Latest / The Steve Harvey Morning Show / Financial Tips: She can secure your business $100k in funding in 100 days or less, with same-day approvals and next-day funding.

Transcript

Financial Tips: She can secure your business $100k in funding in 100 days or less, with same-day approvals and next-day funding. · The Steve Harvey Morning Show

• 0:05
  Speaker 1: Welcome to the show.
• 0:06
  Speaker 2: I am Rashan McDonald, the host of Money Making Conversations Masterclass,
• 0:10
  Speaker 2: where we encourage people to stop reading other people's success
• 0:13
  Speaker 2: stories and.
• 0:14
  Speaker 1: Start planning their own. Listen up as I interview entrepreneurs.
• 0:18
  Speaker 2: From around the country, talk to celebrities and ask them
• 0:21
  Speaker 2: how they are running their companies, and speak with dog
• 0:24
  Speaker 2: profits who are making a difference in their local communities. Now,
• 0:28
  Speaker 2: sit back and listen as we unlock the secrets to
• 0:30
  Speaker 2: their success on Money Making Conversations Masterclass. Hi, I am
• 0:36
  Speaker 2: Rashan McDonald, our host of weekly Money Making Conversations Masterclass.
• 0:40
  Speaker 1: Show.
• 0:40
  Speaker 2: The interviews and information that this show provides off for everyone.
• 0:44
  Speaker 2: It's time to stop reading other people's success stories and
• 0:47
  Speaker 2: start living your own. If you want to be a
• 0:49
  Speaker 2: guest on my show, please visit our website, Moneymakingconversations dot
• 0:54
  Speaker 2: com and click to be a guest button. My next
• 0:57
  Speaker 2: guest is an award winning finance expert and best selling offer.
• 1:01
  Speaker 2: She's also the CEO and CFO of New Day for
• 1:04
  Speaker 2: You Financial. She is a national leader and business Funding Solutions.
• 1:09
  Speaker 2: Katrina helps women business owners secure up to one hundred
• 1:13
  Speaker 2: thousand dollars in funding in one hundred days or less
• 1:16
  Speaker 2: with same day approval and next day funding. This is
• 1:20
  Speaker 2: the right person to have on money making conversations. Please
• 1:23
  Speaker 2: work with the money Making Conversations masterclass, Katrina fitting.
• 1:27
  Speaker 1: How you doing, Katrina, I am doing wonderful.
• 1:31
  Speaker 3: Nice to be here, Nice to meet you once again.
• 1:35
  Speaker 3: I remember seeing you long years ago on the Steve
• 1:39
  Speaker 3: Harvey Show.
• 1:40
  Speaker 1: That's my man, my man, Steve Harvey.
• 1:43
  Speaker 2: I'm cooking up stuff here, cooking up money ideas and everything.
• 1:46
  Speaker 2: But it's really funny, Katrina. A lot of people still
• 1:49
  Speaker 2: follow me because I bake. A lot of people still
• 1:52
  Speaker 2: follow me because I cook all those good things. And
• 1:55
  Speaker 2: it's been very fortunate to have that kind of a
• 1:57
  Speaker 2: well rounded career. Now money making comesation. Let's start up
• 2:01
  Speaker 2: right here. I get a lot of texts, I get
• 2:04
  Speaker 2: a lot of emails by people talking about they've looked
• 2:07
  Speaker 2: up my credit, They've looked at me on LinkedIn.
• 2:09
  Speaker 1: They can give me.
• 2:10
  Speaker 4: Fifty thousand dollars and give me sixty five thousand dollars.
• 2:13
  Speaker 4: Just give me a call, and what is a scam
• 2:18
  Speaker 4: and what you should be on the lookout. When people
• 2:21
  Speaker 4: start sending these texts, start sending these emails, engaging potential
• 2:26
  Speaker 4: business people who want that big break, who need just
• 2:29
  Speaker 4: a little money to jumpstart their dreams. Talk to us
• 2:33
  Speaker 4: about those emails that I be getting, and I'm sure
• 2:35
  Speaker 4: a lot of people out there get to.
• 2:38
  Speaker 3: Yes, ra Sean, this is a really good question because
• 2:42
  Speaker 3: oftentimes we get hung up on these what ninety second
• 2:47
  Speaker 3: ig takes and you know, these shorts and all of
• 2:50
  Speaker 3: these conversations and our emails are being flooded now because
• 2:55
  Speaker 3: obviously there is funding now that is available for startups
• 3:01
  Speaker 3: and essentially you have to qualify. Oftentimes, when we are
• 3:07
  Speaker 3: seeing this, we're not actually talking about what the requirements are.
• 3:12
  Speaker 3: And so to make it really frank, because this is
• 3:14
  Speaker 3: what I do every day, and that is this, how
• 3:17
  Speaker 3: do you qualify? If you have a six point eighty
• 3:23
  Speaker 3: credit score or higher, you have at least four figures
• 3:30
  Speaker 3: in a credit card already, right, you need to have
• 3:34
  Speaker 3: at least ten thousand credit card already, Okay, and you
• 3:39
  Speaker 3: have a business that has a mission to make money
• 3:46
  Speaker 3: and your risk is low. This is the answer to
• 3:51
  Speaker 3: that question. So what that means is that, yes, if
• 3:55
  Speaker 3: you take the clickbake or you make the call, the
• 3:59
  Speaker 3: first thing thing that's going to happen is that we're
• 4:01
  Speaker 3: going to have a conversation with you first to find
• 4:04
  Speaker 3: out is your money mindset right, because we don't want
• 4:07
  Speaker 3: to be out here racking up the good debt and
• 4:10
  Speaker 3: then you're not gonna be responsible.
