The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: onemorebike on January 02, 2013, 10:54:00 AM

Title: Credit as a Commodity?
Post by: onemorebike on January 02, 2013, 10:54:00 AM

I was thinking of this the other day and thought I'd float it here for thoughts. I happen, by some random chance (and lack of stupid decisions) to have a very good credit score. This qualifies me for a lot of things, but I was wondering in what ways this score could be leveraged to my advantage? Any thoughts from the community on how good credit begets good fortune?

Title: Re: Credit as a Commodity?
Post by: totoro on January 02, 2013, 11:15:52 AM

Yes.  Lower rates available on borrowing will help increase wealth as they contribute to ROI.  Being able to borrow to buy real estate or other appreciating assets is one of the more common ways to get ahead.

Title: Re: Credit as a Commodity?
Post by: Blackbomber on January 03, 2013, 06:32:35 AM

If you're an equities trader, you can buy on margin. It's pretty risky, though. I've done it and been lucky, but I wouldn't do it again.