Any ideas for generating an income in my retirement

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michaelmc

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Posts: 5
Posted At: 22/01/2008 22:04:49

I'm not far off retirement but don't have a pension - I would like to find a way becoming self-employed even on a part-time basis to support myself. I have looked on the net but there are too many get rich quick ideas are probably too good to be true.

I am quite arty / creative and good at working with my hands - DIY, fixing things, currently working as a Service Engineer but also have lots of Sales experience.

All ideas welcome, preferably from people who are currently earning as self-employed
gloucester

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Posts: 3790
Posted At: 22/01/2008 22:30:27

Welcome to this forum.

You don't actually state your age in your profile so I'm not sure what "I'm not far off retirement" means in reality.

My father was in your position - i.e. didn't have a occupational or personal pension. He discovered that your state pension is much higher if you defer it. Not sure whether it's still the case but he stayed at work until he was seventy without claiming state pension and was hence eligible to an extra 7.5% per year. Since this was the upper limit, he then started drawing his state pension at a rate 37.5% above an "ordinary" single person and continued at work anyway - going down to three days a week then two until the firm closed down when he was about 75. I wish he could have continued...

Looking at your profile I see you list photography. I've certainly seriously considered whether I could switch to a photographic career, but a friend of mine who did around 5 years ago says he's not making much and is very reliant on a single company he's luckily met up with. Without that it wouldn't work for him. So I'm still dithering myself...
jennyinislington

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Posts: 4792
Posted At: 22/01/2008 23:06:56

Lots of people can't tackle even the simplest of DIY jobs, either through time, ability or disability and quite a few active but slightly older people can fill this gap - even down to changing light bulbs believe it or not. Also, assembling flat pack furniture, putting up shelves, all the hundreds of jobs around the home, need a competent person to do it.

This website gives you just an idea http://www.donewithdiy.co.uk/handyman.html - who knows, maybe it could work in your area?
Tiberina

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Posts: 861
Posted At: 23/01/2008 00:15:53

Quoting jennyinislington (22/01/2008 @ 23:06:56):
Lots of people can't tackle even the simplest of DIY jobs,

Yes, absolutely!
I'm always on the lookout for a trustworthy person for odd jobs. And I have to say that when I find one, his time seems to be so much better paid than mine! (I'm a self-employed translator/editor.)
Good luck!
Tiberina
louisjadot

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Posts: 2545
Posted At: 23/01/2008 02:50:08

Why Give yourself all the hassel of going self employed, and all the tools you would have to buy to do it, Why not go along to B&Q and get some work of them and do your handyman on the side and get the discount on any tools and material you require.

Raymond
Sorrel_707

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Posts: 5601
Posted At: 23/01/2008 08:13:50

Getting someone to do the 'small' jobs that do not interest a full time builder or professional painter and decorator or gardener , - rehanging a gate so that it shuts, painting window frames, replacing a broken window, boxing in the electricity meters, even mowing the lawn, clearing out the garden shed and taking the rubbish to the tip, or digging out overgrown borders - th list goes on and on - particularly for ladies now living alone.

Try advertising in the local mini-market, or in the local free paper - or even putting notes through doors - once you've done a couple of jobs well, and at a reasonable price , and people learn they can trust you - you'll be inundated with work.

Delilahcat

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Posted At: 23/01/2008 14:40:38

Michael
Please take advice before deferring your pension. For some people it is not a good option
Issy

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Posted At: 23/01/2008 16:02:13

Michael - If you are any where near Nr. Oxon I could keep you busy with DIY/decorating.

Issy
iani

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Posts: 462
Posted At: 29/01/2008 19:21:33

Go and buy the Trader mag from your local newsagent.Look at what you can buy and sell.I did and bought some sunglsses from one advert,and sold them at local car boots.Some days,I made £400 from a £100 outlay.Best to look at working for yourself.Many things in that Trader mag may be of interest and I had fun in selling them.You can buy watches there with a RRP of £129 for £3,and sell them for £10,but they are good watches.You can have fun by working for yourself and not others
Glynisrose

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Posts: 1158
Posted At: 29/01/2008 22:33:28

Try http://www.moneysavingexpert.com/ There are forums with loads of ideas for making spare time money.
johnrichard36

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Posts: 1080
Posted At: 27/02/2008 19:49:09

I don't know where you live but in the Uxbridge area people are prepared to pay £10 an hour to have their dogs walked. I have been offered this myself. Further into London it could be more.
impaired

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Posted At: 28/02/2008 08:27:45

Quoting johnrichard36 (27/02/2008 @ 19:49:09):
I don't know where you live but in the Uxbridge area people are prepared to pay £10 an hour to have their dogs walked. I have been offered this myself. Further into London it could be more.