• 4:12
  Speaker 5: That's number one, right.
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  Speaker 3: Are you ready to actually execute on the money so
• 4:18
  Speaker 3: that you can get a cash on cash return is
• 4:21
  Speaker 3: what we call it, and so you're able to deploy
• 4:25
  Speaker 3: that money properly to be able to pay the money back.
• 4:28
  Speaker 2: So the bigger picture, though, Katrina, is that these are
• 4:32
  Speaker 2: unknown people contacting you, right, and so that means in
• 4:36
  Speaker 2: order to even go beyond, you got to share information
• 4:40
  Speaker 2: with them that can in turn enable people to scam you.
• 4:46
  Speaker 2: That's the bigger issue here because you get it all
• 4:49
  Speaker 2: the time.
• 4:50
  Speaker 1: I get it from Chase, I get it from America Express.
• 4:53
  Speaker 2: They'll tell you, hey, look you got a credit card here,
• 4:55
  Speaker 2: sign here. But that's a brand that we know is legit.
• 5:00
  Speaker 2: But there's so many companies out there now there's just
• 5:03
  Speaker 2: ramming you, ramming you, ramming your information and bargain opportunities.
• 5:08
  Speaker 1: That scam side is very high.
• 5:10
  Speaker 2: Not so much about the qualifying side, but that scam side,
• 5:14
  Speaker 2: that's the part that I really want to drive home
• 5:16
  Speaker 2: to everybody. Is that really really research? And if there
• 5:21
  Speaker 2: are any websites that they can go to the union please, yes.
• 5:25
  Speaker 3: That is exactly a really good, really good question. And
• 5:28
  Speaker 3: the websites you want to go over to what we
• 5:31
  Speaker 3: call the Business Better BA right, the Business Bureau Right.
• 5:37
  Speaker 3: You want to go over to BBB right, and you
• 5:40
  Speaker 3: want to look up that company right and see what
• 5:43
  Speaker 3: their scores are and see if they have any bad reviews.
• 5:48
  Speaker 3: You want to do your homework, go over to the
• 5:51
  Speaker 3: Google dot com and do their homework and see do
• 5:54
  Speaker 3: they have any testimonials about people saying they're actually getting
• 5:59
  Speaker 3: money right. You can also vet them by asking them
• 6:05
  Speaker 3: who are they working with? So on the behind the
• 6:08
  Speaker 3: scenes as far as New Day for You financial, we
• 6:12
  Speaker 3: work with Chase, we work with American Express, US Bank,
• 6:17
  Speaker 3: all of the banks. We have relationships with these banks
• 6:20
  Speaker 3: and so we're outsourcing for them. And so that's how
• 6:25
  Speaker 3: we know one hundred percent that we're able to get
• 6:29
  Speaker 3: you money if you are qualified. And that's the key.
• 6:33
  Speaker 3: If you are qualified, and you have to make sure
• 6:36
  Speaker 3: that you vet the companies that you want to work
• 6:38
  Speaker 3: with to make sure that they are reputable companies.
• 6:43
  Speaker 2: Let mention you just quaturia, I apologize. What's the minimum
• 6:48
  Speaker 2: somebody that needs to provide to you in order to
• 6:51
  Speaker 2: find out if they're qualified when they come to your
• 6:53
  Speaker 2: company New Day for You Financial Right.
• 6:57
  Speaker 3: So if you go over right now to New Day
• 6:59
  Speaker 3: for You Financial dot Co. We have a pre approval process.
• 7:06
  Speaker 3: It's a soft pool process. We have a relationship with
• 7:10
  Speaker 3: Equifax where we can do a soft pool and we're
• 7:14
  Speaker 3: able to see whether you can qualify or not just
• 7:18
  Speaker 3: by looking at the information that is available. Once we
• 7:21
  Speaker 3: pre qualify you and get you pre approved, the next
• 7:24
  Speaker 3: step is that we're going to have a conversation with
• 7:28
  Speaker 3: you to make sure that you're able to pay the
• 7:30
  Speaker 3: money back.
• 7:31
  Speaker 5: You have a plan for the money.
• 7:33
  Speaker 3: And this is for startups only, obviously, if you're wanted
• 7:37
  Speaker 3: to get you know, some of the six and seven
• 7:40
  Speaker 3: figure We do SBA loans, We do collateral loans with
• 7:44
  Speaker 3: equipment purchase orders. We do loans as well as lines
• 7:50
  Speaker 3: of credit. And so how we're able to do that
• 7:54
  Speaker 3: is because we have the relationships with the bank and
• 7:57
  Speaker 3: they are doing the underwriting for us to be able
• 8:01
  Speaker 3: to make that happen. And so this is the process.
• 8:05
  Speaker 2: Now, let's get their emotions out the way. Here, we're
• 8:08
  Speaker 2: talking about the president of the United States. Let's get
• 8:10
  Speaker 2: their emotion. It's all about money making conversations. It's about business.
• 8:13
  Speaker 5: Let's talk about it.
