1 00:00:05,080 --> 00:00:06,000 Speaker 1: Welcome to the show. 2 00:00:06,160 --> 00:00:10,280 Speaker 2: I am Rashan McDonald, the host of Money Making Conversations Masterclass, 3 00:00:10,400 --> 00:00:13,320 Speaker 2: where we encourage people to stop reading other people's success 4 00:00:13,320 --> 00:00:14,120 Speaker 2: stories and. 5 00:00:14,120 --> 00:00:18,880 Speaker 1: Start planning their own. Listen up as I interview entrepreneurs. 6 00:00:18,320 --> 00:00:21,720 Speaker 2: From around the country, talk to celebrities and ask them 7 00:00:21,840 --> 00:00:24,279 Speaker 2: how they are running their companies, and speak with dog 8 00:00:24,360 --> 00:00:27,920 Speaker 2: profits who are making a difference in their local communities. Now, 9 00:00:28,000 --> 00:00:30,520 Speaker 2: sit back and listen as we unlock the secrets to 10 00:00:30,560 --> 00:00:36,319 Speaker 2: their success on Money Making Conversations Masterclass. Hi, I am 11 00:00:36,400 --> 00:00:40,240 Speaker 2: Rashan McDonald, our host of weekly Money Making Conversations Masterclass. 12 00:00:40,280 --> 00:00:40,520 Speaker 1: Show. 13 00:00:40,800 --> 00:00:44,040 Speaker 2: The interviews and information that this show provides off for everyone. 14 00:00:44,280 --> 00:00:47,280 Speaker 2: It's time to stop reading other people's success stories and 15 00:00:47,320 --> 00:00:49,839 Speaker 2: start living your own. If you want to be a 16 00:00:49,880 --> 00:00:54,680 Speaker 2: guest on my show, please visit our website, Moneymakingconversations dot 17 00:00:54,680 --> 00:00:57,920 Speaker 2: com and click to be a guest button. My next 18 00:00:57,920 --> 00:01:01,640 Speaker 2: guest is an award winning finance expert and best selling offer. 19 00:01:01,880 --> 00:01:04,679 Speaker 2: She's also the CEO and CFO of New Day for 20 00:01:04,760 --> 00:01:09,080 Speaker 2: You Financial. She is a national leader and business Funding Solutions. 21 00:01:09,240 --> 00:01:13,240 Speaker 2: Katrina helps women business owners secure up to one hundred 22 00:01:13,280 --> 00:01:16,320 Speaker 2: thousand dollars in funding in one hundred days or less 23 00:01:16,560 --> 00:01:20,280 Speaker 2: with same day approval and next day funding. This is 24 00:01:20,319 --> 00:01:23,360 Speaker 2: the right person to have on money making conversations. Please 25 00:01:23,400 --> 00:01:26,840 Speaker 2: work with the money Making Conversations masterclass, Katrina fitting. 26 00:01:27,000 --> 00:01:30,880 Speaker 1: How you doing, Katrina, I am doing wonderful. 27 00:01:31,160 --> 00:01:35,880 Speaker 3: Nice to be here, Nice to meet you once again. 28 00:01:35,920 --> 00:01:39,400 Speaker 3: I remember seeing you long years ago on the Steve 29 00:01:39,480 --> 00:01:40,199 Speaker 3: Harvey Show. 30 00:01:40,600 --> 00:01:42,440 Speaker 1: That's my man, my man, Steve Harvey. 31 00:01:43,760 --> 00:01:46,800 Speaker 2: I'm cooking up stuff here, cooking up money ideas and everything. 32 00:01:46,840 --> 00:01:49,840 Speaker 2: But it's really funny, Katrina. A lot of people still 33 00:01:49,880 --> 00:01:52,400 Speaker 2: follow me because I bake. A lot of people still 34 00:01:52,400 --> 00:01:55,120 Speaker 2: follow me because I cook all those good things. And 35 00:01:55,320 --> 00:01:57,640 Speaker 2: it's been very fortunate to have that kind of a 36 00:01:57,680 --> 00:02:01,840 Speaker 2: well rounded career. Now money making comesation. Let's start up 37 00:02:01,920 --> 00:02:04,440 Speaker 2: right here. I get a lot of texts, I get 38 00:02:04,480 --> 00:02:07,000 Speaker 2: a lot of emails by people talking about they've looked 39 00:02:07,080 --> 00:02:09,399 Speaker 2: up my credit, They've looked at me on LinkedIn. 40 00:02:09,840 --> 00:02:10,680 Speaker 1: They can give me. 41 00:02:10,960 --> 00:02:13,640 Speaker 4: Fifty thousand dollars and give me sixty five thousand dollars. 42 00:02:13,680 --> 00:02:17,559 Speaker 4: Just give me a call, and what is a scam 43 00:02:18,000 --> 00:02:21,040 Speaker 4: and what you should be on the lookout. When people 44 00:02:21,120 --> 00:02:26,720 Speaker 4: start sending these texts, start sending these emails, engaging potential 45 00:02:26,760 --> 00:02:29,600 Speaker 4: business people who want that big break, who need just 46 00:02:29,680 --> 00:02:33,040 Speaker 4: a little money to jumpstart their dreams. Talk to us 47 00:02:33,040 --> 00:02:35,880 Speaker 4: about those emails that I be getting, and I'm sure 48 00:02:35,919 --> 00:02:37,400 Speaker 4: a lot of people out there get to. 49 00:02:38,280 --> 00:02:42,120 Speaker 3: Yes, ra Sean, this is a really good question because 50 00:02:42,600 --> 00:02:47,160 Speaker 3: oftentimes we get hung up on these what ninety second 51 00:02:47,280 --> 00:02:50,880 Speaker 3: ig takes and you know, these shorts and all of 52 00:02:50,919 --> 00:02:55,480 Speaker 3: these conversations and our emails are being flooded now because 53 00:02:55,800 --> 00:03:00,960 Speaker 3: obviously there is funding now that is available for startups 54 00:03:01,400 --> 00:03:07,359 Speaker 3: and essentially you have to qualify. Oftentimes, when we are 55 00:03:07,480 --> 00:03:11,840 Speaker 3: seeing this, we're not actually talking about what the requirements are. 56 00:03:12,280 --> 00:03:14,880 Speaker 3: And so to make it really frank, because this is 57 00:03:14,919 --> 00:03:17,919 Speaker 3: what I do every day, and that is this, how 58 00:03:17,960 --> 00:03:22,560 Speaker 3: do you qualify? If you have a six point eighty 59 00:03:23,000 --> 00:03:30,120 Speaker 3: credit score or higher, you have at least four figures 60 00:03:30,240 --> 00:03:33,960 Speaker 3: in a credit card already, right, you need to have 61 00:03:34,040 --> 00:03:38,760 Speaker 3: at least ten thousand credit card already, Okay, and you 62 00:03:39,120 --> 00:03:45,840 Speaker 3: have a business that has a mission to make money 63 00:03:46,240 --> 00:03:51,880 Speaker 3: and your risk is low. This is the answer to 64 00:03:51,920 --> 00:03:55,320 Speaker 3: that question. So what that means is that, yes, if 65 00:03:55,400 --> 00:03:59,480 Speaker 3: you take the clickbake or you make the call, the 66 00:03:59,520 --> 00:04:01,560 Speaker 3: first thing thing that's going to happen is that we're 67 00:04:01,600 --> 00:04:04,360 Speaker 3: going to have a conversation with you first to find 68 00:04:04,400 --> 00:04:07,920 Speaker 3: out is your money mindset right, because we don't want 69 00:04:07,920 --> 00:04:10,760 Speaker 3: to be out here racking up the good debt and 70 00:04:10,800 --> 00:04:12,560 Speaker 3: then you're not gonna be responsible. 