The Legal Trap , LLC

A C Corp is another legal entity that protects the owners’ personal assets from liability. 💪🏾⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The C Corp’s ability to offer stock options is one of the biggest advantages to this type of entity. This allows a business to sell smaller pieces of equity in the company to increase cash flow and growth opportunities. This is used by venture capitalists & other investors. 💵 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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A disadvantage for the C Corp is the fact that it gets taxed at a corporate level, which means it is subject to “double taxation”. 🧾⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What are your thoughts on a C Corp vs. other types of business structure & what has been best for you? 👇

He said it, not us.. 😂💯🔥

Why You Should Form Your LLC Now!! DISCLAIMER: THIS IS NOT LEGAL ADVICE. JUST MY EXPERIENCE. ✅ Everyday my company gets the question "should I LLC my business??" 🤔 Well I am here today to answ...

Ever wonder why the rich get richer? 💵 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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They maintain ownership in these 3 asset classes! 👀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Businesses are a source of revenue producing income that you can hopefully scale and make passive. 🤝⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The stock market is a way to bet on the health of the economy. Play it right & this can be the most passive money maker you have! 📈⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Real Estate is the ultimate ownership stake in the US. There’s nothing like owning land & the possibilities are endless at the ways you can create income from real estate. 🏘⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Drop a comment below & tell us what type is assets you’re investing and let’s spread the wealth! 💰👇

Don’t get it twisted folks! 🌪

The most impactful way to fight generations of systemic oppression is to begin living by the same financial rules of those who have done the oppressing! 💪🏾

we must own the business we spend the dollar in, own the land in which we live, and own the freedoms in which we deserve! ✊🏾♥️

🔥 OWNERSHIP = FREEDOM 🔥

🤝 Let’s do this together by liking, commenting, & sharing this post if you agree! ✊🏾⬇️

This game not much different than any other one. Get your capital upfront, make a solid investment, & pay it back with some on top. 💯

Hard money loans usually require 15%-20% of the entire real estate project (acquisition + rehab) and have anywhere to 1-2 years to pay back the loan with very HIGH interest rates. Short-term loan! 🏦🏚🏡

Once your project is complete, investors usually use proceeds from the sale of the home or refinance the property to pull money out for the repayment. 🏠 💵

Either way, hard money loans are a great way to get into the real estate game if you have a good deal & makes using the BRRRR strategy super easy! 👌🏽

🙅🏾There is absolutely no reason to not be getting to a dollar in today’s economy! 💵

This is just one example of how you can create an income stream directly from digital marketing! 🌐

Not saying that this would be easy, just saying it can be done. ✅

Grow your IG. Provide a digital product that can provide your audience some infoghtful value. Create an online commerce platform and learn to market your valuable product! 💯

👇🏾Comment below some more ways to use your digital platform to create additional income streams!👇🏾

🔖 SAVE THIS POST & ALWAYS HAVE A STRATEGY TO GET TO A DOLLAR! 🎯

🗣 ANOTHER NEW BUSINESS OWNER ALERT:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Congratulations to our client Sharif on taking the necessary steps to officially create his real estate business!
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Utilizing our “LLC Starter Pack“, he acquired his LLC, business bank account, business email and and secured an opportunity to create a generational wealth asset for his future.⠀⠀⠀⠀⠀⠀⠀⠀
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We were so happy to be apart of the process. 😁⁣

Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲⁣
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Legacy is more than the money you leave behind when you pass away. It’s the culture, the lessons, and the overall abundance of wealth you have left your family. 🧠 💵 📚

If you’re future legacy is important to you, remember to plan for tomorrow, not just today. The decisions we make today will be the reasons our grandchildren prosper or struggle, choose wisely. 🤔

LIKE, SHARE, & COMMENT THIS POST TO INCREASE THE AWARENESS AROUND THE INPORTANCE OF LEAVING LASTING LEGACIES IN OUR COMMUNITY! ✊🏾🖤

Are you looking to officially LLC your business but don’t know exactly how to do it? 🤔

Well here’s a step-by-step list of how to do it! Although some states are uniques in the process a bit, generally though this is the case in most states across the U.S.

1. Pick a name for your LLC. You will utilize your state’s business name search database to verify the name you have chosen isn’t already in use.

2. Appoint a registered agent. A registered agent is the individual responsible for receiving documentation on behalf of the business.

