4. A side job
I noted that in retirement, you might not be up to a regular side job, such as being a cashier in a store. But there are some kinds of side jobs that you may be able to take on, at least for a few years, which can bring some meaningful income into your household.
For example, you may be able to give language or music lessons to kids or adults. If you charge $50 for a lesson and give six lessons per week, that’s $300 in extra income for the week — amounting to about $15,000 per year. You might make things to sell, such as sweaters or furniture, or you could take on some freelance work that you do at your computer such as writing, editing, or designing.
5. Your house
Your home may provide another unexpected income stream if you rent out space in it through services such as Airbnb or Expedia’s service VRBO. If you spend a week or several weeks at a time visiting friends or family, your home might be available to rent for several long stretches. Depending on the accommodations you can offer and your home’s location, you may be able to net around $100 to $200 per night or more, so renting out your space for 14 nights per year could generate $1,400 to $2,800 per year.
