Limitless Funding Through Credit Repair - Herman Dolce

What is discussed, and when

1. 0:00 – 5:00: Financial Literacy, Bellisloone Enterprises, Bellisloone Enterprises, Herman Doulsey Jr.
2. 5:00 – 10:00: Equifax, Experian, TransUnion, Best Buy
3. 10:00 – 15:00: Financial Literacy, Fair Credit Reporting Act, Credit Optimization, Equifax
4. 15:00 – 20:00: American Express, Experian, Financial Literacy, 10X is Easier Than 2X
5. 20:00 – 25:00: Daniel Prey, Financial Literacy, Scorecard Marketing, Sequoia Pitch Deck
6. 25:00 – 30:00: Bank of America, Everand, iPad Mini, Secretary of State
7. 30:00 – 35:00: Financial Literacy, Fiverr, GoDaddy, NICS code
8. 35:00 – 40:00: Financial Literacy, Monopoly, Rich Dad Poor Dad
9. 40:00 – 45:00: Philadelphia, Temple University, Financial Literacy, Monopoly
10. 45:00 – 48:47: Haitian CEO, Bellisloone Academy, Bellisloone Enterprises, Bellisloone Enterprises

Notable quotes from "Limitless Funding Through Credit Repair - Herman Dolce"

• To success. The founder of Bellisloone Enterprises has cracked the code on strategic credit stacking and financial literacy that generates six-figure business funding in weeks, not years.

  about Financial Literacy · at 0:11

• Dy. Amazing. She's 7 years old right now. and you can find me on Instagram as Haitian CEO. And the reason why I say that is because I have two personalities. There's Herman and then there's HEO. Hast dances on Instagram.

  about Haitian CEO · at 1:23

• Bellisone a project for two years, I would have that money to at least pay my bills. So, I had a pretty decent FU account before I told my boss I quit.

  about FU Account · at 2:36

• Money first. Your second business partner we'll get into should be American Express, Wells Fargo, and Bank of America.

  about American Express · at 4:03

• Or 100% and 100% verifiable. If it is not the credit agencies, TransUnion, Equifax, and Experian, they have to remove those negative items. So like I told you, my name is Herman Doulsey Jr.

  about Equifax · at 6:22

• Some of the tools we can talk about right now, I could just tell them number one, I call it credit optimization. So, before you go and get funding, you want to look as sexy as…

  about Credit Optimization · at 9:38

• I grew up p I couldn't afford the last three letters of poor I was broke and I spent this money and it's like monopoly on crack and I laid out and I played with my buddy Keith…

  about Monopoly · at 36:41

• Their minds just go and they're just their I'll give you a great example of this. I did a Zoom call with Temple University students during the pandemic.

  about Temple University · at 40:59

Who and what is mentioned in this episode?

People

• Herman Doulsey Jr. — Person · 3 mentions · first at 0:07
  What you can prove. Everyone says getting business funding takes months of paperwork and perfect credit. Herman Doulsey Jr. proves that's the slow lane to success. The founder…
• Haitian CEO — Person · 3 mentions · first at 1:29
• Jeffrey 71st – Miller, Charles — Person · 1 mention · first at 0:28
  You go by the hast CEO. Welcome to the show. Thank you so much, Charles, for having me and trusting me on your platform. I'm here to serve today.
• Bella Sloan — Person · 1 mention · first at 1:19
  Businesses get capital and get some funding. I named this company after my firstborn daughter, Bella Sloan. Dy. Amazing. She's 7 years old right now. and you can find me on…
• Storm Leroy — Person · 1 mention · first at 3:46
  Exactly. I have a good friend of mine named Storm Leroy and he talks about he's called the unemployed millionaire and he says your job should be your first business partner. So after you pay all your bills and you have your savings.
• Ian Richards — Person · 1 mention · first at 19:31
  Called the credit mastery how to there you go credit mastery it's by Ian Richards it's a great book on how to fix your credit the second book is by Ian also. It's developing…
• Dan Sullivan — Person · 1 mention · first at 19:50
  With these guys, but they really helped my business. And the other one is 10X is easier than 2X by Dan Sullivan. that book, it showed me how to think bigger with my business in…
• Daniel Prey — Person · 1 mention · first at 24:32
  I grabbed another book by Daniel Prey.
• Robert T. Kiyosaki — Person · 1 mention

Books & papers

• Credit Mastery — Book · 1 mention · first at 19:25
  What is the book share with us so I got a couple books the first one is called the credit mastery how to there you go credit mastery it's by Ian Richards it's a great book on…
• Developing Age Corporations — Book · 1 mention · first at 19:35
  Ian Richards it's a great book on how to fix your credit the second book is by Ian also. It's developing age corporations send you a picture of it. and that shows you how to…
• 10X is Easier Than 2X — Book · 1 mention · first at 19:47
  I have no affiliations, no affiliates with these guys, but they really helped my business. And the other one is 10X is easier than 2X by Dan Sullivan. that book, it showed me…
• Scorecard Marketing — Book · 1 mention · first at 24:34
  It's called the scorecard marketing. And it talks about weight list. And I didn't understand the whole weightless model. And then he gave the best example. The best example that.
• Rich Dad Poor Dad — Book · 1 mention · first at 36:16
  The extent of it. It wasn't until I read I know it's very classic and everybody's read it a thousand times. I read Rich Dad Poor Dad.
• Cashflow Quadrant — Book · 1 mention

Companies & orgs

• Equifax — Company · 5 mentions · first at 6:28
• Experian — Company · 5 mentions · first at 6:28
  Or 100% and 100% verifiable. If it is not the credit agencies, TransUnion, Equifax, and Experian, they have to remove those negative items. So like I told you, my name is Herman Doulsey Jr.
• TransUnion — Company · 4 mentions · first at 6:26
  Report is supposed to be 100% accurate or 100% and 100% verifiable. If it is not the credit agencies, TransUnion, Equifax, and Experian, they have to remove those negative items. So like I told you, my name is Herman Doulsey Jr.
• Bellisloone Enterprises — Company · 3 mentions · first at 0:11
  Paperwork and perfect credit. Herman Doulsey Jr. proves that's the slow lane to success. The founder of Bellisloone Enterprises has cracked the code on strategic credit…
• American Express — Company · 3 mentions · first at 4:07
• Bank of America — Company · 2 mentions · first at 4:07
  Money first. Your second business partner we'll get into should be American Express, Wells Fargo, and Bank of America.
• Temple University — Company · 2 mentions · first at 41:04
• Wells Fargo — Company · 1 mention · first at 4:07
  Money first. Your second business partner we'll get into should be American Express, Wells Fargo, and Bank of America.
• Best Buy — Company · 1 mention · first at 5:20
  Capital you get in your business name is much higher than you would in your business name. So I have a Best Buy credit card on the personal side, $10,000. My Best Buy business…
• Navy Federal Credit Union — Company · 1 mention · first at 17:41
  Then I know that Navy Federal Credit Union, they pull from TransUnion, get another 25 from them. Then I go to Key Bank, they pull from Equifax, that's another 25,000. So I just raised $75,000.
• Secretary of State — Company · 1 mention · first at 27:37
  That's actually not safe because your business is public information. I can go to the Secretary of State website, look up Bellisone Enterprises, and it's my home address.…
• Fiverr — Company · 1 mention · first at 30:30
• GoDaddy — Company · 1 mention · first at 30:41
• Bellisloone Academy — Company · 1 mention · first at 47:38
  Hey, I want to learn more. I want to sit down with you. I have an academy. It's called Bellisloone Academy. 50 bucks a month. Sign up. We meet every single Wednesday night at…
• HGTV — Company · 1 mention
• KeyBank — Company · 1 mention
• Naka — Company · 1 mention
• PNC — Company · 1 mention
• Sequoia Capital — Company · 1 mention
• Wix — Company · 1 mention

