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Earn Your Leisure

GIVE YOUR CHILD A 700 CREDIT SCORE

Jan 4, 2025
Learn how to set your child up for a successful financial future with strategies to help them achieve a 700 credit score by age 18. Discover the importance of adding children as authorized users on credit cards to build their credit history early. The discussion also emphasizes the differences between personal and business credit, highlighting how understanding these can benefit young entrepreneurs. Plus, insights into Dun & Bradstreet's role in establishing business credit empower listeners to navigate the complexities of credit management.
08:41

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Quick takeaways

  • Teaching financial literacy and adding children as authorized users on credit cards can empower them to achieve a 700 credit score by age 18.
  • Understanding the differences between personal and business credit is essential for entrepreneurs to maintain financial stability and credibility.

Deep dives

Managing Holiday Finances

The holiday season often leads to increased financial strain, as many individuals find themselves dipping into savings or accumulating credit card debt to cover expenses. A proactive approach to holiday budgeting can alleviate this stress and help maintain financial health. Utilizing tools like a time-checking account can aid in managing expenses with features such as no monthly fees, fee-free overdraft up to $200, and getting paid up to two days early. These strategies not only support responsible spending but also allow for a more enjoyable holiday season without the burden of financial worry.

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