Ep. 160: Mastering Your Money: Strategies for Credit Score and Debt Success

In this episode we discuss the important topics of credit scores and debt.

Firstly we explained:

1. The basics of what a credit score is.
2. The basics of how to improve your credit score.
3. The basics of why your credit score has such a huge impact on many areas of your financial life.

Then we jumped into:

1. If you believe that “all debt is bad debt” and are striving to eliminate all of your debt, it might not make the most mathmatical sense, but it is much better than overleveraging.
2. Do not borrow the most amount of money for your mortgage than a bank will lend to you.
3. Do not borrow the most amount of money for your vehicle(s) that a bank will lend to you.
4. Think long and hard before borrowing money to pay for a degree.
5. Mindless debt accumulation can happen very easily. Guard against it.

Email [email protected] with any questions. Visit http://www.weeklywealthpodcast.com/contact to schedule your time to meet with David Chudyk.

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