Great advice about how to establish credit, saving up etc!
FYI when I moved to the US I was taken aback by how the system works here. In Europe we don't have this credit score system and I found it crazy that we couldn't get a credit card because we didn't have any credit score and the way to get a credit score was to get a credit card and some debt! To me that was just insane!
We had plenty of money on our bank account, but that didn't matter at all.
I don't think it's good when the financial system encourages you to create debt for yourself, but I guess the big banks, government etc love it because that's a way to keep you under their control....
yeah, our fascination to debt in US is amazing. I always teach the snow ball effect of getting to much debt and that debt free is the best way. Thank you for the kind words and sharing.
Great advice about how to establish credit, saving up etc!
FYI when I moved to the US I was taken aback by how the system works here. In Europe we don't have this credit score system and I found it crazy that we couldn't get a credit card because we didn't have any credit score and the way to get a credit score was to get a credit card and some debt! To me that was just insane!
We had plenty of money on our bank account, but that didn't matter at all.
I don't think it's good when the financial system encourages you to create debt for yourself, but I guess the big banks, government etc love it because that's a way to keep you under their control....
yeah, our fascination to debt in US is amazing. I always teach the snow ball effect of getting to much debt and that debt free is the best way. Thank you for the kind words and sharing.
Thank you CK! 😊 🏆😌 appreciate you fam! great info
thank you Red. I also appreciate you.