Making Money Quickly: Top 15 Ideas for 2022 [With Examples]

15 money making tips

Making Money Quickly

How do I get money fast? – A lot of people will often find themselves asking this question more often than you would think.

If this is what you’re currently asking yourself, you have come to the right place. Below you will find the top 15 methods that can be considered the best way to make money quickly (with examples!). We have tried our best to make these options as accessible as possible, i.e. for anyone and everyone who is looking into this topic and so there are varying levels of suitability.

Also, please remember that some of these potential possibilities will require a small level of time investment (over a month) for you to see the full benefits from that particular option.

No matter how long you have left of your working life or what your qualifications are, you will surely find a suitable opportunity for you.

Let’s see;

1. Sell Your Barely Used Clothes

Selling clothes you no longer use is one of the quicker ways to make money. If you want to get rid of them quickly, you may want to visit a local second-hand clothing store where you can instantly cash-in on unused clothes. This kind of business includes Cash4Clothes, a company that will pay a set cash amount per kilo of clothing articles.

In the online space, you can also do this on various websites, such as Vinted, Shpock and Depop. 

If you wanted to go the extra mile, you could even try to sell them on your own, in one of the ad hoc selling communities, e.g. Facebook Marketplace and some Facebook groups centred around selling. Although please note that here you should pay close attention to taking high-quality photos and using competitive pricing to have the most streamlined experience with this.

Cash4Clothes

2. Sell Old Phones and Other Tech

Do you have an old phone, laptop or unused console? This is a good example of making money quickly, as you can instantly convert your old or unused gadgets into money.

Today, the fastest way to do this would likely be on Facebook Marketplace. Some good photos and an apt description will almost always work wonders. Just like with our previous point, there are also Facebook groups dedicated to the buying and selling of preloved tech and so taking a look at these will usually bear low-hanging fruits when it comes to selling opportunities.

If you don’t have time to create listings or posts and need money faster than this, you can instantly convert your gadgets into cash by utilising stores such as CashConverters, who will review and buy your items, although here earnings will be lower than market value as they will need to take into account the re-saleability of the item(s).

If you’re an Apple user, consider Apple’s device replacement. If you purchase a new device, your old device will be included in the purchase price of the new item.

Another option would be Amazon’s Trade-in program. Here you can get an Amazon gift card for unused electronics products. When it comes to what is regarded as acceptable item condition, this is what they state on their Trade-in program page: ‘We currently accept items ranging from non-functional to good condition. To be paid at the highest value for your trade-in, your device must be in good condition.’ They then go on to link their Electronics Eligibility Criteria which goes into further details for the respective condition categories.

3. Be a Food Courier – JustEat, Deliveroo and UberEats

Food delivery has always held its ground, allowing it to continually develop as an income provider. This has only been further boosted over the past couple of years by the pandemic. You may want to take advantage of the ever-increasing trend of recent years and sign up as a courier, as this is also a super quick way to earn money.

Nowadays, you will find ample opportunity to apply for this type of role and what’s more, you don’t even necessarily need a car, just a bike or even a scooter. In many cases, just like with JustEat, a bike and all necessary equipment can be provided by the company, if necessary, if you are able to reach their central hub.

The beauty of this is that, if you have one, it can easily be managed alongside your everyday job.

This is because it doesn’t have to be full-time and hours can be shaped to meet your needs, whether it be just a few extra hours a day or only on weekends. In addition to making money quickly, this option also greatly benefits your health considering how you will have to get around.

All that is usually needed is a quick online registration and, sometimes, a deposit. Then you can get to work right away.

Learn more about how to get started with JustEat or Deliveroo.

4. Give Away Your Unwanted Gift Cards

Have you ever received a gift certificate for a birthday from a brand that you knew right away that you won’t use it?

You may want to sell these vouchers as soon as possible for quick cash, although, just like with used tech, it will most probably be for a fraction of the face value.

A couple of examples of sites dedicated to the safe buying and selling of gift cards in the UK would be Cardyard and Zapper.

