More from on The Smartest Advice I Ever Got

From the founder of E-Loan and Prosper —

Starting my own business seemed so risky, but maxing out credit cards or even going bankrupt isn’t so risky if you do it at a young age. You’ll never regret taking those risks, but you might regret it if you don’t.

What do you think? It seems that the whole PF blogosphere reviles debt, especially credit card debt. Does it make sense to max out cards in the pursuit of a dream? People don’t get fabulously rich by NOT taking risks.

And, trust me, one of the biggest risks you can take is putting your fate in the hands of credit card companies!

Short of borrowing money from the SBA, your family, or your friends, you could try or your credit cards. If you have an idea that you know will succeed (and it will, if you never stop trying), you’re taking a bigger risk NOT doing it than doing it.

So, keep your day job, use your available credit to fund your hobby-to-be-turned-into-a-business, and GO FOR IT.

Or, keep your day job, scrimp and save, and retire at 65 with enough money to eat dog food.

If you’re lucky enough to have figured out life early on, you can have the best of all worlds — well off, happy, and young. IF your parents taught you well, you saved most of the money you ever got, and you started really young, you can have it all.

It’s your choice.

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