In this episode of the Fresh Fit Podcast, Myself and Myron Unleashed talk about the new Overwatch League and how it's going to change the game. We also talk about business credit cards and how they should be used in your everyday life. We also give our thoughts on the new Pokemon Sword and Shield game and how the new game is going to impact the way we grow as gamers. We finish off the episode with some shout outs to some of our favorite Overwatch players. This episode is sponsored by Fresh Fit. Fresh Fit is a sports nutrition and fitness apparel company. They are a proud affiliate of the Overwatch League. You can support them by becoming a patron patron and/or a supporter of the team. If you like the show, please consider pledging a small monthly amount to support us in the form of a monthly credit card. We will be giving out $5 or more to the best patron who leave us a review and we'll give you a shoutout in the next episode. Thank you so much for all the support we've gotten so far! We really appreciate it and we look forward to hearing from you! Subscribe, Like, Share, and Share the podcast! Cheers, Myron and Captain T-Bag. -Merry Christmas! XOXO! -Tune into the regular edition of the podcast, FreshFit Podcast! Subscribe to the regular podcast, and Don't Tell a Friend About It? - Myron Unleashed Podcast, and I'll Tell a Story about It's Money Monday! . -Myron Unleashed , and much more! -TODAY'S Money Monday Podcast, I'll be back with more Money Monday, and more! , Myron Uncayday, and Much More! -MONEY Monday, and much More! xo -BRAODO - Thank you! -PODCAST, -POTTERYO & MUCH MORE! -BEN CHECK OUT! -GOT A PODCAST -FAST FOLLOWING? -KUYO, SONGS, GOTTYO, BOTYO TAYO'S, ROTY, AND MUCH MORE -ROTY'S BOWY, POTTER DAY, AND MORE! & GOT A BODY, BOOYO'O TOTALLY CHASED?
00:10:23.000We're bringing it back to 2004 or 2005 where you can go in that lobby and talk shit and say what you've got to say and roast people for having nerdy-ass voices and being losers.
00:11:13.000So instead of like, you know, saying pussies, I got to spell it with like a bunch of O's instead of a U. Or if I want to use the F word, if you guys know I'm talking about bundle of sticks, I got to go with a P-H. And then A-A-A-A-A-G-O-T-S. You know, shit like that.
00:12:52.000We're going to re-upload it back for you guys.
00:12:53.000We're going to just have to edit real quick the rumble chat at the top because they go crazy in the rumble chat, and we'll put it back on YouTube for y'all.
00:12:59.000But other than that, man, I think we're pretty much good.
00:13:02.000What about you, man, your CEO network?
00:13:04.000Actually, before that, the vlog channel.
00:13:41.000And then last but not least, if you guys want to get type into the network, add value, give value, you want success, learn from mentors, hop into the SEO network.
00:15:18.000Watch the episode that we did with Steve, our accountant.
00:15:22.000But obviously you can start it up as LLC, but at some point within the first year you want to switch it over to an S-Corp.
00:15:26.000Most of the time you're always going to want to switch over to an S-Corp unless it's a real estate property and then you can keep it as LLC. That's the only time you're really going to keep it as LLC. But otherwise you almost always want to switch over to S-Corp.
00:15:36.000Once you have your business established, guys, you want to open up a bank account, show some money in there, and then apply for a business credit card.
00:15:45.000I've noticed that Amex is the easiest to get a business credit card with.
00:15:49.000But keep in mind that a lot of times you're going to have to use your personal credit in order to qualify to get the business credit.
00:15:57.000So make sure, yeah, you're going to have to be the guarantor or whatever they may say, especially if your business is new.
00:16:01.000So the play is, is to build your personal credit to 720 plus and then apply your business once you make an LLC for your business credit cards.
00:16:13.000When you first start your business off, guys, you might not have the credit or you might not be able to get a business credit card off RIP. History.
00:16:24.000For example, when we started Fresher Fit, right, I used my personal credit card to buy a lot of the stuff that we had, right?
