Understanding what's in your credit report can help you make better decisions about credit. Your report is divided into four sections: personal information, credit accounts, inquiries, and public records. https://t.co/k2HMJRQ4Lp ...

Economic Principles - Productivity growth, driven by innovation and hard work, is the primary driver of rising living standards over time [1] - Credit's impact is more significant in the short term due to its ability to create economic swings, allowing consumption to exceed production temporarily [2] - Borrowing is essentially pulling spending forward, creating a future obligation to spend less than one earns to repay the debt, thus forming a cycle [5][6] Credit and Debt Dynamics - Credit differs from money; money settles transactions immediately, while credit creates an asset and a liability, representing a promise to pay in the future [7] - The total amount of credit in the United States is approximately $50 trillion, significantly exceeding the total amount of money, which is about $3 trillion [8] - Credit is beneficial when it finances productive investments that generate income to repay the debt, but detrimental when it funds overconsumption that cannot be sustained [10] Economic Cycles - Economic swings are primarily influenced by the availability of credit, not by fluctuations in innovation or hard work [4] - Borrowing sets in motion a predictable series of events, making understanding credit crucial for anticipating future economic outcomes [6] - An economy with credit experiences increased spending and faster income growth than productivity in the short run, but this is unsustainable in the long run [9] Example of Credit Amplification - An individual earning $100,000 annually can borrow $10,000, enabling them to spend $110,000, which in turn becomes another person's income [11][12]

How the economic machine works in 30 minutes. The economy works like a simple machine, but many people don't understand it or they don't agree on how it works. And this has led to a lot of needless economic suffering.I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and to sidestep the global financial crisis and it has worked well for me for over 30 years. Let's begin.Though the economy might seem complex, it ...

Credit Building - Adding children as authorized credit-card users can help them build credit [1] Risk Assessment - Assess if children are ready for the responsibility before adding them as authorized users [1]

$STRD 'Stride' is Long Duration, High-Yield Credit. https://t.co/Iy16A1RUD7 ...

Making your kids authorized card users can help them establish credit and learn sound financial behavior, but it’s important to set boundaries and expectations.Here are seven considerations: https://t.co/a2qafWGgXC https://t.co/gMNtrxT6rH ...

Credit Building - Adding children as authorized credit card users can help them build credit [1] Risk Assessment - It's important to assess if children are ready for the responsibility before adding them as authorized users [1]

Industry Transformation - Banks have not been the dominant providers of credit in America for decades [1] - Lending is taking different, indirect forms [1] - Regulation isn't the only reason for the transformation [1]

Fundraising Trends - Private equity and credit fundraising is slowing down [1] - Hedge funds and crypto strategies are gaining momentum in alternative investments [1]

Nonperforming Loans (NPLs) Overview - Defines nonperforming loans (NPLs) [1] - Identifies types of NPLs [1] - Explains the causes of NPLs [1] - Details the impact of NPLs on borrowers' credit [1] Target Audience - Intended for finance-savvy readers [1]