The American Dream, What It Really Costs!

A report from Fortune states that Research shows cost of American Dream Staggering; The American Dream cost over $1 million more than most
Americans will make in their lifetime, a potential $4.4 million.
$4.4 Million dollars is nearly $1 million more than most Americans will earn in their lifetimes.

Top 10% of Americans have a household median net worth of about $3.8 Millon.
The American Dream cost
The report noted that Americans need to start saving from the moment they land their first job out of college at 22 years old and continue saving until they reach 65 in order to retire comfortably (or pay for assisted living later in life).

That is, if they want to be able to live off the recommended 4% withdrawal each year—or roughly $64,000 for 20 years.

Retirement: $1,599,995
Owning a home: $929,955
Raising two children plus college: $832,172
Owning a new car: $811,440
Yearly vacation: $179,109
Wedding: $44,300
Pets: $36,626
Funeral: $8,453

Total: $4,442,050

The Money Game

20 Money Rules

  1. Money is a Game = The more you play the better you will get
  2. Don’t Be A Hater of Money = If you hate money money will evade you
  3. Double = Its about doubling your money the entire game
    A. $1000 B. $2000 C. $4000 D. $8000 E. $16000 F. $32000 G. $64000 H. $128,000 I. $256,000 J. $512,000 K. $1,024,000 L. $2,048,000 M. $4,096,000 N. $8,192,000
    Risk tolerance and Time Horizon
  4. Seduction = Money doesn’t like desperate people, Money likes to be seduced. Don’t let money seduce you you seduce money
  5. Timing = Using information to determine your timing, of when you act
  6. Boredom = Money needs to be moved, money doesn’t like to be bored
  7. Secret Account = An account no ones knows about, a crisis account needs to be liquid
  8. First Class = Don’t fly first class till you have $10mill in the bank
  9. Compensation Plan = Study how you are taxed, understand it and utilize it to your advantage to grow your wealth
  10. See an End, Have an Exit Strategy, Chicken little Mentality = Learn to take advantage of Fear, and be liquid when the end comes
  11. POTUS/Politicians = Know who they are and study them their philosophies, etc If their philosophy is to tax you heavily you need to adjust
  12. Study smart investors = Don’t be too religious about them, learn their way of thinking, their mind set
  13. Play your game, don’t compare, don’t compete = In your doubles you are where you are and others are where they are, you will lose doubles by making reckless decisions
  14. Index = Achieve your goals, don’t worry about the index
  15. Befriend Money makers that you trust = If you around people who know how to make money you will make money
  16. Diversification is for Sissies = If you just rely on diversification the time may take extremely longer
  17. Leverage = How can you leverage to have more
  18. Positioning = Put your self in a position to be at an advantage, not a disadvantage
  19. Strategic Partnerships = Increases the value of making money, because more people are making money with you
  20. Big Check Syndrome = Don’t treat one big check as a major payday, treat is as a stipend over the course of each month. No matter how much you have is irrelevant if you don’t know how to play the money game.

UHA Pros & Cons

Universal HomeOwnership in America

Assumptions:

  1. The existing population of 360 million remains unchanged.
  2. Currently homeless individuals are provided with homes under UHA.
  3. All housing is owned, not rented.
  4. No significant changes in the economy or geopolitical landscape outside America.

Geopolitical Consequences:

  1. Stable Housing Environment: A more stable living environment may reduce social unrest and political instability associated with homelessness and temporary housing solutions.
  2. Reduced Pressure on Refugee Policies: With fewer homeless individuals, there would be less pressure to accept refugees as a solution for affordable housing shortages.
  3. Potential Increase in National Pride: Homeownership is often associated with a sense of pride, stability, and belonging, which could contribute to increased national identity and social cohesion.

