Author: Richard Schell
Table of Contents
Part I: Changing Times
Chapter 1: Personal Transitions
The Transitions That Choose You
The Transitions That You Choose
Part Two: Evaluating Your Need
Chapter 2: Cash Flow and Budgeting
The Importance of Cash Flow
Evaluating the Plan
Basic Budget Analysis
Part Three: Raising Quick Cash
Chapter 3: Ask For It
Family and Friends
Hot Lunch Program
Temporary Aid to Needy Families
Earned Income Credit
Chapter 4: Borrow It
Family and Friends
Banks and credit unions
Consumer Finance Companies
Chapter 5: Sell It
Antiques and Collectibles
Brick and Mortar Auctions
Stock & other securities
Traditional and Roth IRA Accounts
529 and Coverdell (Educational)
Chapter 6: Earn It
Part-time Jobs & Overtime
Odd Jobs and Jobs that are Odd
Using Your Creativity and Talent
Become a Landlord
Chapter 7: Find It
Part Four: Making the Right Decision
Chapter 8: Quick Cash Cautions
Car Title Loans
Bargain sales of real estate and collectibles
Tax Refund Loans
Appendix A: Quick Exercises
Appendix B: Resources
Appendix C: 50 Fast Ways to Raise Cash
Appendix D: What Not to Do
Appendix E: Collectible Checklists
About the Author
Credit Card Bills Stacking Up?Everybody needs a little something extra every once in a while.
Sometimes it is for an unexpected trip to the ER, other times it is to pay the gas bill. No matter if your
need is great or small, Quick Cash gives you the tools and information you need to get over today's
financial hurdles.Additional material tells you what not to do during your financial crunch. Valuable tips,
checklists and exercises help you avoid legal troubles and evaluate the long-term consequences of your
choices.An expert puts his proven techniques into one convenient manual. Quick Cash provides
strategies for boosting your cash flow:Ask For It—Uncle Sam has numerous FREE programs for those in
needBorrow It—Pawnshops turn your goods into GOLD in minutesSell It—Don't donate blood when you
can sell it for $Earn It—Dog-walking for DOLLARS and cat-sitting for CASHFind It—A map for BURIED
TREASURE in your own backyardMake informed decisions that alleviate your worries.
When people are asked if they had an emergency that had to be solved in ten minutes, how much time
should be spent on planning, most say they would spend one minute on planning and nine minutes on
action. When the same question was posed to astronauts, they said they would spend nine minutes on
planning and one minute on doing.
This observation has some valuable wisdom for raising cash as well. Planning can be very valuable
because, as the old adage goes, if you don’t have the time to do it right, when will you find the time to do
it over? The first step to successfully raising quick cash is to know your outcome and plan strategically.
This chapter has some specific exercises that will help you to develop the plan, you need to respond to
the challenges you are facing. To have a plan, you have to have a figure in mind that will solve your
temporary cash need. After you have the figure, then you need a deadline.
Setting a goal for a sum of cash uses the same elements that you’ve used successfully in other areas of
life. In addition, good plans have an order and logic to them.
This planning process should also help you evaluate alternative ways you could generate cash. There are
different considerations of cost and time involved if you need to raise $50 until payday, as opposed to
$10,000 for something else. Time spent on getting a true picture of how much cash you need, when you
need it, and what your best available options are, will be time well spent in savings and effort. If you need
$5,000 dollars in three months, that plan will require different resources and actions then will raising $50
dollars by the end of the week.
To develop the picture of what you need, you must start by examining your cash flow.
THE IMPORTANCE OF CASH FLOW
Cash flow analysis involves matching income against outgo. Cash is to a business, what blood is to a
person. This also applies to the little businesses called lives that we all run. Unless you are a monk and
you have taken a vow of poverty, a certain amount of money comes in and a certain amount of money
goes out. That is called cash flow. More than any other factor, cash flow will determine how often and
how much cash you need. The single best way to get a handle on it is to get your checkbook and then
raid an old board game for play money. Pay yourself your normal, expected income and then start paying
bills with the play money. If at the end of the game you have money left after paying all your bills, you
have positive cash flow. If you have run out of money, but still have bills to pay, you have negative cash
flow. That means you are spending more than you are taking in.
Cash Flow Analysis
Sometimes the need for quick cash can be solved in other ways than raising cash. The outcome that you
need right now is more money, the means to get it could be to get more cash flowing in, or it might be to
stop cash from flowing out.
The most essential part of any plan is the documentation and follow through. So, when you’re ready to
begin the planning process, you have got to be able to write down the answers. Writing down the
outcome of what you want to happen is particularly important with cash because it gives you a place to
hang your action steps so that you can really get some traction in achieving what you want.
You have to be able to define your target of how much additional cash you’re going after. Then you have
to ask yourself how you plan to get there. Finally, you have to be able to create an after-quick-cash
scenario that you can live...
Rich Schell is a lawyer, small farm owner, and author. He grew up in Polo, Illinois in a farming family. His
first attempts to raise cash quickly involved weeding thistles and selling pumpkins. Later forays into cash
acquisition have involved activities as diverse as mausoleum sales and freelance writing.<br><br>He has
an extensive background in publishing, including writing, editing, and author representation. He writes and
speaks frequently on legal issues involving intellectual property, agricultural entrepreneurship, and
immigration. His publications include: U.S. Immigration and Citizenship Q&A (co-author), The Illinios
Legal Guide to Direct Farm Marketing, and A Study Guide for Criminal Law and Procedure. He has also
written numerous articles on topics including publishing contracts, business entities, and regulatory
issues for small farmers.<br><br>He holds a B.A. in History and english from Illinois Wesleyan University
and a J.D. from Southern Illinois University. He has studied International Law at the University of Notre
Dame, London Law Campus. A member of the Chicago Bar Association and the Chicago Creative
Inverstors Association, he is also currently Secretary of the Chicago Farmers and sits on the board of
IDEA (Initiative for the Development of Entrepreneurs in Agriculture).<br><br>He is Of Cousel with the
Law Offices of Kurt A. Wagner, a small international law firm with offices in Illinois and Austria. He and
his wife Debbie and son Nathan live in Des Plaines, Illinois.
an live in Des Plaines, Illinois.