Study Hall: How to Turn Credit into Cash with Him 500

is really what I pride myself on. And that's you know, gonna be the basis for the night too.

of the podcast. Is pretty much like on Steroids for people that want like more hands on experience and actually you know, get to actually you know, ask questions.

teaches on a different topic. So whether it's real estate, whether it's credit, whether it's student loans, whether it's stocks, every single week is different. Every Wednesday at eight o'clock Eastern Standard time. And then so all of that's archives. So it's currently one hundred webinars right there. And then we have a private Investment group on Facebook, which is a community. It's five thousand people in that and people

get together and they talk about investing. Is all kinds of infinity groups in there, and it's a whole it's a whole accountability. And then we also have a movie club and a book club. And then once a month I do financial planning calls. Everybody knows I'm a financial advisor, so I do want financial planning calls. Once a month. We do bi weekly real estate calls with MG the

Mortgage Guy. And what has been added this year to Eyo University is MG the Mortgage Guys Home Barer's Blueprint, which is over fifteen hours of content in one hundred videos. So if you join el University, you get that as a member, step by step booklet to get and what

we what we just announced on market Monday. So everybody, including including him five hundred every time like we talk about stocks and all that because they know we got we got the investment group chat and we showed we showed the guys our portfolio, like YO, put me in the group chat, show me how to do this stead of that. So you know, we got so many requests to like, YO, how to like let me know your

plays like the group chat. So we're going to do once a month group chat calls, investment group chat calls where we're just gonna it's a free form meet Jamal Troy, our whole team, and we're going to actually just tell you the plays that we're not we're not telling you to make those.

that's how you build community. It's not just like Yo, we're gonna give. We're gonna give. It's gonna be given.

my thing is this a lot of us. I don't know if you guys are like me, but I grew up in a household where I didn't come from people who had money, right, Like, I was born homeless. You know, the typical story come from the ghetto. Note that every the story that most most people come from from our community. And what happens is is that we don't come from

a trust fund. But then we also don't come from a long line of education, right, We don't come from a long line of people who have been educated properly. And so what happens is is that we grow up missing formed and we grew up with a lack of resources. So we're missing two things. We're missing resources and education. Inside. We have all the drive that we need, We have all of the motivation of charisma. We have everything that it takes to go out and make money. And that's

why a lot of us thrive in different industries. But a lot of us get left behind if we don't have, you know, certain things like being an athlete or being a rapper. If we don't got that. And so what I looked at growing up, I wasn't that. So me not being an athlete, what I looked at, I said, Okay, well what can I do? I started learning business. When I got in business, I was able to gain traction.

I was able to gain a little bit of success, and whenever the slow season will hit, right, most businesses have a slow season, or people just have a rough time and they have a slow period, a rough period. And what happens in that period is usually we go into a financial crunch because we don't have anything to fall back. So most of us don't come from trust funds. And so, understanding that I don't come from a trust fund, I don't have anything to fall back on. All I

have is a capital I was able to raise. I started looking into credit right and so I started figuring out, Well, how can I use credit because it's no way that it's out here and it can't be an actual resource, right because I was training. I don't know if you guys are trained like me, right and not just let me get a check in the chat? Is that drop a one in the chat? Is the things that you

guys were trained on? Was Hey, when it comes to credit, the only thing is good for is buying a house, buying a car and using a credit card emergency purposes only and get gas with it, right, was that's the level? Okay? Looking at the chat, I see a bunch of one, right, And so for me, what I look at and see is that I'm not the only one that came up

as educated about when it came to credit. So, as you guys seen on the EYL episode, I gave you guys a lot of jewels and things that you can do by leveraging credit, right, But what I didn't do was break down a blueprint for you to be able to go out and get some money.

us a blueprint so we can go and get some money. Right, once we can get it, if we can properly use it and be properly educated on it, because don't get it, don't get me misconscrewed. From one point, credit is very dangerous, Okay, it's a dangerous game. And the reason why it's dangerous is because we don't have the education on it. Nobody told us that you can hide your credit card utilization

so you don't pay interests, right. Nobody told us that you know how to monopolize and actually gain off the reward points and the rewards in the reward system that credit card companies actually have. Right. Most of us go out and we operate off a debit card. And I ask people all the time, I said, listen, if you're walking down a dark alley with ten thousand in your pocket and you know you're gonna get robbed, do you want my ten thousand in your pocket or your last

ten thousand in your pocket? Most people gonna say, I want your ten thousand in my pocket. I'd rather have mine at home. Well, guess what, that's the same thing that happens when you use a debit card versus a credit card. Right, every day on the black web, people are being victim of identity theft, identity fraud. And what happens is is that every day when you go out and swipe that debit card, which with every penny that you got in that bank account, right, you put it

at risk to be compromised. Meanwhile, with a credit card, you put the bank's money.

