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Speaker 1: Investing in America.

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Speaker 2: Yes, so let's get into this. We're going to bring

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Speaker 2: my brother Jose Rodriguez on. And this is something that

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Speaker 2: you know, a lot of people have been asking about

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Speaker 2: for a long tom and surprisingly enough, it's one of

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Speaker 2: these things that you know, we've talked about business. We

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Speaker 2: talked about credit a few times, but i'll earn your

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Speaker 2: leashes platform as far as like the podcast, you know,

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Speaker 2: we haven't really talked about business credit too much, And

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Speaker 2: I feel like we haven't even spoken about credit that much.

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Speaker 2: We have had a few episodes about credit. Last episode

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Speaker 2: that we had about credit, what's a year ago. Yeah,

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Speaker 2: I was thirteen months ago when Jose came on. That

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Speaker 2: was a big episode for us.

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Speaker 3: So I feel like it would be a good time

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Speaker 3: to we visit that conversation.

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Speaker 2: Starting twenty twenty two, off Right headed into the second

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Speaker 2: quarter to talk about business credit, talk about personal credit.

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Speaker 2: And there's a lot of different things that's going on

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Speaker 2: in the credit space. I just reported on something today

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Speaker 2: as far as you know, banks allowing people to pay

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Speaker 2: their rent with credit cards and things and that.

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Speaker 3: So it's a lot going on. But Jose was going on.

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Speaker 4: Brother, Hey, guys, is going on? Making you be good?

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Speaker 5: Yeah?

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Speaker 6: Perfect? Let me tell my volume a little bit.

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Speaker 3: Yeah, yeah, man, how you're good?

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Speaker 6: You're good?

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Speaker 3: How's it going? Awesome?

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Speaker 4: Good man.

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Speaker 7: I appreciate you guys. Man, appreciate it. I appreciate you

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Speaker 7: guys having to me back on no no column.

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Speaker 6: Man, we haven't seen you in so long, but that

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Speaker 6: was just early this month we lived together.

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Speaker 4: Yeah, yeah, yeah, yep, yep yeah.

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Speaker 6: When I told my wife, I said, yeah, we got

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Speaker 6: Jose to night for opening roll maentn.

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Speaker 8: She was just like, he's just one of the nicest people, like, yeah,

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Speaker 8: out five, maybe not, he might be top two, maybe

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Speaker 8: not too. Just the most genuine people we I've ever met.

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Speaker 4: So so you, bro, I appreciate that. Man, means a lot.

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Speaker 6: I'll see the new merch going off too. We got

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Speaker 6: cash debt.

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Speaker 7: Cash, don't use cash, don't use debit, use the AX.

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Speaker 7: And then the business credit veteran had you know, since

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Speaker 7: on the military promote business credit, so I figured I

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Speaker 7: switch it up a little bit.

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Speaker 6: I'll start generally I like it, I like it, I

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Speaker 6: like it.

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Speaker 2: So, yeah, anybody that's not familiar with Jose, he's been

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Speaker 2: on our platform variety of different times, from Eyo University

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Speaker 2: to the podcast to U recently just did ash Cash

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Speaker 2: this show Inside the Vault. And then of course you

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Speaker 2: know he's been working with DJ MVY and Caesar for

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Speaker 2: a long time doing real estate seminars with them, MG

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Speaker 2: the mortgage guy, the whole crew. So yeah, you know,

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Speaker 2: expert in the field. As Choice said, definitely one of

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Speaker 2: the nicest people, but one of the most knowledgeable people

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Speaker 2: as well. So you know, it's definitely one of these

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Speaker 2: topics that you can.

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Speaker 3: Never cover up.

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Speaker 2: Credit and it's something that you know, we talk about

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Speaker 2: stocks every single week literally, so we talk about credit

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Speaker 2: maybe a couple of times a year. You know, anytime

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Speaker 2: we get a chance to talk about credit is something

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Speaker 2: that you know is extremely beneficial because nobody knows it

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Speaker 2: all tlue to myself. You know, as far as especially

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Speaker 2: on the business credit side, but even on the personal

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Speaker 2: credit side, there's so much stuff that changes, so many

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Speaker 2: different you know, new rules, regulations, different agencies, bureaus, how

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Speaker 2: to check your credit, how not to get you know,

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Speaker 2: your credit identity taken and that can ruin your credit.

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Speaker 6: How to leverage it, how to use it in the business.

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Speaker 8: Then, like we're doing these things in real time, but

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Speaker 8: we're learning from exercise.

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Speaker 6: So that's that's that's why it's important.

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Speaker 3: Yeah, extremely important.

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Speaker 2: So so yeah, so I'll just give the quick rundown

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Speaker 2: then we could just get into it.

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Speaker 3: So what this is. We do this once a month

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Speaker 3: and it's called open enrollment.

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Speaker 2: So ey L University is a platform that we started

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Speaker 2: and that is our private school as far as the

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Speaker 2: education is concerned. Obviously everybody knows what we do. We're

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Speaker 2: earning your LEAGI on market, Mondays, podcasts, Instagram, all that

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Speaker 2: stuff every day free. But EUYL University is offline and

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Speaker 2: that's hands on, twelve thousand students in there, earners in there,

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Speaker 2: and that's we have a book club, movie club, I

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Speaker 2: do my financial planning calls, MG does biweekly real estate.

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Speaker 3: Calls, and one of the things that we have is

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Speaker 3: we have.

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Speaker 2: Weekly classes where it's a more hands on approach like Zoom,

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Speaker 2: where people get to ask questions and you know, interact

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Speaker 2: and different things of that nature. So we have what's

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Speaker 2: called open and rollment to show people like what Eyo

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Speaker 2: University is all about, and we do that the last

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Speaker 2: Wednesday of the month. So the last Wednesday of the

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Speaker 2: month is that, you know, we just pick a different topic.

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Speaker 2: We've done real estate, we've done stock charts, options, you know,

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Speaker 2: we've done pretty much everything with the opening rollments, but

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Speaker 2: we haven't done really credit.

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Speaker 3: So this is this is what this is going to be.

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Speaker 3: So we'll go over this.

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Speaker 2: We you can talk about Eyo University a little bit

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Speaker 2: more in detail later on. I will drop the link

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Speaker 2: for anybody that wants to join the Eyo University. But yeah,

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Speaker 2: I don't even always too much time. I want to

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Speaker 2: just get into it, and I know Jose got a

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Speaker 2: lot to talk about, so yeah, let's let's let's get it.

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Speaker 8: Hey, we got to mention that Jose is actually a professor.

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Speaker 8: Oh yeah university. One of our prestiges ten your stieges,

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Speaker 8: a ten yured professor is just that good.

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Speaker 3: Yes, yes, yes, Jose, the floor is yours brother.

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Speaker 4: Awesome man, Thank you guys. Once again. I appreciate you

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Speaker 4: guys and your leisures.

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Speaker 3: Definitely.

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Speaker 7: You know a platform that you know, you guys having

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Speaker 7: me on it, educating it on it.

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Speaker 4: I really appreciate it and uh.

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Speaker 7: The honor to be on here, to to give people

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Speaker 7: knowledge on the.

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Speaker 4: Personal and business credit.

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Speaker 7: Man. I look forward to changing some lives today. Man,

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Speaker 7: So let's get into it. Uh, those are you guys

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Speaker 7: that that don't know me? My name is the credit dude,

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Speaker 7: Jose Rodriguez. I served my country in the Marine Corps

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Speaker 7: and now I'm serving the community through credit. I own

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Speaker 7: a company called God Credit because you know, we're more

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Speaker 7: more than just a credit repair company. It's it's it's

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Speaker 7: it's there's a lot of power, as you guys can see,

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Speaker 7: in education, in actual knowledge. And the thing is is

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Speaker 7: it's not so much knowing how to fix your credit.

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Speaker 7: It's it's I believe there's more power and learning what

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Speaker 7: to do when you fix your credit and when you

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Speaker 7: get your credit to a certain point.

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Speaker 4: And that's what I'm here to teach you guys. You

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Speaker 4: know what I mean.

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Speaker 7: I think that a lot of people don't realize that

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Speaker 7: even with a six eighty seven hundred credit score, you

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Speaker 7: can make a lot of money, or you can start

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Speaker 7: a business. You can still work you nine to five,

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Speaker 7: and you can still do a lot of damage. And

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Speaker 7: I think that one of the things that I really

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Speaker 7: want people to understand is you don't need a perpose

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Speaker 7: credit score, like you don't need an eight hundred. Stop

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Speaker 7: chasing the you know, I make a joke all the

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Speaker 7: time with the new balances.

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Speaker 4: You know, you put the new balances on, you got

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Speaker 4: a A fifty.

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Speaker 7: The thing is is you don't need an a fifty,

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Speaker 7: a eight hundred, even a seven fifty to really take

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Speaker 7: your life to the next level. And the reason why

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Speaker 7: is is because there's something called business credit. And business

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Speaker 7: credit is one of those things where a lot of

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Speaker 7: people may not understand it, but it's really easier than

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Speaker 7: you think. But I always tell people, in order to

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Speaker 7: truly understand business credit, you do have to have your

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Speaker 7: personal credit on point, because this is the thing, how

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Speaker 7: do you expect to manage business credit? How do you

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Speaker 7: expect to still pay a credit card or or pay

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Speaker 7: a all a loan on the business side, and line

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Speaker 7: of credit and SBA loan or things like that, if

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Speaker 7: you're ignoring your personal credit and and and so it's like,

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Speaker 7: get your personal credit to a point where it's good.

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Speaker 4: And then just use it and then just leave it,

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Speaker 4: you know.

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Speaker 7: Just leave it alone and use that to leverage more

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Speaker 7: business credit. And so I'm gonna I'm gonna go over

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Speaker 7: some topics today, guys. I have I have some powerpoints,

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Speaker 7: but but I really want you guys and everybody watching

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Speaker 7: to realize, like what what can a business credit card do?

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Speaker 7: The thing is, you guys don't know what earn your

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Speaker 7: leisure does you know that you guys do events everywhere,

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Speaker 7: you know what I mean. You guys are are not

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Speaker 7: even nationally, you guys all over the world, you know

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Speaker 7: what I mean. So it's like, imagine not having the

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Speaker 7: money right now to join or or buy a course

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Speaker 7: that you guys offer, or attending event that you guys

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Speaker 7: are throwing. But imagine if you throw. Imagine if you

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Speaker 7: open up an LLC for the simple purpose of education,

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Speaker 7: and that could be your business. Your business is you're

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Speaker 7: educating yourself, and who knows what could happen when you

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Speaker 7: attend and earn your leisure event but if you don't,

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Speaker 7: if you didn't start that business, then you were afraid

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Speaker 7: to find that perfect LLC and that perfect business, You're

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Speaker 7: gonna be missing out on opportunities that could have you

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Speaker 7: could have had if.

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Speaker 4: You would attended an event a mastermind.

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Speaker 7: And that's the thing is you having a business doesn't

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Speaker 7: necessarily mean you have to have all this income coming in.

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Speaker 7: You can still open up an LLC and reap the

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Speaker 7: rewards of meeting meeting people in certain rooms, you know

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Speaker 7: what I mean. And that is the thing is where

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Speaker 7: I want to just touch base with you guys today.

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Speaker 7: I'm gonna share my screen. That's cool, right to share

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Speaker 7: my screen.

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Speaker 4: A little bit, all right?

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Speaker 6: Cool?

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Speaker 7: So all right, guys, so got credit follow me on Instagram,

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Speaker 7: you know, or you.

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Speaker 4: Leave your hashtag the biggest all right.

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Speaker 7: So when you guys come in here, so I always

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Speaker 7: tell people, remember why you're here.

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Speaker 4: Remember why, like remember why.

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Speaker 7: You're a part of E Y L. And more importantly,

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Speaker 7: you guys can see me good or see.

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Speaker 4: The screen good?

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Speaker 6: Yeah, you're good.

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Speaker 7: Okay, Remember remember why you guys are here, and remember

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Speaker 7: why you guys are doing everything with attending these these

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Speaker 7: types of YouTube videos. Right, it's really become the person

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Speaker 7: in your family that changes the way everyone moves.

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Speaker 4: And you can do it.

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Speaker 6: You go full screen for us, that would be great.

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Speaker 4: Full screen. Okay, let me see it.

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Speaker 7: Let me see all right, my bad share screen there

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Speaker 7: you go.

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Speaker 4: Okay, that's top. How's that?

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Speaker 2: I mean, it's a it's still like the not the

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Speaker 2: full thing, but it's all right, we manage it. See yeah,

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Speaker 2: I think if you hit the presentation thing at the top.

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Speaker 3: I gotcha.

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Speaker 4: Yeah. This is this is this is the part that

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Speaker 4: my VP does.

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Speaker 7: Usually I don't this type of stuff because this is

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Speaker 7: this is the marine inside of me, you know what

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Speaker 7: I mean.

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Speaker 6: Let me see if I might have clicked like slides

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Speaker 6: show all.

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Speaker 7: Right, slide yeah, I don't have like a present thing

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Speaker 7: or anything like that.

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Speaker 2: What I always all right, let me go back to zoom.

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Speaker 4: Sorry about that, guys.

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Speaker 7: This is sometimes why I don't do the proud points

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Speaker 7: because it's like throws me off a little bit.

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Speaker 3: All right, and.

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Speaker 9: All right.

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Speaker 7: So the thing is, guys, when it comes to your credit,

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Speaker 7: I always tell people, remember why you're doing it, and

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Speaker 7: remember the most important thing is it's not about yourself,

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Speaker 7: Like you should never look at credit and and kind

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Speaker 7: of be selfish.

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Speaker 4: You should always look at.

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Speaker 7: Credit as a as A as A as a as

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Speaker 7: something bigger, like for your kids and for your grandkids. Right,

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Speaker 7: And the goal is to make a business so that

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Speaker 7: you can buy your time back with your family and

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Speaker 7: become the best person you can be. Now, this is

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Speaker 7: the thing. If it wasn't for credit, it kind of

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Speaker 7: goes along with everything. If you have bad credit, if

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Speaker 7: you have late payments, maxile credit cards, collection charge offs,

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Speaker 7: you can typically look at the rest of your life

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Speaker 7: and be like, something else just isn't right, you know

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Speaker 7: what I mean.

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Speaker 4: So if you get your your credit right, usually.

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Speaker 7: Start going to the gym, you start buying better clothes,

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Speaker 7: you start looking a little bit different, you start walking

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Speaker 7: a little bit different.

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Speaker 4: And that's the true power.

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Speaker 7: And in something just something simple as credit, you really

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Speaker 7: start to move different. Man.

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Speaker 4: And and a lot of people are front of those

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Speaker 4: store cards.

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Speaker 7: But if you have good credit, you can afford maybe

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Speaker 7: a little bit of to look a little bit better.

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Speaker 7: Not more expensive clothes, right, but just have a better outfit.

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Speaker 7: So that way, when you go to a networking event,

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Speaker 7: and whatever the case is, it's really it's really all

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Speaker 7: about mindset too.

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Speaker 4: You know what I mean.

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Speaker 7: I always tell people cash is king, but credit is

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Speaker 7: the queen. And we all know who runs the castle,

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Speaker 7: right at the end of the day, the queen runs

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Speaker 7: the castle. And a lot of people think that cash

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Speaker 7: is king, which it is, right, it is king. But

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Speaker 7: it is easier to obtain one hundred thousand dollars in

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Speaker 7: credit cards than it is to save one hundred thousand

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Speaker 7: dollars in cash.

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Speaker 4: And that's a fact.

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Speaker 7: I can bet or do a versus with anybody on that,

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Speaker 7: Dave Ramsey, whoever the case is right, it is a

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Speaker 7: lot easier to build one hundred thousand dollars in credit

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Speaker 7: than it is to save. So the goal is always

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Speaker 7: to have forty five credit cards that each have twenty

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Speaker 7: to thirty thousand dollars credit limits.

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Speaker 4: And that'll completely change your life.

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Speaker 7: Why because now you have that one hundred thousand dollars

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Speaker 7: to start your business, to retire your mom, to hire

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Speaker 7: your wife, and to do so many things that I

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Speaker 7: did the same thing, you know what I mean, Like

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Speaker 7: retire my wife, retire my mom. Right, my brothers worked

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Speaker 7: for me, like my whole family, like you put everybody on.

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Speaker 4: And it all started with credit.

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Speaker 7: And it really started happening when I started doing a

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Speaker 7: lot of business credit, you know what I mean. So

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Speaker 7: just remember guys that there's a lot of power in credit.

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Speaker 3: All right.

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Speaker 7: Two things real quick that I always want to go

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Speaker 7: over it because I do want people to understand that

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Speaker 7: when it comes to your credit, if you're late, that

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Speaker 7: can affect up to one hundred and ninety two point

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Speaker 7: five points. And if you max out your credit cards,

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Speaker 7: that's one hundred and sixty five points. I made a

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Speaker 7: post on this the other day on Instagram. So if

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Speaker 7: you max out a credit card and you're late, that

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Speaker 7: can affect your credit score about three hundred and fifty points,

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Speaker 7: you know what I mean.

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Speaker 4: So make sure that you guys are still keeping that down.

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Speaker 7: And this is why business credit is so powerful, and

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Speaker 7: I'm gonna I'm gonna tell you guys why. All right,

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Speaker 7: number this slide right here. Make sure you guys are

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Speaker 7: monitoring your credit. You can go to god Credit Monitoring

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Speaker 7: dot com to go ahead and monitor your credit for

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Speaker 7: like twenty bucks a months. That's your personal credit. Okay,

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Speaker 7: the business there's nav dot com, which I've talked about

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Speaker 7: a lot. You want to get the business boost one

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Speaker 7: and then D and B which is free to get

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Speaker 7: your dun's number. All right, So guys, I know, I

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Speaker 7: know I went a little quick there, But the thing

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Speaker 7: is is you have to realize that one how credit works,

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Speaker 7: and you always have to, always, always, always have to

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Speaker 7: remember that a credit score is pretty much based on

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Speaker 7: what you do on your credit. So if you're maxing

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Speaker 7: out credit cards, if you're always late, if you're not

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Speaker 7: paying on time, that is ultimately gonna hurt your credit,

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Speaker 7: you know what I mean. And if you can't get

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Speaker 7: that part down on the personal side, then when it

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Speaker 7: comes to the business side, you're gonna think that doesn't matter.

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Speaker 4: But maintaining on time payments, guys, is key.

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Speaker 7: And the easiest way you guys can do that is

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Speaker 7: put everything on autopage. One of the things that my

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Speaker 7: mom first taught me when I got out the Marines

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Speaker 7: is put everything on auto pay. Doesn't matter if it's

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Speaker 7: a twenty five dollars payment or if it's a thousand

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Speaker 7: dollars payment. Put everything on autopay and you can never

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Speaker 7: be late. Right, So people like, oh, how do I

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Speaker 7: prevent charge offs? Well, prevent late payments? How do I

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Speaker 7: prevent late payments? Prevent a late payment by putting everything

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Speaker 7: auto pay, you know what I mean. So it all

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Speaker 7: starts with your habits in the beginning. To that way,

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Speaker 7: you never get to the to the worst part possible,

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Speaker 7: which is a charge off collection judgment, and then you've

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Speaker 7: got to hire people like me.

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Speaker 4: To help you out. But instead, if you teach your.

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Speaker 7: Kids about automatic payments, your grandkids, your cousin Denise, like,

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Speaker 7: you could really change a lot of lives just with

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Speaker 7: the auto payment.

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Speaker 4: And it's free, all right.

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Speaker 7: So, as you guys know, there's been a lot of

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Speaker 7: changes in the credit world and the credit space and

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Speaker 7: things like that. One of the biggest ones, guys, that

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Speaker 7: we've seen this year, which is pretty crazy, and I

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Speaker 7: actually like it. A lot of people don't like it

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Speaker 7: because it obviously if they're due credit repair, it's it's

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Speaker 7: gonna affect their business. The thing is, guys, as of

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Speaker 7: July of twenty twenty two, this is probably the biggest update.

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Speaker 7: As of July of twenty twenty two, paid medical collection

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Speaker 7: accounts are gonna come off the credit Okay, this is big.

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Speaker 7: This is a lot of what I see when people

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Speaker 7: hire us to like, yeah, I pay the collection accounts

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Speaker 7: two years, a three years, ago. You know, I'm able

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Speaker 7: to get a proof of credit cards and mortgages whatever

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Speaker 7: the case is, but I just wanted off my credit.

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Speaker 4: Well.

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Speaker 7: The great thing is, guys, is now medical collections are

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Speaker 7: gonna come off your credit if you pay them. That's powerful.

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Speaker 7: Why because even after July of twenty twenty two, if

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Speaker 7: you get a medical collection on your credit report and

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Speaker 7: you pay it, you don't have to get that letter

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Speaker 7: anymore that says, hey, will you remove this from my credit.

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Speaker 7: This is gonna change the lives of so many people

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Speaker 7: that were affected either by COVID you know, unfortunately, maybe

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Speaker 7: had a surgery, a code pay, whatever the case is.

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Speaker 7: So if you pay, if you have paid a medical

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Speaker 7: collection right now, right, a lot of people are like, oh,

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Speaker 7: I'm just gonna wait until July twenty twenty two to

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Speaker 7: fix my credit. Like, don't wait, because that's like four

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Speaker 7: months away. You still want to jump on still cleaning

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Speaker 7: those blemishes.

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Speaker 3: Now.

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Speaker 2: The other thing is that's big, that's big, huge, it's huge,

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Speaker 2: and the key word is paid.

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Speaker 3: Right.

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Speaker 6: They have to pay it off in order for it

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Speaker 6: to come off correct.

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Speaker 7: They have to pay it because back in the day,

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Speaker 7: you have to if you pay the medical collection, it

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Speaker 7: would still stay on there or yet work out an

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Speaker 7: arrangement with that collection agency to remove it, which we

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Speaker 7: all know doesn't always work, you know what I mean.

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Speaker 7: The other thing is, which is which is probably my

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Speaker 7: favorite thing of this is besides the paid collections, right,

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Speaker 7: is that as of early next year of twenty twenty three,

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Speaker 7: any medical collections that are under five hundred dollars won't

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Speaker 7: even be reported. So if you have a medical collection

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Speaker 7: that's four ninety nine, five hundred dollars and below, which

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00:17:34,240 --> 00:17:37,240
Speaker 7: is a copay which is maybe just you know, the

405
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Speaker 7: co insurance or whatever the case is, even if it's unpaid,

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Speaker 7: as of early of next year, those are not going

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Speaker 7: to be reported anymore.

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Speaker 3: Right.

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Speaker 4: So that's my favorite part of this new medical bill

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Speaker 4: that came out, is that.

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Speaker 7: That's another thing that we see people with, you know,

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Speaker 7: two hundred dollars collection, three hundred dollars collection, four hour collection,

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Speaker 7: and it drops their credit score two hundred points, one

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Speaker 7: hundred points, whatever the case is. And it's a copay. Man,

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Speaker 7: I just forgot to you know, howny times. I forget

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Speaker 7: to pay my cope all the time, like or they

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Speaker 7: send me another bill. It happens guys, it's you know,

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Speaker 7: we're human. We make mistakes, and I'm glad that the

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Speaker 7: credit bureaus are not are not penalizing people anymore for that,

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Speaker 7: you know what I mean. So the thing is is

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Speaker 7: when it comes to that earlier next year, you're gonna

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Speaker 7: start seeing those medical bills come off if they're under

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Speaker 7: five hundred hours. Now here's the thing, guys, who are

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Speaker 7: we talking about the credit bureaus. Do the credit bureaus

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Speaker 7: really report accurate information? Absolutely not. Do the credit bureaus

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Speaker 7: really do what they say they're gonna do, absolutely not.

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Speaker 7: So don't expect this to be a home run automatically.

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Speaker 7: You know what, July twenty twenty two, everything's gonna come off,

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Speaker 7: and then early next year everything under five hundred is

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Speaker 7: gonna come off.

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Speaker 4: It is not gonna work that way.

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Speaker 7: And I promise you that the credit bureas are gonna

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Speaker 7: lag on it.

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Speaker 4: They're not. They're gonna take their time.

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Speaker 7: Right, But they do have like algorithms right where if

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Speaker 7: it meets a certain criteria, it should fall off. But

437
00:18:58,520 --> 00:19:01,640
Speaker 7: do expect to see some type of laves with that.

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Speaker 7: And then the other third one when it comes to

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Speaker 7: this is before it would be six months before a

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Speaker 7: medical collection agency or a doctor or any medical provider

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Speaker 7: can send your bill to collections. It will usually be

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Speaker 7: six months. Now it's twelve months. So what that means

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Speaker 7: is you have an extra six months to work out

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Speaker 7: an arrangement with a medical bill to prevent it from

445
00:19:24,200 --> 00:19:26,520
Speaker 7: going to collections. And I always tell people this, it

446
00:19:26,560 --> 00:19:30,640
Speaker 7: doesn't matter what how much you have as a medical bill.

447
00:19:31,160 --> 00:19:34,000
Speaker 7: Pay twenty five or fifty dollars a month and that's it.

448
00:19:34,240 --> 00:19:35,879
Speaker 7: You never really want to put that on a credit

449
00:19:35,880 --> 00:19:37,760
Speaker 7: card unless you know that you're going to pay it off,

450
00:19:37,760 --> 00:19:40,200
Speaker 7: because now you're paying interest on something that you could

451
00:19:40,240 --> 00:19:43,040
Speaker 7: have just made some payments on right So if you

452
00:19:43,119 --> 00:19:46,600
Speaker 7: have medical bills right now, guys, and they're unpaid, it

453
00:19:46,640 --> 00:19:50,119
Speaker 7: won't take into effect until July of twenty two for

454
00:19:50,200 --> 00:19:52,080
Speaker 7: it to be twelve months. So reach out if you

455
00:19:52,080 --> 00:19:54,040
Speaker 7: have medical bills, open your mail because I suck at

456
00:19:54,040 --> 00:19:57,439
Speaker 7: that sometimes too, and just open the mail and start

457
00:19:57,440 --> 00:20:00,280
Speaker 7: making arrangements so that way you don't have to hire

458
00:20:00,320 --> 00:20:02,280
Speaker 7: someone to fix your credit. You don't mean pay the

459
00:20:02,359 --> 00:20:05,520
Speaker 7: bills on time, keep your debt low, and the medical

460
00:20:05,520 --> 00:20:09,400
Speaker 7: collections is the biggest thing is pay them off because

461
00:20:09,640 --> 00:20:12,120
Speaker 7: as of July twenty twenty two, they're gonna come off

462
00:20:12,119 --> 00:20:13,760
Speaker 7: your credit you know what I mean. Now, I'm not

463
00:20:13,800 --> 00:20:16,159
Speaker 7: saying don't dispute it, right, you still have as a

464
00:20:16,240 --> 00:20:18,320
Speaker 7: right as a consumer to dispute anything that you feel

465
00:20:18,440 --> 00:20:22,000
Speaker 7: is inaccurate and and could be unverifiable. So still go

466
00:20:22,040 --> 00:20:24,280
Speaker 7: after them if you feel like you know you're good,

467
00:20:24,280 --> 00:20:26,320
Speaker 7: because it's the thing. If you're if you're a medical

468
00:20:26,320 --> 00:20:30,280
Speaker 7: bill is unpaid and over five hundred dollars, even as

469
00:20:30,280 --> 00:20:31,640
Speaker 7: of next year, it's still going to be on there,

470
00:20:31,680 --> 00:20:33,159
Speaker 7: So you still want to you still want to take

471
00:20:33,200 --> 00:20:36,240
Speaker 7: care of it, all right. The second thing is the

472
00:20:36,280 --> 00:20:39,920
Speaker 7: Wells Fargo rank card that Rashad put on his Instagram.

473
00:20:40,080 --> 00:20:43,240
Speaker 7: I think it's great you still do so Wells Fargo.

474
00:20:43,480 --> 00:20:47,239
Speaker 7: Right real quick, I'm gonna wrote, Wells Fargo is a

475
00:20:47,280 --> 00:20:49,720
Speaker 7: creditor that does pull experience. So there's Chase, and so

476
00:20:49,760 --> 00:20:52,760
Speaker 7: does American Express. A lot of your creditors that drive

477
00:20:52,840 --> 00:20:56,359
Speaker 7: like a high limit are gonna pull experience. So what

478
00:20:56,400 --> 00:20:59,000
Speaker 7: does that mean? Even with this credit card? It is

479
00:20:59,119 --> 00:21:01,840
Speaker 7: built off of this. It's called the built rewards, so

480
00:21:01,960 --> 00:21:04,680
Speaker 7: be ilt rewards pretty much.

481
00:21:04,880 --> 00:21:08,880
Speaker 4: They give you the credit card and through built is.

482
00:21:08,920 --> 00:21:10,879
Speaker 7: Will you get the rewards and things like that that

483
00:21:10,960 --> 00:21:13,200
Speaker 7: you can convert the cash and all that stuff, right,

484
00:21:13,359 --> 00:21:16,000
Speaker 7: So you still need decent credit to do this.

485
00:21:16,440 --> 00:21:17,240
Speaker 4: Now here's the thing.

