Categories
Cryptocurrency

Crypto Friendly Bank

In this article we discuss the crypto friendly bank in today’s cryptocurrency market. In addition, we talk about cryptocurrency investment options, including recommendations on cryptocurrency projects you should be watching and explanations of some terminology in the cryptocurrency industry.

If you are thinking about investing in Bitcoin, there’s never been a better time. For example, Bitcoin has been increasing in value for more than 12 years and there are many other cryptocurrencies that may be worth looking at. In this article we will share what is a crypto friendly bank as well as discuss cryptocurrency and blockchain.

Primarily, we will discuss the cryptocurrency Bitcoin. With an approximately $680 Billion market capitalization, Bitcoin is the oldest and most trusted cryptocurrency investment. In fact, many other cryptocurrencies are like Bitcoin. Moreover, understanding Bitcoin is fundamental to understanding cryptocurrencies and cryptocurrency investment.

However, prior to getting started talking about cryptocurrency investment and the crypto friendly bank we should understand some cryptocurrency terminology. For example, we’ll look at the terms “Bitcoin”, “cryptocurrency”, “block chain.”

Bitcoin Critical Banks

The cryptocurrency Bitcoin is a relative newcomer to the financial investment space. Since Bitcoin has only been around since 2009, it has taken a lot of criticism and flak from traditional Wall Street investors. However, many investors who doubted Bitcoin in the past are beginning to come around to the idea of electronic currency and virtual store of value that Bitcoin offers. As a result, demand has surged for Bitcoin in recent years.

Traditionally, banks such as JP Morgan Chase have been hyper critical of cryptocurrency. Jaime Dimon, JP Morgan Chase’s front man, has led the criticism of Bitcoin in recent years. Other financiers, such as Warren Buffet spewed the same vitriol toward Bitcoin. Buffet famously called Bitcoin “rat poison.”

“Cryptocurrencies basically have no value and they don’t produce anything. They don’t reproduce, they can’t mail you a check, they can’t do anything, and what you hope is that somebody else comes along and pays you more money for them later on, but then that person’s got the problem. In terms of value: zero.” – Warren Buffet on CNBC, February 2020

Since Warren Buffet called cryptocurrency “rat poison,” Bitcoin price has sky rocketed!

Of course, when the “Oracle of Omaha” (Warren Buffet) made the disparaging remarks about crypto, Bitcoin was trading around $10,000. Apparently, his comments only emboldened contrarian investors because Bitcoin has continually risen in price since then, going as high as $60,000 in the Spring of 2021. Bitcoin is currently trading around $36,000. So, the question is, where can I find a crypto friendly bank?

Crypto Friendly Bank

Most of the bank heads and Wall Street big wigs have since backed off of their critical positions toward cryptocurrency. As a result, some US financial institutions are now becoming a crypto friendly bank. However, keep in mind that many banks are still unsure about Bitcoin and have not begun participating. In addition, some banks only offer Bitcoin investment to high-net-worth clients.

A crypto friendly bank offers options and future trading only. Some offer Bitcoin custody accounts. As a result, a crypto friendly bank is still limited in number. Here is our crypto friendly bank list:

  • UBS
  • HSBC
  • BNP Paribas
  • Deutsche Bank
  • Credit Suisse
  • Bank of America
  • Citigroup
  • Morgan Stanley
  • JP Morgan Chase
  • Goldman Sachs

More Ways to Buy Using a Crypto Friendly Bank

As previously stated, the aforementioned traditional banks may not be an option for the average investors. However, for most investors in the United States, the easiest way to buy Bitcoin is using Coinbase. It has made things simple and easy to use for investors. In addition, Coinbase offers two sister websites: Coinbase and Coinbase Pro. Coinbase is for beginners and people who like to keep things simple. Furthermore, Coinbase Pro allows those with trading experience or a little more technical background to tweak their trades a little more. On the other hand, Coinbase, which is used by beginners, has fees that vary between 1.5% up to 3.99%, depending on your payment method.

One newer method that may actually be cheaper than Coinbase is Swan. What makes Swan different is that it simplifies buying bitcoin. You simply link your bank account, set up a weekly, prepaid plan to buy bitcoin each week and then enjoy 0.99% fees. The only drawback to Swan is that it is newer than Coinbase and doesn’t have the history that Coinbase has. However, it seems like a promising way to buy on the cheap.

