In this episode, Nikou broadcasts from Clubhouse and talks to Credit Ninja, who works with celebrities, high-level executives and professional athletes on repairing and unleashing the power of their credit.

KEY TAKEAWAYS

In 2008 I ran a tech company and it was going under because of lack of funding and low risk appetite in the market and I had to leave my CEO position. People were losing their homes.
My bank account got frozen so I started living off credit cards to get through the month. After months of this I owed $165,000 and I got a federal lawsuit filed against me. It wasn't a good feeling defending myself in federal court with no attorney, I had to learn to be my own attorney for three and a half years.
I finally got retribution and was released from the lawsuit and was left with nothing.
When you're at the deepest, darkest part of your life and there's no way for you to pay the bills, and your house is being foreclosed on, what do you do? I wanted to climb the highest building in Las Vegas and jump off, but I didn't have the credit card to book the hotel room!
I started selling my clothes and purses and eating 15 cent packets of ramen noodles. I had to decide do I put fuel in my car or food in my mouth.
When you get to the top after being at rock bottom you have a responsibility to help others.
I think of credit cars as a float through. If you buy something on there you'd better have a plan to pay it off as soon as possible. Make sure you're doing it to harvest the credit points as a by-product. Ask if the purchase is making you money?
If you open a credit card or store card over Christmas and you forget about it, it will damage your credit. Be organised and aware.
Health is the new wealth and wealth is the new health. If you don't mange both you'll have an issue. If you don't pay attention to it it'll leave you, same goes for friendships, relationships, health and wealth.
Knowing how to play the game, knowing the rules and when to have a debt at the right time. Make sure you have $0 on there on the day the bank reports and then start spending on it again before paying off by the next report date.
If you're born poor it's not your fault, but dying poor is your fault. There are so many resources and ways to connect with successful people who give back their time and knowledge to help you.
There's always something to learn from others, be a sponge.
Because I travel to meet people a lot, and have a lot of meetings, diet is important. Before being the Credit Ninja I was a Pre-Med so I know what I'm talking about.

BEST MOMENTS

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