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Speaker 2: Yes, so let's get into this. We're going to bring
Speaker 2: my brother Jose Rodriguez on. And this is something that
Speaker 2: you know, a lot of people have been asking about
Speaker 2: for a long tom and surprisingly enough, it's one of
Speaker 2: these things that you know, we've talked about business. We
Speaker 2: talked about credit a few times, but i'll earn your
Speaker 2: leashes platform as far as like the podcast, you know,
Speaker 2: we haven't really talked about business credit too much, And
Speaker 2: I feel like we haven't even spoken about credit that much.
Speaker 2: We have had a few episodes about credit. Last episode
Speaker 2: that we had about credit, what's a year ago. Yeah,
Speaker 2: I was thirteen months ago when Jose came on. That
Speaker 2: was a big episode for us.
Speaker 3: So I feel like it would be a good time
Speaker 3: to we visit that conversation.
Speaker 2: Starting twenty twenty two, off Right headed into the second
Speaker 2: quarter to talk about business credit, talk about personal credit.
Speaker 2: And there's a lot of different things that's going on
Speaker 2: in the credit space. I just reported on something today
Speaker 2: as far as you know, banks allowing people to pay
Speaker 2: their rent with credit cards and things and that.
Speaker 3: So it's a lot going on. But Jose was going on.
Speaker 4: Brother, Hey, guys, is going on? Making you be good?
Speaker 5: Yeah?
Speaker 6: Perfect? Let me tell my volume a little bit.
Speaker 3: Yeah, yeah, man, how you're good?
Speaker 6: You're good?
Speaker 3: How's it going? Awesome?
Speaker 4: Good man.
Speaker 7: I appreciate you guys. Man, appreciate it. I appreciate you
Speaker 7: guys having to me back on no no column.
Speaker 6: Man, we haven't seen you in so long, but that
Speaker 6: was just early this month we lived together.
Speaker 4: Yeah, yeah, yeah, yep, yep yeah.
Speaker 6: When I told my wife, I said, yeah, we got
Speaker 6: Jose to night for opening roll maentn.
Speaker 8: She was just like, he's just one of the nicest people, like, yeah,
Speaker 8: out five, maybe not, he might be top two, maybe
Speaker 8: not too. Just the most genuine people we I've ever met.
Speaker 4: So so you, bro, I appreciate that. Man, means a lot.
Speaker 6: I'll see the new merch going off too. We got
Speaker 6: cash debt.
Speaker 7: Cash, don't use cash, don't use debit, use the AX.
Speaker 7: And then the business credit veteran had you know, since
Speaker 7: on the military promote business credit, so I figured I
Speaker 7: switch it up a little bit.
Speaker 6: I'll start generally I like it, I like it, I
Speaker 6: like it.
Speaker 2: So, yeah, anybody that's not familiar with Jose, he's been
Speaker 2: on our platform variety of different times, from Eyo University
Speaker 2: to the podcast to U recently just did ash Cash
Speaker 2: this show Inside the Vault. And then of course you
Speaker 2: know he's been working with DJ MVY and Caesar for
Speaker 2: a long time doing real estate seminars with them, MG
Speaker 2: the mortgage guy, the whole crew. So yeah, you know,
Speaker 2: expert in the field. As Choice said, definitely one of
Speaker 2: the nicest people, but one of the most knowledgeable people
Speaker 2: as well. So you know, it's definitely one of these
Speaker 2: topics that you can.
Speaker 3: Never cover up.
Speaker 2: Credit and it's something that you know, we talk about
Speaker 2: stocks every single week literally, so we talk about credit
Speaker 2: maybe a couple of times a year. You know, anytime
Speaker 2: we get a chance to talk about credit is something
Speaker 2: that you know is extremely beneficial because nobody knows it
Speaker 2: all tlue to myself. You know, as far as especially
Speaker 2: on the business credit side, but even on the personal
Speaker 2: credit side, there's so much stuff that changes, so many
Speaker 2: different you know, new rules, regulations, different agencies, bureaus, how
Speaker 2: to check your credit, how not to get you know,
Speaker 2: your credit identity taken and that can ruin your credit.
Speaker 6: How to leverage it, how to use it in the business.
Speaker 8: Then, like we're doing these things in real time, but
Speaker 8: we're learning from exercise.
Speaker 6: So that's that's that's why it's important.
Speaker 3: Yeah, extremely important.
Speaker 2: So so yeah, so I'll just give the quick rundown
Speaker 2: then we could just get into it.
Speaker 3: So what this is. We do this once a month
Speaker 3: and it's called open enrollment.
Speaker 2: So ey L University is a platform that we started
Speaker 2: and that is our private school as far as the
Speaker 2: education is concerned. Obviously everybody knows what we do. We're
Speaker 2: earning your LEAGI on market, Mondays, podcasts, Instagram, all that
Speaker 2: stuff every day free. But EUYL University is offline and
Speaker 2: that's hands on, twelve thousand students in there, earners in there,
Speaker 2: and that's we have a book club, movie club, I
Speaker 2: do my financial planning calls, MG does biweekly real estate.
Speaker 3: Calls, and one of the things that we have is
Speaker 3: we have.
Speaker 2: Weekly classes where it's a more hands on approach like Zoom,
Speaker 2: where people get to ask questions and you know, interact
Speaker 2: and different things of that nature. So we have what's
Speaker 2: called open and rollment to show people like what Eyo
Speaker 2: University is all about, and we do that the last
Speaker 2: Wednesday of the month. So the last Wednesday of the
Speaker 2: month is that, you know, we just pick a different topic.
Speaker 2: We've done real estate, we've done stock charts, options, you know,
Speaker 2: we've done pretty much everything with the opening rollments, but
Speaker 2: we haven't done really credit.
Speaker 3: So this is this is what this is going to be.
Speaker 3: So we'll go over this.
Speaker 2: We you can talk about Eyo University a little bit
Speaker 2: more in detail later on. I will drop the link
Speaker 2: for anybody that wants to join the Eyo University. But yeah,
Speaker 2: I don't even always too much time. I want to
Speaker 2: just get into it, and I know Jose got a
Speaker 2: lot to talk about, so yeah, let's let's let's get it.
Speaker 8: Hey, we got to mention that Jose is actually a professor.
Speaker 8: Oh yeah university. One of our prestiges ten your stieges,
Speaker 8: a ten yured professor is just that good.
Speaker 3: Yes, yes, yes, Jose, the floor is yours brother.
Speaker 4: Awesome man, Thank you guys. Once again. I appreciate you
Speaker 4: guys and your leisures.
Speaker 3: Definitely.
Speaker 7: You know a platform that you know, you guys having
Speaker 7: me on it, educating it on it.
Speaker 4: I really appreciate it and uh.
Speaker 7: The honor to be on here, to to give people
Speaker 7: knowledge on the.
Speaker 4: Personal and business credit.
Speaker 7: Man. I look forward to changing some lives today. Man,
Speaker 7: So let's get into it. Uh, those are you guys
Speaker 7: that that don't know me? My name is the credit dude,
Speaker 7: Jose Rodriguez. I served my country in the Marine Corps
Speaker 7: and now I'm serving the community through credit. I own
Speaker 7: a company called God Credit because you know, we're more
Speaker 7: more than just a credit repair company. It's it's it's
Speaker 7: it's there's a lot of power, as you guys can see,
Speaker 7: in education, in actual knowledge. And the thing is is
Speaker 7: it's not so much knowing how to fix your credit.
Speaker 7: It's it's I believe there's more power and learning what
Speaker 7: to do when you fix your credit and when you
Speaker 7: get your credit to a certain point.
Speaker 4: And that's what I'm here to teach you guys. You
Speaker 4: know what I mean.
Speaker 7: I think that a lot of people don't realize that
Speaker 7: even with a six eighty seven hundred credit score, you
Speaker 7: can make a lot of money, or you can start
Speaker 7: a business. You can still work you nine to five,
Speaker 7: and you can still do a lot of damage. And
Speaker 7: I think that one of the things that I really
Speaker 7: want people to understand is you don't need a perpose
Speaker 7: credit score, like you don't need an eight hundred. Stop
Speaker 7: chasing the you know, I make a joke all the
Speaker 7: time with the new balances.
Speaker 4: You know, you put the new balances on, you got
Speaker 4: a A fifty.
Speaker 7: The thing is is you don't need an a fifty,
Speaker 7: a eight hundred, even a seven fifty to really take
Speaker 7: your life to the next level. And the reason why
Speaker 7: is is because there's something called business credit. And business
Speaker 7: credit is one of those things where a lot of
Speaker 7: people may not understand it, but it's really easier than
Speaker 7: you think. But I always tell people, in order to
Speaker 7: truly understand business credit, you do have to have your
Speaker 7: personal credit on point, because this is the thing, how
Speaker 7: do you expect to manage business credit? How do you
Speaker 7: expect to still pay a credit card or or pay
Speaker 7: a all a loan on the business side, and line
Speaker 7: of credit and SBA loan or things like that, if
Speaker 7: you're ignoring your personal credit and and and so it's like,
Speaker 7: get your personal credit to a point where it's good.
Speaker 4: And then just use it and then just leave it,
Speaker 4: you know.
Speaker 7: Just leave it alone and use that to leverage more
Speaker 7: business credit. And so I'm gonna I'm gonna go over
Speaker 7: some topics today, guys. I have I have some powerpoints,
Speaker 7: but but I really want you guys and everybody watching
Speaker 7: to realize, like what what can a business credit card do?
Speaker 7: The thing is, you guys don't know what earn your
Speaker 7: leisure does you know that you guys do events everywhere,
Speaker 7: you know what I mean. You guys are are not
Speaker 7: even nationally, you guys all over the world, you know
Speaker 7: what I mean. So it's like, imagine not having the
Speaker 7: money right now to join or or buy a course
Speaker 7: that you guys offer, or attending event that you guys
Speaker 7: are throwing. But imagine if you throw. Imagine if you
Speaker 7: open up an LLC for the simple purpose of education,
Speaker 7: and that could be your business. Your business is you're
Speaker 7: educating yourself, and who knows what could happen when you
Speaker 7: attend and earn your leisure event but if you don't,
Speaker 7: if you didn't start that business, then you were afraid
Speaker 7: to find that perfect LLC and that perfect business, You're
Speaker 7: gonna be missing out on opportunities that could have you
Speaker 7: could have had if.
Speaker 4: You would attended an event a mastermind.
Speaker 7: And that's the thing is you having a business doesn't
Speaker 7: necessarily mean you have to have all this income coming in.
Speaker 7: You can still open up an LLC and reap the
Speaker 7: rewards of meeting meeting people in certain rooms, you know
Speaker 7: what I mean. And that is the thing is where
Speaker 7: I want to just touch base with you guys today.
Speaker 7: I'm gonna share my screen. That's cool, right to share
Speaker 7: my screen.
Speaker 4: A little bit, all right?
Speaker 6: Cool?
Speaker 7: So all right, guys, so got credit follow me on Instagram,
Speaker 7: you know, or you.
Speaker 4: Leave your hashtag the biggest all right.
Speaker 7: So when you guys come in here, so I always
Speaker 7: tell people, remember why you're here.
Speaker 4: Remember why, like remember why.
Speaker 7: You're a part of E Y L. And more importantly,
Speaker 7: you guys can see me good or see.
Speaker 4: The screen good?
Speaker 6: Yeah, you're good.
Speaker 7: Okay, Remember remember why you guys are here, and remember
Speaker 7: why you guys are doing everything with attending these these
Speaker 7: types of YouTube videos. Right, it's really become the person
Speaker 7: in your family that changes the way everyone moves.
Speaker 4: And you can do it.
Speaker 6: You go full screen for us, that would be great.
Speaker 4: Full screen. Okay, let me see it.
Speaker 7: Let me see all right, my bad share screen there
Speaker 7: you go.
Speaker 4: Okay, that's top. How's that?
Speaker 2: I mean, it's a it's still like the not the
Speaker 2: full thing, but it's all right, we manage it. See yeah,
Speaker 2: I think if you hit the presentation thing at the top.
Speaker 3: I gotcha.
Speaker 4: Yeah. This is this is this is the part that
Speaker 4: my VP does.
Speaker 7: Usually I don't this type of stuff because this is
Speaker 7: this is the marine inside of me, you know what
Speaker 7: I mean.
Speaker 6: Let me see if I might have clicked like slides
Speaker 6: show all.
Speaker 7: Right, slide yeah, I don't have like a present thing
Speaker 7: or anything like that.
Speaker 2: What I always all right, let me go back to zoom.
Speaker 4: Sorry about that, guys.
Speaker 7: This is sometimes why I don't do the proud points
Speaker 7: because it's like throws me off a little bit.
Speaker 3: All right, and.
Speaker 9: All right.
Speaker 7: So the thing is, guys, when it comes to your credit,
Speaker 7: I always tell people, remember why you're doing it, and
Speaker 7: remember the most important thing is it's not about yourself,
Speaker 7: Like you should never look at credit and and kind
Speaker 7: of be selfish.
Speaker 4: You should always look at.
Speaker 7: Credit as a as A as A as a as
Speaker 7: something bigger, like for your kids and for your grandkids. Right,
Speaker 7: And the goal is to make a business so that
Speaker 7: you can buy your time back with your family and
Speaker 7: become the best person you can be. Now, this is
Speaker 7: the thing. If it wasn't for credit, it kind of
Speaker 7: goes along with everything. If you have bad credit, if
Speaker 7: you have late payments, maxile credit cards, collection charge offs,
Speaker 7: you can typically look at the rest of your life
Speaker 7: and be like, something else just isn't right, you know
Speaker 7: what I mean.
Speaker 4: So if you get your your credit right, usually.
Speaker 7: Start going to the gym, you start buying better clothes,
Speaker 7: you start looking a little bit different, you start walking
Speaker 7: a little bit different.
Speaker 4: And that's the true power.
Speaker 7: And in something just something simple as credit, you really
Speaker 7: start to move different. Man.
Speaker 4: And and a lot of people are front of those
Speaker 4: store cards.
Speaker 7: But if you have good credit, you can afford maybe
Speaker 7: a little bit of to look a little bit better.
Speaker 7: Not more expensive clothes, right, but just have a better outfit.
Speaker 7: So that way, when you go to a networking event,
Speaker 7: and whatever the case is, it's really it's really all
Speaker 7: about mindset too.
Speaker 4: You know what I mean.
Speaker 7: I always tell people cash is king, but credit is
Speaker 7: the queen. And we all know who runs the castle,
Speaker 7: right at the end of the day, the queen runs
Speaker 7: the castle. And a lot of people think that cash
Speaker 7: is king, which it is, right, it is king. But
Speaker 7: it is easier to obtain one hundred thousand dollars in
Speaker 7: credit cards than it is to save one hundred thousand
Speaker 7: dollars in cash.
Speaker 4: And that's a fact.
Speaker 7: I can bet or do a versus with anybody on that,
Speaker 7: Dave Ramsey, whoever the case is right, it is a
Speaker 7: lot easier to build one hundred thousand dollars in credit
Speaker 7: than it is to save. So the goal is always
Speaker 7: to have forty five credit cards that each have twenty
Speaker 7: to thirty thousand dollars credit limits.
Speaker 4: And that'll completely change your life.
Speaker 7: Why because now you have that one hundred thousand dollars
Speaker 7: to start your business, to retire your mom, to hire
Speaker 7: your wife, and to do so many things that I
Speaker 7: did the same thing, you know what I mean, Like
Speaker 7: retire my wife, retire my mom. Right, my brothers worked
Speaker 7: for me, like my whole family, like you put everybody on.
Speaker 4: And it all started with credit.
Speaker 7: And it really started happening when I started doing a
Speaker 7: lot of business credit, you know what I mean. So
Speaker 7: just remember guys that there's a lot of power in credit.
Speaker 3: All right.