3. File a Certificate of Organization. Sometimes also called an Articles of Incorporation, this is the officially document registering your business as a LLC with your state of residence.

4. Prepare an operating agreement. This is the document written out & kept between members of the LLC outlining the rules & how the business will be ran.

5. Apply for your EIN. Obtain you Employer Identification Number from irs.gov

6. Make sure you obtain any local licenses or registrations necessary for your business to be in full compliance as well. make sure to do your homework!

And there it is, now you have legitimately started your own business! Hopefully this helps you on your way to financial freedom! 💵

Be sure to like and save this post so you always know how to make your next LLC! ❤️🔖

🗣 ANOTHER NEW BUSINESS OWNER ALERT:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Congratulations to our client Christopher () on taking the steps to officially create his mental awareness business!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Utilizing our “LLC Starter Pack“, he acquired a LLC, business bank account (multiple cash bonuses), business emails, and a PayPal business account for their lifestyle wellness company!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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He was already working really hard with his brand & now they have officially started their wellness brand and the possibilities are limitless! We were so happy to be apart of this process. 😁
Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲

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Back to business! 💪🏾⁣
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We breaking generational curses & creating generational wealth on this side. 💵⁣
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We have to climb the econimic ladder together as a culture, let’s get to it! 💯

How could an extra $5K help your business or help you personally on your entrepreneurial endeavors? 🤔 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Let us know the how the what & why behind your responses in the comments below! 👇🏽

🗣 ANOTHER NEW BUSINESS OWNER ALERT:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Congratulations to our client Teena & Jason () on taking their first steps in scaling their business!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Utilizing our “LLC Starter Pack“, Teena & Jason acquired a LLC, business bank account (multiple cash bonuses), business emails, and a PayPal business account for their lifestyle wellness company!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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They have officially started their wellness brand and the possibilities are limitless for this couple! Teena and Jason have created an asset they will be able to grow, nurture, and pass down to their future generations! We were so happy to be apart of this process. 😊 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲⠀⠀⠀⠀⠀⠀⠀⠀⠀
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👉🏽 LLC’s⠀⠀⠀⠀⠀⠀⠀⠀⠀
👉🏽 Business Credit⠀⠀⠀⠀⠀⠀⠀⠀⠀
👉🏽 Investing Opportunities⠀⠀⠀⠀⠀⠀⠀⠀⠀
👉🏽 Start🆙 Business Consulting ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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🗣 CASH IS KING!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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How many of your investments can you quickly turn into cash? 💵 ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Not every asset is liquid, but it is always good to keep a decent amount of easily cash convertible investments in case you run into a financial emergency! 🔥⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Drop a 💵 below if you understand the importance of having liquid assets! 👍🏽

🗣 ATTENTION ALL:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The Legal Trap Team would like to thank EVERYONE who participated in our Mother’s Day Giveaway!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The 🔱 WINNER 🔱 of our Mothers Day Giveaway is 🥳 CONGRATS! 🎉⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Words cannot express how much we appreciate everyone who supports our causes and are sticking with us as we continue to help the community make progress towards financial empowerment! 💯⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Our DMs are open to all questions you may have, don’t hesitate to ask. Stay tuned for future giveaways!⠀⠀⠀⠀⠀⠀⠀⠀⠀
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What’s next for Father’s Day? 👀🤷🏽‍♂️...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲

Salutations to all our Legal Trappers!

THE TIME IS NOW! ✅

We are excited to announce The Legal Trap Team will be helping contribute to one lucky mom’s Mother’s Day celebration this weekend! (or after shutdown 😉)

Enter in today to win a $100 gift card for a spa day on us! 🧖‍♀️

☘️ One Lucky Follower ☘️

A Few Simple Rules To Enter:
1️⃣ Like This Post
2️⃣ Must Be Following
3️⃣ Tag (3) Friends On This Post
4️⃣ Follow Legal Trap Co-Founders .edwards & ON INSTAGRAM!

Disclaimer: NO PURCHASE NECESSARY. VOID WHERE PROHIBITED BY LAW. This giveaway will start 5/8/20 at 1:45pm EST and will end on 5/10/20

We acknowledge that this promotion is in no way sponsored, endorsed, administrated, or associated with Instagram.

By entering you are confirming that you are indeed 18+ years of age, release the hosts and Instagram of any and all responsibility, and you are adhering to Instagram's terms of use. Contest open to US Residents Only.

