@@stevensanchez7740ecause there’s nothing to soak up. Guy said he needs a 225k chain for marketing and that it’s an investment and not an expense. Which is absolutely ridiculous if you need a bicycle chain for people to notice you, your work isn’t speaking for itself. And not only is that chain not an investment, it depreciated the second he put it on. Do not only is it an expense, it’ll end up being a net loss. Lmao soaking up game lmao. Bruh the game he’s spitting here is what got the majority of label rappers into debt
As a tax accounting that is not going to fly for the IRS. The IRS say the business expense has to be “reasonable and appropriate” for the business… a $20,000 diamond necklace does not fit that description..
@@bxrokk his business like he said is real estate. You could argue his personal image helps that business. But it doesn’t actually help him run his business. Therefore it isn’t a “reasonable and appropriate” expense, at least in my eyes. You can put it on his tax return. Just if he gets audited it would be “no bueno”. Just don’t think the IRS will be like “yeah that’s fine” to that sort of expense.
@@KaleTec naw, you are. Be original my guy. We all comment as entertainment. Somehow its how us adults play and release a lil stress. We know it dont mean much but its fun. At least play the game right and get your own comment thats not right above yours. Just like playing cards or dominoes, its not fun when you cheat, come on mane.
@Anthony Bondoc it means until you got money, don't flex, just work and focus on whatever your Hustle is. Buy what you need more then what you want. Because that's investing in yourself.
Bro you’re acting like he gave him the directions to the holy grail😂. They teach you this stuff in what you guys call high school I believe (I’m from The Netherlands, so I believe it’s called like that). We studied this stuff/material when we were 16-17.
@@kw2607 “I do real estate… teach people how to do real estate” Bro listen close 💀 he don’t even do real estate he a “guru” uglass todays get rich quick scheme sell a class
@@squanch4458 fr same thing I thought for real estate fuck Kind of marketing making a person close deal faster cause you got a chain understand the tax write off
Well it is one of those situations where he's talking big words and all types of stuff but when it's all said and done nothing was said. It's like Words he heard all these k:0l lol words and shit. 🤣
@@greater6392 ha ha ha thank you. You'll be alright don't cry for him 😭😭😭 but don't be hating that we hating the fake buy video. Let me school you when you see bulshit you call it out.
Those two are fake, the video they made is fake, him "buying" the chain is fake, and probably the chain is also fake. That chain isn't worth $22k its just sterling silver with moissanite which is worth a couple hundred dollars.
Nothing wrong work hard play hard, he ain't stealing or taking from others. Good job homebody. Everyones taste is different when spoiling themselves. He has a good job.
if he flipping real estate contracts he actually is hurting others, you do that when people are evicted usually and the way he looks those people are probably on section 8.
It's no difference than when the label gives you a advance..they got a marketing budget , radio budget, etc..but if you don't know business..your the last 1 to the bank.💯
Ever heard the saying 'life is short'? We all have to face death sooner or later. The Bible compares our life to a flower in a field that is seen today and gone tomorrow. Do you think about what happens after you are gone? Where your soul is going? Have you heard of a place called heaven and a place called hell? Today I want to urge you to surrender your life to Jesus. We can be saved and go to heaven through Jesus. Salvation is gifted to us from God out of pure love. All we need to do is believe and follow Jesus Christ. Make the right choice today, tomorrow may be too late.
How you gone ask a question then tell the man you gotta play the video back to hear what he’s sayin , he charges people to hear what he just told you , appreciate tht fam
I woke up around the age 16 and started to deprogram myself from hip hop culture. In that journey I realized designer clothes and chains only matters to you if you're in the hip hop mindset which unfortunately alot of men and boys in America are in. I realized that my asain, Hispanic and Indian friends didn't value the rap lifestyle like I did and that mad eme change. Once I started hanging around other black men who come from money and had architecture degrees, we're lawyers and graphic designers making money is seen the truth. I learned the real flex is a nice house because even poor people can wear chains and designer but only a rich person can live in a penthouse or live in a gated community. So they flex with nice houses to separate the pretenders form the ones who really got it.
