8 Easy Ways to Make Extra Money in Retirement

By: Guest Author

Published: July 14, 2020

Written by Anna Stinson -Guest Contributor

There’s a reason why many people refer to the years spent in retirement as “golden years”. This is really an amazing part of our lives we get to spend however we like. However, many people tend to feel a bit overwhelmed with all the free time they now all of a sudden have. Not having to work anymore may leave some people confused. Others feel like they don’t know how to fill their days.

Luckily, just because you’ve retired, that doesn’t mean you have to stop working. Look at it this way instead: now you have more free time to do all of the things you once didn’t have enough time for. This is also an excellent opportunity to devote more time to your favourite hobbies. And even potentially earn some extra money doing so. That said, here are some easy way you can earn extra money in retirement.

Earn extra money by renting your space

If you have any extra free space in your home you can earn some extra money by renting your space. With platforms like Airbnb, you can easily find interested parties. This is a particularly good idea for people living in “touristy” places. However, even if you’re not, you can still give it a try. You’ll be surprised to see just how many people are interested in alternative accommodation. Depending on how far you want to go with your services, you can simply rent out the space. Or you can choose to offer meals and other perks as well. So, register to Airbnb, advertise your space for rent and enjoy the extra money that will surely come your way.

Try international housesitting

Alternatively, nowadays, it is possible to travel the world and still make extra money. Since most people usually like to go travelling once they retire, you can do so as well and try international housesitting. This is a great concept where people all around the world are looking for reliable house sitters. And most of them feel far more comfortable leaving their homes in the hands of someone responsible and serious. This is not just a great way to earn extra cash. It’s also a great way to kill two birds with one stone.

Sell your photographs

If you’re someone who enjoys photography and you have a real eye for this form of art, why not sell your work? There are plenty of websites that are looking for either stock photography or something a bit more targeted. By registering to them, you can easily sell your work and earn some extra cash. So, get your camera ready and start snapping!

Make extra money with copywriting

When it comes to copywriting, many people feel somewhat intimidated at first. However, in reality, you don’t need to be the next William Shakespeare in order to become a copywriter. As the name itself suggests, you’ll be, more or less, simply paraphrasing useful information that already exists on the internet. With so many businesses always looking for content, you’ll easily find work if you choose to take this route. Besides, this type of job will even help you learn some new things, as you’ll be exploring plenty of different topics.

Give blogging a go

On a similar note, if copywriting doesn’t sound appealing, you can always try out blogging. The fact of the matter is that you can make some real cash blogging. What’s more, to some people, this is the sole source of income. By finding a topic you’re either really passionate about and concentrating your content around it, you can truly make a pretty penny. Ensure that you’re genuine in your posts and that you really write from your heart. Use your own words to express yourself and always be authentic.

Try affiliate marketing

Moreover, there are some amazing ways you can monetize your blog, and one of those ways is affiliate marketing. So, for instance, if your blog is dealing with topics related to novels and book reviews, you can become an Amazon affiliate. This way you can familiarize your followers with some amazing things from this industry while still writing about the things you enjoy. Realistically, finding a good affiliate program to join is truly a win-win scenario. Of course, don’t forget to stay honest and genuine.

Sell your handmade products

Thanks to the power of the internet, you can now join all the microbusinesses out there and create your own store on Etsy. If you’re a crafty person and like making things, you should definitely see if you can sell them. Chances are you’ll find interested buyers sooner than you think. No matter if you’re good at knitting or you enjoy making fishing lure, you can certainly sell your work online. Simply register to a platform, such as Etsy and promote your products. This is an excellent way to earn extra money while doing something you already love.


Finally, if you have a sense of adventure, you can give investing a go. Once you’ve managed to set aside a certain amount, it’s time to make it work for you. Aside from being the most common ways of making extra money, investing comes with a set of risks as well. To be sure you’re making all the smart moves, take some time educating yourself on the exciting world of trading. Begin by learning all the major trading terminologyto make sure you’ve got the grasp of the key concepts of the markets and how they operate. Take a page from the most successful investors’ book and devote the majority of your time studying the potential investments, before making the move.  

Just because you’ve retired, that doesn’t mean you need to stop working. If you feel like there’s plenty more you can do, find a way to earn some extra money and start doing it today.

Author bio:

Anna is a tech writer and researcher interested in startups, web development and business innovation. She is passionate about motivation, self-development and yoga. A recent hiking enthusiast, she enjoys exploring new trails and breathtaking views.

The views expressed herein this article, written by a guest contributor, do not necessarily represent those of the Red Hot Mamas organization. The content is for informational purposes and should not substitute the advice of your doctor.