In the US, the more well-known name in this field would be CardCash.

Here are some blogs that are written more specifically for this topic:

UK:

britonabudget

US/Canada:

moneyconnexion

5. Take Freelance Work Online

While it may not always be one of the quick ways to make money, one of the most popular forms of online monetisation today lies within the world of freelance work. 

Freelance sites offer job opportunities in all disciplines, from programming to marketing, to video editing, all the way to education.

The biggest advantage of working as a freelancer is flexibility. You can decide for yourself when and how much you want to work. You are also free to choose whether you want to do it all from home in bed or remotely while lying on a beach somewhere.

Undoubtedly one of the most popularly known freelance sites today is Fiverr, and another is Upwork. Whatever knowledge or experience you have, chances are you can turn it into money here.

Don’t forget, there’s a demand for practically everything!

For example, if you like to write and would love to write blog posts for others, do it in return for a fee. You’ll need to post an ad that says the topic you want to write about, the price and when they find you, you’ll be hired.

But if you want to use your good dexterity, online logo design is a good idea.

Countless online businesses are now looking for unique, creative logos to stand out from other companies. You can upload your portfolio, which will be used by companies to select you.

Also, it is completely possible to find works written specifically in your chosen language on Fiverr’s website. Various translation works, English teaching or even dubbing, the decision is yours.

For example, if you like to write, there are also Facebook groups that are specifically created to promote freelance jobs. The most well-known group has loads of members, so you might want to take a look there too.

It is also important to note that anyone who commits to freelance work, no matter which area they’re hired in, should always inform clients of the most up-to-date, most relevant prices before any agreement is reached so that they can make the best-advised decision. 

Fiverr Listings

6. Test Websites and Apps

Another, now increasingly popular, form of ‘work from home’ is the world of online testing. In addition to flexibility, the great advantage of this lies in the fact that it does not require any special computing/IT skills.

The first step usually is that the company performs a short test to assess your ability to work, after which you will then be invited to perform the various tests that they require.

In general, we get a fixed, pre-determined wage for performing a test. Within these tests the operation and usability, of different websites and applications, must be thoroughly tested. When detected any errors then need to be reported to the relevant persons.

Even if you aren’t a native speaker of English, but still have a good level of English skills, why not try these sites too when there is a prospect of more work and better wages;

US-based company, UserTesting.com would be a good starting point where you can earn $10 for just a 20-minute test.

7. Rent Out Your Unused Room Online

A relatively quick way to make money is to rent out an empty room, this would of course depend on available space and any relevant legislation. Once again, as long as it is fully lawful, you could even rent out your entire property if occasionally going on vacation. This will mean your property will be giving you a great passive income, instead of sitting desolate during your time away.

We can easily do this on websites that specialize in this, the most popular of which today is Airbnb. After a quick registration, we can create our ad by filling out a few well-taken images and some extra details about the place and its amenities.

Airbnb rent your spare room

As we already said, this is an opportunity that provides a particularly stable source of what is known as passive income for those who want to earn a little extra income without having to commit too much extra time or effort.

However, before anyone goes into it, it is worth noting that the maintenance costs of your home may inflate because of increased usage. We will need more cleaning and we may also have to pay a commission to the service provider (Airbnb for example).

Also, if the house, flat, or apartment isn’t owned by you, it is important to carefully review your rental or tenancy agreement to make sure whether or not it includes a non-rental clause. This is what we meant earlier when we mentioned legality.

8. Rent Your Car Out

The good news is, you could also rent your car!

Do you have a car that you don’t use every day? If your answer is yes, this would be a simple and quick way to make money.

This, by the way, can also be another great passive income option.

Community car sharing has been a great success in Scandinavian countries for many years. This form of car rental is becoming more and more common, in more and more countries, and is modelled on the pioneering Danish company GoMore.

The main advantages over classic car rentals are the affordable price and the simple, hassle-free online booking.

