WEBVTT - Business Advice: Avoid scams, “You have to vet companies. Go to BBB, Google them, and check their credibility.”

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<v Speaker 1>Welcome to my show. I'm Rashon McDonald, a host of

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<v Speaker 1>Money Making Conversations Masterclass. Well, we encourage people to stop

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<v Speaker 1>reading other people's success stories and start planning your own.

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<v Speaker 2>Now.

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<v Speaker 1>You don't want to miss an episode, so please take

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<v Speaker 1>a moment right now to follow or subscribe to Money

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<v Speaker 1>Making Conversations Masterclass. It's free. You can follow me on iHeartRadio, app, Spotify,

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<v Speaker 1>Apple Podcasts, or wherever you listen to your podcast. New

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<v Speaker 1>money Making Conversations Masterclass episodes drop daily. I want to

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<v Speaker 1>keep you on alert because my guests provide tips on

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<v Speaker 1>how you can uplift your community, improve your financial planning, motivation,

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<v Speaker 1>or advice on how to be a successful entrepreneur. Now,

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<v Speaker 1>let's get this podcast started. My next guest is an

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<v Speaker 1>award winning finance expert and best selling author. She is

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<v Speaker 1>also the CEO and CFO of New Day for You Financial.

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<v Speaker 1>She is a national leader and business Funding Solutions. Katrina

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<v Speaker 1>helps women business owners secure up to one hundred thousand

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<v Speaker 1>dollars in funding in one hundred days or less with

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<v Speaker 1>same day approval and next day funding. This is the

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<v Speaker 1>right person to have on Money Making Conversations. Please walk

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<v Speaker 1>with the money Making conversations, masterclass, Katrina fitting How you doing, Katrina.

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<v Speaker 2>I am doing wonderful. Nice to be here, Nice to

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<v Speaker 2>meet you once again. I remember seeing you long years

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<v Speaker 2>ago on the Steve Harvey Show.

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<v Speaker 1>That's my man, my man, Steve Harvey. I'm cooking up

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<v Speaker 1>stuff here, cooking up money, ideas and everything. But it's

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<v Speaker 1>really funny, Katrina. A lot of people still follow me

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<v Speaker 1>because I bake. A lot of people still follow me

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<v Speaker 1>because I cook all those good things. And it's been

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<v Speaker 1>very fortunate to have that kind of a well rounded career. Now,

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<v Speaker 1>money making conversation, let's start up right here. I get

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<v Speaker 1>a lot of texts, I get a lot of emails

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<v Speaker 1>by people talking about they looked up my credit, they

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<v Speaker 1>looked me on LinkedIn. They can give me fifty thousand

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<v Speaker 1>dollars and give me sixty five thousand dollars. It's give

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<v Speaker 1>me a call. And what is a scam and what

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<v Speaker 1>you should be on the lookout when people start sending

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<v Speaker 1>these texts, start sending these emails engaging potential business people

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<v Speaker 1>who want that big break, who need just a little

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<v Speaker 1>money to jumpstart their dreams. Talk to us about those

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<v Speaker 1>emails that I be getting and I'm sure a lot

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<v Speaker 1>of people out there get to.

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<v Speaker 2>Yes, ra Sean, this is a really good question because

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<v Speaker 2>oftentimes we get hung up on these what ninety second

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<v Speaker 2>ig takes and these shorts and all of these conversations

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<v Speaker 2>and our emails are being flooded now because obviously there

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<v Speaker 2>is funding now that is available for startups and essentially

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<v Speaker 2>you have to qualify. Oftentimes, when we are seeing this,

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<v Speaker 2>we're not actually talking about what the requirements are. And

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<v Speaker 2>so to make it really frank, because this is what

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<v Speaker 2>I do every day, and that is this, how do

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<v Speaker 2>you qualify? If you have a six point eighty credit

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<v Speaker 2>score or higher, you have at least four figures in

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<v Speaker 2>a credit card already, right, you need to have at

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<v Speaker 2>least ten thousand credit card already, Okay, and you have

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<v Speaker 2>a business that has a mission to make money and

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<v Speaker 2>your risk is low. This is the answer to that question.

