17 Home Businesses Retirees Can Start For Supplemental Income

1. Asset Utilization

Utilizing your assets is one of the best ideas for retirees looking for supplemental income. Retirees can utilize their assets to either invest in property or stocks or become dividend investors. Blue chip stocks like The Coca-Cola Company (NYSE:KO) offer generous dividends to their investors. The company has grown its dividend by almost 3.7% over the past 5 years, has a healthy payout ratio of 68.3%, and paid out almost $8 billion in dividends in 2023. Warren Buffet is one of the greatest dividend investors who made $736 billion in dividends for the year ended 2023. Amancio Ortega Gaona, a dividend investor who owns 60% of Inditex, approximately makes $400 million in dividends every year.  On the other hand, if retirees own some property they may consider renting it for business or commercial use or they may sell it to invest the cash elsewhere.

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