Products & tech

• Monopoly — Product · 2 mentions · first at 36:45
• Credit Karma — Product · 1 mention · first at 7:38
  They'll let you see your Experian credit report and just to check out what's on there. Then you can go to Credit Karma. I don't always recommend Credit Karma because your score…
• iPad Mini — Product · 1 mention · first at 25:38
  Is anybody smarter than the market? I was thinking Steve Jobs. I was No, he didn't like the iPad mini. And it was the number one seller the year after he died. And I was Well…
• Everand — Product · 1 mention · first at 26:19
• Cashflow (game) — Product · 1 mention

Concepts & topics

• Financial Literacy — Concept · 17 mentions · first at 0:14
• Fair Credit Reporting Act — Concept · 3 mentions · first at 6:15
  Credit and helping them fix their credit. One of the ways we do that was through factual disputes per the Fair Credit Reporting Act. Your credit report is supposed to be 100%…
• Wealth Ratio — Concept · 2 mentions · first at 1:58
  I do? And we were talking about this before we went on camera, things like a wealth ratio. And right, if people don't know what a wealth ratio is, could you explain someone…
• Credit Optimization — Concept · 2 mentions · first at 9:41
• Credit Stacking — Concept · 1 mention · first at 0:14
  To success. The founder of Bellisloone Enterprises has cracked the code on strategic credit stacking and financial literacy that generates six-figure business funding in weeks, not years.
• FU Account — Concept · 1 mention · first at 2:40
• Sequoia Pitch Deck — Concept · 1 mention · first at 21:18
  Funding because there's an entire practice there's an entire pitch deck there's something called a sequoia pitch deck when it goes into pitching for funding when you're going…
• Supreme model — Concept · 1 mention · first at 23:46
  See it. It's all automated. God bless the internet. But we'll go through and we'll use the Supreme model, which is, it's only going to be available for a short time. You have to pre-order it if you're going to get it.
• NICS code — Concept · 1 mention · first at 32:43
  Estate. So, I know HGTV made it look all sexy and good, but banks hate giving that money to that NICS code. So, every industry has a code that is attached to it. business…
• 1099 — Concept · 1 mention
• W-2 — Concept · 1 mention

Places & events

• Philadelphia — Place · 2 mentions · first at 41:32
  This teaching degree so I can make $50,000 in the school district of Philadelphia. Right. Right. Painful. So, so I was All right. So, we talked about the credit thing. Walked…
• Brooklyn — Place · 1 mention · first at 1:04
  Born in Brooklyn, Philly raised me. And I'm the founder of this wonderful company called Bellisloone Enterprises financial literacy company first, but we primarily like to help small medium.
• Switzerland — Place · 1 mention · first at 16:36
  Something, you get taxed. So, we are just overwhelmed with it. And people oh, well, Switzerland has worse taxes than we have here. I'm not really. So, it just depends on where…

Sponsors

• Bellisloone Enterprises — Sponsor · 3 mentions · first at 0:11
  Paperwork and perfect credit. Herman Doulsey Jr. proves that's the slow lane to success. The founder of Bellisloone Enterprises has cracked the code on strategic credit…

Full transcript with timestamps

0:00 Welcome to the Proven Podcast, where it does not matter what you think, only what you can prove. Everyone says getting business funding takes months of paperwork and perfect credit. Herman Doulsey Jr. proves that's the slow lane to success. The founder of Bellisloone Enterprises has cracked the code on strategic credit stacking and financial literacy that generates six-figure business funding in weeks, not years. The show starts now.

0:21 All right, everybody. Welcome back. I'm excited to talk to Herman. Herman, you've done an immense amount of things. You go by the hast CEO. Welcome to the show. Thank you so much, Charles, for having me and trusting me on your platform. I'm here to serve today.

0:34 I love it. Tell people who you are because a lot of people may have lived under a rock or have been distracted with the news lately. Won't get into that, but tell people who you are, what your success is, and I'd love for you to sneak in why your entire background for those of you watching on YouTube, why his background says what it says. I love the story behind it. It makes my heart blow up.

0:53 Um, so my name is Herman Doulsey Jr., son of Herman Dulce. Um, I am a firstg generation Haitian. Uh, my family came to this country in um, the late 70s. Born in Brooklyn, Philly raised me. And I'm the founder of this wonderful company called Bellisloone Enterprises financial literacy company first, but we primarily like to help small medium businesses get capital and get some funding. I named this company after my firstborn daughter, um, Bella Sloan. Um, Dy. Amazing. She's um 7 years old um right now. Um and um you can find me on Instagram as Haitian CEO. And the reason why I say that is because I have two personalities. There's Herman and then there's HEO. Hast dances on Instagram.

1:37 And that's what my daughter is. She's a ball and a light and she's totally amazing.

1:41 I love that you named it after her. When you told me that, I was like, "Yes, we have to sneak that in. We have to sneak it in." Yeah.

1:47 The other thing we have to sneak in is when people do this and they want to get funding, there's a lot of questions that I always get asked and they're like, "How much should I have? How much should I do?" And we were talking about this before we went on camera,

1:58 things like a wealth ratio. And right, if people don't know what a wealth ratio is, could you explain someone what a wealth ratio is? Well, what a wealth ratio is from, let's say, for me when I when I wanted to quit my job and go full-time in my business and you said it offline, having six months of um I guess bills saved up is a good place to start. having a year of operating expenses for your business. But for me, when I was taking phone calls in my broom closet at work, I saved up two years of um income for my household to make make sure that if I didn't make any money from Bellisone a project for two years, I would have that money to at least pay my bills. So, I had a a pretty decent FU account before I told my boss I quit.

2:46 Yeah. So, I love that you you snuck in what we actually call an offline. It's the FU account. Yeah, let's be honest here. So, for those who want to calculate your wealth ratio, it's really simple. Let's say your monthly expenses are $5 and you've got $10 in the bank. You've got a two month wealth ratio. Really, really simple. It's really, it goes through that. And I agree with you. I think for your personal life and your professional life, you need to have at least two years for your personal life and then hopefully at least a year in your business life. If you don't have that, don't quit your job. Just it is what it is.

3:16 It just you're you need to you got to mind your job while you're building your business. You know, I built my I built my first company while I was still working at a hospice. I was running the IT division in order to build it and I did it at the same time because sleep is optional. It happens. Dang it. Um, as you get more successful, you will get sleep. Uh, because it's a new thing for me. Uh, you also will also have stories where you lost you lose your first million. So, welcome to all of those wonderful adventures. We all have those stories.

3:43 We're lost. Exactly. I have a good friend of mine named Storm Leroy and he talks about he's called the unemployed millionaire and he says your job should be your first business partner. So after you pay all your bills and you have your savings um you take that savings and you use that to fund your business. See if it works. That t-shirt company the boutique you're start you want to start lose your money first. Your second business partner we'll get into should be American Express, Wells Fargo, and Bank of America.

4:09 Well, when you go into that people like okay well I want to be my first business partner. I I want to get into that, but I have no idea how to do funding. I I have no idea how to bring this in. There's so many different ways. I thought, you know, getting funding meant that I just stood on 95 in a tutu and people threw money at me.

