Bank of America says it has to be 2 years old in order for them to finance you 🤔how do you get around this
@Ralphmeansbiz3 сағат бұрын
If you meet all the other requirements, put the application in.
@HipsterHumor5620 сағат бұрын
And you might wanna apply for a nav account and get at least 5 trade lines
@Ralphmeansbiz10 сағат бұрын
Definitely can’t hurt. Especially if you don’t have the best personal credit. Thanks for watching & adding some extra insight! 🫡💯
@2000BIRDКүн бұрын
Thanks bro! Im thinking about becoming a Turo host. This vid and a cpl other vids you have have really helped me. Thanks bro! I really appreciate the transparency 🫡🤴🏾
@MultisportamateurКүн бұрын
AMEX Platinum Card Hong Kong is $1200 usd annually.
@RalphmeansbizКүн бұрын
That’s insane! 😳
@Multisportamateur22 сағат бұрын
@ I didn’t know the US version of the platinum card was so much cheaper than the Hong Kong version. However, some of the perks that you get with this card in Hong Kong is complimentary 1.5 hour usage of the gym and pool at the W Hotel per day. Also, we are allowed to have 2 supplementary cards included with the fee.
@EhwartКүн бұрын
I will say that the card is pretty good. However, the dispute team is horrible. They never worked to resolve any issues. Fortunately, I’ve always been able to work them out myself. However, even with given ample evidence, the dispute team does nothing.
@JohnDaniels-kx3ll2 күн бұрын
Running, fund, get website phone email location hiring booking get equipment
@Ralphmeansbiz2 күн бұрын
💯💯
@jacksonprasifka464 күн бұрын
Worfit ❤
@Ralphmeansbiz3 күн бұрын
Thanks for watching! 😁
@dougla82airborne4 күн бұрын
Don't forget to fill out your BOIR Report with the treasury department
@Ralphmeansbiz4 күн бұрын
Thanks for watching & sharing! 👍
@omni8754 күн бұрын
This card is not for everyone. When you know, you know. It's a lifestyle card, not an earner. To take full advantage of this card, you're going to have to spend quite a bit on travel, expensive travel. if that's not something you can or want to do, then stick with other travel cards.
@Ralphmeansbiz4 күн бұрын
I agree for the most part, pretty much what the video was about. Thanks for commenting too! 😁💯
@МЕГАПоЗиТИВ-й2е4 күн бұрын
Yes, financing has become more expensive 'cause the interest rates are up, but why not just use cash to buy new cars? I would just put all proceeds towards new business. I mean, these cars make an average of 100% return, right? (meaning you get the cost of the car back in about a year) I see no reason to stop :)
@Ralphmeansbiz4 күн бұрын
Simply because a lot of people don’t have the extra capital to buy an additional car in cash.
@macruizphotography4 күн бұрын
their guest policy for their lounge access is absolute TRASH tear. the $75000 min spend to get 2 free guests per visit is BAD. The charging of children between 2-17 is wild. BUT (sarcasim coming) atleast they allow you to give your 13 year old a credit card for $195. So if you have a family of 3 and 1, 2 year old. Your wife will have to have a $195 card, and you will still pay $30 for you 2 year old because you cant authorize that 2 year old yet... Better policy (minors free) as long as the boarding pass shows some kind of family connection or boarding pass connection or some kind of pre registration on the card (whos family). and cut the dam extra card to $95. I am a Cap one main, and their policy is 100x better. The amex card has SOOOO much utility and could be much more competitive if they just did my policy. Instead i look at the Amex card as a 2 year move to blue cash card, collect the 175k sign on and use you probably additional 20-30k + 25k renewal grab points to book a couple trips to Europe, and wait till the next cycle that you can reapply and re capture the sign on bonus, and rinse and repeat.
@macruizphotography4 күн бұрын
its just not a family friendly card, its designed as a single persons card and that is kind of single sited ( drum drum symbol)
@Ralphmeansbiz4 күн бұрын
Appreciate you watching & sharing your opinion as well!
@omni8754 күн бұрын
I like the policy, when I'm traveling I don't want to deal with a bunch of kids running around. Honestly I wish they would raise the AF further, make it more exclusive. Cap one plays in the subprime market, their service and tactics reflect that. Amex cards are not for everyone, most people will do better sticking with more "family friendly" cards. Also, you cannot rinse and repeat amex offers.
@macruizphotography4 күн бұрын
@omni875 I don't think you know what subprime means if you think it's families. Fact of the matter families spend more than a 20 year old solo flyer. More swipes means more money. I dont thinknive been to a lounge yet where it's full of kids. The fact of the matter is the lounge world is pretty exclusive since most people would not qualify for these cards.
