How to gain capital to invest to BTFD
I’m a CPA and this is not financial advice.
With yields rising and the dip growing, now is a perfect time to gain some capital. There are 3 routes that you can do besides floating your credit card.
Taking out a personal loan (8-15% interest)
Collateral loans (4-8% interest). Example (what I did) would be to put your car or another asset you own up as collateral.
Home equity loans/ line of credit.
All of these outlets will provide you with much lower interest to get cash now while also improving your credit score as you pay them off.
The total process will take a few hours and you’ll get the cash the same day. Banks will be happy for your business. I personally used my car as collateral and received $7,000 at 3.5%. The total cost of the loan will be less than $200 which I’ve already made back.
And as always BTFD.
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March 18, 2021 at 09:43AM