125: Reasons to Always Pay with Credit: Teach Yourself and Your children

Jul 14, 2020

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How’s your credit? Not too bad, or not too good? Do you need to increase your credit and decrease your debt to create wealth?

Today’s guest is Rondi Lambeth, founder of Fortress, a financial services company. Rondi has helped more than 250,000 people increase their credit, reduce their debt, and create wealth. He is a FICO-certified credit professional and federally-approved/ court-appointed witness on credit.

Topics on Today’s Episode:

Credit Cards: Cheaper, more secure, and more protection from being stolen
Debit Card: Don’t lose it; leads to lost funds and possibly bankruptcy
Debit vs. Credit: Consumer must prove fraudulent charges to bank vs. merchant must prove legitimate charges
50-Million Debit Cards: Hacked, held for ransom, and released on the Dark Web
Badass Vacations: Get all the perks from rewards, zero tax
Teach Your Children: 99% of people know nothing about money, credit, taxes
CPA and Taxes: CPA‘s job is to file taxes, not help you to save money
Most rich people want to help others, so they become a coach, mentor, trainer
Multiple Credit Cards: All for different reasons that do different things
Installment Loans: Never pay them off early, just pay them down quickly

Links and Resources Mentioned:

Quotes:

“Most people do not truly understand how to play a rich man's game because most of us are not rich.” Corey Peterson

“That's what most people do with their money, credit, and taxes. They're just doing whatever. Wrong answer.” Rondi Lambeth

“The love of money is the root of all evil, but I was taught money was evil, rich people were evil. Rich people are bad. They just take advantage of you.” Rondi Lambeth

“You want to have multiple cards that are always being used.” Rondi Lambeth

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Text the word MONEY to 408-500-1127 to get my free private money program and credibility kit for single family.