Perhaps you’re looking for how to make $1,000 fast to pay off an unexpected bill or because you want to start contributing to a financial goal straight away, like boosting your emergency fund.
Whatever the reason, there are a ton of ways to do this don’t actually take that much work.
In some cases, you’ll actually see how to make $1,000 today. In others, you can add up a few different strategies to quickly get to that amount.
And there are even some options where you could set things up so that you’re able to make an extra thousand dollars every single month, to really lighten the tension on your budget going forward.
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How to make an extra $1,000 fast
1. Make quick cuts to your spending
Many of us often spend way more than we actually need to each month, especially if you’re not in the habit of tracking your spending.
This is why reworking your current financial situation should be the first step for anyone looking to make $1,000 fast.
For example, if you buy a $10 lunch at work every day, bringing your lunch from home instead will immediately save you $50 a week or $200 a month. Add this on to a few other small changes in your spending habits and you’ll easily be able to save an extra $1,000 each month.
My favorite app that I always recommend for better money management is Personal Capital. It’s completely free and is a great way to see your entire financial situation in one place, so you can see exactly where your money is going and how to change this.
2. Automatically reduce your bills
One of the best ways to free up money in your budget each month is to reduce your ongoing expenses. This includes those bills that you simply pay every month without really thinking about whether you’re paying too much.
This is why we love Trim, an app that can automatically reduce your bills for you.
It looks at your ongoing expenses and makes recommendations about which subscriptions you might want to cut. Even better, it can also work to automatically negotiate bills on your behalf, such as your cable and car insurance bills.
And the best part is it’s completely free!
Click here to see what Trim can save for you.
3. Refinance your debt
If you carry a lot of debt, you’re always going to struggle to turn your financial life around until you take care of this problem. And one way to help you do this is to refinance your debt
The main benefit of doing this is that it lets you significantly lower your interest rate. In doing this, you’ll be able to save a ton in repayments every month, making it one way to potentially get $1,000 fast for free – if not more.
And my top pick for always finding the best debt consolidation rates around is Credible.
In just a few minutes, they can recommend to you a range of different options from different lenders based on your personal circumstances.
In fact, they’re so confident in their ability to do so, that they’ll even pay you $200 if, for example, they can’t find you a better deal on refinancing your student loan.
Click here to check out the offers available for you.
4. Take out a loan
It may sound strange to recommend taking out a loan after having just discussed why you shouldn’t carry any debt, but if you’re looking for how to make $1000 fast and the other options on this list simply won’t cut it for some reason, taking out a loan may be the best option – with some conditions.
One thing to keep in mind is to always avoid payday loans. Sure, you may think you need to get that $1,000 loan fast. But the interest rates are generally enormous and you’ll likely end up paying far more than you borrowed. This means that you should seriously consider any other option before this one.
However, something like a personal loan may be an option for you, especially if you have the time to wait for an application to be approved. Just make sure that you fully understand the fine print before signing on the dotted line.
You should also be very certain that the terms are manageable and that you’re able to pay it off as quickly as possible, so that interest doesn’t cause the amount of the debt to spiral out of control.
Check out Credible as a starting point to see what’s on offer for you. In two minutes, they can give you a recommendation on a range of personal loan products based on your individual circumstances, with interest rates starting at 4.99% APR.
You may also be interested in: Make $200 a Day Online: 17 Ways That Are Proven To Work
5. Move somewhere cheaper
Depending on how quickly you need $1,000, this may not be fast enough for you. But given that the largest part of most household budgets is accommodation costs, moving somewhere smaller or to a different area with a lower cost of living can make a huge difference to your budget.
Many of us live in more house than we need – which leads to extra costs all over the place. For example, not only do you probably pay more rent for a bigger home, but your heating and cooling costs are higher too. You’ll also pay more to furnish a larger home and, if you own it, maintenance will be more expensive as well.
All of this is why, if you’re looking to make $1,000 fast (and especially if you think you’ll need this money on an ongoing basis), doing all you can to move somewhere cheaper could make all the difference to your budget.
