12/31/2023
Long Post Alert:
Some time ago, I tried to purchase a building for 50k in North Charleston. I didnāt have all the 50k at the time, but I had the income, the credit, and a 401k.
Low and behold, I got DENIED and couldnāt figure out why, so I asked my ex-husband to co-sign for me. He said NO. I asked him to give me 1/2 the money to buy it, he said NO.
I cried. I really wanted that property. Although I had āinvestorsā I could have gone to, I chose not toā¦ out of respect.
So I said f**k it.
Today, this property is worth over 1 million dollars. And the way I see these banks denying MINORITIES is mind blowing! Here comes a BLACK WOMAN trying to purchase commercial property, NAH, weāll deny her now and save it for our own.
I learned 2 valuable lessons:
1. Never ever be with a man (or woman) who wonāt help to make you better, especially when your striving to be better for your family.
- Im a builder, he wasnāt.
2. Educate yourself before making large purchases. Idc if your buying a car, a home, or starting a business.
-knowledge is power.
Thatās when I started learning more than credit. I started learning about the trucking industry, podcasting, air bnbs, business credit, mortgage brokering, the auto industry, etc.
It was then when I became more knowledgeable and learned all I had to do to close on that building was to take my student loans out of deferment.
That mortgage broker chose not to tell me this. It was just that simple.
For 2024, be an ASSET not a liability in your partners life. Stop trying to be the smartest person in the room. Be with people who donāt mind sharing their knowledge and wisdom and apply it to life. Even if you think it donāt apply to you, teach someone else.
Iām far ahead of the game, and Iāll never stop til my time is up. šš¾šš¾šŖš¾
