Sometimes, life throws sudden emergencies at you that require a cushion of cash to fix.
It could be your car breaking down, losing a job, or your water heater going bust.
Whatever the case, knowing how to make a lot of money in a short amount of time is a very useful skill.
That’s why this post is covering how to make $5,000 fast if you find yourself in a tough spot.
How To Make $5,000 Dollars Fast
If you’re wondering how to make 5,000 dollars fast, you’re in the right place.
These methods involve putting your skills and time to work so you can quickly make some extra cash.
1. Sell Stuff You Own
One of the simplest ways to get $5,000 fast is to sell off assets you own.
Granted, this isn’t something many people want to do, and it also requires selling off quite a few things.
That said, there are so many different selling apps and websites out there where you can sell stuff for quick cash.
Some popular options include:
- Facebook Marketplace Selling: This is one of the best options to sell stuff locally for cash.
- Mercari: This selling app is great for selling apparel, electronics, and even random stuff like old postcards, board games and sports cards.
- Depop: Depop is a popular selling app for thrifted and vintage clothing and accessories.
- Poshmark: One of the best ways to sell your new and used clothing, shoes, and accessories.
- SidelineSwap: Sell new or used sports equipment and apparel.
- OfferUp: Another popular marketplace for selling stuff for cash in person.
You can also try options like running a garage sale to sell off more of your old stuff more quickly.
Even if this doesn’t get you all the way to making $5k fast, it can at least get the ball rolling.
2. Food Delivery Gigs
Another method to make $5,000 dollars quickly is to work for various food delivery apps.
As a DoorDash courier, you deliver fast food and restaurant meals right to people’s doorsteps.
Making money as an Instacart Shopper is similar, except the main difference is that you’re also shopping for groceries before making deliveries.
But in either case, you can make solid money on the side if you put in enough hours of delivery.
So, if you want to get $5,000 fast, you can continue working your regular job and then do a job like DoorDash or Instacart on the side for a few hours after work.
This is an absolute grind to be fair, so it’s probably not sustainable behavior.
But, if you’re in a financial pickle, these sorts of same day pay jobs can come in handy.
Between all these apps, there’s no shortage of options to deliver food to make extra money.
3. Complete Odd Jobs For Cash
There are plenty of ways to do odd jobs for money, and this is another way to get $5k fast if you grind enough on the side.
I’ll give you a perfect example: search your local Craigslist for in-person cash jobs.
Chances are, you can find loads of cash gigs near you that pay you for tasks like:
- Handyman work
- Moving help
Granted, you’re going to find some weird gigs as well, so make sure you do some due diligence and feel comfortable with whatever you’re doing.
If Craigslist doesn’t work, you can also try companies like TaskRabbit that let you offer various handyman services to people in your city for cash.
4. Borrow The Money
If you’re still wondering how to make $5,000 dollars fast, one of the simplest options is to try and borrow the money.
Turning to friends or family is a natural option here. However, you need to be comfortable with this because this is a very large sum of money and dealing with friends and family can be complex.
Going through your bank is, of course, another option you can check out.
Finally, companies like Zippyloan also provide loans from $100 to $15,000 as fast as 24 hours, providing quick access to cash.
You should always read the terms and services of any loan you’re taking out, and ideally, you can avoid this route by turning to other side hustle ideas instead.
However, this option exists for a reason, and there are numerous ways to borrow money if you absolutely need to.
5. Online Freelancing
Making money by selling skills online isn’t necessarily the best way to make $5,000 fast because it can take a bit of time to build up your client roster.
But, if you have a few freelance opportunities already, I’ve found scaling that income to be one of the fastest ways to increase your income.
When I got tired of my day job, I quit and moved down to Medellin, Colombia to focus on blogging and freelance writing,
This was a drastic change, but as soon as I spent more time focusing on these income streams, they began to grow more rapidly.
This was over 2 years ago, and for context, This Online World made $92,000 in 2021 just for a picture of how far these freelance hustles can go in a short amount of time.
So, if you’re trying to make $5k quickly, you can always try grinding out freelance gigs on the side to make more money.
There are also plenty of gigs this works for, including:
- Content writing
- Graphic design
- Web development
- Virtual assistant gigs
Again, it takes time to find clients and raise your rates. However, you can turn freelancing into a viable second source of income or even a new career.
6. Negotiate A Raise
Another simple and fast way to make $5,000 is to negotiate a raise with your current employer.
