Using Credit Cards To Help You Multiply Your Assets
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- čas přidán 11. 09. 2024
- Hoan say what?!
That's right! You can USE CREDIT CARDS to get rich and multiply those assets! That might sound crazy, but trust me! In this video I will explain the ins and the outs of how to use credit cards to get rich and get as many assets as you want.
If this ins't enough for you and you want to take it a step further, head to hoanzone.com and there you will find all you need and more!
LET'S MULTIPLY!
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Dave's opinion is Dave's opinion! Credit cards are indeed dangerous! - if you don't know what you're doing!!!
He got hurt, he got injured… 🤕🤣
Thanks very much for the information! Found the video interesting.
This video is dope. Great job.
Thank you very much for breaking this down. Life changing advice right here! Take notes
I appreciate you watching and learning
My credit limit is 30k but I only use under 3k of that.
Lack of crucial details like, how do you balance transfer from credit card to checking and getting 0% interest on existing cards.
When one get a new card there is often a promo of 18 months without interest.
Great information amazing
I believe its explained easy enough for my daughter to understand. 😂❤I'll find out. Thanks
That's important because she'll be building wealth before you know it
How do you get promotional 0 percent interest without having to get new cards?
That's a lot of cards to use if you want to buy Rental facility to rent Out to Renters.
How do you do a balance transfer to your checking account? Wouldn’t it be a cash advance!!???
I have same question. They charge a lot for that . Please explain
So I do a balance transfer into my bank account directly. Technically different (name wise) than a cash advance, so I save massively on the fees. I usually have to pay 3% as a fee but get zero % interest for 18 months when I do it that way. My net cost was like if I took out a 2.65% interest loan. Good catch, but as I mentioned make sure you do a “balance transfer” and not a “cash advance”. Talk to your credit card company and ask. It’s literally what I do.
Same question I had
I always take promotional offer advantage. It only charges me 3% to transfer to my checking account. I transfer $5000 to my checking account and invest that into Bitcoin or Index funds, I have 0% interest for a year. I pay them $5150 in lump sump before promotional period l end and keep my Crypto or Stock profit. I still make minimum payment though! Used their money to make money and paid their money back. Only thing you need to keep in mind is, to maintain good credit score, and utilize only under 15%. That’s just me being more conscious. And you must not forget to pay it back in time.
Some credit cards issue what are known as convenience checks. Instead of the credit card company doing the transfer for you, you can request these convenience checks which allows you to pay the creditors yourself. Instead of making the checks out to your creditors, make it out to yourself and deposit the check into your personal bank account. It's technically a balance transfer, so 0% interest.
No closed caption
Credit cards to buy property is the most ridiculous thing I've ever heard! Playing the lottery makes more sense!! If it's other people's money then it's other people's money!!
Buying property with "other people's money" is how it is normally done. Very few people pay all cash for property.
Explain please
It sounds like you'd have to have the card for a couple of years before the card could actually b. And any use to you. What kind of assets could I possibly buy on a starting card of five hundred. To build wealth. As i build up the cards cap. ???
Stocks?
What about the down payment for the propertie?
What down payment?
@The Grumpy Horticulturist it was a joke since here in America where I invest I don’t put down payments down when buying properties. I will use the credit cards to pay for the entire property. I may use credit cards in combination with seller finance or subject to to really supercharge my acquisitions.
You can actually do that? On what conditions?
@@isata88 you can buy properties using "all cash" and just have the money come from lines of credit and credit cards. If you've transferred all the money into your bank account from the cards it's now cash and you can do anything you want with it including buying properties
@@HoanZoneso you get cash advances and use those as a down payment?
Way deeper into debt trap
Who hurt you?😂
INTERESTING
Yup