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08-21-2008, 08:55 AM #1Rude and Vile Master
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The Best and Worst Ways to get Fast Cash
http://money.cnn.com/galleries/2008/...mag/index.html
Great run through of possible options. Note the last one in particular... EWW.If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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08-21-2008, 09:00 AM #2Super Moderator
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holy crap. that last one was bad. Never realized they got so much.
Russ
Truck payments:109876 5 4 3 2 1 WAHOO!
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08-21-2008, 09:14 AM #3Registered User
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Holy crap is that interest high! We had a friend if FL do one of these and not pay. We could have beat him because he put us as a reference! I had to threaten the payday company with legal action if they kept calling to ask us where he was and did we know how to settle his debt. GRRRRRRRRRRRRRRRRRRRRRRRRRR
~July 19 saving goal for event $104/$1000
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08-21-2008, 12:06 PM #4Registered User
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Wow, that was quite an enlightening list. Seemed like most of the list said to "borrow, borrow, borrow".
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08-21-2008, 12:14 PM #5Registered User
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Uh Mom... I know you are going to give me an inheritance... can I have it uh... now?
Somehow, I don't see that as an option for many people.
I can't be out of money... I still have checks left!
Momma to the DivaMy Blog: http://more-than-bonbons.blogspot.com
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08-21-2008, 12:31 PM #6Registered User
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At least it gets you thinking. We're buying a house, so we've had to do a lot of thinking about the assets we have and which ones we want to tap. Everything has pros and cons (well, except I agree with the Payday loan thing - I can't think of any Pros...)
Loving wife to DH (8/31/03) and Mommy to Owen Alexander (9/20/06)
Baby #2 due 5/30/2012
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08-21-2008, 06:03 PM #7Registered User
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IMHO this is why we are in such a bad state - I didn't see any imaginative thoughts in this article, either you have money that is locked away and how can you get into it or borrow borrow borrow.
It's this sort of advice that gets so many of us into trouble.
IMHO the best way to earn more money would be to get another job or sell something you don't really need.Debt 1 - Paid in Full (originally $750)
Debt 2 - Paid in Full (originally $2100)
Debt 3 - Paid in Full (originally $3500)
Debt 4 - Paid in Full (originally $4000)
Debt 5 - Paid in Full (originally $3000)
FFEF - Fully Funded with 6 months of expenses as of July 2009
Next Step - House deposit
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08-21-2008, 08:37 PM #8Rude and Vile Master
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Best advice out there so far, missmanny!
If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.
Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"
Greebo(Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!
ThreeTwo mortgages,twooneno car loans,oneno credit cards, and a partridge in pear tree!
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08-21-2008, 08:53 PM #9Registered User
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Um, no!
I was expecting things like ~sell plasma, clean houses. Stuff I've done. Ask the parents, 
Mom to Emma, Spencer, Connor, Lily,Fletcher, Amelia and Adeline.
Mortgage $78,500/$15,200
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anymore emergencies
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08-21-2008, 11:52 PM #10Registered User
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As far as I am concerned this article is relfective of the sort of thing you see in the paper every day - I am in australia and we are no different.
We are all in troubled times and many families are hitting the wall - but the so called "tips and tricks" would do nothing to help the average joe who has limited savings and a lot of CC debt.
Our money section today has a big feature wbout how you should spoil your self with you tax return instead of paying down debt or putting it away for a rainy day. If anyone can tell me how this is sound advice I'd love to hear it. The second article is all about how commercial property is hot to trot and we should all take out loans to purchase some.
In fact, we should all get jobs with the local paper and write money columns, I am sure that we would provide better advice and more proactive solutions then this drivel. There is so much real information to be had a forum like this oneLast edited by missmanny; 08-21-2008 at 11:54 PM.
Debt 1 - Paid in Full (originally $750)
Debt 2 - Paid in Full (originally $2100)
Debt 3 - Paid in Full (originally $3500)
Debt 4 - Paid in Full (originally $4000)
Debt 5 - Paid in Full (originally $3000)
FFEF - Fully Funded with 6 months of expenses as of July 2009
Next Step - House deposit
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