How to Start a Money Lending Business Legally | Profit $1459 a Month

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  • เผยแพร่เมื่อ 23 พ.ย. 2024

ความคิดเห็น • 372

  • @karrieemdixonjr9104
    @karrieemdixonjr9104 4 ปีที่แล้ว +166

    I restarted my Cash loan business 10 months ago with 200 dollars to lend out and 100 to servive of for a month.
    I made 4,200 this month.

    • @sethrenshaw6095
      @sethrenshaw6095 4 ปีที่แล้ว +15

      what kind of interest were u charging?

    • @texanboiii562
      @texanboiii562 4 ปีที่แล้ว +1

      How’s it going now?

    • @henrylang7748
      @henrylang7748 4 ปีที่แล้ว

      I need help

    • @Shaheen-e-Jinnah
      @Shaheen-e-Jinnah 4 ปีที่แล้ว

      I am loooking help for the whole process if you can recommend who helps to get lisence
      Farm51.org that’s what I am doing thanks for your video
      This makes my life little easier
      Thanks my brother God bless u

    • @achiejoseph2680
      @achiejoseph2680 4 ปีที่แล้ว +4

      Can I get $900 loan from anyone on here?

  • @kezonmcneill
    @kezonmcneill 4 ปีที่แล้ว +86

    I started with $5000 as leverage and used the banks money to lend out. My money is still growing untouched with compound interest. Great info bro!

    • @brolyx1316
      @brolyx1316 4 ปีที่แล้ว

      Hello I'm under age to get a loan and is it possible you can lend me 500 dollars pay you back 8k. Please can help me make my dream business. My parents don't support it.

    • @BoSsNexMove
      @BoSsNexMove 4 ปีที่แล้ว +2

      @@brolyx1316 🤣

    • @riqqarddopv7918
      @riqqarddopv7918 4 ปีที่แล้ว +1

      @@brolyx1316 what's your dream business

    • @brolyx1316
      @brolyx1316 4 ปีที่แล้ว +2

      @@riqqarddopv7918 i want to start manufacturing since people don't want to buy from china or a wine company pay more back money if i earn more have a great day

    • @riqqarddopv7918
      @riqqarddopv7918 4 ปีที่แล้ว

      @@brolyx1316 ok thanks

  • @pongoseatery2309
    @pongoseatery2309 2 ปีที่แล้ว +13

    As a 30 year old who just lost his job but wanted to leave corporate and work for himself/has prior - and has 350k liquid - this is huge to me on several points. Make a follow up!

  • @megaera2988
    @megaera2988 3 ปีที่แล้ว +9

    I don’t know if Tommy really does pay the lawn business on the side however I do admire him that he did it so much extensive research and open to share with us! Sound up Tommy good to go you’re a great kid!

  • @beks_corp9355
    @beks_corp9355 4 ปีที่แล้ว +15

    There is a lot of profit in lending business, at least from my side in the world. At least 50% ROI since interest rate is 5 to 6% per month. Looking for investors

  • @gabrielpichette7272
    @gabrielpichette7272 5 ปีที่แล้ว +113

    lmao start breaking kneecaps on the weekends 😂😂😂

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +3

      Lol 😂

    • @karrieemdixonjr9104
      @karrieemdixonjr9104 4 ปีที่แล้ว +10

      I slapped a homeless dude that owed me 300 dollars for over a year.
      That nigga called the police on me.
      So now since I deal with crackheads and alcoholics I expect to take a lost.
      And don't loan out more than I'll be upset about loosing.
      I'm learning shit everyday it's awesome.
      Been doing this for 3yrs
      And can't wait to reach 10,000 a month.

    • @maiberlinhernandez3008
      @maiberlinhernandez3008 4 ปีที่แล้ว +1

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    • @gabrielcaceres1804
      @gabrielcaceres1804 4 ปีที่แล้ว

      Cheers for this, been searching for "what is gambler's fallacy in psychology?" for a while now, and I think this has helped. Have you heard people talk about - Aonyanaler Bewildering Asset - (do a google search ) ? It is an awesome one of a kind guide for discovering how to making money with a proven roulette system minus the hard work. Ive heard some amazing things about it and my cousin got amazing results with it.