• 8:14
  Speaker 2: Let's talk about it here, because that's why I'm at
• 8:17
  Speaker 2: I voted the person I voted for.
• 8:20
  Speaker 1: Okay, didn't win. I'm good. I'm good.
• 8:22
  Speaker 2: I'm telling everybody I'm good. But I also have a
• 8:25
  Speaker 2: president who says he's pro entrepreneur, pro small business, or
• 8:32
  Speaker 2: going to upgrade the middle class. Talk about your vision
• 8:37
  Speaker 2: or the opportunities that may be presented in this new administration.
• 8:42
  Speaker 3: Man, I'm telling you well in terms of during the campaign,
• 8:46
  Speaker 3: as you know, there was a lot of discussion about
• 8:49
  Speaker 3: Project twenty twenty five, right right. And so there's two
• 8:53
  Speaker 3: words that I have to say about this upcoming changes
• 8:57
  Speaker 3: and the shifts in this economy that's coming up up
• 9:00
  Speaker 3: in this Trump administration post might and administration.
• 9:04
  Speaker 5: I sum it up in two ways. There's gonna be lots.
• 9:06
  Speaker 3: Of change and a whole lot of less weight in
• 9:10
  Speaker 3: sea because you know, during the campaign they do a
• 9:13
  Speaker 3: lot of talking and you never know what they're really
• 9:16
  Speaker 3: going to do. But what he does have going for
• 9:19
  Speaker 3: him is that he has what both he has to
• 9:23
  Speaker 3: sit it at the house, right, so he has that
• 9:26
  Speaker 3: going for him. And so what I am recommending, at
• 9:30
  Speaker 3: least that's what I'm doing for me and my house,
• 9:32
  Speaker 3: is that I'm saying you need to be prepared, be
• 9:37
  Speaker 3: proactive and strategic planning, and get ready to pivot because
• 9:42
  Speaker 3: you don't know what he's going to actually do. Because
• 9:44
  Speaker 3: there's so many things that he has talked about, especially
• 9:48
  Speaker 3: for the business owner and individuals alike, terrorists, social security,
• 9:53
  Speaker 3: potential pending deportations. I mean, it's a lot going on here.
• 9:57
  Speaker 3: So we just got to wait and see. But there
• 9:59
  Speaker 3: is going to be a lot of change for sure.
• 10:01
  Speaker 2: Well you know, like I said, also no taxo tips, Yeah,
• 10:05
  Speaker 2: no tax no tax on tips. But that's with any administration.
• 10:09
  Speaker 2: They all make big pictures about what they're gonna do,
• 10:12
  Speaker 2: you know. And well, and like I said, it's all
• 10:15
  Speaker 2: a wait and see. And I think I think that
• 10:19
  Speaker 2: when I do my show Money Making Conversations Masterclass, it's
• 10:22
  Speaker 2: all about information and information that can change your life.
• 10:26
  Speaker 2: And that's why you on the show talking about funding SBA.
• 10:30
  Speaker 1: Let's move forward.
• 10:31
  Speaker 2: Because twenty twenty five is a year that you can
• 10:34
  Speaker 2: be your best year if you plan. Now, you said
• 10:37
  Speaker 2: the word I thought was really key, Katrina, strategic.
• 10:41
  Speaker 5: Strategic.
• 10:43
  Speaker 1: Talk to us about that.
• 10:44
  Speaker 3: Come on, it is very strategic. So, for example, strategically,
• 10:49
  Speaker 3: one of just just talk about the tax code, the
• 10:52
  Speaker 3: changes that he wants to make to the tax code,
• 10:55
  Speaker 3: right which you're beneficial for business owners. So one of
• 11:00
  Speaker 3: those things that is very strategic for business owners that
• 11:03
  Speaker 3: he wants to actually do is essentially us being able
• 11:10
  Speaker 3: to go back and have that one hundred percent right
• 11:12
  Speaker 3: off on any equipment, any vehicle, anything that you are
• 11:18
  Speaker 3: using in your business. You can get one hundred percent
• 11:21
  Speaker 3: right off in the first year.
• 11:23
  Speaker 1: Come on, girl, I mean come on, because.
• 11:27
  Speaker 3: Right now it's sixty percent, but it's going back in
• 11:30
  Speaker 3: twenty twenty six, it's going to go up to one
• 11:32
  Speaker 3: hundred percent. Now that thing right there that made me
• 11:35
  Speaker 3: feel real good.
• 11:36
  Speaker 1: That's what I'm saying. What I'm saying is that you
• 11:39
  Speaker 1: can be angry. I got all.
• 11:40
  Speaker 2: You can be emotional, but let's get back to business.
• 11:43
  Speaker 2: I'm teking if they ever brought back those personal credit
• 11:46
  Speaker 2: card deductions.
• 11:47
  Speaker 1: Girl, I don't.
• 11:50
  Speaker 5: And that's the thing.
• 11:50
  Speaker 3: If you buy the equipment or whatever it is that
• 11:54
  Speaker 3: you're trying to do with a card, you can still
• 11:57
  Speaker 3: write it off.
• 11:59
  Speaker 1: That's what I'm saying.
• 12:01
  Speaker 3: This is I mean, I'm just saying there are some
• 12:04
  Speaker 3: you know, there are some things that really is going
• 12:07
  Speaker 3: to be pro business, that's going to be really really good.
