You've accumulated a wealth of knowledge, experience and hobbies over the years, so why not turn them into a money-making venture? You don't have to be an accounting genius, computer programmer or work 100 hours per week to earn extra cash with a side hustle.

Digital transformation is changing the world we live in for the better, and you can take full advantage of it. Below are five of the best side hustles for over 50s, and they don't even require any prior experience.

Pet Carer

Love animals? You can make money taking care of people's pets while they work, go on vacation or any other time they can't be home. Set up your own site using a free tool or sign up for one of the many pet-sitting gig websites online.

Rental Host

There are websites that let you make money on your spare room—or your entire property while you're on vacation. Real estate rentals are a great way to make passive income with barely any effort at all.

Freelance Writer

If you've got excellent written language skills, you can join the growing workforce of freelance content writers. Thousands of blogs and websites get set up every day—and they won't write themselves!

Life Coach

Use the wealth of wisdom you've earned to help other people reach their potential as a life coach.

Vending Machine Owner

Got a thousand dollars spare? Get an excellent ROI and earn passive income by investing in a vending machine and choosing the perfect spot for it.