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20 Ways to Help You Out When You Desperately Need Money

20 Ways to Help You Out When You Desperately Need Money

We’ve all been there. You’re between pay checks, running low on cash and then disaster strikes and you need money–now. Or you get paid on Friday and find yourself broke on Monday. You have too much integrity or are too scared to rob a bank…but the thought has crossed your mind.

Don’t fret! I am here to help.

20 safe and legitimate ways to get money fast

Below is a list 20 perfectly legal and legitimate ways to get your hands on some cash in a pinch. Some of the ways are more suitable for some than others but the list will provide you with options and more importantly get you to generate your own creative ideas on how to increase your cash flow.

Keep in mind that these are short term solutions. The real solution to your money problems is proper money management and planning (a.k.a. budgeting). Learning to live below your means, delaying gratification, eliminating debt and reducing your dependency on credit are the keys to financial freedom.

If you need money today…

1. Pawn or sell something

If you’re REALLY in a pinch, you may need to pawn or sell that prized possession you’ve got stashed away. Your desperate situation may call for you to have to part with that old comic book collection, your grandmother’s antique pearls or china or that coin collection you’ve had since childhood. I do advise that you think long and hard before making this decision. Once it’s gone–it will be incredibly difficult to get it back and your desperation will ensure that you probably won’t get what the item is actually worth.

Another option is to dig through your closets, and basement for stuff that may still have some value such as an old DVD or video game collection, your 10-year-old’s baby clothes, a toddler bicycle, that espresso machine ( or juicer) that you only used once.

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There are tons of apps[1] that let you snap a picture of your stuff and post it online immediately.

2. Sell an old cell phone

Almost everyone has an old smartphone lying around that still works. You decided to upgrade from that perfectly functional phone because it was the chic thing to do. Now the old phone is just laying around collecting dust. Sell it! If you need money today check out the website ecoATM. This site allows you to safely sell and recycle your old phone. They also pay cash for old tablets, iPods and MP3 players.

3. Sell your clothes at a local consignment shop

If you have quality designer clothes or furniture you no longer want or need go ahead and sell it outright to a consignment or thrift shop. A lot of consignment shops will buy your items outright eliminating the consignment fee and the wait for your items to sell. You won’t get top dollar this way but you will walk away with some cash in hand.

4. Borrow from a friend or family member

This is the one method most of us want to avoid. However, you can receive the money the same day using apps such as PayPal. Keep in mind that borrowing from a loved one takes humility and sincerity. Do not, I repeat, DO NOT borrow from friends or family if you have no intentions of repaying the loan or if you know you cannot meet the terms of repayment[2]. This is the quickest way to ruin a relationship. Proceed with caution.

5. Sell your plasma

You can get paid for your plasma. Most donation centers will pay you anywhere from $25-$50 for it. The best part about selling plasma is that most places will allow you to sell it up two times per week.

**Quick note: There is a difference between selling your plasma and donating blood. You do not get paid for blood donations so make sure you distinguish between the two and are clear with your request.

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6. Get A Cash Advance

This is a bad idea! I do not recommend this unless there is a life and death situation and you have a plan for quick repayment. Some credit cards offer the opportunity to take out cash against your credit limit. Please understand that the terms of repayment are going to be MUCH different than the terms for regular credit card purchases. Between the fees for accessing the money and the jacked up interest rate, it is not unusual for you to end up spending $1,000 for an $800 cash advance. It’s simply not worth it.

If you need money in 7 to 10 days…

7. Sell your clothes online

Selling your clothes is one of the easiest and quickest ways to make money fast. The clothing resell industry has become very trendy and is reportedly a $16 billion dollar industry[3]. There are hundreds of online apps, websites and avenues to get your clothes sold. Some apps and websites even pay the shipping costs for you.

8. Sell your junk online

Websites such as Craig’s List, Amazon, Ebay, and the list goes on, are great and cheap ways for you to sell your junk. You can resell ANYTHING these days. If you bought it, chances are there is someone out there who will pay you for it. These sites take time as you have to ship items, items have to be verified and then you are paid. Payment on these websites usually take seven to ten business days.

9. Sell your unused gift cards

Sites such as Cardpool, Raise and Cardcash will al low you to resell your unused gift cards for slightly less than face value. You can get you money in as little as two days and even quicker for e gift cards. It’s a quick, easy and painless process.

10. Become an Uber/Lyft Driver

If you have some extra time on your hands–just a few hours a week would do it–and live in or near a populous area, driving for Uber/Lyft is a very lucrative way to make money fast. It is also a great long-term side hustle. Uber drivers can make as much as some full-time jobs if they work in the right area. You could earn $100 mark in as little as five hours per week.

