HOW TO PURCHASE A CAR IN YOUR BUSINESS NAME
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- Опубликовано: 17 окт 2024
- In this clip Ms Business breaks down how to save money on business taxes by purchasing a vehicle in a company name. #taxtips #cars #investing #businesstaxes
Full Episode: • BUSINESS TAX BREAKS AN...
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Thank you so much for your inspiration! I have traveled a similar path, 2 college degrees, multiple jobs including credit problems. I am now 65 years old and have found my purpose in life. Currently in the process of starting my own business. May God continue to bless you and May He continue to bless *850 credit restoration* for me for every successful deal we conducted
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850CREDIT RESTORATION* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Wealth is not just about finance, but health and wellness is critical especially in our black community! No need to have stuff and money if you don't have your good health? Rick Ross finally understands this truth now! What does it profit a man/woman to gain the whole world if you don't have optimum health to enjoy it all! Let change the mindset about the diet & wealth in the black community so we can all go up together! Above all things... I wish that you be in good health and prosper even as your soul prospers! God bless you brothers! and remember to use *850 credit restoration* for your bad credit and negative credit marks and inquiries removal
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
Yea Navy federal gave me a really high limit. I applied and was denied at first so I got a *850credit restoration* service , and I was approved for a capital one. The limit was so small lol but I took it and worked on it. Because if that it helped my credit and I believe that’s what made me finally get approved for navy fed with such a high limit. they're still working on increasing the capital one since it was so low. All in all I’m satisfied.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *850 CREDIT RESTORATION* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Love the energy! Glad I found this recommendation! Everything you say is 900 million % so true and correct!
Love the energy! Glad I found this recommendation! Everything you say is 900 million % so true and correct!
Love the energy! Glad I found this recommendation! Everything you say is 900 million % so true and correct!
Love the energy! Glad I found this recommendation! Everything you say is 900 million % so true and correct!
Love the energy! Glad I found this recommendation! Everything you say is 900 million % so true and correct!
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *850 CREDIT RESTORATION* , Love the knowledge keep it up
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 690 and I’m still going up with *850CREDIT RESTORATION* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
Thank you so much for your inspiration! I have traveled a similar path, 2 college degrees, multiple jobs including credit problems. I am now 65 years old and have found my purpose in life. Currently in the process of starting my own business. May God continue to bless you and May He continue to bless *850 credit restoration* for me for every successful deal we conducted
It is a beautiful thing to actually hear young black people discuss real business nuts and bolts like banking, bookkeeping, and taxes and deductions. Keep going.
I have the Shell Fleet (Business) Gas Card and since I use my personal car for business, I use that card for gas. You can actually buy anything in the gas station with that card. It also allows you to use it for Maintenance at Jiffy Lube (certain locations). I actually just went to get a diagnostic a few weeks ago from there. That’s how I was able to start building my business credit.
I just got mine and was wondering if I could buy anything in the store. Thanks
I knew about the gas card but the first thing is to start off the business right
Setup your business, EIN, Business checking account , Duns number , business phone number & address , Business website
I don't have a checking account yet or DUNS number. How do you get a DUNS number?
@@noneyabiz7257 DUNS is issued by Dunn & Bradstreet and will help you build business credit.
@@noneyabiz7257 just call them & give business information & they'll get you 1 set up free of charge
💯💯💯
Factz
If you want to be financially free you need to have your own business and be your own boss. That said, you’ll also have to work a lot harder than most others and make alotta sacrifices.
I love this video! Yes, Business Credit is the most underutilized financial hack and it’s not hard to get approved for a gas card either. I encourage all small business owners to build business credit ASAP. Don’t wait! Buying a car is just ONE of the benefits of building business credit. Keep up the great work fellas.. spreading the wealth of knowledge.
Really cause I’ve tried twice and was denied twice
High car insurance rates. No thx
You guys are lifting communities up. Black and Brown
@@johnwayne2103 because I cant speak for communities I'm not informed about
And white
@@kenbals let's goooooo
And I'm here for it all, ya heard 💪🏾
We all have separate paths, but common waypoints ....good and bad .... always try to stand in the shaft of light
This is the best explanation I’ve ever heard about depreciation! I’ve had businesses for years and I never quite had it down 100%. Thank you!
