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Can you buy a gift? The famous rainbow kitten is auctioned for more than half a million dollars

Nyan Cat creator Christopher Torres wants this to inspire other artists.
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February 23, 2021 2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Last week, a new version of the animated image of Nyan Cat , a cat that flies in space and leaves a rainbow trail, was auctioned for more than half a million dollars.
The famous image was created in 2011 by Christopher Torres, who decided for the tenth anniversary of the gift, to make a new version, which was auctioned.

Just opened up the flood gates to the future of meme economy in the Crypto universe, no big deal ~But seriously, thanks for believing in Nyan Cat all these years. I hope this inspires future artists to get into #NFT universe so they can get proper recognition for their work!
– ☆ Chris ☆ (@PRguitarman) February 19, 2021
The artist shared a tweet where he humbly explains that he has just opened the doors to the future with the meme economy in the Crypto universe, “it’s not a big deal,” he added.
The message is also addressed to those who make a living from art. “I hope this inspires future artists to enter the #NFT universe so they can get recognized for their work!”

Going once, going twice, sold!Thank you to @PRguitarman for bringing us along for the historic ride. @NyanCat forever.Rewatch the auction live stream →
– Foundation (@withFND) February 19, 2021
Christopher’s work received a single offer through the ‘blockchain’ , that is, for 300 ethers, a digital currency, therefore that amount would be equivalent to 591,351 dollars, more than half a million.
So far it is not known who the buyer was.

Banco Santander will deny loans to coal-related companies from 2030

As part of its strategy towards sustainability, Spanish bank Santander will stop providing financial services to companies that depend on thermal coal.
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February 23, 2021 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.
In recent years, sustainable development has become one of the great business trends, and Santander knows it. The Spanish bank with an international presence announced that as of 2030 it will deny loans and other services to companies linked to the coal industry.
This Monday, Santander bank made clear its commitment to the decarbonization of the economy, informing in a statement that “it will stop offering financial services to electricity generation customers whose income depends on more than 10% of thermal coal .”
It should be noted that thermal coal is that which is used to generate electricity. Instead, metallurgical coal is used in the manufacture of steel.
In addition, the banking institution promised to eliminate its “exposure to thermal coal mining worldwide .” This ‘exposure’ to thermal coal refers mainly to the loans it makes for electricity production .
Sustainability, Santander’s goal
The measure is part of its strategy towards sustainability and to “support the objectives of the Paris Agreement on climate change .”
Santander ensures that it maintains a carbon neutral emission since 2020 internally. Now, it intends to extend the objective to “all the issues of its clients derived from any of the financing, advisory or investment services offered by Santander, ” the statement said.
The bank plans to publish its decarbonisation targets for other sectors, such as oil and gas, transportation or steel, in September 2022. Thus, Santander’s goal is to achieve zero net emissions by 2050 globally.

An ambitious goal requires effort and commitment. In 2050 we want to achieve zero net emissions and to achieve this we will follow these steps. Click to learn more
– Santander (@bancosantander) February 22, 2021
Ana Botín, president of Santander , assured that being one of the main banks in the world, with 148 million customers, they have the “responsibility and opportunity to support the ecological transition and encourage more people and companies to be more sustainable .”
“Much remains to be done, but the commitments we announced today are a great advance,” Botín said.
Last year, the world’s strongest investment fund, BlackRock , announced that the fight against climate change became a priority for its investors. Therefore, it undertook not to invest in companies that obtain more than 25% of their income from the production of thermal coal.

Izzi will compensate only 533 users for massive failure in their service, confirmed Profeco

To avoid a class action lawsuit, Izzi agreed to adjust the bill for its service for some of the thousands affected by the fall of February 10.
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February 23, 2021 2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Thousands of Izzi users were affected by a massive drop in service in almost all of Mexico City on February 10. Therefore, the Federal Consumer Prosecutor’s Office (Profeco) considered starting a class action lawsuit against the company. However, Izzi managed to avoid such action after announcing that it will compensate 533 of the affected clients.
Ricardo Sheffield, head of Profeco , officially announced that Izzi agreed to adjust the monthly payment of those affected after a “pre-conciliation” process. The company argued a technical failure in its data center on the border, which resulted in a slow, intermittent or no service internet.
“An agreement was reached that the compensation be for a full day of service after having presented their claim to Profeco and / or made their report through the physical or digital means of Izzi, ” explained Profeco in a statement. .

