Are you concerned that your retirement income won’t be at the level you want (or need) it to be when the time comes to leave the workforce? Even if you have diligently saved in mutual funds, the shakiness of today’s economy may have you on edge. The answer is to diversity your streams of income. Following are six ways to do just that.

1. Invest in Real Estate.

Many people get a nice extra $500-$1,000 every month during retirement from tenants of Real Estate they purchased before retiring. The best way to do this is to get the mortgage on your own home paid off first, and them to pay for as much of the investment property upfront as you can, and plan to pay it off before you retire. That way your extra monthly income will be much more significant, and if you have to go tenant-free for a while it won’t be a financial burden.

2. Turn a hobby into a side business.

Are you artistic or crafty? Do you create beautiful backyard gardens? Maybe you’re a skilled writer, or have a teaching background. You can turn any number of skills or passions into an income stream by turning it into a business you work on ten to twenty hours a week once you retire from your full-time career.

3. Breed crickets or earthworms.

You weren’t expecting this retirement income option, were you? But with a growing number of people taking on pet lizards and starting vegetable gardens, there is a wide-open market for both types of critters.

4. Start an online business.

Create a website based around something you are interested in and/or know a lot about – make sure the topic is broad enough to attract a large enough customer base. Either promote other people’s products you make commissions on as an affiliate (called “affiliate marketing”) and/or sell your own products, such as e-books, CDs or things you make yourself.

5. Sell stuff on Craigslist.

If you love to shop for bargains, you can spend a few hours every weekend scouring garage sales for items that are in good condition but being sold for a rock-bottom price. Then, you can re-sell them on craigslist for several times what you paid for them. It’s a bit more intense of a way to boost your retirement income, but if you have a passion for buying stuff anyway, might as well make it pay off!

6. Build a multi-level marketing business.

Combine it with a little knowledge about blogging and Internet Marketing, and you will have people coming to you, wanting to join your team. After doing this for a couple of years, your monthly commission check may exceed what your 401K is paying you!

Don’t make excuses for not having enough retirement income. Put one or more of these ideas into motion, and you may find yourself wealthier in retirement than you were during your working years.