@YeagerErren-q1s4 күн бұрын
I live in toronto and work night time. I bought a new jeep compass. It’s quite expensive so to make some passive income to cover the cost, I decided to rent it out during day time when I am not using like from 12pm - 10 pm. Is it possible? And How much monthly income can i make?
@Ralphmeansbiz4 күн бұрын
Thanks for commenting! So you would have to most likely rent your vehicle out days at a time & not by the hour. Also, to estimate your gross income look on the platform and search your area to see what similar frequently rented vehicles are going for & use that as a barometer.
@YeagerErren-q1s4 күн бұрын
@ Thanks , guess not for me then. I need the car for my personal use too.
@kimgrod4 күн бұрын
Nice, honest explanation of the AmEx Platinum card.
@Ralphmeansbiz4 күн бұрын
Thank you for the comment & watching as well! 😁💯
@shawn.credit5 күн бұрын
Solid card and the BIG DADDY of travel credit cards with status! ✊💳
@Ralphmeansbiz5 күн бұрын
Great point! I didn't even touch on the statuses aspect. Thanks for watching!
@kdogthehandyman5 күн бұрын
seems like a lot of work and risk for not a lot of squeez. real estate seems way better
@Ralphmeansbiz5 күн бұрын
That’s a great assessment. I always say this is a good business model for when you first start out with entrepreneurship. But once you get to a certain level, you definitely need to leverage this into real estate or some higher profit asset.
@Aquadeena5 күн бұрын
You rock💯Newly subbed here!! Thank you soo much🙌🏻Blessings to you 🙏🏼
@Ralphmeansbiz5 күн бұрын
Thank you for the sub! I’m glad you enjoyed the content. More in the way! 😁💯
@mobokey5 күн бұрын
Great video!
@Ralphmeansbiz5 күн бұрын
Thank you as always family! 💪🏽💯
@Antoine-6196 күн бұрын
Was funding from banks/lendors a problem going this route? Thx 👊🏽
@Ralphmeansbiz5 күн бұрын
Nope. All went well using this one 👍
@Crashoutkey6 күн бұрын
Do you think it smart if I start off with a more popular car like a v8 charger since I stay in a common city (Houston)
@Ralphmeansbiz6 күн бұрын
Stay away from muscle cars my guy 💯
@chocpch6 күн бұрын
Can’t sleep & came across your video by chance & next thing I know I’m using your link to get approved for a Platinum AMEX. Life is crazy. lol I hope you get a hefty reward for my approval. Thanks for the tips!
@Ralphmeansbiz6 күн бұрын
Haha God’s plan. I hope you put some of those benefits to use like I talked about in the video. Thanks for the support family! 💪🏾💯
@Ralphmeansbiz7 күн бұрын
What are your thoughts on the AMEX Platinum Card? Is it worth it or nah!? Let me know!👇🏽
@trumainemichaels10 күн бұрын
Just did some research into the BOA loan on their website and it says you have to be in business according to your documents for at least 2 years. Is there a work around for this or does this no longer work anymore?
@Ralphmeansbiz10 күн бұрын
I’m just letting you know what I know from my experiences bro 🤷🏽♂️
@trumainemichaels10 күн бұрын
@@Ralphmeansbiz yeah I appreciate the knowledge in this video for sure! BOA must’ve tweeked some things to make it harder for people to get it
@Ralphmeansbiz9 күн бұрын
I’m pretty sure it always said that on the website tbh.
@jeffe947111 күн бұрын
Thank you, Thank you, Thank you, you have truly changed my life and saved my marriage. I have my EIN #, formed my business and paid my state fee, but was stuck until I watched your video and now I'm in a new mindset. It's like I have found the key to a successful life.
@skateforleisure11 күн бұрын
In 2024 do these same tips still apply
@Ralphmeansbiz11 күн бұрын
Definitely!
@AshleyThompson-s9d13 күн бұрын
May God continue to protect you brother 🙏🏽
@Ralphmeansbiz13 күн бұрын
Thank you Ashley! Likewise 🙏🏽✨
@AshleyThompson-s9d13 күн бұрын
Thank you thank you! I’m running this play tonight
@Ralphmeansbiz13 күн бұрын
You’re welcome! You got this 💪🏾💯
@JohnDoe-tq4fb13 күн бұрын
Great info
@Ralphmeansbiz13 күн бұрын
Thank you, I’m glad it was helpful! Appreciate you watching as well!
@kyloren279915 күн бұрын
The hype is done.
@Ralphmeansbiz15 күн бұрын
The business model could’ve lasted if the platform knew how to take care of its hosts AND guests at the same time.
@Rico480117 күн бұрын
Man I subbed to much GAME!!
@Ralphmeansbiz17 күн бұрын
My guy! I appreciate you 🫡💯
@mikejones12917 күн бұрын
👏🏾💪🏾
@Ralphmeansbiz17 күн бұрын
🫡💯
@broimnotyourbro17 күн бұрын
Problem is not Turo, it's the debt.
