Him500 masterclass

Grossing over 60k a month

300 in recession proof made over 350k a year last year

Marcus Barney, him500 serial entrepreneur, philanthropist

learn how to turn credit to cashflow

Story

successful failed realtor. born in projects. bought homeless shelter. son was in jail. (never knew that)

own private jet, scaled jet. travel technology, closing on 5 mil in real estate when i close next transaction first week of February.

education program do well over 8 figures. 

Don't ask rich people for money, ask rich people for advice. 

I can't put a car of Turo make 5k a month, lifestyle is different. jet brings in 50k a month. 

I did IG live with

landed an hour ago and I'm in this call with you. I'm not afraid to work. 

3700 people in here. its Sunday, football games are on. 

Generational Wealth: Financial Foundation, Financial Literacy, Strategies & systems, Sparring Partners

Turn credit to cash, leverage it to create a business. This information travel from community to community. Strategy and systems is how to do it. resources, and information on tonight's call. Sparring partners. who holds you accountable? what are they accomplishing? what are they doing to help you be successful?

I'm making a million and this is how I'm doing it. Got 800 credit score, taking kids on family vacations. I'm pouring into my children, only person is Alaka. Alaka and me taking the course and being motivated around there.

I have something for them to build off. Most people been misinformed about good credit. 

due date- pay (payment history)

statement day- reflect on credit card utilization (needs to be low by your statement date)

reporting date- date it reports to the credit bureaus

How to remove negative items:

bankruptcies

negative items, credit reporting agencies, how do you remove negative items, 

unverifiable and inaccurate. 

CBD, can go on their website to remove inquiries.

Age of Credit:

At least 5 years of credit history. How do we build it out?

student loans. good part, number of accounts and also with our age. 

If you pay them off, credit score drops. 

who got student loans and high limit credit cards? over 5k, me. 

swap a lease, smart car pays you. 

cc allows you to change the due date. 15k in available limit. combine limits

25k change to 24th, other ones change to 10th. 

use quickbooks can leverage pay yourself for business expenses. pay it back. pay invoices, to self or reinforcements. pull money off quickbooks. 

Alliant gives you high limit credit cards. 

another round: american express doesnt care about inquiries so keepfor last.

boa hits equifax, gives 2 credit cards. get 2 business cards with 0 percent interest with 1 inquiry.

llc, ein, duns, namecheck.com to see what names they have.

18 months 0 percent cards. apply for American express gold business. then delta, then 5 more with american express they only use 1 credit card. 

How to get capital out of Real estate tonight?

credit to cash business: 

tradeline, funding, real estate, and trucking

after 6 months, can add as authorized user. charge $650. leave them there for 60 days. 

10 at 650 is 6500. if you have 2 cc, that's 40k a year. 80k with 4 ccs. (where are you getting these customers?)

1400 a month with smart car play.  16800 per year. 

ramel, helps with storage facilities. heavy cashflow. building a portfolio of real estate at 5 mil. 

I want heavy cashflow. go and buy apartment building or real estate homes. 

STORAGE FACILITIES, 40 to 80 percent profit margins. (?) I must own real estate. 

1 employee, profit margins are much higher. 750k, 500k but cashflowing at 120k a year. 

SBA get a SBA 7a loan, cover up to 90 percent on storage facility. You come up with 10 percent. 

and 680 credit score, cant make more than 5 million a year. 6-700k to be profitable. 10 percent 70k.

Go to turocalculator.com

livestream, apply for car loan.  put car on turo, calculator tells you how much. 

photobably certificate, start a drip business, vitamin drip business deliver to people's homes. 

if they dont pay the rent, i auction off the belongings and make more than what they owe me. 

https://www.bizbuysell.com/ is website to buy businessess. 

Trucking business, i charge people to advertise on trucks. 

build reward points, puts bills on the cards. use reward points to get over your overhead. 

2020 i got dream home, dream cars. you gonna get it out your system. You can drive your dream car for free with Turo. 

insurance:

self funded 401k as enterpreneaur once we have cashflow.