How To Build Wealth While Being in Credit Card Debt

[@_xXPrOjEcTXx_]

This is a strategy but an extremely risky one… you better be damn sure your flip is successful or you will be paying 22% interest on that venture. That’s what we’re talking about.

[@osmanhalifa7348]

No risk no reward

[@davidval7188]

The trick is to find That product or business the you can flip.

[@Mojojojo335]

Not a trick

[@Drod11z]

@@Mojojojo335can u elaborate

[@pj-hs7pk]

@@Drod11zjust flip what u know

[@jay2009fun]

Excactly

[@pedroruiz4716]

this is knowledge i just spend $558 on tiktok ads and lost -248 but if i had a credit card i could swipe $800 in one week i could of flip that and still had cash to add too but live and learned knowledge is power .. flip it to 100's to 1000's

[@wavykickz_2.0]

Been doing this with shoes bro. I max out all cc on my inventory, and i pay off all cards before the closing date after i flipped the kicks... TY bro🤝🏽

[@moneyguyfly6583]

Go more In detail

[@Wowvod]

How many credit cards do you have? I don’t plan on getting a debit card cause that shi will eat up my checking account

[@wavykickz_2.0]

@@Wowvod I have 6 cards rn, best feeling in the world is flipping the banks money... Add tradelines to start off with high limits on your CCs

[@Wowvod]

@@wavykickz_2.0 okay that’s what I was initially planning on doing actually, but what was your first credit card?

[@Jack-jp6ki]

​@@wavykickz_2.0let's do some business together.

[@failureface1837]

This brother is intelligent while you worried about his clothes

[@kingmode4]

Dude Changed my life in 2020

[@quest8054]

How?

[@kingmode4]

@@quest8054 saw his video on how to make money on credit cards through AU spots.

[@CreatorsExpress]

When you spend money you want it to make you money. Every dollar you spend should bring you atleast .10-.20 on the dollar. Your margins don’t have to be crazy. You just need consistency and good services/products.

[@elnegritolamar4689]

Let's address the elephant in the room which is how tf you're gonna turn that loan into a revenue stream which isn't easy to do. The average person doesn't even have an emergency fund and is living paycheck to paycheck. Let me guess Real Estate, air bnb, forex, crypto lol. How about instead of trying to scam a credit card you come up with a business idea that actually creates value then think about leverage. Or learn a skill that people are willing to pay for.

[@MrArtVein]

The answer is don't be an average person. You don't have to scam to do this. Where I stay you can get a commercial kitchen membership $100 then pay $20 per hour to run a Doordash only food spot selling 1-2 items. Y'all stay thinking negative which is why y'all stay broke. Cuz you've already convinced yourself to gotta be evil to make money. Meanwhile it's folks making $10M off dog ramps lol

[@TheirsHopewithJesusChrist_277]

I agree, come up with your damn game plan first. Before you even begin to think of using credit and leveraging it.

[@jinbambino-digeronimowitch5936]

Mega Man boots aside…he’s spitting knowledge. I am working on getting certified as a financial advisor and I’m ten minutes i learned things that should be taught in schools. I was a little angry because we are so concerned with having weirdos in banana hammocks doing story hour and dance offs instead of empowering people. That shows you what’s happening is what they want

[@martin4819]

It takes money to make money is not exactly a secret or revolutionary idea, nor is using other people’s money to do so. It’s called a business loan! The trick is figuring out where to put money that’s going to earn more than your interest rate of your loan. In the case of CC it could be as high as 26%!

[@ricruss1869]

One word. Leverage.

[@norvelle53]

Praise God.......

[@venoldjohnson6909]

If what you’re investing is in is making money consistently yes! Debt with multiple plans

[@allgasnobrakes919]

Talk that talk Fam

[@makavelli7211]

Dude lost mad weight.

[@dalehughes388]

Is this man making shit up or am i just too broke to understand what hes talking about ?