71 00:04:12,680 --> 00:04:14,560 Speaker 5: That's number one, right. 72 00:04:14,720 --> 00:04:18,160 Speaker 3: Are you ready to actually execute on the money so 73 00:04:18,200 --> 00:04:21,760 Speaker 3: that you can get a cash on cash return is 74 00:04:21,800 --> 00:04:25,159 Speaker 3: what we call it, and so you're able to deploy 75 00:04:25,240 --> 00:04:28,119 Speaker 3: that money properly to be able to pay the money back. 76 00:04:28,600 --> 00:04:32,039 Speaker 2: So the bigger picture, though, Katrina, is that these are 77 00:04:32,320 --> 00:04:35,960 Speaker 2: unknown people contacting you, right, and so that means in 78 00:04:36,040 --> 00:04:40,000 Speaker 2: order to even go beyond, you got to share information 79 00:04:40,240 --> 00:04:45,479 Speaker 2: with them that can in turn enable people to scam you. 80 00:04:46,800 --> 00:04:49,080 Speaker 2: That's the bigger issue here because you get it all 81 00:04:49,120 --> 00:04:49,400 Speaker 2: the time. 82 00:04:50,320 --> 00:04:53,080 Speaker 1: I get it from Chase, I get it from America Express. 83 00:04:53,120 --> 00:04:55,680 Speaker 2: They'll tell you, hey, look you got a credit card here, 84 00:04:55,920 --> 00:04:59,920 Speaker 2: sign here. But that's a brand that we know is legit. 85 00:05:00,400 --> 00:05:03,080 Speaker 2: But there's so many companies out there now there's just 86 00:05:03,320 --> 00:05:07,520 Speaker 2: ramming you, ramming you, ramming your information and bargain opportunities. 87 00:05:08,000 --> 00:05:10,040 Speaker 1: That scam side is very high. 88 00:05:10,320 --> 00:05:13,640 Speaker 2: Not so much about the qualifying side, but that scam side, 89 00:05:14,080 --> 00:05:16,080 Speaker 2: that's the part that I really want to drive home 90 00:05:16,120 --> 00:05:20,960 Speaker 2: to everybody. Is that really really research? And if there 91 00:05:21,000 --> 00:05:25,400 Speaker 2: are any websites that they can go to the union please, yes. 92 00:05:25,360 --> 00:05:28,560 Speaker 3: That is exactly a really good, really good question. And 93 00:05:28,640 --> 00:05:31,279 Speaker 3: the websites you want to go over to what we 94 00:05:31,400 --> 00:05:37,200 Speaker 3: call the Business Better BA right, the Business Bureau Right. 95 00:05:37,240 --> 00:05:40,040 Speaker 3: You want to go over to BBB right, and you 96 00:05:40,120 --> 00:05:43,800 Speaker 3: want to look up that company right and see what 97 00:05:43,839 --> 00:05:48,080 Speaker 3: their scores are and see if they have any bad reviews. 98 00:05:48,520 --> 00:05:50,920 Speaker 3: You want to do your homework, go over to the 99 00:05:51,000 --> 00:05:54,840 Speaker 3: Google dot com and do their homework and see do 100 00:05:54,880 --> 00:05:59,440 Speaker 3: they have any testimonials about people saying they're actually getting 101 00:05:59,520 --> 00:06:05,200 Speaker 3: money right. You can also vet them by asking them 102 00:06:05,400 --> 00:06:08,960 Speaker 3: who are they working with? So on the behind the 103 00:06:08,960 --> 00:06:12,320 Speaker 3: scenes as far as New Day for You financial, we 104 00:06:12,400 --> 00:06:17,080 Speaker 3: work with Chase, we work with American Express, US Bank, 105 00:06:17,320 --> 00:06:20,839 Speaker 3: all of the banks. We have relationships with these banks 106 00:06:20,880 --> 00:06:25,680 Speaker 3: and so we're outsourcing for them. And so that's how 107 00:06:25,760 --> 00:06:28,960 Speaker 3: we know one hundred percent that we're able to get 108 00:06:29,000 --> 00:06:33,800 Speaker 3: you money if you are qualified. And that's the key. 109 00:06:33,880 --> 00:06:36,320 Speaker 3: If you are qualified, and you have to make sure 110 00:06:36,400 --> 00:06:38,680 Speaker 3: that you vet the companies that you want to work 111 00:06:38,720 --> 00:06:42,640 Speaker 3: with to make sure that they are reputable companies. 112 00:06:43,279 --> 00:06:48,080 Speaker 2: Let mention you just quaturia, I apologize. What's the minimum 113 00:06:48,200 --> 00:06:51,200 Speaker 2: somebody that needs to provide to you in order to 114 00:06:51,240 --> 00:06:53,560 Speaker 2: find out if they're qualified when they come to your 115 00:06:53,640 --> 00:06:56,920 Speaker 2: company New Day for You Financial Right. 116 00:06:57,040 --> 00:06:59,560 Speaker 3: So if you go over right now to New Day 117 00:06:59,600 --> 00:07:06,480 Speaker 3: for You Financial dot Co. We have a pre approval process. 118 00:07:06,839 --> 00:07:10,520 Speaker 3: It's a soft pool process. We have a relationship with 119 00:07:10,800 --> 00:07:14,760 Speaker 3: Equifax where we can do a soft pool and we're 120 00:07:14,800 --> 00:07:17,920 Speaker 3: able to see whether you can qualify or not just 121 00:07:18,000 --> 00:07:21,320 Speaker 3: by looking at the information that is available. Once we 122 00:07:21,400 --> 00:07:24,680 Speaker 3: pre qualify you and get you pre approved, the next 123 00:07:24,720 --> 00:07:28,160 Speaker 3: step is that we're going to have a conversation with 124 00:07:28,280 --> 00:07:30,840 Speaker 3: you to make sure that you're able to pay the 125 00:07:30,880 --> 00:07:31,360 Speaker 3: money back. 126 00:07:31,400 --> 00:07:32,880 Speaker 5: You have a plan for the money. 127 00:07:33,440 --> 00:07:37,320 Speaker 3: And this is for startups only, obviously, if you're wanted 128 00:07:37,320 --> 00:07:39,640 Speaker 3: to get you know, some of the six and seven 129 00:07:40,120 --> 00:07:44,520 Speaker 3: figure We do SBA loans, We do collateral loans with 130 00:07:44,680 --> 00:07:50,760 Speaker 3: equipment purchase orders. We do loans as well as lines 131 00:07:50,800 --> 00:07:53,800 Speaker 3: of credit. And so how we're able to do that 132 00:07:54,200 --> 00:07:57,080 Speaker 3: is because we have the relationships with the bank and 133 00:07:57,120 --> 00:08:01,040 Speaker 3: they are doing the underwriting for us to be able 134 00:08:01,080 --> 00:08:04,440 Speaker 3: to make that happen. And so this is the process. 135 00:08:05,160 --> 00:08:08,040 Speaker 2: Now, let's get their emotions out the way. Here, we're 136 00:08:08,040 --> 00:08:10,400 Speaker 2: talking about the president of the United States. Let's get 137 00:08:10,400 --> 00:08:13,080 Speaker 2: their emotion. It's all about money making conversations. It's about business. 