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So you’re a bind and you need to figure out how to make $5000 fast. Maybe your car broke down, maybe renters trashed your house or you’ve got some legal or tax issues. It doesn’t matter why, you’ve got to get your hands on some money, and quick!
The first thing to do is take a deep breath. 5k is a lot of cash and you’re going to have to work your butt off to earn that much quickly.
The good news? It is possible. It’s just not easy. Look at this as an opportunity to learn a new skill and hustle harder than you ever have.
I’ve wracked my brain and scoured the internet for the best and most realistic ways to make $5000 fast and compiled them for you below.
You ready to make some money? Keep reading.
How to make $5000 fast
Sell a high-value item for somebody
If you’ve got some sales skills, this is a great time to use them. Many people don’t want to deal with the hassle of selling something big like a car, truck, RV or a boat. If you know a little bit about using Facebook Marketplace and Craigslist, why not offer your services to facilitate the sale?
You can offer to sell the item for a commission. 10-15% is not uncommon. For a larger sale, that could get you close or over your $5000 threshold in a week or two.
Become a referral source for a business or realtor
Companies are willing to pay you to bring them business, especially in a slow market. I personally know a couple of realtors who will give you a $500 finders fee for sending a new client their way. Do that 10x, and you’ve got your $5000 bucks.
Also, think of smaller, local businesses that sell big ticket items who might be willing to negotiate a commission for you. Roofing, painting and landscaping companies are some good places to start and they’re all things that you can see from the street.
You could get started by just knocking doors and working your sales skill. This is how many painting companies generate business.
Sell your car
This is one of the fastest ways to make $5000. If you have a car that’s worth more than 5k, just sell it to deal with your financial crisis. Yah, you’ll be left without a car, but you can come back to that problem once you’re in better financial shape. Check out this article to learn how to get the most money possible for your used car.
Pull some cash out of your mortgage
If you have a mortgage renewal coming up, you can contact your broker and see if you have enough equity in your home to pull some of it out in cash to deal with your emergency. This is a really fast way to generate some money but should be used with excessive caution.
You’ve worked hard to build equity in your home so just be sure that whatever you’re using it for is not only worth it to you, but won’t put you in a position where you have a hard time meeting your monthly mortgage payments.
Presell a course
What skill do you have that people would be willing to pay to learn? If you have an audience of some sort, you could presell a course to them and try to generate $5000 in profit. This may or may not work depending on your situation but it’s certainly worth a try, especially for bloggers, YouTubers, podcasters and others with an existing audience.
Take a second job
There’s no shame in delivering pizza, collecting tickets, working as a cashier or doing whatever else is necessary to meet your financial needs. A second job probably won’t put you on the road to long-term financial success, but it can generate the extra cash you need in order to make $5000 fast.
Let’s look at a quick example. Let’s say you’re delivering pizza for $12/hr plus tips. You could work an extra four nights per week and earn 5k within a few months. It’s not the fastest method but it’s fairly easy!
Ask for an advance on a bonus from work
Depending on your industry and employer, it might be an option to get an advance on a performance or Christmas bonus. You could improve your chances by asking for a lower amount in exchange for an advance on the bonus.
If you typically receive a seasonal or performance bonus, this could be a great way to make $5000 fast.
Related post: How To Ask For A Raise At Work (And Actually Get It!)
Rent your home for a couple of months
Do you live in an area where the rental market is strong? If you have an RV, willing in-laws or another option for temporary housing, you could rent out your home temporarily. You can find short-term renters on Airbnb or VRBO.
If this is a real emergency, you may want to consider pulling all of your cash together. This might include savings accounts, emergency fund, short-term investments, calling back debts and anything else that you can think of.
You can also sell some high-value items from around your house to come up with whatever you can’t cover with cash. Some high-value items that you might want to consider listing on Craigslist:
- Cell phones
- Seasonal gear such as ski/snowboard equipment or motorcycle gear
- High-value toys such as snowmobiles, motorcycles, ATVs or boats
Wrap your car
If you don’t need the money right away, consider putting an advertisement on your car. There are a few companies out there that connect commuters with companies that will pay to have their brand advertised on your vehicle. This can be a great way to make money while not changing your routine at all.
According to Wrapify’s website, you can expect to earn between $264-$452 for a full wrap. Not bad money for driving your own vehicle.
The amount you earn will depend on how long your commute is, where you commute and whether you choose to have a lite, partial or full wrap done on your vehicle.
Another way to make money with a vehicle wrap is to contact a business that advertises this way directly. I can think of a few companies in my area that advertise this way. You could contact them directly and ask them if they’re interested in advertising on your vehicle. This could result in a better deal for both of you as you’re cutting out the middle-man.
As you can see, there are a lot of options for anybody who needs to make $5000 fast. Choose what works best for you and just go for it.
Of course, you will have better results if you tackle several of these methods simultaneously. By using 2-3 of these methods, you could realistically make five grand in a matter of a couple of weeks.
If you’re looking for more ideas to help you make money fast, here are a few other articles that you should check out:
- How To Make $500 Fast
- How I Made $10,000 Selling Appliances On Craigslist
- The 10 Best Items To Flip For Fast Cash
- How To Ask For A Raise At Work (And Actually Get It!)
Question for you:
Do you know of a great way to come up with $5000 quickly? How would you do it? Let us know in the comments below!
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