Economic Consequences:

  1. Increased Consumer Spending: With the elimination of rent payments, households may have more disposable income for other expenses like consumer goods or services, boosting economic growth.
  2. Potential Housing Market Stabilization: By eliminating the renter-landlord dynamic, the housing market may become more stable and less volatile. However, it could also lead to an overheated housing market if supply does not keep pace with demand.
  3. Potential Decrease in Real Estate Investment Opportunities: With fewer rental properties available, traditional real estate investment strategies would need to adapt. This could include a shift towards commercial and non-residential property investments.
  4. Increased Mortgage Lending: To meet the increased housing demand, mortgage lenders may need to expand their offerings, potentially leading to more flexible lending practices.
  5. Possible Inflation: If supply cannot keep pace with the increased demand for homes, inflation in the housing market could occur, making homes less affordable over time.

Social Consequences:

  1. Enhanced Community Stability: Homeownership often leads to longer-term residency and stronger community ties, fostering more stable neighborhoods.
  2. Potential Reduction in Mobility: With fewer rental options available, people may be less likely to move around the country, potentially leading to regional economic disparities if some areas are more attractive than others.
  3. Greater Financial Security: Homeownership can provide a sense of financial security and wealth accumulation through home equity. However, this could also lead to over-leveraged households in an overheated housing market.
  4. Increased Social Cohesion: With more people invested in their communities through homeownership, there may be stronger social ties and increased community involvement.
  5. Potential Disparities: While everyone would own a home, disparities could still exist between the quality of homes owned, property taxes paid, and maintenance costs. This could widen the wealth gap if some households struggle to maintain their properties or pay associated costs.

Welcome

Hi Guys!

As many of you may already know we have been around educating people on the fundamentals of financial literacy and wealth building since 2008. Our programs host some of the most valuable and practical educational curriculums around. We pride ourselves on providing you with current information in which ever course you attend, and simple to follow, learn at your own pace instructions, which are sure to get you results.

“You don’t have to be first, but by golly you need to be your best!”.

AWESOME COURSES

From our Wealth Building through Financial Literacy Course, to our 800 Club training, and Credit Hacks, Bank Hacks, and The Serial Entrepreneur. We believe you would be hard pressed to find another as good or better than what we offer!

Our heavy focus on wealth building and financial freedom through financial independence is at the heart of our courses.

You see we believe Wealth in itself is obtainable for all who seek it, with diligence, persistence, and through sound application of the laws, principals, and theories which govern it, any man or woman may obtain that great elusive siren known as “Fortune.” As she is not a koi spirit and only favors those who understand her true nature..

Building your wealth starts and ends with you, it’s a complete commitment to a lifestyle which you have total control over. Through paying yourself first, putting your earnings to work, and following other sound principals lady fortune has no choice but to ceed to your whim.

OUR COURSES

Wealth Building Through Financial Literacy. Teaches the principals and universal laws which encompass the blue print which just about anyone can use to accomplish true Financial Freedom. It is the most comprehensive course on Financial Literacy ever assembled, you will get a full 4 year elite business school worth of material which you will be able to cover in half the time.

The 800 Club, credit is all the rave in many developed world financial systems and one of the greatest achievements one can obtain in these systems is to be apart of the legendary 800 Fico score club. Our course provides a step by step guide to follow which will lead to an ultimate path of becoming one of the elite 800 Fico score club members.

Hack Your Bank; In this course we teach you the behind the scenes inner workings of those financial institutions who seem to be the gatekeepers to obtaining loans, credit cards, mortgages, business financing and so much more.

Hack Your Credit; It seems like the ever changing standards which the major credit bureaus grade us all by are simply impossible to master, however in this course we actually teach you the fundamentals which is the same algorithms utilized to calculate the scores, which determine your financial future, are based on.

The Serial Entrepreneur coming soon, promises to be a winners guide to navigating earning in the 21st century, by taking advantage of the convince and ease which technology had allowed.

Contact Us Today About our educational Courses and Credit Services.

Join our community of Financially Wealth Minded Individuals striving for true financial independence today by Subscribing to our financial weekly newsletter, and joining our community.

We welcome all wealth minded individuals seeking like minded minds.

Investing = A method of purchasing assets to gain profit in the form of reasonably predictable income (dividends, interest, or rentals) and/or appreciation over the long term.