• 12:11
  Speaker 5: Now let's talk about some of these other things.
• 12:15
  Speaker 3: Because that's he's going to potentially extend the Tax Cut
• 12:18
  Speaker 3: Jobs Acts. That's where we're getting that one hundred percent
• 12:21
  Speaker 3: expense deduction on R and D expenses, you know, any
• 12:25
  Speaker 3: type of expenses. Right, So that's the excellent thing. But
• 12:29
  Speaker 3: let's talk about this thing. Uh, he's going to be
• 12:36
  Speaker 3: cutting back on these these immigration these you know people.
• 12:42
  Speaker 2: A lot of people who use those surfaces, and so
• 12:46
  Speaker 2: that's we don't know what it is. I don't know
• 12:49
  Speaker 2: how you can deport with leven the thirteen million people exactly.
• 12:54
  Speaker 2: You can create a system where you can stop people
• 12:56
  Speaker 2: from coming in.
• 12:57
  Speaker 5: Yeah, I know that.
• 12:59
  Speaker 1: To me, that was just political talk.
• 13:01
  Speaker 5: Political talk it because it imacts too much.
• 13:05
  Speaker 2: Right, and now I want to turn this into a political show.
• 13:07
  Speaker 2: But I do know, but this is my money making
• 13:09
  Speaker 2: conversations about lifestyles by finances by especially financial literacy. But
• 13:14
  Speaker 2: when you're talking about profit margin, that does make a
• 13:16
  Speaker 2: play if your business is tied to that type of worker,
• 13:21
  Speaker 2: mean an asset to your current current business. Yeah, when
• 13:25
  Speaker 2: we are talking about you though, Katrina, the business model,
• 13:29
  Speaker 2: the business plan. So many people you talked about the
• 13:32
  Speaker 2: credit report, but so many people coming to you with
• 13:35
  Speaker 2: this great idea to Katrina, but they don't have a
• 13:38
  Speaker 2: business plan.
• 13:39
  Speaker 1: Will you tell my audience how you frown on people
• 13:42
  Speaker 1: who walk up to you without a business plan.
• 13:45
  Speaker 3: Oh my god, you just don't even know it is.
• 13:49
  Speaker 3: So many people think that it's free money, right, and
• 13:54
  Speaker 3: you just have an idea pie in the sky. You
• 13:58
  Speaker 3: had a dream last night, and now you want your
• 14:01
  Speaker 3: money to be able to implement.
• 14:03
  Speaker 5: You have to be strategic. You have to put.
• 14:05
  Speaker 3: Together a business plan step by step on what you're
• 14:11
  Speaker 3: going to deploy the money to do. If you do
• 14:14
  Speaker 3: not have a plan on what you're going to do,
• 14:18
  Speaker 3: I call it your money mission. If you don't have
• 14:21
  Speaker 3: a mission for your money and you don't tell your
• 14:24
  Speaker 3: money where to go, guess what you're gonna look up
• 14:26
  Speaker 3: and that money is gonna be gone because you already know.
• 14:29
  Speaker 3: We have oftentimes a propensity to have money in our
• 14:34
  Speaker 3: pocket and it burns and it's hot and you have
• 14:38
  Speaker 3: to get it out of your pocket, right Or you
• 14:40
  Speaker 3: have a pocket, what holds in it?
• 14:42
  Speaker 5: Like my grandmama used to say.
• 14:44
  Speaker 3: But you have to have a plan for your money,
• 14:46
  Speaker 3: or your money will have a plan and you will
• 14:48
  Speaker 3: look up and that money will be gone and you're
• 14:50
  Speaker 3: old at money. And that's where you get the bad
• 14:52
  Speaker 3: rap and the bad credit. It's because you don't have
• 14:55
  Speaker 3: a plan for your money. You have to have a
• 14:57
  Speaker 3: spending plan.
• 14:59
  Speaker 1: That's like you said, ear.
• 15:00
  Speaker 2: You know, when people sit down with you, you want
• 15:02
  Speaker 2: to make sure how they can pay that money back.
• 15:06
  Speaker 6: Please don't go anywhere. We'll be right back with more
• 15:09
  Speaker 6: money Making Conversations Masterclass. Welcome back to the Money Making
• 15:18
  Speaker 6: Conversations Masterclass, hosted by Rashaan McDonald. Money Making Conversations Masterclass
• 15:24
  Speaker 6: continues online at Moneymakingconversations dot com and follow money Making
• 15:29
  Speaker 6: Conversations Masterclass on Facebook, Twitter, and Instagram.
• 15:34
  Speaker 1: Now let's get some let's get even deeper here. Relatives.
• 15:37
  Speaker 2: You know how people treat relatives asking for money versus
• 15:43
  Speaker 2: a bank. And I try to treat and I've learned
• 15:46
  Speaker 2: over the years Katrina, there's a reason why lenders do
• 15:51
  Speaker 2: what they do. And please talk to my audience about
• 15:55
  Speaker 2: when relatives come to them for money. I don't care
• 15:58
  Speaker 2: if it's a small amount of money, large amount of money,
• 16:01
  Speaker 2: how you should treat them.