138 00:08:13,320 --> 00:08:14,280 Speaker 5: Let's talk about it. 139 00:08:14,600 --> 00:08:16,920 Speaker 2: Let's talk about it here, because that's why I'm at 140 00:08:17,040 --> 00:08:19,680 Speaker 2: I voted the person I voted for. 141 00:08:20,240 --> 00:08:22,560 Speaker 1: Okay, didn't win. I'm good. I'm good. 142 00:08:22,760 --> 00:08:24,960 Speaker 2: I'm telling everybody I'm good. But I also have a 143 00:08:25,000 --> 00:08:31,800 Speaker 2: president who says he's pro entrepreneur, pro small business, or 144 00:08:32,120 --> 00:08:36,480 Speaker 2: going to upgrade the middle class. Talk about your vision 145 00:08:37,000 --> 00:08:41,080 Speaker 2: or the opportunities that may be presented in this new administration. 146 00:08:42,240 --> 00:08:46,240 Speaker 3: Man, I'm telling you well in terms of during the campaign, 147 00:08:46,400 --> 00:08:49,600 Speaker 3: as you know, there was a lot of discussion about 148 00:08:49,600 --> 00:08:53,560 Speaker 3: Project twenty twenty five, right right. And so there's two 149 00:08:53,600 --> 00:08:57,840 Speaker 3: words that I have to say about this upcoming changes 150 00:08:57,880 --> 00:09:00,160 Speaker 3: and the shifts in this economy that's coming up up 151 00:09:00,200 --> 00:09:03,800 Speaker 3: in this Trump administration post might and administration. 152 00:09:04,000 --> 00:09:06,880 Speaker 5: I sum it up in two ways. There's gonna be lots. 153 00:09:06,559 --> 00:09:10,000 Speaker 3: Of change and a whole lot of less weight in 154 00:09:10,160 --> 00:09:13,480 Speaker 3: sea because you know, during the campaign they do a 155 00:09:13,520 --> 00:09:16,360 Speaker 3: lot of talking and you never know what they're really 156 00:09:16,400 --> 00:09:19,160 Speaker 3: going to do. But what he does have going for 157 00:09:19,280 --> 00:09:23,440 Speaker 3: him is that he has what both he has to 158 00:09:23,520 --> 00:09:26,760 Speaker 3: sit it at the house, right, so he has that 159 00:09:26,920 --> 00:09:30,280 Speaker 3: going for him. And so what I am recommending, at 160 00:09:30,360 --> 00:09:32,440 Speaker 3: least that's what I'm doing for me and my house, 161 00:09:32,920 --> 00:09:37,400 Speaker 3: is that I'm saying you need to be prepared, be 162 00:09:37,559 --> 00:09:42,760 Speaker 3: proactive and strategic planning, and get ready to pivot because 163 00:09:42,800 --> 00:09:44,800 Speaker 3: you don't know what he's going to actually do. Because 164 00:09:44,800 --> 00:09:48,079 Speaker 3: there's so many things that he has talked about, especially 165 00:09:48,080 --> 00:09:52,520 Speaker 3: for the business owner and individuals alike, terrorists, social security, 166 00:09:53,280 --> 00:09:57,440 Speaker 3: potential pending deportations. I mean, it's a lot going on here. 167 00:09:57,480 --> 00:09:59,559 Speaker 3: So we just got to wait and see. But there 168 00:09:59,640 --> 00:10:01,400 Speaker 3: is going to be a lot of change for sure. 169 00:10:01,400 --> 00:10:05,600 Speaker 2: Well you know, like I said, also no taxo tips, Yeah, 170 00:10:05,800 --> 00:10:09,599 Speaker 2: no tax no tax on tips. But that's with any administration. 171 00:10:09,720 --> 00:10:12,200 Speaker 2: They all make big pictures about what they're gonna do, 172 00:10:12,960 --> 00:10:15,880 Speaker 2: you know. And well, and like I said, it's all 173 00:10:15,880 --> 00:10:19,200 Speaker 2: a wait and see. And I think I think that 174 00:10:19,800 --> 00:10:22,920 Speaker 2: when I do my show Money Making Conversations Masterclass, it's 175 00:10:22,960 --> 00:10:25,839 Speaker 2: all about information and information that can change your life. 176 00:10:26,040 --> 00:10:30,040 Speaker 2: And that's why you on the show talking about funding SBA. 177 00:10:30,400 --> 00:10:31,760 Speaker 1: Let's move forward. 178 00:10:31,440 --> 00:10:34,120 Speaker 2: Because twenty twenty five is a year that you can 179 00:10:34,160 --> 00:10:37,320 Speaker 2: be your best year if you plan. Now, you said 180 00:10:37,320 --> 00:10:40,520 Speaker 2: the word I thought was really key, Katrina, strategic. 181 00:10:41,000 --> 00:10:41,840 Speaker 5: Strategic. 182 00:10:43,160 --> 00:10:44,040 Speaker 1: Talk to us about that. 183 00:10:44,080 --> 00:10:49,559 Speaker 3: Come on, it is very strategic. So, for example, strategically, 184 00:10:49,960 --> 00:10:52,600 Speaker 3: one of just just talk about the tax code, the 185 00:10:52,720 --> 00:10:55,240 Speaker 3: changes that he wants to make to the tax code, 186 00:10:55,320 --> 00:11:00,560 Speaker 3: right which you're beneficial for business owners. So one of 187 00:11:00,559 --> 00:11:03,880 Speaker 3: those things that is very strategic for business owners that 188 00:11:03,920 --> 00:11:10,040 Speaker 3: he wants to actually do is essentially us being able 189 00:11:10,120 --> 00:11:12,440 Speaker 3: to go back and have that one hundred percent right 190 00:11:12,520 --> 00:11:18,560 Speaker 3: off on any equipment, any vehicle, anything that you are 191 00:11:18,760 --> 00:11:21,080 Speaker 3: using in your business. You can get one hundred percent 192 00:11:21,160 --> 00:11:22,480 Speaker 3: right off in the first year. 193 00:11:23,160 --> 00:11:27,599 Speaker 1: Come on, girl, I mean come on, because. 194 00:11:27,440 --> 00:11:30,160 Speaker 3: Right now it's sixty percent, but it's going back in 195 00:11:30,200 --> 00:11:32,400 Speaker 3: twenty twenty six, it's going to go up to one 196 00:11:32,480 --> 00:11:35,280 Speaker 3: hundred percent. Now that thing right there that made me 197 00:11:35,320 --> 00:11:36,160 Speaker 3: feel real good. 198 00:11:36,760 --> 00:11:39,000 Speaker 1: That's what I'm saying. What I'm saying is that you 199 00:11:39,000 --> 00:11:40,360 Speaker 1: can be angry. I got all. 200 00:11:40,440 --> 00:11:43,160 Speaker 2: You can be emotional, but let's get back to business. 201 00:11:43,400 --> 00:11:46,880 Speaker 2: I'm teking if they ever brought back those personal credit 202 00:11:46,960 --> 00:11:47,720 Speaker 2: card deductions. 203 00:11:47,920 --> 00:11:49,080 Speaker 1: Girl, I don't. 204 00:11:50,080 --> 00:11:50,800 Speaker 5: And that's the thing. 205 00:11:50,960 --> 00:11:54,160 Speaker 3: If you buy the equipment or whatever it is that 206 00:11:54,200 --> 00:11:57,640 Speaker 3: you're trying to do with a card, you can still 207 00:11:57,800 --> 00:11:58,600 Speaker 3: write it off. 208 00:11:59,720 --> 00:12:01,280 Speaker 1: That's what I'm saying. 209 00:12:01,320 --> 00:12:03,800 Speaker 3: This is I mean, I'm just saying there are some 210 00:12:04,000 --> 00:12:06,920 Speaker 3: you know, there are some things that really is going 211 00:12:07,000 --> 00:12:11,160 Speaker 3: to be pro business, that's going to be really really good. 212 00:12:11,320 --> 00:12:15,120 Speaker 5: Now let's talk about some of these other things. 