Name: Shawn Sharma Shares How to Harness Zero Percent Business Credit Cards
Uploaded: 2023-08-21T19:00:34+00:00
Duration: 25 min 37 s
Description: On this episode of The Blacklist, Ulyses Osuna and Shawn Sharma discuss the power of having a relationship manager when applying for credit. Learn how banks make money by issuing credit, and how havin

2 years ago

On this episode of The Blacklist, Ulyses Osuna and Shawn Sharma discuss the power of having a relationship manager when applying for credit. Learn how banks make money by issuing credit, and how having a banker advocate for you can be more powerful than applying for credit yourself. Plus, find out the importance of having an LLC when applying for business credit, and how to find zero percent business credit cards.

[00:00:00] Building credit to start business: Six words
[00:02:58] Build relationship, get credit cards, shift to business side.
[00:04:49] Create LLC for tax savings.
[00:05:27] Difficult to get business credit.
[00:05:55] Get business credit quickly: Six words
[00:07:15] Banks have relationship managers.
[00:07:49] Maximize credit for banks.
[00:08:17] Reconsideration for higher limits.
[00:09:02] Power of banker advocacy: Game over.
[00:10:14] Banks make money by lending credit.
[00:13:26] Get business credit, not personal.
[00:15:50] Business game: no limit, protect credit.
[00:16:14] America built on debt, profit off it.
[00:17:52] Wealthy leverage debt, average lose.
[00:18:09] Make more money with credit.
[00:19:03] Create wealth with leverage.
[00:20:58] Invest in yourself, automate, then leverage.
[00:23:03] Grow business with team, automation, assets.
[00:23:49] Helping entrepreneurs get funding.
[00:24:42] Build wealth with financial literacy.