See what 7,800+ people said were their top ways to make money – so you too can earn extra cash as fast as possible.
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6. Ask a friend or family member for help
It can be tough to ask people to help you out financially, but they also don’t want to see you struggle. This is why one option can be to ask them for a short term loan.
You do have to be careful here, as it can be easy for money to hurt a relationship. A good way to avoid this is for both of you to be upfront about the repayment terms.
From there, it’s on you to do your very best to repay this amount on time – and if you think you can’t for some reason, make sure the person loaning this money to you is made aware of this, so they know you’re being honest and transparent.
7. Find a new job
You may think this is easier said than done and it’s true that, depending on how quickly you need this extra thousand dollars, this might not get the money quick enough for you.
But if you can hold out for a short time, finding a new, better paying job is one simple way to make an extra $1,000.
It’s been shown that getting a new job with a higher salary every few years can increase your lifetime income far more than if you stay with the same company, even if they give you the occasional pay rise.
It’s definitely going to depend on your area of work, but if there are opportunities around, there’s absolutely no harm in applying elsewhere to see the kind of salaries on offer.
And, of course, if you’re happy at your current job, you could use any offer you get as leverage for a salary negotiation at your current job – if you play your cards right.
8. Negotiate a pay rise
Finding a new job really is a good way to increase your income, but depending on what field you’re in and the situation at the moment, it may actually be easier to look into negotiating a pay rise at your current job.
Most of us don’t even think of doing this and seem to work under the impression that we’re locked in to whatever salary we agreed to at the start.
But in most fields, you’re actually selling yourself short if you think like this. Instead, use the occasion of a performance review or the successful completion of a project you’re working on as proof to your boss that you deserve to be paid more.
It can definitely be hard to ask for more money especially, studies have shown, for women. But practice what you’re going to say beforehand in front of the mirror with someone you trust so that when you go into the meeting, you’re completely ready to ask what you deserve.
9. Get a part time job
Depending on your situation, an easy way to make $1000 fast is also one of the oldest ways out there: get a part-time job.
If you have the time, this could even be in addition to your full-time job. There’s no question that this can be tough and, frankly, exhausting but it’s a good short term solution if you’re looking to make some extra money quickly.
If you work normal office hours generally, focus on weekend work. This means jobs like working as a bartender, server or even in retail. In fact, if you’re looking for money to particular time of year, like around the holidays, you’ll probably find that you can easily pick up part time work in these kind of jobs with businesses that see more customers around Christmas.
To make sure you’re using your extra income as effectively as possible, the trick here is to put all of the money you earn in your part-time job towards whatever your financial goal is. By treating it as if your day-to-day income hasn’t increased at all, you’ll be making sure that the extra cash you’re earning is going where it’s supposed to go.
Related: 37 of the Highest Paying Online Jobs
How to make $1,000 fast online
10. Start a blog
If you’re looking for how to make $1,000 fast online, starting your own blog can absolutely make you that much money – if not much, much more. And it definitely helps that you can launch your new site in less than 20 minutes, just by following our step-by-step guide on how to start a blog here.
It’s true that it does take some time to build your website up to the point of making this much money. But once you’re able to get to that stage, you may actually be shocked how easy it is to get $1,000 fast per month blogging.
(In fact, there are plenty of bloggers making this much in just one day.)
The first step is to sign up with a website host and lock in your domain name. For this, I always recommend NameHero. Not only are they cheap, but they’ll make your site crazy fast!
And by signing up through our exclusive link, you can lock in a massive 60% discount on your hosting fees.
See here for exactly how to start your new blog in less than 20 minutes.
11. Write an e-book
Whether you have experience in something that you’re sure other people want to learn about or you just have a great story brewing, writing an e-book and publishing it can be a great way to make some extra money.
The best way to do this is to publish it is through Amazon Kindle Direct Publishing. While Amazon does take a percentage of your sales, you’ll own the book entirely and set the price, as well as having access to Amazon’s millions of customers worldwide.
