Turn Your Credit Into Passive Income | 561

You don’t always have to rely on financial capital to create cash flow passively. You can use human capital and you can use your credit too! In this video, I’m talking about some of the best ways you can use credit to create passive income.

Watch now if you’re struggling with credit, if you have good credit and want to help those who don’t, or if you simply want to learn how to leverage your credit to make more money! 

Affliate Link for Tradeline Supply:

https://www.tkqlhce.com/click-100413514-13587430

Key Talking Points of the Episode

[00:00] Introduction
[01:32] Thinking you need money to make money
[02:05] Making money through human capital
[03:02] Using your credit to make money
[03:48] Becoming a credit partner
[04:57] What if you don’t have very good credit?
[05:53] Partnering with my dad
[06:24] Being an authorized user for a credit card
[07:10] How does being an authorized user help your credit score?
[08:19] Higher credit scores mean lower interest rates
[12:01] Helping people get better credit with no risk
[12:34] Having multiple users on your card
[13:07] Working smarter, not harder

Quotables

“If you have financial capital, you can take that financial capital and turn it into cash flow.”

“If you’re not using financial capital, another way to do it is by using human capital.”

“You can turn your skills and your talents into money. That’s human capital and it is the best way to make money without money.” 

“The longer your good history for this card, the more they’ll pay you.”

“They don’t get any of my information, but I get theirs.”