The post How to Make $5,000 FAST appeared first on Millennial Money.
Wondering how to make $5000 dollars fast? Fortunately, there are plenty of ways to make extra cash quickly outside of a full-time job.
We’ve rounded up the top ways to make money fast and hit your $5k goal. You may even find a new side hustle you love that can carry you beyond your short-term money-making goals.
19 Easy Ways to Make $5,000 Fast
Here are 19 legit ways to make $5k fast. Keep in mind that some of these ideas are more lucrative than others and some are quicker than others. Your best bet is to combine multiple strategies to earn $5,000 fast.
- Rent a Home, Car, or Storage Space
- Sell High-Value Items
- Make Deliveries
- Invest in Stocks
- Sell Stuff Online
- Freelancing
- Drive for Uber or Lyft
- Real Estate Investing
- Start an Online Business
- Teach or Tutor People
- Start Flipping
- Do Odd Jobs
- Sell Stock Photos
- Dogsit on Rover
- Take Online Surveys
- Get Paid to Browse and Shop
- Use Money-Saving Apps
- Sell Plasma
- Take Out a Personal Loan
1. Rent Your Home, Car, or Storage Space
Here are a few platforms that can help you earn $5,000 by renting out your space or vehicles:
- Airbnb: Whether you have a spare bedroom or a full home, you can quickly make a few thousand dollars by renting out your space on Airbnb. It’s free to join and doesn’t charge host fees.
- Turo: You can also earn money fast by renting out your car on Turo. Use Turo’s calculator to see how much you can make in a year based on your location and vehicle type.
- Neighbor: Neighbor lets you rent out storage space, like a spare closet, garage, or even a spot in your driveway. How much you make depends on where you live.
2. Sell High-Value Items
One of the best ways to earn quick cash is to sell valuable items.
You can sell or pawn anything from antique jewelry to an instrument, artwork, or gaming system. If you’re in desperate need of cash, you can also sell a car.
3. Make Deliveries
There are several great delivery apps that can help you make money in your spare time. Here are some of the main types of delivery apps and some of the best ones you can drive for:
- Food delivery: Doordash, Uber Eats, Grubhub
- Groceries: Instacart and Shipt Shopper
- Packages: Amazon Flex drivers can deliver Amazon packages, food, and groceries.
Delivery rates vary depending on where you live and what you’re delivering, but you could make up to $25/hour, plus tips with some delivery services.
4. Invest in Stocks
There are several excellent stock trading apps that can help you pile up extra money.
Webull is an awesome choice for experienced active traders. I recommend SoFi Invest or Acorns for beginners.
5. Sell Stuff Online
You could make a lot of money selling clothes and shoes on Poshmark. You can also make quick local sales on furniture and other items on Facebook Marketplace.
Etsy and eBay are also popular sites where you can create a profile to sell your stuff, with Etsy working best for handmade goods and vintage items.
You can even try reselling your old appliances and electronics for scrap metal.
6. Try Freelancing
Freelancing is another great way to beef up your bank account. With platforms like FlexJobs, Fiverr, and Upwork, you can sell services in your area of expertise.
According to Upwork, some of the highest paying gigs are freelance writing, web design, programming, and virtual assisting.
7. Drive for Uber or Lyft
Driving with Uber or Lyft is another popular way to make money with your car. You could rack up an average of $16 to $18 per hour and earn extra by driving at peak times in major cities. With Uber, you can cash out as often as 5x per day.
Check out Wrapify, Carvertise, or Stickr to make even more money with your car by using it to advertise for businesses.
8. Invest in Real Estate
Did you know you can invest in real estate without pouring hundreds of thousands of dollars into properties?
Fundrise is a real estate investment platform that lets you invest in real estate investment trusts (REITs) with as little as $10.
9. Make Money Online
If you’re a gamer, you can make money live streaming on Twitch. Or you could start a Youtube channel, social media account, or blog.
Some bloggers make thousands of dollars each month with affiliate marketing, getting paid by brands they recommend when people click on links in their content.
With a solid gameplan, you could be earning passive income on these platforms in a few months’ time.
10. Teach People
Tutoring is one tried and true part-time gig that can help you pick up some cash. Or, you could share your wisdom in an online course for passive income that keeps on earning.
You can put a course on your own website or use a platform like Teachable.
11. Start Flipping
You may not be able to turn a profit flipping houses in a day, but it’s a lucrative side hustle with high returns.
And there’s more to flip than houses. You can also flip furniture, clothing, electronics, cars, and even websites. Stay on top of Facebook Marketplace and Craigslist, and check out yard sales and thrift stores to find items that would make for a profitable flip.
12. Do Odd Jobs
You don’t have to be an expert web developer or copywriter to make money as a freelancer. You can use Zaarly or the TaskRabbit app to pick up odd jobs, like cleaning, putting together furniture, and shopping.
13. Sell Stock Photos
If you have a knack for photography, use an app like Foap or Snapware to sell your photos and make your hobby profitable.
14. DogSit on Rover
If you love animals, consider making a profile on Rover to book dog sitting and dog walking jobs in your area. According to Glassdoor, sitters on Rover average $20 per hour. You can set your rates and make more money as you establish yourself as a pro.
15. Take Online Surveys
Disclaimer: You aren’t going to make hundreds of dollars overnight taking online surveys, but it’s a quick, simple way to earn on the go.
Survey apps like Branded Surveys, Swagbucks, and Survey Junkie offer easy surveys you can complete for around $.50 to $2.00 in cash or gift cards. These sites often offer free money bonuses when you sign up.
16. Get Paid to Browse and Shop
Some legit survey sites will also pay you for carrying out everyday tasks.
You can get extra rewards points on Survey Junkie for sharing your browsing activity, and Ibotta will pay you when you shop with its browser extension.
17. Use Money-saving Apps
You can also save your way to $5,000 with apps and extensions. Capital One Shopping checks your email for receipts and gets you refunds if the price drops on items you purchased.
Trim can also help you save money by canceling unused subscriptions, negotiating lower bills, and improving your spending habits.
18. Sell Plasma
Most plasma donation centers pay donors around $50 to $75 per session, and many private companies let you donate twice a week.
If you want to help make a difference and aren’t squeamish, this is a solid way to add $400 to your monthly income.
19. Take Out a Personal Loan
If you’re in a bind and need $5,000 immediately, you may want to consider a personal loan. I recommend LightStream or SoFi for fast funding.
Interest rates on personal loans are based on your credit score. Before taking out a personal loan, consider your personal finances.
Be sure that you have the means to pay it off quickly and compare quotes from multiple lenders to get the best rates.
What’s the Best Strategy to Make 5K Fast?
As you can see, there are a lot of ways to go about making $5,000 in a short amount of time. Whether you rent out your car, flip furniture, or become a freelance writer, you can create additional streams of income to help you reach your financial goals.
While some of the methods listed are more profitable than others, as I mentioned earlier, your best bet is to combine multiple strategies to earn $5,000 fast.
Consider your skills, interests, and the amount of time you have to put in to decide which strategies are best for you. You’ll be $5,000 richer in no time.
The post How to Make $5,000 FAST appeared first on Millennial Money.
from Make Money Archives - Millennial Money https://ift.tt/ChjJGu0
August 04, 2022 at 12:09AM
No comments:
Post a Comment