On today’s episode Rich sits down with Jack McColl “The King of Debt” - Entrepreneur, Founder of Credit Stacking, and Business Credit Coach. Jack, better known as “The King of Debt,” has been featured on Market Watch, Disrupt Magazine, Yahoo Finance, and Forbes. He is a self-made mogul who went from having zero dollars in business credit to being approved for $500,000 in a little more than a year. Jack has mentored thousands of entrepreneurs, helping them get access to hundreds of thousands of dollars of 0% interest capital to start, scale, and finance their businesses.
Rich and Jack start off by discussing Jack’s first episode with Rich (Episode 68), Jack’s 5 week trip to South America, Columbia and kitesurfing, skydiving in Venezuela, Jack’s passion for sports and hobbies, Jack’s favorite automated business services, optimizing business, and Jack joining the 800 club for testosterone levels and credit scores.
They then reflect on their favorite exercises, the importance of physical fitness, what it’s like showering on planes, comparing first class airlines, accumulating credit card points at different banks, Jack’s experience helping clients secure $150,000 0% interest business credit, the AmEx Business Gold and Platinum cards, and the Wells Fargo’s Autograph Journey Card.
Lastly, they talk about buying assets with business credit, the AmEx business card pros and cons, which cards Jack recommends using, the Bilt Credit Card, tools to keep track of debt payments, the Wheels Up AmEx Travel experience, Private Jets, Set Jet, Elon Musk’s Starlink Satellites, Jack’s big move to Utah, Rich’s experience as a pilot, and Kris Krohn.
Connect with Jack on Instagram: @jackmccoll
Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
--
Connect with Rich on Instagram: @rich_somers
Interested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.
Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call.
Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Leaving Your 9-5 to go "all-in" on the Short-Term Rental Game | Patryk Swietek E74
He Left Pro Basketball to Develop Luxury Homes and Apartment Buildings | Terry Harris E73
He Makes $175K/month in Passive Income & Why Social Media is Changing the Real Estate Game | Blake Rocha E72
He Helps Entrepreneurs and Investors Maximize Their Performance, Longevity, and Quality of Life | Ryan Kennedy E71
Real Estate Tax Strategies Exposed | Ryan Bakke E70
He was on Season 16 of The Bachelorette and Now He’s Changing the Solar Energy Game | Chasen Nick E69
The “King of Debt” Exposes Credit Hacks to Grow Your Business or Real Estate Portfolio | Jack McColl E68
He Founded an Exotic Car Community That’s Changing the Way Business and Networking is Done | Clement Connor E67
How He Scaled to Over 70 STR Listings in Just 4 Years | Rafa Loza E66
Where Interest Rates Are Headed & Lending Market Update | Jonathan Yoo and Dustin Rosenberg E65
How Miss Nevada Makes $2,000,000 a Year from Mini-Mailboxes | Lisa Song Sutton E64
He’s Buying a 130 Unit Hotel & Why Lack of Time is Not an Excuse | Blake Dailey E63
How to Decide Which Real Estate Investing Path is Right for You | Omar Alfaro E62
Is the Airbnb Revenue Collapse Real? And Will Boutique Hotels Be The Next Big Thing? | E61
He Owns Multiple 7 Figure YouTube Businesses | Will Grimes E60
Interest Rates, Inflation, and How AI Technology is Disrupting the Economy | Vinny Lingham E59
The Middle Class Mindset Debunked & Why Most People Will Never Invest in Real Estate | Jorge Contreras E58
Should You Use Your 401K or IRA to Invest in Real Estate? | E57
Making $300,000 per Year on YouTube | Spencer Cornelia Pt. 2 E56
Why "House-Hacking" Might Be the Easiest Way to Build Wealth Through Real Estate | Spencer Cornelia Pt. 1 E55
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money