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Apache is functioning normally

Want to learn how to make $1,000 in 24 hours? While it’s not as easy as making $100 in a day, you do have some options. Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level. Perhaps you’re looking for extra money…

Want to learn how to make $1,000 in 24 hours?

While it’s not as easy as making $100 in a day, you do have some options.

Some may allow you to make $1,000 right away, and others may mean that you have to build up to reach this level.

Perhaps you’re looking for extra money to pay for an unexpected bill that popped up (like a car repair or medical bill!), or maybe you’re just looking to increase your income by having a $1,000-a-day income goal.

Key Takeaways

  • The fastest way to make $1,000 quickly is to sell stuff from around your home, like electronics, jewelry, or nice furniture.
  • Freelance jobs like consulting and writing can pay a high income.
  • Jobs in the gig economy, like driving or delivering, can make you money right away, and you can stack them with others to increase your daily earnings.
  • $1,000 a day in passive income is possible through starting an e-commerce business, a blog, and selling digital products (like a course or printable).

Best Ways To Make $1,000 In 24 Hours

Here are the best ways to make $1,000 in 24 hours.

1. Sell stuff online and near you

If you want to learn how to make $1,000 by tomorrow, then the fastest option is usually to find items in your home that you already own to sell.

This is because you already have stuff in your home (the average household has over 300,000 items!!) – so you may be able to sell something to make quick cash.

So, these would either have to be a lot of items or more expensive items. For example, you could sell clothing or gift cards, something big like a piece of furniture, electronics (maybe a gaming system or computer?), or a piece of jewelry.

Here are places where you can sell your stuff:

  • eBay: This site is great for unique or collectible items.
  • Amazon: Good for books, electronics, and almost everything. Here’s a helpful article to learn more – How To Work From Home Selling On Amazon FBA
  • Craigslist: The site has a wide range of categories for selling in your local area.
  • Facebook Marketplace: Connects you with local buyers.
  • Pawn shops: Quick cash for things like jewelry.
  • Flea markets: Rent a booth for the day and sell homemade items.
  • Garage sales: Set up a sale in your yard.
  • Poshmark: Easy online marketplace to sell clothing online.

To sell your stuff for the most money, make sure you take clear pictures, write honest descriptions (is there a tear or a stain?), price items competitively, and clean your items to make them more appealing.

And, always remember to stay safe by meeting in public spaces and avoid sharing personal information. With some effort and strategic selling, you can reach your $1,000 goal.

2. Start a blog

Starting a blog is not a quick way to make money, but it can be a stepping stone to making $1,000 in a day.

Plus, it’s my favorite way to make money online. In fact, I earn over $1,000 a day with this blog. So, I know that it is possible (don’t assume that means it is easy – it is not easy, trust me!).

Here are some steps to get started with a blog:

  1. Set up your blog:
    • You’ll want to start by choosing a topic to write about, such as finance, family, travel, food, etc.
    • Purchase a domain name (this is basically the name of your blog).
    • Select a hosting service and install WordPress (you can find my tutorial for this here).
  2. Write blog posts:
    • Write helpful and fun blog posts.
    • Publish a blog post at least once a week.
  3. Monetize your blog:
    • Affiliate Marketing: Include affiliate links in your posts.
    • Sponsored Posts: Partner with brands for sponsored content.
    • Ad Revenue: Sign up for Google AdSense, Mediavine, Adthrive, or another display advertising company.
  4. Drive traffic:
    • Promote your content on social media.
    • Engage in community related to your niche.
    • Guest post on other blogs to find new readers.

I recommend taking my How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

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Want to see how I built a $5,000,000 blog?

In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

3. Freelance writing

Freelance writing can be a great way to make money quickly.

I have been a freelance writer for years, and I also know of many other freelance writers who are able to earn $1,000 in a day. For a freelancer who writes high-quality articles, a $1,000 day is simply a normal day for them.

Sites like Upwork, Fiverr, and Freelancer have plenty of writing opportunities across many different industries. If you can write quality, original content quickly, it’s possible to reach your goal of $1,000 by taking on multiple writing assignments.

You could also try cold pitching, which is where you find businesses that could benefit from your writing services and send them an email about how you can help them achieve their goals with your writing.

To make $1,000 in a day as a freelance writer, you may want to focus on your existing network as well, if you have one. So, this means that you may want to reach out to former clients or colleagues who might need your writing services.

4. Real estate investing

Although real estate investing requires up-front cost and time, you may be able to build up to earning $1,000 a day.

$1,000 a day is $365,000 a year, which some real estate investors are able to earn through methods such as:

  • Renting out a home on Airbnb
  • Flipping properties for income
  • Investing in REITs

And more.

Recommended reading: How This 34 Year Old Owns 7 Rental Homes

5. Affiliate marketing

Affiliate marketing is my favorite way to earn money, and it helps me to earn $1,000+ a day here on this blog.

With affiliate marketing, you are promoting products or services on your website, email list, or social media account. If you get someone to sign up or purchase through your referral link, you then earn a commission.

Most products that you can think of have an affiliate program too, so there are plenty of things you can share.

Think about sharing books from Amazon on your blog, for example. You share a link to a specific book and tell your readers to buy it through your special link. Companies like Amazon like affiliates who bring in good traffic because it helps them make more sales.

Here’s a helpful article where you can learn more: What You Need To Know About Affiliate Marketing For Beginners + How 17 Bloggers Earned Their First Affiliate Income

6. Making money on YouTube

Creating a successful YouTube channel can lead to you making an income. While it’s unlikely to make $1,000 within 24 hours from right now, you may be able to get up to that amount by building a following on YouTube by consistently producing high-quality videos.

I know several YouTubers who are able to make $1,000 each day through their YouTube channel.

Here’s a breakdown of some different ways to make money with a YouTube channel:

  • Ad revenue – Once part of the YouTube Partner Program, you can earn money through ad views on your videos. You’ll need at least 1,000 subscribers and 4,000 watch hours in the past year to join.
  • Channel memberships – Your fans pay a monthly fee for special perks like exclusive badges, emojis, and access to members-only content.
  • Super Chats and Super Stickers – During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages. This is a direct way to earn as you interact with your audience.
  • Affiliate marketing – Promote products within your videos and include affiliate links in the video description. You’ll earn a commission for every sale made through your links.
  • Sponsorships – Companies can pay you to create content that features their products, especially if your content aligns with their brand, and you have an engaged audience.