A $5,000 raise is pretty typical for many starting roles, and this is actually something I got after working at an advertising agency for about a year and a half.
And, if you think about it, a 30 minute conversation for your employer that results in a raise is one of the best uses of your time.
Just take time to practice the conversation beforehand and make sure you articulate the value you’re adding to the company and why this means you’re deserving of a raise.
I also suggest reading this article from Forbes in which eight managers share tips on how to ask for a raise and get it.
Extra Reading – The Best Jobs That Pay $5,000 Dollars A Month.
7. Rent Out Assets For Cash
You also have lots of options here which is what makes this income stream so awesome.
For example, here are some ways to make money renting things out:
- Renting out your home on Airbnb
- Renting out spare storage space with Neighbor
- Renting out your car with Turo
- Renting out camera equipment or other electronics on Fat Llama
It’s pretty unlikely you can make $5,000 dollars fast just by renting stuff out unless you have a very successful Airbnb business.
However, if you rent stuff out while grinding out your day job or other hustles, this gets you one step closer towards your goal.
8. Work Overtime
If you work shift work or at a job that pays hourly, you might be able to pull overtime to make $5,000 dollars fast.
Of course, not every job offers extra overtime pay. But if your job does, it’s a massive chance to make a lot more money than normal.
My friend works at a brewery and he can easily make time and a half or even double if he works weekends or a lot of extra hours during the week.
Again, this isn’t always the most sustainable behavior. However, if you’re in a pinch, you can consider asking your boss about taking on extra hours.
9. Flip Stuff For Money
Flipping money is one of the most classic side hustles out there, and the idea is pretty simple on the surface.
The idea is to buy popular products and to then resell them in person or online.
This is the basic formula for making money with retail arbitrage. Popular items people often flip include:
- Video games
Like regular selling, you can always use apps like eBay or Mercari to sell to people online. Facebook is also ideal if you’re selling stuff in person.
Many retail arbitrage sellers also sell through Amazon FBA, so this is one more option you can consider.
Amazon FBA involves shipping products to Amazon warehouses. When you make a sale, Amazon ships them for you so you don’t have to worry about logistics..
Amazon FBA is very competitive, but sellers get access to Prime shipping and can also spend more time focusing on their business since Amazon handles order fulfillment.
In any case, flipping stuff for extra money can be very lucrative. Our only tip is to start with a small budget and to reinvest into the business as you find what sells quickly.
Extra Reading – How To Flip $500 Dollars.
10. Make Money With Real Estate
Traditionally, real estate investing has let people generate serious amounts of wealth. And, this fact still holds true today.
The most obvious example of this involves making money with a rental unit or even renting out part of your home to help cover a mortgage.
This type of house-hacking is very popular, and if you live in a Duplex or home with a basement you can rent out, this is an opportunity to generate extra cash every month for having tenants.
Granted, this requires having extra space in your house or the capital to buy a rental property, which is easier said than done.
But again, a single basement apartment can help you reach your goal of making $5,000 quickly, so don’t be afraid to explore rental options.
If you can’t rent out a portion of your home, you can also look into other forms of real estate investing.
For example, companies like Fundrise let you invest in real estate starting with just $10.
Fundrise is a real estate crowdfunding company that purchases real estate like multi-family homes and commercial real estate.
As a Fundrise investor, you get paid monthly dividends and can also earn from your shares appreciating.
Historically, Fundrise returns around 8% annually. You pay 1% annually in a variety of fees, and overall, it’s a simple way to diversify your income with real estate.
Of course, making $5,000 fast through pure real estate investing is challenging since it requires a lot of capital to generate this amount in dividends.
However, you can use companies like Fundrise to diversify your income with real estate income, and it only takes $10 to get started.
11. Pawn Stuff For Cash
Another classic way to make 5 grand fast is to pawn stuff for money.
Pawn shops are a bit notorious for lowballing people, but it’s also another simple way to get access to fast cash.
When you pawn something, you’re leaving an item of value with a pawn shop as collateral for a loan. If you pay back the loan on time, you get the item you pawned back. If you don’t pay back your loan, you lose the item you’re pawning.
Examples of popular things people pawn include:
- Gold and silver
The downside to pawning stuff for money is that you get way less cash than the value of the item you’re pawning to protect the pawn shop.
So, if you need $5,000 fast, you need to pawn something pretty expensive, so just keep this in mind.
12. Flip Websites For Money
While this isn’t the fastest way to make money, if you’re an experienced blogger, I think flipping websites for cash is an incredibly cool side hustle idea.