486
00:21:17,720 --> 00:21:20,680
Speaker 7: Be careful with this because even though the credit card

487
00:21:20,760 --> 00:21:23,080
Speaker 7: does come with a limit and you can use it

488
00:21:23,119 --> 00:21:27,480
Speaker 7: at certain places to pay your rent, if you max

489
00:21:27,520 --> 00:21:29,840
Speaker 7: it out, it is going to drop your credit score. Okay,

490
00:21:29,920 --> 00:21:32,119
Speaker 7: So just be careful with that that if you get

491
00:21:32,320 --> 00:21:33,760
Speaker 7: you know, don't look at it as like, oh, man,

492
00:21:33,760 --> 00:21:35,639
Speaker 7: I can pay three months of rent with this and

493
00:21:35,680 --> 00:21:38,040
Speaker 7: then carry the balance, because there are going to be

494
00:21:38,520 --> 00:21:40,679
Speaker 7: you know, penalties if you carry a high balance, and

495
00:21:40,720 --> 00:21:43,679
Speaker 7: that penalty is going to be a lower credit score. Also,

496
00:21:43,840 --> 00:21:46,919
Speaker 7: if it's like to my understanding, like let's say, if

497
00:21:46,960 --> 00:21:49,440
Speaker 7: it's a place like you're renting from a house, right

498
00:21:50,000 --> 00:21:52,440
Speaker 7: and they don't accept the credit card, right, and you're

499
00:21:52,440 --> 00:21:54,679
Speaker 7: renting from like a landlord and things like that. A

500
00:21:54,720 --> 00:21:57,199
Speaker 7: lot of places that are landlords, they don't either accept

501
00:21:57,240 --> 00:22:00,720
Speaker 7: cash or money order. You can still pay with the

502
00:22:00,760 --> 00:22:03,919
Speaker 7: credit card online and it'll mail them a check, you

503
00:22:03,920 --> 00:22:05,879
Speaker 7: know what I mean. So that's pretty dope, but a

504
00:22:05,880 --> 00:22:08,359
Speaker 7: lot of places probably won't accept it, Like your higher

505
00:22:08,400 --> 00:22:11,560
Speaker 7: luxury in places they're gonna accept the Wells Fogle RNT card,

506
00:22:12,040 --> 00:22:15,640
Speaker 7: which is good, but just remember that, you know, keep

507
00:22:15,680 --> 00:22:17,439
Speaker 7: trying to keep the utilization low. So as soon as

508
00:22:17,440 --> 00:22:19,720
Speaker 7: you pay your rent with that credit card, pay the

509
00:22:19,920 --> 00:22:21,680
Speaker 7: pay the amount all so that way you don't carry

510
00:22:21,680 --> 00:22:25,320
Speaker 7: a high balance. The two other things that that are

511
00:22:25,320 --> 00:22:27,440
Speaker 7: probably one of the two of the most important things.

512
00:22:27,240 --> 00:22:28,040
Speaker 4: Is to be careful.

513
00:22:28,080 --> 00:22:32,160
Speaker 7: For guys, there's a lot of credit repair industry companies

514
00:22:32,200 --> 00:22:35,600
Speaker 7: in this in this world right got credit can't do

515
00:22:35,680 --> 00:22:37,720
Speaker 7: it all, you know what I mean. And I always

516
00:22:37,760 --> 00:22:41,400
Speaker 7: say collaboration is bigger than competition, like how Matt says

517
00:22:41,400 --> 00:22:44,080
Speaker 7: and anything like that. So guys, if you're doing credit repair,

518
00:22:44,800 --> 00:22:46,800
Speaker 7: this is kind of like a warning. Not for me,

519
00:22:47,200 --> 00:22:49,120
Speaker 7: and I'm not gonna put up the article to put

520
00:22:49,160 --> 00:22:52,080
Speaker 7: anybody on blasts. But there was a company in Texas

521
00:22:52,119 --> 00:22:55,679
Speaker 7: that was shut down for doing these two things, charging

522
00:22:55,760 --> 00:22:59,960
Speaker 7: up front and providing their consumers tradelines. Okay, if you

523
00:23:00,119 --> 00:23:01,680
Speaker 7: want to google it, I'm not going to bring it

524
00:23:01,760 --> 00:23:03,679
Speaker 7: up because I don't feel like I don't want to

525
00:23:04,800 --> 00:23:07,880
Speaker 7: do this on this platform where anybody that's on there,

526
00:23:08,000 --> 00:23:08,919
Speaker 7: you know, the got in trouble.

527
00:23:09,080 --> 00:23:09,840
Speaker 4: But just google it.

528
00:23:09,960 --> 00:23:12,320
Speaker 7: FTC halts credit a pair company and it'll come up

529
00:23:12,480 --> 00:23:16,639
Speaker 7: Federal Trade Commission, right, So just be careful with this

530
00:23:16,680 --> 00:23:18,200
Speaker 7: because I know there's a lot of people that want

531
00:23:18,200 --> 00:23:19,920
Speaker 7: to do credit. They want to do credit repair, and

532
00:23:20,160 --> 00:23:21,800
Speaker 7: it's a really good industry to be in because you

533
00:23:21,800 --> 00:23:22,520
Speaker 7: can change.

534
00:23:22,320 --> 00:23:23,040
Speaker 4: A lot of lives.

535
00:23:23,560 --> 00:23:27,040
Speaker 7: Just be careful with offering up front payments, meaning if

536
00:23:27,080 --> 00:23:29,439
Speaker 7: you're charging people the same day that they sign up

537
00:23:29,480 --> 00:23:32,240
Speaker 7: with you, just be careful with that, guys. And if

538
00:23:32,240 --> 00:23:34,520
Speaker 7: you're enrolling with a company that charges the same day,

539
00:23:34,920 --> 00:23:36,000
Speaker 7: be careful with that too.

540
00:23:36,320 --> 00:23:36,480
Speaker 3: Right.

541
00:23:36,680 --> 00:23:38,680
Speaker 7: There's usually a grace period as to when you can

542
00:23:38,720 --> 00:23:41,760
Speaker 7: cancel and then you can charge that first payment or

543
00:23:41,760 --> 00:23:45,240
Speaker 7: whatever the case is, and that's usually what the law allows,

544
00:23:45,520 --> 00:23:48,639
Speaker 7: which is called CROW the Credit Repair Organizations Act, and

545
00:23:48,680 --> 00:23:51,080
Speaker 7: then trade lines. Be careful with that too, you know

546
00:23:51,119 --> 00:23:53,240
Speaker 7: what I mean. Like it's one of those things that

547
00:23:53,960 --> 00:23:56,080
Speaker 7: you know, it's a grey area, but a lot of

548
00:23:56,080 --> 00:23:58,480
Speaker 7: people that are getting in trouble are people that offer

549
00:23:58,560 --> 00:24:01,800
Speaker 7: both up front payments and I'm not saying you can

550
00:24:01,840 --> 00:24:04,320
Speaker 7: do either or if you're doing credit apair, just be

551
00:24:04,359 --> 00:24:07,280
Speaker 7: careful because this industry, you know, it's it's I breathe

552
00:24:07,280 --> 00:24:10,680
Speaker 7: and eat, and sleep it. So just be careful with

553
00:24:10,960 --> 00:24:13,760
Speaker 7: doing things because not only a you're gonna be jeopardizing yourself,

554
00:24:13,800 --> 00:24:15,720
Speaker 7: but I hate to see people get in trouble for

555
00:24:15,760 --> 00:24:18,840
Speaker 7: stuff that could have been avoided, you know what I mean.

556
00:24:18,880 --> 00:24:21,800
Speaker 4: So just just be very very careful with what.

557
00:24:21,640 --> 00:24:24,560
Speaker 7: You're doing and how you're changing people's lives, because this

558
00:24:24,640 --> 00:24:27,560
Speaker 7: industry can not only hurt the people that you're helping,

559
00:24:27,880 --> 00:24:29,880
Speaker 7: but it could land you in jail. And you don't

560
00:24:29,920 --> 00:24:31,119
Speaker 7: want to be the one that's in front of a

561
00:24:31,160 --> 00:24:33,240
Speaker 7: newspaper or article that you got in trouble.

562
00:24:33,560 --> 00:24:33,879
Speaker 4: Okay.

563
00:24:34,000 --> 00:24:35,960
Speaker 7: The other thing with personal credit, you always want to

564
00:24:36,080 --> 00:24:38,240
Speaker 7: use it to maximize for business credit.

565
00:24:38,320 --> 00:24:39,520
Speaker 4: And that's what I mentioned before.

566
00:24:39,640 --> 00:24:42,520
Speaker 7: All right, so guys, an alternative to building business credit

567
00:24:42,840 --> 00:24:45,800
Speaker 7: to tradelines, Right, you guys can take a screenshot of this.

568
00:24:45,840 --> 00:24:48,080
Speaker 7: I'm gonna give you guys my email address if you

569
00:24:48,080 --> 00:24:51,639
Speaker 7: guys do want to copy the slides. All these cards, guys,

570
00:24:53,280 --> 00:24:56,600
Speaker 7: are good cards to get to build credit. You gotta

571
00:24:56,680 --> 00:24:59,160
Speaker 7: have a foundation, You gotta have some type of credit cards.

572
00:24:59,200 --> 00:25:00,200
Speaker 4: You got to have something.

573
00:25:00,359 --> 00:25:02,600
Speaker 7: You can't just expect the seven to fifty credit score

574
00:25:02,640 --> 00:25:05,560
Speaker 7: with one credit card. Unfortunately, it's not the way it works.

575
00:25:05,800 --> 00:25:07,960
Speaker 7: You can't expect to have an eight hundred credit score

576
00:25:08,119 --> 00:25:10,280
Speaker 7: if you're eighteen, you know what I mean. You can't

577
00:25:10,320 --> 00:25:12,560
Speaker 7: expect to have it an eight hundred credit score or

578
00:25:12,600 --> 00:25:15,480
Speaker 7: seven fifty credit score if you're twenty seven thirty and you.

579
00:25:15,560 --> 00:25:18,280
Speaker 4: Just started building your credit. You know what I mean.

580
00:25:18,480 --> 00:25:21,159
Speaker 7: So these all, all of these accounts, guys take a

581
00:25:21,200 --> 00:25:25,200
Speaker 7: screenshot of it self. Lender to save these account kickoff.

582
00:25:25,240 --> 00:25:27,120
Speaker 7: They give you a five hundred dollars limit to buy

583
00:25:27,119 --> 00:25:30,680
Speaker 7: something on their website. Grain it goes off of your

584
00:25:30,760 --> 00:25:34,120
Speaker 7: checking account. Everybody should know who Capital one is. They

585
00:25:34,160 --> 00:25:37,240
Speaker 7: give Starter Cards up to three thousand dollars, the Pedal

586
00:25:37,280 --> 00:25:42,040
Speaker 7: Card up to ten thousand dollars, the Tomo Card Extra card,

587
00:25:42,119 --> 00:25:44,840
Speaker 7: and the X one Those typically will go off of

588
00:25:44,880 --> 00:25:47,280
Speaker 7: your bank account. So what does that mean? That means

589
00:25:47,320 --> 00:25:50,760
Speaker 7: that if you have a personal checking account, which which

590
00:25:50,800 --> 00:25:52,960
Speaker 7: believe it or not, a lot of people don't get

591
00:25:52,960 --> 00:25:55,639
Speaker 7: a personal checking account, right If you owe money in

592
00:25:55,720 --> 00:25:58,200
Speaker 7: check systems, if you ain't disputed it and you didn't

593
00:25:58,400 --> 00:26:01,280
Speaker 7: and it didn't come off pay check systems. Check systems

594
00:26:01,359 --> 00:26:04,399
Speaker 7: is the third party reporting agency that reports anything that

595
00:26:04,440 --> 00:26:08,720
Speaker 7: you owe to banks and nowadays guys, our generation, our community.

596
00:26:09,000 --> 00:26:12,200
Speaker 4: Right, they use cash app, they use Venmo.

597
00:26:12,320 --> 00:26:15,800
Speaker 7: Why do you think they're putting all these protections and

598
00:26:15,840 --> 00:26:18,160
Speaker 7: things like that on Venmo and cash apt because people

599
00:26:18,160 --> 00:26:20,560
Speaker 7: were abusing it. Get a checking account. How do you

600
00:26:20,600 --> 00:26:23,080
Speaker 7: expect to buy a house, get a mortgage, start a

601
00:26:23,119 --> 00:26:25,199
Speaker 7: business if you don't have a checking account. Get a

602
00:26:25,280 --> 00:26:29,200
Speaker 7: checking account. It's one of the sometimes the hardest things

603
00:26:29,240 --> 00:26:30,600
Speaker 7: to do, but it's the easiest thing.

604
00:26:30,440 --> 00:26:34,440
Speaker 4: To do, Okay. Pedal, Tomo, I mean a Tomo Extra

605
00:26:34,560 --> 00:26:35,880
Speaker 4: card and X one.

606
00:26:36,200 --> 00:26:38,600
Speaker 7: These are all credit cards that are typically going to

607
00:26:38,640 --> 00:26:40,879
Speaker 7: approve you based on if if you have a really

608
00:26:40,880 --> 00:26:44,240
Speaker 7: good checking account history and they don't run your credit.

609
00:26:44,720 --> 00:26:47,640
Speaker 7: X one is the only one that runs your credit afterwards.

610
00:26:47,800 --> 00:26:50,760
Speaker 7: And Solo's pedal, so they'll preapprove you. And if you

611
00:26:50,800 --> 00:26:53,399
Speaker 7: get pre approved good these So if you look at

612
00:26:53,440 --> 00:26:56,760
Speaker 7: it ten thousand, ten thousand, five thousand, five thousand, three

613
00:26:56,760 --> 00:26:59,040
Speaker 7: thousand up up to Capitol one a thousand with grain,

614
00:26:59,280 --> 00:27:01,679
Speaker 7: you're looking at twenty to thirty thousand dollars. Guys, and

615
00:27:01,760 --> 00:27:04,719
Speaker 7: these startup credit cards. You don't need secure credit cards.

616
00:27:04,840 --> 00:27:08,120
Speaker 7: You don't need to do tradelines. And this is the thing.

617
00:27:08,160 --> 00:27:10,520
Speaker 7: A lot of people do tradelines because they're in patient. Guys,

618
00:27:10,760 --> 00:27:13,600
Speaker 7: like you messed up your credit, you gotta wait, you

619
00:27:13,640 --> 00:27:14,879
Speaker 7: know what I mean, You gotta wait your turn, Like

620
00:27:14,920 --> 00:27:17,800
Speaker 7: you can't expect to have great credit overnight. Be a

621
00:27:17,840 --> 00:27:20,000
Speaker 7: little bit patient, and I promise you that you're gonna

622
00:27:20,040 --> 00:27:21,239
Speaker 7: get to where you gotta get to.

623
00:27:21,600 --> 00:27:23,120
Speaker 4: Just put in the work, you know what I mean.

624
00:27:23,119 --> 00:27:23,440
Speaker 10: You can't.

625
00:27:23,440 --> 00:27:27,639
Speaker 7: There's no fast there's no pill to fast track good health.

626
00:27:28,040 --> 00:27:31,120
Speaker 7: And there really is no secret letter or secret account

627
00:27:31,119 --> 00:27:33,960
Speaker 7: that's gonna fast track you the good credit the right way.

628
00:27:34,359 --> 00:27:37,639
Speaker 7: The last two accounts, guys, Pentagon Federal and Digital Federal

629
00:27:37,680 --> 00:27:41,360
Speaker 7: Credit Union. These are two great accounts to have, especially

630
00:27:41,400 --> 00:27:43,640
Speaker 7: if you're looking for a checking account and things like that.

631
00:27:43,760 --> 00:27:46,120
Speaker 7: You could open up with five dollars and they give

632
00:27:46,320 --> 00:27:48,720
Speaker 7: really good limits when it comes to even people that

633
00:27:48,840 --> 00:27:52,080
Speaker 7: have subpart credit and subpart credit, guys, is like six

634
00:27:52,400 --> 00:27:54,600
Speaker 7: hundred and six to twenty things like that. All right,

635
00:27:54,840 --> 00:27:57,520
Speaker 7: So those ten accounts, guys, should get you to a

636
00:27:57,520 --> 00:28:00,159
Speaker 7: point where if you have no credit at all, those

637
00:28:00,200 --> 00:28:01,879
Speaker 7: are ten accounts that you can use right now to

638
00:28:01,920 --> 00:28:02,680
Speaker 7: apply for credit.

639
00:28:03,320 --> 00:28:05,840
Speaker 8: Take a screenshot for the ones that say bank account

640
00:28:05,960 --> 00:28:07,680
Speaker 8: is like is there a minimum minimum you need to

641
00:28:07,720 --> 00:28:09,480
Speaker 8: have inside the account, like maybe five hundred or a

642
00:28:09,480 --> 00:28:10,840
Speaker 8: thousand dollars to get approved.

643
00:28:11,680 --> 00:28:14,359
Speaker 7: It's crazy because I've seen people with no money in

644
00:28:14,359 --> 00:28:15,200
Speaker 7: the account.

645
00:28:14,920 --> 00:28:16,840
Speaker 4: But have good history get approved.

646
00:28:17,080 --> 00:28:19,160
Speaker 7: And then I see people that have two thousand dollars

647
00:28:19,200 --> 00:28:22,240
Speaker 7: in the bank one time and then have negative history before.

648
00:28:22,800 --> 00:28:23,840
Speaker 4: So it's as long.

649
00:28:23,720 --> 00:28:26,840
Speaker 7: As you don't have like a lot of negative balances

650
00:28:26,880 --> 00:28:29,119
Speaker 7: in the bank account, you should be good. But you

651
00:28:29,160 --> 00:28:31,080
Speaker 7: typically want to have at least a little bit of

652
00:28:31,119 --> 00:28:32,439
Speaker 7: cash in there for when you apply.

653
00:28:32,520 --> 00:28:34,080
Speaker 4: So that way, the can you know, give you a

654
00:28:34,080 --> 00:28:37,040
Speaker 4: good limit perfect, you know what I mean. And then

655
00:28:37,280 --> 00:28:37,760
Speaker 4: and then the.

656
00:28:37,720 --> 00:28:40,040
Speaker 7: Thing is, if you don't have a bank account, get

657
00:28:40,040 --> 00:28:43,680
Speaker 7: one with Pentagon Federal or Digital Federal Credit Union. You

658
00:28:43,720 --> 00:28:47,120
Speaker 7: could do these all online and then open up a

659
00:28:47,120 --> 00:28:49,960
Speaker 7: bank account, throw some money in there, do your direct deposit,

660
00:28:50,040 --> 00:28:52,560
Speaker 7: and then apply apply with X one extra and Tomo

661
00:28:52,880 --> 00:28:53,600
Speaker 7: and boom, now.

662
00:28:53,480 --> 00:28:54,880
Speaker 4: You've got three credit cards.

663
00:28:54,920 --> 00:28:56,760
Speaker 7: Like a lot of clients are getting a proof of

664
00:28:56,760 --> 00:28:58,800
Speaker 7: fifty five hundred, ten thousand, you know what I mean,

665
00:28:58,960 --> 00:29:01,560
Speaker 7: seventy five hundred. That's a game changer right there, because

666
00:29:01,600 --> 00:29:04,280
Speaker 7: now you have access to credit that you didn't have

667
00:29:04,320 --> 00:29:08,080
Speaker 7: to do with the tradeline or or a secure credit card.

668
00:29:08,120 --> 00:29:09,520
Speaker 7: The worst thing you can do is get a secure

669
00:29:09,560 --> 00:29:11,320
Speaker 7: credit card for five thousand dollars.

670
00:29:11,560 --> 00:29:14,720
Speaker 4: Don't don't ever think you need to do that. All right,

671
00:29:14,920 --> 00:29:16,440
Speaker 4: So guys, get.

672
00:29:16,320 --> 00:29:18,120
Speaker 7: Your personal credit up, and guess what. If you have

673
00:29:18,240 --> 00:29:21,440
Speaker 7: good personal credit, you can pre qualify with Wells Fargo,

674
00:29:21,520 --> 00:29:27,640
Speaker 7: Bank of America, Chase, Capital One, American Express, Discover and

675
00:29:27,680 --> 00:29:29,760
Speaker 7: they'll you could just go on their website, right on

676
00:29:29,840 --> 00:29:31,760
Speaker 7: each of these companies websites and say, hey, I want

677
00:29:31,760 --> 00:29:34,600
Speaker 7: to pre qualify before I actually apply for you. Next thing,

678
00:29:34,600 --> 00:29:36,520
Speaker 7: you know you have good credit, Boom. Now you get

679
00:29:36,520 --> 00:29:40,040
Speaker 7: a thirty thousand dollars Chase card, a fifteen thousand dollars Discover,

680
00:29:40,280 --> 00:29:41,880
Speaker 7: three or four American Express cards.

681
00:29:41,880 --> 00:29:43,320
Speaker 4: Boom. Now you're building.

682
00:29:42,960 --> 00:29:45,480
Speaker 7: Your personal credit up so that way, when you start

683
00:29:45,480 --> 00:29:49,040
Speaker 7: building business credit, it's a complete game changer, you know

684
00:29:49,080 --> 00:29:51,280
Speaker 7: what I mean. It's a complete it's a complete, complete

685
00:29:51,280 --> 00:29:52,120
Speaker 7: game changer, guys.

686
00:29:52,360 --> 00:29:55,440
Speaker 4: And with business credit, here's the thing. When you when

687
00:29:55,520 --> 00:29:57,760
Speaker 4: you really start.

688
00:29:57,400 --> 00:30:00,360
Speaker 7: Focusing on the business credit and you get your personal

689
00:30:00,400 --> 00:30:03,200
Speaker 7: credit to a point where it's good. Like I said,

690
00:30:03,280 --> 00:30:05,720
Speaker 7: six eighty seven hundred guys, it doesn't need to be perfect.

691
00:30:06,640 --> 00:30:10,800
Speaker 7: You really start moving differently, You really start to attract

692
00:30:10,960 --> 00:30:14,880
Speaker 7: different people in your life because you're on a different mindset. Right,

693
00:30:15,080 --> 00:30:19,560
Speaker 7: if you're focused on attending masterminds and attending events, going

694
00:30:19,600 --> 00:30:22,560
Speaker 7: to invest vests, going to ear and you leisure workshops, right,

695
00:30:23,120 --> 00:30:26,160
Speaker 7: and you might not have a business yet, but you're

696
00:30:26,240 --> 00:30:28,040
Speaker 7: paying to get in certain rooms.

697
00:30:28,360 --> 00:30:29,560
Speaker 4: You start try.

698
00:30:29,560 --> 00:30:31,720
Speaker 7: Like you start looking at the people you grew up with, like, man,

699
00:30:31,720 --> 00:30:33,800
Speaker 7: this guy hasn't done nothing like the last ten years.

700
00:30:33,880 --> 00:30:36,520
Speaker 7: No wonder why I'm not even doing anything because I'm

701
00:30:36,720 --> 00:30:39,880
Speaker 7: I'm around the wrong people. And and your credit can

702
00:30:40,160 --> 00:30:43,760
Speaker 7: literally get you into rooms that you never thought possible.

703
00:30:44,160 --> 00:30:46,520
Speaker 7: But your credit can get you in there. Why you

704
00:30:46,520 --> 00:30:49,360
Speaker 7: can sponsor something. You can get a high level VIP ticket,

705
00:30:49,600 --> 00:30:52,360
Speaker 7: you can travel first class and meet something like you

706
00:30:52,400 --> 00:30:54,280
Speaker 7: know how many people I've met in the first class

707
00:30:54,840 --> 00:30:57,960
Speaker 7: that were doctors, that were pharmacists, that were this, and

708
00:30:57,960 --> 00:31:00,320
Speaker 7: they're like, yo, man, here's here's my car. Like I

709
00:31:00,360 --> 00:31:01,760
Speaker 7: want to improve my credit. You know, I have a

710
00:31:01,800 --> 00:31:03,280
Speaker 7: lot of medical debt or I have a lot of

711
00:31:03,320 --> 00:31:06,280
Speaker 7: student loans. And you never know who you're gonna meet. Right,

712
00:31:06,600 --> 00:31:09,760
Speaker 7: And with business credit, you can leverage your personal credit

713
00:31:10,000 --> 00:31:13,360
Speaker 7: for higher limits. So, like I was saying before, it's

714
00:31:13,360 --> 00:31:15,480
Speaker 7: easier to build one hundred thousand dollars credit.

715
00:31:15,640 --> 00:31:17,680
Speaker 4: So imagine if you build your personal.

716
00:31:17,360 --> 00:31:20,840
Speaker 7: Credit to like thirty or forty thousand dollars limits, you

717
00:31:20,880 --> 00:31:22,800
Speaker 7: get to a certain point and then boom, you open

718
00:31:22,880 --> 00:31:25,840
Speaker 7: up your LLC. Now you start traveling, you start going

719
00:31:25,880 --> 00:31:27,960
Speaker 7: to earn your leisure events, you start going to masterminds,

720
00:31:27,960 --> 00:31:30,480
Speaker 7: you start attending different events, and then there you're like,

721
00:31:30,520 --> 00:31:32,640
Speaker 7: you know what, Wow, man, I'm tieding by nine to five.

722
00:31:32,920 --> 00:31:34,720
Speaker 7: I already have my credit set up. I already have

723
00:31:34,800 --> 00:31:36,840
Speaker 7: my business credit set up. I already have a one hundred

724
00:31:36,880 --> 00:31:38,880
Speaker 7: thousand dollars on credit cards available. You know what, I'm

725
00:31:38,880 --> 00:31:40,080
Speaker 7: gonna quit my nine to five.

726
00:31:40,560 --> 00:31:42,080
Speaker 4: And this is the thing.

727
00:31:42,160 --> 00:31:44,720
Speaker 7: Sometimes we hate our job so much that we stay

728
00:31:44,720 --> 00:31:46,760
Speaker 7: there though, because we don't have anything else to do.

729
00:31:47,120 --> 00:31:48,000
Speaker 4: Well, guess what, guys.

730
00:31:48,080 --> 00:31:51,560
Speaker 7: Credit is a thing that can help you with making

731
00:31:51,600 --> 00:31:54,560
Speaker 7: that decision to start your business. And it doesn't necessarily

732
00:31:54,560 --> 00:31:57,120
Speaker 7: have to be Turo, Airbnb or real estate. There's so

733
00:31:57,160 --> 00:31:59,720
Speaker 7: many other businesses that you can get into with your credit.

734
00:32:00,280 --> 00:32:02,560
Speaker 7: The thing is, you can literally hide your credit card

735
00:32:02,640 --> 00:32:05,880
Speaker 7: debt so now imagine you put all your credit debt

736
00:32:05,960 --> 00:32:07,560
Speaker 7: on your business credit cards.

737
00:32:07,760 --> 00:32:09,320
Speaker 4: When a mortgage lender runs your.

738
00:32:09,240 --> 00:32:13,440
Speaker 7: Credit, you have no debt, but you have sixty thousand

739
00:32:13,480 --> 00:32:15,400
Speaker 7: dollars on your business credit side. And a lot of

740
00:32:15,440 --> 00:32:17,680
Speaker 7: people say, like, I don't really need five Amases, I

741
00:32:17,720 --> 00:32:20,240
Speaker 7: don't need two Americans, I don't need this. Well, guess what,

742
00:32:20,840 --> 00:32:23,480
Speaker 7: your credit score does need it. Because you can get

743
00:32:23,520 --> 00:32:25,880
Speaker 7: these credit cards and still pay for the same things

744
00:32:25,920 --> 00:32:28,120
Speaker 7: that you will with a personal credit card. Put it

745
00:32:28,160 --> 00:32:30,320
Speaker 7: on the business side, and then now when you go

746
00:32:30,320 --> 00:32:32,800
Speaker 7: get a house, you have zero debt. You qualify for

747
00:32:32,840 --> 00:32:35,960
Speaker 7: a bigger house. You qualify your debt to income ratio

748
00:32:36,120 --> 00:32:39,320
Speaker 7: was lower, and you're in a better position. You also

749
00:32:39,440 --> 00:32:41,760
Speaker 7: maximize your loan approvals. Your all the loan approvals.

750
00:32:41,840 --> 00:32:42,000
Speaker 3: Right.

751
00:32:42,400 --> 00:32:46,000
Speaker 7: So now the crazy thing is is, over the last

752
00:32:46,080 --> 00:32:49,400
Speaker 7: like four years, guys, I had high interest all the

753
00:32:49,520 --> 00:32:52,480
Speaker 7: loans because my debt was high. I'm not afraid to

754
00:32:52,520 --> 00:32:54,640
Speaker 7: admit it. The credit dude had a high credit card debt.

755
00:32:55,400 --> 00:32:58,000
Speaker 4: And you know what I mean. I'm human, you know

756
00:32:58,040 --> 00:32:58,400
Speaker 4: what I mean.

757
00:32:58,560 --> 00:33:02,680
Speaker 7: But when I've really started with business credit, everything started

758
00:33:02,680 --> 00:33:05,920
Speaker 7: shifting to my business credit side. And now all I

759
00:33:05,960 --> 00:33:08,640
Speaker 7: have on my personal credit report is one auto loan.

