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Money & Finance

Florida Home Equity Loans and Other Ways to Get Your Hands on Some Extra Cash

Just over 2 years ago I lost my job thanks to some company remodelling, and as a result I faced financial hardship for the first time in my life. Whilst the first two months of this was incredibly difficult, I knew that I had to find a way to get my hands on some cash, until I could find another job. The first step that I took was to follow a good friend’s who told me that here in Florida home equity loans are good value and relatively easy to attain. A home equity loan is like a second mortgage which basically extracts value from your home which you can take as a lump sum, and then renegotiate your mortgage, given that Florida has something of a housing bubble, homeowners have lots of equity here.

Following my equity loan, I was forced to find other ways to make ends meet until I finally got a job, and here is how I did it.

Freelance Work

The internet is rife with opportunities to make some extra money blogging, or even a stable income and despite my lack of computing know-how, I decided to give freelance work a try. This proved to be a great decision and within just a few weeks I was writing articles for a number of websites online. The freelance sites that you can find have huge amount of job opportunities available from writers to graphic designers, virtual assistants to social media campaign managers, a great way to make some money straight from your home.

Buying and Selling

After selling everything in the house that I no longer needed, I decided that I would start trying to sell some more things online, which I could pick up for a low price. Books are my thing and so I decided that I would start selling books on my eBay page. The way I did this, and you can do it with anything that you like, was to head to thrift shops and markets, armed with my cellphone. Each time that I found a well-priced book, I would scan it on my phone, to see how much they were selling for online, assuming the price was higher online, I would buy the book and then go make some profit.

Connector

My freelance work gave me an idea which turned into a real money spinner, connecting people. How it works is like this, you see a client asking for a freelancer to design a website for them, at a budget of $1000, you bid for the job, and then hopefully you win. When you win the gig, you head to a website such as Craigslist and offer $800 for a new website. Once someone bites on Craigslist, you simply forward them the requirements of your client from the freelance site, and then deliver them their website, they pay you $1000, you pay the designer $800 and you have $200 in your pocket just because you connected people.

There are always ways to make more money, you just need to get creative.


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The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

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PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

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PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

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PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

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Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

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25 Sep 2017

I LOVE Toronto! Miss that place

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Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

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25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

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