that they had in the bank. So that's my goal is I just want to educate people and listen. When it comes to leveraging credit, right, be mindful of it always, always, always, don't go over your over your means, right, meaning if I teach you tonight how to go get seventy five thousand, right, and you haven't proven yourself. Like if you've got a business, so you have a T shirt company and your T shirt company been producing five thousand dollars a month, right,

don't take this credit card and over extend yourself. Okay, don't take a credit card and over extend yourself to where it's more in debt than what you've been actually making. Because you're still going to make five thousand a month. So you just have to be mindful of it. Meanwhile, let's get into it. So listen banks, right, A lot of us are familiar with banks like Navy Federal. Okay, a lot of us are familiar with banks like Navy Federal.

And I tell people all the time, Navy Federal is cool because they'll get people with a six eighty six sixty building credit with no negative history. They'll give people credit cards.

blueprint on what to do after you get your credit together. Okay, So when you're building, let's just say you don't have a super strong profile, okay, And if you don't have a strong profile, what you're gonna do is six sixty six eighty. That's no negative derogatory march. You have to

remove the negative items. So this is if you got one hundred percent payment history, you know, two to three inquiries at you know you have super strong So you may have a year two years history, you'll be okay, the Navy Federal at least three or four counts positive accounts in your credit report, just in no derogatory marks. I'm showing you how to move derogatories. And you want to have your credit utilization under nine percent, right, preferably

if it's at fifteen to twenty on. With Navy Federal, you'll be okay, you still get an approval. Okay. So it's what we're gonna do with Navy Federal. A lot of times they tell us that you can't get a Navy Federal unless you're a member of the Armed Services or you come from your father was right, Let me explain something and do this now because putting it on earn your leisure and the videos get one hundred two

hundred thousand views. I got to act now. So everybody that's watching live, y'all got about a twenty four hour window, seventy two hours before we might you know, ruin this be honest with you guys. But the back door method to get a Navy Federal was this. You can literally call Navy Federal and tell them, hey, listen, my grandfather was in the military. My grandfather was in the military. He passed away. I don't have any of his information.

They'll come back boom boom boom. And when they come back, what they'll do is actually let you in. Boom. Now you're in. You don't need anybody's references. You don't need to be in the military. That's the back door method. Now what Navy Federal is infamous forgiving fifteen to twenty five thousand dollars in credit cards, right, you can go with the Gold Rewards card fifteen to twenty five thousand. Now side note, and you know disclaimer. Maybe Federal randomly

gives people one thousand dollars approves. Okay, you're gonna roll the dice, right, So what happens is is that most people fifteen to twenty five randomly, you may get a thousand. If you get the thousand, call in and ask for a reconsideration. If they don't give it to you, just maintaining for six months, and then call in and ask for an increase, right, and six months when you ask for the increase, they'll bump you up dramatically. Okay, so

don't fit you know, like you lost. If you get a thousand dollar incury, I mean a thousand dollars limit, you're gonna get bumped up eventually, okay, And that's Navy Federal. Most people are familiar with Navy Federal. That's your back door method in I'm gonna give you the blueprint to clean your credit. Okay. So that's one bank. But what people don't know is that some people familiar with Navy Federal, but a lot of people don't go out and research

other banks. Right. People don't know that it's other banks out there, like Fidelity, Alliant Credit Union, and First Tech Credit Union. Okay, So with Alliant, I'm gonna break it down to you. Alliant is another credit union that you have to gain access to.

to a Lion credit union. Alliant is going to give you another bank that does fifteen to twenty five thousand that's off of using a Lion Okay. And so what I want people to do is get familiar with that is because now that's two banks. So if let's just say on the loan end, you get fifteen thousand, right, this is off this car, you're gonna need your credit to be a little bit stronger than Navy Federals is. But they're not super strict.

seven thirty on Experience okay and TransUnion. So you need to get a seven to thirty credit score on Experience and TransUnion. If you have a seven thirty, they're gonna give you another bank that's gonna go fifteen to twenty five thousand. And it's not it's based off your score. Your credit report doesn't have to be super extensive. I have people get approvals eighteen thousand would only about one and a half years of age on their credit report.