7. Drive with Uber or Lyft

Driving for a rideshare service such as Uber or Lyft can make you money, but it might be difficult to make $1,000 in one day. It can help you to reach a $1,000-in-24-hours goal, though, by stacking it with other side hustle opportunities.

Also, there are things you can do like focusing on high-demand areas and driving during peak hours to increase the amount of money that you can earn.

I know of several people who only drive for these gig apps when they know that they are able to make the most amount of money. This is because you may be able to earn hundreds of dollars extra each day or week by timing when you drive.

Here’s a strategy to boost earnings:

  1. Drive during peak hours – Surge pricing during busy hours means higher rates.
  2. Look for driving bonuses – Look out for streak bonuses and other incentives. Uber or Lyft will list these in the app.
  3. Manage your car expenses – Keep track of your gas, maintenance, and other costs to maximize profits.
Peak Times Potential Earnings Boost
Rush Hour (AM/PM) Increased Surge Pricing
Weekend Nights In Nightlife Areas High Demand, More Rides
Events (concerts, sports games, etc.) Surge Pricing, Bonuses

To reach your goal, you should know about your city’s traffic and when people need services. Getting $1,000 in a day is tough, but with a good plan, hard work, and a bit of luck, it’s something you may be able to work toward.

Other gigs related to this include driving for Instacart, Doordash, Uber Eats, and other food delivery services to earn cash. They won’t earn you $1,000 in a day, but they can be another way to make money.

8. Sell printables on Etsy

Designing and selling printables on Etsy, such as planner pages or art prints, is a creative way to make passive income. While reaching your goal of $1,000 quickly might be a challenge, growing your Etsy store can lead to long-term earnings.

I know of several successful printables sellers, and it is something that I would like to start one day as well. This is an area that I think will just continue to grow. Printables are very popular these days, and more and more people use them all the time. I personally buy printables all the time, and I find them very easy to use and helpful.

Printables are digital items that you can download and print at home, such as grocery shopping checklists, budget planners, wedding invitations, wall art, and more.

I recommend signing up for the Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

Recommended reading: How I Make Money Selling Printables On Etsy

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

9. Sell your engagement ring

Selling jewelry, such as an engagement ring, can lead to you making money fast for when you need money right away.

If you really need the money and don’t mind parting with your engagement ring, then this may be an option for you to look into.

The value of your ring will depend on several factors, including the 4 Cs — cut, color, clarity, and carat weight — of the diamond, as well as the metal type and current market conditions.

One company I recommend looking into is Worthy.

Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. They take care of everything, including appraisals and getting payment from the buyer.

You send your jewelry to them using a label they give you, and it’s insured. They put your item up for auction, and professional jewelry buyers can bid on it (you can set a minimum price). After the auction, you get the sale amount minus Worthy’s fee.

It usually takes around 2 weeks for the whole process, from sending the ring to getting paid.

Pawn shops and local jewelers are faster, but they might not give you the best prices. Selling online can make more money, but it takes longer with the auction process.

Recommended reading: How To Sell An Engagement Ring For The Most Money

10. Look for Craigslist gigs that pay

If you’re aiming to make $1,000 in a short span of time, you may be able to find quick jobs on Craigslist. Most of these will be one-time jobs, but there may also be full-time or part-time jobs.

To find Craigslist gigs in your town, just go to Craigslist and look for the “gigs” section.

Here are some jobs I found through a quick search:

  • Help loading and unloading a moving truck
  • Help with painting a home
  • Pet sitting and dog walking
  • Taking online surveys
  • Delivery driver
  • Data entry
  • Turning photographs into digital copies
  • Transport and install a microwave 
  • House cleaner

Related reading: How I Earned $655 From Random Craigslist Jobs In One Month

11. Rent out your unused storage space

If you have extra space at home, you can rent it out to people in your area for storage. This could be a garage, driveway, closet, basement, or even an attic.

While reaching $1,000 in a single day would definitely be a stretch, renting out your space could give you a long-term income that you stack with other jobs on this list to make $1,000 a day.

You can use a website called Neighbor to list any extra space you have for rent, and you could make up to $15,000 per year.

You can also learn more about Neighbor at Neighbor Review: Make Money Renting Your Storage Space.

12. Consulting

If you’re really good at something, like business or marketing, selling consulting services can make you a good amount of money. You can charge more because of your expertise, and it’s doable to reach your $1,000 goal by taking on a few well-paying consultations.

I know several consultants who are able to make a very high income, in fact.

Companies hire consultants to get outside knowledge, a fresh viewpoint, and handle specific issues better.

Here’s how to start selling consulting services:

  1. Identify Your Expertise – What are you good at? It could be marketing, finance, management, technology, or any other area where people seek expert advice.
  2. Set Your Rate – Determine an hourly rate that reflects the value of your consultation. As a point of reference, if you charge $250 per hour, you would need to book four hours of consulting to meet your goal.
  3. Network – Reach out to your professional network and let them know about your consulting service. Recommendations can go a long way.

13. Ask for a raise or for more hours

Talking to your boss about a raise might not get you $1,000 in a day, but negotiating a higher salary can be a good long-term strategy to make more money each year.

When approaching your employer about a raise, preparation is key.

  1. Demonstrate your value – Before the meeting, compile a list of your accomplishments, contributions, and any additional responsibilities you’ve taken on.
  2. Research market rates – Know the industry standards for your position and experience level to set a realistic raise request.
  3. Time your ask – Ideally, schedule this conversation after a significant achievement or during a performance review.

Another way to increase your income at the job you already have is by working overtime. If you are paid hourly, you can see if your employer needs you to work any extra.

14. Sell an online course

If you know a lot about something, you can make and sell an online course. Websites like Teachable and Udemy let you create, host, and sell your course. While you might not make $1,000 right away, getting students over time can bring in a good amount of money.