Click here to find out how you can publish your own e-book to make money online in this way.
12. Get cash back on your shopping
Using cash back apps on things that you’d be buying anyway is an incredibly easy way to make some free money.
My favorite app for doing this is easily Ibotta. How it works is that when you buy practically anything, including groceries, clothes, medicine and even alcohol, the app will give you a few dollars back for each item.
(To find out more about how Ibotta works – and how to make as much cash as possible from it – check out our ultimate guide to the app here.)
You’re not going to make $1,000 doing this, it’s true. But as an way to make some money each week from what you’d be doing already – that is, buying things like groceries – it’s a foolproof way to get extra cash.
And the best part is is that Ibotta is completely free to use and gives you an amazing $20 sign up bonus just for redeeming your first offer.
And with over $682 million paid out, Ibotta is definitely legit.
13. Earn referral bonuses
Another crazy easy way to make some easy money online is to take advantage of referral bonuses.
This is when you get your friends and family to sign up for apps through your personalized link. When they do this, the app will give you cash just for the other person signing up.
Some super easy apps that offer this – which are also totally free for you (and your friends) to sign up for – include:
- Swagbucks: $3 for each referral + 10% of whatever your friend earns forever
- Ibotta: $5 for each referral
- Rakuten: $25 for each referral
And as an added bonus, these apps also offer you a free welcome bonus just for signing up. In fact, creating a profile with all three of these apps will get you $40 for free.
So this means that having even two friends to sign up for each of these when combined with your welcome bonus will immediately earn you over $100.
14. Become a virtual assistant
A virtual assistant is someone that helps a business do basically any online task they might not have time to do themselves.
This can include fairly administrative tasks like sorting and responding to emails. But it can also include so much more, like posting to the company’s social media profiles or editing and posting articles on its website.
In fact, Gina Horkey turned her side hustle of working as a VA into a full time income – and take a look at her list of 275+ services you can offer as a VA to get you on the path towards doing the same.
15. Round up your change
The easiest ways to earn extra money online are those where you don’t even realize that you’re earning money. And one great example of this is with Acorns.
How it works is that it rounds up the change from whatever you buy. So if you buy a sandwich for $2.46, it will automatically send the extra $0.54 to a separate account.
Once this account gets to $5.00, Acorns automatically invests that amount for you without you even realizing.
It’s true that it will take some time to get to $1,000 doing this. But this app is perfect for anyone who thinks that they never have anything left over to save each month, as you’ll be saving money without even noticing. This can lay the foundations for a really solid saving habit to be built going forward.
Click here to find out more about Acorns.
16. Become a tutor
Becoming a tutor is a great way to make $1,000 fast online, as you can literally work whenever you want on whatever subject you like.
Whether you’re looking to tutor students in traditional subjects or prefer to teach things to people online that you can’t learn in school, there are plenty of websites out there with students willing to pay you for your knowledge and experience.
One great example of this is VIPKid, which lets you get paid to teach English online to students in China. You’re able to earn an average of $22 per hour with them and they prepare all your teaching materials, meaning all you have to do is sign on whenever you want, teach your assigned kids and get paid.
And at that rate, working a full 40 hours is almost equivalent to earning $1000 in a week, making this a super easy way to make $1000 fast.
17. Become a freelancer
Becoming an online freelancer is a great way to make quick extra money, as you can basically work in any field that suits your experience.
If you’re good at numbers, why not become a freelance bookkeeper? Or maybe you’re really good at graphic design, meaning you can work as a freelance graphic designer and design anything from logos to full company reports.
To get ideas about what you can do or to advertise your own services, check out freelancer.com as a starting point.
18. Write for other websites
You probably won’t be surprised to hear that a lot of major websites don’t actually write their own content. Instead, they hire content writers to produce articles about essentially any subject you can think of.
And there’s no reason why you can’t earn some extra money by doing the same. You don’t even need expertise and the topic you’re writing about – simply get the subject of the article from the website, do some research and write an article based on what you find.