760
00:33:09,000 --> 00:33:11,760
Speaker 7: As you guys know, Range Rover. They still require to

761
00:33:11,760 --> 00:33:13,840
Speaker 7: do a personal guarantee in the business and things like that,

762
00:33:14,040 --> 00:33:16,720
Speaker 7: so it still shows up on my personal credit but

763
00:33:16,800 --> 00:33:19,480
Speaker 7: every other car that I have is on my business side.

764
00:33:19,640 --> 00:33:21,760
Speaker 7: So when I went for this house that I just bought,

765
00:33:22,240 --> 00:33:25,240
Speaker 7: my income did not change. My income was the same

766
00:33:25,560 --> 00:33:29,520
Speaker 7: from twenty seventeen. But guess what changed my debt. I

767
00:33:29,560 --> 00:33:33,000
Speaker 7: had zero credit card debt and I had one auto loan,

768
00:33:33,280 --> 00:33:35,680
Speaker 7: which was the range Rover, right, So that means that

769
00:33:35,760 --> 00:33:37,760
Speaker 7: I was pre approved for like I think it was

770
00:33:37,800 --> 00:33:41,200
Speaker 7: like three times the amount because I had no debt

771
00:33:41,280 --> 00:33:43,200
Speaker 7: and I was able to prove that the range Rover

772
00:33:43,320 --> 00:33:46,600
Speaker 7: I had was being paid for my business checking account,

773
00:33:46,960 --> 00:33:49,680
Speaker 7: so that way they excluded that from my debt to

774
00:33:49,720 --> 00:33:52,200
Speaker 7: income ratio. So it literally I had zero debt, I

775
00:33:52,240 --> 00:33:54,840
Speaker 7: had my wife's income, I had my via income, zero

776
00:33:54,880 --> 00:33:56,640
Speaker 7: money down, and then the money that I had from

777
00:33:56,720 --> 00:33:59,160
Speaker 7: selling the other house, I was able to get the

778
00:33:59,200 --> 00:34:01,400
Speaker 7: house of my wife dreams, you know what I mean.

779
00:34:01,640 --> 00:34:03,600
Speaker 7: And that was all because I was able to hide

780
00:34:03,680 --> 00:34:06,880
Speaker 7: all my debt on my business credit side. And then

781
00:34:06,880 --> 00:34:08,880
Speaker 7: a lot of stuff becomes a business right off, you

782
00:34:08,880 --> 00:34:11,719
Speaker 7: know what I mean. And my favorite part, guys about this,

783
00:34:12,160 --> 00:34:15,920
Speaker 7: and it really is my favorite thing about business. And

784
00:34:15,960 --> 00:34:19,040
Speaker 7: if it's my favorite thing about business owning.

785
00:34:18,719 --> 00:34:21,520
Speaker 4: A business is health insurance. What do a lot of

786
00:34:21,560 --> 00:34:25,520
Speaker 4: people in our community not have access to health insurance?

787
00:34:25,680 --> 00:34:28,600
Speaker 7: Why because either their job doesn't do it or they

788
00:34:28,600 --> 00:34:30,280
Speaker 7: don't think that they can get health insurance.

789
00:34:30,320 --> 00:34:30,919
Speaker 4: Well, guess what.

790
00:34:31,360 --> 00:34:33,560
Speaker 7: One check with your accountant and check for your attorney,

791
00:34:33,600 --> 00:34:36,080
Speaker 7: right because I'm not an attorney and I'm not an accountant, right.

792
00:34:36,120 --> 00:34:38,960
Speaker 7: But get in the LLC, get your EI in, get

793
00:34:39,000 --> 00:34:41,520
Speaker 7: everything set up, and if you have a family, you

794
00:34:41,560 --> 00:34:44,839
Speaker 7: can get health insurance through your LLC. They don't ask

795
00:34:44,840 --> 00:34:46,839
Speaker 7: for income, they don't ask for anything when you get

796
00:34:46,840 --> 00:34:50,040
Speaker 7: your health insurance. Right, I was paying I think eighteen

797
00:34:50,120 --> 00:34:54,120
Speaker 7: hundred dollars for just Kelly and Payton when I was

798
00:34:54,160 --> 00:34:55,840
Speaker 7: getting insurance through the private market.

799
00:34:56,400 --> 00:34:58,000
Speaker 4: When I started doing it through the LLC.

800
00:34:58,520 --> 00:35:00,719
Speaker 7: Now it's a thousand dollars, like a eleven hundred dollars

801
00:35:00,760 --> 00:35:03,280
Speaker 7: a month from me Kelly and Payton. And my insurance

802
00:35:03,400 --> 00:35:06,360
Speaker 7: is top notch, to the point to where when I

803
00:35:06,400 --> 00:35:09,319
Speaker 7: had COVID and I was sick in the hospital, people said,

804
00:35:09,320 --> 00:35:10,879
Speaker 7: do you work in the hospital. I'm like, no, why

805
00:35:11,000 --> 00:35:13,480
Speaker 7: because we've never seen anybody with this health insurance. This

806
00:35:13,520 --> 00:35:16,440
Speaker 7: is the health insurance that we have as hospital employees.

807
00:35:16,800 --> 00:35:19,279
Speaker 7: My insurance is on point, you know what I mean,

808
00:35:19,440 --> 00:35:20,880
Speaker 7: And it's all through my LLC.

809
00:35:20,960 --> 00:35:23,520
Speaker 4: So now what happens. Every single payment.

810
00:35:23,160 --> 00:35:25,400
Speaker 7: That I make for my health insurance through my business

811
00:35:25,640 --> 00:35:28,439
Speaker 7: is one hundred percent right off. When you have health

812
00:35:28,520 --> 00:35:30,400
Speaker 7: insurance your nine to five job and they take it

813
00:35:30,400 --> 00:35:31,520
Speaker 7: out of your paycheck, that's.

814
00:35:31,360 --> 00:35:34,000
Speaker 4: Not a write off. That company's writing it off.

815
00:35:34,200 --> 00:35:36,160
Speaker 7: Well, now if you have health insurance and you get

816
00:35:36,160 --> 00:35:38,880
Speaker 7: an LLC, you can write that off. And that's what

817
00:35:38,880 --> 00:35:41,240
Speaker 7: I'm saying. Just check with your account, check with your attorney,

818
00:35:41,400 --> 00:35:44,560
Speaker 7: because this is a big benefit also to getting a

819
00:35:44,600 --> 00:35:48,440
Speaker 7: business right, So guys, start that LLC right.

820
00:35:48,840 --> 00:35:50,759
Speaker 4: Creating an LLC is a lot cheaper than you think.

821
00:35:50,840 --> 00:35:51,920
Speaker 4: You have a lot of resources.

822
00:35:51,920 --> 00:35:54,600
Speaker 7: You go to legal Zoom as attorneys in in earn

823
00:35:54,640 --> 00:35:56,560
Speaker 7: your leisure right, or you can just go on your

824
00:35:56,560 --> 00:35:59,360
Speaker 7: webs on the state website and do it yourself, you

825
00:35:59,360 --> 00:36:02,120
Speaker 7: know what I mean. Use your personal credit to secure

826
00:36:02,200 --> 00:36:04,480
Speaker 7: higher limits and then just leave your personal credit alone

827
00:36:04,680 --> 00:36:07,440
Speaker 7: because there's a lot of power and business credit. Guys,

828
00:36:07,200 --> 00:36:10,800
Speaker 7: there's so much power that you think, all right, high limits.

829
00:36:10,960 --> 00:36:12,040
Speaker 4: You can get a line of credit.

830
00:36:12,080 --> 00:36:14,759
Speaker 7: There's a there's a company called Fundbox f U N

831
00:36:14,880 --> 00:36:19,000
Speaker 7: D b o X Fundbox that you can apply for

832
00:36:19,040 --> 00:36:21,040
Speaker 7: a line of credit with them and they'll say, hey,

833
00:36:21,040 --> 00:36:22,719
Speaker 7: you can either get a line of credit or we'll

834
00:36:22,760 --> 00:36:24,799
Speaker 7: give you a loan and you can choose which one

835
00:36:24,840 --> 00:36:27,320
Speaker 7: you want, and it's all based off of the revenue

836
00:36:27,360 --> 00:36:30,600
Speaker 7: that's going into your business. Right, and there's another company

837
00:36:30,640 --> 00:36:32,680
Speaker 7: called blue Vine. Right, so let me just I could

838
00:36:32,719 --> 00:36:34,239
Speaker 7: type this in right quick so you guys can make

839
00:36:34,239 --> 00:36:35,040
Speaker 7: sure you spell it right.

840
00:36:35,719 --> 00:36:36,560
Speaker 4: Is Fundbox.

841
00:36:36,920 --> 00:36:38,439
Speaker 2: Let me just let me just add while you're typing

842
00:36:38,480 --> 00:36:42,440
Speaker 2: in Jose great information. Everybody, hit the like button. Hit

843
00:36:42,480 --> 00:36:45,080
Speaker 2: the like button, show me important. If you're on your phone,

844
00:36:45,160 --> 00:36:47,640
Speaker 2: just hit the X and you can see the like button.

845
00:36:47,640 --> 00:36:50,400
Speaker 2: But I'll add to this business credit conversation, it is

846
00:36:50,560 --> 00:36:54,080
Speaker 2: very very important business credit. As you said, the limits,

847
00:36:54,080 --> 00:36:56,080
Speaker 2: Like I'll take my own personal example, or have like

848
00:36:56,080 --> 00:36:57,239
Speaker 2: an eight hundred credits.

849
00:36:57,040 --> 00:36:57,799
Speaker 3: Or something like that.

850
00:36:58,080 --> 00:37:02,320
Speaker 2: And I don't know how much personal credit card limits

851
00:37:02,320 --> 00:37:05,560
Speaker 2: I have. But let's say all together, it's like I

852
00:37:05,600 --> 00:37:07,759
Speaker 2: don't know fifty thousand something like that, just throwing the

853
00:37:07,840 --> 00:37:10,840
Speaker 2: number out there. But on the business side, it's pretty

854
00:37:10,920 --> 00:37:12,680
Speaker 2: much on limited. So we have like an AX we

855
00:37:12,680 --> 00:37:14,719
Speaker 2: have two Amex cards, one for Eyo University, one for

856
00:37:14,800 --> 00:37:17,800
Speaker 2: Ernie Leisure, and it started with like they each started

857
00:37:17,800 --> 00:37:21,719
Speaker 2: with like fifty thousand dollars limits and then as we

858
00:37:21,840 --> 00:37:23,800
Speaker 2: use them now I don't know what the limit is.

859
00:37:23,520 --> 00:37:24,359
Speaker 3: What is there a limit?

860
00:37:24,440 --> 00:37:26,919
Speaker 6: Now it's like they actually we got on the phone

861
00:37:26,920 --> 00:37:27,480
Speaker 6: with them last week.

862
00:37:27,480 --> 00:37:29,480
Speaker 8: They actually called us because you know, they sort of

863
00:37:29,520 --> 00:37:31,520
Speaker 8: the points that were accumulated and like, look, you guys

864
00:37:31,520 --> 00:37:34,120
Speaker 8: could actually get more. And so I know it's probably

865
00:37:34,160 --> 00:37:35,640
Speaker 8: six figures at this point because of.

866
00:37:36,040 --> 00:37:39,360
Speaker 2: Meaning, so we we spend probably close to one hundred thousand,

867
00:37:39,360 --> 00:37:41,759
Speaker 2: maybe over one hundred thousand dollars a month on these

868
00:37:41,760 --> 00:37:45,080
Speaker 2: credit cards. Now it is extremely important to be financially

869
00:37:45,160 --> 00:37:47,480
Speaker 2: responsible because like the cards that we have, we pay.

870
00:37:47,600 --> 00:37:49,839
Speaker 2: We have to pay every single month. So it's not

871
00:37:50,000 --> 00:37:53,200
Speaker 2: like a a gimmick where you can just you know,

872
00:37:53,520 --> 00:37:54,960
Speaker 2: run up a business credit card.

873
00:37:55,640 --> 00:37:56,640
Speaker 3: You still got to pay it.

874
00:37:56,680 --> 00:37:59,319
Speaker 2: So don't use the credit card if you can't pay it, right,

875
00:37:59,480 --> 00:38:03,759
Speaker 2: that's financial literacy responsibility, But it gives you so much

876
00:38:03,800 --> 00:38:06,640
Speaker 2: more leverage than personal credits because I still don't have

877
00:38:06,719 --> 00:38:08,799
Speaker 2: that kind of limit on my personal side, and I

878
00:38:08,840 --> 00:38:11,200
Speaker 2: have excellent credit SCRD and I've had these credit cards

879
00:38:11,239 --> 00:38:14,040
Speaker 2: for years, like over ten years, and we just got

880
00:38:14,040 --> 00:38:17,359
Speaker 2: the MX cards last year and.

881
00:38:17,120 --> 00:38:21,000
Speaker 3: We have over six figures that we can use.

882
00:38:21,320 --> 00:38:23,640
Speaker 2: Like you know, I brought by my watches, about all

883
00:38:23,680 --> 00:38:25,719
Speaker 2: my watches on a credit card because that's the only

884
00:38:25,760 --> 00:38:27,799
Speaker 2: way that I can do it. Other than that I

885
00:38:27,880 --> 00:38:30,880
Speaker 2: have to get like a whole like process to actually

886
00:38:30,880 --> 00:38:33,319
Speaker 2: get you know, a certified check from the bank, and

887
00:38:33,400 --> 00:38:35,120
Speaker 2: you know, you can't take out that kind of money

888
00:38:35,120 --> 00:38:37,120
Speaker 2: from the bank, and it's a whole headache. So I

889
00:38:37,120 --> 00:38:38,919
Speaker 2: could just use my MX card. Then I just pay

890
00:38:38,920 --> 00:38:41,320
Speaker 2: it back right away and just transferred from my personal

891
00:38:41,360 --> 00:38:43,960
Speaker 2: account to the to the business account. So having a

892
00:38:44,000 --> 00:38:46,480
Speaker 2: business credit card gives you so much leverage, and as

893
00:38:46,480 --> 00:38:49,160
Speaker 2: long as you use it responsibly, they up your they

894
00:38:49,239 --> 00:38:51,360
Speaker 2: up your limits all the time.

895
00:38:52,760 --> 00:38:55,600
Speaker 7: Yeah, yeah, man, no, man, I definitely think you hit

896
00:38:55,600 --> 00:38:57,800
Speaker 7: the nail on the head with that.

897
00:38:58,680 --> 00:38:58,840
Speaker 9: You know.

898
00:38:58,880 --> 00:39:02,440
Speaker 7: The great thing about American Expresses, you know, I started,

899
00:39:03,120 --> 00:39:06,080
Speaker 7: you know, everybody knows I found bankruptcy. American Express was

900
00:39:06,080 --> 00:39:08,000
Speaker 7: in my in my thing, in my bankruptcy, whatever the

901
00:39:08,000 --> 00:39:09,719
Speaker 7: case is. I finally got my credit cards back in

902
00:39:09,719 --> 00:39:11,920
Speaker 7: twenty twenty. I got two of them back, and then

903
00:39:12,000 --> 00:39:14,719
Speaker 7: last year I applied for six more, so I got

904
00:39:14,719 --> 00:39:17,359
Speaker 7: eight MX's And when I got those other six, they

905
00:39:17,400 --> 00:39:20,440
Speaker 7: started me with ten thousand dollars precess spending limits, so

906
00:39:20,440 --> 00:39:23,080
Speaker 7: there was no limit butt a. You get a precess

907
00:39:23,080 --> 00:39:25,160
Speaker 7: spending limit of how much you can spend per card,

908
00:39:25,560 --> 00:39:29,799
Speaker 7: and right now, and that was July of twenty twenty one.

909
00:39:30,120 --> 00:39:33,280
Speaker 7: We're in March of twenty twenty two and I'm already

910
00:39:33,320 --> 00:39:36,160
Speaker 7: at like one fifty per card, you know what I mean.

911
00:39:36,200 --> 00:39:39,480
Speaker 7: So this personal credit is not going to do that,

912
00:39:39,640 --> 00:39:41,759
Speaker 7: just like Rashad said. And the great thing is you

913
00:39:41,800 --> 00:39:44,200
Speaker 7: don't need it to use your run run your business

914
00:39:44,200 --> 00:39:47,520
Speaker 7: credit up, so now you can actually get like imagine

915
00:39:47,520 --> 00:39:49,560
Speaker 7: if you have with four cards two hundred and fifty

916
00:39:49,560 --> 00:39:52,200
Speaker 7: thousand dollars each, that's a million dollars in credit. Like

917
00:39:52,239 --> 00:39:54,879
Speaker 7: you can't where can you get a million dollar loan?

918
00:39:54,920 --> 00:39:57,120
Speaker 7: Where can you get a million dollar line of credit?

919
00:39:57,280 --> 00:39:59,920
Speaker 7: Your credit and your business credit is going to lie

920
00:40:00,160 --> 00:40:01,800
Speaker 7: do it just like you said, man, just be careful

921
00:40:01,960 --> 00:40:04,279
Speaker 7: when you run that up. Just make sure you pay

922
00:40:04,280 --> 00:40:06,319
Speaker 7: it off, because you know you don't want to mess

923
00:40:06,400 --> 00:40:09,200
Speaker 7: up your relationship with the American Express at all in

924
00:40:09,200 --> 00:40:09,879
Speaker 7: any type of way.

925
00:40:10,120 --> 00:40:12,520
Speaker 8: Yeah, I just I just add real quick goes because

926
00:40:13,000 --> 00:40:15,560
Speaker 8: when just sold that story about business credit, I actually

927
00:40:15,600 --> 00:40:19,080
Speaker 8: opened up my own LLC probably like maybe eight six

928
00:40:19,120 --> 00:40:22,160
Speaker 8: to eight months ago. And because on your episode when

929
00:40:22,200 --> 00:40:25,640
Speaker 8: I talked about being a personal guaranteur and having a

930
00:40:25,640 --> 00:40:27,440
Speaker 8: line of credit through my parents, right, like I was

931
00:40:27,440 --> 00:40:29,160
Speaker 8: an authorized user and so my.

932
00:40:29,120 --> 00:40:30,040
Speaker 6: Credit history was so long.

933
00:40:30,080 --> 00:40:32,080
Speaker 8: When I opened up my own LLC, the first thing

934
00:40:32,120 --> 00:40:33,520
Speaker 8: they said was like, would you like a line of credit?

935
00:40:33,600 --> 00:40:35,839
Speaker 8: I'm like, all right, fine, I'll just take it. When

936
00:40:35,840 --> 00:40:38,200
Speaker 8: I applied for it, they automatically qualified me for fifty

937
00:40:38,239 --> 00:40:41,279
Speaker 8: thousand just because of my history. Like I haven't even

938
00:40:41,600 --> 00:40:43,520
Speaker 8: used the card, but just to know that I have it.

939
00:40:43,600 --> 00:40:45,440
Speaker 8: This is one of those things like when you're responsible

940
00:40:45,640 --> 00:40:47,640
Speaker 8: and as parents, if we're responsible and you have your

941
00:40:47,680 --> 00:40:49,919
Speaker 8: kids as authorized use it and help build their credit

942
00:40:50,000 --> 00:40:51,879
Speaker 8: when they go to open up the LC, that all

943
00:40:51,920 --> 00:40:53,520
Speaker 8: that's going to count, right because it's a new business,

944
00:40:53,560 --> 00:40:56,080
Speaker 8: so you're using you as a personal guaranteur at first,

945
00:40:56,200 --> 00:40:58,279
Speaker 8: but if the credit is good, these type of things

946
00:40:58,320 --> 00:40:58,720
Speaker 8: can happen.

947
00:40:59,120 --> 00:41:00,919
Speaker 7: Yeah, And I think think a lot of people are

948
00:41:00,960 --> 00:41:04,680
Speaker 7: scared of the word personal guarantee because they're like, oh,

949
00:41:04,680 --> 00:41:07,399
Speaker 7: I want to build business credit without my credit. I'm like, well,

950
00:41:07,480 --> 00:41:09,359
Speaker 7: you got to start somewhere, and if you can use

951
00:41:09,400 --> 00:41:11,520
Speaker 7: your like if they say, hey, man, you got good credit,

952
00:41:11,560 --> 00:41:13,680
Speaker 7: we'll give you fifty grand, Like, give me that all day.

953
00:41:14,040 --> 00:41:17,000
Speaker 7: So don't be afraid to use your personal credit as

954
00:41:17,120 --> 00:41:21,080
Speaker 7: leverage to get business credit because that's truly like how

955
00:41:21,120 --> 00:41:22,640
Speaker 7: you're going to do it the right way with getting

956
00:41:22,640 --> 00:41:23,320
Speaker 7: those high limits.

957
00:41:23,360 --> 00:41:23,480
Speaker 9: Man.

958
00:41:23,520 --> 00:41:28,320
Speaker 4: So that's dope, man. Congratulations, love to hear something like that. So, guys,

959
00:41:28,320 --> 00:41:28,680
Speaker 4: the two.

960
00:41:28,640 --> 00:41:32,399
Speaker 7: Companies that I said is Fundbox and Blue Vine. Those

961
00:41:32,400 --> 00:41:34,160
Speaker 7: are two places guys that you can get a line

962
00:41:34,160 --> 00:41:37,239
Speaker 7: of credit and even a loan even if you have

963
00:41:37,360 --> 00:41:39,480
Speaker 7: subpar credit, right, but as long as you have some

964
00:41:39,520 --> 00:41:42,279
Speaker 7: type of revenue coming through the business, you can do it.

965
00:41:42,560 --> 00:41:45,400
Speaker 4: And the other area, guys, that's really good. I don't

966
00:41:46,160 --> 00:41:48,280
Speaker 4: you know. I recommend Chase. I love Chase.

967
00:41:49,040 --> 00:41:50,920
Speaker 7: I think they're one of the best bank accounts out

968
00:41:50,960 --> 00:41:53,400
Speaker 7: there for business just because they're national and if you

969
00:41:53,400 --> 00:41:56,319
Speaker 7: need anything, you can always if you're in Texas or California.

970
00:41:56,520 --> 00:41:58,959
Speaker 7: You could always access to Chase Bank, right but Bank

971
00:41:59,000 --> 00:42:01,600
Speaker 7: of America has a pre dope program. You open up

972
00:42:01,600 --> 00:42:04,839
Speaker 7: a business checking account with Bank of America, you know,

973
00:42:04,880 --> 00:42:07,839
Speaker 7: you deposit money, whatever the case is, use money, and

974
00:42:07,920 --> 00:42:11,279
Speaker 7: typically after ninety days they will they will offer you

975
00:42:11,320 --> 00:42:12,520
Speaker 7: a line of credit as well.

976
00:42:13,160 --> 00:42:15,360
Speaker 4: And that's just access to cash. So what can you

977
00:42:15,360 --> 00:42:17,320
Speaker 4: do with a line of credit? A lot of stuff.

978
00:42:17,480 --> 00:42:20,399
Speaker 7: Imagine if Bank of America, Blue Line and FunBox each

979
00:42:20,480 --> 00:42:23,239
Speaker 7: KB thirty thousand. Imagine if that's ninety grand right there.

980
00:42:23,239 --> 00:42:25,560
Speaker 7: Imagine if each American Express Card gave you twenty five

981
00:42:25,560 --> 00:42:27,640
Speaker 7: thousand to start boom, that's another one hundred thousand.

982
00:42:27,640 --> 00:42:29,960
Speaker 4: Next thing you know you're at. You're at almost a half.

983
00:42:29,840 --> 00:42:32,719
Speaker 7: A million dollars between personal credit, business credit, lines of

984
00:42:32,760 --> 00:42:34,040
Speaker 7: credit net thirties.

985
00:42:34,600 --> 00:42:36,000
Speaker 4: It's endless, you know what I mean?

986
00:42:36,080 --> 00:42:38,200
Speaker 7: And that is truly like if I would have had

987
00:42:38,239 --> 00:42:42,040
Speaker 7: even five thousand dollars when I opened my business, it

988
00:42:42,080 --> 00:42:43,160
Speaker 7: would have been a game changer.

989
00:42:43,200 --> 00:42:43,800
Speaker 4: I had nothing.

990
00:42:44,120 --> 00:42:46,360
Speaker 7: I had no I have five hundred bucks, you know

991
00:42:46,400 --> 00:42:49,320
Speaker 7: what I mean. So the other thing too, guys, with purchasing.

992
00:42:48,920 --> 00:42:50,399
Speaker 4: The equipment, what do you need?

993
00:42:50,520 --> 00:42:51,000
Speaker 9: You need?

994
00:42:51,440 --> 00:42:52,480
Speaker 4: You need a computer.

995
00:42:52,960 --> 00:42:55,319
Speaker 7: You need a MacBook, you need an iMac, you need

996
00:42:55,400 --> 00:42:58,560
Speaker 7: photography equipment, you need a TV, you need microphones.

997
00:42:58,800 --> 00:43:01,080
Speaker 4: Guys, you can do that with Apple and Dell. And

998
00:43:01,120 --> 00:43:02,759
Speaker 4: the other one too that I forgot to put here

999
00:43:02,760 --> 00:43:04,640
Speaker 4: as well is Amazon.

1000
00:43:05,040 --> 00:43:09,120
Speaker 7: Amazon offers net thirty accounts and also invoice accounts, so

1001
00:43:09,160 --> 00:43:12,080
Speaker 7: you could actually go on Amazon. I think everything's on Amazon.

1002
00:43:12,120 --> 00:43:14,239
Speaker 7: You can even buy food, clothes, whatever the case is.

1003
00:43:14,600 --> 00:43:18,000
Speaker 7: Amazon will actually also offer you a business credit card,

1004
00:43:18,120 --> 00:43:21,840
Speaker 7: not the American Express one, okay. Actual Amazon has like

1005
00:43:21,880 --> 00:43:25,799
Speaker 7: a store account that you can get. And imagine if

1006
00:43:25,800 --> 00:43:28,080
Speaker 7: now you want to start a photography business, you want

1007
00:43:28,080 --> 00:43:30,160
Speaker 7: to start a video editing business, you want to start

1008
00:43:30,360 --> 00:43:33,120
Speaker 7: any business. You need equipment, you need a computer, you

1009
00:43:33,200 --> 00:43:37,840
Speaker 7: need good equipment. Dell, Apple and Amazon are three places

1010
00:43:37,840 --> 00:43:40,520
Speaker 7: that you can literally get credit, okay. And if you

1011
00:43:40,560 --> 00:43:43,360
Speaker 7: got to use a personal guarantee to get it, it's okay,

1012
00:43:43,719 --> 00:43:46,640
Speaker 7: it doesn't matter. And also, guys, the other one, you

1013
00:43:46,680 --> 00:43:51,000
Speaker 7: guys can just google this. Walmart is it's called Walmart

1014
00:43:51,080 --> 00:43:56,960
Speaker 7: Community Card. They're giving right now, the Walmart Community Business Card, okay,

1015
00:43:57,400 --> 00:44:00,239
Speaker 7: is giving right now. I believe it's anywhere between five

1016
00:44:00,600 --> 00:44:03,920
Speaker 7: to ten thousand dollars. I think everybody goes to Walmart.

1017
00:44:03,400 --> 00:44:06,480
Speaker 7: I don't really don't know anybody that doesn't go to Walmart. Okay,

1018
00:44:06,719 --> 00:44:09,239
Speaker 7: but Walmart will give you anywhere between five to ten

1019
00:44:09,280 --> 00:44:11,719
Speaker 7: thousand dollars, no personal guarantee.

1020
00:44:11,840 --> 00:44:15,160
Speaker 4: So this is another great credit card to have to build.

1021
00:44:14,880 --> 00:44:16,960
Speaker 7: Your business credit. What do they have at Walmart? Bestarts

1022
00:44:17,000 --> 00:44:19,839
Speaker 7: closing food? They have TVs, they have video equipment, they

1023
00:44:19,840 --> 00:44:23,200
Speaker 7: have cameras, they have iPhones, they have you know, blenders,

1024
00:44:23,239 --> 00:44:25,399
Speaker 7: they have everything, pots and pans. If you're a cooking

1025
00:44:25,480 --> 00:44:27,920
Speaker 7: you want to start a cooking business, whatever the case is,

1026
00:44:28,600 --> 00:44:31,680
Speaker 7: if you want to start a bakery business is endless.

1027
00:44:31,680 --> 00:44:31,879
Speaker 4: Guys.

1028
00:44:31,920 --> 00:44:34,120
Speaker 7: You got to think outside the box when it comes

1029
00:44:34,160 --> 00:44:38,480
Speaker 7: to starting a business, and that's truly what business credit does.

1030
00:44:38,680 --> 00:44:41,319
Speaker 7: It allows you to think outside the box. Net thirty

1031
00:44:41,360 --> 00:44:44,040
Speaker 7: accounts are great, right, I still love Net thirty accounts.

1032
00:44:44,840 --> 00:44:47,440
Speaker 7: I've done a lot of videos for aerin your Leisure

1033
00:44:48,320 --> 00:44:50,520
Speaker 7: on which type of Net thirty accounts to get. There's

1034
00:44:50,520 --> 00:44:53,320
Speaker 7: the U lines, there's those type of credit cards with guys.

