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best insurance companies for infinite banking
Best Insurance Companies for Infinite Banking 2023

Best Non-Direct Recognition Insurance Companies

Do you want to know the best insurance companies for infinite banking?

We sure did.

We fell in love with the idea that we could fund whole life insurance policies and borrow against the cash value of them without it affecting the dividends or cash value growth. 

In addition to that, the cash in the policy grows tax free, and we leave a death benefit for our family when we ultimately kick the can.

Spoiler alert – none of us are making it out of here alive, so we might as well make the most of it for our families.

Getting all of these benefits doesn’t happen ANYWHERE else other than by using this infinite banking concept.

But, you HAVE to have your policy set up the right way or this could actually work against you.

We didn’t want to have to learn the hard way, so we brought in Justin Donald, a 9-figure investor who built his entire portfolio on the back of non-direct recognition, whole life insurance as his primary investment mechanism to fund his deals.

Justin gave an outstanding Master Class in the Mindset To Money community showing us how he funded a multiple 9-figure private family reserve in one generation! 

In the Master Class he explained the difference between the two types of policies to consider and the ONLY one you should choose. The two options are:

  • Direct Recognition Whole Life Policies
  • Non-Direct Recognition Whole Life Policies

If you’d rather watch than read, click the video below to hear a snippet from the Master Class of Justin explaining the important differences. You CANNOT mess this part up.

Direct Recognition, Whole Life Insurance

In this type of policy, the insurance company directly recognizes and adjusts the policy’s cash value and dividend calculations based on any outstanding loans or withdrawals made by the policyholder.

When a policyholder takes a loan or makes a withdrawal in a direct recognition policy, the insurance company reduces the cash value and dividend calculations of the policy by an amount equivalent to the outstanding loan or withdrawal.

This means that policyholders may experience a decrease in the growth potential and dividend payments of their policy when utilizing loans or withdrawals.

For example – let’s say you have a direct recognition, whole life policy with $100,000 in cash value. You take out a loan of $75,000 of your cash value.

How much cash value would you then have left in the policy? As you’d expect, you’d have $25,000 in cash value left in the policy.

DIRECT RECOGNITION, WHOLE LIFE INSURANCE

  • Cash Value = $100,000
  • Loan = $75,000
  • Remaining Cash Value = $25,000

NON-DIRECT RECOGNITION, WHOLE LIFE INSURANCE

In this type of policy, the insurance company treats the policyholder’s policy loans and withdrawals separately from the calculation of dividends. 

This means that when a policyholder takes a loan or makes a withdrawal from their policy, the insurance company does not reduce the dividends or cash value growth of the policy based on the borrowed amount.

Now with same scenario as above – let’s say you have a NON-direct recognition, whole life policy with $100,000 in cash value. You take out a loan of $75,000 against your cash value. 

How much cash value would you then have left in the policy? As you’d expect, you’d have…wait a minute…the full $100,000 in cash value left in the policy? What the what? WELCOME TO NON-DIRECT RECOGNITION.

  • Cash Value = $100,000
  • Loan = $75,000
  • Remaining Cash Value = $100,000

As you can see, it is not in your best interest to use a direct recognition policy. So when you are seeking the best life insurance company for infinite banking, BE SURE the company is only offering you a non-direct recognition whole life insurance policy. 

Justin started with Northwestern Mutual and later learned that they did not offer a non-direct recognition policy, only direct.

After doing a lot of research he later found the best insurance companies for infinite banking that offer the best returns and are the most financially sound, and the list is not very long.
He used the first one on this list to help build his 9-figure investment portfolio!

Here Are The Best Insurance Companies For Infinite Banking

  1. MassMutual is widely regarded as a reputable whole life insurance company for serveral reasons, one being the long-standing history they have and financial stability along with the fact that they offer a range of flexible and customizable whole life insurance policies that align with the principles of infinite banking, providing policyholders with the potential for cash value growth and competitive dividend payouts.
  1. New York Life stands out as well because of their long-standing history of financial stability giving policyholders the peace of mind they need knowing that their polices are backed by a company with a long history of financial success. Their whole life insurance options also allow you to tailor your policy to meet your specific need and finiancial goals. 

These are the two best insurance companies for infinite banking. When it comes to investing in a whole life insurance policy you only want to work with companies with a long-standing history of financially stability, and that give the best returns.  

The next most common question is…

How to set up whole life insurance for infinite banking and use it to your advantage?

