How to Ask Millionaires for Free Money

Are you wondering how to ask millionaires for free money? If you've seen the multitude of YouTube videos by individuals asking for free money or heard the story of Craig Rowin, who not only asked for but received a million dollars, you might think it's an easy way to get some cash to help pay bills or bail you out of an unfortunate life circumstance.

However, if you don't know who to ask or how to make the request in the right way, your chances of success are slim. Here's what you need to know and do to increase your odds of getting your request for free money granted.

Ways to Ask for Monetary Help

Digital Options: Using the Internet is one way to broadcast your message to the largest possible pool of potential donors. Whether you opt for uploading a video, posting on blogs or cyber begging sites, or mining your social network, remember this: The larger the scope of exposure for your message, the greater your odds for success.

While the Internet puts you in front of the most people at the lowest possible cost, it may not be your best method for contacting those wealthy individuals who give away money to needy people. It may come across as too impersonal or a digital take on traditional pan handling.

How to ask millionaires for free money

Snail Mail: If you write letters to rich people to ask them for money, you can personalize each letter to the individual. You can include photographs and documents to substantiate your need. For instance, if you lost all your possessions in a house fire, you could take photos of the damaged residence. If your local newspaper wrote an article about your loss, you could put that in your letter as well. Using a traditional method like the mail may give you more options and alternatives than using the Internet does.

How to Ask for Free Money

Whether you opt for a digital or conventional mail message, there are certain elements your message must contain to get the results you want. Be sure to include:

1. Introduction: Explain who you are and what happened. For example, "I was in a car accident that totaled my car and kept me out of work for eight months. Because I couldn't make my rent payments, I lost my apartment and need to move to more affordable housing."
2. Evidence: To continue with our example above of an accident, in this section you can reference or provide copies of the police report, insurance claims, medical bills, eviction notices and so forth. Be truthful and provide as much information as you can to back up your claims.

Be willing to provide documentation of hardship (if you are making an individual request) or project information if you are soliciting money for a group or organization. Offer a tax exempt number if you have one and a receipt for tax deduction purposes (for group requests for donations).
3. Amount needed: Rather than a generic "I need money to pay my rent or mortgage" request, be specific. "I need $1525 to make deposits and move into a new place."
4. Use of funds: List the ways the money will be used:

  • $150 deposit for electricity
  • $25 deposit for water and sewage
  • $250 security deposit for apartment
  • $1000 for the first and last month rent in advance

5. Call to action: In sales, this is called the close or asking for the order. "I must be out of my old apartment and into the new one by the end of this month. I need to receive the funds by the 15th of the month to make all the arrangements. Is there any reason why you can't help me in my time of need?"

Use this format as a guide to write your letters asking for free money. Be sure to proofread your letters carefully. Reading them out loud is an excellent way to spot grammatical errors or awkward sentence structure, or you can ask someone to read and proof the letters for you. The key is to be sincere and truthful while keeping your dignity. Almost everyone has been in a tough situation at some point in their lives, and there is no shame in asking for help when you need it most.

How to Find Millionaires

Now that you have your letters ready to mail, you need to find some rich people to send them to. Use names from the Forbes website, newspapers, or television of professional athletes, celebrities or business people. However, don't be surprised if your request is denied as high-profile people like Warren Buffet, Donald Trump or Oprah get more requests for money and donations than they could possible honor. Most of these wealthy people donate money to groups and organizations or their own non-profit foundations rather than private individuals.

Does that mean you should not try to reach these people? Not at all, but it does mean that in addition to contacting high profile donors, you need to do your due diligence in looking for other rich people with a track record of helping out the needy. You might be surprised to find out how many millionaires are living very quietly with no public fanfare in your geographic area or even your hometown.

Other Alternatives to Try

In addition to looking for rich people who give money away for free to help with bills, be aware that there are many local, state and federal assistance programs for those in need of financial or other assistance. Contact your local human or social services organizations, churches or religious groups for information about the kind of help that may be available. You might also want to find out about holiday assistance for low income families.

On the flip side, avoid being scammed by websites offering to sell lists of millionaires who give away money or ask you to pay to make a request for assistance. There are people and organizations who regularly help people in financial straits, so if an offer sounds too good to be true, it probably is. Check out credentials and make sure you are dealing with trustworthy groups and individuals.