00:16:31.000Then, when everything was all said and done, I just separated those transactions and I showed it to my accountant.
00:16:35.000This is the stuff I bought for the businesses, etc.
00:16:37.000And then I immediately got a business credit card after the fact.
00:16:39.000But that first year, right, where you're still getting things ready, you're still creating your LLC and everything else like that, things might be a little discombobulated and it's not going to be easy to offer it to have a business account and have everything ready to go.
00:16:51.000If you could do that, that'd be awesome.
00:16:57.000So you don't have all the resource a lot of the times.
00:17:01.000You want to go ahead and try to obviously open up your LLC as soon as you start making some money and then apply for that business credit line.
00:17:08.000You're going to have to use your personal credit, so make sure that your personal credit is good to get that first business credit card.
00:17:12.000And then I've noticed that Amex tends to be the easiest to get a business credit card with.
00:17:40.000We can assure that he's going to have an account with us, one, but two, he's actually a good customer.
00:17:44.000So we'll give him the card as well as more of a, I want to say, is a better option for you.
00:17:48.000So, I think if you have a bank account with somebody, Chase, Wells Fargo, or Bank of America, it's easier to apply for that credit card from them.
00:17:53.000Alien Papa, we're not saying showing your account and your work purchase enable you to get a credit card.
00:17:59.000What I am saying, though, is that if you don't have your business credit card and you're purchasing things for the business and you use your personal credit card, you need to make sure you differentiate what you purchase for the business from your personal stuff and let your accountant know so they can deduct that.
00:18:12.000Because a lot of the times, you might not have a business credit card when you start your business off, So you're going to need to make purchases for your business, right?
00:18:38.000For everything for the business, so that way I was able to easily track it, and I was like, okay, I know this, I use this card for, you know, fresh to fit slash unplugged fitness crap, whatever, and then eventually, I open up that credit card, you know, fairly soon after that, that business credit card, then I use that for everything, and then that makes your life way easier, because then at the end of the year,
00:18:54.000you just print out, you know, January 1st to December 31st.
00:18:58.000One big ass statement that shows all the expenditures and then you just give it to them.
00:19:01.000And then now I have it where I have one for a fresh, I have like two cards for Fresh Fit and then I got one for my real estate business and then I just give them to my accountant based on whatever it may be.
00:19:10.000But that's where you want to get to eventually.
00:19:12.000But in the beginning, you're not going to be able to open up a business line of credit because some of y'all might not even have an LLC made yet.
00:19:17.000But you want to start your business and that's fine.
00:19:19.000You can start your business without starting the LLC and you can incorporate after the fact.
00:19:22.000But make sure that your personal credit is good because you're going to need to use your personal credit to get the business credit, guys.
00:19:27.000And then after that, then you want to start using your business credit to charge for things because when you use your business credit, it's not going to affect your personal credit.
00:19:37.000That's the main benefit, guys, of using business credit cards is they have higher limits.
00:19:43.000You're able to charge way more on them a lot of the times.
00:19:45.000And most importantly, it does not affect your personal credit to the same degree as when you use a personal credit card.
00:19:51.000When you use a personal credit card and you go 30% over utilization, they're going to ding your credit pretty hard.
00:19:55.000But if you have a business credit card and you spend $100,000, it's not going to have the same effect on your personal credit score because it's a business credit card.
00:20:04.000I think as well, don't forget that with business credit cards, you can also get better rates, one, and you get higher limits like you said before.
00:20:12.000But keep in mind too as well, with the business credit cards, if you don't have actual credit from before, like it's hard to get a card, like personal guarantees that we said earlier.
00:20:21.000Yeah, so just keep that in mind, guys, that you want to have good personal credit so that you can get your business credit line open, and then you can start charging on your business credit card.
00:20:32.000And we got five business credit cards for you guys today that you can use that will help you in your entrepreneurial ventures.
00:20:38.000Yeah, and then one more thing as well for business, if you're using credit cards for business purchases, if you have employees, right, that you work with on a daily, you can get their own cards from your actual account.
