398: 20 Million Reward Points & $3.2 Million Credit Card Limit: How Stephen Liao Went From 0 to Credit Wiz

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 7 December 2017

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

The best way to learn history is to travel the world for free.
But our school system doesn’t teach us this. We’re tested on the year the Mongols invaded Europe instead of learning how to score free travel points from credit card companies so we can actually go visit Europe.Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0	If you don't pay off 100% of your credit card, it's not going to hurt you as long as you're making the minimum payments.
0:04.8	I highly recommend only spend money that you have physically in your bank account.
0:08.8	If that's a habit and you only follow that rule, you'll never go into debt and you'll never miss a payment
0:12.8	because if you only have $40 on your bank account, you only spend $40 on your credit card.
0:16.5	There's no way you're not going to be able to pay off the $40, right?
0:19.2	Yeah.
0:26.7	When we talk about mastering your credit,
0:29.2	so how many credit cards do you have right there?
0:32.2	These are your personal ones.
0:33.6	60 and 50 in hand right here.
0:35.7	50 here. How many do you have total?
0:37.6	220 credit cards.
0:39.1	You have 220 credit cards and how much credit line do you have open?
0:44.5	$3 million in credit.
0:45.7	3 million in credit open.
0:48.4	How many credit reward points do you have?
0:51.1	20 million.
0:52.2	It's 20 million credit reward points and you flew here on a private jet
0:59.7	How old are you?
1:00.5	I'm 20.
1:01.5	20 years old.
1:03.1	Private jet.
	...

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