Summer has always been a great time to relax and enjoy your free time, but now that you’re retired, it’s as good a time as any to take on a new side hustle. Unlike most other people who don’t have the luxury of time to spare to make some extra cash any time of the year, retirees can actually use the warmer weather and longer days to their advantage. If you’re looking for a summer side hustle, here are 11 ideas to help you bring in some extra cash. Whether you want to earn a little extra spending money or save up for a rainy day, these side hustles can be a great way to supplement your income.
#1 Get Into Trading
The stock market usually sees an uptick in activity during July and the rest of the summer months, so this can be a great time to get into trading. While trading is, and always will be, a risky endeavor, it has proven to be highly profitable for those who do it intelligently. This means learning as much as possible about the market, how trading platforms work, performing technical and fundamental analysis, choosing stocks to invest in, and so on.That said, it’s important to note that, no matter how much you prepare, study, and practice, investing in the stock market will always be risky. Consequently, you should never invest more than you’re willing or able to lose without it jeopardizing your nest egg and retirement income.