There are a number of cryptocurrency exchanges in the United States that allow you to buy Bitcoin and other cryptocurrencies by simply linking a bank account to your crypto account. And there is no special technical knowledge needed to open an account and buy Bitcoin. Other large American cryptocurrency exchanges include Kraken and Gemini.

What is Bitcoin (BTC)?

Bitcoin is a Peer-to-Peer Cryptocurrency Payment System Founded in 2009

Bitcoin is an open-source, block chain-based technology that was designed as a peer-to-peer payment system. It is designed to be a decentralized electronic payment method that can be conducted semi-anonymously among individuals. As well, Bitcoin is digital cash. The other intent of Bitcoin is to solve the double spend problem that had been encountered in the past with electronic currencies.

It uses block chain technology to maintain its function. First, for users to send and receive bitcoin, the block chain depends on miners. Second, miners use special computers to complete complex calculations which build blocks on the block chain. As a reward, miners are paid in Bitcoin upon completion of each block.how to get 1 Bitcoin fast

The world first learned about Bitcoin in 2009. It is unknown who invented bitcoin; however, a developer named Satoshi Nakamoto (probably a pseudonym) released a 9-page white paper entitled, “Bitcoin: A Peer-to-Peer Electronic Cash System.” As a result, the Bitcoin white paper describes Bitcoin’s purpose and how it works.

It was the first cryptocurrency to experience widespread use and adoption. However, Bitcoin’s use case has evolved over the years from a peer-to-peer payment method to a store of value model. For instance, many Bitcoin users hold bitcoin much like you would hold silver or gold in an investment portfolio.

What is Cryptocurrency?

Cryptocurrency is a digital asset. Payments occur between individuals on the internet. In addition, the best cryptocurrency uses cryptography to secure transactions on a network. Block chain technology is part of what makes the network secure. Miners use powerful computers to solve advanced equations in order to earn Bitcoin or other cryptocurrencies. Finally, mining makes the distributed ledger network secure. In addition, it ensures that transactions are complete. As a result, no one can cheat the system.

What is Block Chain?

The block chain stores data on a public database. The blocks of information include transaction data, participant data and distinguishing data. Each block of data stores thousands of transactions under cryptographic lock and key. A network of computers operates the blockchain. They make the network run and keep it secure by solving algorithmic hashes. The network computers earn cryptocurrency for their work. The bitcoin block chain technology uses a distributed ledger. Bitcoin’s network security hinges on the distributed ledger that the network participates in.

What is the Best Cryptocurrency?

The best cryptocurrency is the most secure, has the strongest user base, has been operating the longest. In addition, it has the highest capitalized market. By this standard Bitcoin is the best cryptocurrency.

Bitcoin Security

The Security of Bitcoin is Based Upon a Strong User Network

The security of the Bitcoin network has proven itself time and again. Over the 12-year history of Bitcoin there have been many challenges to the network that could have spelled failure. However, Bitcoin lives on. However, it’s important to note that many of the most infamous Bitcoin hacks have been of the exchanges that transact Bitcoin. As a result, experts have faulted the exchanges lack of security for the hacks and not the Bitcoin network itself.

Block chain networks like Bitcoin handle transactions of cryptocurrency on a distributed ledger. This means that the mining computers that run the network share information on the ledger and ultimately, must reach a consensus. As a result, the more computer users that operate on the network means the ledger becomes more distributed among users. This inherently creates security and decreases the chances of one hacker group to gain control of the network. This also ensures that Bitcoin is a solid cryptocurrency investment.

One other security factor is the price of Bitcoin. Bitcoin’s network was fragile and was new. From the start, Bitcoin had few users, low capitalization and a weaker network. However, currently Bitcoin price is approximately $30,000. Hacking the Bitcoin network today is nearly impossible. The network is impenetrable without $Billions in capital.

Community Support

Bitcoin has a long history of community support. It has a growing community and network of individuals who believe in the project and who contribute to Bitcoin’s success. The Bitcoin community includes people like crypto enthusiasts, coders, technology developers, Bitcoin users and block chain startups. Ideas are shared on Reddit and Telegram, two popular Bitcoin communities.

