{"id":11616,"date":"2021-02-25T08:29:00","date_gmt":"2021-02-25T13:29:00","guid":{"rendered":"http:\/\/privacyfight.io\/?p=11616"},"modified":"2023-06-23T16:49:19","modified_gmt":"2023-06-23T20:49:19","slug":"u16-stratlife-entrepreneurs-strategies","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/u16-stratlife-entrepreneurs-strategies\/","title":{"rendered":"U16 &#8211; StratLife &#8212; Entrepreneur&#8217;s Strategies"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11616\" class=\"elementor elementor-11616\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8e3ab13 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8e3ab13\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-423fc3f\" data-id=\"423fc3f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef0a1a4 elementor-widget elementor-widget-text-editor\" data-id=\"ef0a1a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"vidseo_wrapper\" style=\"width: 100%;\">\r\n\r\n    \r\n    \r\n        <div class=\"vidseo_vimeo\">\r\n\r\n            <iframe title=\"vimeo-player\" src=\"https:\/\/player.vimeo.com\/video\/717923259\/?\" width=\"100%\" frameborder=\"0\" allowfullscreen><\/iframe>\r\n\r\n        <\/div>\r\n\r\n    \r\n    \r\n    <div class=\"vidseo_collapse\" style=\"\">\r\n        <div class=\"vidseo_btn\" style=\"\">\r\n            U16 \u2013 StratLife \u2014 Entrepreneur\u2019s Strategies\r\n0:00\r\nAll right, everyone, we\u2019re gonna go ahead, and we\u2019re going to begin the program. I don\u2019t know what the issue is. We\u2019ve had a significant amount of people that have registered for this.\r\n0:09\r\nSo, this webinar, the webinar is being reco&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>U16 \u2013 StratLife \u2014 Entrepreneur\u2019s Strategies<br \/>\n0:00<br \/>\nAll right, everyone, we\u2019re gonna go ahead, and we\u2019re going to begin the program. I don\u2019t know what the issue is. We\u2019ve had a significant amount of people that have registered for this.<br \/>\n0:09<br \/>\nSo, this webinar, the webinar is being recorded. for those that can not make it, they\u2019ve already paid for their space in advance.<br \/>\n0:17<br \/>\nYou will be getting this webinar via e-mail. It will be e-mailed out to you.<br \/>\n0:21<br \/>\nWhen I just do some, a few edits in the front, which is just basically, uh, me be silent and breathing into the mic, which is very creepy enough, you know, so, do you want to hear that. But it\u2019s like.<br \/>\n0:38<br \/>\nAh, ah, ah.<br \/>\n0:45<br \/>\nSo anyway, we\u2019re going to teach you guys about the dark side, the real dark side, we will teach you about how to go gorilla.<br \/>\n0:50<br \/>\nWe have with us my buddy, my colleague, John Singleton, from privacy fight dot com and John, I\u2019ve been working together for a myriad of years. He\u2019s helped a tremendous amount of my clients he\u2019s helped myself.<br \/>\n1:02<br \/>\nAnd gentlemen, when it comes to this was so good we\u2019re like peanut butter and jelly like I mean like Batman and Superman and the Green Lantern. I mean, it\u2019s just It, just, it, just go! I mean, it\u2019s perfect.<br \/>\n1:16<br \/>\nI have a heavy background of banking, commercial banking, offshoring how things work. How to move money around is just my forte.<br \/>\n1:23<br \/>\nThat\u2019s what I do, people always ask me, What do you do for your day-to-day job? Well, that\u2019s what I do. For my data job, I move money, and I move assets.<br \/>\n1:29<br \/>\nThat\u2019s it: John is the best there is that I know of Peoria and I know a lot of people, and I have a deep and wide Rolodex.<br \/>\n1:38<br \/>\nJohn, is, my Go to Guy for understanding the legal system understanding of things Play out He is one who really?<br \/>\n1:47<br \/>\nGets it, number one. And number two.<br \/>\n1:49<br \/>\nIs somebody who\u2019s been kicking the bankers in the nuts for quite a number of years giving them a hard time, and we\u2019re having fun doing it Philosophy that John, my habits is quite simple Break the rules, But don\u2019t break the law.<br \/>\n2:02<br \/>\nBreak the rules, but don\u2019t break the law.<br \/>\n2:06<br \/>\nAnd number two thing that John.<br \/>\n2:09<br \/>\nI don\u2019t have is when it comes to this likud Satanic system John and I have no hang ups and calling us for what it is and it is unethical. It\u2019s also variant. It is evil It is designed to pinch you over and ***** you. It is designed to exploit you. It is designed to waste your labor, your time, your talent, and your treasure.<br \/>\n2:30<br \/>\nSo when it comes to that, we don\u2019t care.<br \/>\n2:33<br \/>\nWe don\u2019t care about the system.<br \/>\n2:35<br \/>\nWe to **** with the system and any chance that we have to exploit the system legally mm hmm. I don\u2019t care about ethics year when you when you\u2019re dealing with a system, and I\u2019m going to explain to you guys how unethical the system is.<br \/>\n2:48<br \/>\nWe don\u2019t have a problem and exploiting it. So today\u2019s seminar, you guys, you\u2019re gonna get the first row seats of how this all works.<br \/>\n2:56<br \/>\nYou\u2019re gonna learn about credit, Going to be learning about personal credit, corporate credit, You may learn about banking, going to be learning about how to set up banking, how to buy crypto, right, how to buy gold, right, how to get assets, how to take care of liabilities.<br \/>\n3:10<br \/>\nYou will learn about how to protect yourself, you\u2019re talking about, won\u2019t, be talking about how to get your credit repair. And I\u2019m working on a program that\u2019s going to be available to everybody on download, it\u2019s gonna show you how to do that.<br \/>\n3:20<br \/>\nAnd there\u2019s a whole litany of other support services that John Laufer, which will blow your mind away, especially on protecting your assets, protecting yourself, and protecting your privacy.<br \/>\n3:31<br \/>\nSo we\u2019re going to begin this program.<br \/>\n3:33<br \/>\nAnd I guess, John, like, Oh, I\u2019ll start with you, John. I\u2019m going to let you go.<br \/>\n3:37<br \/>\nI\u2019m going to let you begin this program this webinar, and talk about your programs.<br \/>\n3:43<br \/>\nYou have to say your services, the biggest litany that you want, even things that you want to cover, you share your screen, whatever you want to do, then I\u2019ll come in on my side of things, and then we\u2019ll do a Q&#038;A at the end, and hopefully, by then, we\u2019ll have more people. There\u2019ll be on this call, sir. Sir John Singleton from privacy, fight dot com. Welcome aboard, sir. How are you buddy? Really good. Thank you, Jay. Yeah.<br \/>\n4:08<br \/>\nUm, these are tools and strategies, that you can use, and I think it would help to have a central focus. And a lot of people have been asked me recently about how to deal with homeschooling or taking their children out? And I look at it, like, It\u2019s a business opportunity.<br \/>\n4:24<br \/>\nI know some parents don\u2019t really care about getting into a business. They just want their children to go to school.<br \/>\n4:29<br \/>\nSo, in, in a situation where, in your neighborhood, maybe there\u2019s several families doing that, actually, it\u2019s good.<br \/>\n4:35<br \/>\nProbably going to be quite more than that. But it\u2019s useful to collaborate with people And maybe some of them want to run a business doing homeschooling.<br \/>\n4:43<br \/>\nAnd then some of them just want to participate.<br \/>\n4:45<br \/>\nAnd I think that may be a good example of a business endeavor you might want to do.<br \/>\n4:52<br \/>\nAnd then what he is talking about, some of these tools would come into play in that in that process.<br \/>\n4:58<br \/>\nYeah, absolutely.<br \/>\n5:00<br \/>\nIt\u2019s interesting.<br \/>\n5:02<br \/>\nOther problems when you want to talk about, yeah, we all, I\u2019m getting e-mails and text messages from people who saying that the link that I gave them is not working so strange.<br \/>\n5:20<br \/>\nSo, we are one \u2026, a Zoom, is having some issues. There\u2019s been a nationwide issues with Zoom, as well as the Internet, if you look at the outage map. My internet was down all last night, evening.<br \/>\n5:33<br \/>\nToday, it hasn\u2019t been running, right.<br \/>\n5:37<br \/>\nZoom has been having issues as well.<br \/>\n5:39<br \/>\nThere\u2019s been a few problems live on this meeting.<br \/>\n5:44<br \/>\nI have no idea how to But, John, if you continue talking, I\u2019m going to try to get everybody on board, and the same page, OK. Well, to be specific about homeschooling as a business, parents are taking their children out of school and now they\u2019re, they\u2019re doing it out of frustration, or thinking.<br \/>\n6:01<br \/>\nThere\u2019s no other option which I would agree, I think, taking your children out at this time, because of what\u2019s been done to our school system, the public school system, even the private schools, I think it\u2019s a good plan. I know that I took my children out about 10 years ago, and it was really stressful.<br \/>\n6:16<br \/>\nI kinda wanted to do it, but I didn\u2019t know how I could do it. And it took.<br \/>\n6:20<br \/>\nIt took about three months really to just get the knack for it, and what I handed ended up doing was compiling a curriculum, and changing it all the time. But, having my children do, you know, that curriculum and also bringing in sometimes tutors, and now we can use internet courses and video streams and things like this to supplement the things that I would come up with.<br \/>\n6:43<br \/>\nSo I\u2019m not gonna give it examples of what I\u2019ve done with my children.<br \/>\n6:46<br \/>\nBut basically, if you\u2019re wanting to do this, I would look at it like a business opportunity for either yourself or and or other parents in your area that you guys can work together and share resources.<br \/>\n6:58<br \/>\nIn fact, even share time to where maybe you get a day or two where you\u2019re not doing anything with your children and they\u2019re off at the neighbor\u2019s house with 15 other kids, and they\u2019re doing lessons, and then they report back, just like at the regular school system. And everybody knows everybody. And you can do this in small groups. And so I wanted to go over, I made a list here.<br \/>\n7:18<br \/>\nI want to go over a couple of things to consider, there\u2019s there\u2019s about seven things here.<br \/>\n7:25<br \/>\nBasically, all you need to do is reach an arrangement with other parents. You can do it by yourself. I don\u2019t recommend it. But reach an arrangement if you came with other parents, that there\u2019ll be willing to collaborate with you. They have some ideas about what they want their children to learn.<br \/>\n7:39<br \/>\nSome of them will just depend on you. Some of them will want help from someone else, and then after a while, you guys will reach a consensus on what can be available and you will work together to do that. So you want to try to come up with what would be called a curriculum.<br \/>\n7:53<br \/>\nAnd I don\u2019t really have to tell you what the major subjects are.<br \/>\n7:55<br \/>\nAs as your child gets closer to the, you know, 16 years old.<br \/>\n8:00<br \/>\nOr so, you may want to look at the GED crate criteria to see what what the basics should be all right there their educational background should consist of and I would use GED standards for that purpose.<br \/>\n8:13<br \/>\nAnd we can get into GED because I can explain about that.<br \/>\n8:17<br \/>\nAs far as the end game goes, like, when you\u2019re all said and done, how does my child graduate? You don\u2019t need to graduate from the county in the GED Program.<br \/>\n8:24<br \/>\nThat GED program is a proprietary trademarked service, OK?<br \/>\n8:28<br \/>\nThat the county owns, or something, some version of that.<br \/>\n8:31<br \/>\nYou don\u2019t need a GED type participation with the county in order to get the same GED status.<br \/>\n8:39<br \/>\nIn other words, you could just graduate from your home, your family, and go to college, and still meet the criteria, So we can get to that later, but. as far as curriculum goes, you can put it together. You can copy what the school was doing, you can augment it some way.<br \/>\n8:52<br \/>\nYou can do things differently than other students, are doing, but probably you want to write it down so that you know what you want for your children, and then collaborate with others, so everyone can get what he wants out of that arrangement.<br \/>\n9:05<br \/>\nYou want to get together and find out what kinds of supplies, and everybody can bring his own. That\u2019s pretty simple.<br \/>\n9:11<br \/>\nYou want to look, OK, now, if you\u2019re going to do it as a business, probably, to make it right.<br \/>\n9:16<br \/>\nI would say you need to find a place where you can be, where there\u2019s, you can hold 15 children or seven children. You can have them in a place where they can comfortably do their assignments. Listen to lectures. Maybe it\u2019s going to be grouping them by age, or grade, or something like that. You can work that out, but let me suggest this one thing.<br \/>\n9:35<br \/>\nNot that it\u2019s necessary, but you could get together with 2 or 3 other parents and find some commercial strip mall space shopping mall space, where there\u2019s a vacancy, which, I\u2019m sure we have plenty of and most places.<br \/>\n9:48<br \/>\nSo, find that place, and I would go to a place that suitable, as far as the space goes in location.<br \/>\n9:54<br \/>\nAnd get a list of all the parents that may want to participate, OK, and then go to that place that suits your needs.<br \/>\n10:00<br \/>\nAnd hopefully, it\u2019s a place where the owner of the property just desperately wants to have tenants, right, because then you can get a commercial lease agreement on pretty good terms.<br \/>\n10:09<br \/>\nAnd three of you can get to get in there and do a commercial lease and get access to that spot you can get.<br \/>\n10:15<br \/>\nIf you need a certificate of occupancy, you know, all those things can be handled.<br \/>\n10:19<br \/>\nI know that may sound down daunting for many, but think of this, you can use a property manager or broker to help you through that process. You don\u2019t have to re-invent the wheel.<br \/>\n10:28<br \/>\nSo when I say, you know, get some commercial space, I\u2019m not saying, oh, yeah, it\u2019s easy. Everybody can do it. And I know it\u2019s not something I even, I\u2019m an expert at. I would use a broker, or an agent, or someone to help me with that process. So you always have people to help you do that.<br \/>\n10:42<br \/>\nThen, as far as funding goes, sure. You can just get the right to occupy that space. Bring in your furniture. Do all the decorations and whatever it\u2019s going to be. Put all your tools in there.<br \/>\n10:53<br \/>\nGet your Wi-Fi connected, meet your county requirements, maybe you need water fountains, maybe restrooms, all this stuff, OK?<br \/>\n10:59<br \/>\nThat can be all done through volunteer basis.<br \/>\n11:01<br \/>\nBut at some point, you may want to turn it into where you\u2019re actually making money.<br \/>\n11:06<br \/>\nSo the way you make money in an operation like this is, you don\u2019t need millions of students. You don\u2019t need thousands of students to come on site.<br \/>\n11:14<br \/>\nYou just need the facility to be usable by a certain number of people. So one of the things you want to get, or look at is, look at all the supplies you\u2019re using for the schooling.<br \/>\n11:24<br \/>\nLook at the types of computers and who\u2019s providing that? What are the brand names?<br \/>\n11:29<br \/>\nSame thing with furniture, and other types of materials that you\u2019re using to supply the school and facilitate learning. These would be potential sponsors. A sponsor, as a business, that would provide a product, that, instead of selling it to you, will give it to you, because you\u2019re going to promote the product.