Consider Rental Income
You may think you’re not cut out to be a landlord, but it’s worth considering when you realize the income it can generate. And getting started in the rental business has become easier than ever before. You might consider renting out a room in your house through a site like Air B&B, or rent your old home after you’ve downsized and perhaps moved into a condo. If you acquire enough properties you can fund a very comfortable retirement.
Buy Dividend Stocks
Investing in dividend stocks is a solid way to generate another stream of income. Though it will take a bit of time and money to generate a good amount of income from these stocks, the good news is you can begin investing with very little money. For as little as $500 you can start investing in a dividend portfolio and keep adding. By the time you retire you will have generated a nice stream of income.