How To Get The Bag And Keep The Bag - Carter Cofield & Dion Coopwood #323

Social Proof Podcast

Social Proof Network

Entrepreneurship, Business

5 • 2K Ratings

🗓️ 9 January 2023

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#entrepreneur #smallbusiness #podcast #howto

Get The Bag, Keep The Bag Challenge

Challenge Outcome:

Get $50k in Business Funding, Save $50k in Taxes

Challenge link:

www.getthebagchallenge.com

How many of us know how to get the bag? If you know how to get the bag can you keep it? To be honest, some of us don't know how to do neither one. lol... This discussion will help to prime your mind to better get and keep the bag.

Getting the bag can come in the form of cash flow and it can come by leveraging OPM which can be a faster way to attain a larger amount of money by profiting from the initial capital.

Keeping the money is how we can legally avoid paying taxes. This requires having a tax strategist who will help you keep the bag by following the tax code.

Take advantage of the "Get The Bag Keep The Bag Challenge".

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Transcript

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0:00.0	We've always been taught to have an emergency fine, right the term emergency puts you in the scarcity mass off the cuff
0:06.8	It's an emergency fine, right? I'm not saying anybody shouldn't have an emergency fine
0:09.9	You want to have your your your your your basis cover, but what about having an opportunity fund?
0:14.0	Mm-hmm. I like that. You talk good, right? So now you have money set aside
0:19.6	To take advantage of our opportunity if it persists right one of the things I love about hanging with Dion Dion
0:25.2	I'm hanging around him. I find I stumble upon money like from a funding standpoint
0:29.7	Not in 20,000 this bank 50,000. I'm just stacking my funding ability so that if a recession does happen
0:36.9	I have an opportunity fine, and I'm able to take advantage of something versus being a victim of something. Okay. I like you. I like
0:52.5	Welcome to another edition of the social proof podcast
0:54.9	We find dope people to did dope stuff today's no different man
0:57.7	And we're gonna talk a little bit about making money. Well, we're gonna talk a lot
1:01.9	About making money a lot a lot a lot
1:07.6	Okay, well not only making money, but
1:10.1	keeping money I was just talking to the morning meetup and I was telling them that it's easier
1:16.1	I want to get you guys to ping him
1:18.1	Easier to make money or to keep money
1:22.1	Mm-hmm. That's good. I think it's easier
1:26.5	I think it's easier to make money because now we live in a space where we're in a digital space making money
1:31.1	It's it's it can be easy in certain instances
1:33.3	But a lot of people don't know how to keep it from not spending it right and from not investing it and especially from taxes
1:40.4	You know what I'm saying? So I think that we think and making money is the end all be all but then we look at and like how much
1:45.4	Are you actually keeping up, bro? I think it's very important. What's your thoughts? Yeah, I would say the same
	...

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