<br \/>\n11:47<br \/>\nYou can pretty much do that, with almost anything.<br \/>\n11:50<br \/>\nOK, that sponsors, that is money, that is, cash flow to that homeschooling business.<br \/>\n11:57<br \/>\nSo it\u2019s an option for the people organizing this, and again, I\u2019m not saying, look at homeschooling is you want to be a super millionnaire I\u2019m just saying, of an organization like this, needs cash flow to function, Just like, you know, your body and blood, It just needs money to keep things working.<br \/>\n12:14<br \/>\nSo, the money in this type of operation is a tool for that business, and yeah, you can make a living at it. You can pay yourself a salary if there\u2019s enough money, I\u2019m gonna show you right now how you can make enough money for this.<br \/>\n12:27<br \/>\nThe other thing is you can have memberships, and the memberships would be by family and the price of the membership.<br \/>\n12:31<br \/>\nMaybe it\u2019s monthly, maybe it\u2019s quarterly, whatever you guys workout can be based on the number of children in that family that are enrolled in that program or school.<br \/>\n12:43<br \/>\nYou may also be able to market individual programs from your school or complete curriculums. There\u2019s all kinds of ways to price it.<br \/>\n12:50<br \/>\nJust like a product for any other company, OK? The same thing with. So you have sponsors, you have family memberships. And then you have professional memberships. That would be people like that are professionals that are teachers, that don\u2019t want to be in the school anymore, that public schools, or it could be tutors, or it could be people that want to be assistance.<br \/>\n13:09<br \/>\nAnd they\u2019ll come in and they can pay a membership fee or a per hour fee to use the facility, and they may bring their clients into your facility, which may also create more advertising marketing for that type of operation.<br \/>\n13:22<br \/>\nSo, it kind of works both ways.<br \/>\n13:24<br \/>\nAnd so, you have different kinds of contracts. You\u2019ve got sponsorship agreements, you got family, memberships, individual memberships. Maybe there\u2019s in the evenings. You might have a parent class. You might have a class where a mechanic in your neighborhood is going to teach small engine repair. Or maybe it\u2019s going to teach how to change the oil in your car, or something like that. They can provide that right near the facility or at the facility.<br \/>\n13:44<br \/>\nAnd you could do it through your organization.<br \/>\n13:47<br \/>\nSo you have professional memberships as well.<br \/>\n13:49<br \/>\nAnd then you have something called licensing, where you could produce content.<br \/>\n13:52<br \/>\nSo for example, let\u2019s say you have a class, one session, a class on Tuesday at 9 0 AM, and there are seven students in the class, and you\u2019re going to teach, Intro to Biology, you\u2019re gonna start a biology class, OK.<br \/>\n14:04<br \/>\nSo you record this biology class on video, and maybe you have two camera angles, you can do whatever you want, you take that content and make it available under licensing terms, and that\u2019s the property of the school.<br \/>\n14:16<br \/>\nSo any content produced there, you have an agreement that says, it is the property of the school and the school retains all licensing rights over it, so imagine a class that takes a whole semester where there are seven students and you do a whole Biology Intro to Biology for a whole semester, OK.<br \/>\n14:31<br \/>\nAnd there\u2019s probably what would that be like, 45, 45 classes, let\u2019s just say.<br \/>\n14:36<br \/>\nAnd now there\u2019s content for that and you can license it out for years.<br \/>\n14:41<br \/>\nYou can even have testing with it and so forth, and you can license it out to thousands and thousands of people for years.<br \/>\n14:47<br \/>\nWhat kind of funding does that look like for an operation like that?<br \/>\n14:51<br \/>\nYou know, it\u2019s really helpful, and you could expand it, and this can be copied, like, kinda like the Chinese restaurant model, right?<br \/>\n14:58<br \/>\nIt\u2019s not a franchise, but people copied the buffet style, Chinese restaurant, they just copy it, that can be duplicated in some way.<br \/>\n15:05<br \/>\nIf you want to duplicate it, you can do consulting, you know what, the next operation, Maybe it\u2019s four miles down the street, because your, people don\u2019t want to go over there, but they\u2019ll go over here, you know what, It can work like that.<br \/>\n15:17<br \/>\nJohn, let me ask you questions.<br \/>\n15:18<br \/>\nYou know, the interesting things that you talked about with with homeschooling and what not, but also, with a lot of different business ventures, that, that that A person can do, are you able to discuss, and, again, when clients contact you for more personalized work and service.<br \/>\n15:36<br \/>\nCan you discuss here on the web, on the Web?<br \/>\n15:38<br \/>\nWhat are what a private membership a PMA would look like?<br \/>\n15:46<br \/>\nWould that work into something similar like this?<br \/>\n15:48<br \/>\nYeah, that\u2019s a good question, I mean that would be the only way I would organize this as a PMA because could you explain to our members what a PMA is, and why this is hidden from traditional banking? Why this is hidden from traditional corporations and whatnot?<br \/>\n16:04<br \/>\nYeah. Well, a private membership association, OK, and there\u2019s many names for it. You call it an unincorporated association. You call it a society, a club.<br \/>\n16:12<br \/>\nThe reason why, well, it\u2019s hidden, because you have so much power and leverage with it. You\u2019re able to organize a business an association like this. Like a school. You can run a school as a PMA, and the State cannot tell you what to do. The State cannot come in there and regulate you like it does for the public schools.<br \/>\n16:27<br \/>\nOr even private schools, you can pretty much do whatever you want.<br \/>\n16:30<br \/>\nWithout the let\u2019s call it regulatory compliance, because you\u2019ve created a little bubble in your community, in your county that\u2019s excluded from all these regulatory conditions, except for anything that would prevent you for, penalize you, for doing things that are substantively evil, is what it\u2019s called.<br \/>\n16:49<br \/>\nSo a PMA, it gives you the freedom to do whatever you want.<br \/>\n16:51<br \/>\nIt\u2019s like I said, you, as parents you get together you basically create your whole platform, you. You are the school board.<br \/>\n16:58<br \/>\nYou make all your rules.<br \/>\n16:59<br \/>\nAnd you don\u2019t have to comply with the county, OK?<br \/>\n17:02<br \/>\nAs a PMA you don\u2019t have to register your school with the county. You don\u2019t have to register the students with the county. You don\u2019t have to do the county\u2019s curriculum as a PMA.<br \/>\n17:11<br \/>\nThat\u2019s very powerful.<br \/>\n17:13<br \/>\nYeah? That is very powerful.<br \/>\n17:15<br \/>\nWhat are some of the examples that you could cite for the PMA and that and also any of the examples that you have done successfully with the PMA and how that\u2019s power. You mentioned powerful.<br \/>\n17:27<br \/>\nI don\u2019t think people understand how powerful it is.<br \/>\n17:31<br \/>\nGo for a job.<br \/>\n17:32<br \/>\nWell, it is so powerful, you can go search on the Internet for yourself, go search on the Internet for physicians that are using a private membership association to actually cure people of diseases that you can\u2019t even advertize for, like, for example, curing cancer.<br \/>\n17:45<br \/>\nThere are physicians that are doing that, but they\u2019re not doing it openly and they\u2019re not advertising it, but what they\u2019ll do is form a PMA, and then their clients are treating.<br \/>\n17:53<br \/>\nThe patients will be then invited into the PMA membership, and then they can be treated for the thing that they can\u2019t advertize.<br \/>\n18:01<br \/>\nAnd they can have their cancer cured. They can use the right machine. They can try these other experimental treatments without all the FDA regulations in your State Board and Department of Health and all this garbage.<br \/>\n18:12<br \/>\nSo you\u2019ll already see this for \u2026 but you can do this with any any business that\u2019s open to the public, for example.<br \/>\n18:18<br \/>\nYou could, if your business is open to the public, you could likely convert it to a PMA, so you would make it a membership organization.<br \/>\n18:26<br \/>\nAnd like, for example, the way I recommended I talked to one business owner and I explain how he could on the business entryway. He has a strip mall location.<br \/>\n18:37<br \/>\nI said, all you\u2019d have to do is put the term private membership association underneath the name of his business, and then operate it that way and realize what that is. And he says, Well, what does that mean? We realize what that is. I said, Well, you understand a private membership association is a private club in the county cannot come in and interfere with that business in any way, unless you\u2019re doing something like manufacturing rocket, fuel in the back room, or something like that, then, then they\u2019d have the right to interfere with it.<br \/>\n19:01<br \/>\nBut if your business is doing a thing, like maybe it\u2019s doing like a hair salon, right, or a dentist office, or a chiropractor, it could be a PMA, and you could do things that are beneficial to people.<br \/>\n19:14<br \/>\nWhere you would normally be harassed by the county or the State, now they\u2019re excluded.<br \/>\n19:20<br \/>\nLotsa leverage Absolutely, absolutely.<br \/>\n19:23<br \/>\nVery good. Glad. You discussed a little bit of the PMA. What else do you have in your structure and your rep in your bag of tricks? So to speak. All right. Well, one of the things that one of the things I recommend that people do is when you want to like create new cash flow, let us say this is easy for people to accept. The possibility. That you can make $2000 a month more than you\u2019re making now without taking on a second job without working more than a few hours a week.<br \/>\n19:49<br \/>\nTo make another $2000 a month. And one of the things you\u2019ll probably end up needing is a merchant account.<br \/>\n19:54<br \/>\nAnd many of you already have one anyways. You probably have a PayPal account.<br \/>\n19:57<br \/>\nSo if you\u2019re going to do as a homeschooling operation like this, where it\u2019s a brick and mortar location, you\u2019ll probably need a merchant account.<br \/>\n20:03<br \/>\nThings like that, you know, simple things. So just keep that in mind.<br \/>\n20:07<br \/>\nBut yeah, I mean, the PMA, I\u2019ve used that over the years for, um, avoiding liability in a business structure or an investment vehicle. Like if I\u2019m buying real estate or stock, and I wanna own the vehicle, if I wanna own the company or the trust, I might use a private membership association as the stock owner.<br \/>\n20:26<br \/>\nAnd that way, there\u2019s no divided interest, which means I can manage the the stock profits any way I want.<br \/>\n20:33<br \/>\nUntil the point where I choose to pay tax on something, I don\u2019t pay tax on it.<br \/>\n20:37<br \/>\nSo there\u2019s all kinds of ways to defer a tax liability or protect assets or income or property rights from creditors using an unincorporated association or an undivided interest. In the PMA does it for that purpose.<br \/>\n20:52<br \/>\nIt does it for the regulatory compliance issues, and it also does it for liability when it comes to money.<br \/>\n21:00<br \/>\nOh, yeah.<br \/>\n21:02<br \/>\nYeah, so, I mean, if you want to get started with it. I mean homeschooling, I think, is the way to go. I mean, I think we should have been doing it years ago. Now, I think we\u2019re really motivated, a lot of us, and I know you\u2019re probably throwing your hands up, go on, my gosh. I don\u2019t want to be a teacher. I got a second. I got a job here, and I have to we need our You know, I have to do this other job. I don\u2019t have time.<br \/>\n21:20<br \/>\nBut if you plan it out and you co-ordinate, collaborate with your neighbors, others that want to do homeschooling, get on some discussion forums on Facebook or whatever, and try to meet with other parents. There\u2019s some on the Internet. You can join some groups, meetup groups, OK? Connect with other parents.<br \/>\n21:36<br \/>\nYou\u2019d be surprised. You could have a part-time job and still home-school your children with the help of other parents.<br \/>\n21:43<br \/>\nThere are some parents like me.<br \/>\n21:44<br \/>\nWell, I\u2019ll tell you right now for free, I will write up your whole curriculum and give it to you.<br \/>\n21:49<br \/>\nThere are parents that will do that.<br \/>\n21:52<br \/>\nSo, this is just the core, you know, starting of the the plan V: did you want to make this available is just one little page PDF file?<br \/>\n22:02<br \/>\nDid you want to make it available? People want to download it?<br \/>\n22:07<br \/>\nWe could do that.<br \/>\n22:10<br \/>\nI can do a screen share and show you. But I think you guys want to see the document.<br \/>\n22:16<br \/>\nIt looks like you\u2019re muted out.<br \/>\n22:18<br \/>\nI apologize, But, yeah, let\u2019s do that. I think you could put it into the chat box. If you go to Chat, OK? And there\u2019s a File button right there, you can upload the file like that, not everybody. That\u2019s, You know, if you go into Chat, you can go ahead and download exactly the PDF that John has in terms of Documentation of origin.<br \/>\n22:37<br \/>\nAll right. Yes, I slide it over there, so, but yeah, that\u2019s the general idea.<br \/>\n22:43<br \/>\nAre there any questions that would help to have some questions?<br \/>\n22:45<br \/>\nBut I mean, you get me talking for two hours because to me, I\u2019m just thinking, well, that\u2019s how I do it. Have a Nice day! Yeah, I know there\u2019s a little bit more to it than that.<br \/>\n22:58<br \/>\nDoes anybody have any questions? You can raise your hands, and you can get called upon.<br \/>\n23:03<br \/>\nSee here.<br \/>\n23:06<br \/>\nTime?<br \/>\n23:08<br \/>\nAlexandra has a question.<br \/>\n23:10<br \/>\nYeah, go ahead, Alex. Glad Buddy. A lot.<br \/>\n23:13<br \/>\nAlex, OK, Good afternoon, good evening, good afternoon. But yes, we can hear you go for it out, OK, appreciate it. So, I guess what the technical difficulties or we hopped in mid discussion, so I just wanted to make sure I kinda if we could do just a quick recap on the topics. The first thing I heard was, you know, using a PMA to kinda get set up.<br \/>\n23:32<br \/>\nBecause it allows you the flexibility, and then you started talking about no creating new cash flow. Was there anything else to those big overall things that you mentioned? I don\u2019t know if I missed anything jumping. Specifically, the example of the homeschooling and we can talk about other businesses. We just decided to pick homeschooling because it\u2019s going to be so popular right now. But for homeschooling, like I said, you get a few parents together, OK? So this is what I forgot to mention.<br \/>\n23:55<br \/>\nGive yourselves a name.<br \/>\n23:57<br \/>\nThere\u2019s something school PMA, and then that becomes your name.<br \/>\n24:01<br \/>\nSo when you do the commercial lease you would use that name in your Commercial Lease Agreement, and then each of you or one of you would be the guarantor on that Lease Agreement. No problem, go ahead and do that.<br \/>\n24:10<br \/>\nSo just make up a name, and then designate it as a PMA.<br \/>\n24:13<br \/>\nJust like if you would set up a corporation like an Inc, it would become a I N C period or it would become an LLC, OK, or trust. In this case it\u2019s going to be PMA.