Dame Dash on the BreakFast Club this morning, nikka angry for no reason

[Donald J Trump]

Any tips?

Yea, never let another man invest your money

 

[re'up]

http://www.dailymail.co.uk/news/art...othes-jewelry-failing-pay-rent-18-months.html

It's a daily mail article, but backed up with court filings…..I think Dash is overextended, credit lines exhausted or nonexistent, VERY light on liquid cash. and heavy on expenses... buried in debt, liens, and lawsuits, on the fast track to complete financial ruin….This may be slightly tempered or delayed, by his alleged stake in his ex wives company. I think he's treading water, and this is like the final lap of a grade A con artist, as he dazzles you with stories and conjecture, when you leave the expensive meal, you don't wonder why he let you pick up the check until it's too late.

 

[Strapped]

i blame envy for asking dame a stupid irrelevant question that derailed the interview,jz is past let that shieet die

 

[Poetical Poltergeist]

Has anyone here bought his motor oil? Cookies?

 

[LV Koopa]

Lending companies are no different than banks. They not giving nobody with trash credit no business loans, unless its a hard money lender and those are short term high interest loans.

Actually, yes they will. If your credit is bad they'll ask you to post more collateral, you'll get higher interest rates, they may even restructure the payment period. Poor people and those with bad credit have been getting loans since the concept of the time value of money was realized. There are thousands of lending companies with all different kinds of requirements and structures out there for this very reason.

 

[The War Report]

Grown men don't talk about another grown man's interview.

 

[WeInHere]

I agreed with damn near everything he said. Fukk it lets get the thread to a thousand

 

[bouncy]

There are usually special programs for immigrants to get business loans

Black people not walking in a bank with trash credit and getting a loan. Even if there was some loan company that would dead with you, the rate and terms would be ridiculous.

Exactly! We saw what happen with subprime mortgages.

 

[nalej]

Why does Dame Dummy talk like he still got any money?

 

[nalej]

Dame just clowned like 99.9% out of everyone in this world including the two guys that came with him. Just cause you the boss don't mean shyt. I'd rather be an employee of a successful business than a boss at a orange stand. And he know damn well everyone can't be a boss without employers. Dumbass.

 

[mson]

Yea, never let another man invest your money

My financial advisor won't appreciate that.

 

[The_King_of_Everything]

http://www.dailymail.co.uk/news/art...othes-jewelry-failing-pay-rent-18-months.html

It's a daily mail article, but backed up with court filings…..I think Dash is overextended, credit lines exhausted or nonexistent, VERY light on liquid cash. and heavy on expenses... buried in debt, liens, and lawsuits, on the fast track to complete financial ruin….This may be slightly tempered or delayed, by his alleged stake in his ex wives company. I think he's treading water, and this is like the final lap of a grade A con artist, as he dazzles you with stories and conjecture, when you leave the expensive meal, you don't wonder why he let you pick up the check until it's too late.

 

[BreezyH]

I'm gonna expand on this point a bit because I really think some people have to get this concept. I'm gonna go back to the scenario with someone who wants to start a business with $50,000 and show you what happens in the most simple of scenarios.

Scenario A: I put up $50,000 to start my own business and it tanks.

Well, once that $50,000 is gone - you have to survive. This means you have to pay rent, you have to pay for food, and you also need to find a new job that brings in steady pay. If all you have is that $50,000 you are pretty much fukked. There is no credit protection or bankruptcy case to save you when the bill collectors start calling. If things get really bad you might have to use cash advances on credit cards (among the worst ways to borrow money) and you're now leveraging debt with even more debt and neither one of them are increasing your cash flow. In short - you are fukked. It takes a lot of discipline, planning, and if you don't have a great source of income, years to escape this hole.

Scenario B: I borrow $50,000 (loan) to start my business and it tanks

Well, crap - we've lost somebody else's money. This isn't a good thing but it isn't the end of the world. Firstly because the loan payments are spread out. We may have lost $50,000 but from month to month if we can scrape up the balance of the loan (say $1,000 or so) we can keep our head above water. Even better - we still have our original $50,000 - we can just pay back a huge portion of the principal + all the interest. If we don't want to we've done our homework and know this loan will cost us X amount in Y years. As long as we get a job that can pay off the interest in reasonable time we are fine (remember how loans work, once you pay off the interest it's just principal and loan payments get smaller as time goes on assuming it's standard).

But, wait there's more. If we somehow don't have our $50,000 most legit loan companies will negotiate with you. They'll do things like lower the interest rate, stretch out payments, ask for something else as collateral, might even take $30,000 of your 50k up front and work it out then - they want their money, not to bankrupt you so you can't pay anything at all. It may cost you more than the 50k in the long run and take some time but chances are you'll be able to survive compared to someone who lost 50k of their own money. Most of your actual assets were never at risk and if they were you have some degree of control in how to get value out of them.

Notice in scenario B there isn't an immediate risk of ruin. That's why people borrow other people's money - even if shyt goes bad they'll have time on their side to pay it back. This doesn't even touch on borrowing that 50k for a loan and using your original 50k to invest somewhere else and use that to pay off the loan. If you want to be your own boss then learn how those that did it actually stayed that way. Some people can start a business with their own money and make it, but trust me when I say they are in the vast minority and it's pretty much the path of most resistance. Work smarter before you work harder.

much respect for the post. while i encourage people to use dame's rant to think about creating something for themselves, i don't want people to glamorize the "hustle". too many kids out here using that entrepreneur rhetoric to justify not working real hours and hitting the pavement. working for yourself is just that, you gotta be your own boss

 

[nalej]

I give props to Envy for keeping it cool.

 

[CrimsonTider]

I was enlightened and I never liked working for people. I got to stop BS'ing myself and start hustling.

It's has nothing to do with money. If your content with one day walking into work and someone telling you your fired, that's cool. That's on you. It's not for everyone. Some people like having control. The difference between envy and stern is stern talks about what he wants but knows his role. He understands that there are repercussions. Envy as he stands will never push the envelope or say something that may get him fined or fired, and he's ok with that so it's ok.

There's a difference between a radio worker getting paid to talk about what the station wants to talk about and one that is paid to do what they do. I heard a comedian tell it, basically he was hired to tell jokes some place and before he went on they told him what he couldn't talk about, and he said "yall hired me to do what I do, so I'm gonna do what I do"

You always have boss. If you own your own business the customer is the boss.