{"id":11621,"date":"2021-02-25T08:30:10","date_gmt":"2021-02-25T13:30:10","guid":{"rendered":"http:\/\/privacyfight.io\/?p=11621"},"modified":"2023-06-23T16:52:08","modified_gmt":"2023-06-23T20:52:08","slug":"u17-stratlife-an-entrepreneurs-lifestyle","status":"publish","type":"post","link":"https:\/\/privacyfight.io\/u17-stratlife-an-entrepreneurs-lifestyle\/","title":{"rendered":"U17 &#8211; StratLife &#8212; An Entrepreneur&#8217;s Lifestyle"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"11621\" class=\"elementor elementor-11621\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-84f977c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"84f977c\" 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-4fc1e6e\" data-id=\"4fc1e6e\" 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-030fd59 elementor-widget elementor-widget-text-editor\" data-id=\"030fd59\" 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\/717923485\/?\" 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            U17 \u2013 StratLife \u2014 An Entrepreneur\u2019s Lifestyle\r\n0:01\r\nRight now, it\u2019s wearing hoarded getting the admit all.\r\n0:07\r\nAll right, everyone.\r\n0:08\r\nAll right, it\u2019s via the guerrilla Economists and I am with my main man, John Singleton, AKA mister X AKA, the leger themselves, the man of the hour&#8230;        <\/div>\r\n        <div class=\"vidseo_collapse_content\" style=\"\">\r\n            <p>U17 \u2013 StratLife \u2014 An Entrepreneur\u2019s Lifestyle<br \/>\n0:01<br \/>\nRight now, it\u2019s wearing hoarded getting the admit all.<br \/>\n0:07<br \/>\nAll right, everyone.<br \/>\n0:08<br \/>\nAll right, it\u2019s via the guerrilla Economists and I am with my main man, John Singleton, AKA mister X AKA, the leger themselves, the man of the hour, the man, the myth the legend, the scourge of the banksters. And we\u2019re going to cover a lot of ground today.<br \/>\n0:28<br \/>\nSo I hope that all of you have your notebooks ready.<br \/>\n0:34<br \/>\nAnd in the future, John and I will have more seminars like this, with documents, and all the other good stuff for you guys to download.<br \/>\n0:43<br \/>\nBut we\u2019re doing this as a way to leak some people up. And you got to also understand a lot of the things that John and myself dabbling.<br \/>\n0:52<br \/>\nGo on Google and find it out.<br \/>\n0:54<br \/>\nYou just not.<br \/>\n0:56<br \/>\nBecause this is real insider stuff.<br \/>\n1:00<br \/>\nThis is from guys who\u2019ve been there, done that, and got t-shirts, So it\u2019s not going to be on an internet forum, it\u2019s not going to be anywhere else.<br \/>\n1:08<br \/>\nWhat you\u2019re going to hear today, it\u2019s from two individuals who understand the systems and the respective systems, John, understands a lot of privacy and legalities, and how to protect your assets. He\u2019s a master of that.<br \/>\n1:23<br \/>\nI understand banking better than the majority of people that are out there.<br \/>\n1:27<br \/>\nI\u2019m talking about majority of professionals that are out there and I do talk.<br \/>\n1:32<br \/>\nNo bullshit, no lie.<br \/>\n1:33<br \/>\nI do talk to executives at top level institutions, at A executive, executive level, and we do strategize on things because I understand the system and I\u2019ve worked.<br \/>\n1:44<br \/>\nYou\u2019ve got some, you know, some, some real digging into my past.<br \/>\n1:48<br \/>\nI\u2019ve worked as a commercial banker, I\u2019ve managed global payment systems, I\u2019ve worked from there too, Commodity Brokering, where you\u2019d have to not only co laced with, uh, with mining operations, and, and, and, and, and banking, and lines of credit, and letters of credit, and shipping and logistics, and all that other stuff, but also wealth management with the BMA.<br \/>\n2:08<br \/>\nSo it\u2019s a it\u2019s a remarkable thing.<br \/>\n2:10<br \/>\nSo, oh, when you take the experience that John and myself have, and you put it all together, you\u2019re gonna get something that is real, something that is tangible and something that is effective.<br \/>\n2:23<br \/>\nSo of those of you who are going to be on this meeting that you paid for this, you will also be getting the link if you missed the first seminar.<br \/>\n2:30<br \/>\nYou\u2019re going to get a link to that seminar and you\u2019ll be able to go back and to listen to it. That\u2019s number one.<br \/>\n2:37<br \/>\nThe second thing is that, this is also, this meeting is also being recorded.<br \/>\n2:43<br \/>\nSo this link will be provided to you as well. Just give us about 24 hours and we\u2019ll get a chance as well.<br \/>\n2:48<br \/>\nWe will.<br \/>\n2:49<br \/>\nYou know John\u2019s going to do a lot of presentation work here so as am I So again have your your your notebooks ready in the end.<br \/>\n2:57<br \/>\nWe\u2019re gonna have a Q and A, and we\u2019re going to be running this this seminar tool for about an hour OK, so if this is your first time here, don\u2019t worry, This is going to be recorded, and you\u2019ll get the recording Of the first seminar that we did so, Just so you have a well rounded Construct on everything so with that being said, John, what\u2019s up, buddy? How are you? What you want to get into?<br \/>\n3:21<br \/>\nWell? I had a scenario that that we can start with Yes, I\u2019m thinking.<br \/>\n3:26<br \/>\nLet\u2019s look at this like a person who has never heard this before and just has just a blank mind as to what do I do right if I want to be an entrepreneur? Maybe I don\u2019t want to be an entrepreneur, but maybe I kind of don\u2019t have a choice And Maybe I want to try and see what it\u2019s like.<br \/>\n3:38<br \/>\nMaybe I know maybe I think I\u2019m going to be, you know have some independence with certain kind of money the way I make it. I can travel. I can do whatever I want.<br \/>\n3:47<br \/>\nSo that\u2019s what a lot of people are thinking today.<br \/>\n3:49<br \/>\nI\u2019m seeing a lot of people where they just kind of need that because there their business collapsed because of the the fake you know pandemic that\u2019s going around.<br \/>\n3:57<br \/>\nSo if we start with just a blank.<br \/>\n4:00<br \/>\nThought here, just look at an example of a person who\u2019s in college And he really doesn\u2019t know. Maybe you went to college so that he can get into a certain profession, But he doesn\u2019t really have any prospects. Or maybe he does have prospects, but he still wants to. Like you say, I always have a gig, right? I always have a hustle.<br \/>\n4:16<br \/>\nSo, what I would suggest is, get a tool that allows you to do things like that.<br \/>\n4:22<br \/>\nAnd one of those tools would be having business credit and business credit just means that you have a company that\u2019s registered with the state.<br \/>\n4:30<br \/>\nIt has a bank account, and it has a credit file that you can use.<br \/>\n4:35<br \/>\ntwo, get into business with other businesses.<br \/>\n4:40<br \/>\nIt might mean that I\u2019m going to be, it\u2019s going to be easier for me to work with suppliers, so that I don\u2019t have to really borrow money. Like, you would think like, I don\u2019t have to go get my credit card. I don\u2019t have to call my uncle Bob up. I can actually set up a business, and I can get product for supplies. I need to start making money in three months. I can get those supplies right now and not have to pay for it right now.<br \/>\n5:04<br \/>\nSo, there\u2019s all kinds of credit that you can use that you can leverage other people\u2019s resources if you want to start with credit.<br \/>\n5:10<br \/>\nIt\u2019s like, for example, the first thing, let\u2019s say your last year in college. one of the better things you should focus on, if you want to have a bit of an open mind and not just bet it all on getting that job, you know that you went to college for it.<br \/>\n5:22<br \/>\nSet up a company, set up credit. And then that becomes the the tool that you\u2019re going to use.<br \/>\n5:32<br \/>\nIt\u2019s just paperwork, really.<br \/>\n5:33<br \/>\nI mean, there\u2019s there\u2019s levels of sophistication. But you can set up a business and get credit with simply paperwork, All right.<br \/>\n5:41<br \/>\nIt\u2019s about it\u2019s a matter of registering the data from your company, in a certain way.<br \/>\n5:46<br \/>\nThere\u2019s public databases, we do that, and then we go and find the suppliers that are needed for the thing I want to get into. So what, what thing could that be? I\u2019m just gonna make something up, and I\u2019m telling you, I really, truly, like, like a tug of being on the beginning here.<br \/>\n5:58<br \/>\nI\u2019m starting with a blank mind here, so I\u2019m making this up as we go, just so I can be like the guy who I\u2019m talking to.<br \/>\n6:05<br \/>\nSo let\u2019s say, I, I had this idea where I look around.<br \/>\n6:09<br \/>\nand I\u2019m seeing 80% vacancy rates and commercial spaces here, so I\u2019m thinking, Well, where\u2019s all the, the shelving, where\u2019s all, the furniture, where\u2019s, where\u2019s all that? Is it in storage?<br \/>\n6:21<br \/>\nAnd yeah, maybe it is.<br \/>\n6:22<br \/>\nMaybe it\u2019s moved to a new location if the business moved or something like that.<br \/>\n6:26<br \/>\nBut the vacancy rates are kinda high. So I\u2019m thinking that there\u2019s going to be some financial problems.<br \/>\n6:31<br \/>\nI\u2019m thinking that a business or the businesses that are involved here, that I\u2019m looking at all this vacant space with uptake, and some of those are in receivership right now which means they might have filed a bankruptcy proceeding. They might have started the Chapter 11, OK. They might even follow receivership and my court. You can actually do that too.<br \/>\n6:48<br \/>\nSo let\u2019s say I go to the public records, I can do this on the internet, I can also go to the courthouse, and I can look in the US Bankruptcy Court records, and I can find out which businesses have recently filed for Chapter 11 re-organization plans.