He really didn't say anything worth listening to this dude is full of shit 😒 no one that's a real business person will say a 200k chian is a investment
You cannot buy a diamond chain and call it an investment. Trust me. I have been in the business game for a long time and my accountant is the best in the game. There is no way you can justify a diamond chain to the IRS should they audit you. If they catch you using your business card to purchase personal items and try to hide them you will get popped. Trust me you will get popped hard and those guys do not mess around
How can tgey tell you this ISN'T marketing? I mean the chain just literally was used to make people aware of his real estate business in front of our eyes
@@StrokinAuto I get what you're saying. But how does that do him any good if we don't know who he is and he doesn't live anywhere near me personally. So his marketing tech isn't gonna be working if people aren't around him. Unless someone stupid rich contacts him
Anyone can try and deduct whatever they want on their taxes. The issue comes when the IRS asks about the expenses and their justification if its flagged for review. Then when they realize you tried to capitalize a 220k piece of jewelry for your real estate business they're going to start asking questions about all of your other expenses. Designer or fashion industry you could justify it easier but real estate is a long stretch and at 220k its beyond reasonable. There is no LLC trick like everyone on Tik-Tok wants you to believe, its just tax fraud where you are banking on the bet you won't be flagged for audit. Source : I'm a CPA lol.
@@HPBTV I think it's hilarious when people say oh it's for business. 😂 it's like that pastor who was deposed and he was buy Gucci suits. And a Bentley and all other sorts of shit. Like bro that's not how it works whatsoever
If you don’t have a black card then don’t be poppin cards on the table. I got a bunch of credit cards that say “platinum” on it and they max out at like $400😆😆😆
To be fair.. that was a Amex platinum which is a charge card & he probably has a lot of spending power from purchasing high ticket items like this. Now did he really buy this chain or was it just for video marketing purposes.. who knows. Doesn’t even matter!
I have two awesome kids that give me more worth and happiness that a chain like that can’t do. That being said even tho I can’t see spending that much on a chain I can’t hate on a person who is making moves to be able to buy that chain.
Pay your taxes, stay away from credit cards. Economy is falling, home and car sales are coming. Just be patient. Fuck the flashy shit. And buy security to protect your shit🥴🦾
He was really trynna teach you some shit
Dude was soakin up NUN OF THAT
They more focused on the results not what it take to GET results
Tryna find out bro name
Lol he's full of shit and the videos fake
@@stevensanchez7740ecause there’s nothing to soak up. Guy said he needs a 225k chain for marketing and that it’s an investment and not an expense. Which is absolutely ridiculous if you need a bicycle chain for people to notice you, your work isn’t speaking for itself. And not only is that chain not an investment, it depreciated the second he put it on. Do not only is it an expense, it’ll end up being a net loss. Lmao soaking up game lmao. Bruh the game he’s spitting here is what got the majority of label rappers into debt
Dude been 22 years old for the last 5 years.
😂😂😂😂😂😂😂
🤣🤣🤣🤣🤣
😂😂😂😂
He said 23😂
23 😅
I love how he was bout to teach you how to run an arsenal of credit cards lmao
MMM!!! HE BOUGHT IT UNDER THE LLC AS A MARKETING PRODUCT AND USED IT AS A TAX WRITE OFF 🔥
As a tax accounting that is not going to fly for the IRS. The IRS say the business expense has to be “reasonable and appropriate” for the business… a $20,000 diamond necklace does not fit that description..
@@mcafeestooge9250depends on what the business is, wouldn’t it?
@@mcafeestooge9250 I think he said $220K
@@mcafeestooge9250 If his business is directly tied to his physical image why wouldn't this qualify as a business expense?
@@bxrokk his business like he said is real estate. You could argue his personal image helps that business. But it doesn’t actually help him run his business. Therefore it isn’t a “reasonable and appropriate” expense, at least in my eyes. You can put it on his tax return. Just if he gets audited it would be “no bueno”.
Just don’t think the IRS will be like “yeah that’s fine” to that sort of expense.
Shop owner: "Can I get the chain back?" "You're done with the video, right?"
🤣🤣🤣
Its fake
Facts lol
😅
😂
Bro been “23 and a entrepreneur” for a few years now 😭
Lol 😂😂😂
You stealing comments. Dude above you said the same shit. Smh
Right above u
@@talknheadz you taking TH-cam comments to serious 🤣
@@KaleTec naw, you are. Be original my guy. We all comment as entertainment. Somehow its how us adults play and release a lil stress. We know it dont mean much but its fun. At least play the game right and get your own comment thats not right above yours. Just like playing cards or dominoes, its not fun when you cheat, come on mane.