213 00:12:15,160 --> 00:12:18,559 Speaker 3: Because that's he's going to potentially extend the Tax Cut 214 00:12:18,640 --> 00:12:21,199 Speaker 3: Jobs Acts. That's where we're getting that one hundred percent 215 00:12:21,240 --> 00:12:25,640 Speaker 3: expense deduction on R and D expenses, you know, any 216 00:12:25,760 --> 00:12:29,080 Speaker 3: type of expenses. Right, So that's the excellent thing. But 217 00:12:29,280 --> 00:12:36,760 Speaker 3: let's talk about this thing. Uh, he's going to be 218 00:12:36,920 --> 00:12:41,560 Speaker 3: cutting back on these these immigration these you know people. 219 00:12:42,400 --> 00:12:45,200 Speaker 2: A lot of people who use those surfaces, and so 220 00:12:46,080 --> 00:12:49,880 Speaker 2: that's we don't know what it is. I don't know 221 00:12:49,920 --> 00:12:54,079 Speaker 2: how you can deport with leven the thirteen million people exactly. 222 00:12:54,440 --> 00:12:56,520 Speaker 2: You can create a system where you can stop people 223 00:12:56,559 --> 00:12:57,320 Speaker 2: from coming in. 224 00:12:57,800 --> 00:12:58,760 Speaker 5: Yeah, I know that. 225 00:12:59,280 --> 00:13:01,079 Speaker 1: To me, that was just political talk. 226 00:13:01,280 --> 00:13:05,000 Speaker 5: Political talk it because it imacts too much. 227 00:13:05,040 --> 00:13:07,360 Speaker 2: Right, and now I want to turn this into a political show. 228 00:13:07,679 --> 00:13:09,400 Speaker 2: But I do know, but this is my money making 229 00:13:09,400 --> 00:13:14,160 Speaker 2: conversations about lifestyles by finances by especially financial literacy. But 230 00:13:14,200 --> 00:13:16,640 Speaker 2: when you're talking about profit margin, that does make a 231 00:13:16,720 --> 00:13:20,680 Speaker 2: play if your business is tied to that type of worker, 232 00:13:21,440 --> 00:13:25,160 Speaker 2: mean an asset to your current current business. Yeah, when 233 00:13:25,160 --> 00:13:28,480 Speaker 2: we are talking about you though, Katrina, the business model, 234 00:13:29,240 --> 00:13:32,760 Speaker 2: the business plan. So many people you talked about the 235 00:13:32,760 --> 00:13:35,280 Speaker 2: credit report, but so many people coming to you with 236 00:13:35,360 --> 00:13:38,160 Speaker 2: this great idea to Katrina, but they don't have a 237 00:13:38,160 --> 00:13:38,839 Speaker 2: business plan. 238 00:13:39,000 --> 00:13:42,720 Speaker 1: Will you tell my audience how you frown on people 239 00:13:42,720 --> 00:13:44,800 Speaker 1: who walk up to you without a business plan. 240 00:13:45,720 --> 00:13:49,640 Speaker 3: Oh my god, you just don't even know it is. 241 00:13:49,720 --> 00:13:54,640 Speaker 3: So many people think that it's free money, right, and 242 00:13:54,960 --> 00:13:58,280 Speaker 3: you just have an idea pie in the sky. You 243 00:13:58,720 --> 00:14:01,600 Speaker 3: had a dream last night, and now you want your 244 00:14:01,679 --> 00:14:03,080 Speaker 3: money to be able to implement. 245 00:14:03,559 --> 00:14:05,920 Speaker 5: You have to be strategic. You have to put. 246 00:14:05,760 --> 00:14:11,120 Speaker 3: Together a business plan step by step on what you're 247 00:14:11,200 --> 00:14:14,760 Speaker 3: going to deploy the money to do. If you do 248 00:14:14,840 --> 00:14:18,240 Speaker 3: not have a plan on what you're going to do, 249 00:14:18,360 --> 00:14:21,240 Speaker 3: I call it your money mission. If you don't have 250 00:14:21,400 --> 00:14:24,000 Speaker 3: a mission for your money and you don't tell your 251 00:14:24,040 --> 00:14:26,600 Speaker 3: money where to go, guess what you're gonna look up 252 00:14:26,720 --> 00:14:29,360 Speaker 3: and that money is gonna be gone because you already know. 253 00:14:29,920 --> 00:14:34,920 Speaker 3: We have oftentimes a propensity to have money in our 254 00:14:34,960 --> 00:14:38,200 Speaker 3: pocket and it burns and it's hot and you have 255 00:14:38,280 --> 00:14:40,360 Speaker 3: to get it out of your pocket, right Or you 256 00:14:40,600 --> 00:14:42,800 Speaker 3: have a pocket, what holds in it? 257 00:14:42,840 --> 00:14:44,240 Speaker 5: Like my grandmama used to say. 258 00:14:44,560 --> 00:14:46,560 Speaker 3: But you have to have a plan for your money, 259 00:14:46,640 --> 00:14:48,240 Speaker 3: or your money will have a plan and you will 260 00:14:48,320 --> 00:14:50,320 Speaker 3: look up and that money will be gone and you're 261 00:14:50,360 --> 00:14:52,560 Speaker 3: old at money. And that's where you get the bad 262 00:14:52,600 --> 00:14:55,000 Speaker 3: rap and the bad credit. It's because you don't have 263 00:14:55,040 --> 00:14:57,000 Speaker 3: a plan for your money. You have to have a 264 00:14:57,120 --> 00:14:58,040 Speaker 3: spending plan. 265 00:14:59,120 --> 00:14:59,920 Speaker 1: That's like you said, ear. 266 00:15:00,200 --> 00:15:02,640 Speaker 2: You know, when people sit down with you, you want 267 00:15:02,680 --> 00:15:04,920 Speaker 2: to make sure how they can pay that money back. 268 00:15:06,000 --> 00:15:09,200 Speaker 6: Please don't go anywhere. We'll be right back with more 269 00:15:09,240 --> 00:15:18,680 Speaker 6: money Making Conversations Masterclass. Welcome back to the Money Making 270 00:15:18,720 --> 00:15:24,440 Speaker 6: Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations Masterclass 271 00:15:24,480 --> 00:15:29,120 Speaker 6: continues online at Moneymakingconversations dot com and follow money Making 272 00:15:29,120 --> 00:15:33,880 Speaker 6: Conversations Masterclass on Facebook, Twitter, and Instagram. 273 00:15:34,040 --> 00:15:37,280 Speaker 1: Now let's get some let's get even deeper here. Relatives. 274 00:15:37,880 --> 00:15:42,760 Speaker 2: You know how people treat relatives asking for money versus 275 00:15:43,480 --> 00:15:46,720 Speaker 2: a bank. And I try to treat and I've learned 276 00:15:46,720 --> 00:15:51,440 Speaker 2: over the years Katrina, there's a reason why lenders do 277 00:15:51,520 --> 00:15:55,160 Speaker 2: what they do. And please talk to my audience about 278 00:15:55,480 --> 00:15:58,200 Speaker 2: when relatives come to them for money. I don't care 279 00:15:58,200 --> 00:16:01,320 Speaker 2: if it's a small amount of money, large amount of money, 280 00:16:01,440 --> 00:16:03,040 Speaker 2: how you should treat them. 281 00:16:04,440 --> 00:16:12,400 Speaker 3: So I have learned how you're supposed to treat relatives, friends, family, neighbors, 282 00:16:12,520 --> 00:16:16,480 Speaker 3: whomever that comes to you to borrow money. First of all, 283 00:16:17,160 --> 00:16:21,560 Speaker 3: you want to put in actual stipulations. I'm not gonna 284 00:16:21,560 --> 00:16:24,400 Speaker 3: say contract, but I'm just gonna say, you want to 285 00:16:24,520 --> 00:16:30,040 Speaker 3: have a contract or a written agreement, you know, on 286 00:16:30,240 --> 00:16:34,480 Speaker 3: what are the terms on which you are borrowing this 287 00:16:34,640 --> 00:16:38,680 Speaker 3: money for? So you say you want to borrow let's 288 00:16:38,720 --> 00:16:43,320 Speaker 3: just say ten thousand dollars. Okay, that's the amount. So 289 00:16:43,400 --> 00:16:47,080 Speaker 3: what I'm going to find out on what terms are 290 00:16:47,120 --> 00:16:50,400 Speaker 3: we going to have this repayment by when? 291 00:16:51,200 --> 00:16:51,760 Speaker 5: How often? 