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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: I want to talk about a few things. So this

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Speaker 3: is the first time that we've done open enrollment in

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Speaker 3: a couple of months. It's been a while for anybody

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Speaker 3: that's not familiar with opening roll and open enrollment.

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Speaker 4: We traditionally do this.

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Speaker 3: The last Wednesday of the month, and this wasn't the

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Speaker 3: last Wednesday of the month, but we just kind of

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Speaker 3: rescheduled a little bit. But it's a window into EYL University.

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Speaker 3: That was kind of the whole premise of it was

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Speaker 3: to kind of give people an idea of what we have.

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Speaker 4: Going on here at EYL University.

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Speaker 3: But you know, obviously we've been traveling, we've been moving around,

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Speaker 3: you've been doing a lot of stuff. So we haven't

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Speaker 3: actually been able to do one of these on YouTube

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Speaker 3: in a long period of time. But I felt that,

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Speaker 3: you know, now, it was a good time to bring

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Speaker 3: it back, and also it's perfect timing with the relaunch

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Speaker 3: of Eyo University, which we'll be talking about in detail,

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Speaker 3: but first one to kind of just let you guys

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Speaker 3: know what will be going on today during this session.

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Speaker 3: So we're gonna be talking about credit, we're gonna be

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Speaker 3: talking about business branding, and we're gonna talking about real estate.

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Speaker 4: We have some Esteam guests.

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Speaker 3: We have Dan Fleischman, we have Herman Dolfs, we have

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Speaker 3: Matthew Garland, and we're gonna be answering questions towards the end,

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Speaker 3: we're gonna you know, have Q and a so very

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Speaker 3: educational timely you know, webinar, I think because these are

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Speaker 3: all extremely important topics right now, but especially heading into

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Speaker 3: twenty twenty three. And this is where we're at right now,

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Speaker 3: so you know it's important for you guys to start

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Speaker 3: planning your next year because it's here pretty much.

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Speaker 5: Yeah, there's no time better than right now. I mean

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Speaker 5: what quota now with the first quotera is how you

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Speaker 5: want to set your year of and when you got

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Speaker 5: people talking about how to build business credit, talking about

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Speaker 5: how to build your brand from a marketing standpoint, talking

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Speaker 5: about real estate, I mean, these are these are things

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Speaker 5: that can change your life, right like these aren't this

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Speaker 5: things that can change your day? This can change your life,

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Speaker 5: can change your family's life. And anytime you're going to

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Speaker 5: have people like this level of this cowboy of expertise, man,

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Speaker 5: you got to take advantage of it. So shot everybody

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Speaker 5: that's in here. I see the earners of piling in.

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Speaker 5: Shot everybody on the tube. This is going to be

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Speaker 5: one of them sessions. And I'm glad. I'm glad we're

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Speaker 5: back doing it. You know, I kind of miss a

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Speaker 5: little bit. I feel like that these these open enrollments

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Speaker 5: were just jam packed with information, people from the highest

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Speaker 5: level you know, in their in their fields. And uh,

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Speaker 5: tonight's no no exception. We got we got a jam

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Speaker 5: packed show. We might have a few surprises. We may

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Speaker 5: we'll see. You never know, you never know, you never

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Speaker 5: know who we know.

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Speaker 3: That's a fact. So all right, so let's get into this.

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Speaker 3: But first, before we start, I'll give you a rundown

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Speaker 3: of EYL You. Of course, if you're familiar with us,

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Speaker 3: you know that we do you know, the classes every week,

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Speaker 3: we do the financial planning calls with myself, we do

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Speaker 3: the book club headed by Troy, We do the MG

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Speaker 3: the mortgage Guys home by his Blueprint, Volume one, Volume two,

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Speaker 3: real estate calls. But we're revamping it and we'll talk

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Speaker 3: about you know that a little later. But you know,

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Speaker 3: we see the landscape changing and we see our position

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Speaker 3: in leadership rising, so.

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Speaker 4: You know, we wanted to kind of add a higher

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Speaker 4: level of service, a higher level of.

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Speaker 3: You know, curriculum, and make it more of a structured organization.

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Speaker 3: So we've been actually working on this for six months

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Speaker 3: and you know, just announced a few things and we'll

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Speaker 3: be announcing more things to come, but a lot of

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Speaker 3: exciting stuff happening. We're gonna be rolling out live interactive courses,

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Speaker 3: chapters across the United States and across the world, like

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Speaker 3: real graduations, private community events. So we wanted to just

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Speaker 3: double down. We already built the community, but we wanted

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Speaker 3: to see how we can actually take it to the

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Speaker 3: next level.

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Speaker 4: Next level education.

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Speaker 3: That's what everything that we do is kind of like

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Speaker 3: next level, right, So it's like, okay, we had to

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Speaker 3: assess what was going on and then see, okay, how

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Speaker 3: can we ten next this situation and make it, you know,

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Speaker 3: one hundred times more powerful. So we'll be announcing everything

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Speaker 3: on Friday, But in the meantime, you can text the.

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Speaker 4: Word learn l e A r N two four.

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Speaker 3: Zero one two three eight seven four seven nine to

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Speaker 3: be added to the wait list and you will get

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Speaker 3: you know, all the updates and all the information once

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Speaker 3: everything is announced. So I'm gonna pin that in YouTube

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Speaker 3: and once again that is text the word learn too

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Speaker 3: four zero one two three eight seven four seven nine,

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Speaker 3: and you will be added to the wait list and

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Speaker 3: you will get all the updates, send everything as you know,

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Speaker 3: everything on rolls So.

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Speaker 5: I think that's one of the beautiful things right, Like,

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Speaker 5: as we're doing this, we're realizing, like we could be better,

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Speaker 5: and what better way to do it than show people like, Yo,

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Speaker 5: we're gonna get better. Here's how we're going to do it.

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Speaker 5: It's just one of those things that it's happening in

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Speaker 5: real time, just like everything we've done, its happened in

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Speaker 5: real time. And like we've always said, like anytime we

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Speaker 5: do something, it's a stortic because it's never been done before.

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Speaker 5: So we built a community. Obviously, Uyo University they started

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Speaker 5: in twenty nineteen, in December twenty nineteen, maybe like seventy people,

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Speaker 5: and to see how fast it has grown, it's like, great,

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Speaker 5: this is great. How can we be better? So we

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Speaker 5: looked at the landscape and we said, all right, like

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Speaker 5: that piece over there, that piece is good, we can

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Speaker 5: add that. Let's make this the best educational experience, the

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Speaker 5: most expansive educational experience that is out there. And so

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Speaker 5: I'm so happy to show the earners and show everybody

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Speaker 5: what we got. Man, it's gonna be yeah, historic day,

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Speaker 5: historic weekend.

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Speaker 4: Oh probably so probably.

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Speaker 3: So So okay, let's bring Dan up if we can let's.

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Speaker 5: Bring him up there you go and see him right there. Perfect.

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Speaker 5: He just raised it in made it even easier.

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Speaker 3: Yes, Yes, very excited to have this conversation started off, Hey,

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Speaker 3: what's going on?

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Speaker 5: How's it going?

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Speaker 4: Good? Good?

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Speaker 6: Just happy to be here. Really impressive with you guys,

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Speaker 6: been watching you for years. I'm happy to be here.

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Speaker 4: Appreciate that. Thank you, thank you, thank you.

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Speaker 3: So if anybody that is not familiar with Dan, I'll

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Speaker 3: give his rundown. He is the youngest founder of a

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Speaker 3: publicly traded company in history.

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Speaker 4: Could probably just stop there.

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Speaker 5: Keyword history.

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Speaker 3: That's extremely impressive. That means like ever, that's extremely impressive.

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Speaker 3: Feet After licensing his apparel for nine point five million

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Speaker 3: dollars at the age of nineteen, team he went on

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Speaker 3: a scale and energy drains product into fifty five thousand

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Speaker 3: retail stores. Over the years, he's launched one of the

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Speaker 3: top five online poker sites globally, has thrown forty nine

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Speaker 3: elevator night events, co founded one hundred million Mastermind experience,

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Speaker 3: spoken at over two hundred and fifty business events. Angel

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Speaker 3: invested in forty three companies and his agency has spent

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Speaker 3: over sixty million dollars with social media influencers, fashion brands,

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Speaker 3: film studios, mobile apps and consumer products, and just the

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Speaker 3: mastermind when it comes to business business branding and the

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Speaker 3: new age of business that we're in right now, when

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Speaker 3: it comes to social media influencers and what we're on now, YouTube, TikTok,

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Speaker 3: different things of that nature, is extremely important. And Dan

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Speaker 3: has been a mastermind and somebody that a lot of

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Speaker 3: our friends have built relationships with and they all speak

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Speaker 3: extremely highly of him.

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Speaker 4: First and foremost, thank you for joining us.

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Speaker 6: Appreciate it, pleasure, thanks for having me.

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Speaker 5: Did we miss anything.

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Speaker 6: My charity for the homeless, We've been doing it for

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Speaker 6: eleven years. We make backpacks for the homeless with one

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Speaker 6: hundred fifty items inside.

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Speaker 3: That's my real point, very important to say this time. Yeah,

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Speaker 3: absolutely all right, So let's let's start this off. So

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Speaker 3: I would like to talk to you about, you know, branding.

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Speaker 3: Business branding is extremely important, but let's start off with

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Speaker 3: something that you know, I'm very passionate about when it

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Speaker 3: comes to content creation. And you know, I saw a

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Speaker 3: post where you talked about, you know, the best things

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Speaker 3: online are free, like they say the best things in

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Speaker 3: life for free.

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Speaker 4: The best things online.

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Speaker 3: Is free, like you can scale your business and grow

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Speaker 3: it organically, and you really don't have to have a budget.

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Speaker 3: So this is extremely important conversation. So can you talk

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Speaker 3: about that?

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Speaker 6: Yep. So the hard part for most people on social

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Speaker 6: media is that they have these things in their mind

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Speaker 6: of why they can't do it, or why they don't

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Speaker 6: want to do it, why it's scary. They're like, I'm

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Speaker 6: not gonna do TikTok because I got to dance around.

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Speaker 6: I only do business videos. I don't dance around on TikTok,

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Speaker 6: and I get lots of views. You can too. They're like, oh,

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Speaker 6: I don't want to tweet. I don't know if anybody's

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Speaker 6: gonna listen. People go viral with four hundred followers and

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Speaker 6: get millions of views off of Twitter because of the

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Speaker 6: way the reality works on Twitter. People get like, I

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Speaker 6: don't want to do Facebook because I don't want to

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Speaker 6: see my aunts and uncle argue about politics. You don't

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Speaker 6: have to use it as social media. You can just

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Speaker 6: use it as media. You don't have to do the

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Speaker 6: social part if you don't want to. If you don't

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Speaker 6: like Facebook, don't do it. You don't like TikTok, you

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Speaker 6: don't have to use it. For the social element, but

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Speaker 6: you do need to use it for media because you

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Speaker 6: have a personal brand, whether you like it or not.

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Speaker 6: Your friends from high school think about you, your coworkers

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Speaker 6: think about you, the people in your neighborhood think about you.

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Speaker 6: People interact with you, and they think about you, and

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Speaker 6: you have a personal brand. It's up to you to

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Speaker 6: decide if you're going to tell your story or let

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Speaker 6: them gossip and have rumors and think about you without

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Speaker 6: you telling your story. And so for me, the reason

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Speaker 6: that I'm so passionate about social media is that I've

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Speaker 6: watched it change so many people's lives, and I watched

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Speaker 6: people make money, make careers, make babies, Like a lot

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Speaker 6: of things happen when you create social media content, and

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Speaker 6: it's free. Facebook, Instagram, Twitter, LinkedIn, Snapchat, TikTok, YouTube, every

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Speaker 6: single one of those platforms is free. So there's no

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Speaker 6: excuse about the budget part because it's free. You already

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Speaker 6: have a fancy phone because you're watching right now on

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Speaker 6: a laptop or an iPhone or an Android, so you

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Speaker 6: already have a really fancy phone and really fancy camera.

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Speaker 6: So everything that you need to make social media is

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Speaker 6: completely free.

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Speaker 5: That's important. Can you talk about the importance of where

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Speaker 5: you're placing the content. I know you said that. You know,

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Speaker 5: I'd rather have two thousand hits on LinkedIn rather than

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Speaker 5: twenty thousand views on Instagram. Having the importance of where

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Speaker 5: you're placing the content and the value add of each

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Speaker 5: one of those yep.

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Speaker 6: So depending on your career, passion, or hobby, there's going

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Speaker 6: to be different platforms for you. LinkedIn is very very

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Speaker 6: business focused, which is why it's the best platform when

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Speaker 6: you're trying to be a real estate agent, an investor,

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Speaker 6: and accountant, you're looking for a job, you're trying to

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Speaker 6: hire people. Link LinkedIn is the best platform for that.

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Speaker 6: But at night might not be the platform you make

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Speaker 6: your content for. Most people make their content for Instagram

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Speaker 6: or Facebook. What you can do is then repurpose that

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Speaker 6: exact same content on LinkedIn, on TikTok, on Facebook, et cetera.

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Speaker 6: So you're gonna make your content for a platform that

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Speaker 6: you're comfortable with, which is usually Instagram or Facebook, and

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Speaker 6: then repurpose that exact same content on the other platforms.

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Speaker 6: What you're not gonna do is don't post about your

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Speaker 6: dogs on LinkedIn. You're not gonna post about kids on LinkedIn.

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Speaker 6: That's more for Facebook, Instagram and TikTok and Twitter. LinkedIn

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Speaker 6: is going to be very business career focused. But all

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Speaker 6: the other platforms, Facebook, Instagram, and TikTok, you can post

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Speaker 6: the exact same content on all those platforms and then

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Speaker 6: use your business content on LinkedIn.

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Speaker 3: So I want to talk about, you know, building relationships.

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Speaker 3: I know you worked with the Kardashians, right, yep, So

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Speaker 3: how did that go?

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Speaker 4: What's the story behind that?

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Speaker 6: So that started back in the Fashion Nova days, when

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Speaker 6: Fashion nov was first getting started. I was driving to

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Speaker 6: Kylie's house and driving to Kim's house and addresses and cashiers,

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Speaker 6: check or wire transfer whatever it was back then, to

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Speaker 6: do posts. And then fifty I was doing their campaigns.

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Speaker 6: They were spending six figures a month with me, sometimes

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Speaker 6: millions dollars a month with me. Same thing. I go

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Speaker 6: over to Kylie's house, go over to Kim's house, drop

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Speaker 6: off fifty, explain what I wanted for the posts, and

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Speaker 6: from there I was doing Black China, Scott Disick, amber Rose,

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Speaker 6: all the different characters on social media. When it was

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Speaker 6: first getting started, you know, they only had five hundred

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Speaker 6: thousand fowers and a million, then two million, ten million.

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Speaker 6: They didn't have hundreds of millions of followers like now,

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Speaker 6: and so watching the evolution of it has been fascinating

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Speaker 6: to see the fashion of as the fifties pretty little thing,

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Speaker 6: all these different brands that have scaled from social media,

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Speaker 6: but it all really started back in the fashion of

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Speaker 6: the fifteen days.

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Speaker 3: Okay, so my follow up question for that is, but

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Speaker 3: people that's looking to work with influencers, now, what advice

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Speaker 3: would you give them to you know, start working, like

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Speaker 3: if they have a clothing brand or if they are

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Speaker 3: a trainer, what advice would you give people that's looking

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Speaker 3: to work with influencers.

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Speaker 6: Absolutely, it's never been easier to get connected with an

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Speaker 6: influencer because you can just slide in their dms, they

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Speaker 6: have their email addresses and most of the time in

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Speaker 6: their bios, and you can also go to platforms where

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Speaker 6: they're not as big. So let's say they're on Instagram

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Speaker 6: and they got three million followers, they might not see

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Speaker 6: your DMS, but on Facebook or Twitter or LinkedIn, they

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Speaker 6: might only have four thousand followers or fifty thousan followers,

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Speaker 6: one hundred thousand followers, et cetera. So it's easier to

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Speaker 6: connect with them not on their main platform by dming

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Speaker 6: or emailing them on a different platform. Also, be really

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Speaker 6: clear with what you want to offer. So if you're

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Speaker 6: saying I want to give you free clothes, or I

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Speaker 6: want to pay you two hundred bucks or five hundred

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Speaker 6: bucks or a thousand bucks or whatever you want to

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Speaker 6: pay for the posts, make that clear in the first

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Speaker 6: five words of your message so that they open up

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Speaker 6: your message. This is really important. Don't say Hi, how

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Speaker 6: are you doing, and then say I want to pay

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Speaker 6: you five hundred bucks, because what will happen is if

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Speaker 6: I'm Amber Rose or I'm Taiga and I'm looking at

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Speaker 6: your DM that came in, I'm going to see, Hi,

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Speaker 6: how are you doing. I've got thousands of those, so

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Speaker 6: I'm not even going to open it if I'm the influencer.

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Speaker 6: Does that make sense? So it's important in the very

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Speaker 6: there's a few words to say, paid posts, free clothes.

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Speaker 6: Start off with exactly what you want to offer in

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Speaker 6: the first five words so that they can see it.

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Speaker 5: That makes perfect sense. That happens a lot if I

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Speaker 5: look at my dms and somebody says, hey, mister millions,

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Speaker 5: I'm always looking because I feel like there's a student

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Speaker 5: from my past that's reaching out to me, So that's

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Speaker 5: very important. I want to tell about the consistency right

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Speaker 5: as your network and you're gaining obviously clients, you have

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Speaker 5: to be consistent with what you're putting up at what's

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Speaker 5: the strategic plan that you have or does it change

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Speaker 5: based on clients' needs? Yep.

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Speaker 6: So what's interesting for for our agency? For example, we

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Speaker 6: paid three five hundred influencers just this year, so thirty

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Speaker 6: five hundred separate w NI influencers. And if you understand influencers,

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Speaker 6: that's like chasing cats, like to try to get them

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Speaker 6: to fill out a W nine form. It's not easy

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Speaker 6: in the influencer space. That happened because of the consistencies.

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Speaker 6: For the last nine years, I have no long term contracts.

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Speaker 6: I do all the TV shows for BT for the

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Speaker 6: last four years. I do everything for Oracle for the

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Speaker 6: last five years. All my clients are four years, five years,

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Speaker 6: six years, nine years, et cetera. From consistency, not from

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Speaker 6: them being locked into contracts. I don't even have a

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Speaker 6: long term contract. The way I do it is everything

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Speaker 6: I say, I underpromise and I over deliver and by

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Speaker 6: doing that, even if it's just a little bit. If

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Speaker 6: I do that, the clients are gonna reorder over and

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Speaker 6: over and over. And that's what my whole life's been like,

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Speaker 6: is that I always say, hey, you know what, we're

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Speaker 6: gonna get you one million views. If we get them

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Speaker 6: one point nine million, what's gonna happen. They're gonna reorder, right.

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Speaker 6: But what if I over exaggerate and say, you know what,

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Speaker 6: I'm gonna get you two point five million views and

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Speaker 6: then I get them one point nine I'm a failure, right,

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Speaker 6: They're gonna fire me. And so I always underestimate what

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Speaker 6: I'm gonna do for them, and don't ever say like,

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Speaker 6: I'm gonna get you fifty posts and then get them

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Speaker 6: forty five. They'll hate me. If I say I'm gonna

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Speaker 6: get you thirty posts and get you in forty five,

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Speaker 6: I fifty percent over delivered. And so I'm not gonna

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Speaker 6: lose a client by saying something that's a realistic number

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Speaker 6: and then overperforming. A lot of times people say I'm

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Speaker 6: gonna get you one hundred different posts, and I'm gonna

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Speaker 6: get you. I remind you, is why would you You

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Speaker 6: don't have to do that? You don't have to exaggerate,

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Speaker 6: and so I'm really big on underpromising and over delivering.

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Speaker 4: Yeah, that's extremely important. And I learned that.

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Speaker 3: You know, I used to be in financial services, and

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Speaker 3: it's like as an advisor, like you might tell somebody,

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Speaker 3: you know, you can expect a six percent rate of

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Speaker 3: return over the course of a couple of years, and

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Speaker 3: then if they get a twelve percent rate of return,

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Speaker 3: then they're looking at you like, you know, you're a hero.

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Speaker 3: But if you told them that you're going to get

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Speaker 3: an eighteen percent rate of return, even if they get

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Speaker 3: fifteen percent rate of return, which actually leads the market,

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Speaker 3: they're disappointed because the expectations that you set early on

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Speaker 3: were too high.

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Speaker 4: That's an extremely valuable lesson.

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Speaker 3: You have to know how to set not even realistic expectations,

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Speaker 3: a little lower than realistic expectations so you can over

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Speaker 3: deliver and now psychologically you look like a champion as

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Speaker 3: opposed to somebody that didn't hit the benchmark in.

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Speaker 6: All aspects of life. Imagine you tell your wife, I'm

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Speaker 6: gonna be home at nine o'clock and you get there.

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Speaker 6: You're in trouble, right, you say I'm gonna get there

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Speaker 6: a ten o'clock get their nine twenty five. You're a hero.

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Speaker 5: I missed you so much, honey, I came home early.

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Speaker 3: I want to I want to talk about branching out right.

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Speaker 3: So it's like you have multiple streams of income. And

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Speaker 3: this is something that a lot of entrepreneurs struggle with

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Speaker 3: as well, where they always hear that that that's saying

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Speaker 3: you need seven streams of income, and I always say, like,

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Speaker 3: it's not necessarily that you need seven stream seven different

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Speaker 3: businesses or seven different jobs. You just need to perfect

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Speaker 3: one thing really well and then you'll have spinoffs off

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Speaker 3: of that one thing. So like a restaurant, right, Like

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Speaker 3: a restaurant owner can now you know, write a cookbook.

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Speaker 3: A restaurant owner can now you know, be a private chef,

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Speaker 3: they can coach, they can consult other restaurants. So you

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Speaker 3: can create a whole ecosystem of revenue streams based off

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Speaker 3: of one level of expertise. So how have you been

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Speaker 3: able to to kind of, you know, diversify your business

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Speaker 3: model by doing moremultiple different things off of your core

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Speaker 3: principle of business.

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Speaker 6: So my core businesses Elevator Studios, that's my social media agency.

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Speaker 6: I've done it for niney years. I'm gonna do it

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Speaker 6: for many many years. I'm never going to sell it

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Speaker 6: because you can't sell agency. You only get a one

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Speaker 6: x multiple users on agencies, So I'm never going to

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Speaker 6: exit my agency. I use it for leverage to do

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Speaker 6: exactly what you just said. I now have Elevator Rolling Fund,

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Speaker 6: which is my hedge fund. I have Elevator Syndicate, which

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Speaker 6: is eight hundred and forty six investors in my syndicate group,

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Speaker 6: so I get twenty percent of fees when I invest

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Speaker 6: into deals. We did forty one million dollars in investments

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Speaker 6: just this year. So I'm using my social media agency

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Speaker 6: as my leverage point to pay influencers to build the brand,

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Speaker 6: get connections with brands. Relationships make influencers happy because I'm

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Speaker 6: paying them for stuff. And then when I invest in

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Speaker 6: the companies, I now have favors, right because I in

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Speaker 6: mess in this company and say hey, I made you

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Speaker 6: one hundred grand the last four months on social media,

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Speaker 6: will you post about this drink or this food, or

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Speaker 6: this skateboard or this brand or this bike or this

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Speaker 6: restaurant whatever, And they're happy to do it because I've

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Speaker 6: helped make them money. And so I use my core

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Speaker 6: business exactly like you said, and then I branch out

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Speaker 6: where I'm speaking at events. I throw Elevator Nights, which

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Speaker 6: is my free event. I don't make money from that,

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Speaker 6: but it's my free event that I bring in three

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Speaker 6: hundred to one thousand guests at each event. But all

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Speaker 6: these things build relationship, some of them build income, but

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Speaker 6: all of it comes from the stem of this is

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Speaker 6: my core business. I do social media posts. I've done

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Speaker 6: one hundred and ten thousand paid posts. That's my day job.

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Speaker 6: That's my core business. And then all the other things

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Speaker 6: are tacked on under the exact same name too. It's

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Speaker 6: all Elevator. Just like you said, there.

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Speaker 5: Was a lot inside of it. And I'm glad you

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Speaker 5: brought up the word the syndicated investing because I was

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Speaker 5: watching the clip on it. I'm like, that's pretty interesting.

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Speaker 5: Can you break down exactly syndicate investing? And I guess

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Speaker 5: angel investing because I feel like maybe our audience is

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Speaker 5: familiar with the angel side of it. But you spoke

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Speaker 5: about syndicate. Can you break that down?

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Speaker 6: Yep, So as an angel investor, that's you as an individual.

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Speaker 6: So I've done forty three angel investments, average one hundred

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Speaker 6: thousand and five hundred thousand per check. Most angel investments

432
00:20:55,600 --> 00:20:57,159
Speaker 6: range from a twenty five thousand, which is kind of

433
00:20:57,160 --> 00:20:59,760
Speaker 6: the average check, to one hundred thousand. Even the really

434
00:20:59,800 --> 00:21:01,359
Speaker 6: really wealthy guys are doing twenty five k to one

435
00:21:01,400 --> 00:21:03,879
Speaker 6: hundred K, and then when they get into it deeper,

436
00:21:03,920 --> 00:21:06,359
Speaker 6: they'll start to do to fifty five hundred, et cetera.

437
00:21:06,480 --> 00:21:08,320
Speaker 6: If they're really behind a brand, if they're really behind

438
00:21:08,320 --> 00:21:11,359
Speaker 6: the business. On the syndicate side, the eight hundred and

439
00:21:11,400 --> 00:21:14,320
Speaker 6: forty six investors that are there, that's where I'm able

440
00:21:14,320 --> 00:21:15,840
Speaker 6: to do a zoom call like this and say, Hey,

441
00:21:16,240 --> 00:21:19,280
Speaker 6: I'm raising money for let's call it ever Bowl, which

442
00:21:19,320 --> 00:21:21,800
Speaker 6: is an asie bowl chain. I'm raising money for ever Bowl.

443
00:21:22,200 --> 00:21:25,280
Speaker 6: I'm investing five hundred thousand, my friends investing one hundred thousand,

444
00:21:25,359 --> 00:21:27,840
Speaker 6: this person investing two hundred thousand. So collectively, me and

445
00:21:27,840 --> 00:21:29,879
Speaker 6: four friends we're putting in a million bucks. We're raising

446
00:21:29,880 --> 00:21:33,040
Speaker 6: four million dollars more. Now, the syndicate members can make

447
00:21:33,040 --> 00:21:36,399
Speaker 6: a decisions bluely optional. If they want to invest, they

448
00:21:36,440 --> 00:21:39,080
Speaker 6: can say I'll do twenty five K, I'll do fifty K,

449
00:21:39,119 --> 00:21:40,560
Speaker 6: I'll do one hundred K, and they can text your

450
00:21:40,600 --> 00:21:42,840
Speaker 6: emails saying that they're going to invest as a group.

451
00:21:43,640 --> 00:21:46,879
Speaker 6: Now those forty two people come in. We've raised the

452
00:21:46,880 --> 00:21:49,720
Speaker 6: four million dollars plus the million dollars that me and

453
00:21:49,720 --> 00:21:51,720
Speaker 6: my friends are contributing, so now we have five million

454
00:21:51,720 --> 00:21:54,440
Speaker 6: dollars to give to the company. Ever bowl in this example,

455
00:21:55,040 --> 00:21:57,640
Speaker 6: we then give the five million dollars to the company.

456
00:21:57,760 --> 00:22:01,080
Speaker 6: The founders were happy because they're getting one check. All

457
00:22:01,119 --> 00:22:03,040
Speaker 6: of the people in the syndicate group have to wire

458
00:22:03,119 --> 00:22:05,680
Speaker 6: to me an elevator syndicate, and then I wire one

459
00:22:05,760 --> 00:22:08,440
Speaker 6: check to the company, which is important because the company

460
00:22:08,560 --> 00:22:10,399
Speaker 6: doesn't have to deal with forty seven different people. They

461
00:22:10,440 --> 00:22:14,480
Speaker 6: just deal with me. They have optional to inter interact

462
00:22:14,520 --> 00:22:17,000
Speaker 6: with them because they're strategic investors, but they don't have to.

463
00:22:17,359 --> 00:22:19,720
Speaker 6: So syndication deals are really powerful in that fashion for

464
00:22:19,800 --> 00:22:22,320
Speaker 6: an entrepreneur because you can collectively raise a bunch of

465
00:22:22,359 --> 00:22:24,760
Speaker 6: money in smaller twenty five K, fifty K, hundred k

466
00:22:24,840 --> 00:22:28,320
Speaker 6: checks for the company. Now the syndicate in our in

467
00:22:28,359 --> 00:22:32,080
Speaker 6: our situation, there is a twenty percent carry, so some

468
00:22:32,119 --> 00:22:33,879
Speaker 6: people take a two and twenty. It was like a

469
00:22:33,920 --> 00:22:36,159
Speaker 6: normal hedge fund where you'd take two percent of the

470
00:22:36,160 --> 00:22:38,879
Speaker 6: money raised. So five million in that example, normally we

471
00:22:39,040 --> 00:22:41,520
Speaker 6: take two percent. We don't take that and then twenty

472
00:22:41,520 --> 00:22:43,080
Speaker 6: percent and not say you shouldn't. In case you do

473
00:22:43,080 --> 00:22:45,480
Speaker 6: a syndicate, you can and should take the two percent

474
00:22:45,880 --> 00:22:48,919
Speaker 6: and then the twenty percent carry is when that company sells.

475
00:22:48,960 --> 00:22:50,800
Speaker 6: So let's say we put in five million at a

476
00:22:50,800 --> 00:22:52,520
Speaker 6: fifteen million vialuation and we own a third of the

477
00:22:52,520 --> 00:22:55,440
Speaker 6: business in that example, later that company that was worth

478
00:22:55,480 --> 00:22:59,679
Speaker 6: fifteen million sells for sixty The syndicate investors get their

479
00:22:59,720 --> 00:23:02,320
Speaker 6: money act at the fifteen million nuation and then out

480
00:23:02,320 --> 00:23:05,480
Speaker 6: of the forty five million, we then get twenty percent

481
00:23:05,800 --> 00:23:07,880
Speaker 6: of their profits. So we don't get any money from

482
00:23:07,880 --> 00:23:10,200
Speaker 6: what they put in, but we get twenty percent above.

483
00:23:10,240 --> 00:23:12,119
Speaker 6: So let's say you put in one hundred thousand and

484
00:23:12,160 --> 00:23:14,359
Speaker 6: you got back four hundred thousand, we would get twenty

485
00:23:14,359 --> 00:23:17,160
Speaker 6: percent with a three hundred thousand profit as a syndicate group.

486
00:23:17,440 --> 00:23:21,120
Speaker 6: And you guys can replicate this for business. People can

487
00:23:21,160 --> 00:23:23,200
Speaker 6: do it for real estate as well. It's a different model.

488
00:23:23,640 --> 00:23:26,000
Speaker 6: You can't use angelists. Angelists is what we use. That's

489
00:23:26,000 --> 00:23:28,679
Speaker 6: the biggest platform in the world. It's very inexpensive to

490
00:23:28,760 --> 00:23:30,919
Speaker 6: use it. If anybody wants to do a syndicate, but

491
00:23:30,960 --> 00:23:33,600
Speaker 6: we use angelists. You cannot do that for real estate,

492
00:23:33,640 --> 00:23:35,479
Speaker 6: but you can do syndication deals for real estate. It's

493
00:23:35,560 --> 00:23:38,600
Speaker 6: really a powerful way to raise capital and smaller checks

494
00:23:38,720 --> 00:23:39,520
Speaker 6: for one big deal.

495
00:23:41,960 --> 00:23:45,479
Speaker 3: So you're in the business, you say you put up

496
00:23:45,640 --> 00:23:47,120
Speaker 3: hundreds of thousands of the posts, right?

497
00:23:48,560 --> 00:23:49,480
Speaker 4: What? Okay?

498
00:23:49,520 --> 00:23:52,840
Speaker 3: This is the million dollar question. What is the secret

499
00:23:53,000 --> 00:23:55,439
Speaker 3: formula for having post work?

500
00:23:55,640 --> 00:23:55,760
Speaker 5: Like?

501
00:23:56,000 --> 00:23:58,160
Speaker 4: What works and what does not work?

502
00:23:59,080 --> 00:24:02,119
Speaker 6: So it's interesting I've handwritten almost all the captions. Out

503
00:24:02,119 --> 00:24:04,280
Speaker 6: of one hundred and ten thousand posts, We've done almost

504
00:24:04,320 --> 00:24:08,639
Speaker 6: every caption I've written. And the basic things are the

505
00:24:08,680 --> 00:24:12,200
Speaker 6: human eye the brain. When we're scrolling through social media

506
00:24:12,240 --> 00:24:14,119
Speaker 6: and we see something that we like that gets us

507
00:24:14,119 --> 00:24:17,720
Speaker 6: a serotonin, we see the visual thing that photo or video.

508
00:24:17,960 --> 00:24:21,240
Speaker 6: Let's say Kylie Jenner is holding up glow water last week. Right,

509
00:24:21,760 --> 00:24:24,800
Speaker 6: Visually you see her holding up glow water. The caption

510
00:24:25,400 --> 00:24:28,280
Speaker 6: has to be easily readable. If the caption would have

511
00:24:28,359 --> 00:24:31,720
Speaker 6: said I'm Kylie, I love glow water, thank you, and

512
00:24:31,760 --> 00:24:34,600
Speaker 6: shout out to this photographer, this location, this makeup artist,

513
00:24:34,680 --> 00:24:37,400
Speaker 6: this hairstylus, the human eye would see too many things

514
00:24:37,440 --> 00:24:40,040
Speaker 6: and too many tags, and we wouldn't think about glow Water,

515
00:24:40,200 --> 00:24:41,960
Speaker 6: and we wouldn't click on it because there's too much

516
00:24:42,000 --> 00:24:45,320
Speaker 6: action happening. If it says I love at glow Water,

517
00:24:45,840 --> 00:24:48,240
Speaker 6: now us as consumers and followers know what to do.

