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Last Updated on March 13, 2018

How to Make Money Fast: 10 Easy Ways to Make Money in the next Hour

How to Make Money Fast: 10 Easy Ways to Make Money in the next Hour

The average savings rate for an American under 35 right now is -1.8 percent. (Yes, negative.)[1] Coupled with declining salaries from large companies[3] and the rise of the “gig economy” (where payments don’t always occur at stable times), there are often situations now where (especially young) people need to know how to make money fast.

Of course, thousands of sites — maybe even millions — claim to offer ways to make money fast, or to teach you some hack about how to make money fast, but the sites are scattered and have varying degrees of validity. Many of us don’t know where to start, or if the site we found is reputable.

Our goal here is to fix that and to show 10 possibilities for how to make money fast.

1. Do One-off Selling on LetGo

LetGo is a great site for one-off selling to people in your neighborhood or general region. Anything with value, from clothes to old books and magazines, is going to be fair game.

You need quality images, some ideas of a valid price point, and the ability to upload. You can also cross-share on Facebook and Instagram to drive more traffic to the sale. People have sold everything from old pens to collections of Blue Apron recipes on LetGo and made money quickly.

2. Sell Overseas for a Better Price

Two good sites for this are Alibaba and Taobao. When you sell items that are local to you but to overseas customers, you can get better deals —  because things are often considered more valuable if they’re rare or imported from elsewhere.

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While it is possible to also sell services on sites like these, offering services from the U.S. to China might require consistent use of a private jet, and if that’s your situation, you probably don’t need this article in the first place.

3. Rent out a Room on AirBnB

AirBnB is an excellent way to make some additional cash. Many are now renting out their apartment and, using the funds from that rental, traveling the same weekend.

Most AirBnB hosts are still doing it for side/quick money, although there are six-figure AirBnB earners.[2] In 2016, about 75 people worldwide earned more than $1 million hosting AirBnB,[4] although admittedly earnings for hosts are higher in 15 cities globally.[5] (In general, a “good” AirBnB city can yield a host up to 81% of their rent.)

Signing up for AirBNB is safe and easy, here’re some handy tips to get started.

4. Rent out Parking Space with JustPark

You can rent out driveways, car parks, empty hotel spaces, etc. — and do so within the time windows that work for you with JustPark. There are a few limitations you need to be aware of, such as whether you’re the legal owner of the space (not a deal-breaker!) or whether the space requires FOB access. Check out the detailed requirements on JustPark here.

JustPark is a good revenue-generator for some, although the monthly earnings are likely to be less than AirBnB. One “hack” to know, though: JustPark listings that include Minimum Retail Prices actually — and counterintuitively! — make 4x the revenue of other listings on the service.[6]

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5. Writer Reviews as a Product Tester

This is a fairly easy one: visit a website/app, complete a series of tasks, and earn $10 per test on UserTesting. There are some necessary requirements, including:

  • A PC or Mac, an internet connection, and a microphone. You’ll need an iPhone, iPad, Android phone or Android tablet If you’d like to take Mobile tests.
  • Ability to download testing software.
  • You must be at least 18 years old.
  • Ability to speak your thoughts aloud in English.

6. Teach on iTalki

In short, you’ll get paid to help others learn a language. There are a number of benefits, including a flexible schedule and international payments. Close to 20 languages are currently available to teach in, with demand consistently growing.

iTalki takes about 15% of your earnings, and is best thought of as an extra income source — not a primary one. It’s a good example of how to make money fast though you won’t make a huge amount.[7]

Sign up and become a teacher on iTalki.

7. Do Pet Sitting

There’s an extensive database of pet sitting jobs available on PetSitter, which is a huge bonus for pet lovers looking for ideas on how to make money fast.

In addition to pet-sitting, there are a range of other pet-related activities (mostly dog-walking and feeding). The ceiling on pet-sitting earnings from this or other sites (such as Rover) is about $3,000-$4,000 per month, with most users making less than $1,000.[8]

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It depends on time available, market you’re operating in, and context. By “context,” one thing to note is that finding people who vacation a lot (empty nesters, retirees, etc.) will increase your recurring income from pet sitting. Once they trust you with their pets, they might hand you the contract for every vacation.

8. Get a Child Care or Home Care Job

You can find typically child care or home care jobs designed to fit your schedule on Care.com. The jobs will vary from babysitting to nanny work to after-school pickup to housekeeping, shopping, errands, and more. They do offer rate calculators for various services, such as babysitting, with larger cities starting around $20/hour relative to experience.

One advantage of making money on Care.com is the volume of jobs available is very high. If you have flexibility to combine different commitments, you can generate $1,500+/month from this site.

9. Become a Uber Driver

There have been lots of discussions about driving for Uber vs. Lyft and which is better for drivers (the argument varies), but Uber’s driver requirements aren’t hard to pass. Check out the requirements to become a Uber driver here.