Put these folks on a podcast so we can learn more. Props to you both.
For real I need to follow him he dropping a lot of gems
This shit fake brah
It's fake man. The guy handing it to him is his family
They scamming lmao
You got a sweater with a tongue on it
Bro going to be 23 for the next 10 years to come he going to be 50 saying he still 20 something 😂
“Just stay down”
Realest advice from this channel
What does that even mean
@Anthony Bondoc it means until you got money, don't flex, just work and focus on whatever your Hustle is. Buy what you need more then what you want. Because that's investing in yourself.
@@gomlbondoc get your duck ass off the channel 😂🤣
@@gomlbondoc maybe he's saying stay low key and hustle learn etc
It literally just means stay low key
He ain’t hear a word dude said he just saw that big ass chain
Lowkey sad asf cuz buddy was tryna teach him some.
That’s the trick hahaha
Proves he aint about shit. No focus.
Couldn't help it
Bro you’re acting like he gave him the directions to the holy grail😂. They teach you this stuff in what you guys call high school I believe (I’m from The Netherlands, so I believe it’s called like that). We studied this stuff/material when we were 16-17.
That's not an investment 😂😂
That's the most expensive bike lock I've ever seen.
The marketing after buying under the LLC #gem
😂😂
For 220k that chain ain't shining enough my boy
Not at all not really under the light
That shit cloudy, with a chance of no shine 🤣🤣💀
@@GMC060 cloudy than a rainy day 😂 it’s foggy as shit
SI
@@GMC060 lol facts
"Something lite 4 da Party"🤣 something that Floyd Mayweather will say lol
THAT shit ain’t dam lite they prob all his money on that chain
Floyd fallin head first if that went on his neck lol
@@Onedog7 🤣🤣🤣
REAL ESTATE PORTFOLIO FUK A CHAIN
@@Notfrmdaraq nigga you know that aint all his fking money stop acting dumb 🤦🏽♂️
”Yeah, I hear you, but GAAYD DAAMN”😆
The advice given in this brief vid is priceless.
its comical at most, LOL
People don't even hide the cap anymore. They just full speed ahead.
😂😂😂
Hater
He’s telling truth. When Ol boi started telling him about the business he never broke eye contact, body language stayed the same.
Facts my g 🤣 its wild out here
@@kw2607 “I do real estate… teach people how to do real estate”
Bro listen close 💀 he don’t even do real estate he a “guru” uglass todays get rich quick scheme sell a class
The IRS hates this one simple trick 😭😂
🥴🤣
First thing I said...the ol LLC trick, but it works
“it’s marketing” 🧢
@@squanch4458 fr same thing I thought for real estate fuck Kind of marketing making a person close deal faster cause you got a chain understand the tax write off
The Tax System is Easy to Work Around if you have money, if you don’t you stay getting taxed. Tax System is by the Rich for the Rich
I thought he said 200,000 at the end was 20,000😂
He definitely said 220,000
Blud he said 220k
Its def not $20
This is going to be played in front of a jury of his peers during his tax fraud case. Dudes fucking insane trying to explain this is a writeoff😂
Can you teach me how to do this the proper way then please?
With all the advice you got you should be the one getting asked that question now 😂😂😂
He has money
He needs insurance on both his chain, and his life!
Str8 up out the guttt , he get eaten god body ya herd
Cornball soft ass
💯💯🤣🤣
You right on too many rappers died bcz of a simple chain 😂
Bro that is no investment lol it’s personal use too. He is going to get smoked with a disguised dividend in that audit
When you spend money through your llc/business it’s counted as an investment
@@Jason-ip6wq sure that's how it works log as it's under an llc it's legal an no one ask questions..yeah ok
See…that’s what I thought. Unless you’re advertising for the jeweler through his business…but even then it seems illegal
@@SaladeeEllisthese brokies believe anything because theyve never had money flowing in and out and taxman asking questions
You can't just expense everything and anything lmfao tf
" I hear you but god damn.. " lmao
He doing more than real-estate.