$1 Trillion Market Capitalization of Bitcoin

The total market capitalization of Bitcoin is around $1 Trillion dollars and growing. Bitcoin has always been the dominant cryptocurrency in the market and remains so. Moreover, its market dominance is approximately 60% against the other cryptocurrencies. Additionally, approximately $6 out of every $10 in the cryptocurrency market is used to purchase Bitcoin.

Bitcoin Continues to Grow

There are a couple of things to understand about Bitcoin growth. First, Bitcoin is growing in popularity and use worldwide. Users are adopting Bitcoin as a store of value like gold and using it as a payment method in places where banks don’t exist. Second, Bitcoin is growing in price.

When users began mining Bitcoin on laptops in 2009, it had little value. Yet today one Bitcoin can be exchanged for $30,000! Around 2020, billions of Dollars of institutional money began to flow into cryptocurrency investment. People world-wide have been searching for a crypto friendly bank for years.

Examples of Institutional Money Investments in Bitcoin:

Other Cryptocurrencies to Consider

Here are some other cryptocurrencies that are worth looking at more deeply. Although Bitcoin is the most dominant and most secure cryptocurrency, there are many other cryptocurrencies that have strong security and strong use case value. A cryptocurrency investment portfolio may include other cryptocurrencies.ethereum cryptocurrency

Ethereum (ETH)

A Block Chain Project That Uses Smart Contracts to Power Other Projects

Ethereum is an open-source, decentralized block chain project. Smart contracts are one thing for which Ethereum is known. It provides open access to money, via the Ether cryptocurrency coin (ETH), and technology, exemplified by the thousands of applications that are operating on the Ethereum network. The ETH coin of Ethereum is second only to bitcoin in market capitalization.

Ethereum uses a payment system for ETH (Ethereum token). In addition, it implements smart contracts and allowing whole new projects to run on top of the Ethereum block chain. For example, “Crypto Kitties” was launched in November 2017. Crypto Kitties was a decentralized application. It is a digital collecting and trading app of virtual felines that works on Ethereum.

Upside of Owning Cryptocurrency

Owning Cryptocurrencies Requires Belief That They Will Save a Failing System

Owning cryptocurrencies requires that you have a future vision that is radically different than our current banking system. In addition, cryptocurrency is inherently risky and volatile for investors. However, many believe that cryptocurrency investment is a vote for monetary freedom and independence from governments.

Bitcoin doesn’t require using a bank; the bitcoin holder is the bank. Making borderless payments between friends became easier and more private. In addition, Bitcoin is deflationary, with only 21 million Bitcoins available for use. And, if you are starting to have doubts about government money printing and overspending, then Bitcoin is an obvious candidate for safe haven status.

Bitcoin Exchanges and More Information

Hopefully this article has helped you understand cryptocurrency investment. Several exchanges buy and sell cryptocurrency. Binance, Gemini, Kraken, Coinbase and so many more. Moreover, please do your research if you decide to move forward with cryptocurrency investment. There are many scams in the crypto industry that are searching for an easy mark. Finally, if you want to learn more about Bitcoin and cryptocurrency, one place to start might be Investopedia.

Future Predictions

It seems clear that in 2021, Bitcoin will begin its next phase of expansion and adoption. As a result, Bitcoin’s price will likely go much, much higher.

Anthony Pompliano and Max Keiser, two well-known investors in the Bitcoin space believe that Bitcoin price will exceed $100,000 in the next few years. Investors like Mike Novogratz and Chamath Palihapitiya believe Bitcoin price will go higher. In fact, their predictions are $400,000 and $1,000,000, respectively. The investors mentioned are millionaires and billionaires. They clearly understand money and markets. As a result, their predictions are very serious.

Wrap Up of Crypto Friendly Bank

Hopefully this article has helped you better understand bitcoin, cryptocurrencies and the Crypto Friendly Bank. Although there are many ways to purchase bitcoin, the cheapest way to buy bitcoin is by getting it on Coinbase Pro. Coinbase is a trusted, secure source and is the cheapest way to buy bitcoin. It’s also quite easy to buy Bitcoin.