B.O.I. Report

The Beneficial Ownership Information Report

How does a reporting company report a corporate trustee as a beneficial owner?
For purposes of this question, “corporate trustee” means a legal entity rather than
an individual exercising the powers of a trustee in a trust arrangement.
If a reporting company’s ownership interests are owned or controlled through
a trust arrangement with a corporate trustee, the reporting company should
determine whether any of the corporate trustee’s individual beneficial owners
indirectly own or control at least 25 percent of the ownership interests of the
reporting company through their ownership interests in the corporate trustee.

  • For example, if an individual owns 60 percent of the corporate trustee of a
    trust, and that trust holds 50 percent of a reporting company’s ownership
    interests, then the individual owns or controls 30 percent (60 percent × 50
    percent = 30 percent) of the reporting company’s ownership interests and is
    therefore a beneficial owner of the reporting company.
  • By contrast, if the same trust only holds 30 percent of the reporting
    company’s ownership interests, the same individual corporate trustee owner
    only owns or controls 18 percent (60 percent × 30 percent = 18 percent) of
    the reporting company, and thus is not a beneficial owner of the reporting
    company by virtue of ownership or control of ownership interests.
    The reporting company may, but is not required to, report the name of the corporate
    trustee in lieu of information about an individual beneficial owner only if all of the
    following three conditions are met:
  • the corporate trustee is an entity that is exempt from the reporting
    requirements;
  • the individual beneficial owner owns or controls at least 25 percent of
    ownership interests in the reporting company only by virtue of ownership
    interests in the corporate trustee; and
  • the individual beneficial owner does not exercise substantial control over the
    reporting company.

Corporate Entities:
Statutory Trust
Business Trust
Foundation
Not created by the filing of a document with the secretary of state or similar office

What is it?
Which law governs these requests? The Corporate Transparency Act
Who qualifies for exemptions?
How do you file? File a report using the BOI E-filing system.
How do I get a FinCEN ID? Create a FinCen id (optional)

Mastering Consumer Awareness: 10 Sales Tactics to Recognize

Being a Better Consumer 

Knowing what to look for when someone is selling you something. 
A common adage in the sales world besides the ABCs of selling which translates for those of you who may not already know into Always Be Closing, is If the product is free then you are the product. So what are the tale tells of someone attempting to sell you something. In this short diatribe on Being a Better Consumer, which also means being better informed, ill give you my top ten signs to look out for when someone is trying to sell you something.

Number Ten: Secrets, Mysteries, Best, Mystical, Scientific, each and everyone of these words excite a reaction within the readers mind which not only thrills him or her, but mentally disarms the reader, psychologically causes the reader to drop their guards for a moment as such trigger words like; scientifically proven, medically approved, or government sponsored relays a sense of security in the mind of the reader. Each one of these are simply trigger words intended to disarm you. When a news report flashes and the headline or tagline states the government is backing this, or medical science has proven this, we as a consumer class have been conditioned to accept these triggers as validating terms. This puts our minds in a less tense mode allowing the pitch to go from insinuative to blatant. See once we know there’s scientific research backing this product we are less likely to challenge its claims, or even question its true value. 

Number Nine: Trip wires are what marketers call things which catch a consumer up so that he or she can be sold something else. So for instance since google is the worlds largest search engine, which has developed a database robust with keywords or better yet metadata, which can not only collect informative information, but also generate predictive programming, Alphabet Inc knows that when you type into the search bar, “home improvement”, “Bar”, “kitchen cabinet”, and the like that you are in the process of or thinking about redecorating your property. So your information is traded, bartered, and sold to the highest bidders and they can set traps which will trip you up to be redirected to their products which may have not even been on your mind to begin with. Example: So you searched for a swimming pool for your backyard. The trip wire is; Free ebook on, “The Ten Best Ways to Find a Contractor for Your Home Pool.” However when you get through divulging your personal information to the company for their free ebook, you start receiving all kinds of promo and advertisements about backyard spas, and barbecue grills, patios, and the likes. This is the exact purpose of a tripwire to offer you something you can’t refuse, so they may later sell you something you may not really even want.

