Welcome back to another episode of MillenniUP.

So today we are being joined by Ryan Alexander.

Uh, he specializes in debt solutions for people to be able to get themselves

where they need to be financially.

And it's a wealth of knowledge there.

We wanted to bring him on because as everybody knows, Two of the biggest

issues that we face with buyers has been, um, being able to save enough money

and having trouble with their credit.

So Ryan, tell us a little bit about you, what you do, what got

you into it and how you got here.

Sure.

I'll tell you the fun story.

So it all started back when I was about 22, 23, somewhere between

22, 23, 9, 11 had happened.

I was doing commercial real estate and I lost everything that I had.

I was working for almost two years, some big deals.

Lost everything I had.

I was fortunate that my grandmother helped me a little bit.

I got into the world of insurance, was able to pay off all my debt.

And then at 30, the financial markets crashed again and I

lost everything I had again.

So from 30 to 35, I couldn't get a credit card.

I couldn't get an auto loan.

I couldn't even get a refrigerator box if they offered it to me.

I was just in such a bad way.

And after I crashed and burned the second time, I realized there's definitely got

to be something to this credit world.

And I was slowly building back, slowly building back.

And then one night, of course, I was, this was like, I'm going to say six, a

little over six years ago, I'm sitting watching a Facebook ad and it's this 20

year old kid with 2 million of available credit on credit cards, 200 credit cards.

And I'm like, there's no way it can't be that easy.

And this kid, I bought his 500 course.

Six years later, I'm teaching credit around the world.

And it's the coolest thing because nobody talks about it.

Nobody teaches it.

The banks and lenders, they're handing out credit cards like lollipops to

people, but nobody's teaching the rules.

Nobody's teaching the risks and nobody's showing you the ropes

as to how this thing works.

That's where I teach credit came about.

I teach people the best and fastest ways to build 800 credit scores with a hundred

thousand dollar credit limits and enough points and miles to travel the world.

So that's what I do.

I think you've told that story before.

It's cool.

No, I mean, it's the greatest thing because nobody really talks about it.

And my biggest thing is the credit repair industry, in my opinion, is one

of the, probably the second biggest scam next to college education, in my

opinion, and nothing against education.

I think education is great.

I think specialized education is really good.

I think that's where people can make money.

Generalized education, people come out more lost than where they went in.

But they also come out with a lot of debt and you guys know being in the

real estate world, how many people are prevented from buying a house

because they have so much debt.

And a lot of it's student loan debt with almost no chance of paying it back.

So the reality is it's like, if you do really, really well in high

school and you know what you want to go to school for, I'm all for it.

And I'll show you how to get the best financing to get those student loans.

But if you don't.

Invest more in like daily things invest in basic finance

education like credit education It controls your insurance rates.

It controls your interest rates and it helps improve all of your of the

approval odds Whether you're trying to get a credit card buy a house start a

business Or who knows what, it's just, it's amazing that we don't talk about it.

You and I share a very similar opinions on higher education.

So I'll leave that there.

Cause I could go on that rant for another, like three, four minutes.

I

saw Jen light up.

You were like, Oh, you know, college education bad.

She's like, Oh yeah, let's do

it.

It's just brutal because it restricts so many people from doing so many

good things for so many years.

And that's why, like, if I can just teach people basic finance.

For a fraction of the cost as to what people spend in college

education And they come out not knowing a single thing about finance.

I'm talking basic budget basic credit and basic investing So, you know, that's

where I wanted to be able to teach people in credit repair They're like i'm

going to give you a fish sit back relax 12 months later 1200 to three thousand

dollars later Your score hasn't changed.

You don't know why, and you don't know what to do about it.

What I see, what

differentiates you, what you do from credit repair,

because I think when people hear, um, like, that's why I specifically said

that you're in the business of credit solutions instead of credit repair,

people kind of just like, they, they have that preconceived notion that.

All it is, is going to just rob you of your money and not going to do

anything to actually benefit you.

And there's so many scams that are told about it.

So what, what do you do that's different?

So credit repair company, like I said, they're

going to give you a fish.

I'm going to say, Hey, you see this fishing rod here?

I'm going to sell you this fishing rod.

I'm going to show you how it works.

Then I'm going to teach you how to roll your sleeves up and use

it for the rest of your life.