These are the steps you’ll want to take when considering infinite banking:

Step 1: Find an experienced insurance agent who specializes in “infinite banking” policies: The companies mentioned above don’t provide just the typical off the shelf products, they are specialists in setting up “non-direct recognition whole life insurance policies” and set you up with a policy that gives them the least amount of commission for your benefit.

Step 2: Have your agent create a non-direct recognition whole life insurance policy for your specific needs.

Step 3: Put a lump sum of money in your policy. Here is an infinite banking example, invest $50,000-$100,000+ and put it in a non-direct recognition policy and have the ability to borrow against your policy within as little as 30 days sometimes sooner.

This is how it works, you can borrow up to 90% of the cash value in your policy. The money in your account can continue to grow with interest as if you never touched it because it’s in a “non-direct” policy, meaning they don’t recognize when you borrow against the policy. 

Step 4: Invest the money in a way that will produce passive returns. Preferably into a business or asset that can create a new revenue stream that can pay the loan back in a reasonably short period of time, to increase your borrowing capacity, or if you don’t pay the loan back it will simply be subtracted from your death benefit.

BUT little do people know that’s only one small piece of the puzzle, especially if you want to truly create a private family bank entity structure that gives you full advantage of tax benefits and liability protection.

Have you ever heard the saying own nothing but control everything? Well that should be your ultimate goal. See how you can create a private family bank, more accurately called a “private family reserve” —>> HERE

Justin started out by investing in mobile homes and used his whole life insurance policy to fund it. He gave a full break down on how he built his 9-figure investment portfolio in this private Mindest To Money Master Class —>> HERE.

Click here to access the Master Class.

As infinite banking continues to become a wealth-building strategy, selecting the right insurance company is imperative.

Everyone has their own unique financial goals, so it’s essential to do thorough research, seek professional advice, and choose an insurance company that aligns with your specific needs. 

We hope you now know the best insurance companies for infinite banking to choose from to give you the best returns.  

If you enjoyed this article, you’ll love the information we share with our members and subscribers about Mindset, Investing, Business and Personal Finance.

To learn more ways to build your business credit and buy automated income streams, take our Financial Autonomy Quiz at MindsetToMoney.com, and identify your path to retire yourself in 5 years or less.

Cash Flow Planning for Beginners: A step-by-step Guide (2023)

Cash Flow Forecasting Model

Cash Flow Planning is KEY to running a successful business. 

This is how you determine how you’re going to pay your bills, hire someone or even have to fire someone. You have to have a good gauge of what’s coming in and what’s going out if you want your business to have a future.

Do you have a good grasp on your finances?

If not, don’t worry. In this article we’re going to break it down so you’ll have a clear understanding on cash flow planning and how to use it for your business. 

But wait, there’s more! 

We’re also going to show you how to get your hand on other people’s money to grow YOUR business, so stay tuned for that!

Here is everything you need to know about Cash Flow Planning

Let’s start with the basics:

What is Cash Flow Planning?

Cash flow planning gives a company a view at its incoming and outgoing cash to ensure it can meet it’s expenses. This includes cash flow from investing, operations, and financing activities.

Why is cash flow planning important?

Having a cash flow plan will make it that much easier to qualify for business financing, and predictably grow your bottom line. You can think of it as a budget for a business.

So let’s talk about how to get this. Here are 4 steps to effective cash flow budget planning:

  1. Establish your cashflow goals. Think about your business and where you want it to go. Then write down the steps you’ll have to take to get there. Does it require outsourcing more tasks so you can work on more strategic areas of your business? Does it require investing in more equipment or education? What will it take and cost to get you to the next level?
  2. How much money do you have coming in? Take a look at what’s coming in. You should have a full understanding of how much money is coming in every month. Even if some months are different than others, you should know what to expect. Look at trends from previous years but also think about the difference in what’s going on in the world (No one saw Covid coming).
  3. Calculate your business expenses – both short and long-term. These expenses might include operating expenses like salaries, rent, taxes, loan payments, equipment purchases, raw materials, business permits, etc. Subtract the money you expect to come in during the month by the money you plan on spending. This is how you calculate your cash flow plan.
  4. Know your number.  Now that you know how much you’ll have left it might not be enough to get to where you want your business to go, and that’s OKAY. 

This is where we want to show you how to get OTHER people to pay you to grow your business, and the way to do that is by getting Business Credit.

Business credit allows business owners to fund expenses they have and pay it back later as profits roll in. This allows the business to create flexibility with their finances, while you grow sustainable cash flow. 

