Being rich has never been my goal.
Having the freedom to do whatever I want is.
-The freedom to not work as long as I like
-The freedom to take my family on a nice vacation without thinking about it too much
-The freedom to spend my time however I see fit on a daily basis
Cash is always a focus and we all know how to get it to some degree, some more than others. Focus also on the preparation of how to access more cash. Personal credit is a key component in preparation. You don’t need a 800 score, just a lendable credit profile.
When I say I leveraged my personal credit, I’m saying that I purposely began building my credit by forming relationships with banks, always paying on time, & increasing my limits on credit cards overtime.Good solid personal credit and higher credit card limits gain you leverage🔑
Personal credit cards and business credit cards from major banks are BOTH personally guaranteed. The key difference is that personal CC’s report to your personal credit ONLY! Business CC’s report to your business credit ONLY!
Utilization accounts for 30% of your personal credit score. Once you are above 30% utilization on a credit card, your credit score will drop. Business credit, not so much. Honestly the main factor in building your business credit is simply paying on time or even early
Business credit and personal credit have two different scoring models. This means that certain factors are weighed differently when generating your credit score. For example, multiple hard inquiries will hurt you severely with personal credit, not the case with business credit
It was important for me to obtain business credit cards due to the risk associated with investing with my personal credit cards. Every time I used to much of my credit limits, my score would plunge. If an investment had a late return, my credit would suffer until I paid my debts
I leveraged my personal credit to access 8 business credit cards this year so far. I received a few thousand in sign up bonuses before balance transferring my personal debt over to three 0% intro APR business CC’s. That leaves 5 more cards to invest with..
Business credit cards give me the luxury of investing outside of my personal name/ssn. It’s literally an opportunity to get ahead without continuing to reinvest my capital.
Starting a business and not getting the support you need is uncomfortable. Embrace that shit. Learn that what’s important to you isn’t as important to the people around you. That shouldn’t stop you, if anything it should fuel you to make em wanna support your success😤