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<v Speaker 2>So what that means is that, yes, if you take

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<v Speaker 2>the clickbake or you make the call, the first thing

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<v Speaker 2>that's going to happen is that we're going to have

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<v Speaker 2>a conversation with you first to find out is your

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<v Speaker 2>money mindset right, because we don't want to be out

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<v Speaker 2>here racking up the good debt and then you're not

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<v Speaker 2>going to be responsible. That's number one, right, Are you

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<v Speaker 2>ready to actually execute on the mo so that you

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<v Speaker 2>can get a cash on cash return is what we

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<v Speaker 2>call it, and so you're able to deploy that money

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<v Speaker 2>properly to be able to pay the money back.

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<v Speaker 1>So the bigger picture, though, Katrina, is that these are

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<v Speaker 1>unknown people contacting you, right, and so that means in

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<v Speaker 1>order to even go beyond, you got to share information

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<v Speaker 1>with them that can in turn enable people to scam you.

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<v Speaker 1>That's the bigger issue here because you get it all

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<v Speaker 1>the time. I get it from Chase, I get it

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<v Speaker 1>from America Express. They'll tell you, hey, look you got

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<v Speaker 1>a credit card here, sign here. But that's a brand

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<v Speaker 1>that we know is legit. But there's so many companies

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<v Speaker 1>out there now they're just ramming you, ramming you're ramming

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<v Speaker 1>your information and bargain opportunities. That scam side is very high.

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<v Speaker 1>Not so much about the qualifying side, but that scam side.

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<v Speaker 1>That's the part that I really want to drive home

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<v Speaker 1>to everybody is a really really research and if there

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<v Speaker 1>are any websites that they can go to the unions

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<v Speaker 1>please yes, that.

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<v Speaker 2>Is exactly a really good, really good question. And the websites.

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<v Speaker 2>You want to go over to what we call the

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<v Speaker 2>Business Better UA right, the Business Bureau Right. You want

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<v Speaker 2>to go over to BBB right, and you want to

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<v Speaker 2>look up that company right and see what their scores

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<v Speaker 2>are and see if they have any bad reviews. You

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<v Speaker 2>want to do your homework. Go to the Google dot

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<v Speaker 2>com and do their homework and see do they have

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<v Speaker 2>any testimonials about people saying they're actually getting money right.

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<v Speaker 2>You can also vet them by asking them who are

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<v Speaker 2>they working with so on the behind the scenes as

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<v Speaker 2>far as New Day for You financial, we work with Chase,

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<v Speaker 2>we work with American Express, US Bank, all of the banks.

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<v Speaker 2>We have relationships with these banks and so we're outsourcing

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<v Speaker 2>for them. And so that's how we know one hundred

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<v Speaker 2>percent that we're able to get you money if you

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<v Speaker 2>are qualified, and that's the key. If you are qualified,

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<v Speaker 2>and you have to make sure that you vet the

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<v Speaker 2>companies that you want to work with to make sure

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<v Speaker 2>that they are reputable companies.

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<v Speaker 1>Please don't go anywhere. We'll be right back with more

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<v Speaker 1>Money Making Conversations Masterclass. Welcome back to Money Making Conversation

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<v Speaker 1>master Class hosted by me, Rashawn McDonald. Let's get back

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<v Speaker 1>into it. What's the minimum somebody that needs to provide

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<v Speaker 1>to you in order to find out if they're qualified

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<v Speaker 1>when they come to your company New Day for You Financial.

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<v Speaker 2>Right, So if you go over right now to New

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<v Speaker 2>Day for You Financial dot Co. We have a pre

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<v Speaker 2>approval process. It's a soft pull process. We have a

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<v Speaker 2>relationship with Equifax where we can do a soft pool

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<v Speaker 2>and we're able to see whether you can qualify or

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<v Speaker 2>not just by looking at the information that is available.

