With the cost of living rising daily, some of us find it difficult to survive on a social security income.

Living on an unsustainable income is hard, and if you need more income to cover your living expenses, you could rack up expensive debt that constrains your cash flow even more.

Living on too little income is hard enough when you’re working, but it’s unsustainable in retirement.

Too many Americans are feeling this pressure. Studies confirm that many pre-retirees don’t have enough savings to support a comfortable retirement.

And while Social Security might help, most savers know it’s not to be a sole source of income.

According to a survey from Schroder Investment Management, 67% of respondents did not believe their monthly Social Security benefit would be enough to live on.

Of course, knowing that Social Security won’t be enough and being able to address it are two different things.

For example, if you’re already close to retirement, saving up $1 million fast to supplement your Social Security benefit is unrealistic.

Instead, you’ll have to be resourceful about your income streams to make the situation work best.

2. Passive income

Most of us will face health problems later that affect our ability to work. That’s why passive income is so appealing for retirees: The money keeps rolling in, no matter what.

Typical passive income sources include dividends, real estate and rental, and business income.

Unfortunately, these mostly require cash investment up front, which is the very thing you don’t have.

Granted, a business venture that takes off could easily out-earn a stock market investment, but you also risk losing all your money.

In this digital age, however, you can generate passive income in less traditional ways and with considerably less risk.

Some options include renting out a room in your home on Airbnb, renting your garage on JustPark, or renting your unused basement or attic as storage space on Storemates.

You could also start a blog or sell your photography to a stock photo website like Shutterstock.

3. Part-time work

If you’re comfortable working with technology, a remote, part-time job could be the right option in your earlier retirement years.

Try job sites like FlexJobs, and We Work Remotely for remote customer service roles, teaching and tutoring jobs, data entry positions, bookkeeping opportunities, and more.

4. Gig work

A part-time job should provide a steady paycheck but comes with the responsibility of working regular hours.

If you’d prefer to set your schedule, you could supplement your retirement income with gig work instead.

By definition, gig work is flexible. You decide what projects to accept and when to complete them.

Fiverr and Upwork are two popular gig work websites where you can promote your skills as a freelance writer, graphic designer, quality assurance specialist, accountant, computer programmer, and more. You could also outsource your skills as a handyman, mover, housekeeper, delivery service, or personal assistant on TaskRabbit or Thumbtack.

Get creative to generate income.

Social Security is your retirement safety net, but it needs to get the job done with others.

If your savings don’t fill the income gap, get creative about generating income through assets you already own or skills you have.

It may not be the retirement you dreamed of, but it’s better than skipping a mortgage payment or reaching for credit cards when the budget doesn’t balance.

You could also make money online, and there are different ways to make a living online.

Here are some ways to make money using the Internet

• Drop Shipping

• Online Video

• Information Products

•  Blogging

• Affiliate Marketing

Drop Shipping

With an online drop shipping business, as a small business owner, you don’t have to have any inventory whatsoever of products or handle any delivery to your customers.

Be sure to work with a company specializing in drop shipping.

There is no financial cost and risk of having a warehouse full of stuff you might not sell and the hassle of arranging to send orders worldwide. You don’t have to manufacture or store any products at all.

Your only focus is marketing and advertising to find customers and make sales. Once there is a sale, others handle everything else. Your only cost is marketing and advertising to acquire a new customer.

Online Video

Create helpful content—something engaging that people want to watch. It could be a how-to video or a talking-head video on a topic of interest for people in your niche—the sky is the limit.

You make money with ad revenue. Your first step is to create a YouTube account and start uploading videos.

Then you enable monetization on your YouTube settings, which gives Google the go-ahead to include short AdSense ads with your videos; When viewers click on those ads, you get paid.

Creating professional-looking videos (no expensive pro equipment needed):

• You can use your smartphone or a simple video camera. But make sure the lighting is good so that everything in your video is clear and easy to see.
• Make sure the audio is clear. You don’t want an air conditioning hum, construction noise, or other distractions.
• Use simple editing software like iMovie to put titles at the video’s beginning and edit out any flubs.

Above all, remember that your videos can be simple and don’t have to be slick. Just provide valuable content and be engaging and interesting. Funny helps, too.

• Information Products

There’s no shortage of ways to create information products, but the most popular formats include:

• Audio: a recorded teleconference, interview, course, or some other spoken-word product
• Video: a recorded webinar, a how-to, an interview
• Text: an ebook, an instruction booklet of some sort, a travel guide

In each category, you can get creative and make any type and format of content as long as it’s engaging and valuable.

Blogging

A  blog is a website where people can post their thoughts and opinions on various topics. A blog is an online journal where you can share your expertise and ideas.

