As a teenager, you have a lot of time to work on yourself hard enough to make money and become a billionaire in the future.
There’s just so much time and you can do a lot in 1 year. While this isn’t a pep talk blog post for teenagers, I’m simply going to share some of the most realistic ways on how to make $500 fast as a teenager. And without further ado, here they are.
How to Make $500 Dollars Fast as a Teenager: 9 Real Methods
Ask for it
In the real world, you get what you want most of the time when you ask for it. But if you don’t ask, you’re not going to get a dime or anything. So, if you want to make $500 fast as a teenager, you have the option to ask.
The worst that’s going to happen is you’ll get a “no” for an answer. Plus, if you have a really good reason as to why you need the money, you’re definitely going to get it. I’m not asking you to ask $500 bucks from complete strangers.
Far from that.
You can ask from your friends, your immediate family or close relatives (other than your immediate family members).
There’s no guarantee that you’re going to get what you’re asking for. But ask. You can also ask several of your friends or family for bits of cash that’ll amount to $500+ bucks.
Online betting is also one of the ways to make $500 fast as a teenager. It’s possible to make up to or more than $500 bucks through betting online.
It’s not a guaranteed method to make tons of cash, but if you’re good at predicting games, even as a teenager, then there’s a good chance that you’ll make money.
I must warn you however that you’re going to lose more than you win. But your wins will neutralize any losses you’ve made in the past and put you in the profit zone. This can only happen if you’re good at predicting or betting online.
You start by picking a sport like boxing or soccer, then learning about the players or clubs in that sport. With the knowledge of the players or clubs in the sports, you’ll be able to make a more informed betting decision.
Stock trading isn’t for adults alone. As a teenager, you can make $500 fast by trading the stock market.
In your teens, you can learn so much about the stock market — from understanding the meaning of candlestick patterns to eventually trading profitably. You’ve still got a lot of time under your belt, and there’s really no limit to the amount of money you can make off the stock market. The challenge is usually to get enough funds to trade with. And that’s where prop firms come into the picture.
The most important aspect of trading the financial markets is having a tested and trusted strategy that works most of the time. Not 100% of the time. The point is, making $500 fast as a teenager can happen if you can get your hands on the stock market.
Trading Futures on Crypto
Trading crypto is one way to get rich quickly. However, it’s not a get rich quick scheme. Cryptocurrency trading can make you a lot of money, but there are risks. You could lose more money than you make.
If you want to learn how to make $500 fast as a teenager, then you definitely have to invest into learning how the crypto market works. It’s not the most complicated thing in the world, but you can make tons of money trading.
First, educate yourself. The knowledge you acquire about crypto sticks with you for life. Doesn’t go anywhere. Plus, you’ll only get better at trading when you trade more. Thirdly, crypto trading can change your life for the better.
Although there are and there will be losses, if you want to make money and you want to make it fast, then crypto is something you should learn. In general, trade and understand the financial markets.
Sell Your Used Clothes
If you’ve got a lot of used clothes, you can sell them to make some money. The reality of this is that you can sell these clothes at a price lower than what you bought them initially.
So, while you’ll be selling at a loss, it’s only so that you’ll be able to make money regardless of the profit or loss margin. On the other hand, you can make a profit if you’re able to sell them at a higher price. But it’s highly unlikely especially if you’re selling some good clothes that are expensive on the web.
You’ll definitely be downselling. You can take this as a business if you’re able to buy clothes from an offline venue and resell them online for profit.
If you’re able to get a profit from the sales of the clothes, then it’s become a business that can generate thousands and thousands of dollars in the long run. The key is to identify clothes or products that you can buy and resell for profit repeatedly.
Right now, there are apps that’ll pay you per hour if you’re willing and you’re able to run errands. All of these apps are filled with real users who want to get things done but can’t do the task themselves.
So, if you’re able to run errands, you’ll be able to make up to $500 in a couple of days. It’s not the fastest way to make $500 fast as a teenager, but you can really make some money.
If you’re persistent and you’re able to do more tasks, then it’s going to take just a few days or just a week to reach the $500 benchmark. Some of these apps include Taskrabbit, Wonolo, Thumbtack, and Agent Anything.
Lawn mowing will not make you tons of money. But trust me, it’s one of the ways on how to make $500 fast as a teenager. You can mow lawns to make money. And you can make money fast by doing this.
With the skill required, you can get on with this today by searching for lawn mowing gigs on websites like Indeed, Simplyhired, Mowmagic, and Gigsmart. On average, lawn mowers can earn up to $35 per hour. This is on the average scale. And you can earn more than this if you’re great at mowing lawns.
Furthermore, the amount you earn per hour as a lawnmower varies from State to State. With an average of $35 bucks. You just need to work 15 hours to get $500+ bucks.
If you’re a teenager, then you know how to read and how to write. Writing is one of the best gifts we ever received as humans. And while you communicate messages, you also have the option now to monetize the art of writing or to make a living off of it.
If you’re good at writing, then you can make $500 bucks taking writing gigs online. There are tons of people looking for writers, and they’re willing to pay you depending on the project they’ve got in hand. Again, depending on your ability to write well, you’ll be able to make anywhere from $50 bucks to $500 bucks per 1,000 words you write.
You charge per word. And if you’re a great wordsmith, you can charge from $0.08 to $0.5 per word. With $0.08, you earn $80 dollars for every 1,000 words of text you write. But then, it’s a different ballgame with a per word charge of $0.5.
That’s about $500 bucks. So, freelance writing can make you a lot of money as a teenager. And you can start by finding gigs you can do on websites like Upwork, Flexjobs, and Fiverr.
Similar to crypto and stocks, the binary options market is one of the most risky financial markets to trade on the internet. But then, you can make money from it. It’s not impossible to earn from trading the options market. And as a teenager, you can start by learning about it.
Get a working strategy and milk the markets. Trading binary options is the best way to make money. But it’s possible to make $500 fast by trading it. Plus, you’ll need to have some cash to trade with. Trading isn’t free regardless of the financial market you’re messing around with.
How to Make $500 Dollars Fast as a Teenager: 9 Real Methods – Summary
As a teen, some of the ways to make $500 dollars fast include trading binary options, freelancing your skills (or working as a freelancer online), asking for $500 dollars from the people you know (relatives and friends), betting online, mowing lawns, running errands, selling your used clothes, trading the crypto market on futures mode, and stock trading.
If you want to make $500 dollars fast as a teenager, you’ve got to be willing to take the risk and face the challenges.
Most importantly, be willing to take the shots.