Number Eight: Keeping up with the Jones’ or more likely today the Kardashians, Everyone else is doing it, You’re not in the loop, You’re not cool if you’re not down. Each and everyone of these methods we will simply call “Shaming.” The thing about sales, is that you as the salesman or company selling the product, is that you create a problem and provide the solution all in one swoop. However as a conscious and better informed consumer, you can realistically access your own personal situation to infer whether the so called problem is actually a problem which exist in your world. You may see a subliminal ad for a product which is suppose to cause you to loose weight, now is excess weight a problem for most people yes, and not because this company says it is but because we all would most likely like to loose a few pounds at some point in our lives this is human conditioning, But is it a real problem in “YOUR” life. Is excess weight holding you back from anything in your life, is it slowing you down, is it causing you to pay more in medical insurance, treatment, or the likes, if not it really isn’t a problem, its a slight inconvenience. However the company pushing you their dicey weight loss miracle “solution”, will so strategically, and craftily convince you that it is.  

Number Seven: The Thing You Didn’t Know You Didn’t Know, we will call this technique “Smarter Than Thou.” So you didn’t know that an astronomical number of Americans suffer from lack of sleep at night, its so bad that you are suffering from it too, just never really realized it. The reason is “rapid racing thoughts syndrome,” but with the new Serenity bot, a well designed peace invoking Artificial Intelligent, bot you will sleep like you’ve never rested before. With seven different modes to rapidly take you through the various cycles of R.E.M sleep you will be able to fall asleep long before your head ever hits the pillow. (Disclaimer this is not a real ad simply a hypothetical one, however I’m sure that I wouldn’t have to look to far online to find something very close to this one, promising something similar.) The point is you didn’t even realize the lack of sleep in America was that bad, everyone of us according to this ad are simply walking zombies, and the only way to solve this problem once again according to this ad is to buy their most likely, overpriced, and unnecessary Artificial intelligent bot, which I guess sings to us in our sleep like our mothers use to when we were children. 

Number Six: “And I Promise You,” We will call this technique “Sweet Poison”, these four words in this combination are a dangerous statement waiting for disaster. Anytime someone has to promise you something, first off you should really take whatever comes after And I Promise You with a grain of salt but know immediately that they are attempting to sell you something. The something I am referring to in the sale isn’t always a physical product, more times than none the sale is usually an ideal. Most people on a daily basis want to sell you on the way they themselves think. They believe that if more people thought like them the world would be a better place. This is completely false and has been disproven every time a dictator has gained power. The world is a diverse place, and thrives on this diversity, when you attempt to stifle creativity, logic, or free thinking, you stifle growth. As well simply because you do agree with someone else ideal does not negate the fact that you are still entitled to have ideals about the same subject of your own. In every transaction a sale is made, either you yourself are sold on the other persons way of thinking, or you sell them some b.s. as to why you are not willing to submit to their way of thinking. 

Number Five: “The Sky is Falling technique”, there’s a little bit of chicken little in every advertisement, or sales person. They are rightfully trained to make the sale seem to fulfill an urgent need. This is done using various methods, the best one is “Act Now, Because this deal won’t last.” Hence the sky is falling, as if you don’t purchase today you will never have another opportunity to buy. Ask yourself, Why? Is the company going out of business, is it a fly by night, if they can afford to sell it for $99.99 today why will they not be able to afford to sell it for the same price a week from now, a month from now? All these are valid questions, and depending on which side you’re on you are answering these questions with what you think are valid responses, however since Im speaking specifically to consumers, the only valid conclusion you should reach is, oh because they want my money today, not tomorrow of a week from now even though they will take it then as well. 

Number Four: Webinars, Conventions, Expos, Showcases, Galas. Many of these are a new convention birthed from the traveling salesman concept or the world fairs. These are sure tell signs that someone is attempting to sell you something, when they attempt to teach you something you don’t know, or refresh something you already do know, usually comes with a sales pitch at the end to buy their course, their book, or their program. These online gimmicks are and can be pretty deceptive in the sense that you may fully have only the intention to learn, then you spend thirty minutes of your time listening to a sales pitch about how this information is going to change your life, only to be told in order to get the information you have to join a course, or buy a book. Not to say there is anything wrong with this method or any of the others previously mention, this is only to say that since the intention is not clearly stated before you invest your time, it is however deceptive. 

