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Next Avenue

Feb. 22, 2020, 2:20 p.m. EST

Easy side hustles for retirees that fill a need

You might be doing these things anyway; why not pick up a little extra cash?

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By Donna Freedman

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This type of side hustle works best for people who are very good at entertaining themselves while waiting or organized enough to run their own errands during the time needed for the appointment. (Bonus frugal points if you can use the other person’s car, saving yourself gas and depreciation.)

5 tips before starting a side hustle

And now five tips before you begin a side hustle:

1. You may need to get a business license.  Check with your state’s department of commerce.

2. If your business takes off, consider forming an LLC or limited liability company to protect your personal assets from lawsuits. The “ What Is an LLC? ” article on the Nolo site has good background information.

3. Be sure you know your limits.  If you find small children are fun only in small doses, don’t subject yourself (or them!) to an eight- or 10-hour snow day. A large dog on a leash might aggravate your bursitis; if so, stick to smaller breeds or pet-sit only for place-bound critters like reptiles, hamsters or birds.

4. Guard against gig creep.  When you’re just getting started, it can be tempting to take every opportunity offered. But accepting too many gigs could add up to almost a full-time job and lead to exhaustion.

5. A gig-creep corollary: If you have a spouse or partner, be sure that person is on board with how much you’ll be working.  The two of you might want to look for side hustle jobs you can both do to share the burden and reduce the chance for burnout.

Former newspaper journalist Donna Freedman is a freelancer living in Anchorage, Alaska. She has written for MSN Money, Money Talks News and many other publications and websites.

This article is reprinted by permission from NextAvenue.org , © 2020 Twin Cities Public Television, Inc. All rights reserved.

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