<br \/>\n7:01<br \/>\nAnd at some point in that proceeding, they will have to disclose what things they have. They have to get rid of. So the trustee is saying you gotta get rid of this stuff and sell it and pay creditors. You gotta sell fast. It\u2019s a fire sale, OK?<br \/>\n7:13<br \/>\nThere is a process by which I can actually buy these things from the trustee, because it\u2019s in receivership, the trustee now has authority over the business, and like I said, it\u2019s a hot potato. It\u2019s on fire, they have to sell it now.<br \/>\n7:26<br \/>\nSo, the only trick on that is, how do I get this stuff and then sell it, and have identified, who would buy it? What, what kind of stuff are we talking about? I\u2019ll give you a great example. A great example in my neighborhood about five years ago, I\u2019m near Winter Park in Florida.<br \/>\n7:41<br \/>\nSo, in this area, someone had, uh, Gotten a lease agreement in a strip mall location that was large enough to where he could have, I think it was like 4 or 5 movie theaters. It was just just a small look in place. But in the back and it was deep, it had a lot of space.<br \/>\n7:59<br \/>\nWhen I go in there, I can see, it\u2019s a, He turned it into a movie theater, but he used office equipment, and he used restaurant tables.<br \/>\n8:06<br \/>\nSo you have office equipment like Office chairs, and you have restaurant tables. And he was very clever. They organize it. They, debt credit is really nice. And they put this in there.<br \/>\n8:16<br \/>\nAnd they made it as, they put a kitchen in there, and they made it as a dine in movie theater, which is great because there isn\u2019t one around that\u2019s the only went around. And they made it five bucks to come there and watch a movie. Any movie, even the New Movies?<br \/>\n8:29<br \/>\nfive Bucks, so imagine.<br \/>\n8:31<br \/>\nYeah. And the food\u2019s decent, you know, I didn\u2019t buy any food, obviously I don\u2019t, I don\u2019t usually eat stuff like that, but I mean I looked at the menu, I was like, OK, that\u2019s good stuff.<br \/>\n8:37<br \/>\nYou know they have this the typical American type food that you would get at, you know, Fridays or something like that.<br \/>\n8:41<br \/>\nBut anyways, I know that they got those items out of that type of situation.<br \/>\n8:46<br \/>\nSo they got them out of an office area, business that had offices and they apply it for something completely different. They didn\u2019t open a new office and read, you know, re-invent the wheel, They said. they did something totally different and they carved out a bit of a niche market there and people that like to do something different.<br \/>\n9:01<br \/>\nLet\u2019s go out and eat, because here, the alternative is to go to, was it, now they call it Disney Springs, OK, near Disneyworld to get to get service like that.<br \/>\n9:10<br \/>\nYeah, there\u2019s one example that I just described.<br \/>\n9:14<br \/>\nHave you seen that before, V? Have you get involved, anything like that before?<br \/>\n9:19<br \/>\nYes, I\u2019ve done this with, with companies where, you know, they were going out of business and they have office space. And believe it or not, they were hauling out.<br \/>\n9:28<br \/>\nNo buckets meant buckets of computers and printers, monitors, and whatnot.<br \/>\n9:34<br \/>\nI had a client that might come right up and they would scoop up all that equipment. They\u2019ll refurbish, and then they\u2019ll go ahead and they\u2019ll sell it on e-bay. That\u2019s the number one at another client who had a construction business.<br \/>\n9:45<br \/>\nYeah.<br \/>\n9:46<br \/>\nWhat was happening is that in, in these construction sites before Cove and you had a great amount of construction that all froze that building.<br \/>\n9:55<br \/>\nYou know, supplies are just sitting there because the permits have been reneged on, the company went out, you know, went bust. And what they\u2019re doing is they\u2019re bidding to go in there and to clean it up.<br \/>\n10:06<br \/>\nAnd what they\u2019re doing is they\u2019re pulling out transformers or pulling out pieces and components for building construction.<br \/>\n10:15<br \/>\nThese are components that are very vital and very rudimentary to aid, look to, to building a high rise, to building a commercial retail space or whatnot. And they\u2019re buying it and they\u2019re quickly servicing it and then selling it. I\u2019m talking about components there.<br \/>\n10:29<br \/>\nThere are 20, \u00a330. Some of these components that are used for circuit breakers and whatnot.<br \/>\n10:34<br \/>\nThere are used for breaker boxes and they\u2019re cleaning it up and they\u2019re just selling it for 5000, $6000. And it\u2019s being scooped up like that, is so.<br \/>\n10:45<br \/>\nSo there\u2019s, there\u2019s a opportunity here to kind of be like a capitalist stick repurposing fulcher You come in and you\u2019re scooping up what what was somebody\u2019s travesty and tragedy and you\u2019re turning it into opportunity.<br \/>\n11:03<br \/>\nSo there\u2019s a lot of ways to look into that.<br \/>\n11:05<br \/>\nYeah. Yeah, exactly. So like the movie theater, it\u2019s just where I\u2019m gonna get some some cheaper supplies, some cheaper things I need to run the business.<br \/>\n11:15<br \/>\nI\u2019m not going to resell them, now I could resell them also, but this is just the one example.<br \/>\n11:18<br \/>\nSo How would you use business credit in that example?<br \/>\n11:22<br \/>\nYou probably don\u2019t even need business credit, but you will probably need some kind of credit, because even if it\u2019s personal credit because this will transition.<br \/>\n11:29<br \/>\nSo, does help to have decent personal credit, although you can\u2019t do this without personal credit, but you\u2019re going to need a commercial lease agreement, you can decide on something, try to make it short term, short term, and commercial lease, in my opinion, is 36 months, OK?<br \/>\n11:45<br \/>\nAnd there\u2019s, there\u2019s a bit about, we can talk about commercial leases later, but there\u2019s a lot to it, OK?<br \/>\n11:50<br \/>\nAnd I\u2019m not just saying, go out and do that today, and the other thing is, how about, if I\u2019m going to have a kitchen?<br \/>\n11:56<br \/>\nWho\u2019s going to prepare the food and then where am I going to get it from? And there are restaurants suppliers. And basically, you just probably need a permit, and then you get that. You know, there\u2019s a fee or something. And then you can have those shipped. So this is where you would use the credit.<br \/>\n12:08<br \/>\nYou might not get credit, you might not be able to use your credit with the trustee of the bankruptcy court, but heck you\u2019re gonna get it for 10% on the dollar anyways.<br \/>\n12:16<br \/>\nI mean, you could probably get someone to pay that pay for that for you as a loan, a short-term, two, month, loan, or something.<br \/>\n12:21<br \/>\nSo, you get this stuff, you. You stock it up. You get you go in there and do it yourself. You decorate the place that I know that that\u2019s what these guys did. And then you have your kitchen facility, which basically means you have a stove top and a freezer and a fridge and whatever is needed. You got a couple of things.<br \/>\n12:35<br \/>\nSo you need your supplies, you need food, so that you can get, with busy credit, You can get on what\u2019s called Net 30 terms, so you buy enough and do basics like, hamburgers hot dogs, right, and just the basic. what you\u2019re trying to do is get to the cash flow as quickly as possible.<br \/>\n12:51<br \/>\nAnd I\u2019m talking about like this is like bootstrapping. I\u2019m not saying, you\u2019ve got to save up a quarter million dollars before. You can do this.<br \/>\n12:57<br \/>\nAnd don\u2019t think that you need $5000 to do this.<br \/>\n13:00<br \/>\nAlthough, 5000 would probably be the thing to have in this situation.<br \/>\n13:03<br \/>\nBut think about it, $5000 is not much.<br \/>\n13:07<br \/>\nImagine, I mean, your monthly costs are probably to live or probably $5000.<br \/>\n13:11<br \/>\nSo, you know, you can do this. It\u2019s not hard, the startup capital is very minimal here and really, it\u2019s a lot of legwork.<br \/>\n13:18<br \/>\nOK, now, like he was just mentioning If You know how to go to the bankruptcy court and this is not the only place, But you can go there and find things that you think you can sell on e-bay You can just open up an e-bay account. And there\u2019s different types of accounts. I think for bigger $5 a month You can get a professional account something like that.<br \/>\n13:36<br \/>\nAnd Professional Account lets you have certain features, like you can list items, in a certain priority, you can pay, you, you can pay to promote an item. You\u2019d be surprised if you pay to promote an item. It might turnover real fast.<br \/>\n13:47<br \/>\nWhereas if you don\u2019t, it\u2019ll just trickle out the door, OK?<br \/>\n13:50<br \/>\nSo, you want to identify things that would sell, and then go find out where you get those things, and here\u2019s what your big problem is, once you find out what it\u2019ll sell, and where to get it from, your big problem, is getting enough of the thing that will sell, right? Because you\u2019re gonna be in a point where, Gosh, I wish I had more of these, because they\u2019re selling so well, right? That\u2019s what you want to have.<br \/>\n14:13<br \/>\nExactly. Very well said.<br \/>\n14:15<br \/>\nSo what are some examples of how people can go out there and establish Business credit rather quickly, rather easily?<br \/>\n14:21<br \/>\nLet\u2019s also cover LLCs versus corporations, pros and cons to both, and what most people would need. On a startup, I would use a, an LLC. I just like them, you know, you can\u2019t mess them up.<br \/>\n14:34<br \/>\nThey have you. You\u2019re very free as to how you want to do your accounting. And you can you can move funds around without creating new tax liabilities.