Eileen E. Galbraith: Becoming Your Own Banker and Exploring the Infinite Banking

About Eileen E. Galbraith:

Eileen is a certified FICO Pro and international best seller, best-selling author and speaker and sought-after business coach, and the founder of renewed abundance and credit know-how throughout her career. She has run multimillion-dollar businesses and increased cash flow and profitability throughout her markets. Recognized as a professional business coach, Eileen positions her clients toward optimal possibilities such as optimizing their personal credit to position themselves to build credit in the name of their business. This all-important step opens the doors to financial credibility, fundibility, and business growth. Eileen has a high-energy, no-nonsense approach, and loves supporting people with their goals. Just look for the dancing queen and you will find Eileen.

In this episode, your hosts, Jason and Scott, together with Eileen E. Galbraith discuss:

• Importance of credit behavior over credit score
• Impact of FICO 10T model on payment trends
• Steps to build business credit separate from personal credit
• Strategies for increasing personal credit limits
• Benefits of Infinite Banking concept for financial control

Key Takeaways:

• The new FICO 10T model places greater emphasis on payment trends rather than just credit score, and paying bills early and paying more than the minimum can positively impact your credit profile.
• Commingling personal and business finances is a common mistake that can hinder building strong business credit.
• Increasing personal credit limits can provide more leverage when applying for business credit, which is typically 2-3 times higher.
• The Infinite Banking concept offers an alternative approach to traditional financing, allowing you to become your own banker and have greater control over your financial resources, and this can be particularly beneficial for entrepreneurs.
• Educate yourself on credit reporting to make informed financial decisions.

"When you become your own banker, you become the person that you can loan from yourself. You do not have to show bank statements. You do not have to have a credit score. You do not have to show your tax documents for the last two or three years.” — Eileen E. Galbraith

Connect with Eileen E. Galbraith:  

LinkedIn: https://www.linkedin.com/in/eileengalbraith/   

Book Eileen: www.bookeileen.com   

Connect with Jason and Scott:

Website:     https://henderxcapital.com/masteryourmillions

X (Twitter): @MasterYourMs https://twitter.com/MasterYourMs 

Facebook:  https://www.facebook.com/groups/realestateinvestorsofutah 

Instagram: @henderxcapital https://www.instagram.com/henderxcapital/

         @jasonihenderson https://www.instagram.com/jason.henderson/ 

Email: jasonchem@gmail.com, scott@henderxcapital.com