Speaker 7: Two things real quick that I always want to go
Speaker 7: over it because I do want people to understand that
Speaker 7: when it comes to your credit, if you're late, that
Speaker 7: can affect up to one hundred and ninety two point
Speaker 7: five points. And if you max out your credit cards,
Speaker 7: that's one hundred and sixty five points. I made a
Speaker 7: post on this the other day on Instagram. So if
Speaker 7: you max out a credit card and you're late, that
Speaker 7: can affect your credit score about three hundred and fifty points,
Speaker 7: you know what I mean.
Speaker 4: So make sure that you guys are still keeping that down.
Speaker 7: And this is why business credit is so powerful, and
Speaker 7: I'm gonna I'm gonna tell you guys why. All right,
Speaker 7: number this slide right here. Make sure you guys are
Speaker 7: monitoring your credit. You can go to god Credit Monitoring
Speaker 7: dot com to go ahead and monitor your credit for
Speaker 7: like twenty bucks a months. That's your personal credit. Okay,
Speaker 7: the business there's nav dot com, which I've talked about
Speaker 7: a lot. You want to get the business boost one
Speaker 7: and then D and B which is free to get
Speaker 7: your dun's number. All right, So guys, I know, I
Speaker 7: know I went a little quick there, But the thing
Speaker 7: is is you have to realize that one how credit works,
Speaker 7: and you always have to, always, always, always have to
Speaker 7: remember that a credit score is pretty much based on
Speaker 7: what you do on your credit. So if you're maxing
Speaker 7: out credit cards, if you're always late, if you're not
Speaker 7: paying on time, that is ultimately gonna hurt your credit,
Speaker 7: you know what I mean. And if you can't get
Speaker 7: that part down on the personal side, then when it
Speaker 7: comes to the business side, you're gonna think that doesn't matter.
Speaker 4: But maintaining on time payments, guys, is key.
Speaker 7: And the easiest way you guys can do that is
Speaker 7: put everything on autopage. One of the things that my
Speaker 7: mom first taught me when I got out the Marines
Speaker 7: is put everything on auto pay. Doesn't matter if it's
Speaker 7: a twenty five dollars payment or if it's a thousand
Speaker 7: dollars payment. Put everything on autopay and you can never
Speaker 7: be late. Right, So people like, oh, how do I
Speaker 7: prevent charge offs? Well, prevent late payments? How do I
Speaker 7: prevent late payments? Prevent a late payment by putting everything
Speaker 7: auto pay, you know what I mean. So it all
Speaker 7: starts with your habits in the beginning. To that way,
Speaker 7: you never get to the to the worst part possible,
Speaker 7: which is a charge off collection judgment, and then you've
Speaker 7: got to hire people like me.
Speaker 4: To help you out. But instead, if you teach your.
Speaker 7: Kids about automatic payments, your grandkids, your cousin Denise, like,
Speaker 7: you could really change a lot of lives just with
Speaker 7: the auto payment.
Speaker 4: And it's free, all right.
Speaker 7: So, as you guys know, there's been a lot of
Speaker 7: changes in the credit world and the credit space and
Speaker 7: things like that. One of the biggest ones, guys, that
Speaker 7: we've seen this year, which is pretty crazy, and I
Speaker 7: actually like it. A lot of people don't like it
Speaker 7: because it obviously if they're due credit repair, it's it's
Speaker 7: gonna affect their business. The thing is, guys, as of
Speaker 7: July of twenty twenty two, this is probably the biggest update.
Speaker 7: As of July of twenty twenty two, paid medical collection
Speaker 7: accounts are gonna come off the credit Okay, this is big.
Speaker 7: This is a lot of what I see when people
Speaker 7: hire us to like, yeah, I pay the collection accounts
Speaker 7: two years, a three years, ago. You know, I'm able
Speaker 7: to get a proof of credit cards and mortgages whatever
Speaker 7: the case is, but I just wanted off my credit.
Speaker 4: Well.
Speaker 7: The great thing is, guys, is now medical collections are
Speaker 7: gonna come off your credit if you pay them. That's powerful.
Speaker 7: Why because even after July of twenty twenty two, if
Speaker 7: you get a medical collection on your credit report and
Speaker 7: you pay it, you don't have to get that letter
Speaker 7: anymore that says, hey, will you remove this from my credit.
Speaker 7: This is gonna change the lives of so many people
Speaker 7: that were affected either by COVID you know, unfortunately, maybe
Speaker 7: had a surgery, a code pay, whatever the case is.
Speaker 7: So if you pay, if you have paid a medical
Speaker 7: collection right now, right, a lot of people are like, oh,
Speaker 7: I'm just gonna wait until July twenty twenty two to
Speaker 7: fix my credit. Like, don't wait, because that's like four
Speaker 7: months away. You still want to jump on still cleaning
Speaker 7: those blemishes.
Speaker 3: Now.
Speaker 2: The other thing is that's big, that's big, huge, it's huge,
Speaker 2: and the key word is paid.
Speaker 3: Right.
Speaker 6: They have to pay it off in order for it
Speaker 6: to come off correct.
Speaker 7: They have to pay it because back in the day,
Speaker 7: you have to if you pay the medical collection, it
Speaker 7: would still stay on there or yet work out an
Speaker 7: arrangement with that collection agency to remove it, which we
Speaker 7: all know doesn't always work, you know what I mean.
Speaker 7: The other thing is, which is which is probably my
Speaker 7: favorite thing of this is besides the paid collections, right,
Speaker 7: is that as of early next year of twenty twenty three,
Speaker 7: any medical collections that are under five hundred dollars won't
Speaker 7: even be reported. So if you have a medical collection
Speaker 7: that's four ninety nine, five hundred dollars and below, which
Speaker 7: is a copay which is maybe just you know, the
Speaker 7: co insurance or whatever the case is, even if it's unpaid,
Speaker 7: as of early of next year, those are not going
Speaker 7: to be reported anymore.
Speaker 3: Right.
Speaker 4: So that's my favorite part of this new medical bill
Speaker 4: that came out, is that.
Speaker 7: That's another thing that we see people with, you know,
Speaker 7: two hundred dollars collection, three hundred dollars collection, four hour collection,
Speaker 7: and it drops their credit score two hundred points, one
Speaker 7: hundred points, whatever the case is. And it's a copay. Man,
Speaker 7: I just forgot to you know, howny times. I forget
Speaker 7: to pay my cope all the time, like or they
Speaker 7: send me another bill. It happens guys, it's you know,
Speaker 7: we're human. We make mistakes, and I'm glad that the
Speaker 7: credit bureaus are not are not penalizing people anymore for that,
Speaker 7: you know what I mean. So the thing is is
Speaker 7: when it comes to that earlier next year, you're gonna
Speaker 7: start seeing those medical bills come off if they're under
Speaker 7: five hundred hours. Now here's the thing, guys, who are
Speaker 7: we talking about the credit bureaus. Do the credit bureaus
Speaker 7: really report accurate information? Absolutely not. Do the credit bureaus
Speaker 7: really do what they say they're gonna do, absolutely not.
Speaker 7: So don't expect this to be a home run automatically.
Speaker 7: You know what, July twenty twenty two, everything's gonna come off,
Speaker 7: and then early next year everything under five hundred is
Speaker 7: gonna come off.
Speaker 4: It is not gonna work that way.
Speaker 7: And I promise you that the credit bureas are gonna
Speaker 7: lag on it.
Speaker 4: They're not. They're gonna take their time.
Speaker 7: Right, But they do have like algorithms right where if
Speaker 7: it meets a certain criteria, it should fall off. But
Speaker 7: do expect to see some type of laves with that.
Speaker 7: And then the other third one when it comes to
Speaker 7: this is before it would be six months before a
Speaker 7: medical collection agency or a doctor or any medical provider
Speaker 7: can send your bill to collections. It will usually be
Speaker 7: six months. Now it's twelve months. So what that means
Speaker 7: is you have an extra six months to work out
Speaker 7: an arrangement with a medical bill to prevent it from
Speaker 7: going to collections. And I always tell people this, it
Speaker 7: doesn't matter what how much you have as a medical bill.
Speaker 7: Pay twenty five or fifty dollars a month and that's it.
Speaker 7: You never really want to put that on a credit
Speaker 7: card unless you know that you're going to pay it off,
Speaker 7: because now you're paying interest on something that you could
Speaker 7: have just made some payments on right So if you
Speaker 7: have medical bills right now, guys, and they're unpaid, it
Speaker 7: won't take into effect until July of twenty two for
Speaker 7: it to be twelve months. So reach out if you
Speaker 7: have medical bills, open your mail because I suck at
Speaker 7: that sometimes too, and just open the mail and start
Speaker 7: making arrangements so that way you don't have to hire
Speaker 7: someone to fix your credit. You don't mean pay the
Speaker 7: bills on time, keep your debt low, and the medical
Speaker 7: collections is the biggest thing is pay them off because
Speaker 7: as of July twenty twenty two, they're gonna come off
Speaker 7: your credit you know what I mean. Now, I'm not
Speaker 7: saying don't dispute it, right, you still have as a
Speaker 7: right as a consumer to dispute anything that you feel
Speaker 7: is inaccurate and and could be unverifiable. So still go
Speaker 7: after them if you feel like you know you're good,
Speaker 7: because it's the thing. If you're if you're a medical
Speaker 7: bill is unpaid and over five hundred dollars, even as
Speaker 7: of next year, it's still going to be on there,
Speaker 7: So you still want to you still want to take
Speaker 7: care of it, all right. The second thing is the
Speaker 7: Wells Fargo rank card that Rashad put on his Instagram.
Speaker 7: I think it's great you still do so Wells Fargo.
Speaker 7: Right real quick, I'm gonna wrote, Wells Fargo is a
Speaker 7: creditor that does pull experience. So there's Chase, and so
Speaker 7: does American Express. A lot of your creditors that drive
Speaker 7: like a high limit are gonna pull experience. So what
Speaker 7: does that mean? Even with this credit card? It is
Speaker 7: built off of this. It's called the built rewards, so
Speaker 7: be ilt rewards pretty much.
Speaker 4: They give you the credit card and through built is.
Speaker 7: Will you get the rewards and things like that that
Speaker 7: you can convert the cash and all that stuff, right,
Speaker 7: So you still need decent credit to do this.
Speaker 4: Now here's the thing.
Speaker 7: Be careful with this because even though the credit card
Speaker 7: does come with a limit and you can use it
Speaker 7: at certain places to pay your rent, if you max
Speaker 7: it out, it is going to drop your credit score. Okay,
Speaker 7: So just be careful with that that if you get
Speaker 7: you know, don't look at it as like, oh, man,
Speaker 7: I can pay three months of rent with this and
Speaker 7: then carry the balance, because there are going to be
Speaker 7: you know, penalties if you carry a high balance, and
Speaker 7: that penalty is going to be a lower credit score. Also,
Speaker 7: if it's like to my understanding, like let's say, if
Speaker 7: it's a place like you're renting from a house, right
Speaker 7: and they don't accept the credit card, right, and you're
Speaker 7: renting from like a landlord and things like that. A
Speaker 7: lot of places that are landlords, they don't either accept
Speaker 7: cash or money order. You can still pay with the
Speaker 7: credit card online and it'll mail them a check, you
Speaker 7: know what I mean. So that's pretty dope, but a
Speaker 7: lot of places probably won't accept it, Like your higher
Speaker 7: luxury in places they're gonna accept the Wells Fogle RNT card,
Speaker 7: which is good, but just remember that, you know, keep
Speaker 7: trying to keep the utilization low. So as soon as
Speaker 7: you pay your rent with that credit card, pay the
Speaker 7: pay the amount all so that way you don't carry
Speaker 7: a high balance. The two other things that that are
Speaker 7: probably one of the two of the most important things.
Speaker 4: Is to be careful.
Speaker 7: For guys, there's a lot of credit repair industry companies
Speaker 7: in this in this world right got credit can't do
Speaker 7: it all, you know what I mean. And I always
Speaker 7: say collaboration is bigger than competition, like how Matt says
Speaker 7: and anything like that. So guys, if you're doing credit repair,
Speaker 7: this is kind of like a warning. Not for me,
Speaker 7: and I'm not gonna put up the article to put
Speaker 7: anybody on blasts. But there was a company in Texas
Speaker 7: that was shut down for doing these two things, charging
Speaker 7: up front and providing their consumers tradelines. Okay, if you
Speaker 7: want to google it, I'm not going to bring it
Speaker 7: up because I don't feel like I don't want to
Speaker 7: do this on this platform where anybody that's on there,
Speaker 7: you know, the got in trouble.
Speaker 4: But just google it.
Speaker 7: FTC halts credit a pair company and it'll come up
Speaker 7: Federal Trade Commission, right, So just be careful with this
Speaker 7: because I know there's a lot of people that want
Speaker 7: to do credit. They want to do credit repair, and
Speaker 7: it's a really good industry to be in because you
Speaker 7: can change.
Speaker 4: A lot of lives.
Speaker 7: Just be careful with offering up front payments, meaning if
Speaker 7: you're charging people the same day that they sign up
Speaker 7: with you, just be careful with that, guys. And if
Speaker 7: you're enrolling with a company that charges the same day,
Speaker 7: be careful with that too.
Speaker 3: Right.
Speaker 7: There's usually a grace period as to when you can
Speaker 7: cancel and then you can charge that first payment or
Speaker 7: whatever the case is, and that's usually what the law allows,
Speaker 7: which is called CROW the Credit Repair Organizations Act, and
Speaker 7: then trade lines. Be careful with that too, you know
Speaker 7: what I mean. Like it's one of those things that
Speaker 7: you know, it's a grey area, but a lot of
Speaker 7: people that are getting in trouble are people that offer
Speaker 7: both up front payments and I'm not saying you can
Speaker 7: do either or if you're doing credit apair, just be
Speaker 7: careful because this industry, you know, it's it's I breathe
Speaker 7: and eat, and sleep it. So just be careful with
Speaker 7: doing things because not only a you're gonna be jeopardizing yourself,
Speaker 7: but I hate to see people get in trouble for
Speaker 7: stuff that could have been avoided, you know what I mean.
Speaker 4: So just just be very very careful with what.
Speaker 7: You're doing and how you're changing people's lives, because this
Speaker 7: industry can not only hurt the people that you're helping,
Speaker 7: but it could land you in jail. And you don't
Speaker 7: want to be the one that's in front of a
Speaker 7: newspaper or article that you got in trouble.
Speaker 4: Okay.
Speaker 7: The other thing with personal credit, you always want to
Speaker 7: use it to maximize for business credit.
Speaker 4: And that's what I mentioned before.
Speaker 7: All right, so guys, an alternative to building business credit
Speaker 7: to tradelines, Right, you guys can take a screenshot of this.
Speaker 7: I'm gonna give you guys my email address if you
Speaker 7: guys do want to copy the slides. All these cards, guys,
Speaker 7: are good cards to get to build credit. You gotta
Speaker 7: have a foundation, You gotta have some type of credit cards.
Speaker 4: You got to have something.
Speaker 7: You can't just expect the seven to fifty credit score
Speaker 7: with one credit card. Unfortunately, it's not the way it works.
Speaker 7: You can't expect to have an eight hundred credit score
Speaker 7: if you're eighteen, you know what I mean. You can't
Speaker 7: expect to have it an eight hundred credit score or
Speaker 7: seven fifty credit score if you're twenty seven thirty and you.
Speaker 4: Just started building your credit. You know what I mean.
Speaker 7: So these all, all of these accounts, guys take a
Speaker 7: screenshot of it self. Lender to save these account kickoff.
Speaker 7: They give you a five hundred dollars limit to buy
Speaker 7: something on their website. Grain it goes off of your
Speaker 7: checking account. Everybody should know who Capital one is. They
Speaker 7: give Starter Cards up to three thousand dollars, the Pedal
Speaker 7: Card up to ten thousand dollars, the Tomo Card Extra card,
Speaker 7: and the X one Those typically will go off of
Speaker 7: your bank account. So what does that mean? That means
Speaker 7: that if you have a personal checking account, which which
Speaker 7: believe it or not, a lot of people don't get
Speaker 7: a personal checking account, right If you owe money in
Speaker 7: check systems, if you ain't disputed it and you didn't
Speaker 7: and it didn't come off pay check systems. Check systems
Speaker 7: is the third party reporting agency that reports anything that
Speaker 7: you owe to banks and nowadays guys, our generation, our community.
