BUILD YOUR

CREDIT YOUNG
A STEP BY STEP GUIDE ON HOW TO ESTABLISH BETTER CREDIT
THAN YOUR PARENTS BY 21 YEARS OLD

CREATED BY: LVL UP LYSSA

 Table of Contents

Introduction : 3
Money Management and Being Financially Irresponsible 4

LEVEL 1: 12
UNDERSTANDING CREDIT AND HOW IT WORKS 13

LEVEL 2: 20
CREDIT LINGO 21

LEVEL 3: 24
TRADELINES AND AUTHORIZED USERS 25

LEVEL 4: 28
HOW TO GROW HIGHER CREDIT LIMITS AND WHY? 29

LEVEL 5: 31
YOUR AGE DOESN’T MATTER (RIGHT NOW!!!) 32

LEVEL 6: 33
HOW TO TRAVEL FOR FREE AKA TRAVEL HACKING 34

bonus LEVEL 7: 35
APPLICATION SEQUENCING & STACKING 36

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INTRODUCTION

Money Management and Being

Financially Irresponsible

INTRODUCTION
 Money Management and Being
Financially Irresponsible

Being Financially Irresponsible

Before going into this first lesson, take this Financial Literacy Quiz: if any of these
are true then you need to get your shit together.

— You don’t have a credit card

— You don’t pay off your credit card balance in full every month

— You pay an additional fee to do an immediate transfer on Venmo, Cashapp or

Apple Pay

— You have less than 5k saved up

— You do not have any future plans

— You pay more than 5% interest on your car loan

— Your utilization on your credit card is more than 50%

— You can’t borrow more than $1,000 from your friends

— You use your debit card everyday

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Now that quiz wasn’t made to be little on your daily habits, yet to inform you
of things that you were probably unaware of. If you answered FALSE to all the
questions on this quiz, then I trust you to skip to the Intro. (Although you might
miss out on some major gems)

I REFUSE to teach you about building your credit without teaching you how to
properly manage your credit like the rich I am 100% sure you know someone who
just doesn’t have enough money. I don’t think any less of them for that, in other
words, I feel sorry for them because that person was never taught that your money
is just a TOOL.

If you do not use this tool properly, then you don’t get the results. Like using a
hammer to tighten a screw. It just doesn’t work.

Money is going to amplify who you already are as a person. If you are an asshole
and get a bunch of money, you are still going to be an asshole but now you have a
lambo. If you are a nice person and you get a bunch of money, the way you handle
the money would be in a more positive way. Money isn’t evil, some people are.
Money won’t change you, it’ll change what you think about, things you can attain
and the types of problems you have but it will never change YOU as a person.

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 Here is a quick test
to see if you’re an ass hole or not.

1) Are you a human?

If you answer yes to this question then I recommend you read these personal
development books. Obviously this was a joke, we all have asshole qualities and
personal development is very important for growth. So go cop those books and
start reading.

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Money Management

Let’s be real, you probably suck at managing money. Thing is.. you need to know
how to MANAGE money before you MAKE money. If you are getting a $500 check
every two weeks and blowing it on food.. Then yes, this is for you.. Haha, two years
ago I used to do the same thing. Question is how did I go from making $1000 a
month to multiple 5 figures a month as a college student??

I learned how to properly manage my money.

Money management goes further than understanding how to spend money.

Knowing how to manage money goes to the extent of learning how to MAKE money.
Then having the money MAKE itself. Every $ you touch should be intended to make
more $$$.

SAVING

Remember this for the rest of your life: “You CAN NOT save your way to wealth, you
can only INVEST your way to wealth.”

Knowing how to save is important so you have something to fall back on in case
anything ever happens, like IDK.. Covid 19, you lose your job, a family emergency.

The best resource that I use to help save my money is Digit. It’s literally a service
that saves money for you, so that you don’t have to think about it. P.S. Here’s a free
$5. And btw It won’t wipe your bank account clean, don’t worry. You can set a limit
so it knows when NOT to pull any money out.

Next step, learn how to properly spend your money

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BUDGETING

No shots, but don’t y’all find it funny that the dude with two jobs is most times still
broke. Why is that? Most times, they are just horrible with budgeting and need to:

1) Limit what they spend AND

2) Maximize what they earn (Make more money)

Best way to do this is by making a budget. Since we can basically do everything

from our phones like check our bank account, send money, spend money. We have
to make it just as accessible to track and manage what we are spending.

