An important part of our economic history is how we slowly moved away from the gold standard until 1971 when President Nixon annouced that the US would no longer redeem US currency for gold.
If you’re not familiar with how gold was once linked to the dollar, I recommend checking out this short video which will explain all:
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I’m still surprised when talking to people how little some people know about how the money they use on a daily basis.
These are all important things you should be familiar with.
I recommend you spend the next 10 minutes watching this documentary on the Federal Reserve featuring Congressman Ron Paul. It will provide you with some interesting things about the Fed which you probably didn’t know:
Posted in Debt, Interviews, Resources | Tagged federal reserve, ron paul | Leave a Comment »
I recently received some great news from my friend, Tony Shap, CEO of PaymentMax.com, which I have to share with you! Good news like this doesn’t appear very often.
But remember, if you are looking for small business lines of credit, look no further than my Millionaire Credit Coaching program at www.CreditLineMillionaire.com to get the credit you need to grow your small business!
As you may know by now, President Barack Obama announced yesterday new federal government measures to help loosen credit for small businesses. You can read the text of his announcement here.
You can also read news reports on the measures from the New York Times, the Associated Press, Business Week, the Los Angeles Times, and the Wall Street Journal.
We hope you will all pay close attention to how and how quickly these measures are actually implemented.
Governor’s Office of Planning & Research
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Tony Shap is the CEO of PaymentMax, a credit card processing company and thought he knew all there was to know about credit. When he had difficultly getting the lines of credit he needed, he came to me for my help. Together, I helped him obtain $500,000 in business lines of credit in order to help grow his business.
Listen to what Tony has to say about my Millionaire Credit Coaching program, and then why not head over to take a look for yourself: http://www.creditlineexpert.com
Posted in Credit Cards, Credit Lines, Testimonial | Tagged business lines of credit, credit, credit line millionaire, millio | Leave a Comment »
If you missed my recent webinar with John Keller of Ox Publishing then you missed a treat!
However… lucky for you we recorded the webinar so you too could pick up the credit boosting tips we covered during the call! Ken is a member of my Power Team, so you can guarantee that what he has to say during this call is not to be missed.
After watching the video, head to:
http://www.creditlinemillionaire.com/creditboost
For more of my credit tips, head to CreditlineExpert.com
Posted in Credit Lines, Webinars | Tagged credit score, personal credit | Leave a Comment »
Dear Colleagues and Friends,
It is with great honor I am writing you! For the past year I have been a part of the making of a reality TV show called ReMake MY Life. As the credit/finance mentor I have been working with 30+ women as part of a team in the intention of their life transformation. The TV Show is Publicly Hosting with AEG an event for the Weingart homeless shelter – the largest shelter on the west coast on Sunday Nov 15th at the Club Nokia in LA!
At this event you will be joined by over 300 business leaders, CEO Space, movie stars, well known comedians, entertainers and much more. The press will be there also to cover the event not to mention all sponsorships are tax deductible. This will be the first time the show will be exposed publicly. You have the opportunity to participate in this event as an attendee or as a sponsor which will provide exposure for your businesses and services.
We have been filming the entire season and I am pleased to say it has been a great success! Reserve your seats now as VIP seating is limited!
For more information and questions about sponsorship please contact Lorraine Francis at Lorraine@Cadizdesignstudio.com or 949.922.0591
I look forward to seeing you there and have a blessed day,
Chris Wise
www.creditlinemillionaire.com
Posted in Interviews, Press Release, ReMake MY Life, Speaking Events | Leave a Comment »
Press Release: October 20, 2009. Denver, CO.
Chris Wise, Founder of CreditlineMillionaire.com, has introduced a new online video course to show you how to access small business financing through business lines of credit. This revolutionary video course will show you the secrets of how to generate capital to expand business, to gain access to unsecured business credit, or how to first establish business credit.
Chris Wise’s Cash Plan Video Course contains invaluable secrets for how to access up to $100,000 in cash over and over again, which you can leverage in your business to grow your wealth and success. This course makes it easy for you to access usable funds even in a recession, and includes tips on how to expand your business credit lines. This process has been worked out in great detail through years of experience, and will tell you exactly what the banks need to hear from you to give you an unsecured small business loan, and allow you to access capital to expand business, so that you can make your business vision a reality.
