Table of Contents

• The Ten Commandments of Fiscal Fitness for the Mod …

• What’s A Credit Score? 

• Expert Picks: 10 Must-Reads to Accelerate Your Fin …

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The Ten Commandments of Fiscal Fitness for the Modern Money Mover

These commandments aren't just advice; they're the cornerstone of a rock-solid financial foundation. Follow them, and you’ll not only safeguard your present but also construct a towering testament to future prosperity.

1. Protect Your Credit Score 🛡️💳✨

   Your credit score is your financial fingerprint. Keep it pristine by paying bills like clockwork, managing your balances, and keeping an eagle eye on your credit report. More details below 👇

2. Emergency Fund: Your Cash Fortress 💰🏰

   Life throws curveballs. Be the MVP by having a game plan: save 3-6 months of living expenses. When the unexpected strikes, you'll be ready.

3. Investment Savvy: Grow Your Gold 🌱💰

   Knowledge is power and dollars. Dive into the investment world, diversify like a pro, and stay true to your growth game plan.

4. Live Rich, Spend Smart 🍃💸

   Keep your spending in check and live a life of abundance on your terms. Less is more when it comes to sustainable wealth building.

5. Savings: Pay Your Future Self First 🤑🏦

   Before splurging, funnel some funds into your savings and investments. Future you will thank you.

6. Become a Financial Guru 🎓📚

   This is where Noyack Wealth Club comes in. We can teach you to take control of your finances by schooling yourself in the art of money management. From Roth IRAs to tax breaks, make every term your BFF. Stay tuned.

7. Debt: Tread Lightly 👣💳

   Navigate the world of debt like a tightrope walker. Essential loans only, and keep those interest rates low.

8. Retirement: The Long Game 🏈📅

   The sooner you start, the richer you retire. Max out those retirement funds and watch your future wealth bloom.

9. Insure Your Treasure Trove 🛡️💎

   Don't let life's storms wash away your riches. Get the insurance coverage that'll keep your assets safe and sound.

10. Financial Plan: Your Blueprint to Success 🏗️📈

    Your financial plan is a living document. Regular check-ins and tweaks will keep you on the path to your dreams.

Now let’s dive deeper into what makes up your credit score in a way that makes sense for those of us getting our financial footing and looking to make savvy money moves. 💸

What’s A Credit Score? 

It's like your financial street cred. It tells the money folks (think banks, landlords, credit card companies) if you're the type they want to deal with. A good score (that’s above 700, thank you very much) gets you the VIP treatment: think lower interest rates, big nods for credit card and loan applications, higher credit limits, smoother sailing on home loans or apartment rentals, and even some sweet deals on insurance rates. 💯

So, what’s cooking up that score of yours? Imagine a pie (a money pie, if you will) sliced into parts that show what counts:

• 35% is all about paying back what you borrowed on time, every time. ⏰

• 30% looks at how much you owe — keeping it not too high is key. 💰

• 15% is the age of your credit history. Older accounts? That’s some fine aging, like a good cheese. 🧀

• 10% is about mixing it up with different types of credit. 🔄

• Another 10% is for new credit lines — opening a bunch at once might look like you're about to go on a spending spree. 🛍️

Want to level up your score? Here’s the game plan:

1. Bills on time, every time. Make it a mantra. 📅✅

2. Keep your debt chill – don't let it hog more than 25% of your limit. 🧘‍♂️

3. Got a credit card that's just sitting there? Keep it open; it adds to your credit history depth. 📈

4. Have a mix in your credit gang: cards, loans, the works. 🎚️

5. Go easy on opening new accounts. It can temporarily lower your score. 🚫

Staying on top of your credit score is like keeping your social media feeds curated — it’s all about that image you’re projecting. Keep it clean, keep it smart, and you'll be set for those big life moves. 🚀📊

Expert Picks: 10 Must-Reads to Accelerate Your Financial Education

Curated For You

• Financial Literacy:What It Is, and Why It Is So Important to Teach Teens

• The Ultimate Guide to Financial Literacy for Adults

• Why Financial Literacy Is Important And How You Can Improve Yours

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Noyack Wealth Weekly is the leading wealth management newsletter published by CJ Follini & Noyack Wealth Club, a nonprofit dedicated to free financial literacy for younger generations. Feel free to tell us what you think of our little newsletter.