<br \/>\n14:42<br \/>\nYou don\u2019t have to create a whole new taxpayer, OK?<br \/>\n14:44<br \/>\nYou can, you can actually run an LLC and then just still follow your 10 40 and not have to deal with having an accountant. See, this is where people get hung up. They start, they start up a company. What do they do? They call an accountant because it\u2019s all about taxes in their mind.<br \/>\n14:58<br \/>\nThey call it the account and he goes to an S, or do an S corp, right, which is an LLC with a filing on it.<br \/>\n15:04<br \/>\nSo that\u2019s what you get. You get bogged down. Because right out the door, you\u2019re spending $1500, or maybe it\u2019s $500 for accounting practices.<br \/>\n15:09<br \/>\nWhen I believe that\u2019s not necessary, number one, all right, so you get a company set up, and then you can start, start operating this way.<br \/>\n15:19<br \/>\nYou can, you can start with your credit now.<br \/>\n15:22<br \/>\nYou may have to guarantee some things out the door to get started, but I would start like that.<br \/>\n15:28<br \/>\nUsually an LLC is probably the best way to go.<br \/>\n15:34<br \/>\nAnd, you know, don\u2019t let that get in your way. I mean, I\u2019ve talked to people before and they\u2019re getting hung up on the cost of registering an LLC.<br \/>\n15:40<br \/>\nI mean, they\u2019re really cheap but still and they think they have to pay all this money for accountants. When really all you really need to do is make money, just go make money. You can just do it in your name. Then you can switch it over. What we\u2019re talking about. Here is being an entrepreneur.<br \/>\n15:52<br \/>\nYou can just do it yourself and when it starts working then you can start re-organizing.<br \/>\n15:57<br \/>\nAnd if it did, if you organize a company after the fact, let\u2019s say you made a mistake in.<br \/>\n16:02<br \/>\nYou didn\u2019t account for certain things that you could have gotten a better tax rate because you sort of should have labeled something a certain way or bought it under certain terms.<br \/>\n16:10<br \/>\nSo what the whole point is, you want to start an activity that\u2019s going to produce money as quickly as possible.<br \/>\n16:18<br \/>\nExactly, You want to get to dollar one as quickly as possible. A lot of times, people do get hung up, and they\u2019re like, I\u2019m going to startup expenses now.<br \/>\n16:27<br \/>\nJust go out and do it, because look, I\u2019ll tell you this, guys.<br \/>\n16:32<br \/>\nYou know, some of you all know that I\u2019m in the middle of opening up an exchange, and it\u2019s it\u2019s trying to open up an exchange in the United States.<br \/>\n16:38<br \/>\nI think, uh, I don\u2019t know, man, I like Christian missionary outreach in like the Soviet Union. I think there was a better chance of doing that.<br \/>\n16:49<br \/>\nSo, in other words, there\u2019s a lot of regulator and Regulatory **** you gotta deal with and a lot of my partners, You know, that I\u2019m working with some of my developers.<br \/>\n16:58<br \/>\nLike, oh, we gotta get just A, B, C, D, and E, and E, F G done in order for us to be out there, and I\u2019m like, no, forget all of that. Because a B C D E F G is what they put out there. in order to cause you to have fearing your heart, So you don\u2019t take the first step.<br \/>\n17:14<br \/>\nI said, guys, hmm, hmm, hmm, hmm, hmm, get out there.<br \/>\n17:17<br \/>\nLet\u2019s get out there, let\u2019s get to dollar one as quickly as possible, because by the time, the regulators figure out what the **** it is that we\u2019re doing, that\u2019s right. It would have been operating for 6, 7, 8 months.<br \/>\n17:29<br \/>\nMaybe even a year, and then we can say, OK, we didn\u2019t know you could, in most cases, I\u2019m talking about crypto exchange.<br \/>\n17:37<br \/>\nIf you can plead ignorance on certain things that we don\u2019t need to do, you don\u2019t need to have every single, no key crossing, every, I dotted.<br \/>\n17:47<br \/>\nYou just need to get to dollar one, and that\u2019s something you need to do.<br \/>\n17:50<br \/>\nDon\u2019t worry about if you don\u2019t got money, Oh, man. I am people getting creative.<br \/>\n17:56<br \/>\nI\u2019m driving my car and I\u2019m seeing road signs that, you know, plopped on people\u2019s houses, power washing 200 bucks Literally guys that go around the air compressor. You can buy for 100 bucks at Home Depot. Know, they\u2019re using \u2026, power washing houses, our Washington Roofs, cleaning up the gutters this than the other.<br \/>\n18:16<br \/>\nThere are creative ways to create cashflow, whether it\u2019s your business to do something like that, or your business is, that, is something that\u2019s internet oriented.<br \/>\n18:26<br \/>\nWell, you\u2019re getting lateral, maybe you\u2019re trading, kryptos, or maybe your, uh, you know, consulting, maybe you aren\u2019t maybe whatever the heck it is you want to do, just do it.<br \/>\n18:37<br \/>\nDon\u2019t get hung up on, hey, I need to have A, B, C, and D in place in order for me to even if my told it to the oh no jumped and Jump in starched women.<br \/>\n18:49<br \/>\nIt\u2019s either a product or service. Go sell it.<br \/>\n18:52<br \/>\nSee who buy it, go ask somebody to buy it and like you said.<br \/>\n18:55<br \/>\nThat\u2019s a great example, OK, we can talk about selling products on e-bay and and there\u2019s suppliers that are included there and we\u2019re going to talk about how to get using some suppliers how to get the credit going.<br \/>\n19:09<br \/>\nYou want to Answer that one question about credit so that the step you want to take the first step is you want a company that will supply you something and a company that does report Under net 30 terms to a business and its credit file. So a real common one would be something that sells office supplies or factory equipment or things that most businesses can use. And I\u2019m gonna give you guys a trade secret here.<br \/>\n19:32<br \/>\nGo look at you.<br \/>\n19:33<br \/>\nLine U L I N E, go look at U line OK, and you want a business account with uline.<br \/>\n19:42<br \/>\nYou can get one FedEx to, but you line is very useful because they have this huge catalog with just I mean, it\u2019s almost like going to what do people like to go to to look at?<br \/>\n19:53<br \/>\nJust shopping window shopping, like men probably like to go to Home Depot, right?<br \/>\n19:58<br \/>\nUline has done the best Best Buy yeah. That\u2019s my electronics. Yeah, so you line it\u2019s kinda like that in the world of office. Applying to think office supply, that\u2019s kinda boring. I\u2019m gonna tell you right now.<br \/>\n20:08<br \/>\nIf you look at a Uline Catalog, you will buy something you will find a need for something that they have.<br \/>\n20:13<br \/>\nIt\u2019s cool stuff, in my opinion, anyway. So anyways. That\u2019s what you do. Start at you line get an account there. That would be your first Net 30 account, OK? That\u2019s the beginning steps of getting Business credit.<br \/>\n20:25<br \/>\nAnd I\u2019m not saying: go out and do it exactly that way because there\u2019s a couple of things that you want to set up first, OK?<br \/>\n20:30<br \/>\nBut like what you\u2019re saying on this thing where you do pressure washing, let\u2019s say that it\u2019s not your bag, right, but you know that your neighbor and you were talking on Saturday, you guys are cutting the grass and you\u2019re sending out there talking, man. I gotta pressure Wash my house.<br \/>\n20:43<br \/>\nYou know, if you went over to your neighbor\u2019s house, the going rate is 200 bucks and he would pay you 50 just because you\u2019re being nice to him to do it.<br \/>\n20:52<br \/>\nAnd maybe he has a pressure washer that you can use.<br \/>\n20:55<br \/>\nI\u2019m just saying you could do that OK but let\u2019s say you go and Lisa pressure washer. You don\u2019t have one.<br \/>\n21:01<br \/>\nYou don\u2019t want to make the commitment, so or you borrow someone\u2019s and you start lining up some jobs.<br \/>\n21:05<br \/>\nIn one day, you could have enough jobs to keep you busy for the week with a little bit of effort. And I know, because I\u2019ve done things like that.<br \/>\n21:13<br \/>\nLet\u2019s say after a couple of months, it\u2019s going pretty good.<br \/>\n21:16<br \/>\nYou will find people if you\u2019re not even trying. But if you try, you will find people, you\u2019ll find two guys. I\u2019m just making this stuff up.<br \/>\n21:22<br \/>\nYou find two guys that will do the work, and then you book the jobs and now your job is no longer pressure washing outside, getting all dirty and stuff.<br \/>\n21:32<br \/>\nYour job is on your phone book in these jobs, and having these guys show up and just hope that they do a good job at it, you know you get to supervise them, and things like that, OK?<br \/>\n21:40<br \/>\nThen, your job is processing payments, making sure the customer is happy and making, you know, making sure the supplies are there, It just grows from there.<br \/>\n21:49<br \/>\nYou can do that in one year.<br \/>\n21:51<br \/>\nI\u2019m just going to make up a number V Because if we, you know, I\u2019m sure we\u2019ve done this stuff like this before in one year, if you did something half way, OK?<br \/>\n21:59<br \/>\nHalfway decently, you\u2019re gonna make twice as much money as you would need to live for that year that\u2019s understating it, if you did that, absolutely right. We\u2019ve done that before, so I don\u2019t know about you, but for me, I try to, it\u2019s like a game. I have, and I share this with clients. I try to make as much money as I need for my living expenses by April.<br \/>\n22:24<br \/>\nYeah, it\u2019s a good practice, so start looking at things differently like that to start looking at things, not as a consumer or waiting for a paycheck.<br \/>\n22:32<br \/>\nBecause those guys will, they\u2019ll spend a whole year till December 31st to pay for their whole years of living expenses.