May 14 • General discussion
Post-Tax Strategy: Big Money Moves 📈
Now that tax season is behind us, I’m shifting gears. I'm preparing for Big Money Moves, this is usually a time where I sell or purchase a vehicle or property, I just haven't quite decided the direction yet.
I wanted to share how I’m auditing my own setup to prepare for more funding and better leverage:
- I’m pulling my report from annualcreditreport.com (it’s 100% free). I’m not just glancing at the score. I’m hunting for errors and tracking exactly when old inquiries drop off. This tells me exactly when I’m ready to strike for that next $0% interest card or commercial property. I believe my last inquiry falls off next week! In the meantime, the credit stays FROZEN to avoid any unplanned credit pulls.
- I’m auditing every single expense. If I’m not using a subscription, it’s gone. Planning a "low-spend" month helps me keep the capital where it belongs: invested back into my business or paying me first. If I don't recalibrate with a no spend month before getting access to capital I could easily lose track of "expense" creep as it pertains to my business. Running lean is my priority!
- I’m currently restructuring to ensure I’m seen favorably by lenders. Unfortunately, my old business address went "bad" (it happens), so I’m locking in a new, compliant one to keep my profile solid. Did you know that when this happens your bank could shut you down? I had a horrifying moment where I woke up to a zero bank account, and it was all thanks to my address getting flagged on a short notice.
My goal right now is simple: Map out whether I need to Restructure debt, use OPM (Other People’s Money), or leverage personal credit to scale.
Do you have a big money move coming up? How are you preparing yourself and your business?
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Post-Tax Strategy: Big Money Moves 📈
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