Wanna learn how to make that money like Donald Trump? If you don’t want to read it, you can watch this video.
(This video script references The Wall Street Journal article, How Donald Trump’s Web of LLCs Obscures His Business Interests, published on December 8, 2016. Authors: Jean Eaglesham, Mark Maremont, Lisa Schwartz)
Today we’re going to talk about Fat Cat secrets and how LLCs make you bank with a real-life example: Donald Trump
First, before you get all excited about LLCs, it is important to realize that if you have no money or no assets and you’re not planning on getting money or assets, using LLCs won’t help you.
An LLC is like a hammer. A hammer isn’t really good without a wall or a nail. You’ve got to have the appropriate tools for this stuff to work.
For those of you who need help putting this all together – I’ve got an offer. The 27 Business Course package that includes Fat Cat Secrets and how LLCs make bank. The offer is under the video, plus a lot of other stuff to get you going. Start this weekend. Start immediately.
This article is about how Donald Trump’s web of LLCs obscures his business interests. You can check out this article with your iPhone for free if you have one. Scroll to the News section and you can read Wall Street Journal articles every day for free.
Using LLCs is what I’ve been talking about for years.
This is what I think is going to happen with Trump. He’s going to continue running his businesses and that’s why his daughter and son-in-law are moving to Washington DC. The conflict of interests is already starting.
There was an article about how Trump Tower security will cost the country millions now. Here’s the article…. Secret Service Advertised as new amenity at Trump Tower. Is that even legal? The conflicts of interest are obvious.
The article points out that the lack of transparency of his business holdings makes it impossible to determine potential conflicts he faces as president of the United States.
He might get impeached over this. People say that will never happen, and this is why. Donald Trump is Donald Trump. He won the election his way, and he’s going to continue to do things his way. He’s 70 years old. You think he’s going to change? I don’t think so.
Let’s move down the article to this section about how Donald uses LLCs to own his aircraft. This is “Big Boy” LLC business “sleight of hand.” That’s what it is. This is a snapshot of what you can do once you get your money right. This shows how you can earn millions of dollars and not pay federal taxes legally.
He’s got two helicopters. He’s got a 757. He’s got a Cessna. Essentially, he has companies that have properties that are leasing to companies that he owns. It’s a beautiful thing. This is America folks. This is what you can do in America.
So, essentially, he owns a company that leases a property that he owns to his company, that takes deductions and makes money off his companies that he actually owns or controls.
It’s like if you pull a dollar out of your left pocket and put that dollar in your right pocket. It’s the same pair of pants, but it’s a different pocket. This is what is going on.
Here’s the thing. This isn’t all of it. This is what they’ve found.
This thing started before he was born with Fred Trump.
A lot of people want to do Delaware LLCs. If you are a “Big Boy” company and you’ve got a lot of stuff going on, that’s fine. If you’re trying to start a brand-new company and you have no assets and no money and you want to go operate in another state, it’s complicated. The bank is going to say that you are incorporated in Delaware, so you need to go to Delaware to open a bank account. This could be beneficial for some businesses.
If you want a bank account that is local, they’re going to ask you to register with your state as a foreign entity. All of these shenanigans don’t work because you don’t have the material to do it.
Here’s the skinny on Trump. Say Trump has one percent in a company and his kids have 99 percent. Who do you think is running things? It isn’t the kids. He’s running it. He controls it and benefits from it.
Let me be clear. If you’re not making decent money, this means nothing to you. If you’re forming LLCs without having money or assets to shield, you are pretty much wasting your money.
President Trump should be the CEO of America. He should not be running any other corporation. This guy’s going to try and do both. What I think is going to happen is either he’s going to crash and burn and get impeached or he’s going to wise up and give full control of his company to his kid. This is Donald Trump. He is who he is. This stuff is crazy.
Preservation of capital is the number one path to get rich.
Let’s talk about some other stuff. Let’s talk about what’s going on. If you’re making over $250K the next four years, they are not going to fuck with you at all. You can save money and make money. For those of you earning under $100K, your money is going to be impacted and these are the ways.
Medicare benefits are about to be cut like a Motherfucker. This is coming. Look at the historical cycle of what Republicans do. What Democrats do is make a lot of people promises and put all of these social programs together. Then, the Republicans go back and cut all that shit. A lot of people get hurt, which causes a lot of new voters to come out for the next election.
In this last election, nearly 12 million people that voted in the last election did not come out.
After this cycle of Republicans, they’re going to come out again, because they’re going to be hurt. Even if you’re not directly hurt, your parents are going to be hurt if they need benefits. People who need Medicare are going to be hurt.
A lot of mess is going to go down for people who don’t have resources. This is why you need to go ahead and put this stuff together. Get yourself setup. Get yourself a business.
For those of you who want to start businesses, right here is the 27-course big deal. It’s going to include Fat Cat Secrets and some other stuff. It’s $1500, just to let you know.
Why is it so much?
When you go and make $200K to $300K from that information, the course is dirt cheap, right? The more people pay, the better they perform.
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