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Scholars Corner: Personal Credit vs Business Credit · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: I think one of the most important things when it
• 1:03
  Speaker 3: comes to establishing great business credit is establishing a great foundation, right.
• 1:09
  Speaker 3: I get a lot of people that say I have
• 1:11
  Speaker 3: an LLC, I have an EIM and I ask them, well,
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  Speaker 3: how much business credit do you have?
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  Speaker 2: But like, all I have is just like one to
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  Speaker 2: two accounts.
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  Speaker 3: The thing is is that's not really great business credit.
• 1:21
  Speaker 3: You can't really expect to have an eight hundred credit
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  Speaker 3: score with one five hundred dollars capital one limit.
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  Speaker 2: It's not going to happen. What do you need? You
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  Speaker 2: need high limits.
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  Speaker 3: You probably need a house, you need a car, you
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  Speaker 3: need a loan, You need more credit in order to
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  Speaker 3: have that credit score. The thing is a credit score, guys,
• 1:36
  Speaker 3: a personal credit score is all a risk factor, right,
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  Speaker 3: So when you look at a credit score, you go
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  Speaker 3: three hundred to eight fifty, Right, The lower you are,
• 1:45
  Speaker 3: the higher risk you are.
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  Speaker 2: Right. The higher your credit score, the lower the risk
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  Speaker 2: you are.
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  Speaker 3: So if you have an eight hundred credit score, that
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  Speaker 3: means that just such a low risk.
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  Speaker 2: But why because.
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  Speaker 3: You're handling ten twenty thirty forty fifty thousand dollars credit
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  Speaker 3: cards and mortgages and all the loans, no late payments,
• 2:01
  Speaker 3: only applying when you need it, and you have a
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  Speaker 3: long history now establishing good business credit, guys, Unfortunately, it's
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  Speaker 3: not that easy. You can't just say I'm going to
• 2:10
  Speaker 3: go out there and apply for one or two MX's
• 2:12
  Speaker 3: and I got great business credit. Unfortunately, you gotta do
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  Speaker 3: the work with not only going on the websites for
• 2:21
  Speaker 3: gas cards, you have to go ahead and get you know,
• 2:25
  Speaker 3: your business set up correctly? Is your done in Brass
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  Speaker 3: Street set up correctly?
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  Speaker 2: Do you have all your pro.
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  Speaker 3: Like I did it video, guys, And to my knowledge,
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  Speaker 3: there really isn't anybody out there that opened up their
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  Speaker 3: business credit report live for other people to see. I
• 2:38
  Speaker 3: do it for you guys and my clients.
• 2:40
  Speaker 2: That's it.
• 2:41
  Speaker 3: I treat earn your leisure the same way I treat
• 2:43
  Speaker 3: my clients, because you guys are freaking awesome number one,
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  Speaker 3: but your mindset is a little bit differently. So one
• 2:48
  Speaker 3: of the first videos that I did, if you haven't
• 2:50
  Speaker 3: watched that video, watch it three or four.
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  Speaker 2: Or five times.
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  Speaker 3: I show you, guys, literally how to create a done
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  Speaker 3: in Brasstreet number where you can go on done in
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  Speaker 3: Brass there's website right now. They charge you two thousand
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  Speaker 3: dollars for that. They charge you, you know to X
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  Speaker 3: with that everything. So if your business credit, if you
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  Speaker 3: don't even have done in Bradstreet with all your information
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  Speaker 3: set up, you really can't establish good business credit. I
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  Speaker 3: think that's where a lot of people get stuck. Right now,
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  Speaker 3: all right, you have your done in Bradstreet number. Okay,
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  Speaker 3: has everybody signed up for nav dot com Business Boost
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  Speaker 3: to monitor your your your business credit. You can't track
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  Speaker 3: what you're not like. You can't improve what you don't monitor.
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  Speaker 3: So if you think that the forty dollars a month
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  Speaker 3: for monitoring your business credit is too much, then maybe
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  Speaker 3: you're just not ready to start a business yet. Unfortunately,
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  Speaker 3: if you're not willing to spend it twenty to twenty
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  Speaker 3: to thirty thousand a month with paying for credit monitoring,
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  Speaker 3: then unfortunately, you fixing your credit.
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  Speaker 2: Might just not be a priority right now.
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  Speaker 3: And that's just the way it is, because if you're
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  Speaker 3: not ready to track your credit and spend it like
• 3:49
  Speaker 3: we use, we actually have a new monitoring it's called
• 3:51
  Speaker 3: god Credit Monitoring dot com.
• 3:53
  Speaker 2: It's twenty bucks.
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  Speaker 3: We got away from identity iq because Identity iq was
• 3:57
  Speaker 3: raising the cost every single month for our clients and
• 4:00
  Speaker 3: we just thought it was unfair, you know what I mean.
• 4:01
  Speaker 2: So we got our own credit monitor and got our
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  Speaker 2: own little site.
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  Speaker 3: Got credit monitoring is twenty bucks a month, but we
• 4:07
  Speaker 3: get people like, man.