4:24 Didn't work completely how funding work. Didn't work. People People will pay me money to put clothes back on. At this point,

4:30 how do people How do people get in this if they're going to go through funding? Give me the broad overview and then we'll jump in the details. If someone needs funding, what's the best kind of ways to do that? broad overview of the um easiest way to get to that path is and that's why financial literacy is such a component in our company is actually having good credit. So if you have good personal credit, the banks are going to say, "All right, Bellisone, you're like 5 minutes old. We don't know who Bellisone is, but we know who Herman is, and Herman has good credit with us. He has a 700 credit score. He has a good credit profile. We trust him." And since he's going to personally guarantee or co-sign for this business, we'll give the business this capital in the business's name, not in Herman's name. Um, and that could be your first seed money to start whatever you need to start. And the one of the

5:15 the blessings and benefit of it is the capital you get in your business name is much higher than you would in your business name. So I have a Best Buy credit card on the personal side, $10,000. My Best Buy business credit card is $30,000 cuz banks know that the business needs more capital.

5:31 So there's all these conversations about building credit and there's jokes and memes about it all over the place that talk about that based on your culture, you will get different credit scores. Is that actually true or is that just a meme? That's that's just a meme um that is attached to um the knowledge that certain cultures get, but the information is universal. It's ubiquitous. Um if you do the right things, anybody can get good credit.

5:56 So, and you know, your backstory about this is you actually have a lot of details in credit. So, you talked about before you started your business, you were doing credit and you were helping people expand their credit. Can you help the audience understand a little bit more about that?

6:07 That's right. So the foundation of Bellisone Enterprise was we were first helping people um educate them on their credit and helping them fix their credit. One of the ways we do that was through factual disputes per the Fair Credit Reporting Act. Your credit um report is supposed to be 100% accurate or 100% and 100% verifiable. If it is not the credit agencies, TransUnion, Equifax, and Experian, they have to remove those negative items. So like I told you, my name is Herman Doulsey Jr. on my credit report. Um, when I was uneducated, it said Herman Dolce senior or Herman Dole. Little edits, little things that were incorrect. It was a phone call before internet blew up. Um, credit um, repair. Called them up be like, "Hey, you need to fix this. This isn't me." I send him a picture of my driver's license. We are good to go. Um, hey, I got this late payment on this credit card. Um, Experience says I was

6:55 late on Thursday, but Equifax says I was late on Friday. I send them both credit reports. Oh, that's incorrect. They're credit reporting act. You have to delete it. So, I was doing little tactics like that to help people clean their credit because the law is in your favor.

7:08 So, if if someone goes I think first step sounds like getting your actual report and there's all these services that you have that charge you to do that and there's other ways to do it. If if you're going into this and you're listening to this going, "Hey, I've never even done it for my business, let alone myself."

7:22 What are the first steps that they go in through say, "Hey, I just need to get this credit report and find out what is real versus what isn't."

7:27 But it's on here. Um there's two places you can go just to get it for free. If you don't want to pay for it, you can go to experian.com. They'll let you see your Experian credit report um and just to check out what's on there. Then you can go to Credit Karma. I don't always recommend Credit Karma because your score is a little bit different, but the information is correct. They'll give you Equifax and TransUnion credit report and then you can look on there to see the negative items you have that are on there that could be positive, negative, or incorrect just for free,

7:55 which is wonderful. It's People don't understand the power of credit either. For example, I don't buy cars. I never have. That's not true. I bought my first car and it was garbage. And I just the way I drive, I know you're not supposed to do it. I just I I lease cars. It's just it is what it is. I beat the out of them. I I just have a heavy foot. So, it's just it's mean to cars.

8:14 So, I go in, I always negotiate with them. And being able to walk in and say, "Okay, what's your credit score?" And I'm very I've been doing this for a long time. My credit score is over 800. So, I get to walk in. I'm like, "Before I'm going to negotiate with you, go to your finance managers, pull up my credit." And they walk out. I'm like, "What do you want?" And they don't even negotiate. It's it's it goes away. that that angst, that back and forth that we all I think I would rather get, you know, colonoscopy than buy a car at this point because it's just such it's such a toxic thing. Um, but having that

8:40 Yeah. the now having that credit score, it changes the ball game. So that's what happens in your personal life. In my business life to what you were saying, there is a difference between my company and my personal credit. Like I have a credit card that's got, you know, whatever 20 $30,000 limit on it. My business credit card is six figures because they know the business and they know me of what's going on and I just don't touch it and then they raise it every year like stop doing that but it is good credit. So right someone gets your credit report and they're sitting at home and they go okay I'm trying to increase my financial literacy. What are the books? What are the tools? What are the things that they need to start doing to say, "Okay, I need to heal this before I go out and get funding because I really want to get people and I'm going to try and do it on this podcast where we say, "Okay, this is how you get

9:21 funding efficiently and effectively and these are the tools that will actually not rip you off." So, you don't want to get it from the guy down the street who, you know, only hangs out at the deli. That would be a different way.

9:32 What are some of the tools once they get their credit report so they can start educating themselves and helping themselves out? Um, well, some of the some of the tools we can talk about right now, I could just tell them number one, I call it credit optimization. So, before you go and get funding, you want to look as sexy as possible to the banks on your credit profile. So, number one, you want to clean up the demographic information. There's only one name on my credit report, not a bunch of them. Number two, um I know when we fill out applications, we're usually at different jobs when we do that. I only have one job on my um on my um credit report.

10:04 It's Bellisone Enterprises. All my old jobs I call and had those deleted. Addresses. Having too many addresses on your credit report. That's a red flag also. So I only have one address that's my current address because it looks like you're unstable. Those are little things that lenders look at. Now when that's done, the next credit optimization is if you have credit cards, you want to pay down as much credit card debt as possible. Preferably keeping it under 9%. That's the sweet spot banks like to see between 1% and 9%. Some people like, why don't you pay it all the way down?

10:34 can, but like but banks like to see that they can make a little bit money off of you. Um, but for your credit report, keep it between 1 and 9%. Um, because anything over 30% that drops your credit score and it shows that you're a little bit unresponsible with income. Um, the next thing is you want to remove as many inquiries off of your credit report. Inquiries are when you're applying for credit, they ding your credit. You want to check it. You have too many of those, it's going to look like you're thirsty for money and they don't want to give it to you. So, you got to act like you don't really want it.

11:04 Um, banks don't like to see any Yeah, banks don't like to see any more than three to four of those in the last 6 months. After it's 6 months old, then they then they really don't care about it. And, um, lastly, collection, chargeouts, bankruptcies, you want to make sure those are not on your credit report, obviously. And the one last thing I do want to say is your credit profile is important. What I mean by that, it's great to have a 700 credit score, 800 credit score, but you have an authorized user and a today's man credit card and you have a and you have a 700 credit score, but me, I have a mortgage, I have student loans, I have a closed car not, and I have four credit cards that are over 5 years old, $10,000 limit. The bank will look at both of our 700 credit scores, be like, Herman clearly is um more responsible with money. So, having those profiles on your credit report makes you look extremely

11:49 sexy when it's time to go and get some business funding. You mentioned getting addresses off because I've had multiple addresses and I've owned multiple properties. When you go into this situation, you're like, "Hey, here is I want this address off."

12:01 Even though you did technically live there, can you just go to the credit reports and say, "Get it off. I don't want to have this on here." How does that work?