• 16:04
  Speaker 3: So I have learned how you're supposed to treat relatives, friends, family, neighbors,
• 16:12
  Speaker 3: whomever that comes to you to borrow money. First of all,
• 16:17
  Speaker 3: you want to put in actual stipulations. I'm not gonna
• 16:21
  Speaker 3: say contract, but I'm just gonna say, you want to
• 16:24
  Speaker 3: have a contract or a written agreement, you know, on
• 16:30
  Speaker 3: what are the terms on which you are borrowing this
• 16:34
  Speaker 3: money for? So you say you want to borrow let's
• 16:38
  Speaker 3: just say ten thousand dollars. Okay, that's the amount. So
• 16:43
  Speaker 3: what I'm going to find out on what terms are
• 16:47
  Speaker 3: we going to have this repayment by when?
• 16:51
  Speaker 5: How often?
• 16:51
  Speaker 3: The frequency you're going to pay me, which is your
• 16:54
  Speaker 3: payments plan?
• 16:55
  Speaker 5: By what date?
• 16:57
  Speaker 3: And I'm gonna say this is what if you don't
• 17:00
  Speaker 3: pay me, this is the penalty. You know, I would
• 17:04
  Speaker 3: put some penalties in place on agreements saying if you
• 17:07
  Speaker 3: don't do this, hey, you could say collateral.
• 17:11
  Speaker 1: You know.
• 17:11
  Speaker 3: I'm just saying you know you could say, hey, if
• 17:14
  Speaker 3: you don't.
• 17:16
  Speaker 1: Oh no, that's that's racist. Oh you you the man.
• 17:19
  Speaker 1: Now you trying to hold me back. Okay, you're my cousin,
• 17:23
  Speaker 1: you're my sister.
• 17:25
  Speaker 3: No, if you're a good steward over your money, you
• 17:29
  Speaker 3: have to have some terms in place in order to borrow.
• 17:34
  Speaker 3: If people are gonna borrow money, you got to have
• 17:36
  Speaker 3: some type of terms in place. You can't just give
• 17:38
  Speaker 3: away money because why you're responsible. You've been giving stewardship
• 17:42
  Speaker 3: over what you've been blessed with, and so you can't
• 17:45
  Speaker 3: just give it away because why your money have a
• 17:47
  Speaker 3: mission and you want to be able to what double
• 17:50
  Speaker 3: your money you want? When you put money out, you
• 17:53
  Speaker 3: wanted to come back to you doublefore right, one hundred four.
• 17:57
  Speaker 3: So that's the terms of it, is that you're responsible.
• 17:59
  Speaker 3: And so I always just make an agreement and say this.
• 18:03
  Speaker 3: If I give you money, I'm going to decide is
• 18:05
  Speaker 3: it a gift or is it a loan?
• 18:09
  Speaker 5: I give it to you.
• 18:10
  Speaker 3: I don't expect anything back, there's no streams attached. Are
• 18:15
  Speaker 3: I'm going to put some terms in place in order
• 18:17
  Speaker 3: to make sure that I get my money back and
• 18:20
  Speaker 3: with interest.
• 18:21
  Speaker 2: That's how I do it, I said, I look at
• 18:23
  Speaker 2: a person. I said, look, don't worry about paying me back. Here,
• 18:26
  Speaker 2: here's the money, because I'm not going to track you down.
• 18:28
  Speaker 2: I know exactly who I'm giving money to, because you
• 18:31
  Speaker 2: have to evaluate who you're giving your money to. Now,
• 18:34
  Speaker 2: I've also given money to people who I know I'm
• 18:36
  Speaker 2: going to give the money back. But also I'm giving
• 18:38
  Speaker 2: money to people I go, don't worry about it. I
• 18:40
  Speaker 2: got you. Don't worry about it. It's a gift. I
• 18:42
  Speaker 2: just want to see you be successful. But what I
• 18:45
  Speaker 2: just wanted to state in this conversation I was having
• 18:47
  Speaker 2: with Katrina here was that they are rules to being successful.
• 18:53
  Speaker 2: They are rules to borrow money. They're rules.
• 18:56
  Speaker 1: And there's so many people in the minority community, the
• 18:59
  Speaker 1: community color, and I know it's difficult.
• 19:02
  Speaker 2: I know our skin tone, I know our background may
• 19:06
  Speaker 2: hold us back. But when you're trying to borrow money,
• 19:09
  Speaker 2: there has to be rules. It has to they had
• 19:13
  Speaker 2: just because you want one hundred thousand dollars. If they
• 19:16
  Speaker 2: give you that one hundred thousand dollars and you don't
• 19:18
  Speaker 2: have a business plan, then they are the foods and
• 19:21
  Speaker 2: they will be shut down.
• 19:23
  Speaker 5: There you go one hundred percent.
• 19:24
  Speaker 3: If we have loans that we give out and they
• 19:28
  Speaker 3: become bad loans, that hurts my business. Right, So that's
• 19:32
  Speaker 3: why we vet our clients thoroughly and to make sure
• 19:35
  Speaker 3: that they have a plan in place. We can look
• 19:38
  Speaker 3: at their history to see what was the of they trustworthy?
• 19:42
  Speaker 3: What are their creditibility to other people? Right even with
• 19:45
  Speaker 3: your family, if you have other family members that said, hey,
• 19:49
  Speaker 3: they didn't pay me back, you have another family member
• 19:52
  Speaker 3: they didn't pay me back, So why you're gonna line
• 19:54
  Speaker 3: up to get not paid back?
