Do you want a guaranteed way to pay off your credit card every single month without fail?
That's the point of this video! Welcome back to the sweet life channel where I help people
just like you crush debt build wealth and live the ultimate sweet life my name is bob and I'm excited
to have you back if you're already a subscriber and if not become a sweet life for today smash
that subscribe button it's totally free did you know when it comes down to building your credit
score and wanting to get that elusive 800 credit score 35 of that decision is made up of your past
payment history so it's really important guys to make sure that you're paying off your credit cards
accurately every single month to make sure you maximize building yourself up to an 800 credit
score for the last five years plus I've maintained an 800 credit score throughout my history and i
want to share with you how i do that and and I do this I pay off my credit card every single month
in full and it's without fail god forbid i don't want this to happen to anybody but
if you would get laid off or furloughed or something like that you would still be able
to pay off your credit card guaranteed that's kind of interesting isn't it what I'm gonna do
is I'm going to pull up my iPad screen right here for you so you can kind of follow along
with me with something that i created and this was a long time ago so as you can see here i have
a transaction register now on this transaction register i track my deposits i track my payments
and i track where and the date and everything in between and then on the far right hand side of my
transaction register i have an automatically calculated balance that helps me through
the day the first thing i want to draw your attention to is my first initial deposit here
of a hundred and forty thousand dollars now that YouTube money is so good yeah right someday i
look forward to making 140 000 on YouTube you might wonder how much i actually make on YouTube
struggle is real guys the struggle is real so what i want to be able to do though
is give you guys this transaction register but i want to uh let you download it only at a cost
no no I'm not asking for money I'm just asking you to smash that like button once i get 100 likes i
will follow up with another video and i will give you this link to download this template for excel
something i created like i said years ago let's be realistic with my YouTube money i made 0.10 so
see how it automatically calculates oh my god I'm in the negative i owe money uh let's get
serious let me put that back uh you know I'm just going to put a number in there
so for the purpose of this demonstration we got actual positive numbers to look forward to here
so as you can see here i'm going to go over here see how it says number d represents for me deposit
AmEx is what I'm about to get to automatic payment is like a reoccurring payment that automatically
comes out of my checking account t is for transfer ap automatic payment and then dc is debit card
now what i've been doing is anytime i swipe my American express card i use the American express
blue card i will link that down below it's totally an amazing card that i recommend but i
treat it like a debit card here's the trick of the trade guys this is straight to the point all i do
is for example you can see i have target here on 228.20 total payment of 42.57 and i type in AmEx
and that is it i just plug in AmEx so anytime we swipe the card no matter where it is and it's on
our credit card we're plugging in the on the left hand column AmEx the date and the description
of the payment then what i do at the end of the month i get my American express credit statement
and along with the due date of whatever that is so for example let's say like for
this month it'll say like due on November 4th or something like that i will then go through
and i will simply filter my excel document which you can do right here see how it says mx boom I'm
going to hit that it's going to then pull up all of my different mx transactions for that period
of time so what i'll do is i'll look at my credit statement and i'll balance it to my transaction
register so for example target you see how i have a little y here so that's me going through
my credit card statement and making sure that the payment amount where i paid it and the date lines
up correctly with my American express card simple as that i balance it every month and
then what i do is i just let it sit there until the due date on the due date i pay it in full
and because i've already tracked it like a debit card payment i don't have to put in
into my transaction register a payment to American express it's really kind of an easy way guys to
be able to go through this and treat your credit card like a debit card and that also is important
so you can make sure that you always have the money to spend there are times when i have to
say hey i'm looking at my transaction register and we're running low of money so stop spending money
on the credit card or anything else because we need to be serious until we get paid next
i mentioned earlier if you get furloughed or laid off well because you've already
put all these transactions in as a debit you can come in here pay off the American express
card straight away or whatever the credit card is you're using boom paid off because you've
already treated it as if it was cash this is a guaranteed way guys think about it you treat
it like a debit card this is a great way to build your credit if you're struggling with your credit
apply get a credit card and treat it like a debit card plug it into your transaction register don't
look at your actual bank account look at this thing and make sure that you have enough money
in your bank you just got to stay disciplined and that's an important piece because a lot of
people could go look at their bank account and it says like wow especially if you spend a lot
on your credit card every month wow i have two thousand dollars sitting in the bank now you don't
because on your actual transaction statement here you only have a hundred dollars left
because you haven't yet paid your credit card bill you haven't yet balanced everything yet you want
a great way to hack into that treat it like this and then every month you get cash back just for
using it for your everyday purchases i hope this video was helpful i hope it added value into your
financial building journey if it did all i ask is a like again 100 likes at least
boom this thing becomes accessible to everybody i will follow up with another video and give
you some more details and as well as answer any questions that maybe i didn't answer in this video
so comment below if i didn't make anything clear so i can use that as a response to any question
you may have in my follow-up video other than that guys i hope you enjoyed it as always continue to
live your sweet life because you're worth it have an awesome day and we will see you next time [end]