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No Big Money Affiliate Program 2.0 Lecture

Jul 10, 2024

No Big Money Affiliate Program 2.0

Introduction

  • Speaker: Rico McKay, President, and CEO of No Big Money.
  • Goal: To help people improve their financial situation.
  • Background: Grew up in a single-parent home, learned about finances, and entrepreneurship at 20, and earned several million dollars in five years.
  • Current Focus: Helping thousands transform their financial lives.

Guest Introduction

  • Guest: Self Mitchell, President, and CEO of Priority Financial Solutions.
  • Background: Entrepreneur from college with humble beginnings, involved in reaching people across the country.
  • Company's Progress: Since 2014, helping tens of thousands with their finances.

Nove Money

  • History: Started in 2014 under the name "The Education."
  • Goal: Educate people on credit, budgeting, and getting out of debt.
  • Flagship Product: Nove Money.

Importance of Finances in Society

  • Current Trends: Increase in commercials about credit monitoring.
  • Struggles: Many people live paycheck to paycheck and lack financial reserves.

Nove Money Product Features

  1. Credit: Essential for many aspects of life, including job opportunities, insurance rates, home, and car purchasing.
  2. Budgeting Tool: Helps manage and track finances.
  3. Debt Elimination Tool: Addresses behavioral changes needed for financial stability.

Importance of Credit

  • Leverage: Good credit allows leveraging larger sums of money.
  • Opportunities: Credit enables taking advantage of opportunities that require large sums.
  • Ownership: Facilitates investments and purchases like homes or businesses.
  • Options: Offers multiple financial pathways, whether using credit or cash.

Wealth Building

  • Principle: Utilize OPM (Other People’s Money) and OPT (Other People’s Time).
  • Income Shifting and My Econ: Understanding the concept of "credit asset cash."