I have an online course that I sell, Making Sense of Affiliate Marketing. I have also taken many online courses, such as on helping my toddler get better sleep, speech therapy for parents, business courses, blogging courses, and so much more.

And, these are all created and run by people like you and me.

There are many other things you can teach in an online course, such as:

  • Painting
  • Music lessons
  • Fitness and exercise
  • Time management tips
  • Parenting
  • Languages
  • Computer programming
  • Personal finance
  • Traveling
  • Photography and photo editing
  • Plants and gardening 
  • Baking and cooking
  • Arts and crafts
  • Dropshipping

And so much more!

How Can I Get A $1000 Loan Within 24 Hours?

So, after reading the above, maybe you realize that you need $1,000 quickly and the above won’t work out for you fast enough. If that’s the case, then a loan may be another option to look into.

If you need a $1000 loan in 24 hours, first look at your options. Check if you can use your own things for quick cash. If not, check out personal loans and other ways to borrow money, but be aware that quick loans like these typically have very high interest rates that can be hard to pay off.

1. Assess your credit score: Your credit score plays an important role in your interest rate and terms of a personal loan. Generally, a higher score increases your chances of getting approved for loans with lower interest rates.

2. Explore online lenders: Some online lenders offer loans within a day, so you can get a $1000 loan in 24 hours. Fill out an easy application and compare the terms and payment choices from different lenders to pick the best one for what you need.

3. Look for short-term loans: If time is really important, you may be thinking about short-term loans like payday loans or title loans. They usually get approved faster, but keep in mind, these loans almost always have high interest rates and shorter times to pay back, so please be as careful as you can. You don’t want to go into some crazy debt that you will never be able to pay off.

Frequently Asked Questions About How To Make $1,000 In 24 Hours

Below are answers to common questions about how to make $1,000 in 24 hours.

How can I make a quick $1,000?

To make $1000 quickly, you can start by thinking about selling things you don’t need. Everyone has stuff in their home that they aren’t using – start with those items!

What are the fastest ways to earn $1,000 online?

Some of the fastest ways to earn $1,000 online include:

  • Freelancing with your skills, such as writing, designing, or coding
  • Affiliate marketing through your personal blog or social media channels
  • Creating and selling digital products, like ebooks, graphics, or courses

This really depends on what your definition of fast is. Some of the above income streams will take longer than others, of course.

Which passive income streams can pay $1,000 quickly?

While passive income streams typically take time to build, there are some options that can make $1000 quickly, such as with:

  • Rental properties, if you own an empty space or have a spare room in your home that you can rent out
  • Dividend-paying stocks, though you’ll need a very large amount of money invested to make that kind of money in a single day
  • Online courses or subscription-based services

The initial setup might take time and effort, but the long-term rewards could be worth it. Learning how to make $1,000 a day in passive income is possible, but it would require a lot of up-front legwork to get you there.

Recommended reading: 18 Passive Income Ideas To Earn $1,000+ Each Month

Which freelance jobs can generate $1,000 within a day?

Earning $1000 within a day of freelancing is ambitious, but it’s possible through high-paying gigs and opportunities like:

  • High-ticket sales or consulting services, where you share valuable advice and expertise
  • Technical jobs, like IT consulting or software development, if you have in-demand skills
  • Creative projects with tight deadlines, such as writing marketing copy for advertisements, web design, and graphic design

Learning how to make $1000 in 24 hours online through freelancing is possible, but it will take you some time to get to this point.

How To Make $1,000 In 24 Hours – Summary

I hope you enjoyed this article on how to make $1,000 in 24 hours.

While some may earn you $1,000 in the next 24 hours (such as selling an expensive item that you already own – like jewelry or a gaming system), others may take you time to earn $1,000 in a 24-hour time period.

Some on this list may be a full-time job, and others may be part-time or even one-time odd jobs (such as on Craigslist).

Getting $1,000 in a day might seem hard, but with the right plans and effort, it is doable. Whether you have a surprise expense that you need to pay for, want to boost your savings, or simply just want to start making more money, making money at this level is possible.

Have you ever needed $1,000 fast? What have you done to make $1,000 quickly in the past?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

Over the past two years, travelers have packed airports, hotels and destinations with a fervor that earned the post-pandemic trend a label: “revenge travel.”

Demand from leisure travelers soared at hotels in 2022 as travel restrictions subsided. This year, Americans flocked to popular European cities faster than they did in 2019. From June to October 2023, TSA recorded seven of its 10 busiest days ever at U.S. airport checkpoints — and then the all-time single-day record for passenger traffic was set on Nov. 26.

Now, there’s a lingering question as 2024 approaches: Might revenge travel finally end?

Industry leaders split on the future of revenge travel

Ask 10 people in the travel industry, and you may get 10 different opinions.

At one end of the spectrum, some airlines continue to report that travelers are more than willing to pay for high-end business class seats, especially on long-haul overseas flights.

“Our core customer base is in a healthy financial position,” Ed Bastian, CEO of Delta Air Lines, said during the company’s most recent earnings call (a sentiment United Airlines executives noted on their third-quarter earnings call, too).

Some hotel executives are echoing the optimism. Despite economic uncertainty, “The consumer is still generally holding up well,” said Leeny Oberg, Marriott’s chief financial officer, during the company’s November earnings call.

But other companies are starting to notice some changes.

Some airlines have reported decreased demand in recent months, contributing to financial losses. For instance, Southwest Airlines is pulling back on plans to keep growing its flight schedule in 2024, noting leisure travel trends have looked less strong and more like pre-pandemic times in recent months.

“There is no doubt that there is a slowdown occurring,” says John Grant, chief analyst at travel data firm OAG. “We’re talking about a softening. We’re not talking about a nosedive.”

Reasons revenge travel may not last

Consumer costs mounting

Though inflation has cooled from its peak in June 2022, many everyday expenses such as groceries and rent remain more expensive than before the pandemic.

