Can You Credit Stack in a Recession?
What plans do you have for a "worst-case scenario" in your life?
A word that seems to be on everyone's mind is "recession" and whether or not it's coming or happening.
I was recently a guest on David Meltzer's show "The Playbook". We discussed the looming recession and what a good strategy looks like, among other things.
If you don't know who David Meltzer is, he's CEO of the renowned Leigh Steinberg Sports & Entertainment agency. That agency is what inspired the movie, “Jerry Maguire.”
Talking with David brought some seriously great validation as he spoke about the Credit Stacking program. Such high praise! But I'll get to that in a second.
Some of the best preparation you can do for an inevitable recession is to invest in yourself through a beneficial education.
I'm going to suggest Credit Stacking as something for you to invest in, and I promise to have an unbiased, recession-focused perspective as to why.
Can Credit Stacking Prepare You for the Recession?
As I mentioned, the best way to prepare for a recession is to set yourself up for success.
I went from having zero dollars in business credit to being approved for $500,000 in a little more than a year because I studied. I did my research, called and interviewed the underwriters at the different banks, and studied the different policies to better understand the business credit system.
How Credit Stacking Will Prepare You for a Recession?
When we were talking about the Credit Stacking course, David said:
"This is exactly what I'm training people to do for the recession.
The more liquid you are, the more capital you have...you can buy things 100 times off, there are deals and bargains and bargains that exist.
If you have leverage, and capital, holy-lamoley, that '$200-thousands' turns into 2 million real fast, and for zero percent interest."
Credit stacking is about building up or "stacking" credit for your business. This allows a borrower greater access to larger lines of credit.
To explain this in a real-world example, if you're a business owner or an aspiring business owner who owns a video ad agency, you would pay out of pocket for all of your equipment.
Through Credit Stacking, you can get a high spending limit because of your higher credit line. You can use that higher line to purchase all the equipment for your agency and then use the revenue you make to pay off your debts or build up other aspects of your business.
I know "debt" seems like a scary word but it really can work to your benefit.
Now that you have a high spending limit and you're using your card to build your business, you can also cash in on points.
I've done all the work for you! You just need to sign up and learn.
Credit Stacking teaches you how to make money by building your credit. So whether or not you have an income during a recession, you are able to build your business from nothing to booming without the major hustle.
Take it from me or from David Meltzer, Credit Stacking is recession-proof!