How to turn credit into cash. Did you know that you really can turn credit into cash
legally and ethically? Well it's absolutely true. People are doing it every single day,
it really can happen for you. I'm gonna share with you the truth on how you get
it done so you don't get in any trouble while you're trying to do it. Okay let's go.
I'm going to share with you a step-by-step process on how you turn credit into cash legally and
ethically. I'm going to share with you my biggest secret on how I turn credit into cash even when
I have bad credit and I'm gonna share with you the number one trap that you need to avoid when
you are trying to turn credit into cash. So, the way that credit works, most of us knows that we can get
things in our name, we can borrow, we can get credit cards, we can get loans. Things like that, however
most of us know that we will have this on our credit report. So, the way that credit works is that
we have a fico score. We all have a credit report and on our credit report, we have a score based
on how well we have paid people. So for example, we have three credit bureaus. We have Experian,
we have Transunion and we have Equifax. Those are the three credit bureaus for personal credit
and you will be able to get a credit score called a fico from all three of those different credit
bureaus based on how well you've paid people. So for example you may have just a credit card
and a car and a couple of other things and you may have a decent credit score. Maybe a 640 or a 650,
that's a decent credit score, nothing really to ride home about but you usually can get approved
with most things with that type of credit score. Then you have credit that could be 720 where you
have um you know a mortgage, you have two or three cards that you've paid off and now your credit
score is much higher. This high credit score, over 720 will allow you to get most things. You know
you can get Chase credit cards and go to the car dealership and buy different cars that you want.
Credit can be an amazing thing but most people think of credit as just something
that you use to borrow and yes, that's true. You know your credit score is really just for you
to borrow and I remember thinking I don't even care about my credit score because I don't want
to borrow any money because I don't need to borrow any money because I don't want to owe
anybody. Does that sound familiar? Have you thought that yourself like you you know I don't really
care because I don't want to owe people because owing people really sucks. Well that's not true.
Owing people does not suck. It's probably going to be the reason you have a really big business. So,
let me tell you how you can start turning that idea about credit and using this credit thing
and turn it into cash and more importantly, turn it into a million dollar business like I did. So, the
way that you turn credit to cash is really simple. It's really just three steps and this is how it
worked for me. So the first thing that you want to do obviously is get credit. Okay so, I explained to
you how the personal credit system worked. Well, did you know that you could also get business credit?
Yeah, absolutely. So, let me tell you really quickly about business credit. Business credit
is very similar to personal credit but it is for your business. You will have to have an actual
business with an LLC or S Corp or C Corp, you'll need a professional website, a professional email,
a professional phone number and an EIN, employer identification number. But that's really about
all the things that you need and again, I have an entire playlist on business credit, teaching you
on business credit right here on YouTube. Check out the entire playlist if you need to learn
how to get business credit. I teach you all of that. I'm not going to go into this video but I want you
to know and understand that there is personal credit and business credit and a person can have
personal credit and business credit like I have a business so I also have business credit for
all of my different businesses and this is the key. This is really how you want to do this. Yes, you can
use your personal credit to do some of the things that I'm going to teach you but more importantly,
you would want to start establishing credit in your business's name so that these credit
and these debts do not appear on your personal credit report. Okay that's just a word of warning
but again, you can do this either way, whether you have business credit established or not, you can do
what I'm telling you so let's get to it. Step one, you will buy inventory with a credit card. Okay so
if you are talking about how can I turn credit into cash, well let's just say you get a credit
card and again, you can have your own Discover card, your Chase card or you can have a card
and your business's name. You will use that credit card to buy something that you are going to sell.
Okay just think about this for example. You can buy t-shirts and then sell the t-shirt but you
could buy those t-shirts with a credit card. That way you haven't actually spent any money and then
once you start selling the t-shirts then you can pay the credit card bill. Okay so this is a
very simple thing to do and I'm going to tell you how to take this a step further even if you don't
have business credit. I'm gonna actually tell you I started, I did not have business credit established.
I had my own personal credit card and you can do this even with your own personal credit card
then get business credit, then transfer your personal credit card debt to your business. Okay
so that's one slick thing. Make sure you remember that but the first thing that you want to do again,
with any credit card is buy something that you can sell, that is the key. This is really how you're
turning the credit into cash. So if you buy the t-shirts and then you sell the t-shirts or you buy
marketing for example. This is one of the things I really recommend. I actually don't recommend buying
inventory. I recommend building a website that has what your inventory will be then once people buy
it, then you buy that inventory and ship it to it. That way you don't have to spend money up front
to have products that you then will ship to people. Okay this is a term some people call drop shipping
but even if you don't drop ship and have someone else ship it, you don't have to have
inventory. Okay this is a big secret that I'm sharing with you. I literally was selling my
book before it was even done. Literally. You can have a website, you can take pre-sales, you can
take pre-orders but guess what? They give you the money now. Yeah so literally I would put a website
up, say hey this is my book, here's a cover of the book, you can pre-sell and buy the book and the
money comes to me right now before the book is even done. That's one way. Let's get to step two.
