Speaker 1: Coach, the energy out there felt different. What changed for
Speaker 1: the team today?
Speaker 2: It was the new game day scratches from the California
Speaker 2: Lottery player is everything. Those games sent the team's energy
Speaker 2: through the roof.
Speaker 1: Are you saying it was the off field play that
Speaker 1: made the difference on the field.
Speaker 2: Hey, little play makes your day, and today it made
Speaker 2: the game. That's all for now, Coach, one more question.
Speaker 1: Play the new Los Angeles Chargers, San Francisco forty nine
Speaker 1: ers and Los Angeles Rams scratchers from the California Lottery.
Speaker 1: A little play can make your day. Peace made responsibilit
Speaker 1: must be eighteen years or older to purchase late or
Speaker 1: claim earns.
Speaker 3: It's twenty twenty one, the year have execution. In order
Speaker 3: to execute, we have to have information. And the number
Speaker 3: one place that get the information EYL University Shotty tell
Speaker 3: them what we bring in.
Speaker 4: Yes, EYL University has been reloaded. We already have one
Speaker 4: hundred passed webinars. We already have weekly webinars. We already
Speaker 4: have our private investment group on Facebook. We already have
Speaker 4: monthly financial planning calls. We already have five weekly real
Speaker 4: estate called. But what has been added to EYL University
Speaker 4: this year is access to MG the Mortgage Guys home
Speaker 4: Buyer's Blueprint which walks you through the home buying process
Speaker 4: from A to Z and went off.
Speaker 5: So has been added breaking news alert.
Speaker 4: Everybody always has to be in our group chat and
Speaker 4: when we talk about all the investment plays that we
Speaker 4: are making. We are going to have investment calls group
Speaker 4: chat calls with me, Troy and the whole team and
Speaker 4: walk you through our plays that we're making and give
Speaker 4: you insight into our portfolios. All of that for seventy
Speaker 4: five percent off. That's right, We are doing a lowout
Speaker 4: sale seventy five percent off for a limited time only.
Speaker 4: Go to eyl University dot com right now and sign up.
Speaker 6: See you on the other side, my graduates from my
Speaker 6: school being forced.
Speaker 5: Back drop bag drop, my drop back drop drop.
Speaker 4: Let's get it you good, bro, Just unmute yourself, cut
Speaker 4: your camera on and let's get it going.
Speaker 5: Let's let's let's rock out there you go, And we
Speaker 5: were session blue.
Speaker 7: Yeah, you know, you know, we got to, we got to.
Speaker 7: I didn't want to go bust down tonight, you.
Speaker 5: Know, point point dexter point dexter tonight.
Speaker 7: So uh yeah, I see it in the chat already.
Speaker 7: So how you guys doing out there as we jump
Speaker 7: in the night. You want me to just get straight
Speaker 7: into it.
Speaker 4: Yeah, I'm gonna give them an introduction on what's going
Speaker 4: on here. So for first and foremost, thank you. Thank
Speaker 4: you for joining us.
Speaker 7: Man.
Speaker 4: I know you're a busy man these days. Man, you're
Speaker 4: running around you making it happen. Man, So congratulations on
Speaker 4: everything you got going on. Man, A million dollar worth
Speaker 4: a game interview was amazing. Our interview obviously was amazing.
Speaker 4: Sleepers for Suckers interview was amazing. So yeah, first and foremost, man, congratulations, Man,
Speaker 4: keep educating, keep leading away, and keep inspiring.
Speaker 5: It's very very important.
Speaker 3: And you're the big boss man now in three weeks
Speaker 3: you top five bro, Top five ey l episode, run
Speaker 3: it up.
Speaker 8: I think we had you at three seventeen.
Speaker 7: It's crazy, cloth like that.
Speaker 8: I know what you got your eye on too. I
Speaker 8: know what you got your eye.
Speaker 7: It's a blessing, man, you know that the information I should.
Speaker 7: I just tried my best, like when I come on
Speaker 7: the platforms, to just really educate everybody as best as
Speaker 7: possible because one of the things I hate for people
Speaker 7: to get on somewhere and waste their time and they
Speaker 7: spend years, I mean a few hours and they get
Speaker 7: nothing but a whole bunch of motivation or just a story.
Speaker 7: Like actually giving people tangible things to walk away with
Speaker 7: is really what I pride myself on. And that's you know,
Speaker 7: gonna be the basis for the night too.
Speaker 5: Let's do it.
Speaker 4: So let's let's first and foremost welcome everybody out there
Speaker 4: and in University of Euyo University, Eyo University welcome, and
Speaker 4: everybody on YouTube welcome. So the people that's on YouTube,
Speaker 4: we're just going to give you a quick rundown of
Speaker 4: how this works. So Eyo University is a platform that
Speaker 4: we started over a year ago and it's an extension
Speaker 4: of the podcast. Is pretty much like on Steroids for
Speaker 4: people that want like more hands on experience and actually
Speaker 4: you know, get to actually you know, ask questions.
Speaker 5: And it's a community.
Speaker 4: So once a month we do what was called open
Speaker 4: enrollment and we kind of give you a sneak peek.
Speaker 4: We like to show our work, as Trapp would say,
Speaker 4: show our works to the public. So yeah, we give you,
Speaker 4: we give you an open open house and you can
Speaker 4: check it out. So what happens is that for EBA University,
Speaker 4: we have one hundred past webinars because every single week
Speaker 4: we do a different webinar with a different instructor that
Speaker 4: teaches on a different topic. So whether it's real estate,
Speaker 4: whether it's credit, whether it's student loans, whether it's stocks,
Speaker 4: every single week is different. Every Wednesday at eight o'clock
Speaker 4: Eastern Standard time. And then so all of that's archives.
Speaker 4: So it's currently one hundred webinars right there. And then
Speaker 4: we have a private Investment group on Facebook, which is
Speaker 4: a community. It's five thousand people in that and people
Speaker 4: get together and they talk about investing. Is all kinds
Speaker 4: of infinity groups in there, and it's a whole it's
Speaker 4: a whole accountability. And then we also have a movie
Speaker 4: club and a book club. And then once a month
Speaker 4: I do financial planning calls. Everybody knows I'm a financial advisor,
Speaker 4: so I do want financial planning calls. Once a month.
Speaker 4: We do bi weekly real estate calls with MG the
Speaker 4: Mortgage Guy. And what has been added this year to
Speaker 4: Eyo University is MG the Mortgage Guys Home Barer's Blueprint,
Speaker 4: which is over fifteen hours of content in one hundred videos.
Speaker 4: So if you join el University, you get that as
Speaker 4: a member, step by step booklet to get and what
Speaker 4: we what we just announced on market Monday. So everybody,
Speaker 4: including including him five hundred every time like we talk
Speaker 4: about stocks and all that because they know we got
Speaker 4: we got the investment group chat and we showed we
Speaker 4: showed the guys our portfolio, like YO, put me in
Speaker 4: the group chat, show me how to do this stead
Speaker 4: of that. So you know, we got so many requests
Speaker 4: to like, YO, how to like let me know your
Speaker 4: plays like the group chat. So we're going to do
Speaker 4: once a month group chat calls, investment group chat calls
Speaker 4: where we're just gonna it's a free form meet Jamal Troy,
Speaker 4: our whole team, and we're going to actually just tell
Speaker 4: you the plays that we're not we're not telling you
Speaker 4: to make those.
Speaker 5: Place is what's going on. But we're gonna tell you what's.
Speaker 4: In our portfolio, what we're doing, what we're looking at,
Speaker 4: and we're just gonna have a conversation. We're just gonna
Speaker 4: open up our group chat. And that's a million dollars
Speaker 4: worth a game right there. If you saw in a
Speaker 4: pfolio animal.
Speaker 3: Every every time we showed somebody to portfolio individually, like, Yo, Shotty,
Speaker 3: show a portfolio.
Speaker 8: I show a portfolio. More shows portfolio, Mike. They like, yo, bro,
Speaker 8: this ridiculous. How do I start? How much do I need?
Speaker 8: And can y'all just show me? So that's been a
Speaker 8: consistent thing.
Speaker 3: So it was like, Yo, let's just open it up, man,
Speaker 3: Let's just open it up so everybody can see what's
Speaker 3: going on. And the best thing about it is like,
Speaker 3: since it's an open form, I know people are making
Speaker 3: moves out there too that can help us. And so
Speaker 3: it's like, yo, what's back and forth? Now we build
Speaker 3: as a community because there's some moves that we don't make.
Speaker 3: Like we heard on Market Mondays other night, young man
Speaker 3: Ash was like, Yo, I like this play, and so
Speaker 3: I'm like, yo, bet, we gotta go research that. So
Speaker 3: that's how you build community. It's not just like Yo,
Speaker 3: we're gonna give. We're gonna give. It's gonna be given.
Speaker 8: Take. It's like all right, oh, I didn't know about that,
Speaker 8: Thank you for putting me on. Now we gotta go
Speaker 8: do a homework. So it's gonna be dope.
Speaker 5: Marcus.
Speaker 4: Let me ask you, well, everything I just named, what
Speaker 4: do you think a fair price for that value is.
Speaker 7: Everything you just named yeah on a A on a
Speaker 7: one time by or yeah, I don't know, probably about
Speaker 7: five thousand. That's I will price it at like a
Speaker 7: five to seventy five.
Speaker 5: That's a fact.
Speaker 7: We're seventy five hundred.
Speaker 5: That's a fact, man, we're doing.
Speaker 4: We're doing a seventy two hour sale for that seventy
Speaker 4: five percent off, five hundred dollars, five hundred dollars.
Speaker 5: We're letting it go. So you're looking for you.
Speaker 7: I'm about to give him a couple of thousand dollars
Speaker 7: worth of info right now. They've been get a couple
Speaker 7: of thousand dollars worth of info right now.
Speaker 8: Oh man.
Speaker 4: So yeah, we put that link in there, eyuniversity dot com.
Speaker 4: Like I said, we're gonna do a seventy seventy two
Speaker 4: hour sale, seventy five percent off. But first and foremost,
Speaker 4: let's let's get into it. I know the Good Brother
Speaker 4: got a lot going on. So Marcus were ready, We're
Speaker 4: ready to be educated.
Speaker 3: Yeah, bro, I'm gonna make you the host, and so
Speaker 3: whenever you're ready, I'm gonna switch it back so we
Speaker 3: don't have to have a split screen all right, all right, all.
Speaker 7: Right, so I'm hold so listen to you guys. How
Speaker 7: you guys doing as you guys. Some of you know,
Speaker 7: some of you may not. My name is Marcus Barney,
Speaker 7: also known as Him five hundred, and what I do
Speaker 7: is I teach financial literacy. Right, there's a lot of
Speaker 7: people in the community, and we're getting more in tune
Speaker 7: when it comes to financial literacy, when it comes to credit,
Speaker 7: when it comes to investing and things like that. And
Speaker 7: my thing is this a lot of us. I don't
Speaker 7: know if you guys are like me, but I grew
Speaker 7: up in a household where I didn't come from people
Speaker 7: who had money, right, Like, I was born homeless. You know,
Speaker 7: the typical story come from the ghetto. Note that every
Speaker 7: the story that most most people come from from our community.