# BoletínProfeco | 533 consumers will receive compensation for failure of #IZZI .Check all the information
– Profeco (@Profeco) February 23, 2021
While thousands (or perhaps millions) of customers had problems with their cable and / or internet service, the compensation will only go to 533 of them. Only those who have submitted a formal report to Izzi or a claim to Profeco can claim the discount.
“In order to process this bonus, as of this Monday, February 22, the people who presented disagreement are informed that they provide the name of the account holder and subscriber number, so that the provider can apply the adjustment” , noted the institution.
And you, did you make your claim?

Japan appoints a 'Minister of Solitude' over the rise in suicides for the first time in 11 years

More people died in Japan from suicide than from COVID-19 in October 2020.
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February 23, 2021 2 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Japan appointed a “Minister of Loneliness” this month to help reduce social isolation among the population due to the first increase in suicide rates in 11 years.
As reported by the Japan Times , Tetsushi Sakamoto, who served as the minister seeking to reverse the decline in the birth rate in Japan, will take over overseeing government policies to deal with loneliness and isolation.
“Women are suffering more isolation (than men) and the number of suicides is on an increasing trend,” Suga told Sakamoto at a press conference on February 12 announcing the new role, according to the Japan Times . “I hope they identify problems and promote policy measures in a comprehensive manner.”
Loneliness is a recurring mental health problem in Japan that is known as “hikikomori” when it reaches the extreme, something that has increased due to social distancing measures due to the COVID-19 pandemic. This appears to have caused suicides to rise for the first time in more than a decade .
For example, Japan’s National Police Agency reported that more people died from suicide than from COVID-19 in October 2020 , with women having increased by 70% annually.
“I look forward to activities to prevent social loneliness and isolation and protect ties between people,” Sakamoto said at the February 12 press conference.
Japan’s new loneliness minister said he plans to hold an emergency forum in late February to hear the concerns of people facing loneliness and isolation.

Amazon Workers Vote on Whether to Form Union, Company Fights Back

Amazon warehouse workers in Alabama look to unionize while the e-commerce giant fights back.
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February 23, 2021 3 min read
This story originally appeared on ValueWalk
Amazon warehouse workers in Alabama want to form a union, but the company appears to be doing everything it can to prevent it. The push in Alabama is the first effort to create a union at an entire Amazon warehouse as workers at the company’s warehouses say their jobs do not meet their expectations.
The first effort to form a union at Amazon
Darryl Richardson told The Guardian that he strongly supports the efforts to unionize the warehouse in Bessemer, Ala., which employs 5,800 workers. He said the job is very demanding, and he started pushing to unionize in August, five months after the warehouse opened.
Richardson said he expected more opportunities for promotion and better safety than what the company offers. He also thought there would be more job security, but he believes Amazon has been “letting people go for no reason.” Richardson’s quota is to pick 315 items per hour and five items per minute at the warehouse, and workers who don’t meet their quotas are terminated.
“You’re running at a consistent, fast pace,” he told The Guardian. “You ain’t got time to look around. You get treated like a number. You don’t get treated like a person. They work you like a robot.”
Details on efforts to unionize
Because of all the frustrates associated with working at the Amazon warehouse, Richardson and other union supporters easily secured signatures from 30% of workers, which was needed to call for a unionization election. He expects most of the employees to vote to join the Retail, Wholesale and Department Store Union.
If the workers win, it would be a landmark victory for labor in a traditionally conservative state. Labor experts told The Guardian that success in Alabama could pave the way for unions to be formed at more Amazon warehouses throughout the country.
Amazon fights back against the union
Amazon has been fighting back against the Retail, Wholesale and Department Store Union. It sends multiple anti-union text messages to employees every day. It has also forced employees to attend “information” meetings where management talks negatively about unions. The e-commerce giant even placed anti-union posters in the bathroom stalls.
The National Labor Relations Board sent the ballots on Feb. 8, and the employees have to send them back by Mar. 29. If a majority of workers vote to form a union at the Amazon warehouse, the online retailer will be forced to work with the RWDSU.
Amazon is part of the Entrepreneur Index, which tracks 60 of the biggest publicly traded companies still managed by their founders.