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  Speaker 2: I really don't want to spend that.
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  Speaker 3: But then more than likely a good credit score is
• 4:13
  Speaker 3: not something that you are interested in because it's like
• 4:15
  Speaker 3: imagine a doctor telling you, hey, man, in order for
• 4:17
  Speaker 3: me to check your heart, I need you to do
• 4:20
  Speaker 3: this blood work. I need you to do this, I
• 4:21
  Speaker 3: need to do that, and you're like, h, I don't
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  Speaker 3: really care about all that. Well, I can't help you then, man,
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  Speaker 3: I can't really let you know what you got going on.
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  Speaker 3: So with business credit, right, great business credit. If you
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  Speaker 3: don't have at least five gas cards, then keep going
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  Speaker 3: google local business gas cards. This is a three step
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  Speaker 3: number one. The first step is set up your entire
• 4:38
  Speaker 3: company correctly. You got your business. You have your I
• 4:42
  Speaker 3: mean your your formation document, I mean whether it's an LLC,
• 4:45
  Speaker 3: S CORP, nonprofit, whatever the case is. You also have
• 4:47
  Speaker 3: your your tax ID number, which you can get for
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  Speaker 3: free on the IRS website you have. Then now you
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  Speaker 3: can get your business bank account. Now you go ahead
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  Speaker 3: and get your you're done in Bradstreet. Now you go
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  Speaker 3: ahead and get com done. Right, that's like the basic things.
• 5:03
  Speaker 2: Right. Now you get your regius, your virtual office.
• 5:08
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• 5:52
  Speaker 4: into a small business and everything just works like the
• 5:55
  Speaker 4: checkout is fast, the receipts are digital, tipping is a breeze,
• 6:00
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• 6:58
  Speaker 1: An illegal alien from Guaateamal charged with raping a child
• 7:02
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 7:06
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 7:10
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:14
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:18
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 7:21
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 7:26
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 7:30
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 7:33
  Speaker 1: are here illegally, your next you will be fined nearly
• 7:37
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 7:41
  Speaker 1: never return. But if you register using our CBP home
• 7:45
  Speaker 1: app and leave now, you could be allowed to return legally.
• 7:48
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 7:53
  Speaker 1: border and families will be protected.
• 7:56
  Speaker 4: Sponsored by the United States Department of Homeland Security.
• 7:59
  Speaker 3: You get your your your business phone number with Ring Central.
• 8:03
  Speaker 3: You get yourself a website. Let me ask you, guys
• 8:05
  Speaker 3: a question. There's almost two hundred people on this call. Now,
• 8:07
  Speaker 3: how many people have a website with their name on it?
• 8:10
  Speaker 3: I have jose A Rodriguez Junior dot com. A lot
• 8:12
  Speaker 3: of people are saying like, oh my god, I don't
• 8:14
  Speaker 3: have a website. I don't have whatever the case is. Yeah,
• 8:16
  Speaker 3: you do whatever your name is dot com and then
• 8:19
  Speaker 3: forward that you and create a basic website with your name,
• 8:22
  Speaker 3: your information, your business address, whatever the case is. Now
• 8:25
  Speaker 3: you create Google my business page. Now what do you
• 8:27
  Speaker 3: do a Google? You have a website with your name
• 8:30
  Speaker 3: on it and a lot of stuff. I like to reiterate.
• 8:33
  Speaker 3: And then now you get all your friends. If you
• 8:34
  Speaker 3: have at least thirty friends. Get thirty people to give
• 8:36
  Speaker 3: you a review on you know, Jose Ai Rodriguez dot com,
• 8:39
  Speaker 3: on your Google page or whatever the case is.
• 8:40
  Speaker 2: To build credibility.
• 8:42
  Speaker 3: Right now, you get your gas cards, right, You get
• 8:45
  Speaker 3: all of your gas cards right, People say, well, what
• 8:47
  Speaker 3: gas cards do I get?
• 8:48
  Speaker 2: When you drive down the street and you see a.
• 8:51
  Speaker 3: Gas station, more than likely that gas station has a
• 8:54
  Speaker 3: business gas card. You just got to go on the
• 8:56
  Speaker 3: website seventy six wildwah seven eleven quick check, wex dot com,
• 9:01
  Speaker 3: w e x dot com, uh wexfleet. They have a
• 9:04
  Speaker 3: lot of gas cars that you guys can get, uh
• 9:07
  Speaker 3: Fuelman and Murphy, you know what I mean. There's a
• 9:11
  Speaker 3: lot of gas cars that you guys can get. Just
• 9:13
  Speaker 3: google it, you know what I mean. And that's the thing,
• 9:15
  Speaker 3: guys is, you guys really do have a lot of
• 9:19
  Speaker 3: resources at your fingertips. As long as if I just
• 9:21
  Speaker 3: show you how to find things, my job is done.
• 9:25
  Speaker 3: I don't always got to do it for you. But
• 9:27
  Speaker 3: if I can show you how to to think about this.
