Goals You Can Accomplish With Your Lump Sum
There are many reasons you may choose to sell your payments from your structured settlement for a lump sum. Here are just a few:
Become a Homeowner or Upgrade Your Space
Home ownership is something that many Americans aspire to. When you purchase a home, you’ll have a sense of pride in a place that you can truly call your own. You won’t have to answer to a landlord or worry about restrictions on having long-term guests or owning pets. If you already own a home, maybe it's time to make some changes. You can use your lump sum to renovate the kitchen, bathroom, or any other room in your home that is overdue for some TLC. You can even upgrade your home to include extra rooms for an expanding family, or for aging parents to move in. The possibilities are endless.
Become a Business Owner or Invest in Your Business
Few things are as gratifying as being your own boss. Not only can you pursue something that you’re truly passionate about, but you can operate things your way, on your schedule. If you’re ready to start a business and just need the capital to get it off the ground, the money from your lump sum can help you do just that. Current business owners can re-invest in their business by purchasing new equipment, hiring more employees, or tackling a new project that you may not have had the funds to do previously.
Free Yourself From Debt
Imagine the immense feeling of relief you’ll experience once you no longer have to worry about debt from bills, credit cards, and other expenses that may have accumulated over the years. Selling the payments from your structured settlement can help you get out of debt faster, giving you more money to spend on the things that matter most.
Expand Your Knowledge
Every parent wants to provide a better future for their child and help them attend the school of their dreams. Affording a quality education becomes easier when you have cash on hand from selling your structured settlement payments. If you’ve been yearning to go to college or trade school to prepare for a career, now could be the perfect time to get started. With a certificate or degree in hand, you can finally work in the field you’ve always dreamed of and network with other like-minded professionals to make lasting connections. Plus, you can increase your earning potential, which can allow you to achieve other life goals that previously seemed unattainable.