• 19:55
  Speaker 5: So it's the same thing with the paints.
• 19:57
  Speaker 3: You know, they're gonna look at your credible, your history,
• 20:01
  Speaker 3: your credit profile, what have your history been, and so
• 20:04
  Speaker 3: these other things that I've been seeing out here is
• 20:06
  Speaker 3: that you're saying, hey, business, we're gonna get you business credit.
• 20:10
  Speaker 3: And you think you're gonna get business credit and they're
• 20:12
  Speaker 3: not gonna look at your personal credit profile. Well, they
• 20:15
  Speaker 3: don't have nothing to go by. They're not going to
• 20:17
  Speaker 3: just give you credit if they don't even know what
• 20:20
  Speaker 3: your history is.
• 20:22
  Speaker 2: Oh, I love it, I love it. Katrina. We are
• 20:25
  Speaker 2: doing good girl. Okay, I'm talking to Katrina fitting she's
• 20:28
  Speaker 2: the CEO and CFO of New Day for You Financial. Now,
• 20:32
  Speaker 2: when I opened the show, I want to get back
• 20:34
  Speaker 2: to this, I said, you are a national leader and
• 20:37
  Speaker 2: business funding solutions. Katrina helps women business owners secure one
• 20:43
  Speaker 2: hundred thousand dollars in funding in one hundred days or
• 20:46
  Speaker 2: less with same their approvals and next day funding.
• 20:49
  Speaker 1: Tell us how that works, right?
• 20:52
  Speaker 3: So, for example, my one of my clients, Angeline, she
• 20:56
  Speaker 3: is a she's a tax accountant, she does taxes, she
• 20:59
  Speaker 3: does tax strategy and bookkeeping for her business. She came
• 21:03
  Speaker 3: to me she was like, Katrina, we are in need
• 21:06
  Speaker 3: of doing some rebranding for our business and I want
• 21:10
  Speaker 3: to get a minimum of one hundred k to be
• 21:12
  Speaker 3: able to deploy this to get some additional help and team.
• 21:17
  Speaker 3: And so that's what we did. We did a credit
• 21:21
  Speaker 3: analysis on her. We saw that she had good credibility,
• 21:25
  Speaker 3: she was very trustworthy, she paid her bills on time,
• 21:29
  Speaker 3: and she had a business that was already making revenue.
• 21:32
  Speaker 3: So if we already knew pre approval, we were able
• 21:35
  Speaker 3: to get her the money that she requested. We went
• 21:38
  Speaker 3: through the process of asking her what is your business plan,
• 21:42
  Speaker 3: what are you going to do with it? Once we applied,
• 21:46
  Speaker 3: we went through underwriting. We were able to secure her
• 21:49
  Speaker 3: one hundred and sixty thousand dollars in funding in less
• 21:55
  Speaker 3: than a week.
• 21:56
  Speaker 5: Why because she was already ready, She.
• 22:00
  Speaker 3: Had the revenue, she had the business plan, she already
• 22:05
  Speaker 3: had a business that was already operating. She's been in
• 22:10
  Speaker 3: business for over twenty years, right, so we know that
• 22:14
  Speaker 3: we can get that money to her really quick, right,
• 22:18
  Speaker 3: Versus someone who they have, you know, pretty sketchy credit. Right,
• 22:23
  Speaker 3: they have some challenges there, They've had a lot of
• 22:25
  Speaker 3: late pavements, they have some collections on that.
• 22:29
  Speaker 5: We will tell.
• 22:29
  Speaker 3: Them you need to go to. We have relationships with
• 22:33
  Speaker 3: credit restoration consultancies.
• 22:37
  Speaker 5: We help them. We will refer them to get their credit,
• 22:40
  Speaker 5: you know.
• 22:40
  Speaker 1: Right.
• 22:41
  Speaker 3: Once they get their credit right and they are meeting
• 22:43
  Speaker 3: their requirements over time, we see they have some history
• 22:46
  Speaker 3: where they're starting to pay on time, then yes, we're
• 22:50
  Speaker 3: able to get them some funding as well. But we
• 22:54
  Speaker 3: want to make sure that we're not out here just
• 22:56
  Speaker 3: telling people we're going to give everybody one hundred thousand.
• 22:59
  Speaker 3: We have to pre qualify you first. Once you get
• 23:02
  Speaker 3: past our prequalification and you have a plan and a
• 23:05
  Speaker 3: mission for your money, oh, we can help you all day.
• 23:08
  Speaker 2: I don't know it's right business plan here that business
• 23:10
  Speaker 2: player here, Katrina, she said, business plan and some years
• 23:14
  Speaker 2: in business, don't we're coming up here. You've been in
• 23:17
  Speaker 2: business for six months or year expecting to get a
• 23:20
  Speaker 2: lot of money because we have risk. It's risky, your
• 23:24
  Speaker 2: risk and a lot of people want to hear the
• 23:26
  Speaker 2: word risks when they starting to when you're messing with
• 23:27
  Speaker 2: their dreams though, Katrina, NOWTNA, what are the implications of
• 23:31
  Speaker 2: the ongoing discussions by Social Security benefits for everyday American?
• 23:35
  Speaker 1: What are the implications there? Because I get my check,
• 23:38
  Speaker 1: I don't wonder if I messed.
