If you need to learn how to make money fast, the last thing you want is to do meaningless tasks for low pay, learn a new skill that could take months or spend money out of pocket to make your first dollar.
Here’s what I’ll teach you:
- How to earn more money after one conversation with your boss
- How to lower every single one of your bills
- How to start making money with a side hustle THIS WEEK
Then we’ll get into the best part:
How to optimize your career and job – the easiest way to make the most money FOREVER.
NOTE: If you’re serious about making more money, I’ve got something just for you – my FREE Ultimate Guide to Making Money.
I also made a video where I cover everything I talk about in the blog post. Check it out below:
How fast do you need to make money?
Non-scammy ways you can make more money fast to get your head above water immediately including negotiating your bills, rent and even getting rid of old stuff on eBay.
You don’t even have to leave your house to get started.
Mid-term systems to dramatically increase the money you make each and every month. My students have dramatically changed their financial outlook by upping their work salaries, finding a new, higher-paying job or using skills they already have to freelance.
Long-term systems that build the foundation for your financial independence and propel you toward having a Rich Life. This strategy is simple, and if you follow the first two sections, you’ll have the understanding and capital to start your own business.
How to Make $100 – $500+ Today (without leaving your couch)
1. Negotiate your bills
The awesome thing about negotiations is you can do it with practically every service you pay for. That includes the fixed costs you pay each month.
With a quick phone call, you can get these costs lowered, putting more money directly into your pocket.
Because the dirty secret is that most of these companies rely on thousands of people to zombie walk through their payment process. That’s why your cable company seems to jack up rates every year. They know you’ll likely just shrug, throw it away, and carry on with your day.
Save $1,000 with 5 phone calls
By calling these companies and asking one simple question, you open the door for more money in your pocket. Just remember two magic phrases:
- “Times are tough.”
- “Is there anything you can do for me?”
Example conversation script:
You: Hi, I was looking at my plan and it’s getting pretty expensive. Could you tell me what other plans you have that would save me money?
Them: Blah blah same plans as on the website blah blah
You: What about any plans not listed on the website?
Them: No, what we have is listed on the website. Plus, you’re on a contract and have an early cancellation fee of $XXX.
You: Well, I understand that, but I’d be saving $XXX even with that cancellation fee. Look, you know times are tough so I’m thinking of switching to [COMPETITOR COMPANY]. Unless there are any other plans you have…? No? Ok, can you switch me to your cancellation department, please?
The key is to be nice. Be cordial and ask them what better plans they have to offer you. Nothing’s going to get you shot down quicker than getting angry and screaming, “HOW DARE YOU SCREW ME OVER WITH THESE PRICES. I WON’T STAND FOR IT. GIVE ME fewer FEES … uh please?”
If you mess up or things don’t go as planned, don’t worry. Hang up and call back. You can always play around with a few phone calls and see what works best.
When you get to the customer retention department, restart the sequence. This is when you pull out your competitive intel on the other services being offered.
If Verizon is offering something for $10 less, tell them that. That’s $120 savings/year right there. But you can do more.
You: Listen, you know times are tough and I need to get a better deal to stick with you guys. You know and I know that your customer acquisition cost is hundreds of dollars. It just makes sense to keep me as a customer, so what can you do to offer me this plan for less money?
Notice that you didn’t say, “Can you give me a cheaper plan?” because yes/no questions always get a “no” answer when speaking to wireless customer service reps (or anybody whose job it is to get you off the phone and out of their hair as soon as possible)
Instead, ask leading questions. You also invoked the customer-acquisition cost, which is meaningful to retention reps. Finally, it really helps if you’re a valued customer who’s stuck around for a long time and actually deserves to be treated well.
If you want an even deeper guide on how to make money by saving, check out my Save $1000 in a Month Challenge.
2. Negotiate your rent
I’d bet that rent is your biggest expense. Save $100 on your rent and that adds up to $1,200 a year with ONE conversation. Or you could collect 24,000 cans and recycle them. Your choice!
Of course, you can’t just say, “I want to take $200 per month off my rent!” You have to be ready to offer something in return.
What does your landlord really want? Money, of course. But dig deeper and you’ll find there’s a lot more you can offer. The goal is to give them something you don’t care about in exchange for something you do.
