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Search results

  1. J

    pay debts or use the money to invest?

    HOT! 
    Guys I want to thank you all for your contribution, I think it is very clear what to do. If option 1 does not apply pay the full balance in debts. Thanks to each and every one of you.
  2. J

    pay debts or use the money to invest?

    HOT! 
    Yes man, for sure! And I'm not only going to think about you, I'll also let you know about progress ... this is fuel for me :thumbsup:
  3. J

    pay debts or use the money to invest?

    HOT! 
    Yes, the situation was the following, when I made the decision to come I knew that I had to have a business that gave me cash flow, but at the same time I was against the clock because my life was in danger every day that I stay in Venezuela, so when I was offered the franchise business I had...
  4. J

    pay debts or use the money to invest?

    HOT! 
    Ohh boy incredible as you can create an opinion as radical as that having so little information. There are many variables in that equation of which you have no idea. I never borrowed money to buy the franchise, I paid 300k Cash for it. those 5 thousand dollars that my friend lent me were to pay...
  5. J

    pay debts or use the money to invest?

    HOT! 
    1) the capital needed to start the business is high 2) It is a totally different market, the competition is huge and there are very strong players in the market. It is also a business where the circle is very closed. It took me 13 years to develop this business and the structure necessary for...
  6. J

    pay debts or use the money to invest?

    HOT! 
    Well Belkit the story is that in my country I had a medical equipment company and I sold both private clinics and hospitals. 2 of the clinics were miliary, at the beginning of 2013 the person in charge of the purchases in the hospitals was changed by a chavista captain. This person told me: "my...
  7. J

    pay debts or use the money to invest?

    HOT! 
    Explain something to me @minivanman , according you what lesson is that? Because according to your comments you have information that I don’t.
  8. J

    pay debts or use the money to invest?

    HOT! 
    The down is 50k, 4% of the property This is the reason for the investment. My mom is in the real estate market and this is a client from South America who for health reasons needs to sell the property and as he trusts her the opportunity present.
  9. J

    pay debts or use the money to invest?

    HOT! 
    Hey Bekit! man you have no idea how hard it has been after having your whole life made at 33, a successful business, house, beach house, boat etc. And the government of your country steals your business and you have to go and start from scratch without the language in another country. thank God...
  10. J

    pay debts or use the money to invest?

    HOT! 
    Suzanne my top# 1 priority is to pay my friend, because he help me in a very hard time. Pay him his 5k it is not an option. At this moment my lifestyle is totally conservative, and I have learned several lessons these 5 years that I have in the states. This debt is not for luxuries or anything...
  11. J

    pay debts or use the money to invest?

    HOT! 
    Yes man I know, one of the options I was evaluating was investing in a multi-family home together with my parents, putting 50% and 50% of the down payment. If it happens it would be ideal because the return on investment would be immediate and in 10 months I would be payind the loan and I would...
  12. J

    pay debts or use the money to invest?

    HOT! 
    Suzanne It is a loan that I used to consolidate the debts because the interest I paid was very high due to the low credit history more than 28% interest revolving, practically what I paid was the interest only. Now it's 23% fixed. The truth is I don’t have many options, all this for a bad...
  13. J

    pay debts or use the money to invest?

    HOT! 
    It is true samix, well in detail is: -$378 is a fixed payment every month. the principal is 13k -5k loan from a friend no interest -2k I owe to the IRS
  14. J

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I finished reading TMF yesterday and I automatically started UNSCRIPTED, the truth seems incredible to me as I had never heard anything about the book. I came to him for a reference on the YouTube channel of Alux and the truth was the best recommendation. It is an incredibly clear blueprint of...
  15. J

    pay debts or use the money to invest?

    HOT! 
    Guys I have a question for you, at this moment I do not have a developed idea in which I can start taking action, I am in that process looking for ideas. But am about to receive between 15k - 20k in a lump sum. what do you recommend me? pay all my debts that are about 22k in total. or continue...
  16. J

    A fresh start

    INTRO 
    The success without failures is practically an illusion, I know that thanks!
  17. J

    A fresh start

    INTRO 
    Hi guys, I'm from Venezuela 37 years old, I have 5 years in this country. When I arrive I buy a franchise and in less than two years I lost everything. At this moment I do an MLM in which I am about 3 years old but I do not see the progress. I started reading TMF a week ago, I finished it...
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