Credit: Prey vs. Predator – Are YOU Using It WRONG? CJ Moneyway Show

Can you break that down for us? Absolutely. Financial literacy is part of the game. When I started learning and teaching people about credit, about funding, I realized that, oh, I gotta teach this too, because I, I gotta break this down even more to give you a good answer, bro. There's financial prey and there's financial predators, right? So the prey, the eagles, right? Um, and then there's financial pre— um, financial predators, which are the eagles, and then mice, which are the prey. They, they, they eat us up because we don't have this information. So they had a 400-year head start understanding money, understanding credit, right? Understanding how to leverage it to make money, right? So we didn't get that information. So once I got that information, like, oh, credit was taught to us like it's a bad thing because what we do with credit, we go buy Louis Vuitton, we go buy laptops, we go buy sneakers, we go buy flat-screen TVs every Black Friday. But the other side of, of intelligence and understanding money, they take credit, they go buy businesses, they invest in real estate, and that makes them money. Because two people can have $0. You give one person $10,000 in credit, another person $10,000 in credit, the uneducated person, that's the prey, they're gonna go spend it on nonsense. Somebody else is gonna take that same $10,000, use it as a down payment for a duplex, a triplex, and now they're cash flowing $500 a month, paying off the credit card, but still they're able to live for free, and the tenant upstairs is paying the mortgage. So it can be a double-edged sword, CJ, but if you use it correctly, it's a powerful tool.