In this episode, we talk about how to get your credit back on point, the Trump Assassination, and how to fix your credit. Also, we have a special guest on the show today, Myron. He's a comedian and former Secret Service detail detail. We talk about his experience working with the Secret Service and how he handled the Trump assassination. We also talk about some other crazy things that happened over the weekend, including a man being shot at by a woman he was walking with, and a woman being shot by a man he was with. We discuss all of this and much more on this episode of the Fresh Money Monday Podcast! Also, stay tuned for a later episode with Henkel, Zerka, and Sneeko later tonight where we will be breaking down the latest news and breaking down some breaking news that broke over the past weekend. Stay tuned for that later tonight! Thanks for listening and God Bless! -Fresh Money Monday Crew -The Fresh Money Crew - The Fresh Money Team -Your Hosts: Fresh Money and Fresh Money Podcast - Our Sponsors: Fresh Money -Rumble -Castle Club - -Sneeko -Brickle -Vayner Media -Gates -BLAKE CHECK OUT OUR FACEBOOK GROUP! . - BLAKE WEBSITE - FOLLOW OUR INSTAGRAM - OUR PODCAST - CRYPTION - FREE PRACTICATION - AND OTHER LINKS - WELL WELLYO WELL DONE!! -THAT'S AVAILABLE ON ALL SOCIAL MEDIA AND WELLNESSEED AND OTHER THAN THAT'S NOT JUST LIKE THAT? - I'LL TELL US WHAT'S GOOD? AND WE'LL TALK ABOUT IT'S GOT A PODCASH AND WE HAVE A TALKING ABOUT IT ON CHECK IT OUT ON CHEER AND OTHER SOCIAL AND MORE -AND YESTERDAYS AND MORE! AND MORE!!! -THEY'LL BE TALK TO ME AND YESTER DAYS AND OTHER FAST AND MORE. -FAST AND GOTTERRA AND MORE ATTRACTIONS AND MORE ON SOCIAL! (THEY ARE TOTALLY NOT LIKE THAT AND MORE AND MORE!!) -TODAY'S
00:12:29.000Probably going to have to be on Rumble, to be honest with y'all, because a couple of the creators aren't necessarily on YouTube like that, so we're going to have to do it on Rumble.
00:12:35.000Also, speaking of Castle Club, Myron reacting to the Trump assassination is available right now, re-uploaded.
00:14:14.000And what you do, you have to go on Rumble, go on our channel, Fresh and Fit, and then you're going to see videos, you're going to see live, and then you're going to also see playlists.
00:15:01.000Just catch up on what's going on with credit and repair, and as well, Yeah, we try to do it every year.
00:15:06.000We do a travel one, we do a cashback one, we do a business credit card one, which we talked a lot about business credit cards when we had in Bessie here, actually.
00:15:14.000So definitely make sure to check those out.
00:16:34.000We're going to have somewhere between 100, 150 tickets for the guys, and then the rest are going to go to the girls, obviously, because we want to give you guys a good time.
00:16:39.000It's going to be open bar, free food, and we're going to be there.
00:16:42.000Maybe we'll have Sneak on some other influencers there as well.
00:18:00.000So, as you guys know, credit is a cornerstone of success in America, so to speak, using debt to your advantage.
00:18:05.000And at the same time, without credit, guys, you can't get pretty much sometimes apartments, getting a good rate for loans, or even, for example, getting a job sometimes to look at all that stuff for your credit.
00:18:14.000Granted, though, let's say you made mistakes in the past, or you never had a score in general, you got to build that shit up from A1, which means you have to actually know what your score is.
00:18:23.000So some people are like, oh, well, what's your score?
00:18:26.000You don't know because you never checked it.
00:18:28.000So step one is going to be checking your score.
00:18:30.000Now, obviously, you can do it for free, but people pay for it.
00:18:33.000I don't know why, but we're going to cover how to do it for free with no cost at all.
00:18:36.000So you save $10 to $15 on your credit score.
00:18:39.000Go to creditcardkarma.com or any free credit service app.
00:18:43.000Go sign up for that account, log in, and then put your information in, and it'll tell you where your score is roughly between maybe 20 to 50 points off, if not much.
00:18:51.000But it's going to be close enough for you to understand where your score is by default.
00:18:54.000And it's pretty much free, creditcarmor.com.
