Steve Benson

speaker
874 appearances 4 recordings 1 series first heard Mar 2020 last heard Dec 2023

Steve Benson’s voice in public audio — every appearance, attributed to the second.

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There's a lot of fluffy ways that people are describing loans today.
Yeah.
Okay, one more minute, gotcha.
There's a lot of fluffy ways people are describing loans today.
You can cut through the fluff by converting it all to APRs.
They talk about loans in a lot of different ways.
If you're taking them out of money and paying them back, it's all the same.
It's a loan, you can convert it to an APR.
And that is all.
I guess my only point here was this is hard.
Forget about your hobbies.
You're not gonna be a good friend, son, daughter, mother.
You've got to ruthlessly prioritize.
Identify the things that really matter to you and only do those things.
It's not a good time to have a work-life balance.
Getting these trains out of the station is really hard, but once these trains are in motion, they're super hard to stop.
So those are my bits of wisdom.
Depends on the lender.
So some lenders, I mean, ultimately what you want to do is be making $10 million a year and $2 million in profit, and then you can get some real cheap loans.
Because a lot of lenders look at EBITDA and make loans on that, and those are cheaper loans.
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