Of all things that can cause stress, none are quite like our money situation. The problem with finance-related problems (or even just worries) is that it seems like they rarely, if ever, go away; it’s an all-consuming issue. However, while there aren’t any magic bullets when it comes to solving these issues, there is something that could help: you may have more money than you think you do. A lot of this will be wrapped up in untapped sources. We’ll take a look at how to reveal that cash below.

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In the Drawers

Most of us are guilty of buying more stuff than we really need. We buy and buy and buy, to the point where our homes are overflowing with things that we don’t necessarily need (or even want). Take a look in your drawers, and you might just find that you have many goods that you could sell for a significant amount. Go through, figure out the items that you don’t need, and then look at listing them online for sale. Within a week or so, you might have earned the equivalent of a month’s pay.

What You’re Owed

We tend to think that the only source of cash is through our jobs, but that’s not really the case. There’s a lot of money in the world, and some of it may be owed to you. For example, if you were injured and it wasn’t your fault, then you may be entitled to financial compensation. However, it’s not as if that money will automatically come your way: you have to fight for it. The best personal injury lawyer can help you to get the money that’s rightfully yours. You will also want to see if there are any tax credits or other state money that you’re entitled to.

Daily Expenses

If you’re one of those people that reaches the end of the month and always thinks, ‘where does all my money go?’ then it’s worthwhile digging a little deeper, and seeing where exactly your money goes. For example, many of us spend more money than we realize on things like coffee and takeout food. Individually, these things don’t cost too much — but collectively, they can add up to a pretty penny. Just by cutting down on these expenses, you’ll find that you have a lot more money in your bank account.

Putting Your Assets to Work

It could be that you’re actually fairly wealthy — it’s just all your financial worth is tied up in your home or car. If you want more cash in your life, then put these assets to work. You could rent out a room in your house, for example, or offer rides in your car (such as to work).

Earning Potential

Finally, take a look at your earning potential. If you’re currently underpaid, then you’re more valuable than you’re currently being paid. If that’s the case, talk to your boss about getting a raise — if you’re worth it, they’ll give it. You can only ask!

Many investing gurus talk about how recessions are the best time to invest. Currencies are in freefall, and stocks are in decline, providing ample opportunities to pick up a bargain.

But there’s a problem with this idea. It assumes that you have cash available.

“Buying the dip” is one of the great ironies of investing. Right at the moment when assets are at their cheapest, you don’t have money in your bank to snap them up. You want to take advantage of the low prices, but you can’t. It seems like you have to bite the bullet and watch the opportunity pass you by.

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But do you?

In this post, we’re going to take a look at all the ways that you can invest if you have no cash. Some of these are high-risk strategies, so consider yourself warned. Also, this does not constitute advice. It is merely some thoughts on how you might make money when your bank account is relatively empty.

Bet The House

If you have a mortgage and a house, then it is likely that you have built up a considerable amount of equity. One option, therefore, is to go to the bank and take out an equity release plan. You can then use this freed-up cash to invest in other assets that are on sale right now, such as stocks. Remember, it is likely that stocks will recover faster and further than house prices in the coming months and years. So, by the end of the process, you should be in a much better position financially.

Lever Up Your Forex Account

Even if you don’t have much money in your forex account, you can always approach your forex broker and ask for leverage.

The concept here is simple. You borrow money to take advantage of opportunities in the market, and then you pay it back out of your winnings. The idea, therefore, is similar to equity release, except here the loan is unsecured. The organization managing your trading account sends you extra cash. You then attempt to make money on the foreign exchange markets. And then when you do, you pay them back.

Of course, if you decide to go down this route, you need to understand what you’re doing. If you don’t, then you could see the value of your investment fall, making it more challenging to pay back the original loan. If, however, you have a track record making money on the currency markets, then, by all means, lever up. It could amplify your returns.

Buy Part-Shares

Buying a single Google or Amazon share is expensive. Just one slice of the pie can cost you more than a thousand dollars. A lot of people just don’t have that kind of cash lying around.

Now, though, you can buy these stocks via a third party. That organization buys up a bunch of shares and then sells ownership rights to part of them. When you issue a sell order, they give you “fair value” by selling out of cash reserves or liquidating their holdings.