So that's another bank, that's Fidelogy. That's three banks that you guys can go to that's going to actually give you, guys fifteen to twenty five thousand. If you guys shoul roll the dice right and do twenty five twenty five to twenty five, that's seventy five thousand, right. My point is this, though, the key to it is be respectful of the credit cards. If you're not super you know on it already and you don't know, right, Let me

to explain something. Credit cards have a three dates on a closing on credit cards, right, they have have your due date, they have your closing date, and they have which is your statement date, and they have your reporting date. Right, So understand this is that you have a due date that's the date that your credit card is due. Then you have your closing date. This is the date that's

your when your statement closes that statement date. What that does is whatever your balance is on your statement date when your credit card closes, that's going to report to your credit card. Okay, that reports to your credit card. Now you have your reporting date. That's the date that they actually report to the credit buiers. What we want to focus on is the statement closing date. Okay, on

a statement closing date. What's important about this is this, when your credit card closes, that's what's going to report on your credit card. If it closes at zero dollars, Oh, guess what happens? Your utilization on your credit report shows zero dollars. Oh, if you pay your credit card off before the building date, I mean before the due date and lit it and let it stay at zero throughout

your closing date, throughout your closing date. What's gonna now happen is now you paid your credit card off within a thirty day period, so you're not getting really hit with a lot of interest, right, and it's reporting that zero percent utilization if you keep it there when the when the when the actual credit card closes. Okay, man, I'm gonna be going on for me. Y'all listen for the culture. Y'all gotta understand, right, Coach, you can change

your building. You can change your due date once a year, okay uh with some bank. Some banks lets you do it multiple times. So I'm gonna tell y'all this, right, I'm just y'all just got to pick up what I'm putting down in this Right. If I can change my building date in due date, that means that I can set my statement and closing date. So if I got two credit cards, I'm setting one this way, I'm setting one over here. Okay, when I set them apart, now, when this one closes, I can use the money from

here to pay this one. When the money closes, when this one closes, I can use the money from here to pay this one. Right. The goal is that we just have to understand how the bank work. We have to study and do our due diligence. A lot of us don't actually want, you know, go out and just read the fine print or call the banks and ask questions. Right, the banks work for us. They're using our money, right, they're used. They're literally using our money. That's our bank.

You can call and ask any question how anything works that you want. I don't care how redundant it is, I don't care how brazen it is. Call and ask the question. All they can do is give you an answer. They got to look it up. And if sometimes if they give you an answer, call back and ask somebody else the same thing with Navy Federal. If they don't let you in, hang up and call back and get the next rep til you get in. Right. That's the same thing that I explain to people about when it

comes to cleaning your credit. You do not want to send in a letter to remove miss spelled names and addresses when you can call in and get it removed over the phone. We don't want to waste time, you know. But the thing is that pick the phone up and call and start reading. Right. Everybody gets everybody's probably had a credit card, even a bank card, and you get the bank card, put your bank card off, and nobody goes and reads the fine print on the paperwork that

they get. Nobody has thoroughly went through and read every single page that come with a bank with a debit card or a credit card to see the benefits and perks, to really dissect it and grow from it. So I gave you guys three credit cards to go apply for that can give you fifteen to twenty five thousand, and I slick just told you guys how to hide your credit utilization. I don't want to go too hard because there all night and you know, it's just so much

as possible. And let me explain something business credit. Right, business credit you can get when you build your credit report up. I'm gonna run something down to you. Right, is that when it comes to credit and business credit, a lot of times people go out and think that they get a business credit card and they get a business credit card of five ten thousand. Right, let me explain to you why you got that limit. Right, You got that limit because your personal credit wasn't built out properly.

