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Master Legacy Wealth Discovery Quiz
Personal finance isn't just about money; it's about mastering the game of life, where small numbers add up in both directions.
Personal finance isn't just about money; it's about mastering the game of life, where small numbers add up in both directions.
Know where you stand
Know where you stand
Get Organized from Day One: Before anything else, ensure you're organized. Gather all your financial documents, bills, and statements. Having everything in one place will make the process smoother.
Create a Budget: Start by establishing a budget. Track your income and expenses to understand where your money is going each month. This will help you identify areas where you can cut back and allocate more towards paying off debt or saving.
Prioritize Debt Repayment: Allocate a portion of your income specifically for paying off outstanding debts. This focused approach accelerates the debt repayment process, gradually improving your credit score over time.
Avoid Further Debt: Set spending limits and stick to them to prevent further debt accumulation. Avoid unnecessary expenses and impulse buys that could add to your debt burden.
Build an Emergency Fund: Set aside money for unexpected expenses to create a financial safety net. This will reduce the need to rely on credit cards or loans during emergencies.
Develop Positive Financial Habits: Consistently track your finances, make informed spending choices, and stick to your budget. Cultivating these habits will foster discipline and responsibility, traits valued by lenders and financial institutions.
Alleviate Stress: By having a clear financial plan in place, you can approach credit repair and banking relationships with confidence, knowing you have a solid foundation to build upon. This will help reduce the stress associated with financial uncertainty.
These are some helpful tools to manage your personal finances:
These are some helpful tools to manage your personal finances:
ROCKET Money is an excellent way to keep your finances in order and keep track of your budget and spending habits across all of your banking platforms. Rocket Money identifies your subscriptions to help you stop paying for things you no longer need. Your concierge is there when you need them to cancel unwanted subscriptions so you don’t have to. They also offer the following services:
Real Estate - Buy with Rocket Homes℠ and Rocket Mortgage® and get a 1.25% closing credit up to $10,000 from Rocket Mortgage. Sell with Rocket Homes℠ and get a 0.5% rebate from Rocket Homes. Do both, get both!
Credit Cards: Earn up to 5% cash back in mortgage savings on every tap or swipe – using the card designed with home in mind.
Personal Loans: See loan options tailored to you. Checking your options won't affect your credit score.
YNAB (You Need A Budget) is a budgeting app centered around four core rules: giving every dollar a job, embracing true expenses, rolling with the punches, and aging your money. Following a free trial, YNAB costs $14.99 monthly or $99 annually.
PocketGuard is another popular finance app offering budget building and daily expense tracking. It also monitors bills and can negotiate better rates. While there's a free version, premium features come at $7.99 per month or $34.99 annually, with a lifetime membership option for $79.99.
Oportun (formerly Digit) is an app focused on automated savings. It transfers funds to various savings goals based on your spending habits. Following a free trial, Oportun charges $5 monthly.
credit monitoring
credit monitoring
Knowing what's in your credit report is vital because it provides a snapshot of your financial history, aiding in informed decision-making about money management. It directly influences your creditworthiness, impacting your ability to secure loans, rentals, or jobs. Regular monitoring helps detect and address suspicious activity early, protecting against identity theft or fraud. Plus, spotting areas for improvement allows you to take action to boost your credit score, while understanding it aids in effective financial planning, enabling you to set and achieve financial goals.
you need your full credit reports from each bureau. Download your first annual reports for free with annualcreditreport.com
you need your full credit reports from each bureau. Download your first annual reports for free with annualcreditreport.com
Here are some helpful tools to monitor your credit:
Here are some helpful tools to monitor your credit:
Credit monitoring: Get alerted to important changes to your reports. Only reports Transunion & Equifax but good for daily credit monitoring)Insights: Learn what affects your scores and what you can do to improve them.Better decisions: Get personalized recommendations for ways to use your credit more wisely.
Get your free Experian credit report and Experian FICO® Score
We highly recommend myScoreIQ. myScoreIQ pulls your FICO scores and credit reports from all 3 bureaus (Equifax, Transunion + Experian) while also protecting you from identity theft. Although VantageScore credit scores have been around for 15 years, the FICO Score is still the preferred choice of 90% of lenders in the U.S. When you apply for a loan, credit card or some other type of financing, the lender will probably check your FICO Score.
You are able to get credit reports from the Top 3 credit bureaus for just $1.
You are able to get credit reports from the Top 3 credit bureaus for just $1.
