An Action Plan For Raising Instant Cash
 |
An Action Plan For Raising Instant Cash |
Have you every been in the frustrating
situation where you need to buy something for your business and don’t have the
money?
Maybe one of the following techniques will be
the answer you’re looking for.
You’re probably aware of the credit card
industry for purchases. Did you know you
can actually “buy money” with credit cards? You can withdraw the money no
questions asked, assuming you have available credit of course.
Not only can you use your card, many credit
card providers also can send checks that you can write against your credit
limit.
If you have five credit cards you can cash a
check or “draw money” (cash advance) of $1000.
That makes $5000 if you use this method on all five cards. Cash the
credit card check at the bank or institution that provides the credit card.
Many banks also offer overdraft protection
these days. Using this method a check
can be cashed for higher than the amount in the bank account. The check is
processed even though the funds are there.
The bank honors the check, therefore , as a benefit, no overdraft fees
for you or the person whom you issued the check. This method is actually
“revolving” credit.
Another method is using your home equity to
borrow money. If you have $25000 equity
in your home You could take out a loan using the equity in your home. Many astute people use this method in order
to start or expand a business.
The next method, which has been used very
frequently is borrowing from friends and family. For example if you have 10 friends that each
loan $100, that’s $1000 right there. Imagine the possibilities if have hundreds.
Even though you don’t realize it you probably
have cash laying around. I’m not talking
about finding money in the pockets of old jackets. Old furniture, dolls, antique items can all
be sold to raise funds. Almost anything in your bedroom, attic or basement
stored away has the potential to generate funding. You could even have a yard
or garage sale as a fund raiser.
There are many more methods that can be used.
Use your imagination to see the endless possibilities. They are out there, spend a little bit of
time contemplating and less time worrying. The world is full of endless
opportunities for anything and everything. Be prepared to use any or all the
methods when the need arises.
If any of these methods work for you, you’re
well on your way.
By Farida Madre
Copyright 2006 GoldenStarEbooks.net
http://www.goldenstarebooks.net
0 comments:
Post a Comment