1. Declutter the house
Look around the house you’ve been living in for decades and take a look at the clutter. Now, get rid of it.
Selling stuff can bring in extra cash immediately. Then, you can use the spare space to continue generating extra income.
Jason Speciner, a certified financial planner with Financial Planning Fort Collins in Fort Collins, Colorado, recommends using newly cleared space for an income-producing hobby or a business.
Another option is to rent it out to a full-time tenant or host the occasional traveler via a site like Airbnb.