292 00:16:51,880 --> 00:16:54,320 Speaker 3: The frequency you're going to pay me, which is your 293 00:16:54,360 --> 00:16:55,560 Speaker 3: payments plan? 294 00:16:55,920 --> 00:16:56,960 Speaker 5: By what date? 295 00:16:57,600 --> 00:17:00,440 Speaker 3: And I'm gonna say this is what if you don't 296 00:17:00,480 --> 00:17:04,080 Speaker 3: pay me, this is the penalty. You know, I would 297 00:17:04,119 --> 00:17:07,320 Speaker 3: put some penalties in place on agreements saying if you 298 00:17:07,359 --> 00:17:10,440 Speaker 3: don't do this, hey, you could say collateral. 299 00:17:11,000 --> 00:17:11,199 Speaker 1: You know. 300 00:17:11,240 --> 00:17:13,960 Speaker 3: I'm just saying you know you could say, hey, if 301 00:17:14,000 --> 00:17:16,560 Speaker 3: you don't. 302 00:17:16,000 --> 00:17:19,240 Speaker 1: Oh no, that's that's racist. Oh you you the man. 303 00:17:19,440 --> 00:17:23,240 Speaker 1: Now you trying to hold me back. Okay, you're my cousin, 304 00:17:23,560 --> 00:17:24,320 Speaker 1: you're my sister. 305 00:17:25,480 --> 00:17:29,080 Speaker 3: No, if you're a good steward over your money, you 306 00:17:29,720 --> 00:17:34,560 Speaker 3: have to have some terms in place in order to borrow. 307 00:17:34,640 --> 00:17:36,520 Speaker 3: If people are gonna borrow money, you got to have 308 00:17:36,600 --> 00:17:38,840 Speaker 3: some type of terms in place. You can't just give 309 00:17:38,880 --> 00:17:42,480 Speaker 3: away money because why you're responsible. You've been giving stewardship 310 00:17:42,560 --> 00:17:45,280 Speaker 3: over what you've been blessed with, and so you can't 311 00:17:45,320 --> 00:17:47,720 Speaker 3: just give it away because why your money have a 312 00:17:47,800 --> 00:17:50,520 Speaker 3: mission and you want to be able to what double 313 00:17:50,600 --> 00:17:53,280 Speaker 3: your money you want? When you put money out, you 314 00:17:53,320 --> 00:17:56,560 Speaker 3: wanted to come back to you doublefore right, one hundred four. 315 00:17:57,200 --> 00:17:59,840 Speaker 3: So that's the terms of it, is that you're responsible. 316 00:17:59,880 --> 00:18:02,360 Speaker 3: And so I always just make an agreement and say this. 317 00:18:03,040 --> 00:18:05,600 Speaker 3: If I give you money, I'm going to decide is 318 00:18:05,600 --> 00:18:07,680 Speaker 3: it a gift or is it a loan? 319 00:18:09,800 --> 00:18:10,600 Speaker 5: I give it to you. 320 00:18:10,720 --> 00:18:14,760 Speaker 3: I don't expect anything back, there's no streams attached. Are 321 00:18:15,000 --> 00:18:17,680 Speaker 3: I'm going to put some terms in place in order 322 00:18:17,760 --> 00:18:20,119 Speaker 3: to make sure that I get my money back and 323 00:18:20,240 --> 00:18:20,920 Speaker 3: with interest. 324 00:18:21,280 --> 00:18:23,399 Speaker 2: That's how I do it, I said, I look at 325 00:18:23,400 --> 00:18:26,240 Speaker 2: a person. I said, look, don't worry about paying me back. Here, 326 00:18:26,320 --> 00:18:28,560 Speaker 2: here's the money, because I'm not going to track you down. 327 00:18:28,600 --> 00:18:31,399 Speaker 2: I know exactly who I'm giving money to, because you 328 00:18:31,440 --> 00:18:34,000 Speaker 2: have to evaluate who you're giving your money to. Now, 329 00:18:34,040 --> 00:18:36,480 Speaker 2: I've also given money to people who I know I'm 330 00:18:36,480 --> 00:18:38,680 Speaker 2: going to give the money back. But also I'm giving 331 00:18:38,720 --> 00:18:40,560 Speaker 2: money to people I go, don't worry about it. I 332 00:18:40,600 --> 00:18:42,479 Speaker 2: got you. Don't worry about it. It's a gift. I 333 00:18:42,600 --> 00:18:45,040 Speaker 2: just want to see you be successful. But what I 334 00:18:45,280 --> 00:18:47,800 Speaker 2: just wanted to state in this conversation I was having 335 00:18:47,800 --> 00:18:53,200 Speaker 2: with Katrina here was that they are rules to being successful. 336 00:18:53,280 --> 00:18:56,000 Speaker 2: They are rules to borrow money. They're rules. 337 00:18:56,520 --> 00:18:59,399 Speaker 1: And there's so many people in the minority community, the 338 00:18:59,440 --> 00:19:01,840 Speaker 1: community color, and I know it's difficult. 339 00:19:02,400 --> 00:19:06,159 Speaker 2: I know our skin tone, I know our background may 340 00:19:06,200 --> 00:19:08,840 Speaker 2: hold us back. But when you're trying to borrow money, 341 00:19:09,760 --> 00:19:13,480 Speaker 2: there has to be rules. It has to they had 342 00:19:13,720 --> 00:19:16,159 Speaker 2: just because you want one hundred thousand dollars. If they 343 00:19:16,200 --> 00:19:18,520 Speaker 2: give you that one hundred thousand dollars and you don't 344 00:19:18,560 --> 00:19:21,119 Speaker 2: have a business plan, then they are the foods and 345 00:19:21,200 --> 00:19:22,520 Speaker 2: they will be shut down. 346 00:19:23,040 --> 00:19:24,680 Speaker 5: There you go one hundred percent. 347 00:19:24,680 --> 00:19:28,000 Speaker 3: If we have loans that we give out and they 348 00:19:28,080 --> 00:19:32,360 Speaker 3: become bad loans, that hurts my business. Right, So that's 349 00:19:32,359 --> 00:19:35,760 Speaker 3: why we vet our clients thoroughly and to make sure 350 00:19:35,800 --> 00:19:38,240 Speaker 3: that they have a plan in place. We can look 351 00:19:38,240 --> 00:19:42,040 Speaker 3: at their history to see what was the of they trustworthy? 352 00:19:42,320 --> 00:19:45,800 Speaker 3: What are their creditibility to other people? Right even with 353 00:19:45,840 --> 00:19:48,800 Speaker 3: your family, if you have other family members that said, hey, 354 00:19:49,440 --> 00:19:52,200 Speaker 3: they didn't pay me back, you have another family member 355 00:19:52,200 --> 00:19:54,320 Speaker 3: they didn't pay me back, So why you're gonna line 356 00:19:54,359 --> 00:19:55,560 Speaker 3: up to get not paid back? 357 00:19:55,680 --> 00:19:57,720 Speaker 5: So it's the same thing with the paints. 