Kak
Legendary Contributor
FASTLANE INSIDER
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I always say the money and assets you have accumulated by trading your time is the hardest earned money of your life. It would take another lifetime to reaccumulate the same way.
Leave life savings alone. Treat it like a foundation to keep you secure while you build. Not something to give up to help you build.
If you lose bigger you win bigger. Someone can always write bigger checks than you. Always use other people's money. It is in unlimited supply.
Many will say they'd rather "own the whole thing" but the "whole thing" is playing an unlimited game with investor money. It is playing a very resource limited game with personal funds.
Success is also more likely with better capitalization.
I'm not saying be unwilling to spend $50k to help build a case for funds. But definitely don't risk your stability that you've worked hard to build, for likely worse results.
Keep your trajectory upward.
Leave life savings alone. Treat it like a foundation to keep you secure while you build. Not something to give up to help you build.
If you lose bigger you win bigger. Someone can always write bigger checks than you. Always use other people's money. It is in unlimited supply.
Many will say they'd rather "own the whole thing" but the "whole thing" is playing an unlimited game with investor money. It is playing a very resource limited game with personal funds.
Success is also more likely with better capitalization.
I'm not saying be unwilling to spend $50k to help build a case for funds. But definitely don't risk your stability that you've worked hard to build, for likely worse results.
Keep your trajectory upward.
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