With sustainable cash flow, this opens opportunities for bigger business credit lines, better credit terms, and better rates.

85% of businesses fail because they don’t have enough money. 

The GOOD news is that so many banks and lenders want to give to people but unfortunately so many small business owners have no idea where to go, what to do, or how to qualify. 

Business credit is not only good to help you fund your business, but even if you don’t need it right away, it’s still good to have as a safety net. If anything ever goes wrong, you can always use your business credit to keep your business running. 

You can even use business credit to pay yourself. Many small business owners do not pay themselves, and many don’t know that you can use business credit to get paid.

It’s hard to build your business if you don’t have any money. 

Business credit is fairly easy to get IF you can pay your bills on time. There are other factors to consider, but generally it can be easy to get. Even if you’re new in business or have been denied before. 

If you’re looking to obtain business credit, a great way to further educate yourself is by attending one of our most popular Master Classes on the topic.

In this Master Class you’ll learn

  • How to start, grow and leverage business credit without using your SSN

If you’re concerned about business credit and fear that you may not be able to manage it properly, this is the Master Class for you. 

We even cover what to do if you’re not making enough money to pay it back in time, or not making any money at all. We’re going to cover it all.

Click here to join us for this Business Credit Master Class.

Advantages and disadvantages of cash flow forecasting?

Some advantages of cashflow planning are to include the ability to balance costs, revenue and beneficial for businesses that are working to gain profits. 

Some disadvantages may include lack of flexibility. Some businesses without stable cash flow and growing expenses can find it hard to stick to a plan or forecast properly. 

This is the power of having business credit. You want to have a cash flow strategy if you want your business to grow. 


Now that you know how to calculate your cash flow planning and how to access business credit to grow your business, the sky is no longer the limit for you.

If you enjoyed this article, you’ll love the information we share with our members and subscribers about Mindset, Investing, Business and Personal Finance. Learn more ways to build your business credit and buy automated income streams, take our Financial Autonomy Quiz at MindsetToMoney.com, and identify your path to retire yourself in 5 years or less. 

How To Start Your Own Private Bank (2023)

How To Start A Private Family Bank

If we learned anything from the Silicon Valley Bank collapse, it’s that we cannot depend on the banks to keep our money safe. It’s time to start your own private bank.

But, how do you start one?

There is no shortage of social media posts and 60 second TikTok videos about becoming your own bank, also referred to as “infinite banking,” but these posts often leave readers feeling intrigued but ultimately frustrated by the lack of concrete guidance.

That ends here.

In this article we’ll break down how to start your own private bank.

Let’s start with the first common question…

What is a Private Family Bank?

First and foremost, let’s get the language right. Technically, just know that the way to refer to this if you want to use accurate language is a “private family reserve,” because in a legal sense, this is not actually a true bank. But for the sake of this article, we’ll use the commonly accepted term of private family bank.

The 2nd thing you need to know is that there is also MASSIVE MISINFORMATION about the core structure of the private family bank. I’ll share more about that in a moment, but for now, let’s talk about why people call it a “bank” if it’s not actually a bank.

In the simplest form, a private family bank is similar to a traditional bank in function, in the sense that it serves as a holding place for your money. The obvious primary difference is that YOU own it, but there are other really important advantages that a private family bank offers you when structured properly, such as:

  • It allows you to maximize your ability to mitigate taxes to the full extent of the law
  • It allows you to have full control over everything while personally owning nothing, which eliminates the liability risk of any of your cash, assets and other business holdings being subject to lawsuits brought against you personally
  • After your death, it can be passed down to YOUR family for generations, in the form of a Private Family Office (we’ll discuss the family office structure in another article)

There are several other benefits of having your own family bank such as you never have to worry about your personal credit score, being denied, having creditors, the IRS or anyone tell you what to do with YOUR money, and your family will be taken care of for GENERATIONS!

You are the bank.

Now, here is where people tend to think it begins and ends

Step 1: Find an experienced insurance agent who specializes in “infinite banking” policies:

These are not your typical off the shelf products, most life insurance agents don’t even know how to do this. You need to find a specialized agent who is a specialist in setting up “non-direct recognition whole life insurance policies” (see Step 2) and sets you up with a policy that gives them the least amount of commission for your benefit.

Step 2: Have your agent create a non-direct recognition whole life insurance policy

for your specific needs. Non-direct recognition refers to a type of whole life insurance policy that allows the policyholder to borrow against the cash value of the policy without affecting the dividends or cash value growth. 