Because when you understand that it's just five simple algorithms, if

you could just understand the five algorithms that make up your FICO score.

It's, it's like looking at a sheet of music.

If you understand how to read it.

All of a sudden it makes total sense.

If you don't know how to read it, It becomes complex, confusing, frustrating,

and people walk away from it.

And they'd rather not deal with it than just take two and a half hours.

In two and a half hours I teach the entire credit system in my class.

Two and a half hours pre recorded content and a fifth grader could understand it.

I have teenage kids that join my group.

They even follow me on TikTok.

They'll follow me for three months, boom, seven 50 credit scores.

Just like that.

They're like, I did everything you told me and my score shot up.

It's amazing.

So that's, I teach people how it actually works and I force them to

do it themselves because I'm not going to apply for loans for you.

I'm not going to go to work for you and I'm not going to pay your bills for you.

But if I can teach you how to manage it on what I call the seven day credit cycle.

Okay.

You get a credit card, right?

What happens?

You get a 30 day spending period.

Your first payment's not due until seven weeks after you start spending.

No wonder people are in trouble.

Yeah.

Right.

It's seven weeks after you get it.

How fast does a debit card take the money out of your bank account?

Immediately.

Why are people in trouble?

Because the system is set up to make you fail.

So you can become an ATM interest paying machine for the rest of your life.

That there's a

reason they don't teach this because they

don't want people to know.

Oh, here comes conspiracy, Jen.

I was

really excited to have you on today because

like that how passionately I feel about Generally speaking, I

think it's absolutely ridiculous.

And I mean, I could go off on my own tangents of what I think is absolutely

insane and how medical costs shouldn't be like involved in that because a myriad

of other reasons that I won't get into,

we want you to save lives for a living, but it's going to cost you

six years of your life and 200, 300, 000.

Thank you very much.

Yeah, we want you guys to keep having kids, but it's

gonna cost you like 100, 000 per

kid.

And that's another thing where people trying to buy houses.

They come to me They're like, I'm I went to medical school, you know for how many

years hundreds of thousand dollars of debt and their payments are like 900 per month

and it's like we just have to do better And that's where if I can help people with

like income based repayment by getting their credit score high enough They can

go on income based repayment now buying a house is simple But it's a matter of us

working together and it's a ripple effect.

It's not Ryan Alexander teaching credit.

It's what Ryan Alexander can teach his center of influence.

And it's what you all can help me do to just spread a little bit of knowledge.

It's not a lot of information.

It's just very simple daily disciplines.

If you can give it 15 minutes a week, you can master your credit score and it

has zero impact on what your income is.

I don't care if you make 25, 000 a year or 2.

5 million a year.

I have a guy worth 200 million.

Credit score was high.

Five hundreds couldn't get approved for a mortgage.

Couldn't get approved for credit card.

Does it matter?

It's all about understanding the factors.

So regardless of your income, we can absolutely help you if

you're willing to do the work and it's hard to be disciplined.

It's simple to figure out the credit system.

It's, it's not simple.

It's not easy to be disciplined every day.

And that's where we have to just kind of form a community that's

supporting each other and encouraging each other every single week.

It's kind of like, I mean, it's kind of like a lot of things.

Like, I mean, everyone knows how to do a pushup, but it's hard to do it.

Right.

Everybody knows how to pay their bills, but why do we wait so long?

I was going to say, so say somebody wants to buy a house.

and their credit is not looking the best or like, or they just don't

know, but it's probably lower and they probably don't know cause

they haven't wanted to look it up.

When should, how much time should they allow from having a conversation with you

to actually being prepared to buy a house?

So it's a good question.

And that number totally depends, right?

Because let's just conceptually say, I don't know what you can see here.

Let's just say this is time, right?

This is the timeline.

Here's buying a house and here's getting started.

For some people, they're right here and I need 12 months.

There's some people, and that's not even necessarily true.

If you have bad credit, missed payments, collections, repossessions,

things of that nature, I may need 12 months to get you there.

Okay.

I may also only need 10 days.

I've boosted somebody's score 102 points in nine days.

I said to him in two weeks, you're going to get a boost in your score.

That's going to change your life forever.

And you're not going to believe it when you see it, but when it happens,

I'll know, because you'll be calling me nine days later, I got a screenshot

and my phone starts lighting up.