#1 rule to start budgeting: 50/30/20 rule

50% Needs: Things you cannot live without

• Housing
• Food
• Health
• Utilities

30% Wants: Anything that causes a

minor inconvenience
• Subscriptions (Netflix, Hulu)
• Eating Out (As a college student
this is something we all suffer
from lol)
• Shopping
• Hobbies (Get a hobby but BUDGET
it correctly)

20% Savings
• Emergency Fund (6-12 months)

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DON’T let these categories overflow, this is how overspending occurs. Try to
stay within the parameters of this budget. The best way to stay organized with
your budgeting is by utilizing the tools below. This template is built to help build
discipline with budgeting. If you are able to keep your spending within each
category, I recommend utilizing one of the apps listed below.

Here is my Excel Template and the budgeting apps that I use that work best for me

1) Mint (Perfect for Beginners) **Earn a free $10 when you sign up**
• Allows you to stay updated with your credit score
• Track bills, goals and spending
• Track all of your monthly subscriptions in one place
• Allows future month budgeting
• Allows you to enter in purchases as well

2) True Bill (Perfect for beginners)

• Free version. I recommend you upgrade to the paid version
• Can track subscriptions and cancel
• Can negotiate your bills (This is how it works.. > They will do the negotiating
for you. >If they save you money i.e., $100 on your bill for a year, you will
have to pay their company $40 upfront, which would be saving you $8.33 a
month. In order to get around this, you can just see what they are saying they
can save you and just call the bill company yourself to negotiate)

3) Personal Capital (Perfect for those who have multiple bank accounts &
investments)
• FREE
• More intuitive for those who invest
• Can track bills and cash flow
• Does not allow future budgeting
• Does not allow you to enter in your own purchases

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Living within your means is
one of the most important
ways to keep your finances
and your credit on track.
Even if you’re good at
making your paychecks
last each month, make sure
you’re tucking a portion
of your money away in a
savings account so that
you can take care of any
financial emergencies that
pop up.

NEWBIE TIP: Avoid putting extra expenditures on a credit card , because it’s more
difficult to monitor how much you’re actually spending. Instead, check your bank
account each evening to see how you’re doing, or even use the all-cash method to
prevent tempting yourself with impulse buys.

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BILLS

Be sure to pay all of your bills ON TIME. Payment history is the largest sector that
affects your score.

Sometimes we tend to be a bit naive and don’t want to admit that our current
lifestyle is too expensive for the amount of money we make. The first thing you
want to do is try to see if you can cut back in any way, can you get a roommate
or two? Can you cancel any subscriptions? Utilize less electricity? Get a cheaper
phone? After you minimize your lifestyle, now let’s figure out a few ways to make
more money. Try out some side hustles. One that I used to do was videography and
photography. If you want a side hustle that can make you an extra 3k a month with
0 experience. Click Here

Now that we have gone over managing your money. Let’s get into the REAL game
of Credit

Welcome! Lvl Up Lyssa.

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 LEVEL 1:
UNDERSTANDING CREDIT
AND HOW IT WORKS

LEVEL 1:

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 UNDERSTANDING CREDIT
AND HOW IT WORKS
What is Credit?

C
redit is based on trust. Basically the idea that someone is going to lend you
something and you will pay them back at a later date. MOST people don’t
lend you money unless they will make money on top of the money they are
lending to you.

What are the factors of credit?

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If you have begun building your credit and have any negative items, you want to get
this removed ASAP. Click HERE to start your credit repair journey.

NEVER get a late payment. One late payment is equivalent to a Collection. This
can drop your score 100+ points. Please note that a $30 late payment is equal to a
$50,000 late payment. So avoid this at all cost

Payment History

The biggest chunk of your credit score is determined by how well you pay your
bills each month; in fact, it accounts for a whopping 35% of your credit score! You’ll
see this history listed on your credit report through different accounts you’ve had
over the last seven years.

Under every loan, credit card, or mortgage you’ve had, you’ll see how much you’ve
paid each month for an extended period of time compared to how much the monthly
bill totaled.

Other creditors like cell phone carriers or utility companies can report late
payments, but they typically don’t report on-time payments.