Step 3: Put a lump sum of money in your policy

i.e. $50,000-$100,000+ and have the ability to borrow against your policy within as little as 30 days sometimes sooner. This is how it works, you can borrow up to 90% of the cash value in your policy. The money in your account can continue to grow with interest as if you never touched it because it’s in a “non-direct” policy meaning they don’t recognize when you borrow against the policy. 

Step 4: Use the money.

Preferably into a business/asset that can create a new revenue stream so you can pay the loan back to increase your borrowing capacity or if you don’t pay the loan back it will be subtracted from your death benefit.

BUT little do people know that’s only one small piece of the puzzle, especially if you want to truly create a private family entity structure that gives you full advantage of tax benefits and liability protection.

Have you ever heard the saying own nothing but control everything? 

Well that’s how the wealthy do it and this is what Ross Bruson does for a living. He structures his clients family banks in a way that sets them up for generations to generations. 

He has a bulletproof system that he has done for the last 30 years securing the legacies of countless families. Below is a snapshot of his unique 4-entity structure to safeguard your assets, money, taxes, and create a legacy of multi-generational wealth for families, inside of one generation

Here is his 4-Step Entity Structure Process

Step 1: Create a S-Corporation – Management/Holding Company For LLCs

Step 2: Create a Limited Liability Companies (LLCs) – Operating LLCs & Asset Holding LLCs

Step 3: Create a Limited Liability Limited Partnership (LLLP) – Private Financial Reserve

Step 4: Create a Living Trust – Grantor Self-Settled Spendthrift Trust

This chart is impossible to describe in writing, it must be explained. Ross was featured in a Mindset To Money Masterclass and gave an outstanding presentation on how this 4-entity structure works and how to protect your assets to save you thousands and millions of dollars in taxes. It’s a must watch to truly understand how to create your own private family bank. 

To access the Masterclass click here.

He even went in-depth about the Rockfeller’s and how he patterns his structure after them. 

The Rockefeller’s are famous for structuring their private family bank and here is an example of how they have passed wealth down to generations 

They used a very strategic approach and their family is now worth billions. 

Here are the steps the Rockefeller’s used to create their own private family bank

  1. Parents setup a family trust
  2. As soon as a beneficiary of the trust is born, (a child), the family trust takes out a cash value life insurance policy for the maximum amount of insurance a company will offer
  3. Then as trust is setup for each child in the family as soon as the child is born. The trust is named the beneficiary of the life policy
  4. The child can learn about and have access to the capital found in his own life 
  5. The child can make deals with his parents or grandparents, whereby the parents or grandparents will make the child a loan from their policy’s cash value should the child need funds greater than what has built up in the child’s policy
  6. This money has to be paid back. If it is not paid back, the parents or grandparents have the cash values building up in the child’s policy they can take therby maintaning the survival of the main family trust.
  7. Restrictions are placed on how much a child can borrow from his or the main family trust. If the child is not able to pay the loan back in full, the trust can be made whole again by the child’s life insurance policy
  8. When the loan is paid back, the interest on the loan is NOT getting paid back to the government or to a banking institution, but back into the family bank, keeping the family and the family bank strong.
  9. The parents acting as a board, can setup a model so that the children can only borrow a certain amount or even a specific number of times, depending on the assets in the trust. The board can use something called a statement of purpose – an extended family mission statement that will govern their decision and make sure the money is put to good use.  

Everything you thought you knew,  you may need to think again. This is not some DIY project you should think of taking on yourself.

This process must be understood enough to even have a conversation of what you want and need.

To get a better understanding and see the exact 4-entity structure that Ross recommends to safeguard your assets and your money, save double-digit percentages on taxes yearly, and create a legacy of multi-generational wealth for families, inside of one generation then this is the masterclass for you. Click here to access.

Will you be the one to take on the responsibility to create the STRUCTURES for generational wealth to begin in your family?

Frequently Asked Questions

Can you create your own private bank?

Short answer, no. Creating a life insurance policy involves working with an insurance company and a licensed insurance agent who can guide you through the process and help you select a policy that meets your financial goals and needs. It’s important to carefully consider your options and consult with a financial professional before making any decisions.

How much does it cost to open a private bank?

To determine the cost to open a private bank varies. You will need to consider factors such as your age, health, the amount of coverage you need, and the length of the policy term. You will also need to consider any fees or charges associated with the policy, such as premiums, administrative fees, and surrender charges.