You’ll usually be paid per word although there are websites that have a set rate per article. For example, Listverse will give you $100 just for producing a list of items on the topic they want you to write about.
19. Earn income from phone apps
There are plenty of phone apps these days that let you make money in all sorts of ways. And in many cases, these apps are basically passive, letting you earn money just fromu using your phone how you’d normally be using it anyway.
- Swagbucks: Earn money while procrastinating by watching videos, playing games, doing surveys and searching the internet. Get a free $5 welcome bonus just for verifying your email address.
- Sweatcoin: Lets you get paid to walk by paying you based on the number of steps you take – starting with a sweet $5 sign up bonus.
- Nielsen: This app will pay you $50 just to run in the background on your phone (or computer) and anonymously track your internet usage.
Find out even more options from our article on the 42 best passive income phone apps.
Related: 17 Legit Ways to Get Paid to Walk
20. Sell things you make
You’ve probably been to markets with people selling things they make, and it’s true this can be a good way to make some money.
But one way that’s even more effective is selling your creative products online. That way, you’ll have access to a much larger audience – including basically any Internet user out there.
Etsy.com is a great place to sell things like this. Whether you’re a whiz at making jewelry, home decor items or literally anything else you can think of, take a look at Etsy to get some inspiration based on what others are selling.
21. Create a course
While tutoring online is one good way to make money by teaching people about something you know, another option is to create a course based on your expertise.
Much like when making money from blogging, you’re not gonna make $1,000 straight away with this. But the biggest advantage of this money-making strategy is that once you’ve developed your course, you really don’t have to do anything else to start making money from it.
That is, once you’ve built it on a site like Learnworlds (whose platform makes it incredibly easy for you to build a professional-looking course), then all you have to do is find a way to generate interest in it so people want to sign up. You can even sign up for a free 30-day trial here to try it out first!
And given that people have made literally hundreds of thousands of dollars by doing this, it’s been proven to be a super effective way to make $1000 fast online.
22. Provide market research
Companies love receiving information about your interests, as it helps them to make their products and services more targeted in the future – and, ultimately, make more money.
This is why they’re very willing to pay good money for getting this information from you.
One very simple way to do this is to complete surveys. While you’re not going to make $1,000 doing this, it is an easy way to make a few extra bucks during times when you’re probably procrastinating anyway, like on your morning commute while you’re watching TV.
And my favorite app for doing this that consistently pays the most is Swagbucks.
We mentioned it above but just to reiterate – it’s completely free to download plus you get $5 just for signing up.
And given it’s paid out over $400 million through Amazon, Paypal and other gift cards, it’s 100% legit.
And another way to supplement this is to sign up for online focus groups. Respondent is a great app for this, offering up to $125 for you to do a one hour session where you provide your opinion on something.
You can also do shorter sessions. For example, you can earn up to $60 for half an hour of looking through something and sharing your thoughts.
Sign up for free here to immediately see which options Respondent has for you at the moment.
You may also be interested in: The 29 Best Companies That Pay For Ideas
How to flip $1,000 fast
23. Sell your old electronics
One very common way that people use to make $1,000 fast is to sell things you already own.
In fact, this can be the fastest way to make a large amount of money, especially if you have some high value things on hand that people are willing to buy from you.
This can include things like:
- A TV or computer
- Any old phones you have, which you can trade in on sites like Gazelle. They’ll even pay for your postage for you to send the phone to them
- Cooking appliances, especially if they’re well-known brands
This means that as long as you have some things lying around that aren’t completely wrecked, getting $1,000 fast per month on eBay or other similar sites is more than doable.
24. Sell your used clothes
If your wardrobe is bulging with unworn clothes, especially if you have a few brand-name tags tucked away in there, you can make good money quickly by selling this online.
There are several sites for this that have appeared in recent years, with some people actually making full-time incomes from selling secondhand clothes online that they find in thrift shops.
You could absolutely do the same, although a faster way to make this money is to start with what you already have in your own closet.
To find out which site could make the most money by doing this, check out our article on Poshmark vs Mercari vs eBay.
