Sunday, May 22, 2011

Create Your Own Economic Stimulus Package!

Part time work in retirement is the best way to survive turmoil in the stock market. I am fortunate enough to work as a contract healthcare consultant for a wonderful company, The Oncology Group. When you retire, consider what skills you have that others might use. If you can afford to volunteer your skills, that's great, but most people need additional income given that retirement funds have taken a hit in the economic downturn. There are always healthcare options if that's your field, or if you've been a teacher, consider tutoring on your own or for a company that provides the service. What talents do you have that could translate into work? Can you play an instrument or are you really good at photography? Teaching a continuing education course at a local community college in quilt making or scrapbooking can earn you a little travel money with a minimal time commitment. Writing and editing are also good ways to make a little extra money if you have an English or journalism background or just had a really good high school English experience! There are several web based companies that are always looking for writers. Check out Demand Studios or just type freelance writers or freelance writing in your search engine. Copy editing is another option if you have an eye for finding know who you can't read a book, ad or magazine article without finding a misspelling or weird sentence! Consider jobs that compliment your interests such as working in a bookstore or movie theater. I think if I didn't have my consulting option, I would work at Chicos! I love their clothes and would love to get a discount! Many businesses are eager to get mature, part-time workers that are dependable and have skills that are desirable without the drama. Because you are retired, you don't have to struggle with explaining why you want to go back to work...just tell them you need extra money or you've gotten bored!

I have talked to many people over the last few years that have gotten bored in retirement. While they enjoy the money, lots of them enjoy the social outlet of work almost as much. If you are single or your significant other is still working, going back to work part time may be fun, especially if you choose a job that is your avocation. At one point, Woody and I thought we wanted a gallery but that requires too much commitment...the key is to determine how much freedom you are willing to give up for extra cash. If you're working too much, you can't have fun with all your extra money!

So your lesson for today...don't be afraid to go back to work if you need extra cash but think outside the box a bit. You might be tired of your "old" job, but trying something new could be just the economic stimulus you need!

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