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Times are hard for many right now, so naturally, interest is growing for side hustles, new niche markets, and cash-generating tips.
An online post asks people for advice on the quickest route to earning some spare change in these torrid economic waters. Here are ten takeaways.
1. Sell Plasma
One person suggests, “Sell your plasma.” There are plasma donation centers all over America, paying between $30 and $60 per session.
However, those considering this idea must be warned not to become reliant on selling one’s bodily fluid. This method should be regarded as for emergencies only.
2. Identify A Marketable Talent
We all have something we are good at or some experience we can offer. We can find different ways to make money by polishing up our strengths.
Can you clean cars? Start offering a mobile detailing service, or even rent a weed-whacker for the afternoon and go door-to-door, offering a quick service.
3. Fulfill An Unmet Demand
“Sell something that everyone wants at an attractive price with a fat profit margin,” says a straight-talking individual, “as fast as you can fulfill orders.
One thing missing here is the capital required to secure that product. However, saving for a few months will give anybody a chance.
4. Get Good at Poker
If you regularly sweep up at your buddies’ poker night, you can make money playing online.
Any budding Daniel Negreanu must know the risks. “Gambling, of course, involves a lot of risks,” advises a commenter,” but making money fast involves a lot of risks.”
5. Invest in Crypto
“If you know market strategy, you can invest (an) amount in Crypto or Binary trading to earn more instantly,” says a gentleman, sounding rather like an ad.
He (it) is correct: short-term crypto trading still pays off for some people if you know how to. If, like me, crypto is your mental Kryptonite, some apps do the investing for you.
6. An Indian Lesson in Value
A gentleman from India shares insight on how street trading works in Mumbai, explaining how one bag of garbanzos can grow in value when prepared well.
Taking stock of all overheads, he shows how “the end product would be so delicious” that an investment of 100 rupees can generate 70% profit. By upscaling this to more bags of legumes, he says, “This is how money makes money.”
7. Use What You Need
“Only carry the amount of cash you need for that day,” a spending hawk suggests. “Leave the rest of your money and the credit cards you don’t need.”
The key here is leaving the cards at home. However, just wait until a cashless society is here!
8. Face Reality
Unless you are considering criminal activity, making a fast buck is a pipe dream for most. “Sell everything that you have, go to a casino, and put all your money in one number of the roulette!” jokes someone living in reality.
“Oh, you mean ‘make money fast and easy without the risk of losing everything? There’s no such thing.”
9. Risk vs Reward
The high-risk-high-gain strategy works for some individuals: bank robbers, substance dealers, and street workers, mainly.
Sadly, legal forms of fast money are just not abundant like illicit endeavors. There is a reason people turn to crime — they don’t have the patience for long-term rewards.
10. Upcycling
If you have time free, why not scour the thrift stores and junk yards for castaways? If you are adept at fixing, treating, or upscaling furniture, why not try it?
“If you are willing to spend your time fixing some of these items, you can make a lot of money,” promises a fan. “Finally, you can buy these broken items at a throwaway price and sell them at a better price after you’ve fixed them.”
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Here are over 25 great ways to make up to $1,000 in a short amount of time.
Make Money With Your Body
Did you know you can make money with your body? While there are ways to earn an income doing things that you might consider objectionable, there are many other options out there that are quite normal.
Take for example selling blood plasma or taking part in research studies. If you want to know how to make money using your body (and put forth very little effort in the process) you need to check out this article.
HOW TO MAKE MONEY WITH YOUR BODY
Sell Feet Pictures For Serious Cash
Selling pictures of your feet can be a significant income stream. Some people report earning six figures a year doing this easy job.
All you need is a camera and two feet and you are in business. Here is all you need to know to make life changing wealth selling images of your feet.
HOW TO MAKE MONEY SELLING FEET PICS
Under The Table Jobs That Pay Cash
If you need cash right away, a typical job won’t work for you. You will have to wait a week to get paid, or in some cases, two weeks.
Luckily there are other options out there. Here are the best places to make cash under the table and walk out with cash in hand at the end of the day.
BEST UNDER THE TABLE JOBS THAT PAY CASH
This thread inspired this post.
I have over 15 years experience in the financial services industry and 20 years investing in the stock market. I have both my undergrad and graduate degrees in Finance, and am FINRA Series 65 licensed and have a Certificate in Financial Planning.
Visit my About Me page to learn more about me and why I am your trusted personal finance expert.