How Leveraging Credit Leads To Profit
Social Proof Podcast
Social Proof Network
4.9 • 2K Ratings
🗓️ 17 February 2023
⏱️ 48 minutes
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Summary
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Transcript
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| 0:00.0 | We get all these lines of credit to do what with when I could just |
| 0:04.0 | To leverage to make more money |
| 0:08.4 | So your hundred thousand dollars in cash can only go so far |
| 0:13.0 | Right, but if you add a million dollars in credit, you just ten extra self to make more money |
| 0:18.8 | It's all about leveraging other people's money to make money |
| 0:22.0 | That's what it is. So that's why to me there's no cap on how much credit that I can get |
| 0:26.2 | Or I could get because my cash is always limited or credit is way more |
| 0:31.9 | Got you right, so you got millions in line of credit millions in credit |
| 0:35.7 | So you can go buy a two million dollar building |
| 0:39.2 | With the line of credits. Yes, I could I would have to pull it all together, but that's just a mess |
| 0:45.3 | But with um, I can get a two million dollar building |
| 0:49.2 | Right and only have to put a hundred or two hundred thousand down to get it |
| 0:53.7 | Was right because you know, you just got put a down payment to get it right yeah, so I can leverage |
| 0:59.9 | My credit my get my line. I got a couple lines of credit that are hundred grand right |
| 1:04.0 | Um, that'll probably cost me fourteen hundred a month to pay those two hundred bills to right |
| 1:09.4 | So I'm taking that two hundred thousand dollar credit to put down and now I have access to two million dollars in real estate |
| 1:18.5 | Yes, and no money came out of my pocket |
| 1:21.6 | That's why credit is so important for an example |
| 1:24.2 | Um, I adjusted a five-day challenge last week and on that challenge we got over 300 negative accounts deleted |
| 1:30.6 | One guy got a hundred and seven accounts deleted in two days |
| 1:34.1 | A hundred and seven accounts |
| 1:36.4 | Office credit. So a hundred and seven negative. I would have a hundred and seven accounts period |
... |
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