12:07 Absolutely. Absolutely. We could go back to the Fair Credit Reporting Act because they say nothing is supposed to be put on your credit report without your permission. So, one of those things are my address. So I can call and be like, "Hey, those address is right there. Can you please remove it? This is my current address." And depending who will pick up the phone, they'll do it there right on the phone at TransUnion, Equifax, or Experian or some sometimes they'll say, "Hey, can you send me your current driver's license or utility bill?" And you'll do that and they'll delete it.

12:35 And I'm guessing the same thing with jobs and so on and so forth. You get same thing with jobs. Yes. Anything demographic is a phone call you can delete. When it comes to negative items like charge off, collection doors are a little bit harder to fight. Got to send some letters. use a credit fair credit reporting act to help you fight it.

12:50 So if they're going through there and they're they're getting the ball rolling and they're starting to fix their financial literacy, getting your down to 9% is hard for a lot of people.

12:58 So getting that that's where in my mind financial literacy comes in. The side hustle doing all of those

13:03 as you've gone through your journey. You know, you mentioned you got student debt and you've got a couple other things mortgage, which I don't know if people know this, but mortgage is French. It means to be in debt until you die.

13:15 Yes. It is terrifying when you hear the actual name. It is. So, as you're doing this, um, please buy assets, not liabilities, please. But as you're going through this, please, for the love of God, if it doesn't make you money, as soon as you sign, you bought a liability. Just liability. Buy assets, please.

13:33 Um, as you're going through this and you're trying to scale your financial literacy and you're trying to set this up, what are some of the ways that, okay, we've got our credit relatively fixed. We've made the phone calls. What are the proven ways that you found that that work to getting your financial literacy up?

13:46 Um, number one, I want to talk to you about taxes for two seconds because you said something really interesting if you're in a lot of credit card debt. And um, everybody always looks at me crazy when I say this. I was like, well, we were taught that um, on our W2s when we first get a job to like I guess take the maximum deduction. I was like, you know what you're doing when you do that, right? You're giving the government um, a tax-free loan or interest free loan for 12 months. And then in January, February, everybody's on my timeline balling going to Cabo because they got a tax refund check of five, six grand. I was like, or you can make some adjustments. And this goes to your question about financial literacy. Or you can make some adjustments on your W2, your I9, whatever. And that money you get every single every other week or or every month, that 2, three, four, $500 a month, that's what you're going

14:32 to take and start to pay down your credit card debt. um and and and including the side hustles that you may have. And when I teach people that they get out of debt a lot faster and I call it here's how you get out of debt without getting a second job and that always piqus people interest. Um so that's the last component in getting out of debt on the business on the personal side which will transfer to some great opportunities on the business side because now you actually understand taxes just a little bit better. For those who also uh if you're on the business side because most of our our listeners are business owners when everyone started freaking out when the politics came in like oh my god he's never pay taxes she doesn't pay taxes all of us who have been in that environment we're likehm

15:12 way talk about that I don't know what you're talking about I don't pay tax you'll find out that you know you've got the the most famous line of this is you got Warren Buffett who pays percentage-wise less than his secretary

15:25 secretary W2 versus a 109 99 or whatever your business is. Not only does Herman's tactic talk about, hey, don't pay your taxes right now. Defer it to the end of the year type of thing because you could just use that your as your own funding, but also there are legal ways. I'm not going to get into involved on the podcast with this one.

15:42 Talk to your tax professional. Talk to we are not giving legal advice. We are not.

15:46 Right. But you hear someone who is a polit and you have that politician change where they're like, "Hey, I'm I didn't pay more than 3% in taxes or 0% in taxes or s" and they're in single digit. I'm it. Yes. Hire someone very very smart. Hire someone who understands this. Pay the extra money. I pay my accountant very well and he has kept me very, very safe. But one of the things that's great about it is I'll ask him like, "Hey, can I do this?" He'd be like, "Of course you could do that." I'm like, "Really?" He's like, "You'll go to jail." But yeah, you could do it. I'm like, yeah.

16:18 So, make sure you have someone who knows the law and won't just get in your face about it. So, financial literacy is just is so critical. And taxes is just one thing because remember, you get paid, you get taxed. You then go buy something, you get taxed. You go sell something, you get taxed. So, we are just overwhelmed with it. And people like, oh, well, Switzerland has worse taxes than we have here. I'm like, not really. So, it just depends on where you are and how it goes. If someone's sitting down and they're learning these things, are there books? Are there resources? What are the things that you have involved that you've, hey, this is what's proven. If you do this, do these steps. We, you know, we've already gone through a couple that I'm sure people have already paused the podcast and like, I'll go deal with that in a second. I want to learn all this and start implementing it. They're making

17:00 the phone calls. What are some of the things that you've run into that you got that you've like, you know what, this changed my financial career. This changed my financial intelligence in my life that I can now teach to my kids. My one of the most important things that I've learned is how to fund your business um through stacking. So, what that means is say for in when I when I when I remember when I started doing it, people like, "Well, how'd you get one person $150,000 in like two weeks?" Um and I I have the book right here. I'm going to go grab it for you in a second.

17:30 And it talks about how I will go to like American Express and I will get $20,000 from them, $25,000. I have good credit easily, right? They pull from Experian. Then I know that Navy Federal Credit Union, they pull from TransUnion, get another 25 from them. Then I go to Key Bank, they pull from Equifax, that's another 25,000. So I just raised $75,000 in funding, 0% interest, technically one inquiry because the TransUnion Bank can't see that I got an inquiry from America American Express and vice versa, and I just maxed out as much funding as I can get. Because if I went to American Express and then I went to PNC, which pulls from Experian, they like, "Oh, you just got a ding." Like, "You just got it today. You're clearly shopping. So instead of giving you a $25,000 credit card, we're going to give you a $15,000 one." So this is how I maximize how much capital that I got. And um because I

18:22 understood that information, I'm able to double triple the funding that I can get for my business. Use credit responsibly. By the way,

18:28 I was about to say that there, you know, people like, "Oh my god, I can get $75,000 at 0%." This is amazing. You already need to be in a situation where you have financial literacy, where there's already cash flow. I don't want you going out. That's not what Herman and I are talking about. We're not like, "Hey, go get six figures of debt and then file bankruptcy." That's not what we're saying. What we're saying is funding when you're trying to feed your business is the lifeblood in the very beginning. It's going to be your sweat, your blood, and someone else's money.

18:54 Sometimes it's called OP. So going through this idea of of of doing this effectively, and stacking is something I've never heard of. So you mentioned you're going to go grab a book. go grab that real quick and we'll go. It's one of those things that you know again finding these resources none of this stuff we invented in all these situation we are not source for any of this knowledge we are synthesis in other words we are digested this we have found it we working with it and this is why it's so important to go with people who are proven to actually do these type of things so for those of you what is it what is the book share with us

19:23 so I got a couple books the first one is called the credit mastery um how to there you go credit mastery um it's by Ian Richards it's a great book on how to fix your credit the second book is by Ian also. It's um developing age corporations um send you a picture of it. Um and that shows you how to build your business credit. And the last one, I have no affiliations, no affiliates with these guys, but they really helped my business. And the other one is 10X is easier than 2X by Dan Sullivan. Um that book, it showed me how to think bigger with my business in regards to I set a goal for my business. Hey, I want to have 5,000 subscribers. That was the goal,

20:00 right? And and he was like, why don't you make it 50? And I didn't have a reason why I couldn't make it 50. So he's like, "Make it 50." And I was like, "Okay." So what happened automatically is my brain started planning and game planning for 50,000 instead of instead of 5,000. And what happened? I tripped into 15,000 because my operations, my business, my CEO. I was like, "All right, let's shoot for 50,000." So that's why it's easier just to change the number verbally and that'll grow your business.