The Chris Wise Credit Line Millionaire Cash Plan Video Course will show you the tools of success you can access even if you have no business credit history, or if you’ve never owned a business before. There are secrets that the money brokers have known for a long time, and have been the reason why they can make thousands of dollars off of every transaction, without needing a specialized education. This knowledge can be yours through this limited time offer. Financing expansion of small business enterprises has never been easier or more accessible.
The Cash Plan Video Course @ CreditlineExpert.com
This informative, comprehensive course is set out in three modules, and offers several bonus features. The course will cover how you can set your framework for credit success, to allow you access to $100,000 or more in capital that you can leverage in your particular business, how to position your personal credit system, how to position your business credit system, and how to leverage other people’s credit. You will also learn valuable bank interview skills, how to invest wisely by creating the right mindset, and the number one bank to stay away from so you don’t waste your valuable time and energy. It also contains a personal planner checklist, which is based on the system banks use every single day to determine credit-worthiness, so you can be extremely well prepared before you meet with them.
This exciting new course can literally save you thousands of dollars in money broker fees, and contains secrets they don’t want you to know. Typically, the materials alone for this course would cost hundreds of dollars. Having one-on-one personal coaching to guide you through how to use this material would cost thousands. But for a limited time, while the recession is on, the Cash Plan Video Course is being offered for the incredibly low price of only $19.85. This offer comes guaranteed by a three-month money back refund, if you are not 100% satisfied with the material. You can achieve breakthrough success in your business with this proven knowledge.
Chris Wise, the founder of CreditlineMillionaire.com specializes in teaching business owners how to access small business financing through business lines of credit. For more information, please visit: www.CreditLineExpert.com
Posted in Credit Lines, Debt, Press Release, Resources | Leave a Comment »
Many people ask me about Passive Income. What is it? Where can they find it? But why all the interest in this topic at the moment? Well, people are looking for passive income opportunities right now; either they’ve lost their job, or are looking for additional avenues of income, perhaps their business has slowed, so they are looking for additional new ways to bring in revenues.
The term ‘passive income’ has become more popular since Robert Kiyosaki’s “Rich Dad, Poor Dad” was first published. However, this technique to make money has been known by wealth builders forever!
Quite often, the same people looking for passive income are the same people looking to get out of debt. However, unfortunately the two concepts don’t work so well together. Here’s why…. The focus of getting out of debt (paying off mortgage, paying off your auto loan etc) is to clear your outstanding debt by whatever means necessary.
When you focus on getting out of debt, you are not focused on making more money! This is where the two concepts clash. The primary concept of passive income is to MAKE MORE MONEY, either through creating residual income or starting a business for example. If you’re looking to create passive income, do not focus on getting out of debt…. that will take care of itself!
Although paying off all your debt (mortgage, car, credit card) obviously has the positive effect that you can’t then hurt your credit score with missed repayments, in actual fact, the lack of any credit on your credit report will actually have a negative impact. (I do recommend keeping your credit card debt under 30%) You want to have these items on your credit report as this helps strengthen your score. People will look for these types of account when looking to extend or grant you credit lines.
It’s all about getting into the right mindset. People are stuck in-between what I like to call a consumer mindset versus a wealth builder mindset. The wealth builder mindset is about creating passive income. The consumer mindset is about the 9-5 job, security, getting out of debt… all the things that you think give you financial freedom, but are just really disguised as security, not real freedom. Hopefully this will give you some clarity over which side you want to move to.
Getting out of debt will not help you get more money, as you won’t have anything to leverage in order to get more money or grow your business.
You also need to look at the time value of money. Paying down your house is not going to help you create passive income. You may have seen some of the mortgage accelerator products on the market, which promise to show you how to pay off your 30 year mortgage in 7 years. First off, the number of people that actually do that is less than 0.01%! One of the reasons for this low rate is that you actually need to pay more each month out of your pocket to get the mortgage paid off within the 7 year period. They use fancy math to make it seem as though you don’t, but in actual fact you are paying more each month. Even with the lesser amount of interest to be paid, you’ve got to have extra money going towards it.
