When to open a holding company
Starting a Holding Company now before starting your BUSINESS tips and Advice
today boys and girls we're gonna talk
about holding companies and why you
should set one up this is the way that
the big boys do it this is how Apple IBM
Amazon they have a holding company and
they have a subsidiaries of operating
companies under the holding company if
this is your first time here this is
Glendon Cameron you're hustling
Godfather what we do here is we get
money through entrepreneurship there's
been a few questions I don't know why
people are confused because it's quite
simple you need to form the holding
company before you form an operating
company which means that if you're not
really sure about what you're going to
do you can go ahead and form the holding
company now because the way that it
works is the holding company owned
subsidiaries are the operating companies
so you got to make it first and in terms
of age the clock starts ticking the day
that you form your holding company so
part of this whole strategy is many
small businesses run and operate on a
small level and this creates the lack of
information because I've asked some
people who've took the art of holding or
the hustlers LLC and they went to the
bank and they were like whoa whoa whoa
whoa whoa what are you trying to do here
buddy because they're not used to you
having this kind of information if it
was IBM
Amazon that was coming to the bank to do
that they like okay but they're not used
to the common man having access to this
information not used to it at all so
essentially one of the things you should
do is start your holding company as soon
as possible
and the holding company has one purpose
that's to collect money from the
operating companies and that's the way
that you play the tax strategy game
this is how you set up all of these tax
strategies because you can set it up
where your operating companies make have
a lot of deductions have a lot of losses
and these losses pass up to the holding
company so there's there's many many
ways that you can play this tax game and
anyone that's giving you financial
advice that doesn't include tax
strategies is not giving you the whole
case because if you have a job and you
were to start a side business that earn
money and had deductions then those
deductions and losses would pass up on
your tax form where you could
potentially get some of your withholding
taxes back if you do it right I have a
course how to start a YouTube channel
that will teach you how to do this and
you don't have to make you don't have to
have a quote successful YouTube channel
you just have to have it set up
correctly so one of the things that you
should understand and once again I'm
talking to my single men out here the
hustlers LLC the link is below this will
give you the tools that you need to set
up your holding company and protect
future wealth from evil ex-wives and
bitter baby mamas one of the things that
many people seem to think that once you
enter these aren't you know you got you
know you just got a pair not necessarily
if you take an ounce of prevention and
if you set yourself up correctly one of
the things that people don't understand
is timing and how law works and I've got
a video on the influence frame that goes
into this because essentially if you
build something in this this is once
again why a man needs to be on his grind
before he gets married and have kids
because typically if you wait until
after you're married you wait until
after you have kids to start excelling
this becomes a product of the marriage
so once again just to be clear she don't
have to pretend
- paid in the business all she has to do
be legally married to you Thule claims
to the bet the business that's it and
this is such a hard thing for people to
understand cuz they be going off like
well kevin garnett gotta pay 100k and
i'll they were legally married and this
is why one of the biggest reasons that
women want to get married because of the
legal situation that allows them to have
access to your current income and if
you're married long enough your wife can
get half of your pension half so these
10 15 20 year marriages you know I know
of a gentleman who got divorced his wife
is getting half his pension
he's well-to-do and you know it's a it's
a source between him and his his current
wife because she's like why is she
getting half of that I mean she gets
half I cut down the middle because they
were legally married and the laws are
set up like this because for a long time
women could not have credit in their
name they couldn't do anything now all
that's changed but the laws have not
changed because essentially you know as
long as she stays on merit now she gets
married this stops all this if she gets
married so she can't get married and
keep collecting that cash and you know
she's seeing someone and it dude wants
to get married she's like nah no no nope
nope we ain't getting married
you ain't about to kill my money and
this is one of the reasons that women
always say about you know they think
about marriage they speak about
masculine resources like you know if you
were married to him you would get
benefits you would have these options
you would have the ability to do X Y & Z
in this certain situation and she has
claims upon your money your income and
all of these other things now a big part
of this is understanding the law now you
have family law and
corporate law corporate law can be
stronger than family law if you put
corporate law into play before the
family law comes into you know you got
your business is up and running you're
making money before you get married and
then you know one of the things I'm
going to do is help you guys to create
the language and stuff in your hustlers
LLC to protect yourself because one of
the things that many prenups do is they
have a sunset clause like in the 15th
year of the marriage or the 20th year of
the marriage it disappears and typically
this is one a lot of women like okay
well let's expire it let's get divorced
now so I can lay claim to the money it's
a little insidious but you know my young
dudes I encourage you to go out and
build your life get your business
together and protect yourself and start
putting together all of these legal
strategies because legally the law is
the law and if you go to the hustlers
LLC you can get married and not be
financially raped because essentially
what happens is this courts look at who
has the biggest pockets and if you got
those big pockets they take out a knife
and they start carving off pieces
because there's like well you make so
much money you can afford to give that
up and that's not the point the point is
this woman did not do anything to earn
this money but once again she's legally
married to you that's the key and this
is why many men avoid marriage and avoid
shacking but once again this same thing
can happen if you have a kid buy this
woman because you ever noticed how many
women have a 12 13 14 15 year old kid
then they had go out and they have
another baby
so they got like kids with 10 12 13 year
gaps they reset that child support clock
pay layer because it has been a study
that has been done that the average
woman once child support is over they
