When it comes to making money, most people want to know the same thing: How to earn lots of it in a way that’s fast, legal, low-effort – without having to pay all of it back at a whopping interest rate. Unfortunately, nobody has yet uncovered the secret to achieving that perfect balance, until now – we take a look at seven easy ways to help manage your finances and earn you some extra money.

1. Take out a loan

If you need serious money quickly, the easiest way to do it ‘above board’ is to take out a loan – just be careful about the terms and make sure you do the maths in terms of the interest and how much you’ll be paying back overall.

Loans that are secured against something you own (like a house or car) usually offer the best rates, although if you can’t make repayments, your assets may be repossessed. If you don’t have anything of high enough value, you’ll have to have an ‘unsecured’ loan which may cost more overall. Look for options like guarantor loans (where a friend or relative agrees to cover your payment if you miss it) – these can even be arranged with a same-day payout.

2. Sell your stuff

For a quick injection of cash, try going through your old belongings. If there’s stuff you don’t use – whether it’s a garment you’ve only worn once, electronics that have been replaced with something newer or hobby equipment that’s gathering dust – you may as well sell it to someone that will get more use out of it.

As long as you can face getting up early, car boot sales are a good way of shifting a lot of mid-quality items in one go (although you might not get much money for them). Online marketplaces like eBay or Facebook Marketplace are a good way to reach a wider audience (especially if you’re selling something niche), while expensive and luxury items might be better taken to a specialist agency. Depending on how much stuff you have, how precious you are about getting rid of it and how much patience you have, you can make yourself a tidy sum.

3. Rent out a bedroom

If you’re lucky enough to have a spare room in your home, or your flatmate or current lodger has moved out, there’s a quick way to make some extra money right there without having to do anything much. Word of mouth is always a reliable way to find a new flatmate, and it won’t cost you a penny (well, maybe a drink to say thank you).

Or use online room rental platforms such as badi to find a suitable flatmate that matches your criteria in terms of age, tastes, hobbies and wavelength. Sign up and list your room quickly and for free, and wait for potential tenants to get in touch or send them chat invites. You can even get paid securely online.

4. Sell your skills

Are you a dab hand at guitar, or fluent in another language? Licensed tutors can earn a substantial amount for passing their skills onto others, but if you don’t want to go to the effort of getting accredited, you may find people willing to sign up for a slightly lower price.

Although you will need to be somewhat flexible around the schedule of your pupils, you can take on as much (or as little) work as you want and fit it around other jobs or studies. Plus, you’re sharing something you already know, which should take relatively little effort.

5. Offer your opinion

Ever thought about entering one of those competitions you see in magazines? Usually, the prize is a swanky trip abroad, high-end consumer goods or a lump sum of cash. Start signing up for anything and everything, even if it involves questions or puzzles that you’re not sure about – if you don’t enter, you can’t win.

With this option, just be careful about what data you’re giving out – you’ll never get something for nothing. Consider getting a 99p sim card and a second email account so your usual contact details aren’t inundated with spam. If the survey or claim form feels too intrusive, it’s best to back out.

6. Take a chance…

Ever thought about entering one of those competitions you see in magazines? Usually, the prize is a swanky trip abroad, high-end consumer goods or a lump sum of cash. Start signing up for anything and everything, even if it involves questions or puzzles that you’re not sure about – if you don’t enter, you can’t win.

With this option, just be careful about what data you’re giving out – you’ll never get something for nothing. Consider getting a 99p sim card and a second email account so your usual contact details aren’t inundated with spam. If the survey or claim form feels too intrusive, it’s best to back out.

7. …Or don’t, by betting against yourself

Matched betting is where you can take advantage of the free bets advertised on betting websites so that you always get a payout in your favour. Simply make the bet online and then go into a physical betting shop to take the reverse bet – so you end up betting both for AND against the same outcome.

The profitability will depend on the bet in question, but by covering the odds in both directions you don’t run the risk of being out of pocket.

What’s the best way of getting money quickly?

In order to choose a method to focus on, ask yourself a few questions. Firstly, what do you need money for? If you’d just like a bit of extra cash in your pocket, pursuing a riskier or slower route might be more acceptable than if you’re in a hurry to pay someone else back. Also, think about your future circumstances – can you afford a loan that will need to be repaid, or are you unsure of your income over the next year or so?

General Information Only. This website and its information are intended to provide users with general information about the Real Estate Sector and are not meant to be construed as legal advice of any kind. Please note that the opinions of the authors are not necessarily the same as the opinions of BADI or any of its associates and that the information provided may not be updated. In this regard, we reserve the right to change our views on any given topic.
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