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Stacking Your Credit with Jack McColl - Credit Stacking
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- Опубликовано: 4 июл 2022
- #253 - On today’s episode, Anthony & Bryan are joined by entrepreneur and financial coach, Jack McColl.
Jack shares his story of how he went from being a business graduate from the University of Washington to creating and selling multiple successful businesses by the time he was 25.
These businesses include Glidr, the first US-based hoverboard company, Dumbo Lounge Sacks, inflatable air hammocks that were massively popular at music festivals over the last few years, a travel company, Sendit Cabo, that was acquired by the industry leader in student travel for a very lucrative payout, and most recently an E-commerce store at a 7-figure run rate.
After the acquisition of the travel company, Jack spent a few months traveling the world before going full time into financial consulting, aimed at equipping others with the same secrets he'd used to launch and scale back to back successful businesses.
📲 You can follow Jack at @kingofdebt
merchant cash advance credit stacking ein only business loans business credit cards
Absolutely fuckin nuts. I can not believe that I used to think getting credit was hard. If not, impossible. I mean I grew up on foodstamps. No one is going to cosign shit. I opened my business bank account and even the manager told me I needed years of history and cash flow through their bank. Lmao. Long story shit. They denied me this week for an equipment loan. Got approved 2 other places, 4 buisness cards and a line a credit. This stuff is absolutely nuts. I'm mind blown and once this trailer is funded I'm going for a round of inquiry removal and a 2nd LLC. Thank you for this content. RUclips is fuckin amazing
Great interviews, you allowed him to talk ❤
This is amazing I love when he said ..if you’re an American and you have a social you should be taking advantage of how powerful that is. We’re extremely lucky to be U.S citizens
Wow!!😮 Answered prayers 😅. Thank you Jesus 🙌🏽✨
When he asked, a simple question who have you assisted with the E-Commerce who’s brand or business blown up. Unless you have a NDA signed he meant a actually NAME or company name. Saying I’ve helped tons or a lot of people doesn’t make you more credible but the strategy your taking about does work 100%. Overall great content!-Callaway
y'all asked all the right questions
Great interview. Bro a beast!
Great content learn so much in this interview
Fantastic interview. Other sources of funding… self directed IRAs/401ks and cash value life insurance
Started an LLC last month. Many thanks to this podcast because I have made mistakes already trying to acquire Business Credits/Loans
Have you acted on any of this, can you share your experience?
@@torobeltran1 can you elaborate the question? Because i meant to thank the podcast for the knowledge of things said, if i knew them, i wouldnt make the mistakes i did trying to aquire business loans.
Why this doesn’t hit a million views yet? This is a germ!!
You mean Gem
The same reason most ppl have poor personal credit and no business credit at all!! They are not interested in learning or doing the research
Straight Gem.
I need to meet this guy
I have 7 personal cards at 43% utilization. Just watched 1 of these interviews with Jack and thought what the hell. Why not? I applied for 2 business credit cards and 2 lines of credit. ( all approved) seems I was to quick on the trigger because I have to many inquiries for a chase sapphire so I can start transferring points. Either way I'm totally amped up to take my businesses to the next level. Gain access to funding building a credit profile for each LLC by piggybacking off the previous. Pay off personal debt transferring it to the business. This stuff is FIRE!!!!! I have been avoiding it like the pleage using all my cash flow to fund expansion and personal debt to finance a crypto mining. This year is going to have a bit different of a tactic
Where did you apply for lines of credit?
Capitol 1 spark, American express business blue card, American express line of credit and flexible financial.
This was a great interview! New to Credit Stacking and I learned a lot!
I just signed up for the course yesterday
@@reasedogable Is it worth it?
@@placidajoku4977 I want to know too
Have you acted on any of this, can you share your experience?
@@reasedogabledid you get your buisness credit cards or no
Top shelf material on this video!
Have you acted on any of this, can you share your experience?
19:33 What are banks don’t verify income and don’t require documentation?
Alright Alright Alright. So now that I got the bank account a bunch of cards all I got to do is freeze my data do a quick credit cleanup, roll my personal debt over to the business cards and I can run this back? Get out of here! How is this legal? Ah fuck it I used to sell drugs. My mom would be proud either way! Now it's time to roll over the debt and run it back. Don't delete this vid. This is lit. I'll check back in once I hit the next level.
Have you acted on any of this, can you share your experience?
I own a restaurant for 9.5 years. If the restaurant business is around a while, does that give proof of lower risk? I’m trying to build up our business credit to be able to get some funding but after seeing this podcast I’m wondering if we have a decent chance..
You can get funding for any business banks tend to be a little stricter on high risk businesses but your business Will definitely generate funding. I messed up and put investments on my first LLC. It took a while but I was still able to get funding.
@@Izzcredit Thanks for the advice. Glad you’re doing well. I’d love to try and get funding through the business to try and attain some rental property. How about you? What was or is your goal? 😉
@@BestiaProductions honestly I got funding and still don’t have a solid plan. My business is credit repair and so I’ve been on this credit stacking journey for a quick minute. Got over 100k in personal and found out I was doing it wrong. So I paid down cards and only applying for business now. So to answer your question I’m still in limbo. Looked into real estate as well just want to make sure whatever I do it’s cash flowing out the gate
@@Izzcredit Nice well you will get there shortly. Looks like you’re realizing the way little by little. I’m doing the same. My personal credit is near 800 score and trying to now build up business credit after many years of not knowing about it. Thanks for the help college 😅 You’d think even 1 class about business credit, etc. but nothing at all. Best things are kept secret.
@@BestiaProductions so true. Best of luck on your journey. Apply. Apply. Apply.
Some banks that give great funding. BHG Financial(Business More Rewards)…Truist….Capital on Tap(soft pull approval)but you pay back 10% of what you use…Citizens Bank….GM Marcus Card…..hope that helps. We’re all in this together
He needs to talk to high schoolers not colleges they already messed up by student loans so many kids should graduate and chase a million not a job
he mentioned Meatball so I'm out
Confused . What??
When he asked, a simple question who have you assisted with the E-Commerce who’s brand or business blown up. Unless you have a NDA signed he meant a actually NAME or company name. Saying I’ve helped tons or a lot of people doesn’t make you more credible but the strategy your taking about does work 100%. Overall great content!-Callaway
The guy seems solid !!!
@@FloydArthurOfficial Yes very informative but these credit specialist companies need to do better with answering simple questions. The current era we’re in people are packaging and saling free information. Which is fine, I don’t knock anyone’s hustle but if you can’t answer simple questions then I start to see 🚩🚩🚩.-Callaway