00:20:49.000But you can manage their expenditure way easier, see what they spent for the month, and then tally it up for your taxes as well.
00:20:59.000So, in my real estate business, guys, my manager, My dad has a credit card and my dad has a credit card.
00:21:05.000Because my manager here in Florida, Roger, he runs my properties here in Miami.
00:21:10.000And then my dad is my property manager in Connecticut.
00:21:12.000So they both have an Amex Gold that I gave them both.
00:21:15.000And then they go ahead and just use it to whether they're hiring people to fix stuff, right?
00:21:19.000Like the other day, we had a pest control guy come by or if I do something with the air conditioning or whatever it may be.
00:21:26.000Because trust me, Stuff is going to break down and you don't want to sit there having to constantly be the one to pay and all this other stuff.
00:22:26.000But yeah, I basically give them that's a good point.
00:22:30.000So give your employees, guys, basically credit cards where they can go ahead and purchase things on your behalf, and it all comes in one statement, and you'll be able to see it.
00:22:38.000So it makes life a lot easier for you so that you don't have to be the one running around and give them the card and shit.
00:22:44.000So if they go to a place and then they try to...
00:22:46.000Let's say they try to use your card but it doesn't have your name on it.
00:22:50.000And they'll be like, oh, well, we're not going to authorize this purchase because this could be fraud.
00:22:54.000Especially a lot of these retail companies now.
00:22:55.000They're worried because retail fraud is one of the fastest growing crimes.
00:22:58.000You give them a credit card with their name on it and they can make the purchase on your behalf.
00:23:01.000So in my situation, the people that run my properties, they have credit cards so they're able to go ahead and if shit needs to get fixed or whatever, they just make it happen.
00:25:15.000They're going to do their first call this Friday, Miguel and Charlie.
00:25:17.000They're going to be giving very intensive Zoom calls for like 10 days, I think, or two weeks, where they're going to teach you guys everything you need to know about crypto, whether you're a beginner, all the way up until advance.
00:28:00.000Debt-free, then focus on the business.
00:28:03.000Now, granted, if it's going to be higher profits than your interest rate, then maybe you want to play the numbers and see what happens.
00:28:10.000But generally, I would say pay for debt first, then invest into the business because you're going to be at a deficit currently at this point.
00:28:16.000Yeah, whenever you have super high interest loans like that, guys, you got to pay it off, bro.
00:28:20.000Because it's going to eat you alive down the road.
00:28:22.000That's damn near a credit card interest rate, man.
00:29:12.000We need to do an episode for you guys on how to, we should do it at different levels.
00:29:16.000Like, how to buy, how to purchase a vehicle properly, whether it's a, you said don't buy a brand new car, so I guess never buy a brand new car.
00:31:43.000And then Fresh has more resources now, too, because he has his...
00:31:45.000You literally have a car rental business, so...
00:31:49.000I'm going to drop a full-length video about this, but you can actually get cars that you want, rent them out, let it pay for itself, and have your dream car at the same time.
00:31:59.000We'll talk about it more, but that's coming in the near future.
00:32:56.000User goes, hey, FNF, I live in Ireland, but there are no credit cards here slash scores.
00:33:01.000If I was to come to the U.S. and tell a bank, hey, I want to open up a bank account slash credit card credit, but I'm a student in Ireland and don't live in the U.S.A., can I pay bills on time in Ireland, etc.?
00:33:12.000I think there are credit cards for foreign nationals that you could apply for.
00:33:17.000But you might have to go ahead and start with maybe a secured credit card or something like that.
00:33:24.000Jeremy Williams goes, Good evening, fellas.
00:33:26.000I've been trying to get in contact with you.
00:33:28.000I have a trucking business called Running Scared Trucking and would love to be on the show and talk about the ups and downs of the trucking.
00:34:37.000Clego Myron goes, when you guys planning on talking geopolitics again and them boys with either Scott Ritter, Douglas McGregor, Jake Shields, Owen Benjamin, Ryan Dawson, etc.
