The Best Ways To Make Quick Cash

Life has a tendency to throw curveballs; expensive ones, usually.  When cash starts to become scarce, it is the resourceful person that can keep the debt collectors at bay.  Selling off assets, getting a second job, and getting a lump sum from companies that purchase structured settlements are proactive ways that you can get some money for the most trying times.

Sell Off Assets

It may be a tough pill to swallow, but you may have to part with some of your valuable assets if you are strapped for cash.  No one wants to have to sell their expensive car or the home of your dreams, but if your money situation is that dire, chances are you won’t own those for any longer anyway.  Might as well get what you can out of them by putting them on the resale market.  Downgrading to a smaller home or driving around a practical car is a much better option than being foreclosed on or having your luxury car seized.

Get a Second Job

If you have the spare time to actually accomplish it, getting a second job in order to pay the bills is a worthwhile option.  Making money the old fashioned way is a noble pursuit, and although the idea of juggling two jobs at once may seem daunting, but desperate times may call for desperate measures.  Waiting tables, bartending, and retail are great options for a second job as they offer the most flexible hours.  They can tailor work around your schedule in order to make the stress on you as slight as possible.  Your free time may become nonexistent, but without money, you wouldn’t be able to really do anything in the first place.

Get Money You’re Entitled to in One Lump Sum

Sometimes waiting for money to come from a structured settlement can be a long process, especially if your bank statement is looking quite low.  For example, if you have a structured settlement from an injury, you may be dealing with enormous medical bills at the same time.  Bill collectors will not wait for you to get the money, but luckily there are companies that will purchase structured settlements in exchange for an upfront cash advance.  You can sell however much of the settlement that you want or need.   Some of the companies may even offer purchases of lottery winnings or annuity payments.

A lack of money can be a really stressful situation to be in.  It is important, however, to remember that there are options available to you, but you must be proactive when attempting to pull yourself out of the hole you are in.

Jason Sherman is a former accountant and enjoys writing about financial news and offers money advice to his readers.

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