Re:Thank HN: My bootstrapped startup got acquired today
by Sohcahtoa82 on Thursday January 23, 2025 @05:10PM
(#42808579)
Likely drowning in debt.
When you're living paycheck-to-paycheck, even just $10K in credit card debt at 30% is enough to keep you down. ~$250/month merely pays the interest.
Maybe there's medical stuff that needs to get done. Maybe the car needs fixing. Maybe you haven't gone on vacation in YEARS and it's taking a huge toll on mental health. I mean, consider how many people work jobs that don't offer ANY PTO, so even going on a stay-cation costs money due to lost wages.
When you're living paycheck-to-paycheck, even just $10K in credit card debt at 30% is enough to keep you down. ~$250/month merely pays the interest.
Maybe there's medical stuff that needs to get done. Maybe the car needs fixing. Maybe you haven't gone on vacation in YEARS and it's taking a huge toll on mental health. I mean, consider how many people work jobs that don't offer ANY PTO, so even going on a stay-cation costs money due to lost wages.