00:35:32.000Could you please do an episode with an expert to talk about credit and especially real estate in Australia, A to Z? Rules are so different.
00:36:20.000Third iProfit goes, so I tried getting in the crypto course, couldn't figure out how to buy it with crypto messages, support email last Friday, and have nothing from them.
00:37:38.000All right, before I watched, this nigga make fun of me.
00:37:40.000Before I watched FNF, I was a tech nerd virgin making 300K, and now I'm a Miami club promoter getting late every weekend making 40K. Thanks, guys.
00:37:47.000Also, y'all should listen to this song, Domestic Violence by Pretty Whores.
00:37:50.000I think it's about Amber Heard and Johnny Depp or O.J. Simpson.
00:40:46.000Always use credit cards that pay you back.
00:40:47.000Whether it's a travel credit card or a cash credit card, I always typically recommend that when you get a credit card, guys, a beginner, your first...
00:40:55.000Credit card that's going to give you some kind of value back.
00:40:57.000The best one that most people are going to benefit from is a cash back credit card because you can always use cash or you can always, you know, go ahead and afford to get a credit to your statement like this situation does.
00:41:06.000So, you know, down the road when you, you know, when you start a business or you got to travel or you want to travel or whatever it is.
00:41:14.000Or you have certain types of, you spend money at one place all the time, you want to get a specific credit card for that place that you spend money at.
00:41:20.000But in general, when you get your first credit card that gives you some type of reward, guys, cash back is always the way to go.
00:41:25.000And you always want a credit card that gives you 2% cash back, if not more.
00:42:13.000Brokies use cash or debit cards, okay?
00:42:15.000Anytime I see somebody pull out a fucking Bank of America debit card or a Chase Bank debit card or a fucking TD Bank credit card, I'm like, brokie, poor.
00:42:48.000I never spend money unless it's going to give me a benefit back.
00:42:51.000Whether it's a tax write-off, it's going to be cash back, or something like that.
00:42:54.000You always want to have a credit card for the situation.
00:42:57.000And then if there's a situation that's kind of more general, right, you buy some groceries or some shit, okay, the cash back credit card is going to work.
00:43:02.000But for some of you guys, right, that love to go grocery shopping and like to cook and you niggas want to be Amarillo Lagasse and shit, that's fine.
00:43:08.000There's credit cards that you can use specific to grocery shopping.
00:43:11.000They give you like 3% to 5% cash back.
00:43:13.000So, there's always a credit card based on the niche that you like to spend money on.
00:43:17.000If you're always buying gas because maybe you're a truck driver, or maybe you travel a lot, you like to drive, you're one of these like, you know, like to be on open road type niggas, that's fine.
00:43:24.000There's credit cards that are specific to gas stations that give you 3-5% cash back.
00:43:29.000You like fine dining, there's credit cards that are specifically made for that.
00:43:32.000You like to fly fuckin' a certain airline, Southwest or whatever, they got credit cards for that.
00:43:36.000So there's no excuse ever to use a debit card or cash for anything, guys.
00:45:16.000For anything that you want to apply for a loan in general, right?
00:45:18.000You're going to be able to get a very good and competitive interest rate because your credit score is high.
00:45:23.000And the thing is, a lot of times, especially if you're trying to buy a fucking house, guys, you want a 30-year fixed loan, you want your credit score as high as possible because that 30-year fixed loan that you're getting, assuming you don't refinance or do anything else like that, you're going to be stuck paying that interest rate forever, right?
00:45:37.000But if you have a good credit score and you've got the interest rate, say the market's at 3%, and you're able to get it close to that 3%, bro, you fucking won!
00:45:45.000You just saved yourself thousands upon thousands of dollars by having a good credit score.
00:45:50.000Just from not being an idiot and using a card that you would have been using anyway to purchase things.
00:46:02.000The smart thing to do, guys, obviously only spend money that you have, right?