    • @yahdirssanchez9953
      @yahdirssanchez9953 4 ปีที่แล้ว

      I got laughed at when I started trading. I was burnt out, needed a change, also wasn't expecting to be laughed out of the office when I mentioned my interest in investing in the stock market. Well, a few years later and $5.3 million in savings, I'm the one laughing now. Friends now want to know exactly what my i do to earn well I advise everyone to start trading in the stock market today for a better tomorrow that’s all I can say,thanks to Mr carlos @carlos_1uptrades on instagram. I’m making a living trading forex.

  • @moneyhungryhaydon4076
    @moneyhungryhaydon4076 5 ปีที่แล้ว +16

    You should do 1 on 1 consulting one day, the distinction between those fake gurus and you is that you're more transperent and realistic. I'd definitely pay once I'm ready to start my business

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +2

      Thanks brother and thats why for now, i just put all the sauce in the video without holding back any info

  • @DeactivateMe27
    @DeactivateMe27 5 ปีที่แล้ว +17

    nothing better than getting off of work to relax and watch another tommy’s videos😎

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +1

      Ayeee lets gooo 😎

    • @michaelebriku1448
      @michaelebriku1448 3 ปีที่แล้ว

      @@TommyBryson Tommy I really need your advice on a suitable app to run my lending business thanks

  • @momplusfour5108
    @momplusfour5108 4 ปีที่แล้ว +14

    Good information! This is a type of business a lot of people don’t think about🤔
    Thank You!

    • @julioculio
      @julioculio 9 หลายเดือนก่อน

      that amount of people who don't understand this or even just think about is UNREAL

  • @karrieemdixonjr9104
    @karrieemdixonjr9104 4 ปีที่แล้ว +26

    Lol I started off with 200 dollars three crackheads and a baseball bat.
    JK it was a skateboard.

  • @tlacaeleltzinhernandez7381
    @tlacaeleltzinhernandez7381 2 ปีที่แล้ว +7

    Bro I wish I would’ve known about this earlier and the idea never came to mind until I asked myself how could I start a bank. Smartest business idea period. Having your money work for you and the interest your making on your money is insane. Light weight feel like Im roobing the hood but shit the hood could do this too lol

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว +1

      😄 🤣, So have you made it out the hood ?

    • @baitman2368
      @baitman2368 ปีที่แล้ว

      @@Epluribus9 He sells hot dogs now

  • @johansengonzalez6524
    @johansengonzalez6524 3 ปีที่แล้ว +15

    I just subbed to your channel and I wish I would’ve found it waayyy sooner.. I am 26 and becoming a money lender came to me randomly as a thought and decided to do some research. I feel like it’s a feasible sustainable way to really make a profit and start a potentially big business!! As being a small money lender or even big money lender for small businesses or ppl who just really need the money we really have the upper edge in comparison to big banks because we’ll get the money fasterrr andddd and a muchhh higher change of acceptance!! Ima keep watching and learning Tommy but looking forward to this possibly life changing opportunity 🙏🏼. Quick lil disclosure I’m 26 years old I graduated with my bachelors for a. Degree that I loss all passion for and I’ve been feeling that I don’t have a purpose and early been wanting to find my meaning in life.. I hope I can look back at this video and comment and really be proud of how far I’ve came!! 🙏🏼🤞🏽❤️ GodBless

    • @Vanessa__Uju
      @Vanessa__Uju 2 ปีที่แล้ว

      Hi
      are you still into lending?

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      Same Here man! Let's see how far I can take this business. Hope you're doing well and won't mind me asking some questions about the game.

  • @hoodmukbangs9993
    @hoodmukbangs9993 5 ปีที่แล้ว +10

    This channel is underrated Frfr...the content gives anyone ideas on how to start side hustles and turn them into businesses.Isnt this how banks and the rothchilds got started?

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +1

      Im working on a video on starting a bank

    • @karrieemdixonjr9104
      @karrieemdixonjr9104 4 ปีที่แล้ว

      @@TommyBryson
      Bro did you hear about the Black guys that owned banks.
      Samuel l Jackson made a movie about it The Banker
      But they not letting that shit come out.

  • @blackmagick77
    @blackmagick77 2 ปีที่แล้ว +3

    Gotta be a way you can leverage other people's money instead of having to start that low. Banks and other big investing platforms don't use their own money most of the time.