<br \/>\n22:41<br \/>\nNothing wrong with that, But let me ask you this question. Why would you have to do that?<br \/>\n22:45<br \/>\nWhy wouldn\u2019t you just spend until April, to make your whole year\u2019s worth of living expenses? You did it for one year. Why not four months, three months?<br \/>\n22:54<br \/>\nIf that\u2019s your standard, look how your life changes. What could you do for the last six months of the year?<br \/>\n23:01<br \/>\nPlan for the next year, or start a business, or something, you know?<br \/>\n23:06<br \/>\nNow, some people will say, how do you go about doing business credit?<br \/>\n23:12<br \/>\nYou scroll, you pull it up on Scruple, do, I have to give out another trade secret.<br \/>\n23:19<br \/>\nYeah, you can give yours, and then I\u2019ll, I\u2019ll cap it off of the mind as well. Let me just say let\u2019s google it. Let me tell you what traditional people do, right? Let me just cover this real quick, right, OK, so you go to Screwball, you asked your typical CPA guy your account, and whatever, right, This was Italian.<br \/>\n23:36<br \/>\nWell, what you need to do is, you need to maintain good credit relationship with suppliers and vendors.<br \/>\n23:43<br \/>\nYou gotta get yourself an EIN, and actually make all your payment sometimes and you open up the business credit card and make sure you personally guarantee it.<br \/>\n23:54<br \/>\nI got crappy credit, how am I going to guarantee a business credit card? Then you gotta get incorporated and you got to separate your business and your personal expenses and you got to monitor your credit. And You asked me, what my god, I mean more on How much stuff do I have to do? You don\u2019t need to do any of that junk. Go ahead.<br \/>\n24:10<br \/>\nYou know, you don\u2019t have to do all that stuff and be careful about this If you get a business. If you register a business, and you open a bank account, a lot of times. The bank\u2019s going to say, Hey, would you like a business credit card?<br \/>\n24:21<br \/>\nIf you do that, if you set up a business and you wait for someone to offer you credit, especially a bad, This is a personal line of credit. It is not a business credit card.<br \/>\n24:32<br \/>\nI know lot of you that are listening to this, you\u2019re going what?<br \/>\n24:35<br \/>\nThey said, it was business, it is not, I\u2019m going to tell you why it\u2019s not because when the bank offers you credit, it is using your personal identifying information, your SSN, your name, date of birth. It is using that information only to underwrite or apply for the loan to underwrite the line of credit. It is not using your business. Why? Because your business does not have a credit file.<br \/>\n24:57<br \/>\nIt\u2019s new, so don\u2019t be fooled by the banks. Now, how do you get a line of credit for the business?<br \/>\n25:03<br \/>\nYou build up your file. Then you go ask for a line of credit, you go choose a creditor.<br \/>\n25:08<br \/>\nDon\u2019t wait for them to come to you, because it\u2019s not going to be what you think.<br \/>\n25:12<br \/>\nSo just just a word of warning there. But here is the first step. I\u2019m gonna I\u2019m gonna give this up here.<br \/>\n25:17<br \/>\nGo to this website y\u2019all, and we could put it here in the Chat window to like you did for Uline.<br \/>\n25:21<br \/>\nThis website is called List Yourself dot net.<br \/>\n25:29<br \/>\nOK, I can put it here real quick.<br \/>\n25:36<br \/>\nThis is kinda the secret, now, this is how I, this is how I do it.<br \/>\n25:39<br \/>\nYou don\u2019t have to do it this way, but I, when I set up the business, I make sure that the business can receive mail at a real business address.<br \/>\n25:49<br \/>\nOK, Not a PO. Box. Not a UPS Box.<br \/>\n25:52<br \/>\nIt has to be a place, like it could be a virtual office space, it could be where people actually work, that could be, you know, you\u2019d have a desk there and things like that, OK. It has to be that it cannot be a residential address. It can be a farm, but make sure the farm a zone, and the location is a business location. Office, industrial, agricultural, OK.<br \/>\n26:10<br \/>\nNot a residential, All right.<br \/>\n26:12<br \/>\nSo once you have that, you need a phone number, and today it doesn\u2019t matter so much you don\u2019t need a PBX and land line and all that used to be like that. Now, you don\u2019t really need that. And you need an e-mail address. So, preferably, you don\u2019t have to, but it\u2019s a good idea to setup a website for your LLC, if this is what you intend to do. Now, I rarely do this, but I\u2019m just saying it is convenient to do this anyways. So, set up an LLC, set up a website dot com or something for your LLC, and it doesn\u2019t have to be the same name. It can be pretty much any name you want, OK.<br \/>\n26:44<br \/>\nOnce you have that set up, get e-mail, get an e-mail account from that website.<br \/>\n26:50<br \/>\nThen use that to do what I\u2019m going to show you right now.<br \/>\n26:53<br \/>\nSo you go to list yourself dot net, and if you look at that website, I\u2019m looking at it right now.<br \/>\n26:59<br \/>\nIf you want to jump, I can share screen, OK, so on the far left side, let me just flip over there real quick, All right.<br \/>\n27:09<br \/>\nJust you got it. You got to enable it.<br \/>\n27:15<br \/>\nSecond of all, it\u2019s quite simple.<br \/>\n27:19<br \/>\nSo the purpose of having an e-mail address that identifies your business is it is useful down the road, but also the phone number, and the physical address is going to make it work.<br \/>\n27:30<br \/>\nSo, you go to list yourself dot net, and I\u2019m on the, on the far left side. Are there it goes, OK, Thank you. I put mine up there. Oh, you got it. Perfect. Thanks OK, see right here on individual or lateral far left.<br \/>\n27:43<br \/>\nThat\u2019s that right there.<br \/>\n27:44<br \/>\nJust click on that, all right, fill out that little form. There you go.<br \/>\n27:48<br \/>\nNow be prepared as soon as you fill out this form, it\u2019s going to ask you how you want confirmation, right, So at the very bottom, you\u2019ll notice it\u2019ll say Do you want to do you want us to call you or e-mail you or whatever? They are going to send you something like maybe a text message, OK, so have your phone ready. When you, when you finish that form, make sure you, you labeled as a business that\u2019s not residential, the address is business.<br \/>\n28:12<br \/>\nYou put the business.<br \/>\n28:13<br \/>\nYou\u2019re your name, the, know, the country. All that stuff.<br \/>\n28:18<br \/>\nNow, this is for, let\u2019s see, list yourself, there should be one for business, OK, so you, if you click on that business bubble, there, be, click on the business one, right in the middle.<br \/>\n28:27<br \/>\nYep.<br \/>\n28:28<br \/>\nIt\u2019s a single SCO National.<br \/>\n28:32<br \/>\nYeah, just pick any, it doesn\u2019t matter. So business.<br \/>\n28:35<br \/>\nOnce you click on business, see, yeah, there you go, now see how it switches over So you got your company name?<br \/>\n28:43<br \/>\nWhat category is it? Now? This is like the SEC, if you guys don\u2019t know, it\u2019s called a, it\u2019s a standard industrial classification code.<br \/>\n28:51<br \/>\nThis is for marketing purposes, but all businesses are classified under a standard industrial classification code. This came out of the the eighties with Ronald Reagan under the Department of Commerce.<br \/>\n29:04<br \/>\nThis is kind of a nice way to do, have marketing, so that if you\u2019re marketing to a business, under the SEC, it\u2019s easy to target the market. It\u2019s easier, heavier lift broker, do this. So that\u2019s why you have an see here.<br \/>\n29:16<br \/>\nAnd it\u2019s kind of nice, because, again, this is going to show up in the public records for new businesses.<br \/>\n29:22<br \/>\nWhen you fill out this form, you\u2019re gonna get a confirmation request, it\u2019s going to be however you want, text, phone call, or whatever. You fill that out at the bottom of this form.<br \/>\n29:30<br \/>\nThen, that\u2019s done. You\u2019ll never have to do that again.<br \/>\n29:33<br \/>\nWhat\u2019s going to happen is in a short time, the address that you\u2019re using here for the business is going to get mail from Dun and Bradstreet.<br \/>\n29:41<br \/>\nIt\u2019s going to be like this welcome. Congratulations. You now have a business credit file, OK? You\u2019re going to have a file, but you\u2019re not going to have a score yet.<br \/>\n29:49<br \/>\nIt\u2019s going to take a little while. When I say a little while. I mean, let\u2019s say two months.<br \/>\n29:52<br \/>\nIt\u2019s going to take 230 day cycles to get a report from a net 30 supplier. So that\u2019s why it\u2019s important to have those lined up when you start this at least one.<br \/>\n30:02<br \/>\nBut you don\u2019t need more than four and don\u2019t have less than three. So it\u2019s going to be either 3 or 4 net 30 suppliers.<br \/>\n30:10<br \/>\nSo uline is number one.<br \/>\n30:14<br \/>\nSo this is going to get your business credit score going.<br \/>\n30:17<br \/>\nAnd after Net 30 is established, and you have at least 3 Net 30 accounts, and they\u2019ve reported twice, let\u2019s just say you\u2019re going to have a score, and that score should be 1 to 100, I believe it is 1 to 100 to 100, something like that.<br \/>\n30:30<br \/>\nYour score should be around 90, because you don\u2019t need it to be 100, but around 90 is good, because it\u2019ll show that.<br \/>\n30:37<br \/>\nYou can get it, you can acquire debt, and you can manage it. And you\u2019re not late, You\u2019re not in default, OK?<br \/>\n30:42<br \/>\nAs a business owner, that\u2019s what you want.<br \/>\n30:44<br \/>\nYou want to show that you have debt, and that you\u2019re managing it. And the more you do that, the more credit you can get.