5 Best Side Gigs for People in Their 50s
Many people in their 50s are still working to build their retirement nest eggs. But let’s face it: There’s a limit to how much you can earn as an employee each month.
The perfect solution to supplement your regular income is to start a side gig. A side gig can help you earn extra cash to put toward retirement accounts or investments.
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Roughly 70 million working Americans currently have side gigs, according to data gathered by Side Hustle Nation.
But when you’re in your 50s, you don’t just want any side gig. Jobs such as driving for Uber or shopping and delivering with Instacart aren’t really appealing. Instead, you should aim for side gigs that allow you to use your experience and expertise. Here are five of the best side gigs for people in their 50s.
Become an Expert on JustAnswer
You can earn an average of $2,000 to $7,000 as an expert on JustAnswer. No matter your field of expertise — from appliance repair to finance to wellness, you can apply for this side gig and leverage your years of experience to make cash. Once you’re approved on the platform, all you have to do is answer people’s questions from your computer or smartphone whenever it’s convenient for you.
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Teach Classes on Outschool
With more and more people homeschooling their children these days, quality online classes are in demand. The best part is that you don’t have to have formal teaching credentials to create and offer a class on Outschool. Instead, you can offer learning to students based on your expertise and charge the fee you feel is fair. Outschool takes a 30% service fee from all paid enrollments, but it doesn’t cost anything for you to sign up and begin teaching. Another plus is that you can schedule your classes in the afternoons or evenings when you’re off from your regular job.
Become a Notary Signing Agent
As a notary signing agent, you will assist with loan closings for the mortgage finance industry.
You’ll meet with clients at their homes or other locations to sign the required paperwork — and you can earn between $75 and $200 per appointment. The first step is to become a notary public in your state of residence. However, make sure your state allows notary signing agents to facilitate mortgage loan closings first — some do not.
Next, you’ll need to take a signing agent course, as well as pass an exam and background screening. Visit the National Notary Association online to find out exactly what it takes to become a notary signing agent in your state.
Create and Host an Airbnb Experience
If you’d rather share your skills, hobbies or expertise in person instead of online, consider creating and hosting an Airbnb experience in your city or online. Examples of in-person Airbnb experiences are a Drunk History Tour in San Antonio, Texas, and a Kayaking with Gray Whales experience in San Diego.
Note that you do not have to host guests overnight in your home or elsewhere to host an Airbnb experience; they are two separate side gigs. Visit Airbnb to find out the standards and requirements for Experiences. Earnings can vary, but Airbnb does collect a 20% service fee for each experience you book.
Resell Items for a Profit
There are various ways you can get into reselling items as a side gig, which could potentially help you earn $500 to $1,000 extra cash per month. To find items to resell, visit the clearance aisles of your local retail stores or thrift stores to find items that you can resell for a profit.
You also can check Facebook Marketplace, Craigslist and local buy-sale-trade groups for items people are selling for less than they are worth (or giving away for free) and resell them. Or, if you like to refinish furniture, you can pick up good, used pieces for cheap locally, refinish them and sell them at a profit. To sell the items, you can list them on online marketplaces or classified ads sites.
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