See if You Can Get Free Money From This Company
The game is based on a classic bubble-shooter format, and you’ll battle it out against other players within your skill level to see who can clear the board fastest. Everyone gets the same layout, so winning is totally a matter of skill. The top three players who clear their board fastest can win real money — anywhere from 800 to $83.
But with an app called Stash, it doesn’t have to be. It lets you be a part of something that’s normally exclusive to the richest of the rich — on Stash you can buy pieces of other companies for as little as 800.
That’s right — you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more for as little as 800. The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends. 1
It takes two minutes to sign up, and it’s totally secure. With Stash, all your investments are protected by the Securities Investor Protection Corporation (SIPC) — that’s industry talk for, “Your money’s safe.” 2
Clean up Search Engine Mistakes
They’re vulnerable to errors, so they need real humans to look at the results and judge them for quality, relevance and usefulness. And those humans can get paid around $12 an hour for the work.
You can also make money by buying designer clothes for cheap, then selling them on the site to the highest bidder. If you have an eye for fashion — or at least the most popular labels — you can track down inventory at local thrift stores.
Create listings for your items, making sure to include well-written item descriptions and quality photographs to give your listings a professional polish (and get top dollar). Check out similar items to get a sense of where to set your starting bid, and be sure to incorporate the costs of shipping and eBay’s seller fees into your price.
Avoid These Sources of Immediate Cash If You Need Money Now
Sometimes what seems like the simplest or easiest solution comes with the most risk. Before using crowdfunding or opening up a new credit card, make sure you carefully weigh those against the benefits.
Payday lenders
Using a payday lender seems like the most effective way to get cash when you need it. The process is simple, locations are easy to find and accessible, and you’ll walk out with money in hand.
However, the interest rates can be 400% APR or more, and the repayment term is short, making it difficult to pay back the money you borrowed without having to take out another loan.[1]
It’s easy to find yourself perpetually indebted to the loan company. If you truly have no other option besides a payday loan, do whatever you can to pay back the initial loan by the due date to avoid getting trapped in the payday loan cycle.
Borrowing against your retirement
When you take out money from your retirement account, you lose any compounding interest and your contributions decrease, along with any possible company matches. If you do borrow against your 401(k), make sure you fully understand the repayment options and consequences.
Taking out a second mortgage
By borrowing against your house, you’re using the equity in your home as collateral, impacting your home’s resale value. Second mortgages can be expensive thanks to things like appraisals and fees, and if you don’t pay your loan, you risk losing your home to foreclosure.
Although interest rates are generally lower than credit cards, make sure to carefully weigh if this is the best option for getting quick cash. Proceed with caution if you go this route.
Opening up new credit card accounts
Like payday loans, opening up a new credit card gets you access to funds instantly. It’s a simple process that you can usually complete online, and you’ll immediately know your credit limit.
It can be a practical option, especially if you have a plan to repay the money, but it can also be a dangerous one if you rack up a huge balance. You don’t want to end up in a more precarious financial situation than when you started.
Make sure you read all the fine print, especially if your new card comes with a 0% introductory APR. If you don’t repay the balance before the offer expires, you may be charged extra back interest. If the card comes with a cash-back bonus, find out if it applies as a statement credit or a deposit into your bank account.
Borrowing from family and friends
Asking friends or family for money can be a humbling experience. It’s difficult to admit being in a financially vulnerable position, and it’s even harder to ask for help. If you have generous friends or family members, they might be willing to provide you with an interest-free short-term loan.
If that happens, both parties need to understand the repayment terms and other conditions. You need to make sure you’re fulfilling your obligations to them and not engaging in frivolous spending. Be sure that borrowing money from them won’t negatively impact your relationship. If you have any doubts, don’t ask.
Crowdfunding
GoFundMe or other crowdfunding platforms may seem like a good idea for getting money when you need it, and it prevents the embarrassment from asking friends and family directly. However, it comes with many of the same risks.
You may open yourself up to criticism, comments, and insults about your financial situation and you as a person. If you have a strong community and support system and are aware of the possible backlash, then crowdfunding may be an okay option.s
Final Thoughts
While there is a time and a place for quick money-making ideas, keep the big picture in mind. Easy wins are great, but they’re usually small, and somewhat fleeting. They won’t make a huge difference in your life over the long term.
That’s not to say that every side hustle you undertake has to turn into a full-fledged business, but one of the true keys to building wealth is to create real, sustainable value for others.
Freedom to eat what you want to eat, live where you want to live, vacation when and where you want, and more. Making extra money starts with a simple decision: do you want more freedom in your life?
If the answer is yes, it’s time to go for it. You may have to try more than one idea on the list before you find one that sticks. But once your income starts to rise, you will gain control of your life and find even more opportunity than you could ever imagine.
Author
Hi! I’m Jeff. A personal finance nerd and entrepreneur at heart, I’m here to bring you all the latest cool ways to make and save extra money. I am a quoted contributor in several online publications, including Entrepreneur, NBC News, GoBankingRates, Business.com, Credit Karma, US News & World Report, Lifehacker, MSN Money, Credit.com, Yahoo! Finance, and more.
I’ve thought about trying some of these money-making ideas! That said, it seems like I just get the run around have to keep doing the same stuff over and over again! I’ve been thinking about advertising chauffeur services where I take people to appointments, clean houses, and run errands for them! I have a list of things to do to make people’s lives easier (where I can earn some extra money for me). Thank you for all your advice. I’ll just have to go over stuff and see what I think will work best for me!
Those are some awesome ideas, Tina! I love seeing other people create their own side hustles/small businesses, and I think your ideas could be really beneficial for a lot of people. Keep us updated!
Resource:
https://www.thepennyhoarder.com/make-money/side-gigs/50-side-jobs-make-extra-money/
https://dollarsprout.com/how-to-make-money-fast-100/
