I was delighted to be a guest recently on MacsList podcast to discuss how to create a second-act career. During the show I noted that many people find it daunting to plan for their second act career, and outlined three steps to help with the process:
- Introspection — Think about what you want, and how you want to do it.
- Idea Generation — Get out there, and research your options.
- Experimentation — Try things out, to see what fits.
I was delighted to see this video on TODAY that highlights the growing interest in coding as a career.
While many people think of coding as the domain of male millennials, the demand for coders is so high that I think there’s good reason to consider it as a second-act career option – many coders work from home, salary potential is excellent and the demand for qualified workers far exceeds the supply.
Of course, like any career path, coding is not for everyone. It can be challenging to learn and there’s no denying that age discrimination will be a barrier at firms where the average age hovers below 35.
But for the right person, it can be a satisfying way to shift into a lucrative high-growth career path. If the video piques your interest, here are some follow-up posts to read:
- Learning to Code After 40: If You Think It’s Too Late, Read This.
- At 50, Dev Bootcamp’s Michael Jay Walker quit his day job to learn coding with kids in their twenties
- It’s Never Too Late to Learn to Code
- Half of the High Paying Jobs in America Require This Skill
Happy New Year! Over the holiday break I took some time to go through my posts from the various sites I write for (NextAvenue.org, Forbes.com, USNews.com, and of course, MyLifestyleCareer.com) selected 16 of my favorites, and compiled them into one mega-post.
Enjoy – and here’s to YOU launching a meaningful, fulfilling and fun second act in the year ahead. Together, let’s make 2017 your best year yet!
When I speak to people about their second-acts, I often get asked this question, “I’d love to make a switch to my dream semi-retirement job, but I can’t afford it. What should I do?”
I understand their concern. After all, it’s easy to say, “Follow your passion” or “Now is the time to realize your dreams.” But when you have bills to pay and little in savings, your financial reality and second-act plans may not line-up. Training is expensive, new businesses require start-up capital and salaries for people pivoting to something new are far less than those of experienced workers.
Luckily, there are steps you can take to shore up your finances, no matter how challenging your current reality. Here are four to consider:
The sharing economy – platforms and services that make it easy for you to rent out things you own and services you offer – opens up some interesting options for retirees looking to generate extra cash during their second act. And contrary to what you might think, the sharing economy is no longer limited to services like Uber and Airbnb.
These days, people are using sharing apps for all types of services, ranging from pet care to cooking to home sharing. The sharing economy is growing so rapidly that it is expected to be a $335 billion industry by 2025, according to projections by accounting firm PricewaterhouseCoopers. Most sharing economy workers are relatively young. But baby boomers are now starting to profit from (and use) these sharing services as well.
That’s welcome news, because in many ways sharing gigs are tailored to retirees. These jobs provide greatly needed extra income on a very flexible schedule. The platforms make it easy for people to list their services and collect payments, without having to incur the risky start-up costs of opening a new business. And a few companies even provide liability insurance, training and other entrepreneurial support services.
So if generating some extra income during retirement is on your to-do list, here are six ways you might be able to profit from the sharing economy during retirement: