June 15, 2019

Emergency Cash Now by Mel Waller

Emergency Cash Now

by

Mel Waller

Used with Permission from Life Transformation Publishing

Copyright © 2017

ISBN-13: 978-1546346142

ISBN-10: 1546346147

Life Transformation Publishing

Specializing in Transforming Lives!

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melwaller@gmail.com

 

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CONTENTS

Foreword

Remain Calm

Ask for the No

Payday Loans

Friends and Family

Personal Loan

Collateral

Real Estate

Same Day Cash

Part Time Work

Stop Bill Payments

Pawn Shops

Sell Your Things

Garage Sale

Cash Advance

Partnership

Ebay

Auction House

Scrap/Recycling

Stocks, Bonds, Precious Metals

Special Skills/Knowledge

Webinar

Email

Upsell

Barter

Local Church or Charity

Fundraisers Online

Donate Blood Plasma

Personal Loan or Credit Card Online

Retirement Savings

Craigslist

Etsy

Zazzle

Consignment Sales

Medical Research Paid Volunteer

Collect Debts

TaskRabbit

Future Work Advance

Credit Cards With a Twist

Sell Free Stuff

Sell Your Things!

Gigwalk

Odd Jobs

Rent Out Space

Rent Your Stuff

Fiverr

Google

Legal Disclaimer

Life Transformation Publishing is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within this book/ebook.

Although this book/ebook from Life Transformation Publishing may include links providing direct access to other Internet resources, including Web sites, Life Transformation Publishing is not responsible for the accuracy or content of information contained in these sites.

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Foreword

I love helping and touching lives. One area in our financial lives is some unexpected financial event that can come anytime unannounced.

It can be a challenging situation in life, such as the loss of a job, unexpected medical expenses, a natural disaster, car repairs and an endless list of things that can seem to go wrong when we least expect it, even if we have tried to prepare in advance for such a situation.

A positive challenge that we can also run into is when a golden opportunity presents itself with a limited time window if we can come up with the cash to take advantage of it.

An example like this could be when the Stock Market crashes and most people are now in panic mode, this is actually the best time to start buying because stocks are at bargain basement prices and they should rebound.

Another example might be you’ve come across a great real estate deal and need the cash now. Perhaps the property hasn’t been listed yet and you want to take advantage of the opportunity to get this property at a great price without any competition.

I used a credit card advance to cover the money down for an older house that I was able to get at 50% of the asking price. The home had been on the market for a year and the owners were anxious to sell. It needed some remodeling which was not a problem for me to do myself. A few years later I sold it on a land contract.

I hope you are able to use some of these ways to come up with some Emergency Cash Now. I’ll focus on being able to obtain the cash in the next 30 days.

Mel Waller

Remain Calm

Remain Calm. If you start to panic or get worrying about your situation you will NOT be able to think clearly to creatively come up with a workable solution. This is very important. You want to be relaxed so you can think of all the possible choices that you have to deal with this unexpected emergency.

So take a deep breath if you need to and let it out slowly and relax and allow the creative thoughts to flow.

I take the approach that “Life Works for Me”. Often people believe life is working against them so they approach the challenge with a negative and pessimistic view. It’s a self-fulfilling prophecy.

“Whether you think you can

or whether you think you can’t,

you’re right.” -Henry Ford

Who might you be able to contact for advice in this situation? Sometimes just to have someone who is a good listener helps tremendously. While you’re explaining the situation to him/her, you can sometimes receive insight from within yourself.

Believe that you WILL find a solution. Again you don’t want to block your creative thinking.

What can you do if you are having a difficult time relaxing?

One thing you can do is see yourself a few years in the future, long after this situation has been resolved in a positive way.

What would that feel like?

See it in your mind and feel it in your body. Bring that positive feeling back into the present moment and you’ll have new found confidence to tackle this challenge.

Another possibility is to remember a time when you may have faced a similar situation and you were able to get through it. It wasn’t the end of the world after all!

Again remember it, see and feel it and bring those feelings to the present moment.

Ask for the No

What do I mean when I say, “Ask for the No?

We are prejudging in our minds that someone is already going to say no to a request we have before we have even asked them and as a result we don’t even ask! So… Ask for the No.

Don’t assume for a single second that someone is going to tell you no to your request for cash assistance. That’s just a thought in your mind. I have made it a point to ALWAYS ask for the no and I have been pleasantly surprised more than once and this goes for anything in life.

If you don’t even ask for cash assistance that is an automatic NO in itself. Don’t short change yourself. If your need for cash assistance is that important then you have to take advantage of every possible opportunity you can to increase your chances for success.