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<v Speaker 2>Once we pre qualify you and get you pre approved,

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<v Speaker 2>the next step is that we're going to have a

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<v Speaker 2>conversation with you to make sure that you're able to

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<v Speaker 2>pay the money back. You have a plan for the money.

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<v Speaker 2>And this is for startups only, obviously, if you're wanted

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<v Speaker 2>to get you know, some of the six and seven

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<v Speaker 2>figure We do SBA loans, We do collateral loans with

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<v Speaker 2>equipment purchase orders. We do loans as well as lines

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<v Speaker 2>of credit. And so how we're able to do that

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<v Speaker 2>is because we have the relationships with the bank and

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<v Speaker 2>they are doing the underwriting for us to be able

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<v Speaker 2>to make that happen. And so this is the process.

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<v Speaker 1>We are talking about you though, Katrina, the business model,

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<v Speaker 1>the business plan. So many people you talked about the

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<v Speaker 1>credit report, but so many people coming to you with

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<v Speaker 1>this great idea to Katrina, but they don't have a

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<v Speaker 1>business plan. Will you tell my audience how you frown

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<v Speaker 1>on people who walk up to you without a business plan.

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<v Speaker 2>Oh my god, you just don't even know it is.

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<v Speaker 2>So many people think that it's free money, right, and

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<v Speaker 2>you just have an idea pie in the sky. You

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<v Speaker 2>had a dream last night and now you wanted your

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<v Speaker 2>money to be able to implement. You have to be strategic.

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<v Speaker 2>You have to put together a business plan step by

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<v Speaker 2>step on what you're going to deploy the money to do.

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<v Speaker 2>If you do not have a plan on what you're

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<v Speaker 2>going to do, I call it your money mission. If

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<v Speaker 2>you don't have a mission for your money and you

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<v Speaker 2>don't tell your money where to go, guess what you're

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<v Speaker 2>gonna look up and that money is going to be

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<v Speaker 2>gone because you already know. We have oftentimes propensity to

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<v Speaker 2>have money in our pocket and it burns and it's

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<v Speaker 2>hot and you have to get it out of your pocket,

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<v Speaker 2>right or we have a pocket with holes in it,

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<v Speaker 2>like my grandmama used to say, but you have to

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<v Speaker 2>have a plan for your money, or your money will

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<v Speaker 2>have a plan and you'll look up and that money

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<v Speaker 2>will be gone. And you're old at money, and that's

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<v Speaker 2>where you get the bad wrap and the bad credit.

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<v Speaker 2>It's because you don't have a plan for your money.

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<v Speaker 2>You have to have a spending plan.

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<v Speaker 1>Please don't go anywhere. We'll be right back with more

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<v Speaker 1>Money Making Conversations Masterclass. No need for you to do

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<v Speaker 1>me a favor right now to follow or subscribe to

0:09:39.679 --> 0:09:42.920
<v Speaker 1>Money Making Conversation. It's free and you can find it

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<v Speaker 1>on the iHeartRadio app, Spotify, Apple Podcasts, or wherever you

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<v Speaker 1>get your podcasts. Please do me that favor, follow or

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<v Speaker 1>subscribe money Making Conversations. Welcome back to Money Making Conversations

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<v Speaker 1>Masterclass hosted by me Rashaan MC. Money Making Conversations master

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<v Speaker 1>Class continues online at Moneymaking Conversations dot com and follow

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<v Speaker 1>money Making Conversations master Class on Facebook, x and Instagram. Relatives.

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<v Speaker 1>You know how people treat relatives asking for money versus

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<v Speaker 1>a bank, And I try to treat and I've learned

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<v Speaker 1>over the years, Katrina, there's a reason why lenders do

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<v Speaker 1>what they do. And please talk to my audience about

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<v Speaker 1>when relatives come to them for money. I don't care

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<v Speaker 1>if it's a small amount of money a large amount

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<v Speaker 1>of money, how you should treat them.