After the seven day trial, myScoreIQ turns into credit 24/7 monitoring. In order to track of credit repair progress, we highly recommend keeping this service. It can show you what accounts were added, items you do not recognize, and most importantly which credit bureau has taken action on your disputes and what has been deleted off your reports.
personal Credit Building
personal Credit Building
Adding a tradeline is not credit restoration, however, everyone should have the same opportunities as other more privileged Americans who have friends and family to offer them this same score boosting strategy. It is possible for consumers to purchase authorized user tradelines 100% online with an easy automated checkout process. By leveraging innovative technology, you can cut costs and streamline the process, which ultimately makes this strategy available to more consumers.
When shopping to buy tradelines, there are basically only two main variables to consider, the age of the tradeline and the credit limit of the tradeline.
Here are the five easy steps to purchasing a tradeline:
Understand your credit profile
Determine your goals
Choose tradelines that fit your credit profile and align with your goals
Order your tradelines on tradelinesupply.com
Wait for your tradelines to post!
Note: To get your average credit age, you'll add up the ages of each and divide that figure by the number of cards you have. In this scenario, that average is eight years; (15 years old card + 5 year old card + 4 year year old card) = 24 years / 3 cards = 8 years average credit age.
*Try adding a tradeline that pushes your average credit age over 5 years.
How to Choose a Tradeline: A Buyer’s Guide
Not only does Tomo report to all 3 major credit bureaus but we are the first card to offer expedited weekly payments. Always pay on time and watch your credit score grow!
Using Self's Credit Builder Account can get you an average credit score bump of 49 points. Get credit for your rent payments with all 3 credit bureaus — typically reported within 72 hours.
Whether you need to establish a credit history or rebuild your credit, Credit Builder Loan helps you build credit while you save — with no hard credit check.
Decide how much you can save into your Loqbox each month for a year. We finance the full amount with a 0% APR loan.
Build your savings and your credit score by making on-time payments each month, which we report to the major credit bureaus.
Once you’ve made your final payment, transfer the savings from your Loqbox into a new savings account for free or withdraw into your own account.
Open a Credit Karma Money Spend account. Choose how much you want to contribute. It can be as little as $10 per paycheck. Your money goes into a locked savings account. And they report each payment, which could help grow your payment history. Repeat these steps and grow your savings. Once you save $500, they transfer your money back to you. It's basically a forced savings. Pretty cool right?
Experian Smart Money™ Digital Checking Account, a digital checking account designed by credit experts that helps you build credit. Enjoy no monthly fees, Use eligible bills to raise your credit scores and more.
NOTE: It is important to note that personal utility reporting is for beginner credit builders looking to establish credit history. Utility reporting can drastically drop the average credit age of those with existing credit history if you don't report a full 2 years of bills. While six months is the minimum age for full scoring, it's just the starting point. Lenders and scoring models typically view less than two years of credit history as a modest beginning.
Progressing to two to four years is like removing training wheels, while achieving a minimum of five years places you in the middle ground. It's only after seven to ten years of solid credit history that you'll earn top marks. Develop healthy habits and start now!
Personal Banking
Personal Banking
Although not 100% necessary, establishing a personal connection with banks when starting your financial journey is a strategic move before diving into business banking. It builds trust, helps you understand banking products, gives access to resources and advice, and lays the groundwork for a strong credit history. Plus, it opens doors to networking opportunities that could be beneficial for your future business endeavors.
We recommend choosing one or two banks to start with. Preferably banks with 0% interest credit opportunities available for personal and business. The idea is to maximize your funding capabilities on the personal and business level, one bank at a time. If you are generating a substantial stream of income already, it is possible to build multiple relationships simultaneously. (No more than 3 or 4 at a time. Multiple inquiries and recently open account will decrease your chances of funding in the moment)
The general idea is to reroute all your earnings and expenses into one account, creating the maximum amount of cash-flow through the account as possible. This will show the banks that you mean business.
If you are still in the credit repair/building phase, start with a personal checking.
If you are still in the credit repair/building phase, but you have a business, start with a business checking.
NOTE: Try to deposit at least $3,500 each month into your personal checking account and $10,000+ in your business checking (90 days min). Reroute direct deposits from work, connect your money sharing accounts like CashApp, Zelle, Paypal, etc., so that all deposits show into your new checking account. We don't recommend starting with more than one personal bank if you cannot maintain monthly deposits of at least $3,500 in each bank. Its better to deposit $5,000 a month into one account than $2,500 each into two. Do this for three billing cycles in your checking to maximize your banking relationship before you apply for credit with that bank.
