Freelancing Can Help You Repay Housing Negative Equity

What Is Negative Equity?

Negative equity means that the current value of your home is less than the value of the mortgage that you have taken out over the property to finance its purchase and subsequent borrowings against its value.

Negative equity is one of the most difficult financial events to manage in your life because it causes feelings of anxiety and insecurity. In some countries it has led to personal bankruptcies. Regional Australia that was affected by the mining and the resources boom downturn is one area that has been significantly impacted. However, it is a global problem that will require a global solution and the campaign to change that will come later.

Tips for freelancers on how to combat with negative equity

This article is about how freelancing can help change your financial future by increasing your income. This is especially true if you plan to stay in your house which is in negative equity.

What Are The Problems With Negative Equity That Freelancing Can Change?

  1. Freelancing can help lift your income to reduce your debt.
  2. Online freelancing provides you with access to a global job market provided you have good internet access.
  3. Online training allows you to upgrade your skills that clearly focus on potential self-employment opportunities. See here.
  4. You can readily identify what skills are in demand and target trends that will give you the best income opportunities. See here.
    Recognize at the outset that your main freelancing strategy should have a skill or service that you can be paid for that will be in high demand e.g. penetration testing. However, seek professional advice about your training and the professional association.
  5. Freelancing and retraining are something positive that you can talk to your banker or financial counselor about if you have to relocate for some reason that is unavoidable and you are still in negative equity. Some countries have introduced negative equity mortgages to cope with this change.
  6. Work-life balance and the enjoyment of family life will come under pressure if you have to lift your family income to cope with increased interest rates either due to a general increase in the variable interest rate or a penalty interest rate. The alternative to the freelancing of seeking additional work (a second job) puts a lot of pressure on families compared to retraining and freelancing. This is because freelancers can generally work from home. 
  7. Freelancers have online discussion groups with whom you can share your experiences and seek ways to overcome problems associated with your particular skill set that you choose to develop to increase your income.
  8. With the knowledge that you gain from this website and its associated book How to Be Self-Employed: A Freelance Work from Guide (Kindle Edition) you are better equipped to become a freelancer.

You can read the full review of this book from this page.

  1. Subscribe to our email weekly newsletter to receive regular tips on freelancing. You can do this by following this page.
  2. Join the global Freelancers Union that is based in the United States, but has "Hives" or discussion groups that relate to your particular skill set. I am a member. Joining is free and you can do so by clicking here. You can read about the "Hives" from here.
  3. Form a local Freelancers Group that will allow you to develop and share strategies to deal with negative equity. Here is the link to one such freelancers' group, although not focused on negative equity.
  4. Consider becoming an Amazon Associate and running an online store to generate additional income. Amazon is coming to Australia soon and an important part of their business model is allowing main street people to run a store and promote goods and services that Amazon takes the responsibility to source, service and deliver and pays you a commission. Here is an example of two Amazon Stores that I own: Pressure Washer Today and Snow Blowers Today.

Here is another book which is on amazon associate program entitled AMAZON ASSOCIATE BLUEPRINT: A Step by Step Guide on How to Make Money Selling Amazon Products (Kindle Edition)


Freelancers-Work-Guide.Com is participating in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

Amazon Disclosure: We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites. 

Get important news and free guides to build a better freelancing business.

To Read The Back Issues Of This Newsletter Click HERE

NEWLY PUBLISHED!  Read 'How to be Self-Employed: A Freelance Work from Home Guide' by John Cosstick, the author of this website.  Click on the image to read a sample of the book. . .

How to be Self Employed Amazon Kindle Book



Check Out the Mums Business Directory

Our Recent Articles

  1. Millennials Freelancing Can Help Themselves Save for a Home

    Aug 16, 18 05:43 PM

    Millennials freelancing can help themselves save for a home or reduce their existing mortgage millennials freelancing can help themselves save for a home or reduce their existing mortgage. We show you…

    Read More

  2. Freelancing help families overcome housing affordability & low income

    Aug 13, 18 08:27 AM

    Can freelancing help millennial families overcome the housing affordability and income crisis? This is a global issue and it is about the future of work. Why you should be motivated to have a data bac…

    Read More

  3. Drought-proof your farming business – become a freelancer

    Aug 09, 18 08:27 AM

    Drought-proof your farming business – become a freelancer for a consistent income to help survive tough times. There are ample scopes and farmers can start freelancing with Book keeping, Office manage…

    Read More

Udemy Generic 125x125