Whenever you ask someone for retirement advice, you always hear that you should save for your twilight years as soon as you can. However, rarely people advise you on what to do after retirement. During your earning years, you are always busy with work, family, goals, and achievements, among many other things. However, as you near your retirement, your kids have grown up and moved out of the house, your old hobbies might not interest you as much, and post-retirement, you find yourself with an ample amount of free time and very few activities to fill it with.
In this guide, we will mention a few potential hobbies including farming after retirement that might refill your life with new activities and passions.
What to do After Retirement? 8 Options For You
As we’ve mentioned before, it’s crucial to make financial decisions for your golden years. Now, let’s look at a few hobbies that can actually make you some money.
1. Farming
One of the finest retirement plans is to start farming after retirement. It is not only a financially rewarding activity, but also a mentally rewarding one.
Let’s look at what are the benefits of investing in a managed farmland:
- Tax exemption on income from agricultural land
- Opportunity for lifelong passive income
- High returns on investments
- Economic stability
- Non-volatility
- Hedge against inflation
2. Travel
Exploring new destinations and meeting diverse people can enrich your life in countless ways. Whether it's traversing foreign lands, indulging in nature retreats, lounging in beach villas, or finding solace in spiritual cafes and countryside farms, each journey unveils fresh landscapes, cuisines, and cultures. A well-suited pension plan can alleviate the financial burden of travel, making it a feasible pursuit.
3. Pursuing your Hobby
Engaging in hobbies such as gardening, cooking, photography, or writing becomes all the more fulfilling in retirement. Wholeheartedly dedicating time to your passions infuses joy into your retired life, potentially even evolving into a lucrative venture.
4. Life Coach/Mentor
With decades of life experience, becoming a mentor or life coach offers a meaningful way to guide others in achieving personal and professional milestones. Specialized knowledge, be it from athletic prowess or professional expertise, can be invaluable in mentoring individuals toward their goals.
5. Tutor for Students
Offering personalized tutoring services in academic or non-academic subjects, both online and offline, leverages your expertise to nurture the next generation's skills and knowledge. Additionally, contributing to societal welfare through volunteer work or pro bono initiatives aligns with the ethos of giving back, whether through established NGOs or by initiating personal philanthropic efforts.
6. Social Work/Pro Bono Work
If you're interested in helping others, you can volunteer your time or skills to organizations working on social causes. Many NGOs and startups are making a difference and could use your support. You can join them, start your own initiative, or simply donate to charities and help out at places like orphanages.
7. Art
Exploring artistic endeavors like painting, music, or performance arts stimulates creativity and provides a platform for self-expression. Engaging in lifestyle activities, from horse riding to pottery, fosters continuous learning and personal enrichment.
8. Sports and Fitness
Prioritizing sports and fitness activities maintains physical well-being, whether it's through regular walks or indulging in sports like badminton or golf. Similarly, immersing oneself in entertainment, whether attending live performances or exploring cultural venues, ensures a vibrant and engaging retirement.
Conclusion - What to do After Retirement in India?
Retirement offers a canvas for crafting a unique lifestyle tailored to individual preferences. Securing financial stability through a reliable plan allows for the realization of post-retirement dreams, ensuring autonomy and fulfillment in this new chapter of life. One of the best ways to realize that dream is through farming after retirement. This along with gardening is one of the most satisfying activities one can do after retirement. So, plan for your future today
