How a 70-year-old unretired to start painting business as stock hedge

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Meet a 70-year-old former pastor who started a painting business just 2 weeks after retiring because his stock investments are tanking

But while the rate of retired workers returning to the workforce has returned to pre-pandemic levels — roughly 3% —

After Mlaker noticed that there was a lot of paint work being done in his community, he spoke with a handyman friend, who told him he could"pick up any side job" if he wanted to. Since he'd run a small painting business for nearly three years in his 20s, it seemed like a natural fit. "I said,"Hey, I'm new in the community. I'm retired. If you're looking for a small paint job, here you go," Mlaker recalls. Mlaker tries to not work more than three days per week. The typical job takes four to five hours and generates about $275 in profit, while the biggest require three 8-hour days and bring in roughly $1,400 in profit — equivalent to approximately $55 in profit per hour worked.

There has been plenty of demand for his business right in his neighborhood. In fact, Mlaker says he hasn't left his gated community once for a job, which"fits perfectly" for his lifestyle. Mlaker picks the days he works and loves the flexibility his business provides. He recalls running out of paint on a job one morning, going to the paint store near the beach, relaxing at the beach for two hours, then heading back and finishing up his work.

 

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Heard of Warren Buffet? He never retired.

It’s the only option in this economy.

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