It is best to contact an insurance agent or company directly to get a personalized quote for a non-direct recognition whole life insurance policy based on your specific needs and circumstances.

Is private banking profitable?

Private banking can be profitable but it depends on your individual financial situation and investment goals. Private banking typically guarantees a fixed rate of return on the cash value component of the policy, which can provide stability and predictability in your long-term investment portfolio. Additionally, the death benefit can provide a tax-free source of income to your beneficiaries upon your passing.

If you enjoyed this article, you’ll love the information we share with our members and subscribers about Mindset, Investing, Business and Personal Finance. Learn more ways to build your business credit and buy automated income streams, take our Financial Autonomy Quiz at MindsetToMoney.com, and identify your path to retire yourself in 5 years or less. 

Unlock $100K in Business Funding with Dominique Brown

In the spirit of our Master Class with Dominique Brown, entitledHow To Turn Credit Into Cash – $100K Funding In 90 Days,” this series of stories is all about BUSINESS FUNDING.

Click —>> HERE or click the image below to learn more about the Master Class.

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INCREASE: Unlock $100K in Business Funding with Dominique Brown

Hey hey, good people! 

Y’all remember last month when we brought you Dominique Brown, and he gave us the rundown on using automated AI to repair and optimize your personal credit?

Well, guess what, there was a reason why we started the conversation with your personal credit…

Dominique is BACK, this time with a step-by-step blueprint showing us how to turn that pristine credit into cold hard cash!

I’m talking about a path straight to $100K in business funding within 90 days. No ma’am and no sir, that ain’t a typo!

It’s time to take that FICO score out for a spin, folks. We’ve cleaned it up, buffed it out, and now it’s time to hit the road.

No more waiting around “hoping” for something to happen – it’s about time our credit started pulling its weight around here, am I right? #TurnCreditIntoCash #RoadTo100K

Imagine what you could do with $100K in business funding…

Buy an unsophisticated online business to tap into automated income? Grow your existing business? Hell, why not both?

Dominique isn’t simply offering lip service. He’s walked thousands down this path toward Financial Autonomy, my business partner Thomas and myself included.

His last Master Class was all gas, no brakes, and this one? Nothing less than financial liberation. 

So, are you ready to turn your credit into cash? To tap into that Financial Autonomy we keep talkin’ about?

Join us 7:30pm CST on Monday, 7/10/23. It’s going to be #EPIC!

Follow the instructions on the page to register for the live master class.

At your service,

Danielle & Thomas


Join us for our 90-minute Mindset To Money Master Class, as Dominique shows us how to turn a 680 credit score and a clean, optimized credit profile into $100K of business funding in 90 days.

Learn how straightforward the process is to tapping into $100K in business funding or more, if you follow the exact blueprint for where to apply, how to apply, and when to apply for business funding. Click the link to learn more about the Master Class.

As always, Mindset To Money members with GROWTH tier paid memberships attend for FREE.

Everyone else will pay a one-time fee of $147.

We start at 7:30pm CST on July 10th. 

Click —>>> HERE or click the link below to register.

—————

Complete Your Registration:
https://MindsetToMoney.com/funding

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My Credit Scores DROPPED After Paying Off My Student Loans

If you missed story #8 in the series, “An Instant 20 Point Increase Into The 700 Club!“…

Click —>> HERE or click the image below to read our definitive viewpoint on whether or not tradelines are a scam…

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STORY #9: My Credit Scores DROPPED After Paying Off My Student Loans

Remember, I told y’all about my 2019 bankruptcy, right? Since going through that horrendous process and rebuilding my credit again, I have paid attention to every single aspect of my credit.

Obviously, student loans aren’t included in bankruptcies, so I still carried that debt on my credit reports.

Back then, I had the brilliant idea that I’d pay off those student loans and my scores would see an increase, right?

After all, Dave Ramsey is right to a certain extent when he says that your credit score is your debt score.

So, tell me why I paid off $60K+ in student loan debt only to see my scores DROP?. The biggest drop was a 13 point drop from Transunion.

I.WAS.LIVID.

You mean to tell me I done volunteered to pay off my entire student loan balance and these stupid scoring models gonna punish me for it?

I didn’t understand that paying off accounts which have been reporting for decades actually reduces the overall length of your credit history.

Kinda silly but also it kinda makes sense lol.

So, yeah, I came to my senses about a year later after talking to Thomas and I requested that money back.