Plus, consumers now face high interest rates, resumed student loan repayments and, for many, a smaller pandemic savings cushion, says Cara McDaniel, a professor specializing in macroeconomics at Arizona State University’s W.P. Carey School of Business.

“Life is looking a little less affordable,” McDaniel says. “People, even if they are OK, might not be feeling the urge to splurge. So I imagine that’s going to drag on travel.”

A return to ‘normal’

There’s also the theory that a return to more traditional routines is inevitable.

“People traveled more frequently, or spent more on extravagant vacations after being unable to do so during the pandemic. Now, most travelers are reverting to regular travel spending habits,” Emmy Hise, senior director of hospitality analytics at data firm CoStar, said in an email.

She noted that hotels at popular U.S. vacation destinations started seeing demand slide this past spring — though while still outpacing 2019.

Why revenge travel could stick around

More approachable travel prices

According to NerdWallet’s most recent Travel Price Index, the overall cost of travel in October was down about 2% from the same month in 2022, helped primarily by cheaper airfare.

As airlines have hired staff and brought planes back into service, the supply and demand equation is more favorable for consumers than it was a year or two ago.

During this fourth quarter of 2023, the eight largest U.S. carriers are flying with nearly 17% more seats compared with the fourth quarter of 2021, according to airline scheduling data from aviation analytics firm Cirium.

To entice travelers to buy tickets, Southwest executives told analysts they’ve had to offer cheaper tickets on less crowded days like Tuesdays and Wednesdays. Other airlines (particularly low-cost carriers) have offered steep discounts and promotions of late, too.

For travelers, more approachable prices could be reason enough to book another trip.

Bucket lists still unsatisfied

Several industry leaders have also cited an enduring willingness from consumers to spend on travel and sacrifice other purchases instead.

Michael Daher, vice chair and U.S. transportation and hospitality leader at consulting firm Deloitte, said in an email that his team has tracked an “overall decline in financial well-being” over the last year, including still growing concerns about savings.

But, he added, the company’s survey data also suggests consumers hope to travel nonetheless, perhaps merely electing to fly on a cheaper ticket type, like basic economy.

“We may be moving from ‘revenge travel’ to a period of reprioritization that values travel highly,” Daher said.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

Source: nerdwallet.com

Apache is functioning normally

Barron’s said in its latest cover story that Wells Fargo is the bank “most likely to find the safest, fastest route through the U.S.’ dangerous credit mess.”

The weekly magazine noted that Wells was stronger than most big banks for a number of reasons, including less exposure to subprime mortgages, a smaller capital markets operation, the only bank triple-A rated by both major credit agencies, and one that hasn’t had to turn to foreign investors for help.

Last year, the nation’s fifth largest bank ranked number one among the top five U.S. banks for return on equity and return on assets, despite trading at around 10 times 2009 earnings forecasts recently, Barron’s said.

The mag added that Wells relies on its retail platform to cross-sell, providing greater benefits to its already existing customers while offering a wide array of products that hedge exposure.

Wells CEO John Stumpf noted in the article that diversification was the key if banks wants to stick around, saying one-trick ponies like Countrywide probably won’t be around long.

“It’s the death of the monolines,” Stumpf told Barron’s.

Instead of chasing after subprime offerings, Wells took a more calculated approach, reducing the max loan-to-value ratio on many products while eliminating other higher-risk loan programs as the other big banks got more aggressive.

Despite the caution, Wells Fargo was the biggest retail mortgage originator last year and the second largest mortgage servicer, but its financial results were a far cry from those of Countrywide’s, thanks in part to its avoidance of exotic loan programs.

“With German banks buying these subprimes that we wouldn’t touch, it was no wonder it blew up,” former CEO Dick Kovacevich told Barron’s. “It’s just a stupid bubble that you have to work through.”

Barron’s also interviewed Goldman Sachs’ Managing Director Lori Appelbaum who believes the stock could gain as much as 15 percent in the next 12 months.

Shares of the mortgage lender were up 17 cents, or 0.57%, to $29.86 in midday trading on Wall Street, still well off its 52-week high of $37.99.

Read the full article here. (subscription required)

(photo: MiguelVieira)

Source: thetruthaboutmortgage.com

Apache is functioning normally

U.S. thrifts lost a record $5.24 billion in the fourth quarter of 2007 thanks to the ongoing mortgage crisis, the Office of Thrift Supervision (OTS) reported today on its website.

Roughly $4 billion of the overall loss was attributed to goodwill write-downs by a few select thrifts, and another $2.2 billion was due to a restructuring charge by a single institution.

During the quarter, thrifts also added a record $5.1 billion in loan loss provisions to cover bad loans, up from $1.6 billion in the fourth quarter a year ago

“These are difficult economic times and I expect our thrifts to continue to bolster reserves appropriately for the loan losses anticipated in 2008,” said OTS Director John Reich.

“The provisions in the third and fourth quarters of 2007 will position our thrifts for these events,” he said.

“The bottom line, as performance this quarter shows, is that the economic distress in the mortgage market is an earnings issue and not a capital issue for our industry.”

Total mortgage origination volume for 2007 was $716.1 billion, up 12 percent from last year, but off 10 percent in the fourth quarter from the third quarter.

On a positive note, thrifts accounted for about 31 percent of all 1-4 family originations in the U.S. during the fourth quarter, up from 16 percent in the same period a year ago.

About nine percent of total originations were adjustable-rate mortgages during the quarter, down from 12 percent in the same period a year ago, while the refinance share of originations climbed to 48 percent from 39 percent a year ago.

It’s all about the fixed mortgages these days…

Unsurprisingly, delinquencies for most loan types increased throughout the year, with the largest increase in 1-4 family mortgages and construction loans.

As of the end of 2007, $20 billion in loans, or 1.32 percent of assets were past due by 30 to 89 days, compared to just $10.5 billion, or 0.75 percent of assets, a year ago.

The OTS supervises powerhouses like Countrywide Financial and Washington Mutual, to name but two.