Here are a few things many landlords will happily lower rents for:
- Prepay months in advance
- Sign an extended lease
- Offer to extend the termination notice from 30 days to 60 or 90 days
- Offer to give up your parking space if you don’t have a car (the landlord could charge another tenant for an extra space)
- Promise not to smoke in the apartment (this will save the landlord money when you move out)
- Promise not to keep cats even if they’re allowed (another cleaning expense for the landlord)
- Make a deal for referrals if they have low occupancy
If you know what you want and you know what they want, the chances of succeeding in your negotiation increase significantly. Here’s an example script you can use to lower your monthly rent:
I hope you’re enjoying the start of summer in the Bay. Since our 1 year lease is almost up, I’d like to chat about re-signing.
As you know, I love the apartment. I’ve gotten to know the neighbors and feel truly at home in the neighborhood. I hope to be able to stay here for a while yet.
I’ve been looking at rental prices around the area, and would like to talk with you about adjusting the rent to match what I’m seeing around town.
I’d also be more than happy to help out around the property — taking out the trash and recycling, clearing and cleaning the backyard, or any other duties that might need some attention. I love living here and hope that the relationship with you and the property is just beginning.
I can chat on the phone any time you’re free today or this weekend.
Talk to you soon,
3. Make money fast selling on eBay, Craigslist, Facebook Marketplace (or whatever site you want)
A few years ago, I was skeptical when it came to selling things on eBay, Facebook, Craigslist, or any other online marketplace. Can you really make money doing that? But then I tested selling a few things online… and I made over $1,000. We ALL have things laying around the house that we can sell. Maybe…
- There’s a pair of nice shoes in your closet that you never wear
- In your attic, you have some old baseball cards collecting dust
- You recently upgraded your laptop and don’t know what to do with your old one
I’ve written about how to successfully sell items on eBay in another post, but here are a few key things to keep in mind:
Make sure to research the product and the price
You don’t want to make the mistake of setting an arbitrary price based on emotions, or not knowing what the hot keywords are for describing your item.
Here’s how you research:
- Search for the product name with Google Product Search.
- Look at the top 5 e-commerce sites selling the product. This will give you the price, AND more importantly, lots of details about the item and the brand to put in the description to make it look super professional.
- If your item is unique (like being a hard-to-find color), keep that in mind for the description as well.
How to market your listing
You need to make sure your photos are great. Photos are going to be the very first thing people look at when they click on your product listing. So make sure they look as good as possible.
When taking photos of your product, make sure you keep these three things in mind:
The best sellers use really good pictures — not blurry and not like you’re selling from a house from the show Hoarders.
To do this, photograph your product on a flat neutral-colored surface and background (ideally white so your product will pop). Make sure it’s well lit so you can actually see the product.
The photos don’t have to be perfect, but should accurately reflect the quality of the item.
PRO TIP: You can build your own lightbox for cheap to really make your photos look professional.
The number of photos you can include varies depending on the service you use. Just make sure you include as many great photos as you can so you make people feel comfortable that they know exactly what they are purchasing.
Title and Description
Since you’ve already done the research, this will be the easy part. Take plenty of photos, then determine the title and description copy from the other sites I saw that were selling this product, making sure to highlight the major distinction (it’s color) along with the standard brand distinction.
Use brand identification (Apple MacBook), photos of the actual item being sold, and add an honest, thorough description like:
“This laptop has some damage, but it’s definitely repairable and it’s a steal if you know how.”
The brand name draws in lots of viewers, and the honest, thorough description targets the listing to just the right person who’ll end up loving the purchase.
A few other examples:
So ask yourself, “What is my buyer looking for? What are they struggling with? How does my product service those needs?”
For more on how to make more money, you can download my Ultimate Guide to Making Money for FREE.
How to Make $1,000 – $5,000 this month
1. Negotiate your salary
I LOVE salary negotiations!
With just a five-minute conversation you can make thousands more and, what’s better, the gains add up year after year.
This is a proven way to earn more money through a single conversation. It’s essentially quick money that — unlike taking surveys or selling your body to medical studies — gives you a LOT of money over many years.
Check this chart demonstrating the effects of ONE $5,000 raise:
Learning how to make more money via salary negotiations is simple — though it’s going to take a little bit of work on your part:
Step one: Find out! Use sites like PayScale.com, Salary.com, or Glassdoor.com and get the salary range for your job and location.
Step two: Give the heads up. Let your boss know you’re preparing to discuss salary with him or her. I cover how to do that in the 14-minute video below.
How to negotiate your salary
The Briefcase Technique
First, if you’re not good at your job, there’s no amount of negotiating that will help.
That’s why I love salary negotiations. Not only is it a good incentive for you to work harder and become a Top Performer, but you also stand to gain a lot of money from the hard work.
