Reported 2 days ago
A 23-year-old entrepreneur from Los Angeles, Jeremy, shared his alarming financial ordeal on 'The Ramsey Show' after losing $2.1 million on a project he expected to profit from, only for the client—a reputed aeronautics company—to declare bankruptcy before paying him. Now $330,000 in debt, Jeremy sought advice on whether bankruptcy was his best option. Financial expert Dave Ramsey cautioned him about his reckless approach to business finances, emphasizing the importance of requiring upfront payments and restructuring his business model to avoid future pitfalls.
Source: YAHOO