Wednesday, July 17, 2019

South Africans embrace the encore hustle - Hustler Daily Thumbs Up - July 17

Hello fellow Encore Hustlers

Working an encore hustle has become a global movement.  In previous posts Mr. EH has highlighted stories from North America, Europe and Asia.  Now check out the first encore hustle post from Africa.

Read this story from South Africa about the results of a survey of the financial status of retirees.  It turns out that 9 out of 10 retirees are continuing to work in some manner while in retirement.  The main reason for continuing to work appears to be poor financial planning and underestimating post-retirement expenses.  The types of employment include:

  • retired teachers becoming tutors
  • turning hobbies into businesses
  • becoming consultants
  • becoming an entrepreneur 

Curiously the article does not seem to mention any gig economy side hustles that are common in the US such as driving for Uber, delivering for PostMates, caring for pets through Rover or renting out accommodation via Airbnb.  Perhaps gigging is still working on claiming a foothold in SA?

Mr. EH

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