358 00:19:57,960 --> 00:20:01,040 Speaker 3: You know, they're gonna look at your credible, your history, 359 00:20:01,080 --> 00:20:04,200 Speaker 3: your credit profile, what have your history been, and so 360 00:20:04,320 --> 00:20:06,800 Speaker 3: these other things that I've been seeing out here is 361 00:20:06,840 --> 00:20:10,240 Speaker 3: that you're saying, hey, business, we're gonna get you business credit. 362 00:20:10,520 --> 00:20:12,600 Speaker 3: And you think you're gonna get business credit and they're 363 00:20:12,600 --> 00:20:15,800 Speaker 3: not gonna look at your personal credit profile. Well, they 364 00:20:15,800 --> 00:20:17,600 Speaker 3: don't have nothing to go by. They're not going to 365 00:20:17,720 --> 00:20:20,800 Speaker 3: just give you credit if they don't even know what 366 00:20:20,840 --> 00:20:21,800 Speaker 3: your history is. 367 00:20:22,960 --> 00:20:25,040 Speaker 2: Oh, I love it, I love it. Katrina. We are 368 00:20:25,080 --> 00:20:28,359 Speaker 2: doing good girl. Okay, I'm talking to Katrina fitting she's 369 00:20:28,400 --> 00:20:32,600 Speaker 2: the CEO and CFO of New Day for You Financial. Now, 370 00:20:32,640 --> 00:20:34,720 Speaker 2: when I opened the show, I want to get back 371 00:20:34,760 --> 00:20:37,639 Speaker 2: to this, I said, you are a national leader and 372 00:20:37,760 --> 00:20:42,960 Speaker 2: business funding solutions. Katrina helps women business owners secure one 373 00:20:43,000 --> 00:20:46,119 Speaker 2: hundred thousand dollars in funding in one hundred days or 374 00:20:46,200 --> 00:20:49,480 Speaker 2: less with same their approvals and next day funding. 375 00:20:49,800 --> 00:20:51,880 Speaker 1: Tell us how that works, right? 376 00:20:52,160 --> 00:20:56,360 Speaker 3: So, for example, my one of my clients, Angeline, she 377 00:20:56,600 --> 00:20:59,639 Speaker 3: is a she's a tax accountant, she does taxes, she 378 00:20:59,760 --> 00:21:03,440 Speaker 3: does tax strategy and bookkeeping for her business. She came 379 00:21:03,480 --> 00:21:06,800 Speaker 3: to me she was like, Katrina, we are in need 380 00:21:06,840 --> 00:21:10,399 Speaker 3: of doing some rebranding for our business and I want 381 00:21:10,560 --> 00:21:12,840 Speaker 3: to get a minimum of one hundred k to be 382 00:21:12,880 --> 00:21:17,080 Speaker 3: able to deploy this to get some additional help and team. 383 00:21:17,760 --> 00:21:21,119 Speaker 3: And so that's what we did. We did a credit 384 00:21:21,600 --> 00:21:25,480 Speaker 3: analysis on her. We saw that she had good credibility, 385 00:21:25,600 --> 00:21:28,679 Speaker 3: she was very trustworthy, she paid her bills on time, 386 00:21:29,600 --> 00:21:32,359 Speaker 3: and she had a business that was already making revenue. 387 00:21:32,480 --> 00:21:35,520 Speaker 3: So if we already knew pre approval, we were able 388 00:21:35,560 --> 00:21:38,920 Speaker 3: to get her the money that she requested. We went 389 00:21:38,960 --> 00:21:42,480 Speaker 3: through the process of asking her what is your business plan, 390 00:21:42,680 --> 00:21:46,159 Speaker 3: what are you going to do with it? Once we applied, 391 00:21:46,359 --> 00:21:49,800 Speaker 3: we went through underwriting. We were able to secure her 392 00:21:49,880 --> 00:21:55,199 Speaker 3: one hundred and sixty thousand dollars in funding in less 393 00:21:55,280 --> 00:21:56,280 Speaker 3: than a week. 394 00:21:56,840 --> 00:22:00,760 Speaker 5: Why because she was already ready, She. 395 00:22:00,800 --> 00:22:05,200 Speaker 3: Had the revenue, she had the business plan, she already 396 00:22:05,320 --> 00:22:10,879 Speaker 3: had a business that was already operating. She's been in 397 00:22:10,920 --> 00:22:14,600 Speaker 3: business for over twenty years, right, so we know that 398 00:22:14,680 --> 00:22:18,240 Speaker 3: we can get that money to her really quick, right, 399 00:22:18,840 --> 00:22:23,640 Speaker 3: Versus someone who they have, you know, pretty sketchy credit. Right, 400 00:22:23,680 --> 00:22:25,840 Speaker 3: they have some challenges there, They've had a lot of 401 00:22:25,920 --> 00:22:28,600 Speaker 3: late pavements, they have some collections on that. 402 00:22:29,040 --> 00:22:30,120 Speaker 5: We will tell. 403 00:22:29,920 --> 00:22:33,359 Speaker 3: Them you need to go to. We have relationships with 404 00:22:33,520 --> 00:22:36,840 Speaker 3: credit restoration consultancies. 405 00:22:37,280 --> 00:22:39,879 Speaker 5: We help them. We will refer them to get their credit, 406 00:22:40,160 --> 00:22:40,439 Speaker 5: you know. 407 00:22:40,600 --> 00:22:40,840 Speaker 1: Right. 408 00:22:41,280 --> 00:22:43,879 Speaker 3: Once they get their credit right and they are meeting 409 00:22:43,880 --> 00:22:46,679 Speaker 3: their requirements over time, we see they have some history 410 00:22:46,680 --> 00:22:50,000 Speaker 3: where they're starting to pay on time, then yes, we're 411 00:22:50,040 --> 00:22:54,000 Speaker 3: able to get them some funding as well. But we 412 00:22:54,040 --> 00:22:56,480 Speaker 3: want to make sure that we're not out here just 413 00:22:56,520 --> 00:22:59,159 Speaker 3: telling people we're going to give everybody one hundred thousand. 414 00:22:59,400 --> 00:23:02,480 Speaker 3: We have to pre qualify you first. Once you get 415 00:23:02,480 --> 00:23:05,399 Speaker 3: past our prequalification and you have a plan and a 416 00:23:05,440 --> 00:23:07,960 Speaker 3: mission for your money, oh, we can help you all day. 417 00:23:08,600 --> 00:23:10,840 Speaker 2: I don't know it's right business plan here that business 418 00:23:10,840 --> 00:23:14,760 Speaker 2: player here, Katrina, she said, business plan and some years 419 00:23:14,920 --> 00:23:17,400 Speaker 2: in business, don't we're coming up here. You've been in 420 00:23:17,440 --> 00:23:20,800 Speaker 2: business for six months or year expecting to get a 421 00:23:20,800 --> 00:23:24,080 Speaker 2: lot of money because we have risk. It's risky, your 422 00:23:24,200 --> 00:23:26,320 Speaker 2: risk and a lot of people want to hear the 423 00:23:26,320 --> 00:23:27,920 Speaker 2: word risks when they starting to when you're messing with 424 00:23:27,960 --> 00:23:31,520 Speaker 2: their dreams though, Katrina, NOWTNA, what are the implications of 425 00:23:31,640 --> 00:23:35,040 Speaker 2: the ongoing discussions by Social Security benefits for everyday American? 426 00:23:35,080 --> 00:23:38,280 Speaker 1: What are the implications there? Because I get my check, 427 00:23:38,280 --> 00:23:39,240 Speaker 1: I don't wonder if I messed. 