Financial Risk & Wealth Building

Posted on September 21, 2025 by TheWealthIncreaser.com

Learn how you can use foresight to help get your money management personality right…

It is important that you have an effective way of managing your income, risk and other factors so that you won’t default on your obligations and put yourself in a deeper hole.

If you desire to effectively manage your finances, “you” must know how much income comes in and goes out of your household, know your risk level and know when and how to act if you find yourself in financial difficulty.

In this discussion TheWealthIncreaser.com will focus on the importance of your need to more effectively manage your income level, risk level, and money management skills, so that you can reduce your default potential and enjoy life more abundantly while you are here on earth.

Income Level Awareness

It is important that you analyze your income from all sources and come up with a debt payoff or debt paydown plan when needed. You want to put an investment or savings plan in place now or at the earliest time possible–so that you can have the income that you need later.

By analyzing what comes into and goes out of your household on a monthly and annual basis, you can put your mind in position to plan proactively, so that you can go to the right places at the right paces on a more consistent basis!

Risk Level Awareness

It is a risk to fall behind on your taxes and pay unscrupulous companies to help rectify your situation, as many will offer services for a fee that you pay upfront, and in the end, they inform you that you don’t qualify–“after” you have made payment. Similar scenarios can play out in all areas of your finances; therefore, you want to improve your awareness now!

What is your risk level as it relates to insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement plans. There is varying risk levels based in large part on how you take action in those critical areas. If you don’t know all areas of your finances that you must address, you are increasing your risk level and decreasing the likelihood of future success for you and your family.

Do you know that “your inaction” is a major risk and can prevent you from reaching many of your goals that you desire to timely bring into existence?

You want to do all you can at the earliest time possible to make insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning work for you, and not against you.

Lack of knowledge at a certain level in all areas of your finances often turn the odds in favor of creditors and other professionals–and will work against your and your family’s best interest in many instances!

Are you a solid money manager or are you lackadaisical or confused about how you manage your finances. Regardless of where you fall on the “money management spectrum” you can make major progress if you have the desire to do so!

Default Potential Awareness

If you default on student loan debt, car loan payments, credit cards and other financial engagements where you agree to pay, you may put yourself in an adverse credit and financial position.

If you fail to pay creditors and/or other debt that you owe, you could find yourself in position where you have to file bankruptcy or pursue other disadvantageous options–when it could have been avoided, had you taken the right steps at the right time.

If you fail to plan for what happens after your transition, you increase the likelihood that your heirs will face default and/or added financial burdens (including family squabbles) after you are no longer on earth.

Conclusion

Your decision to analyze your income that comes into your household, your risk potential from a subjective and objective point of view, and your potential for real default is paramount if you desire lasting success. Proper decision making at the proper time can put you in position to make the right or corrective moves where possible and could be an important step in turning your current financial position into that of lasting success.

By analyzing how well or poorly you are managing your finances, analyzing your risk potential in all areas and knowing your potential for default at the earliest time possible, you can make better, more informed and more beneficial decisions that will put you and your family in position to enjoy life more.

If you must file bankruptcy or pursue other options that are adverse, you want to do so in the timeliest manner possible, if that works the best for you, after thorough analysis (possibly with assistance from a number of professionals) and weighing all of your options.

You want to analyze your financial habits proactively or on the front-end so that you can make the needed adjustments proactively or when the potential for benefit favors you–not creditors, so you won’t suffer after making a bad decision(s) on the back end!

Your decision at this time to not follow the trend and give it your absolute best so that you can win, can put you in position to succeed again and again–if you decide to consistently do what you need to do and you are one who sincerely desire to make your dreams come true.

All the best as you reduce your risks, increase your awareness, and achieve at a level that is your absolute best…

How to reduce your financial risk right now…

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Controlling Your Actions Now & Wealth Building

Posted on September 7, 2025 by TheWealthIncreaser.com

Learn how you can “control your actions now” and achieve more as you build wealth…

Although CYAN is the color between blue and green on the visible spectrum of light and can often be difficult on your eyes as you can see above in the lead intro or subtitle, your understanding of your credit and finances does not have to be difficult on your eyes or your other senses–as you will soon see–if you are one who sincerely desire to be all that you can be.

In this discussion TheWealthIncreaser.com will discuss the importance of your need to utilize your mind and heart more efficiently so that you can timely achieve more in varying economic environments.

1) Stabilize your credit/finances

If you are one who desire to achieve more at the various stages of your life cycle you must proactively get out in front of your finances and that includes analyzing your monthly cash flow at a minimum. You also want to utilize personal income statements and balance sheets on occasion so that you will know your net worth.

Additionally, you want to know all areas of your finances that you must address at the earliest time possible.

2) Improve your credit/finances

There are a number of ways to improve your credit and finances and how you manage your credit, and finances proactively can give you a real jumpstart regardless of where you are now at in your life cycle. You also want to manage your finances optimally and there are many proven ways of doing so.

It is your responsibility to find the best approach to improving your finances at this time and throughout your lifetime.

3) Maintain your credit/finances

Once you get your credit and finances in a more favorable position, you want to maintain that favorable position.