Speaker 7: And what happens is is that we don't come from
Speaker 7: a trust fund. But then we also don't come from
Speaker 7: a long line of education, right, We don't come from
Speaker 7: a long line of people who have been educated properly.
Speaker 7: And so what happens is is that we grow up
Speaker 7: missing formed and we grew up with a lack of resources.
Speaker 7: So we're missing two things. We're missing resources and education. Inside.
Speaker 7: We have all the drive that we need, We have
Speaker 7: all of the motivation of charisma. We have everything that
Speaker 7: it takes to go out and make money. And that's
Speaker 7: why a lot of us thrive in different industries. But
Speaker 7: a lot of us get left behind if we don't have,
Speaker 7: you know, certain things like being an athlete or being
Speaker 7: a rapper. If we don't got that. And so what
Speaker 7: I looked at growing up, I wasn't that. So me
Speaker 7: not being an athlete, what I looked at, I said, Okay,
Speaker 7: well what can I do? I started learning business. When
Speaker 7: I got in business, I was able to gain traction.
Speaker 7: I was able to gain a little bit of success,
Speaker 7: and whenever the slow season will hit, right, most businesses
Speaker 7: have a slow season, or people just have a rough
Speaker 7: time and they have a slow period, a rough period.
Speaker 7: And what happens in that period is usually we go
Speaker 7: into a financial crunch because we don't have anything to
Speaker 7: fall back. So most of us don't come from trust funds.
Speaker 7: And so, understanding that I don't come from a trust fund,
Speaker 7: I don't have anything to fall back on. All I
Speaker 7: have is a capital I was able to raise. I
Speaker 7: started looking into credit right and so I started figuring out, Well,
Speaker 7: how can I use credit because it's no way that
Speaker 7: it's out here and it can't be an actual resource,
Speaker 7: right because I was training. I don't know if you
Speaker 7: guys are trained like me, right and not just let
Speaker 7: me get a check in the chat? Is that drop
Speaker 7: a one in the chat? Is the things that you
Speaker 7: guys were trained on? Was Hey, when it comes to credit,
Speaker 7: the only thing is good for is buying a house,
Speaker 7: buying a car and using a credit card emergency purposes
Speaker 7: only and get gas with it, right, was that's the level? Okay?
Speaker 7: Looking at the chat, I see a bunch of one, right,
Speaker 7: And so for me, what I look at and see
Speaker 7: is that I'm not the only one that came up
Speaker 7: as educated about when it came to credit. So, as
Speaker 7: you guys seen on the EYL episode, I gave you
Speaker 7: guys a lot of jewels and things that you can
Speaker 7: do by leveraging credit, right, But what I didn't do
Speaker 7: was break down a blueprint for you to be able
Speaker 7: to go out and get some money.
Speaker 5: Right.
Speaker 7: See, we only have so much time. But now we
Speaker 7: get to go on the lesson mod. So tonight I
Speaker 7: get to actually share with you guys a few tangible
Speaker 7: things where you can go and get money. So that
Speaker 7: way you could build your own what is could be
Speaker 7: called your own trust fund. Right, that's just me what
Speaker 7: I call it, not literally a trust fund, but build
Speaker 7: your own trust fund. And that's my goal is that
Speaker 7: if we don't come from money, at least somebody give
Speaker 7: us a blueprint so we can go and get some money. Right,
Speaker 7: once we can get it, if we can properly use
Speaker 7: it and be properly educated on it, because don't get it,
Speaker 7: don't get me misconscrewed. From one point, credit is very dangerous, Okay,
Speaker 7: it's a dangerous game. And the reason why it's dangerous
Speaker 7: is because we don't have the education on it. Nobody
Speaker 7: told us that you can hide your credit card utilization
Speaker 7: so you don't pay interests, right. Nobody told us that
Speaker 7: you know how to monopolize and actually gain off the
Speaker 7: reward points and the rewards in the reward system that
Speaker 7: credit card companies actually have. Right. Most of us go
Speaker 7: out and we operate off a debit card. And I
Speaker 7: ask people all the time, I said, listen, if you're
Speaker 7: walking down a dark alley with ten thousand in your
Speaker 7: pocket and you know you're gonna get robbed, do you
Speaker 7: want my ten thousand in your pocket or your last
Speaker 7: ten thousand in your pocket? Most people gonna say, I
Speaker 7: want your ten thousand in my pocket. I'd rather have
Speaker 7: mine at home. Well, guess what, that's the same thing
Speaker 7: that happens when you use a debit card versus a
Speaker 7: credit card. Right, every day on the black web, people
Speaker 7: are being victim of identity theft, identity fraud. And what
Speaker 7: happens is is that every day when you go out
Speaker 7: and swipe that debit card, which with every penny that
Speaker 7: you got in that bank account, right, you put it
Speaker 7: at risk to be compromised. Meanwhile, with a credit card,
Speaker 7: you put the bank's money.
Speaker 8: Right.
Speaker 7: Do you think if if fraud happens against American Express,
Speaker 7: do you think they're not going to get it right?
Speaker 7: They gonna go get their money back and do what
Speaker 7: they need to do, or they can take the loss.
Speaker 7: Right ten thousand could potentially set us out of the
Speaker 7: game for a real long time and really im blum
Speaker 7: people's lives if they bank accounts get cleaned out and
Speaker 7: they got to go, you know, sixty sixty days without
Speaker 7: their finances, right, without their actual income, without the money
Speaker 7: that they had in the bank. So that's my goal
Speaker 7: is I just want to educate people and listen. When
Speaker 7: it comes to leveraging credit, right, be mindful of it always, always, always,
Speaker 7: don't go over your over your means, right, meaning if
Speaker 7: I teach you tonight how to go get seventy five thousand, right,
Speaker 7: and you haven't proven yourself. Like if you've got a business,
Speaker 7: so you have a T shirt company and your T
Speaker 7: shirt company been producing five thousand dollars a month, right,
Speaker 7: don't take this credit card and over extend yourself. Okay,
Speaker 7: don't take a credit card and over extend yourself to
Speaker 7: where it's more in debt than what you've been actually making.
Speaker 7: Because you're still going to make five thousand a month.
Speaker 7: So you just have to be mindful of it. Meanwhile,
Speaker 7: let's get into it. So listen banks, right, A lot
Speaker 7: of us are familiar with banks like Navy Federal. Okay,
Speaker 7: a lot of us are familiar with banks like Navy Federal.
Speaker 7: And I tell people all the time, Navy Federal is
Speaker 7: cool because they'll get people with a six eighty six
Speaker 7: sixty building credit with no negative history. They'll give people
Speaker 7: credit cards.
Speaker 5: Right.
Speaker 7: Here goes a backdoor metha for Navy Federal. So blueprint.
Speaker 7: Can I give him a blueprint?
Speaker 8: Can I get him let's as yours.
Speaker 7: I'm gonna give you guys a blueprint to clean your
Speaker 7: credit so we don't got to sit here all night
Speaker 7: and do it. I'm gonna get them a blueprint for
Speaker 7: free to clean your credit and how to clean like
Speaker 7: a twenty four hour transmit you method. The same thing
Speaker 7: I did for the NWD audience, I want to do
Speaker 7: the same thing for you guys. And that way, you
Speaker 7: guys got the blueprint. But now I'm giving you the
Speaker 7: blueprint on what to do after you get your credit together. Okay,
Speaker 7: So when you're building, let's just say you don't have
Speaker 7: a super strong profile, okay, And if you don't have
Speaker 7: a strong profile, what you're gonna do is six sixty
Speaker 7: six eighty. That's no negative derogatory march. You have to
Speaker 7: remove the negative items. So this is if you got
Speaker 7: one hundred percent payment history, you know, two to three
Speaker 7: inquiries at you know you have super strong So you
Speaker 7: may have a year two years history, you'll be okay,
Speaker 7: the Navy Federal at least three or four counts positive
Speaker 7: accounts in your credit report, just in no derogatory marks.
Speaker 7: I'm showing you how to move derogatories. And you want
Speaker 7: to have your credit utilization under nine percent, right, preferably
Speaker 7: if it's at fifteen to twenty on. With Navy Federal,
Speaker 7: you'll be okay, you still get an approval. Okay. So
Speaker 7: it's what we're gonna do with Navy Federal. A lot
Speaker 7: of times they tell us that you can't get a
Speaker 7: Navy Federal unless you're a member of the Armed Services
Speaker 7: or you come from your father was right, Let me
Speaker 7: explain something and do this now because putting it on
Speaker 7: earn your leisure and the videos get one hundred two
Speaker 7: hundred thousand views. I got to act now. So everybody
Speaker 7: that's watching live, y'all got about a twenty four hour window,
Speaker 7: seventy two hours before we might you know, ruin this
Speaker 7: be honest with you guys. But the back door method
Speaker 7: to get a Navy Federal was this. You can literally
Speaker 7: call Navy Federal and tell them, hey, listen, my grandfather
Speaker 7: was in the military. My grandfather was in the military.
Speaker 7: He passed away. I don't have any of his information.
Speaker 7: They'll come back boom boom boom. And when they come back,
Speaker 7: what they'll do is actually let you in. Boom. Now
Speaker 7: you're in. You don't need anybody's references. You don't need
Speaker 7: to be in the military. That's the back door method.
Speaker 7: Now what Navy Federal is infamous forgiving fifteen to twenty
Speaker 7: five thousand dollars in credit cards, right, you can go
Speaker 7: with the Gold Rewards card fifteen to twenty five thousand.
Speaker 7: Now side note, and you know disclaimer. Maybe Federal randomly
Speaker 7: gives people one thousand dollars approves. Okay, you're gonna roll
Speaker 7: the dice, right, So what happens is is that most
Speaker 7: people fifteen to twenty five randomly, you may get a thousand.
Speaker 7: If you get the thousand, call in and ask for
Speaker 7: a reconsideration. If they don't give it to you, just
Speaker 7: maintaining for six months, and then call in and ask
Speaker 7: for an increase, right, and six months when you ask
Speaker 7: for the increase, they'll bump you up dramatically. Okay, so
Speaker 7: don't fit you know, like you lost. If you get
Speaker 7: a thousand dollar incury, I mean a thousand dollars limit,
Speaker 7: you're gonna get bumped up eventually, okay, And that's Navy Federal.
Speaker 7: Most people are familiar with Navy Federal. That's your back
Speaker 7: door method in I'm gonna give you the blueprint to
Speaker 7: clean your credit. Okay. So that's one bank. But what
Speaker 7: people don't know is that some people familiar with Navy Federal,
Speaker 7: but a lot of people don't go out and research
Speaker 7: other banks. Right. People don't know that it's other banks
Speaker 7: out there, like Fidelity, Alliant Credit Union, and First Tech
Speaker 7: Credit Union. Okay, So with Alliant, I'm gonna break it
Speaker 7: down to you. Alliant is another credit union that you
Speaker 7: have to gain access to.
Speaker 5: Well.
Speaker 7: With Alliance. To gain access, they're gonna ask you, hey,
Speaker 7: are you a teacher? Hey? Are you this right? You're
Speaker 7: gonna go no, no, no. They asked you about ten
Speaker 7: different qualifying questions to see if you can get access.
