My dream has always been to start a business, I decided to pursue my dream. I started a business about a year ago, I quit my job to give it everything I could to make it work out. Today, I look over the numbers and I realized that I don't have the capital to keep going. I decided to close down shop. I took the risk because I didnt have any other responsibilities: 24 years old, living at home, no wife, no kids. Now, I am in debt about 20k and I have no job! My credit score is 750+ and I only have about $300 worth of monthly bills on top of the loan. I was loaned the money from my Dad, so I have time to pay it back, but my goal is to pay it all back in one year. In your opinion, am I in a bad situation? First thing I need to do is make about $1500 a month from a 9-5 job. Use this to get me by for the meantime and start investing in IM. My goal is to make $100/day from IM by the end of the year. If I can do this, I should not have a problem paying back the loan in a year.