that credit is key when it comes to building sustainable wealth. Credit is said to unlock the doors to any and everything you want in America, however, most people fear the very word–credit. Let’s face it, throughout our adult lives we’ve all made some good credit decisions and some we’re not so proud of. The silver lining is it is never too late to work on it and with my tips below you’ll be on your way to owning that luxury Beamer, Benz, or Bentley you’ve always dreamed of.
1. Monitor Your Credit
My first tip is to always monitor your credit! According to reports from the Consumer Financial Protection Bureau (CFPB) far too many people neglect to request and monitor their credit report annually. It’s recommended that you pull your report annually and check for inaccuracies. This is critical to building and improving your overall credit score. Small inaccuracies can affect your credit score in a negative way and a simple letter to dispute inaccuracies can dramatically improve your credit score in 30 days or less.
There are several ways to monitor your credit for FREE. My personal favorites are Credit Karma and also Annual Credit Report. These Digital platforms will allow you to get a copy for FREE of your credit report both online and mailed out to you. So if you haven’t done so TODAY go pull your report and inspect to ensure everything is accurate and up to date.
2. Credit Utilization
In my professional life, one of the biggest mistakes I see
