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The Playbook With David Meltzer

Jack McColl, Founder of Credit Stacking on How to Fund Your Business

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 11 August 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

On this episode of #ThePlaybook, Jack McColl, Founder of Credit Stacking, sits down to discuss: [:56] - What credit stacking means and the “game-changer” he learned about business credit [3:07] - The business credit cards that consumers should avoid and which to focus on [5:01] - Why right now is the best time to build purchasing power [18:00] - Why borrowing more money is one of the best ways to make more money Go here to learn more about Credit Stacking Tweet me your takeaway from today’s episode @davidmeltzer Email Me! [email protected] Sign up for my Free Weekly Training https://free.dmeltzer.com/friday-training-1 Text Me! (949) 298-2905 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

the more money you can borrow, the more money you can make.

0:04.8

This is the playbook. This day voucher with entrepreneurs, the playbook, and I'm telling you,

0:10.1

there's entrepreneurs coming from every which way these days. And Jack McCall, you certainly came

0:15.1

from a different way that other people are probably kicking themselves and wondering how you did it.

0:20.9

But it's been an area of the reason I wanted to have you on the playbook. Jack, welcome to the

0:24.8

playbook, is I've thought about this for years, right? Understanding that I've met many entrepreneurs,

0:32.2

one of my favorites, she is the largest franchise holder of Denny's. A woman is owns the most

0:39.6

franchises for any woman in America. And she used her own methodology of credit cards to buy

0:47.4

her franchise. And you know, just was a poor girl that believed in herself and is now a multi-multi-multi-millionaire

0:55.9

from a very rudimentary strategy. Now, you become an expert at what's called credit stacking.

1:04.4

And let's just start there. How do you define credit stacking?

1:10.1

Credit stacking is a concept of getting as much credit approved as physically possible.

1:14.8

And if you know the right framework, you can do it very, very effectively. But I think that's

1:18.2

great about that story, you know, funding businesses on, you know, sound like personal credit cards.

1:23.0

I was just on the Ryan Pineda show the other month. And he was talking about how he grew his real estate

1:27.3

empire on personal credit cards. And I don't blame people for using personal credit cards because

1:32.8

there's a massive lack of education for business credit. And I was an entrepreneur for six years

1:38.5

before I learned about business credit. And now that was about two, two and a half years ago. And I've

1:43.4

gone as deep as you can possibly go down the business credit rabbit hole. And the first and most

1:50.0

probably come and ask question for you, I would think would be, don't I ruin my credit if I

1:55.8

have in too much credit or too many credit cards? So that's the beauty. The more credit I've got

2:00.6

to prove for, the better my score is. So I have an 808 on experience and the rest of the other two

...

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