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Cardano ADA News

One World Currency

Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.

 

Categories
Cryptocurrency

Bitcoin Price Forecast

In this article we provide our Bitcoin price forecast for 2021 and beyond. We also talk about why Bitcoin is important to our financial future and why the price is likely to go much higher. In short, it is anticipated that Bitcoin price could soon reach $50,000 – $250,000.

Before delivering our Bitcoin price forecast it is important to understand what Bitcoin is. In addition, we discuss the history of Bitcoin, why it was invented and what makes it valuable. This will help you better understand our Bitcoin price forecast.

What is Bitcoin?

The largest and oldest cryptocurrency, Bitcoin is a Peer-to-Peer Cryptocurrency Payment System

Bitcoin is an open-source, block chain-based technology that was designed as a peer-to-peer payment system. It is designed to be a decentralized electronic payment method that can be conducted semi-anonymously among individuals. It is intended to be a digital cash. The other intent of Bitcoin is to solve the double spend, trust problem that had been encountered in the past with electronic currencies.

Using block chain technology to maintain its functionality, Bitcoin miners contribute to the system. For users to send and receive bitcoin, the block chain depends on miners. Moreover, computers are used by miners to complete complex calculations which build blocks on the block chain. As a reward, the miners receive Bitcoin as payment when each block is completed.

Satoshi Nakamoto Issued the Bitcoin White Paper in 2009

In January 2009, Bitcoin was born. It is unknown who invented bitcoin; however, a developer named Satoshi Nakamoto (probably a pseudonym) released a 9-page white paper entitled, “Bitcoin: A Peer-to-Peer Electronic Cash System.” The Bitcoin white paper describes Bitcoin’s purpose and how it works.

Finally, Bitcoin was the first cryptocurrency to experience widespread use and adoption. However, its use case has evolved over the years from a peer-to-peer payment method to a store of value model. Many Bitcoin users hold bitcoin much like you would hold silver or gold in an investment portfolio.

Bitcoin Limited Supply

Only 21 Million Bitcoins Will Ever Be Mined, Making Bitcoin Inflation-proof

There is a limited supply of Bitcoin, which directly effects the Bitcoin price forecast. Only 21 million Bitcoins will ever be mined for circulation. Therefore, by definition, Bitcoin is a deflationary money. This is in stark contrast to how central banks around the world like the Federal Reserve Bank print more money, continuously creating inflation.

Currently there are approximately 18.5 million Bitcoins that have been mined for circulation. In theory, there are only 2.5 million Bitcoin left to mine. This means that 88% of all Bitcoins that will ever be produced are already circulating. When 21 million Bitcoins have been mined at some point in the future, no more coins will be produced, and the mining of Bitcoin will cease. In addition, limited supply of Bitcoin is what is so exciting about estimating the Bitcoin price forecast.Bitcoin Price Forecast

You Will Probably Never Own 1 Bitcoin

There are only 21 million Bitcoins available to the entire world. As a result, Bitcoin supply is limited. The world population is currently almost 8 billion people. In theory, this means that even if everyone wanted a Bitcoin, there are not enough Bitcoins to go around. As a result, most people will only be able to own a fraction of a Bitcoin. Specifically, economists interpret this situation as a low supply, and growing demand economy. Furthermore, this is the kind of economic situation that drives prices higher and makes Bitcoin price forecast easier to understand.

Bitcoin Adoption is Growing Rapidly

There are a couple of things to understand about Bitcoin growth. First, Bitcoin is growing in popularity and use worldwide. Users are adopting Bitcoin as a store of value like gold and using it as a payment method in places where banks don’t exist. Second, Bitcoin is growing in price.

When users began mining Bitcoin on laptops in 2009, it had little value. Yet today one Bitcoin is equal to $10,000! Around 2020, billions of Dollars of institutional money began to flow into Bitcoin investments.

Examples of Institutional Money Investments in Bitcoin:

There are many other known examples of institutional investors who have begun investing in Bitcoin.

Will Bitcoin Reach $100,000?

