An Action Plan For Raising Instant Cash

An Action Plan For Raising Instant Cash

Have you ever been in a frustrating situation where you need to buy something for your business but don’t have the money?

Maybe one of the following techniques will be the answer you’re looking for.

You’re probably familiar with the credit card industry. Did you know you can actually “buy money” with credit cards? You can withdraw the money with no questions asked, assuming you have available credit, of course.

You can not only use your card, but many credit card companies will also send you checks that you can use against your credit limit.

You can cash a check or “draw money” (take a cash advance) of $1000 if you have five credit cards. 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 more 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, there are no overdraft fees for you or the person to whom you issued the check. This method is actually “revolving” credit.

Another method is using your home equity to borrow money. If you have $25,000 in 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 who each loan you $100, that’s $1000 right there. Imagine the possibilities if we had 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, and antique items can all be sold to raise funds. Almost anything you have stashed away in your bedroom, attic, or basement has the potential to generate funding. You could even have a yard or garage sale as a fundraiser.

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 of the methods when the need arises.

If any of these methods work for you, you’re well on your way.

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