[@socl6534]

An example is this. The Jordan 11 concords (VERY popular sneaker that always sells out quickly) are rereleased today, so I use my credit card to buy 10 pairs of them. They cost $200 each (made up number, I'm really not sure how much the msrp is), so I'm out $2,000 (in credit). A few months later (when they are sold out everywhere) I put them on ebay and resell them for $400 each. Once they are all sold, I get $4,000 but remember I still need to pay off the credit card company their $2,000, also factor in shipping costs and credit card interest because I'll most likely be paying just the minimum payment every month on that very same credit card to avoid any fees and keep the credit card company happy. Another example, say you're a prostitute and you use a credit card to buy all of the things that a prostitute uses to attract new clients (sexy high heels, sexy outfits, manicure, pedicure, hair done nice, perfume, mouthwash, phone, etc...) She spends $1,000 in upfront costs and gets 10 clients per day everyday. She'll EASILY recoup that $1,000 in no time. Now let's take it a step further and say she spends $10,000 (in credit) on "getting work done" on herself to attract even more and higher earning clients. She'll get even more clients with her new look and earn money even faster. The trick is basically to have a way that you know for sure will earn you income once you spend that upfront credit, (i.e. a way to flip your money).

[@tatianabritton6258]

He’s speaking unrealistic hypotheticals. It sounds nice when he says it but the reality is if you aren’t selling said “product”, you’re on the hook for paying back that loan plus interest. And if things go really south, you can always face lawsuits from your creditors if you can’t pay back what you owe. There’s a reason why 90% of businesses fail within their first year.

[@alphap9007]

That’s the ONLY thing I respect from trump. In one of his books he stated you get rich by using other people’s money.

[@JB0010]

Trump put money in your pockets, Democrats are paid by China

[@kenyafromcali]

That’s good game. Should be respected. 🤷🏽‍♀️

[@all4onejerzyd.344]

DOES ANYBODY KNOW WHAT TYPE OF BUSINESS HE OWNS? I thought he had a debt consolidation company, but I'm not sure?

[@OutbackinLasVegas]

Don’t forget the 4 percent on the original amount.

[@BaileyZLeone]

How would you use a credit to grow the money?

[@ajjoyner1909]

Ok.. how did you turn the grand into 10?

[@ItsRich1005]

Flipping what my guy

[@jasonjstdr]

Borrowing money to invest…

[@cashlesssocietyobsolete7348]

This is basically scamming at some it's best

[@maneleymichaelj3584]

How is it scamming?

[@cashlesssocietyobsolete7348]

@@maneleymichaelj3584 look up your birth certificate bonds aka trust bonds do you have a social security number and a birth certificate bonds that's where all this stuff is coming from your birth certificate is on the new York stock exchange everyday with billions in it the higher-ups is over it that's why y'all think with this credit crap it's free etc u already filthy rich mountains of gold etc u was weathly birth certificate bonds aka trust bonds look it up this matrix simulation is a scam matrix the real stuff is your birth certificate bonds aka trust bonds I'm sending off my paperwork now

[@CatfishBradley]

Based on your name and picture, YOU are the scammer lmao

[@candyfanaticworld]

😍😍😍😍

[@kingdon9274]

💯

[@gerardbeard4894]

Why do i care what the next person doing thats the problem people to worried about the next

[@carladirden]

What is his name?

[@makavelli7211]

Marcus Barney (a.k.a Him 500).

[@TrapGod948]

🤣 where can you spend a thousand dollars and make $10,000 off it in America tell me I will love to know

[@Tasraww]

Let’s gooo

[@Christopher-tr1xu]

What is he buying for 1000 that gives him a return of 10000

[@moneyguyfly6583]

This makes more sense if you're using someone else's money

[@ms4ever98]

😳

[@shadowbanned4days]

Follow pelosi 😂

[@johngibs5356]

Y’all not really doin this tho

[@Asun5th]

What are those

[@allgasnobrakes919]

The Sonic the hedgehogs 👟 🤷‍♂️

[@allgasnobrakes919]

The Sonic the hedgehogs 👟 🤷‍♂️

[@Liefgamingyt]

Blue rocket boys

[@Asun5th]

@@Liefgamingyt ok

[@stephensanders4566]

he look sick asf