Fab Shop - Business

Independent Contracting
Use staffing agency

Service: to prevent rusting and water damage

AirBnB, Wholesale, Franchise

Storage, distribution, recycle
Event: dirt track / jumps

What are the demands in the area?
Metal, Steel

Motorsports, Repair Shop, Machine Shop, Custom Paint Job, Tire Shop, Tow, Fab [real estate AirBnB], commercial machinery, mega yacht repair, marine equipment, Architectural iron mod, aircraft repair and manufacturing, cruise ship service, restaurant equipment repair, farm equipment, silo tank providers, steel dairy equipment

To start up $10k - $50k

THIS IS WHAT I BELIEVE - AND I AM WILLING TO DIE FOR IT .

THE TRUTH IS CONSTANT.

YOU WERE CREATED TO REACH YOUR DESTINY .

YOU HAVE TO DRAW THE LINE.

THINK B4 YOU REACT.

YOU TRULY CANT FAIL IF YOU NEVER GIVE UP.

LEARN TO MANAGE YOUR MONEY.

A WEAK MENTALITY IS INSEDIOUS.

Produce products - racing harness, stickers, volvo parts, web site, Facebook fan page, [play the game to win], bash bars, cages, create content YouTube and Instagram,

Poor closure - start over
Trial and Error is gonna happen.

Separate business account from
Personal Account

Talk with a CPA and business attorney - for all your questions

Keep gov't name off assets. [Your 'name' is the LLC]
Generation wealth - LLC

Create Holding Company than an
Operating Company to back it up
[How much cash goes through holding company]
Put holding company in a living trust - why? - for protection

American Express Green Card - good credit - pay them and open more availability for business $

Register for taxes
2 tax forms for different businesses

Want partnerships? - create separate holding and operating company. Operating company represents myself. Xyz LLC x Cba LLC

Practice good corporate strategy - corporate law
Gotta be making money. No running money through accounts means nothing (through holding company)
Save money and defraying taxes

Escorps only if you looking to sell. [cheaper route]

Publish? Just pay. California

5 personal checking accounts setup, mange money til you have surplus, then go out and start making more money. Than you have money to invest in assets. Start business, high economic level, to have money to invest.

Increase Financial IQ - 4 parts:

1. Accounting, understanding financial statements

2. Investing, the science of money making money

3. Markets, supply and demand; technical and fundamental investments

4. The Law, understanding taxes or avoiding lawsuits

Be careful with liabilities, invest assets instead
Assets are things that put money in your pocket.

CARS ARE LIABILITIES NOT ASSETS.

Out earning your expenses by increasing your income stream; positive growth of net worth.

Build asset portfolio. Having a passive income from an asset is extremely beneficial.

Invest 25% of your savings into index fund.

Failure is a given, on the path of success.
Self development happens in our minds.
Read 2 books a month for education and not entertainment. The day you stop learning is the day you die. Books are a gateway to success.
Don't be afraid of hard work and taking risks.

Failure Is Not An Option.

Invest $300 a month + compounding
8 yrs on going.

The 'Pareto' Principle
The 80/20 Rule
Minority of the results come from a majority of input.

Giving, Spending, Saving
All is weak in one.

Sweet Chili Honey BBQ Sauce
Vinegar, chili peppers, cayenne, salt n pepa, garlic, honey, water, sriracha,

9plus10 Nightclub Bar - 21n older
'Dont drop your pocket'
Hot Nigga x 9+10=21meme; Anthem Remix

5guys and Popeyes

Charge 6% higher than purchase price - break even
$1m Mansion in LA: Rent $4500
Determines length of stay, down payment, location nd property taxes. Build equity, pay payments on time, fixed rate 30-year mortgage

Buy single-family homes or 2-4 unit buildings that will appeal to the type of person who doesn't want to live in an apartment.
Good credit, low income