So you have an awesome business idea. And you want to pursue it, hoping that it will generate you a nice bit of income.
It could be for a full-blown business, or a flexible side income after work/school hours. But you quickly hit a problem: you need money.
Here are all the ways to raise money for business in Malaysia. If anything is wrong or missing, please let me know by commenting. Also, this article applies to us common folks, not to people who are born into money. Not all options might apply to everyone.
Dave Ramsey is a popular author and radio host in the United States. He gives solid money advice.
One of it, which I 100% agree with, is the Debt Snowball Method – a loan repayment plan for people who owe money and overwhelmed by it. Find the original explanation in his website here, written for the U.S. audience.
What I’m going to try do is to explain the Snowball Method in a way that is relatable to us Malaysians. So you can use it to pay off your debt, or advice someone about it.
I don’t know about you guys, but lately I notice that I get way more loan advertisements than before.