I’m the only person in the credit space bring it to every single day from a psychology standpoint, also from the standpoint of what your mommy and daddy ain’t going to tell you, uncle Mike will tell you.
I’m going to push you, I’m going to shove you, I’m going to make things happen because that’s how I run my business.
But the reality is if nobody pushes you, what happens is America tends to go ahead and just let things sweep it under the rug until one day you need something.
So today we’re going to talk about a very important talk.
The topic is the psychology of why and what drives me every single day.
The first thing is you need to discover what your why is about credit.
Let me give you an example, hundreds of people call us every day and they talk to my team and they say, “Look, I want an 800 credit score.
I want a 780 credit. I want a 750 credit score.” And why that is so important to have the more important question, this is like peeling back an onion, it’s like you have an onion and then when you get to the core of the reason, the why, then it tells you what the person’s real why is.
So you just got to keep peeling the onion until you actually find out the reason.
Well, in credit and finances it’s the same way. There has to be a why. And although 800 credit score seems great and it’s great bragging rights and, “I want a 750. I want an 800.”
Why do you want that? Not just because you want to high credit score. There are reasons behind it.
Are you looking to get a car? Maybe you want to buy your first house. Maybe you try to get into a better apartment, nicer area for your family. Maybe you’re trying to leverage, get some higher limit credit cards. Maybe you want to start a business. Maybe you’re looking to get a consolidation loan or maybe you’re looking for a loan for financing some equipment for your business.
Whatever the case is, why do you want an 800 credit score?
Why, why, why, why, why do you want it?
And your why needs to be extremely powerful, to the point to where you’ll run through a fricking wall for your why.
That’s how important your why is. When you’re in the trenches, and I mean the five hundreds, the four hundreds, the six hundreds, this is like the trenches of credit.
And you say, “Look, I want to get to the top of the mountain, but I don’t know what to do.” So you’re like, “I know what I want, but I don’t know how to get there.” That happens so many times.
Think about the number of people on this earth that have horrible credit.
The average credit score in America is 683, so thinking about that and knowing that 70% of people that have their credit pulled, there’s something negative on there, something inaccurate or unfair or unduly or something is just not supposed to be there.
Think about the number of people that have something on their credit that’s not supposed to be there.
And then think about why. Why do you want a better… Maybe it helps you with peace of mind.
Maybe it’s leverage.
Do you know that an 800 credit score is valued at over $100,000 in cash?
If you have an 800 credit score, a stable 800 credit score, it is more valuable than $100,000 in cash. So why? Why would you not want your credit score good?
I’m going on over a decade studying the psychology of credit, why people do certain things, why certain people have millions of dollars and some people struggle to make $10,000 a year.
Why do some people have an 800 credit score and some people don’t give a shit? They want a 500 and they don’t even care. Why, why, why is the question.
And until you discover what your why is, you’re not going to make a change because it’s the driving force, the outcome of what you’re trying to do that is going to tell me exactly why you want that score.
Here are some of the things that losers say, “Oh Mike, it’s easy for you to say, you’ve got an 800-plus credit score, you’ve got money. It’s easy for you. It’s not fair. It’s not fair.
Life is just not fair to me. I’ve had rough times and it’s just not a fair thing. I don’t have the time. I don’t have the time to do it. I don’t have time to think about my credit.”
These are loser mentality, this is why people stay poor and have bad credit because they continue to tell themselves this BS. “I’ll just go ahead and get it started tomorrow,” and you know the saying, tomorrow never comes. And nobody pushes you.
Nobody takes the time to push you to the next level. And that’s why I put this channel on every single day, so I can come to every day and be in your ear and say, “Look, you’ve got to make a move. You’ve got to change your life.”
My goal before they push dirt on me is to help hundreds of thousands of people with credit, to get them from the trenches up to the top of the mountains and let them do what they want.
You guys deserve so much better than staying in the five hundreds.
I get bad things happen and divorces happen and people lose their job, but you’ve got to crawl out of that hole.
And the only people that are going to push you are the people that care about you. That people who really love you will just tell you you’re fine, you’re working too hard, you’re stable, just continue to do what you’re doing.
And you’re going to continue to stay at a 500 credit score.
That’s what’s going to happen if nobody takes the initiative, like I do every day, to say, “You know what?
Take responsibility for your own credit and take the first action item and change it.”
Nothing changes if you don’t change, nothing will change if you don’t change.
And if you’re doing the same thing, it’s the definition of insanity, it’s doing the same thing over and over again, hoping for a different result.
Nothing changes if you don’t get enough fed up.
It takes people to actually hit rock bottom in credit and finances and that’s when most breakthroughs come through, because you’re like, “You know what?
