15 Ways To Make $10,000 Fast

Summary

In this episode of the Rachel Cruze Show, the host explores ways to save $10,000 in a year or less, breaking it down to saving just $30 per day. She suggests creative methods like renting out spare rooms, closets, garages, or driveways, utilizing platforms like Airbnb and Neighbor. Other tips include renting out cars on Turo, driving for Uber or Doordash, flipping furniture, and online tutoring. The video also features community tips on earning and saving money, emphasizing the importance of budgeting and intentional spending to achieve financial goals quickly.

Takeaways

• 💰 Save $10,000 in a year by saving just $27.40 per day.
• 🏠 Rent out a spare room on Airbnb to earn $10,075 in a year with 155 bookings at $65 per night.
• 🚗 Use platforms like Turo to rent out your car and potentially earn up to $1,000 a month.
• 🚗 Drive for Uber or DoorDash to earn an average of $15-$22 per hour or $25 per hour, respectively.
• 🛋️ Flip and sell furniture by buying pieces at thrift stores or yard sales, fixing them up, and reselling for a profit.
• 📚 Offer online tutoring services, with potential earnings of up to $60 per hour.
• 🏡 Rent out various spaces in your home, like closets, garages, or driveways, through platforms like Neighbor.
• 🌳 Explore renting out your backyard for events or camping through apps like Nooksy.
• 💼 Consider part-time or gig economy jobs to supplement your income and save money quickly.
• 💡 Implement a strict budget and be intentional with your spending to save money effectively.

Q & A

How much money does Rachel suggest saving per day to reach $10,000 in a year?

Rachel suggests saving $27.40 per day, which can be rounded up to $30 to make the goal of saving $10,000 in less than a year more achievable.

What is one way to potentially earn $10,000 by renting out a spare room?

By renting out a spare room on Airbnb for $65 a night and booking it for 155 nights, one could potentially earn $10,075 in a year, considering Airbnb fees and taxes.

How much money can be made by renting out various spaces in your house through Neighbor?

Through Neighbor, one can potentially make up to $400 a month renting out closet space, up to $600 a month renting out an empty garage, and up to $150 a month renting out an empty driveway.

What is Nooksy and how can it be used to earn money?

Nooksy is an app that allows users to rent out their backyards for events like parties or camping, with the potential to earn up to a thousand dollars per month.

How much money can be made by renting out a car through Turo?

The amount varies based on the region and type of car, but people can make up to a thousand dollars a month or more by renting out their car on Turo.

What is the average hourly earning for an Uber driver and a DoorDash delivery person?

The average Uber driver earns about $15 to $22 an hour, while the average DoorDash delivery person earns $25 an hour.

How much can one potentially earn by doing Instacart deliveries?

One can potentially make anywhere from $120 to $160 per day by doing Instacart deliveries, which could lead to earning $10,000 in a little over two months.

What is one way to make money by flipping and selling furniture?

One can buy furniture at thrift stores or yard sales, redo or fix it up, and then resell it for a profit. For example, selling five pieces of furniture with a $200 profit each could lead to $10,000 in 10 months.

How much can one potentially earn by tutoring online?

Online tutoring can earn up to $60 an hour, depending on the site and subjects taught. If tutoring two hours a day, five days a week at a rate of $30 per hour, one could make $10,000 in about eight and a half months.

What are some real-world examples of ways people have earned money quickly as mentioned in the script?

People have earned money quickly by walking dogs, house sitting, babysitting, cleaning, selling items on OfferUp, meal planning, and helping with organizing homes, among other creative ideas.

What is the role of budgeting in saving money according to Rachel?

Budgeting plays a crucial role in saving money by being intentional and knowing exactly where your money is going, which helps in achieving financial goals more effectively.