I didn't have, I was on another phone call.

Boom.

He calls me, boom.

He calls me again.

He calls me the third.

I'm like, are you okay?

He said, did you see the screenshot?

I said, no, I'm on another call.

102 points in nine days that can happen.

If you understand the algorithm, no smoke and mirrors, no magic erasers,

no disputing, deleting or removals.

It's just understanding the factors that make up the FICO score.

And that's what I teach.

And many people don't know the difference between a mortgage FICO score.

And like a credit card FICO score or an auto loan or the difference between

advantage score and a FICO score These are all things that I like to teach

basically They're all just different ways of calculating a credit score

It just depends on what you're going for And so like if you want me guys

if you want me if you guys want me to go into Can you see how fast my

brain is already like 10 topics deep.

You tell me what you want to talk about.

I'll cover it.

If you want this to be like a part one of three series, I mean, I know

for the next two and a half hours,

I'm like, well, there's already multiple things that

we could like totally dive into.

But I mean, like, what do you find is the, like, what do you,

what would you say is like the easiest thing that somebody can do?

To boost their credit that is frequently overlooked.

Okay, so the first thing is understand your FICO scores, right?

Like, just understand the basic factors.

Understand that you can't miss a payment.

I don't care if it's a 30 credit card payment.

You don't feel like paying it.

That could cost you 100 points.

Okay, the second thing is learn to pay your balances every

single week simply weekly.

I had this thing I say every seven days for seven weeks I don't care if you

have a lot of money with high credit scores and high credit limits or if

you have lower balances lower Credit or lower income lower credit scores every

seven days for seven weeks for most people if you have credit cards Every

seven days for seven weeks P T Z W.

Pay to zero weekly.

What that means is, your credit card, treat it like a debit card.

Okay?

You get a credit card, here's the month of June.

You spend for 30 days, let's say you spend a thousand bucks.

Your first payment's not due until July 23rd.

Does that sound like a good idea?

No.

If somebody came to you and asked to borrow you for a hundred bucks, do you

want them to pay you seven weeks later?

No, you want them to pay you back in one week if you get into the habit

of paying to zero weekly That is how you mc yb and all my followers

all my all the members of my class.

They love this Mcyb if you pay to zero weekly you get to make credit your

bitch instead of you being the bitch to the banks and to the lenders Why?

Because now you're earning cash back.

Now you're earning points and rewards and now you're getting a signup.

But just imagine you go to buy a house and you're like, Oh, I'm going

to go buy 10, 000 of furniture.

That sounds nerve wracking.

But what if you could get a brand new credit card the week you settle

on your house and that brand new credit card, you can go get all that

furniture at 0 percent financing.

And have enough signup bonus points so that you and your spouse could go

celebrate that house once you've got a fully decorated and go take a trip

anywhere in the world, that's the power of credit if used responsibly.

If not, it's going to make life miserable for you.

But that's what I would tell people.

Learn every seven days for seven weeks, pay to zero weekly.

I'm not excited.

I've actually never heard of that where you pay pay weekly.

Like obviously there's stuff with your mortgage.

You can do with the, uh, making by, by weekly payments and all that good stuff.

What, um, what's the number one problem, uh, obviously not understand FICO, but.

Like what is the um, what's the number one like psychological

hurdle you see people take?

Is it, is it really just the fact that they don't like talking about money?

Is it a lack of understanding?

Embarrassment.

It's embarrassment.

It's pure ego getting in their way because they don't understand

and they're afraid to look stupid.

My, I'm going to tell everybody who's listening to this right now.

The best thing I ever did in my life, I learned to become the brokest person

in every room I went into because I learned something from everybody else.

And then I started noticing all of a sudden.

I wasn't the broke guy in the room anymore.

In fact, in my high school, I almost failed out of high school.

Crazy

company.

There's both

of you guys right now.

Let's go.

I was the guy that almost failed out of high school and burned twice in life.

And my friends, my closest friends thought I was never coming back.

My friends now they're like, we don't know how the hell you pulled it off.

But now I'm the guy when they called it, like, what part of the world are you in?

Like my dad calls me, he literally will say, Hey, right.

What part of the world are you in?

Cause it's true.

Like one day he called me on, he's like, Hey, where are you at?