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<v Speaker 2>So I have learned how you're supposed to treat relatives, friends, family, neighbors,

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<v Speaker 2>whomever that comes to you to borrow money. First of all,

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<v Speaker 2>you want to put an actual stipulations. I'm not gonna

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<v Speaker 2>say contract, but I'm just gonna say, you want to

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<v Speaker 2>have a a contract or a written agreement, you know,

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<v Speaker 2>on what are the terms on which you are borrowing

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<v Speaker 2>this money for? So you say you want to borrow

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<v Speaker 2>let's just say ten thousand dollars. Okay, that's the amount.

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<v Speaker 2>So what I'm going to find out on what terms

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<v Speaker 2>are we going to have this repayment by when? How often?

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<v Speaker 2>The frequency you're going to pay me? Which is your

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<v Speaker 2>payments plan? By what date? And I'm gonna say this

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<v Speaker 2>is what if you don't pay me, this is the penalty.

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<v Speaker 2>You know, I would put some penalties in place on agreements,

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<v Speaker 2>saying if you don't do this, hey, you could say collateral.

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<v Speaker 2>You know, I'm just saying, you know, you could say hey,

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<v Speaker 2>if you don't Oh.

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<v Speaker 1>No, that's that's racist. Oh you you the man. Now

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<v Speaker 1>you trying to hold me back. Okay, you're my cousin,

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<v Speaker 1>you're my sister.

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<v Speaker 2>No, if you're a good steward over your money, you

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<v Speaker 2>have to have some terms in place in order to borrow.

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<v Speaker 2>If people are gonna borrow money, you got to have

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<v Speaker 2>some type of terms in place. You can't just give

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<v Speaker 2>away money because why you're responsible. You've been giving stewardship

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<v Speaker 2>over what you've been blessed with, and so you can't

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<v Speaker 2>just give it away because why your money have a

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<v Speaker 2>mission and you want to be able to what double

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<v Speaker 2>your money you want? When you put money out, you

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<v Speaker 2>wanted to come back to you doublefore right, one hundred four.

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<v Speaker 2>So that's the terms of it, is that you're responsible.

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<v Speaker 2>And so I always just make an agreement and say this.

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<v Speaker 2>If I give you money, I'm going to decide is

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<v Speaker 2>it a gift or is it a loan? I give

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<v Speaker 2>it to you. I don't expect anything back, there's no

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<v Speaker 2>streams attached, or I'm going to put some terms in

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<v Speaker 2>place in order to make sure that I get my

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<v Speaker 2>money back and with interest.

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<v Speaker 1>That's how I do it. I said, I look at

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<v Speaker 1>a person, I said look, don't worry about paying me. Here,

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<v Speaker 1>here's the money, because I'm not going to track you down.

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<v Speaker 1>I know exactly who I'm giving money to, because you

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<v Speaker 1>have to evaluate who you're giving your money to.

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<v Speaker 2>Now.

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<v Speaker 1>I've also given money to people who I know I'm

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<v Speaker 1>going to give the money back. But also I'm giving

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<v Speaker 1>money to people that go don't worry about it. I

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<v Speaker 1>got you. Don't worry about It's a gift. I just

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<v Speaker 1>want to see you be successful. But what I would

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<v Speaker 1>just wanted to state in this conversation I was having

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<v Speaker 1>with Katrina here was that they're rules to being successful.

0:13:27.600 --> 0:13:31.200
<v Speaker 1>They are rules to borrow money. They're rules, and there's

0:13:31.240 --> 0:13:34.720
<v Speaker 1>so many people in the minority community, the community of color,

0:13:35.040 --> 0:13:38.600
<v Speaker 1>and I know it's difficult. I know our skin tone,

0:13:38.679 --> 0:13:41.959
<v Speaker 1>I know our background might hold us back. But when

0:13:41.960 --> 0:13:45.840
<v Speaker 1>you're trying to borrow money, there has to be rules.

0:13:45.960 --> 0:13:48.680
<v Speaker 1>It has to they had just because you want one

0:13:48.720 --> 0:13:51.640
<v Speaker 1>hundred thousand dollars. If they give you one hundred thousand

0:13:51.679 --> 0:13:54.480
<v Speaker 1>dollars and you don't have a business plan, then they

0:13:54.520 --> 0:13:56.840
<v Speaker 1>are the foods and they will be shut down.

