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In this episode of Six Minute Saturdays, Paul Faronbi discusses the importance of building business credit and separating personal and business finances. He emphasizes the need to avoid using personal credit cards for business expenses and explains the concept of piercing the veil. Paul also shares insights on getting a business credit card from a credit union and highlights the benefits of establishing business credit.
Watch the IncrediPaul Leadership Podcast: https://youtu.be/R4NE1YA5cms
Takeaways
• Avoid using personal credit cards for business expenses to protect personal assets.
• Separate personal and business finances to minimize the risk of liabilities affecting personal assets.
• Consider getting a business credit card from a credit union for easier setup and fewer requirements.
• Establishing business credit can help protect personal credit and provide borrowing power for the business.
CONTENT CREATION TOOLS I’M CURRENTLY USING
Beehiiv: https://www.beehiiv.com/?via=paul-faronbi
Riverside: https://www.riverside.fm/?via=paul-faronbi
Blue Yeti Mic: https://amzn.to/3LSCKSb
Aluratek 4K webcam: https://amzn.to/3PYMJa8
Wireless lapel mics: https://amzn.to/3PZ84jt
Small Ring Light: https://amzn.to/3FjShaj
Large ring light: https://amzn.to/3FkGtEr
Portable charger: https://amzn.to/46SXMIv
Learn more about me and sign up for the IncrediPaul Community by going to incredipaul.org/community
Need career or leadership coaching? See if I'm the right coach for you by going to www.incredipaul.org/coaching.
Subscribe to my newsletter to become the most incredible version of yourself: https://www.mail.incredipaul.org/subscribe
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Stay connected with all I'm doing https://bio.site/incredipaul
By Paul Faronbi5
1717 ratings
In this episode of Six Minute Saturdays, Paul Faronbi discusses the importance of building business credit and separating personal and business finances. He emphasizes the need to avoid using personal credit cards for business expenses and explains the concept of piercing the veil. Paul also shares insights on getting a business credit card from a credit union and highlights the benefits of establishing business credit.
Watch the IncrediPaul Leadership Podcast: https://youtu.be/R4NE1YA5cms
Takeaways
• Avoid using personal credit cards for business expenses to protect personal assets.
• Separate personal and business finances to minimize the risk of liabilities affecting personal assets.
• Consider getting a business credit card from a credit union for easier setup and fewer requirements.
• Establishing business credit can help protect personal credit and provide borrowing power for the business.
CONTENT CREATION TOOLS I’M CURRENTLY USING
Beehiiv: https://www.beehiiv.com/?via=paul-faronbi
Riverside: https://www.riverside.fm/?via=paul-faronbi
Blue Yeti Mic: https://amzn.to/3LSCKSb
Aluratek 4K webcam: https://amzn.to/3PYMJa8
Wireless lapel mics: https://amzn.to/3PZ84jt
Small Ring Light: https://amzn.to/3FjShaj
Large ring light: https://amzn.to/3FkGtEr
Portable charger: https://amzn.to/46SXMIv
Learn more about me and sign up for the IncrediPaul Community by going to incredipaul.org/community
Need career or leadership coaching? See if I'm the right coach for you by going to www.incredipaul.org/coaching.
Subscribe to my newsletter to become the most incredible version of yourself: https://www.mail.incredipaul.org/subscribe
Pick up IncrediPaul merch and stay connected on all things IncrediPaul by checking out my website: incredipaul.org/shop
Follow me on Socials https://www.threads.net/@imincredipaul, https://twitter.com/imincredipaul, https://www.instagram.com/imincredipaul/, https://www.linkedin.com/company/incredipaul-home
Stay connected with all I'm doing https://bio.site/incredipaul