00:46:06.000But you should be using that credit card to purchase the things and then pay it off in full so you don't give these credit card companies any interest rates.
00:46:12.000Because if you guys don't, you guys can see here, interest rates fluctuate wildly from 17 all the way up to, I've seen, 30% plus.
00:47:00.000We're not sponsored by none of these cards.
00:47:02.000We're telling you guys to get these cards because we genuinely want you guys to get your credit score up, have multiple credit cards in your arsenal, and get free money, get free travel, get free points, and not have to pay for stupid shit that you can get for free.
00:47:13.000The fuck you talking about credit skimmer?
00:47:14.000What the fuck is a credit skimmer anyway?
00:47:16.000I wish when I was coming up, I had channels like this telling me what cars to get.
00:47:21.000Because I didn't know what to get myself.
00:47:22.000I mean, bro, if you don't see the value in this, bro, just leave, man.
00:48:14.000Personal credit cards have limits to it.
00:48:16.000Obviously speaking, it's personal credit against your as a guarantee.
00:48:19.000Versus business credit uses businesses for like a, I want to say, foundational pull, which means your business is going to be liable for everything.
00:48:27.000If you don't want to, you don't want to put your personal credit score.
00:48:29.000But business cards, like this business unlimited here, the limits are way higher because it's a business, one.
00:48:35.000And two, the more you pay it off, the more history you create with this company, which is Chase, the more they'll give you on the credit card.
00:48:43.000I had this card when I first got into business, maybe like, I want to say, four years ago.
00:48:50.000And this card right here, guys, I had a limit of like, what, 10K? It is not well over 50K. But again, paying it off over a period of time, every single month, they trust you with more loan-to-debt ratio anyway.
00:49:03.000So the point is, guys, you can get a way higher limit using business credit cards as well.
00:49:06.000But this card is unlimited, 1.5% cash back.
00:49:09.000I wish I knew about the American Express book cash before.
00:49:13.000But I banked with Chase, so I wanted the best card with them for cashback that I could see.
00:51:12.000And then you're able to get the free points and the rewards and travel the world and buy free shit off your points for absolutely free and for money that you were going to spend anyway.
00:51:20.000That's why I'm so big on telling you guys.
00:51:22.000I know I got to drill it into your heads.
00:51:48.000And that credit card better be giving you some kind of fucking benefit.
00:51:50.000And if it's not giving you a benefit, it better be a fucking startup, you know, a startup credit card or a beginner credit card, maybe a secured credit card to get your credit score up to a point where you can finally apply for and get a good credit card.
00:52:00.000Whether it's a travel card, a cashback card, whatever it is, get your fucking credit score up.
00:52:26.000Like, we don't benefit at all by telling you guys this shit.
00:52:28.000Like, we just want y'all to have your credit score up so that you guys can be in a position where if you want to buy a house, you want to buy a car, you want to get a personal loan to deal with something, etc.
00:53:06.000Because literally, guys, your whole life, if you're not going to be, I want to say, in the system, you're going to need credit at least sometime or another.
00:53:13.000So, guys, understand credit is very important to your success.
00:53:16.000Even as a business owner, you're going to need credit.
00:53:48.000But if you're watching this podcast, you're a higher IQ individual.
00:53:51.000If you're watching our shit already and you can see through the bullshit and the clips and people trying to make us look like crazy, massages, whatever, and you're here watching us, I already know for a fact that you don't go with the social narrative.
00:54:02.000You go against the grain and you're probably higher IQ than most people.
00:54:05.000So look, since you're a higher IQ than most people, we need to do higher IQ moves.
00:54:09.000We need to leverage credit to our advantage, guys.
00:54:12.000And the biggest reason why I want you guys to have good credit is at some point I want all you motherfuckers to own a real estate property.
00:54:18.000We don't want you to have a real estate property.
00:54:19.000When you have a real estate property, guys, that is an asset that will pay you back not only in rent and appreciation, but guess what?
00:54:25.000If the fucking storm hits and you guys are broke and you ain't got no money, blah, blah, blah, guess what you could do?