  • @andreiscott3360
    @andreiscott3360 3 ปีที่แล้ว +77

    The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich

    • @chrisphilip1785
      @chrisphilip1785 3 ปีที่แล้ว +1

      You're right sir, Thanks for introducing me to Mr Smith. People remain out of ignorance

    • @austinegideon6676
      @austinegideon6676 3 ปีที่แล้ว

      @Lucas Grayson There are scammers but real brokers are out there for investors

    • @austinegideon6676
      @austinegideon6676 3 ปีที่แล้ว

      @Lucas Grayson Mr Smith Logan is legit and he's methods works like magic. I keep on earning every single week with his new strategy

    • @leonardluis9956
      @leonardluis9956 3 ปีที่แล้ว

      @@austinegideon6676 Wow, I'm just shock someone mentioned expert Smith Logan, I thought I'm the only one trading with him. Mr Smith helped me recover what I lost trying to trade by myself

    • @leonardluis9956
      @leonardluis9956 3 ปีที่แล้ว

      @@austinegideon6676 I think I'm blessed because if not I wouldn't have met someone who's as spectacular as expert mr Smith, I think he's the best broker I ever seen

  • @roverandmorerestore7266
    @roverandmorerestore7266 4 ปีที่แล้ว +21

    “If you get sued you’re screwed”. time for an LLC

  • @woundedhealer8575
    @woundedhealer8575 5 ปีที่แล้ว +7

    Here’s a good question: can you lend money to yourself? Since you can lend 10x the amount you have on hand, why not?

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +1

      Only banks can do that and theirs struck regulation on that 😎😭😭I wish

    • @karrieemdixonjr9104
      @karrieemdixonjr9104 4 ปีที่แล้ว +4

      I lend money to myself every month.
      The more I loan out the more profit I make.
      But I would loan out so much every week that I would be broke the last week of the month.
      And I didn't know anyone I could barrow money from.
      So I said fuckit.
      Started loaning money to myself every week.
      I used that to buy cartons of cigarettes and flip it to buy food for the month.
      Only thing is I suck at paying myself back 🙄

    • @claudia644
      @claudia644 3 ปีที่แล้ว

      Yes banks allow you to do that I actually loan myself some money just to get some good point credit and it works better than getting a credit card

  • @Zeek745
    @Zeek745 5 ปีที่แล้ว +26

    Yeah Tommy we're not trying to do mouth-to-mouth nobody needs CPR lol

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      😂😂😂😂😂😂😂

  • @johnfrank4351
    @johnfrank4351 3 ปีที่แล้ว +7

    “You only need a thousand dollars to start this business” fine print: plus 3000 a month for vendors

    • @TommyBryson
      @TommyBryson  3 ปีที่แล้ว

      Nope

    • @johnfrank4351
      @johnfrank4351 3 ปีที่แล้ว +4

      @@TommyBryson You literally say that the consultants necessary (accountant, lawyer and compliance officer) can charge from one to ten thousand dollars a month.

    • @moriendus
      @moriendus 2 ปีที่แล้ว +2

      @@johnfrank4351 He does indeed say that. This whole video is disorganized and nonsensical.

  • @user-ww6ii6zn8m
    @user-ww6ii6zn8m 5 ปีที่แล้ว +44

    Hey Tommy, where can I hire an "enforcer" for my legal money lending business lmao

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +15

      lol 😂😂 In front of a court house

    • @antoniogriffin7135
      @antoniogriffin7135 4 ปีที่แล้ว +1

      Wanted posters at Night clubs, back alleys, etc ☺️

  • @jdao858
    @jdao858 9 หลายเดือนก่อน

    Very nice video. Clear and concise. Thanks 🙏🏾

  • @yopolos6676
    @yopolos6676 4 ปีที่แล้ว +8

    Tommy am glad I landed into this info
    I started money lending recently ...
    My question is
    How do I get clients

    • @TommyBryson
      @TommyBryson  4 ปีที่แล้ว +3

      One by one 😎 everyone always needs money the key is figuring out who is going to qualify. ( remember to pursue this 100% legally )

    • @pokiblue5870
      @pokiblue5870 4 ปีที่แล้ว +2

      Clean Ups i have 100k $ that i can give for ppl but i charge an interest of 20% per month! Minimum monthly payment of 1500$.

    • @jayjones1813
      @jayjones1813 4 ปีที่แล้ว

      Pokiblue how

    • @carprovider5295
      @carprovider5295 3 ปีที่แล้ว +1

      Still seeking clients?

