I love David’s humbleness, humility, and willingness to learn. Even with his level of success he show’s there’s always more to learn. David is a sponge and so am I 📝
This!!! I love listening to Social Proof bc he asks allllll the real questions. Other podcast have this thing where it feels like they don’t seem to be interested in what they’re are talking about. They’re just there to be there.
Everything about Herman gave me *rich*, the skin, the knowledge, and his pockets loll. "No, No, No, banks are mainly used for transactional purposes, not to store money", I loved the way he said that.
Every time I listen to Herm, he sounds smarter! If you are taking note, he has literally changed the perspective towards money. This man taught me how to get $ period! I have successful ecom & real estate businesses because of him. I AM A RECEIPT. This man is not only the 🐐, he is the BLUEPRINT! Keep your foot on they neck Herm💪🏾
Man I love how you ask all the questions that most people are too afraid to ask. I like how you pull the information out of the guest like a novice because you allowing them to simplify the gems so everyone can understand!
I'm adding this episode to my top 5. I started feeling sick while watching because of all the info I should have had years ago. I can't believe I learned so much in 1 hour. Crazy!!!!!!
One of the best episodes, hands down. So much wisdom. Make wise investments, leveraging is key. Business credit and infinite banking is definitely great tools!!
The best information, I am going to play this every Monday and use this as a blue print and record my process. I’m only 25 minutes in and I wrote the list of all of the business I want to create.
This is by far the best podcast for learning business. Your style of interviewing and asking REAL honest questions that WE the audience really want to know provokes such VALUABLE information. THANK YOU! 💯
Seriously im loveing the wave I learned alot of these techniques on my on! Teaching financial literacy will keep alot of us out of the penitentiary! Seriously! You brother’s are giving black colleges a run for their money!
Question! Ok I get not using high risk industry names in your business name but when it comes to the NAICS code what code do you use..if I’m doing trucking ok cool don’t put trucking in the name but doesn’t the NAICS code tells what I do??
yo man i have hesitated so many times to comment i really love what you do for the culture and all of the people you speak with i have learned more on your channel than in a lead position at any job so dope lets go kings just registered with my secretary of state
My poplar opinion: Excellent interview. He touched on so many topics in a short time frame making everything understandable. Provided enough information to start researching the topics. Loved it.
@@RealSocialProof Realizing we have such a fear of debt. Always have seen horrible situations with debt and not examples of positive debt. But is debt ever positive in theory?!
@@laconcry Yes, imo it can be. When the borrower has decent amount of liquidity and can potentially make money off of the leverage they are utilizing. For instance you borrow $ at 5% but your earnings on that borrowed money makes a return of greater than 5%, say 8%. At this point you have that 3% as profit.
If you buy a suv in your business name over a certain weight(A range rover) its almost a free vehicle with tax benefits with the 400k I would refinance current property and put down 400k on the largest apartment building(or use business credit if available) improve the value then refinance apartment building sell in 5 years if you understand cap rate etc 500k in business credit to rehab apartment building can 5x the value with increased rents the value goes up something he didnt mention as you use the business credit you can always get increases you may start with 25k in no time it can be 100k great as usual!!!!!!!!!!!!!!!!!
@@RealSocialProof yea this is something me and my business partner have been discussing for the past weeks … (credit / whole life insurance/ trucking/ real estate).. and his knowledge on ducking paying taxes and credit is crazyyyyyy
U love this show!! I wish Dave would listen because I would 😂 Dave I feel you. Your journey is special because you’re real about it. We learn from your questions and experience.
There are some mind bending gems 💎 in this episode. Especially when Herman was explaining how to structure the real-estate re-fi deal and save his liquid bread for something that will make more bread. 🎯
@ 47 min. THANK YOU SIR. >>to help our people.... it ain't always about money. You just have value to other people besides your self by putting them on to having great experiences. If the travel agency get a bag, who cares. They blessing the people too.
Amazing conversation💪🏿💪🏿 I own a trucking company as well and starting my real estate investing journey.. This was very informative and inspiring!! Keep Going!!
Best info out there the education related here was off the charts, your guest is the real thing and bless him and you for having this platform to help others open their minds. Thank you, though I'm a bit late to this podcast but worth the wait.
