WEBVTT - Study Hall: Business Credit 101 0:00:00.360 --> 0:00:04.040 Behind every VP Phillip, thousands of people across America go 0:00:04.120 --> 0:00:07.800 to work every day. People producing energy off shore, people 0:00:07.840 --> 0:00:11.200 turning it into products at our refineries, people doing R 0:00:11.240 --> 0:00:14.040 and D to make products that are better for your engine. 0:00:14.160 --> 0:00:17.479 People trading and shipping fuels to their destinations. And the 0:00:17.480 --> 0:00:20.040 people who help you at one of VP's growing family 0:00:20.120 --> 0:00:23.480 of retail stations. They're part of almost three hundred thousand 0:00:23.600 --> 0:00:27.200 jobs VP supports across the country. Learn more at VP 0:00:27.360 --> 0:00:29.840 dot com slash Investing in America. 0:00:30.160 --> 0:00:33.519 You know, if you haven't seen my other videos, definitely 0:00:33.520 --> 0:00:36.519 watching because that way, you know, you could bookmark this 0:00:36.920 --> 0:00:38.960 or come back to it down the road, you know. 0:00:39.080 --> 0:00:41.519 But the first things that we spoke about was, you know, 0:00:41.680 --> 0:00:43.760 building your business profile up correctly. And I'm just going 0:00:43.840 --> 0:00:46.840 to reiterate that a little bit is building your business 0:00:46.880 --> 0:00:50.400 credit profile correctly. So a lot of people watching this. 0:00:50.560 --> 0:00:52.519 If you do not have an EI in or a 0:00:52.640 --> 0:00:57.200 tax tax id or an actual business, it's very simple 0:00:57.240 --> 0:01:00.560 to do it right. So interstate of New Jersey in 0:01:00.600 --> 0:01:01.880 New York, and I know that we have a lot 0:01:01.920 --> 0:01:04.360 of other people that are in other states. I'm gonna 0:01:04.360 --> 0:01:06.559 show you guys, you know, I'm gonna share my screen 0:01:06.600 --> 0:01:08.440 and show you guys, like if you do not have 0:01:08.480 --> 0:01:10.120 an LLC and actual, let's see in the chat, I 0:01:10.120 --> 0:01:11.640 guess the first person is say that they do not 0:01:11.680 --> 0:01:14.080 have an LLC. Let me know what state you're in, 0:01:14.160 --> 0:01:16.720 and I'll show you how easy it is to create 0:01:17.200 --> 0:01:18.479 a business in your state. 0:01:18.520 --> 0:01:19.119 So new York. 0:01:20.880 --> 0:01:22.399 So I'm gonna see all right, so New York. So 0:01:22.440 --> 0:01:24.679 New York is actually kind of tricky. I'm gonna I'm 0:01:24.680 --> 0:01:26.920 gonna just do what I said I was gonna do. 0:01:26.959 --> 0:01:28.800 I so I said, New York is the first one. 0:01:28.959 --> 0:01:31.039 So let's go ahead, right, So all you actually did 0:01:31.080 --> 0:01:32.560 I do that last time? You know, if I shared 0:01:32.560 --> 0:01:36.800 my screen and here here all you guys gotta do right, 0:01:36.880 --> 0:01:38.480 So let me go ahead and share it right quick 0:01:38.920 --> 0:01:41.399 when you go to Google, guys, so you can go 0:01:41.400 --> 0:01:44.400 ahead and create you know, I'm just using LLC because 0:01:44.400 --> 0:01:48.200 it's a very basic term, limited liability corporation. So create 0:01:48.480 --> 0:01:54.200 LLC in New York, right, and literally, guys, remember always 0:01:54.240 --> 0:01:58.000 do this skip the first three. There's always ads. So 0:01:58.080 --> 0:02:00.960 it'll say literally there ad ad ad, and then right 0:02:00.960 --> 0:02:03.639 here to say forming in the LLC in New York. Okay, 0:02:03.880 --> 0:02:06.560 and you just follow the prompts on how to create 0:02:06.560 --> 0:02:07.680 the LLC in New York. 0:02:07.920 --> 0:02:08.120 Right. 