How to Build Your Kid's Credit Score
I purchased my first home when I was 22. I didn’t have enough cash to pay the entire down payment, but my lender didn’t mind because my credit score was already high enough to convince them I could handle more debt. This was made possible due to my parents’ insistence that I start using a credit card as soon as I turned 18. I didn’t know how useful building credit would be at the time, but I certainly understand now. This begs the question: At what age can someone begin building credit? And what are some ways to do it?
4 Ways To Invest With Other People's Money
Generally, you need to have money to make money. But wouldn’t it be great if you could simply borrow other people’s money to invest? Well, most of the time, you can’t just borrow money out of thin air. Someone who is willing to lend you money wants to have some assurances that you’re going to make good on your promise of paying them back entirely down the road, either in the form of monthly payments, collateral against your assets that they gain ownership of in the event you default on your loan, or both. But as soon as you start accumulating assets, you can start investing with other people’s money!
In this article, I will share 4 ways you can invest with other people’s money! If you don’t have assets to borrow against yet, learn these strategies anyways so you can learn which assets you’ll need to accumulate that are required for the borrowing strategies that are attractive to you.