Free Grant Secrets part 3 Your credit

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Q: Do I Have To Have Good Credit To Get A Grant?

A: NO. Absolutely not. People giving out grant money generally don’t care about your credit because they don’t want you to pay them back. They are not banks who want their money back. They are organizations who want to improve the world with their money (or your tax money), and they are mostly interested in what you want to do. I recently spoke at a women’s prison in Connecticut and before I went I investigated the availability of money for people in prison to take college courses. I found out that the government will give people grants to study in prison but not student loans. They don’t trust prisons to return a loan so they just GIVE them the money.

There are a lot of other real estate money programs besides grants and they all have different requirements. Some you have to have good credit for and others are just set aside for people with bad credit. So the real answer is “it depends". There are thousands of money programs and every program has different requirements. You have to find the program first and then check out the requirements. If you don’t fit, then start looking for another program. It’s like dating. If one person won’t go out with you because of something about you, you can’t sit home and wait for them to change their mind. You go looking for another date.

Q: How Long Does It Take To Get Government Money?

A: The real answer is, it depends. I know some micro-loan programs at the state level that say they guarantee an answer within two weeks. Other programs could take a few months. And there are other programs where they only give the money out once a year, so if you miss that cycle, you have got to wait until the next year. But again, just like the question on the amount of paperwork there is — who cares how long it takes?

There are some emergency funds that you can get very quickly, but most of the money that you want to use to change your life is not going to happen very quickly. You have to allow weeks or even months for this money. You may not even get approved the first time. You may do something wrong and have to file the form again. But again, who cares how long it takes?

I talked to this couple down in Florida who started a hairdressing salon and got $100,000 from the government to help them. They said it took them a few nights in front of the television filling out the forms. That was pretty neat. In a few nights, they got it done, and it was no problem at all. Is it going to take so long to get the money you are not going to apply? Nonsense! If that is your attitude, then do not do anything. Just sit home and be content with what you have now, because you never know how long it is going to take.

That should not stop you from doing anything. That is just another one of those hurdles that the bureaucrats are going to put in front of you to see if you are big enough to get through it, around it, or over it. These are little dragons that you have to slay to get to your quest, and your quest is getting that money or doing what you really want to do in life. And whether it takes a few extra days, a few extra weeks or even a few extra months, who cares? You have the rest of your life to live. The important thing is that you are working on a mission to change the rest of your life!

Q: Does Getting A Grant Have To Be A Lot of Paperwork?

A: A lot of people say, “Hey, Lesko — isn’t it a lot of paperwork to get money from the government or other places?” And the answer is yes, it could be. But who cares? Who cares if it takes you a night to fill out the paperwork, or a week, two weeks, a month, or if it is one page or 1,000 pages? Where else are you going to get $1,000 to do something, or $100,000— or a quarter of a million dollars?

What about the last week, the last month? What did you do that month? So many people say it makes them stop. It becomes an insurmountable hurdle. It is an excuse not to do something because they have to fill out some 20-page form. And that’s not even always true. There is a program, if you want to start a business that only has two pages to fill out, and you get $150,000. So, the paperwork should not stop you. And you can fill out a ONE-PAGE APPLICATION and get:

- A $20,000 grant to buy a home
- A $3,000 grant to act as a down payment on a home
- A $200 a month grant to pay for your rent, or
- $2,000 worth of prescription drugs.

Sure, some of the complicated grant proposals may take 20 or 30 pages, and it could take you a couple of weeks to complete. But again, if you are getting $100,000 or a quarter of a million dollars to work on your invention, that is worth the effort. You have to do it. Remember, with every hurdle in life, you have to figure out a way over it, around it or through it. If you do not, you are out of the game, and you should not have started the game in the beginning.

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