Comment on Ask HN: Where Are All the Jobs At?parentComments−lusus_naturae2yThis is ridiculous advice, what is someone supposed to do with a loan? You can't just "business" out of thin air. You'll just be paying interest rates or worse.−BoorishBears2yIt's TikTok advice, the classic:- open an LLC to protect your -$10,000 in assets- open lines of credit using the LLC (don't worry about what a Paydex is)- ???https://www.tiktok.com/@moneytips.tt/video/72389957727446663...
Comments
This is ridiculous advice, what is someone supposed to do with a loan? You can't just "business" out of thin air. You'll just be paying interest rates or worse.
It's TikTok advice, the classic:
- open an LLC to protect your -$10,000 in assets
- open lines of credit using the LLC (don't worry about what a Paydex is)
- ???
https://www.tiktok.com/@moneytips.tt/video/72389957727446663...