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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

[1] The Wall Street Journal: Younger Generation Faces a Savings Deficit
[2] Fast Company: Secrets Of Running A Six-Figure Airbnb Business
[3] Wharton: Why It No Longer Pays to Work for a Larger Firm
[4] Forbes: The 75 People Who Make $1M A Year From Airbnb
[5] Smart Asset: Where Do Airbnb Hosts Make the Most Money?
[6] Just Park: 7 Easy Ways To Increase Your JustPark Earnings
[7] glassdoor: iTalki
[8] New York Post: Meet the people making $3,300 a month pet-sitting for strangers
[9] The Washington Post: How much Uber drivers actually make per hour
[10] Forbes: How These 3 People Make 6 Figures A Year On Fiverr
[11] Joseph Feliciano: 22 Days On Fiverr + Income Report

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Brian Lee

Chief of Product Management at Lifehack

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Published on August 25, 2019

How to Find Your North Star

How to Find Your North Star

Most of us are familiar with the concept of a North Star–it’s the star  (currently Polaris) that helps travelers on their journeys… acting as a guide to keep them on track. And, I firmly believe that we all have our own individual North Stars as well, which act in a similar fashion.

When I talk about a North Star, I’m referring to a life purpose. If you don’t have one, you’ll be lost in life. But, if you do have one, you’ll have a guiding light that keeps you firmly on track for fulfillment and success.

A life purpose is exactly as it sounds: a purpose that drives your life. For example, think of a famous athlete or musician such as Michael Jordan or Ed Sheeran. People like this live to express their physical, mental and artistic abilities. They’re passionate, energetic — and they know what they want to achieve in life. In other words, they’re following their North Star.

So how about you? Have you discovered your life purpose? Or are you simply drifting aimlessly on an ocean of wishful thinking?

Why We Should Seek out and Embrace a North Star

American author Denis Waitley said:  “Winners are people with definite purpose in life.”

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In my experience, this is absolutely correct. Winners know what they want, and they have a plan on how to get it.

If you’re struggling to achieve the level of success and happiness that you’d like, then you may need to spend some time to find and embrace your North Star (see the next section for help with this).

What benefits will following your North Star give you? Well, first, you’ll develop an almost super-human ability to overcome and defeat obstacles that come your way. This is because, you’ll be fixated on your end goal and won’t allow small things to stop you from getting there.

Let me give you an example of this:

You’ve decided you want to learn electric guitar. You purchase the relevant equipment (guitar, amp, leads, picks, etc.), and you subscribe to an online guitar tutorial site. For the first few weeks, things go well, and you make solid progress. However, unexpectedly, you break the top string on your guitar while playing.

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If you were just casually dabbling with learning how to play guitar, then the hassle of purchasing a new string — and learning how to fit it on your guitar — could be enough to end your fledgling hobby. But, if you were set on being a proficient guitarist, perhaps even a professional musician, then you certainly wouldn’t allow this obstacle to stop you in your tracks. On the contrary, you’d most likely head off straight to your nearest music shop to pick up a few packs of replacement strings, watch a YouTube video on how to fit it, and then carry right on with your playing! And, the next time you break a string, you won’t miss a beat.

Can you see now how a North Star (or big goal) can give you incredible energy, drive and persistence?

It’s the difference between a care-free attitude and a must-do attitude. The former will cause you to drift through life; the latter will keep you firmly on track to reach your desired destination.

A North Star is really just a greater overall goal that will allow you to align smaller, achievable goals to it. For instance, if you want to become a school teacher, you’ll need to pass your grades to go to college, then pass your college exams, then gain the appropriate work experience — and then attempt to secure a job. Without completing each of these steps, you’ll never make it to the front of a classroom.

In other words, big goals only become manageable when we break them down into smaller, bite-sized chunks. If you attempted to join a professional basketball team, for example, but you’d never played before, you’d be laughed off the court. But, if you trained hard, found a great coach, and had a burning desire to make it — the right doors would probably open for you.

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Let me ask you a question: Do you currently feel a little lost or unsure about your future?

If you do, don’t worry. Once you start following your North Star, all the other stars will begin to align for you! You’ll be able to keep your mind on the bigger picture, and you’ll understand the best actions to take in life to realize your dream. And, when you do this, your confidence will inevitably grow, you’ll give your health a boost.[1] In a research-backed article by Psychological Science, it reveals that following a life purpose can even help you live longer.[2] You’ll also feel energized by your progress in pursuing goals that genuinely mean something to you.

5 Things That Can Help You Find Your North Star

So are you ready to discover your purpose?

If yes, then read on to find out five ways that will help you do this: 

1. Break free from mental limitations— You know what I mean, your inner voice that keeps telling you that you’re not good enough to do or achieve the things you dream of.

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2. Ask yourself these questions: What do you love to do? What activities set your soul on fire? If money was no object, how would you spend your time?

3. Think back to when you were a child — What things brought you immense satisfaction at that time? And, were there things you loved to do, but adults told you to forget about them? …perhaps a dream about becoming an actor, dancer or astronaut?

4. Spend time in contemplation — Dwell on the answers to the above questions for as long as you need. And, then wait for answers to come into your mind. This may take minutes, hours, days or even weeks.

5. Listen to that feeling deep in your bones — You’ll instinctively know when your life purpose has been revealed to you. It will feel right to you, and it’ll also excite you to begin taking action.

Finding your North Star is a crucial first step on your journey to success, but navigating your way to it is a whole different challenge. To help you with this, check out my recent article: Need a Breakthrough from the Limitations Holding you Back?

Featured photo credit: Heidi Sandstrom via unsplash.com

Reference

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