518
00:24:48,400 --> 00:24:51,719
Speaker 6: Right if she says I love Fashionova or thank you

519
00:24:51,760 --> 00:24:54,040
Speaker 6: to Fit t et cetera, the human eye knows what

520
00:24:54,119 --> 00:24:56,639
Speaker 6: to do because there's only three to eight words of

521
00:24:56,680 --> 00:25:00,800
Speaker 6: what to click on. If it starts to be a sentence,

522
00:25:01,119 --> 00:25:02,720
Speaker 6: the human eye will skip through it. When you give

523
00:25:02,800 --> 00:25:05,040
Speaker 6: us too many options, we choose none. And so it's

524
00:25:05,080 --> 00:25:08,080
Speaker 6: really important when you do shoutouts, when you do influencer campaigns,

525
00:25:08,400 --> 00:25:11,159
Speaker 6: make the caption really easy to read. Ideally it's like

526
00:25:11,240 --> 00:25:14,640
Speaker 6: four to fifteen words and it's not like a speech.

527
00:25:15,080 --> 00:25:18,679
Speaker 6: It's not tagging multiple things, there's no extra hashtags. Just

528
00:25:18,680 --> 00:25:20,439
Speaker 6: think about what the human eye could see, and think

529
00:25:20,440 --> 00:25:22,760
Speaker 6: about for yourself when you're scrolling through, what do you

530
00:25:22,800 --> 00:25:24,640
Speaker 6: want to look at? If you see something with five

531
00:25:24,640 --> 00:25:26,159
Speaker 6: tags in it, you're not going to click any of

532
00:25:26,160 --> 00:25:27,359
Speaker 6: them because there's too much noise.

533
00:25:28,359 --> 00:25:31,040
Speaker 4: So you say how many words max?

534
00:25:31,840 --> 00:25:32,160
Speaker 2: You want?

535
00:25:32,200 --> 00:25:34,479
Speaker 6: Four to fifteen so that way it doesn't go more

536
00:25:34,520 --> 00:25:37,199
Speaker 6: than three sentences. On Instagram, for example, you don't want

537
00:25:37,200 --> 00:25:39,800
Speaker 6: to go more than three sentences because then it becomes

538
00:25:40,320 --> 00:25:42,280
Speaker 6: under the fold. Under the fold means they have to

539
00:25:42,280 --> 00:25:43,760
Speaker 6: click it to be able to see the rest of

540
00:25:43,800 --> 00:25:45,280
Speaker 6: the words. You don't want to be able to have.

541
00:25:45,359 --> 00:25:46,520
Speaker 6: You don't want them to have to click it.

542
00:25:48,359 --> 00:25:51,399
Speaker 5: How often are you updating you know the changes that

543
00:25:51,520 --> 00:25:54,800
Speaker 5: happen on social media, right, because that makes sense and

544
00:25:54,800 --> 00:25:56,720
Speaker 5: it sounds like, yeah, we could do that, but then

545
00:25:56,880 --> 00:25:59,800
Speaker 5: there's an algorithm that catches us and then people don't

546
00:25:59,800 --> 00:26:01,919
Speaker 5: see you will we're posting. How do you combat that?

547
00:26:02,920 --> 00:26:05,560
Speaker 6: So the hard part with the algorithm it changes every day,

548
00:26:05,640 --> 00:26:07,640
Speaker 6: not every week, not every month. We just don't notice

549
00:26:07,680 --> 00:26:10,000
Speaker 6: all the little changes that happen as they're testing, and

550
00:26:10,040 --> 00:26:14,159
Speaker 6: they're testing for different segments, different audiences, different countries, different cities,

551
00:26:14,160 --> 00:26:16,600
Speaker 6: et cetera. So there's a lot of changes happening. The

552
00:26:16,640 --> 00:26:18,320
Speaker 6: main thing to keep in mind is if you want

553
00:26:18,320 --> 00:26:22,080
Speaker 6: people to see your content is keep your photos and

554
00:26:22,160 --> 00:26:25,920
Speaker 6: videos for the people that are watching, not for yourself.

555
00:26:26,560 --> 00:26:28,800
Speaker 6: If you make share about content, people engage with it,

556
00:26:29,040 --> 00:26:32,240
Speaker 6: whether you show them something interesting, make them laugh, or

557
00:26:32,240 --> 00:26:34,480
Speaker 6: teach them something. If you do one of those three things.

558
00:26:34,600 --> 00:26:36,560
Speaker 6: If you teach them something, they will share it. If

559
00:26:36,600 --> 00:26:40,200
Speaker 6: they share it, Instagram knows ding you're doing something good

560
00:26:40,280 --> 00:26:43,440
Speaker 6: because someone forwarded your posts. If they see that people

561
00:26:43,480 --> 00:26:45,720
Speaker 6: are liking it, Ding, they see that people like it,

562
00:26:45,800 --> 00:26:47,119
Speaker 6: now they're going to show it to some more people.

563
00:26:47,320 --> 00:26:49,920
Speaker 6: If you made them laugh and they're tagging their friends, Ding,

564
00:26:50,320 --> 00:26:52,800
Speaker 6: see what you have to make people want to engage.

565
00:26:52,800 --> 00:26:54,360
Speaker 6: The way you do it is make the content for

566
00:26:54,400 --> 00:26:57,400
Speaker 6: the people. That part will never change. The algorithm will

567
00:26:57,400 --> 00:27:00,440
Speaker 6: always reward engagement on the posts. The way to get

568
00:27:00,480 --> 00:27:02,679
Speaker 6: engagement is to make it for the people watching, not

569
00:27:02,760 --> 00:27:03,280
Speaker 6: for yourself.

570
00:27:05,880 --> 00:27:09,639
Speaker 3: So how do you feel about videos?

571
00:27:09,680 --> 00:27:10,880
Speaker 4: How long should a video?

572
00:27:11,119 --> 00:27:13,280
Speaker 3: Because now every video is a real even if it's

573
00:27:13,480 --> 00:27:16,560
Speaker 3: four minutes, it's still a real And we know that

574
00:27:16,640 --> 00:27:21,280
Speaker 3: reels performed better than just regular videos.

575
00:27:21,400 --> 00:27:23,600
Speaker 4: How long should a video be?

576
00:27:24,840 --> 00:27:27,240
Speaker 6: So for the most part, I don't do any videos

577
00:27:27,280 --> 00:27:30,320
Speaker 6: on over fifty nine seconds. We live in a very

578
00:27:30,320 --> 00:27:34,439
Speaker 6: add society, and TikTok has made it even faster. You know,

579
00:27:34,520 --> 00:27:37,160
Speaker 6: Vine first made it really fast at six seconds. Instagram

580
00:27:37,200 --> 00:27:39,280
Speaker 6: was fifteen seconds and then finally became sixty and then

581
00:27:39,320 --> 00:27:42,639
Speaker 6: they made IGTV. But IGTV is the proof that people

582
00:27:42,680 --> 00:27:45,960
Speaker 6: are not watching long form content on Instagram because IGTV

583
00:27:46,080 --> 00:27:49,000
Speaker 6: is not here, so people are not going through that

584
00:27:49,119 --> 00:27:52,159
Speaker 6: platform to watch long form content. They are there for

585
00:27:52,359 --> 00:27:55,440
Speaker 6: short form content. Same thing with ig stories. You want

586
00:27:55,440 --> 00:27:58,359
Speaker 6: to keep your clips under fifteen clips because if you

587
00:27:58,400 --> 00:28:00,480
Speaker 6: have forty five clips, we're going to keep all of

588
00:28:00,520 --> 00:28:02,920
Speaker 6: them because we're not in that time. We're not there

589
00:28:03,280 --> 00:28:06,240
Speaker 6: in our mindset when we're looking at ig stories, we

590
00:28:06,280 --> 00:28:09,399
Speaker 6: want to be fast, and so when someone's enjoying Instagram,

591
00:28:09,520 --> 00:28:11,320
Speaker 6: you want to keep those videos to under a minute

592
00:28:11,359 --> 00:28:13,240
Speaker 6: for the most part, unless you need a deep dive,

593
00:28:13,359 --> 00:28:15,680
Speaker 6: unless you need to go down the rabbit hole. On YouTube,

594
00:28:15,680 --> 00:28:18,639
Speaker 6: it's the opposite. Unless you're doing a YouTube short. You

595
00:28:18,680 --> 00:28:21,480
Speaker 6: want to make four minute, twelve minute, twenty minute videos

596
00:28:21,480 --> 00:28:24,280
Speaker 6: because that's where people are going for long form content.

597
00:28:24,359 --> 00:28:26,600
Speaker 6: YouTube is like TV to people, so they'll watch them

598
00:28:26,600 --> 00:28:28,800
Speaker 6: from content. But for the most part, just keep in

599
00:28:28,840 --> 00:28:31,639
Speaker 6: mind what you would watch if you're on Instagram, you're

600
00:28:31,680 --> 00:28:34,239
Speaker 6: on Twitter, you're on Facebook. Under sixty seconds is what

601
00:28:34,280 --> 00:28:35,919
Speaker 6: I do for all my videos because I want it

602
00:28:35,920 --> 00:28:37,520
Speaker 6: and all my ads. I don't do any ads over

603
00:28:37,560 --> 00:28:40,840
Speaker 6: fifty nine seconds. Never, It's never happened. Never will you

604
00:28:40,920 --> 00:28:43,800
Speaker 6: want people to be able to consume that content in

605
00:28:43,840 --> 00:28:46,960
Speaker 6: a short in a short form fashion, unless you're on YouTube.

606
00:28:48,480 --> 00:28:52,560
Speaker 5: So when you have obviously high profile clients, is there

607
00:28:52,800 --> 00:28:56,800
Speaker 5: a specific peak time that you ideally that you like

608
00:28:56,880 --> 00:29:00,120
Speaker 5: to pose in How consistently, how consistently and how how

609
00:29:00,120 --> 00:29:03,240
Speaker 5: many times or how often do you suggest people posts

610
00:29:03,880 --> 00:29:05,160
Speaker 5: YEP on a daily basis.

611
00:29:05,520 --> 00:29:07,920
Speaker 6: So the main thing to keep in mind is it's

612
00:29:07,960 --> 00:29:09,400
Speaker 6: kind of like if a tree falls in the forest

613
00:29:09,400 --> 00:29:11,480
Speaker 6: and no one's around. The main thing to do is

614
00:29:11,480 --> 00:29:14,280
Speaker 6: posting people are awake. I often see people posting at

615
00:29:14,280 --> 00:29:17,120
Speaker 6: three am and midnight, et cetera, and then they're on

616
00:29:17,160 --> 00:29:19,240
Speaker 6: the West coast and now it's three hours later on

617
00:29:19,280 --> 00:29:22,160
Speaker 6: the East coast. If people are awake, they cannot engage

618
00:29:22,160 --> 00:29:24,520
Speaker 6: with their content and they are unlikely to see it

619
00:29:24,560 --> 00:29:26,600
Speaker 6: the next day because if your post doesn't do well,

620
00:29:27,040 --> 00:29:29,080
Speaker 6: Instagram or the other platforms are not going to show

621
00:29:29,120 --> 00:29:30,840
Speaker 6: it to them, and so then it's like a double

622
00:29:30,840 --> 00:29:33,560
Speaker 6: whammy against you. So the main trick is posting people

623
00:29:33,600 --> 00:29:36,720
Speaker 6: are awake first. Second, when you start to get granular,

624
00:29:37,680 --> 00:29:39,640
Speaker 6: eight and nine in the morning is always going to

625
00:29:39,640 --> 00:29:41,800
Speaker 6: be the best because that's when people are first getting up,

626
00:29:42,160 --> 00:29:44,960
Speaker 6: going to work, first getting to school or they're at work,

627
00:29:45,000 --> 00:29:46,480
Speaker 6: and the first thing they do is check their phone.

628
00:29:46,800 --> 00:29:48,880
Speaker 6: And so a lot of the things I talk about

629
00:29:48,920 --> 00:29:50,720
Speaker 6: are just real life common sense. The same way you

630
00:29:50,760 --> 00:29:53,520
Speaker 6: read a caption, the same way human behavior is if

631
00:29:53,520 --> 00:29:55,600
Speaker 6: my eye can't see it, or I'm on my way

632
00:29:55,600 --> 00:29:58,040
Speaker 6: to work, that's the times that I'm looking at content.

633
00:29:58,400 --> 00:30:01,040
Speaker 6: The next part is at five pm. Five pm to

634
00:30:01,080 --> 00:30:03,800
Speaker 6: six pm is when people are leaving work, leaving school,

635
00:30:03,960 --> 00:30:08,600
Speaker 6: just getting home. During that time, it can also now breathe.

636
00:30:08,840 --> 00:30:12,000
Speaker 6: Breathing means the post is getting some engagement, and it

637
00:30:12,040 --> 00:30:14,200
Speaker 6: can breathe because the platform is showing to more people.

638
00:30:14,640 --> 00:30:16,400
Speaker 6: And so if you post at five to six pm

639
00:30:16,480 --> 00:30:18,640
Speaker 6: and people are starting to trickle home again, one of

640
00:30:18,680 --> 00:30:20,800
Speaker 6: the first things they do is they open up their

641
00:30:20,840 --> 00:30:23,360
Speaker 6: phones to look at social media. So eight to nine

642
00:30:23,360 --> 00:30:25,000
Speaker 6: in the morning when they first get to school or work,

643
00:30:25,240 --> 00:30:27,640
Speaker 6: five to six pm when they're first leaving all of

644
00:30:27,640 --> 00:30:31,160
Speaker 6: my posts for paid posts, I'm requesting an eight am

645
00:30:31,160 --> 00:30:32,800
Speaker 6: post or a nine am post, depending on what city

646
00:30:32,800 --> 00:30:34,960
Speaker 6: they're in, or a five or six pm posts, depending

647
00:30:34,960 --> 00:30:37,800
Speaker 6: on what city are Then Monday through Friday, the weekends

648
00:30:37,880 --> 00:30:40,400
Speaker 6: are much different because there is no driving to work,

649
00:30:40,440 --> 00:30:42,760
Speaker 6: there is no getting home from school, et cetera. So

650
00:30:42,800 --> 00:30:45,680
Speaker 6: the weekends are mostly just posting any time between eight

651
00:30:45,680 --> 00:30:48,960
Speaker 6: am and six pm. It could be eleven, one three.

652
00:30:49,240 --> 00:30:52,880
Speaker 6: There's no formula to the weekends because sometimes there's football games,

653
00:30:53,040 --> 00:30:56,280
Speaker 6: sometimes there's award show, sometimes there's them going to a picnic.

654
00:30:56,280 --> 00:30:58,520
Speaker 6: There's things happening on the weekends. So you're gonna have

655
00:30:58,520 --> 00:31:00,240
Speaker 6: a very different ebb and flow when it comes to

656
00:31:00,280 --> 00:31:02,960
Speaker 6: the weekends. But Monday through Friday, keep in mind eight

657
00:31:03,000 --> 00:31:05,400
Speaker 6: am to nine pm is ideal and five to six

658
00:31:05,440 --> 00:31:06,200
Speaker 6: pm is ideal.

659
00:31:07,200 --> 00:31:09,640
Speaker 3: Is when you say PM, are you are you referring

660
00:31:09,640 --> 00:31:12,040
Speaker 3: to Eastern Standard Time, So.

661
00:31:12,920 --> 00:31:15,680
Speaker 6: I'm referring to a PSD referring to the West Coast time,

662
00:31:15,760 --> 00:31:18,880
Speaker 6: except if the majority of your followers are in East Coast,

663
00:31:18,880 --> 00:31:21,320
Speaker 6: then the time is the same for you. If you

664
00:31:21,360 --> 00:31:24,360
Speaker 6: have a national audience or international audience, then you're going

665
00:31:24,440 --> 00:31:26,240
Speaker 6: to want to go a bit earlier, keeping in mind

666
00:31:26,280 --> 00:31:27,400
Speaker 6: the time difference.

667
00:31:27,600 --> 00:31:32,680
Speaker 3: So you look geographically where your followers are and base

668
00:31:32,720 --> 00:31:34,480
Speaker 3: it off of that.

669
00:31:35,120 --> 00:31:36,960
Speaker 6: GREGT if I have an East Coast, if I have

670
00:31:37,040 --> 00:31:39,320
Speaker 6: someone from New York or Miami doing a post, I'm

671
00:31:39,360 --> 00:31:43,200
Speaker 6: having them post usually at ten eleven am. Because that's

672
00:31:43,200 --> 00:31:44,800
Speaker 6: going to be eight to nine am out here on

673
00:31:44,840 --> 00:31:47,360
Speaker 6: the West Coast. I'm not going to have someone on

674
00:31:47,400 --> 00:31:49,200
Speaker 6: the West Coast. I won't let them post at ten

675
00:31:49,240 --> 00:31:51,160
Speaker 6: pm because that's one in the morning. You know, if

676
00:31:51,200 --> 00:31:54,240
Speaker 6: you're in Atlanta, in New York, Miami, it's so late

677
00:31:54,320 --> 00:31:57,720
Speaker 6: they're sleeping. So I'm very strict about that eight am post,

678
00:31:57,880 --> 00:32:00,040
Speaker 6: nine am post, or five to six pm posts the

679
00:32:00,080 --> 00:32:00,920
Speaker 6: West Coast.

680
00:32:01,680 --> 00:32:06,080
Speaker 3: Do you feel that for entrepreneurs right? How do you

681
00:32:06,080 --> 00:32:10,320
Speaker 3: feel about people selling from social media pages? Do you

682
00:32:10,320 --> 00:32:13,360
Speaker 3: think that social media should just be, you know, not

683
00:32:13,440 --> 00:32:16,000
Speaker 3: really for a hard sale or can you sell from

684
00:32:16,040 --> 00:32:16,920
Speaker 3: a social media page?

685
00:32:16,920 --> 00:32:17,760
Speaker 4: How do you feel about that?

686
00:32:18,280 --> 00:32:21,440
Speaker 6: You absolutely positively can sell from a social media page.

687
00:32:22,000 --> 00:32:25,720
Speaker 6: If you believe in something that it helps people either

688
00:32:25,800 --> 00:32:29,400
Speaker 6: make more money, better credit, get a house, lose weight,

689
00:32:30,000 --> 00:32:33,600
Speaker 6: improve their marriage, better food, et cetera. It is rude

690
00:32:33,600 --> 00:32:36,040
Speaker 6: of you not to sell it. If you think what

691
00:32:36,080 --> 00:32:38,760
Speaker 6: you sell helps people, it is rude of you not

692
00:32:38,800 --> 00:32:42,240
Speaker 6: to sell it. And people pay for what they believe in.

693
00:32:42,680 --> 00:32:45,400
Speaker 6: So if someone buys something from you and you're selling

694
00:32:45,440 --> 00:32:47,320
Speaker 6: them something at one hundred dollars where you give it

695
00:32:47,320 --> 00:32:49,480
Speaker 6: to them for free, I promise to you without a

696
00:32:49,520 --> 00:32:51,320
Speaker 6: shot of a doubt. I've done this my whole life.

697
00:32:51,520 --> 00:32:53,120
Speaker 6: If they paid one hundred bucks, they will take it

698
00:32:53,120 --> 00:32:55,080
Speaker 6: way more seriously. They'll be given to them for free.

699
00:32:55,840 --> 00:32:57,360
Speaker 6: And a lot of people are taken back by that

700
00:32:57,960 --> 00:32:59,600
Speaker 6: because like, oh, if you believe in your product and

701
00:32:59,600 --> 00:33:01,400
Speaker 6: you're to help people, just give it away for free.

702
00:33:01,760 --> 00:33:04,240
Speaker 6: People will do not take action when they get something

703
00:33:04,280 --> 00:33:06,280
Speaker 6: for free. If you throw an event, I'll give you

704
00:33:06,320 --> 00:33:08,840
Speaker 6: an example. When I throw Elevator Nights, which is similar

705
00:33:08,840 --> 00:33:12,600
Speaker 6: to your business conference. My event's free. I have to

706
00:33:12,640 --> 00:33:14,960
Speaker 6: have two to three times the amount of people RSVP

707
00:33:15,160 --> 00:33:18,040
Speaker 6: to show up because of the free ticket. Your guys event,

708
00:33:18,040 --> 00:33:20,320
Speaker 6: if they paid two hundred, five hundred bucks, thousand bucks,

709
00:33:20,320 --> 00:33:22,400
Speaker 6: two grand, whatever, they're going to show up because they

710
00:33:22,400 --> 00:33:24,040
Speaker 6: pay five hundred bucks on a thousand bucks, right, They're

711
00:33:24,040 --> 00:33:26,600
Speaker 6: always going to show up for my event that's free.

712
00:33:27,160 --> 00:33:29,600
Speaker 6: If I don't get a thousand people RSVP, and I'm

713
00:33:29,600 --> 00:33:31,200
Speaker 6: not going to get three to five hundred people to

714
00:33:31,200 --> 00:33:33,840
Speaker 6: show up because it's a free ticket, they don't mind.

715
00:33:34,240 --> 00:33:37,840
Speaker 6: I'll be late. Who cares it was free? So when

716
00:33:37,880 --> 00:33:40,720
Speaker 6: I have my Mastermind events, My Mastermind events one hundred

717
00:33:40,720 --> 00:33:44,400
Speaker 6: thousand dollars. Nobody misses it, right, they'll cancel whatever they

718
00:33:44,400 --> 00:33:46,600
Speaker 6: have to cancel, fly across the country. The planets to

719
00:33:46,600 --> 00:33:48,280
Speaker 6: be there because they paid a lot of money to

720
00:33:48,320 --> 00:33:51,040
Speaker 6: be there. If they don't pay anything for it, they're

721
00:33:51,080 --> 00:33:53,120
Speaker 6: not going to take it as seriously. So do not

722
00:33:53,240 --> 00:33:56,080
Speaker 6: be scared to sell on social media. However, keep one

723
00:33:56,080 --> 00:33:59,240
Speaker 6: thing in mind. Do not sell every day. If you're

724
00:33:59,240 --> 00:34:02,200
Speaker 6: selling every day, people are gonna be blocking you. They

725
00:34:02,200 --> 00:34:03,560
Speaker 6: don't want to watch it. They don't want to they

726
00:34:03,600 --> 00:34:06,080
Speaker 6: don't want to feel sold to every single post. And

727
00:34:06,120 --> 00:34:09,920
Speaker 6: so the idea is, give content, make them laugh, make

728
00:34:09,960 --> 00:34:12,360
Speaker 6: it interesting, teach them something, et cetera. Boom asks for

729
00:34:12,400 --> 00:34:15,800
Speaker 6: the sale, make content, make them laugh, make them interesting,

730
00:34:15,840 --> 00:34:18,200
Speaker 6: make them part of your life. Build some emotional attachment,

731
00:34:18,400 --> 00:34:21,239
Speaker 6: top of mind awareness, Boom, go for the sale. If

732
00:34:21,280 --> 00:34:23,400
Speaker 6: you do that, I promise you your engagement will go

733
00:34:23,400 --> 00:34:25,480
Speaker 6: through the roof and they'll help you sell rather than

734
00:34:25,480 --> 00:34:27,439
Speaker 6: if you're trying to sell every day, people are gonna

735
00:34:27,480 --> 00:34:28,120
Speaker 6: stop watching.

736
00:34:29,239 --> 00:34:31,799
Speaker 3: If you don't pay, you're not paying attention. And that's

737
00:34:31,840 --> 00:34:35,000
Speaker 3: really true a lot of times. And yeah, we do

738
00:34:35,000 --> 00:34:36,520
Speaker 3: a lot of free events as well, so we know

739
00:34:37,000 --> 00:34:39,279
Speaker 3: the ratio. Sometimes it's even worse than that. Sometimes you

740
00:34:39,320 --> 00:34:40,640
Speaker 3: can have to do like a five to one, a

741
00:34:40,719 --> 00:34:43,520
Speaker 3: four to one ratio, depending on the event, depending on

742
00:34:43,520 --> 00:34:44,520
Speaker 3: the market, depending.

743
00:34:44,239 --> 00:34:44,680
Speaker 4: On the day.

744
00:34:45,960 --> 00:34:49,920
Speaker 3: And you know, it's one of these unfortunate situations, but

745
00:34:50,120 --> 00:34:54,279
Speaker 3: it's a reality. And you have a free event and

746
00:34:54,719 --> 00:34:58,000
Speaker 3: you have to get five thousand people to RSVP for

747
00:34:58,120 --> 00:35:02,040
Speaker 3: one thousand people to show up, and they just don't

748
00:35:02,080 --> 00:35:05,239
Speaker 3: take it serious because you could be an Idaho and

749
00:35:05,400 --> 00:35:08,040
Speaker 3: just RSVP for an event in Miami and it's like,

750
00:35:08,480 --> 00:35:10,560
Speaker 3: why not just do it just because.

751
00:35:12,400 --> 00:35:13,080
Speaker 4: We've seen So that's it.

752
00:35:13,160 --> 00:35:15,440
Speaker 3: I have to say that's important for when you're starting

753
00:35:15,480 --> 00:35:19,280
Speaker 3: your business. Anybody that's listening, if you have a free anything,

754
00:35:19,320 --> 00:35:23,279
Speaker 3: if you're doing giveaways, free events, understand that you have

755
00:35:23,360 --> 00:35:26,200
Speaker 3: to take that into consideration, because you might not take

756
00:35:26,239 --> 00:35:28,680
Speaker 3: that in consideration. You might just think, Okay, I'm looking

757
00:35:28,680 --> 00:35:31,040
Speaker 3: for a thousand people, A thousand people signed up for

758
00:35:31,080 --> 00:35:33,040
Speaker 3: this free giveaway, A thousand people sign up for this

759
00:35:33,080 --> 00:35:36,080
Speaker 3: free event, and I'm good, and then you get disappointed

760
00:35:36,080 --> 00:35:39,120
Speaker 3: with only three hundred or two hundred people actually show up.

761
00:35:39,160 --> 00:35:42,560
Speaker 3: So if you're if you haven't done that before, then

762
00:35:42,719 --> 00:35:45,879
Speaker 3: that's that's an important lesson that we had to learn.

763
00:35:45,960 --> 00:35:47,759
Speaker 5: Actually, yeah, we learned it in real time.

764
00:35:48,000 --> 00:35:48,560
Speaker 4: Yeah yeah.

765
00:35:48,600 --> 00:35:51,239
Speaker 5: So social media obviously play plays a major part. But

766
00:35:51,560 --> 00:35:55,200
Speaker 5: people in small businesses they have social media pages, but

767
00:35:55,280 --> 00:35:57,879
Speaker 5: they also have landed pages and websites. Can you talk

768
00:35:57,880 --> 00:36:00,960
Speaker 5: about the importance of having or give us some tips

769
00:36:01,000 --> 00:36:05,200
Speaker 5: on having a landed page or a one page website

770
00:36:05,239 --> 00:36:08,440
Speaker 5: where it's going to get the most effective traction for

771
00:36:08,480 --> 00:36:09,040
Speaker 5: our business.

772
00:36:09,400 --> 00:36:12,160
Speaker 6: Yep. So you only have three to seven seconds when

773
00:36:12,160 --> 00:36:14,719
Speaker 6: people land onto your funnel page or to your landing

774
00:36:14,760 --> 00:36:16,560
Speaker 6: page for them to make a decision if they're going

775
00:36:16,640 --> 00:36:19,040
Speaker 6: to stay. And so the very top of your page

776
00:36:19,080 --> 00:36:21,719
Speaker 6: is the most important part. The very top screen is

777
00:36:21,760 --> 00:36:24,520
Speaker 6: the most important part. To be very visual and have

778
00:36:25,400 --> 00:36:28,279
Speaker 6: four to nine words that explain what they're looking at.

779
00:36:28,480 --> 00:36:30,279
Speaker 6: Then they will make a decision if they're going to

780
00:36:30,360 --> 00:36:33,440
Speaker 6: keep scrolling. There's actual ways you can see how far

781
00:36:33,560 --> 00:36:36,320
Speaker 6: they looked, how long they spend time within your website.

782
00:36:36,320 --> 00:36:38,000
Speaker 6: They can show you it's called a heat map. They

783
00:36:38,040 --> 00:36:39,560
Speaker 6: can show you the heat map of where they went,

784
00:36:39,800 --> 00:36:42,440
Speaker 6: how long they stayed, et cetera. For the most part,

785
00:36:42,600 --> 00:36:44,560
Speaker 6: all of the decision happens in that very top of

786
00:36:44,600 --> 00:36:47,000
Speaker 6: it and in that top page. You should also have

787
00:36:47,120 --> 00:36:49,960
Speaker 6: your buy now or your RSVP or your emails sign

788
00:36:50,040 --> 00:36:52,400
Speaker 6: up should be in the bottom of that top side.

789
00:36:52,440 --> 00:36:54,080
Speaker 6: If you look visually, and let's say on your phone

790
00:36:54,120 --> 00:36:57,000
Speaker 6: or a laptop, the bottom of that top of the screen,

791
00:36:57,239 --> 00:37:01,000
Speaker 6: that bottom frame should have your buy now or claim this,

792
00:37:01,239 --> 00:37:03,359
Speaker 6: or sign up or give your email there. They call

793
00:37:03,400 --> 00:37:05,680
Speaker 6: to action should be there on the top screen because

794
00:37:05,680 --> 00:37:07,440
Speaker 6: you don't know if they're going to scroll down, but

795
00:37:07,480 --> 00:37:09,160
Speaker 6: if they see it, they can take an action if

796
00:37:09,160 --> 00:37:12,600
Speaker 6: they want to. Now. Next thing, do not have a

797
00:37:12,600 --> 00:37:15,520
Speaker 6: website with nineteen different pages. I promise you they're not

798
00:37:15,560 --> 00:37:17,759
Speaker 6: going down that rabbit hole with you. That's not what

799
00:37:17,800 --> 00:37:19,880
Speaker 6: they're there for when you're trying to sell the products,

800
00:37:20,480 --> 00:37:23,440
Speaker 6: unless you're trying to build some long term brand. And

801
00:37:23,480 --> 00:37:26,360
Speaker 6: even then people do not want to go down nineteen

802
00:37:26,400 --> 00:37:28,640
Speaker 6: different pages. You want to make it as easy as possible,

803
00:37:29,000 --> 00:37:31,280
Speaker 6: dummy proof it so when they get to your page,

804
00:37:31,360 --> 00:37:34,960
Speaker 6: if you're selling fashion or protein or CBD or real

805
00:37:35,080 --> 00:37:37,640
Speaker 6: estate or credit or whatever you're doing, top of the page,

806
00:37:37,680 --> 00:37:40,480
Speaker 6: explain what you're doing. The middle part it should definitely

807
00:37:40,520 --> 00:37:42,720
Speaker 6: be able to take an action. They're telling your story.

808
00:37:42,920 --> 00:37:44,560
Speaker 6: By the time they get to the lower third, like

809
00:37:44,760 --> 00:37:47,720
Speaker 6: two or three pages down on your one main page.

810
00:37:48,080 --> 00:37:50,600
Speaker 6: You have to be they should know, they should be

811
00:37:50,600 --> 00:37:52,399
Speaker 6: able to explain your business to other people. They should

812
00:37:52,400 --> 00:37:53,440
Speaker 6: be able to brag about.

813
00:37:53,160 --> 00:37:59,680
Speaker 3: You, Dan, as we can go on all day about this,

814
00:38:00,440 --> 00:38:03,480
Speaker 3: but you know that you you know, we respect your

815
00:38:03,520 --> 00:38:05,000
Speaker 3: time and we have a couple of other people to

816
00:38:05,040 --> 00:38:05,360
Speaker 3: bring on.

817
00:38:05,560 --> 00:38:07,080
Speaker 4: But before before we.

818
00:38:07,120 --> 00:38:09,720
Speaker 3: Let you go, I wanted to thank you for actually

819
00:38:09,760 --> 00:38:13,000
Speaker 3: adding your course to the Eyo University platform. So that's

820
00:38:13,040 --> 00:38:15,560
Speaker 3: that's part of the remodeling that we're doing. We've added

821
00:38:15,640 --> 00:38:19,279
Speaker 3: I believe nineteen different courses and Dan's course is one

822
00:38:19,320 --> 00:38:21,920
Speaker 3: of the courses that have been added to the platform.

823
00:38:21,960 --> 00:38:24,400
Speaker 3: So if you're on the Eyo University platform, then you

824
00:38:24,400 --> 00:38:25,440
Speaker 3: have access to the course.

825
00:38:25,480 --> 00:38:27,759
Speaker 5: So we should put some gems in the chat from

826
00:38:27,760 --> 00:38:28,480
Speaker 5: our earners right now.

827
00:38:28,560 --> 00:38:33,960
Speaker 4: Yeah, appreciate appreciate that. You appreciate that for sure. Thank you.

828
00:38:34,120 --> 00:38:36,319
Speaker 4: Any last words you want to leave the people with.

829
00:38:37,520 --> 00:38:40,800
Speaker 6: Just get started. So many people are scared and nervous

830
00:38:40,800 --> 00:38:43,920
Speaker 6: about getting started. If you just start, make your website,

831
00:38:44,040 --> 00:38:46,880
Speaker 6: make your social media, get your name, get your bank account,

832
00:38:46,920 --> 00:38:48,759
Speaker 6: just getting all the things getting set up, you'll feel

833
00:38:48,800 --> 00:38:50,520
Speaker 6: like a business and it's kind of like if by

834
00:38:50,560 --> 00:38:52,560
Speaker 6: three in the pool you start swimming, You're gonna feel

835
00:38:52,560 --> 00:38:54,520
Speaker 6: more way more comfortable once you start swimming.