0:02:08.840 --> 0:02:11.880 Everything is everything that you really need is in your 0:02:11.880 --> 0:02:14.760 fingertips in Google. Create an LLC in New Jersey. Member, 0:02:14.840 --> 0:02:17.880 skip the ads, boom, stay to New Jersey and make 0:02:17.960 --> 0:02:20.720 sure that it's the dot gov, dot US, dot Treasury, 0:02:20.760 --> 0:02:23.760 dot whatever the case is. And you can literally create 0:02:23.800 --> 0:02:27.000 the LLC online. Our clients do it all the time. 0:02:27.080 --> 0:02:28.480 They literally we teach them how to. 0:02:28.440 --> 0:02:29.000 Just Google it. 0:02:29.440 --> 0:02:34.240 Right, Florida, Create a LLC in Florida, right, skip the ad, 0:02:34.360 --> 0:02:37.600 Skip the ad Florida. You know, make sure it has 0:02:37.639 --> 0:02:40.480 something like with the Florida website. You know this one 0:02:40.520 --> 0:02:44.120 says some biz dot org and file or correct Florida 0:02:44.360 --> 0:02:46.639 LLC like right there. So guys, just to make sure 0:02:46.760 --> 0:02:49.760 ladies that if it's not something that you want to 0:02:49.800 --> 0:02:52.040 pay somebody to do, and I'm gonna I'm gonna take 0:02:52.040 --> 0:02:54.360 a little bit of time in this LLC market right quick, 0:02:54.440 --> 0:02:56.240 just so you guys can kind of understand my thought 0:02:56.240 --> 0:02:58.080 process on it. And I hope you guys understand this. 0:02:58.440 --> 0:03:00.840 I made a post the other day about homework in 0:03:00.880 --> 0:03:03.760 twenty twenty two on Instagram. 0:03:03.840 --> 0:03:06.680 Right, I put homework for I put. 0:03:06.680 --> 0:03:08.720 The first thing is make sure your credit is above 0:03:09.160 --> 0:03:12.560 seven twenty five, which obviously that's a no bringer you 0:03:12.560 --> 0:03:14.280 want your credit over seven hundred. But I said, you 0:03:14.280 --> 0:03:16.440 know what, seven twenty five is a good sweet spot 0:03:16.440 --> 0:03:19.720 and obviously you can aim to go higher number. The 0:03:19.800 --> 0:03:22.680 second thing is open an LLC asap and a lot. 0:03:22.720 --> 0:03:25.200 You know, there were a few comments my mindset, guys 0:03:25.240 --> 0:03:27.320 in twenty twenty two. I don't have time for negativity. 0:03:27.520 --> 0:03:29.760 The minute somebody posts something negative on my page, I 0:03:29.800 --> 0:03:32.320 deleted and block them before the old credit due wuld 0:03:32.360 --> 0:03:34.440 entertain it? Oh you know, you talk about and just 0:03:34.480 --> 0:03:37.040 go on a on a battle with them on Instagram 0:03:37.120 --> 0:03:40.600 and now I just remove it. Right, I feel, and 0:03:40.880 --> 0:03:42.800 as I said one, I'm not an accountant, I'm not 0:03:42.840 --> 0:03:43.400 an attorney. 0:03:44.120 --> 0:03:44.920 I'm the credit dude. 0:03:44.960 --> 0:03:48.160 I do credit and I help people, you know, reach 0:03:48.240 --> 0:03:51.360 their greatness through credit. Right, I feel that every individual 0:03:51.400 --> 0:03:55.320 should have an LLC in their life. Right, others we could, 0:03:55.360 --> 0:03:56.720 you know, it could be like a versus. We can 0:03:56.800 --> 0:03:58.720 rant and we can talk about it, whatever the case is. 0:03:59.280 --> 0:04:01.160 I feel like when you have an LLC, you walk 0:04:01.200 --> 0:04:03.000 a little bit differently, you talk a little bit differently. 0:04:03.000 --> 0:04:04.520 You can make different moves that you wouldn't be able 0:04:04.560 --> 0:04:07.440 to do without an LLC. So I feel that every 0:04:07.440 --> 0:04:10.760 single person in twenty twenty two should create an LLC 0:04:10.920 --> 0:04:13.680 for themselves with their family. And if you don't have 0:04:13.720 --> 0:04:16.800 a business, that's okay. Name it whatever it is that 0:04:16.839 --> 0:04:21.800 you want your last name. You know, Rodriguez Consulting, Rodriguez Management, 0:04:22.040 --> 0:04:25.040 you know, you know EYL Management, whatever the case is, right, 0:04:25.520 --> 0:04:28.840 have a very broad LLC name because there's a lot 0:04:28.880 --> 0:04:29.680 that can come out of it. 0:04:30.880 --> 0:04:31.840 But if you don't have. 0:04:31.800 --> 0:04:34.480 An LLC, and if you don't have a business, then 0:04:34.480 --> 0:04:37.080 how can you start even start to make business moves? 