Ride share driving is easy in terms of GPS navigation helping guide you, and the schedule is flexible. The actual hourly rate varies by city, but it’s usually $20/hour or under.[9]

It’s oftentimes hard for Uber to classify because they don’t designate their drivers as employees. When they advertise $40/hour (as has happened), that’s probably on the very high end.

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Now you can even get a guaranteed $275 for your first 40 rides with the invite code here.

10. Sell Your Talent at Fiverr

Fiverr is one of the more popular gig sites, with new projects requested every five seconds and about 25 million projects completed to date. There are about 100 categories to choose from including writing, animation, design, making products go viral, Facebook cover photos, voice-over, etc.

As a seller, you can charge anywhere from $5 to $995 for your package. They also have a “Pro” option now once you either prove expertise in a given area or work with a wide variety of clients.

People do make six figures on Fiverr,[10] although that’s admittedly rare — most people make about $300 to $500/month depending on their level of commitment to the platform.[11]

Start selling your skill at Fiverr.

The Bottom Line

There are many practical ways to make money fast online, typically through the emergence of new platforms. It’s important to remember the trade-off between flexibility and stability.

These approaches of how to make money fast will usually give you some degree of flexibility in when you work and how you earn, but they may not give you stability. If you have certain bills that are due at a given time each month (i.e. rent on the 1st), you will need approaches to how you save or periods of time you ramp up working.

Reference

More by this author

Brian Lee

Chief of Product Management at Lifehack

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Last Updated on October 17, 2018

7 Natural (And Highly Effective) Ways to Improve Memory

7 Natural (And Highly Effective) Ways to Improve Memory

How is your memory? Is your cognitive function as strong as you’d like it to be?

If not, then you’re definitely going to be interested in the memory improvement tips I’ll be sharing with you in this article.

Despite what you might think – or have been told – improving your ability to recall information is certainly possible. You just need to know the right ways to do it. (Don’t worry, as you won’t need to make any significant lifestyle changes.)

So how to improve memory? Let’s dive straight into the first of seven easy ways to improve your memory significantly.

1. Meditate

We live in a world of non-stop, 24/7 information. It’s like a waterfall that’s endlessly pouring news, data, facts and figures into our conscious minds.

Unfortunately, our brains are not designed to absorb this tremendous amount of information. It’s no wonder then, that most people struggle to remember information and recall things.

Even if you believe you have a good memory and are comfortable with multi-tasking, you’ll also be aware that there’s only so much information your brain can process at one time. And research suggests that the more information and distractions, the harder it is for you to transfer information to your long-term memory.[1]

Fortunately, meditation can help you out.

Even if you just meditate for 10 minutes per day, you’ll boost your ability to focus, which in turn, will make it easier for you to remember important facts.

If you need help in shifting into a meditative state, I recommend trying an app like Headspace – which can assist you to achieve this in a convenient and structured way.

And don’t forget, meditation doesn’t just have to be closing your eyes and sitting in a lotus position. Some people prefer to simply take a short walk in nature. This clears and calms their mind, and still provides the all-important boost to their focus.

2. Get plenty of sleep

If you’re sleep deprived or have not been sleeping well, then I’m guessing you’re not remembering well either. This is because sleep and memory are intimately connected.

If you have a busy life and regularly find yourself not getting enough sleep, then this will negatively impact your cognitive abilities – including your memory.

How much sleep should you be getting?

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Well, according to the National Sleep Foundation, you need a minimum of seven to nine hours of sleep per night. If you get this amount of sleep regularly, then within just a few days, you’ll see a tangible improvement to your ability to remember and recall things.

Now, I’ll be honest with you, maintaining a proper sleep cycle is not always easy (especially when the latest Netflix series has just been released!). But if you care about improving your short-term and long-term ability to remember things, then it’s critical that you try to get at least the recommended amount of sleep every night.

Are there ways to hack the sleep cycle?

Yes, there are.

Try these three things:

  • Have a fixed bedtime (preferably before 10pm)
  • Don’t eat too late
  • Make sure your bedroom is as dark as possible

Sleeping is a precious activity. It regenerates your body, clears your mind, and helps with the storing and retrieval of information.

However, don’t sleep just yet, as I want to tell you about another great way to increase memory…

3. Challenge your brain

When was the last time you challenged your brain?

I don’t mean challenged in the sense of overeating or undersleeping. I’m referring to stretching your mental capabilities through things like crossword puzzles, Sudoku and memory games.

To expand your memory bank, and to make your recall razor-sharp, you need to continually challenge your brain.

Feedback from Lifehack readers such as yourself, has suggested that brain training apps are a super-effective way of doing this. Used regularly, these apps can enhance your focus, attention span, problem-thinking ability and memory.

There are hundreds of these apps available (most of them for free), but I recommend starting out with one of the big three:

  • Peak (Android/iOS, free, 10 million+ downloads)
  • Lumosity (Android/iOS, free, 10 million+ downloads)
  • Elevate (Android/iOS, free, 5 million+ downloads)

If you normally spend a chunk of your week playing computer games, then instead of shooting and killing your enemies, why not let some of them live – while you put your attention into boosting your brain power!