@Ralphmeansbiz17 күн бұрын
Even if you pay for a car with cash, you still down the money you spent. A loss is a loss. The problem is definitely Turo & the changes.
@Alaric-u9i19 күн бұрын
Good video
@Ralphmeansbiz18 күн бұрын
Thank you for watching!
@nimietyskookumlucre670219 күн бұрын
Bars, bro
@Ralphmeansbiz18 күн бұрын
Thank you bro 🫡💯
@OgLouisP.20 күн бұрын
Mannnnnn.. protect this man at all cost
@Ralphmeansbiz20 күн бұрын
Best comment I’ve received in a long time. Appreciate you champ! 🫡💯
@MNTekinfo21 күн бұрын
Hi bro , thanks for the video, I want to start this business in Sacramento, what is your advice for me ? Should I or not ?
@Ralphmeansbiz21 күн бұрын
Thanks for watching. Honestly bro, I advise you to watch all my videos, absorb the good & the bad about the platform, & try to make an educated decision based on your own situation & resources at hand.
@MNTekinfo21 күн бұрын
@@Ralphmeansbiz thanks a lot , I would start from 2 cars and see to gradually expand
@Ralphmeansbiz21 күн бұрын
Also, if you can, start with low-end economy cars opposed to going out to finance cars immediately. A lot less financial risk that way if things don’t work out.
@MNTekinfo21 күн бұрын
Do I have to rent a parking lot to park my cars near airport or train station? How it works ?
@Ralphmeansbiz21 күн бұрын
Airports can be tricky depending on your local airport rules. Everywhere else I just use street parking myself.
@FSDdriver21 күн бұрын
If you believe you operate a business by renting your car on "Turo", it's important to recognize that you're effectively an employee of Turo, not the owner, utilizing your own assets while they take 25% of your earnings and you take all the risk.
@Ralphmeansbiz21 күн бұрын
Appreciate you sharing your groundbreaking wisdom. Thanks for watching bro 🤙🏽
@KennyMassey22 күн бұрын
Turo tried to act like my car was their car and I fuck that shit they can suck one
@melindaharris136523 күн бұрын
Thank you
@Ralphmeansbiz23 күн бұрын
You’re welcome! Thanks for watching!
@Japanese_one_Tokyo23 күн бұрын
My friend got contacted by TAX department! He jumped on the Turo wave, made money Didn’t declare tax… *BOOM* He owes 3 years of renting multiple cars and is now in dept and going to court this Tuesday morning. Don’t forget you got to subtract tax folks
@Ralphmeansbiz23 күн бұрын
I mean that’s typically what happens when you don’t file the income you’re making to the IRS & get caught 🤷🏽♂️
@raylindor441924 күн бұрын
He needs to get to the point! Dam bro!
@Ralphmeansbiz24 күн бұрын
Feel free to go watch someone else fam 🤷🏽♂️
@ArielInspires26 күн бұрын
Thanks for the video
@Ralphmeansbiz26 күн бұрын
You got it bro! Thanks for watching 🫡💯
@judo-gt00726 күн бұрын
Cars brother thanks for the info 🙏
@Ralphmeansbiz26 күн бұрын
You got it champ. Thanks for watching! 🫡💯
@JElayneSpot28 күн бұрын
Thank you for the information. Implementing now
@Ralphmeansbiz25 күн бұрын
Aye let’s go! & thanks for watching 💪🏾💯
@kandicet454528 күн бұрын
What’s are PGs?
@Ralphmeansbiz28 күн бұрын
Personal guarantee. Using your personal credit to co-sign for business credit applications.
@SabineCedor28 күн бұрын
Hope you're able to revitalize it.
@Ralphmeansbiz26 күн бұрын
Thank you. Figuring it out now. Thanks for watching!
@LyfewmimiАй бұрын
8:07 you went off right here 😊! That’s the main reason I want to do this!
@RalphmeansbizАй бұрын
Haha yesss! This just a stepping stone to the next bag! 💰
@LyfewmimiАй бұрын
@@Ralphmeansbiz got to know it I’ll have to get up with you and ask more questions
@LyfewmimiАй бұрын
I’m here because I’m tryna go live but making sure this is a great decision to do
@RalphmeansbizАй бұрын
Let’s get it sis! Love that you doing the research beforehand! 💪🏾💯
@LyfewmimiАй бұрын
@@Ralphmeansbiz gots to do your research
@DesmondMorgan-n4gАй бұрын
May be a stupid question but what is PG?
@RalphmeansbizАй бұрын
Definitely NOT a stupid question. It stands for personal guarantee. Pretty much using your SSN/personal credit report to sign for the business side.