I’ve Made Almost $1M Selling Playing Cards

The Ramsey Show Highlights

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 18 November 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today i've been running my
0:07.4	own business for a little over two and a half years now okay uh i've been having trouble finding
0:13.6	services that give me good information uh i've called all the biggest like accounting firms and
0:19.2	stuff like that what kind of information are you trying to find?
0:23.1	I'm trying to see if I should incorporate as an S corporation.
0:26.6	I see all these like TikTok videos and like if you do this and you have this board of director.
0:31.6	And they told you to write off a G-Wagon and go spend 150 grand?
0:34.8	No, I'm definitely not doing any of that sort of stuff.
0:37.4	Is it just for liability protection?150,000. No, I'm definitely not doing any of that sort of stuff. Is it just for liability
0:38.3	protection? Well, liability as well, because I've been working with business seven days a week
0:44.8	since I opened it. I haven't hired anyone yet, but I am going to be looking to hire someone.
0:52.8	I do have a lawyer who's very good.
0:55.0	What kind of business is it?
0:55.9	Talk to money.
0:57.4	I do trading cards.
0:59.1	Trading cards.
0:59.8	Okay.
1:01.0	Do you have an LLC right now?
1:04.5	No, I'm a sole proprietorship.
1:06.1	Okay.
1:06.8	And why do you feel like you've out from that?
1:09.6	I started this business with like $3,000 in my pocket.
	...

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