Speaker 7: The last question is gonna ask you, well, are you
Speaker 7: willing to make a donation to a charity of our choice?
Speaker 7: Make a donation that you want to put in Right,
Speaker 7: So I tell people donate five dollars you get access
Speaker 7: to a Lion credit union. Alliant is going to give
Speaker 7: you another bank that does fifteen to twenty five thousand
Speaker 7: that's off of using a Lion Okay. And so what
Speaker 7: I want people to do is get familiar with that
Speaker 7: is because now that's two banks. So if let's just
Speaker 7: say on the loan end, you get fifteen thousand, right,
Speaker 7: this is off this car, you're gonna need your credit
Speaker 7: to be a little bit stronger than Navy Federals is.
Speaker 7: But they're not super strict.
Speaker 5: Okay.
Speaker 7: But then the next one, the next move that we
Speaker 7: have is Fidelity. Okay. So with Fidelity, you have to
Speaker 7: open up a brokerage account. Okay, you open up a
Speaker 7: Fidelity brokerage account, and once you open up the brokerage account,
Speaker 7: you're gonna apply for the Rewards Visa card right away.
Speaker 7: So soon as you go to Fidelity, open up the
Speaker 7: brokerage account, you apply for the go Rewards Visa immediately. Okay.
Speaker 7: But with this understand, you must have at least a
Speaker 7: seven thirty on Experience okay and TransUnion. So you need
Speaker 7: to get a seven to thirty credit score on Experience
Speaker 7: and TransUnion. If you have a seven thirty, they're gonna
Speaker 7: give you another bank that's gonna go fifteen to twenty
Speaker 7: five thousand. And it's not it's based off your score.
Speaker 7: Your credit report doesn't have to be super extensive. I
Speaker 7: have people get approvals eighteen thousand would only about one
Speaker 7: and a half years of age on their credit report.
Speaker 7: So that's another bank, that's Fidelogy. That's three banks that
Speaker 7: you guys can go to that's going to actually give you,
Speaker 7: guys fifteen to twenty five thousand. If you guys shoul
Speaker 7: roll the dice right and do twenty five twenty five
Speaker 7: to twenty five, that's seventy five thousand, right. My point
Speaker 7: is this, though, the key to it is be respectful
Speaker 7: of the credit cards. If you're not super you know
Speaker 7: on it already and you don't know, right, Let me
Speaker 7: to explain something. Credit cards have a three dates on
Speaker 7: a closing on credit cards, right, they have have your
Speaker 7: due date, they have your closing date, and they have
Speaker 7: which is your statement date, and they have your reporting date. Right,
Speaker 7: So understand this is that you have a due date
Speaker 7: that's the date that your credit card is due. Then
Speaker 7: you have your closing date. This is the date that's
Speaker 7: your when your statement closes that statement date. What that
Speaker 7: does is whatever your balance is on your statement date
Speaker 7: when your credit card closes, that's going to report to
Speaker 7: your credit card. Okay, that reports to your credit card.
Speaker 7: Now you have your reporting date. That's the date that
Speaker 7: they actually report to the credit buiers. What we want
Speaker 7: to focus on is the statement closing date. Okay, on
Speaker 7: a statement closing date. What's important about this is this,
Speaker 7: when your credit card closes, that's what's going to report
Speaker 7: on your credit card. If it closes at zero dollars, Oh,
Speaker 7: guess what happens? Your utilization on your credit report shows
Speaker 7: zero dollars. Oh, if you pay your credit card off
Speaker 7: before the building date, I mean before the due date
Speaker 7: and lit it and let it stay at zero throughout
Speaker 7: your closing date, throughout your closing date. What's gonna now
Speaker 7: happen is now you paid your credit card off within
Speaker 7: a thirty day period, so you're not getting really hit
Speaker 7: with a lot of interest, right, and it's reporting that
Speaker 7: zero percent utilization if you keep it there when the
Speaker 7: when the when the actual credit card closes. Okay, man,
Speaker 7: I'm gonna be going on for me. Y'all listen for
Speaker 7: the culture. Y'all gotta understand, right, Coach, you can change
Speaker 7: your building. You can change your due date once a year,
Speaker 7: okay uh with some bank. Some banks lets you do
Speaker 7: it multiple times. So I'm gonna tell y'all this, right,
Speaker 7: I'm just y'all just got to pick up what I'm
Speaker 7: putting down in this Right. If I can change my
Speaker 7: building date in due date, that means that I can
Speaker 7: set my statement and closing date. So if I got
Speaker 7: two credit cards, I'm setting one this way, I'm setting
Speaker 7: one over here. Okay, when I set them apart, now,
Speaker 7: when this one closes, I can use the money from
Speaker 7: here to pay this one. When the money closes, when
Speaker 7: this one closes, I can use the money from here
Speaker 7: to pay this one. Right. The goal is that we
Speaker 7: just have to understand how the bank work. We have
Speaker 7: to study and do our due diligence. A lot of
Speaker 7: us don't actually want, you know, go out and just
Speaker 7: read the fine print or call the banks and ask questions. Right,
Speaker 7: the banks work for us. They're using our money, right,
Speaker 7: they're used. They're literally using our money. That's our bank.
Speaker 7: You can call and ask any question how anything works
Speaker 7: that you want. I don't care how redundant it is,
Speaker 7: I don't care how brazen it is. Call and ask
Speaker 7: the question. All they can do is give you an answer.
Speaker 7: They got to look it up. And if sometimes if
Speaker 7: they give you an answer, call back and ask somebody
Speaker 7: else the same thing with Navy Federal. If they don't
Speaker 7: let you in, hang up and call back and get
Speaker 7: the next rep til you get in. Right. That's the
Speaker 7: same thing that I explain to people about when it
Speaker 7: comes to cleaning your credit. You do not want to
Speaker 7: send in a letter to remove miss spelled names and
Speaker 7: addresses when you can call in and get it removed
Speaker 7: over the phone. We don't want to waste time, you know.
Speaker 7: But the thing is that pick the phone up and
Speaker 7: call and start reading. Right. Everybody gets everybody's probably had
Speaker 7: a credit card, even a bank card, and you get
Speaker 7: the bank card, put your bank card off, and nobody
Speaker 7: goes and reads the fine print on the paperwork that
Speaker 7: they get. Nobody has thoroughly went through and read every
Speaker 7: single page that come with a bank with a debit
Speaker 7: card or a credit card to see the benefits and perks,
Speaker 7: to really dissect it and grow from it. So I
Speaker 7: gave you guys three credit cards to go apply for
Speaker 7: that can give you fifteen to twenty five thousand, and
Speaker 7: I slick just told you guys how to hide your
Speaker 7: credit utilization. I don't want to go too hard because
Speaker 7: there all night and you know, it's just so much
Speaker 7: as possible. And let me explain something business credit. Right,
Speaker 7: business credit you can get when you build your credit
Speaker 7: report up. I'm gonna run something down to you. Right,
Speaker 7: is that when it comes to credit and business credit,
Speaker 7: a lot of times people go out and think that
Speaker 7: they get a business credit card and they get a
Speaker 7: business credit card of five ten thousand. Right, let me
Speaker 7: explain to you why you got that limit. Right, You
Speaker 7: got that limit because your personal credit wasn't built out properly.
Speaker 5: Right.
Speaker 7: If you learn business credit, you can go out and
Speaker 7: get three three times the amount of your largest credit card. Right,
Speaker 7: So I tell people this, never go get a secure
Speaker 7: credit card because you don't want those little limits. Never,
Speaker 7: you know, when you build and get a secured loan instead,
Speaker 7: when you're building your credit report out. But once you
Speaker 7: go out and acquire credit cards, grow your credit cards
Speaker 7: for like six months to a year, every six months
Speaker 7: asking for an increase. When you go to get business credit,
Speaker 7: you can start up a new business and go get
Speaker 7: business credit, and it'll be based off of your personal
Speaker 7: credit report. So if you have large lines of credit
Speaker 7: on your personal credit report, guess what happens Now you
Speaker 7: get larger lines of business credit. That are going in
Speaker 7: there and saying, oh, yeah, I got this five hundred
Speaker 7: dollars secure credit card on my credit report and these
Speaker 7: thousand dollars limits. No, I want you guys to go
Speaker 7: out use the base that I just told you. Go,
Speaker 7: I'll get twenty five thousand dollars limits. Now after you
Speaker 7: let those seasons for a year and properly structure your report.
Speaker 7: Once that report is structured properly, you go out and
Speaker 7: you see why my mentees are able to get seventy
Speaker 7: five thousand right, be able to get seventy five thousand
Speaker 7: dollars business credit cards one hundred thousand dollar business credit cards,
Speaker 7: and people go, well, how do you get it? The
Speaker 7: issue is nobody has the patience to build. Everybody wants
Speaker 7: something overnight. We want to microwave success. Right, You've been
Speaker 7: working twenty years making thirty thousand a year, but when
Speaker 7: it comes to credit, you wanted to give you three
Speaker 7: hundred thousand today. But your job and what you work
Speaker 7: for hasn't delivered that. Right. You have to have patients
Speaker 7: build your credit report out, properly, structure it properly, right,
Speaker 7: let it grow, give it some time. Don't expect it
Speaker 7: to get I'm giving you guys gyms that you can
Speaker 7: go and implement now for personal side. But when it
Speaker 7: comes to business, it's a little more of a process
Speaker 7: because you have to build your report out and you
Speaker 7: want to let those credit cards season right, and you
Speaker 7: don't want to get you you're gonna get automatic denials
Speaker 7: if you start applying for credit within a six months
Speaker 7: of applying, you get more denials when you've got new
Speaker 7: accounts in the last six months. So build that report
Speaker 7: out right. Let that report build out. Once you let
Speaker 7: that report build out, then you guys start looking at
Speaker 7: business credit and now you get larger limits. But take
Speaker 7: your time. It's not a rushing don't rush and think
Speaker 7: that hey I need to go get this. I'm gonna
Speaker 7: get this tomorrow. Hey it might be a year process,
Speaker 7: but in a year process, you want to go from
Speaker 7: getting twenty five thousand dollars in business credit or getting
Speaker 7: one hundred and twenty five thousand two hundred and twenty
Speaker 7: five thousand in business credit. That makes the difference. So
Speaker 7: that's my lesson for the night. I gave you got
Speaker 7: a street credit cards. I told you how to hire utilization,
Speaker 7: and really you just want to build that report out,
Speaker 7: and then I know we're gonna take the queuing. Ain't
Speaker 7: That's gonna get me deeper into some more topics.
Speaker 5: Yeah, first and foremost, thank you for that.
Speaker 4: Man.
Speaker 5: That was a lot to tell you to do this dangerous.
Speaker 4: Man, he's the most most dangerous. It's probably the most dangerous.
Speaker 4: It's top two, maybe.
Speaker 8: Not Yeah, I told you, bro, I told you top too,
Speaker 8: maybe not too.
Speaker 5: Yo, Yeah, to most most dangerous people on the internet.
Speaker 7: Ya. Man, if they come for me, man, y'all better
Speaker 7: protect me. I'm telling y'all, so y'all better ride for me, right,
Speaker 7: this is yo. They come for me.
Speaker 8: When dudes get a locked you think they call it
Speaker 8: for Bill Man, they calling us.
