Credit building tips, speaker addressfrom @raitryna

Transcript

Have a perfect credit score rank over 15 credit cards at 26 years good, and the one thing we're not gonna do going into 2026 is have bad credit. So here are the five things that I did to have a perfect credit score. Starting off with number one, you can't have a credit score if you don't have a credit card. So the day I turned 18, I went straight to Bank of America, and I applied for a credit card. I got tier Visa signature and got approved for a thousand dollar limit. I'll make another video on the best beginner credit cards to apply for. But once you have a credit card, you're gonna use it every single day, all your expenses, you're gonna put it on that credit card. But the key thing is you're gonna treat it like a debit card. If you don't have that money sitting in your checking account, you cannot put it on your credit card. And all the expenses that you put on your credit card, you're gonna pay it off in full every single month. I personally always paid it off every time I got paid. So every Friday when I got my paycheck, I paid my credit card off in full because you never wanna carry any balance, no debt, and you don't wanna ever pay any interest. Once you've had this card for a while and you've proven to yourself and the bank that you're responsible with credit, you're gonna get a new credit card every six to twelve months. And this does three things. For number one, it allows you to build relationships with other lenders. Number two, it allows you to increase your overall credit limit, which lowers your overall credit utilization score, which impacts your credit very heavily. And third, it allows you to take advantage of credit card points and bonuses when you sign up for new cards. And the last thing that I did that helped me substantially build my credit was getting an auto loan. So from '18 to 21, I just had credit cards, and I always paid them off in full. Better had a late payment, so I had good credit, which then allowed me at 21 years old to get an auto loan at 0% interest. I got a 2021 Tesla model three brand new. Then I had a car payment for five years, paid that car note every single month, never missed a payment, and now it's paid off. But now at 26 years old, I have great credit. The bank's nonresponsible and credit worthy, so I can get any credit card I want. I can get a mortgage. I can get a business loan. I can get a super car if I wanted to. Do not miss out on less opportunities by having bad credit.