asking for an increase. When you go to get business credit, you can start up a new business and go get business credit, and it'll be based off of your personal credit report. So if you have large lines of credit on your personal credit report, guess what happens Now you get larger lines of business credit. That are going in there and saying, oh, yeah, I got this five hundred dollars secure credit card on my credit report and these thousand dollars limits. No, I want you guys to go

out use the base that I just told you. Go, I'll get twenty five thousand dollars limits. Now after you let those seasons for a year and properly structure your report. Once that report is structured properly, you go out and you see why my mentees are able to get seventy five thousand right, be able to get seventy five thousand dollars business credit cards one hundred thousand dollar business credit cards, and people go, well, how do you get it? The

issue is nobody has the patience to build. Everybody wants something overnight. We want to microwave success. Right, You've been working twenty years making thirty thousand a year, but when it comes to credit, you wanted to give you three hundred thousand today. But your job and what you work for hasn't delivered that. Right. You have to have patients build your credit report out, properly, structure it properly, right,

let it grow, give it some time. Don't expect it to get I'm giving you guys gyms that you can go and implement now for personal side. But when it comes to business, it's a little more of a process because you have to build your report out and you want to let those credit cards season right, and you don't want to get you you're gonna get automatic denials if you start applying for credit within a six months of applying, you get more denials when you've got new

accounts in the last six months. So build that report out right. Let that report build out. Once you let that report build out, then you guys start looking at business credit and now you get larger limits. But take your time. It's not a rushing don't rush and think that hey I need to go get this. I'm gonna

get this tomorrow. Hey it might be a year process, but in a year process, you want to go from getting twenty five thousand dollars in business credit or getting one hundred and twenty five thousand two hundred and twenty five thousand in business credit. That makes the difference. So that's my lesson for the night. I gave you got a street credit cards. I told you how to hire utilization, and really you just want to build that report out,

and then I know we're gonna take the queuing. Ain't That's gonna get me deeper into some more topics.

is to show you exactly what's going on. Seventy five percent off of Eyo University is the current discount that we're running, which is five hundred dollars total for the

entire year. And that link is penned and then also also for him five hundred, I know everybody follows him and that they're pretty you know, well versed on what recession proof of if you're not familiar, recession proofs his community where he actually he talked about his mentees, that's what he's talking about, his mentees where he actually has like you know, these kind of calls, but and more in depth and videos and all of that, and then they go on trips and it's a whole it's a

whole process. And when he came on the episode, if you know we did that five hundred dollars off for ey L, that website is our he asks e y L dot com And that's a special discount that it's the cheapest place that you can get his program is on is on that site. In conjunction with that, so thank you for that. I'm to put that in the group chat also. But let's get the questions.

can't see, right. So if you understood what I just said, like about literally your utilization with your credit cards with switching them, if they can't see it, then they then it's zero right or five percent? So the goal is to make it to where they can't see it. So you want to pull the money off of one credit card. So if you got two credit cards for twenty five thousand, you're gonna take twenty five thousand off of one, and when it's due, you're going to pay it back, right,

and then you're going to circulate it. When this one is due, you're going to pay it back. So now it's showing at zero, so both of them are reporting at zero. They can't even tell that the.

on my actual closing date. And then I'm know, okay, here it needs to be at zero this state, and then it needs to be at zero on this state. Now they can't see it. So you took twenty five thousand off and good to go.

not true. What's gonna happen is is that he's going to get a repossession on his credit report and then he has to deal with that. So it's no way to block it. He can, you know, fight it, but with it being so fresh and so new, with it being fresh like that, I don't think I wouldn't get a car back and take the repot just because I know the damage is that it's gonna do to my credit. Uh, but it's not a hundred points that he's gonna lose. He's going to have a repossessed in his credit report,

and whatever you know happens is gonna happen. So however much damage it takes, he could take a two hundred point, it could take a thirty point, I don't know, but he's gonna get crushed, especially if he's already missing payments. He's getting crushed as well.

not oh yeah, guaranteed things are gonna come off. That's never the case. He can, he can try to remedy it, but it's never the case that it's going to come off, and especially all three credit bureaus.

use it right one hundred percent. If you don't, you know, put every expense that you can on your credit cards, right, not only for the reward points, but to increase the limits. Right now, if you don't have a business, you're not looking at invest in anything, just put all your personal expenses on your credit card. Once you start putting all your personal expense on your credit card, your credit card limit grows, right. So then whenever you get in time of a need or you actually need to go on

and you need a resource, you have it and it's larger. Right. The worst case, you want to sit on a ten thousand dollars credit card, and since you're not using it to bank shrinks and go, oh, well, since you don't need it, we won't shrink your limit down in three thousand. So you always want to use it and increase the limits and just put all your personal bills on it

and really just grow it like that. If if you got charge cards which are based off of like your American Express Platinum, those are based off of your spending habits. So if you're trying to grow that limit and you don't have a business like things, I did was, man, here you go. So I started doing working with business owners, right, So if you got good credit, a lot of times people who own businesses deal with a lot of cash.

