1. Would you like to join the IL team? See open jobs!
    Dismiss Notice
  2. What can you teach someone online? Tell us here!
    Dismiss Notice
  3. Take the 100 Days Positivity Challenge : Join Here
    Dismiss Notice
  4. If someone taught you via skype, what would you want to learn? Tell us here!
    Dismiss Notice

Earn An Income In Us At Age 70

Discussion in 'Money Matters' started by EagerForInfo, Sep 5, 2020.

  1. EagerForInfo

    EagerForInfo Silver IL'ite

    Messages:
    544
    Likes Received:
    60
    Trophy Points:
    83
    Gender:
    Female
    My dads friends are in their 70's in the US. But they had not saved well and now they are actually broke. They are US citizens as they have come to the US a long time ago. But they had spent all money on family relatives in India.

    How can they earn an income in the US at this age. They don't like depending on kids.

    Can they do a business like subway? Any other ideas. Working a full time job at this age is hard and impossible.
     
    Loading...

  2. MalStrom

    MalStrom IL Hall of Fame

    Messages:
    2,987
    Likes Received:
    5,156
    Trophy Points:
    408
    Gender:
    Female
    I see a lot of older people working retail. Do they want to work at Subway or own one? Owning a franchise will involve several hundreds of thousands of dollars in upfront costs and it is very hard work.
     
  3. EagerForInfo

    EagerForInfo Silver IL'ite

    Messages:
    544
    Likes Received:
    60
    Trophy Points:
    83
    Gender:
    Female
    but they still have to work in retail right ? any other feasible options?
     
  4. AppuMom

    AppuMom Gold IL'ite

    Messages:
    212
    Likes Received:
    296
    Trophy Points:
    123
    Gender:
    Female
    Licensed Insurance agent/broker ,Financial advisor,Real estate office jobs,Rental properties maintenance manager are few jobs where I see lots of seniors working after their retirement.
     
    KashmirFlower likes this.
  5. ProudIndian

    ProudIndian Gold IL'ite

    Messages:
    667
    Likes Received:
    687
    Trophy Points:
    188
    Gender:
    Female
    Lot of ladies do babysitting or live in nanny job. For male person some cash counter job in Indian s store is possible.
     
    KashmirFlower likes this.
  6. EagerForInfo

    EagerForInfo Silver IL'ite

    Messages:
    544
    Likes Received:
    60
    Trophy Points:
    83
    Gender:
    Female
    Any thing else to earn a passive income they are old right?
     
  7. DDream

    DDream Platinum IL'ite

    Messages:
    1,473
    Likes Received:
    3,104
    Trophy Points:
    285
    Gender:
    Female
    If they have any special skills, they can start a YouTube channel. It will succeed only if they are dedicated to it. Age doesn't matter.
     
  8. Nedefrel

    Nedefrel New IL'ite

    Messages:
    11
    Likes Received:
    3
    Trophy Points:
    3
    Gender:
    Male
    By the way, this is a great opportunity to express yourself and share your ideas.
     
  9. Flyhigher

    Flyhigher Silver IL'ite

    Messages:
    156
    Likes Received:
    214
    Trophy Points:
    93
    Gender:
    Female
    I believe if they are citizens they can claim social security retirement benefits. If not they own a house or any residential properties they can do airbnb by renting out the rooms. I see this as the easiest low investment approach.
     
    Thoughtful likes this.
  10. Nedefrel

    Nedefrel New IL'ite

    Messages:
    11
    Likes Received:
    3
    Trophy Points:
    3
    Gender:
    Male
    If they had any funds, they could invest. Nowadays, cryptocurrency provides very great opportunities. You can buy and sell cryptocurrencies and generate income. There are many cryptocurrency exchanges, I chose Bikkex exchange. Would they like to consider such a direction for investment?
     

Share This Page