Have you considered how you could boost your retirement income?
Some people consider retirement is when income and career stop…dead! Many have never considered that they could earn retirement income. Life after retirement is supposed to be stress free but it may turn out to be the most stressful time of life for many because they don’t have enough to live on comfortably, or fear that they are running out of money.
Post-retirement life is supposed to be all about enjoying your life, but it is very difficult to enjoy a great lifestyle if you are struggling financially or worried all the time.
People who have chosen a traditional retirement often find it difficult to maintain a sense of purpose and find enough intellectual challenge in their everyday life.
Choosing an income-producing retirement gives you all this in abundance!
Retirement Income Planning
There are many easy ways to earn an extra income after retirement. The internet is quite an interesting option that has created a stable income for many, so much that there are some who have gone on to even become millionaires. So long as there is internet access and reasonable knowledge to work on the computer, anyone can make money online. Working from home is both convenient and rewarding. It helps to supplement the retirement income. Although there are legitimate business opportunities, you should also be aware of online fraudulent activities and companies that promise the world and deliver very little.
Working online is our favorite method of creating a retirement income. We will be sharing stories of people who have changed their lives by trying a new venture. The biggest changes are not just financial though; it’s the revitalization of spirit and the sense of personal fulfillment that we have noticed.
5 popular strategies are
- Selling your own products eg Amazon, Etsy, Ebay
- Selling information based on your own expertise – Ebooks, Membership sites
- Selling information based on other people’s expertise – Private label rights and training programs
- Affiliate marketing – promoting other people’s products
- Using your own professional experience to offer services – Consulting, mentoring, coaching, counselling
Jobs after retirement
Perhaps you want to get a new job to earn retirement income. The job you do might help you both monetarily and emotionally. Consider following your own interests as well as your skills and past experience for your “encore career” .
Using Your Skills
Starting your own business will not just give you retirement income but also caters to your personal interest. You may want to start a catering business if you have an inclination towards cooking or take up teaching a skill which you enjoy, or become a consultant in your area of expertise.
Whatever you decide to do you will need to develop some online marketing skills or pay someone else to do your marketing for you. The old ways of promoting your services rarely have the same level of results.
There are so many options available to earn that extra income after retirement and all it takes is a decision to find out what is most suitable for you, then guidance to make it happen.
Use our Professional Guide “Create A Future You’ll Love” to consider what you want for your future lifestyle, and then visit BoomersNextStep to request a copy of our free book “Rethinking Your Future”.
Enjoy planning your retirement, grab these books!