How To Turn $50 Into $100: 19 REAL Ways To 2X Your Money!

Strapped for cash and need to quickly turn a small amount into more money?

With just $50, you can double your money or more and reach your savings goals faster.

This guide reveals the smartest hustles, investing strategies, and money-making ideas to turn $50 into $100.

How To Turn $50 Into $100?
How To Turn $50 Into $100?

Read on to learn simple yet effective ways to grow your money.

Make Money Online

The internet opens up a vast array of opportunities to make extra money in your spare time.

With just $50 to start, you can get the ball rolling with these profitable online side hustles.

Take Online Surveys

Taking online surveys in your downtime can add up to serious money.

Take Online Surveys
Take Online Surveys

Most surveys pay between $0.50 to $5 per survey completed, meaning you can easily hit $50 in earnings fast.

Survey sites like Swagbucks, Survey Junkie, and Vindale Research are free to join and pay via gift card or cash.

Pro tip: Use an aggregator site like Octopus Group to complete surveys across hundreds of providers. More survey options mean more earning potential.

Sign Up for Reward Programs

Cash-back apps like Rakuten, Drop, and Ibotta reward you for online and in-store purchases at hundreds of retailers.

Sign Up for Reward Programs
Sign Up for Reward Programs

Sign-up is free, and most offer welcome bonuses just for getting started.

Link your credit or debit cards, shop as normal, and watch the cashback earnings roll in.

Before any purchase, always check the apps to activate cashback at that retailer. The earnings add up fast!

Sell Items on eBay or Facebook Marketplace

eBay and Facebook Marketplace make selling your used items easier than ever.

Sell Items
Sell Items

With just $50, you can start small by listing a few gently used electronics, clothing items, furniture, or other household goods.

Anything people may want to buy.

Make sure to take clear, flattering photos and write detailed descriptions.

With some luck and persistence, that $50 inventory can sell for $100+ over time.

Tutoring or Freelancing on Platforms Like Fiverr

If you have a skill or talent, there’s likely a freelancing website that will pay for your expertise.

Tutoring Others in Your Favorite Subject
Tutoring or Freelancing

On Fiverr, you can sell digital services starting at $5.

Think logo design, writing services, social media management, video editing, and more.

List a few gigs that play to your strengths and watch your earnings stack up.

The more 5-star reviews you get, the more orders will roll in.

Start a Blog or YouTube Channel to Eventually Earn Ad Revenue

Starting a blog or YouTube channel allows you to earn ad revenue down the road.

Start a Blog or YouTube Channel
Start a Blog or YouTube Channel

Choose a niche you’re passionate about and create useful, engaging content consistently.

Once you build up regular viewership, you can apply for ad partnerships through Google Adsense, affiliate marketing programs, sponsored posts, and more.

Patience is key, but ad revenue can add up nicely.

Invest Wisely

Turning $50 into $100 through investing requires patience and smarts.

But if done right, your money can work for you over time.

Consider these savvy investing strategies.

Invest in Stocks or Cryptocurrency

The stock market and cryptocurrency offer the potential for high returns but also come with risks.

Invest in Stocks or Cryptocurrency
Invest in Stocks or Cryptocurrency

Still, with research and know-how, you can invest $50 into a few stocks or crypto coins that may double over time.

When getting started, lean towards established, promising companies or mainstream cryptos like Bitcoin and Ethereum.

Tools like Robinhood and Coinbase make it easy.

Peer-To-Peer Lending

Peer-to-peer lending platforms like Prosper and LendingClub enable you to lend your money to borrowers, earning attractive returns from interest and payments.

You fund loans starting at just $25, so lending $50 across multiple borrowers can diversify your risk.

Returns typically range from 5-7%, but higher returns come with added risk.

High-Yield Savings Accounts

Even a traditional savings account can help grow your $50 if you choose one with a high-interest yield like CIT Bank or Radius Bank.

High-Yield Savings Accounts
High-Yield Savings Accounts

While regular savings accounts offer under 1% APY, high-yield ones offer over 2% APY.

You won’t get rich quickly, but consistently adding funds each month lets your $50 savings balance grow via compound interest over time. Hands-off!

Buy and Resell Domain Names or Websites

Snapping up a promising domain name or purchasing an existing affiliate site can allow you to resell at a nice profit down the road.

Work on driving up the site traffic and authority before listing for sale.

Sites like Flippa facilitate the buying and selling of sites.

Got Less Money? Try These Instead…

Traditional Side Hustles

You don’t need the internet or investing savvy to turn $50 into $100 the old-fashioned way.

Traditional side hustles require a little elbow grease but can quickly generate extra cash.

Dog Walking or Pet Sitting

Offering up your services as a dog walker or petsitter is an easy, enjoyable way to make money in your spare time.

Create a Dog-Walking or Pet-Sitting Profile
Dog Walking or Pet Sitting

Register with an established platform like Rover or Wag to quickly find clients.

You can easily command $15-20 per 30-minute dog walk in most areas.

With just a handful of regular dog walking or pet-sitting gigs, you can reach $100 in no time.

Who doesn’t love bonus time with adorable furry friends?