0:04:37.240 --> 0:04:38.919 A lot of people wait, a lot of people. 0:04:39.320 --> 0:04:40.880 Oh you know, well, I don't have a business, so 0:04:41.080 --> 0:04:43.000 let me go ahead and not do it. 0:04:43.040 --> 0:04:43.240 All. 0:04:43.279 --> 0:04:45.679 My credit's not great, so let me not start a business. 0:04:45.680 --> 0:04:47.880 Oh I don't know anyone that has a business, so 0:04:48.120 --> 0:04:49.880 I'm not gonna get in a different room. 0:04:50.000 --> 0:04:51.160 The good thing is EYL. 0:04:51.200 --> 0:04:53.360 You guys all know how you guys, you guys can 0:04:53.400 --> 0:04:55.280 actually get together and two of you can. 0:04:55.200 --> 0:04:55.960 Start a business. 0:04:56.080 --> 0:04:58.159 Oh you know what, two of you guys. Two of 0:04:58.200 --> 0:05:00.120 you guys want to do a vending machine business. But 0:05:00.160 --> 0:05:02.520 you guys don't have the money. It's X amount of dollars. 0:05:02.560 --> 0:05:02.920 Boom. 0:05:02.960 --> 0:05:06.240 Now you can both collaborate getting the LLC together, split 0:05:06.279 --> 0:05:06.599 the cost. 0:05:06.680 --> 0:05:07.960 Boom. Now you guys are partners. 0:05:08.240 --> 0:05:10.359 Right, Oh, you want to buy a truck for you 0:05:10.400 --> 0:05:13.120 guys can get together, going to LLC together, start. 0:05:12.880 --> 0:05:14.120 A trucking company together. 0:05:14.440 --> 0:05:16.360 And that's the thing is the power in this room 0:05:16.480 --> 0:05:19.279 is where if you don't have an LLC and you 0:05:19.360 --> 0:05:22.159 know somebody else that doesn't have an LLC, partner together. 0:05:22.279 --> 0:05:25.839 Obviously they very careful because obviously, you know, friendships could. 0:05:25.640 --> 0:05:29.240 Obviously be destroyed with LLCs. But having a. 0:05:29.200 --> 0:05:31.760 Business will definitely allow you to do certain things. And 0:05:31.760 --> 0:05:34.240 what I mean by that is, now you get an LLC, 0:05:34.640 --> 0:05:37.279 you get your EI in. And the first question that 0:05:37.320 --> 0:05:40.000 I get asked, so guys, this is what I really 0:05:40.000 --> 0:05:42.479 want you to know. I know Miss Business spoke about 0:05:42.480 --> 0:05:45.599 it yesterday, is about getting a virtual office. Right, I 0:05:45.640 --> 0:05:47.400 don't have a business, So what's the point of me 0:05:47.440 --> 0:05:48.560 getting a virtual office? 0:05:48.640 --> 0:05:48.919 Yet? 0:05:49.200 --> 0:05:50.320 Get your virtual. 0:05:50.000 --> 0:05:52.719 Office and then open up your LLC with the address 0:05:52.720 --> 0:05:54.040 that you got the virtual office with. 0:05:54.560 --> 0:05:54.760 Right. 0:05:55.040 --> 0:05:57.040 So a lot of people say, oh, I'm going to 0:05:57.120 --> 0:05:59.600 use my home address to open up the LLC, get 0:05:59.600 --> 0:06:02.760 their red office, then change the office on my LLC 0:06:02.880 --> 0:06:05.800 document to the so much back and forth, get the 0:06:05.880 --> 0:06:09.200 Regius office first, or get the regious guys. For those 0:06:09.200 --> 0:06:12.000 of you guys, it's a virtual office, right, you have opus, 0:06:12.279 --> 0:06:16.320 you have virtual office with Regis. I do not suggest 0:06:16.320 --> 0:06:18.880 getting a virtual mailbox. I do not suggest getting a 0:06:18.880 --> 0:06:21.800 peo box. As you guys all know my previous classes, 0:06:22.120 --> 0:06:26.320 it increases the risk of your business. If you're saying 0:06:26.320 --> 0:06:28.880 that you're gonna be a consulting company or a restaurant 0:06:29.040 --> 0:06:31.640 or a trucking company and you're gonna bring in three, 0:06:31.640 --> 0:06:33.400 four or five hundred thousand dollars a year, but you 0:06:33.400 --> 0:06:36.320 have a virtual office or a peo box or a ups, 0:06:36.720 --> 0:06:39.600 it's gonna call some red flags, right, trust me, it's 0:06:39.640 --> 0:06:43.159 gonna happen. Invest the money in a virtual office like Regis. 