• 9:30
  Speaker 3: If you know you're going to vacation in California, google
• 9:33
  Speaker 3: the gas stations in California. So now that way, you
• 9:35
  Speaker 3: can get a gas card from that gas station. Now
• 9:38
  Speaker 3: when you go on you're using your book a car
• 9:40
  Speaker 3: on Touro. You go to that gas station in California,
• 9:42
  Speaker 3: you don't got to use your debit card. Now you're
• 9:44
  Speaker 3: building business credit by using as a gas card from
• 9:46
  Speaker 3: a state you're never in. But now you know, whenever
• 9:48
  Speaker 3: you go to California you got a gas card, You're good. Look,
• 9:51
  Speaker 3: I'm going to Texas in June. I'm going to be
• 9:53
  Speaker 3: looking up every single gas card company. And because it's
• 9:55
  Speaker 3: because it's different, you know what I mean. There's a
• 9:57
  Speaker 3: different gas stations here than in Tech.
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  Speaker 2: You know what I mean. That's one way you can
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  Speaker 2: build business credit.
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  Speaker 3: Now, imagine if you have a gas card for every
• 10:04
  Speaker 3: single sate you visit. Now you have fifty gas cards
• 10:08
  Speaker 3: if you go to every single state. You see what
• 10:09
  Speaker 3: I'm saying. But that's the thing is a lot of
• 10:11
  Speaker 3: people want to build great business credit, but you're not
• 10:14
  Speaker 3: willing to do the net thirties, the gas cards, the
• 10:18
  Speaker 3: cars that really nobody wants staples. BJ's that that right there, guys,
• 10:23
  Speaker 3: is how you're gonna get a car with no personal guarantee. Unfortunately,
• 10:27
  Speaker 3: American Express and Chase is not going to get you
• 10:30
  Speaker 3: to the point where you're building business credit where you
• 10:32
  Speaker 3: can get approved with no personal guarantee in a car.
• 10:35
  Speaker 2: It's not gonna happen, unfortunately. It's just not the way
• 10:37
  Speaker 2: it is. You know what I mean.
• 10:38
  Speaker 3: You really have to build great business credit by getting
• 10:41
  Speaker 3: the all the accounts like we have. I think maybe
• 10:45
  Speaker 3: like fifteen to twenty accounts in our program, and I
• 10:49
  Speaker 3: share them with you guys.
• 10:50
  Speaker 2: You know what I mean.
• 10:50
  Speaker 3: Home Depot has three Lowe's has three bj Sam's Club
• 10:54
  Speaker 3: cost Go. That's that right, there is like nine you
• 10:57
  Speaker 3: know what I mean, Gas cars Boom, that's another ten.
• 10:59
  Speaker 3: Next thing, you know, you literally have twenty to twenty
• 11:01
  Speaker 3: five accounts on business credit. Now when you want to
• 11:04
  Speaker 3: go get a car in your business name, you can.
• 11:06
  Speaker 3: People think that you can't.
• 11:07
  Speaker 2: You can.
• 11:08
  Speaker 3: You guys know thirty one Dodge. We promote them all
• 11:10
  Speaker 3: the time. I get zero money from thirty one Doves.
• 11:12
  Speaker 3: They've offered to give me checks and referral fees, and
• 11:14
  Speaker 3: I don't want it. Just have my clients go there.
• 11:16
  Speaker 3: We have a new You know, it doesn't matter who
• 11:18
  Speaker 3: you speak to. A thirty one Dodge call thirty one doys. Hey,
• 11:20
  Speaker 3: I'm trying to apply for a car in my business name.
• 11:22
  Speaker 2: What car do you want?
• 11:23
  Speaker 4: This one?
• 11:23
  Speaker 3: Okay, we'll send you the application, fill it out, get
• 11:25
  Speaker 3: it back to me. They're running your business credit, guys,
• 11:27
  Speaker 3: they're running You're done in Bradstreet, you know what I mean.
• 11:29
  Speaker 3: But if you don't even have at least five to
• 11:31
  Speaker 3: ten accounts on your business credit, then why are you
• 11:35
  Speaker 3: applying for a car?
• 11:36
  Speaker 2: Those are the people that say, oh, this doesn't work.
• 11:39
  Speaker 2: It does work.
• 11:39
  Speaker 3: You're just not doing the work that we're telling you
• 11:41
  Speaker 3: to do. You're trying to bypass certain steps. And then
• 11:44
  Speaker 3: the way you continue building business credit is then every
• 11:48
  Speaker 3: single time that you look to apply for something, remember
• 11:52
  Speaker 3: ask them, hey do you have a business credit card?
• 11:54
  Speaker 2: Hey do you have a business credit account? Do you
• 11:56
  Speaker 2: have a net thirty? Do you have this?
• 11:58
  Speaker 3: And I promise you the majority of the people that
• 11:59
  Speaker 3: you're trying to apply for have a net dirty account,
• 12:02
  Speaker 3: have some type of business credited account, you know what
• 12:04
  Speaker 3: I mean