How To Get A Perfect Credit Score, Inflation & Shelter

Mar 12, 2024

Learn how to boost your credit score, dissect inflation metrics, unravel the $34 trillion debt crisis, and delve into housing market uncertainties with humor and insights in this engaging financial podcast.

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ADVICE

Prioritize On-Time Payments

Always pay your bills on time to maintain the largest portion of your credit score.
Avoid 30-day late payments as they get reported and damage your credit significantly.

ADVICE

Use Auto-Pay for Credit Cards

Set up automatic payments for your credit cards to never miss minimum payments.
This helps prevent late payment marks that can hurt your credit score.

INSIGHT

Keep Credit Utilization Low

Credit utilization impacts 30% of your credit score and using too much credit lowers your score.
Keeping utilization under about 30% is considered optimal for credit health.

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In this "The Higher Standard" episode, Chris, Saied, and Haroon mix humor with economic deep dives. They cover building a top credit score and analyze S&P 500's performance via Bloomberg. Next, they tackle CNBC's report on the Fed's latest inflation measure. They then explore SuperCore Inflation with The Kobeissi Letter and tackle rent inflation's mysteries with the Washington Post. Plus, they dissect dire predictions of a $34 trillion debt crisis and rising mortgage rates from Fortune. Join them for a blend of laughs and insights in today's financial seas.

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Resources:

S&P 500 Sector Performance (Bloomberg)

Key Fed inflation measure rose 0.4% in January as expected, up 2.8% from a year ago (CNBC)

Core services less shelter inflation is a key metric that the Fed follows, also known as SuperCore Inflation (The Kobeisissi Letter via X)

Rent is driving inflation. But there’s something off in the data (Washington Post)

Pending homes sales are officially back below 2008 levels in the US (The Kobeissi Letter via X)

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’ (Fortune)

Disclaimer: Please note that the content shared on this show is solely for entertainment purposes and should not be considered legal or investment advice or attributed to any company. The views and opinions expressed are personal and not reflective of any entity. We do not guarantee the accuracy or completeness of the information provided, and listeners are urged to seek professional advice before making any legal or financial decisions. By listening to The Higher Standard podcast you agree to these terms, and the show, its hosts and employees are not liable for any consequences arising from your use of the content.