1035
00:44:53,680 --> 00:44:57,680
Speaker 7: Gas cards is a game changer, like like, look, I

1036
00:44:57,760 --> 00:44:58,400
Speaker 7: just got that.

1037
00:44:58,480 --> 00:44:59,680
Speaker 4: This is one of the credit cards I have.

1038
00:45:00,040 --> 00:45:04,680
Speaker 7: It's called Fuman, right, Feuman gave me twenty five thousand

1039
00:45:04,680 --> 00:45:06,239
Speaker 7: dollars credit card.

1040
00:45:06,520 --> 00:45:07,040
Speaker 4: You know what I mean?

1041
00:45:07,239 --> 00:45:10,759
Speaker 7: What what you need, what you're gonna get. You ain't

1042
00:45:10,760 --> 00:45:13,040
Speaker 7: gonna use twenty five thousand dollars in gas, you know

1043
00:45:13,040 --> 00:45:15,279
Speaker 7: what I mean. But the great thing is is if

1044
00:45:15,280 --> 00:45:17,279
Speaker 7: you have sales reps, if you have drivers, if you

1045
00:45:17,280 --> 00:45:19,000
Speaker 7: have other people working for you, whatever the case is,

1046
00:45:19,360 --> 00:45:22,560
Speaker 7: gas is expensive. But if you that's a business expense. Hey, everybody,

1047
00:45:22,560 --> 00:45:24,840
Speaker 7: he's a gas card. Whatever the case is. Now gas

1048
00:45:24,880 --> 00:45:26,799
Speaker 7: is not an option. Hey, go to this event, do this,

1049
00:45:26,920 --> 00:45:29,520
Speaker 7: do whatever the case is. And it's a revolving credit card.

1050
00:45:29,600 --> 00:45:32,360
Speaker 7: So even if you max it out, it doesn't matter

1051
00:45:32,520 --> 00:45:35,360
Speaker 7: because that business credit card debt is on the business side,

1052
00:45:35,480 --> 00:45:37,680
Speaker 7: it's not on your personal credit. So even if you

1053
00:45:37,760 --> 00:45:39,960
Speaker 7: run up five thousand dollars in gas, but you know

1054
00:45:40,000 --> 00:45:41,920
Speaker 7: you're gonna make it back and going to the events

1055
00:45:41,920 --> 00:45:44,680
Speaker 7: and dropping off merch and doing this, whatever the case is,

1056
00:45:45,320 --> 00:45:48,160
Speaker 7: it's okay. So anytime you go to a gas station,

1057
00:45:48,600 --> 00:45:52,600
Speaker 7: look at the actual credit cards of what they accept,

1058
00:45:52,840 --> 00:45:57,839
Speaker 7: whether it's wex, Feman whatever, fleet cars they accept seventy six,

1059
00:45:57,960 --> 00:46:01,280
Speaker 7: whild WAT seven to eleven quick Check all these places.

1060
00:46:00,920 --> 00:46:01,600
Speaker 4: Have gas cards.

1061
00:46:01,600 --> 00:46:03,880
Speaker 7: So if you eat there and you put gas in

1062
00:46:03,880 --> 00:46:05,880
Speaker 7: your car, why not get a gas.

1063
00:46:05,600 --> 00:46:07,120
Speaker 4: Card from the places? Next thing, you know, you get

1064
00:46:07,160 --> 00:46:08,480
Speaker 4: a sturt. Beat's right off.

1065
00:46:08,400 --> 00:46:10,560
Speaker 7: Because you're going there to put gases at the same time,

1066
00:46:10,840 --> 00:46:13,040
Speaker 7: all right. And then the last thing, guys, is putting

1067
00:46:13,040 --> 00:46:14,600
Speaker 7: the vehicles in your business name.

1068
00:46:15,280 --> 00:46:16,120
Speaker 4: If you are.

1069
00:46:16,000 --> 00:46:19,120
Speaker 7: Watching this and you're never gonna get a business, this

1070
00:46:19,160 --> 00:46:20,880
Speaker 7: is the thing a lot of people say, once again,

1071
00:46:20,920 --> 00:46:23,279
Speaker 7: get where your account, get with your attorney. Oh, if

1072
00:46:23,280 --> 00:46:25,440
Speaker 7: you don't actually have a revenue or whatever the case is,

1073
00:46:25,480 --> 00:46:27,040
Speaker 7: you can't really put a car in your business.

1074
00:46:27,239 --> 00:46:28,279
Speaker 4: There are certain places that.

1075
00:46:28,280 --> 00:46:31,719
Speaker 7: Still will that will still do it if you have

1076
00:46:31,800 --> 00:46:34,600
Speaker 7: strong business credit or you use your personal credit as

1077
00:46:34,640 --> 00:46:37,880
Speaker 7: a guarantee. Now, not every place is gonna do it, obviously,

1078
00:46:37,880 --> 00:46:39,960
Speaker 7: with some places you still gotta show bank statements.

1079
00:46:40,000 --> 00:46:41,440
Speaker 4: You just gotta sell personal credit.

1080
00:46:41,480 --> 00:46:44,160
Speaker 7: But trying to get like a you know, a car

1081
00:46:44,200 --> 00:46:47,239
Speaker 7: that's under like sixty seventy thousand dollars, they typically won't

1082
00:46:47,280 --> 00:46:49,560
Speaker 7: really bug you for a lot of paperwork, and you

1083
00:46:49,600 --> 00:46:51,680
Speaker 7: can use that to put touro, you can use that

1084
00:46:51,719 --> 00:46:52,359
Speaker 7: to rent out.

1085
00:46:52,520 --> 00:46:53,560
Speaker 4: You know, it's endless.

1086
00:46:53,719 --> 00:46:57,200
Speaker 7: So don't think that just because you don't have a

1087
00:46:57,239 --> 00:46:59,799
Speaker 7: business right now. But you need a car to get

1088
00:47:00,080 --> 00:47:03,480
Speaker 7: to start a business, or to drive to an EYL

1089
00:47:03,480 --> 00:47:05,320
Speaker 7: event or to drive to a networking event.

1090
00:47:05,719 --> 00:47:07,400
Speaker 4: If you ask me, that's you're starting.

1091
00:47:07,400 --> 00:47:09,239
Speaker 7: You're starting your business and you can still become an

1092
00:47:09,360 --> 00:47:13,480
Speaker 7: entrepreneur without having any revenue coming into your your bank account.

1093
00:47:13,560 --> 00:47:14,960
Speaker 4: All right, guys, So if you.

1094
00:47:14,880 --> 00:47:17,279
Speaker 7: Guys want to connect with me on Instagram, all right,

1095
00:47:17,920 --> 00:47:19,640
Speaker 7: the credit dude, You guys can just click the link

1096
00:47:19,640 --> 00:47:21,120
Speaker 7: in my bio or schedule a call with us if

1097
00:47:21,120 --> 00:47:23,520
Speaker 7: you guys can extra help. But if you guys become

1098
00:47:23,560 --> 00:47:25,000
Speaker 7: a part of e y L. You guys know this

1099
00:47:25,120 --> 00:47:27,640
Speaker 7: open enrollment. You guys get me every month and I

1100
00:47:27,719 --> 00:47:30,520
Speaker 7: love to educate. I love to educate, so you know,

1101
00:47:30,640 --> 00:47:32,160
Speaker 7: join the e y L guys and you guys have

1102
00:47:32,239 --> 00:47:34,040
Speaker 7: get me educating you guys every month as well.

1103
00:47:34,840 --> 00:47:37,200
Speaker 2: No, I appreciate that. Appreciated, brothers. So were about to

1104
00:47:37,239 --> 00:47:39,239
Speaker 2: go into the question and answer part. But before we

1105
00:47:39,280 --> 00:47:41,760
Speaker 2: do that, can you just briefly talk about for anybody

1106
00:47:41,800 --> 00:47:43,600
Speaker 2: I know we talked about it before before. Anybody that

1107
00:47:43,920 --> 00:47:47,880
Speaker 2: may be new haven't heard of it. The NAV and

1108
00:47:48,280 --> 00:47:50,399
Speaker 2: duns and brash you yep.

1109
00:47:50,800 --> 00:47:54,520
Speaker 7: So, so NAB dot com guys is uh na v

1110
00:47:54,760 --> 00:48:00,320
Speaker 7: dot com is the business credit monitoring uh plot, I

1111
00:48:00,320 --> 00:48:02,600
Speaker 7: guess I can say. So, you guys know, there's credit Karma,

1112
00:48:03,280 --> 00:48:07,600
Speaker 7: there's ECHOFAX monitoring, there's Experience Monitoring, things like that. So

1113
00:48:08,160 --> 00:48:12,319
Speaker 7: nav dot Com provides the business credit monitoring for each

1114
00:48:12,480 --> 00:48:17,160
Speaker 7: business credit report. There's EQOFAX, Business, Experience Business, and then

1115
00:48:17,200 --> 00:48:20,719
Speaker 7: there's You're done in Bradstreet. Right, So when you sign

1116
00:48:20,800 --> 00:48:23,960
Speaker 7: up for nav dot com Business Boost and you make

1117
00:48:24,000 --> 00:48:26,560
Speaker 7: your monthly payment to them, it's like forty bucks a month,

1118
00:48:26,960 --> 00:48:29,400
Speaker 7: they actually will report a payment to each of the

1119
00:48:29,440 --> 00:48:33,560
Speaker 7: business credit bureaus, so that way it actually activates each

1120
00:48:33,560 --> 00:48:36,320
Speaker 7: of your business credit profiles. If you have no business credit,

1121
00:48:36,600 --> 00:48:40,920
Speaker 7: so imagine you pay Experience dot Com thirty dollars a

1122
00:48:40,920 --> 00:48:43,440
Speaker 7: month and they report that payment to the personal credit

1123
00:48:43,480 --> 00:48:46,480
Speaker 7: reports to build your credit. It doesn't happen, it doesn't exist,

1124
00:48:46,640 --> 00:48:50,120
Speaker 7: but on the business side it does. We're done in Bradstreet.

1125
00:48:50,600 --> 00:48:54,960
Speaker 7: That is pretty much the biggest business credit reporting agency

1126
00:48:55,120 --> 00:48:58,480
Speaker 7: like Equifax, Experience, TransUnion, it's just the biggest one for

1127
00:48:58,560 --> 00:49:01,800
Speaker 7: the business side. And they have what's called the Dun's number,

1128
00:49:02,200 --> 00:49:04,480
Speaker 7: A Dune's number is kind of like your social kind

1129
00:49:04,480 --> 00:49:04,919
Speaker 7: of like your.

1130
00:49:04,800 --> 00:49:05,239
Speaker 3: E I N.

1131
00:49:05,560 --> 00:49:09,000
Speaker 7: It just classifies you as a business and it's kind

1132
00:49:09,000 --> 00:49:12,000
Speaker 7: of like your reporting number. So a lot of times

1133
00:49:12,000 --> 00:49:14,759
Speaker 7: when you apply for business credit, they're gonna ask you

1134
00:49:14,800 --> 00:49:16,920
Speaker 7: for a DUNS number and you can go on DMB

1135
00:49:17,000 --> 00:49:18,799
Speaker 7: dot com and get it for free. You don't got

1136
00:49:18,800 --> 00:49:20,160
Speaker 7: to pay anybody to do it. You don't got to

1137
00:49:20,200 --> 00:49:22,400
Speaker 7: pay dun and Bradstreet to do it. It's all free.

1138
00:49:23,040 --> 00:49:24,759
Speaker 8: So when when we talk about business credit, I mean

1139
00:49:24,800 --> 00:49:26,239
Speaker 8: when we talk about personal credit, we know that the

1140
00:49:26,280 --> 00:49:29,680
Speaker 8: score range goes from what three fifty to maybe a

1141
00:49:29,800 --> 00:49:32,800
Speaker 8: fifty right, So obviously in the business side, how is

1142
00:49:32,840 --> 00:49:34,359
Speaker 8: that score translated?

1143
00:49:34,760 --> 00:49:35,240
Speaker 3: Is different?

1144
00:49:35,239 --> 00:49:37,240
Speaker 8: I know, does D and B doesn't report, doesn't report

1145
00:49:37,239 --> 00:49:38,880
Speaker 8: the same way because it's like the E I N number.

1146
00:49:39,200 --> 00:49:40,960
Speaker 6: How does that score get calculated?

1147
00:49:41,239 --> 00:49:42,920
Speaker 7: So on the on the business on the Dune and

1148
00:49:43,000 --> 00:49:44,920
Speaker 7: brad Street it goes from zero to one hundred.

1149
00:49:45,320 --> 00:49:47,520
Speaker 4: So that's the pay that score. It goes from zero

1150
00:49:47,640 --> 00:49:48,320
Speaker 4: to one hundred.

1151
00:49:48,600 --> 00:49:51,520
Speaker 7: And typically if you pay your bills on time, you

1152
00:49:51,560 --> 00:49:54,239
Speaker 7: know how you have like zero thirty days before you

1153
00:49:54,280 --> 00:49:57,239
Speaker 7: can be late earlier early that you pay with dun

1154
00:49:57,280 --> 00:49:59,320
Speaker 7: and Bradstreet or the accounts that report the dune in

1155
00:49:59,360 --> 00:49:59,880
Speaker 7: brad Street.

1156
00:50:00,600 --> 00:50:02,240
Speaker 4: You either could get a ninety or one hundred.

1157
00:50:02,239 --> 00:50:04,040
Speaker 7: So if your bill comes in today and you pay

1158
00:50:04,080 --> 00:50:06,520
Speaker 7: it today, you're on track to get one hundred, right,

1159
00:50:06,520 --> 00:50:08,840
Speaker 7: But as long as you pay your bills within thirty days,

1160
00:50:09,600 --> 00:50:12,759
Speaker 7: which is the net thirty, you get an eighty on experience,

1161
00:50:12,920 --> 00:50:15,600
Speaker 7: it's called the Intella score, and that also goes up

1162
00:50:15,640 --> 00:50:18,680
Speaker 7: to one hundred. Experience also has like a risk factor

1163
00:50:18,719 --> 00:50:20,799
Speaker 7: of one to five, so you want to make sure

1164
00:50:20,800 --> 00:50:23,440
Speaker 7: that you're closer to one, and how do you get

1165
00:50:23,480 --> 00:50:25,960
Speaker 7: closer to one? Pay your bills on time, try not

1166
00:50:26,000 --> 00:50:27,560
Speaker 7: to max anything out, and that.

1167
00:50:27,480 --> 00:50:30,640
Speaker 4: Goes up to one hundred. Equifax business typically goes up.

1168
00:50:30,520 --> 00:50:33,000
Speaker 7: To like five eighty, so you really, you know a

1169
00:50:33,040 --> 00:50:35,759
Speaker 7: lot of people are like, oh man, my Echofax score

1170
00:50:35,800 --> 00:50:37,920
Speaker 7: is five hundred, Like you're fine, that's okay. That they

1171
00:50:37,920 --> 00:50:40,520
Speaker 7: only go up to five eighty anyway, so you're typically

1172
00:50:40,560 --> 00:50:42,920
Speaker 7: good and that's it. So it is a little bit

1173
00:50:42,960 --> 00:50:45,840
Speaker 7: of different algorithms and that's why nab dot com is

1174
00:50:45,880 --> 00:50:48,080
Speaker 7: so great because it gives you each of your business

1175
00:50:48,160 --> 00:50:51,280
Speaker 7: credit scores every month, and as you're applying for credit,

1176
00:50:51,360 --> 00:50:53,719
Speaker 7: net thirties, gas cards, all and loans whatever the case is,

1177
00:50:53,920 --> 00:50:56,319
Speaker 7: those will start hitting NAB dot com and you'll start

1178
00:50:56,360 --> 00:50:57,960
Speaker 7: seeing your business credit score go up.

1179
00:50:58,360 --> 00:51:01,000
Speaker 6: Perfect and Transusion doesn't participate in the business side.

1180
00:51:01,200 --> 00:51:03,960
Speaker 4: Nah, they just never got into it, Okay.

1181
00:51:04,040 --> 00:51:06,239
Speaker 2: So yeah, just so this is all the information that

1182
00:51:06,280 --> 00:51:09,040
Speaker 2: you never learned in school, and most of us just

1183
00:51:09,120 --> 00:51:11,160
Speaker 2: never learned period. And you go through life and you

1184
00:51:11,320 --> 00:51:13,600
Speaker 2: just are ignorant to this stuff because you just don't

1185
00:51:13,640 --> 00:51:15,160
Speaker 2: know it right, and it's not something that you usually

1186
00:51:15,200 --> 00:51:18,560
Speaker 2: are having a conversation with because usually your social environment

1187
00:51:19,040 --> 00:51:21,920
Speaker 2: it's very similar. People hang out with people similar to themselves.

1188
00:51:22,280 --> 00:51:25,640
Speaker 2: So millionaires hang around with millionaires. Billionaires hanging around with billionaires.

1189
00:51:25,800 --> 00:51:28,200
Speaker 2: People that's struggling to living day to day they hang

1190
00:51:28,239 --> 00:51:30,560
Speaker 2: around people are struggling living day to day. It's not

1191
00:51:30,719 --> 00:51:32,759
Speaker 2: something that's wrong with you, but it's just that's just

1192
00:51:32,800 --> 00:51:33,879
Speaker 2: what it is, right, And.

1193
00:51:35,239 --> 00:51:37,439
Speaker 8: This episode is brought to you by P and C Bank.

1194
00:51:37,840 --> 00:51:40,600
Speaker 8: A lot of people think podcasts about work are boring,

1195
00:51:40,840 --> 00:51:44,680
Speaker 8: and sure they definitely can be, but understanding a professionals

1196
00:51:44,760 --> 00:51:48,000
Speaker 8: routine shows us how they achieve their success little by little,

1197
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Speaker 8: day after day. It's like banking with P and C Bank.

1198
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Speaker 8: It might seem boring to save, plan and make calculated

1199
00:51:55,320 --> 00:51:58,440
Speaker 8: decisions with your bank, but keeping your money boring is

1200
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Speaker 8: what helps you live or more happily fulfilled life. P

1201
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Speaker 8: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

1202
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Speaker 8: the PNC Financial Service Group, Inc. P and C Bank

1204
00:52:13,120 --> 00:52:15,840
Speaker 8: National Association Member FDIC.

1205
00:52:18,360 --> 00:52:19,120
Speaker 6: Earners. What's up?

1206
00:52:19,200 --> 00:52:21,680
Speaker 8: You ever walk into a small business and everything just

1207
00:52:21,800 --> 00:52:25,000
Speaker 8: works like The checkout is fast, the receipts are digital,

1208
00:52:25,520 --> 00:52:28,479
Speaker 8: tipping is a breeze, and you're out the door before

1209
00:52:28,520 --> 00:52:32,680
Speaker 8: the line even builds. Odds are they're using Square. We

1210
00:52:32,840 --> 00:52:35,360
Speaker 8: love supporting businesses that run on Square because it just

1211
00:52:35,400 --> 00:52:38,640
Speaker 8: feels seamless. Whether it's a local coffee shop, a vendor

1212
00:52:38,680 --> 00:52:40,920
Speaker 8: at a pop up market, or even one of our

1213
00:52:41,000 --> 00:52:44,640
Speaker 8: merch partners. Square makes it easy for them to take payments,

1214
00:52:44,880 --> 00:52:48,600
Speaker 8: manage inventory, and run their business with confidence, all from

1215
00:52:48,680 --> 00:52:52,080
Speaker 8: one simple system. If you're a business owner or even

1216
00:52:52,200 --> 00:52:55,719
Speaker 8: just thinking about launching something soon, Square is hands down

1217
00:52:55,719 --> 00:52:58,080
Speaker 8: one of the best tools out there to help you start,

1218
00:52:58,440 --> 00:53:02,320
Speaker 8: run and grows. Not just about payments It's about giving

1219
00:53:02,360 --> 00:53:05,000
Speaker 8: you time back so you can focus on what matters

1220
00:53:05,040 --> 00:53:08,320
Speaker 8: most ready. To see how Square can transform your business,

1221
00:53:08,560 --> 00:53:13,520
Speaker 8: visit Square dot com backslash go backslash eyl to learn more.

1222
00:53:13,760 --> 00:53:18,439
Speaker 8: That's Square dot com backslash, go backslash eyl. Don't wait,

1223
00:53:18,760 --> 00:53:21,560
Speaker 8: don't hesitate. Let's Square handle the back end so you

1224
00:53:21,600 --> 00:53:23,240
Speaker 8: can keep pushing your vision forward.

1225
00:53:25,719 --> 00:53:28,799
Speaker 11: Attention all small biz owners. At the ups Store, you

1226
00:53:28,840 --> 00:53:30,919
Speaker 11: can count on us to handle your packages with care.

1227
00:53:31,600 --> 00:53:34,840
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1228
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Speaker 11: and protected and with our packing Ship Guarantee. When we

1229
00:53:39,000 --> 00:53:41,640
Speaker 11: pack it and ship it, we guarantee because your items

1230
00:53:41,719 --> 00:53:44,960
Speaker 11: arrive safe or you'll be reimbursed. Visit the upstore dot

1231
00:53:44,960 --> 00:53:47,959
Speaker 11: com slash guarantee for full details. Most locations are independently owned.

1232
00:53:47,960 --> 00:53:50,480
Speaker 11: Product services, pricing, and hours of operation may vary. See

1233
00:53:50,480 --> 00:53:54,160
Speaker 11: center for details. The ups Store be unstoppable. Come into

1234
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Speaker 11: your local store today.

1235
00:53:55,640 --> 00:53:57,520
Speaker 2: If you are living day to day, you are living

1236
00:53:57,520 --> 00:54:00,279
Speaker 2: paycheck to paycheck, you are just you know in that

1237
00:54:00,560 --> 00:54:03,400
Speaker 2: then that this isn't a conversation that you're really having.

1238
00:54:04,520 --> 00:54:07,000
Speaker 2: The conversations that you have in is a lot different

1239
00:54:07,040 --> 00:54:09,719
Speaker 2: than this, right, So the whole point is to actually,

1240
00:54:09,800 --> 00:54:12,359
Speaker 2: you know, expand your mind, even even if you don't

1241
00:54:12,400 --> 00:54:16,399
Speaker 2: have the friends circle that you might necessarily.

1242
00:54:15,880 --> 00:54:16,520
Speaker 3: Need to build.

1243
00:54:16,800 --> 00:54:19,360
Speaker 2: That's why we created a community where you can actually

1244
00:54:19,480 --> 00:54:23,160
Speaker 2: learn and get this insight, get this information, and even

1245
00:54:23,200 --> 00:54:25,600
Speaker 2: if you can't really fully understand or grasp everything at

1246
00:54:25,600 --> 00:54:27,440
Speaker 2: one time, what happens is that it's like learning a

1247
00:54:27,480 --> 00:54:30,120
Speaker 2: foreign language. The more you hear, the more you actually

1248
00:54:30,160 --> 00:54:34,520
Speaker 2: are around an environment with encouraging people, then that actually

1249
00:54:34,560 --> 00:54:38,239
Speaker 2: becomes more comfortable for you. So it's like anything that

1250
00:54:38,280 --> 00:54:40,400
Speaker 2: you do, you know, the people that you surround yourself,

1251
00:54:40,400 --> 00:54:42,719
Speaker 2: the information that you surround yourself with is going to

1252
00:54:42,760 --> 00:54:46,000
Speaker 2: determine your future. So you can, you know, watch reality TV,

1253
00:54:46,239 --> 00:54:49,520
Speaker 2: gossip or you know, indulge in all kinds of negativity

1254
00:54:50,040 --> 00:54:53,600
Speaker 2: and that's what most people do, and that's why most

1255
00:54:53,600 --> 00:54:56,960
Speaker 2: people will never reach the level of success that they

1256
00:54:57,000 --> 00:55:00,000
Speaker 2: want or you can, you know, do it very few

1257
00:55:00,080 --> 00:55:02,719
Speaker 2: people do. With you know, you surround yourself with positivity

1258
00:55:03,280 --> 00:55:08,680
Speaker 2: and education and that is really the key to unlocking

1259
00:55:09,200 --> 00:55:12,520
Speaker 2: your true potential in life. So that's what we did

1260
00:55:12,520 --> 00:55:14,680
Speaker 2: with Eyo University. As far as you know, we created

1261
00:55:14,680 --> 00:55:17,640
Speaker 2: a system, I mean early leisure periods a platform to learn,

1262
00:55:17,840 --> 00:55:20,480
Speaker 2: and eyl University is just an extension of that, just

1263
00:55:20,560 --> 00:55:24,080
Speaker 2: you know, pretty much on steroids where it's a community

1264
00:55:24,160 --> 00:55:26,560
Speaker 2: where you know, anybody can watch a podcast, anybody could

1265
00:55:26,600 --> 00:55:28,960
Speaker 2: be on social media, but if you're part of a community,

1266
00:55:29,000 --> 00:55:31,560
Speaker 2: you in zoom. We have accountability groups, we have you

1267
00:55:31,600 --> 00:55:33,960
Speaker 2: know groups that infinity groups inside of it. We have

1268
00:55:34,239 --> 00:55:36,520
Speaker 2: I do financial planning calls every single month with a

1269
00:55:36,520 --> 00:55:38,960
Speaker 2: couple hundred people that's tapped in. They get to ask

1270
00:55:39,040 --> 00:55:41,080
Speaker 2: questions and the next part of what we're going to

1271
00:55:41,160 --> 00:55:43,360
Speaker 2: do is different than like just what we do on

1272
00:55:43,360 --> 00:55:46,319
Speaker 2: a podcast where now this is actually like an interactive

1273
00:55:46,880 --> 00:55:50,520
Speaker 2: you know, situation where you can ask questions that's specific

1274
00:55:50,600 --> 00:55:52,960
Speaker 2: to your your individual question as opposed to trying to

1275
00:55:53,000 --> 00:55:55,279
Speaker 2: DM somebody or hit somebody in the comments. We know

1276
00:55:55,320 --> 00:55:57,600
Speaker 2: how hard that is to recall to answer to that,

1277
00:55:58,040 --> 00:55:59,759
Speaker 2: so you know, earn your leisia. We have over a

1278
00:56:00,080 --> 00:56:03,600
Speaker 2: hundred and fifty archive classes. We do classes every single week.

1279
00:56:03,880 --> 00:56:05,840
Speaker 2: We do financial planning, we do real estate, we have

1280
00:56:05,960 --> 00:56:08,560
Speaker 2: groups and it's just it's a community. We're gonna do

1281
00:56:08,600 --> 00:56:12,080
Speaker 2: live events just for eyl University members. So last time

1282
00:56:12,120 --> 00:56:14,080
Speaker 2: we did this, we had dropped the price to six

1283
00:56:14,239 --> 00:56:16,160
Speaker 2: ninety nine for the entire year, and we kept that

1284
00:56:16,239 --> 00:56:20,200
Speaker 2: running actually all the way to this. So that will

1285
00:56:20,280 --> 00:56:22,880
Speaker 2: change on Friday, because I'm gonna let everybody that here

1286
00:56:22,920 --> 00:56:24,160
Speaker 2: is if on the audio, We're gonna put it out

1287
00:56:24,160 --> 00:56:26,560
Speaker 2: on audio on Friday. But after that it'll go back

1288
00:56:26,600 --> 00:56:28,239
Speaker 2: up to it'll still be a discount. It'll be one

1289
00:56:28,280 --> 00:56:30,040
Speaker 2: thousand dollars for the whole entire year. I mean, I

1290
00:56:30,040 --> 00:56:31,759
Speaker 2: think that's I mean, you know, so.

1291
00:56:31,719 --> 00:56:34,640
Speaker 8: I said, I always am baffled by that, Like I've

1292
00:56:34,680 --> 00:56:36,759
Speaker 8: had some messages with my books more than that.

1293
00:56:37,000 --> 00:56:38,359
Speaker 2: No, it's not even it's I mean, it's not even

1294
00:56:38,360 --> 00:56:39,520
Speaker 2: a sales pitch. It's like, you know, if you want

1295
00:56:39,560 --> 00:56:40,960
Speaker 2: to be a part of it, six ninety nine for

1296
00:56:41,000 --> 00:56:43,200
Speaker 2: the whole year. If not, then you know, we still

1297
00:56:43,200 --> 00:56:44,800
Speaker 2: love it. You just you just get the free information

1298
00:56:44,880 --> 00:56:46,480
Speaker 2: that we just put out on YouTube. It's not it's

1299
00:56:46,480 --> 00:56:49,640
Speaker 2: not for everybody. It's no pressure, but that's just you know,

1300
00:56:49,680 --> 00:56:51,840
Speaker 2: it is what it is. So yeah, I think we

1301
00:56:52,000 --> 00:56:54,640
Speaker 2: that we put together one of the most impressive bodies

1302
00:56:54,680 --> 00:56:58,520
Speaker 2: of works that has ever been put together, and you know,

1303
00:56:58,640 --> 00:57:01,239
Speaker 2: at a price that is is almost free. If you

1304
00:57:01,239 --> 00:57:04,239
Speaker 2: really look at it from that standpoint, you know. So, yeah,

1305
00:57:04,280 --> 00:57:06,960
Speaker 2: I put the link in the description. We could put

1306
00:57:07,160 --> 00:57:09,600
Speaker 2: put the link in the uh it's penned on YouTube.