0:13:57.360 --> 0:13:59.920
<v Speaker 2>There you go one hundred percent. If we have loans

0:14:00.080 --> 0:14:03.720
<v Speaker 2>that we give out and uh, they become bad loans.

0:14:03.840 --> 0:14:07.480
<v Speaker 2>That hurts my business. Right, So that's why we vet

0:14:07.520 --> 0:14:10.520
<v Speaker 2>our clients thoroughly and to make sure that they have

0:14:10.600 --> 0:14:13.439
<v Speaker 2>a plan in place. We can look at their history

0:14:13.520 --> 0:14:16.960
<v Speaker 2>to see what was the of they trustworthy? What are

0:14:16.960 --> 0:14:20.720
<v Speaker 2>their creditability to other people? Right, even with your family,

0:14:20.880 --> 0:14:23.920
<v Speaker 2>if you have other family members that said, hey, they

0:14:23.960 --> 0:14:26.640
<v Speaker 2>didn't pay me back, you have another family member they

0:14:26.680 --> 0:14:28.800
<v Speaker 2>didn't pay me back, So why you gonna line up

0:14:28.840 --> 0:14:31.000
<v Speaker 2>to get not paid back. So it's the same thing

0:14:31.080 --> 0:14:34.600
<v Speaker 2>with the pains. You know, they're gonna look at your credibility,

0:14:34.720 --> 0:14:37.840
<v Speaker 2>your history, your credit profile, what have your history been,

0:14:38.200 --> 0:14:40.720
<v Speaker 2>and so these other things that I've been seeing out

0:14:40.760 --> 0:14:43.360
<v Speaker 2>here is that you're saying, hey, business, we're gonna get

0:14:43.400 --> 0:14:46.200
<v Speaker 2>you business credit. And you think you're gonna get business

0:14:46.200 --> 0:14:49.920
<v Speaker 2>credit and they're not gonna look at your personal credit profile. Well,

0:14:50.000 --> 0:14:51.680
<v Speaker 2>they don't have nothing to go by it. They're not

0:14:51.720 --> 0:14:54.920
<v Speaker 2>gonna just give you credit if they don't even know

0:14:55.000 --> 0:14:56.120
<v Speaker 2>what your history is.

0:14:57.320 --> 0:14:59.400
<v Speaker 1>Oh, I love it. I love it. Katrina. We are

0:14:59.400 --> 0:15:02.760
<v Speaker 1>doing good. Okay, I'm talking to Katrina fitting she's the

0:15:02.880 --> 0:15:06.480
<v Speaker 1>CEO and CFO of New Day for You Financial.

0:15:06.720 --> 0:15:06.920
<v Speaker 2>Now.

0:15:06.960 --> 0:15:09.040
<v Speaker 1>When I opened the show. I want to get back

0:15:09.080 --> 0:15:11.960
<v Speaker 1>to this, I said, you are a national leader and

0:15:12.080 --> 0:15:17.240
<v Speaker 1>business funding solutions. Katrina helps women business owners secure one

0:15:17.320 --> 0:15:20.440
<v Speaker 1>hundred thousand dollars in funding in one hundred days or

0:15:20.520 --> 0:15:24.280
<v Speaker 1>less with same their approvals and next day funding. Tell

0:15:24.360 --> 0:15:26.200
<v Speaker 1>us how that works, right?

