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The number one reason for small business failures is undercapitalization. When you add trying to live like you have already made it on top of that, it is almost sure to be a disaster.pI was just discussing this very point the other day with an agent. What kills off agents in FE or any other business for that matter is piss poor planning and having too much debt. Its not really the cost of start up and the riding out of the first 6 to 9 months...its the debt they already have with lifestyle. Hard to cash flow $500 week in dm leads during startup if you are upside down on every single piece of credit you have....I decided long ago to live as debt free as possible....remember these 2 things:
1. Being broke is always more expensive.
2. Slaves cant own guns
I was just discussing this very point the other day with an agent. What kills off agents in FE or any other business for that matter is piss poor planning and having too much debt. Its not really the cost of start up and the riding out of the first 6 to 9 months...its the debt they already have with lifestyle. Hard to cash flow $500 week in dm leads during startup if you are upside down on every single piece of credit you have....I decided long ago to live as debt free as possible....remember these 2 things:
1. Being broke is always more expensive.
2. Slaves cant own guns
#1 is so true...just look at your FE prospects/clients...especially the one's on DE.
Yep, higher fees on top of fees, they pay fees i didnt even know existed, get a surcharge for a de card, eat crappy cheap food that makes them more unhealthy, and pay higher renters fees...I would say higher interest rates but we all know they cant usually qualify for credit and if they do they are too ignorant to decline an 18% car note.
It boggles the mind. I think there is something clearly and fundamentally wrong with them.
Yep, higher fees on top of fees, they pay fees i didnt even know existed, get a surcharge for a de card, eat crappy cheap food that makes them more unhealthy, and pay higher renters fees...I would say higher interest rates but we all know they cant usually qualify for credit and if they do they are too ignorant to decline an 18% car note.
It boggles the mind. I think there is something clearly and fundamentally wrong with them.
How they make so much money?
But these are the people who make you live nice. Show them some bro.
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Looks like you preparing to join them.
Those vehicles are some serious dough man.
How they make so much money?
Lambo, Ferrari, Aston martin, corvette, Porsche panamera.
I wonder what Baseball drives.