11. Sell your sports/concert tickets

Got season tickets or concert tickets? Sell them. In some cases you may not get face value for the tickets but you can recoup a good portion of your money. For really popular events–such as play off games or marquee performances–you can make well above the ticket face value. If you’re that desperate for money, missing a concert or the big game isn’t that big a deal.

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12. Do odd jobs

Babysitting, pet sitting, house sitting, cutting grass, house cleaning, walking dogs and other odd jobs around the neighborhood are great ways to get some quick cash in your pocket.

13. Inbox Dollars and Swagbucks

Inbox Dollars and Swagbucks are websites that pays you cash (very small amounts of cash) to perform various tasks such as watching videos, commenting on ads, taking surveys, shopping and the list goes on and on. You will not get rich using these website, but you can earn a couple extra bucks by spending a few minutes (or hours) online. The websites requires you to bank $30 before you are paid.

If you need money in 30 days…

14. Negotiate with your creditors

If you need money to pay bills or debts, call your creditors and try to negotiate. Explain your situation and request an extension or make arrangements to pay a portion of what you owe. Most creditors will work with you. Their primary goal is to get their money. They are willing to wait a few days or take a portion of the payment in lieu of you not paying them at all.

15. Get a part time job

Look, I get it. You are already overworked, under paid and stretched thin as it is. But a part-time job isn’t forever. It’s only temporary. If you can work long enough to avert the crisis and then establish an emergency fund, you won’t find yourself in this predicament again. You may have to deliver pizzas in the evenings or work retail on weekends but anything worth having requires work. We live in the age of the side-hustle and in the era of multiple streams of income. This is one bandwagon worth joining. The more you do now, the less you have to do later.

16. Become a Secret Shopper

Secret shopping is the perfect side hustle for those who love to shop, stay-at-home moms and anyone who loves good customer service. Mystery or secret shoppers are independent contractors posing as “shoppers”. You are paid to visit your local stores and shops as a regular customer and report back on various aspects of your experience. A word of caution! This industry is full of scams. Be sure to check out the company reviews online or stick with companies that are tried and true[4].

17. Garage/Yard Sale

There is nothing like a good ‘ole fashion yard sale to generate additional pocket money. I’m talking about the kind where you search every nook and cranny of your house and completely de-clutter and purge all of the items that are not absolutely necessary for you to live.

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When planning the sale, make sure you advertise in your local area and also blast it on social media. A great thing about these sales is that anything that does not sell at the physical location of the event can be sold online. A great place to sell leftover items is on the Facebook Yard sale page.

18. Conventional Loan

This is an option–just not a good one. By taking out a loan, you are compounding your money problems in lieu of fixing them. However, if you feel you must take out a loan, experts suggest visiting your local credit union. Many local credit unions are getting into the short-term loan game and offer rates far superior to pay-day and other short-term loans. You do have to be a member of your credit union in good standing. Credit unions offering short-term loans work with those with poor credit and offer better rates, terms and conditions than other short-term lenders.

19. Become a Virtual Assistant or Bookkeeper

Virtual assistants provide a wide range of services to individuals, organizations or companies, but they do it virtually in lieu going into an office. It’s an excellent work from home opportunity and one of the most cost-effective ways of making money online. Rates for providing virtual services online could range from $10 an hour for simple data entry tasks to hundreds of dollars an hour if you have a highly specialized skill or expertise. You can work for a company online such as Upwork, Elance or Problogger or you can work as an independent contractor.

20. Rent out a room or become an Airbnb host

Got extra space? Rent it out. Getting a roommate is a great way to cut cost and save money fast. As with anything, make sure you do your research and due diligence when it comes choosing a roommate. If you live in or near a high tourist area, working with a service such as Airbnb is a great way to get a steady stream of qualified guests. They vet your potential guests for you and provide you with referrals.

Everyone needs some cash from time to time. The ways listed above are fairly quick and easily accessible ways to get a hold of some extra cash. The best way to avoid these money crisis is by living modestly and well below your means, saving for emergencies and following a budget.

Reference

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Last Updated on October 16, 2018

You’ll Only Live Your Best Life Once You Step Out

You’ll Only Live Your Best Life Once You Step Out

Fear is a valuable thing. It keeps people safe and encourages caution when caution is due. But Fear can also be a limiting factor because not everything you’re afraid of should really be feared.

