Living At Home And Borrowing Money From Parents: Perhaps Your Best Business Decision

I had a dream of independence, so I flew to Asia with no money.

 

I went broke for a few years, worked my butt off freelancing, and finally saved enough money to launch my first physical-products line.

 

As soon as products were selling, I withdrew nearly all free cash flow to cover my travel expenses.

 

When I sold the 3-year-old business, it was the same size as the 1-year-old business. (Actually, a bit smaller!)

 

Trying to grow my business, I was also the growth killer. I was the biggest line item expense.

 

My painful truth is that if I had…

 

1. Lived at home

2. Borrowed money from parents

3. Not spent time freelancing

 

I would have…

 

1. Started with more capital

2. Reinvested for exponential growth

3. Avoided all chronic financial stress

 

This ‘exit’ would have been 5-10X bigger.

 

I would have paid my parents back with interest.

 

I would have more cash in the bank today.

 

What’s Best For You?

 

If you want to know you ‘did it on your own’, fly to Asia with no money and no plan.

 

If you don’t care about ephemeral feelings of independence, leverage all the help you can get.

 

You may save yourself years of unnecessary stress.

 

You may find that nobody truly does anything ‘on their own’ anyway.