Thursday, July 14, 2011

Income Generating Activities After Retiring

By Hannah Kester


People have to work two to three jobs sometimes most their lives to earn a living that is adequate enough to spend for the present and to set aside for their golden years during retirement. In recent years, people are having a harder time setting aside for retirement. Are you having this difficulty too?

Though retirement should be about taking it easy and enjoying the activities that make one happy such as traveling or taking up an old hobby, many find this not possible.

After retiring, people find they still have to continue working in so that they have enough money to pay for their daily expenses.

Having an alternative means of income is a smart move when you retire. It doesn't mean that you have to work at jobs you don't enjoy doing either. There are many options that allow older people to earn money while having fun at the same time.

One instance is to become a consultant. Consultancy work does not demand regular time to work. You can be a consultant on your free time and have a fulfilling feeling after extending help to others in connection with your expertise.

Another way is to start a blog to share tips and advice - for free. Once you get a consistent following, you can then sell ad space in your blog.

How about starting a networking business? The hours are flexible and the income is pretty lucrative if you put in the time and effort to market. You can even invite your other half and make it a team effort.

In this time of uncertainty, having more options to generating more cash flows will assure a better life today and secure the fun during retirement.




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