Hi Joel. Of course you're right in general. However, when interest rates are effectively 0% you can only borrow if you have significant assets. Normally, in a proper interest rate environment of say 5-7% you could use cash flow from your existing business to borrow.

I mean "ironic" in that when you have wealth these days you don't need to borrow, and if you want grow a business to support yourself, but have little wealth, it is very difficult. I agree with that last part even if you include me ;)