From time to time, you can find yourself in a situation where you need money urgently. It can be an emergency and you don’t have some savings to get you out of the situation you are stuck in. Don’t get stressed. There are some quick solutions on how you can get money immediately. We will provide you with some strategies to earn fast cash.
Quick ways to get money
- Borrow money from friends, family, your credit card or a financial institution. Find out about Payday loans as they are your one-stop to get a loan quickly but could also push you easily into a debt trap.
- In case you own some property such as a car you can get a title loan. Pawn-shops can also provide you with a loan. However, these options can be expensive in the long run.
- Take on a quick job with a quick payout, such as delivery service, cleaning service, dog-walking or babysitting.
- Sell some of your stuff online or find gift cards that you can turn into cash.
- 1 Borrow Money from a Friend
- 2 Baby Sitting
- 3 Take Part in Online Surveys
- 4 Provide Online Reviews
- 5 Start a Delivery Service
- 6 Affiliate Marketing
- 7 Take Advantage of Cashback and Offers When You Shop
- 8 Start Freelance
- 9 Online Writing
- 10 E-Teaching
- 11 Sell Old Stuff Online / Sell Unwanted Stuff Online
- 12 Dog Walk
- 13 Sell Photos
- 14 Start Virtual Tutoring
- 15 Consider Investments that Earn Quick Returns
- 16 Invest in Robinhood
- 17 Take a Cash Advance
- 18 Get a Payday Loan
- 19 Final Thoughts
Borrow Money from a Friend
If you need money urgently, you can borrow some from a friend you trust. You need to be trustworthy to get a loan from a friend. Make sure you have a strategy to repay the loan and you can agree and write down the terms of the loan. Be honest with your friend and it would be best if you let them know why you need the money urgently.
If you love kids, you can create a babysitting gig and you can be sure to land a good deal. You don’t have to toil a lot. Talk to parents within your area and even if they don’t hire you, they can recommend you to a friend. You can also create a babysitting gig on your social media accounts and if your followers need your service, they will reach out to you.
Take Part in Online Surveys
Many companies conduct research online and want to find feedback about a product or service. They need you to answer simple questions about your experience using a product or about a specific research. You can sign up on online survey platforms and start taking part in online surveys. It takes around 30 minutes to complete a survey and in the end, you will have earned a few bucks. The average payout is usually up to $5 for taking part in a survey and payment methods include PayPal, gift cards, check, etc.
Top online survey sites for 2021 include Swagbucks, InboxDollars, Survey Junkie and Branded Surveys.
Provide Online Reviews
You can test and review products from home and earn a few bucks. You just need to give feedback about a service or a product. You can sign up on platforms like UserTesting.com, ProductReportCard, Opinion Outpost, and Daily Goodie Box and earn money for reviewing a product. It may take only 25 minutes to review a product or a service.
Start a Delivery Service
You can start a delivery service using a bike or a car. For instance, you can deliver food to offices or shopping to people’s homes. You can sign up on platforms like DoorDash, Shipt, Uber Eats, Amazon Flex, and GrubHub and work when you are free. Your work will be to deliver food, groceries and other stuff to client’s doors. You can also liaise with restaurants and they can hire you to make food deliveries for them. You can up to $20 per hour.
If you have a large social media following, you can make money quickly by promoting products and services via affiliate marketing. For every successful sale made through your link, you earn a commission. Think of something your friends would be interested in buying and then promote it. You can sign up on affiliate platforms like Amazon Associates, ShareASale, CJ Affiliate, Avangate Affiliate Network and ClickBank. Find out more from our article on how to earn money from affiliate marketing.
Take Advantage of Cashback and Offers When You Shop
You can start making and saving money by taking advantage of cashback when you shop. You can get between 0.5% and 10% when you shop. You can sign up on platforms like Swagbucks and Quidco.com and start getting cashback and offers from retailers.
You can make quick money working online on freelance platforms like Upwork and Fiverr. If you are skilled in a particular area like web design, SEO, or content writing, you can create a gig on a freelance platform. As an online freelancer, you will apply for online jobs and clients will hire you.
You can earn money by writing online while at your home by making use of your writing skill. You will need a computer with a reliable internet connection and good research skills and knowledge of the topics you want to write about. If you are a finance professional, you can make money writing online on Seeking Alpha. You can also monetize your content and make money from publishing via Substack newsletter.
If you have a Bachelors degree and a work permit for either the US or Canada, you can teach English online to kids. You will earn 14—22 dollar an hour from the comfort of your own home. You can set your own schedule and there is no minimum hour requirement. The platform VipKid will provide the lesson plan.
Sell Old Stuff Online / Sell Unwanted Stuff Online
You can make money by selling those items you no longer use. For instance, if you have some electronics in the house that you don’t need or use, you can sell them off. It can be a phone, television, computer, or tablet. Look for electronic kiosks that repair gadgets or ones that buy second had stuff there. Some of the platforms you can use to sell old stuff online are Gazelle, Decluttr, Amazon Seller, Craigslist, Swap.com, Poshmark, AbeBooks, NextDoor, Facebook Groups and Consignment stores. Find out more about what do do with your old stuff.
You can get money quickly by just walking a dog. You can use apps like Rover and Wag to find a client in need of dog walking services. Dog walking and sitting involves feeding it, taking walks and playing with it. You may not earn a lot, but at least you will earn a few bucks.
If you have photography equipment, you can start taking photos and selling them online. You don’t need a sophisticated camera; you can even use your phone. Online photography sites like Shutterstock, iStock and Stocksy buy photos.
Start Virtual Tutoring
If you are good at a certain subject, you can stare your expertise and make some cash quickly. You can set your prices while you also have the advantage of teaching remotely. In the wake of Covid-19, you can teach kids online and make money online.
Consider Investments that Earn Quick Returns
You can earn some interest in a short span by investing in projects with quick returns. You don’t need to invest a lot of money and you can start getting returns in less than a month. If you invest in peer to peer loans, you can start with as low as $10 depending on the peer to peer lending platform you are going to use. You should also consider the following investments that have quick returns (though not ideal for emergency funds): crypto investment, bank fixed deposits, savings account, and micro investing.
Invest in Robinhood
Robinhood is an investment platform where users trade in stocks, ETFs and cryptocurrencies. It is a low-risk investment platform and you don’t need to have a lot of experience to start investing. When you open an account with Robinhood, you get 1 share of free stocks. You can start by investing the bonus and a top-up.
Take a Cash Advance
If you have a credit card, you can withdraw money from an ATM machine against your credit card limit. It is expensive and it is not a cheap way to get cash fast. You may end up paying a high interest than you expected. Go for a cash advance if you have exhausted all the other means to get money fast. Make sure you also have a plan to repay the loan.
Get a Payday Loan
If you are in an emergency and you don’t have credit cards or any other alternative, you can consider taking personal loans. Payday loans have an average APR of 300%, so you will end up paying a lot more. You need to be very careful and make sure to research the lender. Also, make sure that you can repay the loan to avoid falling into a debt trap. I would recommend taking a payday loan as the last option in the worst-case scenario.
Sometimes you can find yourself in a situation whereby you need money urgently. Sometimes, what comes to your mind is getting a loan which might not be the best idea. Taking a loan should be the last resort since they have high interest rates while you also risk falling into a debt trap. There are many opportunities like the ones I just mention that can help you get money quickly. Ultimately, go for the best opportunity that won’t you financially in the future.