Speaker 4: Yeah, we go, We're gonna, We're gonna, we're gonna, we're
Speaker 4: gonna go on the question answer.
Speaker 5: Wait.
Speaker 4: Wait, but before we do that, everybody on YouTube, if
Speaker 4: you can hit the light button that that greatly helps
Speaker 4: the situation. So there's almost forty five hundred people on
Speaker 4: your told you markets man, it's just a big, big,
Speaker 4: big show, a big show. It's gonna it's gonna after
Speaker 4: week it's gonna be like sixty thousand people that see
Speaker 4: this video.
Speaker 5: Man. Yeah, it's a lot e y L Man.
Speaker 4: Ey L is a you know, it's a prestigious situation,
Speaker 4: and oh my gosh, Marcus Marcus, Marcus always delivers. He's
Speaker 4: one of these people we never got to worry about.
Speaker 4: So we're gonna go right now is question answers. So
Speaker 4: once again, if anybody wasn't here at the beginning of
Speaker 4: the situation, this is a preview of ey L University.
Speaker 5: We do this once a month. We call it open enrollment.
Speaker 5: Every every week.
Speaker 4: We have classes, we have one hundred past webinars, and
Speaker 4: we have a movie club, we have a book club,
Speaker 4: we have a private investment group on Facebook MG the
Speaker 4: mortgage Guys home Buyers Blueprint is included. Yeah, and what
Speaker 4: we also included yesterday was access to our group chat.
Speaker 4: Once a month, we're gonna be doing group chat called Investments.
Speaker 4: We're going to talk about our option plays that we
Speaker 4: make in our stock plays, all of that. So this
Speaker 4: is to show you exactly what's going on. Seventy five
Speaker 4: percent off of Eyo University is the current discount that
Speaker 4: we're running, which is five hundred dollars total for the
Speaker 4: entire year. And that link is penned and then also
Speaker 4: also for him five hundred, I know everybody follows him
Speaker 4: and that they're pretty you know, well versed on what
Speaker 4: recession proof of if you're not familiar, recession proofs his
Speaker 4: community where he actually he talked about his mentees, that's
Speaker 4: what he's talking about, his mentees where he actually has
Speaker 4: like you know, these kind of calls, but and more
Speaker 4: in depth and videos and all of that, and then
Speaker 4: they go on trips and it's a whole it's a
Speaker 4: whole process. And when he came on the episode, if
Speaker 4: you know we did that five hundred dollars off for
Speaker 4: ey L, that website is our he asks e y
Speaker 4: L dot com And that's a special discount that it's
Speaker 4: the cheapest place that you can get his program is
Speaker 4: on is on that site. In conjunction with that, so
Speaker 4: thank you for that. I'm to put that in the
Speaker 4: group chat also. But let's get the questions.
Speaker 5: This this is another this.
Speaker 4: Is like, this is what really separates EYO University from
Speaker 4: just a regular podcast because you get to actually ask questions.
Speaker 3: So there might have been something that we forgot to
Speaker 3: ask that they like yo, y'all should have asked that.
Speaker 3: So now now it's stay turned.
Speaker 5: Yeah, lets let's let's get it.
Speaker 3: Yeah, let's see eat and were coming to you mut yourself.
Speaker 3: You've been unmuted and now this works. No fridge breaks.
Speaker 3: It's not the time for that.
Speaker 7: Mm hm.
Speaker 9: And how y'all doing. Appreciate you guys, thanks for uh
Speaker 9: for doing this. This is incredible. Although all right, Marcus,
Speaker 9: that a quick question. How can we get credit for
Speaker 9: purchase at home?
Speaker 8: Is that possible?
Speaker 5: So for the down payment?
Speaker 9: That is, so if you're going out to purchase at home, uh,
Speaker 9: and you don't want to put on put your own
Speaker 9: cash for your for the down payment.
Speaker 7: Okay, you about to go off question listen, uh man,
Speaker 7: y'all'll build them. So one of the things that you
Speaker 7: can't use a credit card to make a down payment,
Speaker 7: right because they look at your credit report to check
Speaker 7: if that's the income racials and they want your balance
Speaker 7: as low. But what happens is, you know, if you look,
Speaker 7: if you literally if if your utilization doesn't show, they
Speaker 7: can't see, right. So if you understood what I just said,
Speaker 7: like about literally your utilization with your credit cards with
Speaker 7: switching them, if they can't see it, then they then
Speaker 7: it's zero right or five percent? So the goal is
Speaker 7: to make it to where they can't see it. So
Speaker 7: you want to pull the money off of one credit card.
Speaker 7: So if you got two credit cards for twenty five thousand,
Speaker 7: you're gonna take twenty five thousand off of one, and
Speaker 7: when it's due, you're going to pay it back, right,
Speaker 7: and then you're going to circulate it. When this one
Speaker 7: is due, you're going to pay it back. So now
Speaker 7: it's showing at zero, so both of them are reporting
Speaker 7: at zero. They can't even tell that the.
Speaker 10: Money is gone.
Speaker 7: So that's literally that's one of the things that you
Speaker 7: can do when it comes to pulling the money off
Speaker 7: I mean when it comes to buying a house using
Speaker 7: a credit card, is that you're gonna be able to
Speaker 7: pull it that way. Just make sure that your utilization
Speaker 7: doesn't show. So just watch your credit card, see when
Speaker 7: it reports your utilization and know that, okay, it's reporting
Speaker 7: on my actual closing date. And then I'm know, okay,
Speaker 7: here it needs to be at zero this state, and
Speaker 7: then it needs to be at zero on this state.
Speaker 7: Now they can't see it. So you took twenty five
Speaker 7: thousand off and good to go.
Speaker 5: Appreciate that.
Speaker 8: He appreciate that let's go, Steve, you've been on muted.
Speaker 8: Immute yourself.
Speaker 5: You hear me, Yeah, we hear you, Steve.
Speaker 8: What's going on, bro?
Speaker 7: Thank you guys for everything. I'm a big fan. Let
Speaker 7: me get straight through it. So Marcus, I was at
Speaker 7: the gym.
Speaker 8: I back.
Speaker 7: So this is this question from my guy.
Speaker 11: He's getting his car, his car repulled because he just
Speaker 11: purchased and got tired of paying the He got ripped
Speaker 11: off because he was in a bad situation. Now I
Speaker 11: read that if you voluntary repossess your own car, the
Speaker 11: only thing that happens is that you still get hit
Speaker 11: with TEMP one hundred points to your credit score. Now
Speaker 11: to fix that hundred point decrease, would you wait till
Speaker 11: it hits or would you go ahead and.
Speaker 7: Block the credit used to see it? And if I'm
Speaker 7: making us up there, no, So the volunteer involunteer report,
Speaker 7: it's going to show up on his credit for as
Speaker 7: a repot, and it's not a certain it's not a
Speaker 7: certain points that it goes down. It'll be based strictly
Speaker 7: off of his credit profile and how it's built, so
Speaker 7: it's not a certain amount of points. But hey, it's
Speaker 7: gonna drop a hundred points, right, And that's not that's
Speaker 7: not true. What's gonna happen is is that he's going
Speaker 7: to get a repossession on his credit report and then
Speaker 7: he has to deal with that. So it's no way
Speaker 7: to block it. He can, you know, fight it, but
Speaker 7: with it being so fresh and so new, with it
Speaker 7: being fresh like that, I don't think I wouldn't get
Speaker 7: a car back and take the repot just because I
Speaker 7: know the damage is that it's gonna do to my credit. Uh,
Speaker 7: but it's not a hundred points that he's gonna lose.
Speaker 7: He's going to have a repossessed in his credit report,
Speaker 7: and whatever you know happens is gonna happen. So however
Speaker 7: much damage it takes, he could take a two hundred point,
Speaker 7: it could take a thirty point, I don't know, but
Speaker 7: he's gonna get crushed, especially if he's already missing payments.
Speaker 7: He's getting crushed as well.
Speaker 11: So can you use your method to fix it once
Speaker 11: it hits his credit?
Speaker 7: For he can, but I don't tell people. I'm more
Speaker 7: so if you already got the negative items on there,
Speaker 7: then fight them and we can, you know, try to
Speaker 7: remedy the report. But I'm not one that's going to
Speaker 7: ever tell you, hey, you have a little repossession, hits
Speaker 7: your credit, because it's possible you can fight and get
Speaker 7: it removed. Sometimes it takes a year to get things
Speaker 7: removed off your credit. Sometimes it takes two. Sometimes it
Speaker 7: don't come off and you gotta pay it. So it's
Speaker 7: not oh yeah, guaranteed things are gonna come off. That's
Speaker 7: never the case. He can, he can try to remedy it,
Speaker 7: but it's never the case that it's going to come off,
Speaker 7: and especially all three credit bureaus.
Speaker 8: Thank you, Steve, appreciate that. Appreciate that.
Speaker 3: Don't repoll that vehicle, don't get your don't get your car. Mac,
Speaker 3: We're coming to you. I haven't seen my boy in
Speaker 3: a minute. Mcatize we coming to you. I'm mute yourself.
Speaker 3: You've been unmuted.
Speaker 8: What's going on?
Speaker 12: What's going on?
Speaker 8: Guys?
Speaker 7: Thank you for everything else I'm doing for the community. Yes,
Speaker 7: that I have from Marcus.
Speaker 11: Is it a good idea if you pay your credit
Speaker 11: card and not use it or you have to keep
Speaker 11: using it, if you like, pay it off and then
Speaker 11: don't use it, So.
Speaker 4: Like, yeah, that's a good question. So like if you
Speaker 4: have a credit card Marcus, and it has a zero
Speaker 4: balance because you're just not using it at all. Will
Speaker 4: that hurt your credit or should you use every credit
Speaker 4: card that you have?
Speaker 7: Like, no matter what, you're gonna want to balance it right? Well, see,
Speaker 7: I teach I teach people how to get fifteen credit
Speaker 7: card with five inquiries, So I teach people how to
Speaker 7: balance and kind of rotate it. Because what's going to
Speaker 7: happen is you always want to use your credit cards, right,
Speaker 7: It's no reason that you shouldn't. So to answer your question,
Speaker 7: use it right one hundred percent. If you don't, you know,
Speaker 7: put every expense that you can on your credit cards, right,
Speaker 7: not only for the reward points, but to increase the limits.
Speaker 7: Right now, if you don't have a business, you're not
Speaker 7: looking at invest in anything, just put all your personal
Speaker 7: expenses on your credit card. Once you start putting all
Speaker 7: your personal expense on your credit card, your credit card
Speaker 7: limit grows, right. So then whenever you get in time
Speaker 7: of a need or you actually need to go on
Speaker 7: and you need a resource, you have it and it's larger. Right.
Speaker 7: The worst case, you want to sit on a ten
Speaker 7: thousand dollars credit card, and since you're not using it
Speaker 7: to bank shrinks and go, oh, well, since you don't
Speaker 7: need it, we won't shrink your limit down in three thousand.
Speaker 7: So you always want to use it and increase the
Speaker 7: limits and just put all your personal bills on it
Speaker 7: and really just grow it like that. If if you
Speaker 7: got charge cards which are based off of like your
Speaker 7: American Express Platinum, those are based off of your spending habits.