Speaker 4: Right, they use cash app, they use Venmo.
Speaker 7: Why do you think they're putting all these protections and
Speaker 7: things like that on Venmo and cash apt because people
Speaker 7: were abusing it. Get a checking account. How do you
Speaker 7: expect to buy a house, get a mortgage, start a
Speaker 7: business if you don't have a checking account. Get a
Speaker 7: checking account. It's one of the sometimes the hardest things
Speaker 7: to do, but it's the easiest thing.
Speaker 4: To do, Okay. Pedal, Tomo, I mean a Tomo Extra
Speaker 4: card and X one.
Speaker 7: These are all credit cards that are typically going to
Speaker 7: approve you based on if if you have a really
Speaker 7: good checking account history and they don't run your credit.
Speaker 7: X one is the only one that runs your credit afterwards.
Speaker 7: And Solo's pedal, so they'll preapprove you. And if you
Speaker 7: get pre approved good these So if you look at
Speaker 7: it ten thousand, ten thousand, five thousand, five thousand, three
Speaker 7: thousand up up to Capitol one a thousand with grain,
Speaker 7: you're looking at twenty to thirty thousand dollars. Guys, and
Speaker 7: these startup credit cards. You don't need secure credit cards.
Speaker 7: You don't need to do tradelines. And this is the thing.
Speaker 7: A lot of people do tradelines because they're in patient. Guys,
Speaker 7: like you messed up your credit, you gotta wait, you
Speaker 7: know what I mean, You gotta wait your turn, Like
Speaker 7: you can't expect to have great credit overnight. Be a
Speaker 7: little bit patient, and I promise you that you're gonna
Speaker 7: get to where you gotta get to.
Speaker 4: Just put in the work, you know what I mean.
Speaker 10: You can't.
Speaker 7: There's no fast there's no pill to fast track good health.
Speaker 7: And there really is no secret letter or secret account
Speaker 7: that's gonna fast track you the good credit the right way.
Speaker 7: The last two accounts, guys, Pentagon Federal and Digital Federal
Speaker 7: Credit Union. These are two great accounts to have, especially
Speaker 7: if you're looking for a checking account and things like that.
Speaker 7: You could open up with five dollars and they give
Speaker 7: really good limits when it comes to even people that
Speaker 7: have subpart credit and subpart credit, guys, is like six
Speaker 7: hundred and six to twenty things like that. All right,
Speaker 7: So those ten accounts, guys, should get you to a
Speaker 7: point where if you have no credit at all, those
Speaker 7: are ten accounts that you can use right now to
Speaker 7: apply for credit.
Speaker 8: Take a screenshot for the ones that say bank account
Speaker 8: is like is there a minimum minimum you need to
Speaker 8: have inside the account, like maybe five hundred or a
Speaker 8: thousand dollars to get approved.
Speaker 7: It's crazy because I've seen people with no money in
Speaker 7: the account.
Speaker 4: But have good history get approved.
Speaker 7: And then I see people that have two thousand dollars
Speaker 7: in the bank one time and then have negative history before.
Speaker 4: So it's as long.
Speaker 7: As you don't have like a lot of negative balances
Speaker 7: in the bank account, you should be good. But you
Speaker 7: typically want to have at least a little bit of
Speaker 7: cash in there for when you apply.
Speaker 4: So that way, the can you know, give you a
Speaker 4: good limit perfect, you know what I mean. And then
Speaker 4: and then the.
Speaker 7: Thing is, if you don't have a bank account, get
Speaker 7: one with Pentagon Federal or Digital Federal Credit Union. You
Speaker 7: could do these all online and then open up a
Speaker 7: bank account, throw some money in there, do your direct deposit,
Speaker 7: and then apply apply with X one extra and Tomo
Speaker 7: and boom, now.
Speaker 4: You've got three credit cards.
Speaker 7: Like a lot of clients are getting a proof of
Speaker 7: fifty five hundred, ten thousand, you know what I mean,
Speaker 7: seventy five hundred. That's a game changer right there, because
Speaker 7: now you have access to credit that you didn't have
Speaker 7: to do with the tradeline or or a secure credit card.
Speaker 7: The worst thing you can do is get a secure
Speaker 7: credit card for five thousand dollars.
Speaker 4: Don't don't ever think you need to do that. All right,
Speaker 4: So guys, get.
Speaker 7: Your personal credit up, and guess what. If you have
Speaker 7: good personal credit, you can pre qualify with Wells Fargo,
Speaker 7: Bank of America, Chase, Capital One, American Express, Discover and
Speaker 7: they'll you could just go on their website, right on
Speaker 7: each of these companies websites and say, hey, I want
Speaker 7: to pre qualify before I actually apply for you. Next thing,
Speaker 7: you know you have good credit, Boom. Now you get
Speaker 7: a thirty thousand dollars Chase card, a fifteen thousand dollars Discover,
Speaker 7: three or four American Express cards.
Speaker 4: Boom. Now you're building.
Speaker 7: Your personal credit up so that way, when you start
Speaker 7: building business credit, it's a complete game changer, you know
Speaker 7: what I mean. It's a complete it's a complete, complete
Speaker 7: game changer, guys.
Speaker 4: And with business credit, here's the thing. When you when
Speaker 4: you really start.
Speaker 7: Focusing on the business credit and you get your personal
Speaker 7: credit to a point where it's good. Like I said,
Speaker 7: six eighty seven hundred guys, it doesn't need to be perfect.
Speaker 7: You really start moving differently, You really start to attract
Speaker 7: different people in your life because you're on a different mindset. Right,
Speaker 7: if you're focused on attending masterminds and attending events, going
Speaker 7: to invest vests, going to ear and you leisure workshops, right,
Speaker 7: and you might not have a business yet, but you're
Speaker 7: paying to get in certain rooms.
Speaker 4: You start try.
Speaker 7: Like you start looking at the people you grew up with, like, man,
Speaker 7: this guy hasn't done nothing like the last ten years.
Speaker 7: No wonder why I'm not even doing anything because I'm
Speaker 7: I'm around the wrong people. And and your credit can
Speaker 7: literally get you into rooms that you never thought possible.
Speaker 7: But your credit can get you in there. Why you
Speaker 7: can sponsor something. You can get a high level VIP ticket,
Speaker 7: you can travel first class and meet something like you
Speaker 7: know how many people I've met in the first class
Speaker 7: that were doctors, that were pharmacists, that were this, and
Speaker 7: they're like, yo, man, here's here's my car. Like I
Speaker 7: want to improve my credit. You know, I have a
Speaker 7: lot of medical debt or I have a lot of
Speaker 7: student loans. And you never know who you're gonna meet. Right,
Speaker 7: And with business credit, you can leverage your personal credit
Speaker 7: for higher limits. So, like I was saying before, it's
Speaker 7: easier to build one hundred thousand dollars credit.
Speaker 4: So imagine if you build your personal.
Speaker 7: Credit to like thirty or forty thousand dollars limits, you
Speaker 7: get to a certain point and then boom, you open
Speaker 7: up your LLC. Now you start traveling, you start going
Speaker 7: to earn your leisure events, you start going to masterminds,
Speaker 7: you start attending different events, and then there you're like,
Speaker 7: you know what, Wow, man, I'm tieding by nine to five.
Speaker 7: I already have my credit set up. I already have
Speaker 7: my business credit set up. I already have a one hundred
Speaker 7: thousand dollars on credit cards available. You know what, I'm
Speaker 7: gonna quit my nine to five.
Speaker 4: And this is the thing.
Speaker 7: Sometimes we hate our job so much that we stay
Speaker 7: there though, because we don't have anything else to do.
Speaker 4: Well, guess what, guys.
Speaker 7: Credit is a thing that can help you with making
Speaker 7: that decision to start your business. And it doesn't necessarily
Speaker 7: have to be Turo, Airbnb or real estate. There's so
Speaker 7: many other businesses that you can get into with your credit.
Speaker 7: The thing is, you can literally hide your credit card
Speaker 7: debt so now imagine you put all your credit debt
Speaker 7: on your business credit cards.
Speaker 4: When a mortgage lender runs your.
Speaker 7: Credit, you have no debt, but you have sixty thousand
Speaker 7: dollars on your business credit side. And a lot of
Speaker 7: people say, like, I don't really need five Amases, I
Speaker 7: don't need two Americans, I don't need this. Well, guess what,
Speaker 7: your credit score does need it. Because you can get
Speaker 7: these credit cards and still pay for the same things
Speaker 7: that you will with a personal credit card. Put it
Speaker 7: on the business side, and then now when you go
Speaker 7: get a house, you have zero debt. You qualify for
Speaker 7: a bigger house. You qualify your debt to income ratio
Speaker 7: was lower, and you're in a better position. You also
Speaker 7: maximize your loan approvals. Your all the loan approvals.
Speaker 3: Right.
Speaker 7: So now the crazy thing is is, over the last
Speaker 7: like four years, guys, I had high interest all the
Speaker 7: loans because my debt was high. I'm not afraid to
Speaker 7: admit it. The credit dude had a high credit card debt.
Speaker 4: And you know what I mean. I'm human, you know
Speaker 4: what I mean.
Speaker 7: But when I've really started with business credit, everything started
Speaker 7: shifting to my business credit side. And now all I
Speaker 7: have on my personal credit report is one auto loan.
Speaker 7: As you guys know, Range Rover. They still require to
Speaker 7: do a personal guarantee in the business and things like that,
Speaker 7: so it still shows up on my personal credit but
Speaker 7: every other car that I have is on my business side.
Speaker 7: So when I went for this house that I just bought,
Speaker 7: my income did not change. My income was the same
Speaker 7: from twenty seventeen. But guess what changed my debt. I
Speaker 7: had zero credit card debt and I had one auto loan,
Speaker 7: which was the range Rover, right, So that means that
Speaker 7: I was pre approved for like I think it was
Speaker 7: like three times the amount because I had no debt
Speaker 7: and I was able to prove that the range Rover
Speaker 7: I had was being paid for my business checking account,
Speaker 7: so that way they excluded that from my debt to
Speaker 7: income ratio. So it literally I had zero debt, I
Speaker 7: had my wife's income, I had my via income, zero
Speaker 7: money down, and then the money that I had from
Speaker 7: selling the other house, I was able to get the
Speaker 7: house of my wife dreams, you know what I mean.
Speaker 7: And that was all because I was able to hide
Speaker 7: all my debt on my business credit side. And then
Speaker 7: a lot of stuff becomes a business right off, you
Speaker 7: know what I mean. And my favorite part, guys about this,
Speaker 7: and it really is my favorite thing about business. And
Speaker 7: if it's my favorite thing about business owning.
Speaker 4: A business is health insurance. What do a lot of
Speaker 4: people in our community not have access to health insurance?
Speaker 7: Why because either their job doesn't do it or they
Speaker 7: don't think that they can get health insurance.
Speaker 4: Well, guess what.
Speaker 7: One check with your accountant and check for your attorney,
Speaker 7: right because I'm not an attorney and I'm not an accountant, right.
Speaker 7: But get in the LLC, get your EI in, get
Speaker 7: everything set up, and if you have a family, you
Speaker 7: can get health insurance through your LLC. They don't ask
Speaker 7: for income, they don't ask for anything when you get
Speaker 7: your health insurance. Right, I was paying I think eighteen
Speaker 7: hundred dollars for just Kelly and Payton when I was
Speaker 7: getting insurance through the private market.
Speaker 4: When I started doing it through the LLC.
Speaker 7: Now it's a thousand dollars, like a eleven hundred dollars
Speaker 7: a month from me Kelly and Payton. And my insurance
Speaker 7: is top notch, to the point to where when I
Speaker 7: had COVID and I was sick in the hospital, people said,
Speaker 7: do you work in the hospital. I'm like, no, why
Speaker 7: because we've never seen anybody with this health insurance. This
Speaker 7: is the health insurance that we have as hospital employees.
Speaker 7: My insurance is on point, you know what I mean,
Speaker 7: And it's all through my LLC.
Speaker 4: So now what happens. Every single payment.
Speaker 7: That I make for my health insurance through my business
Speaker 7: is one hundred percent right off. When you have health
Speaker 7: insurance your nine to five job and they take it
Speaker 7: out of your paycheck, that's.
Speaker 4: Not a write off. That company's writing it off.
Speaker 7: Well, now if you have health insurance and you get
Speaker 7: an LLC, you can write that off. And that's what
Speaker 7: I'm saying. Just check with your account, check with your attorney,
Speaker 7: because this is a big benefit also to getting a
Speaker 7: business right, So guys, start that LLC right.
Speaker 4: Creating an LLC is a lot cheaper than you think.
Speaker 4: You have a lot of resources.
Speaker 7: You go to legal Zoom as attorneys in in earn
Speaker 7: your leisure right, or you can just go on your
Speaker 7: webs on the state website and do it yourself, you
Speaker 7: know what I mean. Use your personal credit to secure
Speaker 7: higher limits and then just leave your personal credit alone
Speaker 7: because there's a lot of power and business credit. Guys,
Speaker 7: there's so much power that you think, all right, high limits.
Speaker 4: You can get a line of credit.
Speaker 7: There's a there's a company called Fundbox f U N
Speaker 7: D b o X Fundbox that you can apply for
Speaker 7: a line of credit with them and they'll say, hey,
Speaker 7: you can either get a line of credit or we'll
Speaker 7: give you a loan and you can choose which one
Speaker 7: you want, and it's all based off of the revenue
Speaker 7: that's going into your business. Right, and there's another company
Speaker 7: called blue Vine. Right, so let me just I could
Speaker 7: type this in right quick so you guys can make
Speaker 7: sure you spell it right.
Speaker 4: Is Fundbox.
Speaker 2: Let me just let me just add while you're typing
Speaker 2: in Jose great information. Everybody, hit the like button. Hit
Speaker 2: the like button, show me important. If you're on your phone,
Speaker 2: just hit the X and you can see the like button.
Speaker 2: But I'll add to this business credit conversation, it is
Speaker 2: very very important business credit. As you said, the limits,
Speaker 2: Like I'll take my own personal example, or have like
Speaker 2: an eight hundred credits.
Speaker 3: Or something like that.
Speaker 2: And I don't know how much personal credit card limits
Speaker 2: I have. But let's say all together, it's like I
Speaker 2: don't know fifty thousand something like that, just throwing the
Speaker 2: number out there. But on the business side, it's pretty
Speaker 2: much on limited. So we have like an AX we
Speaker 2: have two Amex cards, one for Eyo University, one for
Speaker 2: Ernie Leisure, and it started with like they each started
Speaker 2: with like fifty thousand dollars limits and then as we
Speaker 2: use them now I don't know what the limit is.
Speaker 3: What is there a limit?
Speaker 6: Now it's like they actually we got on the phone
Speaker 6: with them last week.
Speaker 8: They actually called us because you know, they sort of
Speaker 8: the points that were accumulated and like, look, you guys
Speaker 8: could actually get more. And so I know it's probably
Speaker 8: six figures at this point because of.
Speaker 2: Meaning, so we we spend probably close to one hundred thousand,
Speaker 2: maybe over one hundred thousand dollars a month on these
Speaker 2: credit cards. Now it is extremely important to be financially
Speaker 2: responsible because like the cards that we have, we pay.
Speaker 2: We have to pay every single month. So it's not
Speaker 2: like a a gimmick where you can just you know,
Speaker 2: run up a business credit card.
Speaker 3: You still got to pay it.
Speaker 2: So don't use the credit card if you can't pay it, right,
Speaker 2: that's financial literacy responsibility, But it gives you so much
Speaker 2: more leverage than personal credits because I still don't have
Speaker 2: that kind of limit on my personal side, and I
Speaker 2: have excellent credit SCRD and I've had these credit cards
Speaker 2: for years, like over ten years, and we just got
Speaker 2: the MX cards last year and.
