Did the car break down? Is it time for a new refrigerator? Whatever the reason is that you’re trying to figure out how to make $500 a day, or how to make $500 in a week realistically, we’ve got you covered.
The fastest way to make some extra money is to sell stuff. If you have a little more time, a side hustle or some form of passive income could boost your revenue by $500 a day. Online surveys are another way to bring in a few extra bucks.
Here’s a list of money-making options on how to make $500 a day, or earn more money every week. We’ll even look at some jobs that pay $500 per day.
1.Refinance
When I needed a large sum of money fast, I refinanced my car. My car was eight years old, and It had been paid off for several years. I took the title of my car to the bank, and they gave me another loan on my car which allowed me to get several thousand dollars that day.
Refinancing your mortgage is also a great option. This will not only help you get the money that you need, but it can lower your monthly payments as well. There are many benefits to refinancing your home loan, so considering this option may be wise if you’re looking for cash in a hurry and want to avoid taking out another type of loan.
2. Pawnshop
If your car isn’t paid for you might consider a pawn shop. You could take your most valuable items and pawn them for cash. Most shops give you the option to repurchase your stuff within a specific time frame.
If you have a few things that are not worth much, but still hold some value – for example, an old gold watch or a camera- then it might be wise to take them to the pawnshop. But be aware that the pawnbroker may give you as little as 50 cents on the dollar for your item.
3. Loan
I had also borrowed money from my 401k when I needed 500 dollars fast. Not all retirement plans allow you to borrow from them and if you make a withdrawal you have to pay taxes and a penalty fee.
There are drawbacks, of course: you have to pay back what you owe within a certain date or you could face additional fees.
4. Borrow
Borrow the money from a friend or relative. If you offer collateral, such as jewelry or a computer, for the lender to hold in case you can’t repay them, they’ll be more likely to loan you the money.
If you have an emergency and need money quickly, this is your best option.
Loans from the bank or credit union are another option but they may charge high interest rates for borrowing small sums of money like 500 dollars unless it’s through a good credit card.
5. Get Paycheck Early
Even in emergency situations, I don’t recommend high-interest cash advance services for money. Instead, try using the Earnin app to get your paycheck faster without paying the big fees that cash advance businesses charge.
Get paid anytime with this free app. Do you wish there was a way to have access to your money before payday?
Well, now there is. Earnin is an app created by Activehours that pay you for hours worked without any fees. The app has received 4.7 out of 5 stars on iTunes with over 5,000 reviews.
What is Earnin
In 2013 ActiveHours was started to provide a more economical alternative to payday loans.
Funding for Earnin comes from venture capitalists, and it’s used by big companies such as Bank of America, Uber, Starbucks, Apple, Lowes, Home Depot, Sprint, Pizza Hut, and Walmart to give their employees and contractors an advance on their pay.
Earnin has been featured on ABC News, Nerdwallet, and Forbes.com.
Anyone can use the app as long as you have your check direct deposited, create a profile, and meet specific criteria. Your credit history is not a factor, and you don’t have to give your social security number.
Features of Earnin
- You pay a tip instead of a fee to use the service.
- A daily withdrawal limit of $100.
- Pay period withdrawal limit varies depending on pay.
- You must have direct deposit.
- Available to hourly and salary employees.
Here’s How Earnin Works
According to their website, you snap a picture of your timesheet, and then just a tap lets you cash out and receive your money through your bank account. You pay what you think is fair and there are no fees or interest.
More than half of U.S. workers live paycheck to paycheck and struggle to make ends meet. For those folks, this app could avoid the high cost of overdraft fees or charges from late payments.
Currently, Americans pay around $32 billion in overdraft or insufficient funds fees, $9 billion on fees associated with payday lending and $6 billion in pawnshops fees.
Earnin can be a great safety net to use while you’re building an emergency fund and getting a budget in place but don’t rely on it long term. Fees and tips from anything add up over time.
6. Sell Stuff
Sell Your Clothes
Most everyone has some gently used clothing that they don’t need. Look for a second-hand store, like Plato’s Closet or Buffalo Exchange, that will pay cash for your items.
Apps like Letgo and Facebook Marketplace are good places to sell clothing. Simply post a photo of your item and meet up with your buyer to collect your cash.
For vintage and quirky items try the Depop app. The Depop app is similar to Instagram, with a 10% fee.
Sell Services
Find Jobs you love at rates you choose with TaskRabbit. You can make some quick money doing odd jobs in your area.
Sell your plasma to a plasma donation center near you.
Related: 40+ things you can sell to make extra money now.
7. Side Hustles
Deliver Packages
Amazon Flex pays $18 to $25 an hour to deliver Amazon packages. You must pass a background check and own a smartphone to be eligible.
Shop
Get paid to shop with Shipt. Earn up to $22 or more by shopping at stores people love and delivering to their door. Set your hours, work when you want.
Write
Get paid to write articles from home with this list of 101 sites that hire writers. You can earn a few dollars for a short review or hundreds of dollars for a long article.
Transcribe
You don’t need any experience to obtain one of these online transcription jobs.
Temp Jobs
Many temporary staffing agencies pay daily for a variety of tasks.
Related: 22 Exciting Small Business Ideas
8. Passive Income
Install Apps
Get paid for installing the Nielsen Digital app on your mobile device and leaving it run in the background.
Rent Your Car
Use the Turo app to rent out your car. Earn easy passive income by listing your car for rent when you aren’t using it.
Sell Shirts
Sites like CafePress, TeeSpring, and SellMyTees, allow users to custom design T-shirts. Make a popular design and earn royalties. Amazon has a service called Amazon Merch; you upload your designs and Amazon takes care of making them, packing them, and shipping them.
Make Money Investing In Stocks
Stocks make you money by providing a smart way to invest in the economy. You’ll be able to earn passive income every month and start building your financial future, but there’s one catch: it takes time.
To generate enough capital to make 500 dollars a day or more requires having massive portfolios that compound quickly – which is why stocks are so great; they’re simple yet powerful tools with many benefits – anyone can get started!
Not sure what to invest in? I love the book Unshakable by Tony Robbins. This book is a must-read for anyone who wants to better understand the world of investing.
It includes advice on how to avoid financial predators, use low-cost indexed investments, and minimize taxes—all while considering human behavior and psychology in order to make your investment decisions work best for you!
Related: How To Create Passive Income With No Money
9. Surveys
Toluna
This trusted website occasionally gives you free products to try and pays you with gift cards for your opinion.
One Poll
Sign up and get paid $5 today. Make money for your opinion, take interesting surveys, and win cash prizes.
Hiving
Earn points for surveys and redeem them for cash or gift cards. Make money by inviting friends to participate.
Related: The 10 Highest Paid Surveys
10. Jobs That Pay $500 Per Day
Plant Trimmer
If you live in a state where cannabis is legal you might consider a job as a marijuana plant trimmer. According to GFarma News, it’s tedious work, but some people make as much as $500 a day.
Welder
According to CNBC, an underwater welder can make between $900 and $1200 a day.
Pilot
The top 10% of commercial pilots earn an average of $120 per hour.
Tattoo Artist
The best tattoo artists earn an average of $130 and up per hour.
Photographer
Depending on the quality of work, freelance photographers earn between $13 and $100 an hour.
Interior Designer
Most designers, need a college degree and require some form of licensing. Top designers average $100 an hour.