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Nothing a little bit of good old fashion American financial wizardry can't solve. Take a $60k cash advance out from a credit card (or other source). Next, inv
by Dilpil 18y ago
Nothing a little bit of good old fashion American financial wizardry can't solve.
Take a $60k cash advance out from a credit card (or other source). Next, invest $60k into your start up. Finally, pay yourself $60k, and use that to pay off the credit card.
- Brushfire 18y agoYou forgot a step: Lose about 20% in credit card fees, employment taxes, and income taxes. Still might be worth it, though.
- Dilpil 18y agoAmerican financial wizardry is all about forgetting steps.
- NonEUCitizen 18y agoIf that works, then your startup must be building a perpetual motion machine?