Anthony Pompliano: $100,000-$400,000

Anthony “Pomp” Pompliano of Morgan Creek Digital made the Bitcoin price forecast $100,000 in late 2021. Well, there’s not much time left for that to happen, but anything is possible. However, in August 2020 Pompliano doubled down on his Bitcoin price forecast. He’s now predicting $400,000 Bitcoin with an overall market capitalization of $8 Trillion. At this level, Bitcoin would be more valuable than the gold market.Bitcoin Price Forecast

Max Keiser: $100,000-$400,000

Much like Pomp, Max Keiser has also made a very bold Bitcoin price forecast. Max has been in the Bitcoin space for many years and has been bullish for years. He originally began predicting that Bitcoin would shoot up to $100,000. However, recently he has moved up his prediction to the $400,000 range like Pomp.

In February 2020, Max spoke with radio host Alex Jones about Bitcoin. He stated,

“I am officially raising my target for Bitcoin and I first made this prediction when it was $1. I said this could go to $100,000. I’m raising my official target for the first time in eight years. I’m raising it to $400,000.” -Max Keiser, February 2020

Bitcoin Future Value Predictions – Prediction of Bitcoin Price – 2025 and Beyond

Mike Novogratz: $350,000-$400,000

Former hedge fund manager, Mike Novogratz, has gone on the record several times predicting bitcoin market capitalization. Furthermore, he believes Bitcoin will ultimately surpass the market capitalization of gold and reach approximately $7.5 Trillion. This equates to approximately $400,000 Bitcoin price forecast.

Chamath Palihapitiya: $1,000,000

The founder of Social Capital, Chamath Palihapitiya, has been trading bitcoin since 2012. He allegedly owned approximately 5% of the total volume of Bitcoin in existence at one time. Mr. Palihapitiya made a Bitcoin price forecast of $100,000 in the next few years. He also believes Bitcoin will reach $1,000,000!

Future Bitcoin price Forecast

$50,000 – $250,000 Price Range for Bitcoin Based on Gold Market Capitalization

It seems clear that in 2021, Bitcoin will begin its next phase of expansion and adoption. As a result, Bitcoin’s price will likely go much, much higher. We at Piggy Bank Coins believe the future is bright for Bitcoin. We have made a clear case that Bitcoin is a strong store of value, a deflationary asset with limited supply, strong security and a growing network of users.

Historically, Bitcoin price has fluctuated, which hurt its reputation. However, Bitcoin price has stabilized over the past 2 years. As the world economy stumbles through a massive recession and the US Dollar struggles to maintain relevance in a changing world economy, Bitcoin may be the answer.

Future Bitcoin Market Capitalization $1 – $5 Trillion is Reasonable

According to the Visual Capitalist, the world gold market is valued at approximately $10.8 Trillion. Less than half of the value is in jewelry. Therefore, we can assume that gold, the world’s favorite “store of value,” is a $5 Trillion market. Bitcoin, a new “digital store of value” has a market cap value of only $200 Billion (4% of gold’s value). Imagine what Bitcoin will be valued at when it begins to realize it’s place as the world’s new store of value. A Bitcoin with a market capitalization of $1-$5 Trillion is not beyond reasonable calculation.

A Bitcoin market capitalization of $1-$5 Trillion equates to $50,000 – $250,000 Bitcoin, priced in US Dollars. Pricing Bitcoin in this range does not require much imagination. In addition, we have not factored in price impacts such as US Dollar devaluation/failure, other money supplies moving to Bitcoin (M1, M1, M3, etc.), institutional adoption, and so much more.

Bitcoin Price Forecast Wrap Up

Clearly, Bitcoin has a promising future as a store of value and a part of the world’s monetary system. It has demonstrated clear stability in the past 12 years, with price and network strength pushing forward year after year. As more people continue to adopt Bitcoin worldwide, it seems obvious that the Bitcoin price forecast will only go higher over time.

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Disclaimer: It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.

 

Categories
Money

How To Get 100 Dollars Fast

In this article we discuss how to get 100 dollars fast (and legally). In addition, we will give you some great ideas for how to generate cash like selling items, cashing in on money you didn’t know that you had and side hustles. Furthermore, this methodology for earning money can work for making $100, $500 or even $1,000. It is all about how much work you are willing to do.

