The 6 Biggest Factors of Credit: How To Build A $3 Million Credit Line

The Tai Lopez Show

Tai Lopez

Business

4.8 • 6.9K Ratings

🗓️ 5 March 2018

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

Credit is a highly misunderstood space. We believe myths like checking our credit score hurts the number. We mistakenly think that there’s a limit to how many credit cards we can take out. When we clear up the confusion, we can see the potential and opportunity this space provides.Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcript

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0:00.0	If you had, you know, say, a hundred credit cards and they're all five years old,
0:04.8	opening one new credit card is not going to impact your score as much because one credit card
0:09.6	with a zero age averaged into, you know, 50 or a hundred credit cards or accounts that you have,
0:15.0	it's not going to lower that as much.
0:16.7	Versus if you only have one credit card that's, you know, you're old and you open a new credit card,
0:20.4	it just divided that by two.
0:22.0	What is up?
0:29.3	We're on Tai Lopez's live stream right now.
0:32.0	I'm Stephen Lau with the Credit Mentor Teaching Ties Credit Mentoring Program.
0:37.1	We're live here from Beverly Hills at Ties Mansion.
0:40.4	Here we did a live call last night.
0:42.5	I kind of answered some questions on credit.
0:44.7	Gave you guys some tips that you can immediately start using and for those of you that missed
0:49.6	that live call, I'm here again, doing a quick Q&A, give you guys some stuff to walk away with
0:54.2	today to immediately start applying to your credit.
0:56.9	So we're just going to get started.
0:59.2	Yeah, just give it a quick intro.
1:01.6	If you guys haven't seen my face or haven't seen any of the ads, I'm Stephen Lau,
1:05.8	Instagram handle, Lau Step, L-I-A-A-O, STP if you're not following me.
1:10.4	I'm from Ohio.
1:11.3	A year ago I dropped out of Stanford, got $3 million in lines of credit in less than a year
1:17.4	and I'm staying here with around 220 credit cards.
	...

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