Number Three: Subliminal Messages. Many may say and even argue that these don’t exist or that that was a method used in the 60s and 70s and since government has banned these types of sales tactics. My rebuttal, they are much more alive than ever and finely tuned to the point of nearly perfection. When an attractive woman poses on her personal instagram feed or other popular social media, with a name brand tights on and a bottle of water from a company you’ve never heard of you can be sure she is subliminally attempting to introduce you to or reintroduce you to a product she hopes to sell you. As a film producer myself, a majority of our funds to produce the films come from brands, companies, and businesses wishing to advertise their products, so essentially television series, feature films, and shorts even at times are simply extended informercials. Products will be strategically placed throughout the film ensuring they catch your attention without causing any conscious recognition of the fact you are being sold to. You’ve already paid for a ticket to the film, or a monthly subscription to the service, but in order to recoup that $20,000,000 budget we need you to go out and buy, chevy, fashion nova, and the likes as well. 

Number Two: Propaganda; In short the concept in using propaganda to sell is to misdirect you. You see if I want you to buy, propaganda is a form of mind controlled coined by the late Edward Bernays, nephew to Sigmund Freud, he structured the craft, and today it is more or less called P.R. or public relations. You see our minds have been conditioned to work in very direct ways when stimulated by certain stimulus. If I put up an ad displaying a fast, luxurious, exotic vehicle cruising the streets of Monaco with an attractive woman or guy in the passenger seat, and at the end of this commercial tell you, this is not for you, you can not have this, for one reason or another your mind automatically wants it. This isn’t exactly the propagandas fault, but how they use this knowledge into coercing you to accepting something as truth which isn’t, is. 

and Number One: Free, this has been mentioned early on but deserves elaboration as it is the most common trip wire. 

Samples: We all know at the end of a sample comes an offering that’s obvious even expected, right, however what you may not know is that the product you are sampling isn’t necessarily the product the company wants to sell you on. So you go to a gas station and the sales man offers you a free sample of wax, which they tell you once you’ve gotten your car washed will show the true extent of the wax, so you pull up to purchase a $19.99 car wash and the salesman tells you hey for only $10.00s more a month you can have unlimited car washes. So it started with the sample of wax, which led to a monthly membership fee. This is the upset. Every company has a host of products or services which they break down into tiers. This is common convention for companies as they have specific products and services which are their bread and butter. With companies like McDonalds its not actually the Bigmac they are attempting to sell you, its actually the drink and fries, as these items are their bread and butter items. With companies like Netflix, its their premier service membership, and Amazon its their prime memberships, and on and on. Most companies give away a major product or service to sell you something which they have a higher profit margin on. A great example is the modern movie theater, well actually the theaters of the past would be a better model, as they would literally allow popular films to be exhibited at their theaters for literally pennies, as they worked to sell you their concessions. When you purchase a car, boat, or motorcycle, it isn’t the price of the vehicle the salesman is attempting to sale you on, but the monthly payments, as he knows the money is made on the interest rate they are able to give you. So in major purchase such as those previously mentioned, cars, boats, motorcycles, even houses, the sale isn’t the actual item, the sale is the loan, the longer, and higher terms an institution can get the better for them. This is evident by the fact that when you purchase your home, with a 30 year mortgage, it is highly unlikely that your lender will remain the same lender for that 30 year period. The initial lender will typically be the packaging firm who then turns and sells that mortgage on an open market for a profit. 

Theres an age old adage which says, “To name something for what it is, is to take its power.” Well I say that for a consumer its the exact opposite, to name something for what it is strips you of your power over it. To be able to name and recognize an Apple iPhone, iPad, or watch means you are inundated by Apples spell, this doesn’t mean you have to purchase their products or any other companies at that matter, but it does mean you have to choose, to or not. This chic is not true freedom, to have to choose between product, A, B, or C is not freedom you not have to make a choice at all is true freedom. 

