Establishing business credit is important for many reasons. First of all, your business credit score is separate from your personal credit score. This means that you are mitigating risk. Both business and personal credit profiles value on time payments above all else, but business credit is less concerned with utilization. This means that you can actually use your available credit without putting yourself on a credit score roller coaster. As long as you have a good personal credit profile, you will usually be able to get more cash if you really need it. This can protect you from getting into a bad spot due to factors outside of your control. At first you will have to use your personal profile to qualify for business credit but eventually, you can qualify for EIN only loans. This means SBA loans, car loans to your business and much more. The steps that you take toward establishing business credit are the same steps that you take toward truly separating business from personal finances. This means maximizing the tax deductions that you are entitled to as a business owner, more stable financial planning and long term strategies like tax free retirement and generational wealth. Leave a comment here if this is something you would like to discuss more.

Nothing is free, there is always a pricetag, even if it’s just an email address or 60 seconds of your attention. Or maybe you have to pay some money up front to get access to the opportunity. The important question is what does it cost? Or better yet, what does it cost you not to? After I learn about your situation and your concerns, I may make suggestions. My suggestions are meant to not cost you anything if you take them. Let me give you an example. To make a living trust for your estate plan, you may have to pay $1,000 to $3,500. If you have any assets but do not have a trust, just the initial cost of a probate attorney will be $25,000 minimum, it may take 2 years for them to finish the process before your heirs get anything at all. If you have a trust, the trustee immediately takes control of the assets and avoids all that hassle. So ask yourself, the price is $1,000 but does it cost you anything? What is the cost of not paying for the trust?

@Faith Raymon and @Evelyn Carter introduce yourselves in a new post and comment on some others. Let us know what you’re seeking and what you can offer. This is a young community so everyone’s input is super valuable.

@Sham Marcin @Jonathan Amador @Lara Sloan @Ellen Tina introduce yourselves and jump in the conversation. Thank you all for being here

They both demand that you believe in something that you can not see