• 23:40
  Speaker 3: Look, I'm telling you my husband is looking forward to here.
• 23:42
  Speaker 3: So essentially, you know, there's obviously seventy something million Americans
• 23:49
  Speaker 3: who are on Social Security right and they are actually
• 23:54
  Speaker 3: just fixing it. According to a Cola, you know, they
• 23:57
  Speaker 3: are actually fixing to get a increase of two point
• 24:01
  Speaker 3: five percent on their Social Security So that's really good
• 24:04
  Speaker 3: that they're going to give them a you know, it's
• 24:06
  Speaker 3: a cost of living Cola is cost of living. Uh,
• 24:09
  Speaker 3: They're gonna give them a cost of living ring. So
• 24:11
  Speaker 3: everybody would get maybe about fifty dollars per month starting
• 24:15
  Speaker 3: in januaryuber Aria. So that's a good cost of living
• 24:18
  Speaker 3: adjustment that they're going to give them. But what he's
• 24:22
  Speaker 3: proposing our new administration coming in, what he's proposing is
• 24:28
  Speaker 3: there would be no taxes on your income coming in
• 24:34
  Speaker 3: through Social Security.
• 24:35
  Speaker 5: This is what he's proposing.
• 24:37
  Speaker 2: I'm gonna tell you something, I never understood why I'm
• 24:39
  Speaker 2: being taxed. Check's not that big anyway, it's it's the
• 24:42
  Speaker 2: most amazing. Okay, once I'm in retirement, I've worked all
• 24:45
  Speaker 2: my life.
• 24:46
  Speaker 1: That money was supposed to have come out of my
• 24:49
  Speaker 1: work history.
• 24:50
  Speaker 2: Now I get this check and this tax I never
• 24:53
  Speaker 2: understood that.
• 24:54
  Speaker 1: I never understood.
• 24:55
  Speaker 3: Yeah, it's just it's you know, I don't understand it either.
• 24:59
  Speaker 3: But at as you already know, it's all about, you know,
• 25:02
  Speaker 3: getting more money, right as the old folks say, uncle,
• 25:06
  Speaker 3: sound you know they won't they money?
• 25:09
  Speaker 5: Right?
• 25:09
  Speaker 3: But yes, but that's what he is actually proposed in
• 25:12
  Speaker 3: doing that is to allow them not to have to
• 25:16
  Speaker 3: pay taxes on that, which I am very much in
• 25:20
  Speaker 3: agreement with that.
• 25:21
  Speaker 2: Now, with your experience in your background talking to CEO
• 25:25
  Speaker 2: and CFO of New Day for you financial, what are
• 25:28
  Speaker 2: all the services that you guys provide you to go
• 25:30
  Speaker 2: to the website. Can you give us a precursor on
• 25:33
  Speaker 2: what to expect when you go to the website and
• 25:35
  Speaker 2: what's your main purpose is? If there's funding other services
• 25:39
  Speaker 2: that you provide at New Day for you Financial.
• 25:43
  Speaker 3: Yeah, so obviously we are a financial education consulting company
• 25:47
  Speaker 3: as well. So when you go over to New Day
• 25:49
  Speaker 3: FORU Financial dot Co. There we have a whole page
• 25:54
  Speaker 3: of all of the different services that we provide. Like
• 25:57
  Speaker 3: I had mentioned to you earlier, we provide SBA loans.
• 26:02
  Speaker 3: We actually provide equipment loans, Like if you've bought equipment,
• 26:06
  Speaker 3: you can get a loan against your equipment. If you
• 26:09
  Speaker 3: have government contracts and you know, I have a client
• 26:13
  Speaker 3: who's in construction and they her and her husband, they
• 26:17
  Speaker 3: have a business that they do flooring and they do
• 26:20
  Speaker 3: windows for apartment buildings and things of that nature. Well,
• 26:24
  Speaker 3: oftentimes they have these contracts where they have a promise
• 26:27
  Speaker 3: to pay and they have you know, obviously purchase artists
• 26:31
  Speaker 3: that are out there, but the work is not until
• 26:33
  Speaker 3: you know, six months later when they complete it. Well,
• 26:36
  Speaker 3: you can actually get a loan against those purchase orders, right,
• 26:41
  Speaker 3: And the other thing we do we can give you
• 26:43
  Speaker 3: get you lines of credit, which is really wonderful.
• 26:46
  Speaker 5: I love this.
• 26:47
  Speaker 3: It's kind of like a heelock, you know, like you
• 26:48
  Speaker 3: can go get an equity against your home. You can
• 26:53
  Speaker 3: get you know, a line of credit with credit card
• 26:56
  Speaker 3: companies like Chase and American We also do obviously zero
• 27:02
  Speaker 3: percent interest credit card. Now, this is the thing that's
• 27:05
  Speaker 3: hot right now is that literally we are able to
• 27:09
  Speaker 3: qualify you for a zero percent interest credit cards up
• 27:14
  Speaker 3: to eighteen to twenty one months in some cards, and
• 27:18
  Speaker 3: literally if you have a plan, a strategic plan to
• 27:21
  Speaker 3: go take you know, the twenty five grand that American
• 27:25
  Speaker 3: Express gives you on a credit card and you can
• 27:27
  Speaker 3: go put it into something like a business somehow. I'm
• 27:34
  Speaker 3: telling you, if you can turn that money around, you
• 27:37
  Speaker 3: could literally pay no interest on So that is what
• 27:40
  Speaker 3: is really really hot nowadays. And the other thing about it, Rashan,
• 27:44
  Speaker 3: is this you don't even have to show an actual
• 27:52
  Speaker 3: you don't even have to show that how much money
• 27:55
  Speaker 3: you actually make. They're just going by your credit score.
