My Future Credit Goals by Payne, Michael

One year from now - 18 years

234845_1 — 2024-02-13 16:05:29 UTC

What will I be doing - I will be starting the early stages of my business. I will be off to college or doing it online. It will be when I figure out the small things at this point.

Credit Action - I can apply for a student credit card to start building credit early. I will learn how to spend my money well and manage my card well.

5 years from now - 22 years old

234845_1 — 2024-02-15 15:28:14 UTC

What will I be doing - I will be doing online college still. I will be taking business classes and other classes that I can benefit the most from. My business will hopefully be going really well and I have figured out how to be very efficient.

Credit Action - I can spend wisely on my daily expenses on my Student credit card. I will also get a cosigner to help me purchase a apartment soon. I will buy a used car by this point and pay the payments on time. I can become an authorized credit card user.

10 years from now - 27 years old

234845_1 — 2024-02-15 15:36:01 UTC

What I will be doing - I will be married and my detailing business will be thriving. I have a good income and so does my spouse. We will keep are spending low and be careful with out money. We will do this to build credit so we can buy a house soon. Right now we are living in an apartment.

Credit action - We will be paying all of our payments on time to build credit and set ourselves up well. We will have two cars that we are paying for, as well as two credit cards. We will make sure we are spending wisely.

20 years from now - 37 years old

234845_1 — 2024-02-15 15:43:40 UTC

What I will be doing - Me and my spouse will be doing well in our house. We will have about 3 cars and living in a 2-story average house. By now we will have kids and we will have been saving money well and being smart to continue to live comfortably.

Credit Action - We will continue to pay off our house and make our payments on time. Our credit cards will be paid on time which will help. The 15% of credit that contributes to my credit score over time is helping me more now. I won’t be applying for different cards or making dumb financial decisions.