00:18:56.000Yeah, and they're not paying us to tell you guys that, by the way, FYI. And that's step one, guys.
00:19:00.000You've got to kind of know where you are to identify a route for you, right?
00:19:04.000So you've got to figure out what your credit score is.
00:19:05.000And the thing is that some of you guys might have had a medical bill you didn't know about.
00:19:09.000Maybe a credit card payment you forgot about.
00:19:10.000Maybe you didn't pay a phone bill and you forgot about that.
00:19:13.000Or you are delinquent on some jewelry that you might have bought before where you opened up like a jewelry credit line.
00:19:19.000Or maybe you did something with a dentist where you opened up a...
00:19:22.000One of those care credits for your teeth and you forgot about it, right?
00:19:26.000And you got to identify where you are first.
00:19:28.000So running your credit, figuring out where you are, that's going to give you a good idea of what steps you need to take next.
00:19:35.000But in order for you to know where you're going, you need to know where you're starting.
00:20:32.000Million dollars cash for shitty credit or $100,000 with good credit, I would take the $100,000 in good credit all day over the $1 million cash only with shitty credit.
00:20:42.000Because the thing is, guys, in the United States, anything of real consequence, especially if we're talking about buying real estate, a hard asset, right?
00:20:50.000Which I told you guys the beauty of real estate many times.
00:21:03.000Or if we have time, maybe I'll answer some questions.
00:21:04.000But the point I'm trying to make is that if you really want to get your shit together, if you really want to be that top guy, you want to have your money on point, you need to have good credit.
00:21:14.000Because having bad credit, guys, not only does it disqualify you from not being able to get a house, to get a car loan, to get credit cards, it also will disqualify you from jobs.
00:21:24.000A lot of jobs when you have responsibility or if they give you a company credit card, guess what they do?
00:21:30.000If your credit sucks, guess what's going to happen?
00:21:34.000You're not going to get the fucking job.
00:21:35.000I know for a fact if you're going to get a job in law enforcement, if you're going to get a job for the government, especially if you have a clearance, one of the top things they do is run your credit.
00:21:43.000You're wondering, well, Myra, wait, hold on one sec, that doesn't make sense.
00:21:46.000The reason why, guys, is because if you're going to have a government clearance, a secret, confidential, top secret, SCI, whatever it may be, You can't have debt because when you have debt, guess what happens?
00:21:55.000You're more susceptible to being corrupted by a foreign power.
00:21:59.000I can't tell you how many times I've seen cases where the FBI is out arresting someone that was selling American secrets because they had some fucking credit card debt, okay?
00:23:15.000Use a credit card, pay it off at the end of the month, don't give them no goddamn interest, swipe it like it's a debit card or using cash, and then you pay it off, no interest, and then what ends up happening is you get all these rewards for free if you do it correctly.
00:23:27.000That's not how credit cards want you to do it, but if you're smart, that's how you use credit cards.
00:23:32.000And at the same time, you're increasing your credit score.
00:24:04.000Because you decided to max out your Macy's credit card like an idiot because you wanted to buy some clothes and look fresh for the club on Saturdays.
00:24:13.000So, if you don't get this fixed, right, it's not enough to just have money.
00:24:17.000Because I know guys, by the way guys, that have money, But they have shitty credit because they made really bad financial decisions in the past, and they still don't get certain opportunities presented to them because they don't have good credit, man.
00:24:29.000So this is priority number one as a man, guys.
00:24:32.000You need to have your credit on points.
00:24:36.000You're not a cute girl that can go get a sugar daddy and go ahead and get your bills paid for, or you can have someone co-sign your shit.
00:24:44.000You gotta help yourself, and one of the biggest ways for you to help yourself is to have your finances in check, and to have your finances in check, the cornerstone of that is your credit score.
00:24:54.000Okay, I've yelled at you guys many times in here about using cash or a debit card like a fucking broke peasant.
00:25:21.000If you're right now, some of you guys watching this show, open up your wallet.
00:25:24.000If you pay for things using your fucking Bank of America credit card or your Wells Fargo or whatever the fuck, debit card, excuse me, you're a fucking moron.
00:25:31.000You need to slap yourself right now, okay, on some Home Alone type shit.
00:25:35.000And realize that you're a fucking dummy.
00:25:37.000Put on a stupid hat and realize that you are fucking dumb.
00:25:40.000You need to be using credit cards, guys.
