#120 - How to Use the Sharing Economy in Retirement

Published: May 25, 2016, 11 a.m.

b'

It\\u2019s that time of the week again - time for another episode of The Retirement Answer Man featuring your very own Retirement Answer Man, Roger Whitney (that\\u2019s me). On this episode I\\u2019m going to introduce you to the concept of what is being called the \\u201csharing economy\\u201d (in case you didn\\u2019t know what it was already), and give you some tips about how you can take the steps to utilize the various aspects of the sharing economy in your retirement years. I think you\\u2019re going to find this episode to be chock full of great, actionable stuff that you can use. So be sure you take the time to listen.

The sharing economy is here. Are you willing to be a part of it?

Do you know what the sharing economy is? It\\u2019s the idea that people with excess resources (like a spare room, an empty garage, or even an extra seat in your car) make those resources available to others who have a need for that resource on a temporary basis. I believe that there are many, many opportunities for those moving into their retirement years to supplement their retirement income and build a better life. If you\\u2019re curious what\\u2019s possible in your situation, you\\u2019ll be surprised by the things I chat about with my friend Glenn, from the Casual Capitalist.

\\xa0

You could get income from things you already have that you\\u2019re not using.

One of the big concerns for those who are moving into retirement is whether they will have adequate income for the expenses it will take to live a comfortable and happy life. Today\\u2019s episode is focused on ways that retirees can utilize the sharing economy to build new avenues of income using things they already own or possess. You could rent out your car, a spare room in your home, extra storage space, or even drive people around your area for a fee. You can find out about many of the opportunities out there on this episode of The Retirement Answer Man.

The sharing economy could help you stay connected to people during retirement.

While more and more Baby Boomers are working within the sharing economy to build their income, many of them are finding an unexpected benefit: they are enjoying the relationships they are having with people they serve. It\\u2019s a surprising way that many are keeping themselves engaged in society and out of their homes, avoiding the danger of becoming isolated and lonely. Today\\u2019s guest on The Retirement Answer Man is Glenn, from the Casual Capitalist and he\\u2019s got loads of great information to share about what the sharing economy is, how it works, and what you can do to get involved for the sake of increasing your income and even building new relationships during your retirement years. Interested? Be sure you listen.

Would you like some simple, actionable retirement tips sent to your inbox every Saturday?

I\\u2019ve recently put together a new offering that\\u2019s absolutely free, designed to help you discover ways to make the most out of your retirement years and build a great life even though you\\u2019re out of the workforce. The things I share are not shared anyplace else, so I encourage you to sign up for my \\u201c6 Shot Saturday\\u201d emails to get practical help every, single week. If that sounds of interest to you, go to www.RogerWhitney.com and sign up today!

\\xa0

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

  • [0:28] Roger\\u2019s introduction to this episode.
  • [0:46] The Retirement Answer Man has just broken the Top 10 in iTunes!
  • [2:00] How you can get your 6-shot Saturday episodes.

THE HAPPY LAB

  • [3:26] What do you do when you haven\\u2019t been doing the things that bring you enjoyment.
  • [5:15] THE CHALLENGE: Identify the things that make you happy and figure out how to do them.

HOT TOPIC SEGMENT

  • [5:38] How Baby Boomers are moving into the cities from the suburbs.
  • [7:22] Why older folks are moving into the cities: My ideas.

WHAT DOES THAT MEAN? SEGMENT

  • [9:24] What is \\u201cthe sharing economy?\\u201d
  • [10:25] An example of the sharing economy in action.

PRACTICAL PLANNING SEGMENT

  • [12:48] Roger\\u2019s introduction to Glenn Carter from The Casual Capitalist - and this topic.
  • [13:50] What Glenn means when he talks about \\u201cThe sharing economy.\\u201d
  • [15:57] How can the sharing economy be an opportunity for Baby Boomers?
  • [18:30] How the sharing economy helps meet a fundamental need for Baby Boomers.
  • [20:52] Income averages for people who are \\u201csharing economy workers.\\u201d
  • [21:58] Examples of sharing economy platforms.
  • [34:27] Tips for using the various platforms that exist.
  • [35:40] How you can use the quiz Glenn offers.

TODAY\\u2019S SMART SPRINT SEGMENT

  • [36:57] Check out the sharing economy websites so you can learn how they work and what they are.

RESOURCES MENTIONED IN THIS EPISODE

Contact Roger: http://www.rogerwhitney.com/retirementanswers/

Roger\\u2019s retirement learning center: www.RogerWhitney.com/learn

The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan

www.TheCasualCapitalist.com/DigitalSenior \\xa0- Glenn\\u2019s website and his offer for you.

www.AirBNB.com - Housing

www.AirDNA.co - Housing reviews and needs

www.Uber.com - Driving and transportation

www.TaskRabbit.com - Handyman or task based services

www.WiseAnt.com - tutoring and teaching
www.Upwork.com - freelancers or virtual assistants

'