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Welcome to the Millionaires Giving Money Blog. Learn how to Make Money, Save Money and Investment Money. Find out how to ask Millionaires and Billionaires for financial assistance.
Monday, 29 February 2016
Here at The Millionaires Giving Money Blog I'm always asked how to make specific amounts of money. Recently a reader of the blog asked me how to make $50 dollars quickly so he can replicate the process and make $50 dollars whenever he needs to. This got me thinking and eventually I came up with 10 ways to make $50 dollars very quickly.
As always I like to advise my readers of taking financial charge of their future and learning how to make 50 dollars quickly is one way of getting out of poverty and then investing in your future. You can definitely make money and you can improve your future if you persevere and have a positive paradigm. So without further ado here are the 10 ways to make 50 dollars.
1: Upsell on eBay
Upselling items on eBay is a great way to make 50 dollars quickly. This process is becoming more popular but it does require a eye for finding products where value can be added. The idea is simple, you find great products which are in need of TLC and then buy them. You then add value and resell them by improving on the pictures posted and description added. This is a very lucrative process and the more you do it the better you get at it.
Creative people with imagination can think up products and then sell them on sites like eBay and Amazon. The key is finding a unmet demand and then supplying the product. It does take a lot of research and one possible solution is to find products which are made abroad where there is great demand and then make these items at home so people save money on shipping costs.
The number of spare rooms in the USA and UK which go unutilised is astounding. I know many people who have a spare room who could do with a few bucks refusing to rent their rooms out to strangers. If you're serious about making money this is one Avenue that needs to be pursued. To get started clean up your room and take pictures and post them on sites like Airbnb. You should always do a credit check on the person and ask for references from their last two places of residence. By renting your room out you could make $50 dollars every few days by renting your
The number of phones, laptops, and electrical equipment people throw out is mind boggling. Despite there being value in these products people just check them in the bin. To make money you could drop a leaflet asking for people's electrical junk and then sell the items on sites like eBay. There is demand for new and old stuff and you could make 50 dollars just by selling a few items online.
There is a lot of demand for specialist equipment which people needs to use once but are reluctant to fully purchase. You could make money by putting these items for rent through specialist sites. If you have high spec camera's or tools people are willing to hire these items. You could easily charge $50 for a weeks rental, if you can do this a few times a month you could easily generate $150 a month or $1600 a year.
If you consider yourself a culinary expert you could start a small catering business. The demand for caterers is ever increasing as people's lives become busier and their need to get external help rises. Take advantage by offering a cheap and cheerful menu at competitive prices. If you can cook delicious food you will get orders and you will make $50 very easily. There more seriously you take this the more money you can make.
It's now easier than ever to write and publish your own book on Amazon Kindle. The pen is mightier than the sword which means if you have creative skills you will make money. If you lack the creative skills just find an excellent book with high demand and then improve on it to capitalize on some sales. Writing and publishing books is a great way to make 50 dollars passively and quickly.
Making a premium bar of soap costs a dollar and depending on the ingredients used you can sell it for anything between 10 and 20 dollars. I know people who make Glycolic Kojic Acid Glutathione Soap and then sell it for $10. If you enjoy mixing chemicals and packaging products this could be for you. If you can sell at $10 a pop you just need to sell a handful of bars to make 50 dollars.
This option is worth pursuing if you have spare weekends or can work nights. Join a agency for temps and then work whenever you're needed. The rate for temporary workers is higher because they're called with short notice so you could earn 50 dollars per day for doing a few hours. If you can repeat this a few times a week by becoming a reliable worker you could make a lot of money.
Some people enjoy driving and if you're one of those people who can see themselves behind the wheel of a car you could make money by signing up to Uber. Uber is a online taxi service where you can book a taxi online. You can even share a ride and split the costs and the beauty is its all done online. You can even get money for referring drivers. If you like driving you could make anything between $200 and $500 dollars per week working full time after costs which makes it worth considering.
I hope you find these ideas useful and remember if you persevere you will find a way to make money using these money making strategies. All of these ideas are tried and tested and ordinary people have made money so if you can master one of these strategies you could make a lot of money and get yourself out of poverty. If you have any other ideas you want to share please share them on the comments section and remember to follow the blog on Google +. Good Luck
Labels: Make Money Now
Tuesday, 23 February 2016
If you're in a tight spot and need to borrow money now then there are ways you could raise money fairly quickly without having a immaculate credit score. In this post titled I need to borrow money right now there are 10 quick ideas to borrow money for your essential needs.
Borrowing money can be useful but you must be careful because you can get yourself into financial hardship if you borrow too much. It's always a good idea to establish an emergency fund so that you don't need to borrow money and you must complete a income and expenditure form to see how much you can afford.