Gas cards are usually called fleet cards, just in case anyone may be confused
It never fails...your credit can either put you ahead of the class or hold you back. This is great information that most people don't even know is possible. Keep up the great content!
Great video! I applied for a shell gas card and was able to get a $3,000 credit limit for my real estate business.
Oh wow I only got $500 with chevon
Were you just starting out with the business or had you already been building your business credit?
Was that with or without personal guarantee?
Shells great for new business gas fleet card
Just saved this video. I have been mixing up my personal finances with my business finances
exactly: business cards pays for everything. never use your business checking account to make any purchases. ONLY DEPOSIT- your business checking is for deposit and pay your business credit card debt only.
let me know the in and out then in one simple understanding.
@natasha apao already broke it down
Thanks so much for confirming this. I just started doing this. I use my Capital one business card to pay for everything and then the business checking to make the payment. It keeps everything in order.
How do I get a business credit card, what # I use??? Duns or EIN
thanks
@@amiragraceministry401 also it pays to use your card you will get points and cash back
Smart Business Woman NBC should be calling her For an Interview.
I am committed to self-development and thriving.
You guys should talk about the fine print in the lease/finance paperwork and the insurance paperwork. Are you guys paying commercial insurance? Did you check off that the vehicle will be used for business use? Are you required to have a commercial tag on the car?
its really sad how many things we never learned from school smh
You never learn about crypto currencies that can help you cashout up to $100k per month as a young investor and entrepreneur. I ask myself why universities don’t enlightening their young students about all that.
@@frankadam6553 Unless you’re studying business or Economics Its not their prerogative
Man its the sad truth. But luckily thanks to technology and platforms and channels like this we can all start getting better. We may of had a late start but its never to late to start applying changes in our financial situations.
School doesn't teach u about business it's teaches u how to be a great employee.
@@wekofute2405 really I have no knowledge on this were do I start
I've been keeping my own records for my taxes for years and don't need to pay anyone to do that for me. I've been writing off business expenses for years and it's been going well. Also they didn't mention that some people are one person LLC's so things will be different for them. Learn to do things yourselves! Keep rising.
Is there a difference / benefit in a 1 person LLC?
Kormyn Sims Good question. I’d like to know as well
Kormyn Sims I have the same question also!
@@emel6933 I posted the answer.
@@Kush333 how are things different?
just learned a lot in 20 minutes, yall out here saving lives. thank you
I am a Real Estate Agent, and purchased a vehicle under my LLC! This is great info!
Ben, I'm also a Broker. how long did you convert to an llc until you purchased a vehicle?
How many years have you had your LLC? I'm looking to do the same and had mine 5 years.
@@deadnsyde1514 Yes, I am!
@@BenTheRealtorAZ WRITE MR. THOMPSON ON WHAT SAPP TO MAKE GREAT PROFIT
*+ 1 9 1 4 2 0 6 8 2 9 4*
You can find out the exact weight of your vehicle simply by looking in the drivers door area, itll be a white tag and look next to GVW
Oh wow cause for a minute I’m thinking they were talking foreign money 🤦🏽♀️🤦🏽♀️🤦🏽♀️Lord Jesus help your daughter to learn swiftly! Lol!
@@ChangedUpNowWhat lol u funny
@@ChangedUpNowWhat 😂 😂 you not alone sis. Help us both
U beat me to it
No brother. That is inaccurate, and will screw you over. I'm an automotive professional hear me out. GVWR (gross vehicle weight rating) is what the vehicle weighs with a full tank of gas, fully loaded with passengers, and the trunk full of luggage.
You always use the *curb weight* which is what the vehicle weighs empty. No passengers, no luggage, empty fuel tank.
PS the curb weight is easily searched on google. All you need to do is add in the weight of a full fuel tank, which is simple math. 1 gallon of fuel weighs 8 lbs. Find out the capacity of your vehicle's fuel tank, multiply it by 8, and add that to the curb weight.
Don't know how I came across this video, but i am so happy I did.
Same! I was looking for LED light reviews for my food truck and this popped up. Look at God! 😅
Glad I found you guys. I started a Trucking business this year. Thanks for all you do for the viewers.