Speaker 3: We have over six figures that we can use.
Speaker 2: Like you know, I brought by my watches, about all
Speaker 2: my watches on a credit card because that's the only
Speaker 2: way that I can do it. Other than that I
Speaker 2: have to get like a whole like process to actually
Speaker 2: get you know, a certified check from the bank, and
Speaker 2: you know, you can't take out that kind of money
Speaker 2: from the bank, and it's a whole headache. So I
Speaker 2: could just use my MX card. Then I just pay
Speaker 2: it back right away and just transferred from my personal
Speaker 2: account to the to the business account. So having a
Speaker 2: business credit card gives you so much leverage, and as
Speaker 2: long as you use it responsibly, they up your they
Speaker 2: up your limits all the time.
Speaker 7: Yeah, yeah, man, no, man, I definitely think you hit
Speaker 7: the nail on the head with that.
Speaker 9: You know.
Speaker 7: The great thing about American Expresses, you know, I started,
Speaker 7: you know, everybody knows I found bankruptcy. American Express was
Speaker 7: in my in my thing, in my bankruptcy, whatever the
Speaker 7: case is. I finally got my credit cards back in
Speaker 7: twenty twenty. I got two of them back, and then
Speaker 7: last year I applied for six more, so I got
Speaker 7: eight MX's And when I got those other six, they
Speaker 7: started me with ten thousand dollars precess spending limits, so
Speaker 7: there was no limit butt a. You get a precess
Speaker 7: spending limit of how much you can spend per card,
Speaker 7: and right now, and that was July of twenty twenty one.
Speaker 7: We're in March of twenty twenty two and I'm already
Speaker 7: at like one fifty per card, you know what I mean.
Speaker 7: So this personal credit is not going to do that,
Speaker 7: just like Rashad said. And the great thing is you
Speaker 7: don't need it to use your run run your business
Speaker 7: credit up, so now you can actually get like imagine
Speaker 7: if you have with four cards two hundred and fifty
Speaker 7: thousand dollars each, that's a million dollars in credit. Like
Speaker 7: you can't where can you get a million dollar loan?
Speaker 7: Where can you get a million dollar line of credit?
Speaker 7: Your credit and your business credit is going to lie
Speaker 7: do it just like you said, man, just be careful
Speaker 7: when you run that up. Just make sure you pay
Speaker 7: it off, because you know you don't want to mess
Speaker 7: up your relationship with the American Express at all in
Speaker 7: any type of way.
Speaker 8: Yeah, I just I just add real quick goes because
Speaker 8: when just sold that story about business credit, I actually
Speaker 8: opened up my own LLC probably like maybe eight six
Speaker 8: to eight months ago. And because on your episode when
Speaker 8: I talked about being a personal guaranteur and having a
Speaker 8: line of credit through my parents, right, like I was
Speaker 8: an authorized user and so my.
Speaker 6: Credit history was so long.
Speaker 8: When I opened up my own LLC, the first thing
Speaker 8: they said was like, would you like a line of credit?
Speaker 8: I'm like, all right, fine, I'll just take it. When
Speaker 8: I applied for it, they automatically qualified me for fifty
Speaker 8: thousand just because of my history. Like I haven't even
Speaker 8: used the card, but just to know that I have it.
Speaker 8: This is one of those things like when you're responsible
Speaker 8: and as parents, if we're responsible and you have your
Speaker 8: kids as authorized use it and help build their credit
Speaker 8: when they go to open up the LC, that all
Speaker 8: that's going to count, right because it's a new business,
Speaker 8: so you're using you as a personal guaranteur at first,
Speaker 8: but if the credit is good, these type of things
Speaker 8: can happen.
Speaker 7: Yeah, And I think think a lot of people are
Speaker 7: scared of the word personal guarantee because they're like, oh,
Speaker 7: I want to build business credit without my credit. I'm like, well,
Speaker 7: you got to start somewhere, and if you can use
Speaker 7: your like if they say, hey, man, you got good credit,
Speaker 7: we'll give you fifty grand, Like, give me that all day.
Speaker 7: So don't be afraid to use your personal credit as
Speaker 7: leverage to get business credit because that's truly like how
Speaker 7: you're going to do it the right way with getting
Speaker 7: those high limits.
Speaker 9: Man.
Speaker 4: So that's dope, man. Congratulations, love to hear something like that. So, guys,
Speaker 4: the two.
Speaker 7: Companies that I said is Fundbox and Blue Vine. Those
Speaker 7: are two places guys that you can get a line
Speaker 7: of credit and even a loan even if you have
Speaker 7: subpar credit, right, but as long as you have some
Speaker 7: type of revenue coming through the business, you can do it.
Speaker 4: And the other area, guys, that's really good. I don't
Speaker 4: you know. I recommend Chase. I love Chase.
Speaker 7: I think they're one of the best bank accounts out
Speaker 7: there for business just because they're national and if you
Speaker 7: need anything, you can always if you're in Texas or California.
Speaker 7: You could always access to Chase Bank, right but Bank
Speaker 7: of America has a pre dope program. You open up
Speaker 7: a business checking account with Bank of America, you know,
Speaker 7: you deposit money, whatever the case is, use money, and
Speaker 7: typically after ninety days they will they will offer you
Speaker 7: a line of credit as well.
Speaker 4: And that's just access to cash. So what can you
Speaker 4: do with a line of credit? A lot of stuff.
Speaker 7: Imagine if Bank of America, Blue Line and FunBox each
Speaker 7: KB thirty thousand. Imagine if that's ninety grand right there.
Speaker 7: Imagine if each American Express Card gave you twenty five
Speaker 7: thousand to start boom, that's another one hundred thousand.
Speaker 4: Next thing you know you're at. You're at almost a half.
Speaker 7: A million dollars between personal credit, business credit, lines of
Speaker 7: credit net thirties.
Speaker 4: It's endless, you know what I mean?
Speaker 7: And that is truly like if I would have had
Speaker 7: even five thousand dollars when I opened my business, it
Speaker 7: would have been a game changer.
Speaker 4: I had nothing.
Speaker 7: I had no I have five hundred bucks, you know
Speaker 7: what I mean. So the other thing too, guys, with purchasing.
Speaker 4: The equipment, what do you need?
Speaker 9: You need?
Speaker 4: You need a computer.
Speaker 7: You need a MacBook, you need an iMac, you need
Speaker 7: photography equipment, you need a TV, you need microphones.
Speaker 4: Guys, you can do that with Apple and Dell. And
Speaker 4: the other one too that I forgot to put here
Speaker 4: as well is Amazon.
Speaker 7: Amazon offers net thirty accounts and also invoice accounts, so
Speaker 7: you could actually go on Amazon. I think everything's on Amazon.
Speaker 7: You can even buy food, clothes, whatever the case is.
Speaker 7: Amazon will actually also offer you a business credit card,
Speaker 7: not the American Express one, okay. Actual Amazon has like
Speaker 7: a store account that you can get. And imagine if
Speaker 7: now you want to start a photography business, you want
Speaker 7: to start a video editing business, you want to start
Speaker 7: any business. You need equipment, you need a computer, you
Speaker 7: need good equipment. Dell, Apple and Amazon are three places
Speaker 7: that you can literally get credit, okay. And if you
Speaker 7: got to use a personal guarantee to get it, it's okay,
Speaker 7: it doesn't matter. And also, guys, the other one, you
Speaker 7: guys can just google this. Walmart is it's called Walmart
Speaker 7: Community Card. They're giving right now, the Walmart Community Business Card, okay,
Speaker 7: is giving right now. I believe it's anywhere between five
Speaker 7: to ten thousand dollars. I think everybody goes to Walmart.
Speaker 7: I don't really don't know anybody that doesn't go to Walmart. Okay,
Speaker 7: but Walmart will give you anywhere between five to ten
Speaker 7: thousand dollars, no personal guarantee.
Speaker 4: So this is another great credit card to have to build.
Speaker 7: Your business credit. What do they have at Walmart? Bestarts
Speaker 7: closing food? They have TVs, they have video equipment, they
Speaker 7: have cameras, they have iPhones, they have you know, blenders,
Speaker 7: they have everything, pots and pans. If you're a cooking
Speaker 7: you want to start a cooking business, whatever the case is,
Speaker 7: if you want to start a bakery business is endless.
Speaker 4: Guys.
Speaker 7: You got to think outside the box when it comes
Speaker 7: to starting a business, and that's truly what business credit does.
Speaker 7: It allows you to think outside the box. Net thirty
Speaker 7: accounts are great, right, I still love Net thirty accounts.
Speaker 7: I've done a lot of videos for aerin your Leisure
Speaker 7: on which type of Net thirty accounts to get. There's
Speaker 7: the U lines, there's those type of credit cards with guys.
Speaker 7: Gas cards is a game changer, like like, look, I
Speaker 7: just got that.
Speaker 4: This is one of the credit cards I have.
Speaker 7: It's called Fuman, right, Feuman gave me twenty five thousand
Speaker 7: dollars credit card.
Speaker 4: You know what I mean?
Speaker 7: What what you need, what you're gonna get. You ain't
Speaker 7: gonna use twenty five thousand dollars in gas, you know
Speaker 7: what I mean. But the great thing is is if
Speaker 7: you have sales reps, if you have drivers, if you
Speaker 7: have other people working for you, whatever the case is,
Speaker 7: gas is expensive. But if you that's a business expense. Hey, everybody,
Speaker 7: he's a gas card. Whatever the case is. Now gas
Speaker 7: is not an option. Hey, go to this event, do this,
Speaker 7: do whatever the case is. And it's a revolving credit card.
Speaker 7: So even if you max it out, it doesn't matter
Speaker 7: because that business credit card debt is on the business side,
Speaker 7: it's not on your personal credit. So even if you
Speaker 7: run up five thousand dollars in gas, but you know
Speaker 7: you're gonna make it back and going to the events
Speaker 7: and dropping off merch and doing this, whatever the case is,
Speaker 7: it's okay. So anytime you go to a gas station,
Speaker 7: look at the actual credit cards of what they accept,
Speaker 7: whether it's wex, Feman whatever, fleet cars they accept seventy six,
Speaker 7: whild WAT seven to eleven quick Check all these places.
Speaker 4: Have gas cards.
Speaker 7: So if you eat there and you put gas in
Speaker 7: your car, why not get a gas.
Speaker 4: Card from the places? Next thing, you know, you get
Speaker 4: a sturt. Beat's right off.
Speaker 7: Because you're going there to put gases at the same time,
Speaker 7: all right. And then the last thing, guys, is putting
Speaker 7: the vehicles in your business name.
Speaker 4: If you are.
Speaker 7: Watching this and you're never gonna get a business, this
Speaker 7: is the thing a lot of people say, once again,
Speaker 7: get where your account, get with your attorney. Oh, if
Speaker 7: you don't actually have a revenue or whatever the case is,
Speaker 7: you can't really put a car in your business.
Speaker 4: There are certain places that.
Speaker 7: Still will that will still do it if you have
Speaker 7: strong business credit or you use your personal credit as
Speaker 7: a guarantee. Now, not every place is gonna do it, obviously,
Speaker 7: with some places you still gotta show bank statements.
Speaker 4: You just gotta sell personal credit.
Speaker 7: But trying to get like a you know, a car
Speaker 7: that's under like sixty seventy thousand dollars, they typically won't
Speaker 7: really bug you for a lot of paperwork, and you
Speaker 7: can use that to put touro, you can use that
Speaker 7: to rent out.
Speaker 4: You know, it's endless.
Speaker 7: So don't think that just because you don't have a
Speaker 7: business right now. But you need a car to get
Speaker 7: to start a business, or to drive to an EYL
Speaker 7: event or to drive to a networking event.
Speaker 4: If you ask me, that's you're starting.
Speaker 7: You're starting your business and you can still become an
Speaker 7: entrepreneur without having any revenue coming into your your bank account.
Speaker 4: All right, guys, So if you.
Speaker 7: Guys want to connect with me on Instagram, all right,
Speaker 7: the credit dude, You guys can just click the link
Speaker 7: in my bio or schedule a call with us if
Speaker 7: you guys can extra help. But if you guys become
Speaker 7: a part of e y L. You guys know this
Speaker 7: open enrollment. You guys get me every month and I
Speaker 7: love to educate. I love to educate, so you know,
Speaker 7: join the e y L guys and you guys have
Speaker 7: get me educating you guys every month as well.
Speaker 2: No, I appreciate that. Appreciated, brothers. So were about to
Speaker 2: go into the question and answer part. But before we
Speaker 2: do that, can you just briefly talk about for anybody
Speaker 2: I know we talked about it before before. Anybody that
Speaker 2: may be new haven't heard of it. The NAV and
Speaker 2: duns and brash you yep.
Speaker 7: So, so NAB dot com guys is uh na v
Speaker 7: dot com is the business credit monitoring uh plot, I
Speaker 7: guess I can say. So, you guys know, there's credit Karma,
Speaker 7: there's ECHOFAX monitoring, there's Experience Monitoring, things like that. So
Speaker 7: nav dot Com provides the business credit monitoring for each
Speaker 7: business credit report. There's EQOFAX, Business, Experience Business, and then
Speaker 7: there's You're done in Bradstreet. Right, So when you sign
Speaker 7: up for nav dot com Business Boost and you make
Speaker 7: your monthly payment to them, it's like forty bucks a month,
Speaker 7: they actually will report a payment to each of the
Speaker 7: business credit bureaus, so that way it actually activates each
Speaker 7: of your business credit profiles. If you have no business credit,
Speaker 7: so imagine you pay Experience dot Com thirty dollars a
Speaker 7: month and they report that payment to the personal credit
Speaker 7: reports to build your credit. It doesn't happen, it doesn't exist,
Speaker 7: but on the business side it does. We're done in Bradstreet.
Speaker 7: That is pretty much the biggest business credit reporting agency
Speaker 7: like Equifax, Experience, TransUnion, it's just the biggest one for
Speaker 7: the business side. And they have what's called the Dun's number,
Speaker 7: A Dune's number is kind of like your social kind
Speaker 7: of like your.
Speaker 3: E I N.
Speaker 7: It just classifies you as a business and it's kind
Speaker 7: of like your reporting number. So a lot of times
Speaker 7: when you apply for business credit, they're gonna ask you
Speaker 7: for a DUNS number and you can go on DMB
Speaker 7: dot com and get it for free. You don't got
Speaker 7: to pay anybody to do it. You don't got to
Speaker 7: pay dun and Bradstreet to do it. It's all free.
Speaker 8: So when when we talk about business credit, I mean
Speaker 8: when we talk about personal credit, we know that the
Speaker 8: score range goes from what three fifty to maybe a
Speaker 8: fifty right, So obviously in the business side, how is
Speaker 8: that score translated?
Speaker 3: Is different?
Speaker 8: I know, does D and B doesn't report, doesn't report
Speaker 8: the same way because it's like the E I N number.
Speaker 6: How does that score get calculated?
Speaker 7: So on the on the business on the Dune and
Speaker 7: brad Street it goes from zero to one hundred.
Speaker 4: So that's the pay that score. It goes from zero
Speaker 4: to one hundred.
Speaker 7: And typically if you pay your bills on time, you
Speaker 7: know how you have like zero thirty days before you
Speaker 7: can be late earlier early that you pay with dun
Speaker 7: and Bradstreet or the accounts that report the dune in
Speaker 7: brad Street.
Speaker 4: You either could get a ninety or one hundred.
Speaker 7: So if your bill comes in today and you pay
Speaker 7: it today, you're on track to get one hundred, right,
Speaker 7: But as long as you pay your bills within thirty days,
Speaker 7: which is the net thirty, you get an eighty on experience,
Speaker 7: it's called the Intella score, and that also goes up
Speaker 7: to one hundred. Experience also has like a risk factor
Speaker 7: of one to five, so you want to make sure
Speaker 7: that you're closer to one, and how do you get
Speaker 7: closer to one? Pay your bills on time, try not
Speaker 7: to max anything out, and that.
