3 Ideas To Make More Money If You’re Over 50 In Chicago

Just because you’re over the age of 50 doesn’t at all mean that you’ve lost out on opportunities to make more money and build up your wealth.

The opportunities to make money today are greater than ever before, so you’re actually in a very fortunate position.

Still, if you’re at a loss for what you can do, here are three simple ideas to make more money if you’re over 50 in Chicago:

Strategy #1 - Get Into Real Estate

It’s almost a cliche to say, at this point, that you should just ‘invest in real estate’ to make money. But the truth is that numerous real estate markets across the country have been bouncing back, and it really can be a good opportunity to consider buying an investment property to make money.

The most lucrative opportunities for getting into real estate are likely going to be places with a low unemployment rate and consistently strong population growth. You’ll have to put down a solid initial investment, which will be offset and pay off from the consistent stream of passive income coming in from renters.

Strategy #2 - Rent Out Your RV

Do you have a motorhome or travel trailer? If so, then as an alternative to essentially being a landlord and renting out a property, you can rent out your RV instead.

You don’t have to be a dealer or big rental company to be successful at renting out RVs. In fact, all you need to get started is just one RV that’s in good condition and well maintained, and then you’ll need to successfully advertise that RV on rental sites with high quality pictures.






To get started, you’ll also need to price competitively. According to Outdoorsy, “the average RV rental price in Chicago, IL is $173.12/night.”, so price your RV below that to get started.

Strategy #3 - Write A Book and Self-Publish

It’s much easier to publish a book today than ever before, because the days of where you would have to go around pitching your book to a publishing company are long gone. Today, it’s very easy to create an account on services such as Amazon Direct Kindle Publishing.

Write a book, convert it to PDF, have a cover created, write a description, set your price, and then publish. It really is that simple. If you really want to grow this into a business, you’ll need to publish more books in the same basic niche under the same author name to really establish yourself as an authority figure.

Self-published authors make anywhere from a few hundred to several thousand dollars a month on average, so the possibilities really are endless.

Making Money Over 50

There are many more financial steps that you can take as well to help grow your wealth. But getting into real estate and becoming a landlord, renting out an RV, and self-publishing books represent three of the most lucrative opportunities for earning passive income today in 2018.

Stay Hearty in 2014: 8 Health Tips for Over 50's

They say that 50 is the new 40 which means there is no reason why you can’t look and feel great as you get older.

There are some common myths that aging means declining health and memory loss. Well the truth of the matter is that yes, there are more illnesses that are common as we age however, it doesn’t necessarily mean we’re on our last legs.

What’s more, brain training and learning new things can help to keep the mind sharp and believe it or not, you can teach an old dog new tricks.

So boost your confidence and stay healthy in 2014 with these top tips:

1. Drink plenty of fluids

Older people are more prone to dehydration so even if you don’t feel thirsty, make sure you are getting enough water. 

2. Load up on fibre

Your digestive system slows as you age, so increase the amount of fibre-rich foods you consume including vegetables, fruit and wholegrain. 

3. Start exercising slowly

It’s important that you exercise to stay healthy, even if you have an ongoing injury or disability. The key is to start slowly; just a few minutes every day is great and in time you can increase the duration. Walking is a brilliant starting point but make sure you check with your doctor first before starting any exercise program.

Why not join a local fitness group like water aerobics or Zumba? It can be a lot of fun and you can make new friends. 

4. Get rid of those bad sleeping habits

The main cause of low-quality sleep in older adults is in fact bad sleeping habits. Artificial lights at night-time can destroy your body’s natural production of the hormone that makes you sleepy. Boost your melatonin levels by turning off the TV and laptop/tablet at least one hour before bed, and use low-wattage bulbs. 

5. Watch your calories

On average, a woman who is not physically active needs about 1,600 calories and likewise, a man needs about 2,000 calories. If however you do have an active lifestyle, females need between 2,000-2,200 calories per day and males need about 2,400-2,800 calories. 

6. Still struggling to sleep?

Develop a bedtime routine to help you unwind be it a bath or listening to classical music. Make sure the room is dark and quiet and if need be, use an eye mask to block out any natural light from outside. If all else fails, simply go to bed earlier!

7. Keep your mind sharp

You need to keep your brain stimulated to prevent cognitive decline. Why not play a board game, a jigsaw, or a puzzle game on your iPad or smartphone. Crosswords in the newspaper are great at challenging the mind- try to do something new every day, even if it is getting out of bed the other side or driving to the local supermarket a different route.

Alternatively, there are various workshops across the UK that offer classes in computer technology or cookery. Keep challenging yourself to learn whether it a new language or simply volunteering at the local food bank. 

8. Cut back on salt and decrease iron intake

The likelihood of high blood pressure increases as we age so decrease your consumption of salt to 1500mg or less sodium per day. Elsewhere, after menopause the need for iron decreases to 8mg per day and too much iron can be dangerous.

So how many of these tips do you do already? The main thing is that you look after yourself properly and by doing so; you will be able to live life to the full.



This article was provided by Cheselden Continuing Healthcare UK, the leading experts in all you need to know about care home fees and nursing homes.