What does it mean to "rack in some serious cash"? Does it mean to make money quickly and making loads of cash?

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    You probably have misheard or misread 'raking in cash' meaning you are earning cash like you are raking leaves in quantity. – Mitch May 14 '16 at 16:37

Yes. It means making a lot of money fast.

Rake in means

Fig. to take in a lot of something, usually money.

"Our candidate will rake votes in by the thousand."

"They were raking in money by the bushel."

Rack up means

Fig. to accumulate something; to collect or acquire something.

"They all racked a lot of profits up."

"We racked up twenty points in the game last Saturday."

What you heard is probably a mix of these two.

Also, Serious means

Informal Of considerable size or scope; substantial

"a serious amount of money."

Definitions from The Free Dictionary

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To rake in means:

to earn or get a large amount of money: 'He rakes in over $200,000 a year.'

"Rake in some serious cash" - Making a lot of money quickly and steadily.

She's really raking it in (= making a lot of money).

To rack something up means:

to gradually get more points, profits, etc.: 'He has racked up 450 points in three months.'

[Cambridge Online Dictionary]

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