If you do have any late payments listed, they’ll be marked with exactly how late
they were, ranging anywhere from 30 days to 150 days (or more, if the account
went into default). The later the payment, the more your credit score will drop as
a result.

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Credit Utilization

Next, 30% of your FICO credit score

relates to how much debt you owe.
(Or how much credit you are currently
utilizing) Installment loans like a
mortgage or student loan aren’t
weighed as heavily, but your revolving
debt (which includes credit cards) is a
much larger component.

Lenders look at your debt-to-credit

ratio, or credit utilization, which
calculates how much you owe
compared to your maximum line of
credit on your cards.

If you’re close to being maxed out, your

credit score suffers. Since it’s a ratio,
two people with the same amount
of debt could have totally different
scores if their maximum balances are
different.

A person with $3,000 charged on a

credit card with a $10,000 maximum
balance only has a 30% debt-to-credit
ratio. But someone else with $3,000
charged on a card with just a $5,000
limit would have a 60% ratio and —
all other things being equal — a much
lower credit score.

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 This is why we strive for
higher limits to keep our credit
utilization as low as possible.
You honestly want it as low as
possible but never want your
utilization over 29%.

BTW Business credit cards

do not report the utilization to
your score. So if you plan on
owning a business or already
do then you’ll want to start
building business credit as well
to start to gain more capital to
leverage.

Age of Credit

10% of your credit score hinges

upon the length of your credit
history since a lender simply
can’t gauge your ability or
willingness to repay a loan if
you don’t have a history proving
you’ve already done so. The
scoring model takes into account
how long your various accounts
have been open, including loans
and credit cards.

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Unfortunately, rent payments aren’t usually included in the FICO score, but some
of the credit bureaus provide a rental reporting service that you could use as
additional documentation in your credit application.

If you have been renting an apartment, condo or townhouse. You can get your
rent payments added to your credit and also they can backdate it for up to 4 years!
Check out https://www.rentreporters.com

New Credit

Another section you’ll see on your credit report is called Inquiries. This refers to
each application for credit you’ve submitted in the last two years and can affect
10% of your credit score.

Each inquiry will shave off about five points during the first year unless multiple
inquiries were completed for the same product within a few weeks of each other.
That just indicates you were rate shopping for a loan or credit card and is typically
just treated as a single inquiry.

Credit Mix

The final 15% of your credit score is determined by the types of credit you have.
We mentioned that revolving credit like credit cards or retail cards hurt your score
more than installment loans. Installment loans have some sort of asset tied to them,
like a house or a car. BTW you can pay someone to add a mortgage to your credit
which will boost your score. Getting these added to your credit will allow the banks
to trust you and give you a credit score.

These types of loans show you own something of value and are more committed to
paying off those loans compared to unknown purchases from a credit card.

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Student loans are also viewed more favorably than credit cards because they
indicate an investment in your future earning power; and the more money you
make, the faster you can pay off your loans!

Why use credit?

• The entire financial system is entirely built around credit. Those who master it.
WIN!

Protections

• Purchase Protection
• For example, if you buy a camera and you lose it or it’s stolen. You actually can
claim and depending on the card, they’ll give you up to $10,000 within 120
days after the purchase. (This is what the AMEX Platinum gives you). This even
sometimes works if you break the item. They won’t ask you to ship the item to
you, which is why you’ll want to use credit for everything for your protection!
• Now that you know this, do not abuse the benefits just by making tons of claims
because what will happen is that they’ll cancel your card and then they will
never allow you to have a card with them again.
• Their are baggage protections with certain cards
• Cards that have Big annual fees typically have more benefits but ALL credit cards
are safer to use than debit cards

#1 rule of credit

• Credit is for responsible people

• Only buy things with credit that you can afford
• The key is to not pay interest to the banks

The key is to not pay interest, and to use credit to make you money, and once
you know how to do this, you would have mastered the game of credit

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Your cash is limited, credit is not.

What do you need for an 850 Credit score?