1307
00:57:09,640 --> 00:57:11,759
Speaker 2: Also if you want to take advantage of that. So

1308
00:57:11,760 --> 00:57:13,799
Speaker 2: I guess it's like forty eight hours until Friday, you

1309
00:57:13,800 --> 00:57:16,400
Speaker 2: can take advantage of that. Yeah, we love to see you.

1310
00:57:16,440 --> 00:57:17,720
Speaker 2: On the other side, we're working on a couple other

1311
00:57:17,760 --> 00:57:19,760
Speaker 2: things too that fully going to take eyl University to

1312
00:57:19,800 --> 00:57:22,360
Speaker 2: the next level. But let's get to the questions. This

1313
00:57:22,440 --> 00:57:24,720
Speaker 2: is my favorite part of this whole situation, where people

1314
00:57:24,720 --> 00:57:25,439
Speaker 2: get to ask questions.

1315
00:57:25,440 --> 00:57:26,920
Speaker 8: I'm back at it. I'm back at Let's see if

1316
00:57:26,920 --> 00:57:29,080
Speaker 8: I still got it. Soya, we're coming to you. Toya,

1317
00:57:29,120 --> 00:57:30,920
Speaker 8: I'm mute yourself. You've been unmuted. What's going on?

1318
00:57:34,080 --> 00:57:35,000
Speaker 5: Hi? Everybody?

1319
00:57:35,160 --> 00:57:35,640
Speaker 6: How you doing?

1320
00:57:35,640 --> 00:57:37,520
Speaker 3: How's it going? Oh good?

1321
00:57:37,840 --> 00:57:41,000
Speaker 12: I had put my questions in it Q and A,

1322
00:57:41,160 --> 00:57:46,280
Speaker 12: but I'll just ask like one, okay, So, as far

1323
00:57:46,320 --> 00:57:49,600
Speaker 12: as credit cards is it is it a bad thing

1324
00:57:49,720 --> 00:57:52,760
Speaker 12: to carry a zero balance on your card for a

1325
00:57:52,760 --> 00:57:56,280
Speaker 12: long period of time? I asked, because I've had two

1326
00:57:56,400 --> 00:57:59,640
Speaker 12: credit cards that I have for like eight years, and

1327
00:57:59,680 --> 00:58:03,280
Speaker 12: they just, like you know, at one point they reduce

1328
00:58:03,480 --> 00:58:07,560
Speaker 12: the limit because they said I hadn't been using them.

1329
00:58:07,600 --> 00:58:10,200
Speaker 12: So is it better to like keep that ten percent

1330
00:58:10,400 --> 00:58:13,760
Speaker 12: on there or to have a zero balance nowadays?

1331
00:58:14,400 --> 00:58:16,919
Speaker 4: Yep, So I do see that happen happening a lot.

1332
00:58:17,600 --> 00:58:20,000
Speaker 7: And I always tell people, you know, keep your credit

1333
00:58:20,040 --> 00:58:23,760
Speaker 7: cards on auto payment, right, and then if you know,

1334
00:58:24,120 --> 00:58:26,400
Speaker 7: you don't have to use every single credit card and

1335
00:58:26,440 --> 00:58:29,240
Speaker 7: max every single credit card out, but in order to

1336
00:58:29,320 --> 00:58:31,880
Speaker 7: prevent them from closing or lowering the limit on a

1337
00:58:31,880 --> 00:58:33,880
Speaker 7: credit card that's eight years old, five year old, what

1338
00:58:34,000 --> 00:58:39,960
Speaker 7: the case is. Makes And let's say if it's a

1339
00:58:40,000 --> 00:58:42,960
Speaker 7: store card, buy a shirt, buy a suit, and then

1340
00:58:43,000 --> 00:58:44,640
Speaker 7: it's on auto pay, so you know the whole thing

1341
00:58:44,680 --> 00:58:47,200
Speaker 7: is gonna be paid off in less than three days. Right,

1342
00:58:47,840 --> 00:58:50,280
Speaker 7: if it's a credit card you could use anywhere, and

1343
00:58:50,320 --> 00:58:53,000
Speaker 7: it's an old credit card, buy a stick of gum,

1344
00:58:53,200 --> 00:58:56,280
Speaker 7: buy milk, whatever the case is. You don't necessarily have

1345
00:58:56,400 --> 00:58:59,760
Speaker 7: to have a zero, zero, zero balance on a card,

1346
00:58:59,840 --> 00:59:02,640
Speaker 7: just specially that you're using, right. But the more you

1347
00:59:02,760 --> 00:59:05,640
Speaker 7: use a card, the higher limit you're gonna get, so

1348
00:59:05,800 --> 00:59:07,720
Speaker 7: eventually your credit score is going.

1349
00:59:07,680 --> 00:59:08,320
Speaker 4: To be higher.

1350
00:59:08,600 --> 00:59:10,200
Speaker 7: But with those credit cards that are kind of like

1351
00:59:10,240 --> 00:59:11,800
Speaker 7: BS credit cards, but you don't want to close them

1352
00:59:11,840 --> 00:59:12,560
Speaker 7: because of the history.

1353
00:59:12,760 --> 00:59:14,320
Speaker 4: Just leave them on all to pay, use them every

1354
00:59:14,360 --> 00:59:15,040
Speaker 4: once in a while.

1355
00:59:15,240 --> 00:59:17,640
Speaker 7: But also don't be afraid to use the credit cards either,

1356
00:59:17,680 --> 00:59:19,320
Speaker 7: if you know that that credit card is going to

1357
00:59:19,320 --> 00:59:22,120
Speaker 7: produce some type of return on an investment. If you

1358
00:59:22,120 --> 00:59:23,680
Speaker 7: have a ten thousand dollars credit card and you know

1359
00:59:23,720 --> 00:59:25,880
Speaker 7: that you can make twenty thousand dollars by using that

1360
00:59:25,880 --> 00:59:28,080
Speaker 7: ten grand, I'm gonna use the ten grand all day,

1361
00:59:28,480 --> 00:59:31,120
Speaker 7: and who cares if I carry a balance for thirty days,

1362
00:59:31,200 --> 00:59:33,480
Speaker 7: because I'm gonna get twenty thousand dollars paid off.

1363
00:59:33,920 --> 00:59:35,640
Speaker 4: And then you get a business credit card or whatever

1364
00:59:35,640 --> 00:59:36,080
Speaker 4: the case is.

1365
00:59:36,120 --> 00:59:37,720
Speaker 7: And that's the power what I'm saying, Like, if you

1366
00:59:37,760 --> 00:59:40,320
Speaker 7: get the business credit cards, it really doesn't matter how

1367
00:59:40,400 --> 00:59:42,360
Speaker 7: much you charge on it. But with the personal cards,

1368
00:59:42,400 --> 00:59:43,960
Speaker 7: put them on all to pay, use them every once

1369
00:59:44,000 --> 00:59:45,800
Speaker 7: in a while so that way they don't close them.

1370
00:59:45,680 --> 00:59:47,640
Speaker 6: Out, and you can use them for specific things.

1371
00:59:47,640 --> 00:59:50,640
Speaker 8: Like I'm a huge sneakerhead, and so I have an

1372
00:59:50,640 --> 00:59:52,760
Speaker 8: Amazon card has great rewards on it. I use it

1373
00:59:52,880 --> 00:59:54,880
Speaker 8: only for my ideas that like, I don't use it

1374
00:59:54,920 --> 00:59:57,080
Speaker 8: for anything else, and I don't buy Adidas too often.

1375
00:59:57,360 --> 00:59:58,800
Speaker 8: But if I do, it's just like I know that

1376
00:59:58,920 --> 01:00:00,680
Speaker 8: that's that credit card and it's on all the play

1377
01:00:00,760 --> 01:00:02,920
Speaker 8: so it's like boom, and then it builds up my

1378
01:00:03,000 --> 01:00:04,800
Speaker 8: points with them, and then so now I get access

1379
01:00:04,880 --> 01:00:09,040
Speaker 8: to a certain advantage, get access to early drops. So

1380
01:00:09,360 --> 01:00:12,360
Speaker 8: you could just have the credit card specifically for one thing.

1381
01:00:12,720 --> 01:00:14,760
Speaker 2: Yeah, it happened to me where they close the credit

1382
01:00:14,840 --> 01:00:17,120
Speaker 2: card and drop my credit score a little bit because

1383
01:00:17,120 --> 01:00:17,880
Speaker 2: I wasn't using it.

1384
01:00:19,240 --> 01:00:20,240
Speaker 3: So I'm gonna ask a question.

1385
01:00:20,560 --> 01:00:23,080
Speaker 12: Yeah, that's that's what happened to me too, Like it

1386
01:00:23,240 --> 01:00:25,920
Speaker 12: dropped my script my score, and I'm like, WHOA. I

1387
01:00:26,000 --> 01:00:29,000
Speaker 12: thought I was good because I have a zero balance.

1388
01:00:29,520 --> 01:00:31,840
Speaker 2: Yeah, but I mean it should go up. It should

1389
01:00:31,840 --> 01:00:33,680
Speaker 2: go back up pretty quickly though, right, Jose, Like, that's

1390
01:00:33,720 --> 01:00:34,439
Speaker 2: not something that's going.

1391
01:00:34,360 --> 01:00:35,440
Speaker 3: To hurt you in a long term.

1392
01:00:35,880 --> 01:00:37,840
Speaker 4: What if they lower the limit, if.

1393
01:00:37,760 --> 01:00:39,920
Speaker 3: They if they cancel your credit card because you're not using.

1394
01:00:39,800 --> 01:00:42,320
Speaker 7: It, Yeah, it could potentially hurt you because what you're

1395
01:00:42,360 --> 01:00:45,320
Speaker 7: doing is is you're lowering the available credit that you've.

1396
01:00:46,720 --> 01:00:49,160
Speaker 4: So what I say with that is if you have

1397
01:00:49,480 --> 01:00:50,720
Speaker 4: if they close that card.

1398
01:00:50,600 --> 01:00:53,800
Speaker 7: Out, kind of count your l it's a loss because

1399
01:00:53,800 --> 01:00:55,560
Speaker 7: if you try to reopen that card, they will run

1400
01:00:55,600 --> 01:00:58,520
Speaker 7: your credit. Another thing you could do is just visit

1401
01:00:58,600 --> 01:01:00,880
Speaker 7: the other credit cards that you have and see if

1402
01:01:00,960 --> 01:01:03,480
Speaker 7: those credit cards will give you a higher limit. Because

1403
01:01:03,760 --> 01:01:06,600
Speaker 7: if you're worried about inquiries, which I tell people, don't

1404
01:01:06,640 --> 01:01:08,680
Speaker 7: be afraid of them, because you have to run your

1405
01:01:08,720 --> 01:01:09,440
Speaker 7: credit sometime.

1406
01:01:09,760 --> 01:01:11,520
Speaker 4: But all you got to do is really just visit

1407
01:01:11,600 --> 01:01:12,320
Speaker 4: the other credit.

1408
01:01:12,160 --> 01:01:13,600
Speaker 7: Cards you have and see if they'll give you a

1409
01:01:13,680 --> 01:01:16,840
Speaker 7: limit increase, because that's a better option to do if

1410
01:01:16,840 --> 01:01:18,480
Speaker 7: they already close that card, because it's not the age

1411
01:01:18,520 --> 01:01:21,320
Speaker 7: of the account, but you don't have the available credit

1412
01:01:21,400 --> 01:01:22,000
Speaker 7: in that account.

1413
01:01:22,360 --> 01:01:25,480
Speaker 2: And then also the reason why it closed my account

1414
01:01:25,520 --> 01:01:27,160
Speaker 2: because I had I think I had too many credit

1415
01:01:27,200 --> 01:01:29,080
Speaker 2: cards and it was just it was too much to

1416
01:01:29,200 --> 01:01:30,520
Speaker 2: use them all. So a lot of them I just

1417
01:01:30,600 --> 01:01:33,320
Speaker 2: didn't use. So my next question is how much how

1418
01:01:33,400 --> 01:01:34,960
Speaker 2: many credit cards should you actually have?

1419
01:01:36,680 --> 01:01:41,680
Speaker 4: I tell people it really depends. Man.

1420
01:01:41,800 --> 01:01:45,240
Speaker 7: I mean I have here on my desk right, and

1421
01:01:45,360 --> 01:01:49,480
Speaker 7: this is just some of my cards. Everybody's different. I mean,

1422
01:01:50,600 --> 01:01:54,080
Speaker 7: these are all credit cards right here, right, These are

1423
01:01:54,120 --> 01:01:56,680
Speaker 7: all credit cards right here right. I mean I have

1424
01:01:56,840 --> 01:01:59,840
Speaker 7: like three bundles of credit cards. They all they all

1425
01:02:00,280 --> 01:02:02,440
Speaker 7: paid on time, some of them maxed out. I went

1426
01:02:02,480 --> 01:02:04,080
Speaker 7: to Disney that two credit cards are maxed out for

1427
01:02:04,160 --> 01:02:07,440
Speaker 7: my wife's birthday. The thing is is as long as

1428
01:02:07,560 --> 01:02:11,080
Speaker 7: you do not carry balances for a long period of

1429
01:02:11,160 --> 01:02:14,200
Speaker 7: time and they're late. I've seen people with forty credit cards,

1430
01:02:14,360 --> 01:02:16,760
Speaker 7: fifty credit cards, you know what I mean, as long

1431
01:02:16,840 --> 01:02:19,040
Speaker 7: as it becomes a business at that point trying to

1432
01:02:19,120 --> 01:02:22,640
Speaker 7: manage it all. But I always tell people, as many

1433
01:02:22,720 --> 01:02:25,360
Speaker 7: you can handle, but just don't get all those forty

1434
01:02:25,400 --> 01:02:27,360
Speaker 7: credit cards in a year. You're gonna have to build

1435
01:02:27,400 --> 01:02:28,920
Speaker 7: it up, you know, every couple of months, apply for

1436
01:02:28,960 --> 01:02:30,720
Speaker 7: a credit card here and there. So as long as

1437
01:02:30,760 --> 01:02:33,919
Speaker 7: you don't have inquiries, you know, four inquiries a month

1438
01:02:34,360 --> 01:02:37,080
Speaker 7: and then late payments and max doll cards. I tell

1439
01:02:37,120 --> 01:02:39,400
Speaker 7: people take advantage of as many credit cards as you can,

1440
01:02:39,520 --> 01:02:41,080
Speaker 7: hint as you can and handle.

1441
01:02:41,320 --> 01:02:44,200
Speaker 4: Because what if what if you lose your job one day?

1442
01:02:44,240 --> 01:02:47,400
Speaker 7: What if you know, something happens, and if you have

1443
01:02:48,200 --> 01:02:50,160
Speaker 7: hundred thousand dollars in credit cards, but you know you

1444
01:02:50,200 --> 01:02:52,720
Speaker 7: can only make the minimum payment that might save you

1445
01:02:52,880 --> 01:02:55,640
Speaker 7: from losing your house, from losing your car, or.

1446
01:02:55,640 --> 01:02:56,400
Speaker 4: Whatever the case is.

1447
01:02:56,480 --> 01:02:59,240
Speaker 7: So use credit still as also as a resource as

1448
01:02:59,280 --> 01:03:01,800
Speaker 7: a saving in case something bad happens.

1449
01:03:01,840 --> 01:03:03,480
Speaker 4: And so I always tell people.

1450
01:03:03,520 --> 01:03:06,680
Speaker 7: As many as you think you can handle, that you're

1451
01:03:06,720 --> 01:03:09,000
Speaker 7: not gonna max out. And that's a very broad question

1452
01:03:09,080 --> 01:03:11,360
Speaker 7: because I don't want people to be afraid to have

1453
01:03:11,520 --> 01:03:13,600
Speaker 7: twenty credit cards, you know what I mean, because it

1454
01:03:13,680 --> 01:03:14,560
Speaker 7: could save you one day.

1455
01:03:15,800 --> 01:03:19,880
Speaker 6: We appreciate you, Joeya, thank you. Yeah, all right, let's

1456
01:03:19,880 --> 01:03:22,400
Speaker 6: see where we go. Rachel, Rachel, we are.

1457
01:03:22,400 --> 01:03:22,840
Speaker 3: Coming to you.

1458
01:03:23,200 --> 01:03:24,760
Speaker 6: Mute yourself. You've been on muted? What's going on?

1459
01:03:30,080 --> 01:03:30,320
Speaker 5: Hello?

1460
01:03:30,840 --> 01:03:31,480
Speaker 6: Hey, how you doing?

1461
01:03:31,560 --> 01:03:32,040
Speaker 3: What's going on?

1462
01:03:32,600 --> 01:03:32,720
Speaker 9: Oh?

1463
01:03:32,800 --> 01:03:34,640
Speaker 13: I didn't know y'all were gonna pick me. I was

1464
01:03:34,760 --> 01:03:36,400
Speaker 13: just looking at the show. I didn't know you were

1465
01:03:36,400 --> 01:03:36,960
Speaker 13: gonna pick me.

1466
01:03:37,960 --> 01:03:38,560
Speaker 3: You got a question?

1467
01:03:38,680 --> 01:03:41,160
Speaker 13: Oh but I do have a question. But I always

1468
01:03:41,240 --> 01:03:43,480
Speaker 13: I just wanted to say this real quick. I just

1469
01:03:43,600 --> 01:03:45,320
Speaker 13: wanted to say that I just thank you guys for

1470
01:03:45,400 --> 01:03:49,040
Speaker 13: doing what you're doing. Because when I was like growing up,

1471
01:03:49,560 --> 01:03:52,040
Speaker 13: I'm like forty now, but when I was like in

1472
01:03:52,160 --> 01:03:54,480
Speaker 13: my twenties, you know, I had a good job. I

1473
01:03:54,600 --> 01:03:57,400
Speaker 13: worked for corrections or whatever, but I never knew this

1474
01:03:57,480 --> 01:03:59,640
Speaker 13: type of stuff. So now that I know, I'm like

1475
01:03:59,720 --> 01:04:03,439
Speaker 13: catching up. And I joined the I joined the stock

1476
01:04:03,720 --> 01:04:05,920
Speaker 13: club and everything and got my house. I just want

1477
01:04:05,960 --> 01:04:07,960
Speaker 13: to say that you guys are really help me. That's

1478
01:04:07,960 --> 01:04:08,560
Speaker 13: all I have to say.

1479
01:04:08,800 --> 01:04:11,160
Speaker 6: Hey, Rachel, thank you, and I want you to save

1480
01:04:11,240 --> 01:04:13,080
Speaker 6: forty with pride. I want you saying that like that.

1481
01:04:13,480 --> 01:04:17,840
Speaker 13: Yeah, retired, I retired from my job and forty I got.

1482
01:04:17,720 --> 01:04:18,520
Speaker 5: Into real estate.

1483
01:04:19,040 --> 01:04:20,960
Speaker 13: I did all these great things, but I had no

1484
01:04:21,080 --> 01:04:23,880
Speaker 13: one to like back me. I found you guys, and

1485
01:04:24,000 --> 01:04:25,880
Speaker 13: now I'm like it's on and popping.

1486
01:04:26,720 --> 01:04:27,120
Speaker 6: I love it.

1487
01:04:27,960 --> 01:04:29,480
Speaker 3: Thank you, appreciate that.

1488
01:04:30,000 --> 01:04:32,320
Speaker 13: But my question is real quick, what's the best what

1489
01:04:32,480 --> 01:04:34,360
Speaker 13: do you in your in your suggestion, what's the best

1490
01:04:34,480 --> 01:04:35,560
Speaker 13: bank to start your business?

1491
01:04:35,560 --> 01:04:38,240
Speaker 9: Credit in your business? Excuse me?

1492
01:04:38,600 --> 01:04:39,800
Speaker 13: Your business checking account?

1493
01:04:40,600 --> 01:04:42,400
Speaker 4: Say that? Say that one part again business?

1494
01:04:42,400 --> 01:04:45,560
Speaker 3: What's the bank? What's the best bank for business checking? Yes?

1495
01:04:46,040 --> 01:04:46,880
Speaker 4: I love Chase.

1496
01:04:47,560 --> 01:04:51,080
Speaker 7: I just love Chase because Chases chases everywhere and if

1497
01:04:51,120 --> 01:04:54,160
Speaker 7: God forbid, you're on vacation and you're applying for a mortgage,

1498
01:04:54,200 --> 01:04:56,000
Speaker 7: your business bank account, or a loan or whatever the

1499
01:04:56,080 --> 01:04:59,240
Speaker 7: case is, and they need something, Chase, Chase is usually

1500
01:04:59,280 --> 01:05:01,680
Speaker 7: everywhere and it's very accessible.

1501
01:05:01,720 --> 01:05:02,680
Speaker 4: So that's why I like Chase.

1502
01:05:04,560 --> 01:05:06,520
Speaker 8: Concur right like that, that's kind of who we use

1503
01:05:06,560 --> 01:05:09,160
Speaker 8: as well, we both had personal accounts there and so

1504
01:05:09,240 --> 01:05:11,520
Speaker 8: when we open the business just made sense that they

1505
01:05:11,560 --> 01:05:14,320
Speaker 8: can see all our finances is really streamlined. So that's

1506
01:05:14,320 --> 01:05:15,000
Speaker 8: who we use as well.

1507
01:05:15,080 --> 01:05:17,120
Speaker 3: So Chase, Yeah, I use Chase. It's got a lot

1508
01:05:17,120 --> 01:05:17,960
Speaker 3: of accounts for Chase.

1509
01:05:18,000 --> 01:05:20,000
Speaker 2: But I will say that it is important to diversify

1510
01:05:20,040 --> 01:05:23,520
Speaker 2: your banks because even I have an online capital one

1511
01:05:23,720 --> 01:05:28,280
Speaker 2: savings account, you never know, you never know what can happen,

1512
01:05:29,000 --> 01:05:31,880
Speaker 2: and you know they freeze your account.

1513
01:05:31,920 --> 01:05:32,960
Speaker 3: Anything is possible.

1514
01:05:33,640 --> 01:05:37,800
Speaker 2: So especially as you grow more assets, it's never it's

1515
01:05:37,840 --> 01:05:40,200
Speaker 2: not a bad idea to diversify and have You don't

1516
01:05:40,200 --> 01:05:42,400
Speaker 2: want to have like thirty different bank accounts, but you

1517
01:05:42,480 --> 01:05:44,480
Speaker 2: might want to have a few different, few different accounts

1518
01:05:44,480 --> 01:05:45,720
Speaker 2: for a few different institutions.

1519
01:05:45,880 --> 01:05:50,240
Speaker 6: Yeah, I agree with that too. Yeah, thank you, Thank you, Rachel,

1520
01:05:50,280 --> 01:05:51,680
Speaker 6: and congratulations on retiring.

1521
01:05:52,200 --> 01:05:53,320
Speaker 13: Thank you, thank you very much.

1522
01:05:53,520 --> 01:05:59,000
Speaker 8: All right, Rachel, Rachel from New York. You know we

1523
01:05:59,040 --> 01:06:02,840
Speaker 8: ain't got to ask down to the city. Let's see,

1524
01:06:02,920 --> 01:06:06,080
Speaker 8: let's go to Tony. We coming to you, Tony K

1525
01:06:06,240 --> 01:06:07,960
Speaker 8: were coming to you. What's going on? I'm mute yourself,

1526
01:06:07,960 --> 01:06:08,640
Speaker 8: you've been unmuted.

1527
01:06:08,680 --> 01:06:09,040
Speaker 6: What's up?

1528
01:06:10,280 --> 01:06:12,520
Speaker 5: All right? What's going on? Brothers. How you guys doing

1529
01:06:12,560 --> 01:06:13,000
Speaker 5: this evening?

1530
01:06:15,280 --> 01:06:17,160
Speaker 14: All right, good good. I'm gonna make it real quick.

1531
01:06:17,200 --> 01:06:21,360
Speaker 14: I just got two quick questions for you. I think

1532
01:06:21,400 --> 01:06:24,120
Speaker 14: you're already coveted earlier, but I just want.

1533
01:06:23,960 --> 01:06:24,439
Speaker 5: To make sure.

1534
01:06:24,640 --> 01:06:29,440
Speaker 14: So I was trying to apply for business credit and

1535
01:06:30,600 --> 01:06:36,080
Speaker 14: this company asks for a personal guarantee. So is that

1536
01:06:36,280 --> 01:06:38,680
Speaker 14: going to affect my personal credit? Is it going to

1537
01:06:38,760 --> 01:06:42,000
Speaker 14: show up that I'm applying for business credit? Is that

1538
01:06:42,080 --> 01:06:43,320
Speaker 14: going to mess me up personally?

1539
01:06:43,560 --> 01:06:45,960
Speaker 4: Or would you mind me asking who the company is?

1540
01:06:47,520 --> 01:06:48,840
Speaker 5: A company called Cabbage.

1541
01:06:50,480 --> 01:06:53,320
Speaker 7: Yes, Cabbage actually will run your credit, and they're actually

1542
01:06:53,360 --> 01:06:54,320
Speaker 7: going to run experience.

1543
01:06:55,800 --> 01:06:58,919
Speaker 4: It is going to be a hard inquiry. But here's

1544
01:06:58,920 --> 01:07:01,520
Speaker 4: the thing. If that account is going to.

1545
01:07:01,560 --> 01:07:06,400
Speaker 7: Give you access to thirty forty fifty sixty thousand dollars,

1546
01:07:08,280 --> 01:07:09,520
Speaker 7: I say go for it. You know what I mean,

1547
01:07:09,880 --> 01:07:12,920
Speaker 7: because you're securing that not only with your business checking account,

1548
01:07:13,280 --> 01:07:15,520
Speaker 7: but also they will run your personal credit and that's

1549
01:07:15,560 --> 01:07:17,560
Speaker 7: like a line of credit, kind of like fund the

1550
01:07:17,640 --> 01:07:18,680
Speaker 7: box and Blue Viney.

1551
01:07:20,040 --> 01:07:21,280
Speaker 5: Gotcha? Okay?

1552
01:07:21,560 --> 01:07:21,920
Speaker 6: All right?

1553
01:07:23,400 --> 01:07:28,680
Speaker 14: Second quick question is I've been established for about maybe

1554
01:07:28,720 --> 01:07:32,240
Speaker 14: eight years with my LLC, and I'm trying so hard

1555
01:07:32,320 --> 01:07:35,040
Speaker 14: to get business credit like right now, I think I

1556
01:07:35,160 --> 01:07:39,600
Speaker 14: got two credit cards, one Chase which is about maybe

1557
01:07:39,640 --> 01:07:43,280
Speaker 14: seventy five hundred, then I got American Express which is

1558
01:07:43,320 --> 01:07:48,480
Speaker 14: about nine thousand. What is the best bank to go

1559
01:07:48,640 --> 01:07:52,680
Speaker 14: to at this point with someone that's bringing in about

1560
01:07:52,760 --> 01:07:57,000
Speaker 14: maybe thirty five forty thousand business wise with those two

1561
01:07:57,080 --> 01:08:00,960
Speaker 14: credit cards and trying to maximize my business credit?

1562
01:08:01,240 --> 01:08:04,120
Speaker 5: Is there like a institution that you can kind of

1563
01:08:04,160 --> 01:08:05,040
Speaker 5: direct me to for that?

1564
01:08:05,880 --> 01:08:07,360
Speaker 4: What do you mean you're bringing in that a month

1565
01:08:07,480 --> 01:08:08,360
Speaker 4: or you're talking about.

1566
01:08:08,840 --> 01:08:11,720
Speaker 3: Like a year? Like a year right now? Right, that's

1567
01:08:11,760 --> 01:08:13,080
Speaker 3: how much this business is making a year.

1568
01:08:13,440 --> 01:08:15,880
Speaker 4: Okay, So so you want to know where you can

1569
01:08:15,920 --> 01:08:18,479
Speaker 4: go to what to leverage more credit or more credit cards.

1570
01:08:19,320 --> 01:08:21,160
Speaker 14: I'm looking to go to a place where I can

1571
01:08:21,240 --> 01:08:23,600
Speaker 14: get more credit, like a line of credit, Like I

1572
01:08:23,680 --> 01:08:26,080
Speaker 14: want to try to get like, you know, seventy five

1573
01:08:26,160 --> 01:08:27,880
Speaker 14: to one hundred thousand line of credit.

1574
01:08:28,320 --> 01:08:30,640
Speaker 7: Okay, yeah, No, So what you might have to do

1575
01:08:30,880 --> 01:08:33,200
Speaker 7: is you might have to because of the income you

1576
01:08:33,280 --> 01:08:36,679
Speaker 7: have coming in, you might have to apply for certain

1577
01:08:37,600 --> 01:08:39,760
Speaker 7: lines of credit. Right, so you might have to go

1578
01:08:39,840 --> 01:08:42,240
Speaker 7: to you already went to Cabbage, right, You're gonna have

1579
01:08:42,280 --> 01:08:43,920
Speaker 7: to go to a phone box you're gonna have to

1580
01:08:43,960 --> 01:08:46,360
Speaker 7: go to Bluevine. You're gonna have like, like I was

1581
01:08:46,360 --> 01:08:49,120
Speaker 7: saying before, Bank of America is a good place. Who

1582
01:08:49,200 --> 01:08:50,200
Speaker 7: do you bank with right now?

