Money Archives | No Geraniums

20 Simple Ideas on How to Make Money after Retirement

May 24, 2022March 23, 2021 by Hannie Mommers

A newspaper article about COVID-19 and the stock exchange made me again realize how vulnerable our financial system is.

As soon as stock exchanges are going down, there is talk about freezing the pensions. This year (2020) I finally receive a state pension, but these rumors always make me wonder for how long.

It’s better not to wait until the unforeseen happens. I want to make sure I have a back-up plan on how to make money after retirement!

The ideas I share with you are partly things I am doing or have been doing myself. And partly I got that information from friends and from searching the internet.

Is the Grey Revolution a Surging Problem or an Opportunity?

February 24, 2021February 23, 2021 by Tom van Oosterhout

The Grey Revolution is a two-pronged revolution. From the 19^th century onwards our longevity doubled. At the same time, fewer and fewer children are born. The graying and greening of society coincide.

Employers prefer young people because they seem to be cheaper. In the queue for the supermarket checkout, it is ‘always’ those oldies who cause delays. Prejudice is easy and abundantly present.

Like most revolutions, this ‘grey’ one has a tremendous impact on societies. Despite popular views, these impacts are predominantly positive. This needs some explaining.

How to Earn Money while Traveling, even as a Pensioner

February 16, 2021 by Hannie Mommers

Don’t you love to travel? I know I do. When I was young it wasn’t that common to go abroad, but my parents, specifically my mother, loved to go on holidays to other countries. From the age of 5, I went abroad.

Lucky me, my husband, Tom, likes to travel as well. Our holidays used to be expensive and we never spend a thought on how to earn money while traveling. We don’t like organized trips and I never realized that making all the arrangements on your own is costing a lot of extra money, even if you camp.

Not that it matters, we had a lot of fun. We stayed at one place for two or three days in a row, explored the surroundings, hiked a lot, and visited museums. After which we drove to the next place. And wrote in a travel log and on a blog, never with the intention to monetize that.

Do I Retire Early or Not? That is the Most Exciting Question

February 12, 2021 by Tom van Oosterhout

Do I retire early or not? What motives could I possibly have to retire early or to postpone retirement?

The answers to these questions are a very personal matter. However, in practice, when we contemplate on them, we will very quickly realize that the answers are not easy to give. This is because so many concerns are at stake.

Money is an issue, of course. Our wellbeing. Our health. Our partner will have some idea. When employed, the employer usually has made proper arrangements. However, in the end, the decision comes down to us.

Disadvantages of Having a Credit Card and other Debts

February 9, 2021 by Hannie Mommers

My father received his pay in a semi-transparent pay pouch. Banks were for the “people in high places” and my parents saved by bringing money to the post office, where the dimes and quarters were written by hand in a booklet.

Fortunately, a lot has changed since then. Almost everyone has a bank account, even more than one. Taking care of money matters has become very easy. However, the downside is that it is also easy to go into debt.

This article is about the disadvantages of having a credit card and other debts. After all, most homeowners have a mortgage. A car is easily leased or paid for with consumer credit. A credit card makes buying on installment obvious.

Money Management in Retirement, an Unusual Approach

January 7, 2022February 5, 2021 by Hannie Mommers

Is money management in any way related to your life? Or do you consider it something from the past, when you were younger and had a family to keep? I’ll explain why I consider money management to be of all ages. And why money management in retirement is important.

How old are you when you have come to the end of your life? Some people freak out by this question. Others respond that they have never thought about it. Only a few mention a number.

We all have a notion of what we want from life, haven’t we? We want to grow old and we want to be healthy. And as soon as you put a number on it, you can calculate whether you have enough money to get there.

What is a Passive Income Stream? Have you ever heard of it?

January 7, 2022February 2, 2021 by Hannie Mommers

Some 8 years ago I was attending a business seminar and suddenly I pricked up my ears. What? What was he saying? The topic was Income and a passive income stream was mentioned as one of the possibilities.

Until then, I had never heard of the phrase and for a while, I kept wondering “What is a passive income stream?”

It was a solid business seminar and the question was answered thoroughly that day. Ever since I was intrigued and have tried several possibilities. I love learning new stuff and this was new to me. Although… not completely new, because unaware of the terminology I had been making a couple of passive income streams. 🙂

How to Build an Emergency Fund? Do you Need it as a Pensioner?

January 29, 2021 by Hannie Mommers

How to build an emergency fund and whether you need it as a pensioner is in the end your decision. In this article, you’ll discover what an emergency fund is and how to work out how much you’ll need.

A pension, which is deposited into your bank account every 25th day of the month, provides peace and security. However, it can also make you sloppy in handling your money.

Especially in the ex-pat community here in Spain we regularly meet people who have called it a day. Worked hard all their lives and now no longer feel like worrying about anything anymore.

This often has a negative effect on their attitude towards their weight and health, but certainly also brings a kind of indifference about their finances.

Is Financial Freedom for Seniors an Illusion or a Possibility?

January 15, 2021 by Hannie Mommers

Most websites you bump into when you browse for financial freedom for seniors are from either financial institutions or care organizations. This article focuses on the fundamental you will have to build, if you want to work towards financial freedom.

Financial freedom is defined as having enough income to pay for living expenses for the rest of your life without being employed or dependent on others.

You will achieve that when you retire or receive a large inheritance. But also if you find a way to get paid for your work more than once.

Writers and musicians receive royalties on their book or piece of music. Computer programs and apps are sold. Examples of creating something once and getting paid as often as something is sold.

Poor Mindset vs Rich Mindset – How to Grow the Right Money Mindset

January 23, 2021January 12, 2021 by Hannie Mommers

As you are aging you will have thoughts about your finances. Hopefully these are only positive thoughts, because there is a relationship between a negative attitude and being poor. Yet, positive or negative, it’s good to have a grip on your finances.

This article has 2 perspectives. On the one hand to be actually poor or rich, in terms of money. And on the other hand to be rich or poor in your view of wealth. In other words poor mindset vs rich mindset.

We all have a different view on what wealth is. For some people it means having a lot of money, for others being content and happy is more important.