0:06:43.279 --> 0:06:45.560 So that way when they google your address, just like 0:06:45.600 --> 0:06:49.599 Miss Business said, it is going to be, it's gonna 0:06:49.600 --> 0:06:51.080 look very big, you know what I mean, You're gonna 0:06:51.080 --> 0:06:53.880 look bigger than what you are, the same way she 0:06:53.880 --> 0:06:55.080 says she had an office. I think it was like 0:06:55.120 --> 0:06:58.159 on fifth, fifth Avenue or whatever the case is. I 0:06:58.240 --> 0:07:00.680 have a virtual office with Regis and I'm on Wall Street. 0:07:01.000 --> 0:07:03.719 I have a virtual office guys in Puerto Rico. I 0:07:03.760 --> 0:07:07.680 have a virtual office in Miami and Texas, Los Angeles, 0:07:07.839 --> 0:07:09.120 and that's summer six. 0:07:09.160 --> 0:07:11.280 So I have six virtual offices for God Credit. 0:07:11.720 --> 0:07:13.800 Right to give you guys a little bit of a 0:07:13.840 --> 0:07:17.680 secret here, God Credit will be in twenty five locations 0:07:17.680 --> 0:07:21.400 this year. Okay in the United States, Do you guys 0:07:21.480 --> 0:07:24.240 really think that God Credit is gonna spend money on 0:07:24.360 --> 0:07:29.240 twenty five offices. No, I'm gonna have twenty five virtual 0:07:29.280 --> 0:07:33.040 offices in twenty five different states. But it's gonna have 0:07:33.080 --> 0:07:35.920 twenty five locations. So you see the difference where if 0:07:35.960 --> 0:07:38.480 you are, you could be a small mom and pop 0:07:38.560 --> 0:07:42.680 company but cover a very large audience and cover a 0:07:42.800 --> 0:07:46.400 very large demographic. With the virtual office, you don't have 0:07:46.520 --> 0:07:48.360 to spend twenty two thousand dollars. 0:07:48.360 --> 0:07:48.800 Think about it. 0:07:48.800 --> 0:07:51.880 In New York, New Jersey, you want to get an 0:07:51.960 --> 0:07:53.720 office for your company, It's gonna cost you two three 0:07:53.720 --> 0:07:54.600 thousand dollars a month. 0:07:55.040 --> 0:07:56.560 Okay, it's very very expensive. 0:07:58.120 --> 0:08:02.200 But get the virtual office first and then register your company. 0:08:02.520 --> 0:08:04.760 You want to know how to register your tax ID literally, 0:08:04.840 --> 0:08:06.800 just go on the I R S website, create E 0:08:06.920 --> 0:08:10.520 I N and it's free, doesn't cost you anything. Now, 0:08:10.520 --> 0:08:12.320 if you guys, don't have the time, if you don't 0:08:12.360 --> 0:08:15.880 want to do it, then were by all means, contact 0:08:15.920 --> 0:08:19.480 an attorney, contact the CPA and and and have them 0:08:19.600 --> 0:08:22.520 create your LLC. But you could do it for yourself, guys, 0:08:22.680 --> 0:08:25.679 at no cost. How long should we wait to apply 0:08:25.720 --> 0:08:29.760 for business credit cards? If you open up your LLC today, 0:08:29.840 --> 0:08:32.720 If you have an LLC today, start today or tomorrow, 0:08:33.160 --> 0:08:36.120 all right, use your personal credit to leverage the you know, 0:08:36.160 --> 0:08:39.440 the American Express, the Chase and the Credit Union credit cards, 0:08:39.960 --> 0:08:42.840 and then start building your business credit up with net 0:08:42.840 --> 0:08:44.640 thirties and gas cards, which is going to be my 0:08:44.679 --> 0:08:47.800 next topic for today. Okay, if you do if you 0:08:47.840 --> 0:08:52.120 have a business, okay, if you have a business business, 0:08:52.200 --> 0:08:56.040 you have a tax ID, you actually have a business. Okay, 