Steven Pope
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Podcast Appearances
We're going to take it out of your account.
And some people, I mean, there are literal businesses set up
to loan you cash out of your bank statements coming out of Amazon, because it takes 30 days to get your money out of Amazon.
And so businesses are charging points on delivering that cash to you faster.
And so this credit card was like a big 60, like if you think about it, 60 days of run rate of cash.
You had 30 days you'd have to wait to get cash out of Amazon, and you'd have 30 days you could leave it on a credit card, and that's 60 days when you combine the two.
So instead of you putting it on a credit card for 30 days, now they're taking it out of your cash flow that's coming to you that's also being held for 30 days.
So it's a double whammy, 60 days total.
So awful news really sucks.
It is getting harder to sell on Amazon every single year.
It's still worth it.
And here's why, right?
I always have to, I got to put the paradoxical why in here because all of the alternatives suck worse.
You want to go open up a Chick-fil-A?
Good luck.
$500,000 franchise fee.
Plus, you have to have cash and manage it and go in person and do all that headache.
You want to do real estate?
Well, all the private equities bought up everything and opened up Airbnb's.
So all the money's gone there too.