Every so often there comes a time in our lives where we take a long look in the mirror and say, “I need money.”
Shortages of funds will happen, but that doesn’t mean you just have to suffer through them. There are plenty of ways to score some extra cash if you know what to do.
It’s not generally the first option on people’s mind, but when you’re crying “I need money,” a trip to the pawn shop starts to seem like a more attractive option.
The advantages? You can pawn off just about anything and get some money quickly. Pawn industry stats show that over 30 million Americans use pawnbrokers for short-term funding, and to great effect.
Just remember that the pawn shop will keep your item as collateral and that if you can’t pay back the loan within the agreed upon amount of time, they will keep your stuff.
An alternative to taking your valuables to the pawnbroker is selling them online.
You’ll have to part with them for good, but you’ll get the money you need and won’t have to worry about repaying a loan.
Services like Craigslist and eBay make it simple to snap a few photos of your items, post a description, and wait for the highest bidder to make an appropriate offer, answering your calls for “I need money” in short order.
If you don’t mind parting with them, you can donate sperm or eggs to those in need for extra money.
You’ll have to go through a screening process to make sure you’re the right fit, but once you’re in you stand to profit.
And now, for my favorite ways to earn extra income: the sharing economy!
If you’ve got skills as a designer, photographer, or in any other creative field, this is a surefire way to get some quick cash.
In most cases, you can set your own rates, so you know you won’t get undercut for your services.
Ridesharing services are easy to sign up for and a quick way to make some significant money.
The amount you make varies depending on how much time you spend giving rides, and what hours you spend driving.
For more on Uber, check out this resource.
Technology has also enabled you to rent out rooms in your home to make some extra cash.
Just list your room on a site like Airbnb, and arrange for dates for visitors to use the room.
Just be sure there are no restrictions against renting out rooms where you’re at.
To get a better idea if Airbnb is right for you, check out our free resource.
Walking dogs, boarding dogs, checking on cats, people pay good money for individuals to take care of their pets. And, you can make a fair amount working for a pet care service or building a client base of your own.
If you decide to go solo, though, just make sure you have the appropriate insurances and necessary registrations!
Glenn Carter is a sharing economy expert and is sharing his passion for side income through new digital platforms with his readers.