As I was preparing for this post, I saw Prudential’s 2016 retirement study stating that 54% of Americans nearing retirement age have no idea how much money they will need for those 20 or 30 years after retirement.
The study also states that 54% of them nearing retirement age have only $150.000 retirement saved for retirement; this is nowhere near enough cash to live on for 20 or even 30 years of retirement.
As life expectancy increases, it has become more critical than ever that we have a financial backup plan that will aid in supplying added funds to our retirement income.
As a retired boomer myself, I know the concerns of the rising cost of healthcare and as we age, medical issues tend to be more frequent, and these issues are largely unavoidable.
Some seniors will need long-term care.
An estimated 70% of seniors will need long-term care in their lifetime, and the thought of this is causing valid concerns in the boomer generations.
And this is where a part-time income can help improve your retirement savings.
There are many things you can do in retirement to earn some added cash, your many years of hard work and experience, no matter what field you spent them in, can still be valuable once you retire.
But now, instead of working for someone, you will be working for yourself; you will be your boss.
You can turn your hobbies into a business or something you are passionate about.
You can pass on the knowledge you have gained over the years you have spent working with others. You can do this by making training videos and blogging about it; you will also be able to advertise for companies selling things in your niche, making it more profitable. If that is something you would like to try, you can be taught how by joining Wealthy Affiliate for FREE.
I have listed some ideas to help you generate some additional income working online.
If you have visited any website, you have seen Google ads. These ads are everywhere, they are easy to set up on any primary website, and at Wealthy Affiliate, they will go through the process of setting ad sense step by step to your website; this ad can be lucrative once your website starts bringing in a steady amount of traffic. Google will track your page views, traffic, and earnings on your behalf. There is no upkeep or maintenance to get this thing going, making it a profitable venture if you already have a website.
Most of the opportunities to earn online require a website at Wealthy Affiliate; you can have one built-in in 30 seconds and it will be a beautiful looking, mobile, and revenue ready website with State of the art, ultra-powerful, and secure hosting.
Affiliate marketing is one of the most popular ways people make money online. It is a strategy where an individual partner with a business to make a commission by referring readers or visitors to a business’s particular product or service.
You will be given a link to put in your post on your website by the company whose goods you are promoting. From there, you’ll make money any time someone buys a product or service through your link. It would be best to promote the products on your website.
There are also affiliate networks like ShareASale and others; these networks have many affiliates in one place.
If you have any skills you can teach others, it’s also possible to set up an online course you can market online. Or, if you would like, you can offer your services to tutor individuals online, which can also be done. You can blog about your services and get customers that way too.
Many subjects can be taught online, from cooking to marketing or freelance writing.
You can write and publish your e-book; you can write an e-book for many things and entertainment. Or education, you can publish your e-book in many places, but Amazon is a top-rated site for publishing e-books. And you can sell them on Amazon too.
If you have writing skills and creative talent, it’s also possible to get paid to create online content.
Some bloggers are willing to pay someone to write their content for them. You can advertise your skill on Fiver or Upwork.com by networking with people who may hire you, and delivering high-quality content 100 percent of the time will keep you very busy.
I have mentioned just a few of the ways you can make money online; if you do not already have a website, and even if you do and would like the best training there is, I am inviting you to become a member of Wealthy Affiliate,
Wealthy Affiliate is for every online marketer; whether you are spanking new or have some knowledge, you are a super affiliate Wealthy Affiliate is for you, and you can become a member for free.
Earning extra income is not just for boomers alone. Still, it is for everybody, the stay-at-home parent, the college student who wants to earn extra to pay tuition, or the soon-to-be-retired who is concerned about the cost of living will affect by a cut in their income.
I would encourage you not to look at the glittering objects like some ads saying you can earn $500.00 per day at the start (not a good scam alert). Yes, you will be able to make that and more, but it takes time: patience, and much effort.
At Wealthy Affiliate, there are two levels of membership: free membership and a premium membership; the free membership never expires, but there are a lot more information and tools available in the premium membership.
With the free membership, you will get ten lessons from the Online Entrepreneur Course
and at the end of these ten lessons, you will have a beautiful website ready for your great content and open for business.
I recommend you upgrade to premium, and this membership has so much more to offer, as you can see from the list of what is provided in both memberships.
At Wealthy Affiliate, you have a company that teaches today’s online marketing, a company with a vision to help people genuinely help people achieve success in business and life.
A company dedicated to helping others become great and achieve true financial independence. You will be learning from the very best in the business.
And the price for the premium upgrade is very reasonable; it’s $49.00 per month, and if you upgrade within seven days of joining as a free member, you will get the first month for only $19.00; you can also choose to pay yearly and receive a significant discount.
There are several ways to make money online, and I have just listed a few. It is essential to have a website up and running. Remember, success is no accident; it is hard work, perseverance, learning, studying, sacrifice, and a love for what you are doing.
With this in mind, the possibility for you to be able to build an online income stream — or several — if you give it enough time is good.
But don’t just take my word for it. Try it for free you have nothing to lose and everything to gain.
One day you could even create a success story of your own. But you’ll never know unless you try. And you can join for free. If it’s not for you-you would have lost nothing.
Thank you for taking the time to read this post. I appreciate it very much; please remember to share this post, and if you have a question or a comment, please leave it in the space provided at the bottom of this post,
NOTE: This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).