How I got my 716 credit score

716 

These days I say my credit score with pride but I remain humble because less than 16 months ago I had no credit and didn't truly know what it was. This time last year my credit debt was building up. The truth is that I got a taste of the addiction lifestyle of living on credit. I was 5 credits in and it still didn't seem like enough. Then like an Angel my high school teacher Ms.Daley paid for my first financial class. Every Sunday I went to the one of a class at a church on top of a hill in Bel Air. By the 4th class I was convinced to cut and close every card I had and started my financial education of getting my hands on everything that taught me about how to rebuild credit score.

HOW I PAYED OFF 3/5 credits so far. Debt snow ball. 

Line up all your credits from smallest to largest.. Put all the extra $ you made towards lowest until you pay it off. When you pay off lowest then use that old minimum and add the money that would be used to pay the credit to the next lowest credit.

All the mistakes I have made, have turned into lessons learned.

*im not financial expert but I am a sponge and I'm learning everything I can about financials. Don't take my word study and learn about credit yourself but here are my tips. 

•ALWAYS pay the minimum on time.. But If you can pay more than the minimum, pay more. Creditors make $ off of interest, the longer you take to payoff balance the more interest you will pay on the money.. 

I was paying 19% interest so that means for every $100 dollars I was paying 19 dollars just to borrow it. 

•Don't use more than 30-50% of the credit limit. Example if the creditor gives you $100 don't spend more than $30-$50 of the 100. 

•Don't open to many credits at a time and don't allow businesses to run your credit score. 

-If I could do it all over again knowing what I know now.. below is what I would do (This is also what I will recommend to my little sister if she asks how to build her score or to anyone who has no credit at all.) 

1. First thing I would focus on learning to manage my own money. I came into a problem using credit because I didn't fully grasp how to manage my own money.. So borrowing more money made it worst. 

2. Save enough to get a secured credit card. What a secured credit card allows you to do is to build your credit with your own money. It is not a debit card but a secured credit, the difference is the secured allows you to build you credit score. 

3. Then when I learned how to manage and budget my own money and use my secured credit well I would apply for a credit card.. Either use it for expenses such as gas or emergencies and pay the amount back each month. Or I would only use the borrowed credit to build assets that bring money back into my accounts and not liabilities, things that depreciate in value after you buy them.  In the words of Tom G "invest in something." Use the credit to invest into yourself by getting a new skill or education something that will benefit you and your family. 

SN: the reason the average person gets into debt is because they have no financial education and because they buy things they don't need. I will recommend to anyone who doesn't want to make the same mistakes I made to get a few books and watch a few videos on what a credit score is compile of and learn to use it to your advantage. 

If you're not continuously learning, you will be left behind -Harv T. Eker

For the third time in the last three years I have read Harv T. Eker's book Secrets of the Millionaire mind, and each time I take away something new to apply to my life.

The takeaway this time around is what I want to share with you. If you're ready to grow and move onward in your life, I know that it will be something that you'll find useful.

Here it is....

Wait before I continue I want to share a secret with you on how I was able to read this book in one week..

The secret is that everyday this week I have gotten up an hour earlier than I normally get up in order to read more. I usually get up at 6 to get ready for work but this week I got up at 5, just to read.

Before evening brushing my teeth I went to the table everyday and just read. While highlighting paragraphs and sharing quotes on my snapchat. SC:Everlecia

Now that I share my reading secret here is the takeaway: Act in spite of fear. 

You and me may have this common, we let fear stop us from moving forward with things we want to accomplish in life. Harv made me aware that the key is not to get rid of that fear but to tame it.  We'll never stop having fear, worries, and doubts but we have to act in spite of it.

"We are creatures of habit, we need to practice acting in spite of fear...in spite of uncertainty, in spite of discomfort, and even to practice acting when we're not in the mood to act." -Harv T. Eker

What Will Smith Confirmed for me

    Sometimes I break my own heart, simply because I'm the type of person that looks at the bigger picture of things when it comes to a lot of my goals. When it instead I should be honing in on the small steps it takes to accomplish those goals. 

    The perfect is example is when I first started writing my book. I had this amazing idea on how my book would turn out once completed. But as I worked towards that idea it wasn't easy at all as I focused way too much on the bigger picture of things.

    As anyone who has ever completed anything before knows that in the beginning and in the middle of that process, often times its not always easy to see your vision, especially when you still have a long way to go. I had to realized that the key to completing anything in life was and is to focus all your energy on completing one step at a time, for me the first step was creating my first sentence, then paragraph then chapter. Until all the pieces and steps completed my first book in it's entirety; This Is Not A Book, This Is A #ThrivingTool.   

    Actor, Will Smith confirmed my new found concept with the way he tackles projects as well. When asked what he learned after building a entire wall for his dad's store, when originally he told his daddy that he couldn't because he thought it was impossible for him and his younger brother, as they were 12 and 9 at the time. After a year and a half they did it, and that is when he learned the the key was laying one brick perfectly, then another and another until he had a wall, and saw how everything was to be approach that way to make accomplishing things easier. We must look it the same, Every small step is a brick that is creating our wall/goal. 

Every small step is a brick that is creating our wall/goal. www.njhorseplayer.com

+everlecia taylor 

@Everlecia