The only thing better than making more money is doing it quickly.
Most of us would be happy for a few extra quid in our pockets. We’re also an inpatient bunch who have applied fast-food culture to every area of our lives.
We want better jobs now, more friends now, a better relationship now, a more obedient pet now.
Sadly, some things do just take time.
Making a bit of extra cash however, can be done relatively quickly.
In this post, I’m going to talk about some of the best ways to make money quickly. I’m not just regurgitating other people’s ideas here, this is all stuff that I’ve done myself at one time or another.
What are the best ways to make money quickly?
1) Switching bank accounts
Switching bank accounts to make money was something that I’d never really considered.
Then after receiving loads of emails from MoneySavingExpert back in 2017, I thought I’d give it a shot.
Most of the big banks in the UK will actually give you cold hard cash as an incentive to switch your current account. It’s usually somewhere in the region of £100.
There’s usually a few conditions to meet, such as having active direct debits and paying in a certain amount during the first month of opening.
Switching current accounts used to be a major pain in the ass, but now it’s so simple. It normally takes a week for your new bank to arrange everything, but they do it all for you. Their dedicated switching team will close your old account, transfer your balance, move over any payees and direct debits.
Speaking from experience, I’ve done this at least ten times since 2017 and I’ve never had an issue.
The switching deals are usually only on for a couple of months, so you have to be quick to catch them.
Often, a couple of banks have switching incentives on at the same time and regularly I’ve found that as one deal ends, another one opens.
The money is paid directly into your new bank account with no strings attached. How quickly it arrives depends on the bank. Some switches I’ve done, the money has been in there instantly. Other times, it’s taken a month. Still not bad for free money!
2) Sell your stuff
Let’s face it, we all have loads of crap.
I try to lead a pretty minimalist life and still find myself with more stuff than I need.
In the past, I’ve had some big clear outs and decided to sell loads of my things online. At first I was hesitant because I couldn’t fathom the idea that people would want to buy my used junk. You’d be surprised what strangers are willing to purchase.
I’ve found eBay is great for clothes and miscellaneous items. Then if you have electronics, game consoles, old mobile phones, there are a fair few good options. If you have a local CeX, I’ve found their buying prices quite fair in the past, or head online to musicMagpie or Ziffit.
You’ll really be surprised by the kind of stuff people are willing to buy online, and you can make some serious money quickly by getting rid of all the clutter at your place.
3) Get a side hustle
This one may not be as quick, depending on what you opt for.
If you have a particular skill or talent, see if there’s a way that you can make money from it outside your normal 9 to 5. For me, I do some freelance writing which isn’t major money but it’s a bit of extra cash.
Another side hustle I’ve done in the past is delivering food with Uber Eats. I did it the hardcore way. Using a bicycle in Sydney, I would ride around the hills and the heat slinging takeaways from a rucksack. I didn’t make enough money to retire but made a decent bit of extra income and got fitter in the process.
For those who aren’t into the idea of cycling, have a look at delivery jobs you could be doing using your car, moped, or electric bike.
Some side hustles can take time to develop but there are definitely options that pretty much anyone can do with zero experience, you just need to be proactive about it. I know this is easier said than done sometimes but nothing comes for free, so you have to put in a bit of graft.
So there you have it, 3 simple ways to make money quickly.
This isn’t an extensive list and there’s plenty more that you can be doing. Once you’ve covered the basic and obvious ways to earn a bit of extra money, it’s always best to try and think outside the box.
Get in touch if you have any ideas to add to this list!