Trust that others will empathize and be willing to assist you. And just because 10, 50 or even 100 people say no that its time to give up. Never give up!

Colonel Sanders of Kentucky Fried Chicken KFC fame is said to have asked 1,009 times before he was able to sell his chicken recipe and start his franchise business. Keep asking!

I will list now possible ways to obtain cash in the next 30 days.

Best Wishes to your Success!

Mel Waller

Payday Loans

1. Payday loans. If you are currently working, it’s possible to get a payday loan. A payday loan is a small, short unsecured loan.

Possible documents you may need to have to apply online or in person are:

recent paycheck stub(s)

recent bank statement(s)

VOID personal check, if available

current utility bill with your name and address

valid state issued driver’s license or identification card

valid social security card

Warning: The interest rate and charges can be very high. If the amount is something you can pay back quickly or its your last resort then you may decide to go with this option.

Friends and Family

2. Friends and Family. Ask EVERYONE you know.

As mentioned previously, Ask for the No. Don’t prejudge what you think people are going to say or do. Again, that’s nothing, but an automatic no in itself.

Calmly explain what the situation is. Explain how you intend to use the money and your plan in how you intend to pay them back. The more information provided, the more they will be re-assured and perhaps more willing to loan or give you the money without your needing to pay it back.

If they should say no, don’t get upset. It’s their choice to do whatever they want to with their money. By being civil, they may have some other ideas that could be useful or they might suggest someone else you could contact.

Contact your immediate family, all your relatives and friends including facebook friends and even acquaintances may be willing to help. Perhaps someone at your work or a business owner. If its that important to you its worth doing everything possible to obtain the funds you seek. Don’t allow pride or shyness or whatever else to get in the way of your success.

Personal Loan

3. Ask for a personal loan at your bank(s). If you have poor credit you might still get the loan approved if you have a co-signer to guarantee the loan will be paid.

At the bank or credit union, assuming you are a regular customer already, the bank might want to see your last paystub or if you are self employed a copy of your last year’s tax return.

Do you have collateral you could offer the bank?

Collateral

4. Using Collateral. You can often get loans with a boat, car, RV or other equipment as collateral. Going back to Friends and Family, you could also offer them something of value that you own as collateral.

If you don’t pay within the agreed amount of time they can sell your collateral to recoup their money or they can simply keep it for themselves.

You’ll probably need to bring the Title along and generally the bank is also going to require proof of insurance for your boat or vehicle as well.

Real Estate

5. Do you own real estate?

Could you take out a loan on the equity of your property?

Perhaps a 2nd mortgage?

Start with your current lender. If they will not approve of an equity loan or 2nd mortgage you can approach other banks, credit unions or lenders.

We were able to get an equity loan through another bank for our home when we wanted to add some home improvements.

Same Day Cash

6. Same Day Cash Work.

In some cities, you can work a temporary job that pays cash for your work the same day. If you are already working one job, you can call right after your work and see if there is an immediate opening at the temporary work position.

Even working mega hours for the short term can provide you the cash you need.

This really helped me when I moved out to Denver, CO.

Part Time Work

7. Part time job.

Although there is a lag in time from when you work to when you will get paid, if you have a few weeks to spare, this cold help you out. Anyone should be able to work mega hours for awhile. Depending on your employer, after a few days or a week working maybe you could ask for a cash advance against your salary.

Stop Bill Payments

8. Stop paying your bills for one month if possible and put that cash in your pocket to use for this cash crunch.

Be careful that you are not overly punished in fees for late payment or end up with disconnected service(s) that you need such as heating or electricity.

Usually you’ll have a grace period and in some states the companies can not turn off your heat in the winter time.

Best to check before you withhold payment and use the cash for your emergency.

Pawn Shops

9. Pawn shop.

You can pawn tools, jewelry, coins, equipment, electronic, musical instruments and other things at a pawn shop. Sometimes you can be allowed to buy back your item(s) with interest within a certain time frame.

Make sure you understand the complete terms and deadlines if you are hoping to buy back your items in the near future.

Sell Your Things

10. Sell some of your possessions to friends, family or anyone who is interested or let them assume your loan.

After I lost my business in 2002 as a result of Sept 11, 2001 and business basically dying after that, I was able to let a relative assume the car loan that I had for a 2nd car and he took possession of the car and that eliminated an expense of the loan payment as well as car insurance and maintenance freeing up more of the cash that I had.

And that’s cash in my pocket every month going forward that would have went towards those bills.

Garage Sale

11. Have a Garage Sale.

If traffic is busy enough on your street you wouldn’t even need to spend for advertising. Word of mouth will spread the news that you are selling things.