@@RealSocialProof 1. Paying taxes is ghetto. Lol 2. Let the trust run all the LLC's. 3. If I have good personal credit, acquiring business credit won't be that hard (I raised my score from no score to a 729 in 10 months all by myself. 15 accounts). 4. Cash is supposed to flow, like a current, and not stay static in a bank account etc. 5. Open an insurance account. Load the money upfront. Accrue interest. Borrow against the account to invest in more profit generating ventures. 6. You can't pay taxes on profits that you then use to invest into other streams of income. Very valuable information for operating in the matrix. 👁️
Alot of takeaways... Structure,ie-foundation,everything should be built on one. Another way of saying that,"do what you gotta do so you can do what you wanna do"😉 Stacking...credit/lines of credit,multiple banks(credit unions are your friends) same day. Etc etc etc.. Really good sit down bro💪🏾 Keep bringing it. S/N it was interesting when he was trying to bend your thinking about paying cash,but rather using your cash to create more cash. #MoneyAlwaysMoving #CPA'Salute
Excellent episode. Thank you David, Herman and the social proof team! great breakdown of ideas and what can happen if you execute on your dreams. Thank you for this 1🙏🏽😎
This is has been one of my favorite episodes thus far!!! Definitely have been looking into trusts for my kids. Now I am for sure going to talk to my CPA about this. And everything with the business credit and taxes etcetera, was on point. You gotta know the rules of the game to play it!!! My favorite new saying “Paying taxes is ghetto!” Lol
@Social Proof (David) you are the real MVP, thanks for looking out for your audience, even when he didn't want to share certain info 😁. I will be listening again. Great episode as usual!🔥
I love David’s humbleness, humility, and willingness to learn. Even with his level of success he show’s there’s always more to learn. David is a sponge and so am I 📝
This!!! I love listening to Social Proof bc he asks allllll the real questions. Other podcast have this thing where it feels like they don’t seem to be interested in what they’re are talking about. They’re just there to be there.
Aww! Thank you fam! I always strive to be better by learning from others! Thanks for watching. 🤗
Just being real and raw. 💯
Facts
I believe this is what makes this podcast so special
this knowledge feels illegal to know I can't express how grateful I am for this video; I WATCH IT ALL THE TIME.
“Own nothing, control everything” 🙌🏾🙌🏾🙌🏾
🔥🔥🔥
Very True cash is king Credit is Queen the Queen is Queening Move Around 💕💕🤑
@@MoneyMimi cashflow is king
Great show
Everything about Herman gave me *rich*, the skin, the knowledge, and his pockets loll. "No, No, No, banks are mainly used for transactional purposes, not to store money", I loved the way he said that.
That was the truth we need to know! 🔥💯
Absolutely. That’s what we teach every day.
Every time I listen to Herm, he sounds smarter! If you are taking note, he has literally changed the perspective towards money. This man taught me how to get $ period! I have successful ecom & real estate businesses because of him. I AM A RECEIPT. This man is not only the 🐐, he is the BLUEPRINT! Keep your foot on they neck Herm💪🏾
I love how he explained everything with ease. Proof that he knows what he's saying. 🙌🏾
Did you get audited
Man I love how you ask all the questions that most people are too afraid to ask. I like how you pull the information out of the guest like a novice because you allowing them to simplify the gems so everyone can understand!
I got y'all folks! 😉
@schukerD Oh really? Where? whats their name please thanks
@schukerD I think I heard of them before. Thanks I appreciate it
This a whole financial seminar for the free. I truly appreciate this channel and podcast. The game is here. We jus gotta listen
We appreciate you as well!! Thanks for tuning in. 💪🏾
I watched Herman speak live. He's an absolute master of leveraging credit.
I felt that!
I'm adding this episode to my top 5. I started feeling sick while watching because of all the info I should have had years ago. I can't believe I learned so much in 1 hour. Crazy!!!!!!
Glad that you find this helpful. What are the things you'll change from now on that you're used doing after you watched this interview?
I totally agree, this information was so necessary
I need this guy and his accountant. I wish my accountant was like yours
One of the best episodes, hands down. So much wisdom. Make wise investments, leveraging is key. Business credit and infinite banking is definitely great tools!!
The best information, I am going to play this every Monday and use this as a blue print and record my process. I’m only 25 minutes in and I wrote the list of all of the business I want to create.
@@porshaisqueenpodcast
Exactly. Replay..
Have you been following his advices?
@@RealSocialProof
Yes. Learning something new everyday is priority ✌🏽
So many gems dropped in 60 minutes!! Thanks to the both of you!! Knowledge is power!!
This is by far the best podcast for learning business. Your style of interviewing and asking REAL honest questions that WE the audience really want to know provokes such VALUABLE information. THANK YOU! 💯
Thank you for the kind words. I appreciate ya!
