Whether you’re facing sudden medical bills, losing your job, or have an emergency, it’s possible to raise cash quickly and legitimately. Outlined below are six ways to raise cash quickly.
- Apply for an e-transfer payday loan
A financial emergency is unpredictable and can catch you off-guard without money. With e-transfer payday loans like those from My Canada Payday, which are quick short-term borrowings, you can solve immediate cash issues, including unexpected expenses or surviving until your next payday. They’re convenient as you apply them online, from anywhere, and get the money within minutes. The e-transfer payday loan application process is flexible, and even with a poor credit score, you can get a loan.
Thanks to an e-transfer payday loan, you don’t have to go through the stress of waiting in long bank queues. These loans are ideal for fast cash due to their quick approval process, straightforward and seamless application process, fewer restrictions involved, and flexible borrowing is a guarantee.
- Convert your liquid assets into cash
Liquid assets like treasury bills and bonds, certificates of deposit, bonds, stocks, exchange-traded funds, mutual funds, precious metals, foreign currency, and money market funds. An asset is considered liquid if it exists or can be traded in an existing market, converted into cash quickly, and the trading or selling process is simple and secure. You can also make quick money selling your latest model electronics, including tablets, TVs, laptops, phones, game consoles, games, and DVDs.
- Try taking on odd jobs
If you don’t have valuable items you can sell, consider selling your services. You can babysit, pet sit, or begin a dog walking service. You can also offer car wash services in the neighborhood, mow grass, or sign up as an Uber or Lyft driver. You could also go grocery shopping for older adults or busy friends. There are several odd jobs you can take on for quick cash, provided you have the time.
- Consider your Roth IRA
While you should let your Roth investment keep growing tax-free, it can be a low-cost funds source, especially when you need quick cash. This is because Roth IRAs allow you to withdraw your contribution amount penalty and tax-free. You get the money fast, and you don’t need to pay taxes on your withdrawals until you deplete your contributions.
- Hold a yard or garage sale
Yard or garage sales are an excellent way to get quick money. You can advertise your sale on Facebook, Craigslist, local newspapers, church bulletins, and neon signs in strategic locations to attract as many potential buyers as possible. Note that the potential buyers who attend these garage or yard sales will try bargaining their way into getting the best possible deals. When pricing your items, avoid going too low as most buyers might talk their way into even lower prices.
- Sell unused gift cards
People always receive gift cards for holidays, birthdays, and thank you gifts. Nonetheless, sometimes you can get gift cards you may never use or didn’t use completely. Any amount left on several gift cards may add up over time, and you can sell it, making it an easy way to get fast money.
Emergencies can happen at any time, causing the need for quick money. Use these tips to raise money quickly.