If you need money quickly – you're not alone. We've all been there. In this article, we're going to look at a number of different ways to make $500 as quickly as possible. The key word here is, possible. “Fast” is a relative term, so depending on what you're willing to do to get the cash, you may land a five-spot in a day, a week, or a month. What's your timeline look like?
Some of the tips in this article will require you to sell something you already own, while others will be down to a specific skill or business idea. They won't all require specific talents, as some just need the willingness to work hard for a while.
Getting $500 “quickly” won't be as easy as getting $50, so keep that in mind.
Some of these ideas are just short term solutions, so they won't work with a “rinse and repeat” method. For example, you can only sell your second car one time. However, renting your room out for AirBnB is something you can do every month!
If you're finding yourself in a tight fix and in desperate need of this sort of money on regular occasions, you might need to have a closer look at your own finances long-term. Maybe you need to spend less, or earn more. There are many budgeting websites, books, and podcasts that can help you stop living paycheck to paycheck.
Plus, a few of these options could help you in the long-run and might work as sustainable side-earners if you are consistent enough with working on the side hustles and making them into a legit business venture!
How To Make $500 Fast
Selling & Reselling
One of the best ways to make some quick money is to sell something valuable that you already own. You might even be able to get cash for a specific item today under the right circumstances.
Sell Your Unwanted Jewelry
This is an easy way to get some money, fast. But only if you've got something you want to sell that has enough value. One of the best ways to get your money is to go to one of those “cash for gold” type stores in your local area. Obviously, your item will need to be gold. These stores are only buying your item so they can sell it for scrap value, so you shouldn't expect to even get that amount for it.
If it has any design value whatsoever, it might be best selling it somewhere else or even keeping it. Most of these stores survive by buying items from desperate people. However, they are a viable option if you really are that desperate. The main benefit of this type of sale is that you should get the money cash in hand on the same day if you really need it.
Sell Your Car
Your car could be another major item that's easy to sell. But only if you don't need it. Is it possible to walk to work? This could save you even more in running costs in the long run (and help improve your health).
While selling privately might make you more money – it'll also take longer. Listing your car on car sales sites and waiting for people to view can take weeks. If you want your money quickly, you'll be better off selling to a dealer. Be prepared to accept slightly less for your vehicle, as they'll need to make a profit on it too – but you could get cash on the day of sale if you really need it.
Sell Your Furniture
Furniture is another large item that people are willing to pay quite a lot for, even if it's second hand. You can try selling it to second hand stores – but selling it online could be a better option, either eBay or Craigslist. Just remember – you won't sell it right away and it might take a while to get the money if you do sell it online.
One major point to remember with selling furniture is transporting it. You'll have to list it as collection only unless you have a way to transport it yourself. This might limit the price you can get for it, but it could be a good option if there's someone in your area who really needs that item. If you do have a truck to transport it, consider starting a side gig with your truck.
If you've got something of value that you don't want to (or can't) sell – you could try renting it out.
Rent Out a Room
This one works great if you've got a property in a desirable location, or somewhere with lots of demand – and it's become a lot easier with sites like AirBnB. Remember – it could take a while to get listed and to wait for people to book, so this isn't a “quick cash” option, but it could be a viable side earner.
One great way to speed things up is to skip the AirBnB part and simply ask friends or family if they know anybody who needs somewhere to stay for a while. You don't have to rely on overnight stays, either – try renting out your garage to a band who needs room to practice, or even rent out office space to a business startup. You'll need to make sure you're allowed to rent out in your particular location, as some areas have started to ban things like AirBnB.
Rent out Space
Renting a room isn’t the only way to make money with your house. You can also simply rent out space for storage. For example, someone might need a place to store furniture for a few months, or longer.
The amount you earn would vary depending on the amount of stuff being stored and how long it was for. But, you could potentially earn $500 or more for long-term storage. You might also store things for multiple people, which increases the income potential. Just make sure you don’t get their stuff mixed up!
