[fella]

I learned long ago do not run a business with borrowed money.

[Alberta's Child]

There’s nothing wrong with running a business with borrowed money as long as you follow one of my most important rules: always maintain enough liquid assets to pay off your business loans on short notice.

In 2021 I took advantage of the low interest rates to front-load some major business expenditures and give myself some reserve funds to smooth out my revenue stream over the next two years. I got a business loan at a great interest rate, so I borrowed more money than I needed. It would be ludicrous to pass up an opportunity to borrow money at 3%-4% when inflation would be running at 6%-8% for a couple of years.