Make sure some nice items are visible closer to the road to better attract passing traffic. Put up some balloons to attract attention.

Not in a great location?

Could you partner up with someone and have a garage sale at their location?

You could share any advertising expenses and assist during the garage sale as well.

Cash Advance

12. Cash advance on your credit card(s). This can be expensive, but if you need the money…

Find out what the fees are before you decide whether or not you want to use this option.

While using any of these ideas you don’t want to unnecessarily create a new emergency in the weeks or months ahead because you took on an even bigger burden in fees or penalties.

Obviously, if its a great enough emergency you are going to do whatever it takes and deal with the consequences later.

Partnership

13. Partnership.

If this is a golden opportunity that has presented itself, perhaps you could find someone to be a partner in this endeavor for their contribution of needed cash.

This requires some careful thinking and you’re going to need a legally binding agreement and try to cover all the possible future decisions that may occur.

People may get along well together until they are in a business relationship which changes how they conduct themselves.

Seek advice from other business people who are in a partnership and ask how their experience has been. How is it working out for them?

Ebay

14. Ebay.

https://www.ebay.com/

You can sell anything on ebay with auctions or a fixed listing and earn money quickly. You can literally sell just about anything on ebay. There are probably other auction sites online, but ebay is the king and you could be paid the same day you sell your item via Paypal.

Auction House

15. Local Auction House.

Sometimes you can quickly sell your items with a local auction house if they can add the items to an already scheduled estate or business auction.

Or if you have time and have a lot of things, you can have an auction for yourself.

The auction house usually gets a set commission based on gross sales.

Scrap/Recycling

16. Scrap/Recycling.

Do you have junk or scrap that could be sold for recycling?

Metal, glass, plastic, cardboard, electrical wiring(copper), junk car or equipment are all worth cash.

If you have a vehicle that you want to junk you will get paid more if you can drive or get it to the salvage yard yourself

Stocks, Bonds, Precious Metals

17. Stocks, Bonds, Precious Metals that you might own and could sell part or all of it or use as collateral on a loan.

Special Skills/Knowledge

18. Do you have some special skills or knowledge that you could offer someone?

Life coaching?

Technical expertise?

Tutoring?

Repair work?

Trade skills?

Life experience?

I have picked up extra income teaching English online to Japanese. There are lots of tutoring jobs available. If you can reach your students directly you could be paid up front. Working through a tutoring site, you will usually get paid once a month.

Webinar

19. Could you take your knowledge and put together an online webinar and reach a lot of people? Perhaps partner with someone who has experience with hosting webinars so you could get it up and running quickly.

Often you can try out the online software or application for free the first 30 days.

Maybe you can figure out how to do a webinar and you just need to partner with someone who has a large list or following to reach as many people as possible and offer a commission or flat rate for the partner in exchange for them promoting to their list or audience.

Email

20. Could you email everyone you know or perhaps you have an email list as part of a blog or business?

Could you send out a special sales offering to your list?

Buy 2 items, Get 1 item free.

Discount a high ticket item to generate more cash quickly.

Offer a service.

Upsell

21. Upsell.

If you have sold things to customers previously can you upsell them?

Perhaps they purchased one item that they are going to reorder on a continual basis and you offer a special discount if they purchase x number of the same item within a limited time. That gives them an incentive to buy more now.

Barter

22. Barter.

Offer goods or services instead of paying cash for one of your bills to hang on to more of your cash.

I had someone do electrical work for me and in return I installed flooring in their home. A win-win and no money spent.

Local Church or Charity

23. Ask your Church.

I have known of churches where they will give some cash to those are really needy in an emergency even if they were a stranger. Again, Go for the No!

And if its your own church, they might help you financially or even conduct a fundraiser.

Maybe the Church or Charity will actually donate an item you need. Let’s say your car clunked out and you need a replacement and they are able to donate a used car to you.

Fundraisers Online

24. Fundraisers Online.

The following sites allow you to put up a fundraising campaign to raise funds for just about anything. In no particular order:

https://fundly.com/

https://www.gofundme.com

https://www.youcaring.com/

https://www.classy.org/

https://www.crowdrise.com/

https://fundrazr.com/

https://myevent.com/

https://www.razoo.com/

Donate Blood Plasma

25. Donate Blood Plasma.

Its possible to be paid anywhere from $20 to $50 per donation. How much you get paid depends on your body weight.

Personal Loan or Credit Card Online

26. Apply for an online personal loan or a credit card. You will usually have their decision in minutes.

Have all your financial info ready for whatever questions they are going to ask you about.