I'm like, I have beaches of Aruba.

And he goes, no, really?

I'm like, no, I'm in Aruba.

He goes, when'd you decide that?

I'm like, last week, cheap flights.

I decided to go, I have the ability.

Yeah.

Right.

And so like the, the ego gets in the way from people wanting to learn.

And here's the thing, right?

People in our hangout and say, Hey, you guys want to talk about your FICO

scores tonight and how we can fix it?

No, but you know what?

They'll sit and talk about your fucking fantasy football scores

all damn day long and all the stats and how you're going to build that.

Guess what?

You deserve to be broke then because your focus your priorities is not the right

place If you want something better, you got to put in the work and if you do

it It's not that hard and with people like you providing the education For

somebody like me spewing the message Like they should be latching to you

because you're obviously linking them up with other awesome people that

can take them Even if it's this much further in life It's that much further

to get closer towards their goals.

Yeah.

And I, I would, I would say that, you know, you're definitely somebody who's

in that kind of extension of who we are, which is, you know, we don't have all

the answers and not, nobody has all the answers, but it's about like, but come

under our tent and we've got like, we got a guy, you know, uh, for something,

you know, whether you have got a leaky faucet or you need life insurance or

obviously, you know, uh, you know, credit, um, advice, uh, So I, I agree with that.

And I think that that is, um, that that's, that's throughout finances.

People don't like talking about finances.

Couples don't like talking about money.

They don't like.

Figuring out how to set it up or how to segregate it or, you know, I have

been personally on lender calls where like I can tell that the, like one of

the spouses and usually the husband is a little quieter and it's because he

knows that his, his day is coming or his, like any minute someone's going to

ask, well, what's credit card debt look

like?

And they got to sit there in front of the couple's got to sit

there in front of each other and say, you know, and I've had it where he's

like, well, I think the cards at 17, 000 and she's like, you told me that thing

was like at five, like two weeks ago.

What's going on?

30 little

secrets come crawling on out

real secret.

But the thing is, too, is a lot of couples won't even get on that call

with us because they're smart enough to know that they're going to have

to start talking about their finances and people just don't like doing it.

I have one of the funniest stories.

First off, I've been on many of those calls where you pull the credit and you're

like, so what is this so and so thing?

And the spouse doesn't know the payment.

And that gets awkward.

But to your point, Seth, and this is so funny.

I did a skit video one time, just like a funny video for one of my social channels.

And have you ever gone through an application or, or like any kind of

fact finder with people and you're like, all right, so what's your income?

Uh, uh, what's your credit score look like?

Uh, uh, what's your phone number?

215 800 0000.

And then it's like, boom.

It's like, they don't want to talk about the important stuff.

Anything stupid, they'll throw it up right out of your face.

It's, and it's a crazy people just don't want to talk about the important

things in life because they don't know.

And it's, we, you know, we want to show that Mercedes or that

brand new Dodge Challenger.

But we don't want to show that you have no money in your bank account.

And like, you can barely afford to pay the thing or that you're still

living in mommy and daddy's basement.

Like we need to stop that as a society.

And I was the idiot doing that.

My best friend bought a house when he was like 24 years old, 25 years old.

I was the guy that was going to every frigging party with two 30 packs

in the back of my brand new car.

Well, who had the, who was laughing last?

He was like, now he's one of those that was like, I can't

believe you turned around.

And now i'm making up for lost time, but guess what?

It's way harder to start at 40 years of age than it was at 25 years of age when

he did it He's way better off than I am.

I've got to work way harder than he does.

Yeah.

No Oh, go ahead.

No, go ahead.

No, I was just going to say that uh, I was going to ask

what is like the um, What's like one thing you would tell a homeowner who

because this is a real estate podcast?

It's like the one thing you would tell a homeowner who's like my credit is

in the low 600s I've looked online.

I know what I know that I can't qualify for loans Like what is that?

What is the thing you would tell them?

Uh, You know, uh if they were sitting here listening to this

Sure first rule of credit build a budget because if

you don't understand your finances You're never going to be able to

figure out credit because it's all about how much do you spend?

How much do you make what's the differential?

Are you plus are you minus right?

You figure out the budget first You Then everything else becomes easier because

also that's when you turn the light on and you say, okay, where am I really spending?