• This is something that is not too attainable for us young adults but striving for
these things will set you up to have an 850 within the next few years.
• 0 Derogatories
• No Lates
• No hard inquiries in the last 12 months
• Average account is greater than 10 years
• Have 21 or more diversified accounts (Not just credit cards)
• Credit utilization under 10%
• A credit history of at least 7 years

**A credit score is just a vanity metric,

it honestly doesn’t matter as much as
you think it does. The goal is to have a
diversified credit line, get tons of points,
get high credit limits depending on what
your goals are. Having a credit score
doesn’t make a difference**

Don’t get too obsessed with your credit

score. Your score is going to be something
that keeps changing. It’s not bad for your
score to go down, it is bad for you to not
have any cards.

Watch THIS VIDEO to get a better

understanding of how the credit works
in our economy

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 LEVEL 2:
CREDIT LINGO

LEVEL 2:

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 CREDIT LINGO

T
his is the necessary credit lingo that you will need to understand throughout
your credit journey.

Primaries: Account that is actually on your SSN. Tied to you directly. (Your own
credit card, auto loan in your name, etc.)

Authorized Users: Someone added

you to their account. You have access
to their account. Can help increase
your score. These are less strong
than primary tradelines because
banks can see that this account is an
A.U. This is something that should be
added on later on in the journey of
getting credit lines.

Tradelines: These will be primaries

and honestly strengthen your credit
score a lot more than A.U’s (Although
A.U’s are still very beneficial) This
is something you should add on to
your credit to thicken your credit
profile at the beginning (if you have
0-3 accounts open). Never want to
remove or close the accounts.

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Open Loop Credit: Credit you can use over and over again (Ex. a credit card)

Closed Loop Credit: One time loan (Ex. Auto Loan) Can’t keep drawing from it.

Derogatory Remarks: A negative on your account that typically occurs after you
do not pay back a loan as agreed. (Can be removed)

Hard Inquiries: Aka Hard pull. This happens when you apply for a new line of
credit, such as a credit card or a loan (Can be removed)

Charge Card: These are cards that typically don’t have a limit, like the AMEX
platinum card. These cards must typically be paid off in full each month

Credit Card: Only required to pay off a minimum amount of the total balance that
you owe, anything that isn’t paid off will accrue interest.

Secured Card: This is a credit card that is backed by a cash deposit. You use cash as
collateral just in case you were to default on payments. For example, if you wanted
to open a secured card with $1,000. They would take the $1,000 cash and give you
a $1,000 credit card. Over a period of time, you will earn your $1,000 cash back and
also have a $1,000 credit card.

Reporting Date: The date that your credit card issuer reports your balance to the
credit bureau each month (This date does not change) In order to figure out this
date you will need to call your credit card issuer. This is the date that you should
pay your card off in full each month to avoid interest costs.

Posting Date: The date when a credit issuer posts a transaction and adds it to your
account balance

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Billing Cycle: Aka Billing Period. The length of time between the last statement
closing date and the next. Your credit card billing cycle will typically last from 28 -
31 days. You can find your billing cycle on your monthly statement.

APR (Annual Percentage Rate): This is the interest rate that you are charged per
year on your credit card.

To figure out how much interest you’d pay each month just divide your APR by 12.
(APR/12).

If you have an APR of 24% then you’d only actually pay 2% interest each month.

By actually understanding how much interest you pay each month allows you to
mitigate your risks. Meaning if you are making an investment using your credit and
you won’t be able to pay off the investment within that month. You want to be able
to calculate how long it will take for you to pay the credit card off and if the amount
of money you make from the investment outweighs the amount of interest you’d
pay then it is a good investment to make.

This is more the math geeks out there. (Remember, people lie but numbers don’t)

For example, if your APR is 24% and it takes you 6 months to pay off your
investment of $10,000 then you will pay 12% interest on your investment. 12%
of $10,000 is $1,200. So, as long as your ROI is higher than $11,200. Then this
is still a good investment to make, even though you paid interest on the initial
investment.

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 LEVEL 3:

LEVEL 3:
TRADELINES AND
AUTHORIZED USERS

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 TRADELINES AND
AUTHORIZED USERS

T
radelines will help boost your credit to give the banks a higher perceived
value of your credit. This will help you get approved for more higher limit
cards and seem more trustworthy. What it allows you to do is basically
“piggyback” off of a primary cardholder’s good credit in order to increase
your own.

Step 1:

Go ask your parents, family members or friends if they have good credit to add you
as an A.U on one of their credit cards. It is optimal if the card has been open for a
longer period of time with a high limit but ANYTHING HELPS. (As long as the card
is in good standing). This means they haven’t had any late payments or anything on
the card that they will add you to.