    • @Acidity84
      @Acidity84 หลายเดือนก่อน

      Find a Loan broker

  • @elijahsparadox
    @elijahsparadox 3 ปีที่แล้ว +4

    If you knew the laws & how to do your taxes would you need an accountant or a compliance officer? Im guessing it’s just safer to have them In the long run but just in just curious.

  • @fcougil
    @fcougil 4 ปีที่แล้ว +5

    When you use the example of 50 customers do you mean to lend off 50000

  • @bessyjandapkgalaga
    @bessyjandapkgalaga 3 ปีที่แล้ว +4

    New Subscriber here. Planning to do this business in the future. This video is so informative. I look for the interest rate here in California it’s stated 10% only.

    • @TommyBryson
      @TommyBryson  3 ปีที่แล้ว

      Step by step

    • @blackstk8820
      @blackstk8820 3 ปีที่แล้ว

      here in india i charge 2% a month let mee know if ur interested

    • @antoniocioffi4410
      @antoniocioffi4410 2 ปีที่แล้ว

      10% monthly ??

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว +1

      @blackstk bro that really low. How's business going for ya ?

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      @@antoniocioffi4410 yup. What about your state?

  • @fordaculture_
    @fordaculture_ 4 ปีที่แล้ว +4

    Researching on how to start a micro loan business. This video helps thanks! May reach out!!

  • @travis10466ny
    @travis10466ny 5 ปีที่แล้ว +7

    I would charge the cheapest rate, beat the competition.

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +3

      Cheapest rate per different types of customers. High risk to low Risk

    • @travis10466ny
      @travis10466ny 5 ปีที่แล้ว +1

      @@TommyBryson Definitely

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      😉

    • @travis10466ny
      @travis10466ny 3 ปีที่แล้ว

      @stuff happens everybody look for the cheapest rate and word of mouth is a great way to get referrals

  • @joshuajones1189
    @joshuajones1189 5 ปีที่แล้ว +1

    Payday loan APR goes up to 400% also charge 22.5 of gross monthly income with small customer loans in Illinois but can't do both

  • @pacman2460
    @pacman2460 4 ปีที่แล้ว +4

    What type of lawyer do I need to contact for lending purposes? Thanks

  • @jordansheppard6643
    @jordansheppard6643 4 ปีที่แล้ว +1

    Thats not bad lets lets say a car at a lot is 6k but on cl its 2k people will borrow the 2k and pay the interest back. So it does help people

  • @e_thegod5303
    @e_thegod5303 5 ปีที่แล้ว +6

    Yes ! love it .. but question .. this is what loan sharks do right? I honestly don't see the point in checking credit 100 percent of the time because either way they STILL end up making money.
    Example : borrower has good credit but still doesn't pay back on time. You garnish, you get paid. Borrower has bad credit, you garnish, you get paid. That's why they're still in business b/c no matter who applies they still get paid, and the borrower is sent to collections. Sooo? Maybe I'm uneducated in letting ppl w/ bad credit sign up though. Sure you won't get paid right then but if you're garnishing them then? I guess you still don't get paid. They just get punished and you still lose money but STILL.

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +2

      No loan sharks charge beyond the legal interest rates and having a criteria limits the risk and it’s not as simple as garnishing wages, all those things have a cost associated with it. And you can also get stock with a payment plan. It all depends the best possible outcome is to lend to qualified borrowers

  • @briankayongo
    @briankayongo 2 ปีที่แล้ว +4

    Do you have an online system you use to keep track of the loans?

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว +1

      Did you ever find an online system?

    • @ladiiyb
      @ladiiyb 3 หลายเดือนก่อน

      Any update on if you found an online system?

    • @Acidity84
      @Acidity84 หลายเดือนก่อน

      Just create an Excel spreadsheet of all your customers.

  • @Name-io6dk
    @Name-io6dk 3 ปีที่แล้ว

    You're right!! "mouth to mouth organic", for every customer would be a lot of work

  • @decepticonk2908
    @decepticonk2908 5 ปีที่แล้ว +3

    What kind of licensing do you need?

  • @xraypluto5262
    @xraypluto5262 2 ปีที่แล้ว +2

    My guess is 2gs to 4gs to start it up. I have 18k in savings and need to invest my money I’ve worked so hard to get.

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      How's it going for u ? Did you ever start

  • @AngelZLopez
    @AngelZLopez 4 ปีที่แล้ว +1

    payday loans over the internet in NYC are illegal...