'Always spend borrowed money on essential items and try to establish an emergency fund'
'Always find out how much you can afford by completing a income and expenditure questionnaire'
I Need to Borrow Money Right Now
1: Borrow From the Bank of Mum and Dad to Borrow Money
If you're desperate for money and have a terrible credit score the best option might be to go to the bank of Mum and Dad for a loan. I know it's embarrassing to ask parents for money but sometimes it’s the only option. Parents are always willing to help their children and if you're in a tight spot and need emergency cash most parents are more than willing to help out. To make the transaction seem more appealing to your parents create a loan agreement with a payment schedule so they know exactly when you will return the money.
2: Ask Friends for Money
Close friends are also willing to help out and it's certainly worth asking if you need some emergency cash. Find a friend who trusts you and have every intention to pay the money back. You could even go as far as offering something valuable as a collateral. I've lend a lot of money to friends and one thing that clinched the deal was when a security offered. Why not offer your laptop or phone as a security so they know you'll pay the money back. Again create a loan agreement with a schedule and a security so they are more willing to lend you money. You could even offer interest or a thank you bonus to help sweeten the deal.
3: Ask Your Employer to Borrow Money
If you need emergency cash you could go to your employers and ask them for an advance or to lend some money. Most employers have some money put aside to cope with emergencies so you could ask them for a cash advance. You could even ask them to deduct the money from your salary before it is paid so there is a guarantee you'll repay the money. If you have a genuine need for the money then employers are more than willing to help out.
4: Ask Neighbors for Money
This might seem odd asking a neighbor for help however from experience I've seen that neighbors are more than willing to help out. It's important to establish a good rapport with your neighbor from the beginning and to build trust so they will be willing to lend you money. Try to explain your situation to your neighbor and have the loan contract and security to hand to show that you're serious about paying the money back. As long as the transaction is backed with a contract most neighbors who trust you will be more than happy to help.
5: Ask Local Businesses for a Loan
Local businesses love doing their bit for the community and pride themselves on helping individuals who need a helping hand. To ask a local business for a loan you need to make an appointment with these companies and explain why you need the money. Again it's important to have a loan contract to hand and a security to help broker the deal. Most local businesses love publicity so explain to them that you're more than happy to express your gratefulness to a local newspaper about the businesses generosity. Businesses are more than likely to lend money if you have a genuine need, sometimes they might even give the money for free.
6: Ask Religious Organizations to Borrow Money
Religious organizations such as Church, Masjid, and Synagogues all have donors who contribute to their discretionary fund. This money goes towards running the organization and to help the community with worthwhile causes. When you have a genuine need these organizations will be more than willing to help out. There is a strong possibility that you might get the money for free. If you are not offered free money you could always ask for a loan backed with a security which might just convince the religious ministers.
7: Use a Zero Percent Credit Card
If you have a satisfactory credit score you could always try applying for a zero percent credit card to borrow from. Apply for a credit card which offers money transfers to bank account otherwise you won't be able to withdraw the cash. The longer the zero percent period the better it is for you as you'll have more time to pay off the loan. Also be wary of initial charges which range between 0 and 5% of borrowing. It's important to list your income and expenses so you know exactly how much you can afford to repay.
8: Find the Least Expensive Payday Loan
Payday loans have a high interest rate so it's best to avoid them. If however you have exhausted all other options you should apply for the best payday loan. Your aim should be to find low interest, low charge loans which do not penalize you excessively for a missed payment. Payday loans are changing and more companies are placing an emphasis on helping customers rather than maximizing profits.
9: Apply for a Guarantor Loan
If you have a poor credit score and know someone with a good credit score whose willing to help you out you could apply for a guarantor loan. A guarantor loan is backed by your friend so if you fail to make a payment your friend will be asked to repay the loan. These types of loans are becoming more popular as friends are very willing to help close friends out without lending their own money.
10: Find Buy Now Pay Later Catalogs
If you need the money to replace items in your household like appliances you could apply for a buy now pay later loan from catalog companies. These companies have relaxed credit requirements where you can spread the payment over 12 months to help you purchase items. You can buy items from clothes and shoes to household appliances and furniture. Your credit limit will be increased if you can prove you can pay off the loan on time.
I Need to Borrow Money Right Now
The above 10 ideas are robust ways to borrow money when you need emergency cash. As always it's important to spend the money wisely and complete a income and expenses form to see how much you can afford. Also always keep a loan contract with a schedule of payment and security to make the transaction real.
Reference: 2015 American Household Credit Card Study
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