836
00:38:56,280 --> 00:38:57,680
Speaker 4: Appreciate it. Appreciate it.

837
00:38:57,760 --> 00:38:58,320
Speaker 5: Let's start.

838
00:38:58,560 --> 00:38:58,920
Speaker 7: Then.

839
00:38:59,400 --> 00:39:01,440
Speaker 3: It was great connecting with you. I've heard a lot

840
00:39:01,480 --> 00:39:03,160
Speaker 3: about you. This is the first time I've actually been

841
00:39:03,200 --> 00:39:06,719
Speaker 3: able to connect. Hopefully we can connect again. Thank you

842
00:39:06,800 --> 00:39:08,920
Speaker 3: for coming, and once again, thank you for adding your

843
00:39:08,920 --> 00:39:09,720
Speaker 3: course to the platform.

844
00:39:09,760 --> 00:39:10,480
Speaker 4: Really appreciate it.

845
00:39:10,560 --> 00:39:12,320
Speaker 5: Happy holidays to you and the family.

846
00:39:12,719 --> 00:39:15,080
Speaker 6: You got it anytime, guys, Thank you, all.

847
00:39:15,040 --> 00:39:17,279
Speaker 4: Right, take care, all right.

848
00:39:17,360 --> 00:39:20,680
Speaker 3: I told you we're gonna have an action packed program

849
00:39:20,760 --> 00:39:23,960
Speaker 3: today the night before Thanksgiving. Who does this? Who does

850
00:39:24,000 --> 00:39:29,040
Speaker 3: this on Thanksgiving Eve? After traveling twelve and a half

851
00:39:29,120 --> 00:39:34,720
Speaker 3: hours from Abu Dhabi to New York and running around

852
00:39:34,880 --> 00:39:36,719
Speaker 3: New York City as soon as they get back.

853
00:39:37,680 --> 00:39:39,400
Speaker 4: It's pretty crazy.

854
00:39:39,960 --> 00:39:40,960
Speaker 5: Somebody's gotta do it.

855
00:39:41,440 --> 00:39:45,359
Speaker 4: Oh, somebody definitely has to do it. That is a fact.

856
00:39:45,440 --> 00:39:48,840
Speaker 4: I believe Dan is frozen. It looks like let's se we.

857
00:39:51,520 --> 00:40:00,400
Speaker 5: Yes, oh, we're joined by another gentleman on.

858
00:40:02,320 --> 00:40:03,120
Speaker 8: You're feeling the night.

859
00:40:04,000 --> 00:40:05,200
Speaker 5: Everything's good man.

860
00:40:05,320 --> 00:40:06,200
Speaker 4: Good good man?

861
00:40:07,200 --> 00:40:11,520
Speaker 3: Okay, Yes, Dan has exited. Chat Herry, what's going on Man,

862
00:40:11,560 --> 00:40:12,080
Speaker 3: how are you.

863
00:40:12,360 --> 00:40:14,400
Speaker 7: I'm feeling good, fellas Man. Thank you for having me

864
00:40:14,440 --> 00:40:15,759
Speaker 7: and I truly appreciate it.

865
00:40:16,239 --> 00:40:19,120
Speaker 5: We appreciate you taking time out. I know there was

866
00:40:19,200 --> 00:40:23,040
Speaker 5: plenty of preparation for tomorrow. I'm sure you're part of it,

867
00:40:23,160 --> 00:40:26,799
Speaker 5: but you blessed, blessed people with loads of information. So

868
00:40:26,840 --> 00:40:28,120
Speaker 5: we really appreciate that.

869
00:40:28,440 --> 00:40:29,680
Speaker 8: Thank you, Thank you so much.

870
00:40:30,320 --> 00:40:40,320
Speaker 4: The Haitian CEO. Yes, yes, yes, it's very important.

871
00:40:40,960 --> 00:40:44,960
Speaker 5: Bald head and beards. You did, you did so.

872
00:40:45,239 --> 00:40:49,520
Speaker 3: Irman is a master when it comes to credit, business credit,

873
00:40:50,960 --> 00:40:53,719
Speaker 3: and this is something that's extremely important. Once again, I

874
00:40:53,760 --> 00:40:55,640
Speaker 3: feel like we can never have this conversation enough. I

875
00:40:55,680 --> 00:40:57,360
Speaker 3: put a post up today and it just went crazy,

876
00:40:57,360 --> 00:40:59,960
Speaker 3: and it just shows you how hungry people are for

877
00:41:00,080 --> 00:41:03,440
Speaker 3: with the information. And it's extremely important. So we're going

878
00:41:03,520 --> 00:41:05,640
Speaker 3: to do a deep dive into the world of credit.

879
00:41:06,160 --> 00:41:09,880
Speaker 3: But before we start, wanting to just talk about the

880
00:41:09,920 --> 00:41:14,840
Speaker 3: Eyo University situation again. So, you know, meeting with Robert

881
00:41:14,960 --> 00:41:17,719
Speaker 3: Smith when we met with him a while back, and

882
00:41:17,800 --> 00:41:19,840
Speaker 3: he was telling us, right, you know who Robert Smith is.

883
00:41:19,840 --> 00:41:24,920
Speaker 3: He's the richest black person in America. So he was

884
00:41:24,960 --> 00:41:28,839
Speaker 3: saying how he got his start and finances was through

885
00:41:28,880 --> 00:41:33,879
Speaker 3: mergers and acquisition, and he was telling us the whole

886
00:41:33,880 --> 00:41:36,440
Speaker 3: play behind the mergers and acquisition and that you know,

887
00:41:36,520 --> 00:41:39,520
Speaker 3: that's the real game that they play on the highest

888
00:41:39,600 --> 00:41:44,080
Speaker 3: level of finance, and that's really what he was doing

889
00:41:44,120 --> 00:41:46,520
Speaker 3: as an investment banker, was broke away those deals for

890
00:41:46,600 --> 00:41:50,880
Speaker 3: mergers and acquisitions. So you know, you got to listen

891
00:41:50,920 --> 00:41:52,879
Speaker 3: to when people speak and you have to be able

892
00:41:52,920 --> 00:41:55,560
Speaker 3: to apply the information in real time and process it

893
00:41:55,640 --> 00:42:00,360
Speaker 3: very quickly, so you know, earn your Lisia. We've obviously

894
00:42:00,440 --> 00:42:03,880
Speaker 3: built a tremendous media platform and there's other people in

895
00:42:03,920 --> 00:42:07,799
Speaker 3: the space that we respect, and recession Proof is an

896
00:42:08,080 --> 00:42:12,960
Speaker 3: educational platform that has become extremely impressive platform. They've done

897
00:42:12,960 --> 00:42:16,080
Speaker 3: a lot of great events, They've built then extremely strong community.

898
00:42:16,160 --> 00:42:19,840
Speaker 3: They've done live events for their members only only for

899
00:42:19,960 --> 00:42:23,240
Speaker 3: their members, and we've seen it firsthand and it actually

900
00:42:23,360 --> 00:42:28,520
Speaker 3: was a major inspiration for investments. So, you know, seeing

901
00:42:28,760 --> 00:42:32,000
Speaker 3: and just being really impressed with the infrastructure what they've

902
00:42:32,040 --> 00:42:37,480
Speaker 3: been able to accomplish, not an acquisition, but a merger,

903
00:42:38,360 --> 00:42:44,839
Speaker 3: a merger of eyl University and Recession Proof, so it's

904
00:42:45,040 --> 00:42:53,080
Speaker 3: early a Lesion University powered by Recession Proof. Yeah, basically. So,

905
00:42:55,040 --> 00:42:57,960
Speaker 3: so you know, I feel like that's an important step

906
00:42:58,040 --> 00:43:03,800
Speaker 3: forward for the culture.

907
00:43:04,040 --> 00:43:04,600
Speaker 5: Absolutely.

908
00:43:04,600 --> 00:43:06,200
Speaker 3: So, you know, you got to be able to work together.

909
00:43:06,640 --> 00:43:09,600
Speaker 3: You've got to be able to put egos aside. You

910
00:43:09,719 --> 00:43:13,800
Speaker 3: have to be able to sit at the same table

911
00:43:14,280 --> 00:43:18,800
Speaker 3: and understand that you know, yeah, you have more power

912
00:43:19,000 --> 00:43:23,600
Speaker 3: in collaboration as opposed to competition. And this is something

913
00:43:23,640 --> 00:43:25,680
Speaker 3: that you know, I don't think a lot of people

914
00:43:25,719 --> 00:43:29,359
Speaker 3: really expected, but I think it's going to be something else,

915
00:43:29,360 --> 00:43:30,279
Speaker 3: a game changer.

916
00:43:30,480 --> 00:43:34,719
Speaker 5: I think. I mean just from a standpoint of inspiring

917
00:43:34,760 --> 00:43:37,400
Speaker 5: each other, pushing each other and wanted to see the

918
00:43:37,400 --> 00:43:38,799
Speaker 5: best for each other. I think we've done that over

919
00:43:38,800 --> 00:43:41,040
Speaker 5: the past two years. Like you said, when we went

920
00:43:41,080 --> 00:43:44,200
Speaker 5: to the Recession Proof conference in Miami and looked at

921
00:43:44,280 --> 00:43:47,000
Speaker 5: what was put together, we knew that, you know what,

922
00:43:47,520 --> 00:43:50,320
Speaker 5: this is something that we can do at a large scale.

923
00:43:51,239 --> 00:43:55,400
Speaker 5: So to be merging with such such a prestigious and

924
00:43:55,480 --> 00:44:00,080
Speaker 5: illustrious community like RPX, it is something that is the

925
00:44:00,080 --> 00:44:03,960
Speaker 5: the community. You know, it's going to serve them wholeheartedly,

926
00:44:04,040 --> 00:44:07,640
Speaker 5: and I'm excited for it. Man. The way that they've structured,

927
00:44:07,800 --> 00:44:09,879
Speaker 5: you know, their community and all the things that they have,

928
00:44:09,960 --> 00:44:12,760
Speaker 5: it was like this is something that can add value

929
00:44:12,800 --> 00:44:15,000
Speaker 5: to our community. And likewise, you know this is going

930
00:44:15,040 --> 00:44:17,080
Speaker 5: to be pieces that you know, our earners are going

931
00:44:17,160 --> 00:44:19,800
Speaker 5: to be added over there. So it's a it's a

932
00:44:19,840 --> 00:44:23,880
Speaker 5: game changer for the for the financial literacy community overall.

933
00:44:24,000 --> 00:44:26,759
Speaker 5: So I'm excited. So shout out to everybody, marp X,

934
00:44:26,840 --> 00:44:30,279
Speaker 5: shouts to our earners. Yeah, the biggest just got bigger.

935
00:44:30,160 --> 00:44:31,480
Speaker 4: More, more, more value.

936
00:44:31,560 --> 00:44:33,120
Speaker 3: And like I said, it's now you're going to have

937
00:44:33,280 --> 00:44:36,080
Speaker 3: EYO University is going to have the best parts of

938
00:44:36,120 --> 00:44:38,080
Speaker 3: Recession Proof. From Resession Proof, We're gonna have the best

939
00:44:38,080 --> 00:44:41,000
Speaker 3: parts of Yo University. So you know, they have those

940
00:44:41,080 --> 00:44:43,279
Speaker 3: chapters in place. This is where the chapters come from.

941
00:44:43,760 --> 00:44:45,960
Speaker 3: This is where the courses come from, as far as

942
00:44:46,000 --> 00:44:48,560
Speaker 3: you know, like Dan's course and a bunch of other

943
00:44:48,640 --> 00:44:51,319
Speaker 3: courses that's actually going to be in some announced you

944
00:44:51,360 --> 00:44:53,440
Speaker 3: don't have to go and buy courses from all of

945
00:44:53,440 --> 00:44:56,319
Speaker 3: these other different outlets. Where in one community you have

946
00:44:56,440 --> 00:45:00,720
Speaker 3: all the courses in under one roof. That's revolution within itself,

947
00:45:01,040 --> 00:45:02,840
Speaker 3: and that's something that is like, you know, you gotta

948
00:45:02,920 --> 00:45:07,280
Speaker 3: kind of bring all of the it's like mob Boss,

949
00:45:07,280 --> 00:45:08,960
Speaker 3: like you bring all of the families together, like you

950
00:45:09,000 --> 00:45:11,080
Speaker 3: know what I mean. So it's like that's a revolutionary

951
00:45:11,120 --> 00:45:13,160
Speaker 3: thing to have all of the courses under one umbrella.

952
00:45:13,719 --> 00:45:15,560
Speaker 3: I don't think that's ever really been done before. So

953
00:45:16,680 --> 00:45:20,880
Speaker 3: it's in the volume as low Joy.

954
00:45:21,000 --> 00:45:21,600
Speaker 4: Which one is it?

955
00:45:21,680 --> 00:45:23,319
Speaker 5: This one? A second? I don't think you go ahead?

956
00:45:24,920 --> 00:45:30,160
Speaker 3: So yeah, so Eve texts learn the word learn so

957
00:45:30,360 --> 00:45:34,479
Speaker 3: for zero one, two, three, eight, seven, four, seven nine,

958
00:45:35,080 --> 00:45:38,080
Speaker 3: and we'll be giving you updates on the relaunch of

959
00:45:38,120 --> 00:45:44,640
Speaker 3: e y l University uh launching on Friday right before

960
00:45:44,680 --> 00:45:45,600
Speaker 3: Madison Square Garden.

961
00:45:46,280 --> 00:45:46,440
Speaker 5: Good.

962
00:45:47,560 --> 00:45:51,600
Speaker 3: There's always something, there's always something. The never the never

963
00:45:51,760 --> 00:45:57,239
Speaker 3: finished strategy, it's never finished, it's always it's always under construction.

964
00:45:57,160 --> 00:46:00,719
Speaker 4: More a lot more so. All right, So let's get

965
00:46:00,719 --> 00:46:01,120
Speaker 4: into this.

966
00:46:01,280 --> 00:46:06,840
Speaker 3: Let's get into this business conversation. Extremely important. The differences

967
00:46:06,960 --> 00:46:11,960
Speaker 3: between business credit and corporate credit, corporate credit. I haven't

968
00:46:12,000 --> 00:46:13,879
Speaker 3: really talked about that too much. What's the difference between

969
00:46:13,880 --> 00:46:15,160
Speaker 3: business credit and corporate credit?

970
00:46:15,800 --> 00:46:19,120
Speaker 7: So the main difference between business credit and corporate credit

971
00:46:19,360 --> 00:46:22,440
Speaker 7: is that business credit, which a lot of people talk

972
00:46:22,440 --> 00:46:25,680
Speaker 7: about kind of familiar with, is that it's connected to

973
00:46:26,200 --> 00:46:30,080
Speaker 7: your Social Security number, it's connected to you having good credit,

974
00:46:30,440 --> 00:46:34,920
Speaker 7: so you're basically co signing for your business. So what

975
00:46:34,960 --> 00:46:37,840
Speaker 7: we like to teach our mentees, our friends, our clients,

976
00:46:37,840 --> 00:46:40,720
Speaker 7: and people who are listening to our earners is also,

977
00:46:40,760 --> 00:46:43,200
Speaker 7: at the same time try to build up your business

978
00:46:43,520 --> 00:46:46,080
Speaker 7: so that it can get corporate credit. Corporate credit is

979
00:46:46,120 --> 00:46:50,319
Speaker 7: not connected to your social whatsoever. It's just utilizing your

980
00:46:50,360 --> 00:46:53,839
Speaker 7: EI in. So you got like Jeff Bazo, so we're

981
00:46:53,920 --> 00:46:56,840
Speaker 7: Steve Jobs Reside Steve Jobs. When they were building up

982
00:46:56,840 --> 00:46:59,400
Speaker 7: their companies, they were also building up their EI in

983
00:46:59,480 --> 00:47:02,960
Speaker 7: so they didn't have to personally guarantee anything for their business.

984
00:47:03,040 --> 00:47:05,719
Speaker 7: So that's super important to make sure that you're not

985
00:47:05,840 --> 00:47:08,200
Speaker 7: just building up your business credit, which is a great

986
00:47:08,560 --> 00:47:10,960
Speaker 7: starting capital that you need you get that quit twenty

987
00:47:11,000 --> 00:47:13,480
Speaker 7: five thirty fifty thousand for your business, but at the

988
00:47:13,520 --> 00:47:16,920
Speaker 7: same time also building up your corporate credit so you

989
00:47:16,960 --> 00:47:19,879
Speaker 7: can build up your business like in a year or two. Right,

990
00:47:20,200 --> 00:47:22,759
Speaker 7: So you're not personally guaranteeing anything. You're getting money and

991
00:47:22,800 --> 00:47:25,440
Speaker 7: you're not giving the banks your Social Security number to

992
00:47:25,440 --> 00:47:27,120
Speaker 7: get business credit cards and loans, et cetera.

993
00:47:27,239 --> 00:47:27,560
Speaker 5: Like that.

994
00:47:29,560 --> 00:47:33,160
Speaker 3: Okay, everybody hit the like button. This is extremely important

995
00:47:33,200 --> 00:47:35,920
Speaker 3: to almost two thousand people on YouTube.

996
00:47:35,960 --> 00:47:40,440
Speaker 4: Thousand that's pretty impressive. You've hitting the like button and

997
00:47:40,480 --> 00:47:41,280
Speaker 4: share please.

998
00:47:41,920 --> 00:47:44,480
Speaker 5: Yeah. One of the things we've done is we set

999
00:47:44,560 --> 00:47:47,799
Speaker 5: up multiple LLCs. So I want you to dive into that,

1000
00:47:47,840 --> 00:47:50,520
Speaker 5: sending up multiple LLCs so that you can get six

1001
00:47:50,560 --> 00:47:51,200
Speaker 5: figure funding.

1002
00:47:51,760 --> 00:47:55,000
Speaker 8: Oh yeah, So if you if you understand that hack.

1003
00:47:55,080 --> 00:47:58,680
Speaker 7: If I know one LLC can get me ten, fifteen,

1004
00:47:58,719 --> 00:48:02,239
Speaker 7: twenty five thousand, right, then why wouldn't I do that

1005
00:48:02,320 --> 00:48:03,600
Speaker 7: with multiple LLCs?

1006
00:48:03,719 --> 00:48:03,919
Speaker 8: Right?

1007
00:48:04,280 --> 00:48:08,600
Speaker 7: So me, I love coming up with LLCs, even though

1008
00:48:08,600 --> 00:48:09,960
Speaker 7: whether I'm not going to use them or not. Like

1009
00:48:09,960 --> 00:48:11,320
Speaker 7: I come up with the idea of success as a

1010
00:48:11,360 --> 00:48:13,239
Speaker 7: receipts it's one of my brands, right or Audit your

1011
00:48:13,239 --> 00:48:14,440
Speaker 7: Circle another one of my brands.

1012
00:48:14,480 --> 00:48:16,520
Speaker 8: Right, But I also turned it into an LLC.

1013
00:48:17,160 --> 00:48:20,080
Speaker 7: Right, So I know one LLC I can get twenty

1014
00:48:20,080 --> 00:48:23,440
Speaker 7: five thirty forty thousand dollars. Then the other LLC I

1015
00:48:23,480 --> 00:48:26,359
Speaker 7: know I can duplicate that exact same process. So there's

1016
00:48:26,360 --> 00:48:28,840
Speaker 7: a lot of people sitting with three, four or five LLCs.

1017
00:48:28,880 --> 00:48:31,120
Speaker 7: They haven't done anything with them. There's a hearn, how

1018
00:48:31,160 --> 00:48:33,080
Speaker 7: am I going to get funding for my business? Didn't

1019
00:48:33,080 --> 00:48:35,320
Speaker 7: make any money? That's not important right now. If you

1020
00:48:35,400 --> 00:48:38,440
Speaker 7: got the good credit, you can personally guarantee though all

1021
00:48:38,520 --> 00:48:41,959
Speaker 7: those LLC's and get funded from them. And then you'll

1022
00:48:42,000 --> 00:48:44,400
Speaker 7: look up and you got six figures in funding to

1023
00:48:44,440 --> 00:48:46,600
Speaker 7: do startup capital for whether we're trying to business, you're

1024
00:48:46,640 --> 00:48:47,200
Speaker 7: trying to do.

1025
00:48:47,680 --> 00:48:50,279
Speaker 5: So the keys that have good personal credits, so you

1026
00:48:50,280 --> 00:48:52,320
Speaker 5: can be a guarantee for those LZ's.

1027
00:48:52,600 --> 00:48:55,280
Speaker 8: That's the key when you are building business credit.

1028
00:48:55,520 --> 00:48:57,160
Speaker 7: But again, like we said a couple of minutes ago,

1029
00:48:57,200 --> 00:48:58,760
Speaker 7: at the same time, you want to build a corporate

1030
00:48:58,760 --> 00:49:01,239
Speaker 7: credit for those businesses off So but I know a

1031
00:49:01,280 --> 00:49:01,600
Speaker 7: lot of.

1032
00:49:01,560 --> 00:49:02,839
Speaker 8: Us we just want to get to it.

1033
00:49:03,120 --> 00:49:04,960
Speaker 7: So you got the good credit, you got over six

1034
00:49:05,080 --> 00:49:08,400
Speaker 7: eighty and above, go get to it. Go get that money,

1035
00:49:08,440 --> 00:49:10,880
Speaker 7: Go get that go get that bag first.

1036
00:49:11,680 --> 00:49:15,920
Speaker 3: What's the ten commandments when it comes to business credit?

1037
00:49:17,320 --> 00:49:21,040
Speaker 8: The ten commandments to getting your business funded.

1038
00:49:21,200 --> 00:49:23,719
Speaker 7: Number one, I want you all to write this down right,

1039
00:49:23,840 --> 00:49:27,399
Speaker 7: because this is how you maximize to ensure how much

1040
00:49:27,440 --> 00:49:29,280
Speaker 7: funding you can get for your business.

1041
00:49:29,320 --> 00:49:29,480
Speaker 8: Right.

1042
00:49:29,520 --> 00:49:32,400
Speaker 7: So, if you know Truest Bank or Key Bank, you

1043
00:49:32,440 --> 00:49:33,920
Speaker 7: know that they're gonna give you twenty.

1044
00:49:33,680 --> 00:49:35,799
Speaker 8: Five thousand dollars no dock. You know that right.

1045
00:49:36,280 --> 00:49:40,239
Speaker 7: Whenever you are missing certain things from this ten commandments,

1046
00:49:40,440 --> 00:49:42,560
Speaker 7: and knocks it down a couple of thousands. So number one,

1047
00:49:42,600 --> 00:49:44,280
Speaker 7: you want to make sure you have a proper, proper

1048
00:49:44,320 --> 00:49:47,520
Speaker 7: business name. The name of my company is Bellisloan Enterprises. Right,

1049
00:49:48,239 --> 00:49:51,000
Speaker 7: it's a general name. There's a lot of high risk

1050
00:49:51,120 --> 00:49:54,040
Speaker 7: industries out there, right, so real estate, trucking. So if

1051
00:49:54,040 --> 00:49:56,680
Speaker 7: that's singing your business name, it's gonna limit how much

1052
00:49:56,680 --> 00:49:58,640
Speaker 7: funding you're gonna get, or they probably.

1053
00:49:58,360 --> 00:49:59,280
Speaker 8: Deny you the money.

1054
00:49:59,560 --> 00:50:01,880
Speaker 7: So ll Us one enterprise will get twenty five thousand,

1055
00:50:01,920 --> 00:50:07,040
Speaker 7: but bella Sloan real estate company that same profile, it's

1056
00:50:07,040 --> 00:50:09,640
Speaker 7: probably gonna get ten thousand. So having the proper business

1057
00:50:09,680 --> 00:50:11,839
Speaker 7: name is important. Number two, you want to make sure

1058
00:50:11,880 --> 00:50:14,960
Speaker 7: you have a great business address. Right, brick and mortar,

1059
00:50:15,000 --> 00:50:18,239
Speaker 7: of course, but if not, get yourself a virtual address,

1060
00:50:18,440 --> 00:50:20,480
Speaker 7: because if you're going to the bank trying to maximize

1061
00:50:20,520 --> 00:50:22,359
Speaker 7: how much money you get, you want to make.

1062
00:50:22,280 --> 00:50:23,720
Speaker 8: Sure you look like a real business.

1063
00:50:23,840 --> 00:50:26,600
Speaker 7: Try to not look like a mom and pop where

1064
00:50:26,600 --> 00:50:29,760
Speaker 7: you're giving them your home address as your business address.

1065
00:50:29,800 --> 00:50:31,520
Speaker 7: You want to walk into Chase, You want to walk

1066
00:50:31,520 --> 00:50:34,920
Speaker 7: into Wells Fargo like a real outstanding business. That's commandment

1067
00:50:34,960 --> 00:50:36,880
Speaker 7: number two. Commandment number three, you want to have a

1068
00:50:36,960 --> 00:50:41,000
Speaker 7: legitimate email address info at bellostone Enterprises dot com, not

1069
00:50:41,320 --> 00:50:44,920
Speaker 7: Bellostone Enterprises at Gmail, those little things these banks are

1070
00:50:44,920 --> 00:50:48,200
Speaker 7: looking at. Commandment number four, want to make sure you

1071
00:50:48,239 --> 00:50:51,440
Speaker 7: have a real business website. So I told a couple

1072
00:50:51,440 --> 00:50:55,040
Speaker 7: of my mentees this. When everybody was getting the SBAEI

1073
00:50:55,160 --> 00:50:58,240
Speaker 7: d L money, right, if they didn't have a proper email,

1074
00:50:58,760 --> 00:51:02,319
Speaker 7: it literally got kick to a real underwriter, right, So

1075
00:51:02,360 --> 00:51:03,920
Speaker 7: the real underwriter was looking to see if he was

1076
00:51:03,920 --> 00:51:06,560
Speaker 7: a little legitimate business. Because you're giving an app Gmail

1077
00:51:06,800 --> 00:51:08,480
Speaker 7: and you're trying to get one hundred fifty thousand, it

1078
00:51:08,520 --> 00:51:11,480
Speaker 7: didn't make sense. So Commanding number four, having a good

1079
00:51:11,520 --> 00:51:13,719
Speaker 7: business email. Commanding number five, you want to make sure

1080
00:51:13,760 --> 00:51:18,239
Speaker 7: you have a business website, a real presence online so

1081
00:51:18,280 --> 00:51:20,480
Speaker 7: that the banks know you're legit, like I'm not giving

1082
00:51:20,480 --> 00:51:22,680
Speaker 7: you twenty five thirty fifty thousand dollars and you're not

1083
00:51:22,719 --> 00:51:26,239
Speaker 7: going anywhere. And then once you have all this demographic information,

1084
00:51:26,840 --> 00:51:30,480
Speaker 7: next commandment, that's what you put on your LLC. Because

1085
00:51:30,520 --> 00:51:33,680
Speaker 7: before when I started talking about business funding, everybody ran

1086
00:51:33,719 --> 00:51:35,920
Speaker 7: and got an LLC, but they putting their cell phone number,

1087
00:51:36,160 --> 00:51:38,120
Speaker 7: their home address on it. Now you want to set

1088
00:51:38,200 --> 00:51:41,560
Speaker 7: up your business demographics first, then you put that on

1089
00:51:41,640 --> 00:51:45,239
Speaker 7: a business application your LLC, excuse me, then you get

1090
00:51:45,280 --> 00:51:48,120
Speaker 7: your EI in and then once your business is structured,

1091
00:51:48,320 --> 00:51:51,360
Speaker 7: I want you open up a business checking account and

1092
00:51:51,440 --> 00:51:53,239
Speaker 7: a business savings account. Now I want to stay on

1093
00:51:53,239 --> 00:51:55,799
Speaker 7: this real quick. Commandment number seven. I want to stay

1094
00:51:55,800 --> 00:51:58,759
Speaker 7: on this real quick because how you open up your

1095
00:51:58,760 --> 00:52:02,120
Speaker 7: business checking account and saving account is important. The more

1096
00:52:02,280 --> 00:52:06,200
Speaker 7: products that you have with a bank, the better the

1097
00:52:06,280 --> 00:52:08,680
Speaker 7: relationship with the bank, the more likely they are to

1098
00:52:08,680 --> 00:52:09,400
Speaker 7: get you funded.

1099
00:52:09,680 --> 00:52:09,839
Speaker 4: Right.

1100
00:52:09,880 --> 00:52:12,040
Speaker 7: So, if I'm walking into a bank and I'm like, hey,

1101
00:52:12,040 --> 00:52:13,759
Speaker 7: can I get a twenty five thousand dollars credit card?

1102
00:52:13,800 --> 00:52:14,840
Speaker 8: I gotta get great credit.

1103
00:52:15,320 --> 00:52:18,319
Speaker 7: That's wonderful, right, But isn't it better if I'm ope,

1104
00:52:18,360 --> 00:52:20,000
Speaker 7: If I go to the bank, I get my LLC,

1105
00:52:20,120 --> 00:52:23,280
Speaker 7: my EI in documentation, I give them my operating agreement.

1106
00:52:23,440 --> 00:52:25,520
Speaker 7: I'm like, hey, can I open up a checking account?

1107
00:52:25,719 --> 00:52:28,000
Speaker 7: Can I open up a savings account with you? So,

1108
00:52:28,120 --> 00:52:30,239
Speaker 7: now just open up two products with them. I put

1109
00:52:30,239 --> 00:52:33,560
Speaker 7: fifty dollars in each account, write nothing crazy, and then

1110
00:52:33,640 --> 00:52:37,480
Speaker 7: I ask them for funding. So building relationships with bank

1111
00:52:37,640 --> 00:52:40,920
Speaker 7: is crucial one of those unknown steps to help you

1112
00:52:41,000 --> 00:52:45,440
Speaker 7: get more funding from that same bank Commandment number nine.

1113
00:52:46,600 --> 00:52:51,560
Speaker 7: Having different relationships with different tiers of banks. I always

1114
00:52:51,560 --> 00:52:55,120
Speaker 7: tell everyone to please start first with getting funding and

1115
00:52:55,200 --> 00:52:58,840
Speaker 7: relationships with credit unions in your area first. So I

1116
00:52:58,880 --> 00:53:01,440
Speaker 7: tell them, listen, go to Google Maps, type in the

1117
00:53:01,520 --> 00:53:04,799
Speaker 7: word credit union and putting your zip code. You'll see

1118
00:53:04,920 --> 00:53:08,400
Speaker 7: ten fifteen credit unions in your zip code alone that

1119
00:53:08,520 --> 00:53:11,319
Speaker 7: you can go and start a business relationship with right

1120
00:53:11,840 --> 00:53:15,160
Speaker 7: and then find out give them a call, Hey, Truemark,

1121
00:53:15,200 --> 00:53:18,040
Speaker 7: where do you pull from? We pull from Ecofax. Another bank,

1122
00:53:18,080 --> 00:53:20,520
Speaker 7: where do you pull from? We pull from TransUnion. Another

1123
00:53:20,560 --> 00:53:22,680
Speaker 7: one where you pull from we pull from experience. So

1124
00:53:22,760 --> 00:53:26,239
Speaker 7: now you're getting three relationships. You know they're pulling from

1125
00:53:26,239 --> 00:53:28,960
Speaker 7: different credit bureaus. So when you go to the second bank,

1126
00:53:28,960 --> 00:53:30,680
Speaker 7: they didn't know you just got twenty five thousand from

1127
00:53:30,719 --> 00:53:32,920
Speaker 7: the first bank. So just like that, if each of

1128
00:53:32,960 --> 00:53:34,880
Speaker 7: them give you ten thousand on a bad Saturday, you

1129
00:53:34,920 --> 00:53:38,399
Speaker 7: just raise yourself thirty thousand dollars right from three different banks.

1130
00:53:38,440 --> 00:53:41,040
Speaker 7: So credit unions left to give bigger bags out. So

1131
00:53:41,080 --> 00:53:43,759
Speaker 7: I always tell people start with credit unions first, then

1132
00:53:43,840 --> 00:53:46,360
Speaker 7: work your way up to the different tiers where you

1133
00:53:46,400 --> 00:53:49,680
Speaker 7: work your way up to like citizens, where they're like

1134
00:53:49,760 --> 00:53:53,120
Speaker 7: more regional or truest, the more regional, our nationwide, and

1135
00:53:53,120 --> 00:53:54,520
Speaker 7: then you hit up the big boys. Then you go

1136
00:53:54,560 --> 00:53:56,560
Speaker 7: to Wells Fargo, then you go to Chase, but start

1137
00:53:56,560 --> 00:53:59,280
Speaker 7: in your community first. And then lastly, of course commandment

1138
00:53:59,320 --> 00:54:01,640
Speaker 7: number time that's for that money, asks them for that funding,

1139
00:54:02,000 --> 00:54:04,040
Speaker 7: and you should be in good position to maximize what

1140
00:54:04,120 --> 00:54:05,080
Speaker 7: you can get from each bank.

1141
00:54:06,760 --> 00:54:11,080
Speaker 5: It's ten business man, miss what you got to say

1142
00:54:11,120 --> 00:54:14,920
Speaker 5: that at the end. So we're applying to the banks,

1143
00:54:14,920 --> 00:54:16,920
Speaker 5: we're sending our applications. You got this thing called the

1144
00:54:16,920 --> 00:54:18,440
Speaker 5: power for it? Can you break that down?

1145
00:54:19,000 --> 00:54:19,920
Speaker 8: The power of the four?

1146
00:54:19,960 --> 00:54:22,719
Speaker 7: All right, So there's a little there's a little a

1147
00:54:22,760 --> 00:54:24,320
Speaker 7: bank information that they don't want you to know.

