Don’t go into DEBT... yet.

Author

Brendan Ryan
December 17, 2023

Hey Dadpreneur!

Do you have a mission in life?

Have you ever considered taking on debt to achieve that mission?

Well, you’re not alone.

And when it comes to the question 'Should you go into debt to achieve that mission?' I would say no.

At least, not for now.

And here’s the reason:

When you first start off, and you want to get your business up and running not an easy task especially as you're already handling the responsibilities of both work and family. 

Choosing to go into debt could make it even harder, especially considering the added financial pressure…

But then when SHOULD you go into debt, to achieve your mission?

A better time to go into debt would be when you already have cash-flow incoming, and you want to start a different business model AND you know for a fact that you can actually pull this off.

This way you’re safe if something DOES happen, you don’t have lots of financial pressure, and there aren’t really many bad things that can happen.

That’s a wrap for this week! 

Find everything you need to support, educate and inspire you on your journey from employee to dadpreneur, down below 👇

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See you on the other side,
-Brendan Ryan