How To Make A Lot Of Money Fast During The Pandemic
This pandemic has affected the incomes of millions of Americans. However, at the same time, it has also presented new opportunities to make money – and do so quickly. Whether you start a side gig or use title loans for emergencies, there are great ways to make some extra cash. So, instead of just waiting for the next stimulus check, here are some ways to make a lot of money fast.
Invest In The Stock Market
Unless you have been living under a rock, you have most likely heard about the meteoric rise of the US stock markets. However, one thing that has changed is that it is not only the rich that have made money. The democratization of the stock market through apps likes Robinhood has allowed average Joes to invest and make a lot of money.
Just Google search ‘Tesla’ or ‘GameStop’ – if you haven’t already. The crazy returns are enough to get anyone interested. However, one thing to remember is that investing in the stock market is inherently risky. So invest as much as you comfortably can. A lot of Americans have actually been investing their stimulus checks.
Before investing make sure you read enough material online and at least get a basic understanding of how the stock market works. A lot of micro-investing apps such as Robinhood, Stash Invest, and Acorns will also pay you or give you free stocks just for signing up.
One of the wonders of the 21st century is that businesses are willing to pay us for our opinions. Now you can actually make around $40 to $50 per hour by filling out online surveys on sites like Survey Junkies, Swagbucks, iSurvey, and so on. These sites get new surveys daily and pay around $1 to $5 per survey, with most surveys taking less than 5 minutes to complete.
If you have been working from home and have extra time on your hands then you can start freelancing to make more money. Skills such as writing, graphic designing, financial modeling, editing, and managing social media are in high demand nowadays. You can register on sites such as Upwork and Fiverr and bid for projects that fit your profile.
You will have to start small but if you are consistent and getting good reviews then you can actually start making serious money very soon. One advantage of freelancing is that you can work on your own schedule.
Rent Out Your Car
If you are not willing to drive people on Uber and Lyft during the pandemic then you can simply rent out your car. This is a really practical solution for people who are working from home and do not have to drive to work anymore. You can actually find a lot of car rental agencies online, the most popular being Turo.
Turo isn’t like a convention car rental service but rather markets itself as a peer-to-peer car-sharing service; think Airbnb, but for cars.
Participate In Drug Testing
If you do not mind a little risk and want to help in the process of developing lifesaving drugs then you can participate in drug testing. A lot of COVID19 vaccine makers actually paid volunteers around $2,000 for a 2-year study and a few needle jabs in the arm.
Related content: Top 10 Great-Paying Non-Degree Jobs
Get A Title Loan
If you are in urgent need of cash and simply do not have the time to follow the tips we have stated above then you can get a title loan. Title loans are essentially short term loans that you can get with your car’s title held as collateral. They can be used to get quick cash in emergencies such as medical bills, home or auto repairs, and unexpected travel.
Plus, they come with a lot of other advantages.
Auto Title Loans Ensure Fast Payment
The main advantage of title loans is that they are easy to acquire and ensure fast payment. With Mississippi Title Loans, the whole process takes just 30 minutes and you can get $300 to $2,500. All you have to do to begin is fill out an online application on our website or call one of our stores.
Once your loan has been approved, the cash will be given to you on the same day or transferred to your account on the next bank business day.
Any Credit Is Accepted
Another advantage of Mississippi Title Loans is that you do not require a strong credit history to qualify. No credit history at all is accepted as well. Even if you’ve ever filed for bankruptcy, you can still apply for the loan.
You Keep Driving Your Car
If you get a title loan, don’t worry about giving up your vehicle. You will be free to use your car as long as you keep up with your repayment schedule. However, you will have to ensure that the car is in your name and lien-free, meaning there is no outstanding claim against it.
It Is Easy To Acquire Title Loans
To acquire a title loan, you can either visit a store in an old-fashioned way or you can go online. This is the step-by-step process for acquiring car title loans:
- Visit our website and fill out the online form found at the top of our homepage;
- Once you are finished, you will get a call from a representative who will walk you through the rest of the steps. You can also give them a location and have the rep come to you instead of you coming to them at a Mississippi Title Loans near you;
- Whether you come to the store or the rep goes to a location of your choice, you will have to bring your car, the car’s title, and your driver’s license or state-issued ID;
- The representative will inspect your car and let you know the loan amount you are eligible for. They will then look over your title and other information to determine if you qualify for approval;
- Once your rep can approve you, you will either get the cash on the same day or have it deposited into your account the very next bank business day.
If you, like many of us, need some extra cash during this pandemic, you don’t have to wait for your stimulus check to come in. Check out one of these options to make a lot of money fast while trying to survive this pandemic.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.