🗣 ANOTHER BUSINESS OWNER ALERT:

Congratulations to our client Paythea on taking the first step in creating her business.
Utilizing our “LLC Starter Pack“, Paythea acquired a LLC, business bank account (multiple cash bonuses), business emails, and a PayPal business account.
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Paythea has officially started her Janitorial Services “Heavenly Rae Cleaning Co”. She is now ready to grow her great business, using tools from our “Intro to Business Credit” package and really be on the fast track to sending her great grandchildren to college already! 💅🏾 🤑
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Even if you have already started your business we can help you take things to the next level! From creating your LLC, to marketing packages, to starting lines of credit, helping you create more ownership and long-term wealth is the endgame for everyone here on The Trap Team. Change the direction of your family tree and INVEST IN YOURSELF today! 💪🏾📈🏚🏦💯
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$75 cash bonus just for starting your own business bank account! Don’t sleep on free money, let’s start legally trappin’ today!
LINK IN THE BIO.
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YOU HAVE TO LEARN WHAT TO DO WITH THE MONEY BEFORE YOU ACTUALLY GET IT. 🧠
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Absorb the information first, apply the principles next! ✔︎
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Let’s talk about some good books and podcasts in the comments to start! GO!🚦

Change the mindset, change the pattern. 🧠
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Which one are you?

In light of those stimulus checks officially being on the way, we wanted to drop a few ways you can invest that money to make MORE money! 💵

LIKE & COMMENT “FREE MONEY” ON THIS POST IF YOU KNOW YOU WON’T FUMBLE THIS ONE! 🤝

In case you didn’t know, stocks have been down for the last month! If you don’t know how to put your extra dollars into some stocks, this is your first step! 🧠

Most brokerage accounts are free to open at investment firms like Vanguard, Fidelity, TD Ameriprise, etc. 📈

If you don’t have a brokerage account, GET ONE TODAY. You can own a percentage of the biggest companies in the world for a couple hundreds bucks. 💵

DON’T SLEEP ON ANOTHER OPPORTUNITY TO OWN SOMETHING! 💯

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Legal Trap Co-Founder, Ralph Jarvis hosts a live webinar directly from Instagram live during the Coronavirus quarantine shutdown. This episode centers on managing financially while going through the unpredictability of the global pandemic. The show features financial advisor Darrien Gaines & Philadelphia community activist Mabari Byrd. The trio touch on topics ranging from stock market volatility to covering financial literacy with your children while homeschooling your children. This was an awesome conversation containing many gems and insight to navigating these unprecedented times! If you like what you see we ask that you show us some love and like and subscribe, and comment too! 📺

PLEASE SHARE THIS CRITICAL INFORMATION WITH OUR CULTURE! LET’S BEGIN TO CHANGE THE NARRATIVE.. 📚💵🏦💯

https://youtu.be/yGZKGGGexME

“Surviving The Shutdown” Financial Management Live IG Webinar Legal Trap Co-Founder, Ralph Jarvis hosts a live webinar directly from Instagram live during the Coronavirus quarantine shutdown. This episode centers on man...

Tell a friend to tell a friend.. 🗣

Trying to push through the shutdown struggle?

Tune into to see how fellow entrepreneurs and industry workers are making the best of the situation! 💯

TONIGHT @ 8pm ET ON LIVE INSTAGRAM! 📲👀

What are your thoughts on a “Recession-Proofing” live finance webinar this week?

THE TRAPLETTER 📰
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Your weekly source for updates on what’s going on in OUR community! Stay on game, stay in “the know”. Don’t let opportunity pass you by because you weren’t informed. 📚 ・
Let us know what you think in the comments section or if you want to see something specific in the next edition. 🤝
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On this week's edition of our Small Business Spotlight, we caught up with Antoine Lloyd, founder of the Philadelphia-based fitness brand "Baddie's Bootcamp". This edition was particularly interesting and motivating to hear Antoine's story describing his multiple life paths, what it takes to overcome setbacks, and how training helped him battle depression. 🏋🏾‍♂️

Antoine has successfully transitioned from a professional basketball player, to serving in the US Army, to now exploding onto the fitness scene fueled by his female-empowerment themed brand of lifestyle coaching. With so many gems to give about such important topics, you can probably imagine how excited we were to catch up with him and hear all about his journey and what he has in store next! 💪🏾

