Are you in a bind? Do you need some quick cash to meet your daily or monthly obligations?
Well, all of us get in a financial fix at some point. Maybe your salary has been delayed, and you still have to pay your bills.
Perhaps you need to buy food, add fuel to your car or pay off another quick debt. Whichever your financial situation, there are simple ways to raise money quickly.
This article lists some practical ways to earn or raise some quick funds to meet your urgent needs.
Drive For Uber or Lyft
Uber, Lyft, and other taxi-hailing apps are good examples of reputable companies that offer excellent opportunities to make quick cash.
Of course, you will need a clean driving record, a relatively new or properly serviced car, and authorization to work from where you live. If you can tick all the boxes, then you can make some extra cash on the full-time or as a side hustle.
You can decide to rush and ferry customers at midday, at the wee hours of the night, or even during rush hour. You can also make money during weekends. It is a nice way to earn money fast!
Take On Some Gigs
If you are out of work and have some time on your hands, you can try selling your services.
For example, you may opt to babysit or pet-sit for friends or start up a neighbourhood dog-walking service.
According to research carried out by ZipRecruiter, the average hourly wage nationally is $28 per hour, while pet-sitting is $14 hourly.
You can also go grocery shopping for your busy friends and earn some quick cash. Pick an odd job that can work for your convenience and make a few bucks out of it.
Get A Car Loan
Car title loans are designed to help you with cash to pay bills, manage debt or cope with emergencies.
The loan uses your car as collateral. This means you have to own the car outright or owe very little to it.
The Car Title Loan Value is typically dependent on your car make, model, and general worth. The loan term is often short, usually fifteen to thirty days. It also applies to other vehicles, including trucks and motorcycles.
You can use this option for emergencies.
Get Money from your Retirement Accounts
It’s time to look at your 401(k).
Although there is a 10% penalty for withdrawing your retirement funds if you are younger than sixty years, sometimes it is worth it.
However, you can also look at other possibilities where the penalty can be waived.
An example is when you have unreimbursed medical expenses that exceed 7.5% of your modified adjusted gross income.
Alternatively, you can choose to borrow rather than withdrawing from your 401(k). This offers you quick money to get yourself out of an urgent fix.
In case you do not have a 401(k), but you do have an IRA, then don’t worry as that could also be a good source of funds for you.
Make Deliveries on Behalf of a Company
Some companies sell takeaway foods and other items to remote buyers.
In this regard, they need people to deliver the items promptly. This does not necessarily require you to have a car.
A bike will be enough to move around busier cities and downtown centers.
An example is PostMate, which allows you to make food delivery and pays around $25 per hour. If you have a bike and some free time, you may sign up to get delivery gigs to people.
And you know what?
Some clients actually give a generous tip. This means that you are likely to have made more money by the end of your deliveries than what you signed up for on the delivery company website.
Is that not a good thing? Try it and fix your financial burden today.
Photographs are a way of envisioning the world through lenses.
In fact, many people are gradually appreciating the art of photography and are willing to pay top dollar for a great photo.
If you are into photography, you can easily make a few bucks by selling photographs. The good news is that you do not have to own an expensive camera, although that would be a plus. You can easily use a nice smartphone to capture grand moments of nature.
You can sell via places like Shutterstock to generate passive income from your photography passion.
Besides, you can solicit people looking for photographers to cover their events such as weddings, engagements, child’s birthdays, or other such events.
With a good camera and some experience, it will be easier to earn some bucks.
Become A Fitness Trainer
If you understand fitness, you could become a personal instructor and earn some cash.
Many people who want to make progress in their fitness journey are always on the lookout for a trainer to help them with key hacks and help maintain their discipline in training.
The instructions come in different ways, including designing a meal or nutrition plan for them and getting clients for the local gym based on your location.
The pandemic has dealt a blow on physical learning and normal school routines.
Parents are still very keen on investing in their children’s education.
Many are signing up on sites that have tutors who can assist their children in various subjects such as music, playing instruments, and others outside the normal curriculum.
If you have a skill that you can impart to children, why not look up education sites to sign up and market your skills? It is a good way to earn extra cash doing what you love to do from the comfort of where you are!
In A Nutshell
The real beauty is that nowadays there are many ways to make money online and offline.
In case you get into a financial fix, you may want to consider some quick ways to get a bailout. You can sell your services, take on odd jobs, and take a quick loan.
Just be cautious of scammers around as you look for ways to earn or raise quick cash.
The author of this article is Saara Green, all views and opinions expressed are her own.
Thanks for reading, please let me know your thoughts and comments below.
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Sagar Sridhar is an accomplished personal finance blogger hailing from Canada. With a unique blend of quirkiness and enthusiasm, he has established himself as a prominent figure in the personal finance industry. Sagar’s passion for finance, coupled with his engaging writing style, sets him apart from his peers. While he has a background in computer engineering and a Master’s in Project Management, Sagar’s true passion lies in helping others manage their money. His writing has been featured in several top Canadian finance publications, solidifying his status as a sought-after voice in the field. Despite juggling his work and blogging schedule, Sagar remains resolute in his mission to make a lasting impact on the personal finance world.