Rent Out Your Car
If you've got a car but don't want to sell it – you could rent it out. However, it'll take longer to get your money. While most people like to rent cars from the big companies – there are a number of new services that help private citizens rent out their vehicles. This works well if you have a particularly specialized or valuable car or if you're in a certain location. Expect to get a bit less than someone would pay at an established car rental firm.
Not every quick way to get $500 has to be based on selling or renting out something you already own – some of them simply require a skill, or just the willingness to put some work into something or provide a service.
Join a Medical Trial
Check to see if there are any medical trials starting in your area. These are heavily dependent on location and a number of other factors (your age, etc) – but they could be a good idea to get some quick money. Some pay even more than $500 (potentially thousands). However, they're obviously not without risks. While most medical trials pass trouble free, some have serious complications, so you'll have to be willing to put yourself in that situation and sign agreements waving liability.
Medical trials vary greatly. Some require you to go to a facility and be observed 24/7 – while others can take place around your day t0 day life but with regular note taking. You'll have to find one that fits your schedule. Often, the higher paying trials are the ones with more risk – but $500 is actually a fairly low amount. As you can probably imagine, it might take a while to find an appropriate trial, get accepted (you'll have to answer a lot of questions) and receive your money.
Become a Private Tutor
If you've got a particular skill or talent that people want to learn, becoming a private tutor could be a great way to make some money while helping educate people. This works especially well with something like languages or playing musical instruments, but it can work with other things, too. You can also teach in evenings or at weekends so it doesn't disrupt your regular job.
To start getting clients, you might want to approach a local teaching service for that particular thing, either a music school or language center, etc. They might have a notice board where you can place adverts – or you could try a local newspaper.
In some areas or with some schools, you might need specific qualifications to be able to teach. However, you could get clients from people you know or word of mouth that are happy to pay you to help without any specific qualifications. While it could take a while to get set up and to start finding clients, this could be a sustainable side earner (or even a main job) and you could earn cash in hand.
Teach a Set of Classes
Another interesting way to earn is with teaching. Plenty of people want to learn a new skill, like playing a musical instrument, painting or speaking a new language. If you have a skill that’s worth sharing, this can be an effective way to make money.
For example, you might teach a set of five beginners how to paint in a specific style, starting with the very basics and moving forward. Even if you charged just $20 a class, you could easily make $500 by just having five students and a set of five classes.
You don’t have to stick with the traditional types of classes either. You might teach something much less common, such as fencing or a specific type of cooking. Of course, it’s best to focus on something that you are skilled in and are passionate about.
Do Some Day Labor
There's usually a place in your area where you can simply turn up and do a days hard work. There are also a number of online services that'll help you find a quick labor job in your area.
Many of these jobs will pay cash in hand – but you might need a particular skill or some relevant experience. This will normally be hard, physically demanding work – so you'll need to be willing to do that. It will often be either on a construction site, farm work or other similar labor intensive roles.
Get a Temp Job
If hard physical labor isn't for you – you might be able to find a temp job with a more office-based skill. While this sort of work might be more appropriate for you, this sort of job (even a temporary one) is harder to get one a same day basis. You'll also often have to attend a number of interviews and agree to a fixed term contract. It's harder to simply turn up and do a days work like you can with some labor roles, and you won't get paid in cash.
Work For a Delivery Business
There are a number of local delivery companies that are normally looking for drivers. You can fit this around your schedule and often work when you want, with your own vehicle. This sort of work could be right for someone looking for some quick money, and it could be a sustainable side earner in the long-term.
You'll need your own vehicle and the willingness to drive long distance (although most of the work will be in your local area). Some knowledge of locations in your are would also be a benefit. Again, this sort of thing might take a few weeks to find employment and then start earning money – so there are quicker options out there if you need it straight away.
Build Some Websites
While you might think most businesses that want one will already have a website, this isn't really the case. If you've got a good background in web design – then building websites for people (or businesses) could be a great option. You don't even need that much web design experience, as you can sell a WordPress site for a couple of hundred dollars. You'll only really have to do that twice to make your $500.
