Maybe you need a quick infusion of cash to cover a bill. Or perhaps you’re ready to invest, but don’t have the extra funds to start. Here, we’ll cover five ways to earn money fast. None are rocket science, but each is an effective way to put money in your pocket and give a boost to your personal finances.
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1. Discover the cash in your stuff
You may not feel as though you have hundreds (or thousands) of dollars lurking in your closets, attic, or basement, but you may. Think about the toys your kids no longer play with, clothes no one wears, collectibles gathering dust. They may be nothing more than “stuff” to you, but chances are good someone else sees them as treasures and is willing to pay to take them off your hands.
Before we go on, one quick point as to why so many of us amass a huge amount of possessions we no longer need: According to a study published in the Journal of Consumer Psychology, we humans tend to associate the stuff we own with self worth. We come across an old, empty picture frame in the basement, believe we can easily sell it, but suddenly feel something akin to grief. That’s because, according to psychologists, we come to believe that our stuff is a reflection of our worth.
If you’ve gathered a small pile of things to sell and feel the urge to “rescue” something from the pile, remember: Your “stuff” has nothing to do with who you are or your worth as a person. You are selling things to improve your situation.
Once you’ve gathered items for sale, it’s a matter of deciding where you’re going to sell them. While it’s tempting to suggest you have a garage sale, garage sales are a lot of work. Everything — setting up, advertising, tearing down — eats up time. A better option may be to use your neighborhood website, Facebook Marketplace, or eBay. It’s as simple as taking a photo, describing the object, and waiting for …….