Content of the material
- I Need Money Now FAQ
- 42. Share Your Phone Number
- 15. Rent your recreational vehicle
- 47. Create And Sell Woodworking
- 6. Sell services on Upwork or 99Designs
- BONUS: 6 Creative Ways to Make Money Fast
- 58. Work Overtime
- 59. Pick Up a Second Job
- 60. Ask for a Raise
- 61. Test Websites for User Experience
- 62. Recycle Cans
- 63. Detail Cars
- Avoid These Sources of Immediate Cash If You Need Money Now
- Payday lenders
- Borrowing against your retirement
- Taking out a second mortgage
- Opening up new credit card accounts
- Borrowing from family and friends
I Need Money Now FAQ
You’ve asked us quite a few questions about how to make money immediately, and we’ve included the most commonly asked ones right here.
How Much Can I Make in a Day?
You can easily make over $100 per day with some of these ideas. In fact, if you possess a particularly lucrative skill and sell it on Upwork or Fiverr, it’s not unheard of to make four figures on a good day.
What is the Fastest Way to Make Money Today?
Online surveys and signup bonuses on a variety of apps and websites will likely net you a profit the fastest.
How Can I Get Free Money Now?
There are so many options, it’s easy to lose track. Signup bonuses, cash back rewards, online surveys, and online freelancing are just a few of the ways you can make virtually free money immediately.
42. Share Your Phone Number
Along the same lines as trivia, you can get paid for just using your mobile phone and allowing companies to know what you’re doing on it. For example, Nielson Mobile Panel is an app that you can earn rewards on just for having it installed. It will take snapshots of what you’re doing and use those for advertisers to know more about your demographic. It takes away some privacy, but you get paid for it.
Tools To Get Started: Nielson Mobile Panel Account
Income Potential: $20/mo
15. Rent your recreational vehicle
A lesser known segment of the sharing economy has cropped up with sites like RVShare. The truth is that most people who own recreational vehicles have them sitting around collecting dust. Why not rent them out and earn an income from that asset?
47. Create And Sell Woodworking
Woodworking has been gaining popularity in recent years, thanks to the popularity of celebrities like Nick Offerman who has shown off his woodworking skills.
If you enjoy woodworking, like crafting things like toys or furniture, you can also sell these items! People are always looking for unique items to have in their homes.
Tools To Use:
Income Potential: $1,000 per month
6. Sell services on Upwork or 99Designs
Upwork and 99Designs are great ways to sell higher-ticket services. If you’re a seasoned web developer, designer or have skills in other arenas such as the law or accounting or elsewhere, try your hand here to make a bit of money quickly. You will need some sort of track record. But, if you have existing clients, ask them to retain you here so that you can build up your online credibility quicker.
Making money online can help you earn some extra side hustle money, but it can also help you escape your 9 to 5 job so you can become a full-time entrepreneur. By brainstorming online business ideas and choosing to start an online business, you gain more financial freedom, improve your financial security, and inch closer to living life on your terms.
If you're looking for more online money making ideas, don't forget to check out Shopify's post on 25 Easy Ways to Earn Money From Home.
It really is possible to earn a living online if you work hard and stick with it. So, which side hustle will you try out first?
BONUS: 6 Creative Ways to Make Money Fast
If you’re a creative person, then the options open up!
58. Work Overtime
If you still get paid at a full-time job, you may be able to make extra money simply by working a few more hours.
Time and a half can be quite lucrative if you put enough hours in.
The first thing you should do is contact your boss to see if this is an option and then plan your calendar around taking extra hours.
Money Making: 1.5x your hourly rate for the number of hours you work
Time Needed: 30 minutes for a quick chat with your boss and then the extra hours you work
59. Pick Up a Second Job
If you have extra time on your hands, then a second job might be the best way to make money.
There are plenty of part-time jobs available; you just have to go to store windows and ask inside to see if they’re hiring.
While this isn’t passive and requires extra effort, it’s a more stable way and pays out predictably.
Money Making: Minimum wage or more for your city
Time Needed: A few hours to find jobs, spruce up your resume, and interview
60. Ask for a Raise
This is a great option for people who are already valued in their current jobs.
It’s time to make some extra moolah by buttering up your current employer.
You should understand that there is no guarantee when asking for a raise, but it certainly can’t hurt. These people made off like bandits from their raises!