That means reviewing on occasion, setting and reaching other goals that you have and having an undeniable approach in the management of your credit and finances throughout your lifetime. You want to realize at this time that you must do more, and you can do more if you properly prepare your mind and heart for the journey.

Conclusion

The decision by you at this time to use your mind to grow in character and wisdom are contingent upon you controlling your actions now and more importantly you want to use that growth and wisdom to achieve more during your relatively brief time that you are on earth by directing your actions with more purpose and focus.

By C ontrolling Y our A ctions N ow you can learn more, process more and achieve more!

By focusing more on yourself and being more aware of what is going on in, around, under, and over your finances (comprehensive approach), you can position yourself and your family for major success, now and in the coming years so that you can continue the positive momentum that you will have unleashed due to your decision to manage your finances in a more optimum way and find your way to punch through–as there is nothing that can prevent you from doing what you need to do to see your way through!

You want to keep calm and push on and know at an early point in your wealth building journey that there could be a better way for you to approach and act when it comes to effectively managing your finances and reaching meaningful goals.

When “inspiration that you should act on” comes down like manna, the question then becomes, will you grab it and do something with it–or will you let it wither away–possibly never to return again?

The importance of controlling your actions now…

Over 20 years ago after facing great adversity, the creator of TheWealthIncreaser.com made a vow to God to do something great for humanity. At the time the “great” was an unknown, however by pressing on and eventually being open to act on inspiration that I received, I began writing (something that I had not done in many years) and many around the world who were serious about their finances took notice and their responses and movement in their financial journey spurred the continued writing that many around the world continue to benefit from today.

Those events were in large part inspired by controlling my actions, dreaming big, having the preparation and knowledge that was needed, moving to action and not letting inspiration that I failed to take action on for years continue to immobilize real action.

When you really get down to it, action is what really counts, as thoughts about acting, waiting on others to do it, dreaming about it, letting inspiration that you receive that you don’t act on fly over your head, and other behavior that is not “real action” is “really nothing” when you really get down to it.

By giving all the glory to God, and operating in a sincere manner to benefit humanity, this site along with several others were created, along with a number of books that have all had a major impact on improving the financial lives of many worldwide.

Even though I did not know it at the time, Proverbs 16:3 was at work–commit thy works unto the LORD, and thy thoughts shall be established. And by acting on inspiration when it was in my best interest to do so, that has led to the creation of this website along with numerous e-books, books and services that all move humanity forward during these difficult times and are presented in a way that is one-of-a-kind.

The point is that if you make a sincere effort to control your actions now and you make the commitment that is necessary, you too can achieve beyond your imagination and create something new and unseen for society and also reach many or all of the goals that you set for yourself and your family during your lifetime!

All the best as you CYAN (Control Your Actions Now) and achieve major success…

Learn more about the real estate and finance 360 degrees series of books…

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Credit Scoring & Wealth Building

Posted on May 25, 2024 by TheWealthIncreaser.com

Learn why you must know how to utilize credit effectively so that you can maintain or improve your credit score so that you can do more…

What is inside of Wealth Building Now latest book…

Read a Sample Chapter of Wealth Building Now…

1-2-3 Credit & Me (Frequently Asked Questions)…

In the current economy many are in the process of making financial moves and their credit standing will play a major role. If you are one who plan on making major financial moves in the future, it is imperative that you know the way the credit scoring system operates and you take a “proactive approach” in the management and improvement of your finances.

In this discussion you can learn what you can do to work toward improving your credit and using credit for your and your family’s best interest and not for the greater benefit of creditors and others who do not have your best path toward success in mind. By making a serious commitment to comprehend and apply the “credit scoring” concepts below based on your unique goals that you have, you will put yourself on a path to attaining a credit score where lenders can’t say no!

Know the 3 Major Credit Bureaus & How They Operate

Transunion

Equifax

Experian

Transunion, Equifax, and Experian are the three major players when it comes to the credit bureaus or credit reporting agencies. It is your responsibility to know the 3 major credit bureaus and an easy acronym that you can use is TEE. Think of TEEing off, only it is not for golf but for managing your credit more effectively throughout your lifetime!

You can go to annualcreditreport.com to get your credit report from all three credit bureaus once per year at no cost to you. Additionally, if you are denied credit or turned down from a job based on your credit file, you will be entitled to a free credit report.

The 3 credit bureaus or credit reporting agencies as they are commonly called, assemble files on you based on your name, addresses, social security number, date of birth, employment, and creditors that you owe or you have a relationship with such as credit card companies, student loan providers, auto loan providers, mortgage providers etcetera, and the agencies will note when you pay on time and when you pay late. If you have public record data, foreclosures, liens, rental defaults and other debtor payments that you “failed” to make–that too could appear in your credit file.

If you have “credit issues” be sure to visit the credit improvement discussion on this site and/or be sure to purchase 1-2-3 Credit & Me if you desire to take control of your credit in a more forceful manner! Although effective credit management throughout your lifetime should be your goal, an UltraFICO score and Vantagescore 4 plus are alternative scoring models that offers those with a poor or non-existent credit history to get a score that some creditors will accept based on your banking activity with your checking and savings account(s).