00:26:53.000It could be, for example, stuff in the store.
00:26:55.000Or I have a friend that actually bought a car and I gave it to another friend that bought the car from him, but never took his name off the car.
00:27:04.000So what happened was, the guy gave him the car, he's making the payments, he stopped making the payments, and he didn't discredit, he didn't even know.
00:27:10.000This is why it's important to also monitor your credit score at all times.
00:27:14.000So we're gonna cover right now late payments, and look, it's simple.
00:27:46.000Using credit for money you don't have?
00:27:47.000That's an L. So be smart about making money.
00:27:49.000Sorry, how you spend your money as well.
00:27:51.000But the main thing is your late payments.
00:27:52.000And for most people here on the chat, if you want to make money and be successful, have a credit score, keep in mind, make payments on time, every single time.
00:28:00.000And I've been in America for almost 10 years now.
00:28:03.000I've not missed one payment ever in my life.
00:28:46.000But on-time payments, guys, is super fucking critical.
00:28:50.000I don't care if, you know, it's the last, like, 20 bucks to your name or whatever, just make that fucking payment, the minimum payment, and then just work more hours and figure out a way to make more money.
00:28:59.000But you need to go ahead and make sure that you always make these payments on time because that's gonna affect your credit score the most.
00:29:05.000If you have a bunch of late payments, That's what's gonna knock you down 50 to 100 points on your credit score.
00:29:12.000That'll be the difference between you getting the loan and not getting the loan.
00:30:30.000I have a bunch of LLCs, right, for each property that I have.
00:30:33.000And what I do is I pay each mortgage for each of my properties through that LLC. And I had just set this up, so obviously I set them all up on auto-pay, right?
00:30:41.000But for some odd reason, when I put the bank information, routing numbers, all this bullshit, some of them didn't properly take the money out, right?
00:30:48.000So, you know, I'm doing the podcast, I'm doing other shit, whatever.
00:31:07.000So, literally, me being late on auto-pay, like basically a clerical error for a number not getting put in correctly, That could have jammed me up.
00:31:17.000Luckily, my lender, the guys that I work with, I have a relationship with them.
00:31:21.000And I've been working with them for a while, so they were able to go ahead and contact these companies that were servicing the loan and say, hey, don't fucking put this on his credit report because it's a clerical error.
00:31:30.000Because I had just done a transition where I was moving.
00:31:33.000I opened like 20 bank accounts in one day.
00:31:35.000So you guys know, it's fucking annoying shit.
00:31:38.000Open up all these bank accounts, put in each routing number and each account number for each one.
00:31:43.000Some ones deduct properly, some don't, etc.
00:31:45.000You guys know how it goes when you enroll in auto pay for the first time, especially when you're using banks.
00:31:50.000But either way, so some of them didn't properly take the money out and I was late.
00:31:55.000And I was under contract for another house.
00:31:57.000Guys, one of the worst things you could do is be under contract for a house and get another loan or be late on payments.
00:32:01.000Because that stuff gets immediately reported on your credit report because they're running your credit multiple times while you're in the process of buying a house.
00:32:07.000They run it typically in the beginning and sometimes depending on the lender and all this other shit, they might run it again before you close.
00:32:47.000These mortgage websites are a pain in ass.
00:32:49.000They're all using like the same goddamn server, so I figured it out.
00:32:51.000But either way, the point I'm trying to make is, that could have fucked me up, guys.
00:32:55.000That could have fucked up my deal, and then on top of that, it would have got reported on my credit report, and it would have hurt my ability to get loans in the future.
00:33:16.000I want you guys to really understand this.
00:33:19.000Your ability to procure assets that will build you wealth, and if you do it right, generational wealth, so that you get income coming in, is contingent upon your financial responsibility of paying fucking bills on time.
00:33:34.000That is how important on-time payments are.
00:33:37.000Right now, some of you motherfuckers are sitting with a letter right now on your kitchen cabinet or on your desk saying delinquent or past due or whatever.
00:34:01.000If it could fuck me up as a multi-millionaire with a bunch of fucking assets to my name, I control damn near 11, 12 million dollars of real estate, guys, and they almost fucked my shit up.
00:34:09.000What the fuck do you think is gonna happen to you?
00:34:16.000Because I promise you, you're not paying that Macy card off today, or you're not paying that Visa card tomorrow, or whatever it may be.