Be persistent and keep sending out your letters and making your requests. It may take some time, but if you don't give up, you have a better chance of getting the help you need.
 

Resources: Barth, Chris "Want a Million Dollars? Just Ask for It," Forbes

Image: Jeinny under royalty free license via SXC

 

1 Comment

Written by paulabeam, 339 days ago.
My name is Paula Beam, I am a 45 year old female. Through the past few years I have been a victim of Domestic Violence. I did all I could legally. This did not stop the violence. On March 10th, 2013, I was again attacked. This almost cost me my life. After being beaten with a rifle, knocked unconscious. The attack continued, he walked away and left me for dead. He was sitting 5 feet from me. I awoke 4-5 hours later. Unable to breath due to the severe blood loss and that I was aspirating. I some how got to my feet and ran to the bathroom. He was right behind me, he seemed surprised that I was alive. I could not believe what I saw. There was absolutely no Left eye socket, my eye was completely hanging out. Although my face was swollen I could feel nothing on the left side of my face. Every bone was shattered. My nose was flat and a bone was pre.truding between my eyebrows. I screamed out in pain and disgust. I begged him to call for help. He said no. He began stripping me of my clothes saying he had to wash them. I knew then I was not gonna make it out. He was finally going to kill me. After he led me back to the living room, I noticed the time and realized I had been unconscious for 4-5 hours. He then told me to call my sister and tell her I wasn't coming home. I refused. He had the rifle loaded and cocked. He said before he went to jail he would kill me the himself. After what seemed to be forever, he took a shower. He had hidden all the phones, and since I could barely see I knew he would catch me before I could get to a door. God willing I happened to find his old phone, I prayed it had power. Knowing I had seconds before I would be caught. I knew I could not make it through another beating. The phone came on, I dialed 911, said my name, the address, that he was armed and threw the phone before I got caught. After the Police arrived, he was arrested and I was sent to St.Louis University Hospital. I know have to plates as ee sockets and 2 more plates in my face. they hd to rebuild my nose. I have lost sight in my left eye, I suffer from PTSD, Severe anxiety, Depression, Night terrors. Post traumatic neuropathy-no feeling tl left side of my face. Post traumatic concussion- causing memory loss. current and past.

Yes, I am grateful to be alive, for my childrens sake. Since March 10th,2013 I live in a prison, I sit in a bedroom that is 12x12. I sleep 30-90 minutes a day. I leave only to go to therapy or to the dr's. I am in pain 24 hours a day. I thought his conviction on Nov 25,2013 would free me. Yet, i'm still stuck. The only thing he left me was my ability to breath. I live in a bedroom at my 64 year old uncles house, I lost my home. I lost my car. He broke and burnt all my furniture and my pictures. He threw my clothes and all my plants in the dumpster. YES THESE ARE THINGS THAT ARE MATERIAL< BUT FOR ME THEY WERE MEMORIES< MEMORIES I no longer have. It is Jan 16'2014. Here I sit in the same room. Unable to work, waiting..
oI n the government, I cant afford nothing. I m.iss my own home, I miss planting flowers. My children I miss but cannot see because they work and live a ways away. They cant visit, because I have no place for them to stay. I have a new grandson, Gabriel. They live in Warrensburg, Mo.. I wish I could say that a 1000.00 doll. would help. I don't expect a 50,ooo doll home, a new car and all the fixings. I just want my life back. The ability to get in the car and visit my kids, smell the flowers. plant some at my on home. An old farm house with an acre of land that's peaceful. antique furniture, not that retro expensive stuff. I'm just a country girl. The only thing that I could not afford when my children were growing up that I regret, Is we never went on a vacation. That's the onething I'd like to do before I die. The monster that almost took my life gets his first parole hearing 5/2015. If he is released, I know he will try and finish the job....I hope I'm long gone before then. I mean far away.. I have never asked for help befor and i'm sure ive rattled on enuf. I don't know if you can help me. Honestly anything will help. Don't know how much longer I can live this way..I HOPE THAT ONE DAY I CAN TELL MY STORY AND SAVE SOMEONE
ELSE. LOVE IS NOT SUPPOSE TO HURT!!!!!

Just want to live

PAULA M. BEAM
MOTHER OF 3
G'MA OF 4.5