FACT: Doing a good job at work 10x’s your chances of making more money.
But if you’re going through your job just HOPING you’re doing a good job, you’ll be forgotten when it comes times for raises — and you won’t earn more.
Just like great companies get inside the heads of their customers, Top Performers figure out EXACTLY what their bosses want and optimize their strengths accordingly.
Tie everything you do to whatever goal is important to your boss and remind them often. This is how people become indispensable.
See my interview with Michael Williams for more:
Second, your company might tell you that they simply don’t have enough money to give you a raise. Get around that stonewall using the systems I outline in the video below.
Ask Ramit: How can I negotiate salary when they tell me they can’t pay more?
Negotiating your salary takes a bit of upfront work, but just ONE conversation can be worth thousands. It’s one of the easiest ways to make money.
The best way to make money fast is not to reinvent the wheel and to leverage the sources of income you already have. So the next time someone tells you to get more money by cutting back on lattes or by picking up loose change, grab them by the shoulders, and shake them for me.
Be sure to remind them that you’d have to skip out on 1,370 lattes in order to save $5,000 (or they can just get a one-time raise).
Read even more: Salary Negotiation: How to negotiate better than 99% of people
2. Change your job
Should you change jobs? Change industries? How do you know whether to stay put or to take a risky move that will result in more money? By using the Bezos Regret Minimization Framework.
Ask yourself: Which will you regret more 20 years from now: Staying in your current situation or trying something new and failing?
And remember: the more responsibility you have, the more money you can command.
More on that here:
Deciding when to take risks in life.
3. Find your first freelance client
I’ve said it before and I’ll say it again: There is a limit to how much you can save, but there is no limit to how much you can earn.
Finding a new job or changing careers takes time (we’ll get to that). But in the next few days, you can set up your first side hustle and make money fast.
The best part: Freelancing is a skill. That means you can get BETTER at it with time.
And once you get your first paying client, it’ll be easier to get more clients and make more money.
First thing: So many other websites will tell you to troll for freelance gigs on places like Fiverr or Mechanical Turk. These places work if you want to compete with people all over the world in a race to do the most work for less. No thanks.
Look at what you’ve already got. 95% of jobs can translate into some sort of side gig. Ask yourself:
- What do I enjoy?
- What do I do with my free time?
- What do people ask me to do because I’m so good at it?
People are very bad at identifying their own skills. They’ll say things like, “I dunno … I guess I’m good at writing and communication, and, like, general organizational skills…” AMAZING!! HERE’S A $4,000/MONTH RETAINER!!! (Sorry, won’t happen.)
Repeat this over and over: People pay for solutions, not your skills.
For example, I was on a webcast where I was suggesting ways for people to earn money on the side, and I mentioned that I hate cooking, am not good at it, and would love it if someone cooked for me.
I got an email later that night from someone who said, “Ramit, I can help. I can teach you everything you need to know over one weekend, and you’ll know 3-5 great dishes to cook.” I appreciated the offer, but wrote back, “Thanks for the offer! But you don’t understand. I don’t want to learn — I want someone to do it for me.”
Again: People have problems. And they want solutions.
They don’t care what you’re “interested” in. Are they too busy to organize their closets? Do they need someone to help them redesign their website? Maybe they want someone to teach their kid how to play the flute.
Start off by assessing the skills you use every day at home or at work.
Typically, you can break these down into two areas:
- Skills. These are things you have the expertise and knowledge in (e.g., languages, coding, copywriting).
- Passions. These are things you love to do in your free time (e.g., playing musical instruments, volunteering to take care of animals, genealogy work).
Take some time right now to write down 10 – 20 ideas of different skills and talents you have.
After you’re done, let’s take a look at an example of this in action. Maybe your list looks like:
- Do a little PHP coding
- Organize systems
- Automate complex processes
- Project manage
- Create technical documents that can be understood by lay audiences
- Lead a team
Now ask yourself: Which of these skills can solve a specific problem? Brainstorm those out. Don’t censor yourself — put everything down.
- I could do some PHP coding, but I’m not the best.
- I could help businesses automate and streamline their income-generating processes. Vague, but okay.
- I could manage projects and lead teams towards deadlines/organizing. This is super vague, any 22-year-old college grad would say he could do the same, and it doesn’t take advantage of my specific skills. Skip this.
- I could be a technical writer and help companies demystify their technical-support documents. I could even rewrite the technical portions of their websites to make them more comprehensible to normal people, especially companies in the consumer energy field. Very promising, especially since I follow a few of these companies online.
