#creative-financing

#creative-financing

Trina, a 38-year-old Florida resident, was drowning in $44,000 of debt on a $60,000 annual income. Her financial obligations spanned car loans, credit cards, and her son's private school tuition-a complex web of commitments that became more concerning when she revealed filing Chapter 7 bankruptcy just two years earlier. This recent bankruptcy suggested her struggles weren't isolated incidents but part of a recurring pattern of financial instability.

For several years, my brother, Mike, and I talked about wanting to go into business together. We considered a few ideas but hadn't settled on one. In February 2022, we rented an Escalade from Turo for a family trip. Almost exactly a year later, we launched our own Turo business, JDM Whipz. By 2024, JDM Whipz was making six figures in profit.