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Quick Cash From Your Money Tree

Everyone has one and everyone is growing one whether they realize it or not: a money tree. Sure, your money tree may not be the proverbial one where "money grows on trees" but it doesn't have to be far from that either. Your home, your paid for car, your furnishings, your retirement plan, etc. are important parts of that money tree. Let's take a look at how you can shake some quick cash from your personal money tree.

Your Home: Your home has more than likely increased in value if you have owned it for 3 or more years. With this increase in value and the addition of making payments you have undoubtedly built up some equity in your home. Chances are you have more money in your home then you had realized. Take a home equity loan to get some quick cash from this part of your money tree.

Your Car: Sometimes that second car sitting in your driveway, although nice to have, is expensive to maintain. Can you sell it? If so, the monies derived directly from the sale and the funds saved because of reduced car insurance, registration, and upkeep is one more way you can shake your money tree.

Your Retirement Fund: Many people will tell you to never touch your 401 (k). Well, if you borrow from it and repay that amount later, you won't be penalized. In fact, when you shake this part of your money tree to free up enough money to finance a new car, pay for a vacation, make repairs on your home, and more.

Your Excess Furnishings: Sure that spare bedroom full of beautiful unused furniture looks good, but what is it really doing for you? Shoot, the kids are grown and the three other bedrooms are great for visitors. Empty out the furniture in this spare bedroom and sell it to extract some cash from your money tree. Besides, you wanted to have one room for exercise equipment, didn't you?

Your Taxes: For sure that tax return can be a large part of your money tree. Shake your tax software down to look for missing deductions and anything else that can cause your tax burden to drop. You won't see the monies immediately, but when tax time comes you'll have less of a problem with the IRS shaking your money tree.

When you need some extra cash, your money tree, is the undoubtedly an excellent way to achieve the money you need now. So shake that money tree, who knows what other trees will grow? A vacation tree? A new home tree?