How to get money, get money now, get money fast, get money today. Aren’t they the questions of the ages. There are so many ways to get money and yet we simply never seem to have enough. So the aim of this hub is to go through some of those ways, look at the pros and cons and whether each is a short term or long term strategy.

Before we start, it is important to know exactly why you want to get money. I know this sounds like a silly question but unless you have a quick look at this, you won’t really know what method is going to be of use to you. Here are the questions:

• Why do you need the money – Do you need the money for an emergency like paying the rent or do you need the money for a new car. What you need the money for will determine how much you need.
• How much money do you need – yes I know the quick answer is one million dollars but seriously, the amount of money you need should be enough to cover whatever it is you want to buy.
• When do you realistically need the money – if it’s to pay the rent then you need it fast but if you have a car and are waiting to replace it then you have some time.
• How much time are you going to put into getting money – do you have any spare time to make money or earn money.
• How much money are you prepared to spend to get money – believe it or not, you can actually spend money to get it.
• Who do you know that can help you – these can be professional people or friends and family

Now that you’ve answered those questions, lets look at different methods to get money along with their requirements.

Boring but true – this is probably the fastest and simplest way to get money and it doesn’t cost you any money. You simply turn up, work for a set amount of time and get paid. The great thing about this is the range of jobs you can get – from packing shelves at your local supermarket to professional practice if you have a degree.

Lets not even go here – if you don’t have the money now, then you won’t have the money to make the 17% interest payments.  The only people who can be trusted with credit cards are those that have control of their financial circumstances. For example they don’t need a credit card, they have a budget that they stick to, if they do have a credit card, they are part of the 2% of the population that pays it off entirely each month and so doesn’t pay any interest. If you don’t pass this test, then don’t get one.

A personal loan can be a great way of getting yourself out of immediate financial trouble or buying that car that you suddenly need. In other words it’s a great way to get money fast. Or at least that’s what many people think. I have never taken on a personal loan because the interest rates are exorbitant. Usually the things we buy with personal loans go down in value so not only are you left with the loan but you also end up with a product that is worth less than the loan itself. If you are going to take out a personal loan to get money then make sure you can easily keep up the repayments.

This is a far better option to get money fast. But you can only get one if you already have a property that has spare equity in it. Here is an example: Normally you can borrow up to 80% of the value of your house – once you go over this you have to pay mortgage insurance (which protects the insurance company, not you) and then you can borrow up to 95% of the value of your house. So lets say you have a house worth $200,000 that you owe $150,000 on. You can borrow another $10,000 on an equity loan without paying mortgage insurance. You can then borrow an additional $30,000 if you pay the mortgage insurance (which could cost you up to $6,000). This is a far better way to borrow money because the interest rates are far lower than any other type of loan. Once again it is better to only do this to buy appreciating assets – a car is not an appreciating asset. Also make sure you can pay the additional repayments.

This is a very fast way of getting small amounts of money provided you have something worth selling and are prepared to lose the object you are pawning. Pawn brokers buy objects of value from you for far below their worth and give you a ticket for them. In this way you get money fast but if you don’t return with the ticket by a certain time, they sell your item to someone else.

This is a huge topic so I’ll just cover it quickly. It is a great way to get money. The type of business you start will depend on how much money and time you have to invest and your skill set. It is also not a fast way to get money. Normally it takes considerable time. But not always.

For example, a simple serviced based business to get money is lawn mowing. I know you’ve heard it before but it is a great example of how you can start a profitable business quickly. You can start a lawn mowing business in your neighbourhood and get your first client within a day and have mowed their lawn and been paid within two days.

A simple product based business can come about if you have a knack for seeing good quality in op shops. You can buy some articles for next to nix and learn how to make money on ebay or selling them at the local market. These types of businesses are relatively easy to do and cost little.

Most people really have no idea what internet marketing is. I always thought it was selling products over the internet and that you had to have products to sell along with a website that cost money to set up. But internet marketing or making money online or making money on the internet is far more than that. It should cost you very little to set up but can cost a lot of money if you get the wrong advice. But with the right advice it can be done in such a way that you have the choice of spending time or money. It is also great as a part time business that can be increased over time into a full time income. If you want to know more about this see this link.

This has been just a quick look at some methods to get money or make money. I’ll be adding to this fairly regularly so make sure you drop back in and see what is new.