0:15:26.480 --> 0:15:30.520
<v Speaker 2>So, for example, my one of my clients, Angeline, she

0:15:30.960 --> 0:15:34.360
<v Speaker 2>is she's a tax accountant, she does taxes, she does

0:15:34.440 --> 0:15:37.920
<v Speaker 2>tax strategy and bookkeeping for her business. She came to

0:15:37.960 --> 0:15:41.280
<v Speaker 2>me she was like, Katrina, we are in need of

0:15:41.320 --> 0:15:45.000
<v Speaker 2>doing some rebranding for our business and I want to

0:15:45.080 --> 0:15:47.440
<v Speaker 2>get a minimum of one hundred K to be able

0:15:47.480 --> 0:15:50.960
<v Speaker 2>to deploy this to you know, get some additional help

0:15:51.000 --> 0:15:54.800
<v Speaker 2>and team. And so that's what we did. We did

0:15:54.880 --> 0:15:58.600
<v Speaker 2>a credit analysis on her. We saw that she had

0:15:58.760 --> 0:16:02.400
<v Speaker 2>good credibility. It was very trustworthy, she paid her bills

0:16:02.440 --> 0:16:05.720
<v Speaker 2>on time, and she had a business that was already

0:16:05.760 --> 0:16:09.520
<v Speaker 2>making revenue. So if we already knew pre approval, we're

0:16:09.560 --> 0:16:13.040
<v Speaker 2>able to get her the money that she requested. We

0:16:13.080 --> 0:16:16.040
<v Speaker 2>went through the process of asking her what is your

0:16:16.080 --> 0:16:18.120
<v Speaker 2>business plan, what are you going to do with it?

0:16:19.000 --> 0:16:23.160
<v Speaker 2>Once we applied, we went through underwriting. We were able

0:16:23.200 --> 0:16:27.560
<v Speaker 2>to secure her one hundred and sixty thousand dollars in

0:16:27.920 --> 0:16:32.480
<v Speaker 2>funding in less than a week. Why because she was

0:16:32.600 --> 0:16:37.320
<v Speaker 2>already ready, right, she had the revenue, she had the

0:16:37.360 --> 0:16:42.920
<v Speaker 2>business plan, she already had a business that was already operating.

0:16:43.320 --> 0:16:47.400
<v Speaker 2>She was she's been in business for over twenty years, right,

0:16:47.640 --> 0:16:50.880
<v Speaker 2>so we know that we can get that money to

0:16:51.000 --> 0:16:56.280
<v Speaker 2>her really quick, right, Versus someone who they have, you know,

0:16:56.440 --> 0:16:59.640
<v Speaker 2>pretty sketchy credit. Right, they have some challenges there, They've

0:16:59.640 --> 0:17:02.560
<v Speaker 2>had a lot of late payments, they have some collections

0:17:02.600 --> 0:17:06.359
<v Speaker 2>on that. We will tell them you need to go to.

0:17:06.480 --> 0:17:12.200
<v Speaker 2>We have relationships with credit restoration consultancies. We help them.

0:17:12.240 --> 0:17:14.760
<v Speaker 2>We will refer them to get their credit, you know.

0:17:14.960 --> 0:17:15.160
<v Speaker 1>Right.

0:17:15.600 --> 0:17:18.200
<v Speaker 2>Once they get their credit right and they are meeting

0:17:18.240 --> 0:17:21.000
<v Speaker 2>their requirements over time, we see they have some history

0:17:21.000 --> 0:17:24.359
<v Speaker 2>where they're starting to pay on time, then yes, we're

0:17:24.400 --> 0:17:28.320
<v Speaker 2>able to get them some funding as well. But we

0:17:28.359 --> 0:17:30.800
<v Speaker 2>want to make sure that we're not out here just

0:17:30.840 --> 0:17:33.520
<v Speaker 2>telling people we're going to give everybody one hundred thousand.

0:17:33.720 --> 0:17:37.080
<v Speaker 2>We have to prequalify you first. Once you get past

0:17:37.119 --> 0:17:39.720
<v Speaker 2>our pre qualification and you have a plan and a

0:17:39.760 --> 0:17:42.280
<v Speaker 2>mission for your money, oh we can help you all day.