Speaker 4: Goes up to one hundred. Equifax business typically goes up.
Speaker 7: To like five eighty, so you really, you know a
Speaker 7: lot of people are like, oh man, my Echofax score
Speaker 7: is five hundred, Like you're fine, that's okay. That they
Speaker 7: only go up to five eighty anyway, so you're typically
Speaker 7: good and that's it. So it is a little bit
Speaker 7: of different algorithms and that's why nab dot com is
Speaker 7: so great because it gives you each of your business
Speaker 7: credit scores every month, and as you're applying for credit,
Speaker 7: net thirties, gas cards, all and loans whatever the case is,
Speaker 7: those will start hitting NAB dot com and you'll start
Speaker 7: seeing your business credit score go up.
Speaker 6: Perfect and Transusion doesn't participate in the business side.
Speaker 4: Nah, they just never got into it, Okay.
Speaker 2: So yeah, just so this is all the information that
Speaker 2: you never learned in school, and most of us just
Speaker 2: never learned period. And you go through life and you
Speaker 2: just are ignorant to this stuff because you just don't
Speaker 2: know it right, and it's not something that you usually
Speaker 2: are having a conversation with because usually your social environment
Speaker 2: it's very similar. People hang out with people similar to themselves.
Speaker 2: So millionaires hang around with millionaires. Billionaires hanging around with billionaires.
Speaker 2: People that's struggling to living day to day they hang
Speaker 2: around people are struggling living day to day. It's not
Speaker 2: something that's wrong with you, but it's just that's just
Speaker 2: what it is, right, And.
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Speaker 2: If you are living day to day, you are living
Speaker 2: paycheck to paycheck, you are just you know in that
Speaker 2: then that this isn't a conversation that you're really having.
Speaker 2: The conversations that you have in is a lot different
Speaker 2: than this, right, So the whole point is to actually,
Speaker 2: you know, expand your mind, even even if you don't
Speaker 2: have the friends circle that you might necessarily.
Speaker 3: Need to build.
Speaker 2: That's why we created a community where you can actually
Speaker 2: learn and get this insight, get this information, and even
Speaker 2: if you can't really fully understand or grasp everything at
Speaker 2: one time, what happens is that it's like learning a
Speaker 2: foreign language. The more you hear, the more you actually
Speaker 2: are around an environment with encouraging people, then that actually
Speaker 2: becomes more comfortable for you. So it's like anything that
Speaker 2: you do, you know, the people that you surround yourself,
Speaker 2: the information that you surround yourself with is going to
Speaker 2: determine your future. So you can, you know, watch reality TV,
Speaker 2: gossip or you know, indulge in all kinds of negativity
Speaker 2: and that's what most people do, and that's why most
Speaker 2: people will never reach the level of success that they
Speaker 2: want or you can, you know, do it very few
Speaker 2: people do. With you know, you surround yourself with positivity
Speaker 2: and education and that is really the key to unlocking
Speaker 2: your true potential in life. So that's what we did
Speaker 2: with Eyo University. As far as you know, we created
Speaker 2: a system, I mean early leisure periods a platform to learn,
Speaker 2: and eyl University is just an extension of that, just
Speaker 2: you know, pretty much on steroids where it's a community
Speaker 2: where you know, anybody can watch a podcast, anybody could
Speaker 2: be on social media, but if you're part of a community,
Speaker 2: you in zoom. We have accountability groups, we have you
Speaker 2: know groups that infinity groups inside of it. We have
Speaker 2: I do financial planning calls every single month with a
Speaker 2: couple hundred people that's tapped in. They get to ask
Speaker 2: questions and the next part of what we're going to
Speaker 2: do is different than like just what we do on
Speaker 2: a podcast where now this is actually like an interactive
Speaker 2: you know, situation where you can ask questions that's specific
Speaker 2: to your your individual question as opposed to trying to
Speaker 2: DM somebody or hit somebody in the comments. We know
Speaker 2: how hard that is to recall to answer to that,
Speaker 2: so you know, earn your leisia. We have over a
Speaker 2: hundred and fifty archive classes. We do classes every single week.
Speaker 2: We do financial planning, we do real estate, we have
Speaker 2: groups and it's just it's a community. We're gonna do
Speaker 2: live events just for eyl University members. So last time
Speaker 2: we did this, we had dropped the price to six
Speaker 2: ninety nine for the entire year, and we kept that
Speaker 2: running actually all the way to this. So that will
Speaker 2: change on Friday, because I'm gonna let everybody that here
Speaker 2: is if on the audio, We're gonna put it out
Speaker 2: on audio on Friday. But after that it'll go back
Speaker 2: up to it'll still be a discount. It'll be one
Speaker 2: thousand dollars for the whole entire year. I mean, I
Speaker 2: think that's I mean, you know, so.
Speaker 8: I said, I always am baffled by that, Like I've
Speaker 8: had some messages with my books more than that.
Speaker 2: No, it's not even it's I mean, it's not even
Speaker 2: a sales pitch. It's like, you know, if you want
Speaker 2: to be a part of it, six ninety nine for
Speaker 2: the whole year. If not, then you know, we still
Speaker 2: love it. You just you just get the free information
Speaker 2: that we just put out on YouTube. It's not it's
Speaker 2: not for everybody. It's no pressure, but that's just you know,
Speaker 2: it is what it is. So yeah, I think we
Speaker 2: that we put together one of the most impressive bodies
Speaker 2: of works that has ever been put together, and you know,
Speaker 2: at a price that is is almost free. If you
Speaker 2: really look at it from that standpoint, you know. So, yeah,
Speaker 2: I put the link in the description. We could put
Speaker 2: put the link in the uh it's penned on YouTube.
Speaker 2: Also if you want to take advantage of that. So
Speaker 2: I guess it's like forty eight hours until Friday, you
Speaker 2: can take advantage of that. Yeah, we love to see you.
Speaker 2: On the other side, we're working on a couple other
Speaker 2: things too that fully going to take eyl University to
Speaker 2: the next level. But let's get to the questions. This
Speaker 2: is my favorite part of this whole situation, where people
Speaker 2: get to ask questions.
Speaker 8: I'm back at it. I'm back at Let's see if
Speaker 8: I still got it. Soya, we're coming to you. Toya,
Speaker 8: I'm mute yourself. You've been unmuted. What's going on?
Speaker 5: Hi? Everybody?
Speaker 6: How you doing?
Speaker 3: How's it going? Oh good?
Speaker 12: I had put my questions in it Q and A,
Speaker 12: but I'll just ask like one, okay, So, as far
Speaker 12: as credit cards is it is it a bad thing
Speaker 12: to carry a zero balance on your card for a
Speaker 12: long period of time? I asked, because I've had two
Speaker 12: credit cards that I have for like eight years, and
Speaker 12: they just, like you know, at one point they reduce
Speaker 12: the limit because they said I hadn't been using them.
Speaker 12: So is it better to like keep that ten percent
Speaker 12: on there or to have a zero balance nowadays?
Speaker 4: Yep, So I do see that happen happening a lot.
Speaker 7: And I always tell people, you know, keep your credit
Speaker 7: cards on auto payment, right, and then if you know,
Speaker 7: you don't have to use every single credit card and
Speaker 7: max every single credit card out, but in order to
Speaker 7: prevent them from closing or lowering the limit on a
Speaker 7: credit card that's eight years old, five year old, what
Speaker 7: the case is. Makes And let's say if it's a
Speaker 7: store card, buy a shirt, buy a suit, and then
Speaker 7: it's on auto pay, so you know the whole thing
Speaker 7: is gonna be paid off in less than three days. Right,
Speaker 7: if it's a credit card you could use anywhere, and
Speaker 7: it's an old credit card, buy a stick of gum,
Speaker 7: buy milk, whatever the case is. You don't necessarily have
Speaker 7: to have a zero, zero, zero balance on a card,
Speaker 7: just specially that you're using, right. But the more you
Speaker 7: use a card, the higher limit you're gonna get, so
Speaker 7: eventually your credit score is going.
Speaker 4: To be higher.
Speaker 7: But with those credit cards that are kind of like
Speaker 7: BS credit cards, but you don't want to close them
Speaker 7: because of the history.
Speaker 4: Just leave them on all to pay, use them every
Speaker 4: once in a while.
Speaker 7: But also don't be afraid to use the credit cards either,
Speaker 7: if you know that that credit card is going to
Speaker 7: produce some type of return on an investment. If you
Speaker 7: have a ten thousand dollars credit card and you know
Speaker 7: that you can make twenty thousand dollars by using that
Speaker 7: ten grand, I'm gonna use the ten grand all day,
Speaker 7: and who cares if I carry a balance for thirty days,
Speaker 7: because I'm gonna get twenty thousand dollars paid off.
Speaker 4: And then you get a business credit card or whatever
Speaker 4: the case is.
Speaker 7: And that's the power what I'm saying, Like, if you
Speaker 7: get the business credit cards, it really doesn't matter how
Speaker 7: much you charge on it. But with the personal cards,
Speaker 7: put them on all to pay, use them every once
Speaker 7: in a while so that way they don't close them.
Speaker 6: Out, and you can use them for specific things.
Speaker 8: Like I'm a huge sneakerhead, and so I have an
Speaker 8: Amazon card has great rewards on it. I use it
Speaker 8: only for my ideas that like, I don't use it
Speaker 8: for anything else, and I don't buy Adidas too often.
Speaker 8: But if I do, it's just like I know that
Speaker 8: that's that credit card and it's on all the play
Speaker 8: so it's like boom, and then it builds up my
Speaker 8: points with them, and then so now I get access
Speaker 8: to a certain advantage, get access to early drops. So
Speaker 8: you could just have the credit card specifically for one thing.
Speaker 2: Yeah, it happened to me where they close the credit
Speaker 2: card and drop my credit score a little bit because
Speaker 2: I wasn't using it.
Speaker 3: So I'm gonna ask a question.
Speaker 12: Yeah, that's that's what happened to me too, Like it
Speaker 12: dropped my script my score, and I'm like, WHOA. I
Speaker 12: thought I was good because I have a zero balance.
Speaker 2: Yeah, but I mean it should go up. It should
Speaker 2: go back up pretty quickly though, right, Jose, Like, that's
Speaker 2: not something that's going.
Speaker 3: To hurt you in a long term.
Speaker 4: What if they lower the limit, if.
Speaker 3: They if they cancel your credit card because you're not using.
Speaker 7: It, Yeah, it could potentially hurt you because what you're
Speaker 7: doing is is you're lowering the available credit that you've.
Speaker 4: So what I say with that is if you have
Speaker 4: if they close that card.
Speaker 7: Out, kind of count your l it's a loss because
Speaker 7: if you try to reopen that card, they will run
Speaker 7: your credit. Another thing you could do is just visit
Speaker 7: the other credit cards that you have and see if
Speaker 7: those credit cards will give you a higher limit. Because
Speaker 7: if you're worried about inquiries, which I tell people, don't
Speaker 7: be afraid of them, because you have to run your
Speaker 7: credit sometime.
Speaker 4: But all you got to do is really just visit
Speaker 4: the other credit.
Speaker 7: Cards you have and see if they'll give you a
Speaker 7: limit increase, because that's a better option to do if
Speaker 7: they already close that card, because it's not the age
Speaker 7: of the account, but you don't have the available credit
Speaker 7: in that account.
Speaker 2: And then also the reason why it closed my account
Speaker 2: because I had I think I had too many credit
Speaker 2: cards and it was just it was too much to
Speaker 2: use them all. So a lot of them I just
Speaker 2: didn't use. So my next question is how much how
Speaker 2: many credit cards should you actually have?
Speaker 4: I tell people it really depends. Man.
Speaker 7: I mean I have here on my desk right, and
Speaker 7: this is just some of my cards. Everybody's different. I mean,
Speaker 7: these are all credit cards right here, right, These are
Speaker 7: all credit cards right here right. I mean I have
Speaker 7: like three bundles of credit cards. They all they all
Speaker 7: paid on time, some of them maxed out. I went
Speaker 7: to Disney that two credit cards are maxed out for
Speaker 7: my wife's birthday. The thing is is as long as
Speaker 7: you do not carry balances for a long period of
Speaker 7: time and they're late. I've seen people with forty credit cards,
Speaker 7: fifty credit cards, you know what I mean, as long
Speaker 7: as it becomes a business at that point trying to
Speaker 7: manage it all. But I always tell people, as many
Speaker 7: you can handle, but just don't get all those forty
Speaker 7: credit cards in a year. You're gonna have to build
Speaker 7: it up, you know, every couple of months, apply for
Speaker 7: a credit card here and there. So as long as
Speaker 7: you don't have inquiries, you know, four inquiries a month
Speaker 7: and then late payments and max doll cards. I tell
Speaker 7: people take advantage of as many credit cards as you can,
Speaker 7: hint as you can and handle.
Speaker 4: Because what if what if you lose your job one day?
Speaker 7: What if you know, something happens, and if you have
Speaker 7: hundred thousand dollars in credit cards, but you know you
Speaker 7: can only make the minimum payment that might save you
Speaker 7: from losing your house, from losing your car, or.
Speaker 4: Whatever the case is.
Speaker 7: So use credit still as also as a resource as
Speaker 7: a saving in case something bad happens.
Speaker 4: And so I always tell people.
Speaker 7: As many as you think you can handle, that you're
Speaker 7: not gonna max out. And that's a very broad question
Speaker 7: because I don't want people to be afraid to have
Speaker 7: twenty credit cards, you know what I mean, because it
Speaker 7: could save you one day.
Speaker 6: We appreciate you, Joeya, thank you. Yeah, all right, let's
Speaker 6: see where we go. Rachel, Rachel, we are.
Speaker 3: Coming to you.
Speaker 6: Mute yourself. You've been on muted? What's going on?
Speaker 5: Hello?
Speaker 6: Hey, how you doing?
Speaker 3: What's going on?
Speaker 9: Oh?
Speaker 13: I didn't know y'all were gonna pick me. I was
Speaker 13: just looking at the show. I didn't know you were
Speaker 13: gonna pick me.
Speaker 3: You got a question?
Speaker 13: Oh but I do have a question. But I always
Speaker 13: I just wanted to say this real quick. I just
Speaker 13: wanted to say that I just thank you guys for
Speaker 13: doing what you're doing. Because when I was like growing up,
Speaker 13: I'm like forty now, but when I was like in
Speaker 13: my twenties, you know, I had a good job. I
Speaker 13: worked for corrections or whatever, but I never knew this
Speaker 13: type of stuff. So now that I know, I'm like
Speaker 13: catching up. And I joined the I joined the stock
Speaker 13: club and everything and got my house. I just want
Speaker 13: to say that you guys are really help me. That's
Speaker 13: all I have to say.
Speaker 6: Hey, Rachel, thank you, and I want you to save
Speaker 6: forty with pride. I want you saying that like that.
Speaker 13: Yeah, retired, I retired from my job and forty I got.
Speaker 5: Into real estate.
Speaker 13: I did all these great things, but I had no
Speaker 13: one to like back me. I found you guys, and
Speaker 13: now I'm like it's on and popping.
Speaker 6: I love it.
Speaker 3: Thank you, appreciate that.
Speaker 13: But my question is real quick, what's the best what
Speaker 13: do you in your in your suggestion, what's the best
Speaker 13: bank to start your business?
Speaker 9: Credit in your business? Excuse me?
Speaker 13: Your business checking account?
Speaker 4: Say that? Say that one part again business?
Speaker 3: What's the bank? What's the best bank for business checking? Yes?
Speaker 4: I love Chase.
Speaker 7: I just love Chase because Chases chases everywhere and if
Speaker 7: God forbid, you're on vacation and you're applying for a mortgage,
Speaker 7: your business bank account, or a loan or whatever the
Speaker 7: case is, and they need something, Chase, Chase is usually
Speaker 7: everywhere and it's very accessible.