How to Make Low-Cost Video Content That Converts

February 23, 2021 7 min read
Opinions expressed by Entrepreneur contributors are their own.
In 2021, video content is going to be all marketers will be talking about, and rightly so. The statistics for previous years have been mindboggling and 2020 topped everything we have ever seen in terms of consumption rates for video content. 
As a small business owner, we all need to have maximum bang for our buck, but the video content space is not very straightforward and people can just as easily love your content or ad as they can hate it. Sometimes what differentiates both outcomes can be something as simple as placement, delivery, or language. 
Over the years I have had to learn how to navigate the slippery slope that is video content delivery by consistently trying and failing, and following the advice of some of the most recognized gurus in the video ad and marketing space such as Neil Patel, the Madsgency power duo of Hafiz Ahmad Ashfaq and Qadeer Wagriya, and the Click Funnels maestro, Russell Brunson. 
Related: How the Evolution of Video Content Will Influence Brand Visibility in …
The Invaluable lessons I have learned from these professionals have caused a massive shift in how I deliver my video content and ads, and this brings me to my first point: 
Educate yourself
I spent a staggering amount of marketing dollars on video ads that brought me little to no conversion for years. I convinced myself that I was a small business and that I couldn’t afford to hire Neil or Hafiz of Madsgency or any of the major agencies that had proven results.
However, I soon realized that if I had spent only a fraction of those dollars on educating myself on the ins and outs of video content and delivery via ads, I would have moved my company much further along. My revelation led me to read books from Russell, apply for the amazing Madsgency Tube Framework course, and consume scores of Neil’s videos and posts.Sometimes, failure comes to give you clarity and direction, but the only way to get away from a cycle of failure as a small business owner is to slow down, humble yourself and listen to the pros. To put it better, in the words of Hafiz, “Experience is the best teacher only if you learn from the experience of others who have failed and gotten it right.” I have picked up some valuable gems along the way while striving to educate myself. 
Related: 7 Secrets of Super-Successful Video Marketing –
Why your video ads are failing
YouTube is built for video and it is a no-brainer to suggest that the majority of your video ads should be placed on YouTube, even if your main audience is on Facebook or Instagram. The reason is that this capitalizes on intent, as people come to YouTube to watch videos, thus reducing the likelihood of people being ticked off by videos that pop up in their feed.  
According to Qadeer Wagriya, “The key to killing it with ads lies in three little words; research, targeting, and placement. Trial and error or assumptions will drain your coffers before you make any worthwhile profit.”
Research, targeting, and placement
YouTube gives small businesses a plethora of research opportunities to discover exactly who is their audience. The Google Ads platform is now much more advanced than many realize. The resources that the platform provides to discover what kind of audiences watch what type of videos makes it substantially easier to create our own custom audiences based on who is likely to be drawn to our videos. 
According to CNBC, 65% of people are likely to skip video ads, considerably shrinking the wall of opportunity that you have to get conversions. This also signals that you cannot waste dollars on arbitrary placements of ads. Google enables you to target major demographics, like age brackets, sex, or location. The targeting is so specific that you can even include or exclude particular towns or counties. 
Targeting is therefore based on your research results and how well you have identified your ideal customer. Google’s ability for precise targeting is next to none. The problem is often in our ability to sufficiently discover or describe our audience. 
Placement is your ability to pick the right kind of videos on YouTube to place your ads, reducing the chances that they are skipped or ignored. This placement is a result of your research and targeting. It is not enough to have ads playing on YouTube if the bulk of them are being viewed by people who have zero interest in what you are selling. Google ads allow you to target particular videos, channels, keyword searches, and video-types. The power of these placement options means that if done right, you can show up only where you need to be showing up, at least for the most part.  
Related: How to Use ‘Narrowcasting’ to Boost Engagement and Conversions
Your keyword placement
Keywords also play a huge part in your video ad performance. I know it seems too difficult to use keyword targeting for YouTube ads because of how broad of a targeting option that seems to be. The problem is that the only ads many small business owners know of are the TrueView in-stream ads. While keywords might be tough (but not impossible) to use for TrueView ads, they are ideal for YouTube Discovery ads. 
YouTube presents you with a plethora of ad types, in-stream skippable ads are clearly the most common, and perhaps in-stream non-skippable ads as well (these require immense creativity in the ad itself or it could kill your brand off). YouTube also offers you Bumper ads, Sidebar ads, and Discovery ads. Your duty is to find out what works for you and your budget and not just reel out the cash on what is commonly done.  
Webinar funnels
Another often ignored video content delivery system is webinars. Webinars by design work more for small businesses than big organizations, and yet it seems that small businesses more often ignore them.    
Hafiz Ahmad of Madsgency puts it quite succinctly; “A webinar funnel is basically one’s chance to talk face to face with their prospects, establish authority, poke them where it hurts and convert leads into customers. By design, this thing is not suitable for big companies or organizations; people love person-to-person dealing and this is where the idea of webinar funnels comes from.” 
Small businesses are seeking exposure and one of the most effective exposures you can have is one that establishes your expertise or one that models and illustrates your services/products. The art of building and delivering a webinar funnel is one that is taught rather extensively at the Madsgency Tube Framework course and one that has changed my business because it offers a relatively inexpensive way to get in front of your customers, reduce bounce rate, get raw data and create conversions. Webinars are a powerful way to build trust in a face-to-face setting and wherever trust is, sales happen. 
Webinars and effective YouTube ads changed the face of my business and scores of others in 2020. With the lingering effects of Covid-19 still around for us to deal with, they are very likely to become even more popular and effective. If these are done right, you are almost guaranteed to reduce ad-spend and increase your ROI. 