If you are turned down, they are usually required to send you info as to why you were declined.

Retirement Savings

27. Borrow against any Retirement

Savings that you might have. Your IRA, 401k, etc…

Craigslist

28. Craigslist is another online site where you can sell items. Its international in scope.

https://accounts.craigslist.org/login

Etsy

29. Etsy

https://www.etsy.com/

Another place you can create products and sell online.

Zazzle

30. Zazzle

https://www.zazzle.com/

Zazzle allows you to create gift items right on their site that you can then sell. Personalized items, shirts, etc.

Consignment Sales

31. Sell items for other people on Ebay or other sites. Not everyone has the computer or computer skills to sell online and you can offer this as a service. They pay all fees and you receive a commission based on selling price.

Medical Research Paid Volunteer

32. Medical research.

I was reading where someone allowed research to be conducted on him for 6 weeks that paid him $3000. He then used this cash to start traveling around the world.

Collect Debts

33. Debts.

Does anyone owe you money?

Now would sure be a good time to try and collect on that!

Even a partial payment could help.

TaskRabbit

34. TaskRabbit

https://www.taskrabbit.com/

On this website people are hiring people for individual tasks that need to get done and you can be paid seamlessly the same day. Available in U.S.

Future Work Advance

35. What about trying to get some future work and have them agree to pay you part or all of it in advance?

This is not unheard of especially with remodeling and construction.

Credit Cards With a Twist

36. Do you have credit cards, but you don’t have a cash advance or you don’t want to pay those fees?

What if you used your credit card for a friend when he is going shopping and he pays you the cash for his purchase that you put on your credit card?

This gets you some cash now and he still got what he was shopping for.

Grocery shopping can run a few hundred dollars real fast. Or maybe they are looking to buy some high end electronics.

Sell Free Stuff

37. Sell Free Stuff!

People often advertise on Craigslist or in the classified ads free stuff to be hauled away. They just want to get rid of it. They either don’t care or they are unaware of the value of it.

Another source is garbage left out by people. They throw away everything. Back in 1990 after my work in the evening, I would pick up furniture and appliances and all kinds of things that people have put out for the trash. I’d look it over. Clean things up and put it all for sale at a garage sale that I had weekly. It was nice, extra cash coming in and you can find some real valuable items from time to time. If you are able to collect lots of good items perhaps a local auction would be a faster way to cash in on those items.

College campuses at the end of each Semester and particularly at the end of the school year students are throwing away valuable items including working TV’s…etc.

Do you live in or near a large apt complex?

You’ll find all kinds of items there put out for disposal. I fully furnished my apt in Denver, CO just from what other tenants were discarding and it was all good quality furniture. Sometimes they are upgrading their furniture and they have nowhere to store the older item(s)

Sell Your Things!

38. Worth repeating!

SELL YOUR THINGS!

Just about everything you own is saleable. Take a good look at it all. What can you part with to help give you the cash for whatever you are needing it for now?

One Person’s Trash

is another Person’s Treasure.

I used to sell full time on ebay and I was always amazed at what people would buy. I could take free items I received in the mail and sell them easily on ebay. I could buy used books cheap locally or even get them for free and sell them for a nice profit on ebay. There are unlimited possibilities.

Gigwalk

39. Gigwalk

http://www.gigwalk.com/

Another site where you can find short gigs for cash. See if they have offers in your area.

Odd Jobs

40. Odd Jobs of all sorts.

Baby sitting, pet sitting, yard work, cleanup, repairs, wash cars, mow lawns, anything and everything that you feel comfortable doing.

Rent Out Space

41. Could you rent space in your home?

Or rent storage space in your garage?

Whatever is necessary to get you that cash.

Rent Your Stuff

42. Rent Your Stuff

Why sell it if you could rent out some of your things again and again. Tools, boat, lawn mower, an extra car you are not using, RV, a cabin, some land …etc. Rent a room in your house or apt.

Fiverr

43. Fiverr

http://www.fiverr.com

There are people getting paid top dollars for jobs that they outsource of Fiverr for little or nothing. Even a $5 job for an English speaking worker in the Philippine is very good money. Some people work 12 hours a day just to make $5. Check their reviews to find quality workers and maybe even get some sample work done before committing to the project.

Google

44. Google it!

The internet is overflowing with information. Google for info about ways to make money fast and there might some new ideas out there.

Whatever you do, don’t give up. Find a way. Be super resourceful.

You can let me know at

melwaller@gmail.com

if any of my suggestions were able to be of service to you.

I love to hear success stories.

Thanks!!!

Mel Waller

 

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