  • @GoldCODMyt
    @GoldCODMyt 4 ปีที่แล้ว +1

    Thanks Tommy, very practical ✊🏽

  • @samesame4496
    @samesame4496 4 ปีที่แล้ว +4

    Why is an accountant paying $1000 for an account?

  • @Hopejones60
    @Hopejones60 2 ปีที่แล้ว +1

    i want to start up a check cashing business out of my house but only to friends and family that dont have accounts is this the same process?

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      I don't think so, This is a money lending video for sure.

  • @insandaulat4432
    @insandaulat4432 4 ปีที่แล้ว +2

    Great video bro, ill start money lending business too in indonesia

  • @unknown.2303
    @unknown.2303 3 ปีที่แล้ว +2

    im 13 and I have a job but also going to start loaning

    • @blackstk8820
      @blackstk8820 3 ปีที่แล้ว

      here in india i charge 2% a month let mee know if ur interested together

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      Great Job bro 👏

  • @gizmo3869
    @gizmo3869 5 ปีที่แล้ว +3

    i have like three hundred bucks rn and it’ll probably cost 1000 to start up tbh

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +4

      Nice and you can start with promissory notes to other people with guarantee and skip the lawyers and stuff

    • @carprovider5295
      @carprovider5295 3 ปีที่แล้ว

      U in the loan business?

  • @travis10466ny
    @travis10466ny 5 ปีที่แล้ว +5

    Bro i have to introduce you to pre paid legal. $12 a month

  • @celestinoedubas
    @celestinoedubas 4 ปีที่แล้ว

    Good bro, thanks because I am planning to venture lending business

  • @saltydominion9069
    @saltydominion9069 2 ปีที่แล้ว +1

    Can I ask a question? I already have a cash advance business with my dad but I'm just looking for external advice. I just started.

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      How's the business going for you so far ?

  • @coreytodd1709
    @coreytodd1709 6 หลายเดือนก่อน

    You need 10 grand for a bond and 25k in assets for licensing in my state

  • @blackboyfromaz
    @blackboyfromaz 5 ปีที่แล้ว +2

    I’m a teen with a job at Popeyes with 627$ in his checking account and about 200 saved imm try to save more of my paycheck

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +2

      What are you going to use the savings for ?

    • @TheRealWorldNews247
      @TheRealWorldNews247 4 ปีที่แล้ว

      Better then nun bro just keep saving
      And skip the shoes and clothes
      Or just shop at Ross save trust me
      When you get 1.2k get too it!!

    • @blackboyfromaz
      @blackboyfromaz 4 ปีที่แล้ว

      The Logical Man yea i saved up 2 grand working this summer man

    • @blackboyfromaz
      @blackboyfromaz 4 ปีที่แล้ว

      The Logical Man jus earned yourself a sub ross is the wave

  • @shutg6075
    @shutg6075 4 ปีที่แล้ว +2

    I feel like I’m watching a gta online tutorial video

  • @chewyproductions2330
    @chewyproductions2330 5 ปีที่แล้ว +1

    Hey Tommy, I’m a new subscriber but I’m already learning a bunch. This idea really interests me but at the time I’m 16. Can’t wait to be able to do this type of stuff when I’m 18,19,20,etc. Cheers!

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      Nice and if your starting this early in learning you’ll do well. For now I would focus on flipping 😎

    • @chewyproductions2330
      @chewyproductions2330 5 ปีที่แล้ว

      TommyBryson definitely, I was actually thinking of hitting up a few thrift stores by my house and see if I have any luck. Thanks!

  • @Valifornia
    @Valifornia 5 ปีที่แล้ว +2

    Still waiting on that Amazon fba please please tutorial please and 4 companies supplier numbers that their merchandise could be sold on Amazon name brand products

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +1

      Remember bro, by the time i upload the video and a few people watch, those products are going to become more competitive. I'm working on a course currently to get all the details on how to find them yourself

    • @Valifornia
      @Valifornia 5 ปีที่แล้ว

      @@TommyBryson ok but still need the step by step tutorial Amazon FBA even if you can't give up the companies bro and thanks keep up the good work keep them rolling

  • @gilounelson9462
    @gilounelson9462 ปีที่แล้ว

    I would love to talk to you . I’m in the lending business but I’m lost in having a proper set up.