00:54:29.000You could do a fucking cash out refinance, you could do a home equity line of credit, and you can borrow against your fucking house.
00:54:47.000Because they borrow against their assets.
00:54:49.000When you borrow against your assets, you don't have to pay taxes on shit.
00:54:52.000Their earned income is down, but they're borrowing against assets that they purchased, and they're getting millions upon millions of dollars off of their fucking assets, and they don't gotta worry about shit, and they're paying the tax man less than you pay.
00:55:02.000You make 50k per year, some of y'all right now, watching this fucking show, making 50, 60, 70, 80k per year, you guys are paying more taxes than Grant Cardone.
00:55:09.000Some of you guys right now that make 100k per year, 120k per year, etc., I pay less taxes than you motherfuckers.
00:57:29.000The last business one that we were going to do, I was going to put this card on the list, but I was like, nah, niggas are going to get lazy because it's 60 days.
00:57:42.000For business itself, I understand why you may want this card.
00:57:45.000Because at least 60 days is more time for you to pay it off.
00:57:49.000Because, let's be honest here, some businesses are a little slower than others, and let's say for the first month, you don't have all the money you need to make, then you can't pay your card off right away.
00:58:04.000So, listen guys, if you have a business, right, where cash flows aren't as good as you want it to be, maybe it's e-commerce, you have to wait for money to come in.
00:58:10.000Or you might have some type of weird net 30, net 60, where you don't get paid until the month after the fact for a month that already closed.
00:59:07.000Because some Amex cards give you foreign transaction fees.
00:59:09.000And you guys are probably wondering, what the fuck is that?
00:59:11.000So let's say you use your credit card in another country.
00:59:14.000You'll get hit with those foreign transaction fees and they can add up very quickly, guys.
00:59:18.000Most credit cards don't have foreign transaction fees.
00:59:21.000That's why I always suggest that you have at least one travel credit card in your repertoire, guys, because you can avoid foreign transaction fees like this.
00:59:30.000And then return protection, which a lot of credit cards have this, but yeah, like if you end up where, you know, consumer protection when you purchase things.
00:59:37.000Let's say you buy an item, never receive it, then you can just call AMX and they'll get it back for you.
00:59:41.000That's another reason too why you always want to use credit cards, man.
01:00:53.000It actually hit me, I think, at the end of the year, I think December.
01:00:55.000I just used the points that I already had to just pay it off.
01:00:58.000So you can use points that you accumulate, right, from using the card and just use those points towards that annual fee and then it's done.
01:01:04.000Speaking of points, business credit cards, we're traveling on Thursday to Las Vegas.
01:03:56.000Buy a month must be paid in full every month.
01:03:59.000Has an annual fee, which is $150, which is too bad.
01:04:02.000But high spending requirement to hit a full welcome bonus and a bonus offers.
01:04:05.000And that's going to be a lot of business credit cards, guys.
01:04:08.000They're going to have, like, a lot of times they'll give you a sign-up bonus, like they'll give you, we'll give you $1,000, $500, $1,000 back, but y'all got to spend $10K in the first three months of opening the account.
01:04:17.000Well, look, man, if you got a business, it's really not that hard to spend $10,000 in three months, guys.
01:04:41.000Because they need to spend money anyway, so.
01:04:43.000And not only that, the other thing too, guys, a lot of these credit cards, they'll give you like, you know, 0% interest the first 12 or 18 months, right?
01:04:51.000So you got to spend that money, right?
01:04:53.000You spend that money in the first three months or whatever, but you have like a year to pay it off, a year and a half without any interest.
01:05:52.000Spending $20,000 in three months is totally possible if you're a business owner, especially if you've got a brick and mortar business, guys.
01:05:58.000So ongoing rewards earn 2% cash back on every purchase, every reward, no limits or category restrictions.
01:06:31.000Like, yeah, it does have high spend, but this card is going to be really fantastic for you guys if you have a brick-and-mortar business, bro.
