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Common Goals That Leveraging Credit Can Help You Reach




We often think of our credit scores as just something we’ll need down the line — when applying for a loan or renting an apartment. However, leveraging credit (which can only be done with an ideal credit score) may be the answer to achieving some of our biggest life goals.

Many don’t often think of credit as a way to fulfill these goals, and instead believe they must first make the money required to achieve them. But, in the spirit of Robert Kiyosaki’s Rich Dad Poor Dad, one of the smartest ways to build wealth is to use “other people’s money.” This includes credit.

Not only is leveraging credit fairly straightforward, but it’s simply the smart thing to do – and it comes with its many perks, which can help you achieve other life goals. Just ask Colin Yurcisin, who’s been named the “Credit King.” He teaches students of all ages and backgrounds how to leverage credit to meet these goals and desires: many of which he’s been able to achieve in his own life with credit. His course, Credit Class, gets into all of the details on how to make credit work for you.

Here are the most common goals that leveraging credit can help you reach.

  1. Starting a business.

 There’s no way around it – starting a business typically takes some upfront capital. Even if you’re “bootstrapping,” there are websites, domain names, initial contractors – and these costs can feel significantly discouraging for first time founders. However, Yurcisin believes in the power of business credit.

“Business credit is truly a wonderful thing, especially because of the higher credit limits,” said Yurcisin. “Business cards typically give three times your highest personal credit limit – so if your personal credit score allows you to spend up to $5,000, a business card would allow you to spend $15,000 upfront,” he noted.

It isn’t just access to the capital, but what the capital can do for you in the long run.  “There are many business cards that offer incredible deals upfront, so you can access capital and then get money back, or points to apply towards free travel.”

One of the cards that Yurcisin recommends in his Credit Class is the Business Ink Unlimited from Chase: it offers $500 cashback if you spend $3,000 in the first three months, 1.5% cash back on ALL purchases, and most pertinently: 0% interest for twelve months. This means you don’t have to pay back your initial investment for twelve months, which is plenty of lead time to make that money back. Yurcisin shared that with the Chase Business Ink Unlimited and Business Ink Cash you get 0% for 12 months and will just have to make small minimum monthly payments. 

  1. Buying other businesses or investments.

 Credit is also commonly used to buy businesses or other forms of investments, such as real estate. Rather than applying for a business or personal loan from the bank, consider using credit, since you can get up to 1.5% cash back. Here’s one way to think about it: if you buy an Amazon e-commerce business for $10,000, you get $150 back. If you’re going to spend the money anyway on buying up businesses or other investments, you might as well get cash back.

Again, a twelve to fifteen month lead time to make the money back from that investment on these credit cards is ideal, as loans from a bank typically have high interest rates and payments start immediately upon accepting the money. 

  1. Traveling the world.

 Finally, many entrepreneurs prefer to be digital nomads and travel the world constantly – or, at the very least, have a great vacation from time to time. This is also something Yurcisin lives by and helps with. “By leveraging credit, you can upgrade to a hotel’s most premium and lavish suite for pennies on the dollar of what someone else is paying for it,” he explained. In fact, many credit cards – such as the Chase Sapphire – make traveling in luxury easier than ever.

“Here’s an example: You can transfer your points from your Chase Business Ink Unlimited card to your Chase Sapphire Reserve for 1.5x more redemption points, so what you spend in your business can secure points that you can spend on travel,” he explained. And, that’s not even scratching the surface on what some credit card rewards can offer you: luxury lounge access at airports, such as the Centurion Lounge through American Express Platinum, free upgrades to first class, free checked bags, and more.

The beauty of leveraging credit is that you don’t need to choose just one of these three goals – they’re all accessible and possible through credit. Yurcisin’s Credit Class teaches the ins and outs of all available credit cards, how to repair or raise your credit score, and which order to get which credit card to maximize your line of credit and the rewards that you can access.

Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of

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Business Strategies of Michael Gastauer




Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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