Speaker 4: So that's why I like Chase.
Speaker 8: Concur right like that, that's kind of who we use
Speaker 8: as well, we both had personal accounts there and so
Speaker 8: when we open the business just made sense that they
Speaker 8: can see all our finances is really streamlined. So that's
Speaker 8: who we use as well.
Speaker 3: So Chase, Yeah, I use Chase. It's got a lot
Speaker 3: of accounts for Chase.
Speaker 2: But I will say that it is important to diversify
Speaker 2: your banks because even I have an online capital one
Speaker 2: savings account, you never know, you never know what can happen,
Speaker 2: and you know they freeze your account.
Speaker 3: Anything is possible.
Speaker 2: So especially as you grow more assets, it's never it's
Speaker 2: not a bad idea to diversify and have You don't
Speaker 2: want to have like thirty different bank accounts, but you
Speaker 2: might want to have a few different, few different accounts
Speaker 2: for a few different institutions.
Speaker 6: Yeah, I agree with that too. Yeah, thank you, Thank you, Rachel,
Speaker 6: and congratulations on retiring.
Speaker 13: Thank you, thank you very much.
Speaker 8: All right, Rachel, Rachel from New York. You know we
Speaker 8: ain't got to ask down to the city. Let's see,
Speaker 8: let's go to Tony. We coming to you, Tony K
Speaker 8: were coming to you. What's going on? I'm mute yourself,
Speaker 8: you've been unmuted.
Speaker 6: What's up?
Speaker 5: All right? What's going on? Brothers. How you guys doing
Speaker 5: this evening?
Speaker 14: All right, good good. I'm gonna make it real quick.
Speaker 14: I just got two quick questions for you. I think
Speaker 14: you're already coveted earlier, but I just want.
Speaker 5: To make sure.
Speaker 14: So I was trying to apply for business credit and
Speaker 14: this company asks for a personal guarantee. So is that
Speaker 14: going to affect my personal credit? Is it going to
Speaker 14: show up that I'm applying for business credit? Is that
Speaker 14: going to mess me up personally?
Speaker 4: Or would you mind me asking who the company is?
Speaker 5: A company called Cabbage.
Speaker 7: Yes, Cabbage actually will run your credit, and they're actually
Speaker 7: going to run experience.
Speaker 4: It is going to be a hard inquiry. But here's
Speaker 4: the thing. If that account is going to.
Speaker 7: Give you access to thirty forty fifty sixty thousand dollars,
Speaker 7: I say go for it. You know what I mean,
Speaker 7: because you're securing that not only with your business checking account,
Speaker 7: but also they will run your personal credit and that's
Speaker 7: like a line of credit, kind of like fund the
Speaker 7: box and Blue Viney.
Speaker 5: Gotcha? Okay?
Speaker 6: All right?
Speaker 14: Second quick question is I've been established for about maybe
Speaker 14: eight years with my LLC, and I'm trying so hard
Speaker 14: to get business credit like right now, I think I
Speaker 14: got two credit cards, one Chase which is about maybe
Speaker 14: seventy five hundred, then I got American Express which is
Speaker 14: about nine thousand. What is the best bank to go
Speaker 14: to at this point with someone that's bringing in about
Speaker 14: maybe thirty five forty thousand business wise with those two
Speaker 14: credit cards and trying to maximize my business credit?
Speaker 5: Is there like a institution that you can kind of
Speaker 5: direct me to for that?
Speaker 4: What do you mean you're bringing in that a month
Speaker 4: or you're talking about.
Speaker 3: Like a year? Like a year right now? Right, that's
Speaker 3: how much this business is making a year.
Speaker 4: Okay, So so you want to know where you can
Speaker 4: go to what to leverage more credit or more credit cards.
Speaker 14: I'm looking to go to a place where I can
Speaker 14: get more credit, like a line of credit, Like I
Speaker 14: want to try to get like, you know, seventy five
Speaker 14: to one hundred thousand line of credit.
Speaker 7: Okay, yeah, No, So what you might have to do
Speaker 7: is you might have to because of the income you
Speaker 7: have coming in, you might have to apply for certain
Speaker 7: lines of credit. Right, so you might have to go
Speaker 7: to you already went to Cabbage, right, You're gonna have
Speaker 7: to go to a phone box you're gonna have to
Speaker 7: go to Bluevine. You're gonna have like, like I was
Speaker 7: saying before, Bank of America is a good place. Who
Speaker 7: do you bank with right now?
Speaker 4: For business?
Speaker 5: I'm actually with Chase Chase my bank right now.
Speaker 4: Chase Chase does have some products that you can apply for.
Speaker 7: They do, like you know, asks for a little bit
Speaker 7: more information, but just you might just have to get
Speaker 7: a few more credit cards too, because at the end
Speaker 7: of the day, what are you looking to do with
Speaker 7: that line of credit and that cash. Are you looking
Speaker 7: to invest it to buy more things? Or you're just
Speaker 7: looking to have it as a backup?
Speaker 14: No, like I'm looking to actually invested, Like I want
Speaker 14: to buy, you know, some real estate and get into
Speaker 14: some other business ventures.
Speaker 5: Okay, business credit?
Speaker 7: Yeah, So I mean if you your credit sounds like
Speaker 7: it's good because you know, you have a Chase and
Speaker 7: you have some Madax, I will say, you know, log
Speaker 7: into your American Express account.
Speaker 4: Number one and try to get at least six to eight.
Speaker 7: American Express cards right on the business side, because you know,
Speaker 7: when was the last time you got an American Express card?
Speaker 5: Man, I would say about three years ago.
Speaker 7: Oh yeah, man, so you should you should log into
Speaker 7: your AmericanExpress dot com right and apply for more business
Speaker 7: credit cards. They won't run your credit since you have
Speaker 7: a relationship with them, right and and now that will
Speaker 7: give you access to more credit. When was the last
Speaker 7: time you got a Chase credit card the one that
Speaker 7: you have?
Speaker 14: Oh well I got that when I opened up the account,
Speaker 14: and that was about maybe eight years ago.
Speaker 4: So and that's a chase In card.
Speaker 5: That's the Chase In card.
Speaker 7: Right, well, then get another Chase In card since it's
Speaker 7: been that long since you got it. So now you
Speaker 7: got Chase Ink, you got you can get up to
Speaker 7: six American Express credit cards with no injury.
Speaker 4: You got Cabbage, you got Blue Vine, you got.
Speaker 7: Fun Box, And I think, man, I think that'll be
Speaker 7: enough to get you started where it's actually giving you cash.
Speaker 4: And that's just the credit right away.
Speaker 5: Perfect, perfect, all right, I appreciate it. Thank you guys.
Speaker 6: That man appreciate you, Tony.
Speaker 5: All right, brother, Yeah, that's a lot.
Speaker 6: Let's see. Let's see. Uh, let's go to Morgan. We're
Speaker 6: going to Morgan. What's going on? Morgan? I meet yourself.
Speaker 6: You've been unmuted, that was going tell us?
Speaker 3: How you do?
Speaker 6: I think good? Are you.
Speaker 15: I'm all right, just for the credit dude. So I've
Speaker 15: seen the class that you did about the American Express
Speaker 15: cards and I actually did it. I got I think
Speaker 15: I got four cars that night. My question is those
Speaker 15: cars that I got and I also have already did
Speaker 15: the Bank of America and I got a car in
Speaker 15: Bank of America in my business name. But none of
Speaker 15: this is reporting on my NAV credit report. Like I
Speaker 15: got the app, I downloaded the app, I'm paying for
Speaker 15: the service and everything, but none of it has posted.
Speaker 15: And I've had the car and the Bank of America
Speaker 15: card for over a year. The credit cards to American
Speaker 15: Express I've only had for probably like three or four months.
Speaker 15: But I'm just trying to figure out how to close
Speaker 15: that gap. Like I was trying to walk through all
Speaker 15: of the things that you said and crossing all of
Speaker 15: my tea's out my eyes, but it's something that I'm missing.
Speaker 7: Okay, So one, congrats with getting those credit cards and
Speaker 7: things like that. When it comes to those those credit
Speaker 7: cards the American Express, they won't really report to done
Speaker 7: in Bradstreet. Those are typically going to report to Experience
Speaker 7: your auto. You say you got the business all the
Speaker 7: loan already too.
Speaker 15: Yeah, I got that through Bank of America.
Speaker 7: Okay, that one should that one should be reporting to
Speaker 7: dun In Bradstreet and Experience. Now, usually what I tell
Speaker 7: people is this, when it comes to your business credit,
Speaker 7: what you want to make sure you have. You want
Speaker 7: to make sure that your state has the right information
Speaker 7: for the address, the E I N with the with
Speaker 7: the I R s your bank account, and then with
Speaker 7: all the credit cards, the done in Bradstreet Experience business
Speaker 7: and then also your all a loan.
Speaker 4: You want to make sure everything.
Speaker 7: Has the right address right because if they're if you
Speaker 7: don't really have a profile with dun In Bradstreet or
Speaker 7: any of the business credit burea set up with the
Speaker 7: current business address and it's an old one a lot
Speaker 7: of the times it.
Speaker 4: Won't catch you know what I mean.
Speaker 7: So what you want to do is just revisit all
Speaker 7: of the accounts that you have on the business make
Speaker 7: sure they all have the current address, especially it should
Speaker 7: be a business address if you don't have a virtual office,
Speaker 7: whoever the case is, and then just contact each of
Speaker 7: those credit cards and all alone and everything and say, hey, listen,
Speaker 7: you know I've had this account for X amount of time,
Speaker 7: and it's not reporting.
Speaker 4: But what you also want to do is you also
Speaker 4: want to make sure that you're.
Speaker 7: Still building the net thirties, the gas cards, you know,
Speaker 7: the Staples, the Amazon things like that, because a lot
Speaker 7: of the times, even if you have if you don't
Speaker 7: have enough accounts, a lot of the times it also
Speaker 7: won't report your credit score on the business side either.
Speaker 7: So start pumping up your business credit with more than
Speaker 7: with just with more than just those accounts, and see
Speaker 7: what difference it makes in sixty to ninety days.
Speaker 15: Okay, I haven't. I haven't done the net thirty somebody
Speaker 15: just told me to do that as well. But so
Speaker 15: that that I haven't did the rest of it, I've done.
Speaker 15: But okay, thank you, no.
Speaker 6: Problem, man, appreciate you Morgan, Yes, all right.
Speaker 2: And if anybody's asking Eyo University, that's the Zoom people
Speaker 2: that have access to the Zoom, same people that like
Speaker 2: that's how you see on market Mondays too, that's the
Speaker 2: people that have the Zoom access.
Speaker 6: Let's go toinally what's going on? I'm you yourself, You've
Speaker 6: been unmuted. What's up?
Speaker 15: Hey?
Speaker 3: I was going going on?
Speaker 6: I appreciate everybody doing. It's so punctual with the call.
Speaker 16: On appreciate no fridge berries, no fridge breaking. I have
Speaker 16: two questions. Hell say, I have a question about an
Speaker 16: LLC that I have Right I opened it up, it's
Speaker 16: almost a year old. I haven't used it for its
Speaker 16: intended purpose, and so I have some other business opportunities
Speaker 16: and I want to keep the age of my LLC
Speaker 16: as well as my credit card that I opened up
Speaker 16: in the LLC even though I haven't done anything with
Speaker 16: it yet. So how do I preserve the age of
Speaker 16: the LLC as well as preserve the card that I have, Like,
Speaker 16: because I'm coming up also on my renewal, Like can
Speaker 16: I just change like the name and like update the
Speaker 16: info and keep it?
Speaker 6: Like how do I do that?
Speaker 10: Yep?
Speaker 4: So what you want to do is you do want
Speaker 4: to get with an attorney with that, just to make
Speaker 4: sure that.
Speaker 7: You're able to do because it depends like if you
Speaker 7: if you have like a pizzeria and you're trying to
Speaker 7: do a consulting business, you might not be able to
Speaker 7: change the name of it and do the same thing,
Speaker 7: you know what I mean. So what I would say
Speaker 7: with that, one hundred percent of the time, get with
Speaker 7: an attorney that you know, or LegalZoom dot com, whatever
Speaker 7: the case is, and just make sure that when you're
Speaker 7: changing the name and changing the actual business of what
Speaker 7: you're going to be doing, that you're able to do
Speaker 7: it and that you're not going to get like in
Speaker 7: any type of like you know, if there's a business license,
Speaker 7: you got to get over the case is. And that's
Speaker 7: one of the reasons why I always tell people kind
Speaker 7: of have like a blanket LLC name, like you know,
Speaker 7: Rodriguez Management LLC, and you can typically do several things
Speaker 7: under that LLC and not really have to change the name.
Speaker 7: But it's like if you name your business, you know,
Speaker 7: Rodriguez Painting, but you want to do landscaping, that's kind
Speaker 7: of like where if you would have just named it
Speaker 7: Rodriguez LLC Rodriguez Management LLC and then DBA Rodriguez Painting,
Speaker 7: Rodriguez Landscaping, Rodriguez whatever, you're still able to kind of
Speaker 7: do things under the same umbrella. But like I always
Speaker 7: tell people, get with an attorney because you know, every
Speaker 7: state varies.
Speaker 4: And you just never want to get hung up. And
Speaker 4: even if you got to.
Speaker 7: Lose the age of the account of the LLC, you
Speaker 7: might have to you know what I mean to to
Speaker 7: make sure that you're you're doing everything by the books,
Speaker 7: legit and within the law that the state that you
Speaker 7: live in.
Speaker 16: Yeah, I was worried about the next code. I thought
Speaker 16: if I just changed the next code in the name,
Speaker 16: I could do it. But I'll researched that some more.
Speaker 5: I appreciate that.
Speaker 16: My other question is, so for the credit cards that
Speaker 16: we apply for, right, I used your chips as well
Speaker 16: on one of our calls and I was able to
Speaker 16: get a couple of AMEX cards and I got my
Speaker 16: Chase in cars, So that worked the beautifully, right. But
Speaker 16: my question is if I'm the personal guaranteur right on
Speaker 16: these business accounts and it's not like true business credit
Speaker 16: because it's not in the night Yan, Right, they ran
Speaker 16: my social and it's in my business name, but I'm
Speaker 16: the PG.
Speaker 10: So do the same.
Speaker 16: Apply on these cards as your personal credit as far
Speaker 16: as like if you max out the card on your
Speaker 16: personal credit cards, it would harm you because the utilization
Speaker 16: works against you. So is it the same if you
Speaker 16: apply for a credit card in your business name and
Speaker 16: you're the personal guaranteur? Is it those same rule or
Speaker 16: is it the business rules where utilization doesn't matter.
Speaker 4: So that's it's a very question.
Speaker 6: It's gonna meets you real quick.
Speaker 7: Now, yeah, that's a very it's it really does depend
Speaker 7: because you know your your business credit utilization doesn't matter
Speaker 7: as much as your utilization and.
Speaker 4: The personal side. But if you have all of your business.
Speaker 7: Credit cards maxed out and you're not paying your net
Speaker 7: thirties on time, that is going to eventually hurt you.
Speaker 7: But if you have two or three, like you know,
Speaker 7: I have met I have maxed out credit cards on
Speaker 7: the business side, that's and I hide the debt and
Speaker 7: it's not going to hurt you as much when you
Speaker 7: apply for more credit cards as long as your personal
Speaker 7: debt isn't maxed out if you're using that as a
Speaker 7: personal guarantee. So remember if you're always if you're going
Speaker 7: to be using your personal credit as a guaranteur for
Speaker 7: business credit, typically your personal credit is going to have
Speaker 7: a bigger factor on your approval than anything on the
Speaker 7: business side. So even if you don't have the income
Speaker 7: the business credits for the age, whatever the case is,
Speaker 7: as long as your personal credits on point, that will
Speaker 7: typically be good. But if you do max out the
Speaker 7: business side as well. It typically is not going to
Speaker 7: hurt you as much as if you had maxed out
Speaker 7: credit cards on the personal side of that ants question.
