with minimal effort. That might sound like a scam – how can you make honest money without working hard for it? Read on to find out three ways to top up your bank account, even after you’ve retired.
Investing your money can be risky, but with the right research, investing is extremely rewarding. Since the invention of cryptocurrency, there are so many different avenues to go down when it comes to investing. There are now online platforms on which you can trade BTC, XRP, ETH and more. When you invest online, your money does all the work for you – minimal effort, maximum reward.
Although there are dangers to investing, seeking advice from professionals and taking well-planned steps will lead you in the right direction.
Getting in the second-hand business
Do you have a garage full of unused, unwanted objects? Do you wish you could clear out your house, de-clutter and have more of a tidy space? Good news. Using the internet, it’s easier than ever to sell your unwanted things. Even if you aren’t sure your old things are worth much, it’s worth taking a look online. Certain posters, stamps, cards and artworks from years gone by can be worth a surprising amount if you find the right buyer. If you’ve got old analogue cameras, record players and records or branded clothes, even better!
If you’re unsure on how to use the internet for selling purposes, ask a younger relative or friend. Selling or donating your old things online has become second nature to the younger generations, and they’ll surely help you find the right place to sell.
If you’re looking for a more substantial investment, getting on the property ladder is a great move. If you’re still living in your family home, it might feel empty nowadays – and there’s a solution to that. Although leaving behind your home where you raised your kids can be emotional and daunting, don’t worry. Passing on your home to a new family who will make their own lives there is one of the most satisfying things you can do.
On a financial level, this is also a very wise move. Downsizing to a smaller, modern, compact home will not only help you live within your means, it’ll put money in your pocket. Selling your family home in exchange for a home half the size leaves you with a great pay packet at the end. Plus, it’s a chance to have a fresh start, which even after sixty, is never a bad thing.