Journey To Good Credit-4

The next step on your credit journey is to focus on the first prong and
build sound financial principles. There is a plethora of financial and
wealth-building advice at your disposal. Volumes have been written on
the topics of budgeting and financial planning alone. All of the
information available to you is right—and wrong!

Correct financial advice and planning information varies depending on
your goal. Without knowing your ultimate goal, writers can’t provide
specific advice and resort to generalities. Sometimes the general advice
is contrary to your goal of business building. This blog benefits
from the ability to know your goal—becoming a credit millionaire. We
can get in deep and detailed with the information you need to reach
that goal.

Next of this blog discusses the three pillars of credit wealthiness:
budgeting, bad debt reduction and credit card useage—all with the
ultimate goal in mind—becoming a credit millionaire. You’ll learn
proven strategies for bad debt reduction. You’ll discover that creating a
financial statement is not as scary as it may originally seem with our
sample net worth statement. You’ll learn 101 tips for living below your
means and much, much more.

After you’ve developed the skills to keep on the good credit path for
your entire life, the blog continues your journey, clearing the path to
becoming a credit millionaire with the rejuvination and repair of your
credit.

Credit crisis:

While some people are in need of credit repair because a temporary
hardship caused them to get behind in their payments, many people
get into a credit crisis because of a failure to be educated about the
effects of their credit decisions. They believe common credit mythology,
such as:
“The credit card company wouldn’t have given me a card if I
couldn’t handle it”
“The best way to build credit is to pay the minimum”
“I have such good credit, my credit card companies often
give me a payment holiday—I don’t have to make a payment
this month!”
“I can charge this now because I usually get a large tax
return check.”
“There’s nothing wrong with my credit report, I haven’t been
denied credit.”

Next time i'll discuss the myths affect on your credit.