If you’ve got a car from your workplace but don’t want to sell your old car yet, it’s worth taking a look at your local car sharing services, which have the option to rent your car permanently, even for a year.

9. Complete Online Questionnaires for Companies

An easy way to make money online? We’re certain that this is one.

This is so easy that it can be done by sharing thoughts and opinions and completing the online surveys. You won’t necessarily get rich from this but, if you have a few hours to spare, it may be a feasible way of easily earning an extra income.

The more popular sites, which are definitely worth trying are TGMPanel and the National Panel. In the case of the latter, you can redeem your points not only for a cash prize, but also for an object prize, or even donate them to a charity of your choice.

Some sites to consider would be: Best Paid Surveys, SurveyBee.net and Paid Surveys UK.

10. Become a Babysitter

One of the most rewarding jobs is guaranteed to be babysitting. Its beauty lies in the fact that anyone, from a university student all the way up to a grandmother can do it, 1-2 hours a week, or even several days.

Originally, requests for this kind of service were moreso made by friends and family, and, in the case of good performance, it was possible to even form a larger client circle thanks to word-of-mouth references.

But this is much easier and faster these days! Although please do bear in mind that most usually, as children are classed as vulnerable individuals, this would need some previous experience in order to prove your personal credibility.

11. Become a Dog Sitter

Like with babysitting, in today’s world you have the opportunity to take care of other people’s pets for money as well by becoming a dog sitter.

If you love animals, have some free time or and even have free space at home, this job is a perfect choice.

It is worth starting with pages such as Rover.com, DogBuddy and  Pawshake.

Once you have registered with the respective site and created your profile, you can then start to take on related work such as dog walking, doggy daycare, all the way up to several days of accommodation – at the price you have set.

Making Money Quickly
rover dot com

12. Sell Your Unused Textbooks

As most people will know,  textbooks will usually sell for serious amounts of money. Then, at the end of the school year when they’ve been used to their max potential, they’re the first things in a box and left, forgotten, in the attic.

If you thought there was no market for these books, we have some good news for you!

With forever-increasing tuition fees, as well as general inflation causing everything else to go up in price, students are always looking to reasonably cut costs in ways that make the financial side of things easier for them.

You can easily sell these books online, regardless of the topic, in a number of different places, including Gumtree and Ebay.

Facebook Marketplace would also likely be a good starting place.

13. Rent Out Your Parking Space

Does your rent include sole use of a driveway or garage, but you can’t take advantage of it yet?

If this is the case, then it would definitely be worth considering leasing it out. This is because, with very little energy investment, you can make passive income easily by using a forgone asset.

Especially in larger cities, there is a growing demand for closed car parks, given the ever-increasing parking fees and the continuous growth of the domestic car fleet.

If you want to advertise, it’s a good idea to try using flyers around the surrounding areas or any of the advertisement boards that there may be in your residential building.

14. Talk To Your Boss And Take On More Hours

This may be a very obvious idea, but it can sometimes be very easily overlooked by some.

If you think you’d like to work overtime or want to expand your responsibilities within the company, it’s definitely worth asking to set up a meeting with your boss.

Although not guaranteed, more often than not, a proactive mentality is often rewarded!

15. Sit Down to Discuss Your Wage/Salary

As you can probably tell, this point is very heavily related to our previous one.

A lot of people think it’s completely unnecessary to sit down with our bosses about a pay rise, even though it’s a perfectly reasonable and sensible move.

Anyone who consistently makes the most of their position and performs well within their role, can more certainly expect to start this conversation with good standing due to increased credibility in the eyes of the employer!

Success, as in many other cases, depends on how prepared you are. As mentioned in the previous point, proactive attitudes and careful planning are key to the success of wage development.

Summary: The Best Methods for Making Money Quickly

In this article, we looked at the 15 best ways to make money quickly.

Some options are great for instant making money, but some have greater potential in the longer term.

We sincerely hope that at least one or two of these list entries can help you in some way.