Like I had a woman, she said, I don't know where my money goes.

And I said, cool.

Send me your bank statement.

She goes, you want to see my bank statement?

I said, do you use cash or do you use your debit card?

Debit card.

Cool.

Send me your bank statement.

68 transactions average a month at fast food between convenience stores,

Taco Bell, Pizza Hut, and there was another one like Chick fil something.

68.

It was almost 700 on average.

It was like a 10 average per transaction.

And like some of them were like two and three, like you could see

every day she went to Dunkin Donuts.

Every day.

Yeah.

And every day.

You don't

need to pull up my bank statement at any point

and see how often I go to Wawa.

We don't need to look at the collective, like two or 3 coffees every day.

Listen, I hear you want to hear a funny story.

When I first met my wife, before we ever got married, I said, if you and I are

going to start dating seriously, she was in a tight financial position when

we met, I said, that's going to stop.

And people are going to tell her what they don't like.

But yeah, I'm like, and people take this the wrong way sometimes, but

I'm like, do you see the Yankees picking up dead weight in life?

No, they don't.

They pick up people and they say, Hey, we're either going to work towards a

common goal or it's not going to work.

And when we, before we got married, I said, you're 400 credit score.

We got to fix that.

I see.

Cause that prevents me from being able to buy things in the future because

if I do buy them, I have to take your credit score, which is going to lower

my interest rates, or I'm going to get denied or you're going to get denied.

And now I'm the only qualifying income, which means I'm going to be debt heavy.

Your name's going to be on stuff.

And I got all the risk.

Doesn't work that way.

My wife now, when she broke 700, she cried.

She, we were sitting on the couch.

I'll never forget it.

She cried.

I was like, what's the matter?

And she, she went like this and she showed me her, my, her credit score.

And that was when she broke 700.

Then she broke seven 50.

And then it was like,

I hit the 700 and I was like, I did it

right.

Like it's, it's a major milestone to get to 700.

And if you can get the 700 time, we'll get you to 800.

As long as you just continue to maintain the same thing.

And then when she, she's right now, 789.

We were sitting just the other day at her son, her oldest son's house.

Why the hell isn't she an 800?

You can't get her at 800.

What the hell's going on over there?

Hold my beer, Seth.

Hold my beer.

You don't get to just

go done.

Going from 500 to 600 is simple for most people.

I can do it very quickly.

It's just about building diversification to go from six or 700 to 800.

That's all about depth and time.

And

so it's that's building initially is easy.

Okay.

I can give an 18 year old kid.

If I have cooperation from their parents, I give all 18 year old kids a 700 credit

score within 30 days of turning 18.

Pretty cool.

Yeah.

Now they don't have to co sign for the kid's credit cards.

They don't have to co sign for the kid's auto loans and they don't have to help

you

with that.

It's like one of those like, help me help you.

So like they don't have to do that.

Absolutely.

And then I say to the parents, not only are you going to give them a 700 credit

score, but what if their graduation gift from high school or college?

Is 80, 000 points to go anywhere in the world or the country they want to go.

Pretty cool.

That's a great gift And guess what?

It doesn't cost you anything You're literally taking sign up bonuses from

credit cards You're building the kid's credit and then you're opening up a

world of opportunity because i'm going to tell you right now I don't care what any

kid's looking at when they see it through their own eyes versus your tiktok or your

instagram channel It is life changing and I didn't start seeing the world until I

was almost 40 years of age And I promise you, I regret in life being so stupid

and being so lazy with finances thinking I needed the new Jetta back in the day.

I needed to have the nice clothes, the new shoes, and I needed to go

out to the bar every freak, no.

Well, it's also easy when it's easy, because like, I

mean, I remember when I was, as soon as I turned 18, I got a credit card.

I, it was really, really low limit, like under a thousand dollars.

I used it for gas and groceries.

I paid it off immediately.

I treated it like cash.

I immediately, I very quickly was able to get that credit limit up.

And then I just like, I treated it as it was a debit card.

And then, but once things got harder and once things got more expensive,

they became ignorance was bliss.

