From the Creditor Academy Podcast: The Rules of the GAME!
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In this YouTube video, entitled “The Rules of the GAME!”, speaker Paul Michael talks about bonds and trusts as instruments to ensure a promise is kept and debt satisfied. He describes bonds as a type of insurance policy in nature. They provide collateral for debts to be fulfilled. This would be similar to an insurance policy paying on damages. He also shared insurance claims and how the insurance company used that bond to satisfy the debt. He screams for the importance of knowing what a bond is, and what it implicates: legally, financially, and personally. The speaker introduces the topic of business trusts as a method of creating credit and discharging debt by separating public and private assets while undertaking fiduciary responsibility. He warns of the consequence of not giving in to the state’s request for credit and the aftereffects that may come with this. All in all, the video goes through the idea of bonds and trusts to represent debt and also build up credit.
Continues discussing various things in terms of navigating legal situations. The development of trust via traffic tickets, bonding one’s word, and avoiding arguments with creditors is emphasized. He will be sharing some personal experiences, as well as advice on how to handle administrative paperwork, establish banking relations, and prepare for the upcoming Creditor Academy. The main points, in this discussion between Paul Michael and, have to do with thoroughly perusing documents, grace in communication, and the clarity of processes or policies to avoid potential legal repercussions.
Original video: https://www.youtube.com/watch?v=0VhY6-Yzo18