  • @GrowthMindsetProductions
    @GrowthMindsetProductions 5 ปีที่แล้ว +1

    As always, *AMAZING* content. Looking to grow my *small* *TH-cam* *channel* of 66
    subscribers. Your videos definitely keep me going!

  • @freddyabreu2695
    @freddyabreu2695 ปีที่แล้ว

    hello my name is freddy, I'm running a money lending business and I wanted to ask you a few questions about it

  • @THE_ANTI-RAPPER
    @THE_ANTI-RAPPER 2 หลายเดือนก่อน

    Oh, Tommy's Mom?? Yeah, she can get it! Clap clap! 🎉🎉 lol

  • @misstorre9073
    @misstorre9073 4 หลายเดือนก่อน

    Actually none to start is what I have a single mom trying to reach open opportunities

  • @anthonybynoe5255
    @anthonybynoe5255 5 ปีที่แล้ว +4

    Tommy I am a new subscriber with 500 to my name and recently fired frm my job at dunkin I'm also 18 years old... give me some ideas on how to turn it into some real revenue PLEASE. Thank you.

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      i would flip and resell

  • @sheeksheek779
    @sheeksheek779 4 ปีที่แล้ว +3

    How do I ensure the loans

  • @Zeek745
    @Zeek745 5 ปีที่แล้ว +3

    I like this video in the beginning you want to go out and hurt people at the bar 😂 lol

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +1

      Lol break the knee caps 🧢

    • @Zeek745
      @Zeek745 5 ปีที่แล้ว

      Damm lol smh

    • @Zeek745
      @Zeek745 5 ปีที่แล้ว

      Now you're getting gangster on us. Tommy the gangster or the mobster lol

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      Lol I think that still goes on

    • @Zeek745
      @Zeek745 5 ปีที่แล้ว

      lol

  • @jont2576
    @jont2576 5 ปีที่แล้ว +3

    Are u teaching ur viewers how to become a loanshark?

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      Loan sharking is illegal lending money is 100% legal, if you follow the steps I laid out. 😎

  • @lordtsani7239
    @lordtsani7239 2 ปีที่แล้ว

    50 for the business paperwork and another 200 for other costs maybe more insurance stuff cpsts

  • @YourBoyTed4L
    @YourBoyTed4L 4 ปีที่แล้ว +4

    Did anyone start it yet? Ready to work

  • @mekrobar7872
    @mekrobar7872 ปีที่แล้ว

    so, if i have $200,000 and i lend it out at 15% that's $30,000 a year or $2,500 a month. if lawyer, account and compliance officer cost roughly $3,000 and i make $2,500 per month how much profit is that? i've got over $200,000 and am interested, but seriously am concerned by costs vs. profit.

    • @redscorpion9325
      @redscorpion9325 20 วันที่ผ่านมา

      Don’t forget about Taxes 😂

  • @kymdema-ala2153
    @kymdema-ala2153 4 ปีที่แล้ว +1

    Can I do money lending instead of working 9-5 job? I’ve been doing money lending for 1 and a half year now

    • @karrieemdixonjr9104
      @karrieemdixonjr9104 4 ปีที่แล้ว

      You could do both.
      I've been doing cash loans for 3yrs and I love it.
      Can be stressful sometimes.
      But I'm learning about business everyday.
      I have 20 clients and four of them have jobs
      Four get GR
      And 12 get SSI

    • @carprovider5295
      @carprovider5295 3 ปีที่แล้ว

      @@karrieemdixonjr9104 you still in the loan business?

  • @ric_07sanchez59
    @ric_07sanchez59 5 ปีที่แล้ว +9

    I’m taking Accounting 2 in school and it’s so hard!

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +4

      think about accounting like record keeping,its something you have to take home with you and practice

    • @ric_07sanchez59
      @ric_07sanchez59 5 ปีที่แล้ว

      TommyBryson Thank You! 😊

  • @Sha_lit
    @Sha_lit 4 ปีที่แล้ว +1

    I have 6000 and think it takes 1000 and
    Up

  • @christiangutierrez4957
    @christiangutierrez4957 4 ปีที่แล้ว +2

    I have 20k , should I start ?

    • @joycelynnamot2337
      @joycelynnamot2337 3 ปีที่แล้ว +1

      We both can partner in this business.

