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The Power Of Debt With Colin Yurcisin | Ep.32

Filip Stankovski March 1, 2020


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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.

If you don’t have any idea why constant debt is great for you, scroll down.

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.

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

Key Podcast Milestone:

02:26 – Colin’s background in finance
04:50 – How Colin took advantage of the banks
08:13 – How Colin used debt to make him money
10:14 – How does Colin help his students to leverage debt to build income or assets
14:37 – How credit saved Colin’s life
19:20 – Colin’s bad investment
23:08 – How can you leverage credit card points to travel for free
23:38 – What have Collin’s students done
29:39 – How can you join Colin
31:27 – How you can use Colin’s tactic as a US company
37:28 – Colin’s long-term plans

Top Key Quotes

“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, travelling for free, leveraging bank’s money for little cost. It’s just education.”

Resources:

Courses:

EXCLUSIVE MASTERMINDColin’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:

Grant Cardone

Donald Trump

Tony Robins

Gary Vee

Connect on social:

IG: @remotepreneurs

Don’t forget to get even more great episodes and resources to help you break out of the Matrix and grow your own remote empire at the Remotepreneurs website.

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Author

Filip Stankovski

I'm a top rated sales freelancer on Upwork and Level 2 Seller on Fiverr. I believe that the new entrepreneurs are remotepreneurs and the purpose of the podcast is to teach people how to adjust to the new future of doing business - REMOTELY!

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