I got no money

Hi, my name is Ka Hoe and I’m the founder of J Advisory and today I’m back with I don’t think this is a Money Misconception but more like a money objection, right? Especially when I begin the process of helping my clients to financially turn around. This is a common question or statement that they use like, Hey I got no money to pay you or I got no money to survive on the next few months hence, I cannot kick start this process. Recently I’ve got a few of these clients that actually came to me or students that actually share this with me. I thought it was a common objection, which I wanted to share with everyone that’s why I made this video for you. And basically I want to share with you three ways of you being able to dig out excess funds or stashed away funds that you could have missed over the years. 

So here’s the first place

Your insurance policy, you know that a lot of people when we start to put all the assets and liability out this is one of the common places that they missed because traditionally you are the type of people who continue to pay on a monthly and daily basis and when the statement comes with you couldn’t begin to understand how to read the statement. So what time you could have saved quite a substantial amount of insurance cash value, which you can withdraw during this time of emergency Of course, we always advise you that if ever you redraw it out in the future when you are bit more stable, you put it back in.

The second place that you need to start looking or digging is CDS account

CDS account is normally for people who have invested in stocks or traded in stocks before and this happened to a few of my students where they invested in stocks and left some money in the CDS account and forgotten about it because many of us, have this habit when we invest in stocks we just leave it there and grow and over time when especially doing this kind of emergency you need to go in and to your surprise that the money in the CDS account could last you, you know, maybe a month or could help you to survive this tough period right. So check it out. Maybe you have some funds there.

Now the third place which relates to the second place is all your old bank account

So many of us actually have opened many bank accounts and over time as we grow older we could have forgotten about it. So you may want to do and sort of like an inventory check to see which of your accounts are still active, then it’s easy for you to withdraw it out. But if it’s dormant and has passed more than seven years, it basically would have gone to unclaimed money. So there is a step-by-step process I will share with you the link of how to do it in this post so that you can actually begin the process which is a bit more tedious compared the first two steps that right, but at least you can actually dig out some funds then now. Here’s the link: 

Before I go I want to share with you one bonus last place that you can actually look for many people are assets rich but cash poor, so potentially if you are the type of person you could actually strategies or change or turn your assets or monetize it into cash or into cash flow. 

Are you asset rich or cash rich? 

So what I mean by that is some of the people who have a lot of assets, but they could be struggling in having a negative cash flow. What are the ways you can do is to sell off some of the assets or they called it pawn or loan it or refinance it right? But of course this requires greater detail of planning and strategizing if you need help do reach out to me because we help many people overcome this situation especially during this crisis that so do share with me which other areas or which are the places that you have found stashed away money or money that you have forgotten right and it is very beneficial for you right now. 

Alright, I hope to see you in the next video. Take care guys.