1148
00:54:24,400 --> 00:54:24,480
Speaker 9: Right.

1149
00:54:24,480 --> 00:54:25,880
Speaker 7: I love when people say down, So I'm gonna say

1150
00:54:25,880 --> 00:54:27,680
Speaker 7: it to what they don't want you to know, So

1151
00:54:28,680 --> 00:54:32,359
Speaker 7: save the power for it. Say, for instance, you have

1152
00:54:33,040 --> 00:54:36,600
Speaker 7: two credit cards, right, they're ten thousand dollars each limit.

1153
00:54:36,719 --> 00:54:39,919
Speaker 7: That's a credit availability that you got, but you make

1154
00:54:40,239 --> 00:54:44,480
Speaker 7: thirty thousand dollars a year, right, So the bank is

1155
00:54:44,480 --> 00:54:46,480
Speaker 7: going to look at that application. They were like, this

1156
00:54:46,520 --> 00:54:51,520
Speaker 7: person is actually high risk? Why because tomorrow he could

1157
00:54:51,560 --> 00:54:55,160
Speaker 7: max out the cars to twenty thousand dollars, right, But

1158
00:54:55,200 --> 00:54:58,359
Speaker 7: he only makes thirty thousand dollars a year, right, So

1159
00:54:58,520 --> 00:55:02,080
Speaker 7: the bank actually looks you as somebody that's actually risky.

1160
00:55:02,320 --> 00:55:07,440
Speaker 7: So sometimes I tell my earners, my mentees, I tell them, hey,

1161
00:55:07,600 --> 00:55:10,200
Speaker 7: if you got to you gotta somebody on your team,

1162
00:55:10,280 --> 00:55:12,719
Speaker 7: a code sign or somebody else who doesn't look at

1163
00:55:12,960 --> 00:55:13,520
Speaker 7: high risk.

1164
00:55:13,840 --> 00:55:15,880
Speaker 8: So somebody who's less high risk is the power for.

1165
00:55:16,400 --> 00:55:20,840
Speaker 7: So twenty thousand dollars multiplied by four is eighty thousand dollars.

1166
00:55:20,920 --> 00:55:22,880
Speaker 8: So the bank is looking for somebody who.

1167
00:55:22,760 --> 00:55:26,200
Speaker 7: Makes eighty thousand dollars a year, right, who has twenty

1168
00:55:26,280 --> 00:55:27,680
Speaker 7: thousand available credit card.

1169
00:55:27,840 --> 00:55:30,480
Speaker 8: That person is low risk to the bank.

1170
00:55:30,760 --> 00:55:32,279
Speaker 7: So that's why I say the power of for is

1171
00:55:32,320 --> 00:55:35,440
Speaker 7: what the banks look at when assessing somebody's credit profile

1172
00:55:35,680 --> 00:55:37,160
Speaker 7: to see how much funding they can give them.

1173
00:55:37,239 --> 00:55:42,920
Speaker 3: On the business side, so talk about credit union funding.

1174
00:55:44,160 --> 00:55:46,239
Speaker 7: Credit union funding kind of talked about it a little

1175
00:55:46,239 --> 00:55:48,960
Speaker 7: bit earlier. It's the best place to start, it's the

1176
00:55:48,960 --> 00:55:52,640
Speaker 7: best place to go when you are trying to get funding.

1177
00:55:52,800 --> 00:55:55,000
Speaker 7: For everybody that's on a call, I know, we all

1178
00:55:55,000 --> 00:55:57,080
Speaker 7: go into the name brands first. We're gonna go to Chase,

1179
00:55:57,080 --> 00:55:59,600
Speaker 7: We're gonna go to Wells Fargo, and they're great institutions.

1180
00:55:59,800 --> 00:56:02,040
Speaker 7: But I want everybody to start in your community first,

1181
00:56:02,160 --> 00:56:04,480
Speaker 7: because the credit unions are ready to invest.

1182
00:56:04,280 --> 00:56:06,480
Speaker 8: In the people that are in their community first. Right.

1183
00:56:06,800 --> 00:56:08,239
Speaker 8: I even have I.

1184
00:56:08,200 --> 00:56:10,400
Speaker 7: Even have a strategy where a lot of my mentees

1185
00:56:10,400 --> 00:56:14,279
Speaker 7: where they're like, listen, well, there's a great bank in Virginia. Right,

1186
00:56:14,400 --> 00:56:17,560
Speaker 7: Virginia got a great bank, but my LLC is not

1187
00:56:17,560 --> 00:56:20,640
Speaker 7: in Virginia's in Pennsylvania. We'll get a foreign entity, right,

1188
00:56:20,880 --> 00:56:24,799
Speaker 7: so you can do business in the state of Virginia,

1189
00:56:24,840 --> 00:56:26,520
Speaker 7: and then you hit up that credit union because you

1190
00:56:26,600 --> 00:56:28,759
Speaker 7: know they give away thirty thousand dollars real quick if

1191
00:56:28,800 --> 00:56:31,160
Speaker 7: you got a six to ninety credit score. So getting

1192
00:56:31,160 --> 00:56:34,920
Speaker 7: a foreign entity is how you literally multiply or mimic

1193
00:56:34,960 --> 00:56:38,000
Speaker 7: your LLC in all fifty states, so you can get

1194
00:56:38,040 --> 00:56:39,960
Speaker 7: the capitol in different places. So I travel a lot.

1195
00:56:40,040 --> 00:56:42,560
Speaker 7: I'm in Atlanta, I'm in Miami, I'm in Cali. So

1196
00:56:42,600 --> 00:56:44,399
Speaker 7: I make sure I got foreign entities in those different

1197
00:56:44,400 --> 00:56:46,120
Speaker 7: states because if I happen to be out there and

1198
00:56:46,160 --> 00:56:47,719
Speaker 7: my man's give me a good play, Like yo, there's

1199
00:56:47,719 --> 00:56:49,919
Speaker 7: credit Union, bro, They're giving fifty thousand dollars line of credit.

1200
00:56:49,960 --> 00:56:51,759
Speaker 7: You got a seven hundred credit score, then I want

1201
00:56:51,760 --> 00:56:53,840
Speaker 7: to make sure I'm in position to go there because

1202
00:56:53,840 --> 00:56:55,239
Speaker 7: I know credit unions are going to give me a

1203
00:56:55,239 --> 00:56:57,920
Speaker 7: bigger bag than regional or national banks.

1204
00:57:00,000 --> 00:57:02,399
Speaker 5: What are the three things as entrepreneurs that we can

1205
00:57:02,440 --> 00:57:04,840
Speaker 5: do to get the most funded? Right? A lot of

1206
00:57:04,880 --> 00:57:06,520
Speaker 5: times when we try to start a business, fund is

1207
00:57:06,520 --> 00:57:08,520
Speaker 5: obviously always the issue. What are three things that we

1208
00:57:08,560 --> 00:57:10,120
Speaker 5: can do to make sure we get the most.

1209
00:57:11,520 --> 00:57:13,080
Speaker 7: To make sure you get the most fund and to

1210
00:57:13,080 --> 00:57:15,640
Speaker 7: put yourself in position to get the bigger bag. Number one,

1211
00:57:15,840 --> 00:57:19,600
Speaker 7: make sure your inquiries are low on your credit report.

1212
00:57:20,040 --> 00:57:22,840
Speaker 7: So if I told you true Marcus pulling from TransUnion,

1213
00:57:23,200 --> 00:57:27,720
Speaker 7: make sure you have under three inquiries from that credit bureau,

1214
00:57:28,040 --> 00:57:30,600
Speaker 7: or make sure you don't have any recent inquiries in

1215
00:57:30,640 --> 00:57:33,000
Speaker 7: the last six months. So keep your inquiries though. That's

1216
00:57:33,000 --> 00:57:35,640
Speaker 7: going to maximize your funding. Number two, I know it

1217
00:57:35,760 --> 00:57:39,280
Speaker 7: sounds sexy that yo, I'm the owner of Bellislan Enterprises.

1218
00:57:39,320 --> 00:57:42,720
Speaker 7: It sounds great, right, owners don't make money. You know

1219
00:57:42,720 --> 00:57:45,880
Speaker 7: who make money? Who get consistent bread w two employees.

1220
00:57:46,080 --> 00:57:48,720
Speaker 7: So when I open up a bank account, I tell

1221
00:57:48,760 --> 00:57:51,520
Speaker 7: them I am the president, I'm the CEO, I'm the

1222
00:57:51,600 --> 00:57:55,200
Speaker 7: cio right, because they know I'm getting paid every week,

1223
00:57:55,360 --> 00:57:57,160
Speaker 7: so they know I'm gonna pay this check every week.

1224
00:57:57,160 --> 00:57:59,479
Speaker 7: They know I got a certain salary, so I'm gonna

1225
00:57:59,520 --> 00:58:01,440
Speaker 7: make sure I get I get money every week. And

1226
00:58:01,560 --> 00:58:04,480
Speaker 7: number three, follow the ten Commandments. Rewind the tape. It's

1227
00:58:04,480 --> 00:58:07,440
Speaker 7: gonna be on YouTube. Follow the ten Commandments. Position your

1228
00:58:07,520 --> 00:58:11,560
Speaker 7: business in proper place to maximize your funding. Those are

1229
00:58:11,560 --> 00:58:13,120
Speaker 7: three tips I got for you guys to make sure

1230
00:58:13,160 --> 00:58:16,120
Speaker 7: you get the maximum funding when you walk into these banks.

1231
00:58:17,120 --> 00:58:20,960
Speaker 3: So let's let's let's answer some questions if we can absolutely.

1232
00:58:21,200 --> 00:58:25,280
Speaker 3: This is another part of the hand Already platform is

1233
00:58:25,320 --> 00:58:27,880
Speaker 3: that it's an interactive experience, so we get to actually

1234
00:58:27,960 --> 00:58:30,800
Speaker 3: not just hear us talk, but answer questions in real time.

1235
00:58:30,840 --> 00:58:32,440
Speaker 3: And that's beneficial because a lot of people in the

1236
00:58:32,480 --> 00:58:33,720
Speaker 3: audience have the same question.

1237
00:58:33,840 --> 00:58:37,480
Speaker 5: So let's do this. Man, George, we are coming to you.

1238
00:58:37,800 --> 00:58:40,480
Speaker 5: Mute yourself. You've been muted, George. What's up? What's going on?

1239
00:58:47,000 --> 00:58:48,800
Speaker 5: Oh man, you're not at work. So if you don't

1240
00:58:48,800 --> 00:58:51,000
Speaker 5: know how this works, there are no frizz breaks when

1241
00:58:51,040 --> 00:58:52,640
Speaker 5: we come to you, you better be ready to roll

1242
00:58:52,720 --> 00:58:55,360
Speaker 5: the people. Wow, there's a bunch of people coming on

1243
00:58:55,680 --> 00:58:56,680
Speaker 5: all right, let's go to.

1244
00:58:58,880 --> 00:59:01,280
Speaker 4: The new people at the bout Let's go.

1245
00:59:01,200 --> 00:59:03,440
Speaker 5: To aris as. We're coming to you. I mute yourself.

1246
00:59:03,520 --> 00:59:12,560
Speaker 5: You've been unmuted with the deal. Oh oh wait, there

1247
00:59:12,560 --> 00:59:16,760
Speaker 5: you go, George. You there, he's not there.

1248
00:59:19,720 --> 00:59:20,840
Speaker 8: Yeah, I'm mute yet.

1249
00:59:22,960 --> 00:59:25,800
Speaker 5: Can you hear me you? Oh?

1250
00:59:25,840 --> 00:59:30,320
Speaker 10: I'm doing fine yourself. I wanted to ask herman, Uh,

1251
00:59:30,440 --> 00:59:33,880
Speaker 10: you said that the Yahoo and the Gmail is not

1252
00:59:33,960 --> 00:59:36,840
Speaker 10: a good email for business funding.

1253
00:59:37,600 --> 00:59:41,040
Speaker 7: Absolutely not. So I want everyone to start thinking like

1254
00:59:41,120 --> 00:59:41,960
Speaker 7: how the banks do.

1255
00:59:42,160 --> 00:59:42,320
Speaker 5: Right.

1256
00:59:42,760 --> 00:59:47,240
Speaker 7: So Belloslan Enterprises is an entity that doesn't speak right,

1257
00:59:47,680 --> 00:59:50,840
Speaker 7: I speak for Bellaslan Enterprises, right. So I got to

1258
00:59:50,880 --> 00:59:55,120
Speaker 7: make sure this looks legitimate because when you go into Chase,

1259
00:59:55,160 --> 00:59:58,120
Speaker 7: you're literally speaking to somebody. If it's miss Phillips, miss

1260
00:59:58,160 --> 01:00:01,040
Speaker 7: Phillips has an email address, Miss Phillips, emai is Phillips

1261
01:00:01,320 --> 01:00:04,120
Speaker 7: at Chase dot com. So I want to make sure my.

1262
01:00:04,320 --> 01:00:07,000
Speaker 8: Business and your business looks.

1263
01:00:06,760 --> 01:00:10,560
Speaker 7: Totally legitimate, and having at domain of your business looks

1264
01:00:10,560 --> 01:00:14,040
Speaker 7: sexier than YadA YadA YadA at Gmail.

1265
01:00:14,360 --> 01:00:16,600
Speaker 8: So bellis what looks Can you tell me what looks better?

1266
01:00:16,600 --> 01:00:19,840
Speaker 7: Bellus On Enterprises at Gmail or info at bellus On

1267
01:00:20,000 --> 01:00:24,520
Speaker 7: Enterprises dot com. So it's about setting yourself to look

1268
01:00:24,520 --> 01:00:27,480
Speaker 7: at sexy to these banks so you can maximize your funding.

1269
01:00:27,520 --> 01:00:29,360
Speaker 7: Now I'm not saying it's a deal breaker. I'm not

1270
01:00:29,400 --> 01:00:31,760
Speaker 7: saying no one's gotten funded with a Gmail account, but

1271
01:00:31,840 --> 01:00:34,040
Speaker 7: I'm trying to maximize how much you can get funding.

1272
01:00:35,480 --> 01:00:39,160
Speaker 10: So I have everything already in place. But the Gmail

1273
01:00:39,280 --> 01:00:42,640
Speaker 10: is what it is, my business name at but it

1274
01:00:42,680 --> 01:00:46,280
Speaker 10: does says I think it's a Yahoo or something because

1275
01:00:46,320 --> 01:00:48,200
Speaker 10: Gmail was giving me a little bit of trouble.

1276
01:00:48,560 --> 01:00:51,000
Speaker 7: Right, So what I recommend, what I recommend you do

1277
01:00:51,040 --> 01:00:52,680
Speaker 7: is actually I'm going to send you back to Google.

1278
01:00:52,960 --> 01:00:56,600
Speaker 7: So Google has an enterprise platform because they gotten into

1279
01:00:56,600 --> 01:01:01,200
Speaker 7: the enterprise platform space where you can go to G suite, s.

1280
01:01:01,320 --> 01:01:02,280
Speaker 8: U I t e.

1281
01:01:02,320 --> 01:01:05,520
Speaker 7: G Suite or yes that yeah, so where you can

1282
01:01:05,600 --> 01:01:08,600
Speaker 7: get a real business email address and it's only six

1283
01:01:08,720 --> 01:01:09,400
Speaker 7: dollars a month.

1284
01:01:09,720 --> 01:01:10,479
Speaker 8: It's super cheap.

1285
01:01:10,520 --> 01:01:12,760
Speaker 7: You can start it tonight and you have your your

1286
01:01:12,800 --> 01:01:14,280
Speaker 7: real email address, are all.

1287
01:01:14,160 --> 01:01:14,680
Speaker 8: Ready to go.

1288
01:01:15,480 --> 01:01:18,320
Speaker 10: But when I when I filed for my LLC, I

1289
01:01:18,400 --> 01:01:19,560
Speaker 10: put the other email on.

1290
01:01:20,320 --> 01:01:23,320
Speaker 7: Listen, let me explain this to you. Right, your LLC

1291
01:01:23,520 --> 01:01:26,400
Speaker 7: is considered a person. It's an entity, right, just like

1292
01:01:26,400 --> 01:01:28,720
Speaker 7: you're considered a person. Guess what you can change. I

1293
01:01:28,760 --> 01:01:30,640
Speaker 7: can change my name from if I want to. I

1294
01:01:30,680 --> 01:01:32,920
Speaker 7: can change my address, I can change my phone number,

1295
01:01:33,040 --> 01:01:34,520
Speaker 7: and I can change my email too.

1296
01:01:34,720 --> 01:01:36,320
Speaker 8: All you have to do is contact the.

1297
01:01:36,360 --> 01:01:39,760
Speaker 7: Secretary of State and update whatever information you need to update.

1298
01:01:40,080 --> 01:01:42,760
Speaker 7: Google is not called Google anymore. They're called Alphabet. They

1299
01:01:42,880 --> 01:01:44,600
Speaker 7: change their name. But all they have to do is

1300
01:01:44,680 --> 01:01:47,240
Speaker 7: let the Secretary of State know. Hey, we're not called

1301
01:01:47,280 --> 01:01:50,160
Speaker 7: Google anymore, We're called Alphabet. We move to this address,

1302
01:01:50,160 --> 01:01:52,440
Speaker 7: we have this new email address. Here's our new information,

1303
01:01:52,640 --> 01:01:55,200
Speaker 7: and your LLC will be updated with that information with

1304
01:01:55,240 --> 01:01:56,160
Speaker 7: the Secretary of State.

1305
01:01:56,440 --> 01:01:58,200
Speaker 8: So you're straight, it's not complex.

1306
01:01:59,080 --> 01:02:00,640
Speaker 2: Oh, thank youpreciate your help.

1307
01:02:00,680 --> 01:02:02,440
Speaker 8: Absolutely, Thank you so much for joining us tonight.

1308
01:02:02,800 --> 01:02:05,840
Speaker 5: Thank you have a good happy holidays. Do you and

1309
01:02:05,880 --> 01:02:08,240
Speaker 5: a fat.

1310
01:02:08,920 --> 01:02:09,320
Speaker 2: Uh?

1311
01:02:09,440 --> 01:02:11,640
Speaker 5: Tanya were coming to you? Tanya Simpson, what's going on?

1312
01:02:11,640 --> 01:02:15,880
Speaker 5: I mute yourself? You've been unmuted? How you doing uh today?

1313
01:02:16,120 --> 01:02:16,800
Speaker 11: How you doing?

1314
01:02:19,000 --> 01:02:19,919
Speaker 2: No problem?

1315
01:02:20,080 --> 01:02:21,800
Speaker 7: This is definitely some diamond information.

1316
01:02:21,880 --> 01:02:22,880
Speaker 6: So I kind of want.

1317
01:02:22,760 --> 01:02:25,960
Speaker 12: To ask the same question or some of the questions.

1318
01:02:26,080 --> 01:02:27,840
Speaker 12: My website is a dot us.

1319
01:02:27,960 --> 01:02:30,760
Speaker 13: Do that have a bad impact on my business?

1320
01:02:30,800 --> 01:02:33,000
Speaker 6: Because it's at us and not of dot com.

1321
01:02:33,120 --> 01:02:35,000
Speaker 8: No, no, no, that's that's totally jitlemen.

1322
01:02:35,280 --> 01:02:38,560
Speaker 7: As long as it's your business domain name dot us,

1323
01:02:38,680 --> 01:02:41,560
Speaker 7: dot net, dot com, dot org, as long as it's

1324
01:02:41,600 --> 01:02:43,200
Speaker 7: professional in that case, you're going to be.

1325
01:02:43,200 --> 01:02:43,920
Speaker 8: In good shape.

1326
01:02:44,480 --> 01:02:45,520
Speaker 6: Yes, okay, thank.

1327
01:02:45,360 --> 01:02:49,280
Speaker 5: You, no worry, Thank you for Simpsons, Thank you to

1328
01:02:49,280 --> 01:02:52,560
Speaker 5: you having happy holidays for you and the ah, let's

1329
01:02:52,600 --> 01:02:56,640
Speaker 5: go down here, can't we're coming to you. Can't. I'm

1330
01:02:56,680 --> 01:02:58,760
Speaker 5: mute yourself, you've been unmuted. What's going on.

1331
01:03:00,680 --> 01:03:01,160
Speaker 12: Going on?

1332
01:03:01,280 --> 01:03:03,600
Speaker 8: Man, mister Hammond? How you feeling tonight?

1333
01:03:04,560 --> 01:03:04,840
Speaker 9: Good?

1334
01:03:04,960 --> 01:03:05,120
Speaker 11: Bro?

1335
01:03:05,480 --> 01:03:08,000
Speaker 12: I just wanted to know I've been hearing about the

1336
01:03:08,000 --> 01:03:11,120
Speaker 12: shelf corporations. I don't know if they really work the

1337
01:03:11,160 --> 01:03:12,560
Speaker 12: max because you know, you got to have a four

1338
01:03:12,640 --> 01:03:15,760
Speaker 12: years to get funded, right, So I wanted to know,

1339
01:03:16,320 --> 01:03:19,040
Speaker 12: do we really need to have to do the Jeff

1340
01:03:19,400 --> 01:03:22,280
Speaker 12: corporation work for that matter?

1341
01:03:22,640 --> 01:03:27,120
Speaker 7: That makes so Here's why shelf corporations even exist. Shelf

1342
01:03:27,160 --> 01:03:31,240
Speaker 7: corporations exist because ninety percent of banks, before they you

1343
01:03:31,320 --> 01:03:35,480
Speaker 7: can you are offered lines of credit. Right, your business

1344
01:03:35,480 --> 01:03:37,800
Speaker 7: has to be two years or older. If it's not

1345
01:03:37,840 --> 01:03:39,600
Speaker 7: two years of older, you're most likely going to be

1346
01:03:39,600 --> 01:03:42,040
Speaker 7: eligible for a business credit card. Which is a great start.

1347
01:03:42,360 --> 01:03:44,800
Speaker 7: So shelf Course where existed because it's like, hey, if

1348
01:03:44,800 --> 01:03:46,320
Speaker 7: I want to jump to the line and I want

1349
01:03:46,320 --> 01:03:48,640
Speaker 7: to get lines of credit in addition to credit cards,

1350
01:03:48,880 --> 01:03:50,160
Speaker 7: let me purchase the shelf courp.

1351
01:03:50,320 --> 01:03:51,959
Speaker 8: There's nothing wrong with the shelf courp.

1352
01:03:52,520 --> 01:03:55,920
Speaker 7: We recommend you get them if you have good credit,

1353
01:03:55,920 --> 01:03:58,200
Speaker 7: because then you could combine it with your good personal

1354
01:03:58,240 --> 01:03:59,640
Speaker 7: credit and then you can get.

1355
01:03:59,480 --> 01:04:01,000
Speaker 8: Credit cards and lines of credit.

1356
01:04:01,200 --> 01:04:03,560
Speaker 7: I want to be careful with people getting scammed out

1357
01:04:03,560 --> 01:04:06,040
Speaker 7: there when people say, oh, you get this five year

1358
01:04:06,040 --> 01:04:08,040
Speaker 7: old shelf Corp. It guarantees you one hundred hundred and

1359
01:04:08,040 --> 01:04:10,480
Speaker 7: twenty five thousand dollars two hundred and fifty thousand dollars.

1360
01:04:10,560 --> 01:04:11,600
Speaker 8: No, that's not the case.

1361
01:04:11,840 --> 01:04:13,880
Speaker 7: If the shelf court isn't built up, if it doesn't

1362
01:04:13,880 --> 01:04:17,160
Speaker 7: have trade lines on it already, that's definitely not the case.

1363
01:04:17,200 --> 01:04:18,920
Speaker 7: So you definitely want to be careful with that. So

1364
01:04:19,040 --> 01:04:21,520
Speaker 7: like Bellos on the LLC, right, my business. Right, it's

1365
01:04:21,560 --> 01:04:23,720
Speaker 7: like the LLC is like seven years old. I can

1366
01:04:23,760 --> 01:04:26,080
Speaker 7: sell it to you, right, mister Hammond, And because you

1367
01:04:26,120 --> 01:04:27,920
Speaker 7: got a seven hundred plus credit score, you can go

1368
01:04:28,000 --> 01:04:29,600
Speaker 7: out and you can get fifty to two hundred thousand

1369
01:04:29,600 --> 01:04:32,400
Speaker 7: dollars because you got good credit combined with the shelf court.

1370
01:04:32,720 --> 01:04:35,000
Speaker 7: But just be careful when people are saying, hey, buy

1371
01:04:35,040 --> 01:04:37,400
Speaker 7: the shelf cop for ten thousand dollars and you'll guarantee

1372
01:04:37,720 --> 01:04:40,160
Speaker 7: to get to fifty. That's definitely not the case. But

1373
01:04:40,160 --> 01:04:42,040
Speaker 7: you definitely want to be careful with that. But it's

1374
01:04:42,080 --> 01:04:44,240
Speaker 7: but the purpose of it is to get higher lines

1375
01:04:44,280 --> 01:04:46,560
Speaker 7: of credit because the company is older.

1376
01:04:49,480 --> 01:04:52,800
Speaker 8: Appreciate it, bro, no problem, great question, Thank you for that.

1377
01:04:53,200 --> 01:05:06,080
Speaker 14: Appreciate what you gain. Let's go to let's see ty Wron.

1378
01:05:06,160 --> 01:05:09,840
Speaker 5: We can come to you. Tyrone. You've been unmuted. Mute yourself.

1379
01:05:11,520 --> 01:05:12,439
Speaker 5: What's going on? Brother?

1380
01:05:17,240 --> 01:05:18,479
Speaker 8: I talked to us all.

1381
01:05:18,440 --> 01:05:19,040
Speaker 4: Right real quick.

1382
01:05:19,040 --> 01:05:21,560
Speaker 15: I got two questions. Thank y'all for First, thank y'all

1383
01:05:21,600 --> 01:05:26,160
Speaker 15: always absolutely so. The questions is that's her one of

1384
01:05:26,160 --> 01:05:27,960
Speaker 15: my clients today. We were doing some things that we

1385
01:05:27,960 --> 01:05:30,040
Speaker 15: were talking about business funding, right, and we were looking

1386
01:05:30,080 --> 01:05:31,880
Speaker 15: at her. We were trying to find her paydex score

1387
01:05:32,320 --> 01:05:35,440
Speaker 15: and they couldn't pull up her experienced business Equifax business

1388
01:05:35,440 --> 01:05:37,280
Speaker 15: and she was like, but I have a business credit card.

1389
01:05:37,600 --> 01:05:39,280
Speaker 15: And I was like, oh, but you didn't do those

1390
01:05:39,320 --> 01:05:41,080
Speaker 15: trade lines. I told you, you know, She was like, no,

1391
01:05:41,160 --> 01:05:44,080
Speaker 15: I never did those. So do you have to do

1392
01:05:44,360 --> 01:05:46,760
Speaker 15: the vendor tier one, two, three before you.

1393
01:05:46,920 --> 01:05:48,760
Speaker 6: Do the trade line for business funding or not?

1394
01:05:49,000 --> 01:05:51,520
Speaker 15: That's the first question and the second question is real

1395
01:05:51,600 --> 01:05:52,280
Speaker 15: quick afterwards.

1396
01:05:52,320 --> 01:05:55,360
Speaker 7: But that's all right, So let's attack that first so

1397
01:05:56,360 --> 01:06:00,640
Speaker 7: unpopular belief, right, ninety five percent of business credit cards

1398
01:06:00,800 --> 01:06:04,520
Speaker 7: don't report anywhere right. On the personal side, you could

1399
01:06:04,520 --> 01:06:06,080
Speaker 7: buy a stick of gum. It's gonna be on your

1400
01:06:06,080 --> 01:06:09,960
Speaker 7: credit report in thirty days. American Express, Chase, Well Spargo,

1401
01:06:10,000 --> 01:06:13,560
Speaker 7: they're not reporting anywhere right, so they're not building up

1402
01:06:14,000 --> 01:06:15,280
Speaker 7: your business's.

1403
01:06:14,880 --> 01:06:15,600
Speaker 8: Credit, your core.

1404
01:06:16,880 --> 01:06:19,120
Speaker 5: This episode is brought to you by P and C Bank.

1405
01:06:19,520 --> 01:06:22,280
Speaker 5: A lot of people think podcasts about work are boring,

1406
01:06:22,480 --> 01:06:26,360
Speaker 5: and sure they definitely can be, But understanding of professionals

1407
01:06:26,400 --> 01:06:29,680
Speaker 5: routine shows us how they achieve their success little by little,

1408
01:06:30,040 --> 01:06:33,720
Speaker 5: day after day. It's like banking with P and C Bank.

1409
01:06:34,160 --> 01:06:36,960
Speaker 5: It might seem boring to save, plan and make calculated

1410
01:06:37,000 --> 01:06:40,120
Speaker 5: decisions with your bank, but keeping your money boring is

1411
01:06:40,120 --> 01:06:43,440
Speaker 5: what helps you live or more happily fulfilled life. P

1412
01:06:43,560 --> 01:06:48,400
Speaker 5: and C Bank brilliantly boring since eighteen sixty five. Brilliantly

1413
01:06:48,440 --> 01:06:51,080
Speaker 5: boring since eighteen sixty five is a service mark of

1414
01:06:51,120 --> 01:06:54,360
Speaker 5: the PNC Financial Service Group, Inc. P and C Bank

1415
01:06:54,760 --> 01:07:00,400
Speaker 5: National Association member FDIC Earners.

1416
01:07:00,400 --> 01:07:00,760
Speaker 2: What's Up?

1417
01:07:00,840 --> 01:07:03,320
Speaker 5: You ever walk into a small business and everything just

1418
01:07:03,480 --> 01:07:06,640
Speaker 5: works like the checkout is fast, the receipts are digital,

1419
01:07:07,160 --> 01:07:10,160
Speaker 5: tipping is a breeze, and you're out the door before

1420
01:07:10,160 --> 01:07:14,320
Speaker 5: the line even builds odds are they're using Square. We

1421
01:07:14,480 --> 01:07:17,040
Speaker 5: love supporting businesses that run on Square because it just

1422
01:07:17,040 --> 01:07:20,280
Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor

1423
01:07:20,320 --> 01:07:22,600
Speaker 5: at a pop up market, or even one of our

1424
01:07:22,640 --> 01:07:26,320
Speaker 5: merch partners, Square makes it easy for them to take payments,

1425
01:07:26,520 --> 01:07:30,240
Speaker 5: manage inventory, and run their business with confidence, all from

1426
01:07:30,360 --> 01:07:33,760
Speaker 5: one simple system. If you're a business owner or even

1427
01:07:33,840 --> 01:07:37,360
Speaker 5: just thinking about launching something soon, Square is hands down

1428
01:07:37,400 --> 01:07:40,440
Speaker 5: one of the best tools out there to help you start, run,

1429
01:07:40,680 --> 01:07:44,000
Speaker 5: and grow. It's not just about payments, it's about giving

1430
01:07:44,000 --> 01:07:46,680
Speaker 5: you time back so you can focus on what matters

1431
01:07:46,720 --> 01:07:49,960
Speaker 5: most ready. To see how Square can transform your business,

1432
01:07:50,240 --> 01:07:54,880
Speaker 5: visit Square dot com backslash, go backslash eyl to learn

1433
01:07:54,920 --> 01:07:59,760
Speaker 5: more that Square dot com backslash, go backslash eyl, don't

1434
01:07:59,760 --> 01:08:02,800
Speaker 5: wait eight, don't hesitate, Let's Square handle the back end

1435
01:08:03,000 --> 01:08:06,280
Speaker 5: so you can keep pushing your vision forward.

1436
01:08:07,120 --> 01:08:10,800
Speaker 1: An illegal alien from Guatemala charged with raping a child

1437
01:08:10,840 --> 01:08:14,640
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

1438
01:08:14,880 --> 01:08:19,000
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

1439
01:08:19,080 --> 01:08:22,960
Speaker 1: filming and selling child pornography in Michigan. These are just

1440
01:08:23,080 --> 01:08:26,839
Speaker 1: some of the heinous migrant criminals caught because of President

1441
01:08:26,880 --> 01:08:30,400
Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

1442
01:08:30,479 --> 01:08:35,280
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

1443
01:08:35,280 --> 01:08:38,840
Speaker 1: crossings are at the lowest levels ever recorded, and over

1444
01:08:38,920 --> 01:08:42,120
Speaker 1: one hundred thousand illegal aliens have been arrested. If you

1445
01:08:42,200 --> 01:08:46,040
Speaker 1: are here illegally, your next you will be fined nearly

1446
01:08:46,120 --> 01:08:50,160
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

1447
01:08:50,200 --> 01:08:53,840
Speaker 1: never return. But if you register using our CBP home

1448
01:08:53,880 --> 01:08:57,240
Speaker 1: app and leave now, you could be allowed to return legally.

1449
01:08:57,600 --> 01:09:02,360
Speaker 1: Do what's right. Leave now. Under President Trump America's laws,

1450
01:09:02,520 --> 01:09:04,960
Speaker 1: border and families will be protected.

1451
01:09:05,080 --> 01:09:07,439
Speaker 8: Sponsored by the United States Department of Homeland Security or

1452
01:09:07,439 --> 01:09:08,200
Speaker 8: credit whatsoever.

1453
01:09:08,240 --> 01:09:11,320
Speaker 7: A couple of credit cards that do divvy DVD Y

1454
01:09:11,920 --> 01:09:15,000
Speaker 7: capital on tap. Those are great corporate credit cards. They

1455
01:09:15,040 --> 01:09:17,599
Speaker 7: don't care what your credit score is, right, anybody could

1456
01:09:17,600 --> 01:09:19,280
Speaker 7: get them. If you have a business checking account three

1457
01:09:19,280 --> 01:09:20,920
Speaker 7: months old, you got a couple of dollars going in there,

1458
01:09:21,200 --> 01:09:23,080
Speaker 7: they'll see what they can do to get you some funded.

