Do the Hustle: Top 4 Ways to Get Cash Fast
February 1, 2019 | By Mason Roberts
It seems that everyone has always had the mind to hustle for fast cash, and 2019 is no exception; however, it is a lot easier to find this elusive fast cash today than it used to be.
First and foremost, the internet is a trove of opportunities in a variety of ways that many seem to be unaware of, and there are many resources available to educate and help people understand how to best utilize their money.
The most powerful weapon is knowledge, so we’re going to give you as much power as possible to fight the costs in the struggle for money. How do you begin to get cash fast? Let’s start with relieving a little dead weight.
1. Go Minimalist: Sell Your Junk
Before we do anything extra, let us first put to rest the excess possessions of the past. Do you really need that stack of board games you haven’t touched in a year? You have two old phones in your drawer, are both totally necessary as backup? What about all those clothes? Selling your junk is not only a good way to make a little cash, but it’s also a nice way to clear up your home. Let’s consider the ways in which you can make the most of this loss.
Selling Your Clothes
What do you really wear these days? Some people have the unique sense to wear everything they have, but not all of use cycle through the whole wardrobe. It might not be a bad idea to clean out your closet, because if you haven’t worn that dress in the past year, then how useful is it really?
Here in Georgia, you can bring your clothes to stores like Plato’s Closet and Clothes Mentor, and you just might make more than just a few bucks if it’s designer threads. You can also use online resources like Instagram or Facebook—it’s really a win-win when you make money off things you don’t need.
Pawnshop and Second-Hand Stores
Your spring cleaning (or summer, winter, fall cleaning) doesn’t have to stop at clothes. If you have extra cellphones lying around or other electronics you no longer find yourself using, you can sell them at a pawn shop or even a little thing called an ecoATM.
You can also take any books collecting dust, furniture, or tools to second-hand stores like 2nd & Charles, where they do research on your items to evaluate their worth and offer you a little under that total for everything you have brought.
Sell or Re-Gift Gifts
Holiday debt packs quite the punch. If you find that the holidays have passed and you’re in a bit of the budget blues, you can take the gifts you’ve received and re-gift them to others for birthdays or future holidays and save your future-self money. You can also sell those gifts to make some quick cash.
If the idea of traversing into an antique shop or second-hand stores gives you the willies, then maybe try selling your items online. There are online markets such as eBay, Craigslist, Amazon, etc. where you can sell and even have bidding wars for your items.
You, of course, would need to do a little research to see what you’re selling is actually worth, but that way you can simply ship or have the new owners pick up the junk you no longer want. And the best part about any of these options is that you get cash fast as soon as you exchange your old stuff.
Even at the places that evaluate the worth of your items, it takes no longer than a few hours to receive cash back, and while it might not pay your rent, it could certainly help you towards a larger goal.
2. The Side Gig Fiesta: Work a Little Extra
You’re working a fulltime job, forty hours a week, but that’s still not giving you the cash you need. Whether it’s for your monthly budget, your savings, or that medical bill that’s suddenly cropped up, what you’re making isn’t going to cut it—so let’s consider working a little extra. You could, of course, go the traditional route and get an extra part-time job, but there are other ways to hustle cash fast.
Rent Out Your Home or Car
Like I said before, there are so many resources at our disposal to make money that are surprisingly easy to manage. Take, for example, renting your home out on Airbnb. Airbnb is a website that manages the advertising, organizing, and safety aspects of using your home as a mini hotel.
You can even limit your availability to a single room in your home if you don't have anywhere else to stay, and so long as you don’t mind the stranger in your home, it makes for a wonderful way to make money on the side.
Similarly, you can use your car to make deliveries for food or as a taxi without having to do much more than open an account on an app like Instacart or Lyft. So long as your car and driving history is horrendous, you can easily sign yourself up and work when you like.
In cities like Atlanta or other places where large events happen you can stack up your cash count pretty quickly in a short amount of time. If you can’t maneuver a traditional part-time job around your fulltime job, then making your own hours through this process might work best to make cash quickly.
Surveys, Writing, Reading—Oh My!
While it might not be the most lucrative or instantaneous, you can also look into making money by completing surveys online. There is a list of recommended survey sites that pay at different ranges, and the more you do, the more you make—especially if you do so on more than one site.
You can also make money by proofreading articles and writing reviews or articles of your own. Websites like Listverse and Slice the Pie allow you to share your opinions fairly casually while making money, and the amount of time that would be required to commit to these activities is not at all heavy. You can do this from home, even while you’re watching a movie or listening to music.
Walking the Dog
Some ways to make a little more sometimes circle back to childhood—walking the dog, mowing the lawn, babysitting, etc. There are apps now for dog walkers and websites dedicated to tutoring from home, so there’s some leeway to sell yourself in these areas.
You might find yourself making a lot of money in the tutoring and babysitting business as well, as the hourly rate for these jobs can become quite high when parents desperate for assistance with their children.
3. Penny Pinching: Save a Little Extra
One of the quickest ways to make money is to save it. It might sound simple, but as we all know, if it was, then we’d all have nice fat savings accounts; however, there are small habits you can form that will make this process more fruitful:
- Determine if your wants are needs
- Create an automatic withdrawal of a set amount from each paycheck into a savings account
- Budget by separating expenses with cash in envelopes and do not spend beyond the amount set aside
- Consider an expensive purchase for 24 hours before buying to determine if it is a necessary
- Make your lunch instead of buying it
- Go generic on products including over the counter medicine
- Keep the sun out of your home to make your home cooler and use the AC less
- Keep aware of your spending and saving on apps such as Mint, where you can also make a spending limit and track where you’re wasting money most
4. Play the Game: Refinance Your Loans
Debt can be a huge leech on your spending, and make life a whole lot harder. It might not initially occur to you, but there are alternatives to dealing with your debt rather than just paying it off through the initial terms. Now, this won’t be nearly as fast as the previous options, but it could prove a quicker route to saving your money rather than trudging through the original loan.
Depending on the nature of your situation, you might be able to utilize an installment loan to build your credit back up. Let’s say for example that you have quite the sum situated in student loans—student loans are notorious for having insane interest rates, which can make the process of paying them off seem impossible. Do a little research into credible alternate installment loan with a lower interest rate to help yourself in the long run.
If you transfer your debt into that new loan and pay off the one with the higher interest rate, then you’ll have an easier time handling the money you owe, and build your credit in the process.
Credit Card Debt
The same can be said with credit card debt. Credit cards work on a system of revolving debt, meaning that they have a range of credit to be used and must be paid on a flexible monthly requirement.
If your credit score has taken a hit from outstanding debt on your credit card, then an installment loan can take some of that weight off and assist you in paying it off with smaller interest rates. This would best be used in avoiding maxing out your credit card, which you’d want to avoid because it increases your credit utilization rate and significantly lowers your credit score.
Debt consolidation may hurt your credit score, albeit temporarily. If you are taking on more debt, you will go through a period of time when your score dips; but, if you pay off the loan within the agreed upon time responsibly, then your credit will be in a lot better shape than prior to your consolidation.
It’s vital to keep in mind that this method only works if you use the loan to retire existing debt as opposed to taking on more. Building your credit through an installment loan has the potential of saving you money quickly on a monthly basis, and your credit score in the long run.