Australia Is $1 Trillion In Debt... And They're Coming To You To Pay It Back

I was like, you know, they've pulled the wool over everyone's eyes here.

And as a startup owner, I bootstrapped the business, didn't take investor capital, you know, refinanced my home multiple times.

had multiple- All the risk.

All the risk, you know, took out over a million dollars in business debt for my company, sacrificed so much to keep the business alive through all the downturns and, you know, things that happened along the way.

Things that happened along the way, yeah.

Setting it up, it's not easy.

And so my specific scenario was going to be that I was going to pay 47% capital gains tax if at some point there was going to be a windfall moment.

And you don't always, you know, build a business with the view of like, I'm going to build it to sell it.

That's not why you necessarily build a business.

But the carrot at the end or the pot of gold at the end of the rainbow is one of the real drivers because I pay myself every A third of my market value.

Yeah.

Yeah.

And many times I pay myself nothing, you know, if the business can't afford to.

And so I don't have the superannuation nest egg at the end of my, you know, working life like many others would if they were just an employee.

But I've created 40 jobs for people in Australia.

Yeah.

And so at the end of it, with all the risk that I took and all the personal sacrifices I made, I sold all of my crypto, all of my investments, I did all of that to build this business.

I lose half of it to a silent business partner, Albanese.

The next morning I was at the gym, you know, venting my frustrations in a healthy way.

Did you choke someone else? I was at a normal gym this time, not jujitsu.

We'll get to the jujitsu thing in a second.

But I was just at a normal gym, like a commercial gym.

And, you know, I had this idea and this idea was like basically what I boiled or distilled all of it down to is like I now have a co-founder.

And that co-founder is Anthony Albanese and he now owns 47% of my business.

So I had an idea for a post and I messaged our head of content and said, I've got this idea, what do you think? So kind of like a PR

I was like, you know, they've pulled the wool over everyone's eyes here.

And as a startup owner, I bootstrapped the business, didn't take investor capital, you know, refinanced my home multiple times.

had multiple- All the risk.

All the risk, you know, took out over a million dollars in business debt for my company, sacrificed so much to keep the business alive through all the downturns and, you know, things that happened along the way.

Things that happened along the way, yeah.

Setting it up, it's not easy.

And so my specific scenario was going to be that I was going to pay 47% capital gains tax if at some point there was going to be a windfall moment.

And you don't always, you know, build a business with the view of like, I'm going to build it to sell it.

That's not why you necessarily build a business.

But the carrot at the end or the pot of gold at the end of the rainbow is one of the real drivers because I pay myself every A third of my market value.

Yeah.

Yeah.

And many times I pay myself nothing, you know, if the business can't afford to.

And so I don't have the superannuation nest egg at the end of my, you know, working life like many others would if they were just an employee.

But I've created 40 jobs for people in Australia.

Yeah.

And so at the end of it, with all the risk that I took and all the personal sacrifices I made, I sold all of my crypto, all of my investments, I did all of that to build this business.

I lose half of it to a silent business partner, Albanese.

The next morning I was at the gym, you know, venting my frustrations in a healthy way.

Did you choke someone else? I was at a normal gym this time, not jujitsu.

We'll get to the jujitsu thing in a second.

But I was just at a normal gym, like a commercial gym.

And, you know, I had this idea and this idea was like basically what I boiled or distilled all of it down to is like I now have a co-founder.

And that co-founder is Anthony Albanese and he now owns 47% of my business.

So I had an idea for a post and I messaged our head of content and said, I've got this idea, what do you think? So kind of like a PR