I'm ready to quit my job and I want to do this. I think I have probably 250,000
in business funding. I have platinum American Expresses with no limits, gold
American Express, no limits. I could buy a million dollar, swipe it in
a million dollars. Whatever you do, if you have a business, you should get business credit. Yeah.
Yeah, so my dad is a really important part of my business like as I mentioned, he's my business
partner and I find that to be a really, really awesome thing. So my dad is an engineer by trade.
Civil, mechanical? Sorry, chemical engineer. Chemical engineering. In fact he was a
chemist when I was little and this is so when I was younger, my dad didn't have a college degree,
he was you know started going to get his associates, he graduated with associates
when I was like maybe five or six and then he went and he got his bachelor's in chemistry and
again, always working and going to school that was always what I witnessed as a child. My dad
working full-time, my dad going to school and not a bad example to witness. Definitely a lot of that
daddy examples you could have been raised with. Exactly. So, my dad is amazing and his super
smart guy like I said he was a chemist and then he went to chemical engineering and I just watched
him climb and I think that's one of the great things about me that I had that example,
that model. Like he was a hard worker, he was going to school, he was working, he was a family man, he
was really trying to build and so now fast forward to many years later when I'm you know 35 years old
and I want to really do this entrepreneur thing, I'm ready to quit my job and I want to do this
and i go to my dad and I'm like do you want to partner with me? Do you want to give me some money
essentially for this and he was all in. He immediately went to his 401k and like took the
money out and was like you have access to this money and you just use it as you need and it
was almost like a line of credit that he gave me from his 401k and it really did again that
was one when I started to get into the YouTube and I was able to start producing this content
and get away from flipping houses and get to this thing and it was my dad and that partnership and
his belief in me. Yeah, that really, really helped me through it and it was so funny because he's such a
you need a job, you need a job, you need a job and he was the one to remember when I moved into the
basement, you can't even stay here unless you go back to school. I love that, yeah and then you know you
fast forward you know 15 years later, he's the one investing in me as well. Now he trusts you,
you know you've hit all the stops, you've got your multiple graduate degrees, you've proven that you
can be a senior executive at an organization, you can do all those things that America is supposed to
make you do. Yeah, but now you're going to fulfill the Jamaican dream of coming to the US and being
your own boss and making millions which is so cool. Now you talked about credit. Yes, let's
get into that a little bit okay because I know that's a big thing. You've taught a lot
of people a lot of stuff about credit. You started with kind of a line of credit from your father
which is pretty cool. Is that something that you- I mean when you're teaching your people,
is that where you kind of say maybe the first step is find someone who has money or do you
immediately jump to let's max out those credit card cash advances? I mean I don't
know that you ever jump to that, I'm just saying things. No, so it's a good
point because like when I started, I had terrible credit. Remember when I decided okay I'm gonna be
in my parents basement and I'm gonna do some stuff. I had multiple foreclosures in a bankruptcy, you
lost your job, so my dad helps me by also putting my name on his credit cards.
This was one of the first like credit secrets that I learned where I had this terrible credit
score and my dad has good credit, he makes me an authorized user on a bunch of his credit cards and
that's when I started rebuilding my credit. So, that will rebuild your own consumer credit, correct,
your own consumer score, your own personal work even though you're
not the account holder, you're an authorized user? Right and when I
tell you this was mind-blowing because all of a sudden you have these trade lines, think about it.
If I'm 20 years old and my dad's 50, all right, and he has credit cards from 15,
10 years ago and they report on my credit report, how powerful that is because he had good credit. He
always paid and it just reports as a trade line, it tells you when it opened,
it has the number and all of that information just floods onto the report. You get that? Yes, by
being an authorized user? Yes, wow. Yes and it still works to this day. Now let me ask you this.
Did you learn that from your mentor, from someone else? I learned that from my mentor,
the real estate person I told you I'm canceling classes. He's telling me like okay this is what
you have to do real estate-wise to invest with bad credit and no money however let's fix your credit
because you're gonna- in order to flip houses and really become this real estate millionaire,
you can't keep bad credit. So it's like I had those two things going at the same time.