<br \/>\n30:50<br \/>\nSo if you compare this with personal credit, personal credit has a limit.<br \/>\n30:54<br \/>\nBecause the personal credit is typically used to buy personal liabilities that have a There\u2019s a limit, because people can only make so much money, because most people are getting paid by the hour, OK. But a business can make an infinite amount of money. And so it doesn\u2019t have a ceiling, it\u2019s the opposite.<br \/>\n31:12<br \/>\nAll right VI.<br \/>\n31:15<br \/>\nDid you get them?<br \/>\n31:16<br \/>\nIs that it? They want me to go more, I think. I think this will get them in the right.<br \/>\n31:20<br \/>\nSo, there is first things first, do this first, look at you line, get that going, You got your bank account set up, and you start a role.<br \/>\n31:32<br \/>\nAbsolutely.<br \/>\n31:34<br \/>\nYeah, that\u2019s the quick, easy and very, very extreme, friendly, cost, effective way of, you know, of getting that business credit setup, OK.<br \/>\n31:45<br \/>\nAnd that, that, and that gets things going.<br \/>\n31:49<br \/>\nUm, the other way, OK, there\u2019s another way, and this is through different services and one of these, These are, you know, completely legal.<br \/>\n31:59<br \/>\nAnd there are no services out there. If anybody\u2019s interested.<br \/>\n32:04<br \/>\nI worked with a few with a company that does this, where, if you have an LLC, they\u2019ll go ahead and they\u2019ll build out that credit file for your LLC.<br \/>\n32:14<br \/>\nThey\u2019ll know Jack up your year, you know, your Dun and Bradstreet numbers, you paid X score basically.<br \/>\n32:24<br \/>\nThen they will also build-up and put within their lines of credit and trade lines that are in there so they can literally build up your file, where it looks like your business had. Let\u2019s say instead of uline.<br \/>\n32:38<br \/>\nyou had a $20,000 line of credit or 30 or a $50,000 line of credit with Caterpillar John Deere.<br \/>\n32:48<br \/>\nOr you had one? Or, you had like, a $15,000 line with staples or you had, so, or at will, or yeah, like a, you know, $20,000 line with IBM, you, know, or whatever. Right?<br \/>\n33:00<br \/>\nSo, it quickly and rapidly builds up your score and their typical industry charges, whatever.<br \/>\n33:08<br \/>\nThat\u2019s 10%, whatever the cost of the last minute.<br \/>\n33:11<br \/>\nSo if you want a $10000 line in your credit file for your business, a thousand dollars cost, $50,000 line, That\u2019s a $5000 cost, at that point. Yeah, you\u2019re spending money.<br \/>\n33:25<br \/>\nWhat\u2019s the advantage? The advantage here is number one, you rapidly building up a major file.<br \/>\n33:29<br \/>\nand they\u2019ll build it up for you, where, you know, you know, they\u2019ll get you a home address, you know.<br \/>\n33:35<br \/>\nWorking cell phone numbers, the whole nine yards.<br \/>\n33:39<br \/>\nThe last seminar kinda went in on how you could do that yourself.<br \/>\n33:44<br \/>\nOf having a built up credit line for your business, is that now you have this beautifully built up LLC, it looks completely establish, it looks rock solid, it looks like it\u2019s handling a lot of debt. It looks like it\u2019s handling A lot of incumbents, looks like it\u2019s solid.<br \/>\n34:00<br \/>\nNow, you can go ahead, and now you can apply for one.<br \/>\n34:02<br \/>\nNow, you can go ahead and apply for business loans 150 to 100,300 or 400,000.<br \/>\n34:08<br \/>\nWhatever it is which you can actually utilize Reeve, best back into your business, re-invest into assets that are actually generating your income.<br \/>\n34:18<br \/>\nSo that\u2019s the way to do it. So so your initial outlay might be a few thousand bucks.<br \/>\n34:26<br \/>\nBut it\u2019s a small price to pay if you are having access to capital, which is huge.<br \/>\n34:32<br \/>\nBecause one thing that John, I love is OPM other people\u2019s money.<br \/>\n34:37<br \/>\nAnd when we say Other people\u2019s money, we\u2019re talking about financial institutions.<br \/>\n34:42<br \/>\nWe\u2019d love to take advantage of a fire in finance institution, that doling out cash.<br \/>\n34:48<br \/>\nJohn, another client.<br \/>\n34:51<br \/>\nI like to joint venture with people, too. I like to work with people that have resources, that I don\u2019t have, but I have a knowledge of something, or I might know. I mean, it\u2019s as simple as this.<br \/>\n35:00<br \/>\nIf you know how to market something, and you\u2019re looking at, Let\u2019s say I see this every day, I\u2019m looking at a business, and I\u2019m going to man.<br \/>\n35:06<br \/>\nI know that there are, just, there\u2019s this niche market out there that they don\u2019t know, They don\u2019t know that they\u2019re too busy doing their thing, that probably making good money. But if they just did a couple thing, couple of data, they could make a lot more money.<br \/>\n35:18<br \/>\nAnd if I came to the table with that with the plan, and I put my money where my mouth is.<br \/>\n35:24<br \/>\nWhich means, I put the money on the table that the cost involved with doing the thing, the joint venture, and then I\u2019m betting on myself now. And I said, Look, I\u2019ll split it with whatever we net on that, we\u2019ll split it with the upfront costs on it, because I\u2019m going to joint venture with his resources and my knowledge, my skills, or maybe I know something. Maybe, I\u2019m like, you know, a marketer, and I know 10000 people, and they\u2019re like looking for the next thing to buy, and I can do that. I can leverage that.<br \/>\n35:49<br \/>\nSo that there\u2019s another way to immediately make money with other people\u2019s money.<br \/>\n35:54<br \/>\nWith other people\u2019s resources.<br \/>\n35:57<br \/>\nYeah, I would caution on the coaching on how to do that Yeah, we both do that. Now. What I was saying is Yeah.<br \/>\n36:04<br \/>\nYeah.<br \/>\n36:04<br \/>\nWhat I was saying is that if you need coaching on how to do that, get ahold of John and I\u2019ll put his e-mail right hand, and you can bring John on as your personal coach.<br \/>\n36:15<br \/>\nYeah, Yeah, I\u2019ll work with you like a partner. I don\u2019t take an interest in your and your thing, though. I don\u2019t like doing that.<br \/>\n36:20<br \/>\nBut yeah, I can. I can coach. Yeah, yeah. So I would comment your e-mail. Yeah.<br \/>\n36:25<br \/>\nSome press. Yep, Singleton press at proton mail dot com.<br \/>\n36:34<br \/>\nBecause I\u2019m looking at a message from on Skype and one of my clients is asking me, Where do we start with on the business credit? So we\u2019re actually talking about that right now. So I\u2019m gonna have that conversation again. So anyways, I would caution you on this, Yeah, it\u2019s great. You can put a line of credit on their trade line and get 10 grand and 50 grand but have a plan on how to use it.<br \/>\n36:55<br \/>\nAnd I think my recommendation is, don\u2019t just pay for employees, That\u2019s the liability on your books, OK, and yeah, maybe you can do that. Maybe it\u2019s a huge cash flow thing, right?<br \/>\n37:07<br \/>\nYou\u2019re gonna make a lot of money, it doesn\u2019t matter what you do, and I don\u2019t think so, I would, I would suggest is, take your first loan money, and go do something that\u2019s going to produce immediate capital back.<br \/>\n37:16<br \/>\nsales, OK. So that first loan money, it would be something like buying advertising.<br \/>\n37:23<br \/>\nNot necessarily writing copy, but just get some advertising out there, get some TV radio, whatever you\u2019re gonna do, flyers, direct mail, whatever, it\u2019s going to be, Facebook Ads. And that\u2019s another thing I mean, you can do. Social networking is great for marketing.<br \/>\n37:37<br \/>\nand many and many instances, and it\u2019s very cheap.<br \/>\n37:41<br \/>\nSo, have a plan for that money to make money right away.<br \/>\n37:46<br \/>\nExactly.<br \/>\n37:48<br \/>\nI guess the next job we can walk, we can talk about our taxes.<br \/>\n37:52<br \/>\nUm, so that\u2019s a lot of things where it slows people down, because they\u2019re more concerned about taxes, and taxes are the last thing you should be concerned about. And I\u2019m not saying don\u2019t pay your taxes.<br \/>\n38:04<br \/>\nI\u2019m just saying you will have tax liability, but you can deal with that and tax the tax collector as a friendly creditor.<br \/>\n38:11<br \/>\nIf you understand what that involves, OK, I\u2019m not saying they\u2019re gonna let you go without paying, but they will work with you on paying the taxes, and they know that they know that your venture that you\u2019re in is going to be used to pay the taxes. I can tell you how many licenses I\u2019ve had re-instated where someone\u2019s driver\u2019s license gets suspended because you can\u2019t pay a tax bill and then I simply have a hearing and get it re-instated because he can\u2019t go to work without the license.<br \/>\n38:37<br \/>\nSo the tax, people say, oh yeah, well of course, yeah, well re-instate your life and just go to work and now pay the bill we say.<br \/>\n38:42<br \/>\nSo taxes, last thing you should be concerned about.<br \/>\n38:45<br \/>\nThe first thing you should be concerned about is making money as fast as possible.<br \/>\n38:51<br \/>\nIf you can make it the moment you start, then that\u2019s what you want to do.<br \/>\n38:54<br \/>\nIf it\u2019s not feasible and you can make money for 30 days or 90 days, OK, then work with that plan ahead for that, OK?<br \/>\n39:00<br \/>\nWithin, you can do that for, I\u2019m gonna just be conservative here.<br \/>\n39:04<br \/>\nYou can do that for one year and completely ignore taxes and ***** it up the taxes, OK? for one year and by the way, you\u2019re not going to ***** it up. But just, that\u2019s going to be on your mind.<br \/>\n39:15<br \/>\nGet the thing done. Make the money, get the things set up. Get your right people in place, get your suppliers in place, get that system, go and get your website working, OK? Get the money in the door, get your payment processor going.