Hmmmmhuuuu
It's called capping. It's a skit. These guys are scammers I joined their telegram.
I gotta replay this video see what u talking about “HE AINT SAID SHIT” 😂
He edited it
Well it is one of those situations where he's talking big words and all types of stuff but when it's all said and done nothing was said. It's like Words he heard all these k:0l lol words and shit. 🤣
Y’all some hater’s with no encouragement
@@greater6392 ha ha ha thank you. You'll be alright don't cry for him 😭😭😭 but don't be hating that we hating the fake buy video. Let me school you when you see bulshit you call it out.
Hmm flipping house contracts
Props to dude for even taking the time out to give him some valuable advice and show love and respect for the 💰 good guy 💯
Bro definitely got the rental chain as a tax write off
Keep doing your thing Miguel ✌️💯
Hahahahha gd1
Mane ass walked in the jewelery store looking like Gumby😂🤣😂🤣😂🤣
Hahaha 🤣
I'm fukin dead 💀🤣
🤣🤣🤣 yea the suit gt me too they drip these days
He put that shit right back when the video cut 😂
"Sum light for the party"
The chain: big enough to lock a bike up
Pawn shops give you 5 percent value.
Diamonds are basically worthless and gold is so heavily marked up that the resale value is pennies on the dollars spent.
Dude's a good dude, really could and DID learn from him.
It grinds my gears when people say “I do real estate” then follow up with “ I teach people how to do real estate”
He's a guru 😂
Those two are fake, the video they made is fake, him "buying" the chain is fake, and probably the chain is also fake.
That chain isn't worth $22k its just sterling silver with moissanite which is worth a couple hundred dollars.
My high ass would had to play the video back too😂🤣💀
we need more rich people like this who actually share what they know
What the hell did you get out of this? 😂😂😂😂
“ I ain’t gon lie, I’ma have to watch this video back to hear what you talking about … “
🤦🏽♂️
I thought somebody cash apped me when this first came on 😆
Nothing wrong work hard play hard, he ain't stealing or taking from others. Good job homebody. Everyones taste is different when spoiling themselves. He has a good job.
if he flipping real estate contracts he actually is hurting others, you do that when people are evicted usually and the way he looks those people are probably on section 8.
Don’t complain when he get robbed. Everyone taste is different when spoiling themselves. Work hard play hard 🤷🏾♂️
Bad ass chain 🔥💯💯💯
Bro is really teaching us golden level game and info 💯
Bro really said “something light for the party”.😂
Real shit. Keep going Jay 💯
He was really tryna teach everyone the method they all get in debt stay woke 😂
In the real estate world, “debt”, is a good thing.
On god I love this video and I'm gonna take heed to this cuz he really giving me a push in my life off his words. Salute soldier 💜
I like how dude came off super relax and confident without doing to much. 30 Gang 💯💯
Keep doing real estate
dam cashapp sound had me thinkin somebody sent me something
My man spent a whole house on a chain
He's obviously not very intelligent.
Thats real now. He dont know who tf u are but still sharing game wit the community 💯💯✊🏼 I fw him heavy for that
Waiting for him in the parking lot 😂
It's no difference than when the label gives you a advance..they got a marketing budget , radio budget, etc..but if you don't know business..your the last 1 to the bank.💯
Ever heard the saying 'life is short'? We all have to face death sooner or later. The Bible compares our life to a flower in a field that is seen today and gone tomorrow. Do you think about what happens after you are gone? Where your soul is going? Have you heard of a place called heaven and a place called hell? Today I want to urge you to surrender your life to Jesus. We can be saved and go to heaven through Jesus. Salvation is gifted to us from God out of pure love. All we need to do is believe and follow Jesus Christ. Make the right choice today, tomorrow may be too late.
@@brotherdj777 enough w the scare tactics from that demonic religion
@@JayRizzyMusic brain cells have left the chat.
How you gone ask a question then tell the man you gotta play the video back to hear what he’s sayin , he charges people to hear what he just told you , appreciate tht fam
lmao he did but ain’t pay attention at all that cuban had him in a chokehold 😂
Distracted by the drip
I could be the richest man, i ain't wearing that 2ton pitbull chain😂😂
Agreed
He asked "you sure this is a good investment?" and he answered this is an "investment not an expense bro" 😂🤷🏻♂️
silly what some folks think looks “cool” looks ridiculous to others.
