Question: Dear Marc, can you recommend some ways to generate money quickly? Thanks!
G.L. Burlington VT
I assume you mean legal ways to generate cash.
Kidding aside… I like to isolate quick cash generators into three general areas; beginner (no risk), intermediate (moderate risk), and expert (high risk).
There are hundreds of ways of generating cash at the beginner level. These include immediate services such a snow shoveling, baby or elder sitting, debris cleanup (especially after storms or disasters), window washing, pool cleaning, air conditioner recharging or cleaning, and elder services (like transportation, errands, house cleaning, dog walking, and painting, etc.). There is typically no risk or capital required.
The intermediate level for generating cash often requires some technical expertise or knowledge. This would include fixing PCs (viruses, malware and the blue screen of death repair), getting someone online (the Internet, email, social media, and Facebook, etc.), writing sales letters or resumes, and advertising on Google.
This level would also include some trade services such as plumbing, electrical, handyman skills, auto repair, and medical billing reviews, etc. There is moderate risk and small amounts of capital may be required.
And lastly, there is the expert level for generating cash quickly. This would include (but not limited to) trading stocks, commodities, precious metals, and Forex (currency trading).
For example, most investors do not realize you can sell or “write” commodity options in dozens of worldwide markets. The premiums (money received for the option) are placed into your account immediately….there’s no waiting.
But with this privilege comes leverage, risk and moderate amounts of cash may be required for margin in your trading account.
There you have it… three areas for generating cash quickly.
Marc Charles is often referred to as “The King of Business Opportunities”. He has launched more than 40 successful businesses over past 29 years (and advised on many more). He has written extensively on legitimate money making opportunities and businesses. Marc is a regular contributor and expert panelist for The Liberty Street Investor.