The great thing about websites is that they often sell for 30 to 40x monthly profit assuming the traffic quality is good and the site isn’t doing anything weird to game the system.
So, if you want $5,000 dollars fast, you could theoretically sell a website that’s making around $150 to $200 per month.
A lot of people are actually in this business and sell “starter sites” to other people who then take the site and work on growing traffic.
So, how long would it take to grow and flip a website for $5k?
Well, this depends on how much effort you put in and your skills.
However, I think it’s feasible to grow a new blog to $200 in monthly revenue within 3 months or so if you seriously grind and know what you’re doing.
I mean, it took This Online World ages to make $100 a month in blog income, but with new blogs I’m starting, the traffic grows way faster since I’m better at SEO now.
Ultimately, this is a very niche way to get $5,000 dollars fast. But if you love writing and blogging, it could be for you!
13. Try Other Driving Gigs That Pay
Food delivery jobs like Instacart and DoorDash are effective ways to make more money in your spare time.
However, there are so many other peer to peer delivery jobs that pay.
Some popular options you can checkout include:
- Amazon Flex: Earn $18 to $23 per hour by delivering packages for Amazon.
- Roadie: Make money by delivering packages to people and businesses in your city or even out of state.
- GoShare: Deliver packages for people and get paid for larger deliveries if you have a truck or cargo van.
- Lugg: Help people move and earn $20+ per hour with Lugg!
The downside to these types of delivery gigs is that there’s usually less order volume than food delivery apps, so you can’t work as much as you want.
However, you often earn more per hour, and gigs like Roadie can pay up to $650 for long-haul deliveries!
14. Online Coaching
The downside to this money-making idea is that you need to have some sort of existing audience.
This means having a social media following, YouTube channel, or blog that gets monthly traffic.
However, between one-on-one coaching or group coaching, you can easily charge $100 to $200+ per hour or even more depending on your level of expertise.
For example, I’ve made money with Facebook Ads consulting, SEO consulting, and blogging coaching on random occasions over the last few years.
I actually founf some of these jobs on Upwork as well as by word of mouth and through my personal network.
It’s a revenue stream I want to grow in the near future, but the amount of money you can make is insane.
This also opens the door for selling things like eBooks and courses, so there are a lot of directions you can go here.
Extra Reading – The 20+ Best Jobs That Make $5,000 A Month.
Tips For Making $5,000 Dollars Fast
Now that you know some realistic ideas to make $5k quickly, here are a few tips that can make the process much easier to follow through with.
- Set Goals And Track Progress: Setting this sort of income goal is challenging, so you need to track your progress to hold yourself accountable while staying motivated. If possible, break this goal into micro goals like making $1,000 a week, or even making a few extra hundred dollars per month.
- Try Several Gigs: Trying multiple gigs at once is the best way to find what pays the most in your area. It also helps you find side hustles you actually enjoy.
- Watch Out For Burnout: Figuring out how to make 5,000 dollars fast isn’t easy. So, be careful of burning out. Sleep is important, and you need to make sure you’re not grinding too hard.
Extra Reading – The Best Ways To Make $1,000 In 24 Hours.
I hope our guide on ways to make $5,000 dollars fast lets you reach your income goal as quickly as possible.
This is honestly just scratching the tip of the iceberg, and there are plenty of other ways to boost your income.
If you’re still looking for ideas, I definitely suggest watching our YouTube video on some of the best side hustle ideas for more inspiration.
You can also read our post on how to make $5,000 a month for some more consistent side hustle ideas to keep your options open.
Best of luck, and thanks for reading!
Want to try other side hustles? Checkout:
- How To Turn $10,000 Into $100,000.
- The Best Ways To Make $400 A Day.
- The Best Ways To Invest And Make Money Daily.
DoorDash disclaimer: Actual earnings may differ and depend on factors like number of deliveries completed, time of day, location, and expenses. Hourly pay is calculated using average Dasher payouts while on a delivery (from the time you accept an order until the time you drop it off) over a 90 day period and includes compensation from peak pay, tips, and other incentives.
Tom is a full-time blogger and freelance writer with a passion for side hustling, passive income, and the gig economy. His work has appeared on dozens of personal finance websites like Money Crashers, The College Investor, Investor Junkie, and more. This Online World is all about providing people with honest ways to make and save more money by using technology. To learn more about Tom, read his About Page!
If you’re interested in freelance writing services or want to partner with This Online World, please use our contact page to get in touch!