Speaker 7: So if you're trying to grow that limit and you
Speaker 7: don't have a business like things, I did was, man,
Speaker 7: here you go. So I started doing working with business owners, right,
Speaker 7: So if you got good credit, a lot of times
Speaker 7: people who own businesses deal with a lot of cash.
Speaker 7: And one of my guys worked in for a watch store, right,
Speaker 7: And he worked for a watch store, and he explained
Speaker 7: to me, hey, listen, a lot of times when we
Speaker 7: buy these luxury watches back, we buy him underpriced. And
Speaker 7: since we became underpriced, we probably got a mark up
Speaker 7: of about three thousand, right. So what I did was
Speaker 7: I said, well, if you can do a three dollar
Speaker 7: mark up, can we split it? He was like yeah,
Speaker 7: So we did the first watch it like it probably
Speaker 7: was twelve thousand. I spid my car for got to watch.
Speaker 7: He was like, I can have a resold within a week.
Speaker 7: He'd been in the industry for forever, so he resold
Speaker 7: it in a week. We made three thousand dollars. But
Speaker 7: what happened was I just got a twelve thousand dollars
Speaker 7: spin on my credit card, also got the reward points
Speaker 7: and made fifteen hundred dollars. Over time we built that relationship.
Speaker 7: I end up letting him just hold one to I
Speaker 7: added him as an authorized user to my Platinum and
Speaker 7: let him hold a car. He helped me grow to
Speaker 7: my limit to where now I got a limit on
Speaker 7: my Platinum two hundred and fifty thousand. Because he was
Speaker 7: constantly spentding twenty thousand, forty thousand, seven thousand, six thousand
Speaker 7: on watches, plus my expenditures, we grew the limit. So
Speaker 7: I tell a lot of times people say, never you
Speaker 7: want to figure out some kind of creative way to
Speaker 7: use it.
Speaker 8: It made. This episode is brought to you by P
Speaker 8: and C Bank.
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Speaker 7: Could be not working with business owners. I have another
Speaker 7: friend that has a restaurant and they do their food
Speaker 7: costs off off of my Green American Express charge card
Speaker 7: and they just buy food every single week for their restaurant. Well,
Speaker 7: they helped my limit grow. So just be creative with
Speaker 7: the way that we use it. That sometimes you may
Speaker 7: be the one with good credit, but you have a
Speaker 7: family member who's cash heavy and they just deal with cash,
Speaker 7: and a credit card will make their life a lot easier,
Speaker 7: and them making your life easier helps your limits grow.
Speaker 7: And now you turn around and you go, I'm three
Speaker 7: hundred thousand up. You know what I mean, Like I
Speaker 7: got a realistically, I got like a half a million
Speaker 7: on charge cards just from these two. You know, it's
Speaker 7: just being creative and applying it. So my answer is, no,
Speaker 7: don't ever just let it sit dormant. They'll shut your
Speaker 7: account down after a while, they'll decrease your limits. So
Speaker 7: just you know, be mindful, always want to use it
Speaker 7: and grow those limits because we need, especially if we're
Speaker 7: not cash heavy, we want to have something.
Speaker 3: To fall back on, so Marcus, when they close it
Speaker 3: does it negatively affects your credit score?
Speaker 8: Correct?
Speaker 7: It negatively affects your credit score because you lose a
Speaker 7: positive account. So just like when you pay your car
Speaker 7: off and your credit score drops, well because you closed
Speaker 7: and lost one of your positive accounts, because the number
Speaker 7: of accounts and your credit report drastically impacts your credit.
Speaker 7: So when you lose that account, it drops your score.
Speaker 5: Let me ask you this before we go to another card.
Speaker 8: Can you appreciate you Matt?
Speaker 4: Can you talk about business credit like that's a big
Speaker 4: thing for people. I don't think people fully understand, Like
Speaker 4: can you just talk about that for a couple of minutes?
Speaker 4: Is like how to establish business credit? I know it
Speaker 4: is different from like establishing personal credit.
Speaker 7: I'm not the super business credit guy. I'm the more
Speaker 7: so your personal what we do with the personal getting
Speaker 7: into the business. I tell people to establishing just on
Speaker 7: the surface. I'm not going to go too deep because
Speaker 7: I don't want to start the business credit questions, but
Speaker 7: just always make sure everything is set up properly. Make
Speaker 7: sure when you go out and you set you the
Speaker 7: things you want to do is have a one eight
Speaker 7: hundred number right, have a physical office address, make sure
Speaker 7: that matches. Get that before you set your LLC up.
Speaker 7: When you set your LLC up, your LLC shouldn't say
Speaker 7: you know your home address, your personal cell phone number,
Speaker 7: your personal email address, right. And that's the things that
Speaker 7: you kind of want to be mindful of because a
Speaker 7: lot of times, you know, you go to register your business,
Speaker 7: you go for business funded and your email on your
Speaker 7: on the Secretary of State is uh Poppy Tulo six
Speaker 7: ninety six nine at gmail dot com. It's like, yo, yo,
Speaker 7: how serious is this guy?
Speaker 8: Right?
Speaker 7: Versus Marcus Borney at him five hundred dot com. It's
Speaker 7: a big difference when you're looking at it and you
Speaker 7: got underwrite and evaluating your business and how serious you
Speaker 7: take it when you actually have a one eight hundred
Speaker 7: number right that is listed on your application, and it's
Speaker 7: listed on your Secretary of State. It's all in conjunction.
Speaker 7: So those things to be mindful of when you're setting
Speaker 7: up your business.
Speaker 4: Yeah, that's one thing that we learned with our business
Speaker 4: credit too, is that you definitely got to have a
Speaker 4: separate number. And the address is important, but it could
Speaker 4: be a virtual address, and it could be a virtual number,
Speaker 4: Google number. But that's something that definitely had to learn
Speaker 4: the hard way.
Speaker 5: We're not the hardway, we just learned it.
Speaker 3: In addition to we talked about having authorized users. Everybody
Speaker 3: knows I talk about how I was an authorized user
Speaker 3: since ninety eighty five of American Express. When we had
Speaker 3: to apply for a business credit card, my history with
Speaker 3: them is so long that we automatically jumped to a
Speaker 3: six fit of limit. It was like, oh, this is great,
Speaker 3: but that was because we had handled it respectfully throughout
Speaker 3: what my parents handled respectfully, then when I had the card,
Speaker 3: I handled it respectfully. So make sure that your personal
Speaker 3: credit is in line too when you when you're trying
Speaker 3: to get a business credit as well.
Speaker 4: Yeah, and that's something that it's like, you know, one
Speaker 4: of these things where and this is you know, the
Speaker 4: beauty of the platform and people like Marcus and just
Speaker 4: a whole bunch of other people online. It was like
Speaker 4: all of this stuff's trial and error for the most part,
Speaker 4: because you know, there's really they don't teach it in school,
Speaker 4: even in college, they're not really teaching it. So it's like,
Speaker 4: you know, when we had miss business on talking about
Speaker 4: how to buy a car, your business name. She talked
Speaker 4: about the gas car, the gas card. That's something I
Speaker 4: just learned.
Speaker 8: We got to get it.
Speaker 4: And some people was in a comments like you don't
Speaker 4: know about the gas car. I'm like, no, I didn't
Speaker 4: know about the gas card. Didn't I'm sorry. I know
Speaker 4: nobody taught me that, Like you know what I'm saying,
Speaker 4: Like I'm still learning. I never act like I know
Speaker 4: every single thing. But you know, this is so much
Speaker 4: information as far as credit and and you know, just
Speaker 4: like you said, personal credit and business credit to completely
Speaker 4: different things. Cars and you know, spending limits and all
Speaker 4: of this stuff. Is like how are you supposed to
Speaker 4: learn it? Like you know what I'm saying.
Speaker 3: Even when he told us, he was like, yo, don't
Speaker 3: don't use your depicut anymore. Every since that moment, since
Speaker 3: you came to the crib and we talked about that,
Speaker 3: everything's been credit. It was like, wait, that makes too
Speaker 3: much sense, Like this makes too much sense. So I said,
Speaker 3: we don't. We're not ashamed to say, like, yo, we're learning.
Speaker 4: I hate the people that's always looking down on somebody like,
Speaker 4: oh you didn't know that. If we knew everything, we
Speaker 4: wouldn't have We wouldn't have these conversations.
Speaker 5: That's the whole point, you know.
Speaker 7: You know what's crazy is that even with credit, right,
Speaker 7: is that I don't know everything right. Shout out to
Speaker 7: my uh my boy Chris uh. He dropped jewels on
Speaker 7: me and we exchanged like banks in different information. I
Speaker 7: explained some of these to him. He gave me finality,
Speaker 7: like it's like, yo, I don't, I can't. I don't
Speaker 7: know everything. People would think that, you know, hey, this
Speaker 7: is your expertise, you should know everything. It's like, no, listen,
Speaker 7: you know how many banks it is out here, right,
Speaker 7: I can't have a relationship with every bank. Can't know everything.
Speaker 7: But I'm fluent, and I learned from trial and error.
Speaker 7: I learned from business going bankrupt. Right, Like I had
Speaker 7: a Boost Mobile store. We got into the franchise game,
Speaker 7: bad decision, bad location, didn't know how to evaluate it, crush,
Speaker 7: lose every loss, all the income. And that's what made
Speaker 7: me start looking in the credit. That's what made me
Speaker 7: start going, well, I need something to fall back on.
Speaker 7: I need somebody I can rely on so I can actually,
Speaker 7: you know, have somebody to ask because I can't ask
Speaker 7: anybody for money, you know what I mean? So that's
Speaker 7: that's one of the things. But exactly what you said
Speaker 7: is that, look, man, we don't know everything. Nobody can
Speaker 7: possibly know everything. It's just we know what works, we
Speaker 7: know how to get to the That's that's it. And
Speaker 7: a lot of times, like what I'm saying today is this,
Speaker 7: I'm giving you guys things that are actually things that
Speaker 7: you can implement now.
Speaker 8: You know what I mean.
Speaker 7: This is stuff you can implement now and take action on.
Speaker 5: Let's get a couple couple more questions.
Speaker 8: Yeah, Helena, were coming to you. Unmute yourself, You've been unmuted.
Speaker 8: What's going on?
Speaker 3: Hi?
Speaker 10: I'm good, Thank you guys.
Speaker 13: My first time raising my hands and I got picked you.
Speaker 7: So here's my question. It's a personal question for personal credit.
Speaker 13: If you have how is any hacks.
Speaker 7: To increase your credit?
Speaker 13: If you have like to you don't have any increase
Speaker 13: nothing on me and nothing negative, just high limits that's
Speaker 13: already maxed out.
Speaker 7: Is any hacks you to do to like.
Speaker 5: Increase your credit while you're trying to play it down?
Speaker 7: I mean, okay, yes, Well it's it's situational, right, because
Speaker 7: are you trying to go acquire new credit or what
Speaker 7: are you trying to go acquire Helena, I want to.
Speaker 7: I want to preach it the home. When I'm trying
Speaker 7: to I'm trying to purchase the whole someone to purchase
Speaker 7: a home.
Speaker 5: And that's the reason why I'm trying to get my
Speaker 5: credit up. Okay, if your credit your credit score up
Speaker 5: or your credit like.