When striving for a six-figure credit, your most advantageous approach is to seek out local lenders. Local credit unions, community banks, and national banks in your area often offer more favorable terms compared to nationwide banks.
Personal Credit: With a 680 or better credit score, no late payments, and verifiable income, you could qualify for $15k to $60k in personal funding or business financing at 0% interest for up to 15 months.
Income: With verifiable personal income of $3,500+ and manageable personal debts, you can qualify for up to $200k in 5 year term loans.
Business Financials: With business bank statement deposits of $15,000+ per month in the last 90 days and 2 years of profitable business/personal tax returns, there are loan options up to $1 Million!
Pre-Approval: Get you or your business pre-approved for 0% interest credit and lines of credit at no impact to your score!
This is a Local Credit Union & community bank Search Tool:
Or you can go on Google Maps and Search "Credit Union". Credit unions often offer HUGE Lines of Credit with No documentation.This is a Local Credit Union & community bank Search Tool:
Call Each Credit Union and Ask them:- Do they offer Business Checking Account ?- Can I apply online or do I have to come in?- What Business Products do they have (Lines of Credit, Credit Cards, Loans)
We recommend 3 local banks and 3 national lenders:
Open accounts with lenders who offer 0% Business Cards and LOW Documentation Lines of Credit and Term loans.
Establish a bank rating by spreading your funds throughout various lenders.
Use No Documentation Credit to scale your business to build strong financials to obtain further credit.
LEVERAGE PRE-EXISTING relationships - What personal cards / accounts do you have with banks?
If you are looking to build national lending relationships, here are some favorites:
If you are looking to build national lending relationships, here are some favorites:
0% Cards: 12 months of 0% introductory balanceTypically lends $15k - $50k on card. Establishing bank rating($1k-$20k funds in checking) can increase credit card approval up to $50k. 2 in 30 rule allows 2 credit card approvals in 30 days. Freedom Unlimited and Freedom Flex can both be obtained (0% for 12 months) Chase ultimate rewards points are the most valuable rewards system. Locations: National lender with locations in 38 states.
Get a $300 bonus: New Chase checking customers - Open a Chase Total Checking® account and set up direct deposit within 90 days of enrollment. Plus, your friend can get a bonus, too.
0% Cards: 9 months of 0% introductory balanceTypically lends up to $5K - $15k on card. Locations: National lender with locations in over 20 states.
Earn 5% cash back on Walmart.com including pickup and delivery$0 annual fee. Find out if you're pre-approved with no risk to your credit score
0% Cards: 9 months of 0% introductory balanceTypically lends $15k - $25k Locations: National lender with locations in 38 states.
Apply for a Discover Credit Card with 0% Intro APR for 15 months.
0% Cards: 9 months of 0% introductory balanceTypically lends up to $10K - $36k on a card, pulls Experian or Transunion. If approved for one card you can apply for a second card and be approved again!Locations: National lender with locations in over 20 states.
0% Cards: 15 months of 0% introductory balanceTypically lends up to $10K - $25k on card without financials. Pulls Experian OnlyLocations: National lender with locations in Alabama, Delaware, the District of Columbia, Florida, Georgia, Kentucky, Indiana, Illinois, Kansas, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, West Virginia, & Wisconsin.
You can get up to 3 products with one hard full on your Equifax Report 0% Cards: 12 months of 0% introductory balanceTypically lends $10k - $20k on card. Pulls Equifax 660 min FICOLocations: National lender with locations in AL, DC, FL, GA, IN, KY, MD, NC, NJ, OH PA, SC, TN, TX, VA, WV
**Top 5 SBA 7A Lender in the USA**
0% Cards: 6 months of 0% introductory balanceTypically lends $10k - $20k on card. Locations: National lender with locations in Alaska, Colorado, Connecticut, Delaware, Florida, Idaho, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Vermont, Virginia, Washington, D.C. and Washington.
0% Cards: 12 months of 0% introductory balanceTypically lends up to $10K - $20k on card without financials pulls ExperianLocations: National lender with locations in CN, DE, DC, FL, MD, NJ, NY, PA, VA.
0% Cards: 9 months of 0% introductory balanceTypically lends $20k on card. Pulls TransunionLocations: National lender with locations in Illinois, Indiana, Arizona, Missouri, Minnesota, Kansas, Florida, Wisconsin, and California.
