Read Millionaire Fastlane
- Jun 28, 2018
@ZCPIf you have a foolproof way to grow 50 grand very quickly then all anyone would have to do is call up someone with 50 grand and make a equity deal or take out a loan.
I have one. Do you have 50k? What is your phone number?
Beacuse those with capital just give out money to any random person,with a "foolproof" idea that calls them up
They want you to have "skin in the game"(invest your own capital) be a "line rather than a dot", "invest in people" how long have they known you? For how long? What experience do they have. You also need to prove or convince them you can.
At the point you have the abilty to do that you may as well sell to customers or crowdfund.
Note that a lots of things can be purchased monthly and 50k a year isn't a massively high paying job, sure it is above low paying.
The local bank manager would quite happily advance me the money,based on sufficient income.
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