MTI081: Build Wealth, Not a Credit Score with Steve Stewart

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 8 April 2016

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Can you be credit worthy without a credit score? That’s what Financial Wellness Coach, Steve Stewart, believes. A credit score is based on your credit report – but the only things on credit reports are debts, debt products, and bills

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks,
0:08.2	invest in your life. Welcome to the Money Tree Investing Podcast. I'm Linda P. Jones, your host this
0:15.3	week from Be Wealthy and Smart. And our guest is Steve Stewart from Money Plan SOS and no debt, no credit,
0:23.2	no problems. This episode is brought to you by Wonder Capital. Wonder Capital is the leading
0:29.5	online investment platform that allows individuals to invest in large-scale solar projects across the
0:35.4	U.S. Wonder's solar investments allow you to earn up to 11%
0:39.6	annually while diversifying your portfolio, curbing pollution and combating global climate change.
0:46.0	Wonder Capital uses sophisticated underwriting and investing algorithms to help you achieve your
0:51.0	investment goals. Best of all, Wonder Capital doesn't take any fees for investing
0:55.7	your money. Thousands of users have already taken advantage of Wonder's platform.
1:00.6	Create an account for free at Wondercapital.com forward slash MoneyTree podcast. That's Wonder
1:07.2	with a you. Invest in Wonder Capital's solar funds. Do well and do good.
1:13.2	Now let's listen to my interview with Steve and hear what he has to say about don't build your credit
1:17.4	score, build your wealth. How you doing today, Steve? I'm doing great. Thanks for having me on.
1:22.9	So I know that you talk about credit and you're an expert on different things about how to
1:29.2	improve your credit, but one of the things that I found really interesting about you is you were
1:33.4	talking about how credit worthiness is more important than a credit score. So first of all,
1:38.7	tell people what is creditworthiness? Right. And I actually don't talk about credit so much as
1:43.7	being credit worthy. And I think
1:45.8	people have this misconception that being credit worthy means your credit score is really good.
1:51.2	And it's more of a subset of that, that credit scores and that whole checking your credit score all
1:56.4	the time. It's really a subset of being credit worthy. Being credit worthy is really more like an abstract topic. It really isn't, it's nothing a subset of being credit worthy being credit worthy is really more like an abstract
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