And one of my guys worked in for a watch store, right, And he worked for a watch store, and he explained to me, hey, listen, a lot of times when we buy these luxury watches back, we buy him underpriced. And since we became underpriced, we probably got a mark up of about three thousand, right. So what I did was I said, well, if you can do a three dollar mark up, can we split it? He was like yeah, So we did the first watch it like it probably was twelve thousand. I spid my car for got to watch.

He was like, I can have a resold within a week. He'd been in the industry for forever, so he resold it in a week. We made three thousand dollars. But what happened was I just got a twelve thousand dollars spin on my credit card, also got the reward points and made fifteen hundred dollars. Over time we built that relationship. I end up letting him just hold one to I added him as an authorized user to my Platinum and let him hold a car. He helped me grow to my limit to where now I got a limit on

my Platinum two hundred and fifty thousand. Because he was constantly spentding twenty thousand, forty thousand, seven thousand, six thousand on watches, plus my expenditures, we grew the limit. So I tell a lot of times people say, never you want to figure out some kind of creative way to use it.

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the way that we use it. That sometimes you may be the one with good credit, but you have a family member who's cash heavy and they just deal with cash, and a credit card will make their life a lot easier, and them making your life easier helps your limits grow. And now you turn around and you go, I'm three hundred thousand up. You know what I mean, Like I got a realistically, I got like a half a million on charge cards just from these two. You know, it's

just being creative and applying it. So my answer is, no, don't ever just let it sit dormant. They'll shut your account down after a while, they'll decrease your limits. So just you know, be mindful, always want to use it and grow those limits because we need, especially if we're not cash heavy, we want to have something.

that matches. Get that before you set your LLC up. When you set your LLC up, your LLC shouldn't say you know your home address, your personal cell phone number, your personal email address, right. And that's the things that you kind of want to be mindful of because a lot of times, you know, you go to register your business, you go for business funded and your email on your on the Secretary of State is uh Poppy Tulo six ninety six nine at gmail dot com. It's like, yo, yo, how serious is this guy?

I handled it respectfully. So make sure that your personal credit is in line too when you when you're trying to get a business credit as well.

about the gas car, the gas card. That's something I just learned.

of this stuff. Is like how are you supposed to learn it? Like you know what I'm saying.

I can't have a relationship with every bank. Can't know everything. But I'm fluent, and I learned from trial and error. I learned from business going bankrupt. Right, Like I had a Boost Mobile store. We got into the franchise game, bad decision, bad location, didn't know how to evaluate it, crush, lose every loss, all the income. And that's what made me start looking in the credit. That's what made me start going, well, I need something to fall back on.

I need somebody I can rely on so I can actually, you know, have somebody to ask because I can't ask anybody for money, you know what I mean? So that's that's one of the things. But exactly what you said is that, look, man, we don't know everything. Nobody can possibly know everything. It's just we know what works, we know how to get to the That's that's it. And a lot of times, like what I'm saying today is this, I'm giving you guys things that are actually things that you can implement now.

going to really help you. It would just help your score go up, but it's not going to be act something that's really tangible that you're gonna be able to go to the bank and say, hey, let me pick this money up. Right, And so that's that's the things that with your utilization being there, You're gonna have to get that utilization there. So what you want to work on is at least trying to get you know, getting it down a fifty percent on each one and then swap it and then try to hide it.

and stuff like they. So what is today I should do to go and get like a for the limit that's up there because I need to.

his information. No grant you access. A Lion is another one that you're going to. You're going to go through their application, make a when you go through the application process, you're going to actually through a donation five dollars donation to get membership into their credit union. And the next one is Fidelity Bank. You're going to actually make a brokerage account. But once you make the brokerage account, you

have to immediately apply. So don't make the brokerage account and let its sit make the brokerage account, right, and once you make the brokerage account, you're going to go for the rewards visa card, okay, or for the reward visa cards. You want to put your income when you do it. Put your income at one hundred and fifty thousand, right, and you either pay two thousand or zero a monthly

on living expenses and that's what will gets you. So put one hundred and fifty k as your income on there, and your living expenses is between is two thousand or you put zero, and that's what's going to kick you your large limit, especially if you got over a seven thirty credit score.

of that. So now this is a play where you can actually combine the credit play with the investment play. You go in to Fidelity to set up a brokerage account, to buy stocks, to set up your IRA, to trade options, whatever you're want to do. So now at the same time you can actually, you know, do the credit play. And now you can you you know, combine the stock play the investment play with the credit play.

their access number and get and get granted access. The issue is if you do something, if the person you give access to does something to the go max out credit cards and do something crazy, it reflects on you and then the person who gave their access number can now guess what, Now they can get their account shut down. So that's why give my access number to anybody. I just give people a method they can get in on their own, meaning whatever you do is your personal business.