Finally a video that actually gives you information nothing but gems
I appreciate you watching this episode. What was your takeaway on this session?
Fixing your personal credit is vital to biz credit so thats step one then the rest is just following the recipe
Incredibly fruitful conversation! So much wisdom !! Thank you 🙏🏾
"When did you get dissatisfied with $50,000?"........"When I made 100." Biggest fact of life.
The entirety of this!!
Well said!!
Mannnnn!!!
The bar just continues to be raised and that is why this is my favorite podcast in the world right now. Keep up the amazing work!
Glad you enjoy it!
Thanks!
I love this man’s podcast. Pure genius. ❤
I love how you answer every question with a question and then ask more questions.
This has been the best & most productive thing. I’ve seen on UA-cam all year and then some
"actually I think jay z said that" got me rolling 😂 Great information Y'all just Contributed to a Billion $ Thank y'all 🙏
Appreciate ya bro!
Seriously im loveing the wave I learned alot of these techniques on my on! Teaching financial literacy will keep alot of us out of the penitentiary! Seriously! You brother’s are giving black colleges a run for their money!
Herman is the GOAT!! Learned so much from him and the credit game is really where it’s at🔥🔥🔥
I agree! Wish I could have him back so I can ask him some of the viewer's questions.
Question! Ok I get not using high risk industry names in your business name but when it comes to the NAICS code what code do you use..if I’m doing trucking ok cool don’t put trucking in the name but doesn’t the NAICS code tells what I do??
Great podcast, great information, great wisdom & knowledge. Thankful for you both, appreciate & respect to y'all.
Ayee, thanks, Zenon! 💪🏾🙌🏾
Love love loved this!!! You have a beautiful gift of drawing people out and I'm educated every time I watch! Loved this whole conversation
Glad that we are able to help! 🔥
Some gems in this piece🔥🔥🔥thx you guys
Sheeesshhh 🔥 Thanks for watching fam!
This is one of the first videos that I started sending out like wild fire! Everybody needs to see this
Share this post to someone who needs to see this ‼️
yo man i have hesitated so many times to comment i really love what you do for the culture and all of the people you speak with i have learned more on your channel than in a lead position at any job so dope lets go kings just registered with my secretary of state
Glad to hear that! Thank you so much for the kind words, appreciate that!
My Haitian brother. Thanks always for dropping knowledge on us guys.
We're glad to have him on the show!
I come back to this episode and rewatch monthly to pick up new gems
So many gems!! 🙌🏾 Better be ready w your pen and paper.
My poplar opinion: Excellent interview. He touched on so many topics in a short time frame making everything understandable. Provided enough information to start researching the topics. Loved it.
We agree! Relaying of info was so smooth.
You don’t pay capital gain taxes on money you make and reinvest in . Who told you that? 😂 I love this. We all learn so much. 💕💕
I know right!! 🤣 So much learnings on this episode. What are the lessons that stuck with you on this session? 💯✨
@@RealSocialProof Realizing we have such a fear of debt. Always have seen horrible situations with debt and not examples of positive debt. But is debt ever positive in theory?!
@@laconcry Yes, imo it can be. When the borrower has decent amount of liquidity and can potentially make money off of the leverage they are utilizing. For instance you borrow $ at 5% but your earnings on that borrowed money makes a return of greater than 5%, say 8%.
At this point you have that 3% as profit.
@@drdetroit5963 absolutely I agree!
Such a smart way to engage in this conversation . Act like a novice to the information and engage in questions. Wow!
You have that Philly energy in the building! This will be a classic cause success has receipts! S/O to Herm & Kev!🏆🍾
We still have that energy 🔥🔥🔥
Tried giving my 12 yr old cash he said don’t nobody want no cash this the future cash app me
I literally have my notebook and pen ready for EVERY episode! Thank you for this
Yay!!! Let's go 🔥🔥
Brotha Shands Brotha Shands!! I genuinely appreciate this platform. Thank you ✊🏿😁
Thank you fam! I appreciate you too!
Credit has allowed me to pay for marketing for my e-books and Amazon books
Credit is king!
How is the marketing going for the books?
If you buy a suv in your business name over a certain weight(A range rover) its almost a free vehicle with tax benefits with the 400k I would refinance current property and put down 400k on the largest apartment building(or use business credit if available) improve the value then refinance apartment building sell in 5 years if you understand cap rate etc 500k in business credit to rehab apartment building can 5x the value with increased rents the value goes up something he didnt mention as you use the business credit you can always get increases you may start with 25k in no time it can be 100k great as usual!!!!!!!!!!!!!!!!!
