113 - Should You Take Out a Loan For Inventory to Sell on Amazon

The topic of whether or not to take out a loan to buy inventory for your Amazon FBA business is one that comes up pretty regularly, especially for some newer sellers. Discerning if that loan offer is a good idea, from Amazon or any other source, needs some careful consideration, so we're here to help you make the right choice for your business! Today's episode covers four main reasons why we think you should turn down a loan from Amazon, where we investigate the different risky scenarios that could occur, as well as some psychology behind what happens to the human brain when you're spending other people's money. We touch on our personal relationship with debt and provide some words of caution on being mindful of how the burden of owing someone else money could put stress on your spouse too. We also let you in on a great hack for buying inventory with a credit card (the right way), plus you'll hear all about what we believe are the most solid foundations you can use to set your business up for long-term success. This is a conversation you don't want to miss, so listen today!