<br \/>\n24:24<br \/>\nNow Azure operation continues.<br \/>\n24:27<br \/>\nYou\u2019ll eventually reach a point of like you\u2019ll have administrative rules.<br \/>\n24:32<br \/>\nLike for example, you\u2019ll have maybe a conflict will come up and you guys would say Look for in the future. Let\u2019s just do it this way, right?<br \/>\n24:37<br \/>\nSo then what you do is you will develop a policy and that policy becomes part of the PMA. Let\u2019s call it the Articles of how we do things.<br \/>\n24:45<br \/>\nThe policy, the PNA, that can develop organically over time, or some of you may think, Hey, let\u2019s, let\u2019s head off any disputes and we\u2019re gonna say this from now we\u2019re going to do this. We\u2019re gonna do this.<br \/>\n24:54<br \/>\nWe\u2019re gonna do that and that will begin the written version of your PMA.<br \/>\n24:58<br \/>\nYou don\u2019t have to registered with the State as a business can, but you don\u2019t have to. So and John, how does one write up a PMA?<br \/>\n25:07<br \/>\nThat\u2019s something that you do, but can you share with the audience a little bit of what it looks, like, what do they have to do on there, and they have to go to like, get it notarized.<br \/>\n25:16<br \/>\nWhat do they do, OK, I can write the terms up, uh, but you don\u2019t need to make it so formal. Dare not be notarized, but a PMA would be like, Let\u2019s say you and your neighbor.<br \/>\n25:28<br \/>\nI do this with my neighbor, I have some lawn equipment that I share with him, so we just kinda work it out.<br \/>\n25:33<br \/>\nSo, when he needs that, he knocks on the door, and I say, Yeah, yeah, so, our to our terms are, we both own this lot equipment, and as long as I\u2019m home, just knock on the door. And I\u2019ll give it to you, OK, that\u2019s our, that\u2019s our deal.<br \/>\n25:46<br \/>\nThat\u2019s a private association.<br \/>\n25:48<br \/>\nWell, that could be more complex, let\u2019s say it\u2019s me and two of the neighbors, and we have. We\u2019re homeschooling so our kids go to their house on Wednesdays. And we work it out. And so, in the articles, were going to sit down, and we\u2019re going to agree on something.<br \/>\n25:59<br \/>\nLike, for example, I don\u2019t want my children to learn such and such, but I do want them to learn this thing here, Right? And maybe I don\u2019t want them to have *** education, but I want them to understand, You know, this other thing.<br \/>\n26:09<br \/>\nAnd then, they might. Another parent might say, well, then, OK, fine, then I\u2019ll take care of that part. But then if we\u2019re all agree on this thing, that we\u2019re going to do this, so we write that in the articles. We might also write, like maybe there might be a need to handle money.<br \/>\n26:19<br \/>\nSo then one person or two might be designated that authority in the name of the PMA, and we would just write that out. What does that authority mean? What does that look like?<br \/>\n26:29<br \/>\nMaybe a person is going to open an Account DBA, the name of the PNA.<br \/>\n26:33<br \/>\nIt can be that simple, and that\u2019s written down in your \u2026. You guys just write it down, like I said if you just start working together. You don\u2019t have to make this so complicated.<br \/>\n26:42<br \/>\nStart working together and as like in your first meeting, just say here\u2019s what we\u2019re going to do And you write that down. Maybe it\u2019s one paragraph.<br \/>\n26:48<br \/>\nThat\u2019s the beginning of your articles of your PMA.<br \/>\n26:53<br \/>\nAbsolutely.<br \/>\n26:56<br \/>\nSo let me ask you this, John, OK?<br \/>\n26:59<br \/>\nYou and I one of the things that we kicked around and was and here\u2019s a little tidbit I wanna give to people.<br \/>\n27:05<br \/>\nWhat am I creating a PMA for those who want to go ahead and let\u2019s say buy crypto or buy gold?<br \/>\n27:14<br \/>\nAnd people are like, well, it\u2019s a big deal.<br \/>\n27:16<br \/>\nI gotta do that, I can just go on Coinbase and, and, you know, give every bit of data which I\u2019m gonna get into in terms of data and how that\u2019s used and how if you\u2019re still use it. Utilizing social media.<br \/>\n27:27<br \/>\nYou are basically be very foolish and frivolous with who you are as a human being.<br \/>\n27:34<br \/>\nBecause you have value, you have value and you\u2019re being monetized. You\u2019re being bought and sold, and I\u2019ll get into that later, but John, how would how would that work with?<br \/>\n27:42<br \/>\nSay crypto buying, let\u2019s just say also, PMA and banking, PMA, business, Some instances, where you would use a PMA as opposed to an LLC or a Corp.<br \/>\n27:56<br \/>\nWell, I would use it where you have liability, and the way I like to avoid liability, financial liability, is where I live.<br \/>\n28:04<br \/>\nI have an undivided interest, and so I take my, my ownership rights over something. Let\u2019s say I set up a company. Like most people do.<br \/>\n28:11<br \/>\nThey go set up a business, and they do an S corp, and they make themselves the owner, and they don\u2019t realize that they have zero corporate protection because they\u2019re the sole owner of the company.<br \/>\n28:21<br \/>\nBut if they added their business partner in there, OK, now you have some protection, because, like, for example, an LLC, as long as there\u2019s no divided interest, neither of the individual members, his personal debt would never attach to the company property until he gets paid, right?<br \/>\n28:36<br \/>\nSo that\u2019s a simple version of it, so I would use a PMA as the owner of the company I\u2019m using to be my account holder.<br \/>\n28:45<br \/>\nSo my account holder would be at PayPal, my LLC, for example.<br \/>\n28:49<br \/>\nMy LLC would be a stock trading house. My LLC would own real estate or the receivables to the real estate. It would own real estate securities.<br \/>\n28:57<br \/>\nIt would own cryptographic currency. It would sell precious metals for me.<br \/>\n29:00<br \/>\nEverything is done in the name of the LLC, and then ultimately the owner has the liability, right?<br \/>\n29:06<br \/>\nBut if the owner is an unincorporated association that has no tax liability whatsoever, as long as the owner owns the company that owns the asset, there\u2019s zero tax liability until I pay myself something in dollars.<br \/>\n29:20<br \/>\nThat\u2019s a, you know, pretty simple example of how you would avoid that type of you know, debts, lawsuits.<br \/>\n29:26<br \/>\nI mean, if you can if you can avoid the need to defend the case, then you just avoided the litigation costs. Whether or not anyone is irrelevant now.<br \/>\n29:33<br \/>\nIt doesn\u2019t matter. It does. Yeah. So long as you haven\u2019t murder somebody or defrauded somebody, you know, we\u2019re just like, Severe.<br \/>\n29:44<br \/>\nYou\u2019re fine.<br \/>\n29:45<br \/>\nThe ****, They\u2019re stupid courts.<br \/>\n29:48<br \/>\nThat\u2019s what a PMA will do for you. And you can I call it \u2026.<br \/>\n29:50<br \/>\nYou can make it unincorporated Association, you\u2019d call it a society, would ever. But the concept is that it\u2019s a thing that has property rights, and I can give it the property rights that I had exclusively, and I put it into this group.<br \/>\n30:02<br \/>\nThe name of the group, and because my exclusive property rights are now in the group, there, nobody has exclusive rights. Therefore, nobody has any liability until I take it back. And I can choose what if I would\u2019ve ever I will take it back.<br \/>\n30:16<br \/>\nPerfect.<br \/>\n30:16<br \/>\nSo the key here is to set up a multi-member where there\u2019s more than one person LLC, right? Single member, I would say yeah. You don\u2019t need to go, so single member LLC, and then you create a PMA underneath that make. The PMA. The owner that is the PMA is the multiple multiple member.<br \/>\n30:38<br \/>\nBut but no one can ever discover what that is, see, if you make the LLC. The multiple member. Everyone can see who the owners are, which is fine.<br \/>\n30:44<br \/>\nSo people want their privacy know, so you could do it different ways, but I like to make the all the owners who do have an interests like I did one recently where it was a partnership or for people and I made the partnership.<br \/>\n30:55<br \/>\nI took the company\u2019s partnership agreement and I made that the PMA agreement mm. And all it said was the name of the PMA and the articles when I filed it they still don\u2019t get to see. Nobody gets to see who owns the partnership. All they know, is the LLC is owned by the PMA.<br \/>\n31:11<br \/>\nAnd so it gives you that. And then what\u2019s interesting is the Bank Secrecy Act precludes banks from asking questions about the PMA. They\u2019re not supposed to They\u2019re not required to find out who owns the PMA.<br \/>\n31:22<br \/>\nThey\u2019re only supposed to know what does a PMA do? Well it owns the LLC, OK, fine.<br \/>\n31:28<br \/>\nThen they get that. Then you get the LLC\u2019s EIN tax number.<br \/>\n31:31<br \/>\nThe LLC is the account holder. The PMA is not the account holder.<br \/>\n31:35<br \/>\nThe LLC gives up all the information that \u2026 certified, copy, the articles, all that.<br \/>\n31:39<br \/>\nThe signer gives up his all KYC stuff, and then we\u2019re good. We can do our accounts and everything, and there\u2019s zero liability for everybody involved.<br \/>\n31:47<br \/>\nBeautiful!<br \/>\n31:48<br \/>\nExcellent. Any questions from anyone?<br \/>\n31:54<br \/>\nBe a great time to ask questions. Yes! Any any questions?<br \/>\n31:59<br \/>\nGot Alexandra, again, hold on. Yeah, yeah, Bank Garnished.<br \/>\n32:04<br \/>\nOK, yes, go ahead, Alex, OK.<br \/>\n32:08<br \/>\nYeah, so currently I have an LLC set up as an S corp, but you\u2019re saying as a PMA, just for clarity in the PMA should be owned by the LLC.<br \/>\n32:19<br \/>\nNo, no. What you do is an S Corp.<br \/>\n32:21<br \/>\nYou could keep on running as an S corp, tax situation is all the same, but you you don\u2019t have any protection.<br \/>\n32:29<br \/>\nYour accountant set it up for tax convenience, OK, report.<br \/>\n32:33<br \/>\nSo what you do, accounts are not risk managers.<br \/>\n32:36<br \/>\nThey\u2019re not even investors or, you know, so what you do is you amend the articles with the state and where are you Let\u2019s say your name is John Smith OK, so he made you the owner, let\u2019s say. you own 100%.<br \/>\n32:50<br \/>\nSo John Smith is the owner.<br \/>\n32:53<br \/>\nI\u2019m going to amend the articles and I\u2019m going to add John Smith, comma PMA to the articles and make him and the other member.<br \/>\n33:03<br \/>\nOK, when I amend the articles.<br \/>\n33:05<br \/>\nSo there\u2019s a document you file with the state that\u2019s amending the article. So I add the name of the PMA, I just so happen to call it the same name as the current owner.<br \/>\n33:14<br \/>\nIt\u2019s not the same oh it\u2019s not the same thing. I just use the same name.<br \/>\n33:18<br \/>\nOnce I add the PMA. in the next line I remove the individual owner John Smith.<br \/>\n33:26<br \/>\nSo now John Smith was the owner, now John Smith, PM, as the owner.<br \/>\n33:30<br \/>\nJohn Smith \u2026 in all caps. Not that that\u2019s so important, but John Smith, PMA, is the new owner.<br \/>\n33:36<br \/>\nAnd the PMA is where I have all the property rights Before John Smith. It was obvious. He had all the property rights.<br \/>\n33:41<br \/>\nNow the PMA has all the property rights.<br \/>\n33:44<br \/>\nNow, John Smith is: Tax liability is what it was before, OK? And we could talk about that too, because that\u2019s another way of reducing tax liability using a PMA. That\u2019s not necessary. But you can use a PMA for this purpose.<br \/>\n33:55<br \/>\nYou can have zero tax liability, but I did this for someone a couple of months ago who\u2019s being sued, and I said: All right, Do you want to fight the case? He\u2019s like, Well, not really. I said, No, I\u2019m sure you don\u2019t. I wouldn\u2019t neither. Let\u2019s just eliminate your risk. That way. You don\u2019t have to get into the court.<br \/>\n34:12<br \/>\nYou don\u2019t have to fight the case, because you have zero risk.<br \/>\n34:16<br \/>\nSo all we did was filed an amendment to the Articles and replaced his name with his name. Come Up, Hear Me.<br \/>\n34:22<br \/>\nIt\u2019s that simple.<br \/>\n34:23<br \/>\nSo he no longer had the ownership interest in the company, and all that interests was not attachable.<br \/>\n34:31<br \/>\nThe PMA now has no liability to anybody. It\u2019s a new entity.<br \/>\n34:35<br \/>\nAnd you\u2019re off the hook.<br \/>\n34:36<br \/>\nNow, he can, when the attorney can win the case and lose the case, because he\u2019ll never, he\u2019ll never collect anything on it, even though he won the case.<br \/>\n34:50<br \/>\nYeah. It\u2019s kind of like the Wyoming approach, basically.<br \/>\n34:56<br \/>\nNow, having a registered agent on file.<br \/>\n34:59<br \/>\nSo, all kinds of states require a company that\u2019s registered with the state to have an agent.<br \/>\n35:05<br \/>\nYep, they\u2019re having while.<br \/>\n35:06<br \/>\nI mean, I have a while, I have several Wyoming LLC, they do require restoration, They all do. Yeah, OK, so that has nothing to do with, what I just said, risk management, what you want to do is change the ownership.<br \/>\n35:17<br \/>\nThe ownership is where you have the liability.<br \/>\n35:19<br \/>\nSo if you do not have the exclusive ownership and the ownership and the stock or whatever cash bank accounts, if that ownership is owned by a group that just has a name and we don\u2019t know who\u2019s in the group and we can\u2019t discover who\u2019s in the group, then no liability could be attached to that, that asset.<br \/>\n35:34<br \/>\nLet\u2019s say it\u2019s cash, the only time that money can be taken is if it\u2019s disbursed to the party who has the liability, like get my paycheck.<br \/>\n35:43<br \/>\nAll right, which I control.<br \/>\n35:45<br \/>\nOK, John, real quick is a question. I have a question from Brandon particles. In the chatroom: can I put my house my pension, my precious metals?<br \/>\n35:53<br \/>\nMy cash, my crypto inside of a PMA, not exactly. You can, OK, I\u2019m going to caution you on using a PMA with the world. Use that as the owner of a trust, or the beneficiary trust or an LLC.<br \/>\n36:07<br \/>\nThat\u2019s a better way to do it, but you can title your house in it. You can also put a lien on your house. You can put a lien on your car with it. You can own your car with it. You can own a business with it. you can own your rental income property with it.<br \/>\n36:18<br \/>\nYou can buy real estate securities.<br \/>\n36:20<br \/>\nYou can do anything that you could do in your name with a, an LLC owned by a PMA, I like to say.<br \/>\n36:27<br \/>\nBut, yeah, the PMA could hold your property rights and avoid all kinds of liabilities. Yes?<br \/>\n36:35<br \/>\nAnd the later on the broadcast, we\u2019re going to get into the B value of having a PMA, or a \u2026, or some sort of the other entity that you control, that you control all having a lien against certain a certain property.<br \/>\n36:51<br \/>\nThat you have, IE a car, IE a home, and we\u2019ll get into how that protects, protects you from, from any sort of litigation, because, here\u2019s the thing folks you want to be bulletproof.<br \/>\n37:02<br \/>\nRight And one of the full philosophies that I have is to John Rockefeller follow \u2026. Right. And that philosophies, own nothing but control everything. You have to own nothing on paper. If you don\u2019t want asset search on me, I have nothing. I literally have nothing on assets. I mean, you wanted to sue me tomorrow. There\u2019s nothing to suit.<br \/>\n37:22<br \/>\nYeah, Maybe, Yeah.<br \/>\n37:25<br \/>\nYes.