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Sunday, February 11, 2024

Seniors, Earn Pocket Money From Home

It’s always nice to have a little extra money to pad your budget or pay an unexpected bill. What kind of little jobs can you get paid to do without leaving home?

Welcome to retirement … and fixed income. The meaning of that really sinks in when you have to say no to a dinner invitation or the car suddenly has a heart condition. Maybe you need money for a vacation or to get your dream car. Whatever – you want some income but you’re loath to start driving for Lyft or Doordash, and the thought of retail is far too committed. Senior Spirit has scoured the internet (and our friends!) and we’ve come up with some options that you might find interesting. 

Research Opportunities

Campos pays people to be on their research panels. Click on the “Participate in paid research” button at the bottom right of the page to sign up. You may find yourself doing a survey, joining focus groups, or testing new products and giving your feedback. You can find out more about their research projects,  which are varied and may require some background knowledge. 

Taxes for the Gig Worker

Uncle Sam still has his hand out for a piece of your financial pie, retirement or no retirement. If you’re earning a significant amount of money (more than a few hundred dollars) in the gig economy, make sure you’re considering the tax bite. You may also want to make estimated quarterly payments, which the IRS recommends for anyone expected to owe $1,000 or more. If you’re unsure what to put aside or how to pay, contact your tax professional. 
Located in Pittsburgh, the company pays well for your time. If you refer a friend who signs up to do research for Campos, you’ll even be entered in a monthly drawing for $100. 

Other companies that are looking for research participants are:

Some of these are looking specifically for caregivers and people with disabilities as well as many others. Check them out online to see what people are saying about them and what they pay. All of these come with recommendations, but you’ll want to find out exactly what each job entails and how much it pays. 

AI Model Training

We all know that artificial intelligence (AI) is the new buzzword in tech, but were you aware that it needs to be trained? Turns out, there’s something called data annotation that involves labeling content with relevant tags to help computers make sense of and interpret it. The data being labeled can be images, text, audio, or video. Some of this work pays in the $20 to $25 an hour range. 

These companies are looking for people with a high level of accuracy. Some companies that hire data annotators:

Other Work-From-Home Opportunities

If you’re still looking for ideas, we’ve got a few more to consider. Seniors with strong writing skills or specific job knowledge can bid on projects at Freelancer. You’ll find a wide array of writing jobs that vary in length and expertise required. 

If you want to make a little money on purchases you’ve already made, try cash-back
apps Fetch and Ibotta. You take a photo of your receipts, then redeem them for gift cards and other offers. Not a big money-maker, but it could help save on shopping. 

Everybody needs or wants a little extra pocket money sooner or later. Maybe you’d just like to be involved in a survey or research project. Whatever the case, one or more of these ideas should help you achieve your goal.

This article is not intended to be a substitute for professional financial advice from a qualified financial advisor.