Can you live in America without spending money? Probably not, and that’s not what’s being insinuated, I am simply implying that if you are going to spend your hard earned money, do it wisely, a knowledgable consumer is a better consumer, not only for the company but for the consumer themselves. To go into a deal knowing what you want out of it, the value of what you are paying for, and what the responsibilities, guarantees, and warranties of the other party are are the acumen of a knowledgeable consumer.

Anatomy of a Financial Literacy Program Designed around Best Practices

A small percentage of financial education programs are designed around solid empirical evidence of best practices. This failure can be attributed in part to a shortage of rigorous research defining those financial education best practices.

Recently, however, there is growing evidence base and research documenting the steps to designing effective financial literacy programming. To successfully raise financial competencies, successful programs address specific areas essential to molding or modifying financial behaviors.

families. Since that time I have kept an eye on the figures and the proportion of income allocated to each category. This seems to be the current situation, which doesn’t seem to change all that much. I build scenarios around the “All-American family” because I don’t want people to think you have to be rich to create a banking system that can handle all your needs for finance. This young man is 29 years old and is making $ 28,500 per year after taxes. What does he do with the after-tax income? Twenty percent is spent on transportation, thirty percent is spent on housing, forty-five percent is spent on “living” (clothes, groceries, contributions to religious and charitable causes, boat payments, casualty insurance on cars, vacations , etc. Many of these items are financed by charge cards or bank notes. The balance is financed by paying cash for them—and thus , giving up interest that could be earned, otherwise). He is saving less than five percent of disposable income. But, to be as generous as possible, let’s assume that he is saving ten percent and spending only forty percent on living expenses . This is giving him every benefit of the doubt on the matter of savings. Just remember, the real situation is at least twice as bad as what will be depicted! The problem is that all these items are financed by other banking organizations. An automobile financing package for this hypothetical person is $ 10,550 for 48 months with an interest rate of at least 8.5% with payments of $ 260.05 per month. But, if you will check with the sales manager of an automobile agency you will find that 95% of the cars that are traded in are not paid for! This means, at the end of 30 months, if the car is traded, 21% of every payment dollar is interest. Even if he goes the full four years, the portion of every payment made is still 20%! This means that the interest portion of every dollar spent is perpetual. It never seems to dawn that the volume of interest is the real issue, not the annual percentage rate. For a real thrill, go to see the sales manager of the high priced cars and ask him what percentage of the cars that leave their car lot are leased. The answer will probably be 75%, or more! This is worse than financing a car purchase. When you go to the Doctor’s office to get a shot of some kind, the criteria is not the rate at which the medicine is injected into you— it is the volume! Too little, and it won’t do any good— too much and it can kill you! Now, let’s move to the housing situation. This young man can qualify for a 30 year fixed-rate mortgage in the amount of about $ 93,000 at a fixed interest rate of 7% APR with payments of $ 618.75 and closing costs of some $ 2,500. The problem is that within 5 years he will move to another city, across town, or refinance the mortgage. Something happens to a mortgage within 5 years. Including the closing costs and interest paid out during these 60 months he had paid $ 39,625, but only $ 5,458 has gone to reduce the loan. This means that $ 34,167 has gone to interest and closing costs. Divide the amount paid out into t

he interest and closing costs and you find that 86% of every dollar paid out goes

Credit Hybrid

Credit Hybrid and Credit Stacking: Unlocking Business Financing

Navigating the world of business financing can be daunting, especially for small business owners. One emerging strategy that’s gaining attention is the Credit Line Hybrid. This method aims to help entrepreneurs access significant business credit quickly. But how does it work, and what are the potential risks? Let’s break it down.

What Is a Credit Line Hybrid?