Babysitting or Nannying

Local parents are always seeking trustworthy childcare help, making babysitting a reliable side hustle.

Babysitting or Nannying
Babysitting or Nannying

Register with sites like Care.com or SitterCity to get in front of families looking for sitters.

You can drive up your earning potential by becoming a certified babysitter.

Also, consider offering specialized skills like tutoring or music lessons. Parents pay extra for enrichment!

Doing Tasks on TaskRabbit

Become a Tasker on TaskRabbit and earn cash for helping locals with everyday tasks and errands.

Choose from categories like cleaning, moving help, handyman work, delivery, and more. Set your rates and schedule.

The key is providing excellent service so you get tipped generously and invited back by happy clients.

Top Taskers can earn $25-$50+ an hour in many metro areas.

Becoming a Rideshare Driver

Driving for a rideshare company offers flexible earning potential if you meet the qualifications.

With Uber, Lyft, or other local rideshare platforms, you can choose your own driving hours.

Bonuses and surge pricing can help maximize your hourly pay.

Make sure to track your mileage and gas expenses for tax write-off purposes.

Also, consider renting for Uber/Lyft to unlock bonus perks and avoid mileage on your own car.

Get Creative To Turn $50 Into $100?

If you have creative skills and a little imagination, you can dream up fun ways to turn $50 into $100.

Give these outside-the-box ideas a try.

Make and Sell Crafts on Etsy

Got crafting chops? Make an Etsy shop to sell your handmade creations on a global scale.

Selling Handcrafted Items on Etsy
Make and Sell Crafts on Etsy

Items like jewelry, candles, artwork, cards, and more can sell well.

You invest $50 or less in supplies and price your items for 2-3x your costs.

Grow your shop by improving your product photos, using targeted keywords, and running occasional Etsy ads.

Don’t forget to reinvest your profits into making more inventory!

Busking by Playing Music or Performing on the Street

Performing music, dancing, juggling, magic, comedy, or other creative acts on a busy street or public space can yield fast cash.

Create a sign with your Venmo/CashApp handle so that passersby can easily tip you digitally.

Obtain any needed permits, pick high-traffic spots at peak times, and you may collect $50+ in just a few hours if you attract an audience.

Entering Contests and Sweepstakes

In your downtime, enter free contests and sweepstakes by mail, email, online forms, and social media.

You never know—you could win anything from cash to cars to exotic vacations.

Increase your odds by entering as many reputable sweepstakes as possible rather than betting on just one.

Follow blogger The Sweepstakes Advantage for current options.

Reselling Thrift Store Finds

Hit up thrift stores and garage sales to find coveted brands, vintage wares, and other unique items you can resell online for a profit.

Clothing, shoes, accessories, home goods, and collectibles can all flip for exponentially more.

List treasures on sites like eBay, Poshmark, Depop, and Facebook Marketplace.

Turning $50 worth of thrift inventory into $100+ is doable with the right finds!

Reduce Expenses

One of the easiest but often overlooked ways to effectively double your $50 is simply by spending less money in your everyday life.

It’s not glamorous, but cutting expenses frees up more cash that you can direct toward savings or investing.

Try these budget-trimming tactics:

  • Review monthly subscriptions and cut any you don’t use often. All those $5 and $10 subscriptions add up!
  • Call service providers like cable, internet, and insurance to negotiate rate reductions. Companies want to retain customers.
  • Downgrade your cell phone plan if you’re overpaying for data you don’t need. Prepaid plans can cost way less.
  • Learn to DIY more things at home rather than paying for services. Cook at home, cut your hair, and clean your own home to save.
  • Stop impulse shopping and buy only necessities for a month or two. Make do with what you have at home already.
  • Limit eating out and entertainment expenses which balloon budgets. Have free fun close to home.
  • Slash energy costs by weatherproofing your home, installing smart thermostats, and turning off lights.

With some diligence, you can trim $50+ from your current monthly spending.

Invest those savings each month and your $50 will hit $100 in no time flat.

Ask For Help

If you’re motivated to double a small amount of cash, don’t be shy to ask others to lend a hand.

Close family and friends may be willing to gift or loan you an extra $50 to help you hit your goal sooner.

Just be sure to clearly explain how you plan to use the money to improve your finances or other circumstances.

Present a solid plan for how you will eventually repay any personal loans. Don’t make asking for money a habit though!

You can also look into nonprofit organizations or small business grants if you need funding for an endeavor that benefits the community or fills a need.

Your compelling pitch could win you $50+ in grant money.

Finally, crowdfunding through sites like GoFundMe allows you to request donations for personal needs, community projects, medical bills, or startup dreams.

Just make your case!

Wrapping Up

Turning $50 into $100 takes some planning, effort, and persistence, but many routes can lead to your goal.

Once you select your preferred doubling method, set a realistic timeline, stay motivated along the way, and monitor your progress.

Before you know it, you’ll hit your $100 target and be ready to scale up.

I'm Rahul, a money-making expert who helps others make money online through survey sites, side hustles, the gig economy, and more. On Moneyfreed, I share actionable tips and tricks to help you create a flexible and profitable online income stream.

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