I found out that student loan payments made during the pandemic were 100% refundable.

It took like 5 months for them to do it, but I received the money back.

And no, my scores didn’t increase once the debt was added back.

I was pissed off again lol. But, hey, such is life.

As you can see a lot of my credit woes have come from knowing just enough to be dangerous…mainly dangerous to myself!

You can avoid all of the mistakes I made by learning from our next Mindset To Money Master Class featured expert Dominique Brown.

Dominique has 1,000+ testimonials and he’s an actual, accomplished credit and personal finance expert.

At Your Service,
Danielle Pierce

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Complete Your Registration:
https://MindsetToMoney.com/dominique

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An Instant 20 Point Increase Into The 700 Club!

If you missed story #7 in the series, “FICO Score = I Love Debt Score!“…

Click —>> HERE or click the image below to read why Dave Ramsey says your FICO Score = I Love Debt Score!, and what we think about that…

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STORY #8: An Instant 20 Point Increase Into The 700 Club!

When I think about the Internet, my sincere feeling is that it is both one of the greatest tools ever invented while simultaneously being one of the worst things ever lol. 

We all know that you can find anything on the Internet. That aspect has been a massive improvement to humankind. 

But, the QUALITY of that information is what makes all the difference. 

And avoiding the cesspools of bad, outdated, and outright illegal credit information is a true challenge.

I’ve heard about buying tradelines for years. 

But, when you try to find a legit company to buy a tradeline, all you can seem to find is rabbit hole after rabbit hole.

You could be mere seconds away from throwing away hundreds of dollars (best case scenario) or having your identity stolen (worst case scenario). 

Fortunately, my brother actually came to my rescue and recommended a Texas-based company that sells tradelines. 

I bought a tradeline November 8th, 2022 for $950 bucks. 

Scores increased by 17, 19 and 20 points respectively. 

#Boom #Pow

And of course, I always got proof cuz why not lol?

Fortunately for you all, you ain’t gotta pay $950 bucks to learn about strategies to raise AND maintain a killer credit score. 

All you need to do is register for our Mindset To Money Featured Master Class with Dominique Brown.

At Your Service,
Danielle Pierce

—————

Complete Your Registration:
https://MindsetToMoney.com/dominique

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Ready for story #9 in the series? Click —>> HERE to read why my credit scores DROPPED after paying off over $60K in student loans. What the WHAT!?!?…

FICO Score = I Love Debt Score!

If you missed story #6 in the series, “One Late Payment Drops Your Credit 50 Points!”…

Click —>> HERE or click the image below to read what happened when a Macy’s store credit card started calling Danielle’s name…

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STORY #7: FICO Score = I Love Debt Score!

So Dave Ramsey says that your credit score = an I Love Debt score. He says that the actual scores are irrelevant and not a true indicator of your financial well being…

Is he right?

Well…I mean, kinda yes and kinda no. 

He’s right in the sense that the FICO score does measure your ability to acquire and repay debt. 

Not even 6 months ago, I received an alert that my score was lower due to NOT having mortgage debt lol. (I’ve since remedied that by the way). 

I have also received alerts warning me that my score was suffering because I wasn’t using the only credit card I had at the time.

To be honest, at times, it feels like there IS no way to figure out what these scores want lol. 

Now, where I think Dave is wrong is in the blanket assumptions that all credit cards are worthless debt traps. 

Just like anything else, there is no one size fits all solution. 

If you’re cash strapped, juggling credit cards, robbing Peter to pay Paul and carrying thousands of dollars in credit card debt, then please go listen to Dave.

But on the other hand, if you’re managing your finances well, have some disposable income, understand and pay attention to statement dates vs reporting dates, and you actually study the credit cards available and choose them for specific strategic reasons…the sky is the limit. Literally.

I’m in some of the credit groups on Facebook and some of these folks are MASTERS at the credit game. 

Some have collected six figures in credit to acquire real estate and other investments. 

Some use sign up bonuses and transfer bonuses to collect free travel and hotel stays for FREE

There are levels to this.

And the one thing I didn’t fully understand when I filed bankruptcy is that your score can and will recover but that stigma does linger. 

For the last year or so, I could not get a SINGLE quality credit card even though I’d reached a 700+ again. 

I kept getting denied for the bankruptcy which was discharged and paid off 4 years early. 

Most recently, I was denied an Amazon Prime card backed by Chase. I was so damn irritated considering how much money of mine Chase is holding lol.