This Laptop Riser Has a Whiteboard Built In

With the work from home era showing no sign of abating, there is a growing demand for workspaces that nurture proficiency and productivity. As a result, more and more products are coming onto the market aimed at streamlining modern workplaces.
One such product is known as The Lift. Developed by FluidStance, designers of health-promoting balance boards and standing desk accessories, The Lift is a desktop hardware accessory. The product is designed to elevate a workspace while reducing paper waste and modernizing desk setups.
The Lift – A Laptop Riser with Whiteboard
Since the pandemic struck in early 2020, the number of employees working from home has been rapidly increasing. While remote working has many benefits, it also presents a number of challenges. The physical health of remote workers is one of them. Being confined to often cramped, ‘unprofessional’ workspaces, it is important workers have the right set-up at home to nurture a healthy working environment.
Being subjected to back or neck pain, or other injuries caused by sitting at inadequate desks all day, can take its toll on both physical and mental health. This can subsequently create downtime among workers and a reduction in productivity, which can come at the peril of a business.
Having products designed to nurture the likes of good posture when working from home can be beneficial, not only to employees working remotely, but ultimately for businesses as well.
Enter The Lift, a two-in-one desktop whiteboard and laptop, featuring dry erase space for brainstorming and jotting down notes.
Joel Heath, CEO and Founder of FluidStance, spoke of what compelled the company to create The Lift.
“We wanted to start the year off strong with the creation of an innovative product that tackled the needs of our customers as they settle into their new remote and modified work environments for the long run,” said Heath.
Decluttering Home Offices
Having a clutter-free and organized home office environment is conducive with heightened productivity, not to mention improved mental wellbeing. The Lift is aimed at helping professionals working from home de-clutter their workspace. By addressing the issue of paper waste, the product is also an environmentally conscious office accessory. By implementing The Lift into a workspace, businesses can have peace of mind they are ‘doing their bit’ for the environment.
Boasting a sleek and stylish design, FluidStance’s The Lift will make a stylish additional to any desk set-up. It will also go a long way in making a homeworking space look significantly more professional.
Image: fluidstance

