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If it were me, I'd put entrepreneurship on the back burner and plow my way through that debt. I started my business with no debt, and I can't imagine I would ha
by kariatx 16y ago
If it were me, I'd put entrepreneurship on the back burner and plow my way through that debt. I started my business with no debt, and I can't imagine I would have made good decisions with that much financial obligation stressing me out. In fact, I still have very little debt now (just a very small mortgage) to keep my head clear.
I would recommend hitting up your library for a Dave Ramsey book or two. I don't follow his religion, but his "baby steps" for getting out of financial hot water are right on. Follow them - they aren't easy, but they work.
Sell stuff. Work your ass off. Live with tons of roommates. Eat beans and rice. Many people have gotten themselves out of worse situations with less means and education.
There will always be business opportunities. Solve your debt problem now. I rather live a debt-free "wage slave" life than be a scrappy entrepreneur who is always running away from creditors.
- infinite8s 16y agoBeans and rice. Probably the cheapest meal on the planet. It's surprising the number of people who don't realize how little money is needed to eat nutritiously (especially if you buy them dried and in bulk)