Your Wristwatch Can Save You during Emergencies

You can always prepare as much as you want but emergency will catch you off guard. That is why they are called emergencies, that is why accidents happen. All your plans prove to be ineffective during those moments. These are the moments when you need money, support and connexions. While the last two are soft skills, getting money is tricky. You can think of approaching the banks but a loan disbursement process takes approximately a week at a bank and during the emergency moments, you hardly have a few hours or may be a day to grab some money.

You might have some investments but liquidating any investment, in the properties, in equity and shares, in fixed deposits takes times and moreover, you might need to pay a high sum for withdrawing the money before minimum lock-in period. Your only option would be borrowing from friends and if that fail, borrowing from lenders. You can borrow from pawnbrokers if you place a valuable item as collateral. You can pawn branded purse and handbags, gold, silver, jewellery and watches, among others. If you are unsure, you simply ask them, could I pawn my watch? Most definitely they will say yes, if your watch is branded and costly. That's it, you can give the watch, get a receipt, sign a document which mentions the borrowed amount, repayment terms and conditions and some legal words. The whole operation would take no more than 30 minutes. The best thing is that you don’t need to sell your watch off.