Ways To Make Money Fast
Are there really ethical ways to make money fast? Yes, but they are primarily short term solutions. They'll help you raise some cash quickly, but don't think these are get-rich-quick plans. With that in mind, here are a few ways to make money fast.
Sell More Time This is one of the ways I like least, but one of the most reliable. Working longer hours at work, or getting another job is one of the surest ways to make money fast. It has the added benefit of taking away time that you might otherwise use spending more money. Take shifts from other employees, stay late (if you are paid hourly), volunteer for holidays. Don't like this plan? Keep reading...
Sell Time For More This is somewhat better than the last way. To sell your time for more money, you will have to do one of three things. First, you can look for a higher-paying job. Second, you can negotiate a raise (this works best after the first option, by the way). Third, you can get paid for what you produce, if you are a productive worker. This can mean getting paid by the piece in some jobs, or getting paid commissions in a sales job.
Engage In Arbitrage Based On Your Knowledge Arbitrage is the buying and selling of things in markets that have pricing inefficiencies. For example, if a used car of a particular model and year normally retails for $4,500 - and you know this - you can watch for an opportunity to buy this car for less, and sell it at retail. I know people who regularly make $2,000 per vehicle buying and selling cars out of their front yard.
This isn't about cars, however. It is the principle that matters. Where is your expertise? More specifically, what can you put a price on and find a buyer for? I knew a guy who regularly bought used restaurant equipment for half of what others were paying. Even things you wouldn't expect, like engagement rings and dogs are "turned" for a profit in this way.