Money Making: 5% is a realistic figure to aim for
Time Needed: 30-minute conversation should be sufficient
61. Test Websites for User Experience
If you find yourself browsing the interwebs a little too much, get paid for it!
This is something Kelan and I both did as we learned how to make money online fast.
Here are some sites that will pay you to test out websites for user experience:
These sites don’t charge you to be on their platform and are completely free.
Money Making: $10 to $15 per website
Time Needed: 5 minutes to set up an account and then 20 minutes to evaluate a website
62. Recycle Cans
We live in N.Y. state and there is a $0.05 return for all bottles and cans. It’s worth a few minutes to collect them and return them on your own to get that deposit back.
Our biggest return netted us over $80!
Just make sure your cans are completely empty and rinsed out before you go to recycle them. Also, note what kinds of recycling are allowed by your township as that can change from state to state.
Money Making: $0.05 per bottle and can
Time Needed: A few minutes to set aside your bottles and cans and then time to drive them to the drop-off location
63. Detail Cars
Unlike car washers that use an automated process to clean your car, detailers complete the process by hand and get paid for their attention to detail.
There are two kinds of detailing:
- Exterior detailing
- Interior detailing
Before you get into this business, gain experience working for someone else. People will get very upset if you mess up their car.
Another option for making money with cars is learning how to flip cars for profit.
Money Making: $150 to $250 per car
Time Needed: A few hours to complete a detailing job
Avoid These Sources of Immediate Cash If You Need Money Now
Sometimes what seems like the simplest or easiest solution comes with the most risk. Before using crowdfunding or opening up a new credit card, make sure you carefully weigh those against the benefits.
Using a payday lender seems like the most effective way to get cash when you need it. The process is simple, locations are easy to find and accessible, and you’ll walk out with money in hand.
However, the interest rates can be 400% APR or more, and the repayment term is short, making it difficult to pay back the money you borrowed without having to take out another loan.
It’s easy to find yourself perpetually indebted to the loan company. If you truly have no other option besides a payday loan, do whatever you can to pay back the initial loan by the due date to avoid getting trapped in the payday loan cycle.
Borrowing against your retirement
While you can borrow against your 401(k) for a tax-free loan, it’s generally not a good idea. This comes with a large opportunity cost.
When you take out money from your retirement account, you lose any compounding interest and your contributions decrease, along with any possible company matches. If you do borrow against your 401(k), make sure you fully understand the repayment options and consequences.
Taking out a second mortgage
Taking out a second mortgage or home equity loan or line of credit isn’t the worst option for getting money now, but it is something to consider carefully.
By borrowing against your house, you’re using the equity in your home as collateral, impacting your home’s resale value. Second mortgages can be expensive thanks to things like appraisals and fees, and if you don’t pay your loan, you risk losing your home to foreclosure.
Although interest rates are generally lower than credit cards, make sure to carefully weigh if this is the best option for getting quick cash. Proceed with caution if you go this route.
Opening up new credit card accounts
Like payday loans, opening up a new credit card gets you access to funds instantly. It’s a simple process that you can usually complete online, and you’ll immediately know your credit limit.
It can be a practical option, especially if you have a plan to repay the money, but it can also be a dangerous one if you rack up a huge balance. You don’t want to end up in a more precarious financial situation than when you started.
Make sure you read all the fine print, especially if your new card comes with a 0% introductory APR. If you don’t repay the balance before the offer expires, you may be charged extra back interest. If the card comes with a cash-back bonus, find out if it applies as a statement credit or a deposit into your bank account.
Borrowing from family and friends
Asking friends or family for money can be a humbling experience. It’s difficult to admit being in a financially vulnerable position, and it’s even harder to ask for help. If you have generous friends or family members, they might be willing to provide you with an interest-free short-term loan.
If that happens, both parties need to understand the repayment terms and other conditions. You need to make sure you’re fulfilling your obligations to them and not engaging in frivolous spending. Be sure that borrowing money from them won’t negatively impact your relationship. If you have any doubts, don’t ask.
GoFundMe or other crowdfunding platforms may seem like a good idea for getting money when you need it, and it prevents the embarrassment from asking friends and family directly. However, it comes with many of the same risks.
You may open yourself up to criticism, comments, and insults about your financial situation and you as a person. If you have a strong community and support system and are aware of the possible backlash, then crowdfunding may be an okay option.s