How To Leverage Credit To Build Wealth

Do you want to know how to leverage credit to build wealth? In this video, I'll describe the difference between personal and corporate credit, and also how to get 6-figures in new credit.


Watch And Enjoy!
Loral Langemeier

Key Moments In This Episode
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00:00 Intro & Summary
00:48 How To Be Efficient Within The Financial System
02:03 What You Need To Do With Your Credit Card
03:28 What Is The Difference Between Personal & Corporate Credit
04:27 What To Do With Debt And Money
06:54 How To Use Other People's Money
09:23 How You Become A 3-5 Year Millionaire

What To Watch Next
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Is It A Good Idea To Consolidate Credit Card Debt

Other Resources
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About Loral Langemeier
========================
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and Five Time New York Times best-selling author who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.

Loral’s straight talk electrifies audiences and inspires powerful action from live stages and television programs ranging from CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America’s Nightly Scoreboard, The Dr. Phil Show and The View. She is a regular guest-host on The Circle in Australia and has been featured in articles in USA Today, The Wall Street Journal, The New York Times, Forbes Magazine and was the breakout star in the film The Secret.

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Anything seen or heard here should not be viewed as an offer to buy or sell a security. Educational resources are provided for general information purposes only and should not be considered an individualized recommendation or advice. This is not an offering or the solicitation of an offer to purchase an interest in any investment vehicle. Any such offer or solicitation will only be made to qualified investors by means of an offering memorandum and only in those jurisdictions where permitted by law. The target returns set forth within all offerings may not be realized; actual results may differ materially from the stated goals. Prior to investing, investors must receive a prospectus, which contains important information regarding the investment objectives, risks, fees, and expenses of any funds and/or other investment opportunities. Past performance is no guarantee of future results. All investments involve risk, including the loss of principal invested.

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[MrBeefsnorkel]

Helping change my mindset changes everything. The core is now fixed. I'm going to watch this video now and again to maintain the knowledge and keep it fresh on my mind. Thank you

[vitserena]

Wow, I will start immediately using my credit cards the way you explained it.

[anthonydooley]

So at 6 minutes into this video she talked about credit cards and buying a car on payments. This is not good debt and it doesn't build wealth, as the title implies. Then she talks about how wealthy people are lenders, but she is telling us to be borrowers using credit, not lenders to get wealthy. Buying laundry mats is a great idea because it's an asset that creates income and cash flow after debt. She should have started the video with the laundry mat story because it's actually how to become wealthy. It creates new income that you didn't have. Credit cards and buying depreciating assets like cars is a great way to stay middle class with a great credit score.

[TamaraGrace]

We own our own home, land, and 3 vehicles. All paid in cash. I'm 36 now, husband is 37. Now, we're thinking about joining the credit community to build wealth. Just don't know where to start, yet...

[inyang]

Thanks Loral, great explanation of good/bad debt.

[jannalee]

Hellllooo this is Amazing .. Im a stay at home mom, starting all over from ground zero and i want to learn how to do it right ..and i believe its possible learning from you ♡

[laurab]

I spent so many years listening to Dave Ramsey. I am not going to live a lifetime of wealth (I am already 40), but I need to train my kids by becoming an example!

[jlmadd]

You want to become the bank. Factoring companies are brilliant in trucking buying invoices. Simple paperwork. Use other peoples money. Vending machines are a great investment too

[tabcalvitti]

Finally somebody teaching us how to do this the right way and reach our goals

[Our_insight]

This is honestly what so many need to hear, STILL!!

[bethmitchell]

This video blew my mind. Awesome information. I am still confused about buying a car. How is it free? If you trade it off in 3 years you still have to make the payments every month correct? Keep these videos coming. God Bless

[BinaryPrime]

I keep the receipt for all purchases, i use 3 credit cards which all accrue points that can be direct deposited to my checking account and then invested in stocks. Every Thursday i pay off about $400 worth of prior purchases, then throw away the corresponding receipt when i do so. It's like doing a company's monthly check run, only scaled down for an individual weekly.

[laurab]

Thank you! I am doing most of this! I am enjoying your content!

[LtsRenewIt]

Wow, so informative and promotes responsibility, good stewardship!

[alesandrodato]

Hallo!!! This is amaizing! Thank you Mrs. Langemeier! 🥰

[i_am_powerballinrich]

Strong Wealthy Minded Individual…. Thank you for the extended influence

[ranjitgill]

Tbh I agreed with you all the way until you said get the car finance free take a loan and am assuming you mean put into the S&P 500 for a 10% compound return and then pay the car off free. But that's actually silly because you cannot guarantee that the S&P will give you a 10% return and you could lose it so that's bad financial advice as Jay z would say if you can't afford it twice you can't afford it.

[alexpeyton]

When she mentions the 50, 000 car I’m not sure I fully understand. Is she saying not to pay it off or put money towards it at all and invest that money somewhere else to make more money instead? Doesn’t that debt hurt your credit?

[yinyami]

Hey I like this! I'm 20 years old and I don't know much about finances especially using credit I've never even used credit before and would like to learn

[gelc]

watching from the PHILIPPINES! great advice!