Home » Posts » Health & Lifestyle » Retirement Money-Makers: Turning Hobbies Into Cash
Shae Killey3 years ago

Make extra cash, doing what you love!

After working your entire life, retirement is all about taking a step back and finally getting the chance to indulge in your passions and hobbies, as well as discovering, exploring and (most importantly) relaxing. During your retirement, superannuation provides an essential financial safety net, but who couldn’t use a bit of extra cash? You can still spend your days working on your passions and hobbies, while getting paid! Here’s how…

Cashing In On Unique Skills

woodwork-elderly
If you’ve picked up a number of specialised skills throughout your working years, it’s time to cash in! Do you have a passion for creating different kinds of arts and crafts? You can sell your creations at arts and crafts markets or even on online stores such as Etsy. If you love growing fruits, herbs and vegies, then farmer’s markets are a great place to make some extra money. Other skills like woodwork, car restorations and cooking can also be monetised using the appropriate channels.


Get Paid To Share Your Knowledge & Experience

elderly-teaching-piano
From offering piano and guitar lessons, right through to teaching a foreign language, you can easily make money by sharing your specialised knowledge with others. Providing educational tutoring services is an option for more scholarly retirees. Sharing your specialised skills is a great way to keep occupied, while staying in touch with the community.


Potential Services

elderlytour-guide
Even if you don’t have a unique money-making passion to offer, this doesn’t rule you out from earning a little extra cash. You can always offer shopping, dog walking, aged care or babysitting services, which are easy, stress-free and great for getting out and about. If you’re interested in local wine, historical sites or landmarks, you can always ask around and see if there are any tour guide jobs available in these areas.


Out With The Old

elderly-garage-sale
Over time, you tend to accumulate a number of useless household items that do nothing but sit around and collect dust. Garage sales and websites like Gumtree and Ebay are a great option for retirees who want to clear up clutter and make money at the same time.


Remember…

When it comes to funding your retirement, every little cent counts. However, if you’re successfully turning your hobbies into cash, you need to be careful that this extra money isn’t reducing your government benefits. Speak to your local financial planning expert to make sure your hobbies aren’t depleting your retirement kitty!


If you need help planning your retirement, we’ve featured a couple of Port Macquarie financial planning professionals who’ll be happy to assist.


All Round Financial Service Pty Ltd

If you’re looking to achieve financial freedom during your retirement, book an appointment with the team at All Round Financial Service. Their services include:

  • Superannuation
  • Effective investing strategies
  • Financial planning

Don’t take a take any chances with your hard-earned cash and let All Round Financial Service help you achieve your financial goals. Visit their LocalSearch profile for a full list of their services.


Morgans

With more than 130 years’ combined experience in the industry, you can count on Morgans to provide financial advice you can trust. Their services include:

  • Superannuation
  • Retirement planning
  • Financial planning

Their knowledgeable team is committed to providing personalised and professional retirement planning advice. Visit their LocalSearch profile for more details.

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