Cherokee chief asks Jeep to remove his tribe's name from his off-road vehicles

“It is time for corporations and sports to remove the use of Native American names, images and mascots from their products,” says Cherokee leader Chuck Hoskin Jr.
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February 23, 2021 5 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

The chief chief of the Cherokee community asked the Jeep Automotive Company to remove the name of his tribe from its 4×4 vehicles.
The company that created the Jeep Grand Cherokee declared itself willing to “open and respectful dialogue” with the indigenous leader, but Hoskin maintains his position.
When we type the word ‘Cherokee’ in a search engine, most of the results are related to the famous vehicle of the Jeep brand. The same happens with other words derived from American Indian languages such as Apache, Pontiac and Cheyenne , among others, that are used commercially. For this reason, several native groups in the United States have raised their voices to give visibility to their peoples and prevent their culture and identity from being reduced to a consumer product.
In this context, Chuck Hoskin Jr., chief chieftain of the Cherokee tribe , called on the Jeep automaker to stop using his community’s name on its off-road vehicles. Specifically, these are the Cherokee and Grand Cherokee SUV models, which have been bearing that name for 45 years.
“I think we are in a time in this country where it is time for both corporations and team sports to withdraw the use of Native American names, images and mascots from their products, team jerseys and sports in general ,” Hoskin Jr. in a statement.
“I’m sure they mean well, but we are not honored to have our name taped to the side of a car,” added the Cherokee leader.

We innovate so the adventure never ends, with the all-new Jeep Grand Cherokee L.3 Rows of seats.10 ” touch screen.360º night vision camera.19-speaker, 960-watt McIntosh audio system.
– Jeep Mexico (@JeepMx) January 7, 2021
The company was not indifferent to the claims and was willing to dialogue with the native representative.
“The names of our vehicles have been carefully selected and nurtured over the years to honor and celebrate Native Americans for their nobility, craftsmanship and pride ,” Jeep said in a statement. “We are, more than ever, committed to an open and respectful dialogue with the Cherokee Nation’s chief director, Chuck Hoskin Jr.” the company added.
They ask for respect for their identity
An Indian people official revealed that Jeep representatives contacted the tribal chief earlier this month. However, Hoskin sees no possibility of agreement, as he considers it unacceptable that Jeep continues to use the community’s name on its 4x4s.
“It is one of the most valuable things. It is part of our identity. (…) And if we wanted to match who had the strongest claim, connection and affinity for the Cherokee name, it would certainly be the Cherokee people , ”the indigenous chief told CNN Business .
For his part, Cobb-Greetham , a member of the Chickasaw tribe, said that “if you are going to honor someone, give them an award. If you are going to name a product, you are selling it ” .
The Jeep Cherokee was launched in 1974, while the Grand Cherokee arrived in 1993. The original Cherokee model line was dropped in 2001, but the name was reintroduced in 2013 on a new compact SUV. The native Cherokee, however, have borne that name for centuries, long before Europeans came to the United States in the 16th century.
Jeep could follow the example of other brands
The automotive company is not the only one that has entered into controversy with the indigenous communities, due to the use of their symbols and language.
Washington Redskins (Washington Redskins). During the summer of 2020, the NFL team announced that they would be changing their name and will now be called Washington Football Team.
Cleveland Indians. The Ohio-based baseball team also reported that it plans to change its name.
Land O’Lakes. The dairy firm removed the image of a Native American woman from its labels.

