What exactly is a credit score, and does it really matter? 

Let's demystify the concept and explore its significance.

Around 90% of lenders use credit scores to assess potential borrowers, which means it directly impacts the loans you can get, the interest rates you'll pay, and the terms you'll be offered.

It also affects your ability to rent a home, influences insurance rates, determines utility deposits, and even impacts your job prospects. In short, your credit score holds significant sway over your financial opportunities.

In this episode, we're going to crack open the vault and dive deep into the world of credit scores. I'll break down exactly how they work, what factors influence them, and, most importantly, how you can improve and maintain a healthy credit score. 

Take charge of your financial well-being today. Hit that play button and empower yourself with the knowledge to make smarter financial decisions. IN TODAY’S EPISODE, I DISCUSS: What credit scores are and why they matter for borrowingFive levels of credit scoreHow FICO Scores are calculatedRECOMMENDED EPISODES FOR YOU 
If you liked this episode, you'll love these ones:My Favorite Investing Accounts (And How to Maximize Your Returns)How to Invest in ETFs & Index Fund to Create WealthWhy Knowing Your Financial Numbers is Vital to Your FutureWealth Habits That Make a DifferenceTAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  

OTHER RESOURCES:
Get your FICO score for free: https://www.myfico.com/credit-education/whats-in-your-credit-score
Get your free credit report: https://www.freecreditreport.com
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

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“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Demystifying Your Credit Score & Does It Matter

The Affluent Entrepreneur Show is for high-level entrepreneurs and CEO's who know they want to create an abundant lifestyle, not just wealth. You're tired of overwhelm, and want to have more time freedom. You know you have it in you, you just need to understand why creating a legacy right now matters - how to be present, how to have financial liberation from the constant pressure to be in your business. You're ready to learn what it takes to have financial liberation and achieve affluence in all areas of your lifestyle, not just your business. Hosted by Mel Abraham, CPA, Financial Expert, Author, Speaker, and Mentor. It’s about having a richer lifestyle, making a deeper impact, and living with complete freedom. You'll learn how to scale your business so that you scale your money. This is the show for you to learn how to achieve financial empowerment and financial liberation to allow you to live your legacy right now. This podcast is the one to listen to if you're ready to become an Affluent Entrepreneur. For more information on The Affluence Blueprint visit www.melabraham.com

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Are you gearing up to hit essential financial milestones by age 50? It's not just about getting there; it's about paving a clear path to secure your future! In today’s episode, I dive deep into the nine financial goals you should achieve by the time you turn 50. From understanding the importance of liquidity and eliminating destructive debt to establishing a robust protection plan with insurances and wills, I cover the crucial steps to ensure you're on track for financial freedom. I also share insights on why aligning your family with your financial goals is vital and the significance of instilling the right values over merely accumulating assets. Ready to assess where you stand and adjust your sails towards a more secure future? Tune in to the full episode now! IN TODAY’S EPISODE, I DISCUSS: The necessity of building an emergency fund that covers 9-18 months of expensesStrategies to tackle and eliminate both destructive and productive debt by age 50Creating a protective shield with the right insurances, trusts, and wills to safeguard your estateRECOMMENDED EPISODES FOR YOU  If you liked this episode, you'll love these ones:My Greatest Money Lesson Came from a 6-Year OldShould I Rent or Buy a HomeWhat to Do If You Think You’re Gonna Get Laid OffGetting Your Partner on the Same Money Page    
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9 Financial Goals You Must Hit by 50

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Dividend Investing For Beginners

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How To Manage Your Money Like The 1%

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Demystifying Your Credit Score & Does It Matter

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