1583
01:08:50,800 --> 01:08:51,240
Speaker 4: For business?

1584
01:08:51,240 --> 01:08:53,920
Speaker 5: I'm actually with Chase Chase my bank right now.

1585
01:08:54,080 --> 01:08:57,200
Speaker 4: Chase Chase does have some products that you can apply for.

1586
01:08:57,640 --> 01:08:59,360
Speaker 7: They do, like you know, asks for a little bit

1587
01:08:59,400 --> 01:09:03,400
Speaker 7: more information, but just you might just have to get

1588
01:09:03,800 --> 01:09:05,599
Speaker 7: a few more credit cards too, because at the end

1589
01:09:05,600 --> 01:09:07,000
Speaker 7: of the day, what are you looking to do with

1590
01:09:07,160 --> 01:09:08,840
Speaker 7: that line of credit and that cash. Are you looking

1591
01:09:08,880 --> 01:09:11,200
Speaker 7: to invest it to buy more things? Or you're just

1592
01:09:11,280 --> 01:09:12,519
Speaker 7: looking to have it as a backup?

1593
01:09:13,680 --> 01:09:16,559
Speaker 14: No, like I'm looking to actually invested, Like I want

1594
01:09:16,600 --> 01:09:18,960
Speaker 14: to buy, you know, some real estate and get into

1595
01:09:19,000 --> 01:09:20,120
Speaker 14: some other business ventures.

1596
01:09:20,560 --> 01:09:21,559
Speaker 5: Okay, business credit?

1597
01:09:22,080 --> 01:09:24,360
Speaker 7: Yeah, So I mean if you your credit sounds like

1598
01:09:24,439 --> 01:09:26,240
Speaker 7: it's good because you know, you have a Chase and

1599
01:09:26,320 --> 01:09:28,720
Speaker 7: you have some Madax, I will say, you know, log

1600
01:09:28,800 --> 01:09:30,600
Speaker 7: into your American Express account.

1601
01:09:30,320 --> 01:09:33,280
Speaker 4: Number one and try to get at least six to eight.

1602
01:09:33,360 --> 01:09:36,080
Speaker 7: American Express cards right on the business side, because you know,

1603
01:09:36,160 --> 01:09:38,639
Speaker 7: when was the last time you got an American Express card?

1604
01:09:40,560 --> 01:09:42,320
Speaker 5: Man, I would say about three years ago.

1605
01:09:42,720 --> 01:09:44,639
Speaker 7: Oh yeah, man, so you should you should log into

1606
01:09:44,640 --> 01:09:48,599
Speaker 7: your AmericanExpress dot com right and apply for more business

1607
01:09:48,640 --> 01:09:50,640
Speaker 7: credit cards. They won't run your credit since you have

1608
01:09:50,720 --> 01:09:54,160
Speaker 7: a relationship with them, right and and now that will

1609
01:09:54,240 --> 01:09:56,639
Speaker 7: give you access to more credit. When was the last

1610
01:09:56,640 --> 01:09:58,560
Speaker 7: time you got a Chase credit card the one that

1611
01:09:58,680 --> 01:09:58,880
Speaker 7: you have?

1612
01:10:00,080 --> 01:10:02,240
Speaker 14: Oh well I got that when I opened up the account,

1613
01:10:02,360 --> 01:10:04,400
Speaker 14: and that was about maybe eight years ago.

1614
01:10:05,120 --> 01:10:07,000
Speaker 4: So and that's a chase In card.

1615
01:10:07,880 --> 01:10:08,840
Speaker 5: That's the Chase In card.

1616
01:10:08,920 --> 01:10:12,439
Speaker 7: Right, well, then get another Chase In card since it's

1617
01:10:12,479 --> 01:10:14,519
Speaker 7: been that long since you got it. So now you

1618
01:10:14,600 --> 01:10:16,880
Speaker 7: got Chase Ink, you got you can get up to

1619
01:10:16,960 --> 01:10:19,559
Speaker 7: six American Express credit cards with no injury.

1620
01:10:19,800 --> 01:10:22,400
Speaker 4: You got Cabbage, you got Blue Vine, you got.

1621
01:10:22,320 --> 01:10:24,200
Speaker 7: Fun Box, And I think, man, I think that'll be

1622
01:10:24,320 --> 01:10:26,880
Speaker 7: enough to get you started where it's actually giving you cash.

1623
01:10:27,160 --> 01:10:28,519
Speaker 4: And that's just the credit right away.

1624
01:10:29,760 --> 01:10:33,040
Speaker 5: Perfect, perfect, all right, I appreciate it. Thank you guys.

1625
01:10:33,120 --> 01:10:34,439
Speaker 6: That man appreciate you, Tony.

1626
01:10:35,120 --> 01:10:39,519
Speaker 5: All right, brother, Yeah, that's a lot.

1627
01:10:39,840 --> 01:10:44,400
Speaker 6: Let's see. Let's see. Uh, let's go to Morgan. We're

1628
01:10:44,400 --> 01:10:46,519
Speaker 6: going to Morgan. What's going on? Morgan? I meet yourself.

1629
01:10:46,520 --> 01:10:49,760
Speaker 6: You've been unmuted, that was going tell us?

1630
01:10:49,800 --> 01:10:50,160
Speaker 3: How you do?

1631
01:10:50,600 --> 01:10:51,360
Speaker 6: I think good? Are you.

1632
01:10:52,160 --> 01:10:55,599
Speaker 15: I'm all right, just for the credit dude. So I've

1633
01:10:55,640 --> 01:10:58,439
Speaker 15: seen the class that you did about the American Express

1634
01:10:58,520 --> 01:11:00,639
Speaker 15: cards and I actually did it. I got I think

1635
01:11:01,120 --> 01:11:05,599
Speaker 15: I got four cars that night. My question is those

1636
01:11:05,680 --> 01:11:08,720
Speaker 15: cars that I got and I also have already did

1637
01:11:08,800 --> 01:11:12,519
Speaker 15: the Bank of America and I got a car in

1638
01:11:12,640 --> 01:11:15,120
Speaker 15: Bank of America in my business name. But none of

1639
01:11:15,200 --> 01:11:17,560
Speaker 15: this is reporting on my NAV credit report. Like I

1640
01:11:17,600 --> 01:11:19,280
Speaker 15: got the app, I downloaded the app, I'm paying for

1641
01:11:19,360 --> 01:11:21,920
Speaker 15: the service and everything, but none of it has posted.

1642
01:11:21,960 --> 01:11:25,679
Speaker 15: And I've had the car and the Bank of America

1643
01:11:25,760 --> 01:11:28,519
Speaker 15: card for over a year. The credit cards to American

1644
01:11:28,560 --> 01:11:30,800
Speaker 15: Express I've only had for probably like three or four months.

1645
01:11:30,920 --> 01:11:32,719
Speaker 15: But I'm just trying to figure out how to close

1646
01:11:32,800 --> 01:11:35,000
Speaker 15: that gap. Like I was trying to walk through all

1647
01:11:35,000 --> 01:11:37,160
Speaker 15: of the things that you said and crossing all of

1648
01:11:37,160 --> 01:11:39,559
Speaker 15: my tea's out my eyes, but it's something that I'm missing.

1649
01:11:40,600 --> 01:11:43,840
Speaker 7: Okay, So one, congrats with getting those credit cards and

1650
01:11:43,920 --> 01:11:47,679
Speaker 7: things like that. When it comes to those those credit

1651
01:11:47,760 --> 01:11:50,920
Speaker 7: cards the American Express, they won't really report to done

1652
01:11:50,960 --> 01:11:53,599
Speaker 7: in Bradstreet. Those are typically going to report to Experience

1653
01:11:54,160 --> 01:11:56,120
Speaker 7: your auto. You say you got the business all the

1654
01:11:56,200 --> 01:11:57,200
Speaker 7: loan already too.

1655
01:11:58,000 --> 01:11:59,559
Speaker 15: Yeah, I got that through Bank of America.

1656
01:11:59,800 --> 01:12:02,720
Speaker 7: Okay, that one should that one should be reporting to

1657
01:12:02,880 --> 01:12:05,840
Speaker 7: dun In Bradstreet and Experience. Now, usually what I tell

1658
01:12:05,920 --> 01:12:09,599
Speaker 7: people is this, when it comes to your business credit,

1659
01:12:09,720 --> 01:12:12,200
Speaker 7: what you want to make sure you have. You want

1660
01:12:12,240 --> 01:12:15,400
Speaker 7: to make sure that your state has the right information

1661
01:12:15,640 --> 01:12:18,120
Speaker 7: for the address, the E I N with the with

1662
01:12:18,240 --> 01:12:21,439
Speaker 7: the I R s your bank account, and then with

1663
01:12:21,640 --> 01:12:24,960
Speaker 7: all the credit cards, the done in Bradstreet Experience business

1664
01:12:25,360 --> 01:12:26,840
Speaker 7: and then also your all a loan.

1665
01:12:26,960 --> 01:12:28,880
Speaker 4: You want to make sure everything.

1666
01:12:28,520 --> 01:12:32,320
Speaker 7: Has the right address right because if they're if you

1667
01:12:32,360 --> 01:12:35,240
Speaker 7: don't really have a profile with dun In Bradstreet or

1668
01:12:35,320 --> 01:12:38,040
Speaker 7: any of the business credit burea set up with the

1669
01:12:38,240 --> 01:12:40,840
Speaker 7: current business address and it's an old one a lot

1670
01:12:40,880 --> 01:12:41,559
Speaker 7: of the times it.

1671
01:12:41,600 --> 01:12:43,160
Speaker 4: Won't catch you know what I mean.

1672
01:12:43,280 --> 01:12:46,000
Speaker 7: So what you want to do is just revisit all

1673
01:12:46,080 --> 01:12:48,559
Speaker 7: of the accounts that you have on the business make

1674
01:12:48,640 --> 01:12:51,840
Speaker 7: sure they all have the current address, especially it should

1675
01:12:51,880 --> 01:12:55,000
Speaker 7: be a business address if you don't have a virtual office,

1676
01:12:55,040 --> 01:12:58,439
Speaker 7: whoever the case is, and then just contact each of

1677
01:12:58,479 --> 01:13:01,559
Speaker 7: those credit cards and all alone and everything and say, hey, listen,

1678
01:13:01,880 --> 01:13:03,920
Speaker 7: you know I've had this account for X amount of time,

1679
01:13:04,080 --> 01:13:05,040
Speaker 7: and it's not reporting.

1680
01:13:05,400 --> 01:13:07,360
Speaker 4: But what you also want to do is you also

1681
01:13:07,400 --> 01:13:08,320
Speaker 4: want to make sure that you're.

1682
01:13:08,240 --> 01:13:10,880
Speaker 7: Still building the net thirties, the gas cards, you know,

1683
01:13:11,000 --> 01:13:13,920
Speaker 7: the Staples, the Amazon things like that, because a lot

1684
01:13:14,000 --> 01:13:15,840
Speaker 7: of the times, even if you have if you don't

1685
01:13:15,840 --> 01:13:18,360
Speaker 7: have enough accounts, a lot of the times it also

1686
01:13:18,479 --> 01:13:20,880
Speaker 7: won't report your credit score on the business side either.

1687
01:13:21,280 --> 01:13:23,880
Speaker 7: So start pumping up your business credit with more than

1688
01:13:24,000 --> 01:13:26,840
Speaker 7: with just with more than just those accounts, and see

1689
01:13:26,880 --> 01:13:28,960
Speaker 7: what difference it makes in sixty to ninety days.

1690
01:13:29,680 --> 01:13:33,000
Speaker 15: Okay, I haven't. I haven't done the net thirty somebody

1691
01:13:33,120 --> 01:13:34,840
Speaker 15: just told me to do that as well. But so

1692
01:13:35,000 --> 01:13:37,080
Speaker 15: that that I haven't did the rest of it, I've done.

1693
01:13:37,360 --> 01:13:38,800
Speaker 15: But okay, thank you, no.

1694
01:13:38,880 --> 01:13:41,479
Speaker 6: Problem, man, appreciate you Morgan, Yes, all right.

1695
01:13:43,000 --> 01:13:46,479
Speaker 2: And if anybody's asking Eyo University, that's the Zoom people

1696
01:13:46,520 --> 01:13:48,720
Speaker 2: that have access to the Zoom, same people that like

1697
01:13:48,800 --> 01:13:50,519
Speaker 2: that's how you see on market Mondays too, that's the

1698
01:13:50,560 --> 01:13:51,960
Speaker 2: people that have the Zoom access.

1699
01:13:52,320 --> 01:13:54,920
Speaker 6: Let's go toinally what's going on? I'm you yourself, You've

1700
01:13:54,920 --> 01:13:55,800
Speaker 6: been unmuted. What's up?

1701
01:13:58,040 --> 01:13:58,280
Speaker 15: Hey?

1702
01:13:59,600 --> 01:14:00,200
Speaker 3: I was going going on?

1703
01:14:00,320 --> 01:14:02,920
Speaker 6: I appreciate everybody doing. It's so punctual with the call.

1704
01:14:02,840 --> 01:14:08,000
Speaker 16: On appreciate no fridge berries, no fridge breaking. I have

1705
01:14:08,160 --> 01:14:13,680
Speaker 16: two questions. Hell say, I have a question about an

1706
01:14:13,880 --> 01:14:16,840
Speaker 16: LLC that I have Right I opened it up, it's

1707
01:14:16,880 --> 01:14:19,840
Speaker 16: almost a year old. I haven't used it for its

1708
01:14:19,920 --> 01:14:23,840
Speaker 16: intended purpose, and so I have some other business opportunities

1709
01:14:24,160 --> 01:14:28,320
Speaker 16: and I want to keep the age of my LLC

1710
01:14:29,040 --> 01:14:31,880
Speaker 16: as well as my credit card that I opened up

1711
01:14:31,960 --> 01:14:33,760
Speaker 16: in the LLC even though I haven't done anything with

1712
01:14:33,880 --> 01:14:37,320
Speaker 16: it yet. So how do I preserve the age of

1713
01:14:37,400 --> 01:14:41,080
Speaker 16: the LLC as well as preserve the card that I have, Like,

1714
01:14:41,160 --> 01:14:43,599
Speaker 16: because I'm coming up also on my renewal, Like can

1715
01:14:43,640 --> 01:14:47,000
Speaker 16: I just change like the name and like update the

1716
01:14:47,080 --> 01:14:47,880
Speaker 16: info and keep it?

1717
01:14:48,160 --> 01:14:48,880
Speaker 6: Like how do I do that?

1718
01:14:50,000 --> 01:14:50,240
Speaker 10: Yep?

1719
01:14:51,160 --> 01:14:53,479
Speaker 4: So what you want to do is you do want

1720
01:14:53,520 --> 01:14:57,200
Speaker 4: to get with an attorney with that, just to make

1721
01:14:57,280 --> 01:14:57,680
Speaker 4: sure that.

1722
01:14:59,360 --> 01:15:00,960
Speaker 7: You're able to do because it depends like if you

1723
01:15:01,040 --> 01:15:03,160
Speaker 7: if you have like a pizzeria and you're trying to

1724
01:15:03,200 --> 01:15:06,040
Speaker 7: do a consulting business, you might not be able to

1725
01:15:06,160 --> 01:15:09,439
Speaker 7: change the name of it and do the same thing,

1726
01:15:09,520 --> 01:15:11,680
Speaker 7: you know what I mean. So what I would say

1727
01:15:11,720 --> 01:15:13,360
Speaker 7: with that, one hundred percent of the time, get with

1728
01:15:13,479 --> 01:15:16,840
Speaker 7: an attorney that you know, or LegalZoom dot com, whatever

1729
01:15:16,880 --> 01:15:19,439
Speaker 7: the case is, and just make sure that when you're

1730
01:15:19,520 --> 01:15:23,360
Speaker 7: changing the name and changing the actual business of what

1731
01:15:23,479 --> 01:15:25,560
Speaker 7: you're going to be doing, that you're able to do

1732
01:15:25,680 --> 01:15:26,960
Speaker 7: it and that you're not going to get like in

1733
01:15:27,040 --> 01:15:29,800
Speaker 7: any type of like you know, if there's a business license,

1734
01:15:29,800 --> 01:15:31,519
Speaker 7: you got to get over the case is. And that's

1735
01:15:31,560 --> 01:15:33,240
Speaker 7: one of the reasons why I always tell people kind

1736
01:15:33,240 --> 01:15:35,640
Speaker 7: of have like a blanket LLC name, like you know,

1737
01:15:36,080 --> 01:15:40,880
Speaker 7: Rodriguez Management LLC, and you can typically do several things

1738
01:15:41,240 --> 01:15:43,360
Speaker 7: under that LLC and not really have to change the name.

1739
01:15:43,400 --> 01:15:45,240
Speaker 7: But it's like if you name your business, you know,

1740
01:15:45,400 --> 01:15:49,559
Speaker 7: Rodriguez Painting, but you want to do landscaping, that's kind

1741
01:15:49,600 --> 01:15:51,200
Speaker 7: of like where if you would have just named it

1742
01:15:51,320 --> 01:15:56,719
Speaker 7: Rodriguez LLC Rodriguez Management LLC and then DBA Rodriguez Painting,

1743
01:15:56,880 --> 01:16:00,280
Speaker 7: Rodriguez Landscaping, Rodriguez whatever, you're still able to kind of

1744
01:16:00,320 --> 01:16:02,439
Speaker 7: do things under the same umbrella. But like I always

1745
01:16:02,439 --> 01:16:04,920
Speaker 7: tell people, get with an attorney because you know, every

1746
01:16:05,000 --> 01:16:06,000
Speaker 7: state varies.

1747
01:16:05,720 --> 01:16:07,320
Speaker 4: And you just never want to get hung up. And

1748
01:16:07,360 --> 01:16:08,080
Speaker 4: even if you got to.

1749
01:16:08,080 --> 01:16:11,600
Speaker 7: Lose the age of the account of the LLC, you

1750
01:16:12,000 --> 01:16:13,680
Speaker 7: might have to you know what I mean to to

1751
01:16:13,920 --> 01:16:16,439
Speaker 7: make sure that you're you're doing everything by the books,

1752
01:16:16,520 --> 01:16:19,000
Speaker 7: legit and within the law that the state that you

1753
01:16:19,080 --> 01:16:19,280
Speaker 7: live in.

1754
01:16:20,160 --> 01:16:22,920
Speaker 16: Yeah, I was worried about the next code. I thought

1755
01:16:22,960 --> 01:16:24,559
Speaker 16: if I just changed the next code in the name,

1756
01:16:24,600 --> 01:16:26,439
Speaker 16: I could do it. But I'll researched that some more.

1757
01:16:26,600 --> 01:16:27,240
Speaker 5: I appreciate that.

1758
01:16:27,640 --> 01:16:30,680
Speaker 16: My other question is, so for the credit cards that

1759
01:16:30,760 --> 01:16:35,360
Speaker 16: we apply for, right, I used your chips as well

1760
01:16:35,760 --> 01:16:37,600
Speaker 16: on one of our calls and I was able to

1761
01:16:37,640 --> 01:16:39,360
Speaker 16: get a couple of AMEX cards and I got my

1762
01:16:39,479 --> 01:16:42,880
Speaker 16: Chase in cars, So that worked the beautifully, right. But

1763
01:16:43,120 --> 01:16:47,800
Speaker 16: my question is if I'm the personal guaranteur right on

1764
01:16:48,720 --> 01:16:51,479
Speaker 16: these business accounts and it's not like true business credit

1765
01:16:51,520 --> 01:16:53,400
Speaker 16: because it's not in the night Yan, Right, they ran

1766
01:16:53,479 --> 01:16:56,120
Speaker 16: my social and it's in my business name, but I'm

1767
01:16:56,160 --> 01:16:56,519
Speaker 16: the PG.

1768
01:16:57,439 --> 01:16:59,320
Speaker 10: So do the same.

1769
01:17:00,640 --> 01:17:05,400
Speaker 16: Apply on these cards as your personal credit as far

1770
01:17:05,439 --> 01:17:08,720
Speaker 16: as like if you max out the card on your

1771
01:17:08,760 --> 01:17:12,200
Speaker 16: personal credit cards, it would harm you because the utilization

1772
01:17:13,160 --> 01:17:16,560
Speaker 16: works against you. So is it the same if you

1773
01:17:16,680 --> 01:17:20,240
Speaker 16: apply for a credit card in your business name and

1774
01:17:20,360 --> 01:17:23,000
Speaker 16: you're the personal guaranteur? Is it those same rule or

1775
01:17:23,120 --> 01:17:26,120
Speaker 16: is it the business rules where utilization doesn't matter.

1776
01:17:27,080 --> 01:17:29,840
Speaker 4: So that's it's a very question.

1777
01:17:32,200 --> 01:17:33,240
Speaker 6: It's gonna meets you real quick.

1778
01:17:33,280 --> 01:17:38,000
Speaker 7: Now, yeah, that's a very it's it really does depend

1779
01:17:38,120 --> 01:17:43,439
Speaker 7: because you know your your business credit utilization doesn't matter

1780
01:17:43,600 --> 01:17:45,840
Speaker 7: as much as your utilization and.

1781
01:17:45,840 --> 01:17:50,960
Speaker 4: The personal side. But if you have all of your business.

1782
01:17:50,720 --> 01:17:53,599
Speaker 7: Credit cards maxed out and you're not paying your net

1783
01:17:53,680 --> 01:17:56,880
Speaker 7: thirties on time, that is going to eventually hurt you.

1784
01:17:57,040 --> 01:17:59,160
Speaker 7: But if you have two or three, like you know,

1785
01:17:59,280 --> 01:18:01,280
Speaker 7: I have met I have maxed out credit cards on

1786
01:18:01,360 --> 01:18:04,240
Speaker 7: the business side, that's and I hide the debt and

1787
01:18:04,360 --> 01:18:05,760
Speaker 7: it's not going to hurt you as much when you

1788
01:18:05,800 --> 01:18:08,280
Speaker 7: apply for more credit cards as long as your personal

1789
01:18:08,400 --> 01:18:10,720
Speaker 7: debt isn't maxed out if you're using that as a

1790
01:18:10,760 --> 01:18:13,640
Speaker 7: personal guarantee. So remember if you're always if you're going

1791
01:18:13,680 --> 01:18:16,640
Speaker 7: to be using your personal credit as a guaranteur for

1792
01:18:16,840 --> 01:18:20,479
Speaker 7: business credit, typically your personal credit is going to have

1793
01:18:22,080 --> 01:18:25,040
Speaker 7: a bigger factor on your approval than anything on the

1794
01:18:25,120 --> 01:18:26,960
Speaker 7: business side. So even if you don't have the income

1795
01:18:27,080 --> 01:18:29,960
Speaker 7: the business credits for the age, whatever the case is,

1796
01:18:30,200 --> 01:18:32,880
Speaker 7: as long as your personal credits on point, that will

1797
01:18:32,920 --> 01:18:35,080
Speaker 7: typically be good. But if you do max out the

1798
01:18:35,160 --> 01:18:38,120
Speaker 7: business side as well. It typically is not going to

1799
01:18:38,200 --> 01:18:40,120
Speaker 7: hurt you as much as if you had maxed out

1800
01:18:40,120 --> 01:18:42,679
Speaker 7: credit cards on the personal side of that ants question.

1801
01:18:48,760 --> 01:18:52,240
Speaker 6: Okay, Natalie, Hopefully that did. Hopefully that did real quick.

1802
01:18:52,280 --> 01:18:53,479
Speaker 8: We got one in the chat. Shout to all the

1803
01:18:53,520 --> 01:18:55,000
Speaker 8: earners that's in the chat. We see a lot of hands.

1804
01:18:55,000 --> 01:18:56,720
Speaker 8: We don't try to get as many as possible. It

1805
01:18:56,880 --> 01:19:01,280
Speaker 8: was somebody's rg's having a mic issue said, my husband

1806
01:19:01,320 --> 01:19:04,600
Speaker 8: bought a car last month under a personal credit but

1807
01:19:04,800 --> 01:19:06,760
Speaker 8: he wants to transfer ownership in.

1808
01:19:06,800 --> 01:19:10,320
Speaker 6: His LLC as his EI in number. How can we

1809
01:19:10,479 --> 01:19:14,320
Speaker 6: do this by transferring over? Can you do it?

1810
01:19:14,439 --> 01:19:14,840
Speaker 3: Is a question.

1811
01:19:15,320 --> 01:19:20,960
Speaker 6: I'm assuming I think you got muted.

1812
01:19:22,400 --> 01:19:22,920
Speaker 3: My bad guys.

1813
01:19:22,960 --> 01:19:24,840
Speaker 4: You guys mind if I share my stream right quick

1814
01:19:24,880 --> 01:19:26,040
Speaker 4: and show you guys how to do that? Or do

1815
01:19:26,040 --> 01:19:26,360
Speaker 4: you guys?

1816
01:19:26,560 --> 01:19:29,840
Speaker 6: Yeah? Yeah, I'll come free good Okay, So what you.

1817
01:19:29,880 --> 01:19:32,040
Speaker 4: Guys are gonna do, I will drop. All you gotta

1818
01:19:32,120 --> 01:19:32,679
Speaker 4: do is search.

1819
01:19:32,840 --> 01:19:42,679
Speaker 7: Business is Bank of America, Bank of America Business Auto loan. Okay,

1820
01:19:42,960 --> 01:19:45,120
Speaker 7: so let me go ahead and share my screen.

1821
01:19:48,200 --> 01:19:48,599
Speaker 3: Business.

1822
01:19:48,880 --> 01:19:49,160
Speaker 4: Allo.

1823
01:19:49,600 --> 01:19:51,680
Speaker 7: All you gotta do is business, I mean Bank of

1824
01:19:51,760 --> 01:19:56,040
Speaker 7: America Business all the loan right, This link is gonna

1825
01:19:56,080 --> 01:19:57,800
Speaker 7: come up. I will put it in the chat section

1826
01:19:58,000 --> 01:20:02,640
Speaker 7: for everybody that's here, okay, and if anybody wants to

1827
01:20:02,720 --> 01:20:06,360
Speaker 7: drop that on the YouTube channel as well. But when

1828
01:20:06,400 --> 01:20:09,120
Speaker 7: you go here, right, all you gotta do. If it's

1829
01:20:09,120 --> 01:20:11,680
Speaker 7: in the personal name, all you're gonna do.

1830
01:20:12,160 --> 01:20:12,439
Speaker 3: Apply.

1831
01:20:12,600 --> 01:20:18,720
Speaker 4: Now, it's a refinance. Put the loan is this? Is

1832
01:20:18,800 --> 01:20:20,120
Speaker 4: it a Bank of America or the loan?

1833
01:20:20,160 --> 01:20:21,640
Speaker 7: If it is, it is. If it's not, putting no,

1834
01:20:22,040 --> 01:20:26,519
Speaker 7: put the amount fifty thousand dollars, the loan term seventy

1835
01:20:26,520 --> 01:20:28,800
Speaker 7: two months, sixty months, whatever the case is. Do you

1836
01:20:28,880 --> 01:20:31,400
Speaker 7: have an online account? No, I like to continue without

1837
01:20:31,439 --> 01:20:34,000
Speaker 7: logging in. Put the ven number, look up the vehicle,

1838
01:20:34,120 --> 01:20:37,240
Speaker 7: follow the directions and boom, and you can typically refinance

1839
01:20:37,520 --> 01:20:40,680
Speaker 7: the car that's on your personal credit and put it

1840
01:20:40,760 --> 01:20:44,360
Speaker 7: into your LLC, even if your LLC is new. Bank

1841
01:20:44,439 --> 01:20:47,960
Speaker 7: of America will typically allow up to four auto loans

1842
01:20:48,160 --> 01:20:48,880
Speaker 7: per LLC.

1843
01:20:49,160 --> 01:20:52,599
Speaker 4: So what does that mean? They will run your experience credit?

1844
01:20:52,840 --> 01:20:52,960
Speaker 9: Right?

1845
01:20:53,280 --> 01:20:53,960
Speaker 3: But check it out?

1846
01:20:54,080 --> 01:20:55,880
Speaker 7: You will you you were going to run your credit

1847
01:20:55,920 --> 01:20:58,439
Speaker 7: anyway on the personal side to refinance it to get

1848
01:20:58,479 --> 01:21:00,360
Speaker 7: a lower payment. So now imagine and if you have

1849
01:21:00,800 --> 01:21:03,320
Speaker 7: you guys just said you guys have Uyo University, and

1850
01:21:03,400 --> 01:21:04,240
Speaker 7: then your leisure right.

1851
01:21:04,439 --> 01:21:06,920
Speaker 4: That's eight. That's eight all the loans that you can

1852
01:21:06,960 --> 01:21:07,840
Speaker 4: get with Bad America.

1853
01:21:08,600 --> 01:21:09,760
Speaker 6: That is a bar.

