3 Likes
RIP 
to the 5 e4 members with $10,000+ Pokemon debt. Please get help if this is related to problematic spending. If you bought a trophy or something and have the appropriate finances to leverage that amount, congratulations!
8 Likes
The 10kers are the real heroes
No debt. I was taught to only take debt on cash flowing assets - real estate, business etc.
6 Likes
I heard some people have poke businesses and debt is fine, cash flow it
I met someone who was $10,000+ in debt because of Pokemon. Their response to my concern was:
I’m young, so if I lose it all, I’ll be ok. I’m trying to become a millionaire in the next five years. I had $250,000 at one point and nearly lost it all. If I need more cash, I can sell my $100,000 Pokemon card collection. My risk tolerance is dangerously high.
5 Likes
I’m guessing this is the person that lost thier collection due to FedEx? If they were able to build up their collection to $100k that quick they must know what they’re doing.
Nope, different person.
It was a bit unclear, but I believe that the person made (and lost) their money in crypto/stocks.
2 Likes
Wait what? 10k just for Pokémon cards? A bunch of high end cards or what?
From my understanding, it was a little of everything across the board. Sealed, raw, graded. Japanese, English. Just trying to make a quick buck.
1 Like
I’m a proponent of using 0% apr credit card offers to use as lines of credit for grade and flip sales. Never ever everrrrr do I employ this method on purchases that I can’t immediately pay off if i had to.
IMO, it’s a free loan (if done properly) that also increases your credit score at the end of the day (if done properly).
3 Likes
