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How To Make Money When You Literally Have No More Cash In Your Pocket

So you don’t have a job now. Or your business isn’t doing well. Or you simply just failed to manage your finances in the previous month and your bills are starting to pile up. Overdue notices have been slipping under your door while you are sleeping.What are you gonna do now? Should you immediately borrow money from a loan shark?

Here are a few suggestions that you can consider if you are cash-strapped today.

How To Generate Cash When You Literally Have No More Cash On Hand

1. Liquidate or Sell Your Assets. My friend and legendary Pinoy music icon Joey Ayala once told his workshop students, “If you are not in a good survival mode and if you don’t prosper, you end up selling what you treasure.”

You can look around your house or office for gadgets, furniture, apparels, shoes, books, jewelries, appliances, or even your car that you can sell online or to your neighbors and friends.

What you need to improve on: Establish an emergency fund. You can slowly build this savings basket to help you in troublesome situations like this.

*Prepare wisely for your homecoming! Be an online entrepreneur! You have until August 22 to book a slot and start learning how to earn 5 to 6 digits through the Internet Business Master Class (IBMC)! Click here to enrol!

2. Find A Second Source of Income or Sideline Business. If your earnings from your current job or business are just enough to cover your basic needs and you have to pay for other bills outside your regular budget, then it’s high time to consider looking for a second work or business.

Sideline.001

You can offer consultancy work based on what you know or what you are good at. You can also consider selling products or services online so you won’t have to leave your business office. You can also do this during your free time at home.

What you need to improve on: Be active on social media. Join online groups and support clubs that help and educate members about entrepreneurship and personal finance.

3. Look For A Joint Partner. Your startup business may be a gem in the making but your funds are not just enough to sustain its potential. One solution is to look for a person with a good background in marketing and improving the bottom-line of a business.

Starting a team with a partner should be able to combine strengths and specializations that will pump up a business. Be upfront and honest with your partner on what your current struggles are.

What you need to improve on: Join seminars and conferences to meet like-minded people. Network with entrepreneurs and investors who can see opportunities in startups.

4. Borrow Money From Friends or Business Partners. This should not come as a surprise as our last recommendation on where to get cash to pay for your bills or to infuse capital on your dying business.

Again, be honest to these people as to your intentions on why you are borrowing money from them. Be professional enough to present to them your repayment scheme or business plan. Doing this will most likely make them say yes to your proposal.

Make sure, though, that you prepare a contract containing the terms that you and your friend or partner have agreed upon.

What you need to improve on: Establish a good reputation within your family circle and community in terms of borrowing money and paying on time, if not ahead of agreed schedule. Period.

Do you have any other suggestions on how to make more money? Write your comments below and help more people become more financially knowledgeable!

Subscribe to BurnGutierrez.Com  and learn more!

Join the OFW UsapangPiso Facebook Group to learn how to plan your finances the right way and how to grow your money in various financial instruments and investment vehicles such as stocks, mutual funds, UITF’s, bonds, money market, real estate, and others.

Rock your way to abundance!

#moneyliferocknroll

P.S. 1. Are you an OFW who’s been looking for a investment placement where your money could grow higher than your time deposit accounts? Are you outside of Metro Manila and would like to start investing in mutual funds but have no personal advisors to help you out? Click here so I can help you open a mutual fund account NOW! .

P.S. 2. Due to popular demand, my good friend and business partner Jon Orana will be releasing again his online program called the Internet Business Master Class. This exciting online learning program is about creating and selling e-books in the internet. Here’s a FREE 23-page step-by-step guide on how to make money selling e-books including which topics to write. Download this FREE video series to learn more! Click here!

P.S. 3. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@gmail.com if you have any questions. Click here to join!

P.S. 4. My co-author/illustrator Des Feliciano and I have just launched our “The Adventures of Pepot Kuripot and Dora Gastadora” comic book! It’s arguably the first and only personal finance-influenced comic book in the Philippines. You may grab your copy before Christmas at your favorite National Bookstore and Powerbooks outlets. Or you can grab your copy yourself at ilovemilktea in Las Pinas City. Now available also in Australia, Saudi Arabia, Japan, Singapore, and the USA! Email des_feliciano@yahoo.com for more details.

P.S. 5. Yes, our Cyberpreneur Philippines book is now out in bookstores! Check out the chapters from my fellow authors Ray Calbay, Fitz Villafuerte, Ginger Arboleda, Kristel Silang, Marv de Leon, Paolo Lising, Anne Quintos, and other great online entrepreneurs and experts! Score your copy here now!

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