A credit line hybrid program offers business owners the chance to secure a substantial amount of credit—often up to $150,000 or more—without the typical hurdles associated with traditional loans. Here’s what makes this strategy appealing:

  • High Credit Limits: Potential access to large amounts of credit.
  • No Collateral Requirements: Unlike secured loans, you won’t need to put up assets.
  • Low APRs: Many programs advertise promotional rates as low as 0%.
  • Startup Eligibility: New businesses can also qualify.
  • No-Doc Financing: Minimal documentation is often required.
  • Zero Closing Costs: No hidden fees at the outset.

However, it’s important to note that securing a credit line hybrid doesn’t involve just one application. Instead, it often entails multiple applications, a process known as credit card stacking.

How Does Credit Line Hybrid Work?

The process typically involves several key steps:

Step 1: Broker Review

A third-party broker (often a credit card stacking company) begins by reviewing your personal credit report and score. If you have a business credit score, that may also be assessed to determine your eligibility for various accounts.

Step 2: Multiple Applications

The broker then submits multiple credit applications on your behalf. These could include personal credit cards, business credit cards, and sometimes business lines of credit. This approach aims to maximize the total credit available to you.

Step 3: Account Management

Once approved for several credit cards, the broker teaches you how to use these accounts as a cohesive business line of credit, effectively helping you manage multiple sources of funding.

Potential Benefits

Using the credit line hybrid strategy can have its perks:

  • Access to Low-Cost Funding: If you secure cards with 0% promotional APRs, you can access inexpensive funding temporarily.
  • Build Business Credit: If managed well, timely payments on these accounts can help improve your business credit profile.

The Pitfalls of Credit Card Stacking

While the credit line hybrid can be enticing, it’s crucial to be aware of the risks:

1. Potential Credit Damage

Every application can lead to hard inquiries on your credit report, potentially lowering your score. Additionally, if high balances accumulate on your accounts, it can impact your credit utilization ratio, further affecting your credit score.

2. Broker Fees

Credit card stacking companies often charge fees, which can be as high as 10% of the total credit you obtain. For example, if you secure $100,000 in credit, you could owe $10,000 in broker fees, significantly reducing the financial benefit of the strategy.

3. High Cash Advance Fees

Cash advances from credit cards typically come with high fees and higher APRs than standard purchases, making them an expensive option for accessing funds.

4. Personal Guarantee

Many business credit cards require a personal guarantee, meaning if your business can’t repay the debt, you may be personally liable. This risk can extend to your personal credit score if payments are missed.

5. Interest Charges

While promotional rates may be low, they can increase significantly after the introductory period. If you’re unable to pay off your balance in full, you may end up with high-interest debt that can strain your finances.

Is a Credit Line Hybrid Right for You?

The credit line hybrid can be a useful tool for business owners struggling to qualify for traditional financing. However, it comes with significant risks that must be weighed against potential benefits. If your primary goal is to build business credit without impacting your personal credit, you might want to explore traditional avenues for establishing business credit.

Establishing good business credit takes time, but the effort can lead to more favorable financing options down the road. Resources like CreditStrong can assist in this process, allowing you to build credit in a way that aligns with your business goals.

In conclusion, while the credit line hybrid offers unique opportunities, it’s essential to approach it with caution and awareness of the potential downsides. Understanding the full picture will empower you to make informed decisions for your business’s financial future.

Credit Line Hybrid for Business

What is a Credit Line Hybrid? 

This is a credit card stacking program. It’s basically revolving, unsecured financing. It’s similar to an unsecured business line of credit, but revolving, link a credit card. Our unique program allows you to fund your business without putting up collateral, and you only pay back what you use.  

Credit Line Hybrid: Qualifications? 

How hard is it to qualify?  Not as hard as you may think.  You do need good personal credit.  That is, your personal credit score should be at least 700.  In addition, you can’t have any liens, judgments, bankruptcies or late payments. 

Furthermore, in the past 6 months you should have less than 5 credit inquiries, and you should have less than a 45% balance on all business and personal credit cards.  It is also best that you have established business credit as well as personal credit. 

If you do not meet all of the requirements, it is okay. We can help you figure out how to get where you need to be, or you can take on a credit partner that meets each of these requirements.  Many business owners work with a friend or relative to fund their business.  If a relative or a friend meets all of these requirements, they can partner with you to allow you to tap into their credit to access funding. 

