Should We Borrow Money? (We Are Desperate)

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Title	:	Should We Borrow Money? (We Are Desperate)
Lasting	:	0.36
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Views	:	129 rb

Its not that hard If the extra capacity creates more revenue than the interest, it is 100 worth it
Comment from : @MrBubkee

Ya according to Dave I should run my farrier business from a ugo or a model t
Comment from : @christopheralger1087

What not a tent bay or 2 like space x did to save money
Comment from : @Voteliberallaborgreenslast

Save and pay cash 🤔i
Comment from : @Voteliberallaborgreenslast

If you have room for an expansion, you have room for small metal one bay buildings
Comment from : @Ark_alone

Farming dosent work with Dave’s business model All farmers would be dead before they owned there first peice of ground
Comment from : @RhetGehring-cb8rb

Sometimes you have to borrow to grow your business Dave Ramsey doesn't know what the hell he's talking about He never has Just like credit cards I use them all the time and pay them off each month I earn cash, points, & mileage Never use your debit card Always use credit cards Never use your own cash when you can use OPM - other people's money
Comment from : @freefaller67

Try running a second shift
Comment from : @JamesHollinger-lt8qx

Call VersaTube lots of options
Comment from : @JamesHollinger-lt8qx

There would be almost no businesses with out debt
Comment from : @user-ic6xf

It's creating equity in the property and revenue for a business
Comment from : @JT-un7dc

Keep the 2 bays, open longer hours with a manager br3 bays for the price of 2
Comment from : @nlyndley9889

Dave is a butt
Comment from : @StanEvans-s4g

There is good debt and bad debt If she can make money for the business by going into debt, and can leverage that debt to her advantage, more power to her Go for it! Been there, done that
Comment from : @stevelasser3818

They should have been saving a lil on the side for that addition if they knew they needed it Just save some money
Comment from : @alexc5810

They will always be at capacity There is such a huge need for mechanics
Comment from : @natachamusser

Don't gamble with your future Make sure debt is on business so if it goes wrong it's not your debt
Comment from : @billyboing215

Save the money Everyone always wants things tomorrow
Comment from : @MsEast8

I heard, "we" and "auto mechanic shop" I wonder how much working on cars she is doing
Comment from : @jpmacoo

This guy is bad with numbers
Comment from : @jdr956

You have to spend money to make money!
Comment from : @meld3315

This is what I don’t like about Dave no debt if he’s maxed out and he needs more capacity you just paid everything off now you’ve got Proven revenue stream Should you wait 10 years to save up enough money to pay cash for the addition onto your shop or do you go out and borrow it make five times the amount of money pay it off in three years and now you’re amazingly so much better off, wow to me borrow the fucking money how stupid can you be?
Comment from : @steveanderson4768

Use of debt is useful in business If you can borrow at 6 and make a 30 profit why not??
Comment from : @hugolindum7728

Dave is showing his inner Caleb 😂
Comment from : @WannaBeHocker

I wonder what is wrong with the amount with the current revenue? Greeed
Comment from : @3s0t3r1c

they wouldn’t even have a business without debt
Comment from : @zNyteHD

'If you pay off the mortgage and hate it, you can go get yourself another mortgage' They thought about it, and realized they like the mortgage, Dave Ha!
Comment from : @jmp8822