American Economic Trouble

Americans are struggling financially right now because of COVID-19 shutdowns. Many people live paycheck-to-paycheck and have no savings. As a result, a sudden loss of employment caused them to face economic ruin or bankruptcy.

According to a recent CNBC article using data from SurveyMonkey, millions of Americans have lost their savings.

“Since the virus was declared a pandemic, 14% of Americans — up to 46 million people — said they’ve wiped out their emergency savings.” -September 1, 2020 CNBC.com News Article entitled, “Nearly 14% of Americans have wiped out their emergency savings during the pandemic”

Unemployment is Higher Because of the COVID-19 Shutdown of 2020-2021

The COVID-19 shutdown of 2020 turned out to be devastating like the American Great Depression of the 1930s. Workers who were laid off or lost a job from the COVID-19 fallout are in dire straits. Many people have had to borrow money from pensions or a 401(k) just to make ends meet. Others have had to file for unemployment or ask for government assistance.

Many people are struggling to pay rent. Some home owners have lost their home and many more are at risk of losing assets such as homes, cars and investments. There’s no doubt that this is a scary economic time for most Americans. And many people realized that they should have been thinking about ways to save money on a tight budget earlier.

Having enough money can be a challenge for anyone these days. Life is expensive and it can be difficult to earn enough money. Many companies have laid off workers and jobs are becoming scarcer. As a result, young people are entering the work force and finding it difficult to secure a good job. As a result, many people will be searching for how to get 100 dollars fast.

The Best and Quickest Ways How to Get 100 Dollars Fast:

  • Sell Things You Don’t Need
  • Rent Out Your Room or Car
  • A Side Hustle job
  • Borrow Money (Last Resort)

Sell Items Lying Around the House

Sell Things Like Electronics, Jewelry and Name Brand Items Online or in a Garage Sale

The quickest way to get cash and how to get 100 dollars fast is to sell things. Take an inventory of what you have at home that isn’t needed. Cell phones, gift cards and electronics are quick sellers. Other items that you may have not considered include:

  • Jewelry
  • Vintage toys
  • Fitness equipment
  • Collectibles
  • Name Brand Items (Apple, Bose, Tiffany, Etc.)

First, the common places to sell the items include eBay, Etsy, LetGo, Swappa, Gift Card Granny and Gazelle. Each of these sellers offers a phone app so you can easily manage purchases directly from your cell phone. The money from each sale goes directly to your bank account. Note: fees may apply.

Second, if you want to know how to get 100 dollars fast, have a garage sale. Garage sales are great if you want to avoid the hassle of photographing and listing items for sale online. In addition, each sale generates instant cash.

Finally, a hybrid of online selling and hosting a garage sale is Facebook Marketplace. Facebook Marketplace works as an online garage sale and allows you to reach a larger marketplace of buyers compared with selling in your neighborhood.

Convert Coins to Cash

Another way for learning how to get 100 dollars fast is cashing in coins. Many people put extra change from their pockets in a jar at home and forget about it. If you if you want to know how to get 100 dollars fast, you can simply take the change jar down to your bank or a coin exchange. For a small fee, the coins are quickly counted and paid out in cash. If you have a bank account, check with your bank for coin exchange service. In addition, Coinstar is a popular coin exchange as well.

Rent a Room/Car

Earn Extra Money Renting an Extra Room and Rent Your Car

One hidden secret for how to get 100 dollars fast is subleasing and renting. If you have a spare room or place to lease you can rent it out. Many people think of Airbnb as a vacation rental site. However, you can also rent out an extra room using Airbnb, the local paper or Craigslist to earn extra cash. Note: there’s a lot of issues to unpack regarding renting a room to a stranger, so make sure you do your research if you decide to rent out a room.

Have a car that you hardly use? You can also rent your car. Sites like Turo allow you to list your vehicle on their site and earn extra cash from rental fees. Vehicle protection plans are available and you earn approximately 65-85% of the trip price.

More Ideas to Earn Extra Money

Great Ways to Earn Extra Money Include Seasonal Work, Side Hustles and Starting a Business

One dirty little secret that successful people don’t share about their success is what they had to do to become successful. Successful people often work 2-3 jobs, work long hours and work to do things that no one else wanted to do. But this job is also how to get 100 dollars fast for some people.

