[bryan0]

The “accredited investor” thing always seemed like a scam to me. Like if you have a lot of money we will trust that you know how to invest, otherwise we won’t let you.

[jitl]

If you have a million dollars and accrue a debt of $500,000 you are solvent. If you have $20,000 and accrue a debt of $500,000, you are bankrupt and your debtors take a big loss and everyone is sad.

(Also presumably if you have a bunch of money you did get it somehow…)

[bdangubic]

$20k with $500k debt is a whole lot of airbnb enterprenuers racking in serious dough.

debt is a great thing as long as you make money from that debt (you don’t pay taxes on the debt either) :)