Why have I never heard of this podcast!? Very life changing video here. New Sub. Great 💎s here. Much love from Hawaii
Welcome to the family! Feel free to browse some of the episodes. 🙏🏽
Bruh bring dude back . This was an awesome video I’m learning just from this incredible information 🤓
Do you like to drop your questions here so I can ask once we invite him over again? Let us know!
I appreciated all the gems dropped here. I am writing and implementing
Thank you for watching! What value did you get from this episode?
Best interview I’ve seen here in awhile 🙏🏾
Ayyyeeee! Thank you. The topic is so relevant these days. Do you agree?
@@RealSocialProof yea this is something me and my business partner have been discussing for the past weeks … (credit / whole life insurance/ trucking/ real estate).. and his knowledge on ducking paying taxes and credit is crazyyyyyy
Transparent , No Fluff, Spoke on past mistakes . Dude is 💯
I just thought the same thing. 🔥
This is SO GOOD! And I love Dave and his incredulity, lol. He draws out so much more valuable information from his guests.
Yaaay!! I appreciate you. Happy to hear this.
Spot on. He definitely draws it out. I was just thinking this while watching. It helps keep a good pace so u dont get lost👍🏽
U love this show!! I wish Dave would listen because I would 😂 Dave I feel you. Your journey is special because you’re real about it. We learn from your questions and experience.
Thank you so much! It means a lot to me. 🔥
Dave, thank you for asking clarifying simple questions cause…the fast talkers always make me 👀 👀👀👀👀
😂😂😂 i got you!
There are some mind bending gems 💎 in this episode. Especially when Herman was explaining how to structure the real-estate re-fi deal and save his liquid bread for something that will make more bread. 🎯
That's a great strategy that I haven't think of. 💯
@ 47 min. THANK YOU SIR. >>to help our people.... it ain't always about money. You just have value to other people besides your self by putting them on to having great experiences. If the travel agency get a bag, who cares. They blessing the people too.
Always fam! 💯
Amazing conversation💪🏿💪🏿 I own a trucking company as well and starting my real estate investing journey.. This was very informative and inspiring!! Keep Going!!
My brother! This platform is KING VIBEZ! Thank you bredrin!
💯💯💯
You are truly the mvp for giving us this information
That's always the goal. Thanks for inspiring me to do more contents.
27:22 can you ask for invoice and does that count receipts
Herman is a powerful teacher 🐐 🐐
He is! Learned a lot from him. 🔥 What was the biggest lesson you got from this episode? Let us know!
Best info out there the education related here was off the charts, your guest is the real thing and bless him and you for having this platform to help others open their minds. Thank you, though I'm a bit late to this podcast but worth the wait.
Aww thanks a lot! Glad you loved this episode. 🙌🏾
He said at the 37:21 mark. Get those inquires off and do it again. How do you get them inquiries off?
All professionals don't know everything. That's what makes them valuable to the client is what they know....the more ya know etc...
This is the best social proof yet this is number one and Alex good energy is number two
We're glad you liked it. Thanks for watching! 🙌🏾
Always have great interviews. Especially by demanding that each step is thoughtful and thoroughly explained. Genius bru💪🏾💯💯
More to come! What value did you get from this episode?
This episode is 🔥🔥🔥🔥🔥🔥 Thank you.
Thank you! What value did you get from this episode? 🔥🙌🏾
@@RealSocialProof 1. Paying taxes is ghetto. Lol 2. Let the trust run all the LLC's. 3. If I have good personal credit, acquiring business credit won't be that hard (I raised my score from no score to a 729 in 10 months all by myself. 15 accounts). 4. Cash is supposed to flow, like a current, and not stay static in a bank account etc. 5. Open an insurance account. Load the money upfront. Accrue interest. Borrow against the account to invest in more profit generating ventures. 6. You can't pay taxes on profits that you then use to invest into other streams of income. Very valuable information for operating in the matrix. 👁️
Paying taxes is ghetto Lord I’m done but love it !!!
Valuable valuable Content, much appreciated Fellas!!!
Anytime! Thanks for tuning in fam. 💯
Definitely mind bending. Need to make this money work for me
That's the goal! ✨
This show is so cool man love it , I like when you say “ walk me through the process” facts lmaoo
I'm learning 🤣🤣🤣
This video is gold. Literally showing us how to get thousands of dollars of capital by credit!
Loads of gems! ‼️‼️‼️
Best interview yet ! I love it. Nothing but Gems ! Thanks for asking the right questions.