<br \/>\n37:26<br \/>\nYes. Yeah. I literally would ignore you when John sets up a client properly.<br \/>\n37:32<br \/>\nAbsolutely.<br \/>\n37:33<br \/>\nNow, what I was saying is that when John sets up a client and somebody sues you lay down the road for $10 million you\u2019re gonna laugh at their face, but yeah. I wouldn\u2019t even pay attention to it.<br \/>\n37:44<br \/>\nYeah.<br \/>\n37:46<br \/>\nOn the IRA, the pension funds, OK, I have other concerns about that, because you\u2019re missing opportunities by trying to get tax benefits.<br \/>\n37:55<br \/>\nAnd I know maybe it\u2019s new for a lot of people to think of, but my, my best use, my best recommendation for the best use of capital is to get out of those IRAs.<br \/>\n38:03<br \/>\nThe IRAs are already trust accounts.<br \/>\n38:06<br \/>\nAn IRA is a trust.<br \/>\n38:08<br \/>\nSo, you have to follow the statutory trust rules, which are, for example, if you do a self directed IRA, you need to have an LLC that\u2019s dedicated for that purpose only.<br \/>\n38:20<br \/>\nIt becomes the trustee for that IRA, there\u2019s gotta be a trust custodian of all.<br \/>\n38:24<br \/>\nAnd you cannot use it for anything else, And it also has to have, in the operating agreement, certain provisions that are required for tax purposes. So, you\u2019re really limited with an IRA.<br \/>\n38:34<br \/>\nSo I\u2019m not, I\u2019m going to tell you an IRA, Maybe you have exemptions with an IRA and stuff, but you\u2019re missing opportunities to make money with your money, when you\u2019re letting someone else try and make money with your money, You\u2019re not investing, if you have an IRA, someone else is investing with your money, is that an investment for you?<br \/>\n38:51<br \/>\nCertainly not.<br \/>\n38:52<br \/>\nI would happily pay my penalty and take the remaining money out of my IRA and go use my wits in, trying to invest somewhere and hope I make some money. And if I lose the money, great, fine. If I make some money even better, but I would rather be in control of my money.<br \/>\n39:06<br \/>\nSo your biggest risk on IRAs is not the title of the property, It\u2019s missing opportunities.<br \/>\n39:14<br \/>\nAbsolutely.<br \/>\n39:17<br \/>\nYeah, You have some things right Where you.<br \/>\n39:19<br \/>\nYou do a rollover for IRAs for Gold, right?<br \/>\n39:22<br \/>\nYeah, We\u2019ll do a rollout.<br \/>\n39:25<br \/>\nYeah, absolutely, we do rollovers for IRAs, for gold, for Kryptos, for, you know, you want to buy a business, you want whatever the heck you want to do, but, you know, Accumulated assets were able to help you with that. That is not a problem.<br \/>\n39:39<br \/>\nYou don\u2019t want to just parked in their money to work, put your money to work, you know, I spoke to my dentist and he was asked me about this. His account was having to do crazy things, and I said, You know, you just shown you how to get tax deductions and create more filing things for him to do, for, you know, that\u2019s not really benefiting you and he\u2019s not an investor, Anyways.<br \/>\n39:58<br \/>\nAnd I said, Because what do I do? I don\u2019t know any, I don\u2019t know what else to do.<br \/>\n40:01<br \/>\nAnd I said, Well, I can\u2019t tell you what to invest in, but I can tell you this, instead of looking for tax benefits, start shopping for things.<br \/>\n40:07<br \/>\nIt\u2019ll give you return on capital, and the technical phrase for that would be internal rate of return.<br \/>\n40:13<br \/>\nNet present value, right? So, if you have $100,000, there is a thing called net present value that can be used to measure the value of the $100,000 today, and in 10 years from now.<br \/>\n40:24<br \/>\nSo the other question is, the longer I sit on that $100,000 and don\u2019t do anything with it, that net present value is negative, I\u2019m losing money. If I put it somewhere, will I have a chance of making a positive? That\u2019s way better than trying to get tax breaks on it.<br \/>\n40:38<br \/>\nSo that\u2019s the first thing, is start.<br \/>\n40:40<br \/>\nstart looking for things that produce return on capital, and stop shopping for tax benefits and interest rates.<br \/>\n40:49<br \/>\nAbsolutely. Anybody else have any questions?<br \/>\n40:54<br \/>\nJohn will move to the next topic, then, then I will jump in with what I have to say. Anybody else? Any questions?<br \/>\n41:01<br \/>\nAlexandra, Hold on one second.<br \/>\n41:08<br \/>\nAll right.<br \/>\n41:10<br \/>\nI\u2019m sorry, I don\u2019t know what else on the floor. I didn\u2019t have any questions. I understand the structure set up now.<br \/>\n41:14<br \/>\nYeah, perfect, awesome, OK Cool, anybody else have any questions?<br \/>\n41:20<br \/>\nJust so you can raise your hand.<br \/>\n41:23<br \/>\nJust hit the raise hand button, and it\u2019ll allow you to ask your question.<br \/>\n41:27<br \/>\nAnd I don\u2019t know, unmute you, and you can speak freely to us, if not, John. You can continue to the next section of what you are going to discuss.<br \/>\n41:36<br \/>\nWell, there\u2019s a question in the chat room right now up, Matt Long is asking the question. are there books on PMS?<br \/>\n41:45<br \/>\nI don\u2019t know of any. I don\u2019t. I don\u2019t think so. Guys. Here\u2019s the thing. Let me just say this.<br \/>\n41:51<br \/>\nEverything you\u2019re about to learn right now. There\u2019s no books on it.<br \/>\n41:56<br \/>\nThere\u2019s, you can google search it. I swear to you everything that John\u2019s gonna be teaching you today.<br \/>\n42:01<br \/>\nThat everything I\u2019m gonna be sharing with you today, you\u2019re not going to find it on Google? Why?<br \/>\n42:05<br \/>\nThis comes from P two guys, who worked in the industries we\u2019re talking about. We\u2019ve been there, we got that. You know, we got to, we\u2019ve been there, done that. Got the t-shirt.<br \/>\n42:15<br \/>\nSo there\u2019s no, there\u2019s none of this stuff. This is for guys who are insiders who know how the **** really works.<br \/>\n42:20<br \/>\nWhat, I\u2019m about to tell you, what jobs might tell you you. Google, search at all, you want, you can find it once, it\u2019s set up for you, you\u2019ll see, holy ****, oh, I get it, now this works. OK, yeah, I do not want to write a book on this. I don\u2019t know just anybody to know it. Now. Same same. Look, these are legal loopholes that have been in existence for for, for so many, so many decades, hundreds of years.<br \/>\n42:46<br \/>\nAnd, honestly, I don\u2019t feel like painting a target on my back, to, but, yeah, there\u2019s some things I don\u2019t want to publish, but, uh, definitely, you know, we\u2019d like to talk about the fact that you can do these things.<br \/>\n43:01<br \/>\nYou know, and there\u2019s some secrets that go along with it.<br \/>\n43:02<br \/>\nBut yeah, I mean, a PMA is a great tool, and, you know, it\u2019s like, If I if I parked a helicopter in your driveway on your birthday, and said happy birthday as a helicopter, you\u2019d be like, Wow, that\u2019s terrific.<br \/>\n43:14<br \/>\nDoes it have fuel, where do I buy fuel?<br \/>\n43:16<br \/>\nDoes it need a license? Hey, what\u2019s this thing for over here? I don\u2019t know how to fly a helicopter. What good is it for me?<br \/>\n43:22<br \/>\nSo, we\u2019re talking about \u2026 now, and you can Google it, You\u2019ll find physicians using it.<br \/>\n43:27<br \/>\nThere\u2019s, there\u2019s all these little nuances that you have to understand, and hopefully, you know, I give you a little bit of a foundation if you don\u2019t like the whole idea, If you don\u2019t understand it, well, then, go do it. Your accountant says, Do an S corp.<br \/>\n43:37<br \/>\nNo, or not. Just make yourself a fictitious name and start a home-school business.<br \/>\n43:42<br \/>\nSomebody asked me the other day, and he was telling me it was difficult for him to come up with the money, to pay for, operating, the startup costs, right? So I said, don\u2019t, don\u2019t do all that stuff.<br \/>\n43:53<br \/>\nJust go make the money.<br \/>\n43:54<br \/>\nGo make your deal. It doesn\u2019t matter if it\u2019s in your name. After three months, you\u2019ll make enough money, then you\u2019ll set up and re-organized everything. So, yeah, a lot of people like them, and a lot, luckily, it\u2019s lot of people wait around all, you know, I gotta, I gotta pay this fee, that fee. I gotta set up this type of banking structure, and I gotta get this kind of license, and I got up.<br \/>\n44:12<br \/>\nLike, for instance, you know, we\u2019re in the middle of launching an exchange, one of the things is, like, we\u2019ve got to go out and get MTL licenses. That means every state.<br \/>\n44:19<br \/>\nI go to John, I gotta put up 100,000 $100,000 dollars in a surety bond And then what the surety bond, I gotta give them asset papers this time, the other and then get them. They\u2019ll shoot me an empty slice as well after the \u2026 license.<br \/>\n44:33<br \/>\nYou know, my partners and I will guys just knock it off, launch. This thing out there will make the money don\u2019t worry about it. Because all these **** regulators, these bureaucrats are so **** ****** slow by the time they realize what the **** is out there. You\u2019ve already made your profits tenfold.<br \/>\n44:48<br \/>\nSo don\u2019t let know things like, you know like.<br \/>\n44:53<br \/>\nLike money or I gotta get this proper setup, quote unquote setup Stop you from getting ahead.<br \/>\n44:59<br \/>\nKnow, because it sets you up for failure that Junket Yeah.<br \/>\n45:02<br \/>\nThat could be your excuse for not starting something, the same for taxes don\u2019t be concerned about what your taxes might be that I\u2019m I\u2019m telling you, you\u2019re tax people. I don\u2019t care.<br \/>\n45:11<br \/>\nIf you\u2019re in California even the tax people are technically the friendliest creditor, you\u2019re going to run into.<br \/>\n45:17<br \/>\nWhy are they friendly because it\u2019s easier to deal with them, OK. People don\u2019t realize that the IRS the world\u2019s most friendliest elections, people don\u2019t realize that.<br \/>\n45:28<br \/>\nAnd they lose 96.7% of the cases they prosecute.<br \/>\n45:33<br \/>\nThey lose.<br \/>\n45:35<br \/>\nOK, that\u2019s a fact.<br \/>\n45:37<br \/>\nThat\u2019s a fact.<br \/>\n45:39<br \/>\nI\u2019ve got a question. I\u2019m glad, John. I\u2019ll let you finish your statement. Then. We have a question from Jackie and make your money. If you, if you paid more taxes, if you have higher tax bill than you could have had.<br \/>\n45:48<br \/>\nSo, what?<br \/>\n45:49<br \/>\nyou just learned, how to make the money.<br \/>\n45:52<br \/>\nAnd maybe you didn\u2019t make a profit. Now, you learn how to make the money, though.<br \/>\n45:55<br \/>\nGo now, make the money. And learn how to make a profit this time, And, sure, your tax bill is going to be out here, and it will follow you, and you can deal with that. But make the money, and learn how to make the money.<br \/>\n46:06<br \/>\nExactly.<br \/>\n46:07<br \/>\nWe\u2019re gonna go right to the questions but really quick. So \u2026 Park on the on the Chancellor so we can get a loan for the LLC and the LLC owned by the PMA. Correct.<br \/>\n46:15<br \/>\nAnd this is why I will.<br \/>\n46:17<br \/>\nWe said, it\u2019s like, oh, we\u2019re gonna get into owning LLCs when we get into personal credit versus corporate credit and the changes that are ahead on the horizon and, guys, I\u2019m telling you what\u2019s ahead, you need to stop using personal credit for what\u2019s ahead. If you need to declare a bit, you know, you want to go ahead and get some money and ***** everything right now on your credit, now\u2019s the time to do it, because everybody\u2019s defaulting left and right on debt. Now\u2019s a great time to do it.<br \/>\n46:41<br \/>\nBut I\u2019ll get into that later. OK, so Java Tough, Man. Here we go. I\u2019m going to unmute him, John? Go ahead, sir.<br \/>\n46:48<br \/>\nHi, guys, I have a question from John J: I currently do have a LLC in it.<br \/>\n46:57<br \/>\nBut the thing is always I have I\u2019ve already set up a business, um, and so I would have to I don\u2019t know what I have to change.<br \/>\n47:05<br \/>\nAll of my accounts that are currently connected to the LLC ticket to do the PMA.<br \/>\n47:11<br \/>\nOh, OK, No, or DBA. Gotcha. No, no.<br \/>\n47:17<br \/>\nGo ahead, OK. Or do you think it said that it would be better for me to set up another LLC and where I would just take?<br \/>\n47:25<br \/>\nSo whatever I\u2019m making? And then transfer the money from the LLC?<br \/>\n47:29<br \/>\nTo the other LLC PMA? What do you think? No, no, you don\u2019t have to do that. Just keep everything the same. Except amend your articles, like I just explained you guys. You know. This is so simple that you have to, you know, think wait a minute. Now there\u2019s more. Do I have to do a new LLC? No, you. Don\u2019t you amend the articles? You add the PMA, you call it, whatever you want.<br \/>\n47:48<br \/>\nAdd the PM.<br \/>\n47:49<br \/>\nAid to your articles as a new member, Then remove the previous members, so that the PM as your single Member on the LLC, and keep on doing what you\u2019re doing. Everything is the same.<br \/>\n47:59<br \/>\nThe only thing that happens now is the property rights are held in the company, and they\u2019re not yours anymore, You become the trustee for all that asset, in general, liability.<br \/>\n48:11<br \/>\nAll right, so, now, so that means that for now on, I won\u2019t have to mmm hmm.<br \/>\n48:20<br \/>\nTell my Like my bank, I don\u2019t have to mention that I changed with the bank. I don\u2019t have to mention this to my, like Amazon, for example.<br \/>\n48:28<br \/>\nI don\u2019t have to change the name now. Because when you amend the articles that, OK, the articles are the law of the company. This is what I always say, The articles you file and the public records, or the law of the company. So when you, when you publish the articles and you say this is the owner will then that\u2019s the owner. And that\u2019s the, all all the liabilities fall into that. You don\u2019t have to do anything else.<br \/>\n48:49<br \/>\nIf they, if they can\u2019t, they\u2019re bound to the articles, if your bank is because it\u2019s public record.<br \/>\n48:56<br \/>\nSo whenever you make the change, the bank is going to have to go along with it as binding on everybody. OK.<br \/>\n49:03<br \/>\nYeah. And I, I just wanted. it also mentioned it\u2019s just coincidental. I\u2019ve been homeschooling my children for the past. Oh, my gosh. 5, 6 years.<br \/>\n49:12<br \/>\nAnd actually, just about this past week, my wife mentioned that I should be coaching parents on how successful at homeschooling. And because, besides, I also have a teaching degree.<br \/>\n49:23<br \/>\nSo my wife said that a week ago, and you just brought this up about homeschooling. Yes.<br \/>\n49:29<br \/>\nI actually, that\u2019s, I think, a really great idea about the homeschooling situation. It\u2019s usually, yeah, let me throw something in there, too, with the curriculum.<br \/>\n49:38<br \/>\nOK, I didn\u2019t mention this before, But, if you, if you\u2019re wondering about a curriculum, like I\u2019m sure you were, I was, when I first are, like, what the heck am I gotta teach my kids, you know that you would think it\u2019s so obvious.<br \/>\n49:49<br \/>\nI would recommend looking at the work of John Gatto.<br \/>\n49:53<br \/>\nOK, check out his work because he\u2019s identified the weaknesses from our public school system and if you start there, you\u2019ll automatically cure the problems we already had with the school System.<br \/>\n50:05<br \/>\nStart with exactly on Gatto.<br \/>\n50:07<br \/>\nGTO Yes and thank You gentlemen. I appreciate your help.<br \/>\n50:14<br \/>\nSure, and there\u2019s another query. That\u2019s a great question, be.