Do you need to raise money as soon as possible?
Whether it’s to pay a loan, a debt, or bills, we all need to raise cash at some point. Unfortunately, it’s rarely ever that easy to get the money we need. Borrowing cash can become a hassle, especially if you already owe your friends or the bank.
You shouldn’t fret; we’ve got your back. Continue reading our guide below to learn how to raise cash without breaking a sweat:
Crowdfunding
If you want to raise money, the best option is to turn to crowdfunding sites. You can utilize platforms such as GoFundMe or Kickstarter to launch a fundraising project. There are many crowdfunding success stories to take inspiration from.
Not sure how to raise cash using these platforms?
Each platform has a basic step-by-step process to follow. For Kickstarter, however, you may need to present a prototype for people to check out.
Selling Valuables
You can also raise cash by selling your valuables.
Things you might not think valuable could sell for thousands of dollars. Old Pokemon trading cards, especially when sealed, sell for high prices.
Do you have an extensive collection of Beanie Baby toys? Get your Beanie Baby appraised and sell them online or through a local garage sale.
Of course, there is the option to sell recognizable valuables. You can sell jewelry, gold, antique items, and your vehicle.
Withdraw From Your Retirement
If raising cash with the previous two options takes too long, you can always withdraw from your retirement plan. For people under the age of 60, however, you may suffer a minor penalty fee. They may waive this fee depending on special situations.
Due to the pandemic, you can also withdraw up to $100,000 from your 401(k) without suffering penalties. This comes thanks to the new CARES Act that aims to help people in the midst of the pandemic.
Take on Odd Jobs
If you want to learn how to raise money in a way that can potentially replace your day job, try out sites like Upwork or Fiverr. Sell your services. Market yourself to those who need your skills and talents.
It might take time but you’ll soon find a niche to specialize in. You could end up picking the highest-paying side hustles on Fiverr or Upwork.
The good news is there are a lot of niches to try out. You could set up a home call center or work as a virtual assistant. You could work as a blogger, web designer, digital artist, music composer, or even as an all-call Uber driver.
Raise Money Today
Start raising money today with these simple but effective methods. Sell your valuables or take on a few odd jobs. If you’re feeling extremely lucky you could try playing high volatility slots online. However, to our advice, you can also withdraw from your retirement or raise money via crowdfunding platforms.
Of course, our financial advice doesn’t end here. If you want to learn more tips, we suggest checking out more of our guides right here, today!