He's like find someone with good credit, get added as an authorized user, he gives me a few accounts
go apply for these. They'll give you credit with bad credit. He's helping me. This is the
same thing that I just teach to people. I paid someone, they taught it to me, I did it and now I
teach it to other people. So okay well let's talk a little bit more about that just for a second
because I know you make- there's obviously a big delineation between personal credit and
business and that's where you really started to go correct and that is where the floodgates
opened up. So with personal credit, yes, you want to fix your personal credit. You do not want to
be an entrepreneur with bad credit. You're going to fix your credit and again, I give all those
hacks and that was one of them. The authorized user really building up my personal credit score.
So then a few years later someone introduces me to business credit and they're like
why are you using your personal credit cards to run those Facebook ads or Meta now. You
know what I mean. At the time it was Facebook and I'm like what do you mean? You
got to get these business credit and they're showing me American Express business cards and
Capital One business cards and so I'm like okay, I gotta learn this and I did. Of course, I paid
for a class, I paid for you know these people to teach me about business credit and in a year of
of working on my business credit, I think I had probably $250,000 in business funding in one year
and did you use it? And yes to this day and i literally had so funny, I could bring it out. I have
a folio, I probably have 40 credit cards now. I have platinum American Expresses with no limits, gold
American Express no limits, I could buy a million dollar, swipe it in a million dollars
business. You ever been tempted to do that? Just kidding. No because you got to pay it back. Yeah
well the business... exactly the business does. So business credit where I'm saying it's so
powerful for the business owner and why I feel like this is what I screamed from the mountaintops
is because I was so late to the game. I fixed my personal credit then I used my personal credit
in my business before I ever started to build business credit and now I have people students
that I teach and they'll start building their business credit the moment they get their LLC
so a year, two years in, they've already caught up to me who's had a business for eight, nine years.
Do you continue to carry credit lines? I do. I do for a while.
I would never use- I don't even use my own
cash or credit anymore. The great thing about business credit what I tell people too is
you really don't have to use your own personal credit anymore. So if I have a discover card in
my own name, why would I be using that if I could just use my business American Express even if
it's for a personal thing, I could just pay it with my personal funds. There's never any reason
to use your personal credit in that way because two, your credit score is fluctuating up and down
as you use your credit cards and you don't have that situation once you have business credit
established. Yeah, yeah, yeah. So you've put together in your courses, in your
teachings, I mean are they compartmentalized into different
real estate, credit or is it all just holistic is it kind of? So it's funny so, I have a course
where it's kind of all integrated because to me it's the whole process. I don't want you to just
get real estate without building a business, you know what I mean and I don't want you to build
a business without building business credit. So, it is a separate module teaching you that thing but
at the same time, it's all a part of depending on the course or the program that you go with where
usually I want to teach you all of it and almost every single course or thing that I have, I want
to teach you business credit because if you have a Turo business, you should get
business credit, if you're a photographer, if you're a videographer, whatever you do,
if you have a business you should get business credit. Yeah for tax purposes. Correct, if
nothing else. Rate write-offs, it's so the liability against yourself. I mean just so many reasons
why you would want to do that and just think about it a business can file bankruptcy or you can file
bankruptcy. Take your pick. Yeah, yeah which one, which would you rather? You know so I felt like
business credit helped me accomplish that goal where I said I'll never be bankrupt again. Now
my business, I don't know what the future may hold. They're doing very fine now but you know if 10, 20
years from now something happens then my business may have to file bankruptcy but I won't.
Wow, that was an amazing episode. If you want my new book, you can get it absolutely free
at noellesfreebook.com. Get my new book, Real Estate Millionaire Secrets, absolutely free.
You just cover the shipping and handling. Go to noellesfreebook.com, that's n-o-e-l-l-e with an s
noellesfreebook.com. I have poured my heart into this book and I am teaching you all about real
estate, how I started with bankruptcy, bad credit, no money and how you can do the exact same thing
too. Check out my new book because 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.
Exactly so I was taught by those people and that's what I do as well. I literally know people
that make money a million dollars a year selling rocks. Pet freaking rocks was a huge
fad. I never want to hear anyone tell me that they cannot make money with their business.