Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
In today’s fast-paced financial landscape, finding quick and effective ways to boost your income is a common goal. Whether you’re looking to cover unexpected expenses, save for a special occasion or simply increase your savings, making $5,000 fast can be a challenging yet achievable target. Keep reading to learn practical strategies to make $5,000 fast.
13 Simple Ways To Make $5,000 Fast
Whether it’s through leveraging your current assets, skills or making wise investments, there are several ways to make $5,000 fast. The following approaches are designed to suit various skills and resources, ensuring that you can find a method that works best for your situation.
1. Freelance or Contract Work
Utilize your skills and expertise to take on freelance or contract jobs. Platforms like Upwork or Fiverr offer a variety of opportunities, from writing to programming and consulting.
In addition, graphic design skills are in high demand, and on Upwork, the average hourly rate is $25 an hour. But if you have the background and experience, you can charge up to $150 per hour and get paid within 10 days of the project’s completion.
2. Sell High-Value Items
Take advantage of what you already have and look around for items you can sell, such as designer clothes, purses, furniture or even a car. Online marketplaces like eBay, Craigslist or Facebook Marketplace can help you reach buyers quickly.
If you have any unwanted devices, selling unused electronics is another profitable way to earn quick cash. Sites like Gazelle and Swappa make selling everything from laptops to tablets, cameras, Airpods and tech gadgets easy. Within two minutes, Gazelle gives you an offer for your unwanted device. You then ship the item for free for inspection, and you’re paid shortly after. Swappa works a bit differently and charges a 3% fee but pays you instantly via PayPal.
Vintage toys are another great thing to leverage to rake in money. If you’re ready to give up your childhood toys, collectors are ready to buy. Anything from action figures, to Barbies and Hot Wheels, you can sell on the site Sell Your Toys Now. There’s an easy three-step process that allows you to see the price of your toy online, send it in and then get paid.
Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.
Thanks!
You're now subscribed to our newsletter. Check your inbox for more details.
3. Rideshare or Delivery Services
Driving for rideshare apps like Uber or Lyft or delivering for services like DoorDash or Postmates can be a fast way to earn money, especially during peak hours or in high-demand areas.
According to ZipRecruiter, rideshare drivers can make $19 an hour. Assuming you can work eight hours daily, it would take 33 days to make $5,000.
4. Real Estate Flipping
If you have experience in real estate, buying, renovating and selling properties can be a lucrative option. This requires significant investment but can yield substantial returns.
5. Stock Market or Cryptocurrency Trading
For those with knowledge of the stock market or cryptocurrency, trading can be a quick way to make money. However, it’s important to be aware of the risks and to trade responsibly.
6. Create and Sell Digital Products
If you have a skill or knowledge in a particular area, creating digital products like eBooks, courses or design templates can generate income. These products can be sold on platforms like Amazon, Udemy or Etsy.
7. Event Planning or Catering
Organize events or offer catering services for parties, weddings or corporate events. This can be particularly profitable if you already have experience or connections in the industry.
The average wedding planner can make $1,500 per event, according to Wedding Wire, so you can make $5,000 quickly if you’re willing to give up weekends for a month and work helping couples celebrate their big day.
8. Consulting Services
Offer your expertise as a consultant in your field. Businesses and individuals are often willing to pay for specialized knowledge and advice. By using your professional skills on the side to generate additional income, you can charge an average of $48 an hour per ZipRecruiter.
9. Short-Term Rentals
Rent out a spare room or your entire home on platforms like Airbnb. This can be especially profitable in tourist-heavy areas or during peak seasons.
10. Invest in High-Yield Opportunities
Consider investing in high-yield bonds or funds. While there’s risk involved, the potential for higher returns can help you reach your $5,000 goal faster.
11. Flip Website Domains
Flipping website domains can be a lucrative way to bring in extra money if you buy low and sell high, much like real estate. According to Search Logistics, “Domains that generate income are often sold for 20x-40x monthly profits. That means if your domain makes a $1,000 profit each month, it could be worth as much as $20,000 – $40,000.”
12. Build Websites
If you’re tech savvy, put your skills to use and build websites on Squarespace.Jade Warshaw, a financial coach and co-host of The Ramsey Show shared how profitable it can be. “Building websites on Squarespace, you can charge a lot,” Warshaw said on the George Kamelshow. “My husband did that as a side hustle while we were getting out of debt, charging up $1,500 per site.”
13. Dog Training and Boarding
If you’re patient and love animals, you can earn a lot of money dog training and boarding at your home. Owners will pay big bucks for a reliable person to care for their dogs and teach them discipline.
According to Rover, a night of boarding costs $40-$50 and $20 a walk. Dog training sessions can cost anywhere between $55 to $215 a session.
Final Take
How can you make $5,000 fast? Making this amount requires a combination of strategy, effort and sometimes, a bit of creativity. From leveraging your skills in the gig economy to smart investing, there are multiple ways to reach your financial target.
FAQ
Here are the answers to some of the most frequently asked questions about making money.
- How can I get $5,000 ASAP?
- Here are a few ways you can get $5,000 quickly:
- Take on high-paying freelance work: Look for freelance jobs that pay well and can be completed quickly. Websites like Upwork or Freelancer offer various opportunities.
- Sell high-value items: Sell items you own that have significant value, such as electronics, jewelry or collectibles.
- Offer specialized services: If you have a specialized skill, such as coding, graphic design or writing, offer your services for a premium price.
- Here are a few ways you can get $5,000 quickly:
- How can you make $5,000 in a month?
- If you want to make $5,000 in one month, you can do the following:
- Work overtime or take on a part-time job: Extra working hours or a part-time job can significantly boost your monthly income.
- Start a side business: Consider starting a small business based on a skill or hobby you're passionate about, like photography, baking or crafting.
- Invest in stocks or cryptocurrency: With careful research and investment, the stock market or cryptocurrency can provide substantial returns within a month, though it comes with risks.
- If you want to make $5,000 in one month, you can do the following:
- How can I make money with $5,000?
- Here are some options for making money with $5,000:
- Invest in the stock market: Consider investing in stocks, mutual funds or ETFs. With proper research and a diversified portfolio, your investment can grow significantly.
- Real estate investment: Use the $5,000 as a down payment for a real estate investment, such as a rental property.
- Start a small online business: Use the capital to start an e-commerce store or an online service business. With the right strategy, this can turn into a profitable venture.
- Here are some options for making money with $5,000:
Heather Altamirano contributed to the reporting for this article.
Data is accurate as of June 14, 2024, and is subject to change.
Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
- Search Logistics. 2024. "HOW TO SELL A DOMAIN NAME FOR PROFIT STEP BY STEP."
- Rover. 2024. "The Cost of Dog Parenthood in 2024."
- Wedding wire. "Wedding Planner Cost Guide."
- ZipRecruiter. "ZipRecruiter."