20:25 Well, your brain thinks differently, right? It gives you different answers based on what's going on. You know, if you sit there and say, "I'm hungry." versus, "I'm starving." Your body will automatically go into, "Oh, okay. Well, I was going to just get a snack versus, "Oh my god, I'm going to go eat a chunk of cow." Whatever it is, kind of go through.

20:39 For my vegan friends, you would eat lots of beans. I don't know. I don't Are you my sister Sarah? I have paj.

20:48 I don't know what the equivalent is. You guys can send me messages and tell me what the equivalent is. We'll

20:52 absolutely talk about it in detail. So when they go through there and when does a person know like okay you know I'm starting to learn my financial literacy I've read the books I've worked with her what are we going through where we're like all right now I need funding how do I know as a business owner when's the right time to go get funding to go through different rounds because there's different funding where you're doing it on your own and then doing rounds of funding because there's an entire practice there's an entire pitch deck there's something called a sequoia pitch deck when it goes into pitching for funding when you're going in your first round of funding. How does someone know as a business owner, okay, now I need funding?

21:27 Um, I can liken it to I'll give you an example. When I first started my credit repair company and I was typing the letters and I was doing all that work, right? And then I realized I was capping at like $25,000 a month in revenue because my time was attached to the work I can do, right? So, at that point, I was like, "Oh, I need to hire more people. So if I hire more people and I invest that 25 back into the business and I hire three people, I'm able to make a $100,000 a month instead. So I try to keep that little 25 because I still had a 9 to5 mentality. The same thing is when it comes to um to funding.

22:03 When you feel that you can grow if you invest X amount into your business um because you you've capped, that's when it's time to to to raise a little capital. But you have to know your numbers. So, I knew my numbers before I went and and got a $25,000 business credit card. And I liquidated that credit card and I used it to hire my first staff member like, "Hey, I'll give you $1,000 a month if you help me with these letters and I'll train you." And then within 90 60 days, it wasn't even 90 days, 60 days, we doubled our income.

22:31 And in 120 days, we 5xed it. And then when I saw that, I was like, "Oh, I'll just do it again." Right.

22:38 Right. Cuz I figured it out, got the systems in place. We got to stabilize cuz I didn't want to fly a plane and build it at the same time. I wanted to ensure I grew slowly and then I put gasoline on that fire.

22:47 I love that you just subtly snuck in my favorite word which is systems. Your systems need to be bulletproof.

22:52 Systems are what mission critic for scaling. If you do not have systems in place and you just throw money at the wall, it's not going to stick. It's not. And there's a lot of ways to generate capital without ever selling product. I love that you focused on, you know, I'm using this money to pay for personnel versus for product. And you know, people run into this all the time. They're like, okay, I need more money to buy product. You don't ever need more money to buy product because you can sit there and you can go online and say, "Listen,

23:16 do you want to pre-order this? We have this. We're gonna offer it. We're g would you like to pre-order this? We're opening this special session. You're you get your network and you pre-order and that will fund you fast." So, if you're in a situation where you're trying to purchase as you bring her gra I'm not source for any of this. We're just synthes I have a I'm not going to plug it, but I own a company. We sell lots of merch. A ton of merch. I never touch it. I never see it. It's all automated. God bless the internet. But we we'll go through and we'll use the Supreme model, which is, you know, it's only going to be available for a short time. You have to pre-order it if you're going to get it.

23:53 Opening opens up for a very short amount of time. So, you have scarcity there. Like, it's only going to be available for only about two hours. If you want it, go. And I'll open it up and because it's connected this thing, we'll get 2,000 orders like that. And then I'll go to my supplier and I'm like, "Well, I need 2,000 of these now." And he's like, "Okay." and then he'll pay because it's already been paid for. I just immediately pay and I'm gone. So, it's cost me nothing. And that's why it's so important to fortify your social media, why it's so important to fortify and have these system in place. Get money that's going to pay for personnel, not for product. It's a different ball game.

24:25 You have to have a buyer before you purchase the product. People don't understand this.

24:29 Very, very frustrating to me. All right. You grabbed another book. What was it?

24:32 I grabbed another book by Daniel Prey. It's called the scorecard scorecard marketing. And it talks about weight list. And I didn't understand the whole weightless model. And then he gave the best example. The best example that everyone has seen recently is Tesla. So what three, four years ago, Elon Musk, what we had to put down $100 for a Cybert truck. And then he raised over $100 million. He went to the banks be like, "Hey, I got $100 million. Can you give me more?" And then he went and built a bunch of cyber trucks that didn't have to be delivered for years

25:02 or work at all or be functional or be good product in any way, shape, or Exactly. or be a good product. Exactly. or be attractive in any way at all

25:09 at all. Um, so I weight list everything. Hey, I got a new product coming out and I see what's going on with the weight list. I was like, oh, the people want this product. Let's create it.

25:18 Yes, let's give it to them. And that little insight's important. There's so many people who go to the ocean say, "No, you're not allowed to come in now or tell the the river go upstream or down." No, the market's going to tell you what to do.

25:29 Then go do it. You are not smarter than the market unless No, they're not smarter than the market period. I was trying to think of an example. I was like, is anybody smarter than the market? I was thinking Steve Jobs. I was like, "No, he didn't like the iPad mini." And it was the number one seller the year after he died. And I was like, "Well, I can't think of anybody who's ever been smarter than the market.

25:45 Market will tell you what what what it wants. Pay attention to." So, if my weight list was 100 people, I'm not creating the product. If the weight list was 1500, 2,000, I was like, "All right, guys. We got work to do. Let's get less smart people in the because I came up with the idea already. I'll figure it out."

25:59 This and this is the joys of being a business owner. So, I tell people all the time, I'm like, "Stop being a CEO. Become a strategist." like I'm just going to advise you guys go do it and that's where systems come into place which is a completely different conversation. So, let's say someone to the point like, I get it. I've heard what you guys have said. I understand weight list now. I've read all the books that Herman have shown me, which those are some that I haven't read. So, they're definitely going to be on my list. God bless Everand. I'm not sponsored by Everand. God bless them.

26:23 And you get free audio books or you pay like whatever it is 20 bucks a month and you get it. That's guess what I'm be doing on my walks every day. Listen to that when I'm working out.

26:31 If someone's to the point, okay, I get it. I need to get funding. This is mission critical now. I have to do this. I need to get personnel. I can't afford them. I haven't done the weight list thing yet. I'm I'm in this pocket of, you know what, I need 25K. I need I need 100K, whatever it is, and they need to get effective funding. Walk me through that process when they work with you. What are some of the things that people mess up when they first come in? And then what are the things that are proven to actually help people out? Um, so we got the creditors together, their profile is together, their business has to be structured properly as corporse are the little dings that banks look like look look at cuz I want you to think like a bank does. So when I come in um I have a real business address.