hit they nosedive into poverty
and one of the things that you know high
child support do because essentially I
think in my case they were figuring like
getting three to four grand a month you
know what kind of child support payments
what kind of monster that this creates
three to four grand a month you don't
have to pay taxes it shows up every
month these people become incapacitated
they don't know how to take care of
themselves and this is what happens to a
lot of women who go through a serious
downgrade in standard of living once the
child support payment stopped it is
funny how that happens because these
women have been subsidized by these
large child support payments because I
remember having this conversation with
my ex-wife and she was telling me what
kind of child support her friends were
gettin they there was like a competition
well Sheila gets 1500 bucks a month I
would like to get 1,500 bucks a month
you should do better this is what this
trick told me I was just sitting there
like but you are a lousy mother
this was my buyer actually replied to
that so you want to get beat you get
paid for being a lousy mother and she
liked the sound of that but you know one
of the things that happens is prevention
and setting this stuff up before you get
married before you have kids now I know
there are many cute guys like I'm
already married I already got kids what
about me is you gonna have to have a
totally different tactic you're gonna
have to go out at about a totally
different way because many of you are
married and your wife knows all of your
secrets she knows where the fortress of
solitude is she knows all the secrets so
unless you were very tight-lipped like
the dudes who have other families you
know like these traveling salesmen and
no and no one ever finds out they had
another family until he died then both
his families show up at the funeral and
they like what that's dad that's my dad
my dad and these two wives are sitting
there and feuding over the estate
these dudes knew how to keep a secret
and this has happened quite frequently
and you got to be like that where you
can love or respect your wife but you
got to keep some stuff to yourself and
this is you know people many dudes get
in trouble with this is like well I want
you to be completely transparent I
guarantee you if you knew the things
that your wife thought and she was
completely transparent with you it may
make you reconsider your decision to
marry her so this this is where I'm at
with this complete transparency stuff
they only want you to be completely
transparent so they can know what
they're getting into without with while
withholding pertinent information from
you so do yourself a favor go ahead if
you're a young man start you a holding
company if you don't know what kind of
business you want to start you could
figure that out later but the clock
starts with the age to corporate age
because I've seen the power of an old
LLC we swear for these guys and the
Scots father started the company and
when Scott got the company this was a
30-something your own corporation it has
its own credit profile that had 30 years
of tax returns it was like a person and
Scott inherited that and Scott was able
to take those corporate papers and tax
returns and go get a loan I got to me
and not alone so one of the things you
know and this is about setting this up
because the age because once you get
past five years that's a milestone
because many businesses don't make it
past five years once you get to ten
years that's no mas you get a 30 year Oh
third year old LLC that's a bad bad boy
to have because there are so many things
that you can do with this and one of the
reasons that you know I'm you know I
have a lot of pushback on this is you
guys don't want to do the work because
starting the biz
this ain't easy it's hard there there
are many days where you know there's no
cheering section there's nobody going
gay you know and you just go in there
and you do what you need to do but the
rewards are immeasurable
Scot was a young man then I remember he
said I gotta go home we got five
bathrooms and at the time I was coming
from the boardinghouse situation now
that I live in the house with five
bathrooms and it's funny too two of them
don't even get used that much because
you know we've got there's one down here
there's two on the main level and
there's two on the upstairs level and
it's a different life when you have
abundance and access when you can
actually make decisions based upon well
I want to take a vacation you don't have
to save up to take a vacation you just
carve out the time and you go this is
the kind of lifestyle that starting
these businesses and having these LLC's
and mitigating your taxes will bring
because Scott had the x5 and once again
the business really what making that
much money when I joined not that you
know cuz I think they had the year where
they did in nineteen million and they
had moved and did all this other stuff
and hired all these other people but
when I was there Scott was able to live
off that corporate those corporate loans
live very well and part of this is when
you have the ability to take out let's
say a two million dollar loan and you
they give you five or ten years to pay
it back you can take a million and put
it in the bank and use that money to pay
them back and you got five years to
figure out the rest
see one of the things that people
understand is like you know let's say
you're real establishing credit and they
give you all these toy limits but when
you start getting these twenty five
hundred thousand dollar credit card
limits forty fifty thousand dollar
credit limits you got five credit cards
$50,000 of
you can do some stuff you can spend up
$50,000 and still have $200,000 of
unused credit which will make your score
stay high so there are so many ways that
you can do this game but you got to
participate in the American enterprise
you got to become a producer you got to
go out here and make something happen
and build alright so for those of you
who want the art of holding the links
below for those of you who want the
hustlers LLC the links below and I will
be adding some stuff later to that this
week to give you guys more guidance
because one of the things that you
should understand is the legal structure
is so important remember when the people
talking about the United States was
based on the rule of law and the rule of
law is so important in terms of getting
married but it's also very important to
setting up your corporate papers because
you become a king you can create your
own corporation and that's your kingdom
and this is how these guys have these
planes they have these six-figure car
state they drive around in the corporate
name because there's so many ways that
you can do this but you got to play the
game you got to get your holding company
you got to get your operating company
you got to get your business up and
running you got to go out here and get
this money man get this money man so
with that I'll see you guys later be
sure to subscribe to the channel and be
sure this is Joey the hustlers kung-fu
the Facebook group where we talk about
business and other things so with that
I'll see you guys later