25. Sell your car
Many households spend far more on having a car – or cars – than they need to.
Perhaps they have two cars, when one would be more than enough with a few changes in schedules and habits to allow everyone to share its use. Or maybe their cars are much bigger than they need or older and less fuel efficient.
In either case, you’re going to spend a small fortune on gas and maintenance compared to changing to a more efficient option.
That’s why one way to make $1,000 fast is to look into changing your household’s car situation. If you have two cars, it’s time to seriously look into dropping back to a one car household.
And if your one car has been costing you more than you’re comfortable with, you should look into switching to a more fuel-efficient, smaller second hand car – or even getting rid of your car all together.
After all, taking public transport, walking or riding a bike everywhere is going to cost a fraction of the price of having a car. Not to mention the money saved on your increased health!
How to make $1,000 a week from home
26. Rent out your stuff
If you have a lot of unused stuff lying around, renting out to people who want to actually use it can be a simple way to make $1,000 a week from home.
Things like a bike that you’re not riding much at the moment or sporting or photographic equipment is in very high demand on sites like Buro.
By renting out your stuff through sites like these, you’ll be insured in case something happens to your things. And assuming everything goes to plan, this is a great way to make extra money with barely any effort needed on your part.
27. Rent out your car
Similar to the above, if you have a car sitting in your garage unused for long periods of time, you can easily make money from this by renting it out to other people.
Turo is a great site for this. You simply post a profile online and people can then indicate their interest in using your car for short periods of time.
While the site does provide some insurance, make sure this is enough for you and that doing this won’t have any implications on your own personal car insurance.
Otherwise, if that’s all in order, this is an easy option to make money from your car instead of simply having it sitting and gathering dust somewhere.
28. Rent out your space
It’s not only unused things that can make your money. You should also look into making money from any unused space you have.
This could include any empty bedrooms in your house, which offer a perfect way to make money through Airbnb. You don’t even have to rent it out all the time – simply make the room available on the site whenever you need a bit of extra cash.
And this can be particularly lucrative if you live somewhere where there are a lot of tourists or where people travel often for work or for major events.
You can also make money in a similar way from renting out any spare parking space you have on sites like Oscar.
We all know how crazy expensive parking can be in major cities. So if you have a spare spot for some reason, you can rent this out for literally hundreds of dollars a week for someone else to use.
Depending on where you live and how much parking is at a premium nearby, this is one of the simplest ways to make $1,000 fast as you literally have to do nothing at all.
29. Do audio transcription
Getting paid to type is a very easy way to make some extra money from home and can actually lead you to earn an extra thousand dollars in about a week if you’re fast enough.
This usually involves typing out transcripts based on audio recordings, but can also be done to prepare captions for videos.
You’ll be paid per audio minute so typing quickly and accurately is important to make as much money as possible. But it’s an extremely flexible way to make some extra money, given that you don’t have to work during set hours. Simply accept the files, make the deadline and wait for that extra cash to land in your account.
30. Test websites
Another great way to make money from home is to get paid to test websites.
Companies that own websites are always interested in seeing how “normal people” use their sites to make sure that once the site is live, normal Internet users will be able to find what they need.
This is why there are plenty of opportunities to earn money by testing websites. Even major companies like Twitter, Yahoo and Airbnb pay people to do this, as there’s a lot of money for them to make in the long run from a well-structured site.
Click here to find out how you can make money testing websites.
You may also be interested in: How to Get Paid To Be a Virtual Friend Online
How to make $1,000 dollars fast without a job
31. Use your car to advertise
We mentioned this above, but one of the best ways to make extra money is by doing something you’d be doing anyway.
And one great example of this is using your car to advertise for other companies and getting paid for it.
For example, Wrapify will pay you around $400 a month just to put (removable!) stickers on your car advertising other businesses.
The objective here is that when you drive around, other people see these businesses’ names on your car, basically turning your car into a billboard.
Check out our article on getting paid to advertise to find out more.
32. Drive for Uber
Driving for Uber has become a tried and true option for earning extra money in a really flexible way.
