The Power of Expanding Your Business Credit Profile with Herman Dolce - Episode 207
The Practical Wealth Show · Curtis May, Herman Dolce
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Show Notes
What is the secret behind building business credit? Why getting out of debt shouldn't be the first objective?
Herman Dolce joins Curtis to discuss credit repair and leveraging credit to gain more cash flow. Herman wanted more time freedom; thus, he left his 6-figure job to invest in himself and start his own business. Now, he is a financial literacy educator and the founder of Bella Sloan Enterprises.
In this episode, Herman and Curtis revolve their conversation around the proper debt, assets, and cash cycle. And, they tackle processes like setting up a legitimate LLC and why start primarily with credit unions. Herman believes that it is essential to first establish a sound relationship with banks in your community.
Listen to know how to be the "smart person" earning more money by utilizing credit.
Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com
Links and Resources from this Episode
- www.practicalwealthadvisors.com
- Email Curtis for a free report - [email protected]
- Call his office - 610-622-3121
- Connect with Herman Dolce
- Website
- 30-Day Mentorship with Herman
- Book - Start-Up: Inside Secrets on Building Your Business Credit Special Listener Gift
- Schedule a 15-Minute Call with Curtis
- Free Ebook Financial Planning Has Failed Show Notes
- Who is Herman Dolce? - 0:47
- Getting out of debt is not the first objective - 2:00
- Herman's background - 3:55
- How everything started: honing knowledge in business credit - 5:03
- Why is it important to get credit under your business name? - 9:14
- The two types of people in the business - 11:15
- Setting up a legitimate LLC - 12:17
- The new people - 15:50
- The big difference between smart people and people who use credit to show off - 19:00
- Leveraging credit scores to fund LLCs - 20:29
- Banks are not doing you a favor - 23:10
- The internal bank score: nothing beats having the credit - 25:20
- Start with credit unions first - 27:30
- Get in touch with Herman Dolce - 35:25
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