00:34:22.000It's going to come back and bite you in the ass, and it's going to bite you in the ass when you're trying to do something significant in your life.
00:34:28.000You got a girlfriend, you got a wife, you're about to build a family, you're trying to fucking buy a house, and then for some odd reason your dumbass forgot to pay a fucking bill when you went ahead and got your braces, or you went to a dinner emergency room visit, and then it comes back on your credit score.
00:37:31.000Homie had an accident on a motorcycle, was out of work for a little bit, and he got a check from, you know, the issue whenever you get hurt, whatever, you get a check for medical, whatever.
00:40:00.000Long story short, I had my bills on autopay.
00:40:03.000So back then, bro, I wasn't making that much money anyway, but having my bills on autopay, on my credit as well, even though I was out of it for like two weeks, everything was paid because it was on autopay.
00:41:34.000Click the link in the live chat or the description.
00:41:36.000You can also go directly to 1775coffee.com and use the promo code STUDIO40 to get 40% off today.
00:41:41.000And as you guys know, we had Chris on, and we talked about this, building a parallel economy in this world.
00:41:45.000Because as you guys know, when you make certain types of content, advertisers don't necessarily want to advertise with you.
00:41:50.000And advertisers are the ones that control social media and control these platforms so we're giving them a nice middle finger back saying we don't fucking need you guys so So go ahead and support 1775 Coffee Guys.
00:42:00.000It supports creators like us that aren't necessarily advertiser friendly because if we want to go ahead and make the content that we're making where I'm swearing at you guys for paying your goddamn bills, right?
00:42:11.000MasterCard isn't necessarily going to sponsor that.
00:42:13.000That's why we have to give these niggas credit card lists of free advertising because they'll never sponsor niggas like us.
00:42:20.000We're going to tell you guys the sauce regardless of us being paid or not.
00:42:23.000But yeah, I've just come to realize, bro, if you've got big deals and stuff like that, you're sponsored by Nike or whatever, you've got to become a bot.
00:42:28.000You've got to become an NPC. And we're just not willing to do that, man.
00:42:37.000But to be fair, some of you need that hard, tough love because if you're soft or nice about it, you won't do anything, so it works.
00:42:42.000I'd rather hurt your feelings here than you get your feelings hurt at the fucking closing office when they tell you, oh, sorry, bro, he can't give you this house, man.
00:43:55.000Now, you need to have history, of course, which is why they have the history as one of the main cursors of credit, but also you need as well to have multiple credit lines open so they can see you're a good borrower and you can also pay back on time as well with no late payments.
00:44:12.000That's going to be paramount to your successful credit.
00:44:13.000Now granted though, during this period of time, with the length of history as well, you need multiple accounts.
00:45:52.000Utilization is the amount of credit that's available to you that you're using, okay?
00:45:57.000So the two most important things when it comes to credit by far are on-time payments and utilization.
00:46:02.000So for example, let's say you get your first credit card and they give you $1,000.
00:46:07.000Well, your first goal when you get that credit card for $1,000 is to number one, use it, and then number two, if you max it out, that you pay it off immediately.
00:46:32.000So credit card companies, guys, they got actuaries, they got all these fucking really smart people out there that have algorithmic, mathematic equations that they use for how common or the likelihood of someone not paying their debt off.
00:46:43.000Because their goal is obviously to lend money, but to get that money back on interest.
00:46:46.000So if they don't think that you're going to pay them back, they'll shut the card off, they'll obviously reduce your credit card limit.
00:46:54.000They'll turn it off, whatever the hell, right?
00:46:55.000So with utilization, guys, your number one goal is when you get your first credit line open, try to get as much available credit as you can, right?
00:47:03.000Because you don't want that utilization percentage to be high.
00:47:06.000So let's say you go ahead and you get that first credit card for $1,000, right?
00:47:10.000And you go and you go buy, I don't know, something for yourself.
00:47:14.000You go buy something for your business.
00:47:19.000But if you had opened a couple of credit cards, let's say you open up another credit card for $1,000, another credit card for $2,000, etc.
00:47:25.000Let's say you got a credit line of $5,000 combined between all those cards.
00:47:29.000Well, that $700 that you spent, that's a way smaller percentage now over your overall credit, and it's not going to ding your credit scores badly.
00:47:36.000Because once you go over 30%, that's when you're going to start to see some actual...
00:48:19.000When you do get your credit card, guess what you don't have to do anymore?