Speaker 6: Okay, Natalie, Hopefully that did. Hopefully that did real quick.
Speaker 8: We got one in the chat. Shout to all the
Speaker 8: earners that's in the chat. We see a lot of hands.
Speaker 8: We don't try to get as many as possible. It
Speaker 8: was somebody's rg's having a mic issue said, my husband
Speaker 8: bought a car last month under a personal credit but
Speaker 8: he wants to transfer ownership in.
Speaker 6: His LLC as his EI in number. How can we
Speaker 6: do this by transferring over? Can you do it?
Speaker 3: Is a question.
Speaker 6: I'm assuming I think you got muted.
Speaker 3: My bad guys.
Speaker 4: You guys mind if I share my stream right quick
Speaker 4: and show you guys how to do that? Or do
Speaker 4: you guys?
Speaker 6: Yeah? Yeah, I'll come free good Okay, So what you.
Speaker 4: Guys are gonna do, I will drop. All you gotta
Speaker 4: do is search.
Speaker 7: Business is Bank of America, Bank of America Business Auto loan. Okay,
Speaker 7: so let me go ahead and share my screen.
Speaker 3: Business.
Speaker 4: Allo.
Speaker 7: All you gotta do is business, I mean Bank of
Speaker 7: America Business all the loan right, This link is gonna
Speaker 7: come up. I will put it in the chat section
Speaker 7: for everybody that's here, okay, and if anybody wants to
Speaker 7: drop that on the YouTube channel as well. But when
Speaker 7: you go here, right, all you gotta do. If it's
Speaker 7: in the personal name, all you're gonna do.
Speaker 3: Apply.
Speaker 4: Now, it's a refinance. Put the loan is this? Is
Speaker 4: it a Bank of America or the loan?
Speaker 7: If it is, it is. If it's not, putting no,
Speaker 7: put the amount fifty thousand dollars, the loan term seventy
Speaker 7: two months, sixty months, whatever the case is. Do you
Speaker 7: have an online account? No, I like to continue without
Speaker 7: logging in. Put the ven number, look up the vehicle,
Speaker 7: follow the directions and boom, and you can typically refinance
Speaker 7: the car that's on your personal credit and put it
Speaker 7: into your LLC, even if your LLC is new. Bank
Speaker 7: of America will typically allow up to four auto loans
Speaker 7: per LLC.
Speaker 4: So what does that mean? They will run your experience credit?
Speaker 9: Right?
Speaker 3: But check it out?
Speaker 7: You will you you were going to run your credit
Speaker 7: anyway on the personal side to refinance it to get
Speaker 7: a lower payment. So now imagine and if you have
Speaker 7: you guys just said you guys have Uyo University, and
Speaker 7: then your leisure right.
Speaker 4: That's eight. That's eight all the loans that you can
Speaker 4: get with Bad America.
Speaker 6: That is a bar.
Speaker 8: I just I just went through this process too, and
Speaker 8: they were trying to tell me. I won't say the dealership,
Speaker 8: but they were saying that I couldn't do that. I
Speaker 8: had to get it in my business name off the
Speaker 8: like once I did it. So that's a big bar.
Speaker 8: And in addition to that, and I know you said
Speaker 8: it earlier, one of those things is obviously you're going
Speaker 8: to be a personal guaranteur because your business is so new,
Speaker 8: if it's so new, but making sure that you make
Speaker 8: your payments in your LLC's name, because, like you said,
Speaker 8: when you're trying to get a home, that debt to
Speaker 8: income ratio, you need to prove that, hey, they're going
Speaker 8: to look at that loan, that loan amount, they're going
Speaker 8: to count towards your debt to income if you can
Speaker 8: prove that your business is paying for it. Like you
Speaker 8: said it earlier, I just want to reiterate it. It
Speaker 8: wipes it away. It doesn't count towards your debt to income.
Speaker 8: So make sure that when you get it in the
Speaker 8: LLC's name. Make sure that payments consistently are coming from
Speaker 8: the LLC, and then when it's time that if you're
Speaker 8: trying to get a home and get a mortgage, you
Speaker 8: can show those payments and have that payment here to
Speaker 8: prove that it's not really a part of your death income,
Speaker 8: your personal death income.
Speaker 3: Absolutely.
Speaker 6: Yeah, yeah, yeah, all right, let's go to Franklin.
Speaker 3: We coming to you.
Speaker 6: Franklin. What's going on? I mute yourself, you've been unmuted?
Speaker 6: What's up?
Speaker 9: Hey, how you guys doing. Appreciate everything on the culture
Speaker 9: and Jose fellow service member as well, So appreciate all
Speaker 9: the game giving out. I got a question as far
Speaker 9: as like trying to begin the process for getting business credit. So,
Speaker 9: like I said, I'm in the military, excellent credit score.
Speaker 9: I checked my AMEX cards to see I'm a spending
Speaker 9: part head and it was over six figures. I know
Speaker 9: you mentioned that, like with all the financial literacy education
Speaker 9: that we're doing and stuff, that is something you could
Speaker 9: potentially start an LLC for people in the conferences spending
Speaker 9: money that way. Can you elaborate that, collaborate that a
Speaker 9: little bit?
Speaker 6: Yep.
Speaker 7: So the one of the biggest things that people fall
Speaker 7: into debt with. And you notice it with people student loans, right,
Speaker 7: what are they doing. They're they're going into debt because
Speaker 7: they are spending money on education to ultimately either get
Speaker 7: them a job or start a business and things like that.
Speaker 4: Right, Well, you could kind of do that with an.
Speaker 7: LLC too, And that's why always say check with your account,
Speaker 7: check with an attorney, right just to make sure that
Speaker 7: you guys are doing everything in the legal parameters. The
Speaker 7: thing is, if I own a business right now, if
Speaker 7: I have a business credit card, and if I'm going
Speaker 7: to earn your leisure's event and I put the air fare,
Speaker 7: the hotel uber the actual price of the ticket, I
Speaker 7: can put that on an LLC on my business credit
Speaker 7: card and then it becomes a write off.
Speaker 4: Right now, Here's the thing.
Speaker 7: A lot of people that don't have a business are like, oh,
Speaker 7: I can't really start a business yet because I'm going
Speaker 7: to go to this event first and see if that's
Speaker 7: even worth it.
Speaker 4: Right, Well, why not do that now?
Speaker 7: And the thing is that's where your umbrella LLC comes in,
Speaker 7: you know Solano Management LLC. Right, And you can put consulting,
Speaker 7: you can put you know, marketing, you know whatever.
Speaker 4: And that's why always say.
Speaker 7: Check within accountant and an attorney to make sure you
Speaker 7: guys are doing it right. The thing is is now
Speaker 7: anytime you travel, anytime you go to an event, networking event,
Speaker 7: whatever the case is, that becomes a write off because
Speaker 7: you're trying to educate yourself into becoming an entrepreneurship. But
Speaker 7: a lot of people think that you have to actually
Speaker 7: have that perfect LLC set up before you can do that.
Speaker 7: And just think backwards a little bit, as if like
Speaker 7: when people go to school and they get school loans
Speaker 7: to get the education, think of it the same way.
Speaker 7: You're opening up an LLC to put everything into the
Speaker 7: business credit to eventually learn how to do business, to
Speaker 7: learn how to do you know, quick books and bookkeeping
Speaker 7: and you know all that good stuff that an LLC
Speaker 7: and a business does. And that's how it could become
Speaker 7: a true write off because you can write off mileage,
Speaker 7: you can write off airfare, you know, gas, education and
Speaker 7: things like that, and.
Speaker 4: Next thing you know, your business might not be making
Speaker 4: money right now.
Speaker 7: But guess what, when you have that great business idea
Speaker 7: and it does kick off, you have all the business credit,
Speaker 7: you have the education, you have everything already set up,
Speaker 7: so you're ahead.
Speaker 4: You're ahead of the game a lot.
Speaker 9: No, that's perfect. I appreciate that you answer my question.
Speaker 8: Thank you, appreciate you frankly. All right, let's let's go.
Speaker 8: Let's let's do this. Let's go to dd. We coming
Speaker 8: to you, Didy. What's going on on?
Speaker 6: Mute yourself you've been unmuted.
Speaker 17: Hey, guys, good evening. I knew you were gonna call
Speaker 17: me as soon as I flipped over to my notes
Speaker 17: to take down notes.
Speaker 6: One whose was just saying, perfect time.
Speaker 17: It's a pleasure to be here. I'm excited at what
Speaker 17: you guys are doing. Is always very impressed, very appreciative.
Speaker 17: Like the other caller, you guys have really given me
Speaker 17: a community space. I was in nonprofits teaching financial literacy
Speaker 17: about ten years ago, and I felt like we were
Speaker 17: the only ones there. So it's relief to see you
Speaker 17: guys taking this charge and everyone's so excited. But I
Speaker 17: did want to ask about I know, with personal credit,
Speaker 17: when you submit applications within a certain timeframe, that counts
Speaker 17: as one inquiry? Is it the same with the business
Speaker 17: accounts in the loans?
Speaker 18: Like?
Speaker 10: Is it different?
Speaker 17: Like business credit applications are in one category and business
Speaker 17: loan applications or in another, or it doesn't matter, like
Speaker 17: how does that work?
Speaker 4: It's a great question.
Speaker 7: I love these type of questions because it gets my
Speaker 7: brain thinking right, and it gets your obviously your brain
Speaker 7: is working. So just so you guys know, right, any
Speaker 7: auto loan, personal loan, mortgage inquiry, right, anything that has
Speaker 7: the word loan on it, la n anything that has
Speaker 7: associated with the loan. If anything that's typically done within
Speaker 7: the same category within thirty days thirty to forty five
Speaker 7: days will typically be counted as one. So if you're
Speaker 7: going for several lines of credit, or if you're going
Speaker 7: for several business all the loan, bank account, business order loans,
Speaker 7: or if you're going for hard money with the lender,
Speaker 7: whatever the case is, typically anything within that same category, right,
Speaker 7: that auto loan or that business all a loan or
Speaker 7: that business you know, a line of credit loan, whatever
Speaker 7: the case is, Yes, it will typically count as one. Okay,
Speaker 7: if it's done within that period. Now, a business credit
Speaker 7: card is going to work the same way as a
Speaker 7: personal credit card. So if you're applying for Chase, which
Speaker 7: runs experiences your experience Personal American Express Personal right cabbage
Speaker 7: personal right, that doesn't count as three. It only counts
Speaker 7: as really, I mean, it doesn't count as that's gonna
Speaker 7: count as three separate ones. I'm sorry, because you have
Speaker 7: your American Express, you have your Chase, and you have
Speaker 7: your cabbage.
Speaker 5: Right.
Speaker 7: So that's three separate auto loan, three separate inquiries. Okay,
Speaker 7: Because so every single credit card inquiry, no matter if
Speaker 7: it's personal or business, is gonna count as one. But
Speaker 7: any a loan inquiry in the same category within thirty
Speaker 7: to forty five days is gonna count as one. So
Speaker 7: even even with an auto loan company that you you know,
Speaker 7: you go to the dealership and they run your credit
Speaker 7: ten times, it doesn't affect your credit score ten times.
Speaker 7: It only affects your credit score once if it's done
Speaker 7: within the same period.
Speaker 17: Okay, thank you so much. I appreciate it.
Speaker 6: Thank you, guys, said, I get back to my notes.
Speaker 6: I appreciate you. All right, let's let's go to Christian.
Speaker 3: We come to you.
Speaker 6: You yourself, you've been immuted. What's going on Christian?
Speaker 10: Hey, how you guys doing Christian?
Speaker 7: Here?
Speaker 5: Great question?
Speaker 18: Actual you two questions and one is for Rashan and
Speaker 18: so for some of us that I've been grandfather, then
Speaker 18: we've been with Eyl from like just before COVID. Do
Speaker 18: the rates go up for us as well? Or does
Speaker 18: it Does it change?
Speaker 2: And that's good, that's a good question. It stays the same.
Speaker 2: And that's just like a stock. That's just you know,
Speaker 2: people that got in early. They you know, so some
Speaker 2: people got in that ninety nine dollars for the entire year,
Speaker 2: and then every year it'll just be ninety nine dollars
Speaker 2: as long as they want to renew. So they renew
Speaker 2: that price at ninety nine dollars. So you know, that's
Speaker 2: another benefit. You know, as as the value goes up,
Speaker 2: as the information goes up, as more and more videos
Speaker 2: get archives, then you know, the price changes.
Speaker 3: But whatever you whatever you pay, you lock in at.
Speaker 3: So whatever price you got, what price you in at.
Speaker 10: I got in I think at two ninety nine something
Speaker 10: like that.
Speaker 3: Yeah, and ninety nine, so yeah, now it's two thousand,
Speaker 3: you know, So yeah, there you have it.
Speaker 18: Good investment, yeah, man, one of the best investments I
Speaker 18: haven't made now. The other questions for Jose was that
Speaker 18: Metro at event Fest. I also wanted to say thank
Speaker 18: you for the credit card. The American Express Play. I
Speaker 18: don't know if you remember, but it was like six
Speaker 18: cards that I applied for at the same time and
Speaker 18: it worked out.
Speaker 10: Sot out to you and keep doing what you do.
Speaker 5: I have a.
Speaker 18: So I applied for a Chase card. Big mistake, and
Speaker 18: I think because one of my friends had told me,
Speaker 18: just do it. You get two hundred dollars off of
Speaker 18: flight we're going to Jamaica, and and I think I
Speaker 18: used that, spent about one thousand on it. The limit
Speaker 18: is about two grand, and now my credit score drop
Speaker 18: from eight twenty five to seven ninety.
Speaker 10: How can I fix this?
Speaker 4: Just paid off? I paid it off for it and
Speaker 4: it has the balance already showed on the report at zero.
Speaker 10: No, this happened like five or six days ago, but
Speaker 10: I was traumatized.
Speaker 18: I was like, how the hell you go from eight
Speaker 18: twenty five to seven ninety because of one stupid card
Speaker 18: that I didn't even need.
Speaker 7: I'm gonna tell you why. Because the limit is two thousand,
Speaker 7: your balance is a thousand. So when that balance reported,
Speaker 7: even though the balance is only a thousand, you're at
Speaker 7: fifty percent utilizations.
Speaker 3: To that card.
Speaker 4: So as you pay it down and you paid it
Speaker 4: five or six days ago, it will eventually report at zero.
Speaker 7: Now here's the thing, you know, Now with that card,
Speaker 7: the next trip you go on, use the business ams
Speaker 7: instead of the chase.
Speaker 10: Oh yeah, oh yeah, oh yeah, never again, never again,
Speaker 10: never again.
Speaker 3: Yeah.
Speaker 8: And even in those situations too, Jose, and you can
Speaker 8: correct me. But if he has I'm sure some people
Speaker 8: are in that situation where they have a two thousand limit.
Speaker 8: Before you use it again, try to reach out and
Speaker 8: maybe increase the limit, right, so the utilization rate actually
Speaker 8: goes down. So when you spend a thousand, maybe your
Speaker 8: limit has been increased to five thousand and not a
Speaker 8: percentages in fifty.
Speaker 6: You know what I'm saying, It's like at twenty right.
Speaker 7: And the thing is, man, not even only before you
Speaker 7: use the card, but if you get a proved for
Speaker 7: a credit card and you say your credit score was
Speaker 7: over eight hundred and they only gave you two thousand dollars,
Speaker 7: what you want to do is pick up the phone,
Speaker 7: even if even if your credit is subpar, meaning like
Speaker 7: six hundred and six twenty six fifty. Anytime you guys
Speaker 7: get it proved for a credit card, call them up
Speaker 7: and say, hey, I got a proof for a two
Speaker 7: thousand dollars credit card. But if you look at my
Speaker 7: credit I have five ten thousand dollars limits. There's anything
Speaker 7: you can do with increasing the right there, because not
Speaker 7: only will it save you with inquiry, but yes, when
Speaker 7: you do use it, the utilization will be so low
Speaker 7: it really it really wouldn't matter, you know what I mean.
