Traditionally, debt is a bad thing if you’re looking to increase your net worth. After all, debt represents a payment owed to someone. To calculate your net worth, debts and other outstanding liabilities are subtracted from a person’s total assets. But, in some cases, an instant cash loan can increase your net worth. How can you turn the funds from instant cash loans into a boost to your net worth?
First, ask yourself how the instant cash loans will be used.
If you’re looking to raise money so that you can afford a new car, a bigger TV or a fashion upgrade for beach season, I can’t really see a scenario in which your net worth will go up as a result of borrowing money.
But, if you’re willing to invest your loan into something that will go up in value, long after the loan is paid off, you might have an opportunity to do something pretty cool!
Is it time to remodel your home?
Investing in a home renovation can be a great way to increase the value of your home. And, when the value of your home goes up, so does your net worth. The added value of a home upgrade can be accessed via a home equity loan, potentially removing the need to apply for instant cash loans in the future.
Investing in Your Business
“It’s never a waste of time or money to invest in yourself, no matter the source. True wealth begins inward and emits its light outward into everything else, including the people you surround yourself with.” –Will.i.am
By taking every opportunity in your life to invest in yourself, you’ll enjoy the rarest of pleasures: feeling truly fulfilled. In a world that tells us we need things we don’t need to impress people we don’t even like, I prefer to focus on the core foundation of what makes us who we are.
Instead of letting things define you, let your knowledge and experience craft you into someone that’s bigger than a list of possessions. For entrepreneurs and small business owners, the value of creating something of value, of purpose to serve others is incredibly fulfilling.
Utilizing instant cash loans to grow and expand a business is an incredibly efficient way to fund a new venture, or develop a new product. According to a recent study of Australian business owners, the two largest pain points in their professional lives are cashflow and time management. When you think about the amount of time and energy that must be devoted to raising capital, is it any surprise that access to capital can be the single largest factor in predicting a company’s success?
Instant access to capital provides small business owners with the financial tools they need to keep payroll funded, the lights on and customers happy. Funds can be used to cover the cost of advertising, expanding their team or acquiring new equipment.
Creating or expanding a business provides two benefits to your net worth. First, the additional income provides you with the opportunity to invest and save additional funds for retirement. Second, the value of the business grows as revenues and customer-bases grow.
May the Odds Be Ever in Your Favor
One of the riskier ways to turn borrowed money into increased wealth is through investment in stocks and other securities. The ASX offers individuals the ability to invest in thousands of businesses, from start-ups to established, international corporations.
Analyzing securities and understanding their value is tricky enough. But, if you begin to understand the basics of the market, predicting market activity is nearly impossible. There are millions of variables that can impact a stock price. Everything from corporate mismanagement to a heightened potential for terrorist attacks can cause the market to swing wildly.
Investing funds in individual stocks is not for the faint of heart. Yes, some individuals have become overnight millionaires, but most investors see much smaller returns, or worse.
Flipping Antiques and Other Items of Value Using Instant Cash Loans
Playing the middle-man can be very lucrative. Imagine, for example, that you have a friend with 1967 Chevy Camaro. Unfortunately, the car has fallen on rough times and needs cosmetic and mechanical repairs. The good news is that the car will nearly double in value on the open market if it’s in good condition.
Instant cash loans could be used to cover the cost of restoration. By quickly completing the restoration and selling the antique car on the market, you could net yourself a nice chunk of change. Even after the fees and interest are paid on the loans, the remaining profit could make the process of restoring the vehicle worthwhile.
The same principle can be applied to virtually any item of value. If you need instant cash loans to cover the purchase or repair of an antique item, the proceeds from its sale could cover the cost of the loan.
Leveraging an Asset of Value to Secure Approval without a Credit Check
If you, or someone you know needs extra cash, for any reason, HYR can provide instant cash loans against a car, boat, heavy equipment and more. By securing the loan with an asset of value, HYR can skip running a credit check or making the borrower jump through a series of hoops during the application process.
Feeling adventurous? Use the cash you secure to take a shot at increasing your net worth. Or, use it to relieve the financial strain on your family or business. It’s totally up to you.
HYR provides instant cash loans 24 hours a day, 365 days a year. You can have the cash in your hand in less than 30 minutes. The entire process starts with a phone call to one of HYR’s loan specialists. Available 24/7, they can provide a loan estimate before you bring your property to one of their branches. Don’t waste time driving from lender to lender. Give HYR a call and find out what your item is worth today!