Having parents to provide an ongoing financial education from childhood to adulthood is an awesome advantage. Its what's needed to help counter the spend and must have culture.
I for one am not in debt I do not have any credit cards but yet my credit score sucks why is that why do you have to be in debt to have good credit score
It’s not that you have to be in debt, but showing that you’re able to handle a line of credit. I’ve never paid any interest on credit cards, but showed I could handle a line of credit by paying off my credit cards in full every month.
“What I have been taught about debt?” Frankly, I've learned that debt has a bad component as well as a good component and how one benefits from it depends upon the degree of financial literacy they truly possess. For stance, if individuals aren't aware of what you conveyed in the presentation, they will pay dearly for such ignorance. But on the other hand if you're adequately informed by parents or life experiences (unfortunately I'm of the latter), there are such benefits as “cashback”, “point conversions”, debt leverage, as well as getting value presently from a objectively planned form of debt repayment. It's all a matter of being “in the know”.
Thanks for watching! 😘 Comment below, what have you been taught about debt??👇👇
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Compound interest is your best friend when you’re investing, it’s also your worst enemy when you’re in debt. You choose your future! 💪🏼
#truth 👊
“Being debt free I am able to put my money where ever I want” Thank you for sharing!!
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Being debt free is the best feeling! Great tips as always!
Love it!! 🙌
Beautiful eyes, beautiful heart, and a wealth of knowledge. We appreciate you!
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Having parents to provide an ongoing financial education from childhood to adulthood is an awesome advantage. Its what's needed to help counter the spend and must have culture.
It is definitely very helpful.
I for one am not in debt I do not have any credit cards but yet my credit score sucks why is that why do you have to be in debt to have good credit score
It’s not that you have to be in debt, but showing that you’re able to handle a line of credit. I’ve never paid any interest on credit cards, but showed I could handle a line of credit by paying off my credit cards in full every month.
“What I have been taught about debt?” Frankly, I've learned that debt has a bad component as well as a good component and how one benefits from it depends upon the degree of financial literacy they truly possess. For stance, if individuals aren't aware of what you conveyed in the presentation, they will pay dearly for such ignorance. But on the other hand if you're adequately informed by parents or life experiences (unfortunately I'm of the latter), there are such benefits as “cashback”, “point conversions”, debt leverage, as well as getting value presently from a objectively planned form of debt repayment. It's all a matter of being “in the know”.
Such good points Ronald. 🙌