What is a good credit score?

Question: Is 695 a good score for a 19-year-old? I do everything I can do to increase it. What else can I do to make it better?Answer: 

In the U.S., age can have a factor on your credit score, because the length in time of your credit history comes into play. For example, if you have an account which you have payed on time (such as a credit card) for 20 years, this will contribute to a higher score than if you’ve only had the account 1 year. Other than that, the credit bureaus don’t care how old you are.

But, 695 is not a bad score for someone your age. If you continue to make on-time payments, keep your credit utilization low, and don’t continually open new accounts, you’ll see your score go up. There are some good articles about credit scores here: Credit Score Advice - Credit Advice by Experian

The average credit score for someone in their 20s, as reported by wallethub, is 662. So your score is above average. What Is the Average Credit Score in America? Average Credit Scores by Age, …


GASLIGHTING – Basic observations by an average person for others to ponder. GASLIGHTING – Do you know what it means? If not, then please read on. . . .
The term originates in the systematic psychological manipulation of a victim by her husband in Patrick Hamilton’s 1938 stage play Gas Light, and the film adaptations released in 1940 and 1944. In the story, the husband attempts to convince his wife and others that she is insane by manipulating small elements of their environment and insisting that she is mistaken, remembering things incorrectly, or delusional when she points out these changes. 
The play's title alludes to how the abusive husband slowly dims the gas lights in their home, while pretending nothing has changed, in an effort to make his wife doubt her own perceptions. The wife repeatedly asks her husband to confirm her perceptions about the dimming lights, but in defiance of reality, he keeps insisting that the lights are the same and instead it is she who is going insane…

5 Types of Investing Strategies

1. Income Investing2. Impact Investing3. Growth Investing4. Small Cap Investing5. Value Investing

Millennials, Money, and Mythis

Millennials want to be wise with their money, but can’t help feeling cautious. After all, they watched as their parents’ finances took a double whammy from the burst of the dot-com bubble in the early 2000s and the marketcrash in 2007. Their takeaway?

Stick to the Plan! Why FOMO Can Kill Your Investment Portfolio

From a Jeff Clark newsletter, where he talks about FOMO (Fear of Missing Out) and what risks it entails to investors. Why FOMO could ruin youBy Jeff ClarkIn 1999, the various conservative mutual funds I recommended they invest in earned 58%. It was far more than we had projected. It was far more than they needed to maintain their standard of living.

But, the Munder NetNet Fund their neighbor invested in – which only bought internet-related stocks – earned three times that amount.

The couple told me they wanted to sell the funds I recommended and put everything into the Munder NetNet Fund.

I reminded them of their long-term goals. I told them that 1999 was an “outlier” year. Just about everything made money. They had made far more money in their conservative funds than we had projected. It wasn’t likely to happen again anytime soon.

And even though I would have profited handsomely on the commission earned by selling their existing funds and buying the Munder NetNet Fund, I told them not t…

Personal Finance in 10 Simple Sentences

I moved #10 to #1, because it is actually the most important.
1. You need a written budget and a written plan for your money 2. Spend less than you earn3. Create an emergency fund immediately 4. There is no tomorrow; start today 5. It's purely on your shoulders 6. The "Joneses" are living a lie 7. Pay off your debt 8. Create multiple sources of income 9. Personal finance is 20% knowledge and 80% behavior 10. Income does not determine your wealth

The State of American Education (and most of these people vote!)