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#MONEYTALK Week 03 [Save This Post]: How to Use Credit Cards Responsibly to Earn Rewards.
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Credit card companies get such a bad rep. Some people think credit cards will mess you up, but they won't. Mishandling credit cards, however, will.
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When you understand how credit cards work and how to use them properly, you can use them to your advantage in a lot of ways. People are afraid of what they don't understand. You can fix that by making a commitment to learning about them so you can stop fearing them.
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You can use credit cards to:
1. Build credit history. High credit score = low interest rates when it comes to big life purchases like a car or home.
2. Keep a record of what you spent your money on. If you're trying to save money, take a good hard look at your next credit card bill to see where all your money went. Are there things you notice you can cut back on?
3. Get rewards. I love travel hacking. It's how my husband and I went to Bali and Hong Kong for our honeymoon without spending a dime. Our flights were 100% covered by rewards.
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Probably the most important of these benefits is that using a credit card regularly and responsibly is one of the quickest and most effect ways to build your credit score--or rebuild it if it's taken a hit. If you pay your credit card on time and in full and have low credit utilization (keep a balance of 30% or lower - in other words, don't use a high percentage of your credit line), then you'll make the credit gods pretty happy and they'll reward you for it.
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More tips in my blog post ( in IG Stories)! What are some credit card tips you have?
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: @brianlewismedia
: Amargosa Opera House during #TheDeathDrive road trip with @travelnevada and @matadornetwork
Reposted from @thestealthyrich - We saw this infographic a few days ago and thought it was a good map for those on the road to seeking wealth. @mason_jay17
thanks!
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However, we don’t think everybody needs to get all the way to the “end” of this road. .
The Stealthy Rich have found a nice groove in between step 2 and 3 by purchasing single family houses like crazy and then managing the houses (not doing any of the work ourselves). I don’t think we will ever graduate from this step...
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We consistently say that real estate is the fastest and surest way to build wealth if done prudently. .
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When I was in high school, my mom showed up to my 2,000 person public school and offered to volunteer to teach the students about personal finance. She was immediately turned away and I was left scratching my head, wondering why we were learning how to sew pillowcases and bake tiramisu, but not being taught the basics of financial well-being.⠀
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7 years later, the economy took a downturn and I realized that it wasn't just my high school who wasn't teaching about money...it was a much larger problem.⠀
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Having been fortunate to have two parents who were proactive in teaching my brothers and I about financial responsibility from an early age, I set out to write a kids book for 6-9-year-olds on the subject, to help them kickstart their habits in this arena positively, rather than attempt to break bad habits later in their lives.⠀
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You see, money underpins so much in our lives. If your financial foundation feels unstable, often, so does everything else in your life. What was your early childhood experience with money?
Creating a trust has many benefits. One of the benefits to creating a living revocable trust is to avoid probate court. Probate court can be expensive and tie up property from a few months to a year.
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I bet you Zuckerberg has smoked some
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Follow @jokerentrepreneur for 5 dollar Fridays at Zuck's
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