428 00:23:40,160 --> 00:23:42,600 Speaker 3: Look, I'm telling you my husband is looking forward to here. 429 00:23:42,800 --> 00:23:49,080 Speaker 3: So essentially, you know, there's obviously seventy something million Americans 430 00:23:49,119 --> 00:23:53,280 Speaker 3: who are on Social Security right and they are actually 431 00:23:54,400 --> 00:23:57,840 Speaker 3: just fixing it. According to a Cola, you know, they 432 00:23:57,960 --> 00:24:01,320 Speaker 3: are actually fixing to get a increase of two point 433 00:24:01,400 --> 00:24:04,640 Speaker 3: five percent on their Social Security So that's really good 434 00:24:04,720 --> 00:24:06,480 Speaker 3: that they're going to give them a you know, it's 435 00:24:06,520 --> 00:24:09,239 Speaker 3: a cost of living Cola is cost of living. Uh, 436 00:24:09,280 --> 00:24:11,159 Speaker 3: They're gonna give them a cost of living ring. So 437 00:24:11,280 --> 00:24:15,640 Speaker 3: everybody would get maybe about fifty dollars per month starting 438 00:24:15,640 --> 00:24:18,879 Speaker 3: in januaryuber Aria. So that's a good cost of living 439 00:24:18,920 --> 00:24:22,280 Speaker 3: adjustment that they're going to give them. But what he's 440 00:24:22,320 --> 00:24:27,879 Speaker 3: proposing our new administration coming in, what he's proposing is 441 00:24:28,440 --> 00:24:34,080 Speaker 3: there would be no taxes on your income coming in 442 00:24:34,160 --> 00:24:35,240 Speaker 3: through Social Security. 443 00:24:35,560 --> 00:24:36,879 Speaker 5: This is what he's proposing. 444 00:24:37,000 --> 00:24:39,440 Speaker 2: I'm gonna tell you something, I never understood why I'm 445 00:24:39,480 --> 00:24:42,359 Speaker 2: being taxed. Check's not that big anyway, it's it's the 446 00:24:42,440 --> 00:24:45,880 Speaker 2: most amazing. Okay, once I'm in retirement, I've worked all 447 00:24:45,960 --> 00:24:46,400 Speaker 2: my life. 448 00:24:46,800 --> 00:24:49,159 Speaker 1: That money was supposed to have come out of my 449 00:24:49,320 --> 00:24:50,119 Speaker 1: work history. 450 00:24:50,840 --> 00:24:53,159 Speaker 2: Now I get this check and this tax I never 451 00:24:53,240 --> 00:24:53,880 Speaker 2: understood that. 452 00:24:54,000 --> 00:24:54,800 Speaker 1: I never understood. 453 00:24:55,000 --> 00:24:59,600 Speaker 3: Yeah, it's just it's you know, I don't understand it either. 454 00:24:59,640 --> 00:25:02,760 Speaker 3: But at as you already know, it's all about, you know, 455 00:25:02,840 --> 00:25:06,119 Speaker 3: getting more money, right as the old folks say, uncle, 456 00:25:06,160 --> 00:25:09,280 Speaker 3: sound you know they won't they money? 457 00:25:09,359 --> 00:25:09,600 Speaker 5: Right? 458 00:25:09,920 --> 00:25:12,800 Speaker 3: But yes, but that's what he is actually proposed in 459 00:25:12,920 --> 00:25:16,000 Speaker 3: doing that is to allow them not to have to 460 00:25:16,000 --> 00:25:20,240 Speaker 3: pay taxes on that, which I am very much in 461 00:25:20,320 --> 00:25:21,080 Speaker 3: agreement with that. 462 00:25:21,840 --> 00:25:24,920 Speaker 2: Now, with your experience in your background talking to CEO 463 00:25:25,080 --> 00:25:28,240 Speaker 2: and CFO of New Day for you financial, what are 464 00:25:28,320 --> 00:25:30,760 Speaker 2: all the services that you guys provide you to go 465 00:25:30,800 --> 00:25:33,159 Speaker 2: to the website. Can you give us a precursor on 466 00:25:33,240 --> 00:25:35,480 Speaker 2: what to expect when you go to the website and 467 00:25:35,560 --> 00:25:39,400 Speaker 2: what's your main purpose is? If there's funding other services 468 00:25:39,440 --> 00:25:42,400 Speaker 2: that you provide at New Day for you Financial. 469 00:25:43,160 --> 00:25:47,280 Speaker 3: Yeah, so obviously we are a financial education consulting company 470 00:25:47,320 --> 00:25:49,760 Speaker 3: as well. So when you go over to New Day 471 00:25:49,800 --> 00:25:54,199 Speaker 3: FORU Financial dot Co. There we have a whole page 472 00:25:54,240 --> 00:25:57,000 Speaker 3: of all of the different services that we provide. Like 473 00:25:57,040 --> 00:26:02,200 Speaker 3: I had mentioned to you earlier, we provide SBA loans. 474 00:26:02,600 --> 00:26:06,879 Speaker 3: We actually provide equipment loans, Like if you've bought equipment, 475 00:26:06,960 --> 00:26:09,879 Speaker 3: you can get a loan against your equipment. If you 476 00:26:09,960 --> 00:26:13,240 Speaker 3: have government contracts and you know, I have a client 477 00:26:13,280 --> 00:26:17,040 Speaker 3: who's in construction and they her and her husband, they 478 00:26:17,080 --> 00:26:20,280 Speaker 3: have a business that they do flooring and they do 479 00:26:20,400 --> 00:26:24,560 Speaker 3: windows for apartment buildings and things of that nature. Well, 480 00:26:24,600 --> 00:26:27,680 Speaker 3: oftentimes they have these contracts where they have a promise 481 00:26:27,720 --> 00:26:31,160 Speaker 3: to pay and they have you know, obviously purchase artists 482 00:26:31,200 --> 00:26:33,240 Speaker 3: that are out there, but the work is not until 483 00:26:33,520 --> 00:26:36,080 Speaker 3: you know, six months later when they complete it. Well, 484 00:26:36,160 --> 00:26:40,040 Speaker 3: you can actually get a loan against those purchase orders, right, 485 00:26:41,600 --> 00:26:43,399 Speaker 3: And the other thing we do we can give you 486 00:26:43,520 --> 00:26:46,680 Speaker 3: get you lines of credit, which is really wonderful. 487 00:26:46,720 --> 00:26:47,080 Speaker 5: I love this. 488 00:26:47,119 --> 00:26:48,760 Speaker 3: It's kind of like a heelock, you know, like you 489 00:26:48,800 --> 00:26:53,000 Speaker 3: can go get an equity against your home. You can 490 00:26:53,040 --> 00:26:56,800 Speaker 3: get you know, a line of credit with credit card 491 00:26:56,840 --> 00:27:02,360 Speaker 3: companies like Chase and American We also do obviously zero 492 00:27:02,480 --> 00:27:05,240 Speaker 3: percent interest credit card. Now, this is the thing that's 493 00:27:05,280 --> 00:27:09,320 Speaker 3: hot right now is that literally we are able to 494 00:27:09,440 --> 00:27:14,080 Speaker 3: qualify you for a zero percent interest credit cards up 495 00:27:14,119 --> 00:27:17,640 Speaker 3: to eighteen to twenty one months in some cards, and 496 00:27:18,040 --> 00:27:21,800 Speaker 3: literally if you have a plan, a strategic plan to 497 00:27:21,920 --> 00:27:25,040 Speaker 3: go take you know, the twenty five grand that American 498 00:27:25,040 --> 00:27:27,600 Speaker 3: Express gives you on a credit card and you can 499 00:27:27,640 --> 00:27:34,040 Speaker 3: go put it into something like a business somehow. I'm 500 00:27:34,080 --> 00:27:37,080 Speaker 3: telling you, if you can turn that money around, you 501 00:27:37,119 --> 00:27:40,400 Speaker 3: could literally pay no interest on So that is what 502 00:27:40,560 --> 00:27:44,800 Speaker 3: is really really hot nowadays. And the other thing about it, Rashan, 503 00:27:44,960 --> 00:27:51,400 Speaker 3: is this you don't even have to show an actual 504 00:27:52,960 --> 00:27:55,320 Speaker 3: you don't even have to show that how much money 505 00:27:55,359 --> 00:27:58,720 Speaker 3: you actually make. They're just going by your credit score. 