You guys are the TRUTH. I just seen one if y'all 18 wheelers on I-75! I started screaming "look that's Rashad nem"!!! Had no idea y'all had EYL Trucks on the road. So inspiring!!
Wow. I’m so glad I came across this channel. I’ve been thinking entrepreneurially since a kid and there’s a lot of things I learned in college by reading books and talking to people who were successful from a business standpoint. So I knew about business credit a long time ago and recently purchased my latest car in my business name. I have business credit cards as well. But what I didn’t realize, until now, was how important it was to treat that vehicle as the business’ personal car. Meaning that use your business’ credit/debit card for all related automobile expenses. In fact, I have two businesses; one Tutoring Franchise and the other is a Game Truck, whereas I use a Ford Expedition to pull the game trailer. All of that has to be on the business. I’m sure I do it the majority, if not all, on the expedition, but definitely not on the car I use for commuting back and forth on the tutoring franchise. Now I know. I’ll be getting a gas card ASAP. Thank you! I’ve liked and subscribed.
I’m learning every day and educating myself to become more self efficient and to give up the Kronos Clock on somebody else watch. Not just for myself but my daughter can learn from me as well and leave a legacy behind for her children. She also has the same mindset as me when we talk. I’m definitely going to share this link to motivate her promising future on independence 🗣💯
It was my understanding that the new business model does not prefer loyal workers that intend on staying put in their jobs. The new model is the "revolving door" of hiring new employees, using them while they are eager, then getting rid of them before it comes time for their raise. I don't see why any worker would tolerate that business model and there is backlash to that business model. No one cares about their jobs or the consequences of doing subpar work. Why should they? There is no future for them. Plan your future settling up your Rot IRA and getting funds sent to it through *CyberHackSpy202🟠net*
Enjoyed watching this. She was spot on with educating people on how to keep business and personal separated. I as well own a trucking company and just opened my Freight Brokerage company. It is vital to small businesses to learn how to building business credit and keep personal separate to secure your personal assets. FYI get those gas cards for your trucks my brother!
These are fantastic financial tips coming from a beautiful black sister & brothers. Many thanks 🙏🏾
You did a really good job on this video. I can tell you aren't a fast talking RUclipsr trying to make a video for "Likes". You are passionate about sharing useable content and you did just that.
Great information but there are a couple items that should probably be highlighted in a bit more detail:
1. Section 179 of the tax code details the vehicle deduction criteria and it’s based on GVWR (gross vehicle weight rating) and that needs to be over 6k lbs...so a Range Rover does qualify along with most other full size luxury SUV like a Bentayga or even a Urus.
2. Building biz credit starts when you get your EIN and open your biz bank account. Deal with an entity that will at minimum gives you a biz debit card and optimally a biz credit card. Low limit isn’t an issue because as you pay it down you bank will automatically up your limit if you pay it ON TIME.
3. Get a DnB (Dun and Bradstreet) number. DnB is an organization that monitors/reports on commercial/biz credit and with the number attached to your EIN you build a visible credit history in your biz. So using your gas card or any credit that ties into your biz builds your credit portfolio and in 3 years (of solid payments) allows you to buy assets on credit with the biz as the guarantor and not you & your personal credit as the backer.
4. A write-off is just using an asset’s value to lower your taxable revenue/income. So be smart...if you buy a $250k Lambo Urus cuz it 6k lbs but ya biz only made $50k ya hustling backwards! LOL! Serious accounting & IRS red flags go up!
This is very good information that most of us don't have or don't know to look for, so I just wanna say that I very much appreciate you guys putting this out here, you're having a positive net impact on the world and more specifically those of us who don't grow up around this kind of information & these thought processes.
...OMG MS BUSINESS.. gosh I love her brain 😍
She's very knowledgeable and communicates information very well. I enjoyed listening to her 😎
Fleetcor is the best fleet card (gas card) because you can use it for gas, car maintenance and car related purchases. Then after a few months, the card can graduate and open up to a fully functional MC that can be used anywhere.
Full of GEMS! Thank you all, you got a new subscriber! Peace, love, & harmony to all.
