Here is a cool cases study of how to make more using business credit.

Many business owners use business lines of credit to double or triple their advertising. Because more ads mean double the sales and these business lines of credit have a grace period that allows you to use the money interest free with no payments needed for the first 40 days. Which is plenty of time to see any good ad campaign make huge conversions. And the best thing about this business credit is that it is tax deductible and it does not report on your personal credit while you use it. Using business credit is much smarter and cheaper than trying to max out your personal credit cards to run your business.

Get more info on business credit at: http://www.ShortcutToMoneySale.com

Tom

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Here are the answers to the most common question I hear.

Leanne  Mikka asks -
Tom, I have been approached by many companies telling they could build my credit – they want a pretty big upfront fee for that service – which they want me to fund with my personal credit… doesn’t that seem to fly in the face of what I’m trying to do!

Tom says – you always have to use some of your own money to start a business before you get your first business line of credit. Then your business can reimburse you when you get the business credit. Think about it. You need to personally pay the costs just to get your business name registered with the state because you don’t even have a business yet. Then when you are set up and get approved for the business lines of credit, your business pays you back for any costs you fronted to get started.

Paul Chou asks -
I already have a Duns number established and want to get corp. credit. I’m looking for seed money to get my business going. How much time frame do I have to get it going?

Tom says – most people have a few of the pieces in place for building business credit off their business image, but they usually have not done all the steps. You could be ready to start using my recommended lenders immediately. But you should plan on an average of a few months to build up over $100,000 in new business credit.

Dan Black asks -
Does one have to buy a shelf corporation to speed up the process since a new entity will have no credit initially? And are we applying directly to your recommended banks for the credit lines?

Tom says – you do not need a shelf corp. to build business credit. Most of them are over-priced. I can show you how to use a new business with no proven history to apply directly to my recommended lenders for business credit.

Curtis Mobley asks -   
I have a business line of credit but the lender keeps lowering the limit as the balance is paid.

Tom says – then you need 10 more of my business lines of credit so you are not dependant on just 1 lender. Curtis, there are thousands of business credit lenders I recommend if you will just take the time to ask for more business credit!

See you soon, Tom.

P.S. follow me at http://www.Twitter.com/thomaskish

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What constitutes a business?

A business is a vehicle through which anyone can conduct commerce. When the business entity has been legally registered with the federal government and the State in which it conducts its operations, it is often referred to as a corporation.

A corporation is a legal entity formed by individuals who own and operate it. It has its own legal rights, liabilities, and responsibilities that are separate from the owners’ legal responsibilities and liabilities.

That is why a corporation can get money in the form of business credit so easily, even if the person has problems in their past history.

A corporation is quite different from a sole proprietorship, where there is no legal separation and the owner is personally responsible for any activities conducted by the business. It is important for you to understand that there is no personal asset protection or personal credit protection for people who do business as sole proprietors.

If you have a sole proprietorship, you can only use your social security number on business forms. However, if you incorporate your company, you will be given an Employer Identification Number (EIN) that you can use in relation to your business. An EIN is a number that is provided to you, at no charge, by the IRS when you set up your business. It is used for reporting all federal tax information on a K-1 business tax return.

Why form a corporation?

Forming a corporation is the only way to separate personal credit and personal liability from business activity. With an incorporated company, the company itself, not the individual owners, assumes responsibility for its activities. In other words, an incorporated business has its own separate legal entity.

The corporation’s debts and taxes are separated from its owners, shareholders, officers, and directors. In this way, a corporation offers personal liability protection, as well as tax advantages, for the owners and operators. A corporation enables its owners to borrow money in the name of the company so that the loan is not reported on the owner’s personal credit while it is in normal use. This is a huge advantage to the owners of a company and protects personal credit.

This is why we help people use our programs to set up a business name and get business credit that can be used for anything.

Go to the site: http://www.CashNow2009.com/today

Thanks, Tom.

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Comment from Keith.

Keith Shamberger says…
Tom, your still the bomb. I still can’t believe you aren’t one of those “other” gurus who hide behind their computer.

I haven’t laughed this hard in a long time.  There aren’t to many speakers as candid as you. They never say what they truly mean. 

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Fill Your Tanks with Optimism!

This article is reprinted with permission from a friend of mine in Dallas that is a Realtor!

It really does a good job showing us that things are not that bad.

FROM THE DESK OF RON

During the holidays, my wife and I had the opportunity to take a “road trip” to St. Louis Mo.  While on the trip, we marveled at the bright prospects for our nation’s future.  After reading and seeing all the negative stories filled with doom and gloom we are exposed to every day in the newspapers, on television and the internet, it was refreshing to refill our tanks with optimism.

Along our drive, we saw building sites under construction, experienced new roads being built (lucky for me, that always seems to happen when Cindy is driving), passed retail stores with grand opening banners and visited new home subdivisions with families just setting up homes.  We saw an optimistic nation trying to make a better world for tomorrow despite the lagging economy, global warming debates and war fighting on two fronts.

