WEEK 1: CREDIT KNOWLEDGE
This Week’s Goal: To learn what credit is, how to get your credit report for free, and how areas of your credit report impact your credit score.
Day 1: Credit Goals
Today’s Easy Financial Task: Identify, write down, and share your credit goals.
How to rock this task:
- List up to two specific goals for your credit
- Write down your goal(s)
- Share them (tell me, tell a friend, or share your goals in the Dream Catcher Challenge Group)
Welcome to the the first week of the Challenge. Woot! Woot!
Our mission this week is to tackle the fundamentals of credit including what’s on your credit report and how your credit report is used to calculate your credit score. A solid understanding of these basics is what will help you achieve long-term credit score growth and maintenance.
Are you excited?! I am!
On the first day of each Live Richer Challenge, we tackle our goals. The Credit Edition is no different. Let’s get started.
I want you to identify two specific credit goals you want to work on during this Challenge, and what goals you want to continue working on after this Challenge comes to a close.
Know this: your credit score may not improve by leaps and bounds overnight, or within the three weeks of this Challenge. Buuuuut, any increase is a great achievement and making a commitment to do what’s necessary to improve your credit long-term will produce the results you desire.
Take me for example. I was able to increase my credit score by over 200 points (from 547 to 750) in a year and a half. It’s possible folks!
Make sure you write down when and how you plan to achieve your credit goals.
Not sure how to make your credit goal(s) happen? Don’t worry!
Next week, I’ll be giving you tasks to work on that will help you clean up your credit report and increase your credit score. You can always update your “how” as we move forward with the Challenge.
Next, write down your goals and post them somewhere. I created a FREE goal sheet for you. Get it HERE.
Don’t forget, you need to pick an accountability partner(s).
I suggest picking a friend or organizing a group of people who want to do the Challenge with you, so you’re both on the same page.
You can also head into the Dream Catcher Credit Challenge Group to find other Dream Catchers who are working through the Challenge as well.
Let everyone know that you are a part of a movement! Doing so will encourage others to join.
Tag me @TheBudgetnista and use hashtags #LiveRicherCredit
WHAT ARE YOUR GOALS?! Share in the comments below!
I can’t wait to hear what you’ll be working on!
P.S. Don’t forget to get your free Live Richer Challenge: Credit Edition Starter Kit. Get it HERE.P.P.S. Here's a copy of the Challenge Calendar. It’s a fun way to keep track of your progress.
You can also reach out to me here:
My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective over her. Before I share any product or service with you, it must pass my Lisa Rule.
What’s the Lisa Rule? If I would not advise Lisa to use a product or service, I won’t advise you to either. YOU are my Lisa's. I feel protective over you and your financial journey.
The products and services I recommend pass my Lisa Rule. Yes, I may be an affiliate or partner and earn a commission off of referrals or income, but I would not recommend a product or service that I didn’t believe was helpful and useful.
Share the wealth!