    • @Lewieo
      @Lewieo 3 ปีที่แล้ว +2

      I have about 20k as well , how do I get started

  • @pmonterrosa4863
    @pmonterrosa4863 5 ปีที่แล้ว +2

    Damn tommy got a new phone? 🤔 . Good vid btw

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว

      Lol no it’s the two phones I used, thinking of switching to the iPhone XS though, prices are in the floor

  • @travis10466ny
    @travis10466ny 5 ปีที่แล้ว +5

    I feel like i need a shout out in this video 😂🤣😂🤣😂

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +3

      Ayeeee thanks for the idea

    • @travis10466ny
      @travis10466ny 5 ปีที่แล้ว +3

      @@TommyBryson any time bro

    • @TommyBryson
      @TommyBryson  5 ปีที่แล้ว +2

      😎👏

  • @jumilynvillejo5594
    @jumilynvillejo5594 4 ปีที่แล้ว

    I’m a fan 🥰

  • @Valifornia
    @Valifornia 5 ปีที่แล้ว +1

    Good job bro

  • @icakinser
    @icakinser 4 ปีที่แล้ว

    Wouldn't a Prosper account make life a lot easier?

    • @Kiwanuka1
      @Kiwanuka1 8 หลายเดือนก่อน

      How does it work

  • @sway3546
    @sway3546 4 ปีที่แล้ว +1

    Just the lawyer and all that is over 10 grand. Why would I need that if I hold someone's car title till they pay me?
    For instance, I know someone that bought someone else a house. He has it in his name, paid cash for the house, and then off the top set the monthly with the guy and jacked the price up 50K. So let's say he paid 200K then told the guy he would pay "x" amount each month till he paid him 250K.
    Is that illegal?

  • @rajarian7558
    @rajarian7558 5 ปีที่แล้ว

    How does this work out unless you have a million dollars to lend ...we cant even breakeven with that ... lending $1M will give us $13k pm with all that team cost its not worth it ... did i missed something ?? Thanks for the video 😃

  • @Ahbandyam
    @Ahbandyam 11 หลายเดือนก่อน

    1246$ & I think it cost 10K

  • @msmintjuleps
    @msmintjuleps 2 ปีที่แล้ว

    Excellent

  • @shanegarcia5963
    @shanegarcia5963 3 ปีที่แล้ว

    what's usually collateral for a $1,000-$10,000 loan?

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      Car, phone, etc.

  • @wjohnson6938
    @wjohnson6938 4 ปีที่แล้ว +1

    Ppl will not pay the money back .

    • @Lewieo
      @Lewieo 3 ปีที่แล้ว +2

      You insure the money you lend out , that's how you still get paid

  • @williamjohnson9139
    @williamjohnson9139 4 ปีที่แล้ว

    Are you in this game ?

  • @daquavionrandall7025
    @daquavionrandall7025 4 ปีที่แล้ว

    What do I put in Google to search for the license in my state

    • @georgelawson5747
      @georgelawson5747 3 ปีที่แล้ว

      *Thanks for tuning in*
      *Text him up ⬆️ on WhatsApp or call ☎️ ‪+1 (646) 349‑8246‬ for more ideas*

  • @keatonbentley8553
    @keatonbentley8553 4 ปีที่แล้ว

    Never mind I read your description lmao

  • @CP3clippernation
    @CP3clippernation 4 ปีที่แล้ว +3

    Anyone know the interest rate in California? And what license do I get to set up the legal entity to start lending in California?

    • @aliyudanboyi6453
      @aliyudanboyi6453 4 ปีที่แล้ว +1

      9TH DIMENSION hey there, reach out to ray_consult on Instagram his a pro he helped me get a loan also did same for 2 of my friends too, if your needing help getting one am pretty sure he’ll be of help to you.

  • @princemitchell934
    @princemitchell934 4 ปีที่แล้ว

    0:39 My name is Tommy and I AM AN ACCOUNTANT - 3:29 I PAY an account $1,000.00/year??? WTF

    • @TommyBryson
      @TommyBryson  4 ปีที่แล้ว +1

      If you do your taxes, and you’re an accountant, it can make you more likely to get audited. Plus it’s tax deductible, and their is always more people with more experience 😎

  • @TaniWalo
    @TaniWalo 2 หลายเดือนก่อน

    $ 200 and want some advice.

  • @chenxianming
    @chenxianming 4 ปีที่แล้ว +2

    Thanks Tommy. I am also starting my own lending businesses. Want to see where you find qualified lawyer and compliance officers.

