Many seniors are constantly looking for ways to boost their retirement income. The pressure to have a comfortable retirement, an unpredictable economy, limited savings, and lack of investments all contribute to them wanting to improve their income stream.
According to an International Living report, technology has opened new doors of opportunity for seniors to earn online. The report highlights the best ways to earn an income over the internet, especially for gigs with required skills that qualified seniors already possess. With many businesses looking to fill in positions in expertise areas like content writing, business consulting, or graphic design, there are many online gigs for seniors to choose from.
Side-hustles online as retirement income booster
Seniors often hesitate to get online gigs because they don’t think they have the right skills. Actually, they have an advantage as freelancers on the job platforms available online today.
Seniors have been practicing completing work on time and achieving project goals. They are effective in communicating in both speaking and writing. And they have depth of knowledge and experiences they can bring to specific subject areas.
With those attributes, you can be a valuable freelancer for the following areas which would make a good starting point for you to earn online.
Before, retirees were not familiar with smartphones, computers, social media, or remote working. But with technology constantly evolving, the way we work has changed significantly.
Businesses are looking to outsource all sorts of jobs, from easy to odd tasks. If you could do things such as to run errands, assemble furniture, or clean homes, Airtasker can put you in touch with various clients. You just have to register, provide basic information, upload your profile photo, and pitch for tasks with detailed experience and abilities.
Never underestimate the power of social media, though. A simple post on your Facebook page can result in some jobs through family and friends.
Crafting and art design
Practicing craft or an art form offers many benefits to seniors. Aside from being a hobby and potentially a source of income, it can help ease the sense of lacking purpose that often comes when you’re not working anymore.
With an online teaching platform, you can work from anywhere with your flexible schedule either part-time or full-time. Teaching online is a smart and fun way to build a portable income. To get started, make your queries with online tutoring companies like A Team Tuition and The Tutoring Company.
Stock photographs are generic pictures that you see in magazines, brochures, billboards, posters, websites, and different advertising. Usually, these pictures may have a specific topic of focus, but are universal enough to be used in different contexts.
The images can be sold over and over again, so that’s an easy source of income for seniors who can take a decent photo.
Using the ASAG Reverse Mortgage to supplement your retirement income
At ASAG, we support our Australian customers who are about to enter retirement or already in retirement by offering our equity release facility to help supplement their retirement income. One in particular is the ASAG Reverse Mortgage.
The purpose of acquiring the ASAG Reverse Mortgage is to give you access to the wealth that’s built up in your home without selling it. There’s no ongoing payments involved with the loan because it is paid off when you permanently leave your home, either you downsize, move to residential care, or pass away. The funds can be used any way you see fit, which include a boost to your income for your Day-to-day Expenses as you retire.
Our team at ASAG can assist you with more details on how our reverse mortgage works. Our lines are open on 1300 002 724 and at firstname.lastname@example.org so you can contact us or send your enquiries about our equity release facility.
To get started, you may also use our free tool below to assess the available equity in your home.