Wow, this is an important video. I am sharing with you on how to turn credit into cash. Make sure you
share this video with everyone that you know. Most people do not know that you can turn credit into
cash even if you have bad credit. Like I said, I was broke in my parents basement and now I'm a
multi-millionaire using the same things that I'm teaching you guys. Don't keep this information just
to yourself, make sure you share this video with all your friends and family. Okay let's get back to
it. Step two, after you have bought the products or you bought the marketing or bought the website
that you were going to use to start selling and you did this with a credit card, step two is going
to be to sell your products and your services, like this is so simple and this is why I recommend not
buying the inventory rather making a website that has pictures of the inventory because that's a lot
cheaper. You literally can start to even test and see what people are going to buy before
you actually buy it yourself. This way too, they gave you the money for it before you ever had to
actually buy it. It is an amazing thing in business that most people do not realize that they can do.
You are not Walmart, you do not have to stock a store full of stuff in order for people to
buy. They already have a Walmart. What you should do is have a website that people can go to, you
can cheaply and inexpensively and with a credit card use ads and traffic to drive people to that
website to start buying your product and service again, that you don't even necessarily have yet
and you did all of this with a credit card. Okay so step one, get a credit card, buy a website or
buy inventory, step two start selling. Start selling it, run ads, put it on Facebook, put it on YouTube,
put it everywhere what you are selling. Do not be afraid to sell your product or your service. This
is how you would turn credit into cash. Step three, you will then pay off the credit cards as you
sell products and services. So, the great thing with credit and this is where most people get messed up,
they feel like they have to you know, they feel burdened by it so they try to pay it
off sometimes too early. In the beginning do not focus on that and this is why I'm telling you why
you want business credit. So for example you use the credit card, say you have a credit card with
just a thousand dollars and you spent 500 of it, the minimum payment is only going to be about 25 dollars.
So just make the minimum payments on time especially in the beginning when you're
starting your business. Now after you are selling products, make sure you've sold the product, you
use that money to pay off the debt because if you do this, they will increase your credit card limit,
especially with business credit and this is why I'm telling you business credit is so
much better than personal credit so please make sure you watch that playlist where teach you
how to use business credit because it's simple, it's easy and it will get you off the personal
credit track forever. Business credit, literally I have business credit cards where they gave
me a thousand dollars and then three months, six months later, they doubled and tripled my
amounts, especially American Express. They are notorious for 3xing your limit after just six
months of on-time payments. So literally I got a business American express, I made six on time
payments. My whole limit I think was 8,000 and then they 3xed to 24,000. So, now think about
this. Instead of having eight thousand dollars for my business just by making the payments on
time, I now have $24,000 for my business and this is how this grows. You can really grow your credit
really fast and end up with lots more credit for your business that you can turn into cash
for you. Step four and this is so important. Like I said, this is a side note. You must have a business
checking account. This is so important. I did not mention it before because you do not need a
business checking account in order to do some of these things that I'm saying but this is how my
students were able to get more credit and turn their credit into cash faster than I was. They
were able to get a business checking account immediately when they opened their business
and every time they got money, they started putting deposits into that business checking account.
There are now tons of lenders even for startups that will lend money to your business
with just three months of business bank statements. Okay, and they will lend to you based just upon the
deposits into that account. Okay so even if you deposit two thousand dollars into that account
and you spend the whole 2,000, they will still lend to you based on the two thousand dollar deposits.
This is an amazing way where I'm seeing some great entrepreneurs able to start their businesses, get
all the money that they need for their business in a really fast way and all you need is those
things that I said, those five things to establish a business and then a business checking account
can take you to the next level and open up even more funding options for you and your business.
Step five, another bonus for this secret of course is to have merchant processing. So, in
order to really turn credit into cash a fast way is to get merchant processing. What is that?
Merchant processing is a count that allows you to accept credit cards. Really simply,
PayPal, Stripe, QuickBooks, things like that. Square, those are all different accounts that
you as a business owner, even a sole proprietor, a one-person business, you can get a PayPal account,
you can get a Square account, you can get a Stripe account, whatever it is so that you can accept
credit cards for your business. This will allow you then to have merchant processing statements and
again, there are tons of lenders that will lend to you, your small business, even a startup with just
three months of merchant processing accounts that shows that you've been doing business transactions
and people have paid you with credit cards. Really simple, it opens up the door to a whole bunch more
funding and again, a real way to turn credit into cash. I have created a complete training just for
you and you can get it absolutely free. Just go to noellesfreetraining.com, that's Noelle, n-o-e-l-l
with an s. noellesfreetraining.com. Again, I've created a complete training course for you
that teaches you my exact formula for investing in real estate with little to no money, not using your
credit and again, make lots of money in real estate starting from where you are today and again it's
absolutely free. Go check it out. I want to make sure that you have all of the resources, all of
the tools and all of the knowledge that you need to be successful. This is Noelle, to your success.