There are tons of opportunities to make good money in places you may not have noticed before. You can make extra cash fairly fast by doing things like getting a tax refund, getting a side hustle, fixing your budget, and getting a loan. Let’s check out these and some other ways to make good money!
Who couldn't use 1000 dollars? Unless you have the financial freedom of let’s say an Elon Musk or Jeff Bezos, $1,000 can go a seriously long way and really lift some financial stress off of your shoulders, especially if you are living paycheck to paycheck to cover your monthly payments .
With $1,000 you could buy that new thing you’ve been looking at, add to your savings account, or help to pay some of your debt off.
If you have a job or are even unemployed, there are still plenty of opportunities to make quick money in areas that don’t involve getting a second job or side gig. While getting a second job is the obvious way to make an extra dollar , this may not be feasible and you might need to make money easier and quicker. Thankfully, there are many new jobs, apps, and websites that have come about in the last 10-20 years that have opened up awesome new ways to make money and reach your earning potential.
Whatever you need or want the money for, there’s no denying that an extra dollar or a $1,000 would be great. That being said, money does not grow on trees. $1,000 is a big chunk of money and isn’t exactly easy to come by. Making $1,000 or close to $1,000 very quickly will take a lot of hard work and creativity, but it is not impossible. If you put the effort and elbow grease in, you could see yourself getting some good money as a result. Here are some of our favorite ways to make you a decent chunk of money!
It may not surprise you, but no one really likes taxes. However, did you know that taxes can be your friend when it comes to the later months of the year? Yep, you read that correctly. You can actually make money from your tax paying at the end of the year from something called a tax refund.
Every employee fills out a document called a W-4. This document is from the IRS that the employee fills out so they can notify their employer about their taxes. It essentially tells your employer how much the IRS should take from their employee’s paycheck for taxes. However, sometimes these W-4 forms are filled out incorrectly and can cause you to overpay or underpay your taxes. A tax refund happens when you overpay your taxes to the IRS. As a result, the IRS sends you the amount you overpaid in taxes at the end of the year in the form of a check or bonds from the government.
While this seems like a strange way to make money that isn’t necessarily guaranteed for each person, getting your tax refund is one of the easiest and most effortless ways to get a big sum of money. Still not convinced? Well, did you know the average tax return in 2019 was over $2,500! Further, almost 170 million people filed for tax returns with more than 80% of them being filed electronically from the comfort of people’s homes and offices. Over $310 billion dollars in tax refunds were given back to Americans from the IRS. That is a gigantic chunk of money for a gigantic chunk of the American population. As you can see, tax refunds are extremely common and can make you even more than $1,000 in some situations. Chances are, you may have overpaid your taxes in some areas and can expect to get a tax refund at the end of the year.
If you need your tax refund before it is sent to you in the mail by the IRS, you can request something called a tax refund advance or tax refund loan from companies like TurboTax, H&R Block and Jackson Hewitt. With this, you get access to your tax refund early with zero interest attached. However, you can expect to pay some money in the form of fees. Your money will be sent to you in a prepaid card in which you can spend it however you like. As you can see, tax refunds can make you over $1,000, and can be given to you earlier than normal if you really need it to get you out of a jam financially.
Companies and other institutions spend an unbelievable amount of money on market research every single year. In 2018 alone, a staggering $21 billion was spent on market research in North America alone. Marketing and testing is of huge importance for companies and other institutions when it comes to their products. Companies won’t release a product until they know how customers are likely to react to it. Similarly, hearing feedback and reviews from customers about products and services is one of the most effective ways for companies to know how they can improve their products. As such, people that participate in these market research projects and can provide valuable comments and feedback are highly valued by researchers.
You can make a good amount of money by participating in a paid survey, interviews, and focus groups from companies seeking your valuable feedback. Many sites and apps can connect you with these companies that could pay you up to $300 per hour in the form of cash or gift cards! For example, online survey sites like Survey Junkie, Respondent.io, FocusGroup.com, and Recruit and Field are platforms where you can participate in this market research and make money. The length and complexity of the market research projects vary, but if you put the time and effort in you could be making some good money!
