Some seniors I know, particularly those who received a substantial retirement pay, had invested in popular franchise outlet. Two seniors were partners in a fastfood restaurant specializing in the beef and rice called Tapsilog which is a favorite native breakfast. Another opened up a bakery for the morning bread called pandesal. That was also my plan until my husband said that opening up a franchise store needs a lot of capital because just the franchise itself costs 500k pesos, that's more than $10k. If you have the money, would you invest in such a venture? When the going is good, it can be a source of steady income.