Don't let other people tell you who your friend or foe is

Some fin-fluencers tell you not to use credit, but as long as you control your spending, credit is not your enemy

February 16, 2025

Happy Sunday fellow financial freedom seeker,

Even if you’re not the type to take out loans, having a strong credit score is still important.

A strong credit score has several potential benefits:

  1. Makes it easier to get a credit card or loans like

  2. Access to lower interest rates as you’re considered a lower risk lender

  3. Easier approval for renting a home or getting a mortgage to buy a home

  4. Peace of mind and financial security

Your One Simple Step this week is to…

Check your credit score & report

This will give you an idea of how good your credit score is.

If you find your credit score isn’t that great and you want to improve it here are tips for improving your credit score.

I always say that as well as controlling your spending it’s important to increase your revenue streams.

AI is changing the way the world works and also expanding the opportunities for generating additional income.

I’ve been reading Trendwise AI which provides insights on AI and how to monetise it - check it out.

Til next week,

Pernia | Your Finance Travel Buddy