Englewood Rise Financial Services
We drop the best financial content to help you understand how money work! Dope tips to better your c
15/08/2024
I confess: I canceled my Tesla Cybertruck order. But not for the reason you think. Discover how other priorities and an early Tesla email prompted a car nut to cancel his Tesla Cybertruck order.
25/09/2022
https://m.youtube.com/watch?v=xp8w_v1kIf8
Englewood B.U. - Dynasty & Smoking on Hay Freestyle (Shot by: @JoeSaidX) Thanks and subscribe! Matthew Mason Music Presents Englewood B.U. "Dynasty & Smoking on Hay" Freestyle on USKi! Shot by . Be sure to check the "Prac...
10/09/2022
Yes. But investing the time to learn the process is vital.. Please be fully prepared before attempting.
10/09/2022
If you have bad credit. Please don’t hesitate to reach out to me...
In Chicago, coming up. We wasn’t taught anything about CREDIT.
For some of us. Before we was old, had bills in our name. And wonder why we have a comed bill in collections once we made it to our adult years.
Now that we’re older. It’s time for us to teach our kids the importance of credit and it’s advantages!
10/09/2022
MrBeast (Jimmy Donaldson) has over 104 million YouTube subscribers and is one of the highest paid creators in the world, earning $54 million in 2021 alone. https://trib.al/tHitS8A
10/09/2022
Danielle Bregoli (Bhad Bhabie) made $49 million in 2021 from content subscription service OnlyFans. https://trib.al/g0IwnX6
10/09/2022
Musk Tries To Cancel Twitter Deal (Again), Citing Whistleblower (Again) This is the third termination notice sent by Elon Musk, who has been trying to end his $44 billion deal over purported concerns about the number of bots on the platform, but his legal team's attention has shifted to a whistleblower who claims Twitter's leadership was negligent with users' data.
10/09/2022
How to Position Yourself as the Go-To Expert in Your Niche Personal branding is something that every business owner and entrepreneur needs to focus on, as it may be the greatest investment you can make in...
10/09/2022
Important things you should know about Credit.
09/09/2022
With more than 146 million TikTok followers, Khaby Lame is now the most-followed TikToker in the world. https://trib.al/UxCMouT
09/09/2022
05/08/2022
"I Got Rich When I Understood This" | Wallstreet Trapper & Tom Bilyeu "Getting Rich is Super Easy"►Special Thanks to our partners from Impact Theory:https://www.youtube.com/channel/UCnYMOamNKLGVlJgRUbamveAFull interview: https:...
02/08/2022
Englewood B.U. - Thornton Street Freestyle (Shot by: @JoeSaidX) Thanks and subscribe! Matthew Mason Music Presents Englewood B.U. "Thornton Street" Freestyle on USKi! Shot by . Be sure to check the "Livin' Wild" ...
30/05/2022
How To Break Up With Inconsistency, Find Balance, and Become Your Best Self TODAY | Toure Roberts In this episode Pastor Touré (PT) Roberts will discuss how we can break the patterns of inconsistency that often keep us from our absolute best. Balance is a...
26/05/2022
When A Gang Leader Confronted Tyson BLTV Classic recaps the infamous two-fight saga between Tyson and gang leader, Mitch 'Blood' Green
What is Credit?
So, what exactly is “Credit”? The real definition of “Credit” is: Confidence in a purchaser's ability and intention to pay, and entrusting the buyer with goods or services without immediate payment.
17/05/2022
‼️CREDIT CARDS 101‼️ Free Game so keep reading.
My people, stop being afraid of credit cards & learn HOW to use them properly. If you’re trying to buy a house, car, you need credit (unless you paying cash)
‼️DO NOT MAX OUT YOUR CREDIT CARDS: If your limit is $500 don’t make a $490 purchase. Lenders will see that you max out your cards & they will consider you “high risk” & deny you a loan.
‼️ DO NOT PAY YOUR BALANCE IN FULL BEFORE THE STATEMENT DATE: let me explain, credit cards have a DUE DATE & STATEMENT DATE. Your due date typically is 3-6 days before your statement date. If your limit is $500 don’t pay it in full by the due date. Leave at least 1-10% of your limit as a balance. Once your statement date has passed, THEN you can pay off your card to avoid interest.
EX: Your limit is $500, your due date is the 3rd. Pay all BUT 40-$65. Your statement date is the 9th. The credit card company will report that 40-$65 to the bureau, showing responsible usage, they like that. AFTER the 9th, pay the remaining balance to avoid interest. Got it? Ok cool.