• 27:58
  Speaker 3: And you can get zero percent interest cards. And we
• 28:01
  Speaker 3: have something that we call credit card stacking where we're
• 28:04
  Speaker 3: able to get more from these banks all in one shot.
• 28:09
  Speaker 3: So it's a wonderful thing. I see people get fifty thousand,
• 28:14
  Speaker 3: sixty thousand just in credit cards and if you were
• 28:17
  Speaker 3: able to make that happen with zero percent interest, if
• 28:20
  Speaker 3: you got a plan, I'm telling you you can really
• 28:24
  Speaker 3: be able to do some things. And so that's just
• 28:27
  Speaker 3: a little bit about what we can do for those
• 28:30
  Speaker 3: who come to our website. And all it takes is
• 28:32
  Speaker 3: is clicking the button there to fill out the short application.
• 28:37
  Speaker 3: We don't ask for your social or anything of that nature.
• 28:39
  Speaker 3: We do look at experience doing a soft pool to
• 28:43
  Speaker 3: get you pre qualified. If you decide to move forward
• 28:46
  Speaker 3: with what we preapprove you with, we do ask for
• 28:50
  Speaker 3: an administrative back in once what we call a success fee.
• 28:55
  Speaker 3: If we get you the money, then you pay us.
• 28:58
  Speaker 3: We don't ask for no money until you actually get
• 29:02
  Speaker 3: your money. So that's what we do. And that's the
• 29:04
  Speaker 3: kind of uh, you know, reputation that we have as
• 29:08
  Speaker 3: well as in the the integrity that we have. We say,
• 29:13
  Speaker 3: if you don't get anything, we don't get paid. So
• 29:16
  Speaker 3: that's how good we are.
• 29:17
  Speaker 1: Cool.
• 29:18
  Speaker 2: I'll tell you what, Katrina, this is awesome. I'm gonna
• 29:20
  Speaker 2: bring you back in the first quarter after he settle
• 29:23
  Speaker 2: in yes, making these decisions, we're gonna find out if
• 29:27
  Speaker 2: we get that credit card one hundred percent right off
• 29:31
  Speaker 2: for the expense, we're gonna get no tax on Social Security,
• 29:35
  Speaker 2: We're gonna get no tax on tips. All those things
• 29:39
  Speaker 2: are big win. All those things mean, and that's how
• 29:42
  Speaker 2: you get the economy rolling. See, people don't understand that
• 29:44
  Speaker 2: when you start giving back and don't. If I don't
• 29:47
  Speaker 2: get taxed on my Social Security gets what that's money
• 29:49
  Speaker 2: I won't spend. That's how the economy. That's how the
• 29:52
  Speaker 2: economy rolls. When you have money to spend. If I'm
• 29:55
  Speaker 2: able to write off my business expense at one hundred
• 30:00
  Speaker 2: guess what I'm gonna take that money, I say, and
• 30:02
  Speaker 2: I'm gonna spend it. That's how the economy rolls. If
• 30:05
  Speaker 2: I am a waiter are operating off tips and it's
• 30:09
  Speaker 2: not tax I'm gonna take that money and I'm gonna
• 30:12
  Speaker 2: spend it.
• 30:12
  Speaker 1: That's how the economy rolls. And all people don't.
• 30:15
  Speaker 2: Understand that if you have money, you spend it. I
• 30:18
  Speaker 2: don't care who you are. And that's what we're talking about.
• 30:20
  Speaker 2: Not moving into twenty twenty five. I feel it's gonna
• 30:23
  Speaker 2: be a great year for us all as lung as
• 30:25
  Speaker 2: we understand if you have a business plan and if
• 30:27
  Speaker 2: you know somebody like Katrina fitting and you better have
• 30:31
  Speaker 2: your business plan together. And when you go to the website,
• 30:33
  Speaker 2: as she said, you know new day for you Financial
• 30:37
  Speaker 2: dot co.
• 30:38
  Speaker 1: Yes and click that button. It can change your life.
• 30:41
  Speaker 2: Katrina, thank you for coming on Money Making Conversations Masterclass.
• 30:44
  Speaker 3: I appreciate you, thank you, thank you for having me
• 30:46
  Speaker 3: and look forward to coming back soon.
• 30:49
  Speaker 2: This has been another edition of Money Making Conversation Masterclass
• 30:52
  Speaker 2: posted by me Rashaun McDonald. Thank you to our guests
• 30:56
  Speaker 2: on the show today and thank you. I'll listening to
• 30:58
  Speaker 2: audience now. If you want to listen to any episode
• 31:01
  Speaker 2: I want to be a guest on the show, visit
• 31:03
  Speaker 2: Moneymakingconversations dot com. Our social media handle is Moneymaking Conversation.
• 31:08
  Speaker 2: Join us next week and remember to always leave with
• 31:11
  Speaker 2: your gifts.
• 31:12
  Speaker 1: Keep winning.