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If there’s one thing that most of us can agree on it’s that the modern world can be a pretty stressful place. There’s no real shortage of reasons for this fact but the truth is that there’s one thing that brings more stress to more people than just about anything else. That thing is, unsurprisingly, money. Whether many of us like to admit it or not, the reality of the modern world is that money really does dictate a great deal of what we can or can’t do with our lives. This means that it’s a factor that most of us have to consider pretty much all the time no matter what we want to do. Of course, the truth is that there will always be certain situations that cause money to become an even bigger issue in many of our lives. A lot of these situations can even become serious problems that go well beyond the general feeling of financial anxiety that many of us experience. With that in mind, here are just some of the most common reasons why you might end up in financial trouble and how you can go about dealing with them.

Unemployment

When it comes to throwing your finances into disarray, one of the scariest and most common is suddenly finding yourself unemployed. After all, unemployment not only has the potential to throw your current financial situation into chaos but it also has the potential to impact your ability to earn any money in the future. One of the most important ways to deal with this is also one of the most common solutions for any financial difficulty: give yourself a safety net. If you’re suddenly without an income, having some money put away in a savings account puts you in a position where you’re no longer going to have to panic about not having enough money to pay any urgent bills. The other thing you need to do is to avoid letting unemployment knock you back too hard. It’s incredibly important that you start looking for something new as soon as you can. Moping isn’t going to do you any good. Having an up to date resume means that you can start applying for new jobs a whole lot faster than if you were starting from scratch.

Injury

Suffering any kind of accident or injury can be one of the most traumatic experiences in anyone’s life. Not only is it an incredibly scary event in and of itself but it can also have a pretty long-lasting impact on your life. After all, if you’re injured then you may not be able to work, not to mention the potential for things like medical bills to pile up. Once again, having some money put away in savings is a great way to ensure that you can get the back on your feet, financially speaking, right away. It’s also a good idea to look into whether or not you’re entitled to any kind of compensation if your injury resulted from something that wasn’t your fault.

Having a balance on your credit card

Credit is something that’s just a natural part of everyday life for most of us. The modern financial system basically relies on credit and a lot of the time it’s necessary for things like getting a mortgage or being able to finance a car. However, having a constant balance on your credit card not only means that you’ve got some debt hanging over your head but it can severely damage your credit score. The best way to deal with this is not to panic. Look at ways that you can increase the amount that you’re paying off from your credit card on a monthly basis and avoid using it at all until it’s paid off. Sure, it’s likely to be a source of stress for a time, but once it’s dealt with, that’s a serious weight off your mind and your wallet.

Irresponsible spending

Far too often, people find themselves in financial danger for the simplest possible reason: they’re spending too much. Now, this doesn’t necessarily come from a lack of responsibility on their part. Often it’s something that happens accidentally. The best way to avoid it is to ensure that you don’t let those little purchases build up over time. That might sound simple but it’s something that can happen to even the most financially responsible people if they’re not careful.

Legal issues

Whatever the reason behind it, having to deal with any legal issues can be both incredibly stressful and seriously expensive. The best way to make sure that it doesn’t totally drain your bank account is to connect with the right professionals, whether that’s a defense attorney or a company like Bad Boys Bail Bonds. By having the right legal support you’re not only more likely to avoid serious consequences, but you can keep your finances in a much more stable position too.

One of the most common issues for a lot of people is that they feel as though they’re stuck in a position where there’s nothing that they can do about any financial difficulty that they find themselves in. However, that’s simply not the case. Remember that you’re never totally powerless. There are always places you can turn for support. From debt-based charities to the people in your life, being willing to ask for help when you’re in financial trouble, whatever the cause, is one of the most important things that you need to be able to do in the modern world. The other common issue that a lot of people run into is that they try to hide their heads in the sand and ignore any potential financial problems that they might be facing. It’s pretty obvious that this is a mistake but it’s surprisingly common due to the sheer level of anxiety that money problems can cause. Because of that, the most important thing that you can do is to make sure that you always face any financial issues head on. As scary as it can be, hiding from them is only ever going to make them worse.