Everything is subjective. What looks ridiculous to you may look cool to someone else. Everybody don't have to live by your own perception
@@novadon4729for 220k though? How does that not seem f0olish
@@joys8634 you heard him say it’s an investment. Foolish or not bro is living his life the way he wants
@@joys8634 you have limited beliefs 220 is light for some
I woke up around the age 16 and started to deprogram myself from hip hop culture. In that journey I realized designer clothes and chains only matters to you if you're in the hip hop mindset which unfortunately alot of men and boys in America are in. I realized that my asain, Hispanic and Indian friends didn't value the rap lifestyle like I did and that mad eme change. Once I started hanging around other black men who come from money and had architecture degrees, we're lawyers and graphic designers making money is seen the truth. I learned the real flex is a nice house because even poor people can wear chains and designer but only a rich person can live in a penthouse or live in a gated community. So they flex with nice houses to separate the pretenders form the ones who really got it.
It was AWESOME that he shared some KNOWLEDGE because some people won't tell 😉 you anything! 💯
He really didn't say anything worth listening to this dude is full of shit 😒 no one that's a real business person will say a 200k chian is a investment
He’s going to have a chain like that when he hits 30 watch💯
Exactly what he doing here. Branding himself😂
Man can’t even get the points on his Amex correct 😂
How is a 220k chain a business expense ? They gone audit him soon.
Depends on what business he in
Idk about real estate but far as like entertainment goes it's an expense
@@faevapaiident7966 Oh shit i never even thought of that, that explains why they buy so many of them🤣🤣
Marketing Expense. He Just Dropped Gems✏️
@@terrellcarter6557 marketing expense for real estate ?
Real grown man talk 🗣
You cannot buy a diamond chain and call it an investment. Trust me. I have been in the business game for a long time and my accountant is the best in the game. There is no way you can justify a diamond chain to the IRS should they audit you. If they catch you using your business card to purchase personal items and try to hide them you will get popped. Trust me you will get popped hard and those guys do not mess around
You got more advice man? I'm taking notes fr
How can tgey tell you this ISN'T marketing? I mean the chain just literally was used to make people aware of his real estate business in front of our eyes
The comments just make me feel like u hating just because you have been doing x amount of years etc doesn’t mean he didn’t find his own way
@@StrokinAuto I get what you're saying. But how does that do him any good if we don't know who he is and he doesn't live anywhere near me personally. So his marketing tech isn't gonna be working if people aren't around him. Unless someone stupid rich contacts him
@@MinhaFamiliaAQBJJlol… do you not know of online business? Why comment..??? When you’re totally wrong 😂
I love the love for yourself and knowing your worth in a healthy positive way.
"Just stat, stay down"
He refinances ppls mortgages 😂
"You think this is a good investment?" 😂
Jewelry is literally the best thing ever!! Easiest come up with all these people wearing money around they neck 😂😂😂 yeah ima need that
Easiest way to get shot trynna come up then ya moms gone cry how you was such a good boy and you was an unarmed civilian. Move along
@@mumblezz__5890 nah that’s chain snatcher mcgee right there
@@fuqis and this is a xdm 10 mm, gets pulled and dumped quick.
Have your mother singing "It's so hard." - Biggie.
Diamonds are worthless . Get gold and silver
That chain ain’t no got damn investment 😂😂😂
Right, and he busted it down. That's a no no if you are trying to keep that value.
@@THE48LAWS y’all didn’t listen to what he said fr and I can tell lol
He said for" marketing "
Meaning he flexing the chain for clout for personal gains towards his company
@@BagBaby lol U just young probably u gone end up broke listening to clowns telling u how to spend
@@reallwd310facts... look the part
Guy told him to expose himself hope he read between the lines and isn’t in jail .
This is one of the best dudes you found
Bro really said this is an expense wtf🤣that’s some fraud right there
Nah he said "it's and investment not an expense" lmfao 🤣
@@dccaponemusic right mfs dont listen 😹
"I do real estate" is international code for "I have rich parents"
you meant ''I am scammer'' ?
