How James Jiang turned $500 down into $27,000 in a Month

Good Morning,

This is the New Money Talks Newsletter, the newsletter packed with entrepreneurs’ personal stories, real estate investing, financial tips, and more! All in three sections!

It’s almost as packed as Starbucks on sorority rush week… but enough of that, and let's get into the email.

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Who is James Jiang?

• James is a very educated dude and isn’t just getting reposted on TikTokInvestors…

• He is known as the “Credit Goat” and believes credit is everything, especially in the US.

• He currently runs Limitless Credit Solutions, specializing in credit repair and helping people make passive income through e-commerce.

• James currently has 24.2k followers on Instagram and treats it like a community.

Quick Breakdown of Video

• Credit Card Companies sell their unpaid debt to debt collection agencies.

• Debt Collection buys the debt and demands payment from the consumer.

• Debt Collection Agencies use scare tactics to pressure you to pay. Ex. Garnish your Wages.

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How does James Jiang Make Money?

• James was only 18 when he first put down $500 and financed the other $14,500 to get into Vince Del Monte mentorship program. He got four credit cards, putting a couple thousand on each. The investment paid off, netting him $27,000 in his first month.

• James now makes most of his money from Limitless Credit Solutions, but it wasn’t all rainbows and sunshine.

• At the beginning of his journey, he lost 30,000 dollars due to scams, which motivated him to start Limitless Credit Solutions.

• James stated he had helped over 1,000 people build passive income and probably got a piece of the pie om each person he created passive income for.

• He also generates income from his one on one mentorship and the e-books he sells on credit repair.

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What do you Need to Know from Our Interview with James?

The Secret Sauce…

Invest in yourself; your network is your net worth.

You get nothing back for paying cash or using a debit card; credit cards allow you to earn points and build your credit score.

Debt Collection Agencies can’t call you outside the hours of 8:00 AM and 8:00 PM.

Debt Collectors can’t contact your job to try to find you.

When you chase after short-term money, lots of times, you will fail. If you build out something long-term, compounding and scale come into play.

Saving the best for last…

Always give first; Kyle contacted his friend to ask if he could use his credit. He had cash-flow issues due to the merchant holding the payments, so his friend let him use his credit line. The month after, the brand did $1.5 million, and everyone netted $200,000, even the friend letting Kyle use his credit card. It pays to give first!

Have a great day, and see you Wednesday!