So, you’re giving up money that you have immediately available, but remember, that’s the wrong mindset to have! You could put that money towards passive income, your business, or growing your passion. Focusing on getting out of debt keeps you poor longer!
So, you have a 30 year fixed rate mortgage. If you pay this off using one of the 7 year accelerator plans (and remember, less than 0.01% of people who buy these accelerator plans actually follow through and achieve paying off your mortgage in 7 years!!!), then you’re doing two things:
So now you’re saving 5% a year. But, the important thing to consider is that you’re giving up extra income in order to pay down this mortgage more quickly. Instead of saving 5% you could be making 20%, 30% 40%, even 100+%. When looking at passive income, it’s not even worth your time to think about one that would give less than a 10% return! For example, if you’re looking at starting a network marketing company, starting in real estate etc… these things earn a LOT more than 10%! There are investments out there that earn a lot more – you can be trained on how and where to find these opportunities!
So you’re LOSING money!
Let’s look at an example… On 1st August 2009 you take out a $100,000, 30 year, 5% fixed mortgage. Interest payments will be $536.82 per month. Pay just this amount and you’ll have your mortgage paid off 30 years later after paying approx $93,000 in interest over the period.
In order to pay this off within 7 years, you will need to increase your monthly payments to $1,400. This will reduce the total amount of interest you will have paid over the term to just below $19,000.
Realistically though, how many people can afford to MORE THAN DOUBLE their mortgage payment? The answer based on statistics of people choosing this 7 year accelerator option is less than 0.01%!
Even if you can… there are better ways to use this money… yes, you’ve guessed it: PASSIVE INCOME OPPORTUNITIES!
For example, even taking a conservative return of 20% (and believe me, in the passive income world, 20% is VERY conservative!) on the investment, let’s assume you are able to afford the $1,400 per month in the example above. You keep your mortgage payments at $536.82 per month. You would then invest the excess payment of $863.18 into a passive income opportunity at a return of 20%.
Over a period of 30 years, investing an annual total of $10,358.16 ($863.18 per month) at a 20% return… your investment is worth just shy of $9 million* after the same 30 year period!
If you just extend the calculation to 7 years… your monthly investment of $863.18 is now worth $173,750 after 7 years. This far outweighs the $74,000 you would saved in interest payments if you’d have adopted the consumer mindset.
(*includes 3.1% inflation, 15% tax rate)
Credit Line Expert
As you can see by that example, you’re losing money to create that extra security. If you’re looking to create extra money, focusing on paying off debt is NOT the way to do it! You need to put your focus on my two key principles:
The absolute best place that you can invest your money that never goes wrong is to invest into yourself. Invest it into your passions!
This is Chris Wise, ushering you into your new wealth building mindset. For more information on this subject, I am offering you a FREE copy of my eBook “Creating Wealth” (RRP $19.99). To download this, click here.
To learn more about generating passive income investments, please visit CreditLineExpert.com.
Posted in Credit Lines, Debt | Tagged passive income | Leave a Comment »
…chances are, your answer to this question is probably “Yes”. Managing your credit is in some ways like a balance beam; or in this case a log. If you step one way you might fall off, but if you focus on the line, managing and growing your credit, you could balance and make it across successfully.
There are three main keys to managing and improving your credit rating:
Follow these steps and you’ll be on the right path to managing your credit and not falling off!
Watch my video below for more information:
Posted in Credit Lines, Debt | Tagged credit rating, credit score, fico score | Leave a Comment »
Joel Bauer
I recently returned from a trip to Tampa, Florida. During my trip I went to a number of networking events in the area, including The Speaker Makeover and The Winners Circle where I got to connect with a number of truly inspirational people. Not only do you make some invaluable connections at these events, but you also learn so much which you can take away and use in the real world!
If you want to reach your goals in business, tapping into the power of networking will help you achieve these goals a LOT faster. It really is all about making those high level connections.
Robert Shemin
There are a number of easy ways you find networking events near you… many can simply be foundwith a quick web search… but there are plenty of sites dedicated to this aim. I find Meetup.com to be a great resource, and I have my own networking group that periodically meets in the Denver area: http://www.meetup.com/chriswise/
Don’t underestimate the Power of Networking!
Posted in Leaders, Speaking Events | Tagged networking | Leave a Comment »
