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.

Hi every one my name's Jerome. Got a question aare these platforms free to obtain knowledge that I'm looking for or, is it a monthly subscription?

I believe in the capitalist economic system, but it’s not perfect. One of the problems with it is that it tells us that having more money and assets is a reflection of our value to society. That when we make a contribution then we are rewarded with money through the natural balance of the free market. Sometimes this does happen but not always, this is NOT a meritocracy. This philosophy assumes a level playing field which works out great for those whom it favors. Most people feel embarrassed to talk about it when they have bad credit or get into a hole. There are more people in the same boat than you think but they don’t want anyone to know. It’s not exactly block party small talk but if you are willing to talk about it with your friends, you never who will benefit.

This comes straight from Robert Kiyosaki. I heard him say this and it took me a few years of learning about how the money system works to understand what this really means. At first, I took it to be like a parable or a metaphor that was meant to make a point. I have come to learn that it is quite literal. Every single dollar, peso, yen, euro and every other type of legal tender is created as a loan with interest due. Only after knowing this could I begin to understand how money really works, it gave me a whole new world view. Let's talk about what that means to you, how you use money in your life and how it can help you reach financial certainty. The first big question is, if every dollar has interest due, then where is the interest supposed to come from?..... The simple answer is that someone is going to have to lose, this is why the system always feels rigged. If you were not born rich, the system is designed for you to fail. In the US, there are three ways that new money is created. There is government debt, the Federal Reserve creates money and loans it to the government so that they can continue their operations. And there is personal debt that is issued when you buy a home or get a credit card. The third is business loans. When the government borrows money, it is an interest only loan. This is the purpose of income tax, the government is collecting the revenue to pay the interest on the loan they got. As long as they keep paying, they can keep borrowing more, this is the reason that the deficit will only continue to grow. What most people do not know is that when the bank is loaning you money for a home, they are creating new money, the same is true for your credit card balance. We are taught to believe that the bank is loaning out all the money they have on hand from everyones deposits but this is not true. They are simply making an accounting entry into your account. As everyone knows, when you get a home loan, it is secured by the real property so the bank can sell the home to recoup their "losses". Essentially what this means is that the interest on those loans is being paid by those who lose their homes to foreclosure. With credit cards, I think we all know where that interest is coming from.

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