(photo: phatman)

Source: thetruthaboutmortgage.com

Apache is functioning normally

LO Technology, Broker PPE Products; Training and Webinars This Week; 3.7% Unemployment

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LO Technology, Broker PPE Products; Training and Webinars This Week; 3.7% Unemployment

By:
Rob Chrisman

7 Hours, 19 Min ago

“What do you call James Bond having a bath? Bubble 07.” In different bond matters, mortgage rates will always be higher than Treasury rates, in part because of the prepayment risk in mortgages that doesn’t exist with Treasury bonds. With the drop in rates, sales management personnel at lenders are busy figuring out how best to remind the staff about EPO (early payoff) penalties levied by investors while at the same time working on ways to save money besides furloughing, cutting staff, outsourcing, and re-doing vendor contracts. The recent decline in rates and increase in applications is welcome: According to Curinos, November 2023 funded mortgage volume decreased 11 percent YoY and 10 percent MoM. In the Retail channel, funded volume was down 22 percent YoY and 10% MoM. The average 30-year conforming retail funded rate in November was 7.45 percent, 25bps higher than October and 85bps higher than the same month last year. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures, and drills into this data further here.) Today’s podcast can be found here, and this week’s is sponsored by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite’s three core products, nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics, unite the people, systems, and stages of the mortgage process. Hear an Interview with nCino’s Ben Miller on incentive compensation data and origination cost reductions that are separating profitable from unprofitable companies in the mortgage industry.

Lender and Broker Products, Programs, and Services

Loan Vision exclusively serves the mortgage industry by providing software built by the mortgage industry for the mortgage industry. With Loan Vision, customers see improvements of 30%+ decrease in days to close the books, 20%+ reduction in accounting headcount, complete LOS to G/L automation, and improved reporting and visibility. Interested in learning how Loan Vision can help you run a more efficient and profitable company? Contact Carl Wooloff to schedule a call today.

When Encompass Lending Group set out to reimagine its borrower experience, it chose LiteSpeed by LenderLogix. “We understand every borrower is different. Our services are custom-tailored to every borrower, and we thought our technology should reflect that,” said Encompass Lending Group’s Paul Marsh, EVP of National Sales. Read more about their implementation here.

Seems like there is “AI” everything now. Washing machines, clothing, cookie dough? One place you should deploy AI is in helping your customers find their best opportunity. LoanCraft now offers its ViLO technology via an API (patent pending). ViLO is a virtual loan officer technology that asks your customers questions about their goals and needs, and provides offers along with tailored English-language recommendations. The API lets you easily incorporate this into your consumer facing technology, or LoanCraft will build your front end for you. Regents Financial is using ViLO, so you can see how it works here. Contact Jessica West at LoanCraft for more information.

In this market, hustle is everything. You can’t afford to waste a single deal, or a single minute. That’s why ReadyPrice has launched Shop, Lock, Deliver, an innovative platform designed to help independent mortgage brokers and their lenders save time and money. Now you can shop competitive loan offerings from multiple lenders, get rate lock guarantees in real time, receive underwriting findings, and deliver the borrower’s complete loan file to lenders, all on a single platform, at no cost to brokers. It’s already helping brokers around the country thrive and compete in the toughest market. Multiple lenders. One platform. Zero b.s. Come check us out today. ReadyPrice gives you the ability to manage your lenders, search loan product pricing across the wholesale channel, and deliver loans to the lender of your choice.

Events, Training, and Webinars

A good place for longer term conference planning is to start is here, and click on “events” for conferences in the future.

Today, December 8, is the next episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. Listen to Rich Kuegler with Stewart Title!

Chief Sales Officer at Deephaven Tom Davis will join Rob Chrisman on a webinar you won’t want to miss. In today’s market, originators need Non-QM to fully serve borrowers and to stay competitive. Learning how to utilize and market Non-QM isn’t difficult when you partner with the right lender. Please find out how easy it is by joining the webinar on December 12th! Register now.

Tuesday, 12/12, is the next Mortgages with Millennials with Kristin Messerli and Robbie Chrisman. Tune in every Tuesday at 1PM ET to the weekly video show designed to empower mortgage professionals to tap into the millennial market. This show demystifies the psychology of first-time homebuyers and offers strategies to win more market share with a key segment of the market. Sign up for a weekly reminder with the link to join and a sneak peek into the next episode. Next week’s guest is Catalina Kaiyoorawongs, Founder and CEO of LoanSense.

Have you registered yet for LIRC23? Discover the newest developments in legal and regulatory compliance for residential lenders. Join California MBA at the Irvine Marriott Hotel on December 11 – 12 for the 2023 Legal Issues and Regulatory Compliance Conference. This is your opportunity to hear from some of the nation’s top industry experts and learn about the hottest topics. You’ll be informed and empowered, don’t miss out.

What are the forces that will shape the 2024 economy and real estate market? Find out at the Real Estate Forecast Summit: The Year Ahead on December 12, 1-2 p.m. ET. NAR’s Dr. Lawrence Yun and Dr. Jessica Lautz are teaming with expert economists and thought leaders to review 2023 and discuss their expectations for 2024. They will cover the residential and commercial markets, plus demographic and market outlook data. There is no cost to attend, but you must register in advance.

“As 2023 comes to a close, empower your financial strategy with insights tailored for lenders. Join CWDL for a webinar on Tuesday, December 12 as we recap the year in accounting and tax and identify what action you need to take before the year ends. Our mortgage banking experts will review tax legislation passed in 2023 and what’s coming for 2024, share tips to get year-end financials closed accurately and efficiently, discuss preparing for your audit, review HUD and GNMA reporting requirements, address going concern analysis, and more. Reach out to Kasey English to register for this free webinar, and emerge with actionable insights to take advantage of these last few weeks of 2023.”

Vince Furey, SVP of Sales for MeridianLink, has some valuable market insights and strategies that can help your credit union not only survive but also thrive in this changing landscape. Don’t miss the upcoming ACUMA Inside Track webinar on December 12th at 1 pm CST, where you can learn how to capture and serve this important market segment and take your mortgage loan program to new heights.

Wednesday the 13th, looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2:00 PM EST/11:00 AM PT is a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements. Listen to a unique mix of age perspective, expertise, and charisma to the screen, ensuring that the information is not only educational but also entertaining. Next week’s guest is.