I wish I could find this kind of work. I live at the other end of the Uxbridge Road .. Shepherds Bush. I have advertised on Gumtree a couple of times, but no response.
Glynisrose

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Posts: 1158
Posted At: 28/02/2008 10:59:57

Is there no local pet shop you could put an advert in? How about contacting Blue Cross or RSPCA and put an ad up in their centres? Both organisations should know about any dog walking companies in the area. My friend works for a company in Birmingham called 'Pals for Pets' and she looks after all sorts of animals, from walking dogs to giving medication while owners are at work to taking animals home when their owners are on holiday. She is on the go from 8 am to 9 pm so there must be a huge market for it in other built up areas.
johnrichard36

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Posted At: 28/02/2008 13:21:58

I would suggest you try an ad in Chelsea/Kensington or the up market side of Chiswick. Gunnersbury Park has its fair share of professional Dog walkers.Ealing could be another and Holland Park
Devonshire Maid

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Posts: 426
Posted At: 29/02/2008 11:27:26

If you just want pocket money, I have just taken up beating (pheasants!) and love it.
Pros: Fresh air, exercise, lots of wildlife (i've seen foxes, deer etcHappy, £20 a day, free lunch & port, as many or as few days as you like, celebrities (both Eric Clapton and Madonna have shot locally recently), free pheasants.
Cons: Only in the Autumn/Winter, rain, cold, ritual slaughter.
It obviously depends upon your sensibilities and where you live, but if anyone wants to keep fit, I highly recomend it.
Veronika

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Posted At: 29/02/2008 11:40:11

Also wise if you are a dog walker to be insured. The lady who occasionally walks mine if I am out for the day and looks after them when I go away is insured.

Veronika
impaired

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Posted At: 29/02/2008 14:14:52

Thank you for the dog walking tips.
zia

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Posts: 3585
Posted At: 29/02/2008 18:37:10

I pay a fortune for my dog to go to doggy day care. Id much prfer someone to come into the hosue and take her for walks or to the beach etc whislt im at work. Sometimes they f orget to pick her up or the daycare bus is out of actiona nd she is in all day on her own.

When myd aughte got married i paid for a pet sitter to come into the hosue twice day and watch television whislt she sat with the dogs/let them outside for a short while

the dog has pamper days, goes to the ebach or to paly frisbee in the park whislt i jsut go to work to pay for it all

I have o pay extra because they pcik ehr up in the bus (I leave for work too early to drop her off at the creche). They have a key to my house and if I need to go away overnight they provide bed and breakfast(for the dog).

I msut admit I hadnt thought of it until my d og became ill after having an eye removed due to glaucoma his sight was also very poor int he remianing eye so I couldnt hleave him in th hosue so it gave soem quality of life before I evnetually had to put him to sleep. Now ive acquired his sister as my daughterr has small chidlren and doesnt have time for a dog. Im sill working long hours so the current dog goes to the creche.

Some sitters have dogs voer the xmas,easter, sumemr holdiays whislt their owners go away

Others jsut go into houses whilst people are at work and feed dogs/cats and let them out for a bit

Its relatively simple work, you dont need special equipment and most professional people will willingly pay for their dogs/cats to be looked after whislt there at work/away on business. Youd be surprised hwo much you can earn but you must be totally reliable
RitaCheeky
Patrick2

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Posts: 33
Posted At: 09/03/2008 11:04:15

Only replied due to what you said about sales background. i need to pack in supply teaching, I am feeling unwell now. I work for the Utility Warehouse (business side of it) and it is working fairly well so far. The company pay as an amount each month which continues, even if we are away in France for 6 weeks and don't do any work for them. It is enough to get us out of immediate financial trouble, of which we have plenty, as I still have 2 teenage girls at home. One is hoping to go to Oxford this autumn then the other one, the year after. They cost me in music fees, especially the older girl, as she goes to the junior RNCM in Manchester and is taught by professonal musicians. I have to pay the equivalent of a University fee out of my disposable income and quite frankly it clears us out every month. The Utility Warehouse offers a business worked from home, which you can do in amongst your other activity, and offers excellent support. It is not a get rich quick scheme, and the company, when it does a public presentation, does explain this. Rather, it is something to work at bit by bit, and build it up over a period of time. It works best part-time. Not quite like sales, though, you might need to re-think the approach there. You could, if you wanted, have a look at me, the company give everyone a free website to use. It is actually their own website, if you see what I mean, they maintain it obviously, but they give you a front page with your name and detail on. Anyway, just a thought. It might be for you or it might not. It is also a willable asset, that is, you can build it up, then leave it to a relative to benefit from. It is a British plc, all vetted and OK. www.telcomplus.org.uk/985131 is me!
Patrick
Moneymaker

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Posted At: 09/03/2008 18:40:34

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