How to Cultivate Confidence as a Leader

February 23, 2021 5 min read
Opinions expressed by Entrepreneur contributors are their own.
Confidence is one of your most important qualities as a leader. If you exhibit confidence, the rest of your team will have more faith in your decisions. They’ll be more likely to respect you and hear what you have to say. Additionally, you’ll be able to carry your confidence into negotiations, team meetings, client meetings and other interactions, ultimately giving you a tactical advantage.
The problem with confidence is that for many people, it doesn’t come naturally. You may not wake up in the morning feeling supremely confident the way some other people do.
Related: 11 Habits of Truly Happy People
But here’s an interesting little secret; some of the most confident people you’ve met weren’t naturally confident. Instead, they were faking it. Or maybe they trained themselves to be more confident. Or both.
If they can do it, you can do it. So let’s dig deeper. How can you cultivate more confidence as a leader?
1. Focus on what you do feel confident about
“Confidence” is a general term, but it applies to many individual actions and activities throughout the day. When delivering a pep talk in front of your team, you may not feel confident. But you may be perfectly confident solving a tough sudoku puzzle in the morning paper. Or you may feel confident about doing something simpler, like giving your drink order at the coffee shop before work.
In any case, there’s something you’re confident about, so focus on that. Pay close attention to this confidence, even if it blends in as part of the “white noise” of your normal routine. Dwell in this confidence. Focus on it. Chances are, this feeling will continue to resonate with you even as you complete other tasks.
2. Improve your environment
Next, consider improving your environment. We often don’t realize it, but our surroundings have a massive impact on how we feel about ourselves. Everything from the placement of your furniture to the color of your office walls can have an impact on your thoughts and feelings.
For example, if your office is small, dark, cramped and isolated from other employees, you might feel trapped, small and detached from your group. But if you have a brightly lit, colorful office with decorations you love and admire, you’ll feel much better about yourself. You can cultivate more confidence with a bigger space, a higher seating position, better visibility and access and of course, more things that suit your personal taste. Take the time to optimize your environment for your own confidence; you’ll likely notice a difference right away.
3. Practice the right poses
Our brains naturally connect our feelings to our body language. Most people understand this connection innately; when we feel happy, we smile, and when we’re angry, we frown. But it’s not common knowledge that this connection also works backward; smiling can actually “trick” your brain into feeling happier.
You can tap into this benefit by striking poses associated with confident, powerful people. For example, you can stand tall, chest lifted, with your hands on your hips. Or you can strike a superhero pose with your arms held high above your head. Do this in front of a mirror to make it even more powerful.
Related: Have 5 Minutes? Try Journaling to Keep Yourself Grateful for the Everyday.
No matter which pose you choose, you’ll probably start feeling more confident immediately. Just make sure you’re practicing these poses somewhere other people won’t see you; you might look silly if one of your employees catches you in the act. (Good luck restoring your confidence from there.)
4. Fake it
We’ve all heard the advice to “fake it till you make it,” but did you know this is based on an empirically-backed scientific principle? The basic idea is that confidence (or any feeling, really) is based on a cluster of neurons firing together in sequence. Even if you’re simply simulating confidence, and not really subjectively “feeling” it, you’ll be training these neurons to fire together and building good habits that will eventually come naturally to you.
For example, let’s say you walk into a team meeting feeling nervous and shy. Instead, you power through and force yourself to appear confident; you hold good posture, you use a firm and stable voice, and you express certainty in the face of skepticism from your employees. The next time you’re in this situation, this pattern will come more naturally to you. It will be easier.
Related: 5 Proven Strategies for Coping With Stage Fright
If you repeat this enough in an ample number of situations, eventually, you’ll start feeling more confident naturally.
Once you have more confidence as a leader, you’ll inspire more confidence and faith from your employees. You’ll be a more commanding presence in meetings. And you’ll win more negotiations and come out on top of disagreements. Eventually, these successes will reinforce your confidence even more -— and you’ll wonder what stopped you from feeling confident in the first place.

