00:00What do you do for a living? I own a classic Mercedes shop. You own? Own. How does the
00:04business do? So it's been pretty good. It's been open for about a year now officially. I bought
00:08the shop in August last year. Started doing it January. You bought the shop. Buying a shop
00:12sounds expensive. Can be if you do it wrong. Was it? I mean the shop was $160,000. I put down
00:19$15,000. How was the shop doing before you bought it? Oh it was just an empty shop. Oh. It was an
00:24empty shop with some land and it was for sale. There's a loan in here that's like 200% interest.
00:29Where is that money coming from the success if not to pay off debts? Well you gotta have
00:35debt to make money. You gotta borrow money to make money. That's how it is. You have
00:38to borrow money to make money. Do you have $150,000 sitting in the bank right now? Do I?
00:43Yeah. Do 99% of the world have $150,000 sitting in the bank to just throw it into a business
00:49that may or may not work? Well there's nothing wrong with necessarily taking out like a small
00:52business loan. There's some good opportunities. Again you have a 200% loan.
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