16/07/2021
The difference between The poor mindset and the wealth mindset is that the wealth mindset uses the credit to buy an income generating Asset to pay off the loan. The problem is not the loan, the problem is what you do once You get it. If you take a credit card and use the banks money to buy Shares, ETFs and mutual funds that earn compound interest, you could use those profits to payoff the loan increase your credit score and increase your streams of income. Protect you source of income.Imagine flexing about having a high credit score!, the fact that you care much about credit score simply means you're broke, you can't afford a lot of things and will need financial assistance from the bank of which you will have to pay back with high interest.