0:08:56.400 --> 0:08:58.920 this is the next thing you gotta do. All right, 0:09:00.120 --> 0:09:03.360 If you have not registered with Dunn and Bradstreet, Okay, 0:09:03.400 --> 0:09:06.680 I know I've talked about this in previous classes before. Okay, 0:09:06.679 --> 0:09:10.480 this is what you're gonna do right this right here, guys, is. 0:09:11.760 --> 0:09:14.040 This episode is brought to you by P and C Bank. 0:09:14.400 --> 0:09:17.160 A lot of people think podcasts about work are boring, 0:09:17.400 --> 0:09:21.240 and sure, they definitely can be, but understanding a professionals 0:09:21.320 --> 0:09:24.560 routine shows us how they achieve their success little by little, 0:09:24.960 --> 0:09:28.600 day after day. It's like banking with P and C Bank. 0:09:29.080 --> 0:09:31.880 It might seem boring to save, plan and make calculated 0:09:31.880 --> 0:09:35.000 decisions with your bank, but keeping your money boring is 0:09:35.040 --> 0:09:38.360 what helps you live or more happily fulfilled life. P 0:09:38.480 --> 0:09:43.319 and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 0:09:43.360 --> 0:09:46.000 Boring since eighteen sixty five is a service mark of 0:09:46.000 --> 0:09:49.240 the PNC Financial Service Group, Inc. P and C Bank 0:09:49.679 --> 0:09:56.320 National Association Member fdic ernest What's Up? You ever walk 0:09:56.320 --> 0:09:59.360 into a small business and everything just works like the 0:09:59.480 --> 0:10:03.559 checkout is fast, the receipts are digital, tipping is a breeze, 0:10:03.880 --> 0:10:06.120 and you're out the door before the line even builds. 0:10:06.360 --> 0:10:10.640 Odds are they're using Square? We love supporting businesses that 0:10:10.720 --> 0:10:13.360 run on Square because it just feels seamless. Whether it's 0:10:13.400 --> 0:10:16.400 a local coffee shop, a vendor at a pop up market, 0:10:16.559 --> 0:10:19.440 or even one of our merch partners. Square makes it 0:10:19.600 --> 0:10:22.960 easy for them to take payments, manage inventory, and run 0:10:23.000 --> 0:10:27.000 their business with confidence, all from one simple system. If 0:10:27.040 --> 0:10:29.880 you're a business owner or even just thinking about launching 0:10:29.920 --> 0:10:32.920 something soon, Square is hands down one of the best 0:10:32.920 --> 0:10:36.079 tools out there to help you start, run and grow. 0:10:36.360 --> 0:10:39.360 It's not just about payments, it's about giving you time 0:10:39.480 --> 0:10:42.400 back so you can focus on what matters most ready. 0:10:42.440 --> 0:10:45.800 To see how Square can transform your business, visit Square 0:10:45.880 --> 0:10:50.560 dot com backslash go backslash eyl to learn more. That's 0:10:50.600 --> 0:10:56.040 Square dot com backslash, go backslash eyl. Don't wait, don't hesitate. 0:10:56.160 --> 0:10:58.560 Let's Square handle the back end so you can keep 0:10:58.559 --> 0:10:59.800 pushing your vision forward. 0:11:02.440 --> 0:11:05.160 Coach, the energy out there felt different. What changed for 0:11:05.240 --> 0:11:05.839 the team today? 0:11:05.920 --> 0:11:08.079 It was the new game day scratches from the California 0:11:08.120 --> 0:11:09.120 Lottery players. 0:11:09.160 --> 0:11:09.600 Everything. 0:11:09.920 --> 0:11:11.880 Those games sent the team's energy through the roof. 0:11:11.920 --> 0:11:13.920 Are you saying it was the off field play that 0:11:13.960 --> 0:11:15.079 made the difference on the field. 0:11:15.160 --> 0:11:17.920 Hey, little play makes your day, and today it made 0:11:17.960 --> 0:11:18.320 the game. 0:11:18.840 --> 0:11:20.839 That's all for now, Coach, one more question. 0:11:21.040 --> 0:11:23.840 Play the new Los Angeles Chargers, San Francisco forty nine 0:11:23.920 --> 0:11:27.000 Ers and Los Angeles Rams scratchers from the California Lottery. 