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What do you think about getting a loan?

Discussion in 'BlackHat Lounge' started by tomsko, Mar 14, 2013.

  1. tomsko

    tomsko Regular Member

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    I'm in this shitty position where I know how to make a bank but can't get the needed investment for it. It requires some big (around 4k USD) starting capital, but there is noone I could ask me to lend the money, and even if there are, they don't believe in me.

    So I'm just sitting here, making a few small time IM bucks here and there, watching as this method gets more saturated and expensive every day.

    Would you consider getting a loan good or bad idea in my position? We all brag about how we need to take chances and risks when we want to succeed, but on the other hand, most successful people are very much against any sorth of money borrowing.
     
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  2. gypsyr0ad

    gypsyr0ad Regular Member

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    depends on the percent of your theory it will be worth it and will profit enough to pay back the loan.

    If you are confident, I would go for it.
     
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  3. tomsko

    tomsko Regular Member

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    I am very confident about this. If calculations are right, I should be able to pay back the loan in double on first month
     
  4. hardcorebiker

    hardcorebiker Jr. VIP Jr. VIP

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    If you are confident that you will be profitable enough then go for it and IM isn't that risky as it sounds. People invest 20k to 100k sometimes in offline business with their fingers crossed. You are atleast in a better position
     
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  5. Murdoch1337

    Murdoch1337 Jr. VIP Jr. VIP Premium Member

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    If you are 100% sure that you can pay back the loan, then go for it. Borrow on your credit card, or from the bank. The amount really isn't that large, so even if you fail, it shouldn't be too hard to pay back.
     
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  6. gypsyr0ad

    gypsyr0ad Regular Member

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    your welcome, I wish I was in a position to help you, but I cant even help myself.

    Good luck, and if you become a millionaire, remember who gave you the first advice, that should at least be worth a cup of java :)
     
  7. ReALeST

    ReALeST Power Member

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    Am guessing it involves advertsing.If its not then i suggest u start small then upscale the method once u get good ROI.Regarding taking a loan i say go for it if as long as ur confident and got a great gameplan.Good luck!
     
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  8. SEO_Alchemy

    SEO_Alchemy Senior Member

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    If you can succefully make a return on your borrowed funds, stop wasting time (which is money) and get the loan. 4K is nothing. If it all goes to shit you can easily pay that back working any 9-5 job. Live your dream, stop dreaming about it ;) You know the old expression "it takes money to make money", it goes for all walks of life, and businesses. Even if it fails, the experience will put you miles ahead for your next endeavor.
     
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  9. tomsko

    tomsko Regular Member

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    Thanks a lot everyone!

    Advice from you all is a lot more valuable than anyone I could ask IRL as they have the 9-5 mindset.

    And ReALeST - yes it involves advertising :)