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  • Writer's pictureKenneth Jackson

Best way to make money in 2023 if you're over 55

There are several ways to make money in 2023 if you're over 55, and the best approach will depend on your skills, interests, and financial goals. Here are a few options to consider:

  1. Start a business: If you have an entrepreneurial spirit, consider starting a small business. You could offer services like consulting, coaching, or freelancing, or you could start a product-based business that sells items you make or curate.

  2. Work as a consultant: If you have expertise in a particular field, consider working as a consultant. You could offer your services to businesses or individuals who need help with a specific problem or project.

  3. Work part-time: If you're looking for flexibility and less stress, consider working part-time. Many companies offer part-time positions to older workers who have a wealth of experience and skills to offer.

  4. Rent out property: If you have a spare room or an unused property, consider renting it out on Airbnb or another platform. This can be a great way to earn extra income without a lot of work.

  5. Invest in stocks or real estate: Investing in stocks or real estate can be a great way to earn passive income in your later years. You'll want to do your research and work with a financial advisor to ensure you're making sound investments.

Ultimately, the best way to make money in 2023 over 55 will depend on your individual circumstances and goals. Consider what you enjoy doing, what skills you have, and what type of work-life balance you're looking for, and then explore the options that make the most sense for you.

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