00:48:22.000You don't need to fucking check credit card money these guys.
00:48:24.000When you get your first credit card, guys, Capital One, American Express, Chase, Wells Fargo, like a lot of these credit card companies, you know what they'll do for free?
00:48:36.000They'll let you track your credit score in the app.
00:48:38.000You literally just go in there, click, it'll give you either your FICA score or your...
00:49:06.000They're pretty much damn near the same thing.
00:49:08.000But the point I'm trying to make is that you'll get access to it through the app.
00:49:12.000And then the app will tell you what your credit score is, so you don't got to keep going and paying for these services that tell you, oh, we'll tell you your credit score like a credit card.
00:49:18.000You just use that to get your foot in the door for free, see where you are, and then get your first credit card.
00:49:22.000You get that first credit card, get the app that comes along with that credit card, and then monitor your credit from there.
00:49:28.000It's 99% of the time it's going to be free.
00:49:30.000And then, like I said before, You want to keep that utilization low, and you want to try to get as much available credit to you.
00:49:36.000Now, going back to the app again, you can increase your limit, guys, a lot of times on the app.
00:49:40.000So let's say you have the card for a couple months, you're making your payments on time, you're keeping your balances low, etc., or you make some more money, go ahead and request an increase on the limit.
00:49:50.000That will be good for you because what ended up happening is, let's say you only got $1,000 on there's a limit, say, fuck it, let me try to bring it up to $2,000.
00:49:56.000If they bring it up to $2,000, well, now that's $700, it went from 70% utilization down to 35% utilization, right?
00:50:18.000Give me ones in the chat if that makes sense, guys.
00:50:20.000I know for us this is like common sense stuff, but I know for a lot of you guys you might be like, what the fuck are these guys talking about?
00:50:24.000If you're not familiar with credit, this might be like another language for y'all.
00:50:34.000No, there's a hack you can do as well to kind of beat the system.
00:50:37.000This is very important because if you do this correctly, you can run up your credit card, pay it off at the right time, and it won't report to your credit history in a negative way.
00:50:46.000So if you know your statement date, whatever it's Chase, Wells Fargo, whatever company you use, right?
00:50:51.000It's a statement date that they report to the actual history as well.
00:50:56.000If you know that actual statement date, guys, you can pay before that date comes up, pay it off, and what you do is, you do this enough times, guys, and they're going to say, okay, his history, he's paying off this high amount each and every single time, close to the actual, you know, max number.
00:51:11.000So let's say you're making like maybe 60% of your credit card, you know, Capacity, right?
00:51:17.000And they're seeing it over a period of time.
00:51:19.000You're paying off before the statement date because you can call them and say, listen, I'm using this card a lot.
00:53:06.000We're going to give it to you all for free.
00:53:08.000So, typically, people spend money on credit, they forget about it, and they leave it.
00:53:13.000Now, sometimes things happen to you, like I said before, medical issues, you get in an accident, you got to pay the fire ambulance bill, whatever, and it's like, they didn't...
00:54:08.000Once I can see what it is, I can fix it because people often, more often than not, live their life, they have credit, and they don't check it at all.
00:54:16.000So things go by a couple months, years, and it does affect you negatively.
00:54:22.000This is why it's important to know your credit score from the very beginning and know all your accounts under each, you know...
00:54:28.000Because then you can start reaching out to these companies, assuming it didn't already go to, if it's already a collections, but you can kind of have a footprint of, okay, these are the people I need to contact, these are the people I owe money.
00:54:37.000Now, if you don't pay on time, and time has passed, companies will buy your actual debt, and then they'll try to get it from you.
00:54:55.000Whenever I see someone and their credit scores in the 500, 400, etc., A lot of the time it's because your debt has now went over to a collection agency.
00:55:02.000And when a collection agency has it, these are the guys that call you and hound you, right?
00:55:07.000Because what they'll do is they'll buy that debt from the credit card company or whoever you owe money to.
00:55:11.000They'll buy it really reduced and then they'll go to you and they'll try to collect money on that, right?
00:55:16.000So you can use this to your advantage.
00:55:19.000Let's say you owe a thousand bucks and the collection company keeps hounding you for this fucking money.
00:55:23.000Well, what you could do is be like, look, I only got 800.
