Improving Your Credit Score (3 Steps To Build Wealth)

If you spend time on the internet looking at websites focused on helping you save or invest money, you will find tons of people who want money from you every month and more people who will focus on credit score.

We are different because we focus on helping you build your own plan to save and invest regularly. Our goal is to give you alternative ideas to save and invest regularly and take more control over your personal finance life because you are unafraid to educate yourself.

We are also different because we don’t focus on credit score. In fact, we believe the world is on its’ ear. We don’t want you to do anything to destroy your credit, but we encourage you to redial your family to the TRUTH:

Credit is not king.

Cash is king.

Wealth-building does not start with credit.

Don’t be fooled by the “system” telling you to focus on credit score. Focus on eliminating debt and saving money. Then, focus on STAYING AWAY from credit.

Wealth-building is not often instant. Real value is generally built over time. Time + debt = poverty. It does not equal wealth. That is how you should focus on your own family wealth-building. If you become wealthy faster, good for you. However, your strategy should be focused over long-term gain. And it should begin with a focus on what is important now.

1. Make sure you have or set as a goal building a proper emergency savings fund for 2010. What does that look like? It is 15 to 18 months of expenses in savings (money market and certificates of deposit). Why? Because if you lose your job, you may not EVER replace your income and it may be months before you get a job decent enough to provide lifestyle for your family (pay the bills). Check past blog entries to see our plan on reducing your monthly pay out to increase monthly savings. Check out past blogs for our 1% Savings Plan to boost your savings without killing your lifestyle.

2. Circle the wagons on credit. Look at what you owe. Start with credit cards. Use our plan for reducing and then eliminating credit card debt. Start with the cards with the highest interest rates. Pay more than the minimum on those cards (starting with the one card with the highest interest rates and continuing until you have paid all of them COMPLETELY OFF). Pay the minimum on all your other cards and focus on pounding the highest interest rate FIRST.

3. Make sure you are enrolled in your company 401k. In addition, we think you should have a Roth IRA or Traditional IRA that gets a monthly contribution. All of this is “long-term money.” It is meant to perform over 30 or 40 years. Think long-term with these contributions and don’t worry about short-term ups and downs.

Educate yourself and your family on growing savings and reducing debt. Credit card debt is the #1 impairment middle class families have to building wealth.

You must begin to see things they way they really are: Your checking account is a MONEY LAUNDERING ACCOUNT for OTHER PEOPLE’S MONEY. Use any excuse to get your money out of these accounts. Push yourself and your family to save more regularly.

What does it take to build savings and wealth over time? Commitment, courage and consistency. It also takes self-education. Don’t let people tell you that you cannot do this. YOU CAN!


In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at

Thank you for reading our blog and good luck!

Loyd Ford

Join our free Facebook group “Coupons & Coupon Codes.”


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