I'll have to admit, my moronic students lacking common sense seem to be far and few between these days.
(Yaaahhhhh!  I must be doing something right to separate the winners out while flushing the losers!)  But
just when I think that, guess what?  I get a dope who crawls out of the woodwork who I have to just be
honest and say, "Dude, you're just not cut out to do this...or anything requiring brain cells for that matter!
Give it up while you're ahead, buddy!"

What did this guy say?

He sent me an email in all lower caps with no punctuation, basically telling me that he plans on getting
business credit of upwards of $250,000 for the sole purposes of screwing over the banks by never
paying the money back.

And how he thinks this is an ingenious idea that only he thought of on this entire planet, as if he
discovered fire or something.

As I was complaining out loud about his email, Rose stopped and said, "You know, I have a lot of
people who have been calling the office lately saying the same thing...about how they plan on getting
business credit to get the money then never paying it back."

Wow!  Weird.

One thing I should mention about how and why this plan would never work is simple.  All banks and
lenders now require a personal guarantee so if this is what you plan on doing, you'll also be screwing
up your personal credit too.  And that's not a brilliant idea just for getting $100,000.  After all, this isn't
a lot of money.  Not by a long shot.

Of course, people used to living in a trailer park probably think $100,000 is a huge amount of cash but
in the business world, it ain't nothin'!  And to screw up your entire business future by messing up your
personal credit for 7 to 10 years just isn't worth it.

It seems that some of these people who have such a narrow-minded vision of what the purpose of
business credit is (which apparently is to screw the banks and lenders over) don't really "get" how rich
they can get by using the power of OPM or Other People's Money.

Because if you DON'T screw over the banks and you use that initial $100,000 for, say, a highly
profitable cash flowing property and then you pay that money off, banks will give you EVEN MORE
CASH for your business.  Then you get, say, $200,000 and you do the same thing, injecting it into a
cash flowing property or profitable business endeavor.  You pay the money back.  Before you know it,
not only are you getting a solid cash flow from the property and/or business but the bank is now
throwing EVEN MORE MONEY in your lap

And this mad money cycle keeps going on and on until you are a millionaire, have millions of dollars in
assets, and (most importantly) you're enjoying a monthly cash flow from your passive income properties
and/or your cash flowing business (or, ideally, BOTH)!

All from using somebody else's cash to do all this.

Or...you can do it the tard-o way and that is, take your $100,000, burn through it within a short time,
never pay it back, and be exactly where you are now except bankrupt with no chance of borrowing any
more money ever again (or at least for 7 to 10 years).

And one other thing I'd like to mention while I'm on a rant: some banks (especially mainstream lending
institutions) will pull something called a "historic credit report" which means they will look at ALL
of your credit history from the time you got your first credit card, even if that was 30 years ago.

And yes, they get to see the bankruptcy, the screwing over of the banks, and the whole enchilada!
Even though your bankruptcy may be gone off your credit, there is a really good chance (like about
90%) that they'll reject your new loan or line of credit based on old credit that is long gone off your
credit bureau profile.

So essentially you're screwing yourself over for MORE than a decade.  Maybe even TWO decades
depending on the bank and how awesome you've been able to work your ass off to rebuild that
blemished credit for a decade after screwing it up.

Do you REALLY want to go through all this just for a $100,000 pay out...or less when you could be
using this cash to GET RICH FOREVER instead??  Makes NO SENSE, does it?  Yet that's exactly
how some people (morons) actually think!!

I don't deal with people like this.  As I've said over and over again, you either use this credit for
constructive wealth-building investments and businesses or DON'T DO IT AT ALL!!  I'm not
in the business of teaching people to screw over banks and lenders.

See you at the top!

Your mentor,

Monica Main