01:06:37.000Because $20k in three months is totally possible, and then $100k in six months is totally possible.
01:06:43.000Because remember, payroll, equipment, cars, rent, any of this shit you can use for your business credit card.
01:06:51.000Just because it's running the business, man.
01:10:09.000Got a nice place to sit, chill out until my flight was ready, and I'm Wi-Fi, all that, versus like sitting with all the bro keys in a regular area.
01:10:30.000You have to go inside to the clear department to get your ID checked and get a facial recognition to update for the new rules.
01:10:37.000For the audience, because they're probably wondering what the fuck is clear.
01:10:39.000So when you're at the airport, guys, clear, what it does is it basically scans your face, especially your, I think it's your, they do it mostly off your eyes.
01:10:47.000It scans your face and then what ends up happening is you pretty much cut the line and you can go right to TSA. Yeah.
01:10:54.000So yeah, Bills used to work for Clear, actually.
01:11:42.000When I used to be on the job, bro, you go around the back and you go in through where the pilots and shit go and you just cut the line, bro.
01:14:24.000But before you get a specific credit card that's used for a specific company, make sure that you have your basics done.
01:14:32.000Have one good cashback credit card, have one good travel credit card, have one good business credit card if you're a business owner, and then from there, you can build your credit card collection from there.
01:14:44.000But yo, you guys should at least have those three, man.
01:14:47.000And if you don't, bro, you guys got to work towards it.
01:14:50.000And then at bare minimum, let's say you don't travel.
01:15:19.000It's just a good cashback credit card, right?
01:15:22.000It's like, we're giving you guys thoughts that we don't even, we might not even have the card, but we still are able to be card agnostic and tell you guys, yo, this is the best cashback credit card, right?
01:16:24.000If you get approved for the Apple Card, they don't give you the physical card unless you ask for it.
01:16:29.000And then if you use the card, it defeats the purpose because if I'm not mistaken, you only get like 1.5% to 2% cash back, but if you use Apple Pay, you get 3% cash back.
01:16:38.000For you to get the full benefits of the Apple Card, you need to use Apple Pay.
01:16:41.000And I think you get 5% cash back if you purchase Apple products.
01:16:44.000So unless you use Apple products all the time or you use Apple Pay all the time, it might not be worth it for you to get an Apple Card, guys.
01:16:50.000Just keep it in a thousand with y'all, even though I have one.
01:16:53.000But I genuinely think the best all-around cash back credit card, even though we don't have it, is the City Cash Back.
01:16:58.000The reason why I don't have it is because it doesn't make sense.
01:17:00.000I already have like two or three cash back credit cards.
01:17:02.000It doesn't make sense for me to get one.
01:17:03.000But for you guys, that's a fantastic cash back card.
01:17:16.000Jaleel goes, hey FNF, I know this is super late for me to do, and I don't blame at all if you don't give me shit for this, but I'm about to get my first credit card at 23 soon.
01:17:27.000What is the best way to start off as someone who has no credit and no...
01:18:01.000And I think within three or five bumps, you're going to see a bump in your credit score instantly.
01:18:05.000Now, if you don't have someone that's willing to put you as an authorized user, the other option you could do is get one of these secured credit cards.
01:18:10.000And a secured credit card, watch our episode that we did with like how to get in credit cards with no to low credit.
01:18:16.000A secured credit card, basically, you put money up front, you get that credit card so it's backed by the money that you put in, and then once you have that card for a few months, you can go ahead and upgrade it to an unsecured credit card.
01:18:25.000And then that's how you kind of get your foot in the door and get your way up.
01:18:29.000But that's good, bro, at 23 that you're thinking about this, but yeah, bro, paying in cash and debit card is brokey shit.
01:18:33.000No one that's watched this podcast should ever be doing that shit.
01:18:47.000When will you guys have a show in front of a live audience again?
01:18:49.000I can see in like two or three years y'all could have a tour show in arenas or venues all over having crowd shows answering their questions.