1459
01:09:23,120 --> 01:09:27,760
Speaker 7: But they actually report to your business credit profile and

1460
01:09:27,880 --> 01:09:29,160
Speaker 7: that helps build up your score.

1461
01:09:29,400 --> 01:09:30,759
Speaker 8: Now, toy, you did give her.

1462
01:09:30,640 --> 01:09:34,559
Speaker 7: Some great advice to start building her corporate credit right

1463
01:09:34,800 --> 01:09:40,120
Speaker 7: by getting some Tier one vendors on her business credit profile,

1464
01:09:40,160 --> 01:09:43,200
Speaker 7: and that's great. Once you built it up to tier four,

1465
01:09:43,720 --> 01:09:46,559
Speaker 7: that's when you're able to go and get corporate credit,

1466
01:09:46,840 --> 01:09:49,880
Speaker 7: no personal guaranteed, no matter what. Now, if you're trying

1467
01:09:49,880 --> 01:09:52,759
Speaker 7: to get funded and she's a startup company, the tier

1468
01:09:52,760 --> 01:09:55,120
Speaker 7: ones are not going to be enough for her to

1469
01:09:55,360 --> 01:09:58,679
Speaker 7: just get corporate credit in general. So you can suggest

1470
01:09:58,760 --> 01:10:02,679
Speaker 7: to her divvy work a credit card capital on tap.

1471
01:10:02,840 --> 01:10:05,080
Speaker 7: But in the meantime, she'll definitely need to get her

1472
01:10:05,080 --> 01:10:07,200
Speaker 7: credit up so she can PG it personally.

1473
01:10:07,240 --> 01:10:09,519
Speaker 15: Okay, oh yeah, and we already worked on that and

1474
01:10:09,560 --> 01:10:11,400
Speaker 15: did that. You know I'm tapping. I've been tapped in

1475
01:10:11,439 --> 01:10:14,000
Speaker 15: with y'all, so you know, like we on that. So

1476
01:10:14,200 --> 01:10:16,360
Speaker 15: thank you so much. And the second quick question is

1477
01:10:16,360 --> 01:10:20,120
Speaker 15: this in terms of foreign entities and tax havens. If

1478
01:10:20,160 --> 01:10:22,360
Speaker 15: I want to become or use my business as a

1479
01:10:22,400 --> 01:10:25,240
Speaker 15: foreign entity in a state that's a tax saven, maybe

1480
01:10:25,280 --> 01:10:28,800
Speaker 15: Delaware or somewhere like that, how does that work?

1481
01:10:28,840 --> 01:10:29,000
Speaker 3: You know?

1482
01:10:29,080 --> 01:10:31,160
Speaker 15: Do I just file and then I can just start

1483
01:10:31,600 --> 01:10:34,599
Speaker 15: assuming business or doing business there and then I'm good

1484
01:10:34,640 --> 01:10:35,360
Speaker 15: and I'm saving?

1485
01:10:35,479 --> 01:10:36,920
Speaker 6: Or how does that work if you don't lie?

1486
01:10:37,360 --> 01:10:40,800
Speaker 7: So I am not a tax professional, so I gotta

1487
01:10:40,840 --> 01:10:43,240
Speaker 7: be careful how I answer these questions. Definitely tap into

1488
01:10:43,280 --> 01:10:45,439
Speaker 7: your tax professional who would answer that better for you.

1489
01:10:45,840 --> 01:10:48,680
Speaker 7: When I speak of foreign entities, I used to pick us.

1490
01:10:48,680 --> 01:10:51,040
Speaker 7: I'm about to do business in a state like I'm in.

1491
01:10:51,080 --> 01:10:53,240
Speaker 7: I'm in Atlanta all the time, right, So I got

1492
01:10:53,280 --> 01:10:55,320
Speaker 7: a foreign entity down there, and I know they got

1493
01:10:55,360 --> 01:10:57,680
Speaker 7: great lenders down there that I like to do business with.

1494
01:10:58,000 --> 01:11:00,280
Speaker 7: And the credit unions first, they won't do business with

1495
01:11:00,320 --> 01:11:02,360
Speaker 7: me because I'm based in PA. So I got the

1496
01:11:02,400 --> 01:11:04,599
Speaker 7: foreign entity in the state of Georgia, so I'm allowed

1497
01:11:04,640 --> 01:11:07,200
Speaker 7: to open up business checking accounts there and get the funding.

1498
01:11:07,439 --> 01:11:10,599
Speaker 7: When it comes to the tax questions or tax side

1499
01:11:10,640 --> 01:11:13,439
Speaker 7: of it. When it comes to Delaware, Wyoming, I'm almost

1500
01:11:13,479 --> 01:11:15,920
Speaker 7: certain that there are benefits for running your business there,

1501
01:11:16,160 --> 01:11:18,559
Speaker 7: but definitely tapping with your tax professional who can give

1502
01:11:18,600 --> 01:11:19,880
Speaker 7: you the best advice on that.

1503
01:11:20,560 --> 01:11:21,080
Speaker 5: Absolutely.

1504
01:11:21,080 --> 01:11:22,839
Speaker 6: Thanks again, Boss, I appreciate you.

1505
01:11:23,120 --> 01:11:23,800
Speaker 5: I appreciate you.

1506
01:11:23,840 --> 01:11:29,320
Speaker 3: Tyron, Yes, sers Key, I mean more. We want to

1507
01:11:29,320 --> 01:11:30,680
Speaker 3: do it before we bring MG on.

1508
01:11:31,439 --> 01:11:34,599
Speaker 5: The hands keep going up, going on. Let's let's take uh,

1509
01:11:35,600 --> 01:11:39,719
Speaker 5: let's take like maybe you wanted to Sean Sean Barley

1510
01:11:39,720 --> 01:11:42,080
Speaker 5: were coming to you. Man, I'm mute yourself. You've been unmuted.

1511
01:11:42,120 --> 01:11:42,920
Speaker 5: What's going on, Sean?

1512
01:11:48,800 --> 01:11:49,160
Speaker 16: I'll do.

1513
01:11:50,960 --> 01:11:53,720
Speaker 5: No fridge break showing no fridge break. We appreciate your

1514
01:11:53,720 --> 01:11:56,600
Speaker 5: attendance without no fridge breaks. So we're gonna go to

1515
01:11:56,640 --> 01:12:00,200
Speaker 5: Anthony Anthony Robinson. We're coming to you. You yourself, you've

1516
01:12:00,200 --> 01:12:03,679
Speaker 5: been unmuted. What else fellas whatever?

1517
01:12:04,320 --> 01:12:06,160
Speaker 8: Mister Robinson, how you feeling the night?

1518
01:12:07,240 --> 01:12:08,400
Speaker 11: Being good? Being good?

1519
01:12:08,640 --> 01:12:08,920
Speaker 7: Good?

1520
01:12:10,160 --> 01:12:15,599
Speaker 11: So what about if you're blocked from uh getting bank

1521
01:12:15,600 --> 01:12:23,120
Speaker 11: accounts on check systems and early one, how can I

1522
01:12:23,240 --> 01:12:24,640
Speaker 11: go about getting around it?

1523
01:12:24,960 --> 01:12:27,760
Speaker 7: So that's so it's hard to get around that. You

1524
01:12:27,880 --> 01:12:32,120
Speaker 7: have to attack it. So you're going to have to first.

1525
01:12:32,400 --> 01:12:35,679
Speaker 7: It's like it's almost like credit repair, right, it's basically

1526
01:12:35,760 --> 01:12:38,200
Speaker 7: our credit pair. So you're going to have to attack

1527
01:12:38,320 --> 01:12:40,599
Speaker 7: check systems, You're gonna have to write a letter to them.

1528
01:12:40,600 --> 01:12:41,960
Speaker 8: You're going to have to actually write.

1529
01:12:41,840 --> 01:12:46,960
Speaker 7: Letters to Lexus Nexus so you can get those check

1530
01:12:47,000 --> 01:12:50,559
Speaker 7: systems from from keeping you from open up bank accounts.

1531
01:12:50,560 --> 01:12:52,240
Speaker 7: So usually it's because you have a bounce check in

1532
01:12:52,240 --> 01:12:55,120
Speaker 7: the past. So you have to remedy that situation. Whether hey,

1533
01:12:55,120 --> 01:12:56,840
Speaker 7: you owld them three hundred dollars, hundred dollars, you go

1534
01:12:56,880 --> 01:12:59,200
Speaker 7: to Chase hair Chase, here's your five hundred dollars, can

1535
01:12:59,240 --> 01:13:02,000
Speaker 7: you please remove me from check system If they verify

1536
01:13:02,120 --> 01:13:03,880
Speaker 7: that information, they usually send you a letter.

1537
01:13:04,080 --> 01:13:05,960
Speaker 8: You send that over to Lexus and Nexus.

1538
01:13:06,160 --> 01:13:07,960
Speaker 7: You send that over to the people that are blocking

1539
01:13:08,040 --> 01:13:10,639
Speaker 7: you from check systems, and that's your remedy the situation.

1540
01:13:11,000 --> 01:13:12,479
Speaker 7: I don't want to give you no quick cats to

1541
01:13:12,520 --> 01:13:13,840
Speaker 7: do what I'm going to show you the right way

1542
01:13:13,840 --> 01:13:16,400
Speaker 7: to do it, because if there's a if there's a

1543
01:13:16,439 --> 01:13:18,920
Speaker 7: hat that somebody's giving you about that, then they might

1544
01:13:18,960 --> 01:13:20,439
Speaker 7: work at one bank but not all.

1545
01:13:20,760 --> 01:13:21,519
Speaker 8: So you want to make.

1546
01:13:21,400 --> 01:13:24,720
Speaker 7: Sure you're tapping into Lexus Nexus first to get the

1547
01:13:24,800 --> 01:13:27,120
Speaker 7: check systems removed. Write them the letters, you can even

1548
01:13:27,120 --> 01:13:29,040
Speaker 7: get them on the phone, and then put yourself in

1549
01:13:29,040 --> 01:13:31,320
Speaker 7: position so you're going to open up bank accounts right now?

1550
01:13:32,600 --> 01:13:36,960
Speaker 11: Oh okay, cool, thank you, Thank you for the appreciation.

1551
01:13:36,640 --> 01:13:40,479
Speaker 5: Absolutely, bro, whole lot of game, A whole lot of game.

1552
01:13:41,080 --> 01:13:45,639
Speaker 5: I'm trying, Bro, I'm trying appreciate you. Anthony. Oh yeah,

1553
01:13:45,680 --> 01:13:46,120
Speaker 5: for sure.

1554
01:13:47,360 --> 01:13:54,559
Speaker 4: All right, you do one more?

1555
01:13:55,880 --> 01:13:57,080
Speaker 8: I got one more, I got one more.

1556
01:13:57,720 --> 01:13:59,519
Speaker 5: Let's do it. We're coming to you. Let's do this.

1557
01:13:59,600 --> 01:14:02,759
Speaker 5: Leslie coming to you. I um mute yourself. You've been unmuted.

1558
01:14:02,800 --> 01:14:03,799
Speaker 5: How you doing, Leslie?

1559
01:14:07,439 --> 01:14:08,840
Speaker 8: Come on, Leslie, you don't break our hearts.

1560
01:14:08,840 --> 01:14:11,760
Speaker 5: You're there, Mike is as you're ready to go.

1561
01:14:15,400 --> 01:14:15,799
Speaker 4: Thanks.

1562
01:14:15,840 --> 01:14:19,400
Speaker 5: Oh damn, Leslie, Leslie. It don't mean we don't love you, don't.

1563
01:14:19,479 --> 01:14:22,160
Speaker 5: It really doesn't. It really doesn't mean we don't love it.

1564
01:14:22,200 --> 01:14:24,639
Speaker 5: We love you even more for actually raising your hand

1565
01:14:24,840 --> 01:14:26,519
Speaker 5: and having encourage to answer this question.

1566
01:14:26,600 --> 01:14:35,240
Speaker 17: But we'll get you on the next one. Uh, it's swelling.

1567
01:14:35,920 --> 01:14:38,439
Speaker 17: See swelling can come through for swelling. Roberts, what's going on?

1568
01:14:38,520 --> 01:14:39,679
Speaker 17: I mut yourself, you've been unmuted.

1569
01:14:41,000 --> 01:14:42,080
Speaker 18: Yes, how's everybody doing?

1570
01:14:42,280 --> 01:14:44,920
Speaker 8: Let's get it, mister Roberts. How you feeling doing well?

1571
01:14:45,160 --> 01:14:49,360
Speaker 18: Very familiar with both platforms. I'm definitely following both of

1572
01:14:49,439 --> 01:14:53,400
Speaker 18: you guys man, love the platform, love everything, just really quick.

1573
01:14:53,840 --> 01:14:57,639
Speaker 18: I just had a question about I know you talked

1574
01:14:57,680 --> 01:14:59,880
Speaker 18: a lot about funding and position and your your business.

1575
01:15:00,800 --> 01:15:03,559
Speaker 18: I know somebody taught a class about is the next

1576
01:15:03,640 --> 01:15:08,040
Speaker 18: level to get into to trust some things like that

1577
01:15:08,280 --> 01:15:10,080
Speaker 18: after you've established everything.

1578
01:15:12,120 --> 01:15:15,519
Speaker 7: So you know, with us, as we gain our people,

1579
01:15:15,560 --> 01:15:19,360
Speaker 7: as we gain information, then we added to the repertoire.

1580
01:15:20,560 --> 01:15:22,679
Speaker 7: Like I didn't know about trust when I first started

1581
01:15:22,680 --> 01:15:24,840
Speaker 7: my LLC. I didn't know about trust when I was

1582
01:15:24,840 --> 01:15:26,920
Speaker 7: building business credit. I didn't know about trust when I

1583
01:15:27,000 --> 01:15:30,920
Speaker 7: was building corporate credit. But as you get the information, yes,

1584
01:15:31,080 --> 01:15:34,559
Speaker 7: you can put it into your your folder. So I

1585
01:15:34,560 --> 01:15:37,840
Speaker 7: gotta trust later in life. Under my trust is my

1586
01:15:37,920 --> 01:15:40,680
Speaker 7: holding company. I set up my holding company, and then

1587
01:15:40,720 --> 01:15:44,439
Speaker 7: my holding company it has a bunch of all my

1588
01:15:44,479 --> 01:15:47,680
Speaker 7: different LLCs, Bellosona Enterprises, Olivia marun Ning Prizes, and all

1589
01:15:47,680 --> 01:15:50,120
Speaker 7: the different businesses that I do. So it's not too

1590
01:15:50,200 --> 01:15:53,679
Speaker 7: late to go back and structure it correctly, to protect yourself,

1591
01:15:53,760 --> 01:15:56,800
Speaker 7: to protect your assets, and to protect your future generation

1592
01:15:57,600 --> 01:15:59,479
Speaker 7: from what you have built here right now. Because I

1593
01:15:59,479 --> 01:16:01,960
Speaker 7: tell people all the time that I'm planning seeds for

1594
01:16:02,000 --> 01:16:04,800
Speaker 7: fruit I'll never see, so I want to make sure

1595
01:16:04,840 --> 01:16:09,400
Speaker 7: that my children and my grandchildren have these assets that

1596
01:16:09,479 --> 01:16:11,400
Speaker 7: have been protected because I set up a trust, a

1597
01:16:11,439 --> 01:16:15,600
Speaker 7: holding company and the different businesses that are under them.

1598
01:16:15,640 --> 01:16:16,719
Speaker 4: Perfect, Okay, gotcha.

1599
01:16:16,760 --> 01:16:18,360
Speaker 8: Thank you so much, absolutely, Bro.

1600
01:16:19,280 --> 01:16:19,960
Speaker 5: I appreciate you.

1601
01:16:20,520 --> 01:16:22,200
Speaker 4: I it's been a pleasure.

1602
01:16:22,720 --> 01:16:25,240
Speaker 8: I appreciate you, gentlemen, thank you.

1603
01:16:25,400 --> 01:16:28,120
Speaker 3: Thank you, and I know that you'll be, you know,

1604
01:16:28,160 --> 01:16:31,639
Speaker 3: a big part of your leisure university as well moving forward. Yes,

1605
01:16:32,400 --> 01:16:37,400
Speaker 3: contributor and uh yeah, a great resource to the community.

1606
01:16:37,479 --> 01:16:38,000
Speaker 4: So thank you.

1607
01:16:38,040 --> 01:16:40,040
Speaker 7: In advanced I look, I look forward to being a

1608
01:16:40,080 --> 01:16:42,080
Speaker 7: service and I look forward to seeing you guys in

1609
01:16:42,200 --> 01:16:43,599
Speaker 7: New York at the WHO Center.

1610
01:16:43,640 --> 01:16:45,320
Speaker 8: I'm looking forward to that this weekend. It's going to

1611
01:16:45,400 --> 01:16:45,759
Speaker 8: be dope.

1612
01:16:46,760 --> 01:16:47,200
Speaker 4: Oh yeah.

1613
01:16:47,240 --> 01:16:49,320
Speaker 3: If you don't have your tickets to Magine Square Guard

1614
01:16:49,320 --> 01:16:55,599
Speaker 3: and you playing yourself many, it's gonna be a vibe man.

1615
01:16:55,760 --> 01:17:02,160
Speaker 3: Jada Kiss, Floyd Money, Mayweather, Don Peebles, uh I and Dunlap, myself, Troy.

1616
01:17:03,280 --> 01:17:05,280
Speaker 3: It's gonna be so many people there, man, it's gonna

1617
01:17:05,320 --> 01:17:09,120
Speaker 3: be an amazing experience and it's extremely dope to do it.

1618
01:17:08,920 --> 01:17:11,000
Speaker 8: Beautiful Manhattan. I look forward to it.

1619
01:17:11,560 --> 01:17:13,559
Speaker 3: It's gonna be it's gonna be a motion picture, motion

1620
01:17:13,720 --> 01:17:17,720
Speaker 3: picture event. Brother, Yeah, yeah, yeah, but but thank you brother.

1621
01:17:17,720 --> 01:17:20,920
Speaker 3: I appreciate you all right, man, love his love, appreciate you.

1622
01:17:21,160 --> 01:17:23,360
Speaker 7: Love you guys. Have a blessed holiday season. I see

1623
01:17:23,360 --> 01:17:24,240
Speaker 7: all the speak in peace.

1624
01:17:24,840 --> 01:17:28,839
Speaker 5: Likewise, likewise, hit the like button.

1625
01:17:28,960 --> 01:17:32,960
Speaker 3: Twenty one hundred people on the YouTube. We are at

1626
01:17:33,000 --> 01:17:36,320
Speaker 3: the final stretch of this situation. We're gonna talk about

1627
01:17:36,360 --> 01:17:41,000
Speaker 3: real estate. Gave you guys a lot of information went

1628
01:17:41,120 --> 01:17:45,360
Speaker 3: from oh and Herman also gave us his his business

1629
01:17:45,360 --> 01:17:49,559
Speaker 3: credit course. He provided that in Earner Leisure University as

1630
01:17:49,600 --> 01:17:56,479
Speaker 3: well Eyo University. Herman's business credit course will be in

1631
01:17:56,520 --> 01:17:59,920
Speaker 3: the curriculum. So we want to thank Herman for that.

1632
01:18:00,520 --> 01:18:02,840
Speaker 3: I'm saying, like all these different courses are going to

1633
01:18:02,880 --> 01:18:06,000
Speaker 3: be under one umbrella. So if you're in eyou you

1634
01:18:06,040 --> 01:18:09,639
Speaker 3: get access to Dan's course, you get access to Herman's course,

1635
01:18:10,360 --> 01:18:14,160
Speaker 3: and you get access to MG the mortgage Guys course

1636
01:18:14,560 --> 01:18:18,000
Speaker 3: is home by his Blueprint Volume one and volume two.

1637
01:18:19,200 --> 01:18:23,280
Speaker 3: You get all of that as part of one package.

1638
01:18:23,520 --> 01:18:27,920
Speaker 3: Extreamly impressive situation. Matt, how are you? How are you? Brother?

1639
01:18:28,520 --> 01:18:31,600
Speaker 2: My brothers. Welcome back to America.

1640
01:18:32,240 --> 01:18:36,960
Speaker 19: Welcome back, Welcome back, Welcome back, welcome back.

1641
01:18:37,640 --> 01:18:39,880
Speaker 5: Have you seen the past twenty four hours for s MG.

1642
01:18:40,920 --> 01:18:43,920
Speaker 19: I've been paying attention and I have to say, I

1643
01:18:43,960 --> 01:18:47,439
Speaker 19: don't know how you mother fis do it. You guys

1644
01:18:47,479 --> 01:18:52,800
Speaker 19: are savagest, Like, first of all, hold on, we got

1645
01:18:52,840 --> 01:18:55,760
Speaker 19: to give y'all some flowers. First of all, because there's

1646
01:18:55,760 --> 01:18:57,840
Speaker 19: no reason in God's green earth why you should be

1647
01:18:57,840 --> 01:19:01,479
Speaker 19: doing open roment right now, especially after a fifteen hour flight,

1648
01:19:01,560 --> 01:19:04,000
Speaker 19: and then you had to go to chill with math

1649
01:19:04,040 --> 01:19:06,719
Speaker 19: Hoff and the guys over there, and then you still

1650
01:19:06,760 --> 01:19:11,679
Speaker 19: had meetings and Zoom calls the merger. You know, market

1651
01:19:11,760 --> 01:19:16,320
Speaker 19: mondays you've missed something. It's called another big interview.

1652
01:19:16,680 --> 01:19:17,799
Speaker 2: Another big interview.

1653
01:19:17,840 --> 01:19:21,200
Speaker 19: Oh my god, I'll text your pitulator, please text me

1654
01:19:21,240 --> 01:19:21,599
Speaker 19: the pitch.

1655
01:19:21,760 --> 01:19:22,000
Speaker 5: See.

1656
01:19:22,000 --> 01:19:24,519
Speaker 19: I've been so busy. Shout out to Tuks. We've been

1657
01:19:24,520 --> 01:19:26,840
Speaker 19: in the studio, we've been in the lab just cooking up.

1658
01:19:27,240 --> 01:19:31,320
Speaker 19: Because work ethic don't stop over here at eyl University,

1659
01:19:31,720 --> 01:19:36,080
Speaker 19: you know, just because the everybody has to work. Everybody

1660
01:19:36,120 --> 01:19:38,600
Speaker 19: has to hold their position. There's no weak links in

1661
01:19:38,640 --> 01:19:41,960
Speaker 19: our crews. So we've all been working. But I'm super

1662
01:19:42,120 --> 01:19:44,639
Speaker 19: impressed with you guys. As always, I'm proud of both

1663
01:19:44,680 --> 01:19:47,000
Speaker 19: of you, man, and I can't wait to see you

1664
01:19:47,040 --> 01:19:49,960
Speaker 19: guys Friday. When you guys get honored is well deserved.

1665
01:19:49,960 --> 01:19:52,200
Speaker 19: So you don't even talk about how y'all getting your

1666
01:19:52,240 --> 01:19:57,240
Speaker 19: flowers and your hometown, the town Greenberg.

1667
01:19:56,800 --> 01:19:58,760
Speaker 2: Is honoring you guys. So I'm blowing this up. I

1668
01:19:58,800 --> 01:19:59,920
Speaker 2: don't care, right.

1669
01:20:00,080 --> 01:20:04,080
Speaker 19: Guys getting honored and you deserve your flowers because I've

1670
01:20:04,080 --> 01:20:06,479
Speaker 19: been around for this from day one and just to

1671
01:20:06,520 --> 01:20:10,880
Speaker 19: see the growth from two three iPhones on crooked stands

1672
01:20:11,360 --> 01:20:13,800
Speaker 19: and everything to Ward's blown up to right now. Man,

1673
01:20:14,200 --> 01:20:16,439
Speaker 19: I'm proud of you brothers, man. So you guys deserve

1674
01:20:16,479 --> 01:20:19,639
Speaker 19: your flowers. And everybody needs to throw some some gems

1675
01:20:19,640 --> 01:20:21,719
Speaker 19: in the comments for my brothers because they're out.

1676
01:20:21,520 --> 01:20:22,400
Speaker 2: Here working hard.

1677
01:20:22,439 --> 01:20:23,559
Speaker 8: This is not easy.

1678
01:20:23,880 --> 01:20:27,640
Speaker 19: There's sacrifices when it comes to this level of success

1679
01:20:28,280 --> 01:20:31,120
Speaker 19: and they're putting on for us, man, So shout out

1680
01:20:31,160 --> 01:20:31,960
Speaker 19: to y'all.

1681
01:20:31,640 --> 01:20:32,360
Speaker 2: Man for real.

1682
01:20:34,120 --> 01:20:38,200
Speaker 19: Appreciate that, brother, Yeah, real talk, man, that's that's real talk, man.

1683
01:20:38,200 --> 01:20:38,880
Speaker 2: That's from the heart.

1684
01:20:38,920 --> 01:20:39,040
Speaker 4: Man.

1685
01:20:39,080 --> 01:20:40,680
Speaker 2: Y y'all dudes are savages.

1686
01:20:40,800 --> 01:20:40,960
Speaker 10: Man.

1687
01:20:41,000 --> 01:20:41,439
Speaker 5: I love it.

1688
01:20:41,520 --> 01:20:45,439
Speaker 19: Let's go, let's go. But y'all y'all different, man, And

1689
01:20:45,520 --> 01:20:50,800
Speaker 19: for shot is the rism. He's been a riser from

1690
01:20:50,840 --> 01:20:55,360
Speaker 19: day one. This dude is a nut. Let's go Yo

1691
01:20:55,880 --> 01:20:59,719
Speaker 19: e y L University Times r p X, the biggest

1692
01:20:59,800 --> 01:21:02,880
Speaker 19: just got bigger. I can't contain myself. I've been waiting

1693
01:21:02,880 --> 01:21:04,840
Speaker 19: to talk about this for six months.

1694
01:21:06,200 --> 01:21:06,840
Speaker 4: Let's go.

1695
01:21:07,200 --> 01:21:10,920
Speaker 2: Let's go, man, Let's grow, Let's grow.

1696
01:21:12,200 --> 01:21:12,559
Speaker 5: Let's go.

1697
01:21:12,640 --> 01:21:16,559
Speaker 19: Shout out to Marcus, Shout out to her five hundred,

1698
01:21:16,880 --> 01:21:20,120
Speaker 19: Shout out to the whole RPX family. Let's go, man,

1699
01:21:20,120 --> 01:21:22,920
Speaker 19: Shout out to the earners. Where my earners at man,

1700
01:21:22,960 --> 01:21:24,879
Speaker 19: throw that graduation hat in the comments.

1701
01:21:24,880 --> 01:21:25,800
Speaker 2: Man, let's go.

1702
01:21:25,960 --> 01:21:26,200
Speaker 4: Man.

1703
01:21:27,000 --> 01:21:28,640
Speaker 19: I'm hi right now. That shouldn't have brought me on.

1704
01:21:29,200 --> 01:21:31,599
Speaker 19: I'm too hired. I can't contain myself right now.

1705
01:21:33,400 --> 01:21:35,720
Speaker 4: Oh Man, all right, we're gonna get into it.

1706
01:21:35,760 --> 01:21:39,920
Speaker 3: Before we start, text the word learn to four zero

1707
01:21:40,080 --> 01:21:45,320
Speaker 3: one two three eight seven four seven nine, or click

1708
01:21:45,360 --> 01:21:48,000
Speaker 3: the link in the description of this video the NTI

1709
01:21:48,120 --> 01:21:52,920
Speaker 3: information for updates on the release to the relaunch of

1710
01:21:52,960 --> 01:21:56,479
Speaker 3: Eyo University, which will include the regional chapters, the course

1711
01:21:56,600 --> 01:22:00,800
Speaker 3: nineteen courses, the live interactive classes. There's a whole vibe,

1712
01:22:00,800 --> 01:22:05,160
Speaker 3: there's a whole situation. But Matt, we're gonna end it

1713
01:22:05,200 --> 01:22:09,200
Speaker 3: with real estate. We talked about business branding, social media branding,

1714
01:22:09,280 --> 01:22:12,000
Speaker 3: we talked about business credit. And we're gonna end this

1715
01:22:12,520 --> 01:22:15,160
Speaker 3: with real estate, something that's extremely important and it's been

1716
01:22:15,200 --> 01:22:15,920
Speaker 3: a hot topic.

1717
01:22:17,240 --> 01:22:22,320
Speaker 4: All right, so let's start here. What is the forecast?

1718
01:22:22,360 --> 01:22:25,320
Speaker 3: What is your forecast for twenty twenty three when it

1719
01:22:25,360 --> 01:22:29,400
Speaker 3: comes to real estate, when it comes to interest rates,

1720
01:22:29,439 --> 01:22:33,080
Speaker 3: when it comes to home affordability, all of this stuff.

1721
01:22:34,160 --> 01:22:35,679
Speaker 2: All right, good question, Michad.

1722
01:22:36,960 --> 01:22:41,519
Speaker 19: I would say, I'm forecasting from appreciation standpoint. I think

1723
01:22:41,600 --> 01:22:44,720
Speaker 19: home values and I've said this before and I'm gonna

1724
01:22:44,720 --> 01:22:47,680
Speaker 19: say it again, home values will continue to appreciate in

1725
01:22:47,720 --> 01:22:51,760
Speaker 19: twenty twenty three. It will get back to modest appreciation,

1726
01:22:51,960 --> 01:22:55,519
Speaker 19: normal appreciation, I should say. I think, depending on where

1727
01:22:55,560 --> 01:22:58,840
Speaker 19: you are in the country, we should see home appreciation

1728
01:22:59,040 --> 01:23:04,120
Speaker 19: anywhere from two to seven percent on average nationwide, just

1729
01:23:04,120 --> 01:23:06,920
Speaker 19: depending on where you are. Now, I know a lot

1730
01:23:06,920 --> 01:23:08,840
Speaker 19: of people see a lot of fear mongrain type of

1731
01:23:08,880 --> 01:23:13,760
Speaker 19: headlines out there when you see home prices have declined

1732
01:23:13,960 --> 01:23:16,959
Speaker 19: or home sales have declined in the past nine months.

1733
01:23:17,240 --> 01:23:22,120
Speaker 19: I know you guys see price reductions, and I don't

1734
01:23:22,200 --> 01:23:24,160
Speaker 19: you have to really read between the lines when you

1735
01:23:24,280 --> 01:23:28,080
Speaker 19: when you're looking at all of that right. So right now,

1736
01:23:28,320 --> 01:23:31,640
Speaker 19: year over year November of twenty twenty one compared to

1737
01:23:31,720 --> 01:23:36,400
Speaker 19: November of this year, home prices have still appreciated seven

1738
01:23:36,439 --> 01:23:39,479
Speaker 19: and a half percent annually. Now, you're not going to

1739
01:23:39,520 --> 01:23:44,559
Speaker 19: see crazy twenty plus percent nationwide in almost every state

1740
01:23:44,760 --> 01:23:47,320
Speaker 19: like you did in twenty twenty one. Twenty twenty and

1741
01:23:47,320 --> 01:23:51,719
Speaker 19: twenty twenty one was just unicorn years. That's not normal, right.

1742
01:23:52,040 --> 01:23:54,880
Speaker 19: Miami right now is not normal. Miami is up twenty

1743
01:23:54,920 --> 01:23:58,840
Speaker 19: percent year over year. Still these that's not normal, right.

1744
01:23:59,560 --> 01:24:03,599
Speaker 19: But if you look at appreciation over the past sixty

1745
01:24:03,680 --> 01:24:07,360
Speaker 19: years in America, homes on average have appreciated four and

1746
01:24:07,360 --> 01:24:10,479
Speaker 19: a half percent annually, and we're getting back down to

1747
01:24:10,640 --> 01:24:14,240
Speaker 19: that normal rate of return on real estate, which is needed.

1748
01:24:14,720 --> 01:24:14,880
Speaker 5: Right.

1749
01:24:15,520 --> 01:24:20,400
Speaker 19: Affordability is going to be questioned still because of inflation.

1750
01:24:20,560 --> 01:24:25,760
Speaker 19: Although inflation dropped a couple percentage points, not a couple

1751
01:24:25,800 --> 01:24:27,800
Speaker 19: percentage points, but dropped a little, from like eight point

1752
01:24:27,880 --> 01:24:31,640
Speaker 19: two to seven point seven on the last CPR report.

1753
01:24:32,000 --> 01:24:35,960
Speaker 19: If that continues to go down, that's great news for

1754
01:24:36,120 --> 01:24:39,000
Speaker 19: interest rates because interest rates tend to follow like the

1755
01:24:39,040 --> 01:24:43,679
Speaker 19: inflation numbers, and also the Fed funds. If the Feds

1756
01:24:44,320 --> 01:24:47,760
Speaker 19: kind of slowed down on their raises, then you'll see

1757
01:24:47,880 --> 01:24:51,280
Speaker 19: interest rates start trickling back down. Now, when that CPR

1758
01:24:51,400 --> 01:24:54,200
Speaker 19: data was released about two weeks ago, I believe it

1759
01:24:54,360 --> 01:24:58,200
Speaker 19: was interest rates dropped from about seven and a quarter

1760
01:24:58,280 --> 01:25:01,800
Speaker 19: to six and a half percent. Right now, next month

1761
01:25:01,840 --> 01:25:04,800
Speaker 19: when this report comes out again, if if we start

1762
01:25:04,840 --> 01:25:08,880
Speaker 19: still seeing those inflation numbers go down, you're gonna start

1763
01:25:08,920 --> 01:25:12,200
Speaker 19: seeing mortgage rates kind of slowly but surely follow it.