Each of these individually is a potentially viable freelance trade – can you pick one and do it? The answer should be YES/NO to each. Put “YES” if even remotely feasible.
- PHP coding: YES
- Automate systems: NO (too vague for me to know where to start)
- Project manage: NO (too vague)
- Technical writer: YES
Excellent. Now you have a list of skills that might potentially be profitable.
Optional: Combine skills together to make a more compelling, more niche offer.
You can often charge more and help clients more by packaging offers. In this case, it’s not very relevant, since technical writing and PHP coding are pretty different. But one of the people who helps on IWT pitched me to do video editing + marketing. Perfect fit. I hired him.
Next step: How can you prove to people that you’re knowledgeable enough for them to pay you?
The first thing I do when evaluating someone is look at their portfolio and past clients. At least half of potential hires don’t have this section. Easy solution! I move on to someone who does.
- For our systems engineer, can he point to a PHP project he did on the side?
- What about a sample of technical writing where he turned something very complicated into something totally palatable?
Last step: Start finding clients. With your offering in place, it’s time to find potential clients. Sure you could randomly print business cards or set up a blog. But before doing ANY of that you need to make sure you have something people want.
– Identify your clients. Who are they? What are their hopes and dreams? How old are they? What do they do? Are they married? How big is their company? (More on getting your first 3 clients here.)
– Reach out directly. Lots of people set up a Twitter account and wait for the world to come to them. DON’T DO THAT. Once you’ve identified your potential client, email them directly. Example email:
My name is Ramit Sethi and I’m a recent Stanford grad. I’ve been reading your blog for two years (I loved the post about using virtual assistants and got BOTH of my brothers to start using one), and it’s really helped me be more efficient with my work.
It occurred to me that you’re probably interested in growing your blog. I might be able to help. I’ve done video editing (http://www.fakesamplesite.com) and PowerPoint design (http://www.anotherfakesite.com). Imagine doing a great video on using virtual assistants, then distributing it through your newsletter. I could do one for you in about 2 days if you’re interested.
How about chatting later this week? My # is XXX-XXX-XXXX or I can give you a call at your convenience.
This email script has generated thousands of dollars for my students and can help you connect deeply with your potential clients and begin a relationship that can lead to your first paying client.
More resources that may help:
- My Ultimate Guide to Digital Marketing
- 3 counterintuitive secrets about earning more
- How to raise your hourly rate
How to make $10,000+ THIS YEAR
1. Start an online business
Identify worthwhile ideas, and turn them into online businesses. There’s no question that if you really want to make more money, starting an online business is one of the best ways to do it. It’s also a great way to find freedom and self-worth.
When I first started out, I had way too many interests. Psychology! Writing a book! Marketing! Spicy salsa! OMG how can I turn all of those into a business?? Should I create a website on the psychology of spicy-salsa eating and how it relates to improving your business marketing?? OMG IS THAT IT?? AM I A GENIUS??
How to start an online business.
No, you are horrible. But that’s NORMAL when you’re starting out. Do you realize that identifying profitable business ideas is a skill? It’s not something you just dream about, then one day it falls from the sky. You learn the frameworks and psychology of deciding which ideas will work…and which ideas are not worth your time.
(As an example, this still happens, even now: Just recently, I spent 4 months working on a business idea with my team, spending a huge amount of time and money, until we ultimately concluded it wasn’t worth it. We shelved it away and I wrote an email to the team, telling them, “We can’t figure out how to make this work. We’ll re-look at it in 2 years.”)
You don’t have to spend all that time and money — but you will learn how to identify which ideas are worth pursuing.
I want to show you some examples of business ideas that seemed crazy…but actually, work. Here are just 3 examples of successful online businesses
- Larry Law Law (https://larrylawlaw.com): Tutors law school students. Revenue through courses and tutoring.
- Find Your Inner Happy (https://findyourinnerhappy.com): Advice for highly emotional, sensitive people. Revenue through ebooks & coaching.
- True Wellth (https://www.truewellth.org): Vegan health tips and recipes. Revenue through guides and courses.
Those are examples of how you can take your interests and turn them into an online business. And there are literally tens of thousands of other examples.
The single best way to earn money — automatically
How to automate your finances.
With that in mind, I put together a special bonus for you.
In this 11-minute video, I’ll show you how you can create the perfect system to automatically take care of your money every month.
This is the single best way to earn money, save money, and invest money into your Rich Life.
No more panicking if you have enough in your checking account to pay the bills — it’s my gift to you. This system took me 10 years to perfect and it’s being used by thousands of my students successfully.