00:57:42.000But he dressed the part with the look, had the rented Maserati, because it was probably rented, and took her out to the restaurant, didn't pay the bill, made her pay the bill, and just dipped.
00:58:05.000Yeah, I mean, because, you know, when you get good credit, like, here's the other thing too, guys, like, sometimes, like, every time, if your card gets declined, it's one of two things.
00:58:13.000Either A, you're a brookie, or B, you've got really good security on your credit.
00:58:16.000Because, like, if you go to try to buy something that you normally don't go shop at, they're going to be like, what the hell, is this you?
00:58:21.000And then you'll get a text message or a phone call.
00:58:23.000Then you just say, yes, one, it's me, or whatever, and then you do it again, and it'll work.
01:01:21.000Most banks and credit card companies allow you to change your due date, change it to 7 to 10 days before their report date, and that will help keep a positive report and a good score.
01:02:41.000I just want to say, wanted to share today's W with the fam.
01:02:43.000My mom asked me if I would help her get the cosmetic surgery she's wanted for the past 20 plus years, but put her kids first instead of getting it.
01:06:12.000If you're in the 600s or 500s, God forbid, or 400s, or you said some nigga had 390, like, bro, I think there's dead niggas that got better credit than that, goddamn.
01:09:23.000If you're gonna, like, let's say you get your credit score to a certain point and you're like, alright, cool, I can finally get my credit card.
01:09:28.000I want you guys to apply for as many credit cards as you can in that time span.
01:09:35.000And the reason why is because if you do multiple hard inquiries in a short span of time, The credit bureaus look at it as you're either trying to open a credit card or you're shopping rates, basically.
01:09:46.000Because when you're trying to buy a home and you're looking at lenders or anything like that, or you're trying to buy a car and you're looking at lenders, etc., it's very common for people to go with different lenders and get quotes.
01:09:58.000And for you to get a quote a lot of the times, they'll lie and say, oh no, it's a soft pull.
01:10:03.000Bro, it's gonna be a hard pull, man, every single time.
01:10:07.000So your goal is to do that hard pull, multiple them at the same time, because what'll end up happening is the companies know that people are typically shopping rates when they do that.
01:10:15.000We're trying to open multiple credit cards.
01:10:17.000Do them all in a time span, and it'll count as one hard inquiry.
01:10:39.000Once you're under contract, or if you're going to do, I think with cars too this applies.
01:10:43.000I know for houses this will fuck you up.
01:10:46.000Once you're under contract and they do your hard inquiry, guys, please don't do applications for any credit cards or any lines of credit until you close that deal.
01:11:11.000While you're in the process of doing this deal and closing the deal, especially like a house where you got a lot of times it's 30 days to close, don't apply for no credit cards.
01:11:19.000Don't open up any new lines of credit.
01:11:21.000Don't try to fucking buy something, a car, none of that shit.
01:11:24.000Don't try to finance furniture because people do that shit all the time.
01:11:27.000They'll try to finance furniture because they're like, we're going to get a house!
01:11:30.000And then guess what happened, you dummy?
01:11:32.000You might have just got that loan by the skin of your teeth for that home loan, and then you go ahead and you get this furniture.
01:12:01.000And let me guess, because most Americans do this, by the way.
01:12:03.000They maxed out, not maxed out, but like the home loan they got, they got it by the skin of their teeth because they went off to afford the most they could afford.
01:12:53.000Try to get the $300k to $400k house, right?
01:12:55.000Have it where you're not like maxing out your affordability on the home.
01:13:01.000Because what ends up happening is you get the loan by the skin of your teeth, you try to open up another line of credit because you're an idiot and you don't understand what the fuck's going on.
01:13:08.000Or this is very common where people, we mentioned the furniture example because that's so common.
01:13:11.000People do that and fuck their shit up.
01:13:12.000And a lot of lenders won't tell you don't apply for any other lines of credit because they just might not.
01:13:17.000And most Americans don't understand this shit.
01:13:19.000So what ended up happening is You'll fuck up the loan, and then you won't be able to close.
01:13:23.000And now you're stuck with all this furniture.
01:13:25.000Nobody tells you this before you do it.
01:13:44.000Now you go ahead and get the furniture and all this other bullshit.
01:13:46.000And then also the other thing I really suggest when you're trying to buy a house is keep all your credit cards because they're going to run a hard inquiry when you apply for this loan.
01:13:54.000They want to see your monthly commitments to debt.