1764
01:25:12,600 --> 01:25:16,000
Speaker 19: So it's really on this inflation report that's really going

1765
01:25:16,040 --> 01:25:19,160
Speaker 19: to determine where interest rates are going to go. I

1766
01:25:19,280 --> 01:25:21,680
Speaker 19: told you in you know, a couple months ago that

1767
01:25:21,760 --> 01:25:25,680
Speaker 19: I did foresee rates would be around seven percent by

1768
01:25:25,720 --> 01:25:27,360
Speaker 19: the end of the year. The end of the year

1769
01:25:27,479 --> 01:25:30,439
Speaker 19: is here where we a little bit under seven percent

1770
01:25:30,520 --> 01:25:35,080
Speaker 19: right now, right, but still it's not a terrible rate.

1771
01:25:35,680 --> 01:25:38,200
Speaker 19: It's higher than it was over the past two years,

1772
01:25:38,600 --> 01:25:41,040
Speaker 19: but historically it's not a terrible rate. When I brought

1773
01:25:41,040 --> 01:25:44,439
Speaker 19: my first property years ago, my rate was seven in

1774
01:25:44,479 --> 01:25:48,000
Speaker 19: the quarter, right, So it's not a bad interest rate

1775
01:25:48,680 --> 01:25:51,439
Speaker 19: per se, it's just higher. So where I see the

1776
01:25:51,439 --> 01:25:54,559
Speaker 19: market going, I still continue to see it appreciate and

1777
01:25:54,680 --> 01:25:58,559
Speaker 19: just at normal levels, I see that there's gonna be

1778
01:25:58,680 --> 01:26:02,439
Speaker 19: less inventory or new homes hitting the market, because if

1779
01:26:02,439 --> 01:26:06,280
Speaker 19: these rates stay higher, then why would home sellers want

1780
01:26:06,320 --> 01:26:08,599
Speaker 19: to sell their home? Like I read something the other

1781
01:26:08,680 --> 01:26:13,320
Speaker 19: day and it's said that eighty five percent of mortgages

1782
01:26:13,360 --> 01:26:16,519
Speaker 19: in America have an interest rate below four percent. Right now,

1783
01:26:17,240 --> 01:26:21,479
Speaker 19: there's over thirty trillion and equity still in homes, although

1784
01:26:21,520 --> 01:26:23,400
Speaker 19: that's down right a.

1785
01:26:23,360 --> 01:26:25,719
Speaker 2: Little bit, but it's still over thirty trillion.

1786
01:26:26,080 --> 01:26:28,800
Speaker 19: So homeowners are sitting on a lot of leverage with

1787
01:26:28,960 --> 01:26:31,840
Speaker 19: low interest rates and a lot of equity. So there's

1788
01:26:31,880 --> 01:26:34,640
Speaker 19: really no reason for a seller if they do not

1789
01:26:34,880 --> 01:26:38,080
Speaker 19: have to sell, why would they sell to put themselves

1790
01:26:38,120 --> 01:26:41,080
Speaker 19: in a position to be at a higher rate at

1791
01:26:41,080 --> 01:26:43,960
Speaker 19: a higher price. And if you go to rent, then

1792
01:26:43,960 --> 01:26:48,160
Speaker 19: you're still paying high rental prices because although rent prices

1793
01:26:48,240 --> 01:26:51,400
Speaker 19: have dropped a little bit, it's still high. It's still

1794
01:26:51,439 --> 01:26:56,360
Speaker 19: over two thousand dollars on average. So you're in a

1795
01:26:56,360 --> 01:27:00,360
Speaker 19: position right now. I think home buyers and investors as well.

1796
01:27:00,360 --> 01:27:02,680
Speaker 19: Home buyers I speak to are in the position is

1797
01:27:02,680 --> 01:27:04,880
Speaker 19: you damned if you do, you're damned if you don't. Right,

1798
01:27:04,960 --> 01:27:07,760
Speaker 19: it's either you're gonna rent, all you're gonna buy. Either

1799
01:27:07,840 --> 01:27:10,000
Speaker 19: all you're going to pay a higher price, and that's

1800
01:27:10,040 --> 01:27:12,519
Speaker 19: why you need to focus on really more streams of

1801
01:27:12,600 --> 01:27:16,479
Speaker 19: income and being able to create a better lifestyle for

1802
01:27:16,520 --> 01:27:20,719
Speaker 19: yourself because you can't control these markets, you can't control inflation,

1803
01:27:20,880 --> 01:27:23,920
Speaker 19: but you can control what you do on your daily basis,

1804
01:27:24,080 --> 01:27:27,320
Speaker 19: and that's bringing in more money, because that's the only

1805
01:27:27,360 --> 01:27:30,880
Speaker 19: way you really truly fight inflation is bringing in more

1806
01:27:30,920 --> 01:27:32,040
Speaker 19: money and investing.

1807
01:27:33,880 --> 01:27:36,000
Speaker 5: Yeah, So from an investment standpoint, in one of the

1808
01:27:36,080 --> 01:27:39,200
Speaker 5: articles I was reading earlier today, they said that the

1809
01:27:39,240 --> 01:27:43,040
Speaker 5: home purchases new home purchases from investors are down by

1810
01:27:43,120 --> 01:27:45,800
Speaker 5: thirty percent as the rates rise. As we start to see,

1811
01:27:45,880 --> 01:27:48,200
Speaker 5: like you said, rates hit maybe seven in a quarter,

1812
01:27:48,439 --> 01:27:51,920
Speaker 5: they've climbed down I think maybe six and three quarters.

1813
01:27:51,920 --> 01:27:55,360
Speaker 5: Now do you see that trend continuing as far as

1814
01:27:55,640 --> 01:27:57,559
Speaker 5: from an investment standpoint when we talk about real.

1815
01:27:57,479 --> 01:28:00,760
Speaker 19: Estate, absolutely, I think you're gonna have some investors that

1816
01:28:00,800 --> 01:28:02,479
Speaker 19: sit on the sideline. But that's going to be an

1817
01:28:02,479 --> 01:28:05,200
Speaker 19: investors who probably shouldn't have been in the business regardless.

1818
01:28:05,600 --> 01:28:06,840
Speaker 2: Right, you gotta look at it.

1819
01:28:06,920 --> 01:28:11,120
Speaker 19: Right, when money is cheap, everybody can do something because

1820
01:28:11,160 --> 01:28:13,080
Speaker 19: the money is so cheap, and there was a lot

1821
01:28:13,080 --> 01:28:15,680
Speaker 19: of money in the streets too. When you think about

1822
01:28:16,400 --> 01:28:19,040
Speaker 19: PPP loans, where you think about people didn't have to

1823
01:28:19,080 --> 01:28:22,040
Speaker 19: pay rent, when you think about all this stuff that

1824
01:28:22,080 --> 01:28:24,360
Speaker 19: put money out there. People didn't even have to go

1825
01:28:24,400 --> 01:28:25,800
Speaker 19: to work for crime out low and it still was

1826
01:28:25,800 --> 01:28:28,320
Speaker 19: getting paid. So there was a lot of money that

1827
01:28:28,400 --> 01:28:31,720
Speaker 19: was in the streets that enabled people to go out there.

1828
01:28:31,680 --> 01:28:33,320
Speaker 2: To invest at a high level.

1829
01:28:33,920 --> 01:28:36,320
Speaker 19: Now you have it where rates are hired, especially if

1830
01:28:36,320 --> 01:28:40,200
Speaker 19: you're buying investment properties those rates. If the homeowner rate

1831
01:28:40,680 --> 01:28:43,559
Speaker 19: for primary residence is in a six seven percent, then

1832
01:28:43,600 --> 01:28:47,320
Speaker 19: you're talking about eight to eleven percent if you're looking

1833
01:28:47,320 --> 01:28:50,559
Speaker 19: to buy a rental property. So that's going to hurt

1834
01:28:51,200 --> 01:28:54,920
Speaker 19: cash flowing numbers dependent on where you're looking to buy.

1835
01:28:55,520 --> 01:28:58,040
Speaker 19: So yeah, you're going to see a lot of investors

1836
01:28:58,120 --> 01:29:00,519
Speaker 19: kind of sit on the sidelines right now. Let's really

1837
01:29:00,560 --> 01:29:02,519
Speaker 19: look at what a lot of the big boys are

1838
01:29:02,560 --> 01:29:05,479
Speaker 19: still doing. Look at JP Morgan Chase for example, they

1839
01:29:05,560 --> 01:29:07,840
Speaker 19: just committed that they're gonna buy a billion dollars worth

1840
01:29:07,880 --> 01:29:12,400
Speaker 19: of single family rentals. Like investors are gonna invest regardless

1841
01:29:12,400 --> 01:29:14,400
Speaker 19: of whatever the market is. It's just depending on what

1842
01:29:14,520 --> 01:29:16,600
Speaker 19: game when you're playing. So there's going to be a

1843
01:29:16,600 --> 01:29:18,640
Speaker 19: lot of people that will sit on the sidelines. But

1844
01:29:18,680 --> 01:29:21,560
Speaker 19: I don't want any of our people to be deterred

1845
01:29:21,960 --> 01:29:24,880
Speaker 19: by the fact that you read these articles and stuff

1846
01:29:24,920 --> 01:29:27,639
Speaker 19: like that, like no go out there invest because when

1847
01:29:27,640 --> 01:29:30,600
Speaker 19: you see people like JP Morgan Chase, these big institutional

1848
01:29:30,600 --> 01:29:35,320
Speaker 19: investors still out here getting deals done, there's no reason

1849
01:29:35,360 --> 01:29:37,280
Speaker 19: why we shouldn't be out here trying to look for

1850
01:29:37,320 --> 01:29:39,680
Speaker 19: our deals too. But we just got to analyze them

1851
01:29:39,680 --> 01:29:42,400
Speaker 19: properly to make sure the casual cash returns are there.

1852
01:29:42,560 --> 01:29:46,040
Speaker 19: And also, Troy, before you go on overshot, you have

1853
01:29:46,120 --> 01:29:47,040
Speaker 19: to look at this rate.

1854
01:29:47,120 --> 01:29:47,880
Speaker 2: It's temporary.

1855
01:29:48,560 --> 01:29:50,679
Speaker 19: So if you get a property that's cash flow, let's

1856
01:29:50,680 --> 01:29:52,639
Speaker 19: just say you're making a nine percent cash on cash

1857
01:29:52,680 --> 01:29:56,479
Speaker 19: return at a ten percent interest rate, you have to

1858
01:29:56,479 --> 01:29:58,720
Speaker 19: look at your pro former and see what is this

1859
01:29:58,880 --> 01:30:00,680
Speaker 19: going to look like If I'm able to refinance in

1860
01:30:00,720 --> 01:30:03,839
Speaker 19: two years and those rates drop down to six percent

1861
01:30:04,560 --> 01:30:07,760
Speaker 19: five percent, what does my cash on cash return look

1862
01:30:07,840 --> 01:30:11,320
Speaker 19: like at that moment. So it's all on how It's

1863
01:30:11,360 --> 01:30:14,560
Speaker 19: all on your perspective and how you're really truly analyzing

1864
01:30:14,560 --> 01:30:16,360
Speaker 19: your deal's to determine if a deal is going to

1865
01:30:16,400 --> 01:30:16,960
Speaker 19: be a good one.

1866
01:30:16,920 --> 01:30:18,840
Speaker 5: Or bad one. Yeah, I think that's one of those

1867
01:30:18,840 --> 01:30:21,439
Speaker 5: things that people we don't look at right, Like, let's

1868
01:30:21,439 --> 01:30:23,240
Speaker 5: look at the long term perspective, especially if you're in

1869
01:30:23,240 --> 01:30:25,280
Speaker 5: a thirty year loan. If you get this interest right

1870
01:30:25,320 --> 01:30:28,439
Speaker 5: now at ten percent or eight percent in five years,

1871
01:30:28,439 --> 01:30:30,679
Speaker 5: if that goes down to five, like, you're actually gonna

1872
01:30:30,680 --> 01:30:33,360
Speaker 5: be saving on that refive that that has that long

1873
01:30:33,600 --> 01:30:35,920
Speaker 5: same thing when we talk about investing in the market,

1874
01:30:36,040 --> 01:30:39,160
Speaker 5: it's like, look, we're not thinking about two years, three years.

1875
01:30:39,200 --> 01:30:41,360
Speaker 5: You have a thirty year mortgage, Like, think about the

1876
01:30:41,400 --> 01:30:44,360
Speaker 5: long term payout on this thing one hundred percent.

1877
01:30:45,840 --> 01:30:49,439
Speaker 3: So let me ask you this, Okay, what advice do

1878
01:30:49,479 --> 01:30:53,040
Speaker 3: you have for first time home boys in this economic

1879
01:30:53,080 --> 01:30:57,559
Speaker 3: and clock environment programs tips?

1880
01:30:58,240 --> 01:31:00,479
Speaker 19: So my best advice is the same thing probably been

1881
01:31:00,520 --> 01:31:03,320
Speaker 19: saying from day one. Don't buy nothing you can't really afford.

1882
01:31:03,439 --> 01:31:07,080
Speaker 19: Don't be house rich and cash poor. The same rules apply, right,

1883
01:31:07,720 --> 01:31:09,880
Speaker 19: the math is still going to math. If you can't

1884
01:31:09,880 --> 01:31:12,360
Speaker 19: afford something, don't buy it. If you're going to buy something,

1885
01:31:12,400 --> 01:31:15,240
Speaker 19: make sure you have reserves because you never know what

1886
01:31:15,360 --> 01:31:17,880
Speaker 19: can happen in life. So my tip is always going

1887
01:31:17,920 --> 01:31:21,480
Speaker 19: to be say, don't try to go into these situations

1888
01:31:21,479 --> 01:31:23,599
Speaker 19: and buying real estate, especially if your first time home

1889
01:31:23,640 --> 01:31:29,120
Speaker 19: buyer and not have any money because nothing is promised.

1890
01:31:29,320 --> 01:31:34,040
Speaker 19: Your job is not promised. Right, But as far as tips,

1891
01:31:34,600 --> 01:31:37,439
Speaker 19: it's very simple. If you buying rental properties, do your

1892
01:31:37,439 --> 01:31:40,120
Speaker 19: best to put yourself in a position where you can

1893
01:31:40,280 --> 01:31:43,360
Speaker 19: have your apartments on programs. You know section eight. You

1894
01:31:43,400 --> 01:31:46,679
Speaker 19: have domestic violence programs. You have all types of different

1895
01:31:46,720 --> 01:31:49,719
Speaker 19: programs that are out there where the government will pay

1896
01:31:50,200 --> 01:31:53,439
Speaker 19: the rent for the tenant, where that's going to be

1897
01:31:53,479 --> 01:31:55,880
Speaker 19: guaranteed money. No matter if it's a recession, it's a

1898
01:31:55,880 --> 01:31:58,360
Speaker 19: bull market, a bear market, the government is always going

1899
01:31:58,439 --> 01:31:59,960
Speaker 19: to pay for these programs.

1900
01:32:00,080 --> 01:32:02,479
Speaker 2: So you have to look at that. You have to

1901
01:32:02,520 --> 01:32:03,880
Speaker 2: be creative right now.

1902
01:32:04,200 --> 01:32:07,400
Speaker 19: You know, with house hacking, I think at first time

1903
01:32:07,439 --> 01:32:09,960
Speaker 19: home buyer, if your goal is to become an investor,

1904
01:32:09,960 --> 01:32:12,400
Speaker 19: and if your goal is to be a landlord, you

1905
01:32:12,479 --> 01:32:15,880
Speaker 19: definitely have to look at house hacking. Right even if

1906
01:32:15,920 --> 01:32:18,080
Speaker 19: you have to buy a single family or do a

1907
01:32:18,120 --> 01:32:20,639
Speaker 19: single family home, there's ways to house hack that too.

1908
01:32:21,560 --> 01:32:24,760
Speaker 19: Buy property that you can possibly add adu or since

1909
01:32:24,800 --> 01:32:28,400
Speaker 19: we dwelling unit, or turn your basement into a content space.

1910
01:32:28,680 --> 01:32:31,200
Speaker 19: I mean, look at look, we have a content space

1911
01:32:31,280 --> 01:32:35,000
Speaker 19: right here, your headquarters is a content space, right, So

1912
01:32:35,040 --> 01:32:37,360
Speaker 19: there's a many different ways that you could go out

1913
01:32:37,400 --> 01:32:39,400
Speaker 19: here to bring in money to help.

1914
01:32:39,200 --> 01:32:41,960
Speaker 2: Supplement your mortgage.

1915
01:32:40,960 --> 01:32:43,479
Speaker 19: Payment if you are a first time home buyer, So

1916
01:32:43,520 --> 01:32:46,040
Speaker 19: you just got to be creative right now, especially in

1917
01:32:46,080 --> 01:32:49,320
Speaker 19: these high inflationary times. You can't just depend on one

1918
01:32:49,360 --> 01:32:51,880
Speaker 19: source of income, and especially if your first time home buyer,

1919
01:32:51,880 --> 01:32:54,880
Speaker 19: you got to remember that mortgage payment is due every month,

1920
01:32:54,920 --> 01:32:56,880
Speaker 19: so you have to be creative on ways to get

1921
01:32:56,880 --> 01:32:58,799
Speaker 19: that mortgage paid by any means necessary.

1922
01:33:00,040 --> 01:33:02,519
Speaker 5: Of the most profound things you said to us over

1923
01:33:02,640 --> 01:33:05,559
Speaker 5: three years ago is that equity is monopoly money, and

1924
01:33:05,640 --> 01:33:08,479
Speaker 5: people kind of didn't really understand it. Can you break

1925
01:33:08,479 --> 01:33:10,840
Speaker 5: it down for the new audience that that's here with

1926
01:33:10,960 --> 01:33:12,680
Speaker 5: us tonight about what you mean by that.

1927
01:33:13,560 --> 01:33:17,599
Speaker 19: So, equity is monopoly money, right, It's unrealized gains. It's

1928
01:33:17,720 --> 01:33:21,000
Speaker 19: just like when you're looking at your your trading accounts.

1929
01:33:21,040 --> 01:33:25,320
Speaker 19: You may be up, but it's unrealized. It's not really

1930
01:33:25,360 --> 01:33:28,920
Speaker 19: real money until you take it out, until you sell

1931
01:33:28,960 --> 01:33:31,680
Speaker 19: your trade, and then it's real money for you.

1932
01:33:31,760 --> 01:33:31,920
Speaker 5: Right.

1933
01:33:31,960 --> 01:33:34,519
Speaker 19: It's the same thing like equity. So if your home

1934
01:33:34,560 --> 01:33:38,800
Speaker 19: appreciated two hundred thousand, three hundred thousand, that doesn't mean

1935
01:33:38,960 --> 01:33:42,599
Speaker 19: that that money belongs to you. It's there, it gives

1936
01:33:42,640 --> 01:33:45,200
Speaker 19: you value, it's a part of your network now. But

1937
01:33:45,280 --> 01:33:47,280
Speaker 19: it's not like you can stick your debit card in

1938
01:33:47,360 --> 01:33:49,640
Speaker 19: the freaking doorbell and say give me some of my

1939
01:33:49,680 --> 01:33:51,280
Speaker 19: equity today, please, Right.

1940
01:33:51,479 --> 01:33:54,519
Speaker 2: You still have to apply for a loan and get

1941
01:33:54,560 --> 01:33:55,360
Speaker 2: approved for it.

1942
01:33:55,840 --> 01:33:56,040
Speaker 5: Right.

1943
01:33:56,360 --> 01:34:00,880
Speaker 19: So unless you tap into that equity via cash out

1944
01:34:00,920 --> 01:34:05,400
Speaker 19: refinance or home equity line of credit, then that money

1945
01:34:05,479 --> 01:34:08,880
Speaker 19: is dead money. So and if the market does crash,

1946
01:34:09,040 --> 01:34:11,880
Speaker 19: let's just say God forbid, the market does crash and

1947
01:34:11,960 --> 01:34:14,760
Speaker 19: you lose thirty forty percent of the equity. You know

1948
01:34:14,800 --> 01:34:17,639
Speaker 19: that two point fifty now went to probably one fifty.

1949
01:34:18,320 --> 01:34:21,240
Speaker 19: So what I try to tell people choice is, especially

1950
01:34:21,280 --> 01:34:24,240
Speaker 19: if you have money in your primary residence. First of all,

1951
01:34:24,800 --> 01:34:28,080
Speaker 19: my disclaimer as always is make sure you have a

1952
01:34:28,080 --> 01:34:28,800
Speaker 19: plan of action.

1953
01:34:28,920 --> 01:34:30,519
Speaker 2: Remember this is the church's money.

1954
01:34:30,800 --> 01:34:33,519
Speaker 19: So if you're taking money from a cash out refinance

1955
01:34:33,600 --> 01:34:35,960
Speaker 19: or a homemcking line of credit from your primary residence,

1956
01:34:36,200 --> 01:34:40,040
Speaker 19: remember you have an extra bill now it's another mortgage,

1957
01:34:40,600 --> 01:34:42,519
Speaker 19: so you have to have a plan of action to

1958
01:34:42,600 --> 01:34:45,280
Speaker 19: repay that. So don't take it and go to Dubai

1959
01:34:45,320 --> 01:34:47,200
Speaker 19: and try to go outter the top tallest building, like

1960
01:34:47,280 --> 01:34:51,120
Speaker 19: Rashad was taking videos and having closing deals. Right, because

1961
01:34:51,160 --> 01:34:53,840
Speaker 19: that money is not making you money being in Dubai.

1962
01:34:54,280 --> 01:34:58,320
Speaker 19: Use that money to invest, use that money to start

1963
01:34:58,360 --> 01:35:00,760
Speaker 19: your business something that can bring you you a r

1964
01:35:01,080 --> 01:35:04,599
Speaker 19: R immediately so that way you can pay it back.

1965
01:35:05,040 --> 01:35:08,599
Speaker 19: So unless you use that money, it's just monopoly money.

1966
01:35:08,640 --> 01:35:11,040
Speaker 19: It sounds good to have. Hey, I got two hundred equity,

1967
01:35:11,080 --> 01:35:12,640
Speaker 19: but it's not in your bank accounting.

1968
01:35:14,520 --> 01:35:15,839
Speaker 4: Yeah, Bergi of Khalifa.

1969
01:35:16,320 --> 01:35:18,240
Speaker 2: Yeah, it looked amazing.

1970
01:35:18,920 --> 01:35:20,559
Speaker 5: Yeah, a good place to visit.

1971
01:35:20,600 --> 01:35:23,440
Speaker 4: Man, one hundred and fifty fourth floors.

1972
01:35:23,160 --> 01:35:24,719
Speaker 5: Up for the world.

1973
01:35:24,720 --> 01:35:28,760
Speaker 2: Literally, yeah, literally top of the world. High level conversations. Yeah,

1974
01:35:28,800 --> 01:35:30,360
Speaker 2: set out the nineteen keys.

1975
01:35:31,160 --> 01:35:36,760
Speaker 3: Shout out tonight, shout out to nineteen keys. So let's

1976
01:35:36,800 --> 01:35:43,840
Speaker 3: talk about Okay, let's talk about this refinancing. Is this

1977
01:35:44,320 --> 01:35:47,520
Speaker 3: a time that people should be refinancing?

1978
01:35:50,920 --> 01:35:52,839
Speaker 2: Yes and no.

1979
01:35:52,840 --> 01:35:52,920
Speaker 5: No.

1980
01:35:53,040 --> 01:35:55,439
Speaker 19: I would say no and yes. If you have an

1981
01:35:55,439 --> 01:35:59,640
Speaker 19: interest rate and in the past two years you know,

1982
01:35:59,760 --> 01:36:02,040
Speaker 19: twos threes fours.

1983
01:36:02,880 --> 01:36:03,519
Speaker 2: Probably hell no.

1984
01:36:04,360 --> 01:36:07,320
Speaker 19: Right, If you have equity in your home and you

1985
01:36:07,360 --> 01:36:09,439
Speaker 19: want to tap into that, I would say get a

1986
01:36:09,479 --> 01:36:14,879
Speaker 19: line of credit versus refinancing. If you have an investment property.

1987
01:36:15,320 --> 01:36:17,320
Speaker 19: And this is for the investors. If you're in a

1988
01:36:17,360 --> 01:36:19,320
Speaker 19: hard money deal and you're trying to burrow, you have

1989
01:36:19,400 --> 01:36:22,880
Speaker 19: no choice but the refinance. If you're an investor and

1990
01:36:22,960 --> 01:36:24,479
Speaker 19: you have a bunch of equery in your home and

1991
01:36:24,520 --> 01:36:27,920
Speaker 19: you're trying to scale your portfolio, it might be it

1992
01:36:28,000 --> 01:36:31,479
Speaker 19: might make sense to refinance because and pull that cash

1993
01:36:31,520 --> 01:36:34,040
Speaker 19: out because you're not paying the bill, your tenants are

1994
01:36:34,320 --> 01:36:36,560
Speaker 19: and as long as you're still cash flowing, then it

1995
01:36:36,560 --> 01:36:38,960
Speaker 19: could make sense to you. And let me flip back

1996
01:36:39,000 --> 01:36:41,800
Speaker 19: to the homeowners. The homeowners out there who might want

1997
01:36:41,800 --> 01:36:44,559
Speaker 19: to refinance. If you have a lot of high interest

1998
01:36:45,040 --> 01:36:49,200
Speaker 19: credit cards, you know, maybe student loans, and you know

1999
01:36:49,240 --> 01:36:53,000
Speaker 19: you're suffocating yourself, don't hold on to that two three

2000
01:36:53,040 --> 01:36:56,920
Speaker 19: percent rate knowing that you have one hundred thousand dollars

2001
01:36:56,960 --> 01:36:59,439
Speaker 19: in credit card debt and if you got to look

2002
01:36:59,479 --> 01:37:01,080
Speaker 19: at the numbers US to see if you do a

2003
01:37:01,160 --> 01:37:06,560
Speaker 19: debt consolidation loan, doesn't make sense for you to refinance

2004
01:37:06,640 --> 01:37:09,280
Speaker 19: to pay off all that debt and have a cheaper

2005
01:37:09,320 --> 01:37:12,479
Speaker 19: payment overall. That would probably be the only way I

2006
01:37:12,479 --> 01:37:17,560
Speaker 19: would probably advise a primary residence or a homeowner to refinance.

2007
01:37:17,760 --> 01:37:20,000
Speaker 19: Only if they didn't have means to pay off all

2008
01:37:20,040 --> 01:37:24,240
Speaker 19: that high debt. But other than that, homeowners right now,

2009
01:37:24,280 --> 01:37:26,280
Speaker 19: I probably wouldn't refinance. I would do more of a

2010
01:37:26,280 --> 01:37:28,680
Speaker 19: home acking lint of credit and investors. Depending on your

2011
01:37:28,680 --> 01:37:30,880
Speaker 19: deal and what you got going on, it could be

2012
01:37:31,040 --> 01:37:33,240
Speaker 19: advantageous for you to look into doing a refinance.

2013
01:37:33,800 --> 01:37:35,800
Speaker 5: Yeah, I want to tie the whole night into it.

2014
01:37:35,880 --> 01:37:36,000
Speaker 16: Right.

2015
01:37:36,200 --> 01:37:40,200
Speaker 5: We started with building a brand with them, and obviously

2016
01:37:40,200 --> 01:37:42,840
Speaker 5: we're ending out with real estate. But you've built a

2017
01:37:42,960 --> 01:37:46,080
Speaker 5: brand in real estate, which is pretty difficult. Right when

2018
01:37:46,080 --> 01:37:49,160
Speaker 5: you walk around the country, we see it. People attracted

2019
01:37:49,200 --> 01:37:53,880
Speaker 5: to what you're doing. You've inspired them, You've changed their lives.

2020
01:37:53,920 --> 01:37:55,960
Speaker 5: Not an easy task, and every time I look at you,

2021
01:37:55,960 --> 01:37:58,080
Speaker 5: I feel like you're doing something new to try to

2022
01:37:58,120 --> 01:38:00,880
Speaker 5: expand the brand. Obviously, now you're sitting in the content

2023
01:38:00,920 --> 01:38:04,479
Speaker 5: study that you built. Talk about that in the real

2024
01:38:04,600 --> 01:38:07,759
Speaker 5: estate field, building a brand because we see people do it. Obviously,

2025
01:38:07,760 --> 01:38:10,280
Speaker 5: shout out to your partner and rant James Keanna, who's

2026
01:38:10,280 --> 01:38:12,280
Speaker 5: done an amazing job with it as well. Can you

2027
01:38:12,280 --> 01:38:14,479
Speaker 5: talk about the strategies that you use to build your brand?

2028
01:38:15,600 --> 01:38:18,080
Speaker 19: Ah Man, that's a great question, Troy. I'm glad you

2029
01:38:18,120 --> 01:38:23,000
Speaker 19: asked that one the Rizza Man, the Rizza twenty eighteen.

2030
01:38:23,200 --> 01:38:25,200
Speaker 19: I say, your Riza Man, how to how you got

2031
01:38:25,200 --> 01:38:27,720
Speaker 19: the shave room for financial literacy and your comments? And

2032
01:38:27,760 --> 01:38:30,880
Speaker 19: you got four thousand comments and you got nine thousand followers.

2033
01:38:31,280 --> 01:38:33,560
Speaker 19: And he said, Bro, you got to deepen your relationship

2034
01:38:33,600 --> 01:38:36,360
Speaker 19: with your audience. All the stuff that you talk about

2035
01:38:37,000 --> 01:38:38,840
Speaker 19: to your clients, you got to start bringing it to

2036
01:38:39,400 --> 01:38:41,840
Speaker 19: your social media. And I was like, what are you

2037
01:38:41,840 --> 01:38:43,400
Speaker 19: talking about? He said, well, are you talking to me?

2038
01:38:43,439 --> 01:38:46,200
Speaker 19: I'm a financial advisor. Why don't you start talking about

2039
01:38:46,400 --> 01:38:49,200
Speaker 19: financial planning because it goes hand in hand with home ownership.

2040
01:38:49,760 --> 01:38:52,680
Speaker 19: And that was the first time that I really understood

2041
01:38:52,720 --> 01:38:58,920
Speaker 19: social media thanks to your bestie Rashod and from that,

2042
01:39:01,520 --> 01:39:03,800
Speaker 19: from that moment, now I'm keeping in the buck. You

2043
01:39:03,920 --> 01:39:06,760
Speaker 19: taught how the brand built, right, So it was the

2044
01:39:06,800 --> 01:39:09,719
Speaker 19: power collaboration. It's something I've been doing in my entire career.

2045
01:39:09,840 --> 01:39:14,479
Speaker 19: So anybody who's a transaction professional. Our businesses were not built.

2046
01:39:14,479 --> 01:39:17,439
Speaker 19: We were not taught social media when we came into

2047
01:39:17,560 --> 01:39:20,000
Speaker 19: this game, right, especially me. I've been doing this for

2048
01:39:20,000 --> 01:39:21,960
Speaker 19: almost twenty years. And the new folks who are coming

2049
01:39:21,960 --> 01:39:24,800
Speaker 19: and they're not being taught social media. We're taught how

2050
01:39:24,840 --> 01:39:28,040
Speaker 19: to develop relationships, especially from a loan office a perspective

2051
01:39:28,400 --> 01:39:33,759
Speaker 19: with realtors, financial planners, CPAs insurance agents, and we build

2052
01:39:33,800 --> 01:39:36,559
Speaker 19: our book of business and we work our book of business.

2053
01:39:36,680 --> 01:39:36,880
Speaker 5: Right.

2054
01:39:37,000 --> 01:39:41,040
Speaker 19: My business model wasn't built for social media, but when

2055
01:39:41,080 --> 01:39:44,679
Speaker 19: I started bringing those conversations to my page and tying

2056
01:39:44,720 --> 01:39:48,400
Speaker 19: that in to home ownership, it kind of opened up

2057
01:39:48,439 --> 01:39:50,360
Speaker 19: the eyes. I was probably one of the first people

2058
01:39:50,439 --> 01:39:54,120
Speaker 19: in the mortgage space that was doing this at a

2059
01:39:54,160 --> 01:39:58,520
Speaker 19: small level at that time and which has continuously graduated

2060
01:39:58,600 --> 01:40:01,920
Speaker 19: into something big. So power collaboration will be the first

2061
01:40:01,920 --> 01:40:04,680
Speaker 19: step that I would tell anybody in my profession that

2062
01:40:04,720 --> 01:40:08,320
Speaker 19: they got to do. Number two always add value to people.

2063
01:40:08,640 --> 01:40:11,600
Speaker 19: The reason why I'm even probably a partner in eyl

2064
01:40:11,760 --> 01:40:14,759
Speaker 19: University in vestments and amongst other things that we do together,

2065
01:40:14,800 --> 01:40:17,320
Speaker 19: and why I'm probably here today is because I did

2066
01:40:17,320 --> 01:40:21,360
Speaker 19: my best to add value to Rashad's business without even

2067
01:40:21,680 --> 01:40:25,800
Speaker 19: asking him for anything. I did things without asking for nothing, right.

2068
01:40:25,880 --> 01:40:28,880
Speaker 19: It was just I generally want to see my people win.

2069
01:40:28,960 --> 01:40:31,680
Speaker 19: He was a financial planner when we met, and I

2070
01:40:31,720 --> 01:40:34,759
Speaker 19: wanted to send him business because I wanted my people

2071
01:40:34,800 --> 01:40:37,760
Speaker 19: to work with a black Man, and he seemed super.

2072
01:40:37,439 --> 01:40:38,200
Speaker 2: Knowledgeable to me.

