RL081 – Beyond Money: How To Build A Happier Retirement
Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk about side-hustles in retirement. They go through the exciting things people do in retirement, money-making activities for people in all stages of retirement, and the process of settling on retirement hobbies.
[01:40] Adrian’s Hobbies and His Plans for Retirement
[06:01] Creative Things People Do in Retirement
[14:01] Erik, Adrian, and Roshan Go Through Some of the Exciting Things Their Clients Do While in Retirement
[20:00] How Couples with Different Personalities Pursue Hobbies Together and Separately
[21:10] Side-Hustles in Retirement
[30:05] Finding Passions and Settling on Hobbies Through Trial and Error
[35:50] Resources for People Looking for Inspiration
For more links and the full show notes keep scrolling down!
Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905.
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Full Show Notes:
What To Do in Retirement
Retirees don’t live a boring life, contrary to popular opinion. And they certainly don’t live a static life. Nowadays, you’re more likely to find retirees backpacking in Europe than in an isolated farmhouse somewhere. Not that there’s anything wrong with living in a farmhouse because some people just crave the quiet of the countryside. Nevertheless, retirement is a time to make the rules and adapt to them as you see fit. If you’ve been dreaming of taking a trip to the Caribbean, why wait? You now have more options for how to spend your time, and you certainly don’t have to settle on just one hobby or pursuit, especially now that Americans are living longer than ever before.
Side Hustles in Retirement
If you browse through the internet, you’ll see pages upon pages of side hustles for stay-at-home moms, college students, athletes, and all those other types of particular groups of people. But have you ever asked yourself what people in retirement do to earn that extra cash? Retirement does not mean sitting around and watching the days go by without little to no excitement. It also doesn’t mean completely giving up on earning an income. People in retirement can add that much-needed spark in their life and earn a few dollars while doing it. But there is a problem. Most side-hustles are centered around the youth and their ability to work at odd hours or perform labor-intensive acts.
Fortunately, not all side hustles require youth since some people are willing to pay for the years of accumulated experience. Nonetheless, when choosing a side hustle in retirement, ensure it’s something you’re passionate about, and it doesn’t disrupt your retirement. And if you’re looking for some inspiration, try several things that interest you and do them consistently. You could go to websites like Upwork, Fiverr, or Older & Bolder and see what other retirees are doing. Some of the things you’re likely to see other people doing are: dog walking, teaching ESL online, consulting and coaching, local tour guides, and Uber/Lyft Driver.
All opinions expressed by podcast hosts and guests are solely their own. While based on information that they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only, and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.
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