NuRich

Credit Cards I used to Re-Build Credit

I have gone through the process of having to rebuild credit, so if you’re looking to do the same I’ve been in your shoes.

It’s painful, but lucky for you I’ve already done it. These are the actual cards I used to rebuild my credit and here’s why:

The way I started was getting the Journey Student Credit Card.

I had already damaged my credit, and had been turned down from even getting a Macy’s…

What makes up Credit

Here’s what makes credit:

  Credit Age – The average age of all open accounts

Credit Usage – It is your current balance divided by your credit limit.

For example:

If you owe $100 on your credit card and your balance is $1000. This means you have a credit usage of 10%.

Payment History – It calculates how often you pay on time.

Derogatory Remarks – These are any dings on your record. Like…

In order for you to understand how important credit is, you need to know what it is. A basic way to describe it is by saying it’s a way for a someone to track how likely you are to pay them back if they loan you money.

This is extremely important because 99% of you will need credit at some point in your life.

For example: Financing a car or a home.

These two of the largest loans you will ever…

What are Tax Credits

This is extremely simple.

The best way to remember what a Tax Credit is:

Tax Credit – a dollar for dollar reduction of your tax liability.

**This is NOT a Tax Deduction. **

Let’s try an example:

Let’s say you owe $1000 in taxes. You have $1000 in Tax credits. If you use all your tax credits. You don’t have to pay anything.

Zero…

Here’s the technical definition:

Inflation – a general increase in prices and fall in the purchasing value of money

Sound complicated? Technically it is and know one knows exactly why it happens.

Here’s what you need to know:

The United States government tries to control it and keep it a steady 2% increase per year.

So, if you aren’t gaining interest to at least keep up with the rate of…

How To Invest In US Treasury Bills

US Treasury Bills are a great less risky investments. One of the main reasons I like to invest in these are due to it’s liquidity.

What I mean is, these bills don’t require you to hold them for long periods of time. One of the bills is as short as 4 weeks.

Think of it as a monthly loan to the government.

Three things you need to know to before you can invest in US Treasury Bills

Go to the Treasu…

How To Create Your Own LLC

Ready to launch your business? Now, it’s time to become legal. This is just for setting up an LLC in Georgia. Other states can vary.

  Step 1: Name Your LLC

  Do some research before starting you LLC. You should figure out what type of business you are starting because you want to create a name that is relevant to your industry.

For example, you would want to name your business “Billy Baseball…