A Collection of Ways to Make Money Fast
By Steve Gillman
Are there legal and ethical ways to make money really quickly?
Of course there are, but they're primarily short term solutions.
Use them for to raise some money quickly, but don't think these
are get-rich-quick plans. With that in mind, here are a few ways
to make some money fast.
Sell More of Your Time
I like this plan the least, but it is one of the most reliable.
Simply work longer hours at work, or get another job. As a way
to make money fast it has the added benefit of taking away time
you might otherwise use spending more money. So take those
shifts from other employees, stay late at work (if you are paid
hourly), volunteer for holidays, and so on. If you don't like
this plan, keep reading...
Sell Your Time for More
This is a slightly better way. To sell time for more money,
do one of three things. Look for a higher-paying job, negotiate
a raise (this works best after the first option), or get paid
for what you produce, if you are a productive worker. This last
one could mean getting paid by the piece in some jobs, or getting
paid commissions in a sales job.
Arbitrage Based on Your Expertise
What is arbitrage? Buying low and selling high in markets
that have pricing inefficiencies. Suppose a used car of a particular
model and year normally sells for $4,500 - and you know this.
Watch for an opportunity to buy this car for less, and you can
resell it for a quick profit. I know people who regularly make
$1,000 to $3,000 per vehicle buying and selling cars out of their
It's not about cars, though, but about the principle. Where
is your expertise - what can you put a price on and find a buyer
for? I knew someone who regularly bought used restaurant equipment
for half of what others were paying. Even engagement rings and
dogs are "turned" for a profit in this way.
If you have no cash saved for this plan, get a credit card
advance. Paying $100 in fees and interest is unimportant if you
make $1000 buying and reselling a coin collection, right? No
credit? Get a partner. If my friend who knows boat prices ever
tells me he can get a $5,000 boat for $3,000, I'll put up the
money for half of the profit. I love making hundreds of dollars
in just weeks just by playing with money - and others do too.
Flip a House or a Contract
Essentially, you offer a low price for a home (often a fixer-upper),
and put in the offer the right to assign the contract. You also
put a clause in there letting you cancel the contract if you
can't get financing - your risk-free way out.Then you find an
investor who will buy the contract from you for, say $8,000 (he
expects to make even more when he fixes and sells the home).
Your risk? Mostly time. I have known people who have done
this repeatedly, making as much as $20,000 at a time. Education
and experience helps a lot here, because without it you can waste
a lot of time - your own and other's.
More Ways to Make Money Fast
Sell your things if you aren't using them, or if you just
value more the other things you'll do with the money.
Have a business? Sell accounts receivable. The buyers call
the process "factoring." I have a friend who often
has $15,000 owed to him by various clients, and is always facing
cash-flow problems. He could sell these accounts receivable tomorrow
to raise cash, but I don't tell him. They do sell at a discount,
after all, and this constant reducing of long-term income to
raise short-term cash can be a bad habit to develop. It is a
way to raise money fast, though.
Cut your expenses. Cancel the movie channels. Buy a cheap
used car for cash and get rid of your car payment. list every
single thing you spend money on, and find ways to spend less
for half of them. If you are surviving now, and can spend $500
less per month, you can bank that money and effectively make
Use whatever you've got to make money fast. Have a home? You
could rent rooms. If you are single, you could rent a room instead
of an apartment, and bank the difference. Extra time? Start a
business on the side. If I want to make more money fast, I can
mail an offer to my lists. Of course, this is because I put in
the time to build my internet business, which brings up an important
If you think you'll start a business today and be rich in
a few months, you're probably doomed to struggling forever. It's
not that it's impossible. Take away a rich man's last penny,
and chances are he'll have more money than you three months later.
But this is because he has spent years learning about money,
and making contacts.
Some of these ways may seem too mundane. Perhaps they are,
but then, how much do you want that money? If you were to move
to a cheaper apartment, get a raise, work Saturdays, sell your
unused things, and buy and sell something for a profit once each
month, you could bank a lot of money relatively fast. Enough
to start a real business for longer-term wealth building.
Ironically, those looking for methods to make money faster
and in easier ways are least likely to make it. Opportunity seekers
chase easier ways instead of making strategic plans and commitments.
You can make money fast using the ideas here, but don't think
you'll attain real wealth without some kind of commitment to
learn do what is necessary.
For many more ways
to make money quickly visit the website EveryWayToMakeMoney.com.
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