While you can get clients online, this is tough and competitive. The best way to find businesses without websites (that want them) is to ask around in your local area. If you can meet people face to face, they'll be more willing to hire you. Simply explain the benefits and what you can do for them, then go about creating their website. If you use a WordPress template, this only needs to take a day or so.
To find local clients, try Google Maps to find businesses that don't have a website linked. These people will probably have thought about getting a site before but might have put it off because of cost. You're not trying to give them a high-end site that costs thousands, simply offer them something simple and effective for $200.
I just met with a guy today who's working on concrete on my house. His Google website listing redirects to his Facebook page. He could potentially promote his business that way.
Have a Stall at a Local Market
If you have a product of your own, local markets can work exceptionally well. They are also a good place to trial a new type of business, as the risk is typically low. In most cases, you just need to pay for your stall, along with the costs of making your products.
What you sell is up to you. But, crafted items often work particularly well at markets. This includes food, sweets, skincare, soaps and artwork, along with countless other options. It’s also important to make sure that you stand out in some way. For example, if there are three others stalls that sell soap, what makes yours special?
Being successful in this type of market does take planning and you may not earn $500 in profit on the first day. Even so, it can be an effective way to earn in the long-term.
Start a Window Cleaning Business
If you've got a bucket and a ladder and some time – starting a window cleaning business could be a great way to make some extra money. You don't have to make large expenditures to get going with this sort of business, it's got such a low barrier to entry. To start getting clients simply ask around in your local area, or ask friends and family.
Start a Lawn-Mowing Business
This one is similar to window cleaning with regards to getting started and getting clients, but it might be more appropriate in your area or if you've got a different set of equipment in the first place. Make sure you provide a good service, and you could earn enough cash in hand within a few days.
Be A Self-Directed Freelance Writer
Freelance writing works well for earning fast income and many people turn to freelancing sites (like Upwork) to find paid work. A good assignment from one of these sites could easily be $500 or higher. But, it would take time to build enough of a reputation to get such work.
You can also look for clients yourself. This is a great option if you’re confident about your work, as it means that you can set the rates. You could advertise on your website, hand out business cards or even turn to locations like Craigslist.
If you’re going to be self-directed like this, it is important to figure out an angle. For example, some people exclusively write content for websites, while others focus on writing pieces for local businesses. Once you figure out an angle, you can start to market yourself accordingly.
Start a Scrap Metal Business
The price for scrap metal has skyrocketed in recent years. While you could make that $500 if you have a lot of scrap metal laying around yourself, most people don't. One way to make some quick and easy money is to act as the middle man – this works especially if you've got a vehicle to transport the scrap. Many people find that the hardest part when selling their metal is transportation. It's heavy. So if you can either buy people's metal at a lower price and sell it on, or ask for a percentage of the price for transporting it – it could be a simple and easy way to make $500 within a few days work.
Instead of earning the money or selling it, one simple way to make a quick $500 is to borrow it.
Take it Out from Your Credit Card
This is probably the simplest way to borrow money – but like most of these options – it's going to cost you. It's easy to either make a direct purchase or take out money on your card, but you'll be paying a lot back in interest. Make sure you'll have enough to pay back as and when you need to, and don't get swamped by debt.
Borrow from Someone You Know
$500 is a lot of money to ask for from someone, but these could be one of the easiest ways to get it – without getting involved with high interest rates. Just make sure you pay it back.
Other Posts In This Series:
- 20 Ways to Make $10 Fast
- 19 Ways to Make $20 Fast
- 25 Ways to Make $50 Fast
- 23 Ways to Make $100 Fast
- 20 Ways to Make $200 Fast
- 22 Ways to Make $300 Fast
- 19 Ways to Make $400 Fast
- 20 Ways to Make $600 Fast
- 21 Ways to Make $1,000 Fast
- 22 Ways to Make $2,000 Fast