0:17:42.920 --> 0:17:45.440
<v Speaker 1>Oh no, it's right. Business plan here that business player

0:17:45.480 --> 0:17:49.920
<v Speaker 1>here Katrina, she said, business plan and some years in business,

0:17:49.960 --> 0:17:52.199
<v Speaker 1>don't we're coming up here. You made that business for

0:17:52.280 --> 0:17:55.439
<v Speaker 1>six months or year expecting to get a lot of

0:17:55.480 --> 0:17:58.720
<v Speaker 1>money because so we have risks. It's risky your risk

0:17:59.240 --> 0:18:03.080
<v Speaker 1>now in your background talking to CEO and CFO of

0:18:03.200 --> 0:18:06.679
<v Speaker 1>New Day for you Financial, what are all the services

0:18:06.720 --> 0:18:08.879
<v Speaker 1>that you guys provide you to go to the website?

0:18:08.960 --> 0:18:11.359
<v Speaker 1>Can you give us a precursor on what to expect

0:18:11.359 --> 0:18:13.840
<v Speaker 1>when you go to the website and what's your main

0:18:13.960 --> 0:18:17.560
<v Speaker 1>purpose is? If there's funding other services that you provide

0:18:17.640 --> 0:18:19.800
<v Speaker 1>at New Day for you Financial.

0:18:20.560 --> 0:18:24.680
<v Speaker 2>Yeah, so obviously we are a financial education consulting company

0:18:24.720 --> 0:18:27.120
<v Speaker 2>as well. So when you go over to New Day

0:18:27.160 --> 0:18:31.719
<v Speaker 2>Forufinancial dot Co. The we have a whole page of

0:18:31.800 --> 0:18:34.520
<v Speaker 2>all of the different services that we provide. Like I

0:18:34.560 --> 0:18:40.080
<v Speaker 2>had mentioned to you earlier, we provide SBA loans. We

0:18:40.400 --> 0:18:44.399
<v Speaker 2>actually provide equipment loans, like if you've bought equipment, you

0:18:44.440 --> 0:18:47.439
<v Speaker 2>can get a loan against your equipment if you have

0:18:47.560 --> 0:18:50.920
<v Speaker 2>government contracts. And you know, I have a client who's

0:18:50.960 --> 0:18:54.560
<v Speaker 2>in construction and they her and her husband, they have

0:18:54.680 --> 0:18:58.600
<v Speaker 2>a business that they do flooring and they do windows

0:18:59.040 --> 0:19:02.600
<v Speaker 2>for apartment buildings and things of that nature. Well, oftentimes

0:19:02.600 --> 0:19:05.159
<v Speaker 2>they have these contracts where they have a promise to

0:19:05.200 --> 0:19:08.639
<v Speaker 2>pay and they have you know, obviously purchase orders that

0:19:08.680 --> 0:19:11.080
<v Speaker 2>are out there, but the work is not until you know,

0:19:11.160 --> 0:19:13.920
<v Speaker 2>six months later when they complete it. Well, you can

0:19:14.000 --> 0:19:19.040
<v Speaker 2>actually get a loan against those purchase orders, right. And

0:19:19.200 --> 0:19:21.080
<v Speaker 2>the other thing we do we can give you get

0:19:21.119 --> 0:19:24.440
<v Speaker 2>you lines of credit, which is really wonderful. I love this.

0:19:24.480 --> 0:19:26.000
<v Speaker 2>It's kind of like a he lock, you know, like

0:19:26.080 --> 0:19:30.159
<v Speaker 2>you can go get an equity against your home. You

0:19:30.200 --> 0:19:33.840
<v Speaker 2>can get you know, a line of credit with credit

0:19:33.920 --> 0:19:38.920
<v Speaker 2>card companies like Chase, an American Express. We also do

0:19:39.000 --> 0:19:42.080
<v Speaker 2>obviously zero percent interest credit card. Now, this is the

0:19:42.119 --> 0:19:46.119
<v Speaker 2>thing that's hot right now is that literally we are

0:19:46.240 --> 0:19:50.720
<v Speaker 2>able to qualify you for a zero percent interest credit

0:19:50.720 --> 0:19:54.280
<v Speaker 2>cards up to eighteen to twenty one months in some cards.