All in all, our most important piece of advice is probably to get started as soon as is possible!

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How To Make Money Work for You!

Growing wealth

Table of Contents

  • 1) What does it mean to make money work for you?
  • 2) Interest Rate: The Eighth Wonder of the World
  • 3) What we aren’t taught in school
  • 4) The formula for wealth
  • 5) Your house and your car are obligations
  • 6) Focus on building income-generating assets

Have you ever wondered what it would be like if you got your current salary without having to work for it?

One of the very important pillars of my path to financial independence and my blog is this: take your money to work for you so you never have to work for the money again.

Money can work nonstop 24 hours a day, 365 days a year, on public holidays while you’re asleep while you’re on vacation.

Money will never rest, it will not go on holiday, but will always work faithfully and diligently for you and generate even more money.

Money’s busy!

I guess you can see what I’m trying to say…

I think it’s so important to understand this, I named my blog after that.

The goal of financial independence is to have your money working for you 100% instead of having to work for you.

If you get to the point where your money alone generates enough money, you will never again depend on your current job.

But if for some reason, you don’t care about financial independence, it’s still important to have your money worked, because, on the one hand, it means additional income to build a more secure future – I mean your retirement years, among other things – and on the other hand, under your pillow – or even in your bank account in the current interest rate environment – your money will be devalued.

What Does It Mean To ‘Make Money Work For You’?

The best way to answer this question is through an example.

For this example, we will assume that you have $3,200 (£2,339) to invest in shares.

The stocks will be valued at a price and will pay you a dividend. For simplicity, let’s say your annual return before inflation is 10% in the form of dividends.

This means that in a year overall you will have $3,520 (£2,572.90), that is, you have an absolute return of $320 (£233.90).

Basically, it took you a few clicks to make the initial investment, and your money then took care of itself. That’s what they mean when they say money works for you.

But what happens if you leave your money to work by itself for more than a year?

Interest Rate: The Eighth Wonder of the World

Continuing with the example above, let’s see what happens if we do not touch the $3,200 that we invested in equity for, let’s say… 30 years (calculated with an annual return of 10%):

make money work for you
Compound interest graph

In the diagram above, you can see the power of your money if you let it go to work.

While in the first year you received only 10% of the $3,200, i.e $320. In the second year, that yield from the previous year will also generate additional money, so this time around you will get 10% of $3,520. This is called interest.

This continues for years as your money generates more and more profits. As your profits grow, your wealth grows at a consistently accelerated rate.

The perfect analogy for this would be to compare it to a snowball. As this snowball rolls down the side of a mountain, it picks up more snow and compacts itself, growing exponentially as it goes.

You will see that the $3,200 will become nearly $57,582 without you having to do practically anything!

Now let’s look at what happens if you regularly invest $95.97 at the beginning of each month for 30 years instead of $3,200:

make money work for you 2
Compound interest diagram

Saving and investing only $95.97 per month, will end out being somewhere over $217,532 in 30 years.

Although your return is minimal in the first year ($64.33), at about the tenth year your wealth should usually start to grow at a really accelerating rate as your money (and its return) generates more and more additional growth.

Finally, the savings of $95.97 per month will make you more than $217,532, or £159,059.40 (GBP)!!!

Most of your wealth will come from the return ($184,262.40), while monthly payments account for only a small part of your total wealth, i.e. $34,549.20 (= 360 months x $95.97).

What We Aren’t Taught In School

Now that you know what it means to put your money to work, let’s see how you can get it to work for you.

But first, let’s clarify some important basic concepts that are extremely important for you to understand if you want to put your finances in order and build wealth.

These two concepts are assets and liabilities. Unfortunately, most people are unaware of the difference between the two, setting them on a lifelong financial slope in the wrong direction.

Assets will bring you money, while liabilities will take money out of your pocket.

Assets include shares, bonds, rented properties and other income-generating assets which will, as we have already stated, bring you money.

In contrast, liabilities include your car and apartment, credit card, consumer credit and any other debt form you have.

