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Are you in an unexpected situation where you urgently need money now?
If you desperately need to make some extra money now, the last thing you want to do is to ask for a loan from friends and family (or worse rack up credit card debt).
Instead, there are actually many legit and FREE ways to help get you some quick cash to cover your unexpected expenses.
Turn Your Possessions Into Instant Cash
1. Sell Old Stuff In Your House
Do you have things in your house that are not being used any more?
You’ve heard the old saying, “one person’s trash is another person’s treasure.”
Things that you stopped using might be things that another person want badly.
For example, there are a lot of children’s toys in my house which my boy has stopped playing with.
So, what I did was that I listed them on online marketplace app. In a matter of days, all my items were sold.
So, it’s time to go through your house and find used stuff that you can sell immediately for extra cash.
2. Pawn Something Valuable You Have
This is a quick way to turn something valuable you own such as jewelry into cash.
To locate the nearest reputable pawn shop, you just need to do a quick search on Yelp for pawn shops in your area that have good reviews.
But the hard truth is that you won’t get a fair price on your valuables. And that’s the price you need to pay to get fast cash.
3. Rent Your Room
If you have a spare room in your house, you can consider renting it out on Airbnb or other local room rental sites.
This method works best if you are staying in a popular tourist destination or near universities.
Another option to get the most cash out of your existing house is to move back in with your family or friends and then rent the whole house out for more money.
4. Make Money With Your Car
If you have a car, you can sign up with Uber or Lyft and start making money driving people around.
On average, you can expect to make about $10 to $20 an hour after expenses.
There are also two additional ways to get extra cash while driving for Uber.
For example, you can get paid by Cargo a monthly rate for selling products like snacks and headphones to passenger.
Play Octopus also pays drivers to mount a tablet that offers trivia games and plays ads.
If you need money now but don’t have time to drive people around, then you can rent your car using this car-sharing service called Getaround.
5. Deliver Food With Your Bike Or Scooter
There are food delivery companies like UberEats that you can sign up with to get paid delivering food with your bike or scooter.
You can expect to make about $10 per hour on average.
Make Money Freelancing Online
6. Sell Gigs on Upwork
If you have a marketable skill, you can turn that skill into a service and sell your services on Fiverr or Upwork.
For example, if you are good at graphic design, you can offer logo design or poster design services to businesses.
If you are good at writing, you can offer writing services to companies who need freelance writers.
Here is how it works.
First, you sign up for a free account on Fiverr or Upwork.
Next, you list your gigs there for potential clients to find you and your services.
How much you can make really depends on the project you do as well as the price you are able to command.
If you need money fast and now, it’s better to offer services that you can complete in a very short time period such as logo design or resume editing.
7. Service Arbitrage
What if you don’t have a marketable skill?
A few years ago, both my husband and I lost our jobs unexpectedly. The company that we both worked for suddenly closed down.
So, we needed to make some money quickly to help pay the bills.
After some research, I found out that the fastest way to make money was to sell services.
But, there was one problem – no sell-able skills.
Then, an idea struck me.
Why not sell other people’s skills?
Then, I noticed that there are literally hundreds of thousands of talented freelancers selling their skills on freelance platforms such as Fiverr & Upwork.
And, a lot of them are always looking for more freelance work.
So, why not get clients for the service they offer and outsource the work to them?
And I call this business Service Arbitrage.
So here’s how it works.
First, you find in-demand services that freelancers are already offering at a super low price on freelancing websites.
Then, you market their services to businesses that need it. Once you get a sale, you hire the freelancers to deliver the work for you.
How you make money is that you quote a higher price to your clients than what your freelancers quote you and pocket the price difference as your profit.
This can be considered another variant of freelancing.
The only difference is that you are outsourcing the work to other freelancers instead of doing the work yourself.
Easy Ways To Make Quick Cash Now (In Your Neighbourhood)
You can become a tasker with TaskRabbit to help people in your area get things done around their home such as installation, cleaning moving and home repair.
Depending on the project you do, you can expect to earn somewhere from $50 to $150.
9. Dog Walking & Sitter
If you a dog lover, why not get paid walking dogs for people in your neighborhood.
You can either approach families with a dog to promote your services. Or you can use apps to help you find dog walking, sitter, boarding host jobs.
For example, Wag! provides 24/7 on-demand access to people seeking dog walking as well as sitters and boarding services in your community.
On average, a dog walker can make as much as $20 per walk.
If you are good with children, you can babysit.
There are many parents who need help watch their children while they are out. To get a babysitting job, there are websites and apps such as Sittercity you can use.
On average, you can expect to make $15 per hour as a babysitter.
11. Teach English Online
If you are a native English speaker with a Bachelor’s degree, you can apply for online teaching jobs to teach English as a foreign language to children in China. If you have a TEFL certificate, then your chances of getting hired will be much higher.
There are quite a few reputable online education companies such as VIPKid and QKids. When you work with them, you can work from home and set your own hours.
All the lesson plans and teaching materials are provided, so you don’t have to come up with it yourself.
The average hourly rate is about $14 to $22/hr.
12. Give Tuition
If you have experience helping students with any school subject or study for exams such as SAT. There is always a high demand for online tutors and also private home tutor.
The hours are flexible. All you will need a computer with a regular high speed Internet connection.
It pays up to $25/hour.
13. BEST OF ALL: Start Saving For Emergency Fund
If you find yourself in need of money urgently, then it should be a wake-up call for you to start getting your personal finances in order.
You see, everything comes down to this simple formula:
Savings = Money Coming In (i.e Your Income) – Money Going Out (i.e Your Expenses)
So, if you start finding ways to increase your income and at the same time cutting down your expenses, then your savings will go up.
Let’s say if you can commit to saving at least $200 a month for your emergency fund, you will have at least $2400 in one year.