Speaker 7: Not your credit score score, credit score, her credit score
Speaker 7: is down because of utilization correct.
Speaker 8: Correct?
Speaker 5: Yeah, so.
Speaker 7: If you maxed all the way out on those cars,
Speaker 7: they're still going to judge you off of it. Uh
Speaker 7: So to go buy a home, you have to get
Speaker 7: those there, right. Is there other ways if you were
Speaker 7: trying to do other things that you can build the credit. Yes,
Speaker 7: you can add authorized users to help offset it, to
Speaker 7: just make it look pretty because it'll fix your utilization rate.
Speaker 7: But when you go to underwrite and you're gonna see
Speaker 7: that your cards are still maxed out, so it's not
Speaker 7: going to really help you. It would just help your
Speaker 7: score go up, but it's not going to be act
Speaker 7: something that's really tangible that you're gonna be able to
Speaker 7: go to the bank and say, hey, let me pick
Speaker 7: this money up. Right, And so that's that's the things
Speaker 7: that with your utilization being there, You're gonna have to
Speaker 7: get that utilization there. So what you want to work
Speaker 7: on is at least trying to get you know, getting
Speaker 7: it down a fifty percent on each one and then
Speaker 7: swap it and then try to hide it.
Speaker 4: Him five hundred. We got five thousand people on YouTube
Speaker 4: right now, the Big boss Man five, the number five.
Speaker 4: Appreciate you, Heleima hit the like button please YouTube, no problem,
Speaker 4: thank you. But Shanda were coming to you. Umute yourself.
Speaker 4: You've been unmuted. What's going on?
Speaker 12: Good evening, Good evening. I kind of came in and
Speaker 12: the baking a conversation. So my question is it's like
Speaker 12: a personal question for personal credit. My credit scores that
Speaker 12: is at about like seventeen fifty seven sixty As far
Speaker 12: as my credit profile, all I have on it is
Speaker 12: an oldo known I have moved food and day and
Speaker 12: I have one credit code. So I came in while
Speaker 12: you was kind of talking about Navy, Federal and Fidelity
Speaker 12: and stuff like they. So what is today I should
Speaker 12: do to go and get like a for the limit
Speaker 12: that's up there because I need to.
Speaker 7: No, Yeah, what what you're gonna want to do is
Speaker 7: I don't know, if y'all want me to go back
Speaker 7: through that or catch the.
Speaker 5: You could just kind of get like a quick like
Speaker 5: a quick sonarioyah.
Speaker 7: Just the gist of what it is that you say
Speaker 7: replay to be more in detail, but with your score
Speaker 7: being where it's at, you don't have a lot of inquiries.
Speaker 7: Is that you got three different banks that will give
Speaker 7: you fifteen to twenty five k okay, And so when
Speaker 7: you go in and get it, is that maybe Federal
Speaker 7: you're gonna call in and say, hey, listen, I was
Speaker 7: in the military. I mean, my grandfather was in the
Speaker 7: military and he's not, you know, with us anymore, and
Speaker 7: fourteen passed away, uh, and I don't have any of
Speaker 7: his information. No grant you access. A Lion is another
Speaker 7: one that you're going to. You're going to go through
Speaker 7: their application, make a when you go through the application process,
Speaker 7: you're going to actually through a donation five dollars donation
Speaker 7: to get membership into their credit union. And the next
Speaker 7: one is Fidelity Bank. You're going to actually make a
Speaker 7: brokerage account. But once you make the brokerage account, you
Speaker 7: have to immediately apply. So don't make the brokerage account
Speaker 7: and let its sit make the brokerage account, right, and
Speaker 7: once you make the brokerage account, you're going to go
Speaker 7: for the rewards visa card, okay, or for the reward
Speaker 7: visa cards. You want to put your income when you
Speaker 7: do it. Put your income at one hundred and fifty thousand, right,
Speaker 7: and you either pay two thousand or zero a monthly
Speaker 7: on living expenses and that's what will gets you. So
Speaker 7: put one hundred and fifty k as your income on there,
Speaker 7: and your living expenses is between is two thousand or
Speaker 7: you put zero, and that's what's going to kick you
Speaker 7: your large limit, especially if you got over a seven
Speaker 7: thirty credit score.
Speaker 4: And watch the check out the replay when you get
Speaker 4: a chance, because he spoke about a little bit more
Speaker 4: in depth at the beginning. But yeah, that was that
Speaker 4: was a good synopsis. And you know, it's crazy. I
Speaker 4: just thought about, you know, a lot of the stuff
Speaker 4: is it all plays together. So we talk about Fidelity
Speaker 4: brokerage account and you know market Mondays and we talk
Speaker 4: about we talk about stocks all the time and all
Speaker 4: of that. So now this is a play where you
Speaker 4: can actually combine the credit play with the investment play.
Speaker 4: You go in to Fidelity to set up a brokerage account,
Speaker 4: to buy stocks, to set up your IRA, to trade options,
Speaker 4: whatever you're want to do. So now at the same
Speaker 4: time you can actually, you know, do the credit play.
Speaker 4: And now you can you you know, combine the stock
Speaker 4: play the investment play with the credit play.
Speaker 7: Yeah, and I seen somebody in chat say, you know,
Speaker 7: with Navy Federal, you can be a family member, uh them,
Speaker 7: you have to be son, a direct family member me
Speaker 7: and son or daughter. And also or you can be
Speaker 7: a roommate with somebody who's in Navy Federal and use
Speaker 7: their access number and get and get granted access. The
Speaker 7: issue is if you do something, if the person you
Speaker 7: give access to does something to the go max out
Speaker 7: credit cards and do something crazy, it reflects on you
Speaker 7: and then the person who gave their access number can
Speaker 7: now guess what, Now they can get their account shut down.
Speaker 7: So that's why give my access number to anybody. I
Speaker 7: just give people a method they can get in on
Speaker 7: their own, meaning whatever you do is your personal business.
Speaker 7: It's not attached to me, So be mindful that. Yes,
Speaker 7: it's other ways, but I'd rather people get in completely
Speaker 7: on their own and stand on their own two feet
Speaker 7: then be standing on my shoulders, and what you do
Speaker 7: comes back on me. So be mindful. When you think
Speaker 7: you're given access to people you're charging, and they go
Speaker 7: in and they use a CPN number and they get
Speaker 7: a credit card or something and they run off, then
Speaker 7: your account get shut down with theirs.
Speaker 3: It ain't all good, Krista. Safety first, we're coming to you, Krista.
Speaker 3: Mute yourself. You've been muted.
Speaker 7: Yeah, it's some things you know. I'm not going If
Speaker 7: you guys, tune in and check out the ey L episode,
Speaker 7: A lot of stuff and tactics I ever on turning
Speaker 7: credit to cash.
Speaker 5: Today.
Speaker 7: We teach you how to go get the cash, and
Speaker 7: when you go back and watch the ey L episode,
Speaker 7: you're gonna see exactly how to apply it and get
Speaker 7: busy from there. So just check it out back on YouTube.
Speaker 4: If you haven't watched that Leasion episode, you're doing yourself
Speaker 4: with tremendous disservice.
Speaker 8: Potentially the biggest episode. So what's up?
Speaker 7: Hi?
Speaker 14: How are you guys?
Speaker 5: Good?
Speaker 8: Great?
Speaker 12: How are you? I am great?
Speaker 15: And even better that you guys called on me.
Speaker 8: Where you're from Baltimore? Shout out to be more?
Speaker 5: Thank you, thank you.
Speaker 7: So I'm him five hundred. I have a question.
Speaker 15: So I have a capital of what is it called
Speaker 15: a charge off? And it will not leave for the
Speaker 15: life of me. And I was wondering if you had
Speaker 15: any tips on getting it removed. I've already followed your
Speaker 15: instructions for like the secondary bureaus, but it's still like
Speaker 15: not going anywhere. And it's with the original doctor deptur
Speaker 15: So that's probably why. But I just wanted to get
Speaker 15: your take on it.
Speaker 7: You got credit karma, yeslock into your credit carmer.
Speaker 8: As she locks in, I'm in.
Speaker 7: Okay, you in.
Speaker 1: Yes.
Speaker 7: Go to your accounts. Go to your your view your
Speaker 7: whole credit report. Okay. Go to the negative account.
Speaker 15: You mean the closed accounts.
Speaker 7: Go to that negative account that you want to remove.
Speaker 7: I want to remove, okay, TRANSI go to the account
Speaker 7: you want to, Go to the accounts tab and select
Speaker 7: the negative item.
Speaker 16: M hm.
Speaker 7: Okay. You see where it says dispute on the bottom. Yep,
Speaker 7: put that in. Go to dispute.
Speaker 12: Mm hmm.
Speaker 7: Once you go to dispute, now you should be on
Speaker 7: the deletion screen. Don't put anything for ownership go down right,
Speaker 7: and then it's gonna say don't put anything for ownership.
Speaker 7: Don't select any ownership. So the ownership is gonna be
Speaker 7: the first little block. Who's gonna ask you to pick.
Speaker 7: It's gonna give you a lineup of a few different
Speaker 7: things you're gonna put. Don't put nothing there, go down
Speaker 7: below it, right and put this count is in is
Speaker 7: involved in litigation?
Speaker 13: Go down?
Speaker 8: Oh an additional comment.
Speaker 7: Now above additional comments. It's like the one above it
Speaker 7: said is involved in litigations. Yep, all right, now additional comments,
Speaker 7: mm hmm. I want you to put I have not
Speaker 7: supplied proof.
Speaker 8: Yeah, this is greazy ya.
Speaker 5: University man, that's crazy billion dollars worth of game.
Speaker 8: You know, A K A him, not them.
Speaker 7: Yo, listen we we were going there. Listen you there
Speaker 7: out here, I have not supplied first.
Speaker 17: Under the doctrine of a stop by silence, a stopple
Speaker 17: by silence, So proof under the doctrine uh huh of
Speaker 17: a stopper.
Speaker 16: Of a stopple E s e O P P E
Speaker 16: l A S t O P p A l E
Speaker 16: S t oh e s t okay by silence.
Speaker 7: Comma ingle heart right, but I'm a spelling for you
Speaker 7: E N G E L H A R D T
Speaker 7: and then V period FORC versus raven g R A
Speaker 7: V E N S in parentheses m O two eighty
Speaker 7: one separates space boar capital s W seven one five
Speaker 7: comma seven one nine comma and then put I presume
Speaker 7: that no proof of the alleged debt comma, nor therefore
Speaker 7: any such debt comma you with me. I presume that
Speaker 7: no proof of the alleged debt comma. Mm hmm, therefore
Speaker 7: any such debt comma in fact exists.
Speaker 5: Period.
Speaker 7: All right, Now go submit. If it doesn't say the
Speaker 7: copy that copy that copy the comment section that you
Speaker 7: just typed out, yep, copy that just so you have
Speaker 7: it on your clipboard if you got to redo it,
Speaker 7: and now go through and press and submit. And now
Speaker 7: if it doesn't say delete right, then redo it the
Speaker 7: second time because sometimes it's system glitches. So go ahead,
Speaker 7: press submit.
Speaker 15: Okay, it says continue, but okay, yeah, okay submit, Okay.
