Ep.32 : The Power Of Debt With Colin Yurcisin

03/02/20 • 41 min

Credit doesn’t have to be scary when you use it for your own benefit. Our podcast today is focused on how to use the banks to work for you instead of the other way around. We are joined by Colin Yuricisin, the credit card Robin Hood, who found a way to break the matrix and make debt a machine that makes you money.

Breaking the stigma about credit cards, Colin breaks down his journey of leveraging banks to make him the successful entrepreneur he is today.

Colin started his journey of ascension towards success with some bad investments that cost him years of getting out of debt. He then decided to apply for a credit card and found a way to make banks work for him. Colin explains how you can use credit not only for your business but also for your lifestyle. There are no limits in real life, they only exist in your head. That’s why we are here to empower you to get where you want to get, business and lifestyle-wise, with other people’s money.

Remotrepreneur’s Insights:

Importance of Starting Your Line of Credit Card Early – Colin shares his experience when he first started out using credit cards and why it’s important to start early.
Leveraging Banks to Work For You – The tables have turned and now Colin tells us how you can make banks work for you to build income and assets.
Using Credit For Personal Use – There are hacks you can use to travel the world at luxury hotels using credit points, Colin is here to tell you how to do it.
Importance of Debt – Colin explains how debt can be a good thing for your business and how you can make debt make you more money.

Top Key Quotes:

“I don’t work through a bank, I’m using the bank”

“When you have a bank account, you have a debit card. A debit card is basically you just storing your cash inside of a bank. When you use a debit card, you’re taking out your own money. When you use a credit card, none of your money is in a bank account, it’s not tied to a bank account. You are literally using the bank’s bank account because they trust you.”

“When you first turn 18, you need to get a credit card. You need to start your credit history ASAP.”

“Debt is how the rich get rich”

“The more credit you have, the more trust you have”

“Living in luxury, traveling for free, leveraging bank’s money for little cost. It’s just education.”

Resources:

Courses:

EXCLUSIVE MASTERMIND – Colin’s private mastermind class

Learn Credit for $1 – Colin’s $1 class

Inner Circle:Credit Class – Colin’s credit class

People:

John Malott

People mention: