Maximize Your Buying Power
Quality over Quantity is the key 🔑 for buying a car. The dealership will run your credit multiple times, giving you a bunch of hard inquiries, bringing your credit score down with each inquiry. BUT your credit union will only run your credit once AND you will get a lower interest rate. This is one time when 1 is worth more than 100.
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Having a Good Relationship with your Bank
EVERYTHING IS POSSIBLE, even the things you think are IMPOSSIBLE!!
You don’t have to have a 700+ credit score to acquire a $10,000 credit card when you’re banking with one of these banks, as long as you maintain a good relationship with them…
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Filling Out a Credit Card Application
“What’s understood doesn’t have to be explained!” meaning you know you’re the BOSS, the OWNER of your company but like most things in life, consistency is key! 🔑
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Writing “self employed” as your occupation on a credit card application won’t help you get approved. The owner may have to skip a pay day or 2 in their eyes…
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Writing “president” or “manager” as your occupation shows the bank consistency in pay.
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You’re most likely all of the above anyway, especially if you’re just starting out.
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✅Text 202-918-4595 to join our community!
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LLC Ownership
When your LLC owns everything you have such as your home, you create a structure where you can write off your expenses through your business, bringing your tax liability
down.
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Tax Hack
✅The cash producing assets you purchase with the LARGE amount of debt IS A LOAN!
✅The interest is now a 100% WRITE OFF because you don’t have to pay taxes on borrowed money!!
✅It doesn’t matter if you’re starting out small or you’re looking to scale up, EVERYONE can take advantage of this hack to build your net worth.
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