It’s not glamorous to deliver pizzas or wash cars when you have a master’s degree from a prominent university. But sometimes to get ahead you have to swallow your pride and do what must be done. I’m not suggesting that you do anything illegal to make money; on the contrary, there are plenty of legal jobs that will earn real money for you. Note: these ideas don’t earn money as quickly as selling your personal items.

Seasonal Work

Seasonal Jobs Include Retail Workers, Tax Season Workers and Vacation Season Workers

During the holidays, seasonal workers are needed in most areas. The Fall holiday season is the busiest shopping time of the year. Employers hire extra staff to help with the higher demand from customers. Examples include retail sales, delivery drivers and merchandise stockers.

Other seasonal jobs include working in the tax industry during tax season and working festivals and resorts during the summer or winter vacation season.  Seasonal jobs can be a great way how to get 100 dollars fast.

Side Hustle

Having a side hustle has become more common these days. Unfortunately, many people work a second job simply to make ends meet. But there’s no shame in working hard to get ahead. Common side hustles today include:

  • Uber/Lyft Driver
  • Food/Grocery Delivery
  • Dog Walking and Sitting
  • Babysitting
  • House Cleaning
  • Gig Economy Services (Fiverr)
  • Freelance Work Online
  • Tutoring
  • Wash and Detail Cars

Start a Business

There are Great Opportunities for Starting a Business, Including Service Industry Business, Home Based Business and Home Sales Business

If you read or see the news, you may believe that there’s no hope for you to make money. However, there’s never been a better time to start a business. The opportunities are endless for someone willing to put in the work. You can start a business locally in the service industry, such as delivery, massage, home/car repair, pet sitting/walking, babysitting, etc. None of these businesses require an office or a startup cost.

If you don’t want to start local service business, you can work from your computer at home. Another way to figure out how to get 100 dollars fast can be to sell things online. For example, some of the platforms available for online selling include Amazon, eBay, Etsy and Facebook Marketplace. You can buy and sell new or used items. In addition, you can create your own brand. There are many options for selling goods online.

Also, you can sell services online. Are you good at building websites, social media or marketing? Many businesses now have an online presence and they need marketers and SEO consultants to help them reach customers.

Last Resort: Borrow Money

You Can Borrow Against Assets Like Cryptocurrency and Your 401(k), But Beware of Predatory Lenders

If you none of the options presented work for you, and you desperately need money, then borrowing is an option. First, you need to know that there are unscrupulous lenders out there who will take advantage of you. Every town now has predatory lenders who will lend you quick cash if you own an asset. The rates and schedule for these kinds of loans are risky. Many people end up forfeiting the loans and lose their assets. These are not recommended and buyer beware.

If you own assets such as cryptocurrency (such as Bitcoin), stocks, 401(k) or other equities you can get borrow against them. Terms for these types of loans are more reasonable and are easier to manage and pay back. In many cases you can borrow money using the asset (stocks, for example) as collateral. There are companies who specialize in these types of loans based on the type of asset you have.

Overall, borrowing is not recommended. When you borrow, the debt hole grows deeper and will be more difficult to escape.

Saving Money: You Need a Budget

Learn How to Save Money and Budget for the Future

Once you get the money that you need, start thinking about how you can save money for investment. Running out of money is not a good feeling, especially when there are bills to pay. And someday you may have others who depend on you. Now is the time to start thinking about how you can save money. Secure your future now.

In addition, now is a good time to take a hard look at your budget to find things you can cut. You want to figure out what items in your budget are not necessary. Paying for cable, spa memberships or luxury items? It’s time to get rid of those expenses so you can have extra money in your budget.

Don’t have a budget? Read this: “10 Things to Know Before Starting a Budget.”

Final Thoughts on How to Get 100 Dollars Fast

Getting ahead requires hard work. There’s just no way around it. If you have to take on a second job or sell something, it can pay off later. Ultimately you want to achieve financial success to have more freedom. Financial success means you pay off debt, have savings and also have investments. That may sound impossible now, but if you focus on the goal, it can be achieved.

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Disclaimer:

It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, to help you make the best choice for you.