‼️IF YOU DONT HAVE IT, DONT SPEND IT: credit cards aren’t a replacement for cash, so if it’s not in your account & you can’t pay it back, don’t spend it. Credit cards are used to build credit, not to live off of.
‼️DO NOT BE LATE MAKING A PAYMENT: derogatory marks from credit cards will drop your score faster than a nascar. Which is why I said prior, if you don’t have the cash to cover the credit transaction, don’t even do it.
‼️DONT LET YOUR CARDS GO IDLE:meaning, keep using them. If your CC company see you haven’t used your card in months, they will close the account & that will have a negative impact on your score. Use it for gas or Netflix or something.
Attention young working adults……
If you are in a position where you making good money and want to learn how money works for you please be mindful of the decisions you make with your money!!!
Some mistakes we often make is simply SPENDING MORE THAN WE KEEP! And not properly building wealth in the right order!
With that in mind….the best FINANCIAL ADVANTAGE would be to save your money and invest it in REAL ESTATE, to buy a MORTGAGE before the purchase of CAR…
Why? What if you don’t want to be a landlord?
Because the car doesn’t solidify your well being, you have to pay it, it doesn’t pay you to have, as for the purchase of building 2 flat with a basement, you live in one rent free, one tenant covers your mortgage and the other tenants payment is just passive income. Overtime putting you in a position to repeat the success. And building wealth for your family.
So you don’t want to be a landlord. Your tenants don’t have to know you’re the building owner (landlord). You can hire a property manager company who charges about 10% of your tenants payments, who will do all the landlord work for you. Schedule rent payments, post 10 day notices, and late fees, etc. Making your money work for you!!!!
Eventually multiple properties will buy the car you want cause of excellent credit, no cash down, no interest!!! So please don’t do the opposite!!!!
🚫No CAR NOTE FIRST ❌
The #1 rule to building a successful start-up is that you have to start…
10 things I didn’t know until I learned financial literacy, and understood the importance of credit and the value of money.
18-21 please take ADVANTAGE OF THIS. You will be a millionaire before you’re 30!
1. Obtain Job security
2. Open bank acc.
Checking & Savings
3. Get your debt in check.
4. Get Credit, most important of them all.
5. Budget your paycheck
6. Respect your BUDGET
7. Save more than you spend
8. Back to credit, since you been saving, Ask someone with an HIGH SCORE 700+ to be an Authorized user, their history show on your report
9. Make your 1st major purchase a multi unit that you live in. 2flat or Quad… NO HoUSE no Condo No CaR…
10. Because that was 1st Major purchase your score will rise instead of drop like when you go buy a new car. So don’t kids…
📌Credit Tip
Credit Karma is NOT Free!
Credit Karma makes money off of the personal information you volunteered! 🤔...🤯
🔑 Credit Karma is NOT a credit monitoring site! - They collect your information from the credit bureaus to create targeted campaigns based on your personal information
which makes Credit Karma an affiliate marketing site!
Credit Karma DOES NOT give you FICO scores! Which is what mortgage lenders use. 🎯
🗣Credit Karma provides you with Vantage scores (Not heavily used by lenders) 🤷🏾♂️
Credit Karma buys your information for pennies on the dollar, this is how they are able to provide you with updates every 7 days. ✍🏾
Why?... To get you to look at your scores and their AFFILIATE offers! You know, the offers for those credit cards that say you have a fair, good or very good chance of being approved for....🧐
Have you noticed they never say "You have a bad or poor chance⁉️”🤦🏻♀️
Apply, get denied ❌and now you have an inquiry on your credit profile. ⬇️ 😟
And those of you that are seeing you have a "chance" of getting approved for an American Express 💳 think again... You would be surprised to know, American Express only pulls from Experian for credit cards? 🤯
🗣Credit Karma DOES NOT give you Experian credit report or scores!
23/12/2021
6 things you didn’t know!!! 👀
1. Credit limit increase requests.
2. Business credit cards.
3. Unpaid medical bills.
4. Phone payment plans.
5. Withholding rent.
6. Unpaid parking tickets.
7. Overdue library books.
8. Co-signing a loan.
Happy Holidays
In the new year, don’t hesitate reaching out to us about your credit woes.
We will help you get a better understanding of credit and how to increase your score.
New Year
New You!!!!!!