Big Ups to your CPA. I'm a new follower & y'all need to promote her name & business contact info. She's an asset to any up'n coming business owner.
Yes other Black Business Need her !!
She’s easy to find. People aren’t looking it’s in the description box
Literally
Very useful. Beautiful to see Kings and of course the Goddess whom joined.
I’m intrigued by their honesty and service
You guys put chills threw my body so I know what your doing is 💯 love. I just stared my business last week and have no idea what I’m getting into just jumping in and helping employ teenagers in my community. Idk what the price will be but I’m going to try and start putting something to the side cause I really wanna be a part of this group. Keep doing what your doing💯💪🏾 we all need this blessing.
If Shaquanna CPA had her own RUclips channel, I would definitely subscribe. Every video she has ever appeared in, should be on her channel, too.
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *CyberHackSpy202🪐net* , Love the knowledge keep it up
That's good info. Didn't find out about this until I leased a car from Uber back in 2015.
Don’t forget if you fully depreciate an asset especially 100% standard when you sell the asset for capital gain you will have to pay those taxes fully..
Good point. Can't overlook that fact
Thanks for that valuable fact 👌🏾
Gift it to a relative. Son daughter ect
@@MrJimipurplehaze Yes that's what the rich do.
Absolutely. Many things happen when you hear the golden side of a scenario. Each client tax planning needs assessment. Reason why there is a cost for that service because you are becoming educated in the process. Create a team your financial advisor, TAX professional, and attorney
This a good one . Quick simple straight to the point . Bring her back
Did you get it?
It's always good to see my brothers educated however one brother doesn't give the other not enough time to talk and express himself and share on the business however the woman was very knowledgeable and what she does and I'm so glad I watched this video all way through. Thank you guys
Bless the day I discovered the EYL !!
Awesome gems thank y’all for put these informational,life changing, game changing sessions together. All praises to the most high 🙏🏿🙏🏿
Everything happens when it's scheduled too and this video is no exception. It showed up in my recommendations at the correct time especially when we are getting ready to upgrade our family vehicle and we own businesses.
Can çook up your GVW Gross Vehicle Weight. May be on car window sticker. Googling it could be quicker for you.
Yoo u guys platform is super DOPE! I really appreciate what u guys r doing man!
Great information also you will need to look up setting up a DUNS account. That's an account that allows you to build business credit. So just like she mentioned get gas card, office max card, etc.. but make sure to check if they report duns account to the credit bureaus. Great information i love what yall boys doing and keep pushing great information.
Do you have to pay for it or something?
@@chowderrsenpaii its a number that is attached to your LLC EIN number you will need to request your number and when you apply for a card like at office max, lowes, or a place where you buy supplies for your business. Just make sure to ask if they accept duns account number and if they send in reports to credit bureaus. That's one way you can build business credit for your company
@@TomorrowsKingdom When you apply at one of office supply stores with ein will it be attached to your social security number for approval?
@@LoveTheEighties yes it will be just like when you create your LLC you will get a EIN that's attached to your LLC and they go off your personal credit for whenever you use your business credit card.
I'm so happy and grateful that I found this page!!
I understand you to say, you can lease a vehicle in your business name. That's good to know also.
Great information guys. Thank you so much. Just started my LLC and I want to do things right.
Just one thing you must keep in mind. If you purchase the vehicles in your business’s name, a simple accident can become a law suit against your business, whereas if you own it personally, just an exchange of insurance
You and your bad advice 😂😂😂
I am beyond impressed by this young lady ☕️✍🏾🧘🏾♂️💸
Okay...... reach us on Telegram@👇🏾
theearnyourleisure.....to join the family/community
i have scrolled past this video for a good while and today i paid a visit. Awesome! Thank you for sharing..im a new subbie and i liked the video!
Dang I just learned something. Need to make some changes because I would love to use my business info for all of this. Been doing it wrong for so long. Thanks for the education.
They really got me out here tryna finesse. I appreciate y’all spreadin love to the hood on a real educational tip.
They don’t want us knowing this so y’all put us on. Thank y’all. One.
I have multiple businesses and a non-profit and I have never known this y'all dropping mad knowledge bro keep it up💪🏾💪🏾💪🏾💪🏾❤️❤️
How do you register your business in different states or with the same name is it even possible?
