Baby boomers have many skills that translate to side hustles.
If you think the side hustle was born to serve the millennial generation, that might be true. Everywhere you turn these days, it seems like millennials — ages 23 to 38 — have at least one additional way that they make money other than their main job.
But other age groups besides millennials are interested in side jobs as ways to make extra money, too. Baby boomers — or adults ages 55 to 73 — are also getting their hustle on, whether it’s to earn a little extra money for fun or to supplement their main source of income.
Baby boomers are hustling harder than millennials, according to a study by Wonolo, a gig platform. One baby boomer out of every 3 is completing three or more gigs a week on its platform, compared to only 1 in 5 millennials. If you’re looking to earn more money, find out which side hustle opportunities can help you reach your financial goals.
Life Coach
- Pay: $31.89 per hour
People seek out life coaches to help them grow personally and professionally. As a baby boomer, you have decades of life experience under your belt.
Sometimes people know their sense of purpose and need accountability in reaching it. Other times, they may need help clarifying the goals they need to accomplish to achieve their life’s purpose.
As a life coach, you would be instrumental in helping others move toward the goals they have identified — or that you have helped them identify — through facilitating helpful exercises and holding the client accountable for completing the actions necessary to change their life.
Tutor
- Pay: $17.44 per hour
You don’t have to have a teaching background to be an online tutor. As long as you’re well-versed in the subject you choose to tutor in, and you can break it down to help others learn, you’ll be good to go. The great thing about tutoring is that you can register with a service or you can strike out on your own.
Registering with a service can supply you with a ready-made client pool, but your earning potential will be limited to what the service allows you to earn. You might also be limited to a certain number of hours. If you choose to strike out on your own, however, you can set your own hours and fees.
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