A few weeks ago, I had a conversation with the Chairman at my internship. He was asking me about how school was going. Eventually, we got on the topic of post-graduation. He shared some insights of his own life and what he thought was useful for young people to learn once they are out of college.

I found out that October 18^th is National Get Smart About Credit Day so I felt it was perfect to share with you a few points of advice he shared and also some I’ve stumbled upon on my own!

• Build credit

When I opened my first credit card, I remember my mom continuously asking me if I really wanted to do it. She made it seem like it was a big responsibility – believe me it is. But in the market, whenever you want to obtain assets 9/10 they will be looking into your credit. There are various forms of credit: directly from the bank, department stores have their own credit cards, and even

• Know your credit score

It’s important to be aware of your credit score. The lower your score, the less opportunities. The higher the score, the greater the opportunities. All they want to see is that you’re reliable in borrowing money and giving it back. Your credit score will demonstrate that.

• Save, Save, SAVE!

The biggest takeaway I got from the conversation with the Chairman was to save. I know we all know to save and want to save but he told me it would be smart to open different savings accounts for different things. He gave examples like one for traveling, one for that car you want, and one for strictly saving.

So Happy National Get Smart About Credit Day! Go do your research on how to get credit and do it right! I know I’ll make an effort to better my credit. Thanks for reading and ‘til next time! 🙂