Whether you’re simply looking to build up your pension pot or you’re starting to feel concerned about the financial restraints that come with finishing work, finding new ways to earn some extra money for retirement is a concept many pensioners consider.
Luckily, there are plenty of methods you can look into to subsidise your income. Below, the forex education experts at Learn to Trade are detailing their top 3 ways to make money in retirement – helping you boost your savings to pursue the retirement you always envisioned.
Take Part In Market Research
Participating in market research – through group meetings or online surveys – is an easy way to make a little extra money in retirement. Market research companies are always on the hunt for eager individuals happy to help them by participating in studies and are willing to pay up to 970 rand for a couple of hours of your time.
Not only is this a good way to source some extra cash, but many studies are interesting and varied – encouraging you to learn new things and discover interests you may never have known you had.
Work Independently On A Part-Time Basis
Whether you’ve decided to use your retirement as an opportunity to finally pick up the crafty hobby that you’ve never previously had time to invest your efforts in, or you’ve always wanted to learn a new skill but felt you couldn’t dedicate the time needed to properly learn how, now’s your chance! And, what’s more, working on a part-time basis at home will give you the opportunity to contribute your earnings to your pension fund.
A perfect example of one way you can make money from the comfort of your own sofa is learning how to trade forex. As an easily accessible market open 24 hours a day, 5 days a week, due to technological advances in recent years it has become increasingly easy to take this up as a part-time career – allowing you to learn a new skill while potentially earning some extra income around your busy schedule.
Consider Renting Out A Room
For those of you who currently have a spare bedroom not in use, why not consider letting it out and generating some income this way? Not only is this an effective and relatively stable source of income, but taking in a lodger will provide you with a regular friendly face around the house to chat to.
If you don’t have a spare room but do have a driveway, adequately sized garage or similar storage space, you could consider renting this out to commuters or those in need of a little extra space to store their bikes or work equipment.
Whether you’re looking to boost your retirement funds or just want something to do now that you have some more free time on your hands, we hope you can see that there are plenty of options out there for you to make some extra money – easing financial pressures and allowing you to sit back and enjoy what you’ve worked so hard all those years for.
John James is a content writer for Learn To Trade, the foreign exchange education and learning specialists – offering a range of training courses to help people understand the currency trading market, as well as its opportunities and risks.