You can go to the following sites to see where you now stand as far as your credit reports are concerned.

Transunion Equifax Experian

Know How Credit is Scored

You want to know what factors go into the scoring of credit. Negative information, utilization, time of credit, type of credit and hard inquiries all play a role in the scoring of your credit.

You can go to the following sites to see where you now stand as far as your credit score is concerned:

creditwise.com

Others–your bank, credit card issuer and others that you may have a financial relationship with all offer free or nominal rate credit scores, monitoring and other products that could be of benefit to you. Bankrate.com offers ratings on various financial products and services that can possibly be of help to you and your family.

Also realize that there are 2 major scoring models and they are FICO and Vantagescore and by effectively managing the 5 credit factors you can “maximize your credit score” regardless of the scoring model that a creditor or others may use during transactions that you engage in during your lifetime.

To get an exceptional (800 plus credit score) score with your credit, you will need to consistently:

Keep Negative information off of your credit report. It is important that you stay current for a number of years and always pay on time as you will show that you are a good credit risk by doing so.

Keep your Utilization rate low. It is important that you keep your utilization of your available credit under 7%. You will pose less risk to lenders and your score will rise over time.

Keep older accounts open over Time, as your score will rise the longer your credit record is. Once you get an average age of 9 years or more, you will be a serious candidate for the 800 club. You can still get there in a shorter time frame as well, depending on your overall credit management, income and particularly how you manage the credit factors that you are now learning.

Know that the Type of accounts that you have are important. Those who are in the 800 club normally have about 6 revolving accounts and 5 installment accounts on their credit reports. In many cases they have several installment accounts in their credit file that have been paid off, but are still a part of their credit file. Credit cards, installment loans, mortgage loans, retail loans etcetera will be weighted. Always realize that your credit mix will be more important if your credit report doesn’t have a lot of other information to base a FICO^® Score on.

Know that when you apply for new credit an Inquiry goes on your report. A new inquiry has the effect of reducing your score for a period. Those who are not actively looking for new credit pose less risk. Those in the 800 club generally have not applied for new credit in the past 12 months.

Know How to Manage Your Credit Effectively

You want to be more than just aware of the credit bureaus and how your credit is scored. You want to proactively get out in front of your credit and do the work upfront so that you can have a lifetime of credit success, or credit success for the period in your life that you desire to utilize credit.

By keeping late payments or negative information off your credit report, utilizing 10% or less of your available credit, keeping your accounts open over a period of time, having the right type of credit based on your goals and keeping hard inquiries to a minimum based on your goals, you can position yourself for a lifetime of credit and financial success.

You also want to ensure that you pay off or pay down burdensome debt like revolving accounts and you properly establish an emergency fund at the earliest time possible.

Conclusion

Read a sample chapter of Wealth Building Now–Now…

Learn what is inside of Wealth Building Now–Now…

It is important that you manage your credit and finances in an intelligent, consistent, and proactive manner and not show concern for your credit after you have damaged or mismanaged your credit and finances.

You also want to ensure that your credit usage align with your goals, as you don’t want to purchase a car or get a home mortgage if you have no need for the car or you prefer renting or don’t like the added responsibilities that come with home ownership.

Even if your “credit mix or type of credit” is not ideal, if you pay your revolving debt on time over time, you will see a gradual and steady increase in your credit score and you will have a good to excellent score that may allow you to achieve your short, intermediate and long-term goals successfully. If your credit is not ideal and traditional credit card issuers won’t issue you a card, you may need to get several secured credit cards to help rebuild your credit if you have had several major dings in the past and your current score is not at the level that allows you to get a loan at a good rate.

If you are “exceptional” in paying on time over time and utilizing your available credit appropriately over time and you are good, very good, excellent, or exceptional by paying on time over time, having different types of credit and keeping your inquiries low–you will eventually get to the 800 plus club (800 or more credit score).

Again, you want to be aware that there are two major credit scoring models and they are FICO and VantageScore, and creditors may use either one of the models when you apply for new credit. If possible, you may want to get information from the potential creditor in advance to determine the model they use–as well as the version so that you can plan, strategize and negotiate better.

Also realize that there are different versions and year of release of those versions when it comes to scoring models, as older and newer versions are on the market at the same time and creditors may use older or newer models and differing versions of those models. Some models will even take your score up to 900! In addition, there are “industry specific” models and versions that you want and need to be aware of!

In addition to managing your credit wisely, you want to do your due diligence in all areas of your finances by proactively knowing what you need to do and what you need to avoid–not re-actively as it is often too late to take corrective action or the action that serves your best interest and not creditors and others after the transaction has occurred! It is imperative that you learn credit card basics prior to running up astronomical balances–as you want to manage your credit wisely from day one when possible!

By implementing the above steps in your life at the earliest time possible you can get out in front of your credit and manage your credit to your advantage and not creditors. Effective credit management will put you in the “scoring range“ that allows you to have the “audacity to be you” as you pursue your goals and what you desire to see most come true!

However, the audacity to be you is contingent upon you doing what you need to do!

All the best to your credit scoring success as you now should expect nothing less…

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