Fiverr is an awesome part time job site that we go over in some good detail on our blog about some apps that make you extra money. Essentially, Fiverr is a marketplace where freelancers and other workers advertise their work and specialties and are connected with customers who are looking for their expertise. There are tons and tons of different jobs advertised on the site, and there is a big chance that you have skills that someone is in need of. The majority of these services can be performed online so you can earn quick cash from the comfort of your home.
Here’s how Fiverr works: you, the freelancer, puts a post on Fiverr advertising your skill or service. You detail what exactly it is you are doing, how quickly it can be done, and how much it is going to cost. For example, you could post that you will manage someone’s social media or Facebook for a month. With Fiverr, you have the liberty of charging whatever cost you want. Likewise, you can work however little or much you want to.
The only problem with Fiverr is that it can be extremely competitive. There are hundreds of freelancers advertising their skills and expertise on Fiverr for every type of job. Unless you become one of the higher rated workers for that specific job or you are willing to charge a small amount, you could find that it is a little difficult to make some good money. However, if you have a skill you are great at or you are willing to put in the extra work and effort to sharpen your skills, you could make some awesome and reliable income being a freelancer with Fiverr.
As we mentioned earlier, there has been a big surgance in jobs coming from places that did not necessarily exist 10-20 years ago. A big part of this has come from the creation of an industry many people call the “gig economy.” Gig economy jobs are essentially freelancing jobs that workers can use as a side hustle because of their great flexibility that allows workers to work whenever they want and for however long they want. Many of these jobs also include workers utilizing their own possessions to earn an extra income, such as using their car or their property. Here’s a quick look at some of the best gig economy jobs to make you extra cash.
Uber, Lyft, Doordash, and other similar companies are surely apps that you have used or at least have heard of. If you haven’t, they are essentially apps that connect drivers with customers for a variety of needs. For apps like Uber and Lyft, drivers are connected with people that need a ride. Drivers pick up customers that need to go from point A to point B and are then paid after the trip is completed. Similarly, apps like Doordash, Postmates, and InstaCard work like Lyft and Uber, but drivers pick up meals and even groceries for customers instead of giving them a ride.
As a freelancer / gig economy worker working for one of these companies, you could make some extra money on your own time. As a driver, you can have many of these apps open at once so you can maximize your driving demand. You can turn the apps off whenever you want, so there is no pressure to or demands to work under. You can work as little or as much as you want. These gig economy jobs are basically like a second job without the constraints that come with a regular job. Consider working as a driver for some of these apps and you could be on your way to making 1,000 dollars.
If you have a piece of property that you do not use or you travel and are not always at your home, using your place to rent out to people on AirBnB is a great way to make real money. Even if you don’t have a piece of property, there are always people that are looking for workers to maintain their houses they rent out for AirBnb. You could make some good money doing either of these things, so check out AirBnB if this interests you.
While budgeting does not seem like something that could make you money, much less 1,000 dollars, you would be surprised with how much budgeting can free up a lot of your money in your spending. There are tons of budgeting apps out there that can help you spend your money more efficiently in a variety of ways.
Chances are, whether you know it or not, you are spending your money inefficiently. Running out of money at the end of the month to pay many of your bills and loan payments? Feel like you don’t have as much spending money as you think you should have at the end of the month? Just want to have some more money than before? If any of these apply to you, budgeting can find you some money in that spending plan of yours.
There is likely some area of your spending that could use some improvement. You may be spending too much money on frivolous purchases or are using way too much energy and your utility bill is hurting as a result. Whatever the case is, a budgeting app could help you free up some of this money. If you put in the effort to stick to your budgets, you could easily free up 1,000 dollars or so over time.
While you might want 1,000 dollars to have extra spending money or to meet savings goal, there is a chance that you need 1,000 dollars very quickly to pay for an emergency or an unexpected expense. If that is the case, one of your only options of getting a good deal of money very quickly is through a loan. However, not every lender is just going to allow you to easily borrow $1,000 from them very quickly. If they are, chances are there are some high fees and interest rates associated with it and you may have to pay back that money very quickly.
Possible could be a great solution to this problem. Possible offers installment loans of up to $500 that are much easier to pay back than typical payday loans you may find. Payments are made once a week for four weeks, instead of everything needing to be paid back in a week. If you are struggling with a payment, you can extend your payment within the app up to 29 days. Even more, loans at Possible are credit building loans, which means that your credit score will go up as you pay your loans.
Interested in getting a loan with Possible? Download our app today and get started!