8 Ways to Finance Your Real Estate Career

February 23, 2021 5 min read
Opinions expressed by Entrepreneur contributors are their own.
If you’re considering a real estate career, you may also be wondering how to finance it. The majority of residential sales professionals, commercial agents and property managers are self-employed independent contractors who earn commission-based incomes that vary from month to month. Building up your business and income may take some time.
Typical real estate startup costs vary by state and the arrangement you have with a sponsoring broker. For instance, they may cover some amount of insurance, office supplies and advertising. Your upfront costs may include:
Pre-licensing class 
Exam and licensing 
Association membership
Marketing and branding
Continuing education
Computer equipment
Customer management software
Miscellaneous business utilities
If you don’t have ample financial runway to pay startup costs and cover your budget for at least six months, your real estate business could crash and burn quickly. As the owner of your business, you’re solely responsible for its success or failure. 
Consider using one or more of these eight funding options to increase your chances of success.
Related: Want to Make More Money in Real Estate Development? Use AI.
1. Maintain an income bridge
If you have a job, don’t be in a hurry to quit. Use your current income to help get your real estate business off the ground. Or you might start a side hustle and save the money you earn for your new venture.
Another option is to work part- or full-time in your chosen real estate field. For instance, if you want to go into sales, you could work as an assistant for a successful agent. That would allow you to maintain an income and learn about your future career.
2. Use your savings
Tapping your savings is the easiest way to finance your real estate career. It may take longer to save enough money to get started, but the upside is that you won’t give up any control or accumulate debt.
3. Liquidate valuable assets
If you’re willing to sell valuable assets, such as real estate, vehicles, jewelry, antiques or investments, they could be a funding source for your real estate career. While retirement account balances might look tempting, be aware of the downsides of tapping them. With most retirement accounts, such as a 401(k) or IRA, you’re restricted from taking early withdrawals and penalized if you’re younger than age 59.5. 
For traditional accounts, withdrawals are subject to income taxes plus an additional 10% penalty. If you have a Roth account, they offer more flexibility for withdrawing contributions that were previously taxed. However, draining your retirement account is typically a bad idea because it jeopardizes your future financial security.
4. Borrow from yourself
When you don’t have any savings or assets to fund your real estate business, another option is to borrow from yourself. For instance, you might use the equity in your home to qualify for a home equity line of credit (HELOC) or a home equity loan. They typically require at least 20% equity but come with low interest rates.
Credit cards charge relatively high interest rates, but offer an easy way to finance the expenses required to launch your business. If you will carry a balance for the foreseeable future, use a personal or business card with the lowest rate possible so you can reduce interest charges. Getting a low-rate personal loan may be another option to fund your real estate career.
If your retirement plan allows a 401(k) loan, you can borrow up to 50% of your balance up to $50,000 with a five-year repayment period, including interest. Again, tapping a retirement account should only be a financing option of last resort.
5. Take a loan from friends or family
Many small business owners get started by taking funding from friends or family who can give you a loan. While they may offer flexible repayment terms or a low-interest rate, this option comes with risks if it jeopardizes your relationship.
Carefully consider what would happen if your real estate venture fails or it takes you much longer than expected to repay the loan. It’s essential to document the terms of a loan from family or friends, so there aren’t any misunderstandings later on.
6. Apply for a business loan
Many banks and credit unions offer business loans to start or expand your venture. Getting a business loan may require you to have good credit, collateral and a business plan with income and expense projections. Or you may need a co-signer with good credit who agrees to be fully responsible for the debt.
If you need a loan with fewer financial requirements, consider applying for a Small Business Administration (SBA) loan. They guarantee repayment to institutions that underwrite loans for entrepreneurs, making you a less risky borrower. has a list of lenders that offer SBA-guaranteed loans.
7. Get a business line of credit
A business line of credit from a bank or credit union allows you to tap funds up to a limit when you need them for your business. As you repay amounts withdrawn plus interest, your credit line increases to the original amount, which you can continue to use. 
A credit line is one of the most flexible ways to fund your startup but qualifying may require good credit or collateral.
Related: 7 Quick Ways to Make Money Investing $1,000
8. Get partner financing
Suppose you’re interested in having a partner or working with a complementary business, such as a mortgage broker, who could benefit from your real estate business. In that case, they could be a funding source and may also offer services, expertise or a network that would boost your success.   
Once you know you want a real estate career, start calculating your startup expenses and saving money. Do your homework to figure out which funding sources you can rely on to launch your new business successfully.