<br \/>\n50:18<br \/>\nYeah, this guy, man. He\u2019s got this guy here. He\u2019s got A he has an LLC, right?<br \/>\n50:22<br \/>\nHe\u2019s asking about the PMA, is it a way around having liability insurance?<br \/>\n50:27<br \/>\nSo I\u2019m gonna take quick story. So somebody call me earlier this year, last year was last year and he was a I think he owned a production facility, like a factor, or something. And he said my.<br \/>\n50:37<br \/>\nMy partner here said call you because I\u2019m kind of ****** off because my attorney told me I need $3 million of litigation insurance.<br \/>\n50:47<br \/>\nSo this is my, my nature is I\u2019m always making fun of things, So I said to him, So who was it again that told you You need to litigation insurance and he started laughing at it because my attorney, I said, well, would you think you would ask you for anything else, Right?<br \/>\n51:01<br \/>\nLike, how can I work for you with no billable hours, you know, No, how can I work for you and create a way for me to get paid for more billable hours, right?<br \/>\n51:11<br \/>\nSo I said, well, let\u2019s look at the risk.<br \/>\n51:13<br \/>\nWhat is the risk, and this is, this is going to your question about liability insurance, so you want to ask yourself, what is it that you\u2019re insuring against? What is the liability? Which is what I asked this guy, He goes, Well, we\u2019re in a business where the customer has a propensity to sue me, the business owner. It just so happens that that\u2019s the kind of business it is. And I said, OK, so here\u2019s what we do.<br \/>\n51:33<br \/>\nLet\u2019s look at that liability.<br \/>\n51:35<br \/>\nFirst of all, if it\u2019s a customer that\u2019s going to sue you, you, want to have a good relationship with them. That means you want to make sure people are trained and you have a good rapport with the customer. Maybe you have a friendly refund policy. You know, things like that.<br \/>\n51:46<br \/>\nGood stuff, right? Whatever that is, you figure that out as a business owner.<br \/>\n51:50<br \/>\nThe next thing is you have a written policy. You have a written customer agreement or a policy that says, here\u2019s the kind of thing we\u2019re gonna do together. You can expect me to come and walk your dog on Saturday. But you can\u2019t expect me to deliver on time, right? So you you narrow the issues that you have with your customer.<br \/>\n52:05<br \/>\nAnd that way that narrows what claims he could make then in the contract you do two things. one is you make your customer heavy.<br \/>\n52:13<br \/>\nA mutual interest with you with your, with your business, so you literally have what\u2019s called a mutual indemnification clause in the contract.<br \/>\n52:23<br \/>\nAnd I say it like that, because you guys want to search this on the internet. What the heck is a mutual indemnification clause in the contract?<br \/>\n52:31<br \/>\nWhat that says is, he\u2019s gonna protect you, and you\u2019re gonna protect him, We\u2019re gonna work together. If we get some crazy thing going on here, we\u2019re on the same side, OK.<br \/>\n52:38<br \/>\nHe\u2019s not going to take this guy side and attack you, whatever that is, OK, right.<br \/>\n52:43<br \/>\nThe other thing you want to have in the contract in writing is you want to have, in my opinion, I don\u2019t think you want to have a binding arbitration clauses. I think that\u2019s unfair to customers, especially, especially non business customers.<br \/>\n52:54<br \/>\nI think you want to have a nod or a non binding mediation clause. And that just means that the customer can\u2019t sue you until he tries to work out a disagreement with you. And if you can\u2019t work it out with you directly, then he\u2019s required to go to a mediator or both. You are required to go to a mediator, a third party that\u2019s neutral. It does not have to be a professional mediation service.<br \/>\n53:14<br \/>\nIt could be Uncle Bob that everybody loves, OK?<br \/>\n53:18<br \/>\nYou guys have a mediation.<br \/>\n53:19<br \/>\nYou agree on how are you going to work it out. Try to work it out. If you can\u2019t work it out, then you can go to court and work out the difference, whatever else you couldn\u2019t work out, OK, because maybe you can work out part of it.<br \/>\n53:28<br \/>\nWhat happens is if your customer just sues you first, he\u2019ll be barred from the Court And he\u2019ll be barred from mediation, it\u2019s really powerful.<br \/>\n53:37<br \/>\nSo you want to look up on the Internet if you want. You know, non binding mediation clauses, I have them. I write them based on the business.<br \/>\n53:43<br \/>\nSo, I\u2019m walking this guy through how to mitigate the risk he told me he had. Did I, at one point, ever mentioned you need to save so much money for in case you have to pay an attorney?<br \/>\n53:55<br \/>\nNo, I\u2019m going to show him and the punchline is I haven\u2019t gotten to the punchline yet.<br \/>\n53:59<br \/>\nI\u2019m going to show him how to not even have an attorney. So by this time, he\u2019s getting a little miffed.<br \/>\n54:05<br \/>\nHe\u2019s like, He\u2019s like, ****. What am I turning? Tell me any of this and I\u2019m like, oh, well, you know, he\u2019s only carry out. Yeah, he\u2019s only cared about how he could buy a Ferrari out his 50th birthday. You know, He doesn\u2019t care about you.<br \/>\n54:18<br \/>\nSo I said, Here\u2019s exactly.<br \/>\n54:22<br \/>\nYes, exactly. The reason why you want to prevent this lawsuit from your customers because your good name, You don\u2019t want the customer to interfere with your business.<br \/>\n54:29<br \/>\nYou don\u2019t want, you know, to interrupt what you\u2019re doing and you have to restructure things, or whatever you don\u2019t want to have a lien on your receivables.<br \/>\n54:36<br \/>\nYou don\u2019t want to risk that, right?<br \/>\n54:39<br \/>\nLet\u2019s have a company, a new company.<br \/>\n54:42<br \/>\nWe\u2019re going to set up a new company, and we\u2019re going to make your customer service contract the best ever, and that company\u2019s going to provide the best customer service for your customer in the name of your existing company, But the contract is with the new company, and it\u2019s just a piece of paper.<br \/>\n54:57<br \/>\nIt doesn\u2019t have all your equipment. It doesn\u2019t have your employees. It doesn\u2019t have your facility.<br \/>\n55:02<br \/>\nIt doesn\u2019t have any receivables, your trade name, your brand name, your trade secrets, nothing. It\u2019s just a piece of paper.<br \/>\n55:07<br \/>\nSo, if it ever some point ends in a in a lawsuit, your customer is going to be suing a piece of paper that you can dissolve in one minute with a piece of paper and set up a whole new one. So you could if you wanted to ignore the lawsuit.<br \/>\n55:20<br \/>\nEven though you have a multi-billion dollar franchise going on here or whatever you\u2019re doing, or you could deal with the customer and try to work it out still in court, you have a choice.<br \/>\n55:29<br \/>\nHe\u2019s not going to extort your business out of you.<br \/>\n55:33<br \/>\nBoy, he was like, whoa. We have a question from, you know. So.<br \/>\n55:39<br \/>\nWe have a question from Richard Garcia, Richard Godhead.<br \/>\n55:46<br \/>\nRichard, Richard.<br \/>\n55:49<br \/>\nRichard Garcia?<br \/>\n55:53<br \/>\nI guess not. All right, John. The next thing you want to kind of go for it, man.<br \/>\n55:59<br \/>\nWell, the next question on this, so I\u2019m looking at the chat window here that you know errors and omissions insurance that I think you want to have an insurance policy for that, because, you know, you care for yourself.<br \/>\n56:10<br \/>\nWhatever. I mean, I don\u2019t know what you\u2019re doing for whatever company you want to use.<br \/>\n56:12<br \/>\nIf somebody, another partner or supplier or whatever is telling you that to deal with this, you have to have, you know, errors and omissions insurance. Probably it\u2019s a good reason to have one, because you\u2019re not, I don\u2019t know, any other way to mitigate that risk.<br \/>\n56:26<br \/>\nAgain, we\u2019d have to go look more about what that specific risk is for, you know, because you could be self insured to, I\u2019m not saying that\u2019s a good idea either, but sometimes you do want to have a third party take on that risk, because it\u2019s not a risk that you should be taking on.<br \/>\n56:43<br \/>\nRight.<br \/>\n56:43<br \/>\nSo, yeah, you know, I don\u2019t see a problem with that, but for, like, $3 million of litigation insurance, I think that\u2019s a big problem.<br \/>\n56:50<br \/>\nJust the litigation insurance is a problem.<br \/>\n56:55<br \/>\nThe next thing you want to cover, man? Glad.<br \/>\n56:58<br \/>\nWell, you know, uh, that\u2019s an example business. I don\u2019t know what else I can talk about MLS. You guys want me to dial in some detail on some of this stuff.<br \/>\n57:06<br \/>\nI mean, you want to talk about product and the homeschooling you want to talk about.<br \/>\n57:12<br \/>\nExpanding it, how much money could I make doing it?<br \/>\n57:16<br \/>\nHow do I connect with people, what, I guess? we can, we can circle, we have Richard \u2026 back home, he asked?<br \/>\n57:27<br \/>\nYeah, ritchey there?<br \/>\n57:32<br \/>\nRichard.<br \/>\n57:36<br \/>\nOverhand Wanted us, OK, Cool. So, John, those are all great things. We can circle back to that.<br \/>\n57:44<br \/>\nWhat I want to get into real quick, because we have like an hour less than an hour left, and I\u2019m gonna jump into this. For those that don\u2019t know, this broadcast is being recorded. Everybody that\u2019s been on the street life e-mail is going to be getting this.<br \/>\n57:56<br \/>\nThese are those who, no, got the positioning in. And, you know, so if you missed it, if you\u2019re worried about it, because of the issues with Zoom, don\u2019t worry, this will be sent to you.<br \/>\n58:06<br \/>\nI just need to edit out the first couple of minutes where you just hear me breathing on the air.<br \/>\n58:10<br \/>\nBut apart from that, it\u2019s going to be straightforward for you charge extra for that, I will charge extra for air breathing if any of you are interested in contacting me In order to, air breathing over the phone. Maybe, you know, it\u2019s kind of like white noise, helps you go to sleep, I can do that.<br \/>\n58:26<br \/>\nI\u2019m available for that as well OK.<br \/>\n58:29<br \/>\nso jumping into this, it\u2019s very important. A couple of things that I want you guys to understand before we get back into the into the homeschooling and business formation and all that.<br \/>\n58:39<br \/>\nI want to let you all know about credit and how credit works how it operates when we got to Oregon.<br \/>\n58:44<br \/>\nIt doesn\u2019t matter if you\u2019re in Canada the US.<br \/>\n58:47<br \/>\nAustralia or the UK does not matter in Australia in the US.<br \/>\n58:51<br \/>\nWe have three major credit reporting bureaus Experian equal facts TransUnion in the UK.<br \/>\n59:01<br \/>\nThey have three credit reporting bureaus, Experian Equifax TransUnion in Canada.<br \/>\n59:09<br \/>\nThey have two credit bureaus effects, TransUnion, and if you\u2019re in Australia, they have Experian Equifax an alien, OK, which was formerly known as a Dun and Bradstreet, OK. That\u2019s That\u2019s handled your credit. No matter who you use, they all use the same metrics. They\u2019re all built off a FICO, OK.<br \/>\n59:29<br \/>\nNow, there\u2019s no, we everybody that\u2019s in the broadcast, if you haven\u2019t heard about it and whatnot you\u2019ve probably heard about, you know, the social credit scores right in China.<br \/>\n59:44<br \/>\nYeah.<br \/>\n59:45<br \/>\nAnd I will let you know right now that we\u2019ve been doing a social credit score system in this country for quite some time.<br \/>\n59:53<br \/>\nProbably as early as, actually, even before the Chinese even started, John, We\u2019ve been doing a social credit score now.<br \/>\n1:00:02<br \/>\nYeah.<br \/>\n1:00:03<br \/>\nJohn and I were talking, and I was getting him informed on some of the granularity of where we are with some of these data companies.<br \/>\n1:00:10<br \/>\nFolks, I have clients that come to me and say, hey, you know what? I have an 800 credit score. I have low debt to income ratio, and I have pretty decent income.<br \/>\n1:00:18<br \/>\nI was denied this loan that I was that I was looking for.<br \/>\n1:00:23<br \/>\nI was denied a mortgage, I was denied this, I was denied that, and they can\u2019t figure out why.<br \/>\n1:00:29<br \/>\nFolks, there are data companies out that there\u2019s over 50 some odd daina companies out there that get to the granularity of who you are as a person.<br \/>\n1:00:37<br \/>\nThey buy this from all, the, the, the, the, the data apps and all these things that are aggregated and sold.<br \/>\n1:00:46<br \/>\nAnd these are data apps that are pulled from Google and pulled from Yelp and Facebook and Pinterest and Instagram and Twitter and all this other stuff, and it\u2019s amalgamated and packaged and sold off to various data companies.<br \/>\n1:01:01<br \/>\none of the, some of these companies are, can, can tell you if you\u2019re the type of person that happens to fit the profile of somebody who\u2019s going to default on a loan.<br \/>\n1:01:10<br \/>\nOK some of these companies will tell you that even for an insurance company you\u2019re trying to apply for insurance and you want your premiums or Sudan high.<br \/>\n1:01:16<br \/>\nAnd while there\u2019s a data company after that that, that reported that you are very likely to skip taking your meds.<br \/>\n1:01:25<br \/>\nThese are the, the folks, let me explain them to you. These data companies know you better than you know yourself.<br \/>\n1:01:32<br \/>\nThey know exactly how much toilet paper you\u2019re going to be using next Tuesday night, at 9 0 PM after you watch a Frazier, on, um, you know, whatever network you watch it on, right.<br \/>\n1:01:43<br \/>\nThey just know these things.<br \/>\n1:01:45<br \/>\nAnd so the reason why I bring this up is you need to get away from utilizing personal credit and start developing business credit. Now, there\u2019s still a window of opportunity time we\u2019re credit can be fixed. It can be repaired.<br \/>\n1:01:57<br \/>\nIt could be wiped, clean thoughts.<br \/>\n1:02:02<br \/>\nIf you guys are still utilizing your fit, use, social media, you need to get rid of that quickly, You need to knock it off, you need to get rid of it, you need to get off, I don\u2019t have any social media, John doesn\u2019t have any social media. Nobody in my circle, doesn\u2019t have any social media. We don\u2019t do it, you don\u2019t touch it. It\u2019s radioactive. I don\u2019t care. I used to talk to my grandma in Arkansas.<br \/>\n1:02:20<br \/>\nI don\u2019t care, get off of it.<br \/>\n1:02:23<br \/>\nCall your grandmother, call your mom, send them a telegram. Send them an e-mail, send them a post it, I don\u2019t care.<br \/>\n1:02:29<br \/>\nGet off the social media, stop it.<br \/>\n1:02:32<br \/>\nGet some help, stop, stop, and get some help us all these years to come out, and say, That has to be exactly. There\u2019s no other way around. It just stopped doing it.<br \/>\n1:02:42<br \/>\nExactly.<br \/>\n1:02:44<br \/>\nSo, the thing is, So, we\u2019re going to be offline bring very soon, a self credit repair system, and I\u2019m 90% complete with it. I\u2019m going to be offering to, you know, to to the masses.<br \/>\n1:02:58<br \/>\nTypically, I\u2019ve used this in the past years, it off to effectively wipeout clients, that then I became so **** busy that I\u2019ve always outsourced it to trusted credit companies that would be here today, gone tomorrow.<br \/>\n1:03:10<br \/>\nHard to find good help.<br \/>\n1:03:12<br \/>\nThat\u2019s going to be available. So keep it locked over here.