3 MIN READ
5 Ways to Find $1,000 This Week
There are moments in all of our lives when we just need some extra money. Maybe it’s an immediate need because your car broke down or your roof needs to be replaced, or maybe you have an unbelievable opportunity and you need cash now to capitalize on it.
Whatever the case may be, you’d like to get your hands on $1,000 this week, and I know where you can get it…
1. Garage Sale – Yes, garage sales are old school, but they still work! Plus, you won’t have to spend a bunch of time loading each individual item online like you would if you posted on eBay or Craigslist. Simply advertise in your local paper as well as on some local webpages in your area. And, most importantly, put up a huge neon sign on the busy street corner near your house! I know I always make time for a good garage sale.
2. Get to Work – You may think it’s impossible to make $1,000 in a week, but it’s actually 100% possible. It’s definitely not going to come easy, but here are some ideas to get your brain churning: detail cars, offer your painting services for homes (exterior and interior), or you could fix cars. Basically, if you have a skill that others don’t have and they need to find someone soon, you could be their go-to person. Detailing 10 cars at $100 per car gets you your $1,000.
3. Raise the Money – If you need the money for a business venture, you could always raise it through your acquaintances and agree to pay them a percentage of the profits. If you agree to pay 10% to each person that loans you the money and you end up making 150% on your quick venture, then you would still earn yourself $1,400 in the process. Of course, if you do this you might want to make sure your business venture is truly a good idea.
4. Flip a Car – This option could be risky as well, but if the right deal comes along, then $1,000 could be made very easily on a car. I once had a friend that found a 2007 Nissan Altima for $5,500, even though it was worth over $8,000 at the time. Since he really just wanted the quick cash, he turned around and sold it for $7,000 within the week, netting him over $1,000 (after tax and the title transfer)
5. Search the Nooks and Crannies – If you have an expense that absolutely needs to get paid this week and you weren’t able to earn the money through these other ventures listed, then it’s time to start searching through your accounts. Look into your checking and your savings to see if you could squeeze any money out of there. Then start looking into bank CDs and your stocks and bonds to possibly pull money out of there. The next place to get it (again, only if you’re truly desperate) would be by applying for a small bank loan. Finally, you might just need to tap into your retirement accounts. Since there are often steep fees and heavy taxes on pulling money from here, I would make it the last option.
Good luck Penny Hoarders!