This side hustle could earn retirees up to $225 an hour – see how to get started... - The US Sun

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Original source: The US Sun
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Published: Aug 27th, 2022
This side hustle could earn retirees up to $225 an hour – see how to get started... - The US Sun

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1 Running a costumed character business could earn you $225 per hour Credit: Getty While working longer to save up more can provide larger benefits, it isn't a viable option for everyone.
Entertaining as a costumed character During retirement, you start to realize how much free time you have.
Thumbtack explained costumed character services can charge by the hour or sell packages, and the rates can increase depending on where the event is and how many people will be there.
BEING able to live off retirement savings and benefits only isn't the case for millions of retirees.
Other side hustles Another great side hustle for retirees is survey taking.

This side hustle could earn retirees up to $225 an hour – see how to get started... - The US Sun

BEING able to live off retirement savings and benefits only isn't the case for millions of retirees. Money troubles don't end at retirement, and for many retirees, the issues can get even worse. 1 Running a costumed character business could earn you $225 per hour Credit: Getty While working longer to save up more can provide larger benefits, it isn't a viable option for everyone. Plus, working full-time while claiming Social Security could push you over the income threshold and reduce your payments. Picking up a side hustle for a few hours a week could be your best bet. Yahoo Finance rounded up some of the top side jobs for retirees, and one was especially lucrative. Entertaining as a costumed character During retirement, you start to realize how much free time you have. When the weekends aren't your only days to do things for yourself, you can spend them making extra money. Running a costume character service for parties and events can bring in anywhere from $175 to $225 per hour. Offering services like face painting or a storytime can earn you even more money. Thumbtack explained costumed character services can charge by the hour or sell packages, and the rates can increase depending on where the event is and how many people will be there. There are also peak times, like holidays, where you can charge more due to high demand. Service fees and transportation expenses can be factored into your price. You can also get tax deductions for what you pay out of pocket to get your business started. Other side hustles Another great side hustle for retirees is survey taking. This can be done on their own schedule from the comfort of their home. Money expert Mike - who runs the YouTube channel Your Driver Mike - shared how he made $1 per minute for an hour-long interview. On the site UserTesting, it's up to you to decide what you want to take the surveys on, but there are specific qualifications. The researchers will approve or deny your application based on things including your knowledge and interest in the subject. Once you're approved, Mike said the process of getting set up with a time and date to complete the survey was very straightforward. He spoke with the interviewer over Zoom and didn't even have to turn on his camera. The survey company issued his payment through PayPal seven days after the survey was completed. Another side hustle for retirees is selling your old things online. Once you hit retirement age, it's likely you've got a huge collection of things you don't use anymore. Mona Mejia was able to make $9,000 a week after spending three years building her business of selling things online through the app Poshmark. While it will take some time to start earning that much, you can easily make a few hundred dollars even when you're just starting out. A thrifty entrepreneur quit her engineering job at 24 and now makes $170,000 a year from her favorite hobby. Plus, a freelancer quit her job to do her $15,000 a month side hustle full-time while doing less work.
The Original Article can be found on The US Sun

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