So one of the things, one of the things I was going to say with

regards to homeowners and realtors is 12 months ago, I was telling people, if

things are going to start getting tight and tough, You need to make sure right now

don't start leaning on credit cards If you know you've got expenses or if you know

things are going to get tough Get a line of credit use your house's equity get the

line of credit or a loan up front Even if you get the loan and you don't necessarily

need it But that loan can be a cushion.

What so many people did is they leaned on their credit cards and then

their credit cards got maxed out.

And then when you go to get that line of credit or that loan, banks and lenders

are like, ah, you're already maxed out.

We're not giving you a loan now.

And you're like, well, wait a minute.

I permit a perfect payment history, but you're on the verge of default.

You borrow money when you don't need it.

They'll hand it to you.

They were like, pick a card, any car, whichever one you want.

Right.

When you need that money when you need that loan They're not

they're so quick to give it to you.

That's right.

So what's your general sense on uh, The american consumer right now like i mean

you're you're literally talking to the people who are you know, not not Uh,

you're literally talking to the people who need to improve their finances So

like what's your just general impression of where the american real estate

consumer or the american consumer?

Let's just talk.

Let's just talk about generalities Where's the American consumer right now?

I mean, I know that, you know, I've read the statistics with the, with the 1.

3 trillion in credit card debt and all that.

It's probably more by now, but what's your like general feeling

about how, um, how things are going?

I've got three words, how things are going yeezys.

300 sneakers.

What?

DoorDash 17 for a 6 meal.

What?

And I need a 9 latte every single morning before school.

Excuse me.

That's what I think the general consumers are.

We have no concept.

And I, I actually was, I was teaching.

I, um, it was a girl, it was a Girl Scouts community.

They had asked me to come in and teach them.

And this little girl, she made a comment.

She says, 10.

10.

10.

Well, mom, that's your job to buy me Uggs and to get me Chick fil A when I want it.

The mom's eyes was like, Jen's right there.

Like everybody was like, no, she didn't just say that.

And I looked and I said, I went right to the mom.

I was like, that's your fault.

You made that situation.

And that's a hard thing because consumers in America today,

a, there's no such thing.

What you should do.

You want something here?

You should save up, save up, save up and buy it.

American consumers, they want it now and then they'll pay interest for the

next six to 12 months on that item.

Yeah, they have no concept of delayed gratification or earning something

before you buy it and that's really scary And especially like with the

real estate market because I mean i'll ask you guys this you've seen what's

happening in real estate Everybody thought the prices were going to come

down Have you seen prices come down in the last three years five years?

And it's what we've been trying to tell people that it won't.

Yeah.

Jen, Jen, Jen's very bullish on the market.

They're not, they're not building houses where I am in and

where the starting houses that they're building, the starting house is 600, 000.

Yeah.

Yep.

Yeah.

I would say, um, you're absolutely right.

I will, I think about this quite a bit and about the American consumer and, um,

I know a lot about the psychology and kind of like the lizard brains that we have.

And it's like it, the, it's kind of like still even with the food system, like

we're not designed to handle all these shiny objects around us all the time.

And it's a shame because we all get penalized financially, not to say people

shouldn't have personal responsibility, but it's really hard to like, I mean,

if you're a parent, you know, you want the best for your kids and you

have all these value systems that make you go out and try to buy the stuff.

Yeah.

You know, they, everyone says you should have a vacation every year

and like, you know, you should have a new car and all that.

And that's like the, all these dogmas that are in our society, uh, make

things just really, really hard.

I think on the consumer too, because it's like, you know, like food, you

know, the way food is put into grocery stores and how like everything that's

sweet is like the three feet off the ground, because that's where the kids are

and that's where they're at eye level.

Like all this stuff is designed.

Um, and so I feel bad because there's a lot of people out there yet who think

it's like normal or worse than like what you're talking about Ryan, that

they're entitled to that new car lease.

That's 900 a month on a depreciating asset and I feel like, you know, you would have

a really good sense into that psychology.

Um, I think with housing, it very much just comes down to, uh, In the span,

because it's an appreciating asset, it's different because it's not a car.

It's not a good or service or a car or something that depreciates over time.

That asset will appreciate how you get into it, how much money you borrow and

what that payment is, is very important.

But I think that that's kind of separate from like cost of goods and services

and the things that, you know, all the other shiny objects that people get.

I don't know if you'd agree with me on that.

I agree a hundred percent.

I mean, you said something interesting, like an appreciating asset.