0% Cards: 12 months of 0% introductory balance transfersTypically lends $20k on card. Pulls Equifax PERSONAL CARDS ONLYLocations: Nationwide, Apply online.
0% Cards: 6 months of 0% introductoryTypically lends $20k on card. Pulls TransunionPersonal and Business accounts and cards. Locations: National lender with locations in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas.
0% Cards: 6 months of 0% introductory balance transfersTypically lends $20k on card. Pulls EquifaxPersonal and Business Cards.Locations: East Coast lender, Connecticut, Delaware, Massachusetts. Michigan, Ohio, New York, New Jersey, New Hampshire, Pennsylvania, Rhode Island, Vermont, Virginia
0% CardsPersonal and Business accounts and cards.Locations: NY, CO, NJ
0% Cards for 9 months, pulls ExperianMin FICO 680, 730+ is preferred for $10k+ limitNationwide lender in 19 states!
0% Interest Master Stroke
0% Interest Master Stroke
The concept of altering the way we pay our bills may seem unconventional, but it is rooted in a financial strategy that harnesses the advantages of 0% interest funding. With a commendable credit profile, individuals can access this interest-free capital for a substantial 20-month period, providing a unique window of opportunity. It enables individuals to strategically manage personal expenses, redirect earned income at 0% interest, and concurrently supercharge a tax-free retirement plan through an indexed universal life insurance policy.
Let's talk about it:
The Power of 0% Interest Credit for Personal Expenses & Debt Consolidation
In today's competitive market, banks are increasingly offering credit card benefits that rival traditional credit card offerings; one of the most beneficial features for the average person being 0% interest credit for extended periods, sometimes up to 20 months. This aggressive approach attracts and retains customers by reducing the cost of borrowing. By extending interest-free periods, banks offer consumers more time to pay off their balances without incurring additional interest charges, providing a viable alternative to traditional credit card companies and enhancing their overall customer value proposition.
Now, the idea of 0% interest funding might sound too good to be true, but with a solid credit profile, this is a very real possibility. For up to 20 months, you have the potential to utilize this interest-free capital, creating a unique financial advantage.
How the Two Strategies Work Together
During this time frame, redirecting earned income becomes a pivotal aspect of this strategy. The goal is to channel this income into an indexed universal life insurance policy. This policy, beyond its traditional perception as life insurance, serves as a powerful financial instrument. It integrates life insurance coverage with an investment component tied to market indexes. The cash value within the policy grows tax-deferred, setting the stage for a tax-efficient retirement.
Now, what sets this strategy apart is the deliberate use of the policy's loan and withdrawal options. This empowers you to access the cash value of the policy, allowing for the prudent management of credit balances before the expiration of the 0% interest period. It's a nuanced and strategic approach that combines the benefits of 0% interest funding with the financial flexibility provided by the indexed universal life insurance policy.
This comprehensive strategy isn't just about changing how you pay your bills for a year; it's about transforming your financial trajectory and securing a more prosperous future. The indexed universal life insurance policy, in addition to its tax advantages, provides a unique blend of financial security and growth potential.
Indexed universal life insurance provides a dual benefit – life insurance coverage and an investment component tied to market indexes. And here's the kicker – when it comes time to retire, you can access your funds tax-free. It's a strategic play that not only maximizes your returns but also ensures a tax-efficient retirement.
While these strategies offer an alternative for those looking to catch up on future savings, it's essential to emphasize that responsible retirement funding should ideally be a continuous and steady endeavor. The path outlined in this article is intended as a helpful approach for individuals seeking to accelerate their savings, but it does not replace the importance of consistent, responsible, and long-term retirement planning.
As you navigate your financial journey, consider working with a financial advisor to ensure that utilizing 0% interest funding to redirect your income for up to 20 months to maximizing the benefits of a tax-free retirement plan through indexed universal life insurance aligns with your goals and risk tolerance. When implemented wisely, this approach can lead to a future of unprecedented financial freedom and security.
Easy Earning
Easy Earning
SOMETIMES WE ALL NEED A LITTLE EXTRA CASH. THESE ARE SOME EASY WAYS TO EARN THAT wON'T COST a dime.
SOMETIMES WE ALL NEED A LITTLE EXTRA CASH. THESE ARE SOME EASY WAYS TO EARN THAT wON'T COST a dime.
