Extra $740 Income: Retirement can be most difficult to the seniors who do not have sufficient amount for their personal expenses such as medical treatment, grocery items, household purchase etc. However authorities are providing monthly pension to the Seniors to fulfill their basic needs but it will limit their desires and they cannot follow their hobbies or purchase any expensive item due to lack of money. So today we are sharing with you an strategy which is very beneficial for retirees or seniors where they can earn more money from multiple sources such as freelancing, micro business etc along with the regular social security income.
Social security administration benefits
Social security administration is providing monthly financial assistance to the seniors in the country who have crossed the age of 67. However the rates of the SSI payment is decided according to income condition of the applicant, but individuals Can get up to 740 USD or more according to the condition. Apart from the maximum payment, if any individual delay their pension for up to 70 years then they will get additional benefits and can earn up to more than 1000 USD per month. So if you are living in USA and have crossed 67 then you can easily apply in SSI program and can earn a monthly pension accordingly.
Use your extra space
Most of the students who are temporary living in the state for their educational purpose are searching for a rental house where they can live during their course duration. So if you have any extra space in your house then you can use it for rent and can earn a good monthly income from it.
Apart from renting a house, you can also start a private parking services in a crowded City where People are looking to park their vehicles near their houses. this service business will be helpful for those who have a large space do not have sufficient fund to build any house on it so that can use it for the Parking service.
If you are living in a tourist Place and have a good view from your house then you can also serve your extra rooms and property as Airbnb Where you will get up to 25 USD per night for a room accordingly.
Haryana Nirvaah Bhatta Yojana 2.O : अब मजदूरों को हर सप्ताह मिलेंगे 2962 रुपए, जानें पूरी प्रक्रिया
Indians in the US to Get Automatic Work Permit for 540 Days Starting January
Freelancing services
Freelancing is very good opportunity for skilled person which does not limited to the age and seniors can also earn from it. There are many online performs which are working as a mediator where you can find the client for the particular skill and can sell it. Upwork and Fivver are most common Platforms where you can register yourself and sell your skills. The following are the most searching skills on these platform Where freelancers are learning a good amount per month:
- Web designing
- App development
- Creative writing for blogs, articles, copywriting etc.
- Excel file management
- Word document correction
- App Testing etc
Online teaching
Online teaching is one of the best opportunities for seniors who have experience in teaching fields and can start their tuition services after retirement. Parents are offering a good tuition fees to educators for different subjects including mathematics, social science, science, economics, business study, Engineering topics etc.
Start Crafting business
The handicraft items are also one of the most purchased items on internet under the home decor category where people who have specific skill to craft a product can usually list their products on online platform and also sell it on social media platform. Handmade crafting items are starting from $30 per item and the price can be increased according to the design and material used in the items. So if you sell 20 to 25 products in a month then can easily save up to 600 to $750.
Ladki Bahin Yojana 3.0: तीसरा चरण प्रारंभ, इस तरह भरे लाडली बहना योजना के फॉर्म
Participate in seasonal jobs
There are many Agencies and organisations which are offering seasonal jobs to the seniors so they can participate in these jobs and manage their financial expenses accordingly. If you have a good understanding of the tourist place then can work as a tourist guide agent and can charge a good amount from the client by providing guiding services in a specific season. Companies are also searching employees for their data collecting projects where they are providing Research papers and survey papers. you have to submit the survey and after that they will pay you a good amount according to your reviews.
So there are many opportunities for seniors who have skills and want to earn a good money after the retirement where they need to firstly enroll in SSI program and after that can engaged in freelancing another part time job activities.
