12 Ways Retirees Can Make Money Through Passive Income

1. Wrap your car with advertising

Turn your vehicle into a rolling billboard with companies like Carvertise and Autowrapped. They’ll pay you for the privilege of putting removable advertising decals for a business on your automobile.

Writer Kat Tretina describes the process at Student Loan Hero. You can expect to earn from $100 to $400 a month, depending on how much and where you drive, she says. Other requirements include having a good driving record and a vehicle that has its factory paint job.

Even if you’re no longer commuting to work, you may still qualify. After all, plenty of retirees drive — to attend classes, shop, volunteer or visit family and friends, for instance.

Pro tip: Car-advertising scams make the rounds regularly. Tretina offers these tips to avoid being victimized:

Legitimate companies don’t charge an application fee, and they’ll have a customer service phone line that lets you talk with a real person.

The car-wrapping cost should be covered by the company.

Take a hard pass on any company that doesn’t ask questions about your driving record, auto insurance, driving routes and type of vehicle.