CHECK OUT THE FULL FEATURE AT

www.thelegaltrapllc.com/blog 🌐

2020 is shaping up to be one hell of a ride so far people. Lets take this time to set up and secure the Trap for our future! 🏚🏠

SET YOUR GOALS AND LOCK IN! 🔒

Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲

Owning these are the 🔑! Appreciating assets are literally the building blocks to creating generational wealth. As a culture we get so consumed by purchasing materialistic items (clothes, sneakers, electronics) and assets which rapidly depreciate (cars, electronics again), that we don’t realize those are the exact things that drown us in bad debt!
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The more good assets we have the more income we can generate. But we also have to educate ourselves to be able to distinguish the difference between appreciation and depreciation.
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲
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👉🏽 Business Plans
👉🏽 LLC’s
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting
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Today our Co-Founder, Shydera Edwards, had the opportunity to speak with a group of motivated individuals at a First Time Homeowner Seminar.
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The topic of discussion was “Assets”, and specifically, what asset they will buy with their tax return. We love this topic because many of our people tend to buy items that rapidly depreciate, rather than an asset that can generate them more income! Everyone soaked up the game that Shydera gave today and a few inspired trappers even acted on it right away.
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Specifically, one king (& new Legal Trapper, ) at the seminar took his first step with his business and purchased our “LLC Starter Package” without hesitation after hearing about the benefits LLC’s can provide! Congrats to this action taker, it’s only 🆙 from here! 💪🏾
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We look forward to being able to provide more narrative around this important topic and hopefully be apart of the process for the next great business idea!
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲
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👉🏽 LLC’s
👉🏽 Business Credit
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting
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We’ve been fighting for our freedom for 400+ years! The chains ⛓ have just turned into all the financial burdens we experience today in our everyday life.

Financial freedom is the key 🔑

It’s important to understand the goal: Make enough good decisions so you don’t have to rely on anyone to support you and so that you can do what you want without having to worry about the price.

How do you do this you ask? Have multiple streams of income coming in & make money even while you sleep! 😴

How do you get multiple streams of income you ask?

Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲

👉🏽 LLC’s
👉🏽 Business Credit
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting
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Business credit can be the difference between obtaining the resources necessary for the success of your business or failing because you don’t have the capital to scale.

Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲

👉🏽 LLC’s
👉🏽 Business Credit
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting

Since we been talking about assets for the last few posts, why not dive a little deeper?

There are different types of assets that you can possess that hold value. There are tangible assets that are basically physical and can be touched or seen. Then you have intangible assets which are the assets which present value, BUT cannot be touched or held, like your company’s logo or patent.
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In the tangible assets column you also have “current assets” and “fixed assets”. Current assets are ones that can be easily converted into money/cash. Fixed assets are more long-term assets that have value, but would be hard to quickly turn into cash.
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The point here is, OBTAIN AS MANY ASSETS AS YOU CAN! There are enough assets for all of us, so why not go own a few? Get your trap on people.
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲
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👉🏽 Business Plans
👉🏽 LLC’s
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting
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🗣 NEW BUSINESS OWNER ALERT!!
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Congratulations to another one of our clients, Chynna () on starting her interior decorating business! Also on cashing out by opening up her new business bank accounts ($75 cash bonus) upon arrival 🏦🤑
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Chynna has official taken the next steps with her business by getting her LLC and we are excited to follow her interior decorating journey! The Interior decoration role has exploded onto the scene lately as we’ve also seen the recent rise of real estate investing within our community. With her eye for design, she is well on her way to success as an entrepreneur. Yet another W for the culture engineered by The Legal Trap 💪🏾
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Click the LINK IN THE BIO to schedule your free consultation to learn more today! 📲
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👉🏽 LLC’s
👉🏽 Business Credit
👉🏽 Investing Opportunities
👉🏽 Start🆙 Business Consulting
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Appreciation is probably the most important concept we should understand as a culture. Simply put, we need our prices to go up, not down. And if we OWN the business instead of slaving FOR the business that makes more dollars, which just always makes more sense.
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Point blank, the objective is to resist the urge to buy “depreciating” items like the newest cars & electronics, high-end fashion, & illegal endeavors, INSTEAD focus on the items that go 🆙 like real estate, stocks, art, etc. This way we guarantee what we buy today will only make our family’s price go up when our children inherit it!! 💯 Look out for your family tree.. 🌳
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“If you make a habit of buying things you do not need, you will soon be selling the things you do.” — Filipino Proverb
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