How to make money when you cannot get loan

Most people belive that we should have money to make money. They propose loan to fund the new business. Unfortunately, the bank does not give the credit. You may have low credit score because you have not borrow money from anyone. There are no credit score to appraise yourself.
Making money does not need much money, according my business gurur. He suggests the student to not borrow the money. He suggests to use anything that we have and we can sell. One day a coleague wan to borrow money to him. He saw that the colague has motorcyle and expensive gadget. He suggested to sell the asset that they have. He insisted that everyone should sacrifice for theirself because no one will sacrifice for us.

 According to him, the debt will make people bankrupt.

Bake Sale
Sell the bake near your house. You can make brownies, muffin, bread, cake and other. Make sure you sell the sweet and delicious bake. Find the strategic place to sell your bake. Someday, you can open a bake store.
You may add some lemonade. The buyer may thirsty after eat the muffin or brownies. You just need squezee lemon and add some ice cube.

Swapping
Your neighboor may need your service to clean the house. You must be able to swap the house for few hours. Get the payment from your neighbors. The neighbors may need you to cut the lawn.

Tutoring
Some parent need a tutor to teach the kid. If you have knowledge in mathematics or algebra, you can tech those difficult lesson. Some parents dare to pay expensive for it. You may get $70 per hours.
You can teach the kid after work or afternoon. It will not disturb your jobs at the office.

Garage Sale
Why do not sales the used item at your garage. Some neigbor may need your used trident to clean the garden or someone may need your used kid bicycle for their kids. By selling the used items, you it and generate money.

Pawn
Pawn your antique to Big Hoss or Rick. He want to pay your antique high. Do you have some tusk, weapon, stamp, coin, painting, toys, and else? If we want to get high price, you should be able to negotiate with Old Man. He often decrease the price of your antique.
You can buy back the antique whenever you get money. If you have no money, you do not have to come back to the pawn shop again. They might sell your antique.

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Five Things About Loan

You should know that loan is dangerous

A loan sometimes helps some people that need something like things, car, computer, book, etc. Some people could not pay cash for expensive things because their salary is low.

I think we should not think about loan today because we are hard to return the loan. The employee cuts so many jobs. Perhaps we suffer firing too. Of course, the unemployment needs to open a business for their live. Unfortunately, some unemployment use loan because they have no fund.

You should know some information before ask a loan to others. The information is useful to avoid you from bankrupt. The information is:

    You should know what is the purpose of loan

You should know why you loan to others. Some people use loan for needs like education, house, car, furniture, etc. People must need house for staying, car for transport, college for future. Unfortunately, most people has limited money.
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Do not use loan for unnecessary thing like buying a Jaguar, buying a bungalow, etc. You should use a loan for productive things like open a business. Make sure the business could give you return so you can pay the loan.

The global crisis make your salary is decreasing. Our ability to buy anything is also decreasing.

    You should know that you can pay the loan

You could measure your ability of paying the loan. If you feel hard to pay the loan, you should not ask the loan.  A bank will help you to determine the ability paying the loan. They will survey your financial health with notifying your salary, assets, family, child, etc.  For example, your asset is only $10,000. The bank will not lend you for $ 20,000.

If you have no ability to pay the loan, the bank will not give you any loan and reversely. A bank is a profitable oriented company so they will not give you charity.

    You should know what (who) is the creditor

Some creditor asks your guarantee like house, car, land, and other fixed assets. They will seize your asset, if you cannot pay the loan. Bank and other financial institution are selective to give the loan.

Besides bank and financial institution, you can ask loan to people. You can ask people around you like parent, family, friend, etc. They may be kind creditors. Most of people will not charge you with interest and other cost.  Some people offer you with soft loan that does not ask you with interest and cost. My Grandpa said that some people give you soft loan without returning obligation. You can return, if you could get the profit.

Borrowing with people is sometimes easy. If you could not pay the loan, you will break the friendship and fellowship.

    What is the loan

Financial institution offers various loans like personal loan, secured loan, unsecured loans, mortgages, auto loan, equity loan, etc. the loans has different characteristics each other. Mortgages is for the borrower who need house, auto loan is for the borrower who need auto, etc. we cannot use auto loan for house financing and reversely.  The types of loan i.e:

Mortgage loans: a loan for buying house or building

Personal loan: a loan for buying something

Auto loan: a loan for buying car

You should check what loan that fits on your needs. You had better ask soft loan to the financial institution. It will light your loan payment.

    The cost of loan

You should consider the cost of loan. Some financial institution set high interest for your loan. The higher loan will make you difficult to pay it. If you postpone the payment, the interest will grow over many times.

Financial institution also provides fixed rates and floating rates. A Fixed rate is the rates that set stable for example 4 % a year. The financial institution usually set higher interest to fixed rate than the floating rates. A common people think that fixed rate is cheap than the floating rate. In reality, fixed rate could be a cheap cost, if the Fed rate is down.

Besides interest, you must pay some fees like origination fee, administration fee, underwriting fee, appraisal fee, credit report fees, and processing fees.

Golden Rule for Financial Prosperity

Every world citizen wants to financial prosperity. They try to work hard to achieve a financial prosperity. Here is the golden rule of financial prosperity:


1. Stream multiple incomes
The Salary or paycheck that you receive from your boss may be not enough for you. You can find other source to support your living cost. Some employee may find side jobs that they can do after arriving home. The blogging may be also a good ways to stream few dollars.
There is trend in my country; the younger employs prefer to stop working as the employer.
2. Shelter
People who are unable to own the house must be uncomfortable. They have to hire the house or apartment to other people. If the owner expels you from house, you can do anything. They have the house.
In my country, some rich man proud for their much house. They buy so many houses at different place. They rent the house to other people.
3. Vehicle
In Java culture, a man should have a ride. That is why the motorcycle is very salable in Indonesia where the most Java lives at there. They often use motorcycle leases. We just need $50 for down payment and we can pay the residual of the credit on three years. Using motorcycle is very economist. You just need a liter of gasoline a day. However, the motorcycle is high risk. Over 60% traffic is caused by motorcycle.
Having a motorcycle may be not enough for you. A good cheap car can bring you to office. You do not have to buy a luxury car though you have million dollars in your pocket.
4. Avoid debt or loan
A man should not ask the loan or borrow money from others especially consumer debt such as vehicle, TV, and others. If you want borrow to growth the business, you can consider it.
My business guru refuses the loan proposal of his student that require loan. He said that the student should sell the asset that the student had. He wanted to borrow the student if the student has no anything.
The student must be disappointed with my guru but he did what the guru said. He sold his asset such as motorcycle, cell phone, and others. After three years, his business has grown. He has a good car.
From this illustrative, my guru want to teach that we should avoid debt.
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