I’m tired of being tired. I’m sick and tired of being tired.” I don’t have to convince you your credit is bad, all you have to do is go to a car dealership and they tell you it’s going to be $5,000 down with a 19% interest for a ’97 Ford Escort.
That’s enough convincing.
I’m looking to buy my first house, a $200,000 house. I would love to get out of an apartment and actually buy my first house for myself, for my family.
But the reality is you’re going to pay $1,995 a month over a 30-year mortgage versus somebody that has over 720 credit score who’s going to pay 1095 for the same house.
So you can be in the fives and early sixes and pay 1,995 or 1800 bucks for a mortgage for the same house that somebody else that has over 720 credit score is going to pay less than 1100.
I don’t have to convince you that your credit is bad. These are some things right here that are like so prevalent that people are going, they want, but they get hit with that and then it just sinks in. It’s like, “Why would I pay double the amount?”
Car, for example, you’re going to pay $695 for a $30,000 vehicle, now we’re talking about somebody who’s under a 600 credit score.
The same person walks into a dealership and gets the same exact car and pay $449. You’re saving $250 per month for the same exact vehicle. Is that fair? No. And as I was always told, the fair comes once a year. It’s not here today.
Life is not fair, but we have to take the bull by the horns and say, “You know what? If life is not fair, how are we going to change?
How are we going to take action to the next thing?”
So three things you can do. Number one, pull your credit report, see what’s going on on it.
See if there are negatives on there. If you don’t know what you’re doing, guys, we can certainly help you.
This is what we do day in and day out. This is why we hire professionals to do our roof, and we don’t get up there and start nailing in shingles.
If you guys need age, if you guys need tradelines to boost up, maybe you’ve never had any positives on there and you just need a few positives, this is what we do, we can certainly help you.
It’s going to cost a little bit of money, but when you put your money into something that you care about, because if your why is big enough, money doesn’t matter.
Let me say that again. If your why is big enough, the money won’t matter. You’ll do anything to get your credit fixed if it’s that important to you.
But it’s not the credit, it’s the why. It’s the, “I want a nice vehicle, I want to drive something nice,” or, “I want to get out of this neighborhood,” or, “I’m ready to start this business,” or, “I’d like to kind of get a consolidation loan so I can take all my credit cards and put them into one loan,” or, “I would like a loan so that way I can go ahead and build on wealth and I can build on may be trying to leverage my business.”
There are so many things. How about just the peace of mind. You need for cell phones, to get electric in, everything requires credit.
Now you can be the person that says, “You know what? I’m a cash person. I don’t do credit cards.” That’s not the truth. You have sold yourself short and you have told yourself this lie for so many years that you don’t do credit. And every time I talk to someone, I’m like, “Look, I don’t do credit. I just do cash.”
You know you guys are falling into this Dave Ramsey thing. Dave Ramsey has a ton of debt. You don’t see it the way he sees it.
He just trying to tell you guys not to have debt, pay everything in cash. Well, yeah, that’s easy for Dave to say it.
He’s worth $50 million and he owns his house and the cars outright. But you have to start somewhere.
You’ve got to put yourself into debt first to be able to get to that position.
So let me leave you with this, find out what your why is, say, “Look, I want this and I will not stop until I get it. I am willing to run through a wall, Mike, I’m just sick and tired. And this is my why, whether it’s to help my family, maybe it’s to, like I said, it’s to get that new car or to get into a new home.”
Whatever it is your why, identify your why and then there are three things you can do.
First, you’ve got to pull your credit report so you know exactly what’s going on.
Number two, once you find out what’s going on, you can do one of two things. A, do your own credit repair. Or B, you can say, “You know what, I need help.” You can then go, “Okay, I don’t have any age because I’d never had any revolving accounts.
A, I can ask a family member to add me as an authorized user on one of their accounts.” Make sure the criteria fits, they report to the credit bureaus, no late payments, under 30% utilization and they’re willing to trust you.
Or B, you can contact us so we can help you with that.
And the third thing is you just got to start today. I don’t know how many times I say this, people will procrastinate on their credit until literally, they have hit rock bottom.
Don’t be that person. Be the person who takes action and takes responsibility because if you take responsibility for something, then you can fix it.
Putting the blame and using those loser quotes that I just said, if you push the blame on somebody else, you can never better yourself.
The only way you can better yourself is to take responsibility for it and say, “I’m going to change.”
Thank you guys for watching Tradeline TV.
If you need help at all, 904-515-6698. That’s 904-515-6698.
I got the consultants waiting, they’re on standby to help you in any way that we can.
That’s our goal to help you get to the next level in your credit. I appreciate it.
Thank you guys for watching Tradeline TV.
Tell me in comments what your why is. Give us a ring if we can help you.
And we thank you for watching Tradeline TV as always.
My name is Mike, and until tomorrow, take care.