Financing a Career in Racehorse Training: What You Need to Know

Question
hello sir, should i be financially strong before i step into American racehorse training industry? i mean to say, do i need to have tons of money in my pocket before taking up this profession?

Answer
You should be ready to spend a lot of money before you can expect a return. If you are to train the horses for an individual who will be financing the operation then I would say you do not have to have much money other than what is needed to purchase stable supplies and hire help. I would not say you should have "tons" of money to own horses, but you should be ready to lose a large amount of money if the horses that you gambled on buying do not perform.