01:13:57.000Try to bring your credit cards down to zero as much as you can when you apply for that home loan, guys.
01:14:02.000Try to make it where you have very little debt because everything is going to be based on how much you owe.
01:15:26.000Let's face it, why would you feed your family members snacks that are so foul-smelling and even worse-tasting than you'd ever think to eat yourself?
01:15:51.000Anyhow, but now with Positive, he can eat positive dog food with a positive smell.
01:15:56.000This is why we at Rumble started Positive Health, a company founded by people who are not only fighting for free speech, but love their pets enough to make healthy, clean ingredients and great tasting superfood supplements, waffles, and pet products that are human grade.
01:17:43.000Now granted, these actual incidentals can cost you a lot of pain and suffering in the future because those actual ailments stay in your credit history for seven years plus.
01:17:57.000Which means you're going to get another loan, they're going to say sayonara, nobody, you can't get it.
01:18:03.000So you want to avoid at all costs getting a foreclosure or bring up Z. And guys, I'm telling you right now, man, paying off debt, it sucks, bro.
01:18:11.000It's the biggest L you can take because damn, I gotta spend my money that I got right now on things I did in the past.
01:18:19.000But the benefit is you stay as a good member within the credit system to use your advantage later on.
01:18:27.000Anyhow, what I'm saying is that right now, with these two things here I mentioned before, foreclosure and bankruptcy, this happens to you guys.
01:18:33.000For seven years, you're stuck with this on your history, and it doesn't go away.
01:18:36.000So to avoid this happening even in the first place, don't be in a spot at all.
01:18:41.000I'm simply saying, guys, you don't buy what you can't afford.
01:18:44.000If you can't afford it, guys, don't buy it.
01:18:46.000And if it's a property, guys, you better have at least...
01:18:49.000And this is at least, I would say, a year to two years of savings to pay your mortgage, at least, so that you can maintain while you find another job or do another business.
01:18:57.000But if you're gonna buy a property, be house poor, I did at 1.2, be mindful, if you get foreclosed upon, you get bankruptcy, it will definitely destroy your credit, and it lasts for seven years, and guys, that's no joke at all.
01:19:23.000So guys, typically speaking, we have an issue where people have bad, I want to say, credit points, which means they have bad things that happen on the credit.
01:19:33.000For example, they have a miscellaneous charge that they don't know about.
01:19:53.000They have to respond to you no matter what.
01:19:55.000If they don't respond to you, it gets cleared instantly.
01:19:58.000So here's the good part about it, right?
01:20:00.000Within, I believe, 30 to 90 days, if they don't respond to your actual letter that you send to them, Guess what, guys?
01:20:06.000That charge or, for example, that actual credit point you have, repo, whatever that means, can't be taken off your credit completely because they have to respond legally within a time frame.
01:23:19.000You want to talk about authorized user?
01:23:20.000Yeah, so, guys, if you're blessed enough to have your credit line tied to a good creditor, like your mother or auntie or uncle or father that trusts you, you trust them, and they have a high credit score, stay.
01:23:34.000That right there, guys, is cheap code to heaven because that right there, you're basically absorbing their history and length of period of credit within yourself for nothing.
01:23:43.000They just put you on their credit history and you build up credit length, time, and everything for nothing.
01:24:25.000For some of you guys, like, okay, let's assume that your authorized user isn't the greatest or you might not have that ability to, like, you know, have other loans in your name or whatever.
01:24:34.000Guys, that's a really good starter credit card.
01:24:36.000You can get one secured and unsecured.
01:24:38.000Or if you get the one that's secured where you got to put some money down on it, you can transition it over to an unsecured credit card later on.
01:24:44.000So it's a really good starter credit card.
01:24:46.000And we did a whole episode on this, guys.
01:25:17.000The pro tip for you guys, always have at least one Visa and or one MasterCard on you at all times.
01:25:23.000Even though I'm an American Express guy, I understand that Visa and MasterCard are just master race, bro.
01:25:28.000They're going to be accepted everywhere.
01:25:29.000And then especially if you're an international guy, you like to travel internationally, Oh man, I found this out the hard way.
01:25:34.000Guys, always have a Visa MasterCard if you're going internationally.
01:25:37.000And try to get a travel credit card, like a Capital One Venture, one of these cards that doesn't have transaction fees, foreign transaction fees.