Given that you can drive whenever you want, it’s essentially up to you how much you want to earn. And you can even turn this into a source of passive income by doing what some people do and only accept passengers when you’re already driving, like on your way to work.
In terms of ways to make $1,000 fast without a job, Uber definitely fits the bill. Just make sure that your own car insurance covers you for this and that you consider whether the extra wear and tear on your car is worth it.
But otherwise, this can be a very easy way to make extra money in your spare time.
You may not think of busking as a really effective way to make extra money, but if you pick the right time and place, you can make literally hundreds of dollars in just a few hours.
(In fact, I have a friend who paid her rent during college by playing her violin on Friday and Saturday nights on a major street in our hometown.)
Of course, this is only going to work if you know how to play a musical instrument or can sing. But if you have the skills, keep an eye out for busy periods and areas with a lot of foot traffic, as these could offer you a great money making opportunity.
34. Check for unclaimed money
Unclaimed.org lets you to do a free search for money that might be owed to you.
This may include bank accounts that you’ve forgotten about, stocks, uncashed dividends or insurance payments that you didn’t realize you had or even gift certificates that are yours.
And there’s serious money to be made here. In fact, the site reports that over $3 billion is returned to its rightful owners every year.
35. Sell plasma
While you won’t be able to do this every day of the week, donating plasma is a great way to make some extra money using something that you already have.
(It could also help to save a life, making it doubly worthwhile.)
Donors can earn up to $400 each month with one plasma collection session only taking 60 to 90 minutes.
You have to be between the ages of 18 and 65 and your ability to donate will be subject to a medical check at the collection clinic.
But if you meet the requirements and have some time to spend, then this is an excellent way to earn some extra cash while also helping to save lives.
How to make $1,000 fast as a teenager or as a kid
If you’re looking for how to make $1000 fast as a teenager, there are some options that are particularly suited to you.
Of course, you definitely don’t have to be a teenager to take advantage of these money making opportunities. But if you’re not able to make that extra thousand dollars you need with some of the other options on this list because you’re not 18 yet, this section may be for you.
36. Pet sit
If you’re an animal lover, pet sitting is probably the easiest way to make $1000 fast that you could hope for.
Whether you’re keen to watch someone else’s dog for a few hours a day while they’re at work or are able to do it on a longer-term basis while the dog’s owner is away, you can easily earn several hundred dollars a week doing this – while getting a bonus dog to play with!
One good way to get into this is to create a profile on Rover.com. It’s one of the biggest sites in the world for linking up pet owners with pet sitters, meaning that people in your area will be able to look you up and sign up for your services based on your availability.
37. Walk dogs
Dog walking has been a way for kids to make money for as long as anyone can remember. And there’s no reason why that’s no longer the case, especially with people being busier than ever but still wanting to make sure that their furry family members are taken care of.
And if you’re looking for how to make $1,000 fast if you’re a kid, a great strategy can be to set up regular dog walking appointments. That is, ask your neighbors who have dogs if they need you to walk their pups a few days a week on going basis.
That way, you’ll get a steady income from this gig which, over time, can help you to accumulate that thousand dollars you’re looking for.
Creating a profile on Rover.com is another great way to get into this.
38. Do cash in hand work
There are plenty of cash in hand jobs out there that are perfect for teenagers to make money. Whether it’s something like babysitting, helping out with house and yard maintenance or simply agreeing to wash your neighbors cars every weekend, getting paid for tasks like this can easily add up to an extra thousand dollars.
Some of these can be on a more seasonal basis, which may work perfectly for when you have some extra free time during school holidays. For example, people will pay good money for you to shovel snow from the sidewalk or to help clear the yard of fallen leaves.
For some more ideas, take a look at our article on under the table jobs that pay cash.
39. Deliver things
Whether you just got your license or are only able to deliver on two wheels open (or on foot), getting things from A to B for other people is an easy way to earn extra money.
