[LAUGHS] My name is Keon Jordan. And I'm here to share my key financial learnings to life finances. A key learning to life finances for me was understanding credit, both the positive aspects of credit and building credit. At an early age, I was urged to become the secondary cardholder on my parents' credit cards. At the time, I never understood why they pushed for me to be the secondary cardholder. But little did I know, by being added as a secondary cardholder, I was benefiting from the credit they were building.
Their on-time payments and good standing helped me build my good credit. So that was something that really stucked with me in terms of methods to building credit. The second part of understanding credit for me was learning the best ways to utilize credit cards. Essentially, only using them once I had the funds to pay it off right away. This way, you eliminated paying the hefty interest rate fees, but you still continue to build your credit history.
With today's credit cards and the various rewards incentives linked to using them-- cashback, points, et cetera-- it can prove hard to follow this rule. The incentive to use credit cards is very, very high. But trust me, follow this rule if you can. Only use them once you have the funds to pay it off right away. This tip really helped me to build my credit responsibly and obtain some of my major life goals.
Thanks for watching and be sure to check out other videos within this series. [LAUGHS]