2073
01:40:38,680 --> 01:40:41,680
Speaker 19: Right, So add value to people and don't have no

2074
01:40:41,840 --> 01:40:45,080
Speaker 19: expectations because if you add enough value to people, it

2075
01:40:45,120 --> 01:40:47,680
Speaker 19: would come back to you tenfold. See the problem in

2076
01:40:47,720 --> 01:40:50,880
Speaker 19: our business, especially from transaction professionals, we always got a

2077
01:40:50,920 --> 01:40:54,080
Speaker 19: freaking handout. We always want something to return, and you

2078
01:40:54,080 --> 01:40:57,519
Speaker 19: don't need to do that. Just add value and your

2079
01:40:57,560 --> 01:40:59,599
Speaker 19: blessings will come to you. So that would be number

2080
01:40:59,600 --> 01:41:03,720
Speaker 19: two things and number three consistency. You have to be

2081
01:41:03,800 --> 01:41:07,760
Speaker 19: consistent if you're gonna hit social media. Now one thing

2082
01:41:08,080 --> 01:41:10,479
Speaker 19: that I even had to learn. This is very difficult

2083
01:41:10,520 --> 01:41:12,559
Speaker 19: to do. This is not easy. It's none to forty

2084
01:41:12,560 --> 01:41:15,599
Speaker 19: at night. I've been filming all day, I've been working

2085
01:41:15,600 --> 01:41:18,360
Speaker 19: on loans, I've been talking to people all day long.

2086
01:41:18,400 --> 01:41:21,360
Speaker 19: But I still find the time every single day to

2087
01:41:21,479 --> 01:41:25,040
Speaker 19: do content, to put out content because I understand if

2088
01:41:25,120 --> 01:41:27,960
Speaker 19: I do not let my voice be heard, then the

2089
01:41:28,040 --> 01:41:31,200
Speaker 19: only thing that people will hear is the news and

2090
01:41:31,240 --> 01:41:33,519
Speaker 19: what their feelingmongering is. And I have a voice and

2091
01:41:33,560 --> 01:41:36,599
Speaker 19: I'm going to use it to my advantage. So I'm

2092
01:41:36,720 --> 01:41:39,719
Speaker 19: very consistent on what I do and I invest into

2093
01:41:39,800 --> 01:41:42,479
Speaker 19: my business like Tuks is here where we're right now.

2094
01:41:42,640 --> 01:41:44,720
Speaker 19: He's a part of the team. We built out a

2095
01:41:44,760 --> 01:41:48,360
Speaker 19: content studio. We invest tens of thousands of dollars in equipment,

2096
01:41:48,400 --> 01:41:51,400
Speaker 19: We travel everywhere to get more content.

2097
01:41:51,640 --> 01:41:51,800
Speaker 5: Right.

2098
01:41:52,160 --> 01:41:55,639
Speaker 2: We're very consistent about what we're doing, and we don't

2099
01:41:55,680 --> 01:41:58,400
Speaker 2: take no days off. This is the way.

2100
01:41:58,560 --> 01:42:02,240
Speaker 19: This has been the business model of EYL and I'm

2101
01:42:02,280 --> 01:42:06,000
Speaker 19: just following suit with the plan of action is Yo,

2102
01:42:06,160 --> 01:42:09,760
Speaker 19: we gotta outwork everybody. No one can put out more

2103
01:42:09,800 --> 01:42:12,000
Speaker 19: content than us, no one can give as much free

2104
01:42:12,000 --> 01:42:12,679
Speaker 19: game as us.

2105
01:42:13,280 --> 01:42:14,679
Speaker 2: We have to be the authority.

2106
01:42:14,760 --> 01:42:17,760
Speaker 19: Rash called me the authority in real estate two years ago,

2107
01:42:17,800 --> 01:42:19,200
Speaker 19: and I looked at it and I called him.

2108
01:42:19,240 --> 01:42:20,479
Speaker 2: I said, Yo, why are you calling me that?

2109
01:42:20,560 --> 01:42:20,720
Speaker 5: Bro?

2110
01:42:21,880 --> 01:42:24,880
Speaker 19: Like I really didn't understand where he was gone with this.

2111
01:42:24,960 --> 01:42:28,200
Speaker 19: But he's like, no, you're the authority, bro, And I'm

2112
01:42:28,200 --> 01:42:33,240
Speaker 19: like this, it's crazy. Right now, fast forward, I am

2113
01:42:33,280 --> 01:42:36,000
Speaker 19: the authority in real estate, period point blank.

2114
01:42:36,040 --> 01:42:37,880
Speaker 2: And it's nothing you could tell me otherwise.

2115
01:42:38,240 --> 01:42:41,800
Speaker 19: Because I believe it now and because I'm consistent and

2116
01:42:41,800 --> 01:42:45,400
Speaker 19: no one's gonna outwork me. So all my real estate professionals,

2117
01:42:45,640 --> 01:42:47,840
Speaker 19: you have to be hungry, you gotta really want this,

2118
01:42:48,120 --> 01:42:50,960
Speaker 19: and you you gotta go out here and just do

2119
01:42:52,320 --> 01:42:56,519
Speaker 19: massive in person imperfect actions every single day to achieve

2120
01:42:56,560 --> 01:42:57,400
Speaker 19: your goals.

2121
01:42:57,880 --> 01:42:59,240
Speaker 5: Massive perfect actions.

2122
01:42:59,439 --> 01:43:02,519
Speaker 3: Shot to my let let's get Let's get some questions

2123
01:43:02,560 --> 01:43:04,880
Speaker 3: if we can before before we round, people will.

2124
01:43:04,760 --> 01:43:08,599
Speaker 19: Have drop some gems in the common people. Let's go, man,

2125
01:43:08,840 --> 01:43:11,760
Speaker 19: this is E Y L power by Recession proof. Drop

2126
01:43:11,800 --> 01:43:14,400
Speaker 19: some gems in the comments. Man, y'all came here to learn.

2127
01:43:14,760 --> 01:43:17,720
Speaker 19: Let's go to gyms Rantom gems. It came on to

2128
01:43:17,880 --> 01:43:19,720
Speaker 19: the ems standing time today too.

2129
01:43:20,080 --> 01:43:21,040
Speaker 5: That's the fact. Live.

2130
01:43:21,560 --> 01:43:24,240
Speaker 19: Shout out to Welby. Shout out the Welby Live. We

2131
01:43:24,320 --> 01:43:26,760
Speaker 19: dropped mad gyms today too. Y'all better go watch that now.

2132
01:43:26,760 --> 01:43:28,920
Speaker 19: I ain't gonna hold y'all up. Welby is a savage.

2133
01:43:29,120 --> 01:43:31,439
Speaker 19: Y'all better go watch that episode after I get out

2134
01:43:31,479 --> 01:43:34,880
Speaker 19: for this, go watch the last post Rantom Gyms six

2135
01:43:34,960 --> 01:43:37,560
Speaker 19: pm Eastern stand time. It was phenomenal. Shout out the

2136
01:43:37,600 --> 01:43:38,920
Speaker 19: at my best one nine seven.

2137
01:43:39,040 --> 01:43:41,280
Speaker 5: All right, Well, listen, what's going on? You got MG

2138
01:43:41,400 --> 01:43:42,439
Speaker 5: on a lot with us.

2139
01:43:43,040 --> 01:43:44,360
Speaker 6: Hey, y'all, how are y'all?

2140
01:43:44,760 --> 01:43:45,200
Speaker 2: What's up?

2141
01:43:46,800 --> 01:43:47,839
Speaker 8: I am great?

2142
01:43:48,040 --> 01:43:52,160
Speaker 13: I actually met you so long ago when you hosted

2143
01:43:52,320 --> 01:43:55,760
Speaker 13: an event with the knees the broker. I was at

2144
01:43:55,760 --> 01:43:57,360
Speaker 13: the brokerge at the time and I met you.

2145
01:43:57,880 --> 01:44:03,639
Speaker 19: That was like that was it's like three years ago. Wow'

2146
01:44:05,400 --> 01:44:06,160
Speaker 19: yeah they won't.

2147
01:44:06,600 --> 01:44:07,120
Speaker 2: I love it?

2148
01:44:08,520 --> 01:44:09,240
Speaker 6: Oh man.

2149
01:44:09,960 --> 01:44:14,559
Speaker 13: I actually have a quick question. So last year I

2150
01:44:14,720 --> 01:44:19,479
Speaker 13: purchased my childhood home in Florida. We have roughly about

2151
01:44:19,479 --> 01:44:20,840
Speaker 13: two hundred and fifty.

2152
01:44:20,640 --> 01:44:23,679
Speaker 7: Thousand dollars in equity and I.

2153
01:44:23,640 --> 01:44:25,840
Speaker 13: Want to pull it out because the game plan that

2154
01:44:25,920 --> 01:44:31,000
Speaker 13: I have is to purchase an apartment complex. But I

2155
01:44:31,160 --> 01:44:35,040
Speaker 13: don't know if I should pull out a helock or

2156
01:44:35,160 --> 01:44:37,960
Speaker 13: a line of equity. So I'm not sure which direction

2157
01:44:38,240 --> 01:44:41,160
Speaker 13: go in with that, and so I kind of wanted

2158
01:44:41,320 --> 01:44:42,679
Speaker 13: to hear what you may think.

2159
01:44:44,240 --> 01:44:48,360
Speaker 19: So, so it's a helock home equit line of credit

2160
01:44:48,600 --> 01:44:51,080
Speaker 19: and then you have a he loan, which is an

2161
01:44:51,280 --> 01:44:54,439
Speaker 19: equity loan. Right, So there's two options you can do.

2162
01:44:54,560 --> 01:44:58,200
Speaker 19: Both of them are considered like second mortgages, right. A

2163
01:44:58,240 --> 01:45:00,840
Speaker 19: home equi line of credit it kind of acts like

2164
01:45:00,880 --> 01:45:03,719
Speaker 19: a credit card where you have a ten year draw

2165
01:45:03,840 --> 01:45:06,760
Speaker 19: period where you can use the money paid off, use

2166
01:45:06,800 --> 01:45:09,120
Speaker 19: the money paid off, use the money paid off right,

2167
01:45:09,160 --> 01:45:11,280
Speaker 19: and then after ten years it could turn into a

2168
01:45:11,320 --> 01:45:14,080
Speaker 19: twenty year fix. Some banks may turn it into a

2169
01:45:14,200 --> 01:45:16,759
Speaker 19: ten year fix, just depending on the bank and their terms.

2170
01:45:17,080 --> 01:45:20,679
Speaker 19: And so that's heat a HE lock, right, and you're

2171
01:45:20,720 --> 01:45:22,880
Speaker 19: only paying money that you use. So if you borrow

2172
01:45:23,000 --> 01:45:25,120
Speaker 19: let's just say one hundred k out of that two

2173
01:45:25,120 --> 01:45:28,280
Speaker 19: point fifty, if you don't use the one hundred k,

2174
01:45:28,400 --> 01:45:31,559
Speaker 19: you don't make a payment. If you use twenty five thousand,

2175
01:45:31,680 --> 01:45:33,920
Speaker 19: you make a payment on that twenty five thousand and not.

2176
01:45:34,000 --> 01:45:38,080
Speaker 19: The difference now a HEAT loan is they're basically giving

2177
01:45:38,120 --> 01:45:40,839
Speaker 19: you that one hundred thousand dollars the day of closing

2178
01:45:40,880 --> 01:45:44,840
Speaker 19: or three days after closing via wire check, whatever, and

2179
01:45:44,880 --> 01:45:48,479
Speaker 19: you're making a payment the next month, even if you

2180
01:45:48,479 --> 01:45:54,120
Speaker 19: didn't deploy that capital into a project, and that it's

2181
01:45:54,160 --> 01:45:56,800
Speaker 19: going to be a fixed rate mortgage and it will

2182
01:45:56,880 --> 01:45:59,439
Speaker 19: be probably for a twenty or thirty year term, but

2183
01:45:59,600 --> 01:46:01,719
Speaker 19: right now those rates are probably going to be nine

2184
01:46:01,800 --> 01:46:05,520
Speaker 19: to eleven percent, just depending. But so for me personally,

2185
01:46:05,720 --> 01:46:09,840
Speaker 19: I necessarily don't like the HE loans because again, if

2186
01:46:09,880 --> 01:46:11,920
Speaker 19: I get one hundred k from it, I have to

2187
01:46:11,920 --> 01:46:14,439
Speaker 19: make payments right away and I might still be shopping

2188
01:46:14,479 --> 01:46:17,400
Speaker 19: for deals and I still got to make this monthly payment,

2189
01:46:17,479 --> 01:46:20,639
Speaker 19: whereas with a HE lock. I have more flexibility with

2190
01:46:20,680 --> 01:46:24,000
Speaker 19: it now once you have that one hundred k, even

2191
01:46:24,040 --> 01:46:26,400
Speaker 19: if you spend it all, once you start paying down

2192
01:46:26,439 --> 01:46:29,719
Speaker 19: that principle, it's not like you can access that funds again.

2193
01:46:30,040 --> 01:46:32,720
Speaker 19: With a he loan, you're just paying it back. But

2194
01:46:32,760 --> 01:46:34,559
Speaker 19: with the he lock, over that first ten years, you

2195
01:46:34,560 --> 01:46:36,160
Speaker 19: can kind of move and shake the way you want.

2196
01:46:36,479 --> 01:46:41,200
Speaker 19: So I would recommend he lock, but my disclaimer as

2197
01:46:41,240 --> 01:46:44,240
Speaker 19: always have a plan to make sure you pay back

2198
01:46:44,280 --> 01:46:45,880
Speaker 19: that debt because you don't want to mess up the

2199
01:46:45,960 --> 01:46:46,639
Speaker 19: church's money.

2200
01:46:48,400 --> 01:46:50,479
Speaker 6: Thank you so much, thank you, Cole.

2201
01:46:51,280 --> 01:46:56,280
Speaker 2: So happy holidays, Happy holidays.

2202
01:46:56,560 --> 01:46:58,680
Speaker 4: What's the different between the he loan and a refile.

2203
01:46:59,439 --> 01:47:05,479
Speaker 19: So refinance is when you are using you're refinancing your

2204
01:47:05,479 --> 01:47:09,280
Speaker 19: first mortgage, right, So if your first mortgage has a

2205
01:47:09,360 --> 01:47:12,519
Speaker 19: rate of three percent and you want to do a

2206
01:47:12,560 --> 01:47:17,679
Speaker 19: cash out refinance, then you're subject to whatever the market

2207
01:47:17,800 --> 01:47:22,960
Speaker 19: rate is today for that cash out refinance, and you'll

2208
01:47:23,040 --> 01:47:25,280
Speaker 19: have one mortgage. So let's just say you owe three

2209
01:47:25,360 --> 01:47:27,760
Speaker 19: hundred thousand rashard and you want to take out two

2210
01:47:27,880 --> 01:47:30,840
Speaker 19: hundred thousand on the cash out refinance. Now you're going

2211
01:47:30,920 --> 01:47:33,400
Speaker 19: to owe five hundred thousand, but it will be at

2212
01:47:33,439 --> 01:47:36,599
Speaker 19: that much higher interest rate where today's market is. So

2213
01:47:36,720 --> 01:47:39,479
Speaker 19: that's why for me, I would recommend, if you have

2214
01:47:39,560 --> 01:47:42,360
Speaker 19: that amount of equity and you can qualify, I would

2215
01:47:42,360 --> 01:47:45,519
Speaker 19: prefer you to leave that first mortgage loan so you

2216
01:47:45,520 --> 01:47:48,040
Speaker 19: can keep that three percent rate and you get the

2217
01:47:48,120 --> 01:47:51,839
Speaker 19: helock in second position or second lean on the property,

2218
01:47:52,320 --> 01:47:55,599
Speaker 19: and you're able to have that flexibility with that capital

2219
01:47:55,960 --> 01:47:57,320
Speaker 19: to use it as you can.

2220
01:47:57,520 --> 01:47:57,760
Speaker 2: Now.

2221
01:47:57,800 --> 01:48:01,120
Speaker 19: I want to say this too with helock. Those of

2222
01:48:01,120 --> 01:48:04,720
Speaker 19: you who have helocks that are open right now, be

2223
01:48:04,960 --> 01:48:09,000
Speaker 19: very mindful of this. That money is not yours unless

2224
01:48:09,000 --> 01:48:12,920
Speaker 19: you deploy it. So if you have a two hundred

2225
01:48:12,960 --> 01:48:16,320
Speaker 19: thousand dollars helock right now, and let's just say you

2226
01:48:16,520 --> 01:48:20,439
Speaker 19: only use fifty thousand of that helock, so you have

2227
01:48:20,520 --> 01:48:24,320
Speaker 19: availability of one hundred and fifty thousand left, at any

2228
01:48:24,400 --> 01:48:28,120
Speaker 19: given moment, the bank can close your line of credit

2229
01:48:29,160 --> 01:48:34,439
Speaker 19: with no warning. So if the economic downturn continues to happen,

2230
01:48:34,800 --> 01:48:39,840
Speaker 19: if we slide into this recession, if inflation continues to rise,

2231
01:48:39,880 --> 01:48:43,160
Speaker 19: if it goes back up, if home prices keep declining,

2232
01:48:43,479 --> 01:48:47,760
Speaker 19: if home values slip and decline further, the banks at

2233
01:48:47,800 --> 01:48:50,519
Speaker 19: any given time can say, you know what, there's too

2234
01:48:50,640 --> 01:48:55,880
Speaker 19: much risk to have this much equity just out there.

2235
01:48:56,200 --> 01:48:59,400
Speaker 19: Let us cut this off so that way people don't

2236
01:48:59,439 --> 01:49:00,920
Speaker 19: go upside down and they.

2237
01:49:00,880 --> 01:49:03,719
Speaker 2: Risk their investment of being paid back.

2238
01:49:04,040 --> 01:49:06,960
Speaker 19: So I need you, guys, if you have current home

2239
01:49:07,000 --> 01:49:10,400
Speaker 19: equi line of credits, be mindful that because you'll wake

2240
01:49:10,479 --> 01:49:13,120
Speaker 19: up one morning thinking you got one hundred and fifty

2241
01:49:13,160 --> 01:49:15,840
Speaker 19: k or whatever it is to play with, and that

2242
01:49:15,920 --> 01:49:19,960
Speaker 19: thing will be gone. Be mindful even with your credit cards.

2243
01:49:20,600 --> 01:49:22,919
Speaker 19: Even with your credit cards, they'll do that on AMEX

2244
01:49:22,920 --> 01:49:25,280
Speaker 19: and the heartbeat that you think you got a hundred

2245
01:49:25,280 --> 01:49:28,800
Speaker 19: thousand limit and you got fifty thousand now, So just

2246
01:49:28,840 --> 01:49:29,479
Speaker 19: be mindful of that.

2247
01:49:29,560 --> 01:49:29,840
Speaker 4: People.

2248
01:49:33,200 --> 01:49:35,120
Speaker 5: Yeah, Dante Walker, we coming to you and meet yourself.

2249
01:49:35,120 --> 01:49:41,599
Speaker 5: You've been muted. What's going on well?

2250
01:49:42,000 --> 01:49:46,640
Speaker 19: Guidelines god Lines line Godelines, guidelines guidelines.

2251
01:49:48,920 --> 01:49:52,479
Speaker 5: Yeah. Yeah, let's we're gonna go to de Devin. We're

2252
01:49:52,479 --> 01:49:55,080
Speaker 5: coming to you. Mute yourself. You've been on you. What's

2253
01:49:55,080 --> 01:49:59,840
Speaker 5: going on? Devon? It's Thanksgiving these Yeah, thank you man,

2254
01:50:00,720 --> 01:50:01,439
Speaker 5: Thank you guys.

2255
01:50:02,479 --> 01:50:08,280
Speaker 16: The question was mean. So my question was I have

2256
01:50:08,320 --> 01:50:11,160
Speaker 16: a two question. So the first one is what are

2257
01:50:11,200 --> 01:50:17,960
Speaker 16: some of the best bumps to to get elock from.

2258
01:50:16,960 --> 01:50:18,280
Speaker 4: The best bank to get the heck.

2259
01:50:18,320 --> 01:50:22,200
Speaker 19: From that, I would say, always try your local credit

2260
01:50:22,280 --> 01:50:26,040
Speaker 19: union and always try to like the local regional banks

2261
01:50:26,080 --> 01:50:30,040
Speaker 19: first for your home Aqulanta Credits because your credit union

2262
01:50:30,240 --> 01:50:35,080
Speaker 19: and your local regional bank wants the local business right

2263
01:50:35,200 --> 01:50:37,479
Speaker 19: and they want that relationship. They want you to bring

2264
01:50:37,520 --> 01:50:41,360
Speaker 19: over accounts and other accounts, so they will probably be

2265
01:50:41,439 --> 01:50:43,559
Speaker 19: the first stops that I would go to if I

2266
01:50:43,600 --> 01:50:46,519
Speaker 19: was looking for home Agreelanta credit would be a local

2267
01:50:46,560 --> 01:50:48,559
Speaker 19: credit union or local regional bank.

2268
01:50:49,680 --> 01:50:57,280
Speaker 16: Okay, thank you. The second question is seller, my owner finance.

2269
01:50:57,400 --> 01:51:01,599
Speaker 16: I sell piece of property. It's a lone and you're

2270
01:51:01,600 --> 01:51:04,920
Speaker 16: doing that on a fine that I want to top

2271
01:51:05,000 --> 01:51:08,559
Speaker 16: into that because I got my equipments, I do trucking

2272
01:51:08,680 --> 01:51:11,599
Speaker 16: and I need somewhere to park. How do I approach

2273
01:51:11,600 --> 01:51:12,439
Speaker 16: something like that?

2274
01:51:14,920 --> 01:51:20,080
Speaker 19: The seller makes the terms, so the seller finance, and

2275
01:51:20,160 --> 01:51:21,840
Speaker 19: just for those of you who'll know, is basically when

2276
01:51:21,840 --> 01:51:24,759
Speaker 19: the seller is agreeing to basically give you a private

2277
01:51:24,800 --> 01:51:30,080
Speaker 19: mortgage and hold that note, and they would dictate the terms. Now,

2278
01:51:30,120 --> 01:51:32,680
Speaker 19: obviously you're dealing directly with the seller, so you have

2279
01:51:32,880 --> 01:51:36,080
Speaker 19: room to negotiate with them. So they might say, all right,

2280
01:51:36,120 --> 01:51:39,559
Speaker 19: I'll give you this alone if you're able to put

2281
01:51:39,600 --> 01:51:43,760
Speaker 19: twenty percent down and you will be able. I'll give

2282
01:51:43,800 --> 01:51:47,760
Speaker 19: you a loan for ten years at market rate of

2283
01:51:47,840 --> 01:51:52,080
Speaker 19: seven percent interest only, but after ten years it's a

2284
01:51:52,080 --> 01:51:54,759
Speaker 19: balloon payment and you have to pay me back something

2285
01:51:54,800 --> 01:51:55,000
Speaker 19: like that.

2286
01:51:55,120 --> 01:51:55,200
Speaker 9: Right.

2287
01:51:55,240 --> 01:51:57,240
Speaker 2: I'm just giving you, guys an example of what it

2288
01:51:57,280 --> 01:52:00,840
Speaker 2: would look like. But you have the bill to.

2289
01:52:00,960 --> 01:52:03,880
Speaker 19: Negotiate with them if they're trying, if they are flexible,

2290
01:52:03,920 --> 01:52:07,880
Speaker 19: and if they really want to, you know, get rid

2291
01:52:07,880 --> 01:52:10,680
Speaker 19: of that property. So I think seller financing is a

2292
01:52:10,680 --> 01:52:13,360
Speaker 19: great tool. But any any way you can finance a

2293
01:52:13,400 --> 01:52:16,240
Speaker 19: real estate deal is a great option. It's a great tool.

2294
01:52:16,360 --> 01:52:19,640
Speaker 19: So if you have an opportunity like that, Devin, I

2295
01:52:19,640 --> 01:52:24,040
Speaker 19: would highly recommend that you continue to explore that opportunity.

2296
01:52:24,960 --> 01:52:27,200
Speaker 16: All right, thank you, Thank you guys, Thank you very much.

2297
01:52:27,760 --> 01:52:31,040
Speaker 5: No problem, brother, Thanks DEVI M how you feel we

2298
01:52:31,080 --> 01:52:32,960
Speaker 5: take one more? Yeah?

2299
01:52:33,000 --> 01:52:36,920
Speaker 2: Yeah, keep going bro outside.

2300
01:52:36,120 --> 01:52:38,120
Speaker 5: I let's do this. George Murray were coming to me?

2301
01:52:38,600 --> 01:52:44,400
Speaker 5: You unmute yourself, you've been unmuted? Yes, thank you? Hello Howard, y'all.

2302
01:52:44,200 --> 01:52:47,080
Speaker 2: Doing alive and blessed? Alive and blessed.

2303
01:52:47,800 --> 01:52:52,000
Speaker 9: Okay, so you entered the game with your real estate

2304
01:52:52,080 --> 01:52:54,360
Speaker 9: license or you did all of this without your real

2305
01:52:54,479 --> 01:52:56,920
Speaker 9: estate license because I heard you say that you were

2306
01:52:57,000 --> 01:52:58,000
Speaker 9: working on loans.

2307
01:52:58,560 --> 01:53:01,160
Speaker 19: Nah into the game as as a mortgage guy. I

2308
01:53:01,320 --> 01:53:04,799
Speaker 19: entered this game as a loan officer, and I actually

2309
01:53:04,800 --> 01:53:07,719
Speaker 19: had my real estate license too. It's still I still

2310
01:53:07,720 --> 01:53:10,040
Speaker 19: have it. I just got to reactivate it. But I

2311
01:53:10,200 --> 01:53:14,639
Speaker 19: primarily focus on mortgage originations. I help people get funding

2312
01:53:14,720 --> 01:53:16,920
Speaker 19: for deals. For the past twenty years, over a billion

2313
01:53:16,960 --> 01:53:18,280
Speaker 19: dollars funded in my career.

2314
01:53:18,560 --> 01:53:20,559
Speaker 2: I am MG the mortgage guy. George.

2315
01:53:21,240 --> 01:53:23,960
Speaker 9: Okay, So, so so you reach out to Florida as

2316
01:53:24,000 --> 01:53:26,320
Speaker 9: well or just yes, sir.

2317
01:53:26,600 --> 01:53:27,800
Speaker 2: I do all types of loans.

2318
01:53:27,840 --> 01:53:31,240
Speaker 19: I work with first time home buyers investors, no matter

2319
01:53:31,280 --> 01:53:33,720
Speaker 19: if your first time investor to savvy investors. I work

2320
01:53:33,720 --> 01:53:37,120
Speaker 19: on commercial deals. I can do rehab financing, I can

2321
01:53:37,160 --> 01:53:41,600
Speaker 19: do development financing. Whatever you want. I'm like Baskin Robbins George.

2322
01:53:42,160 --> 01:53:43,559
Speaker 5: Okay, So what else you need?

2323
01:53:44,720 --> 01:53:45,479
Speaker 8: So where do I go to?

2324
01:53:45,520 --> 01:53:47,599
Speaker 5: Your page? Do I go to?

2325
01:53:47,360 --> 01:53:48,360
Speaker 6: You have to do?

2326
01:53:48,560 --> 01:53:50,519
Speaker 2: If you want to work with me, apply with MG

2327
01:53:50,640 --> 01:53:54,120
Speaker 2: dot com. That's it. Apply with MG dot com.

2328
01:53:54,240 --> 01:53:55,800
Speaker 19: If you want to get pre approved, you want a

2329
01:53:55,840 --> 01:53:57,880
Speaker 19: second opinion on the current deal, or if you want

2330
01:53:57,880 --> 01:54:00,320
Speaker 19: to book a consultation with me on my team apply

2331
01:54:00,400 --> 01:54:01,880
Speaker 19: with MG dot com.

2332
01:54:02,240 --> 01:54:05,360
Speaker 5: Okay, gotcha. I appreciate that. Thanks for the blessing.

2333
01:54:06,080 --> 01:54:08,759
Speaker 2: Continue blessings, my brother, Yes, blessing.

2334
01:54:09,000 --> 01:54:11,759
Speaker 5: It's a blessing to be a blessing. All right, Dante Walker,

2335
01:54:11,800 --> 01:54:14,759
Speaker 5: you ready, man, you're coming back to you mutter stuff

2336
01:54:14,800 --> 01:54:15,160
Speaker 5: you've been on.

2337
01:54:15,200 --> 01:54:15,280
Speaker 18: You.

2338
01:54:15,360 --> 01:54:17,960
Speaker 5: Appreciate you, George Happy, holladays you and the fam you

2339
01:54:18,000 --> 01:54:18,400
Speaker 5: as well.

2340
01:54:19,240 --> 01:54:25,840
Speaker 2: Yep, yeah, I missed this. I haven't done this in

2341
01:54:25,880 --> 01:54:26,160
Speaker 2: a while.

2342
01:54:27,360 --> 01:54:29,080
Speaker 5: Dante, You've been unmuted, man, what's up?

2343
01:54:34,360 --> 01:54:37,560
Speaker 19: You get the second change, so we might have to

2344
01:54:37,560 --> 01:54:40,360
Speaker 19: clip that last one.

2345
01:54:40,840 --> 01:54:48,839
Speaker 2: That last that last exchange. I kind of like that one's.

2346
01:54:46,200 --> 01:54:50,000
Speaker 5: Gonna get your next post. Joseph, Joseph Wells Jr. We're

2347
01:54:50,040 --> 01:54:53,160
Speaker 5: coming to you. Mute yourself. You've been unmuted. What's going on?

2348
01:54:58,520 --> 01:55:09,160
Speaker 2: Guidelines, go lies, that's what's going on. Guidelines And he's.

2349
01:55:11,240 --> 01:55:12,280
Speaker 4: Well, let's talk about this.

2350
01:55:12,840 --> 01:55:16,480
Speaker 3: So part of Eyo University is MG the Mortgage Guys

2351
01:55:16,480 --> 01:55:20,720
Speaker 3: home Boys Blueprint Vyume one and volume two, and can

2352
01:55:20,760 --> 01:55:24,080
Speaker 3: you just talk about what's encompassed in the Homeboys Blueprint.

2353
01:55:23,760 --> 01:55:24,640
Speaker 4: Volume one two?

2354
01:55:25,320 --> 01:55:29,280
Speaker 19: So the home Buyers Blueprint series is the Encyclopedia for

2355
01:55:29,400 --> 01:55:31,600
Speaker 19: Home Buyers and Investors.

2356
01:55:31,880 --> 01:55:33,720
Speaker 4: The home boys get what which? What you get?

2357
01:55:33,720 --> 01:55:34,160
Speaker 5: What'd you get?

2358
01:55:34,160 --> 01:55:35,720
Speaker 4: The Encyclopedia word.

2359
01:55:35,480 --> 01:55:39,640
Speaker 19: From from from Rashad. What shap allows us is the

2360
01:55:39,720 --> 01:55:42,520
Speaker 19: resul y'all. I don't have no shame in telling y'all

2361
01:55:42,560 --> 01:55:45,720
Speaker 19: this too. I have no no ego with this.

2362
01:55:46,760 --> 01:55:46,880
Speaker 7: YO.

2363
01:55:47,040 --> 01:55:48,960
Speaker 19: When he the first time he said that ship too,

2364
01:55:49,000 --> 01:55:51,640
Speaker 19: I said, oh my god, the Encyclopedia.

2365
01:55:53,640 --> 01:55:55,160
Speaker 2: I said, I'm gonna run that joint.

2366
01:55:58,400 --> 01:56:01,480
Speaker 19: Yeah, y'all watching that's in real time, y'all, this is live,

2367
01:56:04,880 --> 01:56:07,800
Speaker 19: but now it really is this but it really is though.

2368
01:56:07,880 --> 01:56:09,240
Speaker 2: Encyclopedia for Home Buying.

2369
01:56:09,280 --> 01:56:13,240
Speaker 19: The Homebuys Blueprint Volume one is fifteen plus hours of

2370
01:56:13,320 --> 01:56:17,560
Speaker 19: content assessments. I mean you get the so any first

2371
01:56:17,560 --> 01:56:21,440
Speaker 19: time home buyer new rail to like, yo, you can

2372
01:56:21,480 --> 01:56:24,160
Speaker 19: go through that thing and kind of no, you can

2373
01:56:24,200 --> 01:56:25,160
Speaker 19: get your deal closed.

2374
01:56:25,840 --> 01:56:26,120
Speaker 5: Period.

2375
01:56:26,920 --> 01:56:29,640
Speaker 19: It's helped thousands of people close on real estate and

2376
01:56:29,680 --> 01:56:33,440
Speaker 19: one of the and I'll be honest, I don't even promote.

2377
01:56:33,080 --> 01:56:34,040
Speaker 2: All the success of this.

2378
01:56:34,440 --> 01:56:36,440
Speaker 19: And I got to get better at that because there's

2379
01:56:36,480 --> 01:56:38,520
Speaker 19: been fat literally thousands of people.

2380
01:56:38,800 --> 01:56:40,840
Speaker 2: We be all over the place.

2381
01:56:40,840 --> 01:56:43,000
Speaker 19: And people always come up like, yo, I closed on

2382
01:56:43,040 --> 01:56:45,400
Speaker 19: this I save money because of the Home Boys Blueprint

2383
01:56:45,480 --> 01:56:48,480
Speaker 19: Volume one, right, So it's the Encyclopedia for home buy

2384
01:56:48,480 --> 01:56:50,240
Speaker 19: It's probably my greatest work to this day.

2385
01:56:50,600 --> 01:56:55,600
Speaker 2: I love that course and it's my baby. And look

2386
01:56:55,720 --> 01:56:56,520
Speaker 2: Ab took it.

2387
01:56:56,560 --> 01:56:59,880
Speaker 19: Ab was doing assessments and took it and he's like Yore, Matt,

2388
01:57:00,040 --> 01:57:02,280
Speaker 19: I learned all about real estate because of the Home

2389
01:57:02,320 --> 01:57:03,080
Speaker 19: Eys Blueprint.

