Idiot! The 10 mill is collateral if you don't pay back the loan you lose your 10mill
@DSLACA
And yall believed in Akon City 😅
@ShabazztheGreaterTaker
It's okay when they do it, it's a problem when we do it. We don't have that luxury. We can try it, but we are in for major trouble once we do.
Once we learn their game, they change the game. Getting rich within their system is not the same as them being alrwady wealthy in their own system. Do you think they will jusy let you rob them? They give each other permission to do this types of wheeling & dealing. It is not for us.
@desperadopharaoh2361
If you listen to him you mess around and get locked up they won't let you out…😂
@Fashioncheff
Don't listen to that nonsense
@agboladeopeyemi2762
Someone should tell Akon about lifting the veil of incorporation.
@jonanderson4474
Only borrow a third of what you already have and never pay minimum payments pay it off asap.
@thephilosophicalthug
not true at all. if you borrow against that 10 million it will be use to cover the debt. he is leaving out huge parts to this. you can use it to encourage banks to fund your business but it CAN NOT be attached to the business or your person. it has to be in an irrevocable trust fund to protect it. Thanks for coming to my Ted talk. follow for more 💯
@blackgenius84
You can tell he's not American because we know better
@samos266
What the fuck is he talking about if you default on the payment the lender (the bank) can seize your collateral the (10 million) dummy
@-Deshow-
This guy is definitely an idiot 😭
@redstar199
Jay z wasnt lying 50 nor waka
@JalenPrice_252
You got bad credit with 10 million dollars in the bank which means you have to use that money to rebuild your credit by paying off loans and car notes and house payments. So in reality you have to touch that 10 million in the bank.
@MikeLarry37
Rich people NEVER go broke?! Lmao that isn't even close to true.
@TheShawn2880
You can borrow against the 10 million as collateral and if you can pay it back you lose the collateral
@2kxTay
They taking that 10 million lol
@mordokxavier9137
Until they come and seize your assets. A week later
Comments
Which bank tell me bro
Idiot! The 10 mill is collateral if you don't pay back the loan you lose your 10mill
And yall believed in Akon City 😅
It's okay when they do it, it's a problem when we do it. We don't have that luxury. We can try it, but we are in for major trouble once we do.
Once we learn their game, they change the game. Getting rich within their system is not the same as them being alrwady wealthy in their own system. Do you think they will jusy let you rob them? They give each other permission to do this types of wheeling & dealing. It is not for us.
If you listen to him you mess around and get locked up they won't let you out…😂
Don't listen to that nonsense
Someone should tell Akon about lifting the veil of incorporation.
Only borrow a third of what you already have and never pay minimum payments pay it off asap.
not true at all. if you borrow against that 10 million it will be use to cover the debt. he is leaving out huge parts to this. you can use it to encourage banks to fund your business but it CAN NOT be attached to the business or your person. it has to be in an irrevocable trust fund to protect it. Thanks for coming to my Ted talk. follow for more 💯
You can tell he's not American because we know better
What the fuck is he talking about if you default on the payment the lender (the bank) can seize your collateral the (10 million) dummy
This guy is definitely an idiot 😭
Jay z wasnt lying 50 nor waka
You got bad credit with 10 million dollars in the bank which means you have to use that money to rebuild your credit by paying off loans and car notes and house payments. So in reality you have to touch that 10 million in the bank.
Rich people NEVER go broke?! Lmao that isn't even close to true.
You can borrow against the 10 million as collateral and if you can pay it back you lose the collateral
They taking that 10 million lol
Until they come and seize your assets. A week later
Why is he teaching us stupid shit like this?