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When looking back on your career, do you wish you could have had more fun while saving for retirement? Now that the workload has lessened, take the chance to re-discover your passions while adding more funds to your savings account. According to Gallup’s annual Economy and Personal Finance survey, conducted in April of 2013, 37% of non-retired Americans expect they will continue working well past the expected retirement age of 65. Having an enjoyable retirement job can earn you extra money and give your fixed income a cushion.
Since you are no longer spending hours a day in the office, take advantage of being outdoors and plant produce you can sell at a local Farmers Market. Crops such as corn, tomatoes, and green beans are usually low maintenance and can yield a big return during the summer months. Plus, saving this extra money for later in a high-interest savings account, such as a personal money market account, can help pay for vacation next year.
Become a consultant
Just because you are no longer working 40 hours a week, doesn’t mean you should stop using your professional skills. Businesses of all sizes hire contractors to do consulting work on a project need basis. Utilize your network of contacts to secure freelance opportunities. If you enjoy doing hands-on training, you can also contact local schools, colleges and business organizations for lecturing opportunities. For example, depending on your area of expertise, you could be a guest speaker at a marketing conference or recount what it was like to work in a large architecture firm.
Sell your crafts online
Do you love wood-carving or painting, but rarely had the time for it when you worked a full time job? Order supplies, take a refresher course and set up a new work space at home to channel your inner artist. You can then create an online shop to sell your handy work for a profit. You may be surprised to find that your artwork is just what a buyer is looking for.
Start a new business venture
As a retiree, you’ve worked hard all your life. If your time in the workforce wasn’t spent in your dream job, consider starting your own business and open a bakery or an auto repair shop. You may qualify for a business loan that can help pave the way for your ideal retirement job.
Get paid to shop
If you like to try new restaurants or shop at new stores, you may be able to get paid to do so by becoming a mystery shopper. Some companies provide market research to their clients by employing individuals to shop at a store and report back on the service. Opportunities are available across the U.S., and typically an application is required. And, if you want to recommend the new places you visit, try contacting your local newspaper about writing reviews or blogging about your favorite spots.
Whatever your retirement job may be, it’s important to have fun while adding to your savings account. Now is your chance to enjoy a slower pace of life, so take the time to do what you’re passionate about. Choose a hobby you not only enjoy but can also make you money, and watch your retirement savings grow.