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Day to day finance

Day to day finance, Making More

How To Get Paid Today When You Really Need Money

counting cash in hand

There are times when you need money instantly.

We’ve all been there at least once.

When I was starting a business there were a few times I needed to go out and get cash instantly just to get groceries.

If this is your situation I’d recommend seriously sitting down and thinking of how your going to increase your income. But until then lets get you some cash!

1 – Return a recent purchase

I always keep receipts.  It comes in handy when you want to return something and don’t want in store credit.  If you’ve bought something you can even temporarily live without, go return a recent purchase and get cash.

2 – Sell Plasma

You’ve got about 10 pints of the stuff in our body right now. You can give one about twice a week and get paid for your time doing it.

I checked online and plasma donation centers are always offering promotions to get people coming in.  They were offering a promotion today where if you go twice a week they will give a bonus to make $500 your first month.  That’s not bad considering that can really help out. But they also pay cash before you leave.  Call ahead and make an appointment because these places get BUSY.

3 – Go Knock on Doors

There are a number of things you can sell door to door.

3.1 – Window Washing

I’ve done this many times and not just in an emergency. Every summer I  go to Home Depot and get a bottle of professional window washing solution, it’s like $4 so just get it.  And usually get a new squeegee.  I’ve picked up extra tools too like a belt that holds my squeegees and window scrubber, extension poles and a good step ladder.

I know all the neighborhoods in my area with single story houses.  I go around knocking on doors offering to wash windows for $40. I can always get 2 to 3 people to say yes and make $80 to $120 in half a day.

Try it!

3.2 – Get Creative

I’ve considered many things to sell door to door.  I’ve sold satellite TV, security systems, solar, and more but those don’t pay today.

I’ve wandered through dollar stores and found items people would purchase. I’ve thought of local businesses that would offer money if you got a customer for them.  One thing I recently wanted to try was wandering neighborhoods and selling window well covers to home owners, a window company would happily offer you a discount on the product if they knew what you were doing. You go get the sale, collect the money, go back to the window company and pick up the goods and bring them back to your customer. This is called arbitrage.

Hit the Pawn Shop

Probably one of the least desirable options but if you have something of value, they will give you a loan on it. Just make sure you know you can pay them back because they typically wont loan more than 50% of the value.

Back in the day before credit this was how people borrowed money. It sucks but if you need the cash it is available.

Conclusion

This should give you a few ideas if you need money right away.

Do you like this type of article? Let me know and I’ll create more!

Legal Disclaimer:

When providing services for people always be careful to not hurt yourself or damage property. Do not mislead people and make sure they know you are not a business that has insurance and that you are just providing a service because you have a skill and that you are just another every day person.

Day to day finance

How Warren Buffett REALLY Made His Money

Warren Buffett.  So many people talk about this guy like he is the greatest investor in the world, and he might be.  Just in a different way than you’ve heard.

You’ve probably read ALL about:

compound interest

value investing

index funds

Getting rich slowly and more.

Think about it for a sec, did Warren turn 59 and cash out his 401k and Roth IRA after he was frugal his whole life and put away all his extra pennies??

No!

See there are a lot of myths about Warren Buffett.

  • He’s a value investor (he isn’t).

  • He’s a nice guy (he might be but the public “niceness” that we see is a persona).

  • He’s a long-term investor (he isn’t always).

  • He made all his money from investing (he didn’t).

  • He’s a straight shooter (he’s not).

And he’s not your grandpa.

First he ran a hedge fund and collected a lot of fees (A LOT OF FEES)

Next he bought a few small banks. which make more money when you think about it.

After that, he ran an insurance company. The grand daddy of them all.

So what, he was good at running companies. Yeah pretty much. But he was strategic and always made sure he got a great deal.

See how he really came to own Berkshire Hathaway, how he WORKED OVER Goldman Sachs and ALWAYS get the best deal in the rest of the article by James Altucher.

Day to day finance

The App Only Bank Takeover

Cell phone and credit card for mobile banking

All over the world app only banking is taking over.

This is exciting news for a younger generation like me and you.