0:11:27.080 --> 0:11:30.200 A little play can make your day. Peace Pay responsibly. 0:11:30.320 --> 0:11:32.320 Must be eighteen years or older to purchase plate or claim. 0:11:32.160 --> 0:11:34.000 Let's save you thousands of dollars with people that are 0:11:34.000 --> 0:11:36.760 gonna try to brainwash you to say that you need it. Okay, 0:11:36.840 --> 0:11:38.760 d n B, you're gonna go to the let the 0:11:38.880 --> 0:11:42.000 three initials, guys, D the letter D, the letter N, 0:11:42.480 --> 0:11:48.199 the letter B dot com. Okay, d n B dot Com, 0:11:48.840 --> 0:11:51.080 all right, I'm gonna put this in the chat d 0:11:51.640 --> 0:11:55.080 n B dot com Okay, and then all you're gonna 0:11:55.120 --> 0:11:57.839 do is do this is gonna go to Dun's number. 0:11:58.160 --> 0:12:00.880 You're gonna go ahead and get a DUNEZ number. You're 0:12:00.880 --> 0:12:04.720 gonna go ahead and member, I have a US based business, 0:12:04.800 --> 0:12:06.680 so I'm gonna go ahead and put my I'm gonna 0:12:06.679 --> 0:12:08.800 go ahead and put clean Slight Credit Solutions in there, right, 0:12:09.360 --> 0:12:11.880 go ahead and put your business in there, and see 0:12:12.000 --> 0:12:13.520 if you have a guns number or not. 0:12:14.040 --> 0:12:15.040 Okay, when you. 0:12:15.040 --> 0:12:18.120 Hit search, boom, I have a dune number already, meaning 0:12:18.200 --> 0:12:21.280 your if your business has a Dune number, it's gonna 0:12:21.280 --> 0:12:23.880 come up, right, And all you gotta do is if 0:12:23.880 --> 0:12:28.160 you edit company information, create a profile and you're done right, 0:12:28.400 --> 0:12:31.240 or if your business does not come up, all you 0:12:31.280 --> 0:12:33.400 gotta do, guys, is put get a new Dune number. 0:12:33.960 --> 0:12:39.280 It's free. Look free if you are not if you 0:12:39.360 --> 0:12:42.439 have not done this, stop trying to build business credit. 0:12:42.760 --> 0:12:45.960 Okay. You have to build your Dune number. You have 0:12:46.080 --> 0:12:47.480 to get it, okay. 0:12:47.800 --> 0:12:50.559 And when you build your when you create your Dun's number, 0:12:50.840 --> 0:12:53.240 they're gonna ask you for a copy of your LLC 0:12:53.440 --> 0:12:56.120 document and a copy of your EI in document that. 0:12:56.120 --> 0:12:58.559 You gotta upload. Right. So now I go to get started. 0:12:58.960 --> 0:13:01.000 Okay, And here's a thing, guys is gonna ask you 0:13:01.080 --> 0:13:03.560 create first name, last name email. All right, let me 0:13:03.600 --> 0:13:05.000 just show you what the guys look like I'm gonna do. 0:13:05.000 --> 0:13:07.559 I'm gonna create a fake one, all right. Let's go 0:13:07.600 --> 0:13:11.160 ahead and hear. I'm gonna go to register right. 0:13:11.760 --> 0:13:11.880 Uh. 0:13:12.120 --> 0:13:14.400 Temporary password has been emailed, so let me get that 0:13:14.400 --> 0:13:15.240 pass with right quick. 0:13:15.800 --> 0:13:17.040 I'm telling you, guys, a. 0:13:16.960 --> 0:13:19.760 Lot of people will like you saw the other The 0:13:19.800 --> 0:13:21.960 other way was a thousand I'm saving you, guys, number one, 0:13:21.960 --> 0:13:25.080 one thousand dollars from doing this with dun and Bradstree's website. 0:13:25.120 --> 0:13:27.440 You saw that they aid the charge. It's free. It's 0:13:27.480 --> 0:13:30.000 either three hundred dollars or one thousand dollars. 0:13:30.080 --> 0:13:31.640 If you try to do any of those options gonna 0:13:31.640 --> 0:13:33.520 try to upset you to the thousand dollars and or 0:13:33.880 --> 0:13:36.800 there's gonna be somebody out there that's gonna try to 0:13:36.880 --> 0:13:40.400 charge you money to do this. It's free, doesn't cost anything. 0:13:40.840 --> 0:13:44.079 Okay when you go in there, sometimes the pastor just 0:13:44.120 --> 0:13:47.120 takes mad long and I apologize. 