Speaker 7: So definitely try to get the limit increases sooner than
Speaker 7: later to that way they don't run your credit again.
Speaker 6: Yeah, more trips to Jamaica, Christian.
Speaker 10: Man, because I don't I don't fly. Yeah, thank you,
Speaker 10: thank you.
Speaker 3: Appreciate you. All Right, let's get a few more questions
Speaker 3: if you can.
Speaker 6: Let's let's do uh, let's go.
Speaker 3: Ralph.
Speaker 6: We're coming to you, Ralph, what's going on. I'm mute yourself.
Speaker 6: You've been unmuted. What's the deal?
Speaker 5: Pete Solms, app appreciate you calling me.
Speaker 2: Uh.
Speaker 19: One, I'm an eu L erner. And two I joined
Speaker 19: the Credit Academy about I think last month in February,
Speaker 19: so I'm plugged in on both sides. Appreciate what you
Speaker 19: guys are doing doing for our people. Just this fine
Speaker 19: youal literacy is incredible. Questions for Jose Jose so I
Speaker 19: it was on his zoom earlier today. So I'm waiting
Speaker 19: for the link to sign up with the credit coach.
Speaker 19: But while I got you on the business side, So
Speaker 19: I have a business, been around for well over ten
Speaker 19: years now fifteen years actually, and I have several just
Speaker 19: a couple of business credit cards. So now this this
Speaker 19: is what I were here everybody you know, you guys
Speaker 19: and other folks on social media running all these plays
Speaker 19: on the credit cards. Something I've always shied against. This
Speaker 19: got I have like two or three credit cards, like
Speaker 19: I got AX, I've had for like since twenty ten.
Speaker 19: Got a Bank of America. I've had probably the same length,
Speaker 19: may maybe slightly longer. My question is now I want
Speaker 19: to take it to take this business credit to the
Speaker 19: next level, and like I want to get the Capital
Speaker 19: one Spark card the two percent unlimited. But I'm looking
Speaker 19: to do that strictly in the business name. Is there
Speaker 19: a way or maybe those details I have to work
Speaker 19: out when I get with the coach, But what what's
Speaker 19: the way to do it where I'm not using my
Speaker 19: personal credit.
Speaker 7: So one I would stay away from the Capitol one
Speaker 7: Spark card. If you already have several business credit cards
Speaker 7: with you know it sounds like you do. The reason
Speaker 7: why is because Capital one Spark also reports to the
Speaker 7: personal side, So that is a good credit card if
Speaker 7: you're just starting out with building business credit, and you're
Speaker 7: just starting out even with building personal credit. Capital one
Speaker 7: Spark is gonna run all three bureaus because any Capital
Speaker 7: one credit card, they're gonna run Equifax, Experience, and TransUnion.
Speaker 7: When you get a credit card with them, it doesn't
Speaker 7: matter if it's the Capital one, Quicksilver Spark, a venture,
Speaker 7: doesn't really matter. So I would stay away from them.
Speaker 7: And honestly, when was the last you said you've had
Speaker 7: your MX since twenty ten?
Speaker 5: Yes, that's correct, okay.
Speaker 4: And it's a personal or a business.
Speaker 6: No, it's business, okay.
Speaker 7: So what you should do log into your American Express
Speaker 7: account online AmericanExpress dot com, not the app, look at
Speaker 7: whatever business credit cards you want, and when you apply
Speaker 7: with them like that, because you already have a relationship
Speaker 7: with American Express, you can typically apply for all the
Speaker 7: charge cards and two more revolving credit cards without running
Speaker 7: your credit at all. And I think that would be
Speaker 7: a better play for you if you're worried about them
Speaker 7: running your credit. It'll still be a personal guarantee, but
Speaker 7: they're not going to do a personal credit check.
Speaker 3: Ah, got it, got it? Okay, got that.
Speaker 19: That makes sense because the reason I want to avoid
Speaker 19: the personal now is in the process of buying the house,
Speaker 19: so I don't want to keep those inquirers down sop.
Speaker 4: So they won't run your credit at all.
Speaker 7: Man, if you do it that way, you just got
Speaker 7: to make sure you log into your account at American
Speaker 7: Experts dot com, which you're using him in password, and
Speaker 7: apply like that and they won't ask you for your
Speaker 7: social to just ask you for EI in business information
Speaker 7: and you'd be good to go.
Speaker 5: Got it. Appreciate you guys.
Speaker 2: Help appreciate your Wel you, sir. Let's get more and
Speaker 2: Jose before we get to the last question. Jose's teaching
Speaker 2: a class in a couple of weeks, so anybody that
Speaker 2: wasn't able to get their questions answered, make sure you
Speaker 2: tap into that class. And he actually teaches I think
Speaker 2: like three or four classes once a month. Yeah, once
Speaker 2: a month, yeah, credit class once a month.
Speaker 7: Yeah.
Speaker 2: He's actually a tenured professional to teach is a class
Speaker 2: regularly for Eyo University. So this stuff literally, they you know,
Speaker 2: get this all the time, and this is just one
Speaker 2: facet of it being talking about the real estatement, talking
Speaker 2: about the financial planning, the book club, all that stuff.
Speaker 2: So you know the value, Like I said, the retail
Speaker 2: price for Eyo University is two thousand dollars, but right
Speaker 2: now it's six ninety nine. So six hundred and ninety
Speaker 2: nine is the actual price right now, and that changes
Speaker 2: forty eight hours.
Speaker 3: Like I said, we'll still run a sale.
Speaker 2: It'll probably be fifty percent off, so they'll probably be
Speaker 2: a thousand dollars on Friday or after Friday.
Speaker 3: But yeah, it's six ninety nine right now. That's what
Speaker 3: we did last time, and that we just never changed it.
Speaker 3: We just let it run for a whole month.
Speaker 2: So I don't know, it sounds like it's like a
Speaker 2: good deal to me, But you know, if you're interested,
Speaker 2: click the link if you want to, if you want
Speaker 2: to be a part of it. But I mean, the
Speaker 2: information is priceless.
Speaker 6: Candice, Hello, Hello, I see you already there. I have
Speaker 6: to tell you. I'm mute yourself. You got to you
Speaker 6: have the final question? What's going on?
Speaker 5: Wow?
Speaker 10: That's awesome.
Speaker 20: Okay, So I've joined you guys, I can't remember back
Speaker 20: in scept remember, I think, and I started following you
Speaker 20: a following Jose and him five hundred, and you guys
Speaker 20: were talking about I remember trying to get credit cards
Speaker 20: and before my credit was like five ninety and today
Speaker 20: I got a new score from Experience seven eight.
Speaker 3: Congratulations. I've never been seven.
Speaker 6: Ever met congratulations fires in a chat for kenn this
Speaker 6: one time. Congratulations love it.
Speaker 20: So my question I was, I was listening to someone
Speaker 20: and they were saying, there's a twenty four or five
Speaker 20: rule because what I was trying to do the other
Speaker 20: day I tried because my number, my scores had jumped up.
Speaker 20: I was trying to get a Sam's Business card because
Speaker 20: I don't want to start my Airbnb and I was
Speaker 20: trying to get a Sam's Business card and they I
Speaker 20: didn't get the immediate approval, and I still haven't gotten
Speaker 20: a letter at you know, saying why, But is it
Speaker 20: because I've already done so many credit cards and like
Speaker 20: I guess, I got my car ref I got two
Speaker 20: new credit cards, and I try to do a couple
Speaker 20: other things. And I did all that in January and February.
Speaker 4: So do you think so the five twenty four rule
Speaker 4: typically applies to Chase.
Speaker 7: That's the biggest one that I've seen it with, meaning
Speaker 7: that if you have like five or more open credit
Speaker 7: cards in the last twenty four months, that's typically like
Speaker 7: a Chase rule. But with Sam's Business, did you have
Speaker 7: you you had to provide a personal guarantee for that.
Speaker 4: With the SAME's business, Candice, no, So with.
Speaker 20: The Sam's Business, I tried to add it in my yeah. No,
Speaker 20: they didn't even ask.
Speaker 4: Me for my personal yeah Sames, I'm saying Sam's Sam's.
Speaker 7: Club, BJ's Costco. They should never ask you for your
Speaker 7: personal credit. So that has nothing to do with the
Speaker 7: personal credit side and has everything to do with the
Speaker 7: business credit.
Speaker 4: So build your do you know you have the LLC
Speaker 4: and you how long have you had the LLC open
Speaker 4: and everything? It started building business credit.
Speaker 3: I've had my LLC since.
Speaker 7: December December, okay, So what you want to do is
Speaker 7: start building more business credit, right, Get nav dot com
Speaker 7: business Boost that will give you an automatic trade line
Speaker 7: for each bureau you know, build the regular accounts you
Speaker 7: line you're you're in e y L. So watch the
Speaker 7: videos that I did on the proper steps to building
Speaker 7: the business credit, get some gas cards, and then in
Speaker 7: like sixty days go back to Sam's Club, Bjy's Costco
Speaker 7: things like that and apply again and you should get approved.
Speaker 17: Okay, all right, perfect, Thank you guys so much.
Speaker 6: Thank you and congratulations on that seven hundred. That's life changing.
Speaker 12: Yeah, I'm so excited.
Speaker 3: Eazy Jose always a pleasure man.
Speaker 2: Before we go, I want to I want to give
Speaker 2: you an opportunity to talk because I know a lot
Speaker 2: come of people have asked, like, you know, how can
Speaker 2: they contact you or different things of that nature.
Speaker 3: So can you talk about that? Yeah? So what kind
Speaker 3: of services you provide? Stuff like that?
Speaker 7: Yeah, no, no doubt man. I mean, thank you guys again,
Speaker 7: this is awesome. You know what I mean, flies when
Speaker 7: you're having fun. I didn't realize how you know. We've
Speaker 7: been on here our in forty minutes man, And I
Speaker 7: love answering questions. This is like what I love to
Speaker 7: do and ask people that sit there in my program.
Speaker 4: We do this every week as well.
Speaker 7: The things that we do guys is we help you
Speaker 7: with your personal and business credit. If you only want
Speaker 7: help with your personal credit, that's fine. If you want
Speaker 7: business credit help, that's fine, too. You know, our program
Speaker 7: is not deletion driven, meaning that you could be in
Speaker 7: our program six months, nine months, twelve months and not
Speaker 7: get any deletions. That's that's sometimes the part of credit
Speaker 7: repair and also building your credit. But we will teach
Speaker 7: you how to either settle that account, pay it off,
Speaker 7: build a new credit, whatever the case is. And our
Speaker 7: program is only one hundred dollars a month, right, You're
Speaker 7: really not going to come across a program that does
Speaker 7: your personal credit for you and teaches you our business
Speaker 7: credit and everything that we provide for one hundred dollars
Speaker 7: a month. Cancel any time there's no money up front,
Speaker 7: and that's what it is. It's one hundred dollars a month,
Speaker 7: and you decide what you want to do. A lot
Speaker 7: of the people that have come into our program never
Speaker 7: even thought of opening them a business, but through our program,
Speaker 7: we teach them the importance and this step by step
Speaker 7: guide on how to do everything from starting the LLC,
Speaker 7: get in the EI in, done and brad shoot everything else.
Speaker 7: And now we're empowering you to use your credit to
Speaker 7: leverage not only return on investment, but also education.
Speaker 4: So every single course that EYL has ever thrown out there.
Speaker 7: I have used the business credit card, and I think
Speaker 7: it's like two of them that I haven't bought yet,
Speaker 7: like the vending course and I think the trucking course.
Speaker 4: Everything else.
Speaker 7: I've bought it because it's there's power and education and
Speaker 7: you could use your credit for more than just buying supplies.
Speaker 7: You can use your credit to leverage more education and
Speaker 7: to help you enter rooms that you never thought possible.
Speaker 4: Guys, So you know, like I said, my program is
Speaker 4: not a three month program.
Speaker 3: Six month.
Speaker 4: I'm not going to promise your credit score. I'm not
Speaker 4: gonna promise you any deletions, but I will promise you
Speaker 4: the access to.
Speaker 7: The god credited academy where if you do the work
Speaker 7: and we help you do the work, you have credit
Speaker 7: coaches here in the US. We have we're gonna start doing,
Speaker 7: you know, tours and things like that. We're going to
Speaker 7: see our clients. But give me twelve months. Dedicate twelve
Speaker 7: months to me, and I promise that I've changed the
Speaker 7: trajectory of you and your life and your family as well.
Speaker 2: You have it. Appreciate that, Jose. And once again Jose
Speaker 2: actually teaches monthly for Eyo University.
Speaker 3: Very very good guy.
Speaker 2: Actually has helped family members out, my family and members out,
Speaker 2: So definitely recommend him and his services for sure. And yeah,
Speaker 2: once again Eyo University. This is what we do every
Speaker 2: single week. Jose comes once a month, but we do everything.
Speaker 2: It's not like an investment club. It's not just real estate.
Speaker 2: It's everything, literally everything that we talk about your leisure.
Speaker 2: Everything from entrepreneurship to investing, to cryptocurrency, to real estate
Speaker 2: to credit. So yeah, so you know everything. And like
Speaker 2: I said, it's a community. So we have infinity groups
Speaker 2: inside of it. We have book club, movie club, We
Speaker 2: got the financial planning calls, and actually you can access
Speaker 2: to MG the mortgage Guys Homeboys blueprint.
Speaker 3: I forgot about that.
Speaker 2: So you get access to the home Buyers Blueprint, which
Speaker 2: is like ten hours of education every single thing that
Speaker 2: you need to know. That that alone is probably v
Speaker 2: buying one and two. Yeah, everything you need to know
Speaker 2: about how to buy home, how to rehab a home.
Speaker 2: It's like fifteen hours of information that's included with Ewyo
Speaker 2: University membership. So I mean it's crazy. So yeah, so
Speaker 2: we got the sale running six ninety nine for the
Speaker 2: entire year, for twelve months, and that's going to run
Speaker 2: to the end of Friday, I think, so if you're interested,
Speaker 2: click the link Eyo University and sign up. Man anything
Speaker 2: else you want to talk about before we head out,
Speaker 2: So almost an hour and fifty forty five minutes, So
Speaker 2: watch the replay.
Speaker 3: The replay will be.
Speaker 2: On YouTube, and then we'll put it on podcast outlets
Speaker 2: for study Hall. That'll be out on Friday. So if
Speaker 2: you want to listen to it in your car, check
Speaker 2: it out on Friday on the podcast outlets and then
Speaker 2: this replay will be available on YouTube.
Speaker 8: Yeah, make sure when you join that we have an
Speaker 8: orientation and so a lot of people, you know, when
Speaker 8: they start school, they're a new kid on the block,
Speaker 8: they don't know where to go, and so we have orientation.
Speaker 6: Shout out to jam I know she's in here right
Speaker 6: now that she leads you through the process. Right. So
Speaker 6: we have over one hundred and fifty videos archive.
Speaker 8: But they're section into your interests and so once you
Speaker 8: find your interests, not only you're gonna find videos there,
Speaker 8: but you're gonna find people who have like minds in
Speaker 8: that inside that space too. And so it's a space
Speaker 8: where you can actually ask questions and find people with
Speaker 8: similar backgrounds and similar interests. It might even be in
Speaker 8: a similar area, right, you might find people that live
Speaker 8: where you live that are interested in the things you are.
Speaker 8: So shoutut to everybody that's been in our groups, in
Speaker 8: our shout out to jam for the orientation.
Speaker 2: Yeah, that's it all right, guys, been real see you
Speaker 2: on the other side. Shout out to Andre Hatchitt. Appreciate you, brother.
Speaker 6: Your love is love.
Speaker 4: Y'all appreciate you, bro, Thank you guys.
Speaker 2: Thanks everybody for the super chats. Also, we ain't get
Speaker 2: a chance to read it, but it's all love.
Speaker 6: Oh yeah, shout to y'all.
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