The Dime💰 10/24/24 - You Asked For Money, Here It Is.

First and foremost, I want to thank all the folks who came showed love for my birthday. There’s a few tapes out there with tears in my eyes, do me a favor and don’t share them 😂. The party was a vibe. Lots of people met each other. Some deals were made. Things were great. To move our focus to markets, were in the middle of a weird period with investors basically being hands off until the election is over. The Fed is still monitoring jobs but through all this, business needs to get done which is what we’re gonna cover today. Here’s this week’s edition of The Dime💰.

Recently, I took a trip down to DC to celebrate a yearly event hosted by my friend Davey. It’s called Brunchwarming and it’s great. It’s basically like a Homecoming event but for when you’re too old to go back to your college campus. We all got way too sauced that weekend and a friend of mine ended up missing his train back to New York so I decided to give him a ride back. While on the four-hour drive back we discussed life, our goals, and other things. But one thing we decided to dig into a bit is how to obtain financing. He started the conversation with “Yeah, I’m not trying to dig into your business, you can share what you want, but how are you out here able to obtain financing for the things you do?” 

Firstly, I think it’s necessary for friends to be transparent about money. Nothing is worse than having a broke friend. You love them, but things become a drag because they aren’t able to enjoy certain moments with you because they are financially strapped. Most of your conversations lack substance because money is a background issue. The worst part is when you have to actually hear about any suffering they go through because they aren’t able to pay for certain things like rent, food, or other necessities. The opposite is great. Friends with money are people you can invest with together. You get to take cool instagram pictures. You get to have more substantive conversations and lastly, people with money seem to meet other people with money who end up meeting you. This simply cycles more money your way somehow. That's why we're going to talk about how I was able to obtain $750,000 in financing without raising money for equity. If you guys leave enough comments asking for it below, maybe next week I’ll talk about Venture Capital Financing and Mergers & Acquisitions which are the transactions I work on for my 9-5. I’m only writing it if its requested. Let’s get started.