Have you ever been faced with a situation where you were afraid of making a decision, making a change or taking a risk?

Did you end up taking that risk or making that decision? Or, did you just stay put and left things as they were? If you did, are you happy with how things have turned out?

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It’s in our nature to like feeling safe–to be in comfort and away from danger. This has always been the case since the beginning of time, when the first humans only knew how to prioritize survival. Even today, many still choose to play it safe and avoid taking risks or taking leaps of faith when it comes to their choices in life.

The Realist and the Dreamer

To put it simply, there are two kinds of people: the realists and the dreamers. The realists are the logical and cautious type of individuals who always think and weigh out the pros and cons before making any decisions–especially the big, life changing ones. Whether it was deciding on what to major in at University, what career path to take, whether or not to purchase that house or car, to go on that holiday, or to splurge on that new watch, the realist thinks long and hard before making a decision, if they even decide. Realists stick to the “what’s next?” plan for the future and may not abstractly consider different possibilities for where life can lead. This is usually because of the confidence they have already devoted to an accepted plan.

Realists have dreams too, but these are more so rooted in ambition, drive and determination. They are goals that have been enumerated for some time. Realists understand that progress requires more than ambition and drive, but also, connections. They feel that life is never worry-free because of survival, responsibility and…paying a rent or a mortgage. As a result, they tend to make safe choices and stick to their comfort of knowing what’s best for themselves.

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Now let’s look at the dreamers. The dreamers are well, dreamers. They have big lofty ambitions, are risk takers, sometimes over impulsive, but they often always challenge the norms of society and dare to think outside the box. This is not to say that they do not have plans or a path that they want to follow. But they are more likely to change the course of their journey through time, experience and by following their heart.

Dreamers derive their inspiration from within. No one else’s perspectives weigh in greatly enough to shift a dreamer’s drive. Dreamers don’t allow their fears to consume them. They may fail from time to time, but they never give up on life or love.

Embrace Fear

So which of the two do you think you are? And is one better than the other? In life, balance is always key. I’m sure you would have heard the saying: “everything in moderation”. Likewise, being a realist isn’t any better than being a dreamer. Both come with their challenges. But what I do know, is that no matter where you are in life, fear should always be seen as a way of pushing you towards becoming a better you.

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Stepping outside of your comfort zone is a type of fear that should be embraced. If you see yourself as a dreamer, then great! Chances are, stepping out of your comfort zone isn’t new to you. Whether it’s deciding to drop out of University to start your own business, moving to a new country on your own, taking that step to ask someone out on a date despite thinking they’re way out of your league, or deciding to quit your high paying job of 10 years to become a DJ. You chose to do that because you knew that you would most likely regret the ‘what ifs’ more than the mistakes (if any) of those decisions.

But if you’ve always been more of a cautious individual (nearing towards being a realist), then I hope you’ll give more thought to embracing the act of stepping out more! Of course, that doesn’t mean you have to start making hasty or bold decisions such as the ones mentioned. It just means opening your mind to the acceptance that stepping out of your comfort zone isn’t a bad thing, it’s not something to be hesitant or afraid of.

Managing Fear

In times of stress or discomfort, remember that some of the best things happen when you’re afraid or put in an uncomfortable situation. These experiences can both challenge you and help you grow. Commit to giving the situation a try with your best effort, and keep expectations low to reduce additional pressure. Living outside of one’s comfort zone is by definition uncomfortable. Therefore, the best habit you can foster within yourself is the practice of becoming familiar with discomfort.

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You may be at a crossroad in life and feeling undecided about something, or you may feel like you’re not happy with where you’re at right now. It could be a job that you’re not happy with, a relationship you’re not happy in, or even just knowing that you’re too comfortable with where you’re at that you don’t feel challenged. All of this uncertainty can be traced back to your intentions. What is it that you want? What is it that you’re looking for?

So, What Are You Looking For?

If you feel like you’re stuck in a rut or know that you need some sort of change, but you’re just not sure how to take that step towards the change, why not subscribe to our newsletter? Our daily inspiration will help you embark on a journey, and will allow you to find that light at the end of the tunnel you’re searching for.

At Lifehack, we’re dedicated to helping you find the ideal solutions to your problems, and with over 15 years of experience in coaching, we have condensed our knowledge and practices into a highly effective transformational model that you can use to not only help you out of your rut, but to also help you find new and bigger meaning to your life.

Stepping out of your comfort zone isn’t always the easiest, but we’re here to make it easier for you to realize your true potential. The time to act is now!

Featured photo credit: Maher El Aridi via unsplash.com

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