1. Build Your Credit

Build your credit by applying for a credit card or cards.  You've probably hear others saying to use your credit card for emergency only. I'm telling you to use your credit card for everything from paying your bills to making purchases. But only use it in the amount that you can pay it back in full so there is no interest  charge. Every time that you are paying in full, there is no interest. So technically, you are borrowing their money in one month advance to pay for your stuffs while your cash is waiting to pay it off on time.  The sooner you start building your credit, play it responsibly, the better your credit history will be.

 2. Use credit to bring in passive Income

Become a silent business partner. If you can find the right company who need a silent business partner, go for it.

• Make sure that it doesn't cost you anything.
• The company takes care of everything from start to finish to bring you on board as their silent business partner.
• The company also takes care of tax return, they uses their accountant to help you with taxes, to give you a k-1 form so you can use that to file your own taxes.
• The income you make will not make you rich but it's a supplement. It ranges from $500-$1000 monthly income.

Overall, being a silent business partner will help supplement your income forever without you doing anything.

If you are in CA, near Encino city, I can refer you to a broker. The process takes at least 2 months. There is never a cost to become a silent business partner.

3. Use credit score to make up to $52,000 a year

This is almost the same as being a silent business partner but there is a twist. This is being a Financial Officer for a company.  What does that mean? It means the company that you are partnering with needs a "cosigner" and you guarantee the business loan using your name and credit. Is there a risk? Yes, a huge risk, you are responsible for the loan that you "cosign." However, there is good news. IF and that is BIG IF, IF only you are with a legit broker that deals with Financial Officers. These brokers are companies that give out business loans to small business owners. When business owners need the loan but their own credit is bad, that is where you come in to be their Financial Officer.  The broker will use you as the Financial Officer for a 1 year contract for the loan. You are not responsible for the whole term. The broker makes sure your name is off the contract by the 11 month, the broker has money reserves to pay the loan just in case the business owner goes into default. The broker also makes sure that business owners get their financial literacy education so they know how to increase profits and invest wisely.  It does sound scary and risky, but isn’t. This side gig alone can bring in $40,000-$52,000 a year easily.  The program has been going on for 15 year and people are earning their passive income for 15 year! Sign up to be a CFO here

3. Reward yourself 
When you succeed in achieving good credit score of 720, open a line of credit or another credit card to increase your overall credit limit. Use it responsibility to keep the account active. The higher credit limit you have, the more secure you should feel of having that to use in case of emergency or to start a business.  Besides, you will reap all the rewards and points.

4. Being Debts Free 

By using your credit to make supplemental income, you will be debts free in no time.