27:12 It's not my home address, right? So I have a a office and even if you can't afford an office space, you can actually rent addresses um where your mail gets sent to virtual address or registered agent cuz now you look like a real business. Does this Bank of America want to do business or give somebody 25 grand who office is in their home, right? And another thing, people who have their home addresses as your business address. Um, that's actually not safe because your business is public information. I can go to the Secretary of State website, look up Bellisone Enterprises, and it's my home address. Everybody knows where I live. So, little things like that, having a real business um, email, info at Bellisone Enterprises, not Bellisone Enterprises at Gmail. You want to look legit and you want to look absolutely credible. Those are the two little things I just wanted to tell people. And also have a real uh business

27:56 website because the banks, they actually look you up while you're sitting there like, "Oh, okay. Let me check out your website, see if you're legitimate." So, if that looks good and it's perfect, the the application process is pretty simple. They know that you're a startup. They know that you've done um only 30,000 next year. Sometimes they'll ask you, "Hey, if we give you this 25 grand, what does revenue look like?" I project I'm going to make a h 100 125,000 next year with this $25,000 um influx into my business. Okay, great.

28:23 And sometimes they give you 10% of what the business has made or what the business will make up to a certain point. So if you say you're going to make up to um 125 grand, that business credit card will probably be $12,500. Or they'll see what credit cards you already have on your personal side. They're like, "All right, well he has a $25,000 personal credit card. he's done well with it. We'll bump that $12,000 card to a $30,000 card. That's how they think. Another thing with the application is what you put on it as what you do is important, too. So, yes, I have a job, but what is your title that you're putting on your business? I always tell people, put that you're the president, you're the CEO or the CIO.

29:03 Don't put owner. And they're like, well, why why not? I am the owner. I was like, because owners don't make any money. So me as a as a president or a founder, I have a salary that I get because they're thinking, well, how are you going to pay this credit card if you're the owner? Because the owner is always what? The last to get paid.

29:19 And so you get the change that's left over. So those little things when filling out the application actually you can leverage to actually get more capital for your business.

29:27 And I don't think people understand that banks actually want to lend you money because they make a lot of money. Like when you buy a house, lot of money.

29:34 So when when you buy a house and you're like, "Oh, well, I'm just paying off my mortgage." No, you want to think of a box and then it's cut in half from one corner, the bottom left to the top right and you're just mostly paying interest the entire time. They're making your your actual balance is going down. That's not any different than business loans. They're going to make a ton of money because they have these things where like, oh, sign up now, get $500 when you sign up bonus when you have a credit card. They're hoping that you're like the majority of the people out there that they're going to make that 100x over the lifetime between fees and late fees and problems and so on and so forth. If you got effective financial literacy, you're not going to be that guy that you're not going to be in that situation and you're gonna and you're going to get away from that.

30:13 So, if they're coming in and you know, you got to put down that they're the founder or the owner or the president. You got to have a real business address. What happens if someone's like, "I don't have I don't have a website. I don't have this." Do you walk people through that or what is the ball game?

30:26 Absolutely. We can walk you through that. Um, we don't do it. Here's why we don't do it. Because it's so simple to do. You can go to fiverr.com,

30:32 pay somebody a hundred bucks. I promise you they'll have your business email, your business website set up within 3 days. Um, or you can go and do it yourself and get it done in like 2 hours. Go to godaddy.com or wix.com. It's very simple. There's nothing that we're discussing on this podcast today that cannot be done in the next 24 hours in regards to your business setup.

30:50 We used to run summits and we would do this and we would force people to do it live. We're like, "Okay, here we go. Go do this. Go do this. Go do this." And within two hours it's operational because it's not that complicated. It's so easy to do because if you show up with Gmail or Live or Hotmail, whatever is your address, it's not that that there's anything wrong with those email addresses except you don't own any of those emails. Remember, if you're not paying for something, you're the product. So, it is what it is. Remember that. But it it tells the person who's investing you, tells the the lender, it tells you as an angel investor when you come to me, if that's your email address, it tells me volumes about your business activ.

31:23 I just I know more about you than you could possibly know. If you show up and you've got an AOL address, I it's like a puff of smoke where I was sitting cuz I will run as fast as I can. It just it tells me so much about you. It's just like when you go to apply for something, if you show up wearing a pair of raggedy shoes and flip-flops versus a three-piece suit, I'm going to know. Also, the way you articulate what vernacular are you using. I use very different vernacular when I'm on a podcast or if I'm, you know, in the versus when I'm with my friends because when I'm with my friends,

31:53 I sound like an idiot. There's just no way around it. We are goofy and we're we're just we're making words up and we are cursing more than my mother would ever approve,

32:01 but we are being idiots. There is a time in a place that's also your digital footprint and people regrettably don't understand that. What are some of the other mistakes that people miss make and that just common stuff when they come to you and they want to come and they want to help you out. What are some of the things that you help people out and go, "Okay, first off, don't do this anymore. Dear God, please don't do this."

32:21 Right. Right. Right. um being in a high-risk industry and lying on the business application. All right. So, number one,

32:27 yeah, that happens. So, uh no, there's people out there, believe it or not, um a high-risisk industry. Banks don't like to give money to like high-risisk industries such as real estate. So, I know HGTV made it look all sexy and good, but banks hate giving that that money to that NICS code. So, every industry has a code that is attached to it. um business consulting, um technology, um medical, they all have a code. So when you're going to the bank and you're um and they're nice and they're wonderful. Oh, Herman, it's a pleasure to meet you. What do you do?

33:00 What's the business? And you tell them, hey, Bellisone Academy, Bellisone Enterprises, we do real estate. They're like, "Oh, that's wonderful." And they attach a code to your business at that bank. Now, when it's time for you to go get funding, instead of you getting a $25,000 card, you're probably going to get a $7,000 card because in their eyes, real estate is high risk. Um, trucking is high risk. Carmen, what are the other high-risisk industry? Adult vices are high risk. Um, daycare, anything with transportation, you can Google this information, high-risisk industries. So, those type of industries they don't like to give funding to. That's why I have a general name, Bellisone Enterprises, not Bellisone Credit Repair or Bellisloone Trucking. Um, and the other thing is lying on business applications. Like you said, banks want to give you money.

33:42 Start slow. You're trying to get a $150,000 credit card or a loan from a bank. Um, and if you have to lie to get it, then you're probably not ready to get the money. So, be honest with the bank. Listen, I made 30,000 last year. I'm projected to make a a buck 50 this year. What can you give me based on my credit and my business being structure? Probably, Herman. Honestly, we can give you 30,000. Great. I'm going to turn this 30,000. And here's what the great thing. Once you spend that 30,000 and you pay it down or you pay it down half within 90 days or 6 months, guess what the bank is going to do? They're going to reach out to you like, "Hey, um, you you're doing really good with this credit card." Yeah. Would you like a credit card increase? Would you like another business credit card?

34:19 Absolutely. I would love to do that cuz you got to prove yourself to the bank and they'll take care of you.

34:23 I love that you said they'll reach out to you in a nice nice way. No, they will hound youound call you 15 times a day like you like my money, sir. It it actually becomes the different problem when you actually have financial literacy and you're running into this. They'll bang on your door. They will get annoyed. It that's why it's important to have don't use your regular phone. Try and have another phone specifically for this. We all have hidden phones. We all have hidden WhatsApp. We all have hidden Google Voice. We all have extra SIM cards in our lives. Let's be honest.

34:51 Because no, no, because I will just getounded whenever I go and I do apply for something or whatever it is. I will go in and I'll have a separate email address and a separate phone number that just gets hounded and I'm like whatever. It's connected to a phone that sits in a closet in the office. I'm like, "Have fun." It's on airport mode or it's on do not disturb and I just like whatever. I don't check it. I never interact with it. Sorry for those of you who have Googled me and tried to get a hold of me. That's why you can't get a hold of me. Super.