Starting an ecommerce business is thrilling yet daunting. It involves wearing multiple hats, facing stiff competition, grappling with technical challenges, and requiring significant financial investment. So first, I know this sounds too good to be true, but we found a pretty cool solution! Partner Processing, LLC creates mutually beneficial merchant partnerships that connect you with online merchants, allowing you to earn a steady income of $500 a month on a 6 month contract. And the best part? It's completely free to register and 100% passive! They handle everything from the merchant application to the traffic driving sales to your online store.
What's Required?
What's Required?
To join, all you need is a Valid Driver's License, 3 months of your most recent bank statements, 2 years of consecutive tax returns, and a credit score of 600 or above. If you meet these requirements, you are eligible. Upon approval, you will receive your first $500 payment, what we like to call mailbox money, leaving you free to focus on growing your business and enjoying the rewards of true passive income. All payments are processed through a SoFi Checking Account.
ECOMMERCE REFERRAL PROGRAM
ECOMMERCE REFERRAL PROGRAM
If you aren’t quite ready for merchant approval, no worries. Earn a $100 referral bonus for each approved application, and another $100/m in residual income!
Download the Compensation Plan
How to participate:
Step 1: Simply share this link with a friend: https://merchant.kaosconstructed.com/waitlist
Step 2: Make sure your referral uses your First Name, Last Name, and Phone Number on the registration form.
Step 3: When your referral gets approved, you will receive your respective compensation directly deposited into your SoFi Checking account.
Create a profile to receive communication on potential opportunities. Based on the preferences you’ve outlined in your profile, you will receive study opportunity information via email, phone, or a combination of the two. Depending on the project, you may participate in a focus group, one-on-one interview, in-home discussion, or virtual session. Topics range from breakfast cereal to medical devices. Your opinion matters. In appreciation, receive an incentive for your impact – it’s as easy as that!
GET PAID FOR YOUR OPINIONS: The world’s largest brands want to hear your opinions and they are prepared to pay you for your participation in their important research studies.
Join the database to start getting paid to give your opinions on both new and existing products to the companies that make them!
micro Investing
micro Investing
All-in-one investing that's easy to use. Trade stocks and ETFs, invest in IPOs at IPO prices, or try automated investing- all in the SoFi app. Plus, you’ll get up to $1,000 in stock when you fund a new account. Access new investment strategies to potentially build and protect your wealth. Start trading funds that include commodities, private credit, pre-IPO unicorns, venture capital, and more.
Hey! Acorns makes it easy to save and invest. Click the link to get a free $5 investment!
Get 2 gift stocks when you sign up for Robinhood. You can only claim this for a limited time!
A robo-advisor is a service that can develop a portfolio on your behalf using the information you provide about your investment needs. Your personal needs, such as your finance goals and risk tolerance, will be measured to suggest an investment portfolio that fits your preferences. This self-guided service requires minimal human involvement, and can provide wealth management and financial advice, as well as streamline the investment process.
Want to invest without the guesswork? Automate your investing with Smart Portfolio. Just answer a few questions and they'll build you a diversified portfolio that’s managed by experts.
FREEBIES
FREEBIES
Earn bonuses when you sign up with these free online personal checking accounts. Who doesn't love free money?
Earn bonuses when you sign up with these free online personal checking accounts. Who doesn't love free money?
We personally love this bank! When you sign up with a free SoFi Checking, you’ll get $25 directly deposited when you add $50 into your account and another $100 when you make a referral. It takes 10 mins!
Things you can do with SOFI:
Investing - Open an SoFi Investing account with $10 or more, and you'll get $25 in stock.
Personal Loans - Low rates. No fees required. Personal loans made easy online.
Student Loan Refinancing - Absolutely no fees. No origination fees, pre-payment, or late fees. Lower your monthly payment with flexible terms that fit your budget
Student Loan Refinancing for doctors and dentists
Earn $100 when you join Chime and receive a qualifying direct deposit and another $100 when you make a referral.
Chime also has a credit builder account. Give your credit some love. Start by opening a Chime Checking Account with a $200 qualifying direct deposit or more and you’re ready to apply - Get Started
They will give you $30 when you join Varo and spend $20 within 30 days of account opening.
Open an Upgrade Checking Account and get $150, and another $50 when you make a referral! ($1,000 in Direct Deposit within 45 days)
2% Cash Back
No Monthly Fees
Early Direct Deposit
Upside is a free app that gives you cash back on gas. Up to $0.43 off a gallon.
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