Signing up to deliver with Postmates are a great example of this, when you can get paid to deliver practically anything. They do, however, have an age limit so if you’re not quite there yet, you can always ask around your local area to see if people have a need for this kind of service away from an app.
For example, people may be interested in having you pick up their groceries or the dry cleaning. Small businesses could even be willing to get you to take documents across town – and proving you’re reliable in this regard will easily get you extra work.
To let people know that you’re available for these kinds of tasks, a good first step is to post in Facebook groups for your local area. Just make sure you keep safe (so don’t go into anyone’s house to pick up or drop anything off) and ensure any parents or guardians are OK with you doing this before you start.
How to make $1,000 grow fast
Alternatively, you may be in the position of having saved up some of your own cash already and want to know how to make extra money off that. You could even have used the tips on this list to make your first thousand dollars and now want to see how to make that $1,000 grow fast to build your savings up even more.
Which is great! This means that this section will give you a good taster of how, with some careful money management, you can continue to grow these savings going forward.
40. Start investing
For any savings that you may use in around the next two to three years (like an emergency fund or house deposit), it’s a good idea to keep these in a high interest savings account.
For this, I always recommend CIT Bank. Their interest rates are some of the highest in the business and their accounts are completely fee-free, making it a great option for keeping your savings secure.
With 0.50% interest (over SEVEN times higher than the national average), no fees and FDIC insured, it’s a great option for your money.
However, for any money you want to grow over the longer term, the best thing you can do for securing your financial future is to start investing.
It can be a bit intimidating to get started, but it’s actually much easier said than done and is the best way to guarantee that you’re prepared for retirement.
After all, investing your money is the best way to get yourself to the point where you’ll find it easy to get $1,000 fast per month from dividends alone – which you can then combine with other options on this list to supercharge your wealth-building.
My personal favorite starting point for anyone (and is the book I personally used to start investing myself) is to read J.L. Collins’ book The Simple Path to Wealth.
It sets out clearly and simply exactly what you should be doing for setting up your financial future and I can’t recommend it enough for any wannabe investor.
41. Invest in property
While my personal preference is to follow the strategy in The Simple Path to Wealth and invest in low-cost index funds that track the market, it’s true that investing in property is also a very attractive option.
Unfortunately, it’s often easier said than done, especially for those of us living in very high cost of living areas.
However, while it may be beyond your means to save a house deposit at this point, there are other great, secure ways to invest in property. Enter: real estate crowdfunding.
What it is is that it allows a group of individuals to raise capital (i.e. combine your available funds) to finance a real estate project. You’ll do this by buying shares in a crowdfunding company, with the company being the property owner.
Any profits from the real estate venture are then given back to investors. This can include any including rental income or money made from flipping the property.
One company that offers this is BrickFunding, so take a look at their site to see whether there’s a real estate crowdfunding option that works for you.
How to make $1,000 in 24 hours
If you need to know how to make a quick $1,000 in one day, you should focus on the following options:
- Selling things like electronics, used clothes and other items around your house
- Asking friends or family to lend you money
- Taking out a personal loan (depending on how long the application period is)
- Borrowing against your 401(k) or other retirement account (although make sure you’re aware of what this involves)
- (If you need this money because you owe it) Talking to the company to which you owe money to agree on a repayment plan, which may include deferring payment
While trying to make $1,000 today may not be possible every single day of your life, if you need these funds urgently for an emergency, these options are going to be the most likely to get you that money in the next 24 hours.
Final thoughts on how to $1,000 fast
As you can see, making $1,000 fast actually isn’t as hard as you may think. In fact, you may already have the chance to make this kind of money with a few simple rearrangements to some current aspects of your life, including your finances.
We mentioned it before but it’s worth repeating again: with a few changes to your spending habits and by keeping a close eye on your finances going forward, it’s more than possible that you can find an extra thousand dollars in your budget every single month, not just right now when you might need the money urgently.
I’m sure none of us would say no to an extra $12,000 per year. Which means that if you’re able to shift your money mindset to make an extra thousand dollars every month, not one today, your future self will definitely thank you for it.