With more of us living longer than ever before, the only limit to the fun we can have in our retirement is often financial.
Well, the good news is that there are plenty of fun hobbies that you can do to earn extra money after you stop work.
These are the best hobbies for seniors to make money to supplement their pensions with.
We do it, why can’t you?
This isn’t us being facetious by the way, blogging is a big deal. If you’ve got some sort of skill that you could share with the world, the internet has an audience for you.
And what’s more, you can get paid for sharing your skills. You can sell products, courses, etc. You can allow advertisers to place adverts on your blog. It’s not even hard to learn!
Don’t waste your time with stock photography, the stock photography libraries of today pay next to nothing.
It’s typical bad advice from people who’ve never held a camera to encourage you to spend your retirement shooting stock.
Instead, specialize in photographing kids, pets, landscapes, weddings, or something similar and then sell your work to clients. It pays much better.
Graphic designers can easily make money while they improve their skills. In fact, since the advent of Canva, it’s never been easier to learn graphic design skills too.
A good carpenter is hard to find and because of that, people will pay a good carpenter a ton of cash when they need one.
If you’ve got a workshop at home and some awesome practical skill, your hobby could be earning you thousands a month, if you wanted it to.
If you can play, then you can earn as a musician and we don’t mean by going on tour (unless you want to and there’s a demand for you, in which case, go for it).
You can teach music locally to you and it’s easy to earn upwards of $25 an hour for private lessons in the comfort of your own home.
Whatever kind of craft you’re involved in, there’s a buyer out there that’s going to love your work. While it was once a challenge to find these buyers, today, it’s easy.
All you need to do is head over to Etsy.com and get yourself a seller’s account. It takes almost no effort to set up an online store to sell your creations globally!
Trading (Buying and Selling)
If you can buy something cheaper than somebody else will pay for it, then you can make a profit by doing so.
This is the basic premise of business throughout history and has nothing to do with day-trading (which will, eventually, bankrupt you).
All you need to do is head over to eBay or take a walk around your local thrift store or charity store and look for bargains (and there are many).
Then learn to write a good description of an item and take a decent photograph of it and you can easily sell it on eBay. Then sit back and count the profits.
Yes, baking! If you’re a star in the kitchen then you can easily turn your cakes into cold hard cash. The easiest way to get started is to use Facebook Marketplace.
You can advertise things you’ve baked for same day delivery, or get cunning and put up photos of things that you can bake and see if they sell. There’s a huge market out there for tasty baked goods.
Antique collecting is not the kind of hobby that you rush into, it takes some study and understanding of the market to succeed.
But a wise collector can find pieces that will appreciate in value very rapidly and make a small fortune turning around a few items each year.
It’s one of the most educational hobbies out there too.
Upcycling And Reselling
Got no money? Don’t worry. All you need is some junk and you can start making stuff to sell from it.
Old bottles, discarded plastic, torn clothes, they can all be repurposed and given a new lease of life as new creations.
Learning to upcycle and resell stuff is super profitable and it’s kind to the planet.
Final Thoughts On Money Making Hobbies
So, there you have it. You don’t need money or a ton of equipment to get started making money from your hobbies.
There ought to be something there for everyone to enjoy and make money at, why not get started, right now?
Need more ideas for making a dollar?
Check out our list of unusual hobbies for seniors, the best stress-free jobs for seniors and the most profitable jobs for seniors for many more ideas.