35:17 That's why it's for my protection. Yeah. It's just y'all and it goes back to what you said earlier which is don't put your home address on the on the thing. No one knows my home address. There's no way to Google where my home address is because I technically don't own my home.

35:31 My own my home is owned by a trust, which I am not connected to in any way, shape, or form publicly. Privately, it's my trust, but no one knows where I live. And that's done on purpose cuz um I love you guys. You guys are very sweet, but y'all are creepy and you freak me out. Don't show up in my house. It makes me pee on myself a little bit. Don't be doing that. It's weird. Y'all are

35:50 makes me nervous. I have to protect myself. This is what it is. And you know I I like carrying guns and I will return fire and is what it is. So when someone comes in there's a lot of people when we talk about getting a loan fixing their credit they're terrified because they weren't taught this. I mean financial literacy isn't something I was taught by my family in any way shape or form. I was taught save. Don't buy stuff you don't need. That's the extent of it. It wasn't until I read I know it's very classic and everybody's read it a thousand times. I read Rich Dad Poor Dad.

36:19 Dad Poor Dad. I read Rich Dad Poor Dad and then my favorite book by him is not rich dad poor dad it's cash flow quadrant class cash flow quadrant changed my life and then I was 20 years old 21 maybe I bought a book called cash flow and a book a game called cash flow that he has done if you haven't bought this game which it was $350 or $299 when I bought it which at the time was more money than I could possibly imagine cuz I grew up p I couldn't afford the last three letters of poor I was broke and I spent this money and it's like monopoly on crack and I laid out and I played with my buddy Keith and he kicked my butt the first time and then I sat there on the table and there's four people can play at the same time. I think you can play more but normally four and I would run around and I'd sit there and play every night all by myself just constantly playing this game over and over and over. And I have played this

37:05 game with every one of my clients that I've coached, every one of my clients that I've got like $75 now because bastards made me spend money before.

37:12 Um I played it with people who are billionaires and who go bankrupt instantaneously in the game. It is one of those games that fundamentally changed it and allowed me to get past the fear of, hey, maybe I'll try this, maybe I'll try that because if I lose, it's just paper money and it's little plastic rats on a board. So, when people come to you and they're terrified because there's a lot of people who are terrified of approaching this, they're like, you know what, I I can't be a business owner. I can't do a side hustle because I'm afraid I just I just want to be an employee and get a W2, which is

37:40 horrible. Good God, the amount of damage. Oh my god, it's horrible. When someone's at that point and they're they're have paralysis because of fear, how do you handle that? How do you hold people's hands through them?

37:54 Um, I give them a different fear. So, uh, everybody doesn't have to be an entrepreneur, but everybody does need to be an investor. You need to be investing in something that you're in control of. Um, a a friend of mine gave me this wonderful example. He was like, there are financial prey and they're financial predators, right? And it's in the interest of the financial prey to keep you financially illiterate. And when you're financially literate, they make more money, right? So for banks, say for instance, they make billions, like tens of billions, I want to say $50 billion just on late fees and um not even late fees, it's like u bounce checks or whatever, non-sufficient funds.

38:31 Billions. Why wouldn't they just send you a text message, hey, your bank account is low or or in school, why didn't they teach you how to balance a checkbook? I literally went, but it was a private school. We actually had a class where they showed us how to write checks and balance a checkbook. And my dad sat me down. He's like, "Hey son, I want you to pay the bills every Friday." And he was, he's like, "This is what I made. This is what we're spending." I think he did that so I wouldn't ask him for the Nintendo cuz he would see how much money was left. Um, but it was financial literacy for me. So when I grew up, I had those those habits. Not having those habits would cost me money.

39:04 If I wouldn't learn how to save, I wouldn't learn how to invest. So, the different fear that I give people, um, okay, you want to do the, um, the W2. I I'm I'm old enough to see a couple of crashes happen where people's 401k have been wiped away, right? So, I'm like, do you want that option or do you want to have just a little bit more control? Cuz you gave somebody two, three, $400 a week for 30 years.

39:28 They made millions off of that. Yes. And they gave you when you retire, you probably have half a million dollars, a million dollars, and you think you did a thing. But the opportunity cost of your financial literacy, it's probably $10 million that you lost because you didn't have that information. So when I pivot, when I give them new information, they're like, "Oh." I was like, "Listen, I I'm not going to pro promise you getting you $10 million, but hey, let me help you get two or three rental income, right, properties. So when you retire, in addition to the 401k, social security, you're getting three $4,000 in rent check, and the asset is worth x amount. Put in a trust that you can pass down to your children. lever by leverage my life insurance. We'll go down the rabbit hole.

40:08 I just make them think differently about that $1,000 they're giving away to somebody else.

40:12 So, let's go down that rabbit hole. So, if someone comes to you and they're like, and I love that you said you wanted a Nintendo because that makes you in my age group. Um, it was different though. Did you actually get the Nintendo or No,

40:22 I got the Nintendo. I got the Nintendo. You're getting Nintendo was different than me getting Nintendo because remember my last name is Schwarz. We have eight days. So, day one I got the Nintendo. Day two, I got the controller. Day three, I got the other controller. You know what I got in the last day?

40:36 The power adapter to turn the damn thing on. I was so mad. I was so that my my dad thought it was hilarious. Um, but very similar to I had my mom sit down and show me. This is what a checkbook is cuz we're both that old. But you got to sit down and and and go through this and learn these things out. But let's start going down these rabbit holes. Let's talk about more of these advanced things that you do and that you share about life insurance and how to do this and all that. Walk me through the stuff that when you share with people, their minds just go and they're just their I'll give you a great example of this. Um I did a Zoom call with Temple University students during the pandemic.

41:07 Temple called me. That's my alma mater. So I was very honored. It's like hey can you talk to um our freshman about some financial literacy topics. I was like great. So I got on the call maybe 20 people on there and I was like hey who wants to be worth $250,000 by the time they graduate college?

41:22 So you're telling telling a bunch of 18y olds that? And they're like what are you talking about? That's that's not even possible. I'm just trying to get this this um this teaching degree so I can make $50,000 in the school district of Philadelphia. Right. Right. Painful. So, um so I was like, "All right." So, we talked about the credit thing. Walked them through the whole credit thing, open up a bank account, getting your first personal credit card, walk them through all that. In two years, when that credit card is 2 years old, it'll probably have a $5 to $10,000 limit on you. And I want everybody to start their LLC. So, I'm talking to freshman right now. So, now it's sophomore year, junior year, excuse me. Your credit card is 2 years old. The limit is $10,000. You have a business that's two years old.