It's not attached to me, So be mindful that. Yes, it's other ways, but I'd rather people get in completely on their own and stand on their own two feet then be standing on my shoulders, and what you do comes back on me. So be mindful. When you think you're given access to people you're charging, and they go in and they use a CPN number and they get a credit card or something and they run off, then your account get shut down with theirs.

is just a positive accounting of credit report. But when it comes to authorized users, I tell people this is that if I've seen people in the chat earlier asking hey, what do you think about tradelines supply right? The issue with that is that a lot of times people go out and buy tradelines authorized users for people they don't know, right, and it's just complete strangers. Well, when it comes to adding people to your cars, it's certain cars that you

want to use. Right, I'm going to tell you, like one of the banks, to kind of stay away from it. Is like a Bank of America. Bank of America is notorious for shutting you down. Meanwhile, American expressed to give you ninety nine authorized users and nine authorized users, but they don't report history. Right, So it's a lot to really break this whole business model down. But to give you a synopsis is that pretty much is that I can add you on to my card as an authorized user.

got ten slots available. So if I have ten slots available and I add ten people, that's sixty five hundred dollars. I'm gonna leave you on for sixty days, and it's going to stay on your credit report for ninety The thing about authorized users is that you can't build a report off of authorized users. It's kind of just like a cherry on the top to kind of help with

your data points. So you build your report out and get the accounts, and then you use a thing like an authorized user to kind of help and strengthen your data points before you go out and apply. So it's the thing that you add last. So when you add a trade line last, you know this after you got your credit report together. That's the reason why you only need to be on there for ninety days because in that timeframe you need to go out and apply for

the things that you're looking to acquire. Okay, and now from there, what happens is is that now I've turned my credit card from a liability into an actual asset because now I'm making money off of it. Now I'm making sixty five hundred every sixty days, that's forty thousand dollars in a year. Right now, I don't have to worry about going in a debt. I don't have to worry about getting a credit card said, am I going to pay it back? This? This, that, and the third.

I'm literally using the bank's money to make money and I'm never going into debt. Right And you see a lot of people go, can we do this? Can we do this, and it's like, yo, listen, you can't in my mind right, and this is just you know, be a friend and honest with everybody. Is this I have to wirit me up. It's like, Yo, I got a ten thousand dollars credit card. I don't want to, you know, in fear of losing it. And I said, well, listen, what's your utilization key? You're not supposed to use more

than thirty percent of a credit card? Right, You're not supposed to use more than thirty percent of a credit card, meaning if you're not gonna go over thirty percent. You got a three thousand dollars credit card. I just told you how to forty a year. You give me you see the benefit of how it actually turns into an actual asset versus holding on to a credit card for emergency purposes. Make the thousand, put the ten thousand of cash,

and then what are we talking about? We can move forward, right, And that's the mindset that we need to have when it comes to, you know, actually turning liabilities into assets. But to answer your question, is select cars that you want to use, add people as an authorized user, you never give them access to your credit card. So that way you don't send a car to them. You mel it to you, Okay, you never give them access to the car, so that way they can't use it and

go run it up. You put security, you put security questions on your account. You also turn on your push notifications on on your app for whichever credit card you're using. So you know, just stay in the loop with everything is going on and really watch the car. But you know, I'm gonna tell you guys, this is that every bank does not allow this, So you guys have to be mindful. I tell you guys like Bank of America, it's one

of the banks to stay away from. Maybe Federal is not going to give you ten authorized users, They're going to give you four. So you just want to be mindful and really study and learn the banks. If you can do your due diligence, go out and really do research and try to find what banks are good and that allow it, and you can build from there, or you know, you can come come on the good side.

for Earlesia. Five thousand people in that Facebook group, so definitely want to take advantage of that if you if you have a member university.