01:18:56.000I'm going to make sure I make it to the next one.
01:18:58.000We have actually someone in the back who wants to help us with this as well.
01:21:01.000Who cares if the interest rates are high right now?
01:21:03.000The interest rates are going to come down this election year more than likely because every single fucking president always campaigns on the fact that I'm bringing interest rates down.
01:23:15.000Scripto Boogie says, Myron, I'm good friends with Miguel, TCC. I'm in real estate and I buy acreage and I subdivide it into half acre lots.
01:23:59.000So, as a matter of fact, that's why when you do depreciation, you're not able to...
01:24:04.000Do it fully is because they account for the, when you do cost seg, I think it's like 80% or something like that, it's because they're accounting for the land.
01:24:11.000So land doesn't give you the same, I mean you could get tax write-offs I'm sure, but you're not going to get the same, you're not going to be able to aggressively deduct at the same level as when you have actual structure on it.
01:24:24.000So, yeah, bro, this is why I purposely don't buy land unless it's in an area that's booming and you know that there's going to be a future.
01:24:29.000You're buying land in fucking Miami or Vegas or whatever, but at that point it's probably too expensive anyway.
01:24:34.000Yeah, but, yeah, man, this is why I don't buy land.
01:24:53.000But that's why it's so important to do your numbers in the beginning and make sure that the cash flows and everything else like that, if the cash flows and the interest rate isn't terrible, Pick it up.
01:25:02.000Jeremy says, Big up to you guys for this live.
01:25:05.000I appreciate y'all taking out the time of your day to even do this for us.
01:25:08.000And for those who don't know any better, so shout out to you guys.
01:25:10.000And don't forget to check my Instagram, BigThingZeguan.
01:26:10.000I did mention it before, but you need $100,000 to put in there.
01:26:12.000But you get a pretty damn good return rate on that.
01:26:15.000Right now, I think it's around 4% to 5%.
01:26:19.000Misi Dula says, hey, one of the problems for young men is lack of a transition or rite of passage.
01:26:24.000Is this something you think would be worthwhile to talk about rites of passage as a transition to manhood?
01:26:29.000I think most guys should go through sacrifice and pain to get to a certain point, for sure, but if you're coddled all the way, then you don't really- That ain't happening in 2014.
01:27:28.000Do you have the resources and the team to go ahead and knock the house down and build it back up?
01:27:32.000If you have the resources to do it, and you can do it for a good price, then do that.
01:27:35.000But if you don't, then it might be better for you to go ahead and pick yourself up what we call a turnkey, a house that's ready to go and made.
01:27:40.000So it really comes down to your skill set, your resources, your ability, how much money you have and how much time you have.
01:27:46.000Keep in mind, if you're gonna go ahead and purchase a property, then knock it down and fix it or whatever, are you prepared to operate in the red for a few months?
01:27:52.000A lot of real estate investors aren't able to do that.
01:27:54.000They don't want to operate in the red for a few months and fix the house up.
01:27:57.000So it really comes down to your certain situation.
01:28:02.000I thought I could only buy the course in Bitcoin because every single time I use PayPal or Google, it would give me an error, switch browsers, try it, and got it.
01:28:29.000Don't be like these idiots in the chat that are out here paying for shit with cash and debit cards and wondering why they fucking have a shitty credit score and they can't buy no goddamn assets.
01:28:36.000Kevin Wolf goes, Hey, freshman iron, what credit score?
01:28:38.000So I need to get approved for the N-word card.
01:29:45.000If you're going to come study in the United States, then yeah, you probably want a credit card that works in the United States.
01:29:49.000However, if you're going to stay in Australia, bro, then yeah, just build your credit score in Australia and you'll be fine.
01:29:54.000Pretty much all the first world countries, bro, use Equifax and Experian most of the time and TransUnion, right?
01:30:01.000So if you got good credit in one country, whether it's an English-speaking country, what we call the Five Eyes, New Zealand, Canada, United States, Australia, and England should probably translate over, hopefully.