Chapter
Asset-Backed Loans: A Financing Option After Selling a Business
46:13 - 52:40 (06:26)
Learn about the concept of asset-backed loans as a financing option after selling a business and how some people mistakenly assume they can replicate business success repeatedly. Additionally, the importance of separating investment abilities from business ownership is also discussed.
Clips
Asset backed loans are a way for the rich to borrow money at a very low interest rate by using their stock portfolio as collateral.
46:13 - 50:12 (03:58)
Summary
Asset backed loans are a way for the rich to borrow money at a very low interest rate by using their stock portfolio as collateral. This method can reduce risk and create opportunities for investment.
ChapterAsset-Backed Loans: A Financing Option After Selling a Business
EpisodeMichael Sonnenfeldt: The Most Successful Real Estate Deal of All Time and Building a Community of Billionaires
PodcastMy First Million
Many people assume they can replicate their success when they sell a business, but only a portion of successful entrepreneurs goes on to recreate that success.
50:12 - 52:40 (02:27)
Summary
Many people assume they can replicate their success when they sell a business, but only a portion of successful entrepreneurs goes on to recreate that success. This can lead to a rude awakening when they realize they are terrible investors without the support of the company they once owned.