0:13:48.240 --> 0:13:52.000 But guys, creating a d a Dune's number. So with 0:13:52.480 --> 0:13:54.040 dun and Bradstreet, they are. 0:13:53.920 --> 0:13:58.600 The pretty much the biggest business credit reporting agency, Okay, 0:14:00.200 --> 0:14:03.200 through done in Bradstreet, they give you what's called a 0:14:03.320 --> 0:14:08.400 Dun's number. Du n s Okay, with a Don's number 0:14:08.920 --> 0:14:11.520 is what you buy a lot of the times a 0:14:11.640 --> 0:14:14.480 car with. So one of the misconceptions that I get 0:14:14.520 --> 0:14:17.800 every single fucking time, and I'm sorry for cursing, is 0:14:18.679 --> 0:14:20.800 there's no way that you can build there's no way 0:14:20.800 --> 0:14:25.000 you can buy a car without using your personal credit 0:14:25.480 --> 0:14:29.320 to get it, or your business has to be three 0:14:29.400 --> 0:14:31.600 or four years old in order for you to get 0:14:31.760 --> 0:14:34.320 a car strictly under business credit. 0:14:34.920 --> 0:14:39.080 Okay, it's not true, guys. Okay, I have a lot 0:14:39.120 --> 0:14:40.080 of clients that. 0:14:42.080 --> 0:14:45.800 Have businesses that are not even a year old that 0:14:45.880 --> 0:14:48.800 they build their business credit and they get cars into 0:14:48.840 --> 0:14:52.240 their business Okay, So I just got the password email 0:14:52.280 --> 0:14:53.720 to me, so let me go ahead and put that in. 0:14:54.320 --> 0:14:56.640 All right, So I just got the password email to. 0:14:56.640 --> 0:15:05.760 Me, right, so E right, U A D two all right, it's. 0:15:05.640 --> 0:15:08.680 Gonna ask you to change the password. I don't know 0:15:08.680 --> 0:15:10.560 why it's giving me a problem. Let me see if 0:15:10.560 --> 0:15:14.320 I can get it up here. Sorry, guys. Uh, this 0:15:14.400 --> 0:15:15.960 is one of the questions guys that we actually get 0:15:16.000 --> 0:15:20.840 asked a lot is creating a Dune number. And like 0:15:20.880 --> 0:15:24.440 I said, guys, it's free, doesn't uh doesn't cost you 0:15:24.440 --> 0:15:25.160 anything to do. 0:15:25.080 --> 0:15:26.440 It, right? Update? 0:15:27.280 --> 0:15:29.760 Watch So now, when I go in here, right and 0:15:29.800 --> 0:15:32.040 I create you know, you put your legal business name, 0:15:32.360 --> 0:15:37.840 year started, employee account, business description, company website, business phone number, 0:15:37.920 --> 0:15:41.480 business email, you put your business location, You put your 0:15:41.480 --> 0:15:43.880 linked in your Twitter Facebook, which is something they're asking 0:15:43.920 --> 0:15:46.360 for now. And it says attached at least two legal 0:15:46.400 --> 0:15:49.280 documents with the business name and address. You choose the file, 0:15:49.760 --> 0:15:53.280 you upload it, E I N your tax I D done. 0:15:53.640 --> 0:15:56.520 Very simple, it's it's it's it's literally that simple for 0:15:56.560 --> 0:16:01.360 you to create your uh, you're you're done number right now. 0:16:01.480 --> 0:16:05.240 The purpose of a Dune's number, right is any time 0:16:05.280 --> 0:16:09.600 you apply for business credit. Right, They're gonna ask you 0:16:09.680 --> 0:16:12.720 for your DONS number, and a lot of people are like, well, damn, 0:16:12.760 --> 0:16:14.840 I don't have business credit, So like, how am I 0:16:14.880 --> 0:16:17.200 gonna start building it? You guys can watch the previous 0:16:17.200 --> 0:16:19.920 episodes that I did, start with the net thirties, whatever 0:16:19.920 --> 0:16:20.440 the case is. 0:16:20.480 --> 0:16:21.320 But I'm gonna give. 0:16:21.200 --> 0:16:24.360 You guys three accounts today that you guys can start 0:16:24.360 --> 0:16:26.560 building business credit with and typically even if you have 0:16:26.720 --> 0:16:28.960 limited credit, you'll be able to get approved with them. 0:16:28.960 --> 0:16:29.200 Okay. 0:16:29.240 --> 0:16:31.720 So once we start going into it, I'm gonna start 0:16:31.880 --> 0:16:34.200 showing you guys. And also the other website that you 0:16:34.200 --> 0:16:39.040 guys need is is this one is nav dot com. Okay, 0:16:39.640 --> 0:16:42.760 nav dot Com guys, you gotta go to nav dot 0:16:42.800 --> 0:16:47.680 com Forward Slash Pricing okay, and you have to enroll 0:16:48.000 --> 0:16:55.040 under Okay, you have to enroll under the Business Boost package. 