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Drive Your Way Out of a Financial Jam


If you need to make money, fast, it can be a very frustrating and distressing position to be in as most endeavors take time; for instance, with most jobs you have to go through a protracted interview process where you are unable to begin work, and therefore make money, for a few weeks if not a couple of months. 

Then, once you do start to make money you’re not actually paid for a week, a two weeks, or even a month.

When a person is really in a bind, financially speaking, it can leave us feeling desperate and backed into a corner.  It’s times like these that we need to be resourceful, yet often we are in such a state of panic and despair that we allow our emotions to control us – meaning the situation ends up controlling us, rather than us controlling the situation.

The sense of powerlessness robs people of their ability to respond in a practical, rational and logical way to remedy the situation, as people often end up feeling emotionally paralyzed like a rabbit in headlights.

Prevention is often better than cure when it comes to financial situations, but there can be unexpected situations that put you in a desperate position; this article, looks at how to use one of your most overlooked assets as a way to drive yourself out of a financial jam – by using your car.

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1. GET A CAR TITLE LOAN

If you’re in need of a short term cash injection, you could get a car title loan, as whilst these aren’t usually suitable for long term lending they can be a great way to get out of a bind and pay for emergency purchases such as a sudden veterinarian bill or household emergency. 

These types of loans are usually pretty easy to obtain with regard to your credit history, as they are secured on an asset – but if you don’t pay, then you do run the risk of the vehicle being taken by the finance company.

2. DRIVE FOR UBER

Uber can be a great way to make money if you are prepared to put in the hours.  In New York City, for example, working around 30 hours per week will net you around $1,500.  The official average amount an Uber driver earns throughout the US, however, grosses at $24 per hour.

To get an idea of how much money you can make driving for Uber, it might be a good idea to check out this fare estimator at Ridester.com, in order to calculate whether you feel it’s profitable enough for you to get involved as a driver.

There is an application process, so you might not be able to make money instantly, but it is a great way to earn money using your car.  In essence, the rules aren’t too onerous – to drive for Uber you’ll just need to be at least 21 years old and have a car that is no older than ten years old.  You also need to have a clean and full driver’s license, car insurance, a valid social security number, and pass a background check in terms of criminal record checks.

3. BECOME A DELIVERY DRIVER

The popularity of app based food ordering services has created a huge demand for food delivery drivers.  This can be an easy, simple and fast way to get some extra cash – not just from the deliveries themselves, but also in terms of tips from customers.

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