You may not believe it, Obama, who has retired for many years, has a variety of ways to make money, and the most important thing is that his income is hundreds of times higher than when he was president
Under U.S. law, outgoing presidents are eligible for an annuity, which guarantees that they don't have to worry about basic expenses. The current annuity is about $219,200 per year, which is enough to pay their employees and buy office supplies. But let's go further and see how they sustain that luxury life.
In addition to pensions, many outgoing presidents earn money by writing books and speeches. Former President Barack Obama's "My Father's Dream," for example, earned him more than $10 million, and one of his presentations cost around $200,000. Or look at Clinton, who made millions of dollars in post-office speeches. These are all powerful sources of income.
In addition, many outgoing presidents have chosen to earn extra income by becoming advisers and board members. Because of their unique experience and connections, these positions pay them handsomely. Use their fame and influence to start a foundation or provide public service for a cause they care about. Although these foundations do not provide income directly, they do provide resources and opportunities, which is how they continue to advance important causes after government service ends.
Outgoing presidents have a diverse source of life, but they all have the same, relying on the knowledge, experience, and influence they have accumulated during their tenure. That's why they continue to be involved in public life, whether it's through writing, speaking, or public service. Former presidents of the United States have no shortage of ways to make money, and they have been able to use their experience, fame, and influence to create a rich source of income in their lives after leaving office.