Challenging your brain will strengthen your neural pathways and enhance your mental abilities. But don’t just take my word for it, try one of the apps above and see the positive benefits for yourself.

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4. Take more breaks

When I think back to my days as a budding entrepreneur, I distinctively remember working all the hours under the sun – and many under the moon too!

At that time, I believed that breaks were for the weak, and to become wealthy and successful, I needed to shed blood, sweat and tears.

However, I was wrong.

Taking regular breaks is the best way to keep yourself productive, creative and alive to opportunities. It’s also the best way to learn new information.

Let me explain.

Typically, when studying lots of new information, most people will spend hours reading it – in an attempt to learn and remember the content as quickly as possible. Unfortunately, they’ve overlooked something.

Namely, extended study sessions are rarely a good thing, as your ability to retain information naturally declines after a certain period of time.

It’s similar to physical exercise. You wouldn’t attempt to train vigorously for four hours in a row. Instead, you’d take regular breaks to give your lungs, heart and muscles adequate time to recover. Failing to do this will result in muscle cramps and overexertion.

It’s the same with your brain. If you overload it with information, you’ll suffer from mental fatigue.

What’s the answer?

Make sure you take regular breaks when learning new information. I recommend at least a 10-minute break every hour. (You may also want to take a look at the Pomodoro Method.)

If you don’t want to be as regimented as that, then take breaks as soon as you find yourself losing the ability to focus on the new material. Your brain will thank you – and your learning aptitude will move up a level.

5. Learn a new skill

I love this quote, as it’s 100% true – but frequently overlooked:

“Learning never exhausts the mind.” – Leonardo da Vinci

From my experience of helping to develop the careers of dozens of Lifehack employees, I can definitively say that participating in meaningful and purposeful activities stimulates the mind. It also reduces stress and enhances health and well-being.

Let me give you an example of this:

Imagine you work for a global financial institution in one of their call centers. You take over 100 calls a day – many of them complaints. When you started the job a few months back, you were excited to be in full-time employment and working for a household name.

Unfortunately, your initial enthusiasm quickly turned into frustration.

The endless complaint calls began to take their toll on you. And the supervisors irritated you too, as they were far too interested in micro-managing you – rather than letting you work in your own way.

Now, in the story above, the ending could be that you put up with a job you didn’t like, and led a dull and frustrated working life for years and years. However, an alternative ending is this: you channeled your dissatisfaction in to learning a new skill (computer coding). It took you a year or two to get up to speed, but it allowed you to successfully upgrade your career – and the ongoing learning made the call centre job much more bearable.

Clearly, learning new skills gives you impetus, focus and something to aim for. Your brain loves to learn, and you should tap into this by always seeking our new information. And when learning becomes a habit, you’ll find your ability to remember and recall things effortlessly, becomes a habit too.

6. Start working out

If you’re not already working out regularly, then here’s another reason to do so:

Exercising for 20-30 minutes three times a week will improve your long-term memory.

Regular exercise increases blood flow in your body and supplies the brain with extra oxygen and nutrients. And a well-nourished brain is a well-functioning brain!

“But I just don’t have the time?,” I hear you say.

Not a problem.

A research has shown that a daily burst of 60 seconds of high-intensity exercise, offered many of the benefits of the longer exercise routines.[2] So, if you’re short on time – now you know what to do.

Interested in getting started?

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Here are five different ways that will help you work out:

  • Join a gym
  • Join a sports team
  • Buy a bike
  • Take up hiking
  • Dance to your favorite music

7. Eat healthier foods

I’m sure you’ve heard the expression: “You are what you eat.”

This applies to your brain too.

The food that you eat helps determine your brain’s capacity to store and recall information. A poor diet (think junk food + soda!) harms not just your physical health, but your mental health too.

Fortunately, there are several foods that are especially good for your brain and your memory. These include: blueberries, celery and dark chocolate. But anything high in antioxidants will have a positive effect on your brain and memory.

Conversely, highly-processed foods and those loaded with sugar will have a negative impact on your memory. This is due to them providing insufficient nutrients for your brain – leading you to easily suffer from mental fatigue.

Want to be mentally healthy? Then eat and drink an abundance of these for brain health:

  • Turmeric – helps new brain cells grown
  • Broccoli – protects the brain against damage
  • Nuts – improves memory
  • Green tea – enhances brain performance, memory and focus[3]
  • Fish oilfish oil supplements can increase your brain power

Here’re more brain food options that improve memory!

Final thoughts

I sincerely hope these seven memory boosting ways that I’ve covered in this article will be of help to you.

You don’t need to implement them all. I suggest just trying the ones that appeal to you.

But, if you’re serious about dramatically improving your memory, then make a start right now on adopting one or more of the ways I’ve suggested. I’m confident you won’t regret it.

Featured photo credit: Eric Ward via unsplash.com

Reference

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