0:16:55.080 --> 0:16:59.320 Because what this does is it actually reports your payment 0:16:59.560 --> 0:17:02.240 that you pay for the credit monitoring all the way 0:17:03.320 --> 0:17:07.440 to each business credit reporting agency, which is Equifax Experience 0:17:07.440 --> 0:17:08.440 and done in Bradstreet. 0:17:08.480 --> 0:17:10.840 Okay. I always replay these guys, just because. 0:17:10.560 --> 0:17:13.119 It's very very important. So now when you create your 0:17:13.160 --> 0:17:16.680 GUNS number and you sign up for NAB dot Com. 0:17:17.119 --> 0:17:20.040 Now it reports that payment to done in Bradstreet, It 0:17:20.080 --> 0:17:23.679 activates your business credit profile, reports the Experience, then reports 0:17:23.680 --> 0:17:27.399 the Equifax. Then you're in a better position, you know 0:17:27.440 --> 0:17:29.359 what I mean. You're in a better position because now 0:17:29.640 --> 0:17:31.960 your business culd a report actually showing them some activity. 0:17:32.400 --> 0:17:35.040 All right, let me go ahead and see who has 0:17:35.080 --> 0:17:39.320 some questions. Okay, And like I said, guys, if you 0:17:39.400 --> 0:17:41.720 build your business credit, like I said, watch the previous 0:17:41.760 --> 0:17:43.560 plays that I did as far as which accounts to 0:17:43.600 --> 0:17:45.520 apply for. IM going to give you, guys three more today. 0:17:46.440 --> 0:17:49.359 You can get a car in your business name. You 0:17:49.400 --> 0:17:51.480 can use the Bank of America play that I did. 0:17:51.560 --> 0:17:53.960 So check this out. If you have a car on 0:17:54.000 --> 0:17:56.359 your personal credit, somebody just said here they even used it. 0:17:56.359 --> 0:17:59.480 It's like it's not something that's like Bank of America 0:17:59.560 --> 0:18:01.040 is not gonna call you and say, hey, you have 0:18:01.080 --> 0:18:02.680 a car on your personal credit, do you want to 0:18:02.720 --> 0:18:05.080 refinance it to your business. They gonna tell you that 0:18:05.320 --> 0:18:07.000 it's up to us to make those moves, and it's 0:18:07.080 --> 0:18:09.080 up to us to take catching on those things. 0:18:09.320 --> 0:18:11.800 So you can literally open up an LLC today, guys, 0:18:11.840 --> 0:18:13.440 Get an LLC, get your. 0:18:13.320 --> 0:18:16.000 EI in, get your business bank account, get your done 0:18:16.040 --> 0:18:18.680 and Bradstreet set up, get your nap dot com, build 0:18:18.720 --> 0:18:22.639 a little business credit. And even without building any business credit, 0:18:22.680 --> 0:18:25.200 you could refinance your car from your personal credit from 0:18:25.280 --> 0:18:28.200 Bank of America and slap it on your business credit report. 0:18:28.720 --> 0:18:31.040 And then now it's off. And then now you have 0:18:31.320 --> 0:18:33.439 a three hundred, four hundred and five hundred and six 0:18:33.480 --> 0:18:36.720 seventy hundred card payment off of your personal credit. Now 0:18:36.720 --> 0:18:38.560 it's on your business credit. And what do you think 0:18:38.600 --> 0:18:42.240 that car is doing? That car is building your business credit. 0:18:42.320 --> 0:18:44.880 Now you know what I mean. So now guess what. 0:18:44.960 --> 0:18:46.639 You take that car, you put. 0:18:46.520 --> 0:18:48.840