<br \/>\n1:03:15<br \/>\nNow. The reason why I bring about credit is this. I want all of you to stop being afraid of credit. Stop being afraid and terrified of debt.<br \/>\n1:03:23<br \/>\nOK, I\u2019ve told this story many times, This is a story of 2008 Financial collapse. I was driving home one day. I heard of the news report, or some young doctor guy. He lost everything in the market crash. He lost his house.<br \/>\n1:03:37<br \/>\nYou know, you lost everything, and, all the way home, he bought himself a pistol one only shot, it\u2019s three daughters.<br \/>\n1:03:45<br \/>\nShot his wife.<br \/>\n1:03:46<br \/>\nThen he pulled the gun, kind of soft blue zone brains out, because he thought debt was real. Function I\u2019m going to tell you right now, Debt is not real.<br \/>\n1:03:54<br \/>\nYou are in a fake, fictitious economy with fake, fictitious debt, everything is manipulated.<br \/>\n1:04:02<br \/>\nFolks, I will tell you this.<br \/>\n1:04:04<br \/>\nI have worked on Cloud client files, personally, when we have cleaned up client files, where, yeah, there were 8820 credit score. We\u2019re able to get them up to 800, OK. Very quickly, very quickly in about 69 days. There\u2019s no pre Cove, and now it\u2019s a little bit longer, depending on the case file.<br \/>\n1:04:22<br \/>\nBut the reason why I bring that up is this is what are the key takeaway is this: do not be afraid of credit scores. We can manipulate credit scores.<br \/>\n1:04:30<br \/>\nWe can we can clean your credit report, we can put things into your credit report legally, to bolster it up, OK? Well, you put trade lines and then we can put authorized user accounts, and we all have things that bolsters your credit score, So, don\u2019t worry about it.<br \/>\n1:04:48<br \/>\nBut the key takeaway here is what I\u2019m trying to tell people, is get away from utilizing personal credit, start getting an LLC. If you don\u2019t have an LLC. Go get one on. people. Say, John, what? do I go to get an LLC? Well, here\u2019s where I like to go. And Johnny could also comment on this as well.<br \/>\n1:05:04<br \/>\nShare my screen here.<br \/>\n1:05:07<br \/>\nYeah, Wow.<br \/>\n1:05:17<br \/>\nHere\u2019s why am I going to ink file.<br \/>\n1:05:22<br \/>\nI go to a site liking file dot com.<br \/>\n1:05:26<br \/>\nAnd I\u2019m able to show, I\u2019m able to go ahead and incorporate and get an LLC set up. Now, there are certain jurisdictions that, I, like, personally, I like New Mexico, I, like, Wyoming.<br \/>\n1:05:38<br \/>\nUm, Delaware, I think, is very popular. A lot of people doing, but there\u2019s just way too much reporting involved in it.<br \/>\n1:05:44<br \/>\nJohn, if you want to chime in right now, talk about some of the Jewish state jurisdictions that you\u2019d like to incorporate into that.<br \/>\n1:05:51<br \/>\nI have my preferred states. I choose them based on the fact that they\u2019re not interfering with your business too much. They just leave you alone, OK?<br \/>\n1:05:57<br \/>\nYes, we avoid California, we avoid Illinois, Texas, New York.<br \/>\n1:06:02<br \/>\nNo, but what else, It doesn\u2019t matter those, those are the biggest one. But the ones I prefer, OK. You can register with the state itself, it\u2019s not hard, it takes like a few minutes to register the articles. All you need to know is a few pieces of information about what you want to do, and that\u2019s it.<br \/>\n1:06:16<br \/>\nThe trick is knowing, know, how to have an operating agreement, No one has to be in there, You can go buy one for 10 bucks or something, but you\u2019re kind of on your own.<br \/>\n1:06:25<br \/>\nThen there\u2019s, what I have are, I create them so that the customer has what I call a banking abstract, so that he can do banking and not disclose all the information that\u2019s important about his company.<br \/>\n1:06:36<br \/>\nSo, I give him a way to have privacy, and also consulting for the year, but you can just literally go to the state and type out the information.<br \/>\n1:06:44<br \/>\nFact, we could do it right here on the call. I can just show you, right now, I can go register one in Georgia, and then you have registered a company now when you go to the bank, they\u2019ll want a certified copy of the articles.<br \/>\n1:06:53<br \/>\nAt the minimum, they may also want to copy the operating agreement, Like I said, you can go get one of those, but you want a real agreement that you can actually use, that gives you protection, that you understand what\u2019s going on.<br \/>\n1:07:03<br \/>\nSo it depends on like, these service groups. Do it for you. Right? They just file stuff. That\u2019s fine.<br \/>\n1:07:07<br \/>\nI mean, you know, if you don\u2019t want to do the legwork, you know, they do it for you, That\u2019s convenient. It\u2019s not hard the state, and that\u2019s not hard on you.<br \/>\n1:07:16<br \/>\nYeah, directly to the state site and get it all fouled up I\u2019ve done with it.<br \/>\n1:07:21<br \/>\nSo, what states, I recommend this for the least involvement of the state in your business and what you\u2019re doing, and they don\u2019t care what you\u2019re doing.<br \/>\n1:07:27<br \/>\nIt\u2019s going to be Wyoming, Arizona, New Mexico, Colorado, Florida, Georgia, and then you\u2019ve got Pennsylvania in Ohio.<br \/>\n1:07:38<br \/>\nNow, I like Pennsylvania, New Mexico, because there are no annual fees or reports due.<br \/>\n1:07:46<br \/>\nThe annual fee is only like, 50 bucks, or something like that. It\u2019s not a big deal, but Pennsylvania, you can register a company, It\u2019ll always be in good standing.<br \/>\n1:07:53<br \/>\nOhio, I think, is that way, too? And I think, Arizona, that same way, you can go check, I don\u2019t think Arizona has an annual cost either.<br \/>\n1:07:59<br \/>\nWhy do I like that, as well?<br \/>\n1:08:01<br \/>\nYeah, why New Mexico and Pennsylvania, for sure?<br \/>\n1:08:04<br \/>\nSo, those are my favorite state. So if I\u2019m working with somebody in New York, I\u2019ll just tell them to organize in Pennsylvania. And then if you, if you live in, let\u2019s say, California, I\u2019ll tell you to use Colorado New Mexico. And then, when you open your bank account, you can use your California ID to open the account.<br \/>\n1:08:19<br \/>\nBut you do it on the internet, because the bank won\u2019t open your account if you\u2019re not in New Mexico.<br \/>\n1:08:27<br \/>\nRight, so that\u2019s the thing to consider.<br \/>\n1:08:29<br \/>\nThe other thing is, when you if you\u2019re in California, for example, and you you, if you put a California address on your New Mexico filing, the state of New Mexico will notify the State of California, that person in California\u2019s organizing outside the state, and then the Franchise Tax Board will send you a bill for $800 for not filing in California.<br \/>\n1:08:49<br \/>\nSo what I do is make sure that, you know, the client\u2019s address is not included on my filing.<br \/>\n1:08:54<br \/>\nSo there are a couple of things you want to be aware of, but those are the basic states and also you\u2019ve got like Idaho, Utah, you know, the states that nobody thinks about that much.<br \/>\n1:09:03<br \/>\nNo feds if you all live there.<br \/>\n1:09:06<br \/>\nThose are the states, you can also register in and not have any difficulty with them.<br \/>\n1:09:14<br \/>\nAbsolutely, and once you have setup, you want it, like, like what John said, you know, you gotta have a nice LLC set up.<br \/>\n1:09:23<br \/>\nAnd then you want to, you know, go ahead with banking, now with banking, here\u2019s the tricky thing, folks, when you go back and take notes on this guys, don\u2019t give them every single detail of your business.<br \/>\n1:09:34<br \/>\nNow, one of the businesses that I operate as a brokerage John, you\u2019re gonna get a kick out of this.<br \/>\n1:09:39<br \/>\nWhen the bank asked me, Well, what do you do?<br \/>\n1:09:42<br \/>\nSoftware, consulting, computer and software sales Oh, OK.<br \/>\n1:09:47<br \/>\nThat\u2019s right. What do you sell different kinds of software.<br \/>\n1:09:51<br \/>\nThen I have no idea. I\u2019m referencing to that I\u2019ve done that, I\u2019m brokering kryptos and Gold and this, that, they have no clue.<br \/>\n1:09:56<br \/>\nI\u2019m just a consulting company, I sell software, right?<br \/>\n1:10:01<br \/>\nYep.<br \/>\n1:10:02<br \/>\nAnd I don\u2019t have a personal banker, so now my my, my, my couch, my LLC, now you know, people say, well, gee, you know if if if my company name is XYZ LLC, and if somebody writes a check to my name, how do I deal with that? Well, simple.<br \/>\n1:10:17<br \/>\nI create a DBA Account, John?<br \/>\n1:10:20<br \/>\nYeah, my DB account is under my name.<br \/>\n1:10:25<br \/>\nAnd so I go to the bank, because then well, I say, well, here\u2019s my LLC. It\u2019s XYZ LLC. It\u2019s computer consulting company, We do salt, we deal with software sales and website development.<br \/>\n1:10:34<br \/>\nI love using that, because, number one, if it\u2019s over their head, number two: they don\u2019t ask questions.<br \/>\n1:10:43<br \/>\nAre: Going to be, Know. I was one of my, one of my partners in business and that you and I both know him as our buddy. Matt, right? Smack. Never know when you have large backstory.<br \/>\n1:11:01<br \/>\nYou are like, be like he has a backstory, my backstory give people as real estate investing in some way. And every, every client I work do one for, I create a variation of real estate investing.<br \/>\n1:11:11<br \/>\nSo that way it goes sales right through the bank. They go, oh, yeah, I make it!<br \/>\n1:11:15<br \/>\nI make it like appear as though the account holder, my client is a newbie at real estate investing. So the person is not going to ask anything. He\u2019s going to be bored, like, Oh, really just starting, OK?<br \/>\n1:11:26<br \/>\nYeah, exactly.<br \/>\n1:11:27<br \/>\nDon\u2019t draw no interests. Don\u2019t tell them what the **** you do for work, right? Don\u2019t tell them what your business is.<br \/>\n1:11:34<br \/>\nUse the most innocuous in descriptive words as possible. You got to think, Like a politician. I went to software sales. I saw software consults. I do marketing web development, you know? Internet sales, Yes. Yeah, right, exactly. You don\u2019t tell them what you\u2019re doing. That\u2019s number one.<br \/>\n1:11:56<br \/>\nSecond thing is that. So, when somebody writes a check and they want to, you know, put in your name, what he did well, I went to the bank.<br \/>\n1:12:03<br \/>\nI got a DB account doing business as I followed my state.<br \/>\n1:12:07<br \/>\nThe DB is under my name.<br \/>\n1:12:09<br \/>\nAnd the state would ask me, well, why do you need to have the SDB under your name?<br \/>\n1:12:13<br \/>\nWell, you know, my name is VJ Varghese.<br \/>\n1:12:17<br \/>\nI have my DB as VJ, varghese, my full name.<br \/>\n1:12:21<br \/>\nAnd I need it because I do leather goods.<br \/>\n1:12:25<br \/>\nIt\u2019s a fashion, as I\u2019m watching old fashion brands, leather goods. And if they asked me, Josh, with the bank, or as well, the leather goods.<br \/>\n1:12:33<br \/>\nOr leather chaps for men Yes, leather chaps atlas, chap\u2019s for men.<br \/>\n1:12:44<br \/>\nGreat, yeah, yeah, just getting started. You know, I wanna start doing some, it\u2019s a passion of mine, I wanted my own fashion, But that\u2019s why, I gotta have this DB under my name. OK, sir. Now I have an LLC set up with my name on it.<br \/>\n1:12:56<br \/>\nSo somebody cuts a check with your name on it, Well, with my name on it, I get deposited, write a company account with no company, with no liability, All the liabilities got.<br \/>\n1:13:08<br \/>\nAnd then I\u2019m a banking setup.<br \/>\n1:13:10<br \/>\nIt\u2019s not just me. I\u2019m the primary owner of the LLC, but I have also other members on the bank.<br \/>\n1:13:17<br \/>\nSo, it\u2019s, I have Mrs.<br \/>\n1:13:20<br \/>\nGorilla, right?<br \/>\n1:13:22<br \/>\nI have my dead uncle.<br \/>\n1:13:24<br \/>\nI have, You know, I have the homeless guy off the street, I gave him about 1%.<br \/>\n1:13:31<br \/>\nDo utilize is, I don\u2019t pay whatever, right?<br \/>\n1:13:34<br \/>\nYes, people you can trust, All right, that don\u2019t have any real control on that, what does that do?<br \/>\n1:13:39<br \/>\nNumber one it strengthens your position number two and mitigate your risk. Number three?<br \/>\n1:13:45<br \/>\nYes.<br \/>\n1:13:47<br \/>\nYeah.<br \/>\n1:13:47<br \/>\nSo, yeah, I\u2019m a computer and software development company that sells leather chaps for men on the side.<br \/>\n1:13:57<br \/>\nYou gotta be cutting God. You could even go find a Shopify website that is doing that.<br \/>\n1:14:03<br \/>\nWhile you\u2019re talking to you guys to check out my partner site and then add to the story, and it completely does not answer the question. Why do you need to DB in your name?<br \/>\n1:14:12<br \/>\nYep. You still answer the question.<br \/>\n1:14:15<br \/>\nExactly, right, exactly. Right. So that\u2019s how you set up, but I will see anybody have any questions.<br \/>\n1:14:22<br \/>\nHow do you get around that time when you\u2019re dressed of your business in the state? You\u2019re all, Good question. Good question.<br \/>\n1:14:29<br \/>\nFolks there, there\u2019s different companies you can utilize for this when I set up one of my LLCs in Wyoming or New Mexico, right.<br \/>\n1:14:38<br \/>\nAnd I wanted to do.<br \/>\n1:14:41<br \/>\nMy, my primary LLC is a New Mexico LLC and I want to do a, uh, an address. Oh, you\u2019re gonna love this. You guys are gonna love this.<br \/>\n1:14:51<br \/>\nYou ready? They don\u2019t teach you this in Google.<br \/>\n1:14:54<br \/>\nTrade Secret, I\u2019m gonna tell us, Hey, I\u2019m telling you a trade secret, that sort of thousands of dollars, you know how to set it up, right? Yeah, OK.<br \/>\n1:15:01<br \/>\nSo this is what you do, guys.<br \/>\n1:15:04<br \/>\nWhen you\u2019re setting it up with ink file or you filing with the state or whatnot, you want to have your own This is addressed in that state. Maybe that you\u2019re fine. Let\u2019s say New Mexico.<br \/>\n1:15:14<br \/>\nWell, I go to a company like Inkwell, I go to a company, like let\u2019s say Opus Office. Let me, let me see if I can pull them up. Right?<br \/>\n1:15:22<br \/>\nYou guys are gonna love this. ****.<br \/>\n1:15:27<br \/>\nWe\u2019re doing it live. We do a live chat, that\u2019s how we do it, right? Yeah.<br \/>\n1:15:30<br \/>\nOr Opus or region. I think regions is another once. It has office babies are doing it.<br \/>\n1:15:36<br \/>\nI\u2019ll pull it off.<br \/>\n1:15:39<br \/>\nI\u2019ll pull up DaVinci real quick. Office. Da Vinci would like to share screen?<br \/>\n1:15:45<br \/>\nI do a little bit different that V But go ahead. I know what you\u2019re going to say.<br \/>\n1:15:49<br \/>\nI\u2019m malema creative, so you find one of these virtual office guys, right?<br \/>\n1:15:54<br \/>\nThen you, let\u2019s just say New Mexico.<br \/>\n1:15:59<br \/>\nOh, example, we\u2019ll see.<br \/>\n1:16:03<br \/>\nOh, yeah, I like and folks like that address. Now, use that to file, you pay the DaVinci, 70 bucks OK, Well, the one-time Steffi right, You pay them, you know, 200 bucks to set up $7 a month, Right.<br \/>\n1:16:19<br \/>\nSo you pay the setup fee and you pay for one month and you cancel it afterwards, right?<br \/>\n1:16:24<br \/>\nBut what they will do is they will go ahead and set up a a full on mail forwarding for use if you get mail, LLC, the Florida directly to your house.<br \/>\n1:16:33<br \/>\nThey\u2019ll even have a, an assistant that will pick up the phone call. Thank you for calling XYZ clerk. Can I help you? I\u2019m looking for mister Sacha.<br \/>\n1:16:43<br \/>\nMister Chau it says currently engaged in a meeting Can I take a message please? Oh yeah and they\u2019ll forward that message to you.<br \/>\n1:16:51<br \/>\nThat\u2019s how you do it.