Be sure to tell your parents that anything you do will NOT affect their credit. They
can only have an impact on yours which is why the next step is so important.

Step 2: Picking a good A.U.

If you’re like me you are trying to break generational curses and may be the only
one in your family who is striving to have great credit. In the case that you can’t get
it for FREE.99 then you can purchase a tradeline from me!

DM me on Instagram “Level 3” for a discounted price list of all of the current

tradelines in stock

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 ** What makes a good profile to be
added on as an A.U**

• They are a trustworthy and responsible person (you want someone who is
responsible with their money and will continue to pay their bills on time)
• They don’t have any late payments on that card

Here’s a resource you can use to calculate what A.U would be best to add to your
credit profile (this is a resource to use if you already have a credit card and would
like to add tradelines to boost your credit)

https://tradelinesupply.com/tradeline-calculator/

If you don’t have any credit yet then I recommend adding a tradeline before you
apply for your first card. (This will make it more likely for you to get approved for
higher limits.)

If you are looking to pay retail value for tradelines, here are a few notable sites to
purchase them from as well.

https://tradelinesupply.com/
https://www.tradelinevault.com/

*Pro Tip*
If you do not currently have a credit card, I recommend you get the Discover It card.
You will be able to earn 5% cash back on all purchases.

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How do A.U’s work?

Most times when people add you as an Authorized User, it is for a period and time.
Typically between 3 and 6 months. So once you decide to add an A.U to your credit,
be ready to take action and apply for credit lines.

When you purchase a tradeline, it typically takes up to 10-15 days for it to report to
your credit. So be patient.

A tradeline / A.U. can increase your credit score up to 40-45 points.

*Pro Tip* Any AMEX card does not report credit history. So if your intention when
adding tradelines to your credit is to show more credit history be sure not to
purchase an AMEX tradeline.

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 LEVEL 4:
HOW TO GROW HIGHER
CREDIT LIMITS AND WHY?

LEVEL 4:

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 HOW TO GROW HIGHER
CREDIT LIMITS AND WHY?

T
he best way to grow your credit limit higher is by utilizing the credit. If
you have a credit limit of $1000 and are only using the card for around
$50 a month, then most times the credit company will not lend you any
additional money. Why? Because you aren’t utilizing the money.

How to get higher credit limits

1. Max out your card and pay it off 3 days later.

(Ex. This can be done by paying your rent with your credit card, this is a high
priced bill that you were going to pay anyway, now you can use it to increase
your credit limit) You want to be sure to pay the ENTIRE balance off within 3
days.

2. Open a secured card with a high limit. This means you are putting cash down to
open a line of credit.

3. Add AU with high credit limits and a lot of age.

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Here’s a few reasons why you want to have higher credit limits. Increasing your
credit limit will lower your total utilization.

1. When you have higher credit limits, you are able to leverage your credit to make
more money. P.S. Investments made with a credit card are investments that
will have a return within 30 days (the end of your billing cycle). If you need
to leverage credit for a longer period of time, then getting a loan is your best
option but that’s a whole different store.

2. Makes it easier to get approved for higher limits in the future and loans

3. Can make large purchases and earn cash back or reward points on your purchase

Here is the #1 reason you

should NOT increase your credit limits

If having a high credit limit (or no credit limit ) encourages you to live outside
of your means. DO NOT INCREASE YOUR CREDIT LIMIT until you are financially
responsible. And if this is you, go back to the introduction and PLEASE start applying
some of those gems to your daily life! I’m literally begging you to level up.

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 LEVEL 5:
YOUR AGE DOESN’T MATTER
(RIGHT NOW!!!)

LEVEL 5:

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 YOUR AGE DOESN’T MATTER
(RIGHT NOW!!!)

Y
our score doesn’t “really” matter right now if you are anywhere in this
age range [18-25] . Of course, as we discussed earlier, age of your account
is actually going to factor in your credit score 10%. Now.. let’s talk about
why you shouldn’t be too concerned about your age being low right now..

YOU’RE YOUNG.

You have your entire life to build age on your account. Your goal right now should
be to either get:

1) As many cards as possible or

2) Get as many points as possible. We should all be trying to get high limits.