Thank you for this video I was literally just looking for this information 💎💎💎
She is so smart, I love this.
So glad I seen this some powerful and useful information 🙏🏽.
man man man!!!! yall did it again. best believe, ima invest in your podcast and invest in myself using this knowledge!!! thank yall thank yalllllllll
How can we set up time 30-1hr with her too discuss your business
How much is the meeting
Thanks for sharing this
When we share information like this, we grow.
Definitely appreciate y'all doing this! this is how alot of us will business and finances. Thank all of you!
Will learn business and finance.
My father was the first person to teach me you could get a car in your business name.
I’m assuming you have to register the company first? Or does it work for sole proprietorship?
???
My 19 year old son explained it to me....🤦🏽♀️
my white classmates with bmw and rx7 told me about it...back in the 90s lol..sad part is my mother is a CPA & never taught me about writing off vehicle costs lmao
Okay .. please tell us what to do. Lol
I would love to come on the show and speak about business credit. It is very important that all expenses are under the businesses name.
Do you have a website?
Question is the insurance under the business name as well? Would it be considered commercial insurance? It is cheaper or more expensive than regular insurance
YoungKing the insurance will have to go under the business name. The rate tend to be a little higher. But that all depends on your credit and driving record as well.
The rate will be higher but based on your credit
In many cases of work trucks, your rate can be the same or lower. Ideally, you want to find a package deal or B.O.P. (Business Owners Policy). This combines your General Liability, Property, and Commercial Auto policies
In my case commercial insurance has been way better and less expensive for me. I go through Geico Commercial
@@belizeanhippi3 can you write off the insurance payments as well ?
Can u switch your current car under the business name. I’m currently trying to start my LLC now
Co applicant versus co signer jewels 👊🏾
I was literally looking for a video on this topic earlier today! 🙏🏾
Shout out to her went to high school wit her glad to see her doing great and helping people
Will the gas cards report to Dunn and Bradstreet? If not, then how is it reported to the credit bureaus?
This is great info to share. For the mileage you can use the app called (Mile IQ) which tracks your mileage that you use for your business. The one thing she didn't mention about using Section 179, which allows you to write off $25k on a business vehicle in the FIRST YEAR that is over 6000lbs. This is what you do, buy the truck and let the tax write off pay for the first two years of your payment. Then trade it in after the two years and do it all over again. You will never make a payment this way. (mind = blown)
You use The Grant Cardone method too 😉
so you're not making payments at all? I'm confused
Explain a little more.... I have an LLC business I started back in nov 2019... I don’t kno where to start for business credit and credits cards but where do I need to start in order to buy my dream car in my business name
Interesting! I still think "credit score" is one of the greatest scams and discriminators of our time! When I paid off all my debt, my score went down significantly. Money in the bank, cash flowing paid for rental houses but nope, banks do not like that. No wonder the system went upside down! Really wanted to emote bad records and inquiries off my credit repott i came across 850creditrestoration🎡net just recently after i've been using Lexington Law for over two years, I'm glad i have a clean profile No
This wealth of information!🙏🏾
Factz
Thank you so much, because I was contemplating on purchasing a vehicle in my business name, and I didn't know all these important things, that's needed so much to prosper!!👑🔥🌻🤩
I can help you with your investment plans in bitcoin if your interested
Great video I got to start using my business credit card for gas
There are also those people who have great credit, a high credit limit, always pay on time, but no financial responsibility because they are living on credit and their parents are still paying their bills at 36 years old it is because I thought so too. I had a medical condition which put me through a lot, things were not working out, it cost me a lot, let me spare you the tale of my woes and give you the good news I had a credit score of 540 as at last year before a friend told me about LEGITREPAIRS🎡ORG, initially, I was skeptical but they have been able to increase my score to 791.
