If you haven't noticed by now, your government isn't going to do much about your personal economic crisis since you, as an average American, aren't big enough or important enough. You can be allowed to fail. So do you complain about how governments are inherently unfair to the normal person? Or do you look at what you have and make some decisions for yourself.
Here are 5 assets you might have that could provide your own stimulus and you won't have to borrow it from the Federal Reserve System
1. Mortgage note If you sold property, either residential or commercial, and did the financing yourself (seller carry, it's called) then you have a valuable asset. Now you might be happy to have the extra income, but did you know that you could sell some of that note for cash now? You can get lumps sums of money for other investments, medical expenses, vacations, home repairs or whatever you want by selling a pre-determined number of those monthly payments. And then when the time's up, those payments flow back to you.
2. Business note If you sold a business in the last couple of years, chances are you carried the note to do so. That note is producing revenue, but you might like to get a large chunk of your investment now for some other project. There are investors who specialize in helping you sell such notes.
3. Structured Settlements If you settled a personal injury suit with your insurance company through a court settlement, then you are receiving payments based on a plan designed by the insurance company and approved by the court. These plans definitely favor the insurance companies by stretching the payments out over as much as 20 or 30 years. But, regardless of what the insurance company says or even what your lawyer says, you can assign the payments to an investor who will "advance" you a lump sum of money in exchange for receiving a pre-determined number of those monthly payments. When the time is up, you get the payments again.
4. Senior Life Settlements As a senior citizen aged 70 or greater, you may still be making payments on a life insurance policy that will only benefit survivors who don't really need it. In the meantime, you are spending money that could be used for yourself: unexpected medical bills, gifts to a grandchild or the long overdue honeymoon with your spouse. There are investors who will buy these policies and give you a lump sum of cash in return for being assigned as beneficiary.
5. Lottery winnings If you have been fortunate enough to have won a lottery here in the US and chose to take the monthly payments instead of the lump sum, you could sell your winnings for a lump sum even years after winning.
So, if you have one of these assets, let's talk about you setting up your own stimulus plan and telling the government to take a hike!
Tom Dewell has over 30 years of diverse business experience, much of it in Europe. This has included traditional bricks and mortar sales and marketing, small business management and internet marketing. Much of his career was spent dealing with the human aspect of business and providing motivation to his colleagues and co-workers. Early on he learned the value of a mentor and how invaluable they can be in business endeavors and in life in general.
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