Uncle John and Sally telling you to you know, you know open one credit card just use it pay it off at the end of the month

You know, and you have your $500 credit line and you're maxing out you're spending $480 and then you just wait until the end of the

Let's pay it. It's actually hurting your score as much as missing a

How many credit cards do you have right now 200?

Do you have stack of credit cards? 20 right now. I actually don't and I like to know very good

He left in Vegas. He's been traveling the world. He's 20 years old. He dropped out of Stanford and he just has been building businesses

Got over a million dollars with the credit line and did all this in like a year

So we're going to show you catch back rewards free travel. He where are you staying at right now?

I'm staying at the Marriott Marquis in Chicago. Marriott Marquis in Chicago. It's live streaming in here

For those of you who don't have good credit

Or have average credit. This is an area. They should have taught us in school like it's obviously

Here's the thing people don't realize if your credit sucks

You're going to pay way too much for your car because if you get a payment on it

The interest rates are going to be too high if you buy a house

You're going to literally spend like if you buy a $200,000 house and your credit isn't good

You'll probably spend an extra

$400,300,000 over a 30 year mortgage compared to if you had good credit

So that's one reason number two

It's a pain in butt when you don't have good credit because now they check your credit when you apply for a job

They check your credit when you apply for an apartment. They check your credit

Sometimes if you want to do a business partnership or an investment people are going to check your credit

And then obviously anything you try to buy all the credit cards visa master card amics

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