1854
01:21:10,280 --> 01:21:12,600
Speaker 8: I just I just went through this process too, and

1855
01:21:12,920 --> 01:21:14,679
Speaker 8: they were trying to tell me. I won't say the dealership,

1856
01:21:14,680 --> 01:21:16,000
Speaker 8: but they were saying that I couldn't do that. I

1857
01:21:16,040 --> 01:21:18,920
Speaker 8: had to get it in my business name off the

1858
01:21:19,160 --> 01:21:21,160
Speaker 8: like once I did it. So that's a big bar.

1859
01:21:21,320 --> 01:21:22,920
Speaker 8: And in addition to that, and I know you said

1860
01:21:22,960 --> 01:21:25,400
Speaker 8: it earlier, one of those things is obviously you're going

1861
01:21:25,439 --> 01:21:27,360
Speaker 8: to be a personal guaranteur because your business is so new,

1862
01:21:27,400 --> 01:21:30,200
Speaker 8: if it's so new, but making sure that you make

1863
01:21:30,240 --> 01:21:33,519
Speaker 8: your payments in your LLC's name, because, like you said,

1864
01:21:33,560 --> 01:21:35,960
Speaker 8: when you're trying to get a home, that debt to

1865
01:21:36,040 --> 01:21:38,400
Speaker 8: income ratio, you need to prove that, hey, they're going

1866
01:21:38,479 --> 01:21:39,960
Speaker 8: to look at that loan, that loan amount, they're going

1867
01:21:40,000 --> 01:21:42,000
Speaker 8: to count towards your debt to income if you can

1868
01:21:42,080 --> 01:21:44,320
Speaker 8: prove that your business is paying for it. Like you

1869
01:21:44,360 --> 01:21:46,200
Speaker 8: said it earlier, I just want to reiterate it. It

1870
01:21:46,240 --> 01:21:48,800
Speaker 8: wipes it away. It doesn't count towards your debt to income.

1871
01:21:48,880 --> 01:21:50,200
Speaker 8: So make sure that when you get it in the

1872
01:21:50,360 --> 01:21:54,360
Speaker 8: LLC's name. Make sure that payments consistently are coming from

1873
01:21:54,360 --> 01:21:56,080
Speaker 8: the LLC, and then when it's time that if you're

1874
01:21:56,360 --> 01:21:58,040
Speaker 8: trying to get a home and get a mortgage, you

1875
01:21:58,120 --> 01:22:00,280
Speaker 8: can show those payments and have that payment here to

1876
01:22:00,360 --> 01:22:02,360
Speaker 8: prove that it's not really a part of your death income,

1877
01:22:02,439 --> 01:22:03,439
Speaker 8: your personal death income.

1878
01:22:03,920 --> 01:22:04,440
Speaker 3: Absolutely.

1879
01:22:04,880 --> 01:22:08,439
Speaker 6: Yeah, yeah, yeah, all right, let's go to Franklin.

1880
01:22:08,880 --> 01:22:09,360
Speaker 3: We coming to you.

1881
01:22:09,439 --> 01:22:11,519
Speaker 6: Franklin. What's going on? I mute yourself, you've been unmuted?

1882
01:22:11,560 --> 01:22:12,120
Speaker 6: What's up?

1883
01:22:14,200 --> 01:22:18,120
Speaker 9: Hey, how you guys doing. Appreciate everything on the culture

1884
01:22:18,120 --> 01:22:21,360
Speaker 9: and Jose fellow service member as well, So appreciate all

1885
01:22:21,400 --> 01:22:23,599
Speaker 9: the game giving out. I got a question as far

1886
01:22:23,640 --> 01:22:27,320
Speaker 9: as like trying to begin the process for getting business credit. So,

1887
01:22:27,560 --> 01:22:30,360
Speaker 9: like I said, I'm in the military, excellent credit score.

1888
01:22:30,439 --> 01:22:33,120
Speaker 9: I checked my AMEX cards to see I'm a spending

1889
01:22:33,120 --> 01:22:35,720
Speaker 9: part head and it was over six figures. I know

1890
01:22:35,800 --> 01:22:41,040
Speaker 9: you mentioned that, like with all the financial literacy education

1891
01:22:41,120 --> 01:22:43,439
Speaker 9: that we're doing and stuff, that is something you could

1892
01:22:43,439 --> 01:22:46,120
Speaker 9: potentially start an LLC for people in the conferences spending

1893
01:22:46,160 --> 01:22:49,320
Speaker 9: money that way. Can you elaborate that, collaborate that a

1894
01:22:49,320 --> 01:22:49,640
Speaker 9: little bit?

1895
01:22:50,360 --> 01:22:50,559
Speaker 6: Yep.

1896
01:22:50,720 --> 01:22:53,679
Speaker 7: So the one of the biggest things that people fall

1897
01:22:53,800 --> 01:22:58,320
Speaker 7: into debt with. And you notice it with people student loans, right,

1898
01:22:58,560 --> 01:23:02,320
Speaker 7: what are they doing. They're they're going into debt because

1899
01:23:02,439 --> 01:23:07,120
Speaker 7: they are spending money on education to ultimately either get

1900
01:23:07,160 --> 01:23:09,720
Speaker 7: them a job or start a business and things like that.

1901
01:23:09,920 --> 01:23:12,040
Speaker 4: Right, Well, you could kind of do that with an.

1902
01:23:12,160 --> 01:23:14,160
Speaker 7: LLC too, And that's why always say check with your account,

1903
01:23:14,320 --> 01:23:16,439
Speaker 7: check with an attorney, right just to make sure that

1904
01:23:16,479 --> 01:23:18,680
Speaker 7: you guys are doing everything in the legal parameters. The

1905
01:23:18,760 --> 01:23:22,160
Speaker 7: thing is, if I own a business right now, if

1906
01:23:22,200 --> 01:23:24,240
Speaker 7: I have a business credit card, and if I'm going

1907
01:23:24,360 --> 01:23:26,639
Speaker 7: to earn your leisure's event and I put the air fare,

1908
01:23:27,439 --> 01:23:31,240
Speaker 7: the hotel uber the actual price of the ticket, I

1909
01:23:31,320 --> 01:23:34,200
Speaker 7: can put that on an LLC on my business credit

1910
01:23:34,280 --> 01:23:36,000
Speaker 7: card and then it becomes a write off.

1911
01:23:36,120 --> 01:23:37,439
Speaker 4: Right now, Here's the thing.

1912
01:23:38,040 --> 01:23:40,880
Speaker 7: A lot of people that don't have a business are like, oh,

1913
01:23:40,960 --> 01:23:43,519
Speaker 7: I can't really start a business yet because I'm going

1914
01:23:43,600 --> 01:23:45,400
Speaker 7: to go to this event first and see if that's

1915
01:23:45,479 --> 01:23:46,000
Speaker 7: even worth it.

1916
01:23:46,120 --> 01:23:47,320
Speaker 4: Right, Well, why not do that now?

1917
01:23:47,479 --> 01:23:49,800
Speaker 7: And the thing is that's where your umbrella LLC comes in,

1918
01:23:50,160 --> 01:23:54,240
Speaker 7: you know Solano Management LLC. Right, And you can put consulting,

1919
01:23:54,360 --> 01:23:56,880
Speaker 7: you can put you know, marketing, you know whatever.

1920
01:23:56,880 --> 01:23:57,719
Speaker 4: And that's why always say.

1921
01:23:57,720 --> 01:23:59,479
Speaker 7: Check within accountant and an attorney to make sure you

1922
01:23:59,520 --> 01:24:01,599
Speaker 7: guys are doing it right. The thing is is now

1923
01:24:02,080 --> 01:24:05,280
Speaker 7: anytime you travel, anytime you go to an event, networking event,

1924
01:24:05,360 --> 01:24:07,840
Speaker 7: whatever the case is, that becomes a write off because

1925
01:24:07,880 --> 01:24:11,400
Speaker 7: you're trying to educate yourself into becoming an entrepreneurship. But

1926
01:24:11,479 --> 01:24:12,920
Speaker 7: a lot of people think that you have to actually

1927
01:24:12,960 --> 01:24:15,400
Speaker 7: have that perfect LLC set up before you can do that.

1928
01:24:15,560 --> 01:24:17,600
Speaker 7: And just think backwards a little bit, as if like

1929
01:24:17,840 --> 01:24:20,719
Speaker 7: when people go to school and they get school loans

1930
01:24:20,920 --> 01:24:23,160
Speaker 7: to get the education, think of it the same way.

1931
01:24:23,200 --> 01:24:25,320
Speaker 7: You're opening up an LLC to put everything into the

1932
01:24:25,360 --> 01:24:28,040
Speaker 7: business credit to eventually learn how to do business, to

1933
01:24:28,120 --> 01:24:30,520
Speaker 7: learn how to do you know, quick books and bookkeeping

1934
01:24:30,640 --> 01:24:32,599
Speaker 7: and you know all that good stuff that an LLC

1935
01:24:32,760 --> 01:24:35,320
Speaker 7: and a business does. And that's how it could become

1936
01:24:35,360 --> 01:24:37,280
Speaker 7: a true write off because you can write off mileage,

1937
01:24:37,320 --> 01:24:40,840
Speaker 7: you can write off airfare, you know, gas, education and

1938
01:24:40,960 --> 01:24:41,600
Speaker 7: things like that, and.

1939
01:24:41,600 --> 01:24:43,479
Speaker 4: Next thing you know, your business might not be making

1940
01:24:43,520 --> 01:24:44,240
Speaker 4: money right now.

1941
01:24:44,640 --> 01:24:46,880
Speaker 7: But guess what, when you have that great business idea

1942
01:24:46,960 --> 01:24:49,479
Speaker 7: and it does kick off, you have all the business credit,

1943
01:24:49,520 --> 01:24:51,800
Speaker 7: you have the education, you have everything already set up,

1944
01:24:52,000 --> 01:24:52,559
Speaker 7: so you're ahead.

1945
01:24:52,680 --> 01:24:54,200
Speaker 4: You're ahead of the game a lot.

1946
01:24:57,160 --> 01:24:59,639
Speaker 9: No, that's perfect. I appreciate that you answer my question.

1947
01:24:59,720 --> 01:25:04,880
Speaker 8: Thank you, appreciate you frankly. All right, let's let's go.

1948
01:25:05,040 --> 01:25:07,280
Speaker 8: Let's let's do this. Let's go to dd. We coming

1949
01:25:07,280 --> 01:25:09,080
Speaker 8: to you, Didy. What's going on on?

1950
01:25:09,200 --> 01:25:10,320
Speaker 6: Mute yourself you've been unmuted.

1951
01:25:12,520 --> 01:25:15,400
Speaker 17: Hey, guys, good evening. I knew you were gonna call

1952
01:25:15,520 --> 01:25:17,280
Speaker 17: me as soon as I flipped over to my notes

1953
01:25:17,360 --> 01:25:18,160
Speaker 17: to take down notes.

1954
01:25:18,200 --> 01:25:20,840
Speaker 6: One whose was just saying, perfect time.

1955
01:25:22,080 --> 01:25:24,800
Speaker 17: It's a pleasure to be here. I'm excited at what

1956
01:25:24,920 --> 01:25:28,680
Speaker 17: you guys are doing. Is always very impressed, very appreciative.

1957
01:25:29,479 --> 01:25:31,600
Speaker 17: Like the other caller, you guys have really given me

1958
01:25:31,680 --> 01:25:35,759
Speaker 17: a community space. I was in nonprofits teaching financial literacy

1959
01:25:35,960 --> 01:25:37,760
Speaker 17: about ten years ago, and I felt like we were

1960
01:25:37,800 --> 01:25:40,519
Speaker 17: the only ones there. So it's relief to see you

1961
01:25:40,640 --> 01:25:44,880
Speaker 17: guys taking this charge and everyone's so excited. But I

1962
01:25:45,080 --> 01:25:49,240
Speaker 17: did want to ask about I know, with personal credit,

1963
01:25:49,280 --> 01:25:52,759
Speaker 17: when you submit applications within a certain timeframe, that counts

1964
01:25:52,760 --> 01:25:56,839
Speaker 17: as one inquiry? Is it the same with the business

1965
01:25:57,120 --> 01:25:58,439
Speaker 17: accounts in the loans?

1966
01:25:58,680 --> 01:25:58,720
Speaker 18: Like?

1967
01:25:58,960 --> 01:25:59,479
Speaker 10: Is it different?

1968
01:25:59,600 --> 01:26:04,040
Speaker 17: Like business credit applications are in one category and business

1969
01:26:04,160 --> 01:26:06,840
Speaker 17: loan applications or in another, or it doesn't matter, like

1970
01:26:06,920 --> 01:26:07,599
Speaker 17: how does that work?

1971
01:26:08,200 --> 01:26:09,000
Speaker 4: It's a great question.

1972
01:26:09,560 --> 01:26:11,320
Speaker 7: I love these type of questions because it gets my

1973
01:26:11,360 --> 01:26:13,519
Speaker 7: brain thinking right, and it gets your obviously your brain

1974
01:26:13,640 --> 01:26:17,679
Speaker 7: is working. So just so you guys know, right, any

1975
01:26:18,320 --> 01:26:24,439
Speaker 7: auto loan, personal loan, mortgage inquiry, right, anything that has

1976
01:26:24,760 --> 01:26:28,040
Speaker 7: the word loan on it, la n anything that has

1977
01:26:28,080 --> 01:26:31,599
Speaker 7: associated with the loan. If anything that's typically done within

1978
01:26:31,680 --> 01:26:35,439
Speaker 7: the same category within thirty days thirty to forty five

1979
01:26:35,520 --> 01:26:38,120
Speaker 7: days will typically be counted as one. So if you're

1980
01:26:38,200 --> 01:26:40,479
Speaker 7: going for several lines of credit, or if you're going

1981
01:26:40,560 --> 01:26:44,639
Speaker 7: for several business all the loan, bank account, business order loans,

1982
01:26:44,920 --> 01:26:46,799
Speaker 7: or if you're going for hard money with the lender,

1983
01:26:46,880 --> 01:26:52,200
Speaker 7: whatever the case is, typically anything within that same category, right,

1984
01:26:52,920 --> 01:26:55,720
Speaker 7: that auto loan or that business all a loan or

1985
01:26:55,760 --> 01:26:57,960
Speaker 7: that business you know, a line of credit loan, whatever

1986
01:26:57,960 --> 01:27:01,759
Speaker 7: the case is, Yes, it will typically count as one. Okay,

1987
01:27:02,040 --> 01:27:05,000
Speaker 7: if it's done within that period. Now, a business credit

1988
01:27:05,080 --> 01:27:06,640
Speaker 7: card is going to work the same way as a

1989
01:27:06,720 --> 01:27:09,599
Speaker 7: personal credit card. So if you're applying for Chase, which

1990
01:27:09,720 --> 01:27:15,360
Speaker 7: runs experiences your experience Personal American Express Personal right cabbage

1991
01:27:15,520 --> 01:27:19,240
Speaker 7: personal right, that doesn't count as three. It only counts

1992
01:27:19,280 --> 01:27:21,840
Speaker 7: as really, I mean, it doesn't count as that's gonna

1993
01:27:21,880 --> 01:27:23,560
Speaker 7: count as three separate ones. I'm sorry, because you have

1994
01:27:23,680 --> 01:27:26,680
Speaker 7: your American Express, you have your Chase, and you have

1995
01:27:26,760 --> 01:27:27,400
Speaker 7: your cabbage.

1996
01:27:27,520 --> 01:27:27,640
Speaker 5: Right.

1997
01:27:27,720 --> 01:27:30,800
Speaker 7: So that's three separate auto loan, three separate inquiries. Okay,

1998
01:27:31,160 --> 01:27:33,840
Speaker 7: Because so every single credit card inquiry, no matter if

1999
01:27:33,880 --> 01:27:36,840
Speaker 7: it's personal or business, is gonna count as one. But

2000
01:27:37,000 --> 01:27:41,360
Speaker 7: any a loan inquiry in the same category within thirty

2001
01:27:41,400 --> 01:27:43,840
Speaker 7: to forty five days is gonna count as one. So

2002
01:27:44,200 --> 01:27:46,640
Speaker 7: even even with an auto loan company that you you know,

2003
01:27:46,720 --> 01:27:48,320
Speaker 7: you go to the dealership and they run your credit

2004
01:27:48,400 --> 01:27:51,200
Speaker 7: ten times, it doesn't affect your credit score ten times.

2005
01:27:51,400 --> 01:27:53,680
Speaker 7: It only affects your credit score once if it's done

2006
01:27:53,720 --> 01:27:54,719
Speaker 7: within the same period.

2007
01:27:56,120 --> 01:27:58,519
Speaker 17: Okay, thank you so much. I appreciate it.

2008
01:27:58,720 --> 01:28:04,280
Speaker 6: Thank you, guys, said, I get back to my notes.

2009
01:28:04,320 --> 01:28:09,040
Speaker 6: I appreciate you. All right, let's let's go to Christian.

2010
01:28:09,080 --> 01:28:09,560
Speaker 3: We come to you.

2011
01:28:09,840 --> 01:28:11,639
Speaker 6: You yourself, you've been immuted. What's going on Christian?

2012
01:28:17,400 --> 01:28:19,439
Speaker 10: Hey, how you guys doing Christian?

2013
01:28:19,520 --> 01:28:19,640
Speaker 7: Here?

2014
01:28:21,400 --> 01:28:21,920
Speaker 5: Great question?

2015
01:28:23,240 --> 01:28:25,479
Speaker 18: Actual you two questions and one is for Rashan and

2016
01:28:27,240 --> 01:28:29,880
Speaker 18: so for some of us that I've been grandfather, then

2017
01:28:30,040 --> 01:28:33,640
Speaker 18: we've been with Eyl from like just before COVID. Do

2018
01:28:33,800 --> 01:28:38,240
Speaker 18: the rates go up for us as well? Or does

2019
01:28:38,320 --> 01:28:39,240
Speaker 18: it Does it change?

2020
01:28:40,560 --> 01:28:42,719
Speaker 2: And that's good, that's a good question. It stays the same.

2021
01:28:42,800 --> 01:28:44,479
Speaker 2: And that's just like a stock. That's just you know,

2022
01:28:45,000 --> 01:28:47,360
Speaker 2: people that got in early. They you know, so some

2023
01:28:47,479 --> 01:28:50,240
Speaker 2: people got in that ninety nine dollars for the entire year,

2024
01:28:50,800 --> 01:28:52,519
Speaker 2: and then every year it'll just be ninety nine dollars

2025
01:28:52,520 --> 01:28:53,880
Speaker 2: as long as they want to renew. So they renew

2026
01:28:53,920 --> 01:28:57,599
Speaker 2: that price at ninety nine dollars. So you know, that's

2027
01:28:57,600 --> 01:29:01,040
Speaker 2: another benefit. You know, as as the value goes up,

2028
01:29:01,200 --> 01:29:03,880
Speaker 2: as the information goes up, as more and more videos

2029
01:29:03,880 --> 01:29:06,559
Speaker 2: get archives, then you know, the price changes.

2030
01:29:06,600 --> 01:29:08,920
Speaker 3: But whatever you whatever you pay, you lock in at.

2031
01:29:09,000 --> 01:29:11,519
Speaker 3: So whatever price you got, what price you in at.

2032
01:29:12,240 --> 01:29:14,240
Speaker 10: I got in I think at two ninety nine something

2033
01:29:14,280 --> 01:29:14,439
Speaker 10: like that.

2034
01:29:14,600 --> 01:29:18,120
Speaker 3: Yeah, and ninety nine, so yeah, now it's two thousand,

2035
01:29:18,520 --> 01:29:20,560
Speaker 3: you know, So yeah, there you have it.

2036
01:29:20,840 --> 01:29:23,720
Speaker 18: Good investment, yeah, man, one of the best investments I

2037
01:29:23,760 --> 01:29:27,040
Speaker 18: haven't made now. The other questions for Jose was that

2038
01:29:27,240 --> 01:29:29,439
Speaker 18: Metro at event Fest. I also wanted to say thank

2039
01:29:29,479 --> 01:29:32,479
Speaker 18: you for the credit card. The American Express Play. I

2040
01:29:32,520 --> 01:29:34,479
Speaker 18: don't know if you remember, but it was like six

2041
01:29:34,560 --> 01:29:36,280
Speaker 18: cards that I applied for at the same time and

2042
01:29:36,360 --> 01:29:36,840
Speaker 18: it worked out.

2043
01:29:36,920 --> 01:29:39,120
Speaker 10: Sot out to you and keep doing what you do.

2044
01:29:39,760 --> 01:29:40,120
Speaker 5: I have a.

2045
01:29:41,840 --> 01:29:46,320
Speaker 18: So I applied for a Chase card. Big mistake, and

2046
01:29:46,600 --> 01:29:48,680
Speaker 18: I think because one of my friends had told me,

2047
01:29:48,800 --> 01:29:50,240
Speaker 18: just do it. You get two hundred dollars off of

2048
01:29:50,280 --> 01:29:54,080
Speaker 18: flight we're going to Jamaica, and and I think I

2049
01:29:54,240 --> 01:29:57,280
Speaker 18: used that, spent about one thousand on it. The limit

2050
01:29:57,400 --> 01:30:00,160
Speaker 18: is about two grand, and now my credit score drop

2051
01:30:00,320 --> 01:30:02,800
Speaker 18: from eight twenty five to seven ninety.

2052
01:30:03,840 --> 01:30:04,680
Speaker 10: How can I fix this?

2053
01:30:06,200 --> 01:30:09,439
Speaker 4: Just paid off? I paid it off for it and

2054
01:30:09,560 --> 01:30:12,880
Speaker 4: it has the balance already showed on the report at zero.

2055
01:30:14,080 --> 01:30:16,479
Speaker 10: No, this happened like five or six days ago, but

2056
01:30:16,560 --> 01:30:17,520
Speaker 10: I was traumatized.

2057
01:30:17,520 --> 01:30:19,120
Speaker 18: I was like, how the hell you go from eight

2058
01:30:19,200 --> 01:30:22,639
Speaker 18: twenty five to seven ninety because of one stupid card

2059
01:30:22,640 --> 01:30:23,479
Speaker 18: that I didn't even need.

2060
01:30:23,880 --> 01:30:27,120
Speaker 7: I'm gonna tell you why. Because the limit is two thousand,

2061
01:30:27,360 --> 01:30:30,160
Speaker 7: your balance is a thousand. So when that balance reported,

2062
01:30:30,560 --> 01:30:32,800
Speaker 7: even though the balance is only a thousand, you're at

2063
01:30:32,880 --> 01:30:35,080
Speaker 7: fifty percent utilizations.

2064
01:30:34,400 --> 01:30:34,920
Speaker 3: To that card.

2065
01:30:35,520 --> 01:30:39,640
Speaker 4: So as you pay it down and you paid it

2066
01:30:39,720 --> 01:30:45,040
Speaker 4: five or six days ago, it will eventually report at zero.

2067
01:30:45,240 --> 01:30:47,200
Speaker 7: Now here's the thing, you know, Now with that card,

2068
01:30:47,479 --> 01:30:50,000
Speaker 7: the next trip you go on, use the business ams

2069
01:30:50,080 --> 01:30:50,880
Speaker 7: instead of the chase.

2070
01:30:51,280 --> 01:30:54,240
Speaker 10: Oh yeah, oh yeah, oh yeah, never again, never again,

2071
01:30:54,680 --> 01:30:55,200
Speaker 10: never again.

2072
01:30:55,479 --> 01:30:55,679
Speaker 3: Yeah.

2073
01:30:56,040 --> 01:30:58,200
Speaker 8: And even in those situations too, Jose, and you can

2074
01:30:58,240 --> 01:31:00,840
Speaker 8: correct me. But if he has I'm sure some people

2075
01:31:00,840 --> 01:31:02,559
Speaker 8: are in that situation where they have a two thousand limit.

2076
01:31:02,600 --> 01:31:05,240
Speaker 8: Before you use it again, try to reach out and

2077
01:31:05,400 --> 01:31:07,759
Speaker 8: maybe increase the limit, right, so the utilization rate actually

2078
01:31:07,800 --> 01:31:10,400
Speaker 8: goes down. So when you spend a thousand, maybe your

2079
01:31:10,479 --> 01:31:13,000
Speaker 8: limit has been increased to five thousand and not a

2080
01:31:13,040 --> 01:31:14,040
Speaker 8: percentages in fifty.

2081
01:31:14,320 --> 01:31:16,160
Speaker 6: You know what I'm saying, It's like at twenty right.

2082
01:31:17,040 --> 01:31:20,920
Speaker 7: And the thing is, man, not even only before you

2083
01:31:21,040 --> 01:31:22,560
Speaker 7: use the card, but if you get a proved for

2084
01:31:22,600 --> 01:31:24,320
Speaker 7: a credit card and you say your credit score was

2085
01:31:24,360 --> 01:31:26,759
Speaker 7: over eight hundred and they only gave you two thousand dollars,

2086
01:31:26,880 --> 01:31:28,920
Speaker 7: what you want to do is pick up the phone,

2087
01:31:29,439 --> 01:31:31,840
Speaker 7: even if even if your credit is subpar, meaning like

2088
01:31:31,960 --> 01:31:34,360
Speaker 7: six hundred and six twenty six fifty. Anytime you guys

2089
01:31:34,439 --> 01:31:36,400
Speaker 7: get it proved for a credit card, call them up

2090
01:31:36,400 --> 01:31:37,800
Speaker 7: and say, hey, I got a proof for a two

2091
01:31:37,800 --> 01:31:39,760
Speaker 7: thousand dollars credit card. But if you look at my

2092
01:31:39,840 --> 01:31:42,200
Speaker 7: credit I have five ten thousand dollars limits. There's anything

2093
01:31:42,240 --> 01:31:44,800
Speaker 7: you can do with increasing the right there, because not

2094
01:31:44,920 --> 01:31:47,080
Speaker 7: only will it save you with inquiry, but yes, when

2095
01:31:47,120 --> 01:31:49,800
Speaker 7: you do use it, the utilization will be so low

2096
01:31:50,520 --> 01:31:52,439
Speaker 7: it really it really wouldn't matter, you know what I mean.

2097
01:31:52,520 --> 01:31:55,200
Speaker 7: So definitely try to get the limit increases sooner than

2098
01:31:55,280 --> 01:31:57,200
Speaker 7: later to that way they don't run your credit again.

2099
01:31:57,520 --> 01:31:59,400
Speaker 6: Yeah, more trips to Jamaica, Christian.

2100
01:32:01,080 --> 01:32:03,320
Speaker 10: Man, because I don't I don't fly. Yeah, thank you,

2101
01:32:03,840 --> 01:32:04,080
Speaker 10: thank you.

2102
01:32:04,120 --> 01:32:09,280
Speaker 3: Appreciate you. All Right, let's get a few more questions

2103
01:32:09,360 --> 01:32:09,760
Speaker 3: if you can.

2104
01:32:10,080 --> 01:32:11,920
Speaker 6: Let's let's do uh, let's go.

2105
01:32:14,840 --> 01:32:15,080
Speaker 3: Ralph.

2106
01:32:15,080 --> 01:32:17,320
Speaker 6: We're coming to you, Ralph, what's going on. I'm mute yourself.

2107
01:32:17,360 --> 01:32:18,360
Speaker 6: You've been unmuted. What's the deal?

2108
01:32:21,960 --> 01:32:24,560
Speaker 5: Pete Solms, app appreciate you calling me.

2109
01:32:25,200 --> 01:32:25,320
Speaker 2: Uh.

2110
01:32:25,720 --> 01:32:29,719
Speaker 19: One, I'm an eu L erner. And two I joined

2111
01:32:30,360 --> 01:32:32,879
Speaker 19: the Credit Academy about I think last month in February,

2112
01:32:33,120 --> 01:32:37,519
Speaker 19: so I'm plugged in on both sides. Appreciate what you

2113
01:32:37,600 --> 01:32:40,240
Speaker 19: guys are doing doing for our people. Just this fine

2114
01:32:40,280 --> 01:32:47,080
Speaker 19: youal literacy is incredible. Questions for Jose Jose so I

2115
01:32:47,520 --> 01:32:49,280
Speaker 19: it was on his zoom earlier today. So I'm waiting

2116
01:32:49,320 --> 01:32:50,880
Speaker 19: for the link to sign up with the credit coach.

2117
01:32:51,960 --> 01:32:56,320
Speaker 19: But while I got you on the business side, So

2118
01:32:56,439 --> 01:32:59,240
Speaker 19: I have a business, been around for well over ten

2119
01:32:59,320 --> 01:33:03,280
Speaker 19: years now fifteen years actually, and I have several just

2120
01:33:03,320 --> 01:33:05,800
Speaker 19: a couple of business credit cards. So now this this

2121
01:33:05,840 --> 01:33:08,160
Speaker 19: is what I were here everybody you know, you guys

2122
01:33:08,200 --> 01:33:10,719
Speaker 19: and other folks on social media running all these plays

2123
01:33:10,760 --> 01:33:14,000
Speaker 19: on the credit cards. Something I've always shied against. This

2124
01:33:14,200 --> 01:33:16,600
Speaker 19: got I have like two or three credit cards, like

2125
01:33:16,680 --> 01:33:18,960
Speaker 19: I got AX, I've had for like since twenty ten.