    • @TommyBryson
      @TommyBryson  4 ปีที่แล้ว

      Local area and google, test and see which one fits you

    • @kounkhmer_poetry
      @kounkhmer_poetry 2 ปีที่แล้ว

      I'm looking for a lender what's your percentage?

  • @rock0tysong00n3
    @rock0tysong00n3 3 ปีที่แล้ว

    *"LAUNDERING"
    ....your welcome.

  • @encription
    @encription 2 ปีที่แล้ว +2

    I’m Jewish so this seems obligatory to do

    • @TommyBryson
      @TommyBryson  2 ปีที่แล้ว

      What you mean

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      Haha you're damm right ✅️

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      So did you start ? Lol

  • @daposhodipo5383
    @daposhodipo5383 4 ปีที่แล้ว +2

    tommy i live in Nigeria and am intrested in starting up an online lending company in nigeria...any advice for me

    • @speakthetruth795
      @speakthetruth795 4 ปีที่แล้ว

      @ Dapo Shodipo are you sure and serious ? 😅

  • @keepingitrealwiththepooler9577
    @keepingitrealwiththepooler9577 ปีที่แล้ว

    1,700$

  • @terrencebanks9468
    @terrencebanks9468 2 ปีที่แล้ว

    This dude is a influencer. He doesn't really loan money?!

    • @TommyBryson
      @TommyBryson  2 ปีที่แล้ว

      Statement then a question. Interesting

  • @ConsciouslivinByChidera
    @ConsciouslivinByChidera 4 ปีที่แล้ว

    Thank you

  • @devhero4207
    @devhero4207 4 ปีที่แล้ว

    Tommy’s mom have $10,000 in the bank and she’s looking for $1000 loan !😜

  • @cing_king6148
    @cing_king6148 3 หลายเดือนก่อน

    2k and 50k

  • @abovethefrey3681
    @abovethefrey3681 10 หลายเดือนก่อน

    Why does someone that does not do this business day in and day out give advice on this business 🙄
    I really don’t like that!

  • @ghmichel72
    @ghmichel72 4 ปีที่แล้ว

    🤣 @3:22 A) Know what they’re doing and 2)... ✊🏾

  • @nikitasingh6504
    @nikitasingh6504 4 ปีที่แล้ว

    Hey, this is helpful but I wanted to know more about the New York license required. Can you tell me something about it

    • @georgelawson5747
      @georgelawson5747 3 ปีที่แล้ว

      *Thanks for tuning in*
      *Text him up ⬆️ on WhatsApp or call ☎️ ‪+1 (646) 349‑8246‬ for more ideas*

  • @slowas-hell7933
    @slowas-hell7933 3 ปีที่แล้ว

    U make this sound really easy but were all not. As smart as U ur smarts is All in ur voice obviously enough u went to college u read alot of books whatever i live in my moms basement i dont have 500 dollars to spear i have kids smh
    Bro all respect for U and the people U actually do really help but bro smh U to smart for ur own da** GOOD SMH

  • @devontoney-dale2169
    @devontoney-dale2169 4 ปีที่แล้ว +1

    $10 G’s

  • @andrewdodds3007
    @andrewdodds3007 4 ปีที่แล้ว

    Charge loads of Intrest 3'000%/15'000% depending on risk and how rich the person Is.
    If they super rich be greedy they can afford it ect.
    Also avoid poeple like
    Druggies
    Alcoholics
    Poeple with bad reputations of ripping poeple off
    Poeple who are unemployed
    Poeple with low or bad credit scores.
    Do credit checks on poeple! If they are on the good and or excellent side of the scale lend them It.
    Something like out of 700 credits for the UK the average is like 420 anything above that is good.
    Above 600 credits up to 700 credit points is considered very good.
    With druggies and alcoholics they'll either end up not being able to pay up and or they'll end up in jail again not giving you anything.
    Druggies and Alcoholics and Unemployed poeple are the worst to lend to money too.

    • @jamirouf1268
      @jamirouf1268 4 ปีที่แล้ว

      🤣🤣🤣🤣🤣

  • @michaeldovo661
    @michaeldovo661 2 ปีที่แล้ว

    Bro I need a business plan...

    • @Epluribus9
      @Epluribus9 ปีที่แล้ว

      How did the business plan go ?

  • @rtd_phoenix878
    @rtd_phoenix878 5 ปีที่แล้ว +1

    I have 3grand