America today is not unlike America of the past.  The Pilgrims, traveling across storm-tossed seas, founded America on optimism.  President Abraham Lincoln led our nation through a bloody civil war driven by optimism, knowing the United States would have a brighter future if all men were truly created equal and could enjoy the full citizenship of this great nation.  For hundreds of years immigrants with an optimistic view have risked everything to come to America for a better life.  Men and women of our military forces have fought and died around the world so America could be a place of opportunity for their fellow citizens.  Despite the gloomy news, the optimistic America still exists and I am thankful for that.

In St. Louis, Cindy and I had the chance to share a holiday meal with a co-worker and friend of our daughter.  Although we had not yet met, this young mother eagerly invited us for dinner.  Dawn wanted to share her family traditions and open her new home to us.  Without hesitation, we accepted her invitation.  Although she had never really tested her cooking skills for a large holiday meal before, I must say it was one of the best meals we have had in a very long time.  You see, she “spiced-up” the meal with the optimism we saw while traveling. 

Dawn is young, just really getting started on her career and has a nine year old daughter.  Despite her tiny size, she works a physically demanding job (think unloading 40 pound boxes from semi-trailer trucks) and is paid by the hour.  She works hard to instill the “right” values in her daughter and worries about paying the bills like everyone else.  But she is optimistic. 

Taking advantage of the first-time homebuyer’s tax credit program, Dawn just purchased her first home.  Before dinner, she excitedly gave us the cook’s tour of her modest 1960’s era, 3 bedroom, 1 bath home.  She explained her desires to repaint and remodel.  She told us about her future plans and the bright tomorrow she envisioned.  Her optimism, fueled by her sense of pride and desire for a better future for her daughter, led her to homeownership.  She purchased a home with a fixed-rate mortgage which she could afford on her present salary.  Dawn had taken the first step in a more secure, optimistic future.  Best of all, she no longer pays rent to a landlord. 

Dawn epitomizes America’s future and past to me.  Like our ancestors, she has faced adversity and struggled to make the best of her current circumstances.  She recognized the reality of her challenges and made decisions that can lead to a better tomorrow.  Dawn did not buy her “dream home” with a champagne mortgage and a beer budget.  She set realistic goals, studied her options, took advantage of the opportunities America has to offer and started the next chapter in her life.  Dawn is not paralyzed by a weak economy, unrealistic dreams, a modest budget or the lack of a “can do” spirit.  She is using her skills and optimism and seizing the moment.  Dawn is living the American dream.

Good luck, Ron.

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A Thanksgiving note

From the desk of Tom Kish.

I got up early this morning and felt totally out of sorts. I didn’t really have to get up but I am just conditioned as a dad to do it automatically.

And I didn’t have any work to do, other than looking at the betting lines for today’s games and races.

So I turned on some old Pat Green, grabbed my cup of tea and made a list of everything I am thankful for…

Of course I’m grateful for all the material possessions, a wicked cool house, money and all the great things that come along
with being a business owner and investor. That’s pretty much a
given.

And of course I’m thankful for all you amazing friends and clients that I’m lucky to have gotten to know over the last year. Believe me, the best part about my business is what you teach me through your experiences.

But I’m utterly blown away and most thankful when I see my son James sit up in bed and smile at me, ready for another day of adventure!

Happy Turkey Day, Tom.

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What is the best way to make money in real estate?

What is the best way to make money in real estate? Buy quality properties without using any of your own money!

I don’t mean that you should take over a lot of Junker houses using no money down techniques. Many of these techniques are simply gimmicks that make you the owner of an over-priced property that nobody else wants.

I mean use proven techniques to leverage business lines of credit to buy good property. If you are using unsecured lines of credit to get money, you can buy a lot more real estate than you can buy if you only used your own cash.

Seems like a no brainier to recommend that people buy 2 houses instead of one, but you will meet people that still believe that it’s a good idea to use ONLY their own cash buy real estate.

How much real estate could you invest in if you never needed to use your own money?

The rich get rich because they control more assets than we do. They buy 5 good investment properties to every 1 that we buy.

Everyone historically makes money in real estate – the rich just make a lot more because they own a lot more. And they buy all this real estate using lines of credit.

This is simply called using leverage not cash to invest in real estate. But the opposite of using leverage is to pay ALL cash for property and own it free and clear.

Why do some people still want to own real estate free and clear?

Because they believe that they are making more money if they borrow as little as possible to buy it.

But lets look at 2 examples to see which example makes more money.

Example 1.

Use $40,000 of your personal savings to buy a house with 20% down and get a mortgage for the rest.

You may cash flow $400 per month with this scenario.

And on this one house you will also be getting -

A. equity build up like a personal saving account as your tenants help you pay down the principal on the mortgage each month..
B. appreciation as the house goes up in value, which good real estate has always tended to do.
C. great tax deductions that will lower your personal tax bill in many cases.

Example 2.

Use a $80,000 new business line of credit instead of your own CASH and buy 2 houses.

You may cash flow $200 per house per month for a total cash flow of $400 a month.

And you are making money on TWO pieces of investment real estate instead of one.

