Money Bosses is on the Mission to do one thing, and that's help ambitious grinders Get The Bag. Through Marketing and Financial Principles MBA looks to help Young Bosses get up to the next level!!!
Zakhy is an former inmate from Atlanta who spent 10 years in prison. His story is a very unique one. During incarceration, he was able to accomplish and learn so much. One of the biggest achievements that he is proud of is, his ability to reach 5 figures by running a commissary store. "It wasn't easy," he says, "but it was fun and worth it."
Now he looks to bring everything that he has learned to you, and show you how you can take those same principles that he has learned and utilize them in your business.External link
4 Types of Transactions
THE 4 TYPES OF TRANSACTIONS
1.THE EVEN SWAP
This transaction consists of money for product/exchange.No contracts or commitments,and mostly deals with low-cost items.
A person pays a percentage that is less than a hundred for a product or service. And as time goes on, the customer continues to make a payment until the payment is up. This payment could be done on a consumer level or business level.
-Consumer level: When this transaction occurs, it usually creates debts and bills for the consumer and decreases the cash in the asset column of the balance sheet, especially if it was a loan. (DEBT CREATION)
-Business level: When this transaction occurs, it could creates debt and bills for the business, but it could also create assets in inventory. It just really depends on what the contract is and what is being purchased. (DEBT CREATION/ASSET CREATION)
THE ZERO DOWN
This payment usually happens when someone is willing to loan you something, with a good belief that you will pay it back over time. The same laws and principles apply as the percentage payments.
THE CASH LOAN
Money usually loaned for more money back.
(Creates more debt than assets, unless properly invested)
-CONCLUSIONS: So understanding these transactions, we understand that 3 of them creates debt. Before anyone goes on to create enormous debt(like most Americans do) they need to know if their income can handle it. Also, even if it can handle it,would it be an intelligent, for them to get into that level of debt.