Dec 13, at 12:00 PM PT, will be a webinar to learn about innovative approaches to recruiting loan officers in the mortgage industry. Heidi Iverson and NAMBA’s Tony Thompson will explore data-driven recruitment strategies with Mobility Market Intelligence (MMI), a powerful tool for Mortgage Lenders.

Join Curinos home equity experts Richard Martin, Ken Flaherty and Kinley Hicks on December 13th as they debut their new national home equity market forecast and discuss how home equity could impact growth initiatives and balance sheets in 2024. Register now.

Our very own MBA has some webinars, including California’s Corporate Climate Data Accountability Act, MBA on December 14.

For a deeper dive into Pennymac TPO’s new product and how to position it with your borrowers, contact your Account Executive, and register for their Power Your Business Webinar, “Home Equity Seconds Product Overview,” on December 14 at 10am PT/1 pm ET.

The Knowledge Coop’s new membership platform offers all state and federal Continuing Education courses in an engaging and exciting video format that you’re sure to actually enjoy. Want to give yourself a sharper competitive edge? They also offer in-depth training on specific topics like VA Loans and FHA within their Coop Academy. Get access to industry experts and connect with other mortgage professionals all in one space. Use Code Chrisman10 for 10 percent off your first year of membership here.

Join in for “Hot Topics” with the Single-Family Housing Guaranteed Loan Program. Free, Live, virtual training for all USDA lenders and real estate agents. Don’t pass up the opportunity to say YES to more potential clients. Embrace the GUS recommendation, Thursday, December 14, 2-3 PM ET.

National MI posted its upcoming December 2023 webinar sessions. December options include the following: Income Case Studies ​​​​​with Marianne Collins – December 12th at 1pm ET. 2024 Business Planning for Purchase Business with Bruce Lund – December 13th at 2pm ET. Maximize Your Relationships: The Art of Annual Mortgage Reviews with Rebecca Lorenz – December 14th at 1pm ET.

This month, catch up on the latest underwriting and processing trends at your convenience with Arch MI’s online videos and podcasts. Choose Arch MI’s wide range of course offerings that cover the essentials for mortgage professionals. On the 14th, the co-authors of HaMMR Digest, Arch Chief Economist Parker Ross, and Director of Real Estate Economics Leonidas Mourelatos, present their assessment of the market environment, where rates and home prices are heading, and the implications for mortgage professionals in the new year. Register for Arch MI Housing Update Webinar on December 14 at 1 p.m. ET.

Friday, December 15th, is next week’s episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”. Hear from MGIC’s Terry Aikin!

Capital Markets

As job markets loosen and employers are not as quick to hire, investors are betting on when central banks across the globe will begin rate cutting cycles. Yesterday’s private payrolls from ADP printed lower than analyst expectations ahead of today’s release of the November jobs report. Thoughts that the Fed is done tightening helped mortgage rates drop closer to 7 percent, the lowest level since August, according to this week’s Primary Mortgage Market Survey from Freddie Mac. 30-year fixed mortgage rates have fallen 76 basis points since the end of October.

Today brought the November payrolls report where forecasts didn’t see all that much variability from October. November nonfarm payrolls registered 199k versus 186k expectations. The unemployment rate came in at 3.7 percent when it was seen holding steady at 3.9 percent. Average hourly earnings were when the number was seen increasing 0.4 percent month-over-month and 4.1 percent year-over-year versus 0.2 percent and 4.1 percent previously. Later today brings preliminary December Michigan sentiment, which is expected to tick up modestly. We begin the day with Agency MBS prices and the 10-year yielding 4.25 after closing yesterday at 4.13 percent (the 2-year is up to 4.71) after the employment numbers.

Employment

“Freedom Mortgage is seeking the best Account Executives nationwide. We understand the best are not just product experts but, also relationship builders. We seek industry leaders. Freedom Mortgage Wholesale believes Account Executives are vital to our success. Freedom Mortgage has been creating success for 30 years. Our people and processes are time-tested giving us trusted stability, no matter market conditions. Our deep roots throughout the mortgage industry provide confidence for the future. Freedom Mortgage is 4EVER Wholesale. Join our strong group of Account Executives who average 15 years in industry and 10+ years at Freedom Mortgage. If you are the best and want to work with a financially stable company to build your future, contact us.”

Newrez Wholesale is thrilled to announce the appointment of Divisional Vice President John McElhone to the Inaugural Corporate Board of Directors for NAMB (National Association of Mortgage Brokers®). “For 50 years NAMB has been the leading voice for the mortgage industry, and I am proud of the organization for creating its corporate board of governors as it will increase NAMB’s impact on the industry,” said McElhone. “Thank you to NAMB for inviting me to join the board and I am eager to bring my decades of experience I’ve obtained in my professional career to each and every day.” Way to go, John! Learn more about the new corporate board.

“Are you a go-getter who embraces hustle and strives for growth? Are you passionate about helping others on the path to success? If you answered yes, we want you! Kind Lending is seeking knowledgeable Wholesale Account Executives with experience in the mortgage lending space. As one of the fastest growing mortgage lenders in the country, we’re building an upbeat and collaborative team that strives to put people first in everything we do, infusing happiness around every corner. Our people believe kindness matters and a client’s positive experience is everything. Join the #kindmovemovement and come grow your business with an expanded product offering and best in class operational experience! Contact: Delfino Aguilar, SVP TPO Production, 619.726.0377.”

JMAC Lending, an industry-leading TPO lender for more than 25 years, has hired Eric Yang as Executive Vice-President of TPO Sales. Formerly VP of TPO Sales at Pennymac, Yang will lead JMAC’s team of Account Executives for both wholesale and correspondent. “Eric’s business approach aligns with our company mission and values: trust, teamwork and integrity,” JMAC Lending’s President Christina Pham said. “We are excited to have Eric lead our growing sales team, where we will continue to provide excellent support to our lender partners, especially in this unique market environment.” “Eric can navigate complex market landscapes and deliver results,” Pham says. “He has a deep understanding of the industry, and we are confident that his expertise will elevate our sales operations.” Start lending with JMAC today! Click here join JMAC and sign up for marketing and rates, or contact sales. Let’s grow your business and fund more loans in 2024.

