Dan Martell - Ask for money when you don’t need it.

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00:00:00.000 you talk to Elon, he would tell you the money that came into PayPal, if it would have been one day

00:00:04.680 later, PayPal would have never existed. My rule is ask for money when you don't need it. Every time

00:00:10.220 I've exited a company and I've got a windfall of cash, I call my private banker and every other

00:00:16.140 bank. And I say, hey, I want a line of credit. Why do you need a line of credit? Because I've

00:00:19.960 got these massive expansion plans and I don't know when or how, but I don't want cashflow to

00:00:24.520 be an issue. I want a line of credit. How much would you like? And I go $5 million. And I want

00:00:29.400 to negotiate really great interest i have a line of credit right now it's like half a percent i

00:00:33.640 literally have bank accounts with all my banks and massive lines of credit all over the place

00:00:37.940 that way if for whatever reason somehow i ever got myself into a pickle i have access to capital

00:00:43.020 because a long time ago when i was 24 years old and i was starting my business and i had a cash

00:00:48.500 flow issue and i went to the bank to get some money guess what they said to me no and i said

00:00:53.100 Thank you.

Dan Martell - December 10, 2023