So, I decided to try the reconsideration line and plead my case with an actual human. 

And that denial was reversed and now ya girl has crossed over the threshold into the Chase ecosystem….again.

Join us for our next 90-minute Mindset To Money Master Class will be led by Dominique Brown – a bonafide credit and personal finance expert.

Dominique knows about TONS of tricks just like the one I used above to get back in the good graces of Chase. 

If credit is your jam or you want to have a stellar score, come check it out. 

He’ll be showing us how to repair credit scores utilizing automated AI software. Imagine just sitting back and poof…letting AI do all the disputing work on your behalf.

Learn how simple it is to start the automated process to build a clean and optimized credit profile at the click of a button.

As always, Mindset To Money paid members attend for free. 

Everyone else pays a one-time fee of $147 bucks. 

Click the link below to learn more about the Master Class.

We start at 7:00pm CST on Tuesday, May 30th. 

Click —>>> HERE or click the image below to register.

At Your Service,
Danielle Pierce

—————

Complete Your Registration:
https://MindsetToMoney.com/dominique

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Ready for story #8 in the series? Click —>> HERE to read our definitive viewpoint on whether or not tradelines are a scam…

One Late Payment Drops Your Credit 50 Points!

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Take control of your personal credit

One Late Payment Drops Your Credit 50 Points!

If you missed story #5 in the series, “Credit Karma To Pay $3 Million For False Pre-Approved Offers”…

Click —>> HERE or click the image below to see why Credit Karma got fined $3 million for misleading users, but not before millions of users were declined for credit cards using inaccurate recommendation information from Credit Karma. It’s a reminder that accurate information and knowing who to trust can be hard to figure out…

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STORY #6: One Late Payment Drops Your Credit 50 Points!

Years ago, I was checking out at Macy’s which is one of my absolute favorite stores.

And just like always, they asked if I wanted to put my purchases on my Macy’s card.

I told the cashier that I didn’t have one and, as always, she asked if I wanted to apply.

99% of the time, I avoid these cash register last minute credit card offers.

But, on this day, I said YES and so did they!

Now, what they go and do that for lol? Instant Christmas.

Maaaaan I paid for that stuff, put the card in my wallet, went home and promptly forgot about ERRTHANG. 

Approximately 45 days later, I was reviewing my credit report and there was a late payment reporting from that damn Macy’s!

I was FURIOUS at myself.

At the time, I’d been working on increasing my score and that single late payment dropped me 40 points on one bureau and 50 points on another. 

I tried everything to get that late notation removed. 

I tried the stuff people say in the YouTube videos. 

I called and pleaded my case with Macy’s. 

I disputed with the credit bureaus. 

Nothing worked. And that late payment stayed on my report for years. 

Ugh!

Back then, I didn’t know the 5 components that make up the credit scoring model. 

And if you still don’t know those 5 components today, we have a remedy for ya, in this Master Class.

Join us for our next 90-minute Mindset To Money Master Class, led by Dominique Brown, as he shows you how to repair your credit scores utilizing automated AI software. Imagine just sitting back and poof…letting AI do all the disputing work on your behalf.

Learn how simple it is to start the automated process to build a clean and optimized credit profile at the click of a button. Click the link below to learn more about the Master Class.

Mindset To Money members attend for free. 

Everyone else pays a one-time fee of $147 bucks. 

We start at 7:00pm CST on Tuesday, May 30th. 

Click —>>> HERE or click the image below to register.

At Your Service,
Danielle Pierce

Complete Your Registration:
https://MindsetToMoney.com/dominique

 

Ready for story #7 in the series? Click —>> HERE to read why Dave Ramsey says your FICO Score = I Love Debt Score!, and what we think about that

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© 2020-2023 MINDSET TO MONEY LLC. All Rights Reserved.

Credit Karma To Pay $3 Million For False Pre-Approved Offers

IMPROVE YOUR CREDIT WITH AI

Take control of your personal credit

Credit Karma To Pay $3 Million For False Pre-Approved Offers

If you missed story #4 in the series, “One THOUSAND Video Testimonials?!?”…

Click —>> HERE or click the image below to read what Danielle learned after a year working with a credit repair expert.

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STORY #5: Credit Karma To Pay $3 Million For False Pre-Approved Offers

You do know that the scores from Credit Karma are NOT your actual credit score, right?

 

Whelp, if you didn’t know, lemme apologize in advance for ripping off your bandaid. #MyBad

 

And it looks like there were other issues with the platform as well as highlighted in the article in the screenshot below. 