<br \/>\n39:26<br \/>\nThen take some moment and some time and look back and say, I wonder what kind of taxes I have here.<br \/>\n39:32<br \/>\nThen talk to somebody who understands you for your type of business and makes sure. If it\u2019s a CPA or somebody, makes sure that CPA or that accountant understands how to work with the types of business that you\u2019re in.<br \/>\n39:44<br \/>\nGet somebody who\u2019s suited for your type of business, because Hillary was saying all the deductions.<br \/>\n39:48<br \/>\nReal Estate is different than 711, OK? Real estate is different than retail, per se. Right?<br \/>\n39:55<br \/>\nSo taxes, think about them last. Yeah, you\u2019re gonna end up paying them. And, Yeah, you can always fix things. And it\u2019s not permanent. It\u2019s not going to destroy you forever.<br \/>\n40:03<br \/>\nIf, however, you go forever and you don\u2019t deal with taxes.<br \/>\n40:08<br \/>\nAnd here\u2019s where you can get really get into trouble, if you\u2019re collecting unemployment insurance and things like that from employees and you, that becomes a trust account, and if you don\u2019t pay that money over, now you have criminal implications. So just that you should be aware of, OK.<br \/>\n40:23<br \/>\nBut really, income taxes are things you can handle later on.<br \/>\n40:26<br \/>\nCollecting sales tax.<br \/>\n40:28<br \/>\nThat is also a trust relationship, so you better make sure that you have that set up properly and a lot of those are turnkey systems anyways, you can have services manage that for you.<br \/>\n40:37<br \/>\nBut other than that, that is not really a concern that should slow you down.<br \/>\n40:45<br \/>\nAbsolutely, correct, absolutely correct.<br \/>\n40:48<br \/>\nAnd, of course, guys, you know, when she you have an LLC set up, that\u2019s, that\u2019s the pass through. The LLC in, and of itself doesn\u2019t have a tax liability until you actually go ahead and import it. Now. The way you offset your taxes Now, you probably hear the Idiotic media saying Donald Trump only paid $750 in taxes.<br \/>\n41:04<br \/>\nYou\u2019ve probably heard that, like, a bunch of times. The fact of the matter is 750 was just tax liability, actually paid 5, 10.<br \/>\n41:10<br \/>\nI think about five point two million eight for that specific year. We had a $750 liability.<br \/>\n41:15<br \/>\nNow, when you have an LLC setup, that means every time you go out, OK, that\u2019s a write off, You have dinner with, you know, you haven\u2019t gone out to dinner, you book on a family vacation book on a trip.<br \/>\n41:25<br \/>\nThat is a write off, You buy a tablet, you buy a laptop, that\u2019s a ride off, you buying office equipment, that\u2019s a ride off, whatever you do.<br \/>\n41:32<br \/>\nYour car, ride off your car, the mileage on your car, right off, the insurance, and you call it right off.<br \/>\n41:37<br \/>\nThis, if you work from home, there\u2019s just certain that it varies by state to take, actually, I think this is federal, certain percentage of your house up to 150 square feet can be written off.<br \/>\n41:50<br \/>\nThat\u2019s 150 by 150 to 200 square feet can\u2019t be written off in in taxes as a deduction.<br \/>\n41:56<br \/>\nSo if you already have a mortgage or you\u2019re renting, that\u2019s more money back in your pocket.<br \/>\n42:03<br \/>\nSo the advantage that somebody who was an entrepreneur has over somebody, who is a W two employee, is this, the W two employee gets bent over, and raped on, all the taxes coming out.<br \/>\n42:12<br \/>\nThe entrepreneur pais himself first.<br \/>\n42:16<br \/>\nThat\u2019s the difference, This is why it comes into board, now we got bought out.<br \/>\n42:20<br \/>\nShe has a question, I ask your question, can ask you to unmute, Can y\u2019all hear me? Yes. Yes.<br \/>\n42:29<br \/>\nSo yeah, I\u2019m an LLC for 13 years, Iron Small, small surf shop in Virginia Beach.<br \/>\n42:38<br \/>\nUm, so what?<br \/>\n42:41<br \/>\nI\u2019ve had a good accountant for awhile.<br \/>\n42:42<br \/>\nMy first question was, When I\u2019m filing taxes, should I do?<br \/>\n42:48<br \/>\nMarried filing jointly? or just had it? How should I do that? I feel like, um, because because, like you said, It\u2019s a pass through entity so my wife has a good job.<br \/>\n43:00<br \/>\nSo whatever I owe from the business, um, they didn\u2019t end up taking her tax refund?<br \/>\n43:10<br \/>\nYeah, because you\u2019re filing jointly. Yeah, yeah, so that was my question. Yes, if you don\u2019t want that to happen, that don\u2019t File jointly. That\u2019s why I recommend not filing jointly.<br \/>\n43:19<br \/>\nYou can make your money other other ways. You don\u2019t need to be concerned about that deduction.<br \/>\n43:23<br \/>\nYou get a break or something like that? Right? Yeah.<br \/>\n43:26<br \/>\nSo, OK, just in that situation, I would just not file jointly for that reason alone.<br \/>\n43:31<br \/>\nBecause that\u2019s why they want you to file jointly. So they can do that.<br \/>\n43:35<br \/>\nYeah. See the money, ever. Yeah. So she should make it to where she owes money at the end of the year to, I mean, she could fix that herself.<br \/>\n43:42<br \/>\nJust, OK, hey, until the end of the year, I mean, underpay underpay, so, yeah, underpays so that you owe them, OK. There\u2019s two ways to do that. You don\u2019t file jointly and underpay that\u2019ll stop the tax refund from being levied.<br \/>\n43:57<br \/>\nDid you clarify underpaid? John Scott? I\u2019m sorry.<br \/>\n44:00<br \/>\nWell, make it to wear.<br \/>\n44:03<br \/>\nYou owe the IRS Yeah, if it\u2019s $100, whatever you have to do to make it to where you owe them, OK, thank you. What\u2019s the question about proof of address?<br \/>\n44:16<br \/>\nYes, that wasn\u2019t me. I don\u2019t think, oh, somebody else or Kevin asked about proof of address, OK. Yes, so that, yeah, that\u2019s pretty simple. There\u2019s two ways to do that, I would do both.<br \/>\n44:26<br \/>\none other note on that, I don\u2019t know if it would apply.<br \/>\n44:29<br \/>\nBut, yes.<br \/>\n44:35<br \/>\nI think, John, hold on, I\u2019m unmuted, you buy at Weatherhead.<br \/>\n44:39<br \/>\nAnja.<br \/>\n44:42<br \/>\nAllah, OK, good. So far, there\u2019s a form online.<br \/>\n44:46<br \/>\nIf you search on the internet for IRS Form, Innocent, Spouse relief.<br \/>\n44:52<br \/>\nShe can file that and see if she can get that changed. Now, I think that may only apply in levy situations, but I just want, I just want to throw that out there because I know a lot of people may want to know about that. That lot of times our accountants don\u2019t tell them.<br \/>\n45:08<br \/>\nSo, Kevin has a question about proof of address.<br \/>\n45:12<br \/>\nJohn, then I\u2019ll also give my tip.<br \/>\n45:14<br \/>\nGot you first.<br \/>\n45:16<br \/>\nAlright, Kevin, what does it proof of address for what situation?<br \/>\n45:19<br \/>\nYes, she\u2019s talking about trust accounts, for trust accounts.<br \/>\n45:23<br \/>\nBrilliant!<br \/>\n45:25<br \/>\nWho wants proof of address?<br \/>\n45:28<br \/>\nAll right.<br \/>\n45:31<br \/>\nAlex, thank you.<br \/>\n45:35<br \/>\nAlex, Delete them.<br \/>\n45:40<br \/>\nExcuse me.<br \/>\n45:42<br \/>\nOh no. What\u2019s enacted?<br \/>\n45:44<br \/>\nOK.<br \/>\n45:45<br \/>\nI was an accident as part but I\u2019ll go ahead. Yeah, well if the bank wants proof of address, I\u2019m just gonna have to ad lib here. I don\u2019t know if he\u2019s talking about.<br \/>\n45:54<br \/>\nWhen you open a trust account, if the bank wants proof of address for the trust, the bank.<br \/>\n45:59<br \/>\nYeah, and so no, the trust doesn\u2019t have an electric bill come on people.<br \/>\n46:06<br \/>\nSo you can just explain, like the trust does not have an electric bill. Why would a trust have an electric bill?<br \/>\n46:11<br \/>\nThat\u2019s right. Because the banks are reading off a script that, when you open up, they\u2019re going down a script, folks.<br \/>\n46:19<br \/>\nA, B, C, So they\u2019re going to come up with a stupid question of, do you have an electric bill like what John said. The trust doesn\u2019t have an electric bill and you just, and then you just stay quiet and make them feel stupid at that time. And are you actually using an address for the Trust, where it can receive mail and the name of the Trust?<br \/>\n46:36<br \/>\nAnd if you are, then it\u2019s enough for you to tell them that they can verify the address by sending a postcard if they want the trust. I mean, Yeah. It\u2019s, it\u2019s a calm and said, Look, guys, come on, how does my trust need a utility bill?<br \/>\n46:50<br \/>\nNow, I will tell you this, there are services, and I\u2019d have to go look them up right now, but there are services that will print the utility bill based on where the address is located and the services in that area.<br \/>\n47:01<br \/>\nSo, if you need a utility bill for something, let me know. I mean, I do it all the time. For clients, OK, So, you do so. We both do the same thing. Whatever that I just did one for. For a client of mine for Con Edison was like a five point five million dollars goal deal, so they need a proof of dress. I just create one for nobody. Looks interesting.<br \/>\n47:24<br \/>\nAnd that\u2019s the thing, John, people, like, oh, my God, if I create this.<br \/>\n47:29<br \/>\nW two, or like a paste up, I\u2019ve got to create a paste up.<br \/>\n47:34<br \/>\nOh, my God.<br \/>\n47:35<br \/>\nIt gives us the technical look. Nobody looks at anything. You know, why?<br \/>\n47:38<br \/>\nBecause the thank you, open up your accountant, the town clerk and the governmental officers. They all have one thing in common.<br \/>\n47:47<br \/>\nThey are all a bunch of mediocre lazy, bureaucrats that just want paperwork to cover there but that\u2019s it, that\u2019s all it is. No one takes the time to go look for anything and that\u2019s the honest truth.<br \/>\n48:01<br \/>\nYeah, and Pogo as a follow up question that, I was going to talk about this. Next.<br \/>\n48:05<br \/>\nWe\u2019re gonna talk about delegate real quick, and he says, Should I do my own taxes?<br \/>\n48:09<br \/>\nIf you\u2019re smart about taxes And you know how to do it, and you\u2019re comfortable doing it, OK?<br \/>\n48:14<br \/>\nBut I would caution you on this: It\u2019s a good idea. It\u2019s a good habit to delegate it. It\u2019s great that you know how to do it, but that just means that when it\u2019s done for you, don\u2019t let that individual file for you, by the way. Make sure that you review it and file it yourself.<br \/>\n48:26<br \/>\nBut you can review someone else\u2019s work.<br \/>\n48:28<br \/>\nThat\u2019s a better use of your time, OK?<br \/>\n48:30<br \/>\nDelegate, Delegate things like you know your accounting, your web design, even copywriting.<br \/>\n48:37<br \/>\nI\u2019ll write up the template of a copy, like I\u2019ll spend five minutes writing some copy, if I\u2019m gonna advertize something on a website, and I\u2019ll pay somebody $100 or even one thousand dollars Rewrite my copy to make it better.<br \/>\n48:49<br \/>\nAnd he\u2019ll usually do a pretty good job, OK? So, shipping, you want to outsource that, not Outsource, but I mean delegate that in some way where you\u2019re not spending your time doing shipping, OK?<br \/>\n48:59<br \/>\nPacking things up and sealing things and reprinting labels, there are services for that, OK?<br \/>\n49:04<br \/>\nSo, on the taxes, my real, if you really want to make this, you know, something that\u2019s a tool that you can make money with, and somewhat enjoy it, OK, Have someone else do your taxes? If you don\u2019t like CPAs, use a bookkeeper, I love using bookkeepers.<br \/>\n49:19<br \/>\nI like finding bookkeepers that if they know accounting skills, and I have them do a balance sheet for me, I don\u2019t need a CPA.<br \/>\n49:27<br \/>\nAnd if you need to know an address, I\u2019ll do mail forwarding and all that other stuff.<br \/>\n49:32<br \/>\nThere\u2019s many services out there. Open virtual Offices. one of them. Here\u2019s another one.<br \/>\n49:37<br \/>\nI posted to show you guys this real quick.<br \/>\n49:40<br \/>\nSure.<br \/>\n49:44<br \/>\nYes, I Postal, Pretty good. Trade secrets V, I know you can\u2019t do this. ***** holes. So what do I do? So, I think a client, let\u2019s say, you know, John, I, we love incorporating in New Mexico. We love incorporating in Wyoming PA, there\u2019s some of the states that we love and co-operating in.<br \/>\n50:01<br \/>\nSo we need, let\u2019s say, let\u2019s just say I need, like a Wyoming addressed, or, or, let\u2019s say New Mexico address, right?<br \/>\n50:06<br \/>\nI\u2019ll go to, like I, postal one dot com, go to view locations, I cannot international US.<br \/>\n50:12<br \/>\nAnd I\u2019ll just click on me, go to.<br \/>\n50:18<br \/>\nOh!<br \/>\n50:21<br \/>\nRight. Oh, there it is.<br \/>\n50:23<br \/>\nI can get this now, So when someone, I\u2019m opening a business account, or when I\u2019m applying for business credit, they pump into this address, and all of a sudden they see awful 301 Lang Avenue.<br \/>\n50:35<br \/>\nOh north-east Sweden OK, he has a real business office.<br \/>\n50:40<br \/>\nYou 10 bucks a month.<br \/>\n50:42<br \/>\nRight. Prestige \u2026, 40 bucks a month, domestic floating of documents and patches and a lot of them also have costs.<br \/>\n50:48<br \/>\nWhen they call that number, you give them a business that was linked to this.<br \/>\n50:53<br \/>\nAn actual person will say, Oh, yes, hi, so And so business can help you. Oh, you\u2019re looking for John Smith, he\u2019s not here.<br \/>\n50:59<br \/>\nI can take a message or forward the message to them, or whatever, right?<br \/>\n51:04<br \/>\nIt\u2019s legit, so there, so you want a business, lender, is looking to extend credit to, You\u2019re going to look at stuff like this.<br \/>\n51:14<br \/>\nThey\u2019re gonna look at, list yourself.<br \/>\n51:16<br \/>\nThey\u2019re gonna look at the, you know, start a business address. They\u2019re going to triangulate all this. That\u2019s what creates, you know, credence credibility, company, but that\u2019s just, I mean, this is a cost, it\u2019s a very cheap and effective way of doing it.<br \/>\n51:32<br \/>\nThis is what spreaders.<br \/>\n51:34<br \/>\nThat\u2019s right. Yeah, and then it\u2019s just a matter of getting some suppliers. So at first, when you start something, expect to spend some time. I mean, I\u2019ve, I\u2019ve done this 60, 80 hours a week, just busting my **** on something.<br \/>\n51:45<br \/>\nBut then after a while it kind of tapers off and literally I have literally done things where for years on end I would work four hours a week and make a million dollars a year and sometimes that requires hiring 12 people or 15 people or not. It depends on what, what you\u2019re doing. It can be done.<br \/>\n52:07<br \/>\nAnybody else have any questions?<br \/>\n52:10<br \/>\nNow\u2019s the time for the Q&#038;A.<br \/>\n52:14<br \/>\n7, one last thing I\u2019ll add is, questions you avoid making decisions in your business about, about centered around tax breaks.<br \/>\n52:24<br \/>\nOK, Make decisions based on how your business is going to turnover, hire conversion from your capital, OK?<br \/>\n52:35<br \/>\nIf you put money out here, you\u2019re gonna get so much capital back, that should be the basis of your decision making, not, am I going to qualify for tax deduction? The tax deduction, it should be as a matter, of course. It just happens to come out that way, OK?<br \/>\n52:47<br \/>\nThen then you\u2019re going to make better decisions, and you will be you will be making more money later. Instead of trying to save money, you want to try to make more money.<br \/>\n52:58<br \/>\nAnybody else have any questions?<br \/>\n53:00<br \/>\nAny specific suggestions, Financial, Crypto consulting, LLC, Kami, \u2026, you gotta be careful, man. Alex, I\u2019ll tell you right now, Alex, and over in the chat, I\u2019ll tell you right now.<br \/>\n53:14<br \/>\nAs someone right now who has a lot of relationships with institutional crypto, everything from OTC desks to liquidity providers to institutions, there\u2019s a lot of regulation coming down.<br \/>\n53:28<br \/>\nAnd between us, people that are here on this board, I will tell you right now that, you know, I\u2019m launching an exchange. Next generation wallet.<br \/>\n53:41<br \/>\nWe\u2019re, know, putting together a trade coin, the whole utility token.<br \/>\n53:45<br \/>\nI\u2019m offshoring.<br \/>\n53:48<br \/>\nJohn I don\u2019t know if I got a chance, but we have come to the conclusion that the only way we\u2019re going to survive OK, just off shore. Yeah, I wondered about that. If that was necessary, OK, it\u2019s gotten so crazy. OK, like, I wouldn\u2019t.<br \/>\n54:00<br \/>\nI mean, if you\u2019re going to, well, here\u2019s the deal.<br \/>\n54:04<br \/>\nAlex, if you really want to be a financial crypto consulting, right, LLC, I would suggest, because the way that the language is being worded by, not only FinCEN, not only SEC, CFTC and FINRA, but also the IRS and the Department of Justice, mm, OK?<br \/>\n54:27<br \/>\nThe way the wording is being crafted, they are literally taking it as if it is a financial instrument.<br \/>\n54:37<br \/>\nSo, therefore, if you\u2019re going to comment on it, I would highly suggest you go out just to cover your ****, get a series six, I\u2019ll get a series.<br \/>\n54:49<br \/>\nI think it\u2019s a series 53 or 54, I don\u2019t remember. But it allows you to comment on stocks.<br \/>\n54:57<br \/>\nIt allows you to recommend financial instruments and products, um, without actually selling them, OK, because when you sell them, that\u2019s the reason why I say that. It says, you\u2019re going to future proof yourself.<br \/>\n55:12<br \/>\nSo right now, if you want to do a consulting and Kami, for me, for the LLC, go for it.<br \/>\n55:17<br \/>\nYou\u2019ll have a window of opportunity to, you know, come out to the guns blazing and make money.<br \/>\n55:21<br \/>\nBut the clamping down is happening as we speak intrusion detection.<br \/>\n55:27<br \/>\nChoose your jurisdiction. I know that you want to get that exact Get the **** out of California and New York. When I work with people in New York, I give them a new ID and a new address in Pennsylvania. And then you can do there, Yeah, so if you\u2019re in California, don\u2019t identify as being in California.<br \/>\n55:42<br \/>\nYou can, you can make it look like your residence is in Wyoming or Colorado, it doesn\u2019t really matter, because it\u2019s all virtual.<br \/>\n55:49<br \/>\nSo, there\u2019s, there\u2019s a process there, OK.<br \/>\n55:52<br \/>\nSo, like B is saying try to avoid being in a situation where there\u2019s lots of regulatory compliance issues like the United States is the biggest group of pirates on the planet. It is, no one says you have to do the consulting from California. You can be in Wyoming PA, Yeah, you could be in a different country or you could be in a different state.<br \/>\n56:11<br \/>\nUtah nobody cares, right, so just consider those two also And now we can we can tell you how to do that on the web, another question.<br \/>\n56:30<br \/>\nCan you talk about bankruptcy with an LLC?<br \/>\n56:32<br \/>\nYou can buy with an LLC. That\u2019s not a problem. set up a business account. If you need to buy crypto by directly through me, I can hook you guys, up, it\u2019s not a problem.<br \/>\n56:39<br \/>\nThen it won\u2019t matter, because he\u2019s not gonna, yeah, there\u2019s no reporting, but there\u2019s no one involved. Yeah, if you\u2019re dealing with the reporting party, like Coinbase just open an account with your LLC a Coinbase it\u2019s that simple.<br \/>\n56:52<br \/>\nAnd.<br \/>\n56:55<br \/>\nQuestion about paying myself. Glad up.<br \/>\n56:58<br \/>\nSo Ponyo as a question about paying himself for business.