First off.

How many actual American consumers, if you said the word appreciating

asset, know what it means?

We take that for granted because of what we do every day.

But if you say an appreciating asset, like I would venture to bet probably

50 percent of people wouldn't know what an appreciating asset is.

They'd be like, Oh, something you're grateful for?

Hey, uh, even better point.

I bet you even less know what a depreciating asset is.

Sure.

Because appreciating is kind of a word you use.

You kind of make say, okay, it goes up, but depreciating is, is, uh, is not

something that people think through.

And you know, I have a funny story.

I was, I went to buy a car.

And I like my family, like none, none of us drive like fancy cars.

Like I'm the youngest of six and all, none of the cars are just not our thing.

And I went in to get this like pre owned, um, this pre owned Honda Accord.

I got an Accord in 2006.

I still drive a Honda, but I went through the car dealership and I was

going to get a pre owned with a, I had some cash that I I'd gotten from some

real estate commissions and I, um, you know, they did the thing where they,

they greet you and then they leave you, you know, they leave you on the floor

for like five, 10 minutes to, so you can look at all the new shiny cars.

I went and I just looked, I was like, that's a nice car.

But it was like really weird for me because I was like, I went in one time

to buy something, but I was like, I was going to make a spontaneous purchase,

but I was very cognizant of it happening.

I sat there for like 15, 20 minutes was thinking about it.

I was looking at it again.

I called my wife, like I was looking for a reason not to buy this thing.

I called my wife and she's just like, just buy it.

You've earned it.

You deserved it.

You know, and I got a really great rate on it.

And I got it paid off, but I had the ability to do it.

I know a lot of people just go into a foregone conclusion like, honey, we've

had this car for two or three years.

It's time to get a new car.

And then we see the finances of these people and it's, it's, it's rough.

I mean, I think the average car payment in this country is like

$732 or something like that.

I realize it was that high.

I mean, I,

I, I knew it had to be over five or 600 bucks

or in that five or 600 range.

I didn't realize it was

pre, pre covid was below 500 and not, so that's

the interest rates were so low.

Yeah, but it is 0.

9 percent financing.

Now you're looking at 9 percent financing.

Yeah.

Yeah.

So I have one final question for you and then we can, uh, we can hop off

is, um, what is, uh, what's your credit

score?

You want to see?

I don't know if you'll be able to see it like this.

Good one.

Actually, here's what I'm going to do.

I bought this just for the purpose of this.

And I like this.

And this is where people can really learn.

Well, I love you.

You just called me right out in front of everybody.

But you know what?

This is what I tell everybody.

If you're going to hire me,

I'm not calling it.

You can make something

up.

I

know I

won't.

And here's why that's where the smoke and mirrors comes into play.

I have people that have credit repair businesses that I've come

across with five 50 credit scores, trying to teach other people credit.

And I'm like, you're a fraud.

So here's what I'm gonna do.

And hopefully you guys can see this.

I'm going to make this bigger, but as you can see, that's my name.

We're going to log, I'm going to log in live.

And

I don't have the highest scores because I use my credit a decent amount.

All right.

I don't

have the highest scores.

Ready?

That's good.

Now I'm going to show you something else.

Mortgage scores.

Now that's FICO weights or that's vantage scores.

Okay.

That's, that's credit karma.

Right.

And now we're going to go to a site called my score IQ.

Okay.

I'm gonna do the same thing.

Cause I love and believe in transparency.

Sorry for the ring light, but

now what the hell is that?

788.

You got a 788 on there, bud.

No, that's great.

Experience tough.

Now here's what's crazy.

You want to see something funny?

My mortgage score, because if you understand how the credit system works.

When you're looking at getting a credit card or like an auto score, they're

typically looking at a FICO eight score.

Why?

Because they're only looking at the last two years of your credit history.

When you're looking at getting approved for a mortgage, they

don't care that you got your act together in the last two years.

They want to know what your history has been like for the last seven.

Remember I told you 10 years ago or 12 years ago, I had crashed and burned

and I had just started building back.

If you look this will show you my auto score, okay

You want to look even more when you're going for your mortgage score?

My mortgage score has been holding true for a while.