506 00:27:58,800 --> 00:28:01,320 Speaker 3: And you can get zero percent interest cards. And we 507 00:28:01,400 --> 00:28:04,480 Speaker 3: have something that we call credit card stacking where we're 508 00:28:04,560 --> 00:28:09,600 Speaker 3: able to get more from these banks all in one shot. 509 00:28:09,840 --> 00:28:13,520 Speaker 3: So it's a wonderful thing. I see people get fifty thousand, 510 00:28:14,440 --> 00:28:17,480 Speaker 3: sixty thousand just in credit cards and if you were 511 00:28:17,520 --> 00:28:20,760 Speaker 3: able to make that happen with zero percent interest, if 512 00:28:20,760 --> 00:28:23,840 Speaker 3: you got a plan, I'm telling you you can really 513 00:28:24,520 --> 00:28:27,199 Speaker 3: be able to do some things. And so that's just 514 00:28:27,280 --> 00:28:30,359 Speaker 3: a little bit about what we can do for those 515 00:28:30,400 --> 00:28:32,760 Speaker 3: who come to our website. And all it takes is 516 00:28:32,760 --> 00:28:36,879 Speaker 3: is clicking the button there to fill out the short application. 517 00:28:37,000 --> 00:28:39,480 Speaker 3: We don't ask for your social or anything of that nature. 518 00:28:39,920 --> 00:28:43,160 Speaker 3: We do look at experience doing a soft pool to 519 00:28:43,240 --> 00:28:46,480 Speaker 3: get you pre qualified. If you decide to move forward 520 00:28:46,560 --> 00:28:50,160 Speaker 3: with what we preapprove you with, we do ask for 521 00:28:50,440 --> 00:28:55,560 Speaker 3: an administrative back in once what we call a success fee. 522 00:28:55,880 --> 00:28:58,240 Speaker 3: If we get you the money, then you pay us. 523 00:28:58,760 --> 00:29:02,120 Speaker 3: We don't ask for no money until you actually get 524 00:29:02,160 --> 00:29:04,280 Speaker 3: your money. So that's what we do. And that's the 525 00:29:04,440 --> 00:29:08,560 Speaker 3: kind of uh, you know, reputation that we have as 526 00:29:08,640 --> 00:29:13,240 Speaker 3: well as in the the integrity that we have. We say, 527 00:29:13,680 --> 00:29:16,320 Speaker 3: if you don't get anything, we don't get paid. So 528 00:29:16,360 --> 00:29:17,440 Speaker 3: that's how good we are. 529 00:29:17,800 --> 00:29:18,080 Speaker 1: Cool. 530 00:29:18,200 --> 00:29:20,640 Speaker 2: I'll tell you what, Katrina, this is awesome. I'm gonna 531 00:29:20,640 --> 00:29:23,200 Speaker 2: bring you back in the first quarter after he settle 532 00:29:23,280 --> 00:29:27,880 Speaker 2: in yes, making these decisions, we're gonna find out if 533 00:29:27,920 --> 00:29:31,280 Speaker 2: we get that credit card one hundred percent right off 534 00:29:31,280 --> 00:29:34,960 Speaker 2: for the expense, we're gonna get no tax on Social Security, 535 00:29:35,360 --> 00:29:38,719 Speaker 2: We're gonna get no tax on tips. All those things 536 00:29:39,280 --> 00:29:42,120 Speaker 2: are big win. All those things mean, and that's how 537 00:29:42,120 --> 00:29:44,800 Speaker 2: you get the economy rolling. See, people don't understand that 538 00:29:44,840 --> 00:29:47,600 Speaker 2: when you start giving back and don't. If I don't 539 00:29:47,600 --> 00:29:49,800 Speaker 2: get taxed on my Social Security gets what that's money 540 00:29:49,840 --> 00:29:52,360 Speaker 2: I won't spend. That's how the economy. That's how the 541 00:29:52,440 --> 00:29:55,880 Speaker 2: economy rolls. When you have money to spend. If I'm 542 00:29:55,920 --> 00:29:59,880 Speaker 2: able to write off my business expense at one hundred 543 00:30:00,280 --> 00:30:02,280 Speaker 2: guess what I'm gonna take that money, I say, and 544 00:30:02,320 --> 00:30:05,760 Speaker 2: I'm gonna spend it. That's how the economy rolls. If 545 00:30:05,840 --> 00:30:09,800 Speaker 2: I am a waiter are operating off tips and it's 546 00:30:09,840 --> 00:30:12,400 Speaker 2: not tax I'm gonna take that money and I'm gonna 547 00:30:12,440 --> 00:30:12,840 Speaker 2: spend it. 548 00:30:12,920 --> 00:30:15,760 Speaker 1: That's how the economy rolls. And all people don't. 549 00:30:15,600 --> 00:30:18,120 Speaker 2: Understand that if you have money, you spend it. I 550 00:30:18,160 --> 00:30:20,560 Speaker 2: don't care who you are. And that's what we're talking about. 551 00:30:20,640 --> 00:30:23,520 Speaker 2: Not moving into twenty twenty five. I feel it's gonna 552 00:30:23,520 --> 00:30:25,239 Speaker 2: be a great year for us all as lung as 553 00:30:25,240 --> 00:30:27,840 Speaker 2: we understand if you have a business plan and if 554 00:30:27,840 --> 00:30:30,960 Speaker 2: you know somebody like Katrina fitting and you better have 555 00:30:31,000 --> 00:30:33,680 Speaker 2: your business plan together. And when you go to the website, 556 00:30:33,760 --> 00:30:37,280 Speaker 2: as she said, you know new day for you Financial 557 00:30:37,440 --> 00:30:37,960 Speaker 2: dot co. 558 00:30:38,640 --> 00:30:41,400 Speaker 1: Yes and click that button. It can change your life. 559 00:30:41,480 --> 00:30:44,120 Speaker 2: Katrina, thank you for coming on Money Making Conversations Masterclass. 560 00:30:44,160 --> 00:30:46,600 Speaker 3: I appreciate you, thank you, thank you for having me 561 00:30:46,640 --> 00:30:47,920 Speaker 3: and look forward to coming back soon. 562 00:30:49,600 --> 00:30:52,840 Speaker 2: This has been another edition of Money Making Conversation Masterclass 563 00:30:52,920 --> 00:30:56,000 Speaker 2: posted by me Rashaun McDonald. Thank you to our guests 564 00:30:56,080 --> 00:30:58,600 Speaker 2: on the show today and thank you. I'll listening to 565 00:30:58,720 --> 00:31:01,080 Speaker 2: audience now. If you want to listen to any episode 566 00:31:01,160 --> 00:31:03,240 Speaker 2: I want to be a guest on the show, visit 567 00:31:03,480 --> 00:31:08,240 Speaker 2: Moneymakingconversations dot com. Our social media handle is Moneymaking Conversation. 568 00:31:08,680 --> 00:31:11,080 Speaker 2: Join us next week and remember to always leave with 569 00:31:11,160 --> 00:31:11,720 Speaker 2: your gifts. 570 00:31:12,040 --> 00:31:12,600 Speaker 1: Keep winning.