2126
01:33:20,080 --> 01:33:22,360
Speaker 19: Got a Bank of America. I've had probably the same length,

2127
01:33:22,400 --> 01:33:27,040
Speaker 19: may maybe slightly longer. My question is now I want

2128
01:33:27,080 --> 01:33:29,760
Speaker 19: to take it to take this business credit to the

2129
01:33:29,920 --> 01:33:34,200
Speaker 19: next level, and like I want to get the Capital

2130
01:33:34,240 --> 01:33:38,320
Speaker 19: one Spark card the two percent unlimited. But I'm looking

2131
01:33:38,400 --> 01:33:42,320
Speaker 19: to do that strictly in the business name. Is there

2132
01:33:42,400 --> 01:33:44,479
Speaker 19: a way or maybe those details I have to work

2133
01:33:44,520 --> 01:33:46,280
Speaker 19: out when I get with the coach, But what what's

2134
01:33:46,320 --> 01:33:48,960
Speaker 19: the way to do it where I'm not using my

2135
01:33:49,080 --> 01:33:50,280
Speaker 19: personal credit.

2136
01:33:51,960 --> 01:33:55,519
Speaker 7: So one I would stay away from the Capitol one

2137
01:33:55,600 --> 01:33:58,960
Speaker 7: Spark card. If you already have several business credit cards

2138
01:33:59,000 --> 01:34:01,120
Speaker 7: with you know it sounds like you do. The reason

2139
01:34:01,200 --> 01:34:04,360
Speaker 7: why is because Capital one Spark also reports to the

2140
01:34:04,479 --> 01:34:07,360
Speaker 7: personal side, So that is a good credit card if

2141
01:34:07,360 --> 01:34:09,760
Speaker 7: you're just starting out with building business credit, and you're

2142
01:34:09,920 --> 01:34:13,080
Speaker 7: just starting out even with building personal credit. Capital one

2143
01:34:13,160 --> 01:34:16,120
Speaker 7: Spark is gonna run all three bureaus because any Capital

2144
01:34:16,160 --> 01:34:19,760
Speaker 7: one credit card, they're gonna run Equifax, Experience, and TransUnion.

2145
01:34:19,960 --> 01:34:21,400
Speaker 7: When you get a credit card with them, it doesn't

2146
01:34:21,400 --> 01:34:24,960
Speaker 7: matter if it's the Capital one, Quicksilver Spark, a venture,

2147
01:34:25,160 --> 01:34:27,680
Speaker 7: doesn't really matter. So I would stay away from them.

2148
01:34:28,160 --> 01:34:30,840
Speaker 7: And honestly, when was the last you said you've had

2149
01:34:30,880 --> 01:34:32,280
Speaker 7: your MX since twenty ten?

2150
01:34:32,960 --> 01:34:34,400
Speaker 5: Yes, that's correct, okay.

2151
01:34:34,439 --> 01:34:36,320
Speaker 4: And it's a personal or a business.

2152
01:34:36,880 --> 01:34:38,280
Speaker 6: No, it's business, okay.

2153
01:34:38,400 --> 01:34:42,240
Speaker 7: So what you should do log into your American Express

2154
01:34:42,360 --> 01:34:47,040
Speaker 7: account online AmericanExpress dot com, not the app, look at

2155
01:34:47,160 --> 01:34:49,960
Speaker 7: whatever business credit cards you want, and when you apply

2156
01:34:50,120 --> 01:34:52,920
Speaker 7: with them like that, because you already have a relationship

2157
01:34:52,960 --> 01:34:55,800
Speaker 7: with American Express, you can typically apply for all the

2158
01:34:55,920 --> 01:35:00,320
Speaker 7: charge cards and two more revolving credit cards without running

2159
01:35:00,360 --> 01:35:02,280
Speaker 7: your credit at all. And I think that would be

2160
01:35:02,320 --> 01:35:03,760
Speaker 7: a better play for you if you're worried about them

2161
01:35:03,840 --> 01:35:06,640
Speaker 7: running your credit. It'll still be a personal guarantee, but

2162
01:35:06,720 --> 01:35:08,360
Speaker 7: they're not going to do a personal credit check.

2163
01:35:09,439 --> 01:35:11,479
Speaker 3: Ah, got it, got it? Okay, got that.

2164
01:35:11,680 --> 01:35:14,479
Speaker 19: That makes sense because the reason I want to avoid

2165
01:35:14,560 --> 01:35:16,760
Speaker 19: the personal now is in the process of buying the house,

2166
01:35:16,800 --> 01:35:19,120
Speaker 19: so I don't want to keep those inquirers down sop.

2167
01:35:19,479 --> 01:35:20,840
Speaker 4: So they won't run your credit at all.

2168
01:35:20,920 --> 01:35:22,200
Speaker 7: Man, if you do it that way, you just got

2169
01:35:22,320 --> 01:35:24,320
Speaker 7: to make sure you log into your account at American

2170
01:35:24,360 --> 01:35:26,560
Speaker 7: Experts dot com, which you're using him in password, and

2171
01:35:26,560 --> 01:35:28,720
Speaker 7: apply like that and they won't ask you for your

2172
01:35:28,760 --> 01:35:31,240
Speaker 7: social to just ask you for EI in business information

2173
01:35:31,400 --> 01:35:32,080
Speaker 7: and you'd be good to go.

2174
01:35:32,920 --> 01:35:34,400
Speaker 5: Got it. Appreciate you guys.

2175
01:35:34,479 --> 01:35:41,120
Speaker 2: Help appreciate your Wel you, sir. Let's get more and

2176
01:35:41,360 --> 01:35:44,479
Speaker 2: Jose before we get to the last question. Jose's teaching

2177
01:35:44,520 --> 01:35:46,800
Speaker 2: a class in a couple of weeks, so anybody that

2178
01:35:47,160 --> 01:35:49,680
Speaker 2: wasn't able to get their questions answered, make sure you

2179
01:35:49,760 --> 01:35:52,320
Speaker 2: tap into that class. And he actually teaches I think

2180
01:35:52,400 --> 01:35:55,400
Speaker 2: like three or four classes once a month. Yeah, once

2181
01:35:55,479 --> 01:35:57,880
Speaker 2: a month, yeah, credit class once a month.

2182
01:35:57,960 --> 01:35:58,160
Speaker 7: Yeah.

2183
01:35:58,160 --> 01:36:00,479
Speaker 2: He's actually a tenured professional to teach is a class

2184
01:36:01,080 --> 01:36:04,640
Speaker 2: regularly for Eyo University. So this stuff literally, they you know,

2185
01:36:04,840 --> 01:36:06,599
Speaker 2: get this all the time, and this is just one

2186
01:36:06,920 --> 01:36:09,000
Speaker 2: facet of it being talking about the real estatement, talking

2187
01:36:09,000 --> 01:36:11,360
Speaker 2: about the financial planning, the book club, all that stuff.

2188
01:36:11,439 --> 01:36:14,679
Speaker 2: So you know the value, Like I said, the retail

2189
01:36:14,760 --> 01:36:17,439
Speaker 2: price for Eyo University is two thousand dollars, but right

2190
01:36:17,520 --> 01:36:20,160
Speaker 2: now it's six ninety nine. So six hundred and ninety

2191
01:36:20,200 --> 01:36:23,799
Speaker 2: nine is the actual price right now, and that changes

2192
01:36:24,120 --> 01:36:24,880
Speaker 2: forty eight hours.

2193
01:36:25,160 --> 01:36:26,800
Speaker 3: Like I said, we'll still run a sale.

2194
01:36:27,160 --> 01:36:28,880
Speaker 2: It'll probably be fifty percent off, so they'll probably be

2195
01:36:28,920 --> 01:36:31,200
Speaker 2: a thousand dollars on Friday or after Friday.

2196
01:36:31,640 --> 01:36:34,439
Speaker 3: But yeah, it's six ninety nine right now. That's what

2197
01:36:34,520 --> 01:36:36,400
Speaker 3: we did last time, and that we just never changed it.

2198
01:36:36,439 --> 01:36:38,080
Speaker 3: We just let it run for a whole month.

2199
01:36:38,160 --> 01:36:40,280
Speaker 2: So I don't know, it sounds like it's like a

2200
01:36:40,360 --> 01:36:43,000
Speaker 2: good deal to me, But you know, if you're interested,

2201
01:36:43,560 --> 01:36:45,519
Speaker 2: click the link if you want to, if you want

2202
01:36:45,520 --> 01:36:47,040
Speaker 2: to be a part of it. But I mean, the

2203
01:36:47,120 --> 01:36:48,280
Speaker 2: information is priceless.

2204
01:36:48,600 --> 01:36:52,240
Speaker 6: Candice, Hello, Hello, I see you already there. I have

2205
01:36:52,320 --> 01:36:53,920
Speaker 6: to tell you. I'm mute yourself. You got to you

2206
01:36:54,040 --> 01:36:55,840
Speaker 6: have the final question? What's going on?

2207
01:36:56,200 --> 01:36:56,400
Speaker 5: Wow?

2208
01:36:56,479 --> 01:36:57,000
Speaker 10: That's awesome.

2209
01:36:57,080 --> 01:36:59,599
Speaker 20: Okay, So I've joined you guys, I can't remember back

2210
01:36:59,600 --> 01:37:04,040
Speaker 20: in scept remember, I think, and I started following you

2211
01:37:04,280 --> 01:37:09,120
Speaker 20: a following Jose and him five hundred, and you guys

2212
01:37:09,160 --> 01:37:13,080
Speaker 20: were talking about I remember trying to get credit cards

2213
01:37:13,120 --> 01:37:16,120
Speaker 20: and before my credit was like five ninety and today

2214
01:37:16,160 --> 01:37:20,599
Speaker 20: I got a new score from Experience seven eight.

2215
01:37:21,800 --> 01:37:24,320
Speaker 3: Congratulations. I've never been seven.

2216
01:37:24,520 --> 01:37:27,880
Speaker 6: Ever met congratulations fires in a chat for kenn this

2217
01:37:28,000 --> 01:37:30,920
Speaker 6: one time. Congratulations love it.

2218
01:37:31,720 --> 01:37:33,880
Speaker 20: So my question I was, I was listening to someone

2219
01:37:33,920 --> 01:37:35,679
Speaker 20: and they were saying, there's a twenty four or five

2220
01:37:35,880 --> 01:37:38,519
Speaker 20: rule because what I was trying to do the other

2221
01:37:38,600 --> 01:37:41,240
Speaker 20: day I tried because my number, my scores had jumped up.

2222
01:37:41,479 --> 01:37:45,120
Speaker 20: I was trying to get a Sam's Business card because

2223
01:37:45,120 --> 01:37:47,160
Speaker 20: I don't want to start my Airbnb and I was

2224
01:37:47,200 --> 01:37:48,960
Speaker 20: trying to get a Sam's Business card and they I

2225
01:37:49,000 --> 01:37:52,880
Speaker 20: didn't get the immediate approval, and I still haven't gotten

2226
01:37:52,920 --> 01:37:54,680
Speaker 20: a letter at you know, saying why, But is it

2227
01:37:54,760 --> 01:37:58,920
Speaker 20: because I've already done so many credit cards and like

2228
01:37:58,960 --> 01:38:01,040
Speaker 20: I guess, I got my car ref I got two

2229
01:38:01,120 --> 01:38:02,639
Speaker 20: new credit cards, and I try to do a couple

2230
01:38:02,640 --> 01:38:04,879
Speaker 20: other things. And I did all that in January and February.

2231
01:38:06,400 --> 01:38:09,080
Speaker 4: So do you think so the five twenty four rule

2232
01:38:09,120 --> 01:38:10,800
Speaker 4: typically applies to Chase.

2233
01:38:11,040 --> 01:38:13,240
Speaker 7: That's the biggest one that I've seen it with, meaning

2234
01:38:13,320 --> 01:38:15,800
Speaker 7: that if you have like five or more open credit

2235
01:38:15,880 --> 01:38:17,920
Speaker 7: cards in the last twenty four months, that's typically like

2236
01:38:18,000 --> 01:38:22,320
Speaker 7: a Chase rule. But with Sam's Business, did you have

2237
01:38:22,520 --> 01:38:24,640
Speaker 7: you you had to provide a personal guarantee for that.

2238
01:38:28,040 --> 01:38:31,760
Speaker 4: With the SAME's business, Candice, no, So with.

2239
01:38:31,840 --> 01:38:37,479
Speaker 20: The Sam's Business, I tried to add it in my yeah. No,

2240
01:38:37,680 --> 01:38:38,599
Speaker 20: they didn't even ask.

2241
01:38:38,439 --> 01:38:43,520
Speaker 4: Me for my personal yeah Sames, I'm saying Sam's Sam's.

2242
01:38:43,160 --> 01:38:47,800
Speaker 7: Club, BJ's Costco. They should never ask you for your

2243
01:38:47,840 --> 01:38:50,439
Speaker 7: personal credit. So that has nothing to do with the

2244
01:38:50,520 --> 01:38:52,840
Speaker 7: personal credit side and has everything to do with the

2245
01:38:52,920 --> 01:38:53,639
Speaker 7: business credit.

2246
01:38:53,760 --> 01:38:56,519
Speaker 4: So build your do you know you have the LLC

2247
01:38:56,680 --> 01:38:58,320
Speaker 4: and you how long have you had the LLC open

2248
01:38:58,400 --> 01:38:59,880
Speaker 4: and everything? It started building business credit.

2249
01:39:00,400 --> 01:39:02,840
Speaker 3: I've had my LLC since.

2250
01:39:03,000 --> 01:39:06,640
Speaker 7: December December, okay, So what you want to do is

2251
01:39:06,800 --> 01:39:09,640
Speaker 7: start building more business credit, right, Get nav dot com

2252
01:39:09,800 --> 01:39:12,080
Speaker 7: business Boost that will give you an automatic trade line

2253
01:39:12,120 --> 01:39:15,040
Speaker 7: for each bureau you know, build the regular accounts you

2254
01:39:15,160 --> 01:39:17,000
Speaker 7: line you're you're in e y L. So watch the

2255
01:39:17,120 --> 01:39:19,400
Speaker 7: videos that I did on the proper steps to building

2256
01:39:19,439 --> 01:39:23,800
Speaker 7: the business credit, get some gas cards, and then in

2257
01:39:23,960 --> 01:39:27,439
Speaker 7: like sixty days go back to Sam's Club, Bjy's Costco

2258
01:39:27,600 --> 01:39:30,160
Speaker 7: things like that and apply again and you should get approved.

2259
01:39:30,920 --> 01:39:33,000
Speaker 17: Okay, all right, perfect, Thank you guys so much.

2260
01:39:33,400 --> 01:39:36,519
Speaker 6: Thank you and congratulations on that seven hundred. That's life changing.

2261
01:39:36,840 --> 01:39:38,000
Speaker 12: Yeah, I'm so excited.

2262
01:39:39,080 --> 01:39:41,519
Speaker 3: Eazy Jose always a pleasure man.

2263
01:39:41,840 --> 01:39:43,400
Speaker 2: Before we go, I want to I want to give

2264
01:39:43,400 --> 01:39:45,720
Speaker 2: you an opportunity to talk because I know a lot

2265
01:39:45,840 --> 01:39:47,960
Speaker 2: come of people have asked, like, you know, how can

2266
01:39:48,040 --> 01:39:50,200
Speaker 2: they contact you or different things of that nature.

2267
01:39:50,320 --> 01:39:54,360
Speaker 3: So can you talk about that? Yeah? So what kind

2268
01:39:54,400 --> 01:39:55,800
Speaker 3: of services you provide? Stuff like that?

2269
01:39:56,240 --> 01:39:58,559
Speaker 7: Yeah, no, no doubt man. I mean, thank you guys again,

2270
01:39:58,640 --> 01:40:00,559
Speaker 7: this is awesome. You know what I mean, flies when

2271
01:40:00,560 --> 01:40:02,519
Speaker 7: you're having fun. I didn't realize how you know. We've

2272
01:40:02,520 --> 01:40:04,560
Speaker 7: been on here our in forty minutes man, And I

2273
01:40:04,680 --> 01:40:06,800
Speaker 7: love answering questions. This is like what I love to

2274
01:40:06,880 --> 01:40:09,240
Speaker 7: do and ask people that sit there in my program.

2275
01:40:09,680 --> 01:40:11,000
Speaker 4: We do this every week as well.

2276
01:40:12,160 --> 01:40:14,200
Speaker 7: The things that we do guys is we help you

2277
01:40:14,320 --> 01:40:16,920
Speaker 7: with your personal and business credit. If you only want

2278
01:40:16,960 --> 01:40:19,240
Speaker 7: help with your personal credit, that's fine. If you want

2279
01:40:19,280 --> 01:40:22,960
Speaker 7: business credit help, that's fine, too. You know, our program

2280
01:40:23,240 --> 01:40:26,280
Speaker 7: is not deletion driven, meaning that you could be in

2281
01:40:26,320 --> 01:40:29,000
Speaker 7: our program six months, nine months, twelve months and not

2282
01:40:29,080 --> 01:40:31,599
Speaker 7: get any deletions. That's that's sometimes the part of credit

2283
01:40:31,680 --> 01:40:34,599
Speaker 7: repair and also building your credit. But we will teach

2284
01:40:34,640 --> 01:40:36,720
Speaker 7: you how to either settle that account, pay it off,

2285
01:40:36,840 --> 01:40:39,040
Speaker 7: build a new credit, whatever the case is. And our

2286
01:40:39,080 --> 01:40:41,000
Speaker 7: program is only one hundred dollars a month, right, You're

2287
01:40:41,040 --> 01:40:43,720
Speaker 7: really not going to come across a program that does

2288
01:40:43,800 --> 01:40:46,280
Speaker 7: your personal credit for you and teaches you our business

2289
01:40:46,320 --> 01:40:48,880
Speaker 7: credit and everything that we provide for one hundred dollars

2290
01:40:48,880 --> 01:40:52,000
Speaker 7: a month. Cancel any time there's no money up front,

2291
01:40:52,840 --> 01:40:54,720
Speaker 7: and that's what it is. It's one hundred dollars a month,

2292
01:40:54,840 --> 01:40:57,040
Speaker 7: and you decide what you want to do. A lot

2293
01:40:57,080 --> 01:40:59,400
Speaker 7: of the people that have come into our program never

2294
01:40:59,439 --> 01:41:02,280
Speaker 7: even thought of opening them a business, but through our program,

2295
01:41:02,640 --> 01:41:05,000
Speaker 7: we teach them the importance and this step by step

2296
01:41:05,120 --> 01:41:07,639
Speaker 7: guide on how to do everything from starting the LLC,

2297
01:41:07,800 --> 01:41:09,920
Speaker 7: get in the EI in, done and brad shoot everything else.

2298
01:41:10,439 --> 01:41:13,160
Speaker 7: And now we're empowering you to use your credit to

2299
01:41:13,320 --> 01:41:17,360
Speaker 7: leverage not only return on investment, but also education.

2300
01:41:17,800 --> 01:41:20,840
Speaker 4: So every single course that EYL has ever thrown out there.

2301
01:41:20,920 --> 01:41:22,880
Speaker 7: I have used the business credit card, and I think

2302
01:41:22,920 --> 01:41:24,320
Speaker 7: it's like two of them that I haven't bought yet,

2303
01:41:24,360 --> 01:41:26,120
Speaker 7: like the vending course and I think the trucking course.

2304
01:41:26,400 --> 01:41:27,040
Speaker 4: Everything else.

2305
01:41:27,360 --> 01:41:31,200
Speaker 7: I've bought it because it's there's power and education and

2306
01:41:31,439 --> 01:41:34,880
Speaker 7: you could use your credit for more than just buying supplies.

2307
01:41:34,960 --> 01:41:37,720
Speaker 7: You can use your credit to leverage more education and

2308
01:41:37,800 --> 01:41:41,360
Speaker 7: to help you enter rooms that you never thought possible.

2309
01:41:41,400 --> 01:41:43,760
Speaker 4: Guys, So you know, like I said, my program is

2310
01:41:43,840 --> 01:41:44,880
Speaker 4: not a three month program.

2311
01:41:45,000 --> 01:41:45,439
Speaker 3: Six month.

2312
01:41:45,479 --> 01:41:47,360
Speaker 4: I'm not going to promise your credit score. I'm not

2313
01:41:47,439 --> 01:41:49,880
Speaker 4: gonna promise you any deletions, but I will promise you

2314
01:41:49,960 --> 01:41:50,640
Speaker 4: the access to.

2315
01:41:50,680 --> 01:41:53,160
Speaker 7: The god credited academy where if you do the work

2316
01:41:53,520 --> 01:41:55,599
Speaker 7: and we help you do the work, you have credit

2317
01:41:55,680 --> 01:41:58,320
Speaker 7: coaches here in the US. We have we're gonna start doing,

2318
01:41:58,400 --> 01:41:59,960
Speaker 7: you know, tours and things like that. We're going to

2319
01:42:00,040 --> 01:42:03,719
Speaker 7: see our clients. But give me twelve months. Dedicate twelve

2320
01:42:03,760 --> 01:42:05,600
Speaker 7: months to me, and I promise that I've changed the

2321
01:42:05,680 --> 01:42:08,920
Speaker 7: trajectory of you and your life and your family as well.

2322
01:42:09,680 --> 01:42:13,080
Speaker 2: You have it. Appreciate that, Jose. And once again Jose

2323
01:42:13,200 --> 01:42:15,360
Speaker 2: actually teaches monthly for Eyo University.

2324
01:42:16,000 --> 01:42:16,880
Speaker 3: Very very good guy.

2325
01:42:17,920 --> 01:42:22,880
Speaker 2: Actually has helped family members out, my family and members out,

2326
01:42:22,920 --> 01:42:27,840
Speaker 2: So definitely recommend him and his services for sure. And yeah,

2327
01:42:28,000 --> 01:42:30,479
Speaker 2: once again Eyo University. This is what we do every

2328
01:42:30,520 --> 01:42:33,400
Speaker 2: single week. Jose comes once a month, but we do everything.

2329
01:42:33,479 --> 01:42:36,960
Speaker 2: It's not like an investment club. It's not just real estate.

2330
01:42:37,080 --> 01:42:39,760
Speaker 2: It's everything, literally everything that we talk about your leisure.

2331
01:42:39,840 --> 01:42:45,679
Speaker 2: Everything from entrepreneurship to investing, to cryptocurrency, to real estate

2332
01:42:45,800 --> 01:42:49,920
Speaker 2: to credit. So yeah, so you know everything. And like

2333
01:42:50,000 --> 01:42:52,840
Speaker 2: I said, it's a community. So we have infinity groups

2334
01:42:52,880 --> 01:42:57,000
Speaker 2: inside of it. We have book club, movie club, We

2335
01:42:57,080 --> 01:43:00,439
Speaker 2: got the financial planning calls, and actually you can access

2336
01:43:00,600 --> 01:43:02,759
Speaker 2: to MG the mortgage Guys Homeboys blueprint.

2337
01:43:02,760 --> 01:43:03,400
Speaker 3: I forgot about that.

2338
01:43:03,840 --> 01:43:06,080
Speaker 2: So you get access to the home Buyers Blueprint, which

2339
01:43:06,200 --> 01:43:09,840
Speaker 2: is like ten hours of education every single thing that

2340
01:43:09,920 --> 01:43:12,080
Speaker 2: you need to know. That that alone is probably v

2341
01:43:13,040 --> 01:43:14,840
Speaker 2: buying one and two. Yeah, everything you need to know

2342
01:43:14,880 --> 01:43:17,800
Speaker 2: about how to buy home, how to rehab a home.

2343
01:43:18,520 --> 01:43:21,759
Speaker 2: It's like fifteen hours of information that's included with Ewyo

2344
01:43:21,880 --> 01:43:25,120
Speaker 2: University membership. So I mean it's crazy. So yeah, so

2345
01:43:25,200 --> 01:43:27,600
Speaker 2: we got the sale running six ninety nine for the

2346
01:43:27,840 --> 01:43:32,160
Speaker 2: entire year, for twelve months, and that's going to run

2347
01:43:32,240 --> 01:43:35,200
Speaker 2: to the end of Friday, I think, so if you're interested,

2348
01:43:35,320 --> 01:43:38,880
Speaker 2: click the link Eyo University and sign up. Man anything

2349
01:43:38,880 --> 01:43:40,160
Speaker 2: else you want to talk about before we head out,

2350
01:43:40,240 --> 01:43:42,880
Speaker 2: So almost an hour and fifty forty five minutes, So

2351
01:43:43,200 --> 01:43:43,920
Speaker 2: watch the replay.

2352
01:43:43,960 --> 01:43:44,720
Speaker 3: The replay will be.

2353
01:43:44,720 --> 01:43:47,919
Speaker 2: On YouTube, and then we'll put it on podcast outlets

2354
01:43:48,000 --> 01:43:50,559
Speaker 2: for study Hall. That'll be out on Friday. So if

2355
01:43:50,600 --> 01:43:52,439
Speaker 2: you want to listen to it in your car, check

2356
01:43:52,479 --> 01:43:55,840
Speaker 2: it out on Friday on the podcast outlets and then

2357
01:43:56,160 --> 01:43:59,519
Speaker 2: this replay will be available on YouTube.

2358
01:44:00,120 --> 01:44:02,240
Speaker 8: Yeah, make sure when you join that we have an

2359
01:44:02,320 --> 01:44:04,519
Speaker 8: orientation and so a lot of people, you know, when

2360
01:44:04,560 --> 01:44:07,120
Speaker 8: they start school, they're a new kid on the block,

2361
01:44:07,120 --> 01:44:08,719
Speaker 8: they don't know where to go, and so we have orientation.

2362
01:44:08,760 --> 01:44:10,160
Speaker 6: Shout out to jam I know she's in here right

2363
01:44:10,160 --> 01:44:12,600
Speaker 6: now that she leads you through the process. Right. So

2364
01:44:12,720 --> 01:44:15,560
Speaker 6: we have over one hundred and fifty videos archive.

2365
01:44:15,360 --> 01:44:18,320
Speaker 8: But they're section into your interests and so once you

2366
01:44:18,400 --> 01:44:20,640
Speaker 8: find your interests, not only you're gonna find videos there,

2367
01:44:20,680 --> 01:44:22,600
Speaker 8: but you're gonna find people who have like minds in

2368
01:44:22,680 --> 01:44:24,960
Speaker 8: that inside that space too. And so it's a space

2369
01:44:24,960 --> 01:44:27,800
Speaker 8: where you can actually ask questions and find people with

2370
01:44:27,920 --> 01:44:31,280
Speaker 8: similar backgrounds and similar interests. It might even be in

2371
01:44:31,320 --> 01:44:33,920
Speaker 8: a similar area, right, you might find people that live

2372
01:44:34,040 --> 01:44:36,800
Speaker 8: where you live that are interested in the things you are.

2373
01:44:36,920 --> 01:44:39,280
Speaker 8: So shoutut to everybody that's been in our groups, in

2374
01:44:39,320 --> 01:44:40,639
Speaker 8: our shout out to jam for the orientation.

2375
01:44:41,840 --> 01:44:45,920
Speaker 2: Yeah, that's it all right, guys, been real see you

2376
01:44:45,960 --> 01:44:50,280
Speaker 2: on the other side. Shout out to Andre Hatchitt. Appreciate you, brother.

2377
01:44:51,040 --> 01:44:51,640
Speaker 6: Your love is love.

2378
01:44:51,720 --> 01:44:54,120
Speaker 4: Y'all appreciate you, bro, Thank you guys.

2379
01:44:54,720 --> 01:44:56,680
Speaker 2: Thanks everybody for the super chats. Also, we ain't get

2380
01:44:56,680 --> 01:44:57,840
Speaker 2: a chance to read it, but it's all love.

2381
01:44:57,920 --> 01:44:59,080
Speaker 6: Oh yeah, shout to y'all.

2382
01:45:00,000 --> 01:45:04,280
Speaker 21: Just realized your business needed to hire someone yesterday. How

2383
01:45:04,360 --> 01:45:08,839
Speaker 21: can you find amazing candidates fast? Easy? Just use Indeed.

2384
01:45:09,320 --> 01:45:12,000
Speaker 21: Stop struggling to get your job posts seen on other

2385
01:45:12,120 --> 01:45:15,760
Speaker 21: job sites. With Indeed sponsored jobs, your post jumps to

2386
01:45:15,840 --> 01:45:18,360
Speaker 21: the top of the page for your relevant candidates, so

2387
01:45:18,479 --> 01:45:21,400
Speaker 21: you can reach the people you want faster. According to

2388
01:45:21,520 --> 01:45:25,439
Speaker 21: Indeed data, sponsored jobs posted directly on Indeed have forty

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Speaker 21: five percent more applications than non sponsored jobs. Don't wait

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Speaker 21: any longer, speed up your hiring right now with Indeed,

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Speaker 21: and listeners of this show will get a seventy five

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01:45:35,600 --> 01:45:38,720
Speaker 21: dollars sponsored job credit to get your jobs more visibility

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01:45:38,960 --> 01:45:44,600
Speaker 21: at indeed dot com slash pod Katz thirteen. Just go

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Speaker 21: to indeed dot com slash pod katz thirteen right now

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Speaker 21: and support our show by saying you heard about Indeed

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Speaker 21: on this podcast. Terms and conditions apply. Hiring Indeed is

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Speaker 21: all you need