2390
01:57:03,440 --> 01:57:06,320
Speaker 3: So Mike Brown, Mike Brown actually brought a home off

2391
01:57:06,320 --> 01:57:09,600
Speaker 3: of that eylum. Not he was saying, like, you know,

2392
01:57:09,680 --> 01:57:12,120
Speaker 3: he brought the home after studying the blueprint. And the

2393
01:57:12,160 --> 01:57:15,440
Speaker 3: thing about it is, like, you know, the encyclopedia is

2394
01:57:15,480 --> 01:57:17,600
Speaker 3: fitting because you go to school and you study and

2395
01:57:17,600 --> 01:57:20,080
Speaker 3: you learn about variety different things, but you never really

2396
01:57:20,160 --> 01:57:22,400
Speaker 3: learn about the process of buying a home. And it's

2397
01:57:22,520 --> 01:57:25,560
Speaker 3: very actually extremely complicated, not as easy as just going

2398
01:57:25,600 --> 01:57:28,160
Speaker 3: to the bank and buy a home, and for most people,

2399
01:57:28,200 --> 01:57:30,040
Speaker 3: that's the biggest purchase that you're ever going to make

2400
01:57:30,120 --> 01:57:33,040
Speaker 3: in life. So being that there's no education on it,

2401
01:57:33,800 --> 01:57:36,040
Speaker 3: where do you go to know what you're doing. You

2402
01:57:36,120 --> 01:57:37,880
Speaker 3: just don't really know what you're doing. You just kind

2403
01:57:37,880 --> 01:57:39,920
Speaker 3: of wing it and you end up making a lot

2404
01:57:39,960 --> 01:57:42,760
Speaker 3: of mistakes. You don't even know you're making mistakes, so

2405
01:57:43,280 --> 01:57:45,680
Speaker 3: you know, to have a curriculum to have you know,

2406
01:57:45,720 --> 01:57:50,520
Speaker 3: a step by step died in buying a home and

2407
01:57:50,560 --> 01:57:53,440
Speaker 3: then also how to renovate the home, and you know

2408
01:57:53,560 --> 01:57:57,600
Speaker 3: different programs and interest rates and you know all of

2409
01:57:57,640 --> 01:58:01,000
Speaker 3: that refinancing and all that stuff is actually extremely beneficial

2410
01:58:01,520 --> 01:58:06,000
Speaker 3: for majority of people because it wasn't taught to you

2411
01:58:06,120 --> 01:58:09,200
Speaker 3: in school, and if your parents didn't buy a home,

2412
01:58:09,760 --> 01:58:12,160
Speaker 3: then even if they bought a home, they might not

2413
01:58:12,200 --> 01:58:15,440
Speaker 3: be fully educated on the process. So it's people take

2414
01:58:15,480 --> 01:58:21,440
Speaker 3: it for granted, but that is actually extremely beneficial educational

2415
01:58:21,600 --> 01:58:25,360
Speaker 3: piece because there's so many different parts of buying home.

2416
01:58:25,400 --> 01:58:28,840
Speaker 3: You got the entrepreneur loan, you got the jumbo mortgage,

2417
01:58:28,880 --> 01:58:32,640
Speaker 3: you got the refine, you got the veteran loan, you

2418
01:58:32,760 --> 01:58:36,200
Speaker 3: got the you know, the heat lot, you got the

2419
01:58:36,240 --> 01:58:41,040
Speaker 3: two O three K, you got the two three K, you.

2420
01:58:41,480 --> 01:58:44,400
Speaker 19: Got the home styles. So like volume two, the rehab

2421
01:58:44,440 --> 01:58:49,680
Speaker 19: pack covers that covers fairly made home style rehab loan.

2422
01:58:49,840 --> 01:58:52,440
Speaker 19: It covers the two or three K in depth detail.

2423
01:58:52,520 --> 01:58:56,720
Speaker 19: That's around seven hours of information. And you know what

2424
01:58:56,800 --> 01:58:59,120
Speaker 19: I really want to do is and all honestly, and

2425
01:58:59,160 --> 01:59:01,240
Speaker 19: I put this in chat like a month ago. But

2426
01:59:01,360 --> 01:59:04,120
Speaker 19: I really want to do volume three, and I think

2427
01:59:04,320 --> 01:59:06,520
Speaker 19: Volume three is going to be the best body of

2428
01:59:06,600 --> 01:59:10,000
Speaker 19: work that I've ever done in my life, superseding Volume

2429
01:59:10,040 --> 01:59:14,200
Speaker 19: one because now there's new information, there's new things that

2430
01:59:14,240 --> 01:59:16,800
Speaker 19: are happening in the world and in the marketplace, and

2431
01:59:16,840 --> 01:59:19,080
Speaker 19: there's a lot of different loan products out there. So

2432
01:59:19,160 --> 01:59:23,920
Speaker 19: I think with volume three that's going to encompass heavy investing,

2433
01:59:24,880 --> 01:59:29,040
Speaker 19: heavy entrepreneur, self employed, and really teaching people how to

2434
01:59:29,120 --> 01:59:33,120
Speaker 19: analyze deals and going through those motions too. So Blueprint

2435
01:59:33,200 --> 01:59:35,760
Speaker 19: Volume three will be coming soon. I'm not going to

2436
01:59:35,800 --> 01:59:38,480
Speaker 19: put a data on it right now because I'm going

2437
01:59:38,560 --> 01:59:42,200
Speaker 19: to probably make that twenty plus hours of information to

2438
01:59:42,320 --> 01:59:44,640
Speaker 19: really help people get the game on track, not they

2439
01:59:44,960 --> 01:59:47,840
Speaker 19: push back, like this is really going to be a

2440
01:59:47,960 --> 01:59:50,680
Speaker 19: dynamic piece of work and it's only going to be

2441
01:59:51,320 --> 01:59:56,680
Speaker 19: for eyl University powered by Recession Proof. So if you

2442
01:59:56,880 --> 02:00:00,040
Speaker 19: want to really learn how to fund your deal, it

2443
02:00:00,120 --> 02:00:03,680
Speaker 19: was fun your investments and really get the vital information,

2444
02:00:04,960 --> 02:00:06,840
Speaker 19: you got to be a part of this. Man, You

2445
02:00:06,960 --> 02:00:10,080
Speaker 19: got to be a part of this So Home series

2446
02:00:10,160 --> 02:00:10,880
Speaker 19: is phenomenal.

2447
02:00:11,200 --> 02:00:13,080
Speaker 5: Yes, she just asked what she can get it If

2448
02:00:13,080 --> 02:00:15,200
Speaker 5: you're in the chat. Then you have access to it

2449
02:00:15,280 --> 02:00:18,160
Speaker 5: right now? Oh yeah, sure, surely.

2450
02:00:18,880 --> 02:00:21,960
Speaker 19: Oh yeah, if you're in a zoom, then you already gucci.

2451
02:00:22,720 --> 02:00:25,040
Speaker 5: Yeah, and man, I got I told you this when

2452
02:00:25,160 --> 02:00:26,560
Speaker 5: I first saw it. I think I probably was the

2453
02:00:26,560 --> 02:00:30,280
Speaker 5: first one to have eyes on the programming. So it

2454
02:00:30,360 --> 02:00:32,920
Speaker 5: was a complete body of work, and you over delivered it.

2455
02:00:32,960 --> 02:00:34,600
Speaker 5: I know. A lot of times I feel like, you know,

2456
02:00:34,640 --> 02:00:36,400
Speaker 5: you get a little harder yourself, like you know, I

2457
02:00:36,400 --> 02:00:39,040
Speaker 5: could have added more, and after like going through the

2458
02:00:39,040 --> 02:00:40,920
Speaker 5: course and writing the assessments for the course, I'm like,

2459
02:00:41,200 --> 02:00:44,160
Speaker 5: I'm not show how you could have. In fact, anybody

2460
02:00:44,160 --> 02:00:46,840
Speaker 5: that takes it, they're gonna come out better and they're

2461
02:00:46,880 --> 02:00:48,760
Speaker 5: going to come out with an understanding of real estate

2462
02:00:48,760 --> 02:00:50,960
Speaker 5: that they never had before. I definitely did. And I

2463
02:00:51,040 --> 02:00:53,120
Speaker 5: have a home and you walk me through the process

2464
02:00:53,120 --> 02:00:56,160
Speaker 5: of getting another home. So congratulations to you. I know

2465
02:00:56,160 --> 02:00:57,520
Speaker 5: you want to give us all flowers, but I want

2466
02:00:57,520 --> 02:00:59,680
Speaker 5: to give you yours. Man. That is a complete body

2467
02:00:59,720 --> 02:01:03,000
Speaker 5: of words, an authentic body of work, and it is

2468
02:01:03,840 --> 02:01:07,480
Speaker 5: super digestible. And the fact that people get to assess

2469
02:01:08,000 --> 02:01:10,280
Speaker 5: how they're learning and what they're learning throughout the process

2470
02:01:10,360 --> 02:01:12,600
Speaker 5: makes it even better. Man. So progress to you on

2471
02:01:13,000 --> 02:01:16,520
Speaker 5: the becoming the authority in the field of real estate

2472
02:01:16,520 --> 02:01:17,520
Speaker 5: four community Man.

2473
02:01:17,640 --> 02:01:20,480
Speaker 19: Troy, I appreciate that you from coming from you because

2474
02:01:20,480 --> 02:01:24,160
Speaker 19: you're an educator, You're professionally trained at this, and when

2475
02:01:24,200 --> 02:01:26,000
Speaker 19: you told me that, I'm like, nah, this shit sucks,

2476
02:01:26,920 --> 02:01:29,880
Speaker 19: like like I could do a lot more. And you know,

2477
02:01:29,920 --> 02:01:32,280
Speaker 19: the funny thing is, I said that about episode twelve

2478
02:01:32,360 --> 02:01:34,600
Speaker 19: two and yeah, both is like, nah, it's good. Like

2479
02:01:34,680 --> 02:01:37,880
Speaker 19: I am a tough critic on myself. I'm very hard

2480
02:01:37,920 --> 02:01:41,040
Speaker 19: on everything that I do, and Troy is always that person.

2481
02:01:41,120 --> 02:01:43,440
Speaker 19: Like now, as soon as I come off any stage

2482
02:01:43,520 --> 02:01:46,320
Speaker 19: or anything, Troy is really literally the first person that

2483
02:01:46,400 --> 02:01:50,480
Speaker 19: comes out to me like yore mg nah. Like so

2484
02:01:50,560 --> 02:01:54,240
Speaker 19: I always appreciate you, bro, because coming from you being

2485
02:01:54,320 --> 02:01:57,120
Speaker 19: a trained professional educator, that means a lot because I'm

2486
02:01:57,120 --> 02:01:59,560
Speaker 19: not trained to do this. I don't even know how

2487
02:01:59,600 --> 02:02:02,040
Speaker 19: I'm doing today. To be honest with you, I'm just

2488
02:02:02,440 --> 02:02:06,360
Speaker 19: I'm just doing what I do and the blueprint. Looking

2489
02:02:06,360 --> 02:02:08,600
Speaker 19: back at it now, I agree with a thousand percent

2490
02:02:08,640 --> 02:02:12,000
Speaker 19: with you. That thing's a masterpiece and I'm very proud

2491
02:02:12,040 --> 02:02:15,160
Speaker 19: of it. It's helped thousands of people buy real estate

2492
02:02:15,200 --> 02:02:18,520
Speaker 19: the right way, get good deals. But now I think

2493
02:02:18,560 --> 02:02:20,880
Speaker 19: I want to take it to the next level with

2494
02:02:21,080 --> 02:02:25,280
Speaker 19: Volume three and just continue my mission. And my mission, fellas,

2495
02:02:25,400 --> 02:02:28,360
Speaker 19: is to help close the wealth gap in real estate,

2496
02:02:28,400 --> 02:02:31,680
Speaker 19: one brick at a time. And whether you're buying your

2497
02:02:31,720 --> 02:02:35,120
Speaker 19: primary residence or you buying investment properties, Black and brown

2498
02:02:35,120 --> 02:02:37,600
Speaker 19: people need to buy real estate. We don't need to

2499
02:02:37,640 --> 02:02:40,240
Speaker 19: really pay attention to the fear mongering. We need to

2500
02:02:40,280 --> 02:02:43,560
Speaker 19: stay the course and stay focused on our mission. Our

2501
02:02:43,600 --> 02:02:46,400
Speaker 19: wealth is disappearing in front of our eyes. And if

2502
02:02:46,440 --> 02:02:49,760
Speaker 19: we have everybody who's watching this right now, we have

2503
02:02:49,880 --> 02:02:56,120
Speaker 19: the opportunity to change the generational DNA of our entire community.

2504
02:02:56,480 --> 02:02:58,840
Speaker 19: And real estate is a big play on that. Let's

2505
02:02:58,880 --> 02:03:01,200
Speaker 19: not get it twisted. No real estate gets treated like

2506
02:03:01,200 --> 02:03:03,480
Speaker 19: the step child when it comes to cryptrow and stocks

2507
02:03:03,520 --> 02:03:06,560
Speaker 19: and everything that's out there. But let's not forget how

2508
02:03:06,640 --> 02:03:10,280
Speaker 19: important real estate is because you can't go outside without

2509
02:03:10,280 --> 02:03:12,560
Speaker 19: seeing real estate period.

2510
02:03:14,600 --> 02:03:19,959
Speaker 4: Period with a T with a T yep. Very important.

2511
02:03:21,080 --> 02:03:24,800
Speaker 4: Uh well, MG, always a pleasure. My brother.

2512
02:03:26,600 --> 02:03:34,840
Speaker 19: Just set me the picture to another one. Yo, y'all,

2513
02:03:34,880 --> 02:03:40,120
Speaker 19: dude's on fire, yo, Yo. Market mondays this Sunday Madison

2514
02:03:40,120 --> 02:03:42,960
Speaker 19: Square Garden. If you are not in the building with

2515
02:03:43,440 --> 02:03:46,000
Speaker 19: these two gentlemen and the master investor.

2516
02:03:46,240 --> 02:03:47,520
Speaker 2: You know what, hold on?

2517
02:03:48,400 --> 02:03:50,280
Speaker 19: I want to give away two tickets because I brought

2518
02:03:50,280 --> 02:03:51,480
Speaker 19: a couple of tickets myself.

2519
02:03:52,720 --> 02:03:53,560
Speaker 2: Let's do a rifle.

2520
02:03:54,280 --> 02:03:56,760
Speaker 19: I want to give away two tickets to Market Mondays

2521
02:03:57,120 --> 02:04:00,760
Speaker 19: this Sunday. Like who should we give to some new

2522
02:04:00,800 --> 02:04:03,640
Speaker 19: earners who come into the new movement? Or should we

2523
02:04:03,680 --> 02:04:05,720
Speaker 19: give it to the YouTube people? I got two tickets

2524
02:04:05,720 --> 02:04:09,480
Speaker 19: to give away. How should we do this, fellas you

2525
02:04:09,600 --> 02:04:14,040
Speaker 19: tell me new earnest or YouTube people. I think we

2526
02:04:14,120 --> 02:04:16,600
Speaker 19: go with the home team, Man home team. It is

2527
02:04:17,840 --> 02:04:22,520
Speaker 19: look home team. It is sign Up joint E y

2528
02:04:22,680 --> 02:04:27,640
Speaker 19: l University powered by Recession Proof. And you can inter

2529
02:04:27,800 --> 02:04:31,880
Speaker 19: win two tickets to Market Monday's live at Madison Square

2530
02:04:31,920 --> 02:04:35,120
Speaker 19: Garden this Sunday. And it's going to be a movie.

2531
02:04:35,320 --> 02:04:38,040
Speaker 4: I'm trying to tell you motion picture event.

2532
02:04:38,160 --> 02:04:40,400
Speaker 3: Man's gonna be one of them, one of them ones

2533
02:04:40,440 --> 02:04:46,200
Speaker 3: Man Floyd Money, Mayweather, JD Kids, Don Peebles, Peter Tuckman, uh.

2534
02:04:48,000 --> 02:04:48,480
Speaker 4: Who else?

2535
02:04:48,560 --> 02:04:52,600
Speaker 19: Man MG on the bell, I ain't gonna hold you

2536
02:04:52,640 --> 02:04:55,960
Speaker 19: at MG. MG should be on the bell for shot

2537
02:04:57,000 --> 02:04:59,720
Speaker 19: Yo for shot. MG should be on the bell. Bro

2538
02:05:01,640 --> 02:05:05,720
Speaker 19: I ain't here mg a shot. I will be in

2539
02:05:05,720 --> 02:05:12,320
Speaker 19: the building though, but I ain't on the stage. Shot.

2540
02:05:12,360 --> 02:05:14,280
Speaker 4: We gotta work out some last minute you know.

2541
02:05:14,600 --> 02:05:18,160
Speaker 19: Come on, man, I'm ready, Bro, let's go, Yody know

2542
02:05:18,160 --> 02:05:19,600
Speaker 19: what to do. I don't even need to be on

2543
02:05:19,640 --> 02:05:22,880
Speaker 19: the fly. Just tell me, y'all and that's all I need.

2544
02:05:23,400 --> 02:05:29,000
Speaker 19: Say less, say less, lady, y'all. Like I put him

2545
02:05:29,000 --> 02:05:30,640
Speaker 19: on the spot. This is really me and his group

2546
02:05:30,680 --> 02:05:34,440
Speaker 19: text and the group text with him too. Shoty, what's good, bro?

2547
02:05:38,080 --> 02:05:41,920
Speaker 19: Do exactly what he's doing right now? Like, Yo, we

2548
02:05:42,120 --> 02:05:55,880
Speaker 19: gotta work it out. Nice schedule, tight schedule. Oh hilarious, Yo,

2549
02:05:56,440 --> 02:06:00,720
Speaker 19: but nah, it's gonna be late. It's gonna be now,

2550
02:06:00,720 --> 02:06:02,840
Speaker 19: It's gonna be lit. I'm super proud of y'all. Man

2551
02:06:02,880 --> 02:06:06,560
Speaker 19: shout out the end, Like, guys, you gotta understand. This

2552
02:06:06,680 --> 02:06:10,680
Speaker 19: is not a rap concert. This is not a comedy show.

2553
02:06:10,720 --> 02:06:15,280
Speaker 19: No disrespect to nobody. This is financial literacy and that's fast.

2554
02:06:15,360 --> 02:06:18,440
Speaker 19: Your ro sold out Royal Albert Hall.

2555
02:06:19,480 --> 02:06:20,160
Speaker 2: Incredible.

2556
02:06:21,400 --> 02:06:24,640
Speaker 19: I'm telling you, it's gonna be due by next Canada, Africa,

2557
02:06:24,920 --> 02:06:29,640
Speaker 19: America again, it's gonna be This is global and it's

2558
02:06:29,680 --> 02:06:32,440
Speaker 19: all for financial literacy for black and brown people. This

2559
02:06:32,480 --> 02:06:38,360
Speaker 19: is monumental, this is iconic, this is history books. I

2560
02:06:38,360 --> 02:06:42,840
Speaker 19: don't have nothing else to say after that. The rock

2561
02:06:42,920 --> 02:06:48,520
Speaker 19: boys and the building, Baby, let's go. Let's go, y'all

2562
02:06:48,640 --> 02:06:51,000
Speaker 19: drop some gems in the comments if you're rocking with

2563
02:06:51,080 --> 02:06:56,720
Speaker 19: the EYL movement. This is international, This is for us,

2564
02:06:56,840 --> 02:06:59,720
Speaker 19: for us, by us, man for real. I'm super proud

2565
02:06:59,720 --> 02:07:04,000
Speaker 19: of everybody that's affiliated with this, everybody who's out here teaching,

2566
02:07:04,600 --> 02:07:10,800
Speaker 19: everybody who sacrifices to give information like this is not easy,

2567
02:07:11,280 --> 02:07:14,600
Speaker 19: it's hard work. But I'm super proud of everybody and

2568
02:07:14,720 --> 02:07:19,480
Speaker 19: everybody who's affiliate affiliated with EYL, the whole team. Like

2569
02:07:19,600 --> 02:07:22,760
Speaker 19: I'm proud of y'all. Love y'all, Happy Thanksgiving to everybody.

2570
02:07:23,400 --> 02:07:28,160
Speaker 19: Be safe, safety first, and I'll see y'all at the

2571
02:07:28,200 --> 02:07:31,560
Speaker 19: new EYL University powered by Recession Proof.

2572
02:07:33,160 --> 02:07:35,480
Speaker 3: Let's do it so before we leave, just to remind

2573
02:07:35,520 --> 02:07:40,320
Speaker 3: you guys to join the waiting list texts learn to

2574
02:07:40,520 --> 02:07:45,520
Speaker 3: four oh one two three eight seven four seven nine.

2575
02:07:45,800 --> 02:07:49,320
Speaker 3: The relaunch of EYL University will be dropping on Friday.

2576
02:07:50,040 --> 02:07:55,280
Speaker 3: It is a merger with Recession Proof. We have added

2577
02:07:55,440 --> 02:08:00,560
Speaker 3: nineteen courses which include all of MG the Mortgage God courses,

2578
02:08:00,560 --> 02:08:05,640
Speaker 3: which includes Hermann's Business Credit Course which includes dance Business

2579
02:08:05,680 --> 02:08:09,160
Speaker 3: Course and a variety of other course. We got options course,

2580
02:08:09,160 --> 02:08:11,200
Speaker 3: We got a variety of different courses that will be

2581
02:08:11,240 --> 02:08:16,240
Speaker 3: added into the curriculum. Chapters twenty seven chapters physical like

2582
02:08:16,360 --> 02:08:22,800
Speaker 3: chapters across the country. Interactive classes will be taking place

2583
02:08:23,360 --> 02:08:26,880
Speaker 3: events and as I said, the event thing is actually

2584
02:08:27,840 --> 02:08:31,000
Speaker 3: a really valuable situation because you know, that was part

2585
02:08:31,000 --> 02:08:33,320
Speaker 3: of the thing that really inspired a lot of the

2586
02:08:33,360 --> 02:08:37,480
Speaker 3: events that we do. So the events, exclusive events just

2587
02:08:37,520 --> 02:08:39,920
Speaker 3: for members, and you know, we just wanted to relaunch it.

2588
02:08:39,920 --> 02:08:43,840
Speaker 3: We had Eyo University for about two and a half

2589
02:08:43,880 --> 02:08:47,160
Speaker 3: three years and you know, we achieved a tremendous amount

2590
02:08:47,200 --> 02:08:51,160
Speaker 3: of success. But like I said, you know, being the

2591
02:08:51,240 --> 02:08:54,560
Speaker 3: space that we're in, we'll always have to try to

2592
02:08:54,600 --> 02:08:58,880
Speaker 3: do something bigger and think in the future and think ahead.

2593
02:08:59,600 --> 02:09:01,720
Speaker 3: And that's the only way you can really be successful

2594
02:09:01,720 --> 02:09:04,520
Speaker 3: in this world is to never become complacent and never

2595
02:09:04,560 --> 02:09:08,240
Speaker 3: become stagnant. And that was why we felt like, you know,

2596
02:09:09,600 --> 02:09:15,440
Speaker 3: the merger made sense and this is where we're at.

2597
02:09:15,480 --> 02:09:18,880
Speaker 3: It's gonna be something that I don't think anybody in

2598
02:09:18,880 --> 02:09:22,080
Speaker 3: the space. I don't see how anybody in the space

2599
02:09:22,080 --> 02:09:26,880
Speaker 3: can really. You know, I don't know how they what

2600
02:09:26,920 --> 02:09:30,000
Speaker 3: happens with this situation, be honest with you, but it's

2601
02:09:30,040 --> 02:09:33,280
Speaker 3: gonna be a situation that's gonna you know, really be

2602
02:09:33,360 --> 02:09:33,920
Speaker 3: big man.

2603
02:09:34,160 --> 02:09:36,480
Speaker 2: You're a waitness in a dynasty like no other.

2604
02:09:37,440 --> 02:09:39,640
Speaker 4: The line has been droven big as the sun.

2605
02:09:39,720 --> 02:09:44,200
Speaker 3: So text that number and yeah, we're gonna drop it

2606
02:09:44,240 --> 02:09:48,440
Speaker 3: on Black Friday. Fifty percent off on Black Friday, twenty

2607
02:09:48,440 --> 02:09:52,960
Speaker 3: four hour sell on Black Friday, and we're gonna run

2608
02:09:53,040 --> 02:09:53,680
Speaker 3: it all the way through.

2609
02:09:53,800 --> 02:09:54,040
Speaker 4: Man.

2610
02:09:54,120 --> 02:09:58,480
Speaker 3: We're gonna be going to Madison Square Garden on Sunday,

2611
02:09:58,920 --> 02:10:02,960
Speaker 3: and then we're going to art Bao next Saturday, and

2612
02:10:03,000 --> 02:10:07,400
Speaker 3: then we have we have the real Estate Expo at

2613
02:10:07,400 --> 02:10:12,080
Speaker 3: Howard University the next Saturday after that, So.

2614
02:10:12,360 --> 02:10:14,400
Speaker 19: Can we drop the link? Can we drop the link

2615
02:10:14,440 --> 02:10:15,320
Speaker 19: in the chat real quick?

2616
02:10:16,360 --> 02:10:16,600
Speaker 11: Yeah?

2617
02:10:16,720 --> 02:10:20,240
Speaker 3: Put it in there if you have it. The Howard

2618
02:10:20,320 --> 02:10:23,640
Speaker 3: University is is free also too, So our BOSO is

2619
02:10:23,640 --> 02:10:27,960
Speaker 3: a free event. You can go to our website and

2620
02:10:27,960 --> 02:10:29,920
Speaker 3: and sign up for that. That's free, but you must

2621
02:10:30,040 --> 02:10:37,000
Speaker 3: r VP and Howard University real Estate Expo District of Columbia.

2622
02:10:37,080 --> 02:10:39,600
Speaker 3: That's gonna be our last event for the year. That

2623
02:10:39,720 --> 02:10:40,839
Speaker 3: also will be free.

2624
02:10:42,960 --> 02:10:43,800
Speaker 2: Yeah, and I just put that.

2625
02:10:44,440 --> 02:10:46,240
Speaker 19: I just put the link in the live chat a

2626
02:10:46,240 --> 02:10:48,200
Speaker 19: couple of times. So if you're in the d m

2627
02:10:48,280 --> 02:10:49,320
Speaker 19: V area.

2628
02:10:49,760 --> 02:10:54,200
Speaker 4: Put it in the YouTube chat. Also YouTube YouTube.

2629
02:10:54,920 --> 02:10:56,240
Speaker 2: Yeah, I put it in the YouTube chat.

2630
02:10:57,320 --> 02:10:59,520
Speaker 5: Yeah. I put it for the earnest, so we're good.

2631
02:11:00,080 --> 02:11:00,320
Speaker 2: Yeah.

2632
02:11:00,360 --> 02:11:05,240
Speaker 19: So look, man, that that Home Boys Expo Howard University Historic.

2633
02:11:05,640 --> 02:11:07,440
Speaker 19: You know, we're gonna fill that place up, a free

2634
02:11:07,440 --> 02:11:10,840
Speaker 19: event for the community. So if you're in the DMV area,

2635
02:11:11,400 --> 02:11:13,960
Speaker 19: please pull up. We got some certified gym droppers on

2636
02:11:13,960 --> 02:11:16,680
Speaker 19: the stage. We'll announce that after market Monday is the

2637
02:11:16,720 --> 02:11:17,520
Speaker 19: certified Jim Drive.

2638
02:11:17,600 --> 02:11:17,720
Speaker 4: Oh.

2639
02:11:17,720 --> 02:11:19,960
Speaker 19: You go to the link, you'll see who's gonna be there, right,

2640
02:11:20,920 --> 02:11:24,240
Speaker 19: But it's gonna be an all a ton of ton

2641
02:11:24,280 --> 02:11:29,080
Speaker 19: of information and it's free. First come, first serve. When

2642
02:11:29,080 --> 02:11:33,600
Speaker 19: it comes to Seaton, get there early and come out

2643
02:11:33,640 --> 02:11:37,920
Speaker 19: and network with us and come learn and be merry.

2644
02:11:38,400 --> 02:11:38,600
Speaker 7: You know.

2645
02:11:39,240 --> 02:11:41,240
Speaker 19: So this is the final event of the year and

2646
02:11:41,280 --> 02:11:43,520
Speaker 19: I'm looking forward to that. I'm looking forward to Art

2647
02:11:43,560 --> 02:11:48,840
Speaker 19: Basil another legendary time, silky situations.

2648
02:11:48,800 --> 02:11:52,280
Speaker 2: And yeah, life is great. God bless the trap.

2649
02:11:53,880 --> 02:12:00,400
Speaker 3: Oh, blessed the Trap. Man Basil. Anything's possible. Mil sold

2650
02:12:00,400 --> 02:12:07,800
Speaker 3: out the bossle. So it's gonna be it's gonna be

2651
02:12:07,800 --> 02:12:09,040
Speaker 3: a night to remember.

2652
02:12:08,680 --> 02:12:13,000
Speaker 5: Man, Yo, Man, be safe, y'all. It is Uh. It

2653
02:12:13,040 --> 02:12:14,680
Speaker 5: smells like somebody's cooking upstairs.

2654
02:12:14,760 --> 02:12:14,880
Speaker 14: Man.

2655
02:12:14,920 --> 02:12:16,800
Speaker 5: So that's always a good sign, which always means that

2656
02:12:16,840 --> 02:12:21,040
Speaker 5: families are coming together to feast and celebrate each other

2657
02:12:21,160 --> 02:12:23,280
Speaker 5: and share love with each other. So I encourage everybody

2658
02:12:23,320 --> 02:12:25,680
Speaker 5: to do the same. I would be part of the

2659
02:12:25,760 --> 02:12:28,840
Speaker 5: eating committee. I am the chapter leader of the eating

2660
02:12:28,840 --> 02:12:32,440
Speaker 5: committee at in my house, and uh, I intend to

2661
02:12:32,560 --> 02:12:34,560
Speaker 5: tend to my duty tomorrow at a very high level.

2662
02:12:34,560 --> 02:12:37,240
Speaker 5: So shot, everybody that's the chair of the eating committee

2663
02:12:37,240 --> 02:12:38,000
Speaker 5: in their homes as well.

2664
02:12:39,080 --> 02:12:46,440
Speaker 3: Also make sure that you, uh, you drip responsibly during

2665
02:12:46,440 --> 02:12:47,440
Speaker 3: this holiday weekend.

2666
02:12:47,880 --> 02:12:49,600
Speaker 4: That's very important, very.

2667
02:12:51,160 --> 02:12:55,240
Speaker 3: Extremely I ran into a fat Joe today at mike bespot.

2668
02:12:55,360 --> 02:12:58,000
Speaker 2: Actually, how was how was that Mike be spot earlier?

2669
02:12:58,000 --> 02:12:58,760
Speaker 2: What time he was there?

2670
02:13:00,400 --> 02:13:01,400
Speaker 4: Around like four o'clock?

2671
02:13:01,880 --> 02:13:04,000
Speaker 2: Oh yeah, I was at like twelve something.

2672
02:13:04,440 --> 02:13:06,520
Speaker 3: Yes, already in the fat Joe. So I'm like, you're

2673
02:13:06,560 --> 02:13:08,880
Speaker 3: dripping responsibly out. He was like at all times, brother,

2674
02:13:09,600 --> 02:13:11,120
Speaker 3: at all times.

2675
02:13:10,680 --> 02:13:14,440
Speaker 2: All times. Very important.

2676
02:13:15,240 --> 02:13:20,880
Speaker 3: Shout out to Joey krack eyl University relaunch Friday.

2677
02:13:21,480 --> 02:13:22,560
Speaker 4: Nothing will be the same.

2678
02:13:23,000 --> 02:13:27,919
Speaker 3: Madison Square Garden takeover Sunday, art Basul next week, Washington

2679
02:13:28,000 --> 02:13:33,920
Speaker 3: DC next week after next week. An unsought of high

2680
02:13:34,000 --> 02:13:38,120
Speaker 3: level interviews coming out. Shout out to math Hafa my

2681
02:13:38,280 --> 02:13:40,440
Speaker 3: expert opinion coming out soon.

2682
02:13:41,560 --> 02:13:43,040
Speaker 4: And you know we stop.

2683
02:13:43,200 --> 02:13:44,280
Speaker 5: We got a couple of bums.

2684
02:13:44,400 --> 02:13:48,680
Speaker 4: Oh merch, go to the website.

2685
02:13:49,240 --> 02:13:51,760
Speaker 3: Shout out to band fifty percent off merch running through

2686
02:13:52,160 --> 02:13:52,879
Speaker 3: Black Friday.

2687
02:13:52,920 --> 02:13:54,480
Speaker 19: Shout out to BAM, I need some more of those.

2688
02:13:54,560 --> 02:13:56,560
Speaker 19: Asset over liability jaggas man.

2689
02:13:57,600 --> 02:14:02,720
Speaker 3: The women's clothes going crazy. We back lit again. All Right,

2690
02:14:03,040 --> 02:14:05,960
Speaker 3: ladies and gentlemen, that's a wrap. Tell a friend to

2691
02:14:06,000 --> 02:14:08,880
Speaker 3: tell a friend. This will be on YouTube. It will

2692
02:14:08,880 --> 02:14:13,160
Speaker 3: also be on podcast l as tomorrow. Text the number,

2693
02:14:13,800 --> 02:14:17,720
Speaker 3: Text learn to four O one two three eight seven

2694
02:14:17,800 --> 02:14:20,640
Speaker 3: four seven nine, and we are out of here.

2695
02:14:20,760 --> 02:14:21,960
Speaker 5: Love is love, y'all. Be safe.

2696
02:14:22,040 --> 02:14:22,520
Speaker 2: Happy Hour