A blog MOSTLY focuses on written content (popularly known as blog posts). Blog posts are in an informal or conversational style.

A blog can be about any topic but primarily focused on a specific niche, such as fashion, beauty, lifestyle, food, travel, parenting, finance, etc.

You can also add pictures and videos to your blog and share links to your posts on social media sites such as Facebook and Twitter.

Once you have an audience or generate traffic from your blog, you may be able to make money from blogging in various ways, including;

• Selling affiliate products
• Selling your products
• Using display ads such as AdSense, Mediavine, Media.net, etc

• Affiliate Marketing

• Affiliate marketing is an advertising model in which a company compensates third-party publishers to generate traffic or leads to the company’s products and services.
• The third-party publishers are affiliates, and the commission fee incentivizes them to find ways to promote the company.

Affiliate marketing is a marketing scheme in which a company compensates partners for business created from the affiliate’s marketing tactics.

• Of all the proven ways to make money online, I prefer affiliate marketing.

Affiliate marketing offers you the chance to make money online by promoting affiliate products – physical products, digital products, and services by referring people to the seller’s company website.

You will receive a specific commission once the customer completes the process of accepting the offer through your unique affiliate link.

This type of marketing approach continues to grow in popularity because it is advantageous to both the seller and the consumer and is effective.

In most cases, you’ll need a lot of money to start your business. However, with affiliate marketing, it’s different; you can start for free.

To start affiliate marketing, I recommend getting some training in the ins and outs of affiliate marketing.

Who Can Be A Successful Affiliate Marketer?

Anyone Can Be a successful affiliate marketer. Approximately 4 BILLION people are using the Internet; it doesn’t matter where you head online or what topic; there are people you can connect with to create your business online.

 Requirements needed for online marketing.

There are no requirements to have technical experience or online marketing experience.

Everything related to online business is on the proper training platform.

Here is a diagram of how affiliate marketing works

And you must develop and nurture your audience, answer any query or comment they may have, and connect with them on social media channels. Respond to their emails.

You must communicate with your audience and develop that relationship and trust over time.

You may be reading this and thinking this is too hard, but you need not do this by yourself; some platforms will help you through the process, and one of them is a platform that I am a part of, Wealthy Affiliate.

Wealthy Affiliate is a platform built for every affiliate marketer; whether you are new, think you are too old (I am in my70s), or are a super affiliate with loads of experience, Wealthy Affiliate is for you.

WordPress power all Wealthy Affiliate websites, which is one of the best web hosting platforms today;

WordPress provides the web space and holds all our files on their computer so that our visitors can see them; it also makes blogging and building your website much more straightforward as they provide all the tools that are easily accessible.

Other platforms offer membership at a meager cost, and you can look around the forum for 14-30 days, and then you will have to upgrade.

Wealthy Affiliate

At Wealthy Affiliate, you can become a member for free. There is no time limit to being a free member; you will go through phase 1 of our online entrepreneur certification program, which consists of 5. lessons.

Your website will be ready for business after these ten lessons.

If you are thinking about how long you will be able to remain a free member, well, as I stated, there is no limit to your free membership,

I saw a member’s blog; he said he was a free member for 18 months. I cannot tell how successful his business was, but I recommend that you grade to premium if you want to learn all the ins and outs of affiliate marketing.

Here is a list of the two membership programs, and you can see the big difference in the tools and information provided.

If you are an experienced online entrepreneur, then you could stay on the free membership, but for somebody who has no experience, then I recommend a premium membership.

Membership Options

Affiliate marketing is one of the better ways to earn money online; it can be your income that will afford you to stop working the 9-5 grind, and it also has the potential of becoming a passive income earner for you.

So it is something new and seems overwhelming to you; anything new usually seems overwhelming at first.

With a platform like Wealthy Affiliate and its community, you will find a company that is up-to-date in all aspects of online marketing; its goal is to help people succeed in business and life.

On the Wealthy Affiliate network of over 1,000,000, people of every ethnic background and age range from 18 to people in their 80s and beyond.

Being a successful marketer has the beautiful feeling of being in control of your life, knowing you have created something that will bring you some security for you and your family; that is fantastic.

Successful Marketer

I am not saying affiliate marketing is a business you can set and forget; it is not a get-rich-quick idea. It will take hard work, perseverance, learning, studying, sacrifice, and discipline,’

At Wealthy Affiliate, you will never be alone; the entire community is there with you and are willing to give you a helping hand whenever you need it.

So give it a try, you can join HERE FOR FREE or on any link in this post, and I will be in touch with you and be your guide, so give it a try; you have nothing to lose.

Thank you for taking the time to read this post. I appreciate it; please remember to share, and should you have a question or comment, please leave it in the space provided, and I will reply ASAP.

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).

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