42:00 Whether you were using it or not, I'm just glad you got that paper. Now, um you're able to go get business credit or business line of credit and you're able to put a down payment on an investment property, right? Because you're over 18, you're able to sign for it, talk to a good realtor, and now we're going to house hack. You can get up to a 4unit property, right? Um um through a program called Naka. start talking about this Naka program where they're able to get in it with low low money down or zero money down um for first-time home buyers. So now you're in this property, the three other units are paying the rent for you, right? And you're living for free. In another two years, you're able to take out the equity cuz there will be a little equity, a little $5 $10,000 and purchase another do another down payment on another property. So, by the time you're a senior or you're a graduate student, you'll have eight

42:50 doors paying you x amount of money. And at minimum in the Philadelphia market at the time, um those assets should be worth over $250,000 and you're cash flowing at least $25 to $3,000. So, after I gave him, it was a longer PowerPoint. I was like, after I do that, what do you think will happen to you by the time you graduate? Everyone was like, I probably won't work, right? And I was glad in that moment I brainwashed them. I was like, really? Why wouldn't you work? Well, they was like, "Well, if I can leverage credit to make 3,000 or 5,000, then I'll just do that over and over." I was like, "All right, class dismissed. I didn't sorry Temple University that everyone's going to drop off drop out in two semesters." Um, but I just I just show them the difference and I was like, "Hey, you can still have a job, but having this side hustle cash flow coming in and building asset equity and then I tell them to put in a trust,

43:40 protect the assets cuz everybody wants to sue you and um, hey, you got extra $5, $10,000, start putting that into a life insurance policy that that'll grow some safe dividends every so now their mind is just thinking differently about money." And I was like, "Hey, the jobs that you guys are going to have, you can leverage that to to to to 10x this even more, and you'll probably retire in in five years."

44:01 So, I love that you just kind of, again, for people who have done it a million times, it's like, "It's no big deal."

44:06 So, to make it easy to remember, it's Monopoly. Four green houses, one red hotel. Really, really simple. But, you know, you came on and you said, you didn't say, "Go buy your dream house." You're like, "No, go buy a forplex." That's three of them are going to pay for the one. And you go through that and then rinse and repeat and rinse and repeat and rinse and repeat and rinse and repeat. It doesn't have to be sexy. It doesn't have to be fun. Now, you're still going to have the headaches of being a property owner. There's always going to be that. That's just the nature of the beast. It it is what it is.

44:29 You're going to have people who ruin stuff. You're going to have those things. There are those hurdles and there's ways to prevent that. There's ways to really fortify it. Um, one of the ways that, you know, when I was purchasing real estate in the very beginning, I refused to rent to renters. It was always rent to own. I'm like, listen, if you want to come in, it's a rent to own model. Therefore, all of my problems with as far as any anybody coming in and messing with my properties and breaking anything, they're going to take better care of it. Now, most of them have been there for 13 years, 14 years.

44:58 Wow. They're still don't want to buy the property. They're still I'm going to buy it one day, but they're wage slaves. They're employees. So, they're never going to get there. I'm like, "All right, we're going to get to a point sooner or later." And I'm like, "Guys, we're way outside our realm of when you could have bought it." But they still had this idea that this is their home. And before the collapse happened, I was lucky enough to be connected to in COVID before the collapse. I was lucky to be connected. People like, listen, take all of your commercial property, chuck it.

45:21 And I was like, I'm sorry, what? That's most of my portfolio. They're like, you have to chuck it. You have to chuck it now. And I was very lucky. I chucked all my commercial property. I got out, took all that road, put it into industrial stuff, survived the hit, and now I got to go back in and buy certain industrial stuff because I owned a bunch of office complexes. And they're like, um, you're going to get eat. It wasn't me. Again, this is something that people don't understand. Herman and I, but I'm I'm sure I'm curious if you It is not ever what you know. It's who you know.

45:50 Who you know. Your network is your net worth. I knew this individual for a very long time. I'm not going to plug his name. He's a gift. You already have read about him. He helped somebody who we may have talked about earlier who created a really cool board game and multiple books get his real estate. Well, he called me up. He's like, "Listen, I've never told you to do anything. You and I have been friends. We've been connected. you got to purge all of this now. And I was like, I'm sorry, what? And he kept blowing up my phone. I was like, dude, what's wrong? And he said, you got to get out. He goes, you're gonna get eaten alive. And I was like, dude, you're asking me to wipe out 60% of my wealth.

46:21 He's like, I'm just you have to please, for the love of God, and I was like, oh, I'm going to beat your ass if this doesn't work. I work this is taking years to get all of these. And

46:32 I listed everything and wiped it out and we got very lucky. One of the things that Herman went through was he didn't again he didn't say go buy your primary residence that you should never you should never do that like hey I want this primary residence that's $3 million it's a million it's $300,000 awesome what is the mortgage payment cool it's $2,000 $3,000 a month awesome how can I buy something that's going to pay for that

46:55 that's what we talk about with buying an asset and you can't do that with without having a certain level of financial intelligence so there's a lot of advanced things we're talking about we didn't even get into the life insurance stuff there's so much here where people can just pick your brain because you've done it and you you share so openly and so lovingly. If someone wants to find out more and they want to connect you more and they want to do this,

47:14 how do people find you? How do they get a hold of you? How do they Okay, we get it. There's actual help out there. How do they find you?

47:20 Um, so they can find me on um Instagram, Haitian_CEO, where I have these conversations every single morning say 6 6 a.m. Eastern Standard Time. I'm dropping a video on some type of knowledge base so that they can do this. A lot of people hit me up, hey, I want to learn more. I want to sit down with you. I have an academy. It's called Bellisloone Academy. 50 bucks a month. Sign up. We meet every single um Wednesday night at 700 p.m. where we would like to be of service. And you can find me on my YouTube channel, Bellisloone Enterprises. We have long form um content where we teach for an hour for free. I tell everybody, hey, I only charge for my time. The information, I'm going to give it away to you for free. Just tap into any one of my platforms. I'd love to be of service. So I if someone comes in because you've got Haitian CEO and you've got Bellisloone if someone is not either fall into that if someone isn't

48:06 Haitian if someone is from a different culture are they completely welcome as well.

48:10 Yes they're absolutely welcome. That's just my moniker. That's my title. That's just for me. But black, white, purple or green, rich or poor? We like to serve everybody. We have something for everyone.

48:20 I love it. Thank you so much for coming and sharing these little tidbits and being part of this. I really appreciate your time.

48:25 It's an absolute honor. Great conversation today. Thank you. Herman didn't theorize about credit. He mastered it, then systematically generated $150,000 in funding using proven stacking methods. Financial literacy isn't optional anymore. Take action. Check your credit report, optimize your profile, and start building real wealth.

Questions about this episode

What is discussed in "Limitless Funding Through Credit Repair - Herman Dolce"?

In order: 0:00 Financial Literacy, Bellisloone Enterprises, Bellisloone Enterprises, Herman Doulsey Jr.; 5:00 Equifax, Experian, TransUnion, Best Buy; 10:00 Financial Literacy, Fair Credit Reporting Act, Credit Optimization, Equifax; 15:00 American Express, Experian, Financial Literacy, 10X is Easier Than 2X; 20:00 Daniel Prey, Financial Literacy, Scorecard Marketing, Sequoia Pitch Deck; 25:00 Bank of America, Everand, iPad Mini, Secretary of State; 30:00 Financial Literacy, Fiverr, GoDaddy, NICS code; 35:00 Financial Literacy, Monopoly, Rich Dad Poor Dad; 40:00 Philadelphia, Temple University, Financial Literacy, Monopoly; 45:00 Haitian CEO, Bellisloone Academy, Bellisloone Enterprises, Bellisloone Enterprises.

What is mentioned in this The Proven Podcast episode?

55 people, works and ideas are mentioned, including Financial Literacy, Equifax, Experian, TransUnion, Herman Doulsey Jr., Bellisloone Enterprises. Each one on this page links to its own page with every episode that mentions it.

How long is "Limitless Funding Through Credit Repair - Herman Dolce"?

The episode runs 49 min; the transcript is about 11,499 words in 132 timestamped sections.

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