The Personal Finance Bible: 6 Fantastic Ways To Get Your Hands On Money Right Now

Personal financing is an area that many people find intimidating. Nobody enjoys looking over their money issues, and for some, the idea of setting a budget can be terrifying. Don’t worry about it. If you want to make the most out of your income, you just need to learn how to use it to its best advantage. If, for whatever reason, you need some money upfront for something, there are ways you can get hold of it.


Photographer: Nick Ares

  1. Get a reverse mortgage

Owning a home means that you already have a valuable asset you can use should you need to. If you have spent many years paying off your mortgage, you already have a fund of money to use. Plans like Irvine reverse mortgages will let you release some of the equity from your house. In essence, the system allows you to take some of the value out of your home and use it for whatever you need. You might already have ideas about what you want, and so you can start planning right away.

  1. Get a personal loan

There are hundreds of independent lenders and companies who will be more than happy to offer you a personal loan. First, you should work out how much money you need to borrow. Never borrow more than you need, or you will get yourself deep into debt when you don’t need to. Be aware that if you have poor credit, you might find it a little tricky to get a loan. There are companies who will lend you money regardless of your financial restraints.

  1. Let out your spare room

If you have a spare room in your home, you could profit from it. You will need to spend a little cash fixing up the space so that it meets national standards. You should make sure that there is storage and a bed in the room. You can promote the place online and see whether you can find a lodger to move into it. You might want to target the student market so that you have a reliable candidate.

  1. Make extra money online

If you don’t need a lump sum, but you want a steady extra income, you might find ways to earn money online. You could consider becoming a virtual assistant or completing online surveys. Watch out because there are a few scams out there. If anyone asks for your credit card details, you should not trust them. Giving personal information to people online is a foolish thing to do. Instead, check out the company and ensure that they are legitimate.

  1. Try crowdfunding

If you need cash for a particular purpose, such as for medical costs or to help you launch a business, you might want to try crowdfunding. There are a few different sites you can post your story on online. If people want to, they can donate to your cause. This technique is modern, yet many have found that they can get the cash they need by using it. There has even been an entire TED talk dedicated to the subject, which is proof in itself that it works.

  1. Take part in medical trials

Universities and research centers are regularly holding medical trials. As a society, we need to learn more about human biology, and one way in which we can do this is by trialing new drugs and therapies. Many centers will pay you to take part in tests so that they can learn from you. You can contact a university and see whether they have any sessions taking place in the future.

Remember, you should never fear money. You are in control, and so you have the power to get as much cash as you want or need. Use these ways to get some extra cash when you need it.