As stated in Level 1, a credit history of at least 7 years is going to be optimal, this

can still be achieved with tradelines.

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 LEVEL 6:
HOW TO TRAVEL FOR FREE
AKA TRAVEL HACKING

LEVEL 6:

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 HOW TO TRAVEL FOR FREE AKA
TRAVEL HACKING
WHAT IS TRAVEL HACKING?

G
etting a MUCH better deal in any travel or in most cases comp’ed or upgraded
without meeting specific thresholds or prereqs. Including FREE hotels,
FREE flights, FREE car rentals (which you can even do if you are under 25)
, and FREE cruises.

BTW you don’t get good at this by just reading, this is something that you will have
to actually do. (Just like all things in life)

Network! You have to make connections with people who work at hotels like
Marriott and Hilton and use the art of finesse! Build rapport with the employees,
tip well, and build a relationship 1st. A good question to break the ice is to say “Hey,
I know you work at a hotel, how often do you travel?” Another tip is to request the
employee to go get you some candy and tip them a large amount like $40 and they’ll
assume that you’re super rich and will feel like they are WINNING!. Then you ask
if you can be added to their Friends and Family form, this is how you can get up
to 70% off of your hotel. This Friends and Family form typically expires every few
months, so it is very important to keep a good relationship with the person who
added you to their Friends and Family pass.

You also want to get travel points on your credit cards. This is why I literally use my
credit card for EVERYTHING!

There is so much information when it comes to travel hacking. If you are interested
in learning more about specific hotels, specific airlines, cruises and how to travel
for FREE then book a call with me HERE

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 bonus
LEVEL 7:
APPLICATION SEQUENCING & STACKING

LEVEL 7:

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 APPLICATION SEQUENCING &
STACKING

APPLICATION SEQUENCING

T
his is how I was able to get over a 100k in credit by the age of 20.

Application sequencing is when you strategically apply to 20-30 credit cards in

order to maximize the amount of sign up bonuses and number of credit cards we
get. This isn’t something that someone who doesn’t plan to leverage their credit or
travel hack needs to do.

Before attempting to run a sequence

• Be sure you have a high credit score (Above 750)
• Age Matters (6 years+) Add an A.U. or Tradeline

This video from one of my mentors (Shawn Sharma) will give a lot more information
on application sequencing.

https://youtu.be/SwgJDp9Qnp4

This process isn’t something that is super immediate but within the span of 3-6
months you will be able to acquire well over 6 figures of credit if applied correctly.

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CREDIT CARD STACKING

Credit card stacking is a way to

get multiple lines of credit with
a limited amount of inquiries.
Meaning you are able to get a credit
card, a loan, and an auto loan using
just one inquiry. Note, this doesn’t
work for mortgages because they
pull from all three bureaus. (Right
now this may be a bit confusing
but be sure to keep reading). This
method is best used with Credit
Unions, not big banks like Chase
or Bank of America. This is able
to happen because certain credit
unions allow for you to get multiple
accounts using the same inquiry
within a certain time period.
(Anywhere between 30-90 days).
Not every credit union allows this.
Navy Federal is someone who does
not allow this to happen. Big banks
and Navy federal HATE double
dipping. Meaning if you apply for
a credit card today, you are going
to get a hard pull (inquiry) and if
you apply for another line of credit
tomorrow you will receive another
inquiry.

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The more inquiries you have, the less likely you are to get approved for credit lines.
If you have anymore than 3 recent inquiries, then credit bureaus see this as credit
seeking. Which means that you will be denied.

Two of the most important things to credit unions is history & income. How long has
your account been open with them and how much money do you make? So within
the first 90 days, you will typically be limited to the amount of credit that you will
be able to receive just because you are in a period where they aren’t completely
sure the type of person you are.

When it comes to credit stacking, you will eventually reach a maximum exposure
with that lender. Meaning that you reached the max amount of money that they
will be willing to lend to you. Once this is reached, it is likely you will begin to be
declined to additional lines of credit. Sometimes the credit institutions won’t tell
you what this “max” is.

The cool thing about credit unions, most times they only pull ONE credit bureau.
Meaning that you can do this same method, three times, with each bureau allowing
you to get up to 18 lines of credit.