Your also getting -

A. Double the equity build up.
B. Double the appreciation.
C. Double the tax deductions.

AND YOU NEVER USED A DOLLAR OF YOUR OWN CASH. The entire down payment came from an unsecured new business line of credit!
  

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Questions and Answers

Leanne  Mikka asks -
Tom, I have been approached by many companies telling they could build my credit – they want a pretty big upfront fee for that service – which they want me to fund with my personal credit… doesn’t that seem to fly in the face of what I’m trying to do!

Tom says – you always have to use some of your own money to start a business before you get your first business line of credit. Then your business can reimburse you when you get the business credit. Think about it. You need to personally pay the costs just to get your business name registered with the state because you don’t even have a business yet. Then when you are set up and get approved for the business lines of credit, your business pays you back for any costs you fronted to get started.

Paul Chou asks -
I already have a Duns number established and want to get corp. credit. I’m looking for seed money to get my business going. How much time frame do I have to get it going?

Tom says – most people have a few of the pieces in place for building business credit off their business image, but they usually have not done all the steps. You could be ready to start using my recommended lenders immediately. But you should plan on an average of a few months to build up over $100,000 in new business credit.

Dan Black asks -
Does one have to buy a shelf corporation to speed up the process since a new entity will have no credit initially? And are we applying directly to your recommended banks for the credit lines?

Tom says – you do not need a shelf corp. to build business credit. Most of them are over-priced. I can show you how to use a new business with no proven history to apply directly to my recommended lenders for business credit.

Curtis Mobley asks -   
I have a business line of credit but the lender keeps lowering the limit as the balance is paid.

Tom says – then you need 10 more of my business lines of credit so you are not dependant on just 1 lender. Curtis, there are thousands of business credit lenders I recommend if you will just take the time to ask for more business credit!

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Can you take a Tax Deduction on Business Credit?

If you have any hesitation about the value of enrolling in any of these business credit programs, just remember this…

You are all allowed to write off these kind of business expenses as a tax free deduction.

So you will immediately get about half of your investment back in tax refunds since all our various tax rates add up to about 50% of our income.

That is real money that every business owner get back when they take deductions for this kind of expense which the IRS calls professional development.

So this program is effectively half price to you after taxes.

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I woke up and wrote this song…

It’s early in the morning (during my golden hour) and I wanted to write something a little funny but with a relevant message. Kind of like a Jimmy Buffet song where he says he woke up in his hammock and wrote down a song!

So here is my little tune…

The guidelines are being changed for all advertisers next year and you may notice a change in the kind of testimonials you see on TV and websites, including ours.

The government wants to limit 2 things…

They don’t want people to get paid to endorse stuff unless it is disclosed. Like bloggers getting free stuff to write nice things about a product.

That makes sense to me, although it is kind of common sense that someone on a blog or on twitter that is recommending that you use their affiliate link to buy something is getting paid a commission.

But apparently now you will start to see twitter marking some pages with a saying like AD’s SPONSERED BY or something to that effect.

Fair enough.

And they also don’t want advertiser using specific claims of results from the use of products.

So they don’t want a successful client to say they lost 30 pounds using this machine or that program unless you say that some people that got the machine sat on their lazy behinds and lost no weight at all.

That makes no sense to me. And I thought freedom of speech allowed us to speak our minds?

Are we all so unable to take personal responsibility for our lack of actions? Do we really believe that it is someone else’s fault for the results we get or don’t get.

When we buy something we should know that there is no universal result. All results vary to some degree and by the amount of action taken!

Everyone should know by common sense that results are only based on action and consumers that don’t take action don’t get the results that the product or service offers.

But here is the kind of world I guess we live in now…

I actually heard a client call our office yesterday and complain because he didn’t have business credit yet. And when his file was pulled up it showed that the personal coach that he hired called him 3 times and emailed him 4 times in the last month with no reply back from him of any kind.

And this guy wanted to be rude to the phone person – until we read his file out loud to him. Then he had no response as to why he failed repeatedly to call his coach back.

He just kind of sat their stunned by the fact that we had these detailed records of his total lack of action and lack of any responsibility.

I don’t get it?

Now, I know everyone (including me) buys some stuff occasionally and never really uses it. In fact, I have a Malibu Palates machine sitting in my dining room that is a little dusty. (Don’t even ask me why it is in the dining room or where we eat dinner if we have stuff clogging up the dining room. What can I say, I like to eat out!)

But lets all get a grip and stop looking to the government to tell people that they can’t say something worked because that might lead people to believe it will work for them.

All our stuff works great, if people follow the directions. That’s like anything else in life where you get what you put into it. And we have normal return policies to protect any people that look our stuff over and change their minds.

So now you know why everyone will be changing the kind of testimonials that are used on TV and on websites.

We will be changing some of our success testimonials in the future too. We have hundreds of them to choose from that we get almost everyday from the nice people that are carefully following the instructions in our courses to get business credit.

The testimonial of the future will look more like general statements from people that say they like the course and they like me and they liked the results they got from applying what we taught them.

Thanks for indulging my take on success, Tom.

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