Prosperity Treks

Where to Find Cash to Reduce Debt, Invest or Other Financial Need

When you need cash to reduce debt or to invest you’ll have it if you’ve followed a disciplined financial security plan that gives you the cash to tap into your accumulated assets when needs or opportunities arise. If you want to advance your education, make a major purchase, invest in a business or take care

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Special Situations: Live Within Your Means: Cash From a Reverse Mortgage

This is activity 25 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Consider the advantages and disadvantages of a reverse mortgage.
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

What is a Reverse Mortgage?

From the AARP website

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Cash Flow: Live Within Your Means: Cash From a Reverse Mortgage

This is activity 24 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

The activity: Consider the advantages and disadvantages of a reverse mortgage.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

What is a Reverse Mortgage?

From the AARP website “A reverse mortgage is a special type of home loan that

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Special Situations: Live Within Your Means: Cash From a Life Settlement

This is activity 24 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Consider the advantages and disadvantages of a life settlement.
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

A life settlement, or senior settlement, as they

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Cash Flow: Live Within Your Means: Cash From a Life Settlement

This is activity 23 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

The activity: Consider the advantages and disadvantages of a life settlement.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Moderate

A life settlement, or senior settlement, as they are sometimes called, involves selling an existing life insurance policy to

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Special Situations: Live Within Your Means: Cash From a 401(K) Loan

This is activity 23 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Consider the advantages and disadvantages of a 401(k) loan.
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Easy to Moderate

Sometimes the true lender of last

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Cash Flow: Live Within Your Means: Cash From a 401(K) Loan

This is activity 22 of 31 in the Improve Cash Flow in Prosperity Quadrant I trek.

The activity: Consider the advantages and disadvantages of a 401(k) loan.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
This activity suitable for: Families exploring options for cash to reduce debt.
Difficulty rating: Easy to Moderate

Sometimes the true lender of last resort is ourselves. If you have a 401(k) or other retirement plan

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Special Situations: Live Within Your Means: Manage the Income Stream

This is activity 14 of 30 in the Special Situations in Prosperity Quadrant IV trek.

The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
The trek: To improve cash flow and use net worth to supplement income.
This activity on the trek: Manage the income stream to improve your cash flow.
Difficulty rating: Moderate

Your Income Stream

Your income stream has three sources:

Income from your job;
Income from borrowing and adding to debt;
Income from

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