8 ways to make money and work remotely to retire early. Let’s explore clever ways to make money and save for retirement.
8 Ways to Make Money & Work Remotely to Retire Early
8 Ways to Make Money & Work Remotely to Retire Early
Do you really want to wait until you’re in your 60s to retire and begin to enjoy life? These days more people are choosing to open businesses and diversify their income in order to retire early. Retirement is no longer a time in your life to grow old and pop pills, in fact, thousands of Americans have big ambitious plans for their retirement. So, why not find a way to retire early and pursue your dreams and lifelong goals! The question is, how can you make money and save up enough to fund a life of luxury before you’re 65? We explore 8 clever and creative ways to make money and work remotely in the US.
1: Turn a Hobby into a Way to Make Money
People always say do what you love in life, so one of the best ways to make money is to turn your hobby or passion into a profitable business. One unusual hobby that can actually make you a millionaire overnight is metal detecting. If you find history really interesting and the idea of finding treasure fascinating, you’ll be glad to hear that there is serious money to be made metal detecting in America. In fact, one lucky metal detector from the US actually found a massive gold nugget in California. The gold was then later sold in 2014 for $400,000. So, why not start a side hustle and invest in a mid range metal detector for around $200 - $400 and start hunting. You never know what treasures you might find! Plus, if you hit gold, you could retire before your 40th birthday!
3: Work Remotely & Travel
If you want to make money and work remotely, there are plenty of online platforms that help professionals become online freelancers. Websites such as freelancer.co.uk, allow marketing experts, SEO professionals and website designers to make money while working from anywhere in the world. Set your own working hours, list your services and start making money for yourself. This is an easy way to set yourself up as a remote worker and will give you the freedom to travel that an early retirement would offer. Live life now and don’t wait until old age to have the freedom to go on an adventure. This is also a great way to make money as a busy mom. Childcare in the US is often eye wateringly expensive, so stay home, make money and spend quality time with your children too!
4: Invest in Real Estate to Retire Early
Property is always a good investment opportunity as long as you do your research. If you have savings in the bank, make your money work for you by investing in buy-to-let property in the US. Putting down a deposit on a property in a good neighborhood will allow you to rent it out and make a monthly passive income. If the rental income is greater than the mortgage repayments, you can make a little bit of money on the side. This can add up to a healthy retirement fund. Plus, once you finish paying the mortgage, you will own the house outright, which is a fabulous early retirement plan.
5: Become a Professional Gamer and Retire Early
Do you love playing online games after work? Have you ever considered joining the world of professional gaming? Did you know that 800 professional gamers currently reside in the US, playing online tournaments worth up to $50,000! In fact, if you take online gaming seriously, you can make up to $15,000 every month. This is more than enough money to retire early in the US and spend the rest of your years travelling the world. Or, you could be wise and diversify your income by investing in the stock market with tournament money or buy property to rent out. In fact, the top professional gamer in terms of income in the US has made $3,062,966.67 through e-sports so far! It’s fair to say that they can retire early on this amount of money.
6: Create Online Courses to Make Money Online
Knowledge is power and there are thousands of people who will pay good money for your expertise. Sell your knowledge and skills by creating an online course! Create an engaging online course and advertise it on an online platform such as Udemy. This is another clever way to make a passive income online while saving up for your retirement. Once you’ve created the online course, the potential to make money is limitless. Users can purchase your course at any time of the day. Increase your income and sell your existing skills while helping others to progress and learn new skills. If you’re thinking of taking an early retirement, this passive income idea is a really good way of earning money remotely. Consider selling downloadable e-books and additional services relating to the course you’ve made for additional income. From organisation tips, online marketing, wedding photography, apothecary, AI, to raising children, an online course has huge potential to make money online.
7: Open a home business to retire early
Who says you need to go to an office to make money.Opening a small business whether it be to replace your current job or as a side hustle, this is a fun and creative way to make money. If you have a gift for baking delicious cupcakes or you would love to change your career and take on pet grooming or online marketing, a home business is a great way to make money and word towards an early retirement. In fact, opening a business from home will teach you highly valuable business skills such as sales, marketing, negotiation and PR. There are plenty of people who have taken this particular leap of faith and have taken out a business loan to kick start a small business in the US. Create a business plan first and carefully assess the financial risks before investing heavily in your first business idea. Often you can discuss a business idea and strategy with a financial advisor before going all in. Speak to Ever Green Wealth Management about your creative home business idea today.
8: Become a Professional Translator to Save for Retirement
If you speak more than one language fluently, there is a serious opportunity online for you to make money right now. Thanks to the rise in international business, professional translators are in demand. If you can read, write and fluently speak another language, you could be earning money to save towards retirement. According to the US Bureau of Labor Statistics, the average salary for a specialized translator is $55,450.
In America the most in demand languages currently are;
- Chinese ( Mandarin )
Professional translators often work remotely or virtually, to provide international businesses with high-quality translation services. Services may include translating documents, translating for a client during an important business meeting or proof-reading content for websites.
Make Money to Enjoy an Early Retirement
Be smart when it comes to your personal finances and diversify your income. One of the best ways to make money from home is to start a side business. From treasure hunting and property investment to online courses, there are plenty of ways to make money alongside your regular 9 to 5. Harbour the power of the internet and set your sights on an early retirement.
For professional help and guidance in relation to your retirement plan, or if you’re thinking about starting your own business this year, contact Ever Green Wealth Management today. Our highly experienced team will be more than happy to discuss your long-term goals or a creative business plan and help you to pursue your dreams to retire early. Whether you want to invest, preserve or increase your wealth, Ever Green Wealth Management is here for you!