I know this forum is usually full of young people asking for income ideas, so I might not fit the typical profile here. If there’s a better sub to ask this, please let me know.
After many years in technology—starting with coding, moving into project management, leading teams, and finally back into an architecture role—it seems almost impossible to get a job nowadays. I’m finding it tough to get hired as a white male over fifty; companies seem to prefer hiring new grads for lower salaries.
I need some practical ideas for generating income. For example, I know a high-yield savings account is one option (though not nearly enough). What other strategies work? I’m open to both passive and active income ideas, including part-time or full-time gigs (franchise, or similar).
I’d really appreciate your guidance, especially if you’ve been in the same boat and have practical experience. Thanks in advance for your help
Switching to freelance consulting made a big difference for me. It has challenging in the beginning, but as you start to build a client base, it becomes very rewarding. I have found that investing in dividend paying stocks and real estate has been an effective way to create passive income. It does require some initial knowledge and investment, but it is definitely worth considering.
After decades in tech—starting with coding, moving into project management, leading teams, and ultimately settling back into an architecture role—I’ve found it increasingly challenging to secure a job as a white male over fifty. The industry seems focused on hiring younger talent at lower salaries, leaving experienced professionals like me struggling to stay relevant. To generate income, I’ve explored high-yield savings accounts, which help but aren’t nearly enough. I’m now considering options like part-time consulting, leveraging my industry knowledge to offer freelance advice, or even exploring franchise opportunities. If anyone has navigated this transition successfully, I’d appreciate your input on what’s worked.