Entering retirement does not mean that you have to give up on creating sources of income. In fact, there are plenty of ways to stay active and open alternative streams of income after your finish working. For one, you can rent out your home if your travel using sites like Airbnb or Zillow. You can also cash in on any lucrative skills or hobbies that you enjoy. Other options to achieve alternate sources of income include renting your car, selling your clothes, or borrowing a loan against your insurance policies.
Key Takeaways:
- Retirement is your time to relax and not worry about alarms, it’s better if you have enough saved up.
- There are other ways to have additional income, like there is probably money laying around your house in the items you no longer use.
- Your car is also a reliable money maker, you can use your car to drive through uber or lyft.
“There’s a lot of value tied up in your home, and a variety of ways to turn that value into cash. If you don’t mind giving up some privacy, you could rent out a room on a long-term or short-term basis.”
Read more: https://www.fool.com/retirement/2020/09/20/6-unexpected-sources-of-retirement-income/
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