that's find your new limit of three thousand. Thank you for the money, and now you don't have access to it. So don't let your utilization run high for a long time, especially not right now while we're in a pandemic. Don't let it run hot. So make sure you kind of constantly knock that out. But I would pay it down. If you got the capital to pay it down, I will go ahead and chop it down. Because if you had a seven thirty with utilization, your score is your

your report is already amazing. You'll be over a seven eighty. With that being said, what's your limits? What's your that's what kind of limits you out? They range from ten to twenty, So you okay on your limits. I would knock them down and focus on them for about six months before going a five for credit ask for increases. So if you got the capital, knock it down and then ask for increases every six months. If you if you haven't asked for an increase, knock that utilization down, right,

and so knock that utilization down. And if you haven't asked for an increase in the last six months, wait for about thirty days to sixty days after paying it down and then calling and ask for an increase with your utilization under nine percent? Great, Okay, thank you.

rp x E y L dot com. That's what If you watch the podcast, he did a special five hundred dollars off and that includes tell him what that includes with your with your recession proof includes, so.

credit repair of business. Not only that, I teach you how to set up a tradeline business, right, because once somebody gets their credit repair and get their credit together, then they need to actually learn how to build it. And it's not all authorized users. I teach you different things and ways to cover and use helping somebody build their credit and get your mortgage paid. Right, These are the type of things. So now you don't have to pay a mortgage. So I teach you, guys that. I

also give you an ebook. So some people don't want to pay for credit repair, they just need the information. So everything that I know I put an ebook for white labeled it so that way you guys can actually take it and put your own, your own brand on it. Right, And now they have a do it yourself credit repair guide that you can sell. So now you sell them an ebook. I also give you a click funnel to sell the e book that's already pre built. All you have to do is get somebody to put your graphics

in your logo. But I teach you how to set your whole business up. I teach you how to set up a tradeline business. I teach you how to set up a funding business. In the funding business, I'll show you how to get one hundred and fifty thousand, how to go out basically and get fifteen credit cards with

only five inquiries. I also teach you business credit on how to get credit up to two hundred and fifty thousand with your social and without your social And then I teach you how to do the funding business right. If you guys go through my stories on my mentorship, I walked somebody through and I got them one hundred and ninety one thousand with my credit card sequence. It took us an hour and a half and an hour

and a half, I mean nineteen grand. Because whenever you help somebody get funded, you charge your back in fee of ten percent. I teach you how to set that money up and ensure that you get paid. Not only that, then I teach you how to travel for free. I teach you luxury cars, how to go out and get

luxury cars and only pay pennies on the dollar. I had an I eate, paid eleven hundred, had it for six months, right, And these are the type of things like I teach you how to go out and get how to travel for free, how to liquidate your credit cards because I know a lot. I'm teaching you guys about kind of pulling the money and switching it. But we would have to have a whole lesson on how to pull the money off without assessing the fear doing a cash event. So I teach you guys how to

pull the money off the credit cards. That way you can, you know, go and invest or hide your utilization. These are all things that's included. Then I have weekly calls where we have somebody come and teach.

He came and taught us how to get it invested in the stock market, how to break down a company and know where to invest. So it's every you know, we constantly teach different topics. The next one is the touro how to actually start and scale a touro business profitable. These are all the things that get taught in it so that way you can establish more streams of income, you know, and that's why we become recession pos session.

to get your hand held and all of that. Of course, MG the mortgage Guy put together the real Estate Blueprint of how to buy a Home, and that's over one hundred videos, over fifteen hours of content A to Z that's included in Eyo University. We have movie club, we have a book club, I have a financial planning call once once a month. And the newest thing is that

we added our group chat, our investment group Chat. So we're gonna do zoom calls with everybody in Eyo University and just tell you the plays that we're making, give you insight to our portfolio, and we're just gonna have a discussion. Hopefully we can learn, we be able to learn from somebody that's doing So we're just gonna have

like a whole group conversation of empowerment, investment, empowerment. We're gonna let you know what we're doing and hopefully you let us know what you're doing, and we're gonna put together some plays and we're gonna make a lot of money. So yeah, so that's we letting that that's that's seventy five percent off for seventy two hours. That's five hundred dollars for the entire year. Market said, that's extremely undervalue. I agree with them.

any longer. Speed up your hiring right now with Indeed, and listeners of this show will get a seventy five dollars sponsored job credit to get your jobs more visibility at indeed dot com slash po k A t z thirteen. Just go to Indeed dot com slash p O d k A t z thirteen right now and support our show by saying you heard about Indeed on this podcast. Terms and conditions apply. Hiring Indeed is all you need