With more banking options available, they have to compete with each other for our business.  That means we’re getting more benefits by moving to the competition. Some banks are including:

  • no overdraft or late fees
  • higher interest earned on our savings
  • no ATM fees for when you need cash
  • no credit checks or approvals needed
  • better loan terms

and the list goes on and on.

Are App Based Banks Safe?

Absolutely! These new banking options are insured in the same way brick and mortar banks like Bank Of AMerica and Wells Fargo are.  You have just as much protections with all the new banks, but you may want to do a little Googling to check on reviews and verify they are insured.

What app based banks are there?

Stash

Stash started as a way to invest in the stock market without paying fees.  They allow you to start with just $5 too! They are about to launch their banking option.  If you’d like an extra $5 for signing up message me your phone number and I’ll send you a code.

Simple

Simple is a great option because they offer you 2% interest on you money and have extra features that help you save more money.

They even have a “Safe to send” feature that will do the math for you when you wondering if you should make a big purchase or not.  Sounds pretty cool!

GoBank

GoBanks tagline is “No Overdraft fees, no worries”  They are trying to really help the market with nice features like being able to make cash deposits at many Walmart locations.

 

Day to day finance

Bank of America downgrades Video Game makers Because of Fortnite

It looks like Bank of America is having some doubts about video game makers Electronic Arts and Activision Blizzard because of competition from Fortnite which is made by Epic Games.

While the popularity of Fortnite has stayed strong for a while now, Bank of America seems out of touch with the video game industry and how large it actually is.  I wouldn’t pay much attention to Bank of america on this call…


 

Bank of America Merrill Lynch lowers its rating for both Electronic Arts and Activision Blizzard shares, citing competition from “Fortnite” and potential game sales pressure.

Day to day finance

Price-Earnings Ratio – P/E Ratio With Examples

People often want a snapshot of a companies value.  The PE ratio is often the first place people look. If a company has a PE ratio of 20, you can expect that you will need to invest $20 into that stock before you will earn $1 of the companies earnings. As of today 8/25 Costco has a PE ratio of 33.56.  So if I invested $33.56 into Costco stock using Stash or a brokerage, I could expect to get $1 of their earnings. Obviously the lower the PE ratio is, the more attractive it is to an investor. But a high PE ratio is not necessarily a bad thing either. We’ll write more on that soon and add a link to the article here.

The Price-to-Earnings Ratio or P/E ratio is a ratio for valuing a company that measures its current share price relative to its per-share earnings.

This definition provided by Investopedia

Day to day finance

How To Pay Your Capitol One Credit Card With Cash

At some point you might need to pay your credit card bill using cash.

For whatever reason that might be, it IS possible.

Most credit cards come with an app. If you open the app and navigate to the branch / ATM finder.

Once there you will want to search for Bank Branches.

Once you find your local branch you can go there and pay with cash.

But what if there isn’t a branch in your area?

Should you just look for an ATM to make a payment?

No.  Most of the ATM’s you will find don’t allow you to make a deposit.

At this point you will have to find either a Moneygram or Western Union teller.  This option is not cheap but it will let you pay your Capitol One credit card using cash.

Pro tip: Almost every Walmart has a MoneyGram or Western Union at their money services desk.

Here is what you need to do to pay your Capitol One card with MoneyGram:

  • Locate a teller
  • give them the code 1013, They should be able to tell it’s Capitol One at this point.
  • Give them your 16 digit credit card number.
  • There is a fee of $9.99 to make your payment.

Call Capitol One at 1 (800) 227-4825 with your reference number and they’ll make the amount of your payment available immediately.

To make your payment with Western Union

  • Locate a teller
  • They’ll need a city code – CapOne/VA + card number
  • they’ll also need a client id which you can get by calling them at 1 (800) 227-4825
  • Make your payment plus the Western Union fee
  • Keep your reference # if you’d like you make your balance made available immediately by giving it to a customer service representative at Capitol One.

That’s it! It is not the cheapest way to make a payment. You’re far better off making the payment with a connected bank account. But this will work if you need it.

Let me know if this works for you in the comments!