Share Your Story Podcast Episode 9: Start Homesharing for the Cash. Stay for the Company.

Posted by Silvernest Team on Aug 20, 2019 3:19:03 PM

According to a January 2019 survey conducted by GOBankingRates.com, roughly 50% of Americans 55+ have saved less than $100,000 for retirement. Nearly 33% have saved less than $10,000. These are alarming statistics, to be sure. 

 

5 Ways to Make Money with the Extra Space in Your Home

Posted by Kate Cygan on May 13, 2019 4:34:18 PM

For most people, our homes are our biggest tangible assets. So it seems like a no-brainer to put them to work and make a little money if we can. Airbnb is a big success story, but not everyone wants to rent out their homes for vacationers. Luckily, turning your house into a short-term vacation rental isn’t the only way to make money with your extra space—and we’ve got five creative ideas that prove it.

 

All About Rent: How Much You Can Earn, Save and More (Video)

Posted by Silvernest Team on May 10, 2019 5:05:17 PM

Homesharing can have big economic impacts for both homeowners and renters. This video explains how much Silvernest users can expect to earn or save by creating a Home Sweet Shared Home®.

 

Home Sharing: The New Retirement Solution

Posted by Annamarie Pluhar on Apr 30, 2019 12:56:51 PM

 

Arnie calls her home “my accordion house” and laughs.

It’s a huge Victorian building in the center of Concord, New Hampshire. She inherited it from an aunt who lived on the second floor until her death. When her husband died at an early age, she was suddenly a widow of very limited means. Committed to keeping the home she loves, she got creative, renting every single bit of it in a number of innovative ways. She loves living with home-mates.

Houses Age Too: One Simple Idea for Covering Home Maintenance Costs

Posted by Silvernest Team on Nov 29, 2017 12:45:42 PM

Although many of us want to age at home, that cherished space can become harder to manage as we get older and our kids move away. We no longer need all those bedrooms. And let’s be honest—our houses are aging just like we are, and they need costly surgery sometimes too. The question becomes, is it even feasible to stay at home? The answer is “Absolutely, yes!”  

 

Spring Cleaning in Winter: For Cash and Company

Posted by Kari Henley on Nov 7, 2017 8:41:40 AM

Now is the perfect time to tackle that spare room or guest room that has become the receptacle of old wrapping paper, craft projects or “re-gifting” items—and turn it into a source of income. Cleaning your spare room is the first step toward turning your home into a source of income. Renting out that room can help you earn an extra $750 or so each month, and you might even develop a friendship with your new housemate. 

 

But taking the first step can be overwhelming, especially if that spare room is more than a little cluttered. Here are a few suggestions to help you get started.

 

Seven Ways to Use Homesharing Income

Posted by Silvernest Team on Nov 2, 2017 11:25:03 AM

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If someone handed you an extra $700 cash, you would be pretty excited, right? Maybe you would splurge a bit, go out for dinner, or buy that new pair of shoes or new computer you have been dreaming about.

 

For many who are empty nesters, semi-retired or retired, life is all about budgets, and fun extras become rare or nonexistent. Many older Americans do not have enough money saved to comfortably retire and maintain the lifestyle they were accustomed to.

 

Financial Independence Means Having a Plan for Retirement Income

Posted by Jerry Golden on Jul 10, 2017 9:48:00 AM

Maintaining your financial independence throughout your life is dependent on the plans you make to create retirement income.

 

When you are working, you have to decide how much to put aside for your retirement savings account. You have to plan for your kids’ education, you plan for owning or renting your primary residence, and to take care of your insurance needs, plus a whole lot of other decisions.

 

Single Women Confront Unique Questions as They Plan Retirement

Posted by Jerry Golden on Apr 17, 2017 3:03:29 PM

In many ways, single women face the same problems as men when they consider how to retire with enough income, with one exception: They worry more.

 

Top 10 Reasons to Homeshare with a Compatible Roommate

Posted by Silvernest Team on Aug 4, 2016 11:44:03 AM

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Are you an empty nester, divorcee, widow, single parent, or sandwich generation adult? Do you have rarely-used rooms in your house? Could you use an extra $10,000 per year on average?  Maybe it is time to rent that extra space to a compatible roommate for a season, a year or long-term. Shared housing  (also known as co-living) is a fun and easy way to solve financial struggles and prevent the health risks of social isolation.