0:19:54.840 --> 0:19:58.760
<v Speaker 2>And literally if you have a plan, a strategic plan

0:19:59.080 --> 0:20:01.919
<v Speaker 2>to go take you know, the twenty five grand that

0:20:01.960 --> 0:20:04.720
<v Speaker 2>American Express gives you on a credit card and you

0:20:04.800 --> 0:20:11.119
<v Speaker 2>can go put it into something like a business somehow.

0:20:11.200 --> 0:20:14.240
<v Speaker 2>I'm telling you, if you can turn that money around,

0:20:14.359 --> 0:20:17.520
<v Speaker 2>you could literally pay no interest on So that is

0:20:17.560 --> 0:20:20.920
<v Speaker 2>what is really really hot nowadays. And the other thing

0:20:20.960 --> 0:20:24.639
<v Speaker 2>about it, Rashean, is this, you don't even have to

0:20:24.800 --> 0:20:31.800
<v Speaker 2>show an actual you don't even have to show that

0:20:31.920 --> 0:20:35.080
<v Speaker 2>how much money you actually make. They're just going by

0:20:35.119 --> 0:20:38.480
<v Speaker 2>your credit score. And you can get zero percent interest cards,

0:20:38.480 --> 0:20:40.960
<v Speaker 2>and we have something that we call credit card stacking

0:20:41.440 --> 0:20:45.960
<v Speaker 2>where we're able to get more from these banks all

0:20:46.000 --> 0:20:49.200
<v Speaker 2>in one shot. So it's a wonderful thing. I see

0:20:49.200 --> 0:20:54.240
<v Speaker 2>people get fifty thousand, sixty thousand just in credit cards.

0:20:54.320 --> 0:20:56.200
<v Speaker 2>And if you were able to make that happen with

0:20:56.320 --> 0:21:00.400
<v Speaker 2>zero percent interest, if you got a plan, I'm telling

0:21:00.400 --> 0:21:03.240
<v Speaker 2>you you can really be able to do some things.

0:21:03.280 --> 0:21:06.399
<v Speaker 2>And so that's just a little bit about what we

0:21:06.680 --> 0:21:09.320
<v Speaker 2>can do for those who come to our website. And

0:21:09.359 --> 0:21:12.760
<v Speaker 2>all it takes is is clicking the button there to

0:21:12.800 --> 0:21:15.159
<v Speaker 2>fill out the short application. We don't ask for your

0:21:15.200 --> 0:21:18.120
<v Speaker 2>social or anything of that nature. We do look at

0:21:18.160 --> 0:21:21.920
<v Speaker 2>experience doing a soft pool to get you pre qualified.

0:21:22.119 --> 0:21:25.080
<v Speaker 2>If you decide to move forward with what we preapprove

0:21:25.160 --> 0:21:30.280
<v Speaker 2>you with, we do ask for an administrative back in

0:21:30.760 --> 0:21:33.880
<v Speaker 2>once what we call a success fee. If we get

0:21:33.920 --> 0:21:36.440
<v Speaker 2>you the money, then you pay us, don't. We don't

0:21:36.440 --> 0:21:40.040
<v Speaker 2>ask for no money until you actually get your money.

0:21:40.200 --> 0:21:42.280
<v Speaker 2>So that's what we do, and that's the kind of

0:21:43.320 --> 0:21:47.119
<v Speaker 2>you know, reputation that we have as well as in

0:21:47.600 --> 0:21:51.399
<v Speaker 2>the the integrity that we have. We say, if you

0:21:51.600 --> 0:21:53.440
<v Speaker 2>don't get anything, we don't get paid.

0:21:53.680 --> 0:21:56.359
<v Speaker 1>Katrina, thank you for coming on Money Making Conversation Masterclass.

0:21:56.359 --> 0:21:59.280
<v Speaker 1>I appreciate you. Thank you for listening to this episode.

0:21:59.440 --> 0:22:02.000
<v Speaker 1>Now I need you to do me a favor right

0:22:02.040 --> 0:22:05.680
<v Speaker 1>now to follow or subscribe to Money Making Conversations. It's

0:22:05.760 --> 0:22:09.760
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0:22:10.080 --> 0:22:13.960
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0:22:14.040 --> 0:22:19.159
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