How do I weaponize my credit score?
Having perfect credit is essential to having a prosperous life in America. However, if you want to be rich all you have to do find 3 people who share your vision and create your own RFN if you get 10 or more you can start your own Virtual Credit Bank (VCB).
DEFINE RFN
A Reciprocating Financial Network (RFN) is a term that was first introduced by Dr. Michael C. Grayson to describe a model that represents the financial integration of a network of individuals who shared a common financial interest, vision or goal. These individuals agree to link the power of their combined credit in order to greatly multiply the group’s access to capital. This strategic integration allows the group to forecast the future financial performance of the aggregate and to use this group dynamic to make major investments. The combined credit power of the group is called the Borrowing Power Index (BPI). The promise and strength of the RFN is its ability to allow individuals with little or no income; individuals with no savings or disposable income; and individuals with no cash reserves to invest in major projects and realize major profits. This model is a unique approach to crowd funding.
A RFN is a number of individuals usually more than 10 that belong to a network on which the managing member or members can purchase real estate, invest in businesses or fund startups. Once the managing member makes a purchase or investment this purchase becomes an asset of the the entire network. Each network determines its own basic interest, risk tolerance and investment strategies. Members are free to exchange information, inventions and ideas. Using the group dynamic risk is mitigated and the probability of business success is greatly improved.
The RFN describes a process by which individuals and groups have become integrated through their; shared interest in investing; common social or business goals, or simply the idea of creating a stream of additional income. In the more recent past, social networks were often primarily focused on social activity such as culture, media, socio-cultural issues, political issues, and even gossip. In stark contrast the RFN is a type of social network which is focused on, technology, direct investing and creating capital flows.
After the passing of the Jobs Act much attention has been placed on crowd funding. The RFN is an advanced form of crowd funding that more accurately attempts to account for varying economic and national systems.
Example 1
Once an individual has a 720 credit score on all three credit bureaus they have the ability to access $250,000 – $1,000,000 in unsecured funding. Therefore, every individual has a specific credit capacity. By adding the specific credit capacity of the individuals tied to a specific RFN it is possible to calculate the group’s Borrowing Power Index (BPI). So if your RFN has 10 members who each can access $250,000 then the group has a BPI of $2.5 million
Example 2
The Church O God In Christ (COGIC) has over 6 million members. If this religious organization was able to convert approximately 20% of their member into a RFN they would have a BPI of $1 TRILLION Dollars. To put this in perspective the U.S. only borrowed $1.7 Trillion in 2010. This group actually has greater access to capital that the entire United States. In the last twenty years the power of the FICO Credit System has greatly increased the breadth and depth of links between individuals and their ability to access large amounts of money. The complexity of the new credit system has now begun to polarized borrowers; creating a rift between those who have no access to capital and those who have complete access. It is this polarization which is driving the integration of credit profiles and has prompted the rise of the RFN.
Finally the increased significance of the social media network has made the process of developing a RFN an easily attainable reality for most individuals, with great growth potential across all socio economic borders.