You spend most of your working life looking forward to retirement, but when it actually comes, it’s not always as exciting as you imagined. After the novelty wears off, many retirees find that they still have plenty of energy while they putter about the house. If this happens to you, maybe it’s time to try some new things when you retire.
When you retire, try:
Real Estate Investing
Investing in real estate offers dual benefits for the retired. First of all, it gives you something to do when you’re no longer working. More importantly, it helps supplement your income, which is especially good if your retirement funds are tight. Real estate investing is one of the best ways to supplement your income, because you can leverage someone else’s money instead of your own. By taking out a loan, you can build equity into the property without dipping too much into your savings.
Additionally, the market is more stable and easier to predict than other markets. This makes it the ideal investment for amateurs. There are also dozens of ways that you can invest in real estate, including rental properties, fix-and-flips, commercial properties, and wholesaling. Do your research thoroughly to find the option that best interests you. Use all the resources available, like software which does a rental background check for free, or an app that helps you calculate mortgage costs. Then dive into the market to make your fortune and upscale your retired lifestyle.
Who says you can’t teach an old dog new tricks? There’s no better time to learn to ride a motorcycle than when you’re retired. You likely have extra time and money to make it happen now that you don’t have work responsibilities, and it’s a great way to beat the boredom many seniors face.
Companies like Polaris make great motorcycles for seniors. And it’s not difficult to find Polaris OEM parts if your motorcycle needs a tuneup at any point. Additionally, you’ll want all the right gear for motorcycling, starting with a helmet and leather jacket. Most cyclists don’t just wear leather because it looks cool; it’s also the best material for range of motion while keeping out the elements at high speeds.
Finally, get a gang together. Motorcyclists typically travel in packs, not because they want to look menacing, but because it’s much safer that way. Cars can more easily see three or four motorcycles than they can one, and if you have problems on the road, the other cyclists will be there to help you out.
If you’ve saved up a handsome sum for retirement (or if your real estate investing takes off), you’ll have plenty of time and money for travel. Why not travel abroad? There are no longer work requirements to challenge your vacations, so you could spend at least a couple of weeks per year in a foreign place.
Try touring Europe to start. It’s expensive to fly there initially, but you can fly in between London, Paris, Rome, Munich, and Athens for as little as $25 per flight. There are also both affordable and luxury places to stay along the way, so you can get the best experience no matter your budget.
Another excellent way to enjoy more foreign travel is via a cruise ship. This is one of the easiest and most inexpensive ways to travel because your food, accommodations, and much of your entertainment is already paid for. You can see new sites on port days and live in the lap of luxury while the ship is at sea. These trips are particularly recommended if you have any health or physical restrictions which make it difficult to travel. With everything in one place, it’s a breeze to travel anywhere you want!