Hobbies Can Make You Money In Retirement

By Nancy Collamer
GOBankingRates.com

WWR Article Summary (tl;dr) Instead of picking up random jobs to fill your days, consider turning your hobby into a business or finding work in your field of interest. You’ll make a little money to pad your savings while practicing your passion.

GOBankingRates.com

After decades of hard work, you’re nearing retirement age and looking forward to long days spent outdoors, online and on the road. But, maybe you haven’t decided how to use up all that free time, or you enjoy the structure that work brings.

Continuing to work in retirement isn’t uncommon. A 2017 report conducted by the Transamerica Center for Retirement Studies found that 53 percent of U.S. workers expect to retire after age 65 or don’t plan to retire, while 56 percent intend to take on part-time work.

Instead of picking up random jobs to fill your days, consider turning your hobby into a business or finding work in your field of interest. You’ll make a little money to pad your savings while practicing your passion.

–– Teach what you love: Whether you’re a skilled photographer, chef or engineer, chances are you can find work teaching what you love. You can set up shop in your home, like your neighborhood piano teacher, or teach at a local adult education program or school.

Alternatively, you can become an instructor for online instructional platforms like Udemy. But, if you prefer face-to-face interaction, Craigslist is a good place to find tutoring work.

If you have a knack for editing video, YouTube is a great place for you to post instructional videos, product reviews and more. Although you won’t make a ton of money at first, successful YouTubers can rack in quite a bit off ads shown on their videos.

–– Sell your own products: In the past, crafty individuals had the opportunity to sell handmade goods only at fairs and farmers markets. But because of the proliferation of online marketplaces, you can now sell your creations worldwide.

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