Speaker 8: TransUnion is reviewing your dispute.
Speaker 7: Okay, so let that sit. Give us about five minutes
Speaker 7: to ten minutes. If you don't get a deletion notice,
Speaker 7: come back, all right, okay, all right, you all right.
Speaker 8: Around for this guy.
Speaker 18: Right, that was a moment I ain't want to say nine.
Speaker 18: I'm like, damn, mister, thank you, thank you.
Speaker 5: Chris. You know we said he was the most dangerous,
Speaker 5: told you he's dangerous man.
Speaker 7: All right, people are eye on her before we before
Speaker 7: we get in the call, we're gonna go back. Uh
Speaker 7: it's nine oh two, so we're gonna be wrapping around,
Speaker 7: uh nine fifteen, nineteen twenty, so we'll see. We're gonna
Speaker 7: come back to you before we in and see what happened.
Speaker 5: All right, Chris.
Speaker 8: So I'm gonna keep you right at the top. I'm
Speaker 8: gonna keep you right up there.
Speaker 5: This dangerous man, This is dangerous man.
Speaker 4: Shout out to MP, the mortgage guy on a super
Speaker 4: Chat checking, shout out to cash phoone super Chat checking,
Speaker 4: and shout out to the good brother credit dude, shout
Speaker 4: out this credit.
Speaker 8: Live Denise, we come to you, meet yourself.
Speaker 4: You've been up muted, live live studio, live live studio audience.
Speaker 4: Denise was going on, I mean yourself, you've been muted.
Speaker 5: Was going, oh my god, hello, hello, Hello, good evening.
Speaker 7: Oh I'm so excited.
Speaker 14: Oh this is awesome, thank you so much, and great information,
Speaker 14: just like dropping bombs. So my question is I heard
Speaker 14: the last episode that you were on Marcus and you
Speaker 14: were talking about tradelining. If you will go over that
Speaker 14: a little bit more like how does tradelining work? How
Speaker 14: can we make some money off of tradelining? That was
Speaker 14: very very interesting.
Speaker 7: Okay, we tradelines and explain something is that I'm clear
Speaker 7: a lot of times people think that, like I teach
Speaker 7: people to start a tradeline business, and a lot of
Speaker 7: times people get confused and think that trade lines is
Speaker 7: only authorized users, right, But you have trade lines like
Speaker 7: my Jewelers Club is a trade line. Rent reporters is
Speaker 7: a trade line, right, These are all things. A tradeline
Speaker 7: is just a positive accounting of credit report. But when
Speaker 7: it comes to authorized users, I tell people this is
Speaker 7: that if I've seen people in the chat earlier asking hey,
Speaker 7: what do you think about tradelines supply right? The issue
Speaker 7: with that is that a lot of times people go
Speaker 7: out and buy tradelines authorized users for people they don't know, right,
Speaker 7: and it's just complete strangers. Well, when it comes to
Speaker 7: adding people to your cars, it's certain cars that you
Speaker 7: want to use. Right, I'm going to tell you, like
Speaker 7: one of the banks, to kind of stay away from it.
Speaker 7: Is like a Bank of America. Bank of America is
Speaker 7: notorious for shutting you down. Meanwhile, American expressed to give
Speaker 7: you ninety nine authorized users and nine authorized users, but
Speaker 7: they don't report history. Right, So it's a lot to
Speaker 7: really break this whole business model down. But to give
Speaker 7: you a synopsis is that pretty much is that I
Speaker 7: can add you on to my card as an authorized user.
Speaker 5: Right.
Speaker 7: So let's say I use a card like City Bank. Right,
Speaker 7: I'm gonna give y'all want City Bank. I use a
Speaker 7: car like City Bank. I add you on as authorized user.
Speaker 7: I've had my car for ten years plus, my utilization
Speaker 7: rate is under nine percent, one hundred percent payment history.
Speaker 7: When I add you on as an authorized user, my
Speaker 7: history now goes onto your credit report. If I charge
Speaker 7: you six fifty, that's six hundred and fifty. But I
Speaker 7: got ten slots available. So if I have ten slots
Speaker 7: available and I add ten people, that's sixty five hundred dollars.
Speaker 7: I'm gonna leave you on for sixty days, and it's
Speaker 7: going to stay on your credit report for ninety The
Speaker 7: thing about authorized users is that you can't build a
Speaker 7: report off of authorized users. It's kind of just like
Speaker 7: a cherry on the top to kind of help with
Speaker 7: your data points. So you build your report out and
Speaker 7: get the accounts, and then you use a thing like
Speaker 7: an authorized user to kind of help and strengthen your
Speaker 7: data points before you go out and apply. So it's
Speaker 7: the thing that you add last. So when you add
Speaker 7: a trade line last, you know this after you got
Speaker 7: your credit report together. That's the reason why you only
Speaker 7: need to be on there for ninety days because in
Speaker 7: that timeframe you need to go out and apply for
Speaker 7: the things that you're looking to acquire. Okay, and now
Speaker 7: from there, what happens is is that now I've turned
Speaker 7: my credit card from a liability into an actual asset
Speaker 7: because now I'm making money off of it. Now I'm
Speaker 7: making sixty five hundred every sixty days, that's forty thousand
Speaker 7: dollars in a year. Right now, I don't have to
Speaker 7: worry about going in a debt. I don't have to
Speaker 7: worry about getting a credit card said, am I going
Speaker 7: to pay it back? This? This, that, and the third.
Speaker 7: I'm literally using the bank's money to make money and
Speaker 7: I'm never going into debt. Right And you see a
Speaker 7: lot of people go, can we do this? Can we
Speaker 7: do this, and it's like, yo, listen, you can't in
Speaker 7: my mind right, and this is just you know, be
Speaker 7: a friend and honest with everybody. Is this I have
Speaker 7: to wirit me up. It's like, Yo, I got a
Speaker 7: ten thousand dollars credit card. I don't want to, you know,
Speaker 7: in fear of losing it. And I said, well, listen,
Speaker 7: what's your utilization key? You're not supposed to use more
Speaker 7: than thirty percent of a credit card? Right, You're not
Speaker 7: supposed to use more than thirty percent of a credit card,
Speaker 7: meaning if you're not gonna go over thirty percent. You
Speaker 7: got a three thousand dollars credit card. I just told
Speaker 7: you how to forty a year. You give me you
Speaker 7: see the benefit of how it actually turns into an
Speaker 7: actual asset versus holding on to a credit card for
Speaker 7: emergency purposes. Make the thousand, put the ten thousand of cash,
Speaker 7: and then what are we talking about? We can move forward, right,
Speaker 7: And that's the mindset that we need to have when
Speaker 7: it comes to, you know, actually turning liabilities into assets.
Speaker 7: But to answer your question, is select cars that you
Speaker 7: want to use, add people as an authorized user, you
Speaker 7: never give them access to your credit card. So that
Speaker 7: way you don't send a car to them. You mel
Speaker 7: it to you, Okay, you never give them access to
Speaker 7: the car, so that way they can't use it and
Speaker 7: go run it up. You put security, you put security
Speaker 7: questions on your account. You also turn on your push
Speaker 7: notifications on on your app for whichever credit card you're using.
Speaker 7: So you know, just stay in the loop with everything
Speaker 7: is going on and really watch the car. But you know,
Speaker 7: I'm gonna tell you guys, this is that every bank
Speaker 7: does not allow this, So you guys have to be mindful.
Speaker 7: I tell you guys like Bank of America, it's one
Speaker 7: of the banks to stay away from. Maybe Federal is
Speaker 7: not going to give you ten authorized users, They're going
Speaker 7: to give you four. So you just want to be
Speaker 7: mindful and really study and learn the banks. If you
Speaker 7: can do your due diligence, go out and really do
Speaker 7: research and try to find what banks are good and
Speaker 7: that allow it, and you can build from there, or
Speaker 7: you know, you can come come on the good side.
Speaker 5: Session blue, session proof blue man.
Speaker 14: Right, thank you so much for that information. Thank you,
Speaker 14: thank you.
Speaker 5: Let's take let's take one more question.
Speaker 4: I saw somebody on YouTube they had if you're having
Speaker 4: if you're in Euy University and you're having a problem
Speaker 4: getting in the Facebook group email in for Early Alesia,
Speaker 4: but you have to have your real name on Facebook.
Speaker 4: Sometimes people's names is like John Henry in real life,
Speaker 4: with their Facebook name is like Eaglewood Superman, so it's
Speaker 4: hard to ident That takes a little longer because it's
Speaker 4: hard to identify because you don't know your real name.
Speaker 4: But the quick solution is that it's just email in
Speaker 4: for Earlesia. Five thousand people in that Facebook group, so
Speaker 4: definitely want to take advantage of that if you if
Speaker 4: you have a member university.
Speaker 3: Shouts all the earners in the chat right now. They
Speaker 3: everything that that Marcus is saying. They type it in
Speaker 3: like yo, I got that way you misspelled something, No,
Speaker 3: we got this. Shout all the earners. Man, it's there's
Speaker 3: so many of the name they doing their thing. Hark
Speaker 3: is hoppy and Pat I'm shut the chat. That's Marcus Barnes,
Speaker 3: the most.
Speaker 8: Dangerous, the most dangerous him, not them.
Speaker 4: They get a boss that you've seen thus far, point
Speaker 4: Dexter is this point Dexter, it's just bust down.
Speaker 7: Now we're on point dex to today I'm not going
Speaker 7: to do it all right, were on point dex to
Speaker 7: today we.
Speaker 8: Do point de time.
Speaker 3: Kenya, we are coming to you on mute yourself. You've
Speaker 3: been unmuted. What's going on?
Speaker 7: Hello?
Speaker 14: Can you hear me?
Speaker 10: Well?
Speaker 8: Hear you perfectly? Where are you from?
Speaker 7: I'm from Texas. I'm in Dallas, Texas.
Speaker 5: Love it, love it.
Speaker 13: So my question is, I know I hear him talk
Speaker 13: a lot about credit score utilization to get a card.
Speaker 13: So if you have a credit score, say it's seven thirty,
Speaker 13: and you do have high utilization and you have like
Speaker 13: funds to pay it down, how should you approach that
Speaker 13: looking to start a business or something of that nature.
Speaker 5: Does that make sense?
Speaker 7: Can you give me a little more details?
Speaker 13: Yes, So, say I have like a seven point thirty
Speaker 13: and I have, like maybe I have brought five cards
Speaker 13: and say two of them are at you know, higher.
Speaker 7: Say eighty percent utilization.
Speaker 13: If a stack of funds to pay something down, how
Speaker 13: would I approach that?
Speaker 17: Like?
Speaker 7: What do you recommend?
Speaker 8: One is that?
Speaker 7: Should you just go and pay like fifty percent? No,
Speaker 7: I'm gonna tell you all this and be mindful too.
Speaker 7: It's depending on what bank you're with. Be mindful when
Speaker 7: you guys, let your utilization run high, because when you
Speaker 7: start to pay it back, especially in the times that
Speaker 7: we're in now, when you pay it back, they might
Speaker 7: shrink your limits. So you might go back and pay
Speaker 7: fifty percent off and they might come and say that's
Speaker 7: that's find your new limit of three thousand. Thank you
Speaker 7: for the money, and now you don't have access to it.