This is something that you should NOT do if you have bad credit. I suggest that
you have at least a 720 or higher, and NO derogatory items and negatives. Contact
https://levelstocredit.com/ for Credit Repair.

38 @lvluplyssa
THE BOSS: INTRODUCTION TO BUSINESS CREDIT
(THE REAL GAME)

This is the key to really being able to leverage your credit and start making money!
The reason why the rich use business credit is because utilization does NOT affect
your personal credit score. THIS IS A GAME CHANGER! This means not only can
you earn cash back / points
but you can also leverage
your credit without ever
having to worry about
being penalized for it on
your personal credit. What
it means to leverage your
credit is to use borrowed
money for an investment
for a potential ROI (return
on investment). NOTE THIS!
I am not saying to go on an
investment craze and invest
your money into everything
that comes to mind.
Otherwise when leveraging
your credit, you want to
make smart investments
by making investments in
things that you have control
over. Something to NOT use
credit for is crypto, you have
NO control on whether a
coin goes up or down.

39 @lvluplyssa
Things you need to get started

1. LLC
2. EIN # (Basically a Social Security number for your business) You can get this on
irs.gov. It is FREE and it takes just a few minutes. You will need this in order to
get your Business Bank Account
3. Duns & Bradstreet # (This is another 9 digit number that you will need to apply
for on dnb.com
4. Business Bank Account (I recommend Chase)

These are things that you need in order to get started building your business
credit, the key is, the longer you have these things, THE BETTER! So apply ASAP. I
recommend waiting about 6 months after you have these 4 essential items before
applying for business credit.

Pro Tip. The number 1 thing creditors look at when lending for business credit is
CASH FLOW and age. So don’t have a business bank account sitting around with
$0 for 6 months and expect to get approved for high limit credit cards. When you
make the initial deposit into the account I recommend putting as much as you can
put into this account either 5 - 10k. (Or whatever you can afford). And throughout
the 6 months you want to make sure you are making consistent deposits into the
account to show “cash flow”.

Within these 6 months, you should work on building or strengthening your credit
profile. You can do this by adding in some primary tradelines.

A good primary tradeline is https://www.creditstrong.com/ or https://www.self.

inc/

40 @lvluplyssa
After these are added, just BE PATIENT, the most important thing to getting started
for credit, is your credit history. Once you do have credit history, banks will be very
lenient when extending credit to you in the future. Time is going to pass regardless,
try to open as many lines as possible and let them sit so they can age.

When you open accounts, be sure to USE these accounts. If you just open a primary
tradeline and never use the credit, then it will not show credit history. It will only
show that you opened an account and never used it.

I recommend getting an Amex Business cash or Chase Sapphire ink as your first
business credit card.

Since business credit cards typically do 0% interest for the first 12-18 months, you
want to make sure that you have an investment in mind, so that you are able to
utilize those months to invest.

41 @lvluplyssa
 Last words…

Building credit is something that is going to literally change your life. Most
people do not get rich by working hard for their money and just saving it up.
Most people use OPM (other people’s money) to get there. The first step is being
RESPONSIBLE with money. If you can not manage 1k, you will not be able to manage
100k. The next step is to establish your personal credit. Using the tips in this ebook,
you will indeed have better credit than your parents by the age of 21!

If you were one of the people to actually make it to the end of the book.. I
know that you want more for yourself. I continue to challenge you to become 1%
better everyday and try to level up in anyway possible. A lot of us come from a place
where our parents didn’t have good credit, and if they did we didn’t learn a damn
thing about it growing up. Credit literally changed my life and I want the same for
every last one of you. We have time on our side, let’s take advantage of the endless
amount of opportunities we are given and level up together!

If you got any value in the ebook, follow me on social media, and if you already
follow me on social media, tag me on something you learned in your story! Most
importantly, apply these strategies to build your own credit and then use it to make
some money!

42 @lvluplyssa
 Now that you know ALL of the game you need to
be financially free. Those who are ready to Level
Up with Lyssa, book your free discovery call to see
how I can help you take your credit to the next
level.

Check out my Instagram!

https://www.instagram.com/lvluplyssa/

Learn how to attain 6 figures in credit and

properly leverage it!

https://lvlupempire.com/

If you or someone you know needs Credit Repair

https://levelstocredit.com/

43 @lvluplyssa