Age is just a number, and when it comes to boosting your income, being over 40 is actually an advantage. Think about it: you’ve gathered piles of life experience, probably have a few tricks up your sleeve, and know how to manage your time. Wisdom and discipline and all that. So why not take all these hard-earned learnings and turn them into some extra cash? Here are 5 of the best side hustles for those of us cruising past the big 4-0. Because it’s never too late to add a little extra to the bank account.
1. Consulting or coaching
With your decades of experience, consulting or coaching could be the perfect side hustles to monetize your knowledge. Whether it’s offering advice in your professional field or life coaching based on your unique experiences, people are willing to pay for expertise and guidance. You can start by offering services through LinkedIn, Upwork, or listing your services locally. This is a great way to capitalize on your specific skills and help others grow—kind of a win-win situation!
2. Freelance writing or editing
If you’ve got a way with (written) words, freelance writing or editing could be an ideal side gig. This field covers everything from blog posts and marketing content to technical writing and editing books. Websites like Freelancer, Contena, and Scribendi can help you connect with clients who need your skills. Plus, the flexibility to work from anywhere, any time, makes this hustle exceptionally appealing if you’re looking for something that fits into your busy schedule.
3. Online teaching or tutoring
Online education is booming, and there’s high demand for experienced professionals who can teach or tutor various subjects. Whether it’s math, science, business, or even musical instruments, platforms like Teachable, Tutor.com, and Wyzant offer ways to share your knowledge and get paid for it. You can also create your own courses on sites like Udemy or Coursera. This side hustle not only brings in extra income but also keeps your own skills sharp.
4. Property management or real estate investment
If you’ve accumulated some savings over the years and are looking to invest them wisely, property management or real estate investing could provide a worthy return. Managing properties for others or flipping houses for profit can turn into lucrative side hustles. You’ll need to do thorough research and maybe take some real estate courses, but the financial upside can be worth the lift if you play your cards right.
5. Crafting and selling online
Turn your hobby into a hustle! If you’re crafty, platforms like Etsy or eBay are fantastic outlets to sell your handmade goods. Whether it’s jewelry, pottery, knitting, or even sculpture, there’s a market for high-quality, unique items. This hustle lets you monetize your hobby and also provides personal satisfaction—creating your own work and getting paid for it is very rewarding. Plus, managing your online store can be a very flexible job that you can fit in with your other commitments.
Use your connections
Whatever side hustle you choose, don’t underestimate the power of your network. Friends, family, and professional connections can all be really helpful in getting the word out and bringing in your first few sales. Social media can also be a powerful tool to promote your new venture and connect with potential customers worldwide, and the people you already know can help you there, too.