01:26:31.000Is it better to get multiple credit cards when you run a business, personal credit use, or increase the limit of one card, bank and Navy, Fed, and currently have one cash rewards card?
01:26:44.000Have one travel credit card, have one cashback credit card, and then have one, what I call like a multi-purpose card that gives you all kinds of benefits.
01:26:51.000You mentioned Freedom to Flex, which is a fantastic card for that.
01:28:02.000How did you go about, for the audience, because this is actually important, because there's a bunch of y'all right now that probably need to start a credit card.
01:28:07.000How'd you transition over to the unsecured one?
01:28:14.000I had clicked the link that you guys had sent in the show at the time, and then all I had to do, because I had to use it a couple more times, apply.
01:28:23.000There were times I had to send a letter.
01:28:25.000Very similar to this, and they ended up approving it.
01:28:28.000Especially when my credit got up to $700.
01:28:32.000It was about $720 when I ended up applying for the unsecured.
01:28:35.000How long did you have the unsecured before you transitioned over to the unsecured?
01:33:03.000I'm like 20 years old doing this stupid shit, 21 or something like that.
01:33:06.000Pull out my fucking husky car because I was in college at the time, and I tried to slide it down her ass crack, and they fucking kicked me out the fucking car for that shit.
01:33:12.000If you did that shit in Miami, bro, it would come out to you so fast, bro.
01:33:15.000Nigga say, get the fuck out of here, man.
01:33:17.000Yeah, Martin not even denying the allegations, bro.
01:33:38.000I was next based a few minutes ago after Marcel said federal government, I will say that you should have cornered him with how the federal government get that fund.
01:34:44.000Because I was in a space before this arguing with some dumb fucking FBA. Hey, FNF, I asked my seven-year-old son what he wanted to do when he grows up.
01:34:53.000He said he wants to own a gas station for free snacks.
01:34:56.000Anyways, I think it'd be a good business, a good idea to make Money Monday for owning gas stations.
01:35:58.000I currently have 70,000 personal credit limit, and I wanted to pay off my truck I bought two years ago for 24k.
01:36:03.000I sent my boy, I trust 100%, 7,000, he sends it back to my PayPal.
01:36:06.000I use my credit card to send it, which I do lose 3%, but I get 2% back.
01:36:10.000And I put a flex pay for monthly payments with zero interest, zero monthly down on my offer, and then having a high credit score of 767 plus truck is 100% paid off in my own bank.
01:36:46.000Question, if I got a gym membership with a prepaid debit card and never canceled and the dudes keep adding up, would it eventually come back as collections?
01:37:38.000I usually have two tabs open, Castle Club and Rumble while watching, but the playlist on Rumble is super impressive, WMO. Thank you, Mo, so much for doing that, bro.
01:38:04.000Okay, you know, I'm not gonna yell at you because you probably came in late when Fresh fucking told you guys for like the better part of a year to not buy a car.
01:38:14.000Listen, brother, just keeping it real, bro, you're a dumbass.
01:38:18.000Now, granted, hopefully you didn't see that episode so this would make more sense to you, but just so you know, man, buying a car nowadays...
01:39:09.000Or, what you can do, this is a little trick here, find a cheaper car, like a Toyota, Honda, something like that, and transfer that balance to that new car, and there's gonna be a difference you gotta pay, but at least you get it through your car with the difference.
01:39:22.000But honestly, just pay it off, bro, at this point.
01:40:56.000Even my close homie spending the past six years to save cash for a house cash even though he has a 750 credit score and bar goes higher because housing prices.
01:41:06.000Black folks just don't trust credit and we need to fix that WFNF. Yeah man, that's why we're trying to educate you guys this stuff.
01:41:10.000Guys, I mean, I'll just be honest with y'all.
01:41:12.000If you're buying a house cash, you're fucking stupid.
01:41:31.000Either A, you don't have the time to do a conventional deal, and it's the end of the year, and you want to go ahead and get that house into your portfolio before the year ends.
01:42:04.000And you get that one house, and you get the tax benefits of that one house.
01:42:07.000Or, you could take that $400,000, buy four houses, put 25% down on each house, and now you basically, you just acquired $1.60 million worth of property.
01:42:18.000Guess what you could do with each of those properties?
01:45:37.000This Lambo was supposed to be a fucking winner for me, and this f-word, I won't say it on YouTube, but I just had to pay 140k to get this shit off my nigga!