Speaker 7: So don't let your utilization run high for a long time,
Speaker 7: especially not right now while we're in a pandemic. Don't
Speaker 7: let it run hot. So make sure you kind of
Speaker 7: constantly knock that out. But I would pay it down.
Speaker 7: If you got the capital to pay it down, I
Speaker 7: will go ahead and chop it down. Because if you
Speaker 7: had a seven thirty with utilization, your score is your
Speaker 7: your report is already amazing. You'll be over a seven eighty.
Speaker 7: With that being said, what's your limits? What's your that's
Speaker 7: what kind of limits you out? They range from ten
Speaker 7: to twenty, So you okay on your limits. I would
Speaker 7: knock them down and focus on them for about six
Speaker 7: months before going a five for credit ask for increases.
Speaker 7: So if you got the capital, knock it down and
Speaker 7: then ask for increases every six months. If you if
Speaker 7: you haven't asked for an increase, knock that utilization down, right,
Speaker 7: and so knock that utilization down. And if you haven't
Speaker 7: asked for an increase in the last six months, wait
Speaker 7: for about thirty days to sixty days after paying it
Speaker 7: down and then calling and ask for an increase with
Speaker 7: your utilization under nine percent? Great, Okay, thank you.
Speaker 5: I've never asked for increase.
Speaker 7: All right, thank you.
Speaker 4: Appreciate you looking so yeah, I know, Uh, Marcus gotta
Speaker 4: wrap so before we before we wrap it, I want
Speaker 4: to just say a couple of different things. So first
Speaker 4: and foremost, thank you for the game. If you haven't watched,
Speaker 4: if you haven't watched Earn your LIGI this episode with Marcus,
Speaker 4: please please do that, please rewatch this. And the most
Speaker 4: important number for tonight is five hundred. So his his
Speaker 4: name is him five hundred and his recession proof course.
Speaker 4: The cheapest place to get it on the marketplace is
Speaker 4: rp x E y L dot com. That's what If
Speaker 4: you watch the podcast, he did a special five hundred
Speaker 4: dollars off and that includes tell him what that includes
Speaker 4: with your with your recession proof includes, so.
Speaker 7: With my recession proof when you join the recession through
Speaker 7: family researchion profs. Not like a course, it's a family
Speaker 7: that you join. And what we do is this is
Speaker 7: I teach financial literacy. But my goal is to teaching
Speaker 7: empower leaders of the community that's looking to help other people. Right,
Speaker 7: So I teach you how to go out and really
Speaker 7: clean and structure a credit report, set up your own
Speaker 7: credit repair of business. Not only that, I teach you
Speaker 7: how to set up a tradeline business, right, because once
Speaker 7: somebody gets their credit repair and get their credit together,
Speaker 7: then they need to actually learn how to build it.
Speaker 7: And it's not all authorized users. I teach you different
Speaker 7: things and ways to cover and use helping somebody build
Speaker 7: their credit and get your mortgage paid. Right, These are
Speaker 7: the type of things. So now you don't have to
Speaker 7: pay a mortgage. So I teach you, guys that. I
Speaker 7: also give you an ebook. So some people don't want
Speaker 7: to pay for credit repair, they just need the information.
Speaker 7: So everything that I know I put an ebook for
Speaker 7: white labeled it so that way you guys can actually
Speaker 7: take it and put your own, your own brand on it. Right,
Speaker 7: And now they have a do it yourself credit repair
Speaker 7: guide that you can sell. So now you sell them
Speaker 7: an ebook. I also give you a click funnel to
Speaker 7: sell the e book that's already pre built. All you
Speaker 7: have to do is get somebody to put your graphics
Speaker 7: in your logo. But I teach you how to set
Speaker 7: your whole business up. I teach you how to set
Speaker 7: up a tradeline business. I teach you how to set
Speaker 7: up a funding business. In the funding business, I'll show
Speaker 7: you how to get one hundred and fifty thousand, how
Speaker 7: to go out basically and get fifteen credit cards with
Speaker 7: only five inquiries. I also teach you business credit on
Speaker 7: how to get credit up to two hundred and fifty
Speaker 7: thousand with your social and without your social And then
Speaker 7: I teach you how to do the funding business right.
Speaker 7: If you guys go through my stories on my mentorship,
Speaker 7: I walked somebody through and I got them one hundred
Speaker 7: and ninety one thousand with my credit card sequence. It
Speaker 7: took us an hour and a half and an hour
Speaker 7: and a half, I mean nineteen grand. Because whenever you
Speaker 7: help somebody get funded, you charge your back in fee
Speaker 7: of ten percent. I teach you how to set that
Speaker 7: money up and ensure that you get paid. Not only that,
Speaker 7: then I teach you how to travel for free. I
Speaker 7: teach you luxury cars, how to go out and get
Speaker 7: luxury cars and only pay pennies on the dollar. I
Speaker 7: had an I eate, paid eleven hundred, had it for
Speaker 7: six months, right, And these are the type of things
Speaker 7: like I teach you how to go out and get
Speaker 7: how to travel for free, how to liquidate your credit
Speaker 7: cards because I know a lot. I'm teaching you guys
Speaker 7: about kind of pulling the money and switching it. But
Speaker 7: we would have to have a whole lesson on how
Speaker 7: to pull the money off without assessing the fear doing
Speaker 7: a cash event. So I teach you guys how to
Speaker 7: pull the money off the credit cards. That way you can,
Speaker 7: you know, go and invest or hide your utilization. These
Speaker 7: are all things that's included. Then I have weekly calls
Speaker 7: where we have somebody come and teach.
Speaker 5: Right.
Speaker 7: So the thing is we learn how to get money
Speaker 7: and you set your businesses up. But we want to diversify.
Speaker 7: Every millionaire has seven streams of income. And so what
Speaker 7: I did was I had, like my good friend Alex,
Speaker 7: he came and he gave the infold of the seven
Speaker 7: steps to start in the trucking company. I have my
Speaker 7: friend Justin Owen's come and teach how to actually get
Speaker 7: and invested in how to do four rex Wall Street trapper.
Speaker 7: He came and taught us how to get it invested
Speaker 7: in the stock market, how to break down a company
Speaker 7: and know where to invest. So it's every you know,
Speaker 7: we constantly teach different topics. The next one is the
Speaker 7: touro how to actually start and scale a touro business profitable.
Speaker 7: These are all the things that get taught in it
Speaker 7: so that way you can establish more streams of income,
Speaker 7: you know, and that's why we become recession pos session.
Speaker 4: You have been so yeah, that's the website rp xyl
Speaker 4: dot com. Cheapest price for that for Marcus's course, and
Speaker 4: once again we want to thank you. And then, like
Speaker 4: I said, the five hundreds a special number because Eyo University.
Speaker 5: This is what we do every single week. We have
Speaker 5: a class at Eyle University.
Speaker 4: And the good thing about it is that once the
Speaker 4: class is done in archives, but it's over one hundred
Speaker 4: past classes, do weekly classes and like how Marcus walked
Speaker 4: the young lady through as far as like that's the
Speaker 4: different people say, like what's the difference between EU University
Speaker 4: and just the regular podcast where it's like this is
Speaker 4: actually interactive. You get to ask zoom questions, you get
Speaker 4: to get your hand held and all of that. Of course,
Speaker 4: MG the mortgage Guy put together the real Estate Blueprint
Speaker 4: of how to buy a Home, and that's over one
Speaker 4: hundred videos, over fifteen hours of content A to Z
Speaker 4: that's included in Eyo University. We have movie club, we
Speaker 4: have a book club, I have a financial planning call
Speaker 4: once once a month. And the newest thing is that
Speaker 4: we added our group chat, our investment group Chat. So
Speaker 4: we're gonna do zoom calls with everybody in Eyo University
Speaker 4: and just tell you the plays that we're making, give
Speaker 4: you insight to our portfolio, and we're just gonna have
Speaker 4: a discussion. Hopefully we can learn, we be able to
Speaker 4: learn from somebody that's doing So we're just gonna have
Speaker 4: like a whole group conversation of empowerment, investment, empowerment. We're
Speaker 4: gonna let you know what we're doing and hopefully you
Speaker 4: let us know what you're doing, and we're gonna put
Speaker 4: together some plays and we're gonna make a lot of money.
Speaker 4: So yeah, so that's we letting that that's that's seventy
Speaker 4: five percent off for seventy two hours. That's five hundred
Speaker 4: dollars for the entire year. Market said, that's extremely undervalue.
Speaker 4: I agree with them.
Speaker 7: Somebody to said in the in the comments, Ashley Alexander,
Speaker 7: my viction, I just disputed. It has been deleted.
Speaker 4: Come on, y'all, I'm the one, the one that you
Speaker 4: just the one that you just spoke to. Yeah, no,
Speaker 4: that was I got christ somebody else.
Speaker 3: I got Christa right here waiting. Kristen, I'm used yourself.
Speaker 3: You've been on you know what's going on stoup date.
Speaker 15: Hey, so I just refreshed it. I don't see any
Speaker 15: change yet, but I'm pretty sure the sun comes.
Speaker 12: Through at some point.
Speaker 7: Lock out of your logout, log back and again and
Speaker 7: do it again and it'll it'll go through.
Speaker 4: Thank you, Krista, Thank you all right, him, I know
Speaker 4: you gotta I know you gotta go because you got
Speaker 4: your your your your call.
Speaker 5: So thank you, thank you for joining us.
Speaker 4: This replay was going to be available on YouTube and
Speaker 4: we'll also put it on podcast outlets on Friday, so
Speaker 4: you can go back and check it out.
Speaker 3: Last thing, real quick, I see that market shout out
Speaker 3: to Marcus you put in the chat. Maybe somebody can
Speaker 3: take advantage of this and say military people that are
Speaker 3: in here. American Express Platinum has an annual charge of
Speaker 3: five hundred and fifty dollars that can be completely waived
Speaker 3: for military members.
Speaker 8: So that's something that you know you could probably take
Speaker 8: advantage of. Check it out. Appreciate that, Marcus.
Speaker 5: Sure.
Speaker 4: So all right, all right, gush, stay rocking with us.
Speaker 4: We'll see you next week, see you next month for
Speaker 4: this one. Book club, we'll see you Sunday. Yeah, book club,
Speaker 4: y mg de mortgage guy tomorrow tomorrow. What's what's the topic?
Speaker 4: House hacking one on one? If you're in the blueprint,
Speaker 4: you're part of the mentorship program. That's another thing. Real
Speaker 4: estate mentorship program is part of the blueprint to ey University.
Speaker 4: So house hacking one on one tomorrow, make sure.
Speaker 5: You check that out.
Speaker 4: We got our orientation Saturday and Saturday, book club Sunday,
Speaker 4: and book club is on Sunday, so.
Speaker 8: You know we always and then we'll see our Monday
Speaker 8: again for market Monday.
Speaker 3: So you know, y'all take care of yourselves, reach out,
Speaker 3: call someone, make sure that everybody's doing good.
Speaker 8: Y'all, stay blessed. And stay healthy man. We love y'all.
Speaker 6: Peace my graduates from my school being forced bad drop
Speaker 6: bag drop my drop bag, drop drops.
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