Financial freedom is the main topic for today’s episode and if you’ve been around for a while, you know this is a podcast focus quite often. Cayla is passionate about helping others achieve financial freedom. When you have that, you then have time freedom to live the life you’ve dreamed about. We all want to serve and help people, but it must come from a place of abundance and financial freedom helps you achieve this.
This episode is all about a piece of that financial freedom puzzle: Credit scores. For many, credit scores are confusing and we tend to have a lot of misconceptions around them. Cayla admits that she herself had some misunderstandings around ways to improve her credit score! So in today’s episode, Cayla explains how credit scores work, where they came from, and most importantly how to leverage your credit to get ahead. It all starts with spending habits in place and knowing how the system works to make it work for you.
You will learn:
- [2:30] - If you can leverage your credit, you can create wealth.
- [3:27] - Credit scores don’t lie. You can tell a lot about people’s habits.
- [4:40] - People with high credit scores don’t need a loan.
- [5:43] - Cayla improved her credit score and is on her way to an exceptional level.
- [6:23] - How is a credit score determined?
- [7:30] - Sometimes it seems like it doesn’t make sense, but you actually want to use your credit. Cayla breaks down what you should use and how.
- [8:58] - You have to show your ability to consistently pay down loans.
- [10:06] - Make frequent payments. Do not wait till your due date.
- [11:01] - Ask for an increase on your credit limit.
- [12:27] - Banks want to keep your money and keep your debt.
- [13:39] - What are the things you can do with good credit?
- [15:40] - Be smart with this. Know and be attached to your why.
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