Establishing Strong Credit Hands

Key Takeaways

  • Establishing a good credit history early in life goes a long way to helping you get favorable loan terms.
  • To build your credit, pay your bills on time, stay under the 30 percent utilization rate and establish two credit cards with staggered due dates.
  • Get a free credit report at AnnualCreditReport.com. Make sure there are no errors in your credit history.
  • Always keep your FICO score above 740.

Transforming Value into Money

Key Takeaways

  • Great companies like Starbucks, Disney and Four Seasons understand that customers will pay a premium for a transformational product or service experience.
  • Numerous surveys confirm that meaningful work is the No. 1 thing that people want in a career.
  • When building your team, look for self-starters who are alert, curious, resourceful, responsive and anxious to make things bigger, faster and better than they are right now.

Champion of Change

Key Takeaways

  • Highly successful people tend to be more open to change than the rest of the population.
  • Champions of change are always looking for new ways to attract the right resources, relationships, money and capabilities to help them bring value to the world.
  • From your mobile phone’s evolution to Alcoa’s transformation, change can be a positive impact on the technological, behavioral, social and economic areas of our lives.

When Funding Your Child’s Education, Let’s Not Repeat History

Key Takeaways

  • Student debt has doubled over the past seven years.
  • Newly minted 2016 graduates have an average of $37,000 in debt—some have debt loads in the six figures.
  • 529 plans are excellent, tax-advantaged ways for most parents and grandparents to save for a child’s education. Start saving as early as possible in the child’s life.