Our pleasure!
Less than 10 minutes in watching this … 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
What more for a 1 hour interview sesh 🔥🔥
Wow this helped a lot fr ! Thank you so much 🙏🏼🙏🏼
Glad it helped!
The host is right its always better to be debt free
Absolutely appreciate this conversation Gents💯
Thank you! What value did you get from this episode?
Alot of takeaways... Structure,ie-foundation,everything should be built on one. Another way of saying that,"do what you gotta do so you can do what you wanna do"😉
Stacking...credit/lines of credit,multiple banks(credit unions are your friends) same day.
Etc etc etc.. Really good sit down bro💪🏾
Keep bringing it.
S/N it was interesting when he was trying to bend your thinking about paying cash,but rather using your cash to create more cash. #MoneyAlwaysMoving #CPA'Salute
Another episode with straight gems. Appreciate you both 💎🏅
Thanks for tuning in! What lesson did you get from this episode?
This was great!! Brother asking questions and get real FEEDBACK for growth with no ego🔥💯👑🙏
Most definitely!
I remember watching this working in a warehouse. Social proof changed my mindset for life
I'm always thankful reading comments like this. Thanks a lot! 🙌🏾
Love this! Herman is legit !!
We're glad to have him on the show. Have you been following him?
@@RealSocialProof yes I have
I'm 13m in and have learned and been exposed to more understanding knowledge than over 50 " wealth guru" videos. Unreal.
Excellent episode. Thank you David, Herman and the social proof team! great breakdown of ideas and what can happen if you execute on your dreams. Thank you for this 1🙏🏽😎
You're welcome. We appreciate you watching this episode!
This is has been one of my favorite episodes thus far!!! Definitely have been looking into trusts for my kids. Now I am for sure going to talk to my CPA about this. And everything with the business credit and taxes etcetera, was on point. You gotta know the rules of the game to play it!!! My favorite new saying “Paying taxes is ghetto!” Lol
Me too! Not only I'm producing contents for y'all but I'm also learning from my guests, and this one is 💣💣💣
I'm so thankful I found you guys. This information is so informative and is giving me insight into financial areas I was illiterate in.
Thank you fam! We're happy we helped you in our little ways. 🙌🏾
If the LLC’a are blank for whatever u decided what for, what is the business category when ur making the LLC, business consulting?
Because of the real estate category being high risk*
GREAT EPISODE!!
Thank you for watching! What was your favorite part in today's episode?
Thanks so much for all the insights💎💎💎Love you Dorito Dave 🔥🔥🔥
Always 🔥 Thank you as well for watching.
Good stuff keep teaching yall really open up my mind in business credit and how to use knowledge for change.
We appreciate him sharing his knowledge on the podcast! 👏🏾
I dig this. This is real ninja financial literacy
Exactly!!! 🔥🔥
Say if you own a business in another state can you go to your credit union local to you to get funded for a business in another state?
Dropping knowledge 🔥🔥🔥
Glad you enjoyed the podcast! Thanks for tuning in.
I love social proof, it’s REAL & RAW 😄🙌🏽
Thank you and we appreciate you! 🔥
Dave, pay it off! Cash is king. Love your show
🔥🔥🔥
Yo this giy is the best he ask questions Im thinking like how much you got like how much credit????🤔 They gotta come thru the stall game be real
Aww thank you!! 💯💯
@Social Proof (David) you are the real MVP, thanks for looking out for your audience, even when he didn't want to share certain info 😁. I will be listening again. Great episode as usual!🔥
Always. Thank you fam! 🔥
This video just blew my mind!!! 💎
I'm glad you're enjoying the podcast! What value did you get from this episode? 🔥🙌🏾
I love the part about life insurance, although I am a life Insurance salesman
Yep! There's really more to learn even if we're already at it. Kudos to you!
Is there a limit on the number of LLCs you can open per year?
On my way to Herms door! Instant classic 🔥🔥
Let's go!!!
Excellent Financial Seminar!!
We Got to Take Action!!
Hey do I have to pay 2500 with duns numbers to get business credit going faster
The guest is on ANOTHER LEVEL.....@ASTRONAUT STATUS
What are the lessons that stuck with you on this session? 💯✨
Thank you for this podcast Sir.
Anytime! Thanks for tuning in!
This episode is 🔥🔥🔥🔥🔥💪🏾💪🏾. I got to sign up for the morning calls !!
Most definitely! Thank you.
really dope podcast. really love both of your personalities.
Appreciate it!