<br \/>\n1:16:52<br \/>\nYou have your mailing, you have your, your physical address, and it\u2019s an and it\u2019s in a building, folks.<br \/>\n1:16:58<br \/>\nIt\u2019s not a stupid mail box or UPS box, which you do not want to do, because when you have this setup, and let\u2019s just say you run this for 5, 6, 7, 8 months, you\u2019re creating a business entity, you\u2019re creating a full on business entity. Alright? So, that\u2019s that\u2019s, how do you know how you do it? How do you get around that telling you the address of your business in the state? You\u2019re doing business. Finally, here\u2019s what I do. So, I\u2019ll take an address like that, and I\u2019ll just use it without opening an account.<br \/>\n1:17:30<br \/>\nYeah, yeah. Because, I don\u2019t care what mail goes there, and chances are, it\u2019s going to be a bunch of junk mail. I don\u2019t want. And so, they\u2019ll deal with it, which they probably already have junk mail there.<br \/>\n1:17:39<br \/>\nSo, it\u2019s of no consequence or oligo use a business address that I could just find.<br \/>\n1:17:46<br \/>\nI just searched on the internet for like an office plays or complex, or I\u2019ll even use an apartment building.<br \/>\n1:17:51<br \/>\nBut not the apartment number, just main address for the office.<br \/>\n1:17:56<br \/>\nWhich is a residential location, and that works for pretty much anything. You need a residential address, for, just keep in mind. You\u2019re never going to get mail there.<br \/>\n1:18:05<br \/>\nNow, if you want it, now, let\u2019s just say you have your LLC built up, and you want to go to the genre. Well, you just want to pick a random address and use that.<br \/>\n1:18:13<br \/>\nAnd, look, I have guys who Home hemet collectors are calling me what. They want to know where I live.<br \/>\n1:18:19<br \/>\nWell, Pull up Zillow. Pick a state. You live in and pick up an address for a house that\u2019s on so they? Don\u2019t feel free to call. It did nothing. There are a bunch of idiots Redisplay that includes, lawyers, offices, nothing but idiots read scripts. Don\u2019t worry about, did you give him if you give them a state where you don\u2019t live in that state.<br \/>\n1:18:42<br \/>\nIf they, if they send an attorney there, he\u2019ll be at a dead end because he can\u2019t even start process if he\u2019s going to you, that\u2019s exactly right.<br \/>\n1:18:50<br \/>\nExactly right. I mean, that\u2019s the thing now. Let\u2019s see.<br \/>\n1:18:53<br \/>\nSo that\u2019s one route, the other route is let\u2019s say you want to you want to get an office like this you want to build you want to stop using personal credit, you want to start using business credit?<br \/>\n1:19:03<br \/>\nWhile you get a service like this, you\u2019re paying them for six months, right?<br \/>\n1:19:06<br \/>\nSo now you have a physical office space, right?<br \/>\n1:19:09<br \/>\nAnd now, there are services out there, you know, wanted someone with something that I\u2019m connected with where, let\u2019s just say you created your LLC, you know, tomorrow, or today, right? And do you want to build it up well?<br \/>\n1:19:23<br \/>\nWe have services in place that can put your company and put trade lines into your company, and we can put credit lines into your company, where, legally, when somebody pulls up your LLC, like, oh, yeah, This LLC was created about, no, 3, four months ago, five months ago. I don\u2019t think it\u2019s about six months to really build it out mm, OK, But think of the beauty will take about 4 to 6 months to really build it out.<br \/>\n1:19:45<br \/>\nBut in 4 to 6 months, we can take a shell company that it was literally create out of nowhere and make it look like to bankers, OK, to banks.<br \/>\n1:19:55<br \/>\nWe can make it look like that, Hey, this company\u2019s been around for awhile, Look at the trade lines they have, look at their Dun and Bradstreet score because they\u2019re paid X scores, Wow and so now you\u2019re gonna go apply for a business loan, right, 200, 300, 400, $500,000, whatever it is, OK, now it\u2019s through your business, LLC, You have your DBA on there you can have your PMA on the side as well, OK?<br \/>\n1:20:23<br \/>\nNow check this out and let\u2019s just say you pay on the yacht these loans, what\u2019s your business and you\u2019re like, You know what?<br \/>\n1:20:32<br \/>\nYeah.<br \/>\n1:20:32<br \/>\nI\u2019m done with these idiots I\u2019m tired of you know paying these guys a monthly payments through them because look, there\u2019s millions of lenders news lenders you decided to go ahead an 86 it OK, 86 those business loans.<br \/>\n1:20:45<br \/>\nWho cares, what are you gonna do? Write letters, alright, you love letters every day.<br \/>\n1:20:48<br \/>\nEvery week every month and make phone calls to you That\u2019s about it. They\u2019re going to come after you for what? You just said, I\u2019ve probably got to worry about it, right?<br \/>\n1:20:57<br \/>\nSo you 86 it then all of a sudden, you\u2019re probably worried about, Well, what\u2019s it going to do your business credit?<br \/>\n1:21:03<br \/>\nFolks?<br \/>\n1:21:04<br \/>\nBusiness credit is not affected.<br \/>\n1:21:07<br \/>\nSo if a company, a corporate corporation, or an LLC or a company defaults on business loans, it does not affect its Dun and Bradstreet or paid X force wash rents, repeat.<br \/>\n1:21:22<br \/>\nIt\u2019s not like personal credit.<br \/>\n1:21:25<br \/>\nPersonal credit is a different thing. You can fix personal credit.<br \/>\n1:21:28<br \/>\nBut that window of fixing it I think in the next five years it\u2019s going to be a different ball of wax entirely but you want to start migrating now.<br \/>\n1:21:39<br \/>\nSo, in the next 4 to 5 years, you\u2019re better positioned, OK?<br \/>\n1:21:43<br \/>\nThat\u2019s how you set up your proper business. So once you\u2019re operating a business, your business is built up, you have the trade lines in place. You have all these things in place. You want to go lease a car. You do it under your business. You don\u2019t go buy a car. You put it onto your business. Right? You can put a lien. Then you can create a \u2026, you can put it like what John said or whatnot, and put a lien against those assets are properties that your business zones.<br \/>\n1:22:04<br \/>\nNow, you\u2019re now you\u2019re bulletproof.<br \/>\n1:22:06<br \/>\nNow you\u2019re bulletproof. Any questions?<br \/>\n1:22:10<br \/>\nOh, wait. How did you meet yourself?<br \/>\n1:22:14<br \/>\nHold on.<br \/>\n1:22:16<br \/>\nDon\u2019t worry what the heck?<br \/>\n1:22:22<br \/>\nThanks. I didn\u2019t want to cough in the mic, OK? So I didn\u2019t know, OK, But on the on the Credit, What you do first? You don\u2019t go to Dun and bradstreet you. You register, you list your business. So therefore, it has to have a business location. So, these office spaces will work bare minimum. There\u2019s ways to do it for free to bandwidth. So, you you get a business location. You list your business at that location in the business listing directory.<br \/>\n1:22:49<br \/>\nOnce you do that, then you start building what are called Net 30 accounts. So, I do it backwards, and most people, I do it this week, because what happens is Dun and Bradstreet will then contact my client, and then I\u2019ll know that I have everything correctly because if I didn\u2019t do correctly, they wouldn\u2019t even know about them existing.<br \/>\n1:23:04<br \/>\nSo, they\u2019ll contact them by that time.<br \/>\n1:23:06<br \/>\nWe\u2019re already in the second month of the Net 30 accounts, and then \u2026 will assign an account and try to solicit for, like, credit services, which some are good. But usually, we don\u2019t need them.<br \/>\n1:23:16<br \/>\nThen within 3 to 4 or 5 months where we have a score now paid X score and we can start using it, and then this Net 30 accounts will be rolled up. And like you said, you can add trade lines or not. If you trade trade lines, it\u2019s much faster to build up your credit.<br \/>\n1:23:29<br \/>\nAnd I did the opposite way. I showed it to a gentlemen one of our members. He went and bought.<br \/>\n1:23:34<br \/>\nNo, I didn\u2019t tell them to do this.<br \/>\n1:23:36<br \/>\nI showed them how to buy a $2000 a month business for like $5000. He went and bought at $200,000 business netting him, $13,000 a month.<br \/>\n1:23:46<br \/>\nAnd he used his personal credit to buy it. The broker connected him with a commercial Lender, a commercial lender, but he had to sign, because he had no history. He had never done this before, he was like 28 years old.<br \/>\n1:23:59<br \/>\nSo he bought this $200,000 business netting of 13,000 a month, and the Commercial Lender came back like it right about now write about it might be this month or next month, they\u2019re gonna, they wanted to refinance him under his business name with no personal guarantee they wanted him to get out of the personal credit.<br \/>\n1:24:18<br \/>\nThat\u2019s how these work, when you set this up properly, they want you as a customer, as a business, And I asked him.<br \/>\n1:24:24<br \/>\nSo he borrowed 40% of that 200,000 from the seller, and the other, 60 from the loan from the bank.<br \/>\n1:24:30<br \/>\nAnd the bank has offering him soliciting him to do a new loan.<br \/>\n1:24:34<br \/>\nAnd they said they\u2019re gonna loney him out to two rifai.<br \/>\n1:24:40<br \/>\nSo he\u2019s not the personal guarantor, at a half, a million dollars, like, now, Yeah. They\u2019re doing it now because they know it\u2019s an Asset he bought.<br \/>\n1:24:51<br \/>\nThey don\u2019t know how this works. Yeah. That\u2019s absolutely correct.<br \/>\n1:24:54<br \/>\nAnd plus, the financial note can be financial eyes on the backend, on the loan. You can.<br \/>\n1:25:01<br \/>\nlook, folks, The way credit works Is this, OK.<br \/>\n1:25:05<br \/>\nVisa, mastercard, and Bank of America, JP morgan Chase, do not literally lend you money.<br \/>\n1:25:12<br \/>\nSo how it works, if you\u2019re thinking that, oh, my God, you know, Visa, mastercard, American Express, JP Morgan Bank of America, Wells Fargo, somebody in the billing department actually let me money now.<br \/>\n1:25:22<br \/>\nI owe them, how works.<br \/>\n1:25:25<br \/>\nThey created the money out of thin air based on your credit. Why? Because your credit, your Social Security card, the unit that you\u2019ve been issued at birth, or when you became a naturalized citizen, the United States or any one of the Commonwealth countries, they have their own little variation in Australia, and you can whatnot, that has a monetary value to it.<br \/>\n1:25:42<br \/>\nSo when I\u2019m lender or creditors is giving you money, they\u2019re not giving. What they\u2019re doing is they\u2019re going to their central bank, and they\u2019re borrowing against that central banks. I\u2019ll, what\u2019s called the US.<br \/>\n1:25:54<br \/>\nCalled the Fed Window, right, they borrow against.<br \/>\n1:25:57<br \/>\nThen it\u2019s landed. It\u2019s lend out to you.<br \/>\n1:26:00<br \/>\nAnd you\u2019re thinking, wow, American Express is so nice. They just gave me a $30,000 line of credit. That is so nice. And then, all of a sudden, **** happens in your life, your default, you get a divorce or whatever. And you lose all your money. And now, American Express is after you and you can\u2019t pay them for the $30,000.<br \/>\n1:26:16<br \/>\nAnd then finally, a creditor calls you and says, Hey, Bob, here\u2019s the deal US, 30 grand.<br \/>\n1:26:22<br \/>\nBut we\u2019ll settle for a thousand bucks. You\u2019re like, Man, who doesn\u2019t the nicest people in the world?<br \/>\n1:26:26<br \/>\nYou give me a 99% discount, but little did you know whether you pay the debt and whether you pay the one thousand dollars or whatever the settlement is on that debt or you didn\u2019t pay it at all. It is the same.<br \/>\n1:26:37<br \/>\nDetrimental impacting a credit score makes no **** difference. So why That\u2019s right. Rule number one of money. Never throw good money, on bad.<br \/>\n1:26:47<br \/>\nNever pay, when you\u2019re in default, that is throwing good money after bad.<br \/>\n1:26:52<br \/>\nWhen you\u2019re default, leave it like it is, they go forward, then.<br \/>\n1:26:57<br \/>\nExactly.<br \/>\n1:26:58<br \/>\nUnless it\u2019s your Uncle Bob or something like that or your grandma, then definitely pay them back, but these banks can take it, they\u2019re not, they\u2019re not risking anything.<br \/>\n1:27:05<br \/>\nYeah, they\u2019re not.<br \/>\n1:27:07<br \/>\nThey\u2019re not. And it\u2019s your money, It\u2019s their lending it to you, because you have a certain monetary value to it. They move that debt from the public side to the private side.<br \/>\n1:27:15<br \/>\nThey lend it out to you, and you\u2019re thinking that you\u2019re getting this great deal, then they sell to collection agencies for pennies on the dollar, and you don\u2019t realize that the collections agencies, or, if you\u2019ve given to them, they\u2019re making a pure profit on you.<br \/>\n1:27:26<br \/>\nThat\u2019s the way the game works, and your credit score is still checked, So what is the point?<br \/>\n1:27:31<br \/>\nWhat is the point?<br \/>\n1:27:33<br \/>\nWell, There\u2019s a way You can get up underneath it, and you don\u2019t need to fear it Don\u2019t even worry about it.<br \/>\n1:27:38<br \/>\nYou know, So that\u2019s that\u2019s how you do a proper business setup OK? and and again for further webinars.<br \/>\n1:27:45<br \/>\nWe\u2019re gonna get into Dun and Bradstreet setups we\u2019re gonna get into Proper business setups how you can get business funding business loans and all these other things we will have that on future webinars and on how to do that?<br \/>\n1:27:57<br \/>\nUm, John This will be your thing Liabilities?<br \/>\n1:28:00<br \/>\nHow to prevent yourself from being sued or creditors or somebody coming after you decide on the other and then we\u2019ll do another Q&#038;A. Glad. Yeah. Well, generally, you identify what that risk is. If you think you\u2019re going to be sued by whom would it be?<br \/>\n1:28:15<br \/>\nAnd then find out what relationship you have that would cause that to happen.<br \/>\n1:28:19<br \/>\nNow, being sued is not a problem.<br \/>\n1:28:20<br \/>\nIt\u2019s just that if you have things at risk from the suit, if you, if you were to lose, that\u2019s one problem.<br \/>\n1:28:26<br \/>\nThe other problem is, if you have something to defend against that you need to get involved in the litigation. And that usually has a cost with it.<br \/>\n1:28:34<br \/>\nThat could be another risk. The litigation itself is a risk.<br \/>\n1:28:37<br \/>\nSo identify what that risk is, specifically.<br \/>\n1:28:40<br \/>\nAnd there are a lot of ways to, to, you know, bring it down to nothing, but I mean, you\u2019re not gonna avoid being sued, but you can\u2019t avoid the consequences of losing a lawsuit.<br \/>\n1:28:50<br \/>\nI think there\u2019s a way to look at it.<br \/>\n1:28:52<br \/>\nAbsolutely, Right.<br \/>\n1:28:53<br \/>\nAnybody? Any questions on anything that we\u2019ve said so far?<br \/>\n1:29:00<br \/>\nCan you talk more about business credit? I\u2019ve been in business for 13 years. How do I even check?<br \/>\n1:29:04<br \/>\nTell yourself about Dun and Bradstreet.<br \/>\n1:29:06<br \/>\nYes. You\u2019re listed at Dun and Bradstreet.<br \/>\n1:29:09<br \/>\nHave you ever did you pull your file? You know? You have to be registered with Tom Daschle, if you haven\u2019t done that already. Go register yourself.<br \/>\n1:29:16<br \/>\nYeah, get an account, if you don\u2019t have an account. But, I always like to let them come into me first and assign a number, and then that means I have an account that they set up without even my knowledge.<br \/>\n1:29:24<br \/>\nFine, In that case.<br \/>\n1:29:26<br \/>\nI want that, and then I know I did it right, and then I build my net 30.