🤣😂🤣😂🤣😂🤣😂🤣😂My dog got one "Just like that" 🤔 🤔 Which one for "Human" & Which one for "Dog"
All I've ever learned from videos like this is that someone will always have more money than me 😂
He work there😂 dude that handed him the chain his brother 🧢🧢
Thought the same thing.
Lmao you’ll get audited real quick saying that’s marketing and a writeoff 😂😂😂
No you won't. That's literally the law.
Bro it’s just what you do, all big purchases go under the business account. I’m slowly learning these things.
This man is sending the wrong message if this exchange adds value to his brand 🗿
Anyone can try and deduct whatever they want on their taxes. The issue comes when the IRS asks about the expenses and their justification if its flagged for review. Then when they realize you tried to capitalize a 220k piece of jewelry for your real estate business they're going to start asking questions about all of your other expenses. Designer or fashion industry you could justify it easier but real estate is a long stretch and at 220k its beyond reasonable.
There is no LLC trick like everyone on Tik-Tok wants you to believe, its just tax fraud where you are banking on the bet you won't be flagged for audit.
Source : I'm a CPA lol.
@@HPBTV I think it's hilarious when people say oh it's for business. 😂 it's like that pastor who was deposed and he was buy Gucci suits. And a Bentley and all other sorts of shit. Like bro that's not how it works whatsoever
Buddy needs to start a channel! 🤣
Dudes pulled up at the jewelry store in the same car just to do this interview 😂
Mans is in the jewelry store not buying jewelry , then walks up to client and starts asking him 21 questions lol what typa weird shit.
That's cuz it's staged
@@23irontusks4 I noticed all the videos are staged asf 😂😂😂😂
fake video ... some kids trying to make some money ...
Nice dog chain 👌
Hell of a DOG chain ❤
I love to see this, bro was genuinely dropping jewels for the future and giving us knowledge in 60 seconds
Can you start dropping links to the investors you come across.
This dude got to be 38 by now. Lol
“Watchu do for a living?”
I count pockets 😮😅🤣
He really droppin jewels
you are just gullible
Law 💯
@@Fermata46 wtf is he not speaking facts tho ? That’s just how the world works he’s stating pretty much shit most ppl already know
Need more people like this guy 🙏🏽🙌🏽
This guy always walks up to people like he about to rob them
The best advice I’ve heard
If you don’t have a black card then don’t be poppin cards on the table. I got a bunch of credit cards that say “platinum” on it and they max out at like $400😆😆😆
To be fair.. that was a Amex platinum which is a charge card & he probably has a lot of spending power from purchasing high ticket items like this. Now did he really buy this chain or was it just for video marketing purposes.. who knows. Doesn’t even matter!
😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣
Lol I was waiting for the black card too since the other ones aren’t hard to get
That’s cause you got crap credit.
Real estate? Dude jus showed his students how to go broke in 60secs🤣
"I'm 23 what advice do you have for me?"
"first off stop lying"!!!!
Smart Dude cant even hate on em
TRANSLATION: He bought a chain for his *TOW TRUCK* and wrote it off on his taxes.
The Jeweler is laughing all the way to the Bank!🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Thank you for not gate keeping the GOOD SHIT! I highly appreciate this video!!❤❤❤
Giving me DJ ENVY Vibes 😂
I have two awesome kids that give me more worth and happiness that a chain like that can’t do. That being said even tho I can’t see spending that much on a chain I can’t hate on a person who is making moves to be able to buy that chain.
Who asked about your kids though. It's clear the chain got you in your feelings.
@@joys8634 😂😂😂
@@rudeboyHEEM Bro on dirt for whaaaat😂😂
@@joys8634 right lol
Bruh the only way your dusty kids are worth more than that chain, is if you part them out and harvest their organs
Pay your taxes, stay away from credit cards. Economy is falling, home and car sales are coming. Just be patient. Fuck the flashy shit. And buy security to protect your shit🥴🦾
U need credit . But the economy is failing tho
Exactly bro I’m building my credit back up for when that crash comes.
@@DONTCRASHJET some people will forever live in fear. They don't get it. But I'm sure you do.
Credit cards are great as long as you pay the balance off every month my guy...
@@dynasty5618 right tho bro. I'm not against them, as long as you can make those payments..the less credit cards the better, in my opinion
I remember bro that’s buying the chain from the phone prank video lol 😂