Another two important accounting concepts* are the income statement and the balance sheet. The profit and loss account shows your income and expenses, as well as the difference between the two.

The balance sheet lists your assets and liabilities at a given time.

The Formula For Wealth

According to the author of the popular book ‘Rich Dad Poor Dad’, the main difference between rich and ordinary people is that while the rich focus on increasing their assets, ordinary people accumulate obligations.

The average person’s only source of income is their job and the main direction of his cash flow is outwards.

It is clear that liabilities take money out of your pocket and deprive you of additional sources of income without actually owning the individual assets.

make money work for you 3
Cash flow

This perfectly shows that the average person works only for others: 

  • the employer for which he pays with his time
  • the state, since most of his gross income goes to the state in the form of taxes, and 
  • the bank, since he has to sacrifice most of his income to repay the accumulated loans

In contrast, the rich don’t work for their money and instead, the money works for them!

On the balance sheet of the rich, we mostly find income-generating assets. These assets continuously generate money in the form of income, dividends, interest and other passive income – for example from rented real estate.

Your House And Car Are, In Fact, Obligations

From an accounting point of view, your house and car are also listed on the balance sheet as assets. Using the aforementioned definition though, an asset will only generate money. However, our house and car use up our resources and are actually liabilities.

Why?

Your house, which you use for your own housing, will not generate money for you but will take money out of your pocket and usually in larger portions (Mortgage repayments to the bank, as well as various taxes, insurances, renovations and maintenance costs, etc.).

Obviously, we are not saying that you should not have a house or an apartment, but merely that we want to refute misinformation, such as the often heard – “it is worth buying a house because it is a good investment”.

In a general sense, it would not be a returnable investment to take on a house, etc. until you take steps to start earning from it, such as renting the property out to another party.

It’s the same with the car. Although it does have its own respective worth – usually 4 figures or more- this is not an investment, as it is not an income-generating asset. It’s actually an obligation because you will have to continually take out of your own pocket for the running and upkeep.

The following example is great and illustrates the difference in thinking between rich and ordinary people:

Ordinary people use their money to buy a German car, the value of which is constantly declining and costs money for maintenance. This is one of the main obligations of the average person today, which is largely due to the fact that the expensive car has become a status symbol in today’s society.

Conversely, if they had invested their money in the German stock index instead of the German car, which had tripled in value over the same period of time and paid dividends, they would have increased their wealth.

Focus On Building Income-Generating Assets

Based on the above, you now know that if you continue to accumulate obligations, you will probably work for someone else for the rest of your life in order to make your money.

But if you want a more free outlook on life and financial security/independence, it’s important to focus on increasing your assets and reducing obligations where reasonably possible.

These assets will appreciate in price and keep generating revenue for you. Thanks to the effect of compound interest, your wealth and income will also grow exponentially. As you buy more and more assets, your revenue will grow at an ever-increasing rate, which you can spend on buying more assets. This will further increase your wealth and will mean more and more extra income.

Once you’ve managed to accumulate growing wealth which is consistently above the costs of covering your living expenses, you’ll never have to work again. This blog is also about achieving this goal.

So, in theory, you can use your money to redeem your own financial freedom and take control of your life.

However, it is important that wealth-building works in the long run, unless you win the lottery, so patience is a must and certainly is more than just a virtue. The example above shows that, although yields are minimal in the early years, as your money generates more and more money, compound interest will have an effect over time and your wealth will show exponential growth.

This is why it’s perfectly okay to start off small, and exactly why large initial investments aren’t necessary – The most important thing is to take the first steps and get started.

The secret to building wealth is actually simpler than you think: save as much as you can and invest the difference in income-generating assets.

According to Albert Einstein, “Interest rate is the eighth wonder of the world. Anyone who understands gets it. Those who don’t understand will pay.”

Whether you get it or pay it is up to you.

Which one do you choose?

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*The third is the cash flow statement, but this is not relevant for this article.

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