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I'm 40 years old, married 11 years, and we have 2 children. First four years of our marriage, we had 3 cars stolen. Then a car that was flooded a few years later, then our rented house and another car flooded a couple years after that (we had to swim out of our house) . I've never made nore than $20/hr in my life. In 2015, we were $110K in debt. Student loans, car, and credit cards. Now, in 2019, we are $50K in debt, with only student loans and our car. We've been watching EVERY penny. In the past 4 years, we've cut out $60K of debt. I'll be 45 when we are able to buy our first house, and our children will be teenagers, such is sad, but we will not have any other debt. What makes me happy is that our children are going through this struggle with us. When they are old enough to be our in the world, they will already know what my wife and I have been learning for the past 11 years, and am glad Jason doesn't want the stress for us, he comes online and introduce us to LEGITREPAIRS🎡ORG 2017, no much talk i got a perfect credit score combination with wife
Well, I agree with majority of her presentation. I have a fuel man gas card $14K. It’s good to have to build my business credit and great for having all gas expenses on one card for easy tax write offs. But, I have a chase business card that gives me bonus points for using for gas has the highest bonus points to earn. So, I use my chase business card to earn the points. The points add up to free hotel, rental cars, airplane travel or just apply towards my balance and receive credit.
This video popped up in my suggested watch and man am I glad I did!! I have been researching the 179 rules the past few weeks and this 17 min answered 3 of my top questions!! Appreciate y’all man, frfr.
OMG yes I was waiting for y'all to put this 💎💎 out on RUclips I have a luxury car through my business (LLC)
@@marcoskenny1052 I am still pretty new at trading only 2 1/2 months in...I try to listen to money market mondays they host but get lost sometime being that I'm still new u know but I'm look into focusing on bitcoin more seriously
Do you mind letting me know how you got started on that ? This my email poodyistheman@gmail.com
@@gatesstudygroup8913 went to my credit union (bank) where my business account is, talked to the appointed business financial associate, told her my plan of needing a transportation for my biz. Told me what I needed to do, what they looking for in order to get a loan from them I went and did it...all banks need differ things from you (your business ) to qualify for the loan but get a duns# type it in on Google, its easy to apply for, then google cards that report to duns and bradstreet and apply for those. u can also ask ur credit union (bank) what credit cards they have for business acct. n who do they report to.
@@christabelbas9177 how can I learn more & invest?
@christabel bas hi. I’m new to trading too and I’m interested in crypto currency. Can I also reach out to you. I really need guidance
i need her as my CPA! the lady i go to didnt tell me nothing about this and i have an LLC
I understand I just decided to stop dealing with mines because she wasn't transparent bout things tht could help my business , I'm following
Yea these people are God sent.. We support them and they return the favor with gems!
Llc or corp, do you get the same write off perks?
@@christopherturner8386 def God sent he tryna give us what we deserved for years 💯❤️
She probably didn’t know
Wow so important to have an active accountant
A tradeline means that you are a authorized user of someone else's credit card. You don't have to have possession of the card, but they're credit history will reflect on your credit report...a parent or family member with EXCELLENT credit can be a "tradeline" I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career. But i really thank you for this video because i found Kyle and within few week they fixed my Credit score which is hindrance by student loan and added a large tradeline thanks a lot *DiscreetPhaseResolution🟡com*
Salute to y’all being able to laugh and share info
The downside is that getting commercial insurance is more expensive than personal.
That’s a big fact
Can you write that off too though?
Not in Michigan. My commercial insurance was $200 cheaper then my personal insurance 🥴
That’s a reason why I kind of steered away
Depends on the state
Does she have a link if you wanted to connect with her for business
@V12 prodigy thanks
How about buying a house in your business name?
There's a Gaining key on how to invest more into Crypto right now,
Are you interested?..
Ok
You can definitely obtain property In Your business name.
she is great I need her to teach me a few things .......very smart
Thanks much Love too all of y’all 💯❤️💓💕💝💖💘
when, where, how do you go about the financing? What information do you tell and give the bank?
Check ally bank commercial - they do business funding with no PG for cars/trucks and most Ford dealerships offer same
@@d.jjacobs6294 what is PG ? Sorry if this is a stupid question.
@@linxagefammly9423 It means Personal Guaranteed. Meaning you will guarantee your info for the loan. Many loans require it. If you are new company
Can you refinance a car that you have in your personal name over to your business entity?
Good question
Im waiting on that answer also!
📌‼️‼️Now this is the question I was going to ask😊 great minds think alike... WE need answers Somebody