<br \/>\n1:29:30<br \/>\nSo really, when someone comes to me and says, I want to do a business credit file, I make sure that they can.<br \/>\n1:29:35<br \/>\nThey can buy products from net 30 suppliers for a real purpose.<br \/>\n1:29:39<br \/>\nAnd not just a set of business credit, because you can do a fake set up. But then it\u2019s going to collapse because it has to support itself, or it\u2019s going to collapse. Or it\u2019s going to cost you a lot of money to keep it going. What I mean by that is it might cost you at least a few hundred dollars a month just to keep it looking like a decent business.<br \/>\n1:29:57<br \/>\nSo you want to have it like a real purpose for it.<br \/>\n1:30:01<br \/>\nAbsolutely.<br \/>\n1:30:05<br \/>\nQuestion from Moto G seven, What did she said that\u2019s a good phone. That\u2019s actually a very good phone. You can really lock it down.<br \/>\n1:30:11<br \/>\nMoto G seven said, V you alluded to the on the video, to accessing our public credit, to settle private debt.<br \/>\n1:30:18<br \/>\nUsing the Bond Fed number on the back of the SSN, are you going around do this? That\u2019s real dicey, man. That\u2019s real dicey. I know a few guys that have tried.<br \/>\n1:30:26<br \/>\none of them is setting a city in jail.<br \/>\n1:30:29<br \/>\none other guy fled to Argentina. And the one of the other guy died in mysterious circumstances that certain things you don\u2019t want to cross. Yeah. It\u2019s risky. They don\u2019t want us to do what they can do. So exactly. Look, just learn how to acquire assets. You don\u2019t need to play their game. Just not acquire assets.<br \/>\n1:30:47<br \/>\nNo, Use the loopholes to evade and to hide acquire assets.<br \/>\n1:30:54<br \/>\nDon\u2019t try to play this game.<br \/>\n1:30:55<br \/>\nThis game, we\u2019ll get you killed.<br \/>\n1:30:57<br \/>\nBelieve me, I\u2019ve gotten that call, in the middle of the night, OK, You don\u2019t want that call, trust me. Yeah, no, I agree, That\u2019s, that\u2019s risky stuff, It\u2019s not necessary. It\u2019s not necessarily learn what you should be learning.<br \/>\n1:31:11<br \/>\nLearn what you should\u2019ve known already, when you first got the ability to use a bank account, you should have begun learning how to manage risk, because money is risky and it\u2019s a tool, you know, you have to keep it in shape, you have to, you know, not just protect it, but you have to use it properly.<br \/>\n1:31:26<br \/>\nLet me give you one example that I\u2019ve gotta run to another call, that\u2019s OK, B Because we could do this is gonna be great.<br \/>\n1:31:32<br \/>\nWe\u2019re going to theory, real quick, here\u2019s an example of a person who has $10 million. Where do you get it from? I don\u2019t care. He gets $10 million, and he says, I\u2019m going to be an investor. Now, I\u2019m going to buy a hotel. So he buys a hotel.<br \/>\n1:31:43<br \/>\nSo, now, he owns the hotel, and it\u2019s paying them.<br \/>\n1:31:45<br \/>\ngreat, and let\u2019s say, it works out great, everything works out great, smooth, He\u2019s making the money, and so I\u2019m going to come to him and say, OK, so now you own a hotel, but you\u2019re in two businesses.<br \/>\n1:31:54<br \/>\nYou own a hotel, which is an asset, and you also are your own lender.<br \/>\n1:32:01<br \/>\nWell, he\u2019ll say, But I don\u2019t have any loans on its debt free.<br \/>\n1:32:05<br \/>\nWell, OK, let\u2019s say it\u2019s debt free, but not really, because what you\u2019ve done is tied up $10 million of cash into an asset, and yeah, it\u2019s looking great on paper, but you\u2019re missing opportunities, and you\u2019re taking on too much risk. Why?<br \/>\n1:32:16<br \/>\nBecause you could have a lender step in here for a portion of that $10 million, and free up some of your capital to do something else. You\u2019re missing out on that.<br \/>\n1:32:24<br \/>\nMoreover, you\u2019re not an underwriter for the banks.<br \/>\n1:32:27<br \/>\nYou didn\u2019t get the benefit of someone who\u2019s an underwriter to send some of your equity into an underwriting process and have a third party take on some of that underwriting risk for you because what that\u2019s what you should be doing to manage risk properly. So, debt is a way to manage risk properly.<br \/>\n1:32:47<br \/>\nSo, if you have, just because you can pay cash for an asset doesn\u2019t mean you should, and you really should not pay cash for an asset, Or if you do, get your financing in place quickly, as quickly as possible.<br \/>\n1:32:57<br \/>\nHave someone else be paid to take on that risk. It\u2019s worth the interest rate to do that.<br \/>\n1:33:03<br \/>\nThat will be the last thing I\u2019ll leave you all with.<br \/>\n1:33:05<br \/>\nWe can talk about that more.<br \/>\n1:33:08<br \/>\nYou always use OPM other people\u2019s money. Yeah, absolutely correct.<br \/>\n1:33:12<br \/>\nAfter your, take on that risk, you as a business owner, may not be you should not be.<br \/>\n1:33:17<br \/>\nEven if you are due, do the thing you\u2019re doing, don\u2019t do two things.<br \/>\n1:33:22<br \/>\nHave someone else, you know, parcel out the thing that they\u2019re the expert at that. You\u2019d be the expert at this.<br \/>\n1:33:27<br \/>\nAbsolutely. And guys, if you don\u2019t have any other question on John\u2019s got a heart heartbreak coming up. Feel free to field questions the questions.<br \/>\n1:33:38<br \/>\nIf you have further questions, you can e-mail at strapped life.<br \/>\n1:33:42<br \/>\nI\u2019m sorry, e-mail info at strat, life.<br \/>\n1:33:49<br \/>\nOh, alright and I can further assist you guys over there info at \u2026<br \/>\n1:33:54<br \/>\ndot co and John John\u2019s John.<br \/>\n1:33:57<br \/>\nWhat\u2019s your e-mail singleton?<br \/>\n1:34:00<br \/>\nYes at proton mail dot com?<br \/>\n1:34:04<br \/>\nYeah.<br \/>\n1:34:09<br \/>\nYeah, there\u2019s some good questions here. We\u2019ll continue doing this and Everybody, this register for this, OK, you don\u2019t have to re register for the next webinar. You\u2019re good, You\u2019re paid in full. You\u2019re good, OK, so the next one just come and listen to the next one, OK, So you gotta worry about paying for the next one as well.<br \/>\n1:34:27<br \/>\nSo that so you\u2019re going to get into of these webinars OK, is total, so you\u2019re gonna be able to webinars?<br \/>\n1:34:34<br \/>\nYes, I\u2019m glad you guys learned so much. There\u2019s a lot here. There\u2019s a lot of information. This is recorded. So, everybody who\u2019s registered is going to be getting a copy of this recording, and it\u2019s going to go out and via e-mail.<br \/>\n1:34:46<br \/>\nYes, go out and go Shopping for some assets case. It could be at the same meeting number, exact. Exactly, and I\u2019ll announce the next webinar will probably be next week.<br \/>\n1:34:58<br \/>\nAll right, thank you, guys for joining for the Kickoff, and I\u2019ll close, I\u2019m glad John \u2026. Thanks, guys, appreciate it.<br \/>\n1:35:06<br \/>\nCheers.<br \/>\n1:35:08<br \/>\nAll right, guys. So, thank you all for joining. That\u2019s my buddy, John.<br \/>\n1:35:13<br \/>\nWe\u2019ll be covering a lot more things in depth.<br \/>\n1:35:16<br \/>\nAnd, yeah, if anybody has any questions, I see, \u2026, Glad, tonga. What\u2019s your question?<br \/>\n1:35:26<br \/>\nYeah.<br \/>\n1:35:28<br \/>\nYeah, Dun and Bradstreet, I think I\u2019d just put a DNB dot com portal HTML. You could search.<br \/>\n1:35:34<br \/>\nIf you have any questions you can call Dun and Bradstreet directly as well, too.<br \/>\n1:35:41<br \/>\nThere are numbers right here, 800.<br \/>\n1:35:44<br \/>\nI think it\u2019s 526-9018, I believe that\u2019s the Dun and Bradstreet number to call them, talk to them, and get your company registered.<br \/>\n1:35:55<br \/>\nAgain, guys. Here\u2019s the thing. Don\u2019t worry so much about Dun and Bradstreet.<br \/>\n1:35:59<br \/>\nThere\u2019s business services that I will be introducing to these webinars, that you guys will have access to that will go ahead and that will build out these companies for you, number one. Or if you already have a company, they\u2019ll register you in and get you going for a tiny fee. It\u2019ll save you a lot of time.<br \/>\n1:36:15<br \/>\nTrust me, the fee is worth, the time that you\u2019ll save to get yourself set up properly, so don\u2019t even worry about that. So, I want to thank all you guys for joining.<br \/>\n1:36:22<br \/>\nThe next seminar will be there, um, you know, where we\u2019re going to dive deep.<br \/>\n1:36:28<br \/>\nSo, again, other people\u2019s money, utilize lenders. Why?<br \/>\n1:36:33<br \/>\nBecause you want a debt based system, stop using personal credit, is that, you know, eventually, if you want to wean off of it, if you have crappy credit, you\u2019re worried about being sued. Don\u2019t worry about it. Do not freak out, it\u2019s all smoke and mirrors. It\u2019s not real.<br \/>\n1:36:46<br \/>\nThe only thing that\u2019s real is the fear, OK? That\u2019s why they try to scare you.<br \/>\n1:36:51<br \/>\nSo don\u2019t be scared, OK? It\u2019s nothing, it\u2019s a joke.<br \/>\n1:36:55<br \/>\nAll right.<br \/>\n1:36:56<br \/>\nSo stop worried about debt. Stop worried about that nonsense.<br \/>\n1:36:59<br \/>\nBe obsessed with accumulating assets. Be obsessed with assets. Be obsessed with creating your business. Be obsessed with income streams. That\u2019s what you need to do.<br \/>\n1:37:12<br \/>\nUm, so we have another trust and I\u2019ll see where we go next.<br \/>\n1:37:17<br \/>\nProper setup, if you already have a trust, an LLC set up, let\u2019s, you know, let\u2019s, you know, connect with you kind of what, Jonathan or myself.<br \/>\n1:37:24<br \/>\nAnd, let\u2019s go ahead and let\u2019s get some assets for you, start generating some income.<br \/>\n1:37:27<br \/>\nSo, if you already have a trust and LLC set up, also let John review it if you have a trust now. So you set up, let John review it, and we\u2019ll take it from there.<br \/>\n1:37:35<br \/>\nSo, with that being said, guys, next webinar, I\u2019ll be posting it and can I get a solid e-mail?<br \/>\n1:37:43<br \/>\nYeah. You can e-mail me at.<br \/>\n1:37:48<br \/>\nGorilla, if you have an e-mail directly for me.<br \/>\n1:37:55<br \/>\nGmail dot com There you go.<br \/>\n1:37:57<br \/>\nThat\u2019s my direct e-mail for longer.<br \/>\n1:38:02<br \/>\nThat\u2019s about, I guess, so I think we covered the brunt of it. We\u2019re gonna get more into the details in the next seminar, but I wanted to cover the basics of it. So you guys know what you\u2019re getting into and again, this is ****.<br \/>\n1:38:10<br \/>\nYou\u2019re not going to lie on Google, I\u2019m gonna go in and do an internet search for why?<br \/>\n1:38:13<br \/>\nBecause schlep rocks but I\u2019ll actually work out there, I have no idea, they don\u2019t know the backend of the systems like we do and how to connect it all.<br \/>\n1:38:21<br \/>\nAnd when you start, when people ask, How did I wind up like this? How did you learn all this while it\u2019s simple?<br \/>\n1:38:28<br \/>\nI had an opportunity to work in all these different systems and they\u2019re all fragmented and they\u2019re all compartmentalized.<br \/>\n1:38:35<br \/>\nBut when you put it all together, you have an idea of how the whole entire system works.<br \/>\n1:38:42<br \/>\nAnd so you get an idea of it.<br \/>\n1:38:43<br \/>\nAnd you\u2019ll you\u2019ll know from front to back, someone\u2019s asking, is there a PDF from John, I will get that for you guys to get. I think he forgot to upload it.<br \/>\n1:38:51<br \/>\nSo I\u2019ll get it.<br \/>\n1:38:53<br \/>\nAnd so with that being said guys, don\u2019t worry have no fears. Dennis\u2019 fake, it\u2019s bullshit. It\u2019s complete nonsense.<br \/>\n1:39:00<br \/>\nLet\u2019s be obsessed with success, be obsessed with making money, be obsessed with creating assets, be obsessed with generating income.<br \/>\n1:39:08<br \/>\nWith that being said, I\u2019m over and I\u2019m out, thank you all for joining, be locked on and keep it locked especially to the strat life, e-mail in \u2026 life.<br \/>\n1:39:19<br \/>\nYou guys are gonna be getting from the staff of their, another invite for the next webinar, so keep posted. If you haven\u2019t e-mails, life, go ahead and e-mail throughout life and voltage. All right?<br \/>\n1:39:29<br \/>\nThat being said we\u2019re over now. Thank you all for listening and cherish.<\/p>\n        <\/div>\r\n    <\/div>\r\n\r\n    \r\n<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bb31bd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bb31bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4579f2b\" data-id=\"4579f2b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e32b93f elementor-widget elementor-widget-spacer\" data-id=\"e32b93f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-398d1f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"398d1f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d99569c\" data-id=\"d99569c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f566b6 elementor-widget elementor-widget-text-editor\" data-id=\"6f566b6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Summary<\/strong><\/p><p style=\"padding-left: 40px;\">1. The webinar &#8220;U16 \u2013 StratLife \u2014 Entrepreneur\u2019s Strategies&#8221; began with an introduction to a considerable number of registered participants and a planned Q&amp;A session towards the end.<br \/>2. A speaker named John Singleton was invited to present his program and services.<br \/>3. The discussion addressed the importance of collaborating with other parents for educational purposes and creating a flexible curriculum that could be managed even with part-time employment.<br \/>4. The speakers talked about the possibility of turning educational initiatives into profit-making operations.<br \/>5. They introduced the idea of setting up a Private Membership Association (PMA), discussing the benefits of converting a public business into a PMA and the implications for FDA regulations and state board policies.<br \/>6. The discussion moved on to asset protection, using a PMA to protect personal property from litigation, adopting the philosophy of controlling everything but owning nothing.<br \/>7. There was a discussion about smart investment strategies, focusing on returns on capital rather than tax benefits.<br \/>8. The necessity and process of acquiring certain licenses for business operations were addressed.<br \/>9. The speakers explored the concept of having a PMA as the sole member of an LLC for better asset protection.<br \/>10. The webinar ended with a discussion on the importance of credit, promoting a healthy attitude towards debt and strategies for establishing good business credit.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-dae43b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dae43b1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3790f2\" data-id=\"d3790f2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>U16 &#8211; StratLife &#8212; Entrepreneur&#8217;s Strategies<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[124],"tags":[],"_links":{"self":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11616"}],"collection":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/users\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/comments?post=11616"}],"version-history":[{"count":6,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11616\/revisions"}],"predecessor-version":[{"id":25232,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11616\/revisions\/25232"}],"wp:attachment":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/media?parent=11616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/categories?post=11616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/tags?post=11616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}