February Local Featured Author: Corey P. Smith: "Conspiracy of Credit"
Smith formed Credo Books in 2013 and published Conspiracy of Credit on November 1, 2013. “You can always borrow a million dollars faster than you can earn on a job.” With a wife and three children to support, he scrambled to find a new way to create income from nothing. Smith tried to think of ways to make money quickly. “I couldn’t just go get a job at McDonald’s, because I had a wife and three kids to support,” he said. His life story was so compelling; he felt it would make a great book. But, he wasn’t an established writer and knew the only way to sell a book would be to build a strong following. One day, Smith noticed a homeless man holding a sign that said, “I will beg for my future.”
It was at that moment he realized that homeless people had more power than most people who worked every day. He said, “Because homeless people owe nobody money.” Two weeks passed and one night Smith awoke with deep depression and feeling frustrated about his life. He said, “He thought about the homeless man holding the sign.” He remembered telling his wife that credit is for poor people, but it’s also a way out of struggling, if leveraged correctly. Smith decided to experiment with the idea and so he took two homeless men and began rebuilding their credit. For 63 days, Smith paid for them to stay in a homeless shelter, while he worked on their credit.
Smith and family moved into a room at a relative’s house while he worked around the clock to build the homeless man’s credit. He started to examine the entire economic structure of credit and how it holds most Americans in bondage. Preventing them from buying a home, purchasing a car and sometimes a job. After over six months of research, Smith created a technique using affidavits to virtually remove anything from a credit report including student loans, bankruptcy and tax liens.
Most people don’t realize credit bureaus are nothing more than record keepers, he states.
People are tricked into paying for credit protection and credit score monitoring services, but they never realize these are nothing more than revenue streams for the credit bureaus and banks. Smith now has a bestselling book, Conspiracy of Credit, over 60 rental properties throughout the United States and a private rental car service. This earns him over 1.2 million dollars a year, which he pairs with other businesses and entrepreneurs to accumulate more wealth. He has a small staff of six people and is currently working on a documentary entitled “Credit is for Poor People.”
Smith, 41, is now a self-made millionaire who has built his fortune almost entirely using credit. “Credit can be disastrous for anybody, but it can also be rewarding. You can always borrow a million dollars faster than you can earn it,” states Smith. He has found that it’s a constant game when it comes to keeping up with the banks, credit card companies and credit bureaus. Additionally, he has taught other people including the homeless how to leverage credit so they can become financially stable.
To read more about Corey P Smith’s challenges with credit and building his business, check out the Conspiracy of Credit. www.conspiracyofcredit.com,www.coreypsmith.com.
