We all want money. We all need money. Whether it's a lot of money like Jeff Bezos or just enough money to not struggle anymore. Or even if it's just enough to make it till next payday or the next contract we can land. The world revolves around money and there's nothing we can do about it except Get That Money.
There's nothing wrong with that. We live in a capitalist society. Until something comes along, that is what the world is going to operate from. A wise man once said, "It's not about how much money you make, it's about how much money you can keep." There's plenty of ways we can explore to do just that, but we're going to focus on one particular path that many know about, but may not have the strategy or lack the discipline of doing. What is it you're asking yourself?
I'll be the first to admit that I am not the best with money, but thanks to my wife, I have improved. I would also credit that to wanting to be better. I can't be a good entrepreneur if I can't manage my own money. If I can't manage my own money, how can I handle my business's money?
So I've sought out knowledge on how I can be better with money. In the age of YouTube and Google, things couldn't have been any easier to learn how to work your finances and to become better with it. If you're not a huge fan of YouTube University and Google University, there are audiobooks for the auditorial learners. For those who are more into the kinetic style of learning, or the physical type of learning, there a number of books out that talk about finances. One of the good things about being married to a teacher is learning the types of learners there are and the best ways to be able to teach to those types of learners.
I'm sure you've probably learned about credit the same way I did, around 18 or 19. Rather you've learned about it on college campuses or through the mail when credit cards are sent to you from out of nowhere. To be completely honest, I've thanked the heavens when I got my first credit card. Mainly because I was a broke college student. Of course, later on in life, I looked at it as a demon from hell when I need or want to use my credit.
All joking aside, it was because of my ignorance of credit and proper use of credit that ultimately hurt me. Now I'm paying for it. I'm sure many of you probably have the same or similar experience as I have. Good thing is that we still have the time to turn things around and there's plenty of resources to help us turn it around. Which is the reason for today's conversation.
So there are two types of credit, BUSINESS CREDIT, and PERSONAL CREDIT. They both serve the same purpose, just in different ways. You obviously can not get business credit unless you have a business. A business that is recognized by the government with a legal structure, IRS number, website, business phone number, and so forth. If you're looking to start a business and looking to learn how to start a business, I would suggest for you to check out the blog that I wrote earlier called Entrepreneurship For Beginners.
Personal credit is separate from business credit because it's personally connected to you and not to a business. To shed some light on the subject, I've brought in guest professor Lisa Day.
Guest professor Lisa Day, the founder of Wallet Share Advisors, comes into The School of Hard Knocks and teaches a lesson on Finances. Her company, Wallet Share Advisors, is experienced to help you rebuild your credit so you can have greater leverage and increase your power to use your credit. It’s easy, fast, and affordable. Working effectively with all (3) credit bureaus to delete the most derogatory credit issues on your credit report. A process that can take 4 to 10 months.
Guest professor Lisa Day has a wealth of knowledge and we did talk a lot about personal credit and business credit. We also talked about how to improve them as well and dispel some rumors about credit. If you're struggling with your finances and getting your credit together, she has been the first person I've called to help me with my credit. I would highly recommend you take notes of this lesson because it can literally change your credit life.