It's slowly growing up, but that's because it's based on a seven year average So

for many people and I know people are going to ask you this question Why does

my credit karma score say i'm at a 720 but when the lender pulls my credit

it says i'm at a 650 That's because a credit karma score is looking at your

last two years of history You A mortgage lender is looking at an Experian FICO 2,

TransUnion FICO 4, and Equifax FICO 5.

Notice Experian FICO 2.

It's the oldest model.

That means they're looking at the last seven years of my history.

Seven years ago, I didn't have much history.

I didn't build a thing because I didn't know how to do it and I

didn't know how important it was.

So great question.

And that's one of the reasons I love to show my credit scores

because people know that I'm real.

And if I can show you, and this is

No, I said, no, that, that's, that's awesome.

I mean, it's, it's, um, obviously I was, I, I would have been shocked

if it wasn't like us, it was like an 800 or something like that.

So

for those who are listening on our podcast

platforms and cannot see the actual, uh, results that are coming up,

he's around the eight 801s area.

So a lot of YouTube and actually, and you can see that's for yourself.

Now, for those of you who are looking, I

always talk about credit usage.

Remember I talked about that kid who had 2 million worth of credit limits.

I wasn't doing that, but if you can read that, I have 251, 000 of available

credit limits on my credit cards.

I have five charge cards.

Two of them are personal, two of them are business.

And then I have actually three of them are business because the capital one business

venture X card is also a charge card that card doesn't have a credit limit.

So these four cards, these are my business cards.

These are my personal cards.

Yeah, these are American Express.

These cards don't have credit limits.

They don't show up in your credit card usage.

And I can tell you, I can spend over 100, 000 on this card right

here alone, just on this card.

So that's not even included in that.

So going back to our conversation earlier, it's better to build

credit for the day that you need it because then it's already in place.

You have to get credit when you're already in trouble.

It's either too late or it's really, really hard.

So, but there's lots of ways that we can restructure that.

I know that was one of the things Jen said in the beginning.

I do sometimes help people to restructure their debts.

It's just a matter of understanding what their actual situation is, what resources

they have at their disposal, whether it's actual money, whether it's family or

friends, sometimes there's a lot of ways if two plus two doesn't get you to four.

There's a lot of other ways we can solve the equation.

That's where one on one coaching comes into play and that's where me asking

enough questions to say, okay How could we potentially solve this problem?

To help the consumer to help you and obviously to help me because

the more people I help It's more just about building the brand.

I want to teach society I want to help bridge the gap in lifestyle

inequality through basic credit and financial literacy and that's that's

why I love being a part of the show and again, I just want to say thank

you for inviting me because That's really what it all comes down to

Yeah.

Well, I appreciate it.

And so how can someone, uh, find you?

Uh, you know, I get, it sounds like you're on Tik TOK, uh, you know, uh, Instagram,

uh, like where, where are you best found?

Yeah.

Facebook, Instagram, Tik TOK, YouTube.

My most popular thing is going to be on Tik TOK.

Um, you know, I, I'll give you guys a link.

If you go to my Tik TOK channel, the unfortunate thing is I

have over 20 imposter accounts.

If you look at my Tik TOK channel, I have 106, 000 people on here.

Uh, 252, 000 likes, not that it's to brag or anything, but if you were actually

look at my name, I teach credit and you go to users, these are all imposter

accounts that that's that many people trying to impersonate my account.

So it's scary.

I, it's hard to send people, just go to iteachcredit.

com or send me an email at info at iteachcredit.

com.

Um, that's the safest way to get me.

Cause if you go to tick tock, you might find.

All right.

So we'll put that in the show notes.

Uh, Ryan, I really appreciate you hopping on and, um, you know, we

will, uh, we'll hopefully be able to help a lot of people here.

Yeah, I definitely have.

So if there's anybody's got questions, Seth, Jen, if you guys ever want to

do a zoom call for like all of your clients, you want to post the zoom

night, you know, I'm happy to, to do that, to do a live demonstration.

Like I know I showed you guys my score, but if you ever want to like

a live demonstration, I don't know if you guys do that, but I've been more

than happy to host that for you guys.

Yeah.

Drop in the comments if you want us to do that.

And if you jump onto it as a, as a listener, I think that would

be great to get some feedback on.

So try to get that in the works.

Okay.

Thanks guys.

All right, guys.

Take care.