What are the Benefits of a Credit Line Hybrid? 

There are many benefits to using a credit line hybrid.  First, it is unsecured, meaning you do not have to have any collateral to put up.  Next, the funding is what is referred to as “no doc”.  This means you do not have to provide any bank statements or financials.  

Additionally, often you can get interest rates as low as 0% for the first few months, allowing you to put that savings back into your business. 

The process is pretty fast, especially with a qualified expert to walk you through it.  One other benefit is this.  With the approval for multiple credit cards, competition is created.  This makes it easier, and likely even if you handle the credit responsibly, that you can get interest rates lowered and limits raised every few months. 

Truth About Gas Prices

In our tight nit community of wealth-minded driven individuals we talk about living by the numbers, recently I thought hey let’s apply that to everything our politicians say. For instance we hear President Joe Biden say that the cause for high gas prices in the US today is Russia Russia Russia, so that must mean there’s 3 actual causes for this increase in prices at the pump let’s see if Russia is even one of them. Take all personal feelings, preconceived notions, and rhetoric out of the equation and let’s just look at the numbers. Today as I write this July 7, 2022 the national average price for a gallon of gas is $4.77 per gallon. This is an increase of $1.64 per gallon from same time last year. So when did the prices actually began to take these drastic changes? 2021 we actually experienced record breaking gas prices.

To start off the 2021 year America was at a national average gas price of $2.25 per gallon, does anyone remember those days? And by Christmas that same year we had record setting gas prices

Prices began their historic rise in March of 2021 as the first catalyst was reported to be the demand as Covid-19 restrictions began to ease, and more Americans began traveling again.

Then again in May we saw the national average price for gas rise over $3 per gallon, note that this was the first time since 2014 this had happened. Specifically May 7th 2021 we saw another major gas price increase, the reported catalyst this time was the Colonial Pipeline Cyber Attack.  The Colonial pipeline originates in Houston Texas and carries gasoline supply to much of the Southeastern United States. With the pipeline offline, many retailers faced gas shortages, which incidentally cause a price hike.

As August rolled around gas prices seemed as if they were tapering off then came October, San Francisco set a new all time record for the highest gas price in the United States, at $4,75 per gallon. (Mind you the previous record was set 3,300 days prior nearly 10 years in California at $4.73 a gallon. These price rolled over into November and December as the year began to come to a close and most Americans were celebrating their Christmas holiday, the Oil Cartel was busy setting more records, as Christmas day 2021gas prices across the nation were $3.26 per gallon highest ever recorded on a Christmas day.

On October 28, 2021 Congress attempted nothing short of political theatre while going toe to toe with the Oil Company Magnets, many democrats argued that oil prices were increasing due to Corporate greed at this time, mind you no mention of Russia, as the month of October open with a national average gas price of $3.19 per gallon, literally upon close of the month or shall we say a couple days after the hearing, gas price averages across the nation were $3.39 per gallon. This was a whole $.20 per gallon in one months time a nearly 10% increase in prices. Coupled this with the Current Administrations hindrance on American oil production, the rising inflation which has plagued the nation since March of 2021, as the Feds have continually postured a position of Hawkishness, the perfect storm brewed, but in none of this was there a mention of Russia.

-Russia officially invaded Ukraine February of 2022.

-Oil Magnets had their congressional hearing on or Oversight Hearing on October 28, 2021, after which time

Compare oil prices at times of spike to Oil cost per barrel

Key findings

  • Brent crude oil daily average prices were 60% higher in 1Q22 than in 1Q21 and averaged $98 per barrel.
  • In this study of 90 companies, the combined petroleum liquids production level increased less than 1% in 1Q22 from 1Q21, and natural gas production increased 3% during the same period.
  • Distributions to shareholders via dividends and share repurchases reached $32 billion on a four-quarter average basis ending in 1Q22, the highest in the 2017–22 period.
  • Net losses from hedging derivatives were $25 billion in 1Q22, the largest loss for any quarter in the 2017–22 period.
https://www.eia.gov