Thank you to Julie Cooper who reminded me that, in the Northwest, “State Departments of Commerce Housing Divisions or Housing Departments are hiring folks versed in mortgage, title, escrow and real estate. County and Municipal Departments of Community Development and non-profit housing developers in Washington State are hiring in record numbers, as well, developing affordable multifamily, single-family housing for ownership and rental. Julie observed, “I think one way forward for our industry is private/public partnership. These developments, acquisition and construction projects need mortgage companies to help with homeownership, especially those who can do community land trusts and every transaction needs a title insurance policy and escrow provider. Ultimately, we are all stakeholders in housing and it’s really cool to be part of these innovative programs.”

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

Apache is functioning normally

Are you looking for the best consignment stores near you and online? Consignment shops are great places to find really nice, secondhand things that cost much less than when they were brand new. You can find clothes, furniture, or valuable older items. These stores have a lot of good quality, used things just waiting for…

Are you looking for the best consignment stores near you and online?

Consignment shops are great places to find really nice, secondhand things that cost much less than when they were brand new. You can find clothes, furniture, or valuable older items. These stores have a lot of good quality, used things just waiting for someone to find them.

And, consignment shops can be a great place to sell your stuff too, and make some extra money.

I have personally worked at a secondhand shop when I was younger for several years – so I understand how great they are, especially when it comes to being able to make some extra money.

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This free workshop will teach you how to get into the flipping business. It will teach you how to resell furniture, electronics, appliances, and anything else you can find.

Key Takeaways on the best consignment shops

  • Consignment stores are a great way to sell your stuff for cash
  • There are many stores, both on the internet and in person, where you can sell your stuff
  • Some favorite places to sell clothes include Poshmark and Plato’s Closet. For jewelry, Worthy is a great site to sell on. Decluttr is super easy if you want to sell electronics, like a cell phone or a game system.

What Is A Consignment Store?

A consignment store is a retail store where you can buy and sell gently used items, such as clothing, jewelry, furniture, and more.

Why Sell At Consignment Shops?

Selling at consignment shops has many positives.

It’s a good way to clean up your closet or home in a way that’s good for the environment because you’re recycling and reusing things instead of just throwing them away.

You can also make some extra money from things you don’t use anymore. It’s also really easy because the consignment store takes care of everything, like deciding the price, advertising, and talking to customers.

What items do consignment stores accept?

Consignment stores accept many different kinds of items, such as:

  • Clothing: dresses, tops, pants, jackets, and shoes
  • Accessories: jewelry, bags, belts, and hats
  • Furniture: chairs, tables, sofas, and other household items
  • Toys, games, and collectibles

Recommended reading: 8 Items To Sell Around Your Home For Extra Money

What percentage do most consignment shops take?

The consignment shop usually takes a percentage of the selling price, which can be anywhere from 30% to 60%.

So, if your item sells for $50, you might get between $20 to $35, and the store keeps the rest. This fee helps the store pay for things like rent, utilities, advertising, and paying their employees. When you sell your items through a consignment shop, they do almost all the work for you, which saves you a lot of time and effort.

Many of the stores below will pay you up front for your items, and some will pay you after the item sells. I do realize that traditionally a consignment shop is one that pays you AFTER the item sells, but I didn’t want to limit this blog post to just that – as getting paid up front is, of course, quite nice.

Recommended reading: How I Made $40,000 In One Year Flipping Items

Best Consignment Stores Online To Sell Your Stuff

Below are the best consignment stores online to sell at.

1. Poshmark

Poshmark is an app and website that has a marketplace for gently used clothing, shoes, bags, and jewelry. You just take a photo, list your item, and make extra money.

Recommended reading: 20 Best Places to Sell Shoes Online And Near You

2. Decluttr

Decluttr is a great place if you want to sell old electronics like phones, tablets, and gaming systems.

Decluttr gives you a free shipping label. Just pack your items in a box and send them to Decluttr. They take care of the shipping costs, so it’s easy for sellers.

Recommended reading: 11 Best Ways To Sell Used DVDs Online And Locally

3. thredUP

ThredUP is an online store that sells clothes and accessories for women and kids. All you have to do is ask for a Clean Out Kit, send in your items, and thredUP takes care of everything else.

4. Facebook Marketplace

Using Facebook Marketplace is an easy way to sell things to people located near you. It makes it easy to find buyers for items like furniture, appliances, and clothes.

5. Worthy

Worthy sells wedding rings, loose diamonds, earrings, necklaces, bracelets, and luxury watches. Their team handles everything from appraisals to receiving payment from the buyer.

You simply just send in your jewelry to them using a prepaid and insured FedEx label they provide. When they receive it, your item is then put up for auction where professional jewelry buyers can bid on it (you can choose a minimum price you’re comfortable with). Once the auction ends, you’ll get the final sale amount after Worthy takes their fee.

The whole process usually takes about 2 weeks from sending the ring to getting paid.

You can sell your jewelry on Worthy by clicking here.

Recommended reading: How To Sell An Engagement Ring For The Most Money

6. eBay

eBay is a popular selling site that has been around for a long time and is used all over the world. You can sell pretty much anything and everything, from clothes to special collectibles.

I have sold many items on eBay over the years, mainly clothing. But, I know people who have sold anything from collectible toys all the way to classic cars on eBay successfully.

7. The RealReal

The RealReal is a high-end consignment online store that sells luxury items, such as designer clothing, shoes, and jewelry. You can earn up to 85% of the selling price for your items.

8. Mercari

Mercari is an online marketplace where you can sell clothing, electronics, and collectibles, and it is a really popular choice with over 350,000 listings posted every day!

Listing your item is easy – just upload photos, pick a category, set your price, and you’re all set. Mercari takes a 10% commission fee.

9. Chairish

Chairish is a site where you can sell your furniture and home decor and they charge a commission based on how many things you list.

