When big corporations are looking to lower debt and boost profits, one of their primary strategies is to sell assets. They sell divisions, product lines, inventory, equipment. You can do the same on a smaller scale. What possessions do you have that might be valuable on the open market? Which could you part with if it meant financial security? Your boat? Second car? Second home? Time share? Art or jewelry?
To get the most for whatever you're selling, you need to know what it's worth. If it's truly valuable (think $5,000 or more) you should have it appraised for your sake and for tax purposes. If it's a household item that's not worth having appraised, you can get an accurate idea of fair market value by seeing what similar items are selling for through classified advertisements or on eBay.
If you find you have nothing big of value but lots of little things to sell, there's a solution as American as apple pie...
Have a great garage sale.
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