<br \/>\n57:05<br \/>\nDid you want to ask them specifically?<br \/>\n57:08<br \/>\nI think you\u2019ll hear me.<br \/>\n57:09<br \/>\nOh, yeah. Yeah. Sorry about that. Um, yeah. So like I mean, my wife, we open this business 13 years ago, so I\u2019ve never paid myself.<br \/>\n57:17<br \/>\nIs that something that I should be doing and I guess, going back to what you said before, like, don\u2019t try and like get away from the Tahoe Taxiing. I guess that\u2019s why I did that.<br \/>\n57:29<br \/>\nTo begin with, but we weren\u2019t making, We just put all the money back into the bay from the get go. We still are. You know, that makes sense, if you\u2019re feeling the business, I\u2019ve done that too. Where you just keep pumping, backend you\u2019re not taking any money out. Keep coming back here, but don\u2019t know if I gotta go by sounds, and if I could buy groceries, I use the company cart or whatever, I\u2019ll write it off. Yeah, yeah. Yeah, if you go overseas, yeah, me too. If you go get groceries with the company, then that\u2019s just your money, that\u2019s part of your paycheck and know that you don\u2019t need a WSU for that.<br \/>\n57:56<br \/>\nYou just declare it on your 10 40, It\u2019s probably better than I do that, and then rather claim file taxes that they pay them. Yeah, I\u2019m saying if your if your LLC is not falling returns, then make sure that any personal use of that LLC money is going to be reported as your income, and you don\u2019t need a 1099 or a WTO to go with it. Just, click OK. Just keep track of it, you know, find an easy way to keep track of it, like a credit card or a debit card or something like that. Yeah, exactly. A textile Z I. Gotcha.<br \/>\n58:21<br \/>\nYep, OK, cool. Thank you so much.<br \/>\n58:23<br \/>\nNo problem.<br \/>\n58:24<br \/>\nAll right, Anybody else have any questions here?<br \/>\n58:34<br \/>\nAlex, you might like what John said, you wanna get out of that jurisdiction. You know, you want to get into something more crypto friendly. Wyoming is great man. Wyoming is right now the Crypto Mecca of the United States. So you want to check that out.<br \/>\n58:50<br \/>\nI never heard about the Fed dollars and the kryptos that crop was asking about Fed is paying for Golding digital dollars.<br \/>\n58:59<br \/>\nOK said that, it\u2019s up further up at 355 Mark.<br \/>\n59:05<br \/>\nHow can these the digital dollars be converted to you on? I don\u2019t know.<br \/>\n59:09<br \/>\nYou probably know the there are deals where the Fed is paying for gold and digital dollars, How can these fed digital dollars?<br \/>\n59:21<br \/>\nDeals with the Fed is painful, digital dollars.<br \/>\n59:25<br \/>\nWell, dollars are digital, I think people are thinking that the Fed has some sort of a digital cryptocurrency dollars have been majority of dollars floating 90% of dollars floating around out, there is digital.<br \/>\n59:35<br \/>\nIt\u2019s all just one zeros on a computer screen.<br \/>\n59:38<br \/>\nThere\u2019s no actual physical cache.<br \/>\n59:40<br \/>\nI think about 10% of money supply is actually physical cash, national digital to begin with. How can how can the Fed.<br \/>\n59:48<br \/>\nConvert it to Yuan.<br \/>\n59:50<br \/>\nI don\u2019t understand your question prop I mean there\u2019s there\u2019s swap lines with with various country countries all through the Fed wire.<br \/>\n59:59<br \/>\nThere\u2019s no reason for the dollar to be converted to Yuan?<br \/>\n1:00:02<br \/>\nThere\u2019s no the reason for that, he wants a weak currency.<br \/>\n1:00:06<br \/>\nYeah. I don\u2019t know why you want to do that.<br \/>\n1:00:11<br \/>\nAnyway, any other questions, folks?<br \/>\n1:00:13<br \/>\nAbout NaN and if not, thank you all for joining us.<br \/>\n1:00:19<br \/>\nAgain, I\u2019m going to put John\u2019s e-mail in there real quick and then singleton press at proton now.<br \/>\n1:00:32<br \/>\nThen mine is the gorilla G, R.<br \/>\n1:00:37<br \/>\nOr law.<br \/>\n1:00:39<br \/>\nHonest.<br \/>\n1:00:43<br \/>\nThe gorilla in the Economist.<br \/>\n1:00:46<br \/>\nSo those are our e-mails you can reach out to us. John does a lot of the business coaching. He will help you with that. If you need asset protection.<br \/>\n1:00:52<br \/>\nYou got no some predators and collectors coming after you John is the man to kick them in the nuts if you need funding and how to setup your business operations and all that other stuff.<br \/>\n1:01:05<br \/>\nOr, you know, just to get business credit done, the quick and dirty way, you can contact me about that.<br \/>\n1:01:11<br \/>\nOr if you need kryptos Buy Gold and he got Bimetal Precious Metals. Well, John, you got to say my next time. I think correct me if I\u2019m wrong. I mean, we could change it. But what I\u2019m thinking is, I do have a few people that want to know about this private membership association idea. Yes. So maybe we\u2019re going to hit that real hard next time. Yes! I think, Yeah! I think we should show them how to do it soup to nuts.<br \/>\n1:01:36<br \/>\nAnd you have all presentation.<br \/>\n1:01:39<br \/>\nI\u2019ve been re-organizing businesses lately so they don\u2019t have to comply with the the illegal mask practices, OK?<br \/>\n1:01:46<br \/>\nusing a PMA, so it\u2019s very powerful.<br \/>\n1:01:53<br \/>\nJan \u2026: We just put the e-mails in what I do, oh wait, wait, wait, made a mistake. I\u2019m sorry.<br \/>\n1:02:01<br \/>\nHere we go. My fault, guys, my fault, here we go.<br \/>\n1:02:04<br \/>\nJohn\u2019s e-mail is singleton for us.<br \/>\n1:02:07<br \/>\nI\u2019m just gonna press full-time.<br \/>\n1:02:15<br \/>\nThan mine as Gorilla.<br \/>\n1:02:18<br \/>\nTunnel nests.<br \/>\n1:02:22<br \/>\nYeah, That\u2019s our stuff.<br \/>\n1:02:25<br \/>\nAll right?<br \/>\n1:02:28<br \/>\nWell, good work. They appreciate it. I think we\u2019ve covered a lot of ground today.<br \/>\n1:02:31<br \/>\nYes, we did. Yes, we did.<br \/>\n1:02:33<br \/>\nSo I\u2019ll probably, next week or so, will Will will set third seminar. We\u2019ll we\u2019ll get into deeper to the PMA stuff. All right. All right. Thank you all for listening in. Contact us. E-mail us if you have any questions. It\u2019s there, John. You can reach him at Singleton Press, add proton mail dot com.<br \/>\n1:02:49<br \/>\nAnd the monkey, man, you can get me overhead Gorilla economist at Gmail right there. Thank you all for listening in.<br \/>\n1:02:55<br \/>\nThis is the gorilla.<br \/>\n1:02:57<br \/>\nAnd he is the man.<br \/>\n1:02:59<br \/>\nWe\u2019re over.<\/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-d67daa1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d67daa1\" 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-acb2f5b\" data-id=\"acb2f5b\" 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-59fb164 elementor-widget elementor-widget-spacer\" data-id=\"59fb164\" 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-aaf893c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aaf893c\" 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-79585fd\" data-id=\"79585fd\" 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-ea82ed3 elementor-widget elementor-widget-text-editor\" data-id=\"ea82ed3\" 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 seminar hosts, the Guerrilla Economists and John Singleton, discussed strategies and insights related to the entrepreneurial lifestyle.<br \/>2. They encouraged listeners to have a proactive mindset, covering aspects such as how to leverage business credit and work with suppliers to minimize borrowing.<br \/>3. They shared strategies on how to scout businesses filing for Chapter 11 re-organization, which might present opportunities for purchasing valuable assets at lower costs.<br \/>4. They discussed the importance of personal credit, especially when trying to secure a commercial lease agreement for business purposes.<br \/>5. A suggestion was made to utilize bankruptcy court records and eBay to source and sell items, offering an affordable way to start a business.<br \/>6. The speakers emphasized not getting hung up on costs such as registering an LLC, advising to focus first on making money and then transitioning the business into an LLC.<br \/>7. They shared insights about establishing business credit, suggesting beginning with a Net 30 account and gradually building up a business&#8217;s credit file.<br \/>8. They emphasized the power of leveraging personal knowledge and skills to market and improve businesses, highlighting the potential for lucrative partnerships.<br \/>9. The hosts recommended making immediate capital back by investing the first loan money in activities like advertising and optimizing websites for sales.<br \/>10. The discussion also covered taxation for businesses, and they recommended hiring a bookkeeper or a CPA familiar with the specific type of business. They advised writing off certain business-related expenses, such as part of home space, car, and insurance.<\/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-e768f2a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e768f2a\" 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-69d531a\" data-id=\"69d531a\" 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>U17 &#8211; StratLife &#8212; An Entrepreneur&#8217;s Lifestyle<\/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\/11621"}],"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=11621"}],"version-history":[{"count":6,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11621\/revisions"}],"predecessor-version":[{"id":25238,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/posts\/11621\/revisions\/25238"}],"wp:attachment":[{"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/media?parent=11621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/categories?post=11621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/privacyfight.io\/wp-json\/wp\/v2\/tags?post=11621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}