 

Credit Karma is gonna have to pay $3 million bucks for targeting their customers with fake pre approved offers.

Essentially, millions of folks were applying for credit cards, based on Credit Karma’s odds of approval scoring system, and subsequently denied. 

And now they have to pay up. 

Now, I don’t want you to think that this email is a roast session for Credit Karma, because it isn’t. 

Their platform has helped millions of folks start the journey to better understanding their credit. 

And as I mentioned before in a prior email, it is important to start your knowledge building about credit as early and completely as possible.

Moral of the story? The quality of information definitely matters more than anything.

Click —>>> HERE or click the image below to register.

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Join us for our next 90-minute Mindset To Money Master Class, led by Dominique Brown, as he shows you how to repair your credit scores utilizing automated AI software. Imagine just sitting back and poof…letting AI do all the disputing work on your behalf.

Learn how simple it is to start the automated process to build a clean and optimized credit profile at the click of a button. Click the link to learn more about the Master Class.

We start at 7:00pm CST on Tuesday, May 30th. 

Click —>>> HERE or click the image below to register.

At Your Service,
Danielle Pierce

Complete Your Registration:
https://MindsetToMoney.com/dominique

 

Ready for story #6 in the series? Click —>> HERE to read what happened when a Macy’s store credit card started calling Danielle’s name…

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© 2020-2023 MINDSET TO MONEY LLC. All Rights Reserved.

One THOUSAND Video Testimonials?!?

IMPROVE YOUR CREDIT WITH AI

Take control of your personal credit

If you missed story #3 in the series, “Repossessed By A Rent A Center!?!”…

Click —>> HERE or click the image below to read how a $20/week payment taught Danielle the unforgettable difference between being able to buy something vs being able to afford something.

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STORY #4: One THOUSAND Video Testimonials?!?

Credit repair experts fall into pretty much the same category as used car salesmen, life insurance salesmen and handymen.

Lots of folks are generally apprehensive about them, and a commonly accepted belief is that they can’t be trusted and will promise you the moon and deliver you a pile of rocks instead. #facts

The entire INDUSTRY is rife with scams, shady business practices and outright illegal tactics like the highly touted 609 letter. (google it)

You have to be MORE than careful once you actually decide to pay someone to repair your credit, because the results can be totally inconsistent and unpredictable, even from the same person.

I’ve only hired someone one time to repair my credit.

11 months after starting, there was only ONE difference between my credit reports from 11 months prior. I was so irritated and annoyed by the entire process.

But my business partner Thomas has used that exact same person not once, but 2 separate times, close to 15 years apart between those 2 engagements, and in both cases he saw significant results, and quickly bumped up into the 700+ score range.

Totally different than my experience with them, where all of my score increases were due to things that I had personally done on my own time. 

So, I cut ties with that company.

Cuz, what you won’t do is waste my time AND money AND give me a bunch of excuses. Tuh!

Like me, I’m sure you’re super leery about credit repair. 

This is why Thomas and I were so pleasantly surprised to hear that Dominique has amassed over one THOUSAND testimonials. And many of these folks got on video which is usually very challenging to pull off.

Dominique’s software is changing the game. 

Instead of months of back and forth emails and phone calls, his software analyzes your personal data and spits out your personalized solution…all within mere seconds.

From there, all you have to do is push a button and the entire automated dispute process is initiated.

But be clear, this only works because Dominique had years of success working in the industry and becoming an expert’s expert in consumer credit repair and building.

Every bit of that industry knowledge being baked into the software platform is what makes it so good.

At Your Service,
Danielle Pierce

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Join us for our next 90-minute Mindset To Money Master Class, as Dominique shows us how to repair credit scores utilizing automated AI software. Imagine just sitting back and poof…letting AI do all the disputing work on your behalf.

 

Learn how simple it is to start the automated process to build a clean and optimized financial profile at the click of a button. Click the link to learn more about the Master Class.

As always, Mindset To Money paid members attend for FREE. 

Everyone else pays $147 bucks. 

 

We start at 7:00pm CST on May 30th. 

Click —>>> HERE or click the image below to register.

Complete Your Registration:
https://MindsetToMoney.com/dominique

 

Ready for story #5 in the series? Click —>> HERE to read why Credit Karma got fined $3 million for misleading users, and what that has to do with how you choose who to trust….

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© 2020-2023 MINDSET TO MONEY LLC. All Rights Reserved.