They also have a program called Chairish Drop Off & Go. You can print a shipping label provided by Chairish, then drop off your item at a nearby UPS Store when it sells. You don’t even need to pack it – UPS will take care of that for you.

Recommended reading: 15 Best Places To Sell Used Furniture For Cash

10. Grailed

Grailed is a marketplace for men’s clothing, and they mainly sell high end and streetwear brands. You can post any item for free and if an item sells, Grailed charges a commission fee of 9%.

11. Craigslist

Craigslist is a great way to sell items to people near you, and you can quickly list items like furniture, appliances, and clothing without paying any fees. I have sold many items on Craigslist over the years, such as tires, clothes, and even a Jeep hardtop (these show that anything can be sold on Craigslist!).

12. Depop

Depop is an app for shopping and geared toward younger customers. You can sell all sorts of things, like clothes.

13. GOAT

GOAT is a site where you can sell high-end sneakers. The commission fee is 9.5% plus a seller fee for a seller in good standing.

14. Vestiaire Collective (formerly known as Tradesy)

Vestiaire Collective is a website where you can sell designer clothes, handbags, and accessories for women. They make it really simple to list your items, and brands that they sell include Louis Vuitton, Gucci, Chanel, Prada, Hermes, and more.

15. Kidizen

Kidizen is a site for selling and buying kids’ clothes. If you have children’s clothing that you’d like to sell, this is a great place to start if you want to sell online.

16. Rebag

Rebag is an online consignment store that sells high-end designer handbags as well as shoes, watches, apparel, and other accessories. They buy items and pay up front.

Best Consignment Shops Near You To Sell Your Stuff

Here are some of the best local consignment stores for you to check out.

17. Plato’s Closet

Plato’s Closet is a popular store that sells trendy, gently used clothing and accessories for teens and young adults. Plato’s Closet is also one of the most popular consignment shops that pay cash up front too.

I personally worked at Plato’s Closet when I was younger for around 5 years, so I have both bought and sold items and paid cash up front. I have probably sold thousands of dollars of clothes to Plato’s Closet over the years!

18. Buffalo Exchange

Buffalo Exchange is a popular chain of secondhand stores in the U.S. where you can both buy and sell lots of different types of clothes and accessories. You get 25% of their selling price in cash or 50% in store credit for anything they’re able to buy.

19. Crossroads Trading

Crossroads Trading sells clothing, shoes, and accessories at their brick-and-mortar shops in California. They pay cash up front or you can choose to get a little more in trade-in credit.

20. Wasteland

Wasteland is a high-end clothing shop that sells new, gently used, and vintage women’s and men’s designer clothing. They pay cash up front of 30% of what they price the item at in their store.

21. Uptown Cheapskate

Uptown Cheapskate is another great store for selling clothing and accessories.

22. Once Upon A Child

Once Upon A Child sells gently used children’s clothing, toys, and equipment (such as strollers). They don’t typically pay a ton, but they also price things relatively low.

23. Music Go Round

Music Go Round is a great place for musicians to buy and sell used musical instruments and gear. Due to the typical higher price of musical items, they usually pay with a check.

24. Play It Again Sports

Play It Again Sports sells sporting goods. From team sports (such as baseball and football) to fitness equipment (like weights and even treadmills), you can trade in your stuff at Play It Again Sports.

25. Guitar Center

Guitar Center buys used musical instruments, such as guitars, amps, drums, keyboards, and more.

26. Awoke Vintage

Awoke Vintage sells vintage clothing items at their in-person secondhand shop as well as on their Instagram. If you have vintage items to sell, this is a great place to start with.

27. Beacon’s Closet

Beacon’s Closet is a New York store where you can sell clothing and accessories. You can sell items by bringing it to their store or mailing it to them. They pay 30% cash or 50% store credit of what they price the item at whether you sell it to them by mail or in person.

How To Find Local Consignment Shops Near You

There are many more local consignment shops other than just the list above. Here are some easy ways to find the best consignment shops near you:

  • Search online – The easiest way is to search on Google, Yelp, or on your phone’s map using words like “consignment shops near me” or “local consignment stores.” There are probably several near you that you may not know about.
  • Ask your friends – Ask your friends, family members, or coworkers for advice on local consignment shops they’ve had good experiences with.

Remember, when selling at local consignment shops, you should check their policies on what items they take and the process for buying or selling. You’ll also want to see when they look through items, as some may not purchase items on Saturdays or in the evenings, for example.

Recommended reading: Everything You Need To Know About Selling Your Stuff For Cash

Frequently Asked Questions

Below are answers to common questions about how to find the best consignment stores to sell at.

Is selling to a consignment shop worth it?

Selling to a consignment shop can be worth it if you have items that are in good condition and if you’re looking for an easy way to make extra money.

What are the best consignment stores for clothes?

The best consignment stores for clothes depend on what you’re looking for. For example, if you want to sell your clothes quickly and get cash up front, then Plato’s Closet is one of the easiest. If you’re looking to make a little more money, then selling your clothes online on Poshmark or eBay may earn you a little more, but these types of sites do require a little more work from you (such as taking pictures and actually shipping the clothing items).

What should I know before selling to a consignment shop?

Before selling your items to a consignment shop, you should know their rules. This includes finding out how long they’ll keep your items (will they try to sell the item for a month? A year?), how much of the sale price they’ll take, and when you’ll get paid (do you have to chase them for payment?).

What’s the difference between consignment shops and thrift stores?

The main difference is in how items are obtained. Thrift stores sell items that they receive from donations, while consignment shops buy items for resale (not through donations).

How can I maximize my earnings from consignment sales?

If you want to make the most money from consignment sales, pick a store that’s known for selling the kind of things you have and is popular with buyers (this helps because they probably sell items a little quicker!).

The Best Consignment Shops Near You And Online – Summary

I hope